HSL Properties was formed in 1975 by Humberto S. Lopez and Glenn Toyoshima. Since its inception, the Company and its controlled affiliates have acquired, owned, operated and developed properties located in Arizona, California, New Mexico, Texas, Georgia and Colorado. Although focused in the apartment industry, other investments include 900 hotel rooms, over 750,000 square feet of office buildings, 400,000 square feet of retail space including a 300,000 square foot shopping mall in Atlanta, Georgia, a golf course, several thousand acres of individual and master planned land tracts as well as a bank holding company, a national catalog sales company, a contact lens manufacturer and a multi-brand luxury car dealership in California.

As the Company’s core business, HSL Properties currently owns and operates over 7,400 apartment units in 28 apartment communities and has become the single largest apartment owner in southern Arizona. HSL Properties was originated with the concept of creating value for its investors by providing excellent service to its residents while controlling operating costs. With this focus in mind, HSL Properties has embarked on a campaign to establish the HSL brand as the benchmark of quality in multifamily housing in the southwestern United States and beyond. The Company’s visionary principals understood that this goal could only be accomplished with sound corporate infrastructure that would enable the Company to increase its asset base by acting decisively and quickly on acquisition opportunities while closely controlling assets already in the portfolio with effective site-management and fiscal control.

To this end, HSL Properties, Inc. formed HSL Management Services LLC in 1998 as an internal accounting company that closely monitors assets’ performance and ensures timely and effective financial reporting. HSL Properties also established the wholly owned subsidiary HSL Asset Management LLC as its internal property management company in January 2002.

HSL Properties’ commitment to the growth of its portfolio is exhibited through its current engagement in the acquisition of additional commerical properties in Tucson and throughout the southwest. The Company is also actively seeking opportunities in Phoenix, AZ, Albuquerque, NM and Austin, TX. As demonstrated by its exemplary financial performance over the past 30 years, and its ongoing commitment to resident satisfaction, capital improvement, and cost control, HSL Properties will continue to succeed in creating value one resident at a time.