Seven projects were completed in Q3 totaling 1,869 units, one in Chandler, two in Tempe, two in Gilbert,  one in Scottsdale and two in Phoenix.  YTD there have been 3,821 units completed.  There were 12 new apartment projects started (2,777u) in Q3, mostly in Phoenix, Scottsdale and Tempe.  There are now a total of 33 currently under construction representing 9,089 units.  This includes Optima’s 781 units at Sonoran Village.  Many of these projects have commenced pre-leasing.  There are also 61 additional projects in various stages from initial rezoning to final permitting – representing 14,148 units. Details of each project and a map showing the location of the current construction activity is posted on our web site under “Apartments’ – “Market Data”.