07/20/2007

MBS SELLS VITORIA, TEXAS APARTMENT COMMUNITY

Our ultimate goal is to meet the expectations of three MBS constituents - our investors, our residents and our employees. The MBS Companies' greatest asset exists
not only in its innovative multi-dimensional approach to real estate success, but in the enormity of personal satisfaction gained by the experienced individuals who unite to overcome challenges for the benefit of
both client and company."
Michael B. Smuck - Chairman/Chief Executive Officer