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Mark-Taylor Awarded Management Contract for Chandler Community

Chandler , Ariz. (December 19, 2005) - Mark-Taylor Residential, one of Arizona 's largest managers and developers of luxury apartment communities, has been awarded the management contract for Cornerstone Ranch Apartments. This luxury Chandler apartment community is located at 3999 South Dobson Road, convenient to freeway access, shopping, fine dining and golf. The property is owned by Chandler Cornerstone Apartment LLC.

"I am excited to have Cornerstone Ranch join the mark Taylor family as this quality asset brings further stability to our portfolio in the Chandler market," said Dale Phillips, president of Mark-Taylor Residential. Of the 25 properties in the Mark-Taylor portfolio, nine are owned and managed by Mark-Taylor and the rest are managed for either institutional advisors or private investors.

Cornerstone Ranch Apartments feature spacious gourmet kitchens with appliances, custom cabinetry and stainless steel sinks. Each apartment home is complete with custom decorator appointments such as solid core entry doors, ceramic tile entry, French doors with certain plans, dramatic nine-foot ceilings, full- size washer and dryer in each home, and energy efficiency built in. All apartments have fire sprinkler systems, ceiling fans, and storage space. Garages and assigned covered parking are also available.

The community features the resort-style lifestyle strongly associated with Mark-Taylor, including a lagoon-style swimming pool with misting system and heated spa, barbecue grills and pit, executive business center with computer and internet access, Clubroom with kitchen, fireplace, television and VCR, and a 24-hour state of the art fitness center with stereo system and televisions.

Additional info rmation is available at: www.mark-taylor.com where prospective residents can view floor plans, check real time availability of various apartments and submit an application. The website also allows residents to submit service requests, pay their lease on-line, and learn about various community events and activities.

Based in Scottsdale , Mark-Taylor Residential is the award-winning property management division of Mark-Taylor, Inc. providing professional management services to apartment communities developed by the company, as well as communities developed or owned by third parties.