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Florida, from Babcock Co. (Babcock), a subsidiary of
Weyerhaeuser, for $3,020,700. For each condominium unit
covered by the rental purchase agreement, there is attached
to the agreement an exhibit B which identifies the unit,
its purchase price, and the monthly rent, and lists the
appliances and interior decorations that are included in
the purchase.
Paseos Castellanos was constructed in 1982. It con-
sists of eight two-story buildings, with 8 units in each
building for a total of 64 units. There is a garage for
each unit. In each building, there are two one-story units
on the second floor, over the garages; four two-story units
in the center of the building; and two one-story units on
the ground floor at the rear of the building.
The 39 units purchased by EA 83-XII are scattered
among seven of the buildings. Seven are one-story units on
the second floor, each with two bedrooms, 2-1/2 bathrooms,
and 968 square feet of living space; 13 are two-story units
in the center of the building, each with two bedrooms, 2-
1/2 bathrooms, and 1,240 square feet; 12 are two-story
units in the center of the building, each with three
bedrooms, 1-1/2 bathrooms, and 1,240 square feet; and the
remaining 7 are one-story units on the ground level, each
with three bedrooms, two bathrooms, and 1,090 square feet.
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