The group's principal activity is to develop, acquire and manage real estate properties. the group has real estate investment in commercial and multi family properties, shopping centers, farms and luxury residences and provides limited extent of mortgage loans financing for real estate. on 01-jan-2001, the group acquired accord properties associates llc. at 31-12-2001, the group's portfolio consisted of 105 properties, including 76 apartment communities, eight office buildings, 11 retail buildings, one condominium conversion and eight tracts of land.