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High up in the Sierras, 323 has an unparalleled view of lake Tahoe In 2006, Genesis partnered with <br />Behringer Harvard to develop an exclusive 49-unit condominium located in the midst of Heavenly <br />Vallcy Ski Resort, Nev. It look more than IS years to segue the entitlements to develop a whole-owned <br />condominium property. "Bne development is located on the ridge facing Lake Tahoe on one side and <br />Carson Valley on the other. Genesis secured the building permits and began constructing in the fall of <br />2007. <br />Due to the tight sub market in the Reno, Sacramento and surrounding East Bay area, Genesis was able <br />to reduce the cost of construction by using its national relationships with various subcontractors to <br />import a proven subcontractor front Dallas that had idle crews in the southeastern states. <br /> <br />75B-39