Capital Resources Corporation and International Capital Corporation are wholly owned by Robert W. Forloine. During the past 30 years Mr. Forloine has served as individual general partner for 68 investment partnerships and has acquired a portfolio of investment properties with a composite market value in excess of $800 million. The holdings include more than 13,000 apartment units and more than two million square feet of commercial space. Capital Resource Corporation and its affiliate, International Capital Corporation, were first incorporated as real estate investment, advisory and management firms specializing in the acquisition of to-be-developed and existing upper-scale apartment complexes throughout the United States. The properties were initially acquired with the investment objectives of tax-protected cash flow, capital appreciation and capital preservation. Since 2003 the firm has focused on the acquisition and conversion of luxury communities to condominiums.

In June 2004 Park North at Cheney Place, a luxury 304-unit, mid-rise apartment community located in uptown Orlando, was purchased for conversion to condominiums and sold out during the opening weekend. The Sanctuary at Imperial River Apartments in Bonita Springs, Florida was acquired for conversion to condominiums. The project was sold out during the first five months.