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HCA MANAGEMENT COMPANY, LLC

                                               STATEMENT OF OBJECTIVES


                          WE ARE A FAMILY OWNED COMPANY WHOSE ONLY BUSINESS IS
                   THE OWNERSHIP AND OPERATION OF MANUFACTURED HOUSING
                   COMMUNITIES. WE HAVE BEEN IN THIS BUSINESS SINCE 1964. WE
                   HAVE DEVELOPED AND ACQUIRED THESE COMMUNITIES FOR LONG
                   TERM INVESTMENT.


                          WE KNOW THAT CONTENTMENT, SECURITY AND PEACE OF MIND
                   ARE THE DESIRES OF OUR RESIDENTS. THEREFORE, IT IS TO OUR
                   MUTUAL BENEFIT THAT WE ENDEAVOR TO PROVIDE SAFE AND WELL-
                   MAINTAINED COMMON AREAS AND FACILITIES. WE ATTEMPT TO
                   CREATE A HAPPY, WHOLESOME ENVIRONMENT BY PROVIDING
                   VARIOUS COMMUNITY SERVICES.


                          OUR EXPERIENCE HAS SHOWN US THAT MUTUAL RESPECT,
                   CONCERN AND COMMUNICATION ARE THE GOVERNING PRINCIPLES
                   OF GOOD MANAGEMENT-RESIDENT RELATIONS. THEREFORE, WE
                   CONTINUALLY WORK AT KEEPING OUR RESIDENTS INFORMED AND
                   WE STRIVE TO TREAT THEM WITH RESPECT AND REASONABLENESS
                   AND ASK THAT THEY TREAT US IN THE SAME WAY.

                          WE FEEL WE HAVE THE BEST MANAGERS THAT CAN BE FOUND.
                   THE COMPANY CONTINUES THEIR TRAINING AND UPDATES THEIR
                   KNOWLEDGE           OF      THE     INDUSTRY         BY     SENDING         THEM      TO
                   MANUFACTURED HOUSING ASSOCIATION SEMINARS ON A REGULAR
                   BASIS. OUR MANAGERS ARE THE PRIMARY AUTHORITY IN CHARGE OF
                   THE COMMUNITY AND WE WORK CLOSELY WITH THEM GIVING THEM
                   GUIDANCE AND THE BACKING THEY NEED TO RUN THE EVERYDAY
                   OPERATIONS.


                           WE STRIVE TO MAINTAIN OUR COMMUNITIES IN QUALITY
                   CONDITION NOT ONLY BECAUSE WE LIKE IT THAT WAY BUT ALSO
                   BECAUSE WE KNOW THE RESIDENTS WANT IT THAT WAY. NEEDLESS
                   TO SAY, IF THE COMMUNITY IS WELL MAINTAINED, YOU WILL FEEL
                   BETTER ABOUT MAINTAINING YOUR HOME; THIS CREATES AN
                   UPWARD SPIRAL THAT CAN ONLY BENEFIT OUR RESPECTIVE
                   INVESTMENTS AS WELL AS ENJOYMENT.


                          THANK YOU FOR CHOOSING OUR COMMUNITY TO MAKE YOUR
                   HOME.
                                                       HAL C. AGUIRRE & DEAN J. MOSER


                   Val Rules Jan 08.doc
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