| BALCOR DEVELOPMENT COMPANY (P12930) | CPCD |
| COUNTRYWOOD PARTNERS, INC. (P37180) | DCP |
| JKP PARTNERS-II, INC. (P36650) | DCP |
| MARTIN'S LANDING PARTNERS, INC. (P37181) | DCP |
| OLD KINGS PARTNERS, INC. (F94000004010) | PCEO |
| PALM HARBOR PARTNERS, INC. (P39591) | CPCD |
| TIMBERLAKE PARTNERS, INC. (P37001) | PD |
| VILLA VERDE, INC. (F93000001521) | PD |
| AFFILIATED INTERIORS, INC. (P11894) | PD |
| BALCOR EQUITY PARTNERS-XIV, INC. (F93000005852) | CEO |
| BALCOR EQUITY PARTNERS-XVIII, INC. (F93000005853) | PD |
| BALCOR EQUITY PENSION INVESTORS, INC. (F93000003132) | PCEO |
| CARRIAGE CROSSINGS, INC. (P37002) | CEOP |
| CURRY FORD PARTNERS, INC. (P35802) | CEOP |
| GRD PARTNERS, INC. (P38863) | CEOP |
| GREENWALD PARTNERS, INC. (F93000002953) | CEOD |
| PEMBROKE PARTNERS, INC. (P37114) | PCEO |
| QUEENSMARK PARTNERS, INC. (P40302) | PD |
| BALCOR REALTY PARTNERS-VII, INC. (F93000004705) | CPCD |
| CONTINENTAL PARK PARTNERS, INC. (F94000003624) | CEOP |
| DEL LAGO INVESTORS PARTNERS, INC. (P37115) | CPD |
| AVIARY PARTNERS, INC. (P38777) | CDP |
| BALCOR COURTS AT KENDALL PARTNERS, INC. (F93000002156) | CPCD |
| BALCOR REAL ESTATE FINANCE INC. (P11776) | President |
| BALCOR REALTY PARTNERS-VIII, INC. (F95000000467) | PCEO |
| BUTLER PARTNERS, INC. (F94000006137) | PCEO |
| PARKWAY COMMERCE CENTER PARTNERS, INC. (P36887) | CEOP |
| TIMBER OF ILLINOIS, INC. (F93000003797) | CEOP |
| BALCOR PARTNERS-85 II, INC. (F93000003799) | PD |
| BALCOR PARTNERS-86, INC. (F93000003798) | PCEO |
| BALCOR REAL ESTATE HOLDINGS, INC. (P40659) | CDP |
| BALCOR REALTY PARTNERS, INC. (F93000002488) | CEOP |
| BALCOR REALTY PARTNERS-V, INC. (F94000001009) | PCEO |
| BALCOR STORAGE PARTNERS, INC. (F94000000109) | CEOD |
| FAIRVIEW VILLAS PARTNERS, INC. (P37179) | PCEO |
| GOLF COURSE TOWERS PARTNERS, INC. (P38078) | PCEO |
| HEATHER GLEN PARTNERS, INC. (P37719) | CEOP |
| LAKE SUN PARTNERS, INC. (P37028) | PCEO |
| NORMANDY NORWOOD PARTNERS, INC. (P36888) | CEO |
| THE BALCOR COMPANY (F93000002489) | PCEO |
