usa courtney downs april 2007

8/14/2019 USA Courtney Downs April 2007

1/59

USA Courtney Downs LeaseCo, LLCBalance Sheet

Books = AccrualApr 2007

SETS

61,251.310.00

ts 48,774.71$110,026.02

vable 17,944.59es 39,821.79

357,011.77eserves 68,630.43

Escrow 200,000.00sets 683,408.58

793,434.60

S & CAPITAL

le - Trade 28,723.55 Payable 782,153.37

450,480.438,717.77

ts 48,774.71(1,909.19)

1,316,940.64

100.00gs (523,606.04)

(523,506.04)

ES & CAPITAL 793,434.60


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USA Courtney Downs LeaseCo, LLC

Cash Flow (Actual + Budget)Books = Accrual

For the 12 Months Ending Dec 2007

Jan 2007 Feb 2007 Mar 2007 Apr 2007 May 2007 Jun 2007 Jul 2007 Aug 2007 Sep 2007 Oct 2007 Nov 2007 Dec 2007 12 Month $ / $ / Dec 2006 12 Month $ / $ /Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Total Unit Sq. Ft. Reforecast Total Unit Sq. Ft.

342 313,778 342 313,778

352,560 345,950 343,190 338,114 351,675 351,070 350,465 349,860 349,255 348,650 348,045 347,440 4,176,274 12,211.33 13.31 364,160 5,248,144 15,345.45 16.73(34,193) (31,453) (33,657) (26,399) (37,000) (40,000) (42,000) (42,000) (42,000) (42,000) (42,000) (42,000) (454,702) (1,329.54) (1.45) (43,000) (583,033) (1,704.78) (1.86)

(77,240) (77,177) (74,811) (68,736) (57,000) (59,743) (58,387) (54,989) (49,108) (46,826) (42,919) (39,555) (706,492) (2,065.77) (2.25) (80,000) (871,035) (2,546.89) (2.78)(5,251) (7,154) (5,738) (5,449) (5,211) (5,231) (5,235) (5,242) (5,252) (5,250) (5,253) (5,257) (65,523) (191.59) (0.21) (6,085) (82,310) (240.67) (0.26)

235,876 230,165 228,984 237,529 252,464 246,096 244,843 247,629 252,895 254,573 257,873 260,628 2,949,556 8,624.43 9.40 235,075 3,711,766 10,853.12 11.83

27,580 21,616 22,944 22,832 16,000 24,415 24,915 21,695 20,545 20,545 20,545 20,195 263,827 771.43 0.84 19,000 324,340 948.36 1.03

263,457 251,781 251,928 260,361 268,464 270,511 269,758 269,324 273,440 275,118 278,418 280,823 3,213,383 9,395.86 10.24 254,075 4,036,105 11,801.48 12.86

33,611 20,391 30,933 32,195 26,715 30,089 28,026 27,426 30,872 26,976 27,014 30,347 344,596 1,007.59 1.10 37,759 440,724 1,288.67 1.402,710 2,821 2,230 3,652 4,025 3,905 3,965 3,845 3,725 3,725 3,725 3,665 41,993 122.79 0.13 3,030 52,536 153.61 0.176,159 5,921 9,117 4,298 9,990 8,791 9,390 8,192 7,393 6,993 6,993 6,394 89,632 262.08 0.29 6,885 110,167 322.13 0.353,805 2,722 3,636 6,647 4,095 4,095 4,875 4,095 3,803 3,705 3,803 2,828 48,107 140.66 0.15 7,500 62,378 182.39 0.202,027 1,541 2,485 2,639 2,425 2,425 2,425 2,425 2,425 15,095 2,425 2,425 40,762 119.19 0.13 2,295 48,026 140.43 0.156,403 10,329 1,917 3,299 5,585 3,085 3,085 3,085 5,585 5,585 6,385 1,835 56,179 164.27 0.18 2,395 66,959 195.79 0.21

15,368 15,798 15,451 15,440 16,789 17,048 19,640 17,122 17,235 17,209 17,247 17,301 201,648 589.61 0.64 14,969 251,755 736.13 0.809,370 15,941 12,794 6,685 8,463 12,763 13,713 13,713 12,776 8,388 8,001 8,051 130,661 382.05 0.42 10,900 157,995 461.97 0.50

37,910 33,542 33,143 33,465 32,739 32,739 32,739 32,739 32,739 32,739 32,739 32,739 399,974 1,169.52 1.27 0 401,145 1,172.94 1.2837,237 37,237 108.88 0.12

117,362 109,007 111,705 108,319 110,826 114,941 117,860 112,644 116,553 120,416 108,332 105,585 1,353,551 3,957.75 4.31146,094 142,774 140,223 152,043 157,638 155,570 151,898 156,680 156,887 154,702 170,086 175,237 1,859,832 5,438.11 5.93 122,970 1,628,922 4,762.93 5.19

131,106 2,407,184 7,038.55 7.67193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 3,320 9.71 0.01

0 0 0 0 415 415 415 415 415 415 415 415 83,027 242.77 0.26 193,254 277,354 810.98 0.881,601 4,113 10,791 8,376 7,446 21,300 4,900 4,900 4,900 4,900 4,900 4,900 0 0.00 0.00 0 9,800 28.65 0.03

3,300 3,300 9.65 0.01(48,760) (54,592) (63,822) (49,586) (43,477) (59,398) (46,670) (41,888) (41,681) (43,867) (28,483) (23,331) 1,773,485 5,185.63 5.65

(65,449) 2,116,730 6,189.27 6.757,543 (3,489) 0 0 0 0 0 0 0 0 0 0 0

250,000 250,000

s 0 0 4,562 4,374 0 0 0 0 0 0 0 0 (8,155)(4,571) (717) 131,540 (134,406) 0 0 0 0 0 0 0 0 (2,293) 0 (2,293)(7,749) 3,588 6,328 (4,460) 0 0 0 0 0 0 0 0 (191,351) 0 (191,351)

(30,394) (34,568) (34,568) (34,822) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) 0 0 (14,250)(2,951) (2,951)

sets (42,714) (31,697) 107,861 (169,314) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (201,800) (2,951) (210,846)36,334 64,458 (135,734) 185,452 0 0 0 0 0 0 0 0 214,61841,830 25,859 110,449 36,480 0 0 0 0 0 0 0 0 (8,936) 0 (8,936)(1,829) (1,300) (1,433) (4,374) 0 0 0 0 0 0 0 0 (1,581) 0 (1,581)

0 (11,458) (5,571) 15,448 0 0 0 0 0 0 0 0 0 0 00 0

iab. 76,334 77,559 (32,289) 233,006 0 0 0 0 0 0 0 0 204,1010 (10,517)

(7,597) (12,219) 11,751 14,106 (50,602) (66,523) (53,795) (49,013) (48,806) (50,992) (35,608) (30,456) 1,775,786

47,614 35,395 47,146 61,251 10,650 (55,873) (109,669) (158,682) (207,488) (258,480) (294,087) (324,543) 181,601 2,145,367181,601

UnSq. Ft.

## 384807

ba 160 146,080

cas 356 384,807

ce 300 274,080

co 257 254,074

jac 247 221,730

lee 10 22,160

re 428 398,868

ric 5 24,952

par 300 305,832

pol 440 403,761

sat 440 548,750

sw 240 264,892

trai 280 286,056

vlg 120 108,276

wa 284 254,103we 12 48,309

wi 346 433,196

usa 280 299,111

usa 284 254,103

Feb 2007 Mar 2007 Apr 2007 May 2007 Jun 2007 Jul 2007 Aug 2007 Sep 2007 Oct 2007 Nov 2007 Dec 2007

Row 59 Row 60


3/59

es by 50%

+ reduction in tax escrow due to overage


4/59

USA Courtney Downs LeaseCo, LLCBudget Comparison

Books = AccrualFor the period ending April 30, 2007

MTD MTD YTD YTD AnnualActual Budget $ Variance TD Variance Comment Actual Budget $ Variance Budget

294,410.00 352,280.00 (57,870.00) 1,199,370.00 1,412,750.00 (213,380.00) 4,209,210.00

43,704.00 0.00 43,704.00 180,444.00 0.00 180,444.00 0.00

338,114.00 352,280.00 (14,166.00) 1,379,814.00 1,412,750.00 (32,936.00) 4,209,210.00

s 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

(26,399.09) (30,785.38) 4,386.29 (125,702.30) (113,260.42) (12,441.88) (325,479.64)

(4,012.70) (7,830.00) 3,817.30 (14,245.34) (20,880.00) 6,634.66 (59,160.00)

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

(528.67) (625.31) 96.64 (3,909.49) (2,511.16) (1,398.33) (7,841.82)(1,980.00) (1,625.00) (355.00) (7,920.00) (6,500.00) (1,420.00) (19,500.00)

0.00 0.00 0.00 0.00 0.00 0.00 0.00

(1,780.80) (2,050.00) 269.20 (7,123.20) (8,200.00) 1,076.80 (24,600.00)nce Fe 0.00 0.00 0.00 0.00 0.00 0.00 0.00(1,160.00) (900.00) (260.00) (4,640.00) (3,600.00) (1,040.00) (10,800.00)

(64,723.49) (58,967.45) (5,756.04) (283,718.60) (255,845.45) (27,873.15) (632,942.99)

ncome 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

$237,529.25 $249,496.86 $(11,967.61) $932,555.07 $1,001,952.97 $(69,397.90) $3,128,885.55

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 68.00 (68.00) 0.00 272.00 (272.00) 816.000.00 0.00 0.00 0.00 0.00 0.00 0.00

1,570.84 1,650.00 (79.16) 4,840.84 6,600.00 (1,759.16) 19,800.00460.00 200.00 260.00 2,716.29 800.00 1,916.29 2,400.00869.69 960.00 (90.31) 3,205.73 3,840.00 (634.27) 11,520.00

s 0.00 0.00 0.00 0.00 0.00 0.00 0.001,360.00 1,050.00 310.00 5,150.00 2,950.00 2,200.00 10,250.00

es (615.31) 1,000.00 (1,615.31) 2,824.43 4,000.00 (1,175.57) 12,000.00

605.21 1,160.00 (554.79) 2,840.41 4,640.00 (1,799.59) 13,920.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 3,488.53 0.00 3,488.53 0.003,568.57 2,456.00 1,112.57 12,471.96 9,824.00 2,647.96 29,472.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

6,654.00 6,650.00 4.00 26,684.14 26,600.00 84.14 79,800.000.00 0.00 0.00 0.00 0.00 0.00 0.00

1,117.00 1,006.00 111.00 4,570.00 4,024.00 546.00 12,072.00

per 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

1,262.50 90.00 1,172.50 Retained six deposits. 2,162.50 360.00 1,802.50 1,080.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

3,150.00 3,600.00 (450.00) 11,250.00 9,400.00 1,850.00 33,800.00

Variance due toconcessions no longerbeing offered, marketrents changed to reflectlower rents.

Variance due to thechanging the budget toreflect lower marketrents. This will continueto reduce over time aslast years concessionsdeplete.

Vacncy averaged 8%,budgeted 9%.

Current up front specialsis $350.00 off firstmonths rent, only withlook and lease.

Current market rent onthe model unit floorplan.

Variance due toconcessions no longerbeing offered, this willreduce over time.

Residents not paying atthe time of move-out,however all residentsare being turned over tothe collection agency.

Credit card conveniencefees collected as well asutility transfer fees.

Variance due to eightpet fees budgeted forand actual collectedwhere eleven.

Variance due tobudgeted for 24administration fees, andactual collected was 21.


5/59

2,369.53 5,550.00 (3,180.47) 12,103.99 15,540.00 (3,436.01) 48,840.00

460.00 450.00 10.00 663.57 1,500.00 (836.43) 3,600.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 425.00 (425.00) 0.00 1,700.00 (1,700.00) 5,100.000.00 (1,750.00) 1,750.00 0.00 (7,000.00) 7,000.00 (21,000.00)

0.00 0.00 0.00 0.00 0.00 0.00 0.00ns 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.0022,832.03 24,565.00 (1,732.97) 94,972.39 85,050.00 9,922.39 263,470.00

$260,361.28 $274,061.86 $(13,700.58) $1,027,527.46 $1,087,002.97 $(59,475.51) $3,392,355.55

11,113.54 12,013.16 899.62 44,791.64 48,052.64 3,261.00 147,761.88

0.00 0.00 0.00 0.00 0.00 0.00 0.0012,676.07 11,223.48 (1,452.59) 54,006.96 44,893.92 (9,113.04) 138,048.78

0.00 0.00 0.00 0.00 0.00 0.00 0.006,687.03 2,700.00 (3,987.03) 11,816.11 10,649.09 (1,167.02) 39,026.28

0.00 0.00 0.00 0.00 0.00 0.00 0.001,596.00 778.00 (818.00) 6,393.50 3,112.00 (3,281.50) 9,336.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

122.50 0.00 (122.50) 122.50 0.00 (122.50) 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

32,195.14 26,714.64 (5,480.50) 117,130.71 106,707.65 (10,423.06) 334,172.94

es 607.04 1,000.00 392.96 1,971.84 4,000.00 2,028.16 12,000.00

728.77 1,100.00 371.23 2,886.87 4,400.00 1,513.13 13,200.0069.00 100.00 31.00 379.06 400.00 20.94 1,200.00

287.38 170.00 (117.38) 944.93 680.00 (264.93) 2,040.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

s 0.00 90.00 90.00 0.00 360.00 360.00 1,080.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00438.27 115.00 (323.27) 1,412.79 460.00 (952.79) 1,380.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00248.32 25.00 (223.32) 385.44 100.00 (285.44) 300.00

0.00 25.00 25.00 0.00 100.00 100.00 300.00588.50 630.00 41.50 1,141.50 1,770.00 628.50 6,150.00684.31 650.00 (34.31) 2,290.40 2,600.00 309.60 7,800.00

0.00 0.00 0.00 0.00 0.00 0.00 0.003,651.59 3,905.00 253.41 11,412.83 14,870.00 3,457.17 45,450.00

3,516.42 2,600.00 (916.42) 15,828.51 15,700.00 (128.51) 36,900.00

226.30 798.00 571.70 1,682.73 3,192.00 1,509.27 9,576.00

555.00 2,603.16 2,048.16 5,383.39 6,797.14 1,413.75 24,440.78

0.00 2,790.00 2,790.00 No refferals at this time. 2,600.00 7,285.00 4,685.00 26,195.00

4,297.72 8,791.16 4,493.44 25,494.63 32,974.14 7,479.51 97,111.78

310.52 900.00 589.48 570.96 2,430.00 1,859.04 7,852.50

Variance due toapartments being left inbetter condition resultingin fewer fees charged.

Property maintains a twobedroom guest suite.

Includes payroll accrualthru 3/31.



Includes one pay periodaccrual.

Variance due to Dec

2006 expense.

Booking of January's,February's and Marchmileage riembursementfor associates.

Purchased marketingcollateral notanticipated. To be usedfor outside marketing

and resident retention.Includes printadvertising in local aptguide, also grocerystore ads.

Includes tow monthsbilling for monthlynewsletter.

Budgeted eight fees,actual reflects threefees.


6/59

3,440.00 250.00 (3,190.00) 9,345.00 1,000.00 (8,345.00) 3,000.00

2,431.00 3,000.00 569.00 5,666.00 8,100.00 2,434.00 26,175.00

295.50 100.00 (195.50) 659.83 400.00 (259.83) 1,200.000.00 0.00 0.00 0.00 0.00 0.00 0.00144.54 50.00 (94.54) 341.31 200.00 (141.31) 600.00

0.00 416.67 416.67 75.00 1,666.68 1,591.68 5,000.04

0.00 25.00 25.00 0.00 100.00 100.00 300.0024.95 133.33 108.38 151.15 533.32 382.17 1,599.96

6,646.51 4,875.00 (1,771.51) 16,809.25 14,430.00 (2,379.25) 45,727.50

pplies 980.13 700.00 (280.13) 2,261.19 2,800.00 538.81 8,400.000.00 100.00 100.00 1,039.72 400.00 (639.72) 1,200.00

43.26 140.00 96.74 336.25 560.00 223.75 5,055.000.00 150.00 150.00 0.00 600.00 600.00 1,800.000.00 0.00 0.00 270.00 0.00 (270.00) 0.00

362.09 450.00 87.91 596.58 1,800.00 1,203.42 5,400.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 160.00 160.00 500.48 640.00 139.52 1,920.00179.95 450.00 270.05 660.46 2,250.00 1,589.54 5,850.0073.56 75.00 1.44 149.87 300.00 150.13 900.00

0.00 25.00 25.00 355.34 100.00 (255.34) 300.001,000.00 1,000.00 0.00 1,045.40 1,000.00 (45.40) 2,000.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 175.00 175.00 1,476.52 700.00 (776.52) 10,395.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

2,638.99 3,425.00 786.01 8,691.81 11,150.00 2,458.19 43,220.00

2,500.00 2,500.00 0.00 2,500.00 2,500.00 0.00 30,000.00486.19 510.00 23.81 2,751.51 2,040.00 (711.51) 6,120.00100.00 75.24 (24.76) 325.00 300.96 (24.04) 902.88

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

212.50 500.00 287.50 16,370.42 3,800.00 (12,570.42) 5,850.003,298.69 3,585.24 286.55 21,946.93 8,640.96 (13,305.97) 42,872.88

0.00 0.00 0.00 0.00 0.00 0.00 0.00

ewer 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

s 0.00 0.00 0.00 0.00 0.00 0.00 0.00emov 0.00 0.00 0.00 0.00 0.00 0.00 0.00g Svcs 0.00 0.00 0.00 0.00 0.00 0.00 0.00ance 0.00 0.00 0.00 0.00 0.00 0.00 0.00ce 0.00 0.00 0.00 0.00 0.00 0.00 0.00

es 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

10,897.31 10,962.47 65.16 42,418.60 43,480.11 1,061.51 135,694.22

1,000.00 1,000.00 0.00 4,000.00 4,000.00 0.00 12,000.003,250.00 3,300.00 50.00 13,000.00 13,200.00 200.00 39,600.00

292.80 1,300.00 1,007.20 2,514.50 5,200.00 2,685.50 15,600.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 9.58 9.58 0.00 38.32 38.32 114.960.00 0.00 0.00 0.00 0.00 0.00 0.00

ses 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 123.71 0.00 (123.71) 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 2,624.00 2,624.00 5,124.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

15,440.11 16,572.05 1,131.94 62,056.81 68,542.43 6,485.62 208,133.18

2,993.46 3,340.00 346.54 10,202.09 13,360.00 3,157.91 40,080.00

We did not insert thecorrect budget number.Should be $2500.

Budgeted for 17 carpetcleans and actualcleaned 14.

No services needed thismonth.

Actual reflects twoevictions filed.

Usuage less thananticipated for bldgservices.


7/59

0.00 0.00 0.00 0.00 0.00 0.00 0.00

2,897.29 2,565.00 (332.29) 11,254.86 10,260.00 (994.86) 30,780.0010,962.30 8,965.00 (1,997.30) 57,770.11 35,860.00 (21,910.11) 107,580.00

Reimb (9,940.53) (6,275.50) 3,665.03 (31,994.00) (25,102.00) 6,892.00 (75,306.00)

22.26 500.00 477.74 22.26 500.00 477.74 23,500.00

ement 0.00 0.00 0.00 0.00 0.00 0.00 0.00(2,098.56) (2,011.00) 87.56 (10,467.48) (8,044.00) 2,423.48 (24,132.00)

ment 0.00 0.00 0.00 0.00 0.00 0 .00 0.001,849.21 887.94 (961.27) 4,701.70 3,266.76 (1,434.94) 9,387.78

0.00 591.96 591.96 3,301.28 2,177.84 (1,123.44) 6,258.52

as 0.00 0.00 0.00 0.00 0.00 0.00 0.006,685.43 8,563.40 1,877.97 44,790.82 32,278.60 (12,512.22) 118,148.30

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

27,873.21 27,616.50 (256.71) 115,693.82 110,466.00 (5,227.82) 331,398.00

0.00 0.00 0.00 0.00 0.00 0.00 0.005,591.36 5,073.00 (518.36) 22,365.52 20,292.00 (2,073.52) 60,876.00

0.00 49.88 49.88 0.00 199.52 199.52 598.560.00 0.00 0.00 0.00 0.00 0.00 0.00

33,464.57 32,739.38 (725.19) 138,059.34 130,957.52 (7,101.82) 392,872.56108,318.75 109,170.87 852.12 446,393.13 420,551.30 (25,841.83) 1,327,709.14152,042.53 164,890.99 (12,848.46) 581,134.33 666,451.67 (85,317.34) 2,064,646.41

ent 106,586.67 106,586.67 0.00 426,346.68 426,346.68 0.00 1,279,040.04ment 0.00 0.00 0.00 0.00 0.00 0.00 0.00

86,666.71 86,666.67 (0.04) 346,666.84 346,666.68 (0.16) 1,040,000.040.00 0.00 0.00 0.00 0.00 0.00 0.00

193,253.38 193,253.34 (0.04) 773,013.52 773,013.36 (0.16) 2,319,040.08

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 170.00 170.00 0.00 680.00 680.00 2,040.00

es 0.00 170.00 170.00 0.00 680.00 680.00 2,040.000.00 75.00 75.00 0.00 300.00 300.00 900.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 415.00 415.00 0.00 1,660.00 1,660.00 4,980.00

0.00 0.00 0.00 0.00 0.00 0.00 18,946.00

0.00 0.00 0.00 0.00 3,250.00 3,250.00 3,250.000.00 0.00 0.00 0.00 0.00 0.00 0.00

nt 6,547.82 4,900.00 (1,647.82) 20,386.39 19,600.00 (786.39) 58,800.00

0.00 0.00 0.00 585.06 600.00 14.94 600.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

s 1,827.74 0.00 (1,827.74) 3,909.53 3,713.00 (196.53) 3,713.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

8,375.56 4,900.00 (3,475.56) 24,880.98 27,163.00 2,282.02 85,309.00

Rate increase fromArapahoe Countyexceeded theanticipated 5%. Actualincrease was 20%.

Variance due toaggressive in housecollections on waterbills. Collected 90%.

Variance due to onlymeter two being turnedon.

Usuage was more thananticipated. Includesfinal bills.

Did not receive invoiceprior to ACME.

Based on actualexpense.

Replaced six carpetsthis month.

Repairs to the trashcompactor. Repairswere not anticipated.


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0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

(49,586.41) (33,677.35) (15,909.06) (216,760.17) (135,384.69) (81,375.48) (344,682.67)

0.00 0.00 0.00 4,054.35 0.00 4,054.35 0.00(49,586.41) (33,677.35) (15,909.06) (212,705.82) (135,384.69) (77,321.13) (344,682.67)


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Filter

0.01

###

###

###

0.000.00

###

###

0.000.00###

###

0.00

###0.00######

0.00

0.000.000.00###

1.000.00

340.000.00###

4,176.298,875.42

0.00###

7,209.12

9,245.62

0.003,488.53

###

0.000.000.000.00

###0.00###

0.000.00

3,875.00

0.000.000.00

###


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###

3,073.57

0.002,125.00

###

0.000.000.000.000.000.00

0.000.000.00

0.00###

1.00###

1.001.00###

0.00###

0.00###

0.00###

0.000.00

245.000.00

###1.00

7,578.88

9,115.64948.06

2,082.310.000.00

450.00

0.002,426.06

0.00758.76

125.004,130.006,224.71

0.00###

1.00

###

5,899.03

###

###

###1.00

4,211.48


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###

###

1,455.330.00735.85

2,158.35

125.00842.75

###1.00

6,741.321,539.72

1,079.51750.00270.00

3,208.670.00

1,300.483,540.41

598.43

480.344,045.40

0.00

2,351.520.000.000.00###

1.00

###5,787.70

801.20

0.000.00

0.000.00######

1.000.00

0.000.000.000.000.000.000.00

0.000.00

0.00###

######

9,307.30

0.000.00

47.900.000.000.00

123.71

0.000.002,624.00

0.000.00###

1.00###


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0.00

######

###

1,044.52

0.00###

0.00###

###

0.00###

1.00

0.000.000.000.000.000.000.000.000.00

0.000.000.00

0.000.000.000.00###

0.00###

249.400.00

#########

1.00###

0.00

###0.00

###1.000.00

0.000.000.000.000.00

850.00

850.00375.00

0.000.00

0.000.000.000.00

2,075.001.000.00

3,250.000.00###

1,185.060.000.000.00

9,450.27

0.000.00

###


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14/59

urrent Up Front Special?

invoice?

break twice in #3201, both invoices $250.25

s refund for?

otify the PUC of this HUGE increase. Oublic Utility Commission, it may be illegal for the big increase.

ing but how can we collect more than we billed out in trash, are they coding the resident paid fees for the billing service to this account as well?


15/59

ourtney Downs ApartmentsApr-07

21 INCOME THIS MONTH: $260,361.2817 INCOME LAST MONTH: $251,928.234 DIFFERENCE: 8433.05

TOTAL # GARAGES 120# GARAGES OCCUPIED 117

92.7%, 88.3% GARAGES OCCUPIED % 98%

REASONS WHY PROSPECTS DID NOT LEASE:

affic Leased

0 0 * Job Transfer 617 2 * Too expensive. 170 0 * Future/No Availability/Waiting list 00 0 * Just started looking. 1929 8 * Waiting for Home to Sell 70 0 * Current Lease to Expire 619 9 * Needs Ground Floor 57 1 * Moved Elsewhere 75 1 * Will return with roommate or spous 911 0 * Realtor Looking for Client 00 0 * Undecided 016 3 * Employment pending 00 0 * House sale pending 4

* Rented at Competitor 004 24 TOTALS 80

3%

FOR THE MONTH

ment for preferred employer program.idge Human Resources for new employees to the area.pital.for the month.

ricing and specials for the month of April .Direct TV Human Resources.with options of temporary housing for new home buyers.

chures to Nextel.res to Marriott extended stay hotels.er's to Ryland Homes team.Ford dealership.mond homes.

ERTIES:heavy concessions or discounted rents on selected units.e rents of $695, two bedrooms at $805and three bedrooms starting at $1110.$500.00 gift cards to local malls or a $500.00 flight voucher as well as prorating concessions on a 12 to 13 month lease

of April. Five are moving due to purchasing a home and/or condo.oosing their roommate, two are moving back home, two are moving closer to work.increase of $31.92 per renewal.

ged by weather conditions and we are currently getting bids to fix them.


16/59

room, AAA is in the process of repairing system.

ROUTINE REPLACEMENTS:

Number of: Apt. #

15 REFRIGERATORS 08 DISHWASHERS 07 WINDOWS 0

169 A/C COMPRESSORS 0

Completed 0 CONDENSING UNITS 022 22 WATER HEATERS 037 37 ICE MAKERS 015 15 GARBAGE DISPOSALS 023 23 MICROWAVES 0

65 65 CARPETS 70 0 CEILING FANS 07 7 TOILETS 00 0 A/C FAN MOTORS 0

169 169 COUNTER TOPS 00 CABINETS RESURFACED KITCHEN 0

0 BLINDS 27

TUBS RESURFACED 0TUB TILES 0

RESS:

TION:month as it is fading and peeling and is in need of a touch up.

cy Howlanddy Gillane McMillanca Branch

riel Tellezsell Bri leye Chavez and Jorge Bernal

NTH:

rking order.area and in the pots by the office, all other flowers are scheduled for planting this month.

NumberReplaced

4107, 6206, 10208, 12101, 14202,14201, 9212.

10105-1, 6202-4, 14201-4, 14202-7, 16106-2, 6206-1, 4308-1, 12307-2, 16108-2, 10205-2, 1201-1.


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TS SIZE TOTAL MKT RENT MKT RENT MONTHLY ANNUAL CONCESSION Vacants Notice

S/F PER UNIT PER S/F GROSS GROSS RENTS* PER UNIT GROSS

40 704 28,160 725 1.03 $29,000 $348,000 0.00 725.00 0.00 $- 0 1 6 1 4

32 704 22,528 725 1.22 $27,520 $330,240 0.00 55.00 0.00 0 0 0 0 0

18 910 16,380 850 1.03 $15,300 $183,600 0.00 850.00 0.00 $- 1 2 0 1 2

24 808 19,392 750 1.11 $18,000 $216,000 0.00 750.00 0.00 $- 0 0 4 3 1

32 808 25,856 750 1.14 $24,000 $288,000 0.00 750.00 0.00 $- 0 0 0 0 0

42 977 41,034 875 1.16 $36,750 $441,000 0.00 875.00 0.00 $- 5 2 5 1 13

44 1,030 45,320 900 1.12 $39,600 $475,200 0.00 900.00 0.00 $- 7 3 6 0 12

22 1,030 22,660 900 1.15 $19,800 $237,600 0.00 900.00 0.00 $- 0 0 0 0 0

24 977 23,448 875 1.18 $21,000 $252,000 0.00 875.00 0.00 $- 0 0 0 0 0

16 1,030 16,480 925 0.90 $14,800 $177,600 0.00 925.00 0.00 $- 2 0 2 0 5

20 1,030 20,600 925 0.90 $18,500 $222,000 0.00 925.00 0.00 $- 0 0 0 0 0

24 1,140 27,360 1150 1.01 $27,600 $331,200 0.00 1,150.00 0.00 $- 1 1 2 0 3

4 1,140 4,560 1150 1.01 $4,600 $55,200 0.00 1,150.00 0.00 $- 0 0 0 0 0

342 917 313,778 $867 $0.94 $296,470 $3,557,640 $- $833 0.00 $- 16 9 25 6 40

* Net of Concessions

EFFECTIVECONCESSION

EFFECTIVEPER S/F

EFFECTIVEMONTHLY

VacantsLeased

NoticeLeased

NetAvailable


18/59


19/59

MARKET SURVEY Courtney Downs

April-07

(Concessions reduced rates)

PROPERTY: Courtney Downs Apt Coyote Ranch Windsor at Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve@South Creek PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF

fficiency fficiencyB1B (A) 725 704 1.03 715 779 0.92 680 627 1.08 659 685 0.96 720 768 0.94 675 707 0.95 741 763 0.97B1B (B) 850 808 1.05 910 853 1.07 740 701 1.06 684 705 0.97 730 842 0.87 708 796

B1B w/study 750 910 0.82 840 811 0.91 709 760 0.96 895 992 729 916B B

B w/loft B1B w/study 820 956 0.86 809 1051 0.77B2B (E) 875 977 0.90 975 1105 0.88 920 1044 0.88 845 1120 0.75 885 1115 0.79 925 1033 0.90 965 1037 0.93

B2B (F) 900 1030 0.87 1120 1192 0.94 1060 1196 0.89 935 888 970 1220 0.80 975 1093 0.89B2B (G) 925 1030 0.90 1090 1180 0.92

B2B (H)B2B

B w/study B2B TH B2B TH

B2B 1,160 1140 1.02 1275 1398 0.91 1320 1330 0.99 1084 1230 0.88 1100 1356 0.81 1040 1235 0.84 1195 1257 0.95B2B

occ /leased 93 88.30% 91% 96.1 99.6 98% 0 0% 94 96.00% 94% 93.0 91 93% 94.7 97 94% 97.0 96 98%

Avg PSF 1 0.94 0.94 0.95 0.88 0.84 0.90 0.95Avg Rents 884 1114 994 808 883 1131 995

/ Avail) 342 40 507 18 653 216 20 312 13 360 43 0 168 4

ates Sepcial:Noneflect these rates1 Bd $725 1 BD $715 to $910 $680 1/1 $820 2/2 $1320 3/2 1 Bd $659 to $719 1 Bd $720 to $895 1 Bd $675 to $729

pecials: 2 Bd $875 2BD $975 to $1120 special was pulled off the inter 2 Bd $809 to $1046 2 Bd $885 to $970 2 Bd $925 to $9753 Bd $1160 3BD $1275 due to property will not give inf3BD $1084 to $1179 3 Bd $1100 3 Bd $1040

Ren: $25 to $50 increase. Ren:Per corporate

nits(Tot

Special: look and leasespecial $150 security depositwaived and $350 off firstmonths rent.

Special: Reduced pricingfor all floor plans.

Special:waive securitydeposit and $150.00 giftcard to any location.

Special: $400.00 off 1stmonth rent look and leasespecial.

Special: Up to 3 monthsfree on a 12 month lease.

Special: Discounts on allavailable rents.

Ren.: Keep all residents4% under all newresidents.

Ren: Info not avail percorporate

Ren: $30 increas for 12month lease

Ren: Average $10 to $25increase.

Ren: Free carpet cleaningwith 12mo.


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usa courtney downs april 2007

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