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<br />II <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br /> <br />THE SHELTER/CAN-MlERICAN GROUP <br />PROPERTY MANAGEMENT <br />UNITED STATES <br /> <br />There are two corporations aftiliated wlth !he Shelter/Can-American <br />Group that are prlmarlly responsible for management of all united <br />States product: canadIan Flnancial Houslng Corporation~ based in <br />Minneapolis and Shelter PropertIes Corporation LImIted, based In <br />Baltimore. <br /> <br />CANADIAN FINANCAL HOUSING CORPOR~ <br /> <br />CanadIan FInancial Housing CorporatIon was incorporated In 1974 as a <br />private company In the state of MInnesota. <br /> <br />Canadian FinanCIal has participated In the development of fourteen <br />mUlti-family government assisted rental houslng proJects and is <br />directly inJo:ved In their day-to-day management. Each of the <br />proJects include comprehensive social serVlce programs admInistered <br />by a speCIally sk~lled and trained staff. CanadIan Pinanc:al has <br />utilized rent reduclng lnnovative financing mechanIsms to the maximum <br />extent possible in these projects. They were among the first <br />financed by t~e Minnesota and M~ryland state housing finance agencies <br />and by a sale of local tdx-exempt lndustrlal revenue bonds. <br /> <br />Slllce 1982, Canadlan FInancial has succeSSfully expanded its property <br />management experience Into market-rate housing WIth ne addltlon of <br />1,374 market-rate unlts. currently, Canadian Flnanci~l Housing <br />Corporation's management portfollo contalns 2,256 units. <br /> <br />SPELTER PPOPEPTIES COPPORATION LIMITED <br /> <br />Shelter Propertle~ ~orporatlo~ Llmlted was ln~orporated In 1984 as a <br />prlvate company ~n the State of Maryland~ <br /> <br />Th~ expansIon of The Shelter/Can-Amerlcan Group's property management <br />organization through the formatlon of Shelter PropertIes )s a <br />contlnulng step to lnsure the hIghest standard of property management <br />for each of the proJects developed by Shelter/Can-Amerlcan. Shelter <br />Propertles currently has 1,787 unlts ln its management pOltfollO. <br />