Cash Collateral Update -12-09-08

Effective December 7, 2008, all properties have approved cash collateral orders. What does this mean to you? It means that where the funds are available, we can begin paying expenses on the properties under the direction of the court. Please note that up until a cash collateral order was in place, DBSI was not able to use property funds for any purpose, including maintaining the property. This inability to use those funds may have resulted in late payments to certain vendors, and in some cases, interruption of services.