Larry,

Just a note to touch base on the sagewood townhomes and other development
opportunities.

I stumbled across some other duplexes for sale on the same street. that were
built by Reagan Lehmann. 22 Units were sold for
around $2 million. ($182,000/duplex). I spoke to Reagan and he indicated
that he had more units under construction that would be
available in the 180's. Are the units he is selling significantly different
from yours? He mentioned some of the units are the 1308 floor
plan. My bid of 2.7 million is almost $193,000/duplex.

As far as being an investor in a new project, I am still very interested.

Call or email with your thoughts.

Phillip