Property: Property ABC

Period: 07/07/08 thru ###

MARKETING STATUS
APT. # OF OCC VACANT COVERED NOTICES COVERED NET TO % % % %
TYPE APT'S. APTS APTS VACANTSTO VACATENOTICES LEASE VACANT PHY OCC NTL TREND
1+1 54 49 5 1 2 1 5 9.3% 91% 9% 91%
2+2 72 61 11 7 1 0 5 15.3% 85% 7% 93%
3+2 10 8 2 1 1 1 1 20.0% 80% 10% 90%
TOTAL 136 118 18 9 4 2 11 13.2% 86.8% 8.1% 91.9%

COLLECTION STATUS
MARKET LTL LTL VACANT VACANT DELIQUENTDELIQUENT UD's
RENTS $ % $ % $ % IN PROCESS
$219,280 $16,345 7% $36,965 18.2% $18,630 9.2% 2

NET TO RENT RECONCILIATION

PREVIOUS NEW NEW NOTICES RENTALS NET NEW NTL
WEEK NET RENTALS NOTICES CANCELEDCANCELED DENIALS EVICTIONS SKIPS RENTALS NET %
8 3 1 0 4 0 0 1 -3 11 8.1%
TRUE TRUE TRUE

MARKETING RESPONSE
PHONE WALK-IN %
SOURCE CALLS TRAFFIC RENTALS RENTED
Drive By / Sign 2 1 0 0.00%
Resident Referral 0 0 0 #DIV/0!
Craigslist 5 4 3
Previous Resident 0 0 0 #DIV/0!
OAM 0 0 0 #DIV/0!
For Rent 1 0 0 #DIV/0!
Apartment Guide 0 0 0 #DIV/0!
Apartment Mag 0 0 0 #DIV/0!
VACANT UNIT STATUS
LA/OC Times 0 0 0 #DIV/0!
OC Register 0 0 0 #DIV/0!
Total Vacant 18
Local Paper 0 0 0 #DIV/0!
Yahoo Yellow Pages 0 0 0 #DIV/0!
Rent Ready 7
Rent.com 0 0 0 #DIV/0!
RentNet 0 0 0 #DIV/0!
% Rent Ready 38.9%
apartments.com 0 0 0 #DIV/0!
Other internet 0 0 0 #DIV/0!
In Progress 61.1%
TOTAL 8 5 3 60.00%

MARKETING RECAP
PHONE NUMBER PERCENT TOTAL TOTAL PERCENT Cancelled
EMPLOYEE CALLS OF APPT'S. APPT'S. SHOWINGS RENTALS CLOSING Rentals
Leasa 3 3 100.0% 3 2 66.7% 0
Jennifer 5 2 40.0% 2 1 50.0% 0
0 0 #DIV/0! 0 0 #DIV/0! 0
8 5 62.5% 5 3 60.0% 0
TRUE TRUE TRUE

COMMENTS
Concessions for this last weekend were $200 off on any vacant unit. Majority of traffic coming from craig's list and drive-by's. Craig's
list posted 3 x daily (vflyer, postlets + reg. posting). Curb appeal is excellent w/ exception of concrete work in frontage area, and fresh
balloons are out daily. New color in front of office and pool area is appealing. Balloons have increased traffic on drive-by's. Resident
referral flyers posted in cardio center and laundry rooms. We are also attaching resident referral flyers to copies of work orders left in
resident's apartments. Follow-up w/ prospects is done on daily basis to create urgency. Call backs to recent tours to inform of special
has been done. We are encouraging referrals from current residents, doing off-site marketing, targeting HOAG Hospital, CHOC Hospital,
local banks, traveling nurses companies, etc., and encouraging rentals from other properties.

Revised 04/24/07
Property:
Property ABC
Period: ### thru ###

NOTICES Walk in traffic - New Deposits/Move-in Dates

APT # NAME REASON NAME REASON
Show, drive-by, FOR#C103,
showed NOT RENTING
rented #C103, m/I
1 J104 Reiner Increase in rent 1 Sterling, S 07/20/08
Show, drive-by, showed #H204, rented #H204, m/I
2 2 Nadius, A. 07/19/08
Show, drive-by, showed #J106, rented #J106, m/I
3 3 Bryan, P. 07/12/08
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27

CANCELS DENIALS
NAME REASON NAME REASON
1 Sterling, S. Went to Villa Venetia; cheaper rent + w/d + a/c 1
2 Stewart, S. Found less expensive rent elsewhere 2
3 McQuillan, B. Found less expensve rent elsewhere 3
Went to Park Newport; cheaper rent and closer to
4 Alderson, M. job 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
Rent Capture Box Score
(Last 10 Move-ins)

Property: Property ABC

Current Month: Apr-08
First Full Month of Ops: Jun-07 May-08 May-09 May-10 May-11
IC Plan Month (Calc): 11
% Plan Increase this month: 0.0%

Box Score Lease Rent Capture

Prior New
Unit Unit Prior Move-out New Move-In Lease Lease Plan Rent Actual Plan Concession Plan Effective Effective Rent Gross Gross Effective Effective
# Type Turn Type Rent Date Resident Name Date Term Rent Rent Variance Concession Concession Variance Effective Rent Rent Variance $ % $ %
1 J106 2x2 rehab $1,560 04/30/08 Bryan 07/12/08 9 $1,720 $1,823 ($103) $300 $500 $200 $1,687 $1,781 ($95) $160 10% $127 8%
2 L103 2x2 rehab $1,675 06/06/08 Diaz 07/030/8 9 $1,650 $1,823 ($173) $300 $500 $200 $1,617 $1,781 ($165) ($25) -1% ($58) -3%
3 H105 2x2 rehab $1,435 05/11/08 Shebairo 07/01/08 9 $1,695 $1,823 ($128) $200 $500 $300 $1,673 $1,781 ($109) $260 18% $238 17%
4 E207 1x1 rehab $1,185 05/31/08 Hobbick 06/23/08 9 $1,265 $1,505 ($240) $0 $500 $500 $1,265 $1,463 ($198) $80 7% $80 7%
5 G107 1x1 rehab $1,185 12/04/07 Moghadam 06/20/08 9 $1,350 $1,505 ($155) $1,350 $500 ($850) $1,200 $1,463 ($263) $165 14% $15 1%
6 F105 2x2 rehab $1,675 04/30/08 Webb 06/190/8 11 $1,620 $1,823 ($203) $1,620 $500 ($1,120) $1,473 $1,781 ($309) ($55) -3% ($202) -12%
7 G205 2x2 rehab $1,405 12/31/07 Stone 06/190/8 9 $1,620 $1,823 ($203) $1,620 $500 ($1,120) $1,440 $1,781 ($341) $215 15% $35 2%
8 D104 2x2 rehab $1,675 02/20/08 Datu 06/09/08 11 $1,720 $1,823 ($103) $1,261 $500 ($761) $1,605 $1,781 ($176) $45 3% ($70) -4%
9 F208 1x1 rehab $1,215 04/01/08 Sipple 06/09/08 11 $1,420 $1,505 ($85) $500 $500 $0 $1,375 $1,463 ($89) $205 17% $160 13%
10 F102 1x1 rehab $1,215 12/15/07 Genchi 06/06/08 9 $1,395 $1,505 ($110) $500 $500 $0 $1,339 $1,463 ($124) $180 15% $124 10%
Total/Average: 10 $15,455 $16,958 ($1,503) $7,651 $5,000 ($2,651) $14,673 $16,541 ($1,868) $1,230 9% $448 3%
Per Unit: $1,546 $1,696 ($150) $765 $500 ($265) $1,467 $1,654 ($187) $123 9% $45 3%

Unit Mix/Rent Schedule - Reference Table Comments

IC Rents @ Start 6.00% 5.90% 4.90% 4.60%
# Unit Type Econ Rehab @ May-08 @ May-09 @ May-10 @ May-11
54 1+1 $1,270 $1,420 $1,505 $1,594 $1,672 $1,749
72 2+2 $1,560 $1,720 $1,823 $1,931 $2,025 $2,119
10 3+2 $2,080 $2,200 $2,332 $2,470 $2,591 $2,710

136 Totals: $201,700 $222,520 $235,871 $249,788 $262,027 $274,080

Average: $1,483 $1,636 $1,734 $1,837 $1,927 $2,015

* Only the yellow Cells need Input

For weekly report - Cut and Paste * PPC use only!

Unit Unit Lease Plan Rent Actual Plan Concessio

# Type Rent Rent Variance Concession Concession n Variance
J106 2x2 $1,720 $1,823 ($103) $300 $500 $200
L103 2x2 $1,650 $1,823 ($173) $300 $500 $200
H105 2x2 $1,695 $1,823 ($128) $200 $500 $300
E207 1x1 $1,265 $1,505 ($240) $0 $500 $500
G107 1x1 $1,350 $1,505 ($155) $1,350 $500 ($850)
F105 2x2 $1,620 $1,823 ($203) $1,620 $500 ($1,120)
G205 2x2 $1,620 $1,823 ($203) $1,620 $500 ($1,120)
D104 2x2 $1,720 $1,823 ($103) $1,261 $500 ($761)
F208 1x1 $1,420 $1,505 ($85) $500 $500 $0
F102 1x1 $1,395 $1,505 ($110) $500 $500 $0
Community Name Madison Newport
Total Unit Count 136
Current Number Occupied 118
Current Percent Occupied 86.76%

In Out # Occupied % Occupied

7/20/2008 1 1 118 86.76%

7/27/2008 0 2 116 85.29%

8/3/2008 4 0 120 88.24%

8/10/2008 0 2 118 86.76%

8/17/2008 6 0 124 91.18%

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