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7. Colony Park Apartments <br />8. Wa[nut Hill Apartments <br />9. Crestmoor Park West Apts <br />W. J'oseph Chamy <br />Paize 2 <br />Ownership implied ultimate responsibility for the management of Ehese <br />propezties. It also implies asset management, responsiveness to Rural <br />Development, Conventional Lenders, the Limited Paiiners, and <br />compliance monitoring to Texas Department of Housing and Community <br />Affairs. <br />Thxough Compass Point Develovment Company, Inc., a Texas chattered <br />Corporation, the above were constructed with Compass Point serving as <br />generaI contractor; since 1984, Prior experience including building over <br />60 houses ranging in size from 1350 s.f. to ovex 5,000 s.f. Commercial <br />development included construction of a small strip center and expansion <br />of an existing one as well as construction of our office building. <br />Valcrest Investments, Inc. a Texas Chartered Corporation, incoiporated on <br />June 13, 1995, has functioned as the Developer Entity and has in some <br />instances functioned in the dual capacity of Owner/Developer. <br />SumTex PartneFS, Inc., and WJ'C Investments, Inc. incoiporated in Texas, <br />functton as the General Partner Entity. <br />J.A.C. Inc. dba Integra-Peak Mana e~ ment, a wholly owned company, <br />adrninisters day to day operations of the complexes and fee manages fox• <br />outside clients as well. Extensive management experience in multi-family <br />area, particula.rly Section 42 properties compliance and monitox•ing. Real <br />Estate Brokerage involved the sale of several large scate properties to <br />nationwide investors. Represented John Hancack, Metropolitan Life and <br />several private sellers. Negotiated sale of in excess of 3,000 apartment <br />units in 1971 through 1976. <br />Education: University of Florida, 1964 <br />B.S. Electrical Eng►neering <br />B.S. Mathematics <br />68 Units Eastland, TX <br />24 Units, Baird, TX <br />60 Units, BurIeson,TX <br />Southern Methodist University <br />M.S. Engineering Administration <br />