AMERICAN RESIDENTIAL PPTYS I

CUSIP: 02927E303 Class: COM

Telos Capital Management, Inc.'s Holding History (CIK: 0001567889)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 14,815 Value ($000) $280 Avg Close — Range —
Q3 2015
Shares 14,680 Value ($000) $254 Avg Close — Range —
Q2 2015
Shares 14,625 Value ($000) $271 Avg Close — Range —
Q1 2015
Shares 14,760 Value ($000) $266 Avg Close — Range —
Q4 2014
Shares 14,870 Value ($000) $261 Avg Close — Range —
Q3 2014
Shares 18,795 Value ($000) $345 Avg Close — Range —
Q2 2014
Shares 18,795 Value ($000) $352 Avg Close — Range —
Q1 2014
Shares 18,725 Value ($000) $337 Avg Close — Range —
Q4 2013
Shares 17,825 Value ($000) $306 Avg Close — Range —
Q3 2013
Shares 22,805 Value ($000) $402 Avg Close — Range —
Q2 2013
Shares 18,880 Value ($000) $325 Avg Close — Range —