The purpose of this Confidential 1031 Exchange Opportunity is to provide a summary of a possible property exchange. This is not an offer to sell real estate and/or any type of security, partnership interest, public or otherwise.

INVESTMENT HIGHLIGHTS Triple Net Leases with 15 years remaining. Yearly Rental Escalations of 1.5%. BAE/Marisa has annual sales of over $70 million and shareholder's equity of over $24 million.

The contemplated exchange, if made available formally, would provide investors with the opportunity to acquire a partial interest in a 153,000 square foot office/manufacturing facility located in Warren, Michigan and a 120,000 square foot office/manufacturing facility located in Auburn Hills, Michigan. Both properties are 100% net leased to BAE Industries, a wholly owned subsidiary of Marisa Industries, a full service world-class provider of high quality, cost effective interior seat latch mechanisms to the automotive industry. Bradley Associates is purchasing these facilities and BAE Industries has recently signed two 15 year non-cancellable net leases, expiring in October, 2022. Marisa Industries has also signed a full parent guaranty for the lease and BAE has pledged a $1,000,000 security deposit in the form of a letter of credit.

Bradley Associates is offering both of these properties as a potential exchange as together they represent the size required for a tax-free exchange. These new properties combined have the required debt and equity needed to complete a proper exchange.

The Warren property is being acquired for $7,111,818. The Auburn Hills property is being acquired for $11,015,455. PPM Finance is providing first mortgage financing for these buildings in the amount of $4,500,000 for the Warren property and $7,000,000 for the Auburn Hills property. The 10-year mortgages have 25 year amortization periods and are both at a rate of 6.45%.

BAE Industries is a privately held company that was started in 1970 to provide metal stamped products and tooling to the automotive industry. It has also added wire EDM, CNC milling and lathe operations, robotic MIG, TIG and resistance welding as well as manual automated assembly. In 1998 BAE added seat latch mechanisms to its portfolio of products. BAE is listed as one of the largest Hispanic owned companies in Michigan and the nation and ships over seven million mechanisms annually all over the world and has become a leader in the seat latch industry. Additionally, the company provides contract manufacturing for metal stamping and welding, and mechanism assembly services within the automobile manufacturing industry. Products include cam and bolt assemblies, door check assemblies, seat frame assemblies, and hose attachment brackets.

BAE has become an industry leader by developing superior in-house capabilities and processes. These allow BAE to conceive, develop, prototype and produce complex metal assemblies such as: seat folding latches, seat recliners, cushion latches, floor latches, motor driven release and fold flat mechanisms, seat frames and commodity stampings.

Marisa Industries generated approximately $72.6 million in revenues for fiscal year 2006, which ended September 3, 2006 and had a earnings before taxes of over $8.1 million. Additionally, as of September 30, 2006, Marisa Industries had total assets of over $40.6 million and shareholder's equity of over $24.6 million.

More information regarding BAE and Marisa Industries may be found by visiting www.baeind.com and www.marisaind.com.