January 30, 2009

Exhibit 10.1.8

January 30, 2009

Xx. Xxxxxxx Xxxxxxx
Chief Financial Officer
Xxxxxxx Properties Residential, L.P.
000 Xxxxxxxxxx Xxxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000

Re: Lease Renewal Option for 000 Xxxxxxxxxx Xxxxxxx, Xxxxx 000

Dear Xxxxxxx:

Please accept this letter as the required notice of Tenant’s exercise of its final one (1) year option to extend the Lease dated March 27, 2006 by and between Xxxxxxx Properties Residential, L.P., a Georgia limited partnership (“Landlord”) and Xxxxxxx Properties, Inc., a Georgia corporation (“Tenant”) (the “Lease”).

We are exercising our option and we will abide by its terms that the Base Rent of the Extension Term shall not be less than the Base Rent at the expiration of the applicable Lease Term. Therefore, the rental rate will be $20.00 per sq. ft. and the Term shall be extended to December 31, 2009. Except as expressly stated herein, all other terms and conditions of the Lease shall remain in full force and effect.

However, it should be noted that the current office rental market is soft and new leases at 000 Xxxxxxxxxx Xxxxxxx will probably be in the $17.00 — $18.00 per square foot range. The effective rental rate will be even lower given the need to provide tenant build out work for any new leases. Based on the current market, our Base Rent of $20.00 per square foot is more than you could get from a replacement tenant.

I would appreciate your acknowledging the above terms and conditions and returning an executed copy of this Lease Extension to me.

Sincerely,		AGREED AND ACKNOWLEDGED:
		Xxxxxxx Properties Residential, L.P.
/s/ Xxxxxxx Xxxxxx		/s/ Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxx		Xxxxxxx Xxxxxxx, Chief Financial Officer
Chief Financial Officer		Xxxxxxx Realty Investors, Inc.,
		Sole General Partner

Xxxxxxx Properties, Inc. 000 Xxxxxxxxxx Xxxxxxx / Xxxxx 000 / Xxxxxxx, XX 00000 / (000) 000-0000 / Fax 000-0000