Maxus Realty Trust, Inc. ("MRTI")  elected to be taxed as a Real Estate Investment Trust ("REIT") for federal income tax purposes for the year ending December 31, 1985, and they have not revoked that election.  MRTI was incorporated under the laws of the state of Missouri on June 14, 1984 as Nooney Realty Trust, Inc.  A Real Estate Investment Trust, is a company that owns, and in most cases, operates income-producing real estate.  MRTI is a fully integrated real estate investment trust that is in the business of acquiring, investing, developing  and redeveloping multifamily and commercial properties   in  Missouri, Arkansas, Alabama, Kentucky, Oklahoma, Texas, Tennessee, Louisiana, Georgia, North Carolina, Mississippi, Florida and Kansas.   MRTI currently has ownership interests in 34 multifamily properties (8,635 apartment homes) and has 418,814 square feet of retail space.