These assets have rental rates at a very attractive price point and have yielded strong historical growth due to their excellent location in major university markets. This portfolio meets our stringent investment criteria and fits well with our existing portfolio.

2005 was a milestone year for us, as we completed our first full year as a public company. Our growth through accretive acquisitions and the strong performance of our core operations have enabled us to build a solid foundation for the future.

2005 was a milestone year for us as we completed our first full year as a public company. Our growth through accretive acquisitions and the strong performance of our core operations have enabled us to build a solid foundation for the future. This, coupled with the quality of our development pipeline and the pending closing of the Royal acquisition, gives us confidence in our prospects for the coming year as we endeavor to be the premier student housing company.

It creates two classes of citizens: one who lives outside growth areas and those who live in a growth area. It's a distinction in class of citizens, which I objected to,

We're probably getting closer to overshooting. It's likely that it's going to start to impair economic growth.

Wireless should continue to contribute solid growth in the fourth quarter, but this growth is expected to be more than offset by weakness in the PC and PC peripherals markets.