These words, spoken upon Nicholas S. Gouletas' induction into Chicago's Real Estate Hall of Fame, carry sentiments shared by many who credit AMERICAN INVSCO with the concept of converting rental properties into condominiums. Begun by the Gouletas family in 1969, AMERICAN INVSCO has since navigated the development of more than 30,000 condominiums in more than 40 markets throughout the United States, with total property values in excess of $4 billion.

Headquarted in Chicago, AMERICAN INVSCO has a history of providing quality city dwellings that Chicagoans have been proud to call home. From immaculate lakefront properties along the pristine Gold Coast to industrial chic lofts in the South and West Loop, AMERICAN INVSCO has to date converted more than 11,000 homes throughout Chicagoland.

AMERICAN INVSCO recently announced the purchase and conversion of The New York, located on 3.27 acres of prime lakefront property. With sales topping $60 million dollars in just over one month, The New York is already proving to be the most exciting conversion North Lake Shore Drive has seen in over a decade.

AMERICAN INVSCO continues its expansion into the new construction market by bringing Millennium Centre

to the heart of Chicago. This luxury skyscraper has quickly established itself as the fastest selling property in AMERICAN INVSCO history. After a one-night event, an astonishing 303 homes were sold at a value of $122 million, perhaps defining Millennium Centre as the most anticipated residential highrise in Chicago real estate history.

In February, 2000, AMERICAN INVSCO purchased the entire portfolio of loft buildings from the West Loop's then largest residential landlord for a price in excess of $70 million. The seven buildings, collectively known as Loftominium World, are currently 60% sold, with sales revenues approaching $60 million. With its ability to accommodate virtually every loft buyer in the city of Chicago, Loftominium World has defined AMERICAN INVSCO as the ultimate resource for loft living in Chicago.

On a national and international level, AMERICAN INVSCO continues to seek out opportunities both for transforming existing properties into refined living spaces, and for developing new construction. AMERICAN INVSCO's New Construction division prides itself on creating properties which combine superior value with

exceptional design. Current sites of new development include Chicago, Atlanta, Florida, and Argentina.

The same enterprising drive with which the Gouletas family founded AMERICAN INVSCO in 1969, can today be found in Nicholas S. Gouletas' sons-Steven E. Gouletas, President of New Construction and Nicholas V. Gouletas, President of Sales and Field Operations. Collectively, these two possess a successful mix of business and sales savvy that allows AMERICAN INVSCO developments to flourish throughout the country. From Steven's keen analytical approach to mapping areas ripe for new development, to Nick's masterful management of condominium marketing, the Gouletas brothers are poised to carry AMERICAN INVSCO to an even higher level of stature within the real estate industry.