transforming  NOI 2004 2005  Prof orma* 8.7 % 3.5 % 5.5 % 1.3 % 14.1 % 11.2 % 5.8 % 2.6 % 0.8 % 4.4 % 1.2 % 2.6 % 2.8 % 12.8 % 13.9 % 2.7 % 6.2 % LOS ANGELES / ORANGE COUNTY SAN DIEGO / INLAND EMPIRE PHOENIX TUCSON LAS VEGAS TA MPA ORLANDO CHARL OTTE GREENSBORO ST . LOUIS  KANSAS CITY AUSTIN CORPUS CHRISTI  D ALLAS HOUST ON LO UISVILLE  DENVER With our expansion, we achieved single digit NOI concentr ation  in every Camden market. WASHINGT ON, D.C. SOUTHEAST FLORID A LOS ANGELES /  ORANGE COUNTY SAN DIEGO /  INLAND EMPIRE PHOENIX TUCSON LAS VEG AS TAMPA ORLANDO ATLANTA CHARLO TTE RALEIGH GREENSBORO ST. LOUIS KANSAS CITY AUSTIN CORPUS CHRISTI DALLAS HOUSTON L OUISVILLE DENVER PHILADELPHIA 9.8 % 6.3 % 7.0 % 2.8 % 2.9 % 1.0 % 8.2 % 6.8 % 4.5 % 6.5 % 6.7 % 3.8 % 0.6 % 3.2 % 0.9 % 1.9 % 2.2 % 8.8 % 8.7 % 1.9 % 4.6 % 0.9 % *2005 Proforma NOI after Summit merger, property sales and joint ventures.