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in an issuer. If we fail to timely cure any noncompliance with the asset tests, we could cease to qualify as a REIT.
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U.S. federal income tax treatment of REITs and investments in REITs may change which may cause us to lose the tax benefits of operating as a REIT.
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The present U.S. federal income tax treatment of a REIT and an investment in a REIT may be modified by legislative, judicial or administrative action at any time. Revisions in U.S. federal income tax laws and interpretations of these laws could adversely affect us and the tax consequences of an investment in our securities.
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Item聽2.
Properties
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Our executive and administrative offices are located at 1833 Alton Parkway, Irvine, California 92606, and consist of approximately 127,718 square feet. The lease on this premise extends through December 31, 2010. Effective approximately June 1, 2005,real cheap jordans retro (http://www.amassdenver.com/), our corporate headquarters will increase by approximately 78,amassdenver.com (http://www.amassdenver.com/),127 square feet to a total of approximately 205,cheap jordan shoes (http://www.amassdenver.com/),845 square feet, pursuant to a lease that will terminate September 30,cheap jordans (http://www.onlineairjordan.com/), 2007. As of December 31, 2004, we also leased additional property in the following states and metropolitan areas ranging in size from approximately 200 to 30,000 square feet with original lease terms varying from month-to-month to five years: Arizona, California, Florida, Illinois, Minnesota, New Jersey, New York,cheap jordans (http://www.amassdenver.com/), Nevada, Ohio, Pennsylvania and Virginia.
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Item聽3.
Legal Proceedings
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Encore Credit has been involved, from time to time, in a variety of mortgage

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