| November, 2003 |
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| Has purchased the "B" piece tranche of the WBCMT 2003 - C9 pool of Commercial Mortgage-Backed Securities (secured by mortgages on U.S. properties), including loans originated by Wachovia Securities, Eurohypo AG and ABN AMRO Bank with an aggregate face value of: |
| $415,000,000 |
| The undersigned served as underwriter and financial advisor to Lennar Partners: |
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| 2749 NE 19th Street, Suite 600 Fort Lauderdale, Florida 33305 tel 954.567.4577 fax 954.567.4578 e-mail jwiberg@TriodeRA.com |
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