USA Courtney Downs LeaseCo, LLC

Balance Sheet
Books = Accrual
Mar 2007

ASSETS

Cash
Operating Cash 47,145.70
Money Market 0.00
Security Deposits 53,148.71
Total Cash $100,294.41

OTHER ASSETS
Accounts Receivable (116,461.78)
Prepaid Expenses 35,362.01
Tax Escrow 329,314.67
Replacement Reserves 61,505.43
Capital / Repair Escrow 200,000.00
Total Other Assets 509,720.33

Total ASSETS 610,014.74

LIABILITIES & CAPITAL

LIABILITIES
Accounts Payable - Trade (63,850.73)
Other Accounts Payable 684,791.94
Accrued Taxes 422,861.43
Prepaid Rent 4,920.26
Security Deposits 53,148.71
Notes Payable (17,357.24)
Total Liabilities 1,084,514.37

CAPITAL

Owners Equity 100.00

Retained Earnings (474,599.63)
Total Capital (474,499.63)

Total LIABILITIES & CAPITAL 610,014.74

 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 $/ $/
Account Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Budget Total Unit Sq. Ft. Reforecast Total Unit Sq. Ft.
342 313,778 342 313,778
Revenue
Gross Potential Rent 352,560 345,950 343,190 352,280 351,675 351,070 350,465 349,860 349,255 348,650 348,045 347,440 4,190,440 12,252.75 13.35 364,160 5,262,351 15,386.99 16.77
- Vacancy (34,193) (31,453) (33,657) (42,000) (37,000) (40,000) (42,000) (42,000) (42,000) (42,000) (42,000) (42,000) (470,303) (1,375.16) (1.50) (43,000) (598,680) (1,750.53) (1.91)
- Concessions & Disc. (77,240) (77,177) (74,811) (66,797) (63,849) (59,743) (58,387) (54,989) (49,108) (46,826) (42,919) (39,555) (711,403) (2,080.12) (2.27) (80,000) (875,960) (2,561.29) (2.79)
- Other Write-offs & Adj. (5,251) (7,154) (5,738) (5,200) (5,211) (5,231) (5,235) (5,242) (5,252) (5,250) (5,253) (5,257) (65,274) (190.86) (0.21) (6,085) (82,060) (239.94) (0.26)
Total Rental Income 235,876 230,165 228,984 238,282 245,615 246,096 244,843 247,629 252,895 254,573 257,873 260,628 2,943,460 8,606.61 9.38 235,075 3,705,652 10,835.24 11.81

Other Income 27,580 21,616 22,944 20,000 25,565 24,415 24,915 21,695 20,545 20,545 20,545 20,195 270,560 791.11 0.86 19,000 331,092 968.11 1.06
Total Revenue 263,457 251,781 251,928 258,282 271,180 270,511 269,758 269,324 273,440 275,118 278,418 280,823 3,214,020 9,397.72 10.24 254,075 4,036,744 11,803.35 12.86

Operating Expenses
Salary Expense 33,611 20,391 30,933 26,715 26,715 30,089 28,026 27,426 30,872 26,976 27,014 30,347 339,116 991.57 1.08 37,759 435,228 1,272.60 1.39
Operating Expense 2,710 2,821 2,230 3,905 4,025 3,905 3,965 3,845 3,725 3,725 3,725 3,665 42,246 123.53 0.13 3,030 52,790 154.36 0.17
Advertising Expense 6,159 5,921 9,117 8,791 9,990 8,791 9,390 8,192 7,393 6,993 6,993 6,394 94,126 275.22 0.30 6,885 114,674 335.30 0.37
Make Ready Expense 3,805 2,722 4,216 4,875 4,095 4,095 4,875 4,095 3,803 3,705 3,803 2,828 46,915 137.18 0.15 7,500 61,183 178.90 0.19
Maintenance Expense 2,027 1,541 2,485 3,425 2,425 2,425 2,425 2,425 2,425 15,095 2,425 2,425 41,548 121.48 0.13 2,295 48,814 142.73 0.16
Service Expense 6,403 10,329 1,917 3,585 5,585 3,085 3,085 3,085 5,585 5,585 6,385 1,835 56,465 165.10 0.18 2,395 67,246 196.63 0.21
Administrative Expense 15,368 15,798 15,451 16,572 16,789 17,048 19,640 17,122 17,235 17,209 17,247 17,301 202,780 592.92 0.65 14,969 252,890 739.45 0.81
Utility Expense 9,370 15,941 12,794 8,563 8,463 12,763 13,713 13,713 12,776 8,388 8,001 8,051 132,538 387.54 0.42 10,900 159,878 467.48 0.51
Taxes & Insurance 37,910 33,542 33,143 32,739 32,739 32,739 32,739 32,739 32,739 32,739 32,739 32,739 399,249 1,167.40 1.27 0 400,418 1,170.81 1.28
37,237 37,237 108.88 0.12
Total Operating Exp. 117,362 109,007 112,285 109,171 110,826 114,941 117,860 112,644 116,553 120,416 108,332 105,585 1,354,983 3,961.94 4.32
Net Operating Income 146,094 142,774 139,643 149,111 160,354 155,570 151,898 156,680 156,887 154,702 170,086 175,237 1,859,037 5,435.78 5.92 122,970 1,630,358 4,767.13 5.20
131,106 2,406,386 7,036.22 7.67
Rent Expense 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,253 3,735 10.92 0.01
Partnership Expense 0 0 0 415 415 415 415 415 415 415 415 415 79,551 232.61 0.25 193,254 273,868 800.78 0.87
Capital Expense 1,601 4,113 10,791 4,900 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
Cash Flow Frm Operations (48,760) (54,592) (64,402) (49,457) (40,761) (59,398) (46,670) (41,888) (41,681) (43,867) (28,483) (23,331) 1,775,751 5,192.25 5.66
(65,449) 2,119,418 6,197.13 6.75
Rental Guarantees 7,543 (3,489) 0 0 0 0 0 0 0 0 0 0 0
250,000 250,000
Balance Sheet Adjustments
Cash - Non Operating Accounts 0 0 4,562 0 0 0 0 0 0 0 0 0 126,251
Accounts Receivable (4,571) (717) 131,540 0 0 0 0 0 0 0 0 0 2,166 0 2,166
Prepaid Assets (7,749) 3,588 6,328 0 0 0 0 0 0 0 0 0 (163,654) 0 (163,654)
Escrow Deposits (30,394) (34,568) (34,568) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) 0 0 (14,250)
(2,951) (2,951)
Cash Increase (Decreae) From Assets (42,714) (31,697) 107,861 (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (35,237)
(2,951) (178,689)
Accounts Payable 36,334 64,458 (135,154) 0 0 0 0 0 0 0 0 0 178,137
Accrued Expenses 41,830 25,859 110,449 0 0 0 0 0 0 0 0 0 (4,562) 0 (4,562)
Other Payables (1,829) (1,300) (1,433) 0 0 0 0 0 0 0 0 0 (17,029) 0 (17,029)
Mortgages Payable 0 (11,458) (5,571) 0 0 0 0 0 0 0 0 0 0 0 0
0 0
Cash Increase (Decrease) From Liab. 76,334 77,559 (31,709) 0 0 0 0 0 0 0 0 0 156,546
0 (21,591)

NET CASH FLOW (7,597) (12,219) 11,751 (56,582) (47,886) (66,523) (53,795) (49,013) (48,806) (50,992) (35,608) (30,456) 1,897,060
CUMM. NET CASH FLOW 47,614 35,395 47,146 (9,436) (57,322) (123,845) (177,640) (226,654) (275,460) (326,452) (362,059) (392,515) 181,601 2,169,138
55210.94 181,601

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$-

$(100,000)

$(200,000)

$(300,000)
Jan 2007 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

Units
Sq. Ft.
### 384807

bayclub2 160 146,080

castlep 356 384,807
cedar 300 274,080
congress 257 254,074
jackson 247 221,730
lee 10 22,160
rem 428 398,868
ric 5 24,952
parkside 300 305,832
polo 440 403,761
sat 440 548,750
sweet 240 264,892
trailapt 280 286,056
vlgcrest 120 108,276
walnut 284 254,103
westo 12 48,309
wind 346 433,196
usacourt 280 299,111
usawalcr 284 254,103
W30: administrator:
assume insurance increases by 50%

W47: administrator:
replacement reserve + reduction in tax escrow due to overage
 USA Courtney Downs LeaseCo, LLC
Budget Comparison
Books = Accrual
For the period ending March 31, 2007

MTD MTD YTD YTD Annual

Account Actual Budget $ Variance MTD Variance Comment Actual Budget $ Variance Budget
Revenue
Market Rent 294,410.00 352,885.00 (58,475.00) Variance due to no 904,960.00 1,060,470.00 (155,510.00) 4,209,210.00
longer offering any
concessions, market
rents changed to reflect
lower rents.
Loss / Gain to Lease 48,780.00 0.00 48,780.00 Variance due to the 136,740.00 0.00 136,740.00 0.00
changing budget to
reflect lower market
rents. This will continue
to reduce over time as
last years concessions
burn off.
Gross Potential Rent 343,190.00 352,885.00 (9,695.00) 1,041,700.00 1,060,470.00 (18,770.00) 4,209,210.00
Prepaid Homeowners Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Residential Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Vacancy Loss (33,656.91) (28,705.15) (4,951.76) Variance due to closing (99,303.21) (82,475.04) (16,828.17) (325,479.64)
out at 90.6% versus
budgeted for 91.3%.
Upfront Rent Concessions (5,199.86) (6,090.00) 890.14 Decreased the (10,232.64) (13,050.00) 2,817.36 (59,160.00)
concessions amounts
given away up front for
the month.
Corporate Discount 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Delinquent Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adjustments & W/O (997.25) (628.61) (368.64) (3,380.82) (1,885.85) (1,494.97) (7,841.82)
Model Units (1,980.00) (1,625.00) (355.00) Increased rents on (5,940.00) (4,875.00) (1,065.00) (19,500.00)
these unit types.
Courtesy Officer Apt. 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Employee Apartment (1,780.80) (2,050.00) 269.20 (5,342.40) (6,150.00) 807.60 (24,600.00)
Housekeeping & Maintenance Fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Guest Suite (979.86) (900.00) (79.86) (3,480.00) (2,700.00) (780.00) (10,800.00)
Lease Term Concessions (69,610.94) (62,071.00) (7,539.94) Concessions are no (218,995.11) (196,878.00) (22,117.11) (632,942.99)
longer being offered.
This will reduce over
time.
Homeowner's Assn Dues Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Homeowner Dues Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Model Units 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Lease Contract Difference 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Rental Income $228,984.38 $250,815.24 $(21,830.86) $695,025.82 $752,456.11 $(57,430.29) $3,128,885.55

Laundry Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Vending Income 0.00 68.00 (68.00) 0.00 204.00 (204.00) 816.00
Covered Parking Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Late Charges & NSF Fees 930.00 1,650.00 (720.00) More residents paid on 3,270.00 4,950.00 (1,680.00) 19,800.00
time resulting in fewer
late fees charged and
collected.
Month to Month Premium 771.29 200.00 571.29 2,256.29 600.00 1,656.29 2,400.00
Storage Fees 881.20 960.00 (78.80) 2,336.04 2,880.00 (543.96) 11,520.00
Repair & Maintenance Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Application Fees 1,850.00 850.00 1,000.00 17 application fees 3,790.00 1,900.00 1,890.00 10,250.00
budgeted for and 37
were collected.
Termination Fees & Damages 237.24 1,000.00 (762.76) Residents not paying at 3,439.74 3,000.00 439.74 12,000.00
the time of move-out,
however, they have
been turned over to the
collection agency.
Miscellaneous Income 1,265.70 1,160.00 105.70 2,235.20 3,480.00 (1,244.80) 13,920.00
Renters Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income 0.00 0.00 0.00 3,488.53 0.00 3,488.53 0.00
Pet Rents & Fees 3,005.30 2,456.00 549.30 Two more pets moved in 8,903.39 7,368.00 1,535.39 29,472.00
than budgeted for.
Tower Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Asset Management Fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Parking Spaces Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Homeowners Assessments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Garage Income 6,682.55 6,650.00 32.55 20,030.14 19,950.00 80.14 79,800.00
Water/Sewer Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cable/Telephone Income 1,151.00 1,006.00 145.00 3,453.00 3,018.00 435.00 12,072.00
HOA Contributions Developer 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Developer HOA Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Forfeited Deposits 0.00 90.00 (90.00) 900.00 270.00 630.00 1,080.00
Developer Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Thunder Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Administration Fee 3,750.00 2,800.00 950.00 19 admin fees were 8,100.00 5,800.00 2,300.00 33,800.00
budgeted for and 25
were collected.
Move-Out Charges 2,419.57 3,330.00 (910.43) Variance due to 9,734.46 9,990.00 (255.54) 48,840.00
apartments being left in
better condition resulting
in fewer fees charged.
 Short Term Lease Fees 0.00 450.00 (450.00) 203.57 1,050.00 (846.43) 3,600.00
Extra-Ordinary Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Corporate Rent 0.00 425.00 (425.00) 0.00 1,275.00 (1,275.00) 5,100.00
Corporate Units - expense 0.00 (1,750.00) 1,750.00 Property maintains a two 0.00 (5,250.00) 5,250.00 (21,000.00)
bedroom quest suite.

Deferred Revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00

HOA Developer Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Acquisition Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Rental 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - C.A.M. 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Condo Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Other Income 22,943.85 21,345.00 1,598.85 72,140.36 60,485.00 11,655.36 263,470.00

Total Revenue $251,928.23 $272,160.24 $(20,232.01) $767,166.18 $812,941.11 $(45,774.93) $3,392,355.55

Expense
Managers Salary 12,835.51 12,013.16 (822.35) Variance due to payroll 33,678.10 36,039.48 2,361.38 147,761.88
accrual for the months
of January and
February.
Salaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Maintenance Salary 14,429.73 11,223.48 (3,206.25) Variance due to payroll 41,330.89 33,670.44 (7,660.45) 138,048.78
accrual for the months
of January and
February.
Salary - Administrative 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Commissions & Bonus 1,768.20 5,774.09 4,005.89 Variance due to accrual 5,129.08 7,949.09 2,820.01 39,026.28
reversal for the months
of January and
February.
Payroll Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Group Insurance 1,900.00 778.00 (1,122.00) Includes accrual of two 4,797.50 2,334.00 (2,463.50) 9,336.00
pay periods.
Disability Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
401k Match 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contract Labor 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Workers Comp 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Salary Expense 30,933.44 29,788.73 (1,144.71) 84,935.57 79,993.01 (4,942.56) 334,172.94

Office Operations & Supplies 219.86 1,000.00 780.14 Savings due to 1,364.80 3,000.00 1,635.20 12,000.00
purchasing fewer office
supplies this month.
Telephones 685.89 1,100.00 414.11 2,158.10 3,300.00 1,141.90 13,200.00
Answering Svc. & Pagers 69.00 100.00 31.00 310.06 300.00 (10.06) 1,200.00
Postage & Delivery 43.25 170.00 126.75 657.55 510.00 (147.55) 2,040.00
Patrol Services 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Membership Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Publications & Subscriptions 0.00 90.00 90.00 0.00 270.00 270.00 1,080.00
Conventions/Seminars 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Employee Training 457.57 115.00 (342.57) Includes two apat 974.52 345.00 (629.52) 1,380.00
association functions.
Furniture Rental 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Car Expenses 125.49 25.00 (100.49) 137.12 75.00 (62.12) 300.00
Permits & Fees 0.00 25.00 25.00 0.00 75.00 75.00 300.00
Credit Checks 0.00 510.00 510.00 No invoice received prior 553.00 1,140.00 587.00 6,150.00
to ACME.
Guest Suite Expense 628.79 650.00 21.21 1,606.09 1,950.00 343.91 7,800.00
Parking Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expense 2,229.85 3,785.00 1,555.15 7,761.24 10,965.00 3,203.76 45,450.00

Advertising & Promotions 5,925.02 3,000.00 (2,925.02) Variance due to rolling 12,312.09 13,100.00 787.91 36,900.00
advertising at King
Supers and ordering of
marketing materials as
well as brochures. YTD
is within budget.
Resident Promotions 836.09 798.00 (38.09) 1,456.43 2,394.00 937.57 9,576.00
Locators 1,855.75 2,024.68 168.93 4,828.39 4,193.98 (634.41) 24,440.78
Resident Referrals 500.00 2,170.00 1,670.00 Five referrals budgeted 2,600.00 4,495.00 1,895.00 26,195.00
and we received one.
Total Advertising Expense 9,116.86 7,992.68 (1,124.18) 21,196.91 24,182.98 2,986.07 97,111.78

Paint & Drywall 221.19 720.00 498.81 260.44 1,530.00 1,269.56 7,852.50
 Contract Cleaning Svcs. 2,400.00 250.00 (2,150.00) Variance due to budget 6,485.00 750.00 (5,735.00) 3,000.00
error.
Carpet Cleaning & Repairs 1,220.00 2,400.00 1,180.00 Budgeted for 12 cleans 3,235.00 5,100.00 1,865.00 26,175.00
and completed eight for
the month.
Window Coverings 248.68 100.00 (148.68) 364.33 300.00 (64.33) 1,200.00
Vinyl & Tile Repairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Lock & Keys 0.00 50.00 50.00 196.77 150.00 (46.77) 600.00
Counter & Tub Resurfacing 0.00 416.67 416.67 No repairs needed this 75.00 1,250.01 1,175.01 5,000.04
month.
Other Redecorating 0.00 25.00 25.00 0.00 75.00 75.00 300.00
Cleaning Supplies 126.20 133.33 7.13 126.20 399.99 273.79 1,599.96
Total Make Ready Expense 4,216.07 4,095.00 (121.07) 10,742.74 9,555.00 (1,187.74) 45,727.50

General Maintenance & Supplies 738.00 700.00 (38.00) 1,281.06 2,100.00 818.94 8,400.00
HVAC Parts & Repairs 190.00 100.00 (90.00) 1,039.72 300.00 (739.72) 1,200.00
Plumbing Parts & Repairs 2.25 140.00 137.75 292.99 420.00 127.01 5,055.00
Electric Parts & Repairs 0.00 150.00 150.00 0.00 450.00 450.00 1,800.00
Roof & Gutter Repairs 0.00 0.00 0.00 270.00 0.00 (270.00) 0.00
Pools & Fountains 234.49 450.00 215.51 234.49 1,350.00 1,115.51 5,400.00
Gates & Entrances 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Glass & Screens 500.48 160.00 (340.48) Replaced glass in two 500.48 480.00 (20.48) 1,920.00
units.
Appliance Parts & Repairs 261.71 450.00 188.29 480.51 1,800.00 1,319.49 5,850.00
Hardware 64.38 75.00 10.62 76.31 225.00 148.69 900.00
Exterior Painting 0.00 25.00 25.00 355.34 75.00 (280.34) 300.00
Uniforms 0.00 0.00 0.00 45.40 0.00 (45.40) 2,000.00
Elevator Service & Repairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Security & Fire Systems 493.56 175.00 (318.56) Repaired a ground fault 1,476.52 525.00 (951.52) 10,395.00
wire in bldg 17.
Uninsured Losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locks & Keys 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bulbs & Ballasts 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Maintenance Expense 2,484.87 2,425.00 (59.87) 6,052.82 7,725.00 1,672.18 43,220.00

Landscape & Grounds 0.00 0.00 0.00 0.00 0.00 0.00 30,000.00
Trash Removal 638.20 510.00 (128.20) 2,265.32 1,530.00 (735.32) 6,120.00
Pest Control 75.00 75.24 0.24 225.00 225.72 0.72 902.88
Security Patrols 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Window Cleaning Svc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interior Cleaning Svc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cable Television 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Snow Removal 1,203.44 800.00 (403.44) More removal than 16,157.92 3,300.00 (12,857.92) 5,850.00
anticipated. We plow at
two inches. Purchased a
jck jammer for ice and
ice melt.
Total Service Expense 1,916.64 1,385.24 (531.40) 18,648.24 5,055.72 (13,592.52) 42,872.88

Expenses - CAM - Electric 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Water/Sewer 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Grounds 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Trash Removal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Cleaning Svcs 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - R/E Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total CAM Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Management Fees 10,527.08 10,886.41 359.33 Based on 4% of 31,521.29 32,517.64 996.35 135,694.22
collections.
Asset Management Fees 1,000.00 1,000.00 0.00 3,000.00 3,000.00 0.00 12,000.00
Investor Administration Fee 3,250.00 3,300.00 50.00 9,750.00 9,900.00 150.00 39,600.00
Legal Fees 673.90 1,300.00 626.10 Seven eviction fees 2,221.70 3,900.00 1,678.30 15,600.00
budgeted for and four
were actually filled.
Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Postage & Delivery 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Charges 0.00 9.58 9.58 0.00 28.74 28.74 114.96
Partnership Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Administrative Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Travel Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Employee Activities 0.00 0.00 0.00 123.71 0.00 (123.71) 0.00
Printing 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Computer Consulting 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Computer Expense 0.00 0.00 0.00 0.00 2,624.00 2,624.00 5,124.00
Bank Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Development Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Admin. Expense 15,450.98 16,495.99 1,045.01 46,616.70 51,970.38 5,353.68 208,133.18

Electricity 1,424.84 3,340.00 1,915.16 Includes a refund from 7,208.63 10,020.00 2,811.37 40,080.00
IREA in the amount of
$1944.00
 Electricity Gas - Resident 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Natural Gas 1,709.12 2,565.00 855.88 Includes an adjustment 8,357.57 7,695.00 (662.57) 30,780.00
from prior month
accrual. Actual was
$2200.
Water & Sewer 19,316.93 8,965.00 (10,351.93) Arapahoe County had a 46,807.81 26,895.00 (19,912.81) 107,580.00
75% increase in
water/sewer fees. We
have notified the PUC of
the large increase.
Budget anticipated a 3%
increase.
Water & Sewer - Resident Reimb (8,123.38) (6,275.50) 1,847.88 Variance due to (22,053.47) (18,826.50) 3,226.97 (75,306.00)
aggressive in house
collections on water
bills.
Water - irrigation 0.00 0.00 0.00 0.00 0.00 0.00 23,500.00
Electric - Tenant Reimbursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Trash Reimbursement (3,665.24) (2,011.00) 1,654.24 Collecting $10.94 per (8,368.92) (6,033.00) 2,335.92 (24,132.00)
door on the average.
Water - Tenant Reimbursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Utility -Vacant Electric 1,141.59 827.94 (313.65) Vacancy higher than 2,852.49 2,378.82 (473.67) 9,387.78
budgeted.
Utility - Vacant Gas 990.03 551.96 (438.07) Vacancy higher than 3,301.28 1,585.88 (1,715.40) 6,258.52
budgeted.
Tenant Reimbursement - Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Utility Expense 12,793.89 7,963.40 (4,830.49) 38,105.39 23,715.20 (14,390.19) 118,148.30

Management Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Management Fees-MRLL 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Property Legal Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Credit Card Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Adjustments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Late Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00
HOA Assessment Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fiduciary Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Custodial Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Thunder Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Management Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Property Taxes 27,364.79 27,616.50 251.71 Includes invoice from 87,820.61 82,849.50 (4,971.11) 331,398.00
Essex.
Franchise Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Insurance 5,777.74 5,073.00 (704.74) Based on actual 16,774.16 15,219.00 (1,555.16) 60,876.00
expense.
Tax Consultants 0.00 49.88 49.88 0.00 149.64 149.64 598.56
MIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Taxes & Insurance 33,142.53 32,739.38 (403.15) 104,594.77 98,218.14 (6,376.63) 392,872.56
Total Operating Expenses 112,285.13 106,670.42 (5,614.71) 338,654.38 311,380.43 (27,273.95) 1,327,709.14
NET OPERATING INCOME 139,643.10 165,489.82 (25,846.72) 428,511.80 501,560.68 (73,048.88) 2,064,646.41

Base Rent - Interest Payment 106,586.67 106,586.67 0.00 319,760.01 319,760.01 0.00 1,279,040.04
Base Rent - Principal Payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Stated Rent 86,666.71 86,666.67 (0.04) 260,000.13 260,000.01 (0.12) 1,040,000.04
Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Rent Expense 193,253.38 193,253.34 (0.04) 579,760.14 579,760.02 (0.12) 2,319,040.08

Mortgage Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Loan Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Debt Service 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Partnership Legal Fees 0.00 170.00 170.00 0.00 510.00 510.00 2,040.00
Partnership Accounting Fees 0.00 170.00 170.00 0.00 510.00 510.00 2,040.00
Partnership Travel 0.00 75.00 75.00 0.00 225.00 225.00 900.00
Partnership - Meals 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Partnership Fees - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Partnership Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Due Diligence Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dead Deal Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Partnership Exp- Leaseup Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Partnership Expense 0.00 415.00 415.00 0.00 1,245.00 1,245.00 4,980.00

Exterior Rehab 0.00 0.00 0.00 0.00 0.00 0.00 18,946.00

Interior Rehab 0.00 0.00 0.00 0.00 3,250.00 3,250.00 3,250.00
HVAC Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Carpet & Floor Replacement 10,791.29 4,900.00 (5,891.29) Replaced ten carpets 13,838.57 14,700.00 861.43 58,800.00
this month due to age
and pet damage. YTD
within budget.
Refrigerators 0.00 0.00 0.00 585.06 600.00 14.94 600.00
Dishwashers & Ranges 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Washers / Dryers 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fire Alarm Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Capital Improvements 0.00 0.00 0.00 2,081.79 3,713.00 1,631.21 3,713.00
Boiler Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Roof Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Capital Expenses 10,791.29 4,900.00 (5,891.29) 16,505.42 22,263.00 5,757.58 85,309.00
 Casualty Losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Casualty Recovery 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Casualty Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NET INCOME (LOSS) (64,401.57) (33,078.52) (31,323.05) (167,753.76) (101,707.34) (66,046.42) (344,682.67)

Rental Guarantee 0.00 0.00 0.00 4,054.35 0.00 4,054.35 0.00

(64,401.57) (33,078.52) (31,323.05) (163,699.41) (101,707.34) (61,992.07) (344,682.67)
YTD Variance Comment Filter
0.01
###

###

###
0.00
0.00
###

###

0.00
0.00
###
###

0.00
###
0.00
###
###

0.00
0.00
0.00
0.00
###
1.00
0.00
272.00
0.00
###

3,827.58
7,057.24
0.00
8,390.00

7,676.98

8,140.90
0.00
3,488.53
###

0.00
0.00
0.00
0.00
###
0.00
8,628.00
0.00
0.00
1,260.00
0.00
0.00
0.00
###

###
1,703.57
0.00
1,700.00
###

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
###
1.00
###
1.00
1.00
###

0.00
###

0.00
###

0.00
9,809.50

0.00
0.00
0.00
0.00
###
1.00
5,584.66

7,243.99
779.06
1,380.80
0.00
0.00
360.00
0.00
1,892.09

0.00
362.61
100.00
2,203.00

4,834.88
0.00
###
1.00
###

5,484.52
###
9,765.00

###
1.00
2,731.63
9,885.00

###

1,013.01
0.00
396.77
1,741.68

100.00
785.72
###
1.00
4,819.06
1,629.72
855.24
600.00
270.00
2,268.98
0.00
1,640.96

2,992.22
440.69
455.34
45.40
0.00
2,670.08

0.00
0.00
0.00
###
1.00
0.00
4,943.52
600.96
0.00
0.00
0.00
0.00
###

###
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
###

8,000.00
###
8,095.60

0.00
0.00
38.32
0.00
0.00
0.00
123.71
0.00
0.00
2,624.00
0.00
0.00
###
1.00
###
 0.00
###

###

###

0.00
0.00
###

0.00
7,200.84

###

0.00
###
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
###

0.00
###

199.52
0.00
###
###
###
1.00
###
0.00
###
0.00
###
1.00
0.00
0.00
0.00
0.00
0.00
0.00
680.00
680.00
300.00
0.00
0.00
0.00
0.00
0.00
0.00
1,660.00
1.00
0.00
3,250.00
0.00
###

1,185.06
0.00
0.00
0.00
5,794.79
0.00
0.00
###
 1.00
0.00
0.00
0.00
###
1.00
4,054.35
1.00
 Courtney Downs Apartments
Mar-07
LEASING & OCCUPANCY

NUMBER OF MOVE INS: 18 INCOME THIS MONTH: $251,928.23

NUMBER OF MOVE OUTS: 14 INCOME LAST MONTH: $251,781.40
NET FOR THE MONTH: 4 DIFFERENCE: 146.83

TOTAL # GARAGES 120

# GARAGES OCCUPIED 117
OCCUPIED/LEASED %: 91.5%, 86.3% GARAGES OCCUPIED % 98%

SOURCE OF TRAFFIC: REASONS WHY PROSPECTS DID NOT LEASE:

Traffic Leased
APTGUIDE.COM 0 * Job Transfer 4
APARTMENT GUIDE 17 * Too expensive. 18
YELLOW PAGES 0 * Future/No Availability/Waiting list 0
OTHER. NET 0 3 * Just started looking. 24
BLUE BOOK 45 * Waiting for Home to Sell 9
RENT.NET 0 2 * Current Lease to Expire 4
LIVES IN AREA 37 8 * Needs Ground Floor 6
RESIDENT REFERRAL 9 4 * Moved Elsewhere 8
LOCATORS 5 1 * Will return with roommate or spouse 11
RENT.COM 4 * Realtor Looking for Client 0
WALK-IN 0 1 * Undecided 0
SIGNAGE 0 5 * Employment pending 0
WORD OF MOUTH 0 1 * House sale pending 4
* Rented at Competitor 15
TOTALS 117 25 TOTALS 103

CLOSING RATIO: 33%

MARKETING ACTIVITIES & SOURCES FOR THE MONTH

* Took brochures to Direct TV for preferred employer program.

* Took flyers and brochures to Comcast Human Resources.
* Took flyers to Parker Adventist Hospital.
* Took locators lunch and new prices for the month.
* Updated all internet ads with new pricing and specials for the month of December .
* Brochures and lunch were taken to Prudential real estate.
* Met with David Weekly sales team with options of temporary housing for new home buyers.
* Dropped off cookie basket and brochures to Morrison Homes.
* Dropped off doughnuts and brochures to Marriott extended stay hotels.
* Took cookie and candy bag with flyer's to Ryland Homes team.
* Took lunch and brochures to Beazer Homes for short term leasing.
* Took cookie and candy bag to Richmond homes.
OVERVIEW OF COMPARABLE PROPERTIES:
The surrounding comps are still offering discounted rents on selected units.
This translates into one bedroom effective rents of $625, two bedrooms at $795and three bedrooms starting at $1035.
Look and leases are being locked in with $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
with most of our competitors.
RESIDENT RETENTION:
We had 25 leases expiring in the month of March. 4 are moving due to buying and/or renting houses, 2 are moving out of state,
3 are moving due to relocating, 1 getting married, 1 is going MTM, 1 did not want increase, 1 was upset with the rules and 3- did not get back to us.
Overall our 9 renewals had an average increase of $40 per renewal.

INCIDENTS ON THE PROPERTY:

Compactor gates were hit by trash pick up driver and destroyed.
MAINTENANCE: ROUTINE REPLACEMENTS:
Number
Number of: Replaced Apt. #
MARKET READY UNITS 18 REFRIGERATORS 0
COMPLETE PAINTS 8 DISHWASHERS 0
TOUCH UPS 10 WINDOWS 0
WORK ORDERS 137 A/C COMPRESSORS 0
Pending Completed 0 CONDENSING UNITS 0
Misc 0 4 4 WATER HEATERS 0
Electrical 0 13 13 ICE MAKERS 0
Punch 0 18 18 GARBAGE DISPOSALS 0
HVAC 0 6 6 MICROWAVES 0
12106, 12210, 2304, 7205, 6208,
Plumbing 0 68 68 CARPETS 9 10303, 10103, 4207, 6308.
Property Ext. 0 7 7 CEILING FANS 0
Appliances 0 15 15 TOILETS 0
Safety 0 6 6 A/C FAN MOTORS 0
Total 0 137 137 COUNTER TOPS 0
ROOF LEAKS 0 CABINETS RESURFACED KITCHEN 0
10105-1, 6202-4, 12106-2, 10210-
1, 7112-3, 10103-1, 10209-1, 2202-
PLUMBING LEAKS 0 BLINDS 18 2, 6109-1, 4207-1, 6308-1.
TUBS RESURFACED 0
TUB TILES 0

CAPITAL IMPROVEMENTS IN PROGRESS:

N/A

PROBLEM AREAS NEEDING ATTENTION:

Parking lot areas are cracking and have lots of potholes.
Sidewalks needing repair.

CURRENT STAFF:

Manager Nancy Howland

Assistant Manager Wendy Gillan
Leasing Consultant Carrie McMillan
Leasing Consultant Jessica Branch
Maintenance Supervisor Gabriel Tellez
Assistant Maintenance Russell Briley
Maintenance/ Grounds Jorge Chavez and Jorge Bernal

ACCOMPLISHMENTS FOR THE MONTH:

Restripped front parking lot area.
Dumpster gates repaired.
Spring flowers ordered.
Courtney Downs
RENTAL SCHEDULE
March 2007

EFFECTIVE EFFECTIVE EFFECTIVE Vacants Notice Net

UNIT TYPE #UNITS SIZE TOTAL MKT RENT MKT RENT MONTHLY ANNUAL CONCESSION CONCESSION PER S/F MONTHLY Vacants Leased Notice Leased Available
S/F PER UNIT PER S/F GROSS GROSS RENTS* PER UNIT GROSS
A1 1BR 40 704 28,160 725 1.03 $29,000 $348,000 0.00 725.00 0.00 $- 0 0 1 1 0
A1V 1BR 32 704 22,528 725 1.22 $27,520 $330,240 0.00 55.00 0.00 0 0 0 0 0
A2 1BR 18 910 16,380 850 1.03 $15,300 $183,600 0.00 850.00 0.00 $- 1 2 1 0 0
B1 2BR 24 808 19,392 750 1.11 $18,000 $216,000 0.00 750.00 0.00 $- 0 2 4 1 1
B1V 2BR 32 808 25,856 750 1.14 $24,000 $288,000 0.00 750.00 0.00 $- 0 0 0 0 0
C 2BR 42 977 41,034 875 1.16 $36,750 $441,000 0.00 875.00 0.00 $- 7 0 6 0 13
C1 2BR 44 1,030 45,320 900 1.12 $39,600 $475,200 0.00 900.00 0.00 $- 2 0 10 0 12
C1V 2BR 22 1,030 22,660 900 1.15 $19,800 $237,600 0.00 900.00 0.00 $- 0 0 0 0 0
CV 2BR 24 977 23,448 875 1.18 $21,000 $252,000 0.00 875.00 0.00 $- 0 0 0 0 0
D 2BR 16 1,030 16,480 925 0.90 $14,800 $177,600 0.00 925.00 0.00 $- 3 2 4 0 5
DV 2BR 20 1,030 20,600 925 0.90 $18,500 $222,000 0.00 925.00 0.00 $- 0 0 0 0 0
E 3BR 24 1,140 27,360 1150 1.01 $27,600 $331,200 0.00 1,150.00 0.00 $- 3 2 2 1 3
EV 3BR 4 1,140 4,560 1150 1.01 $4,600 $55,200 0.00 1,150.00 0.00 $- 0 0 0 0 0

TOTAL 342 917 313,778 $867 $0.94 $296,470 $3,557,640 $- $833 0.00 $- 16 8 28 3 34
* Net of Concessions
 MARKET SURVEY
Courtney Downs
March-07

Apartment Name Courtney Downs Coyote Ranch Windsor @ Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve @ South Creek
Address 15849 E. Jamison Dr16363 E Freemont Ave 9875 Jefferson Pkwy 6107 S Parker Rd 7550 S Blackhawk 16950 E Carlson Dr 15611 E Jamison Dr
Phone 720-870-6114 303-693-8787 303-256-7700 303-766-2500 303-362-2000 303-805-7220 303-680-6696
Location Englewood, Co Aurora, Co Englewood, Co 80112 Centennial, Co Englewood, Co 80112 Parker, Co 80134 Englewood, Co 80112
# of units 342 507 653 216 312 380 168
Age of Property 4 4 7 4 5 4 5
Application Fee $50.00 $35.00 $40.00 $35.00 $30.00 $35.00 $40.00
Credit Card yes yes yes yes yes yes yes
Pets Allowed yes yes yes yes yes yes yes
Pet Deposit 300 n/r 300-600 150-300 $100 300-500 400-500 300
Sec. Deposit 150 275-325 300 100 99 100-200 100
W/D included Yes yes Only In Select Units Only Select Units no no no
Covered Parking no yes yes yes yes yes yes
Garage Detached yes yes yes yes yes yes
Cable Yes yes yes yes yes yes yes
Tennis Courts no no no no yes yes yes
# of pools 1 1 1 1 1 2 1
Weight Room yes yes yes yes yes yes yes
Jacuzzi yes 1 1 1 1 2 1
Ceiling Fans yes yes yes yes yes yes yes
Microwaves yes yes yes yes yes yes yes
Mini Blinds yes yes yes yes yes yes yes
FF Freezer yes yes yes yes yes yes yes
Icemakers yes yes yes yes yes yes yes
Fireplaces yes no yes yes yes yes yes
Access Gates no yes yes no yes yes yes
Alarm in Unit Prewired no yes yes yes no yes
Door to Door no no no no no no no
Aerobics/Kick Box no no no no no no no
Movie Room no yes yes yes yes yes yes
Computer Library yes yes yes yes yes yes yes
Indoor Basketball no no no no no no no
Water Charge yes no yes yes yes yes yes
 MARKET SURVEY
Courtney Downs
March-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
Efficiency
Efficiency
1B1B (A) 725 704 1.03 710 779 0.91 680 627 1.08 654 685 0.95 720 768 0.94 675 707 0.95 741 763 0.97
1B1B (B) 850 808 1.05 745 853 0.87 740 701 1.06 679 705 0.96 730 842 0.87 708 796
1B1B w/study 750 910 0.82 800 926 840 811 0.91 704 760 0.96 895 992 729 916
1B
1B
1B w/loft
1B1B w/study 820 956 0.86 841 1051 0.80
2B2B (E) 875 977 0.90 825 1105 0.75 920 1044 0.88 929 1120 0.83 885 1115 0.79 925 1033 0.90 965 1037 0.93
2B2B (F) 900 1030 0.87 915 1192 0.77 1060 1196 0.89 805 888 970 1220 0.80 975 1093 0.89
2B2B (G) 925 1030 0.90 1010 1329 1090 1180 0.92
2B2B (H)
2B2B
2B w/study
2B2B TH
2B2B TH
3B2B 1,150 1140 1.01 1175 1398 0.84 1320 1330 0.99 1084 1230 0.88 1100 1356 0.81 1040 1235 0.84 1195 1257 0.95
3B2B

% occ /leased 92 92.10% 91% 93.2 96.3 98% 0 0% 94 98.00% 94% 94.0 92 93% 93.0 97 94% 97.0 96 96%
Avg PSF 1 0.94 0.83 0.95 0.90 0.84 0.90 0.95
Avg Rents 882 1114 994 808 883 1131 995
/ Avail)
Units(Total 342 34 507 38 653 216 5 312 19 360 34 0 168 18

Special: look and lease

special $150 security deposit Special:waive security Special: $400.00 off 1st
waived and $350 off first Special: Reduced pricing deposit and $150.00 gift month rent look and lease Special: Up to 3 months Special: Discounts on all
Rates months rent. for all floor plans. Sepcial:None card to any location. special. free on a 12 month lease. available rents.
reflect these rates:1 Bd $725 1 BD $710 to $800 $680 1/1 $820 2/2 $1320 3/2 1 Bd $654 to $704 1 Bd $720 to $895 1 Bd $675 to $729
specials: 2 Bd $875 2BD $825 to $1010 special was pulled off the internet
2 Bd $841 to $929 2 Bd $885 to $970 2 Bd $925 to $975
3 Bd $1160 3BD $1175 due to property will not give info.
3BD $1084 3 Bd $1100 3 Bd $1040

Ren.: Keep all residents

4% under all new Ren: Info not avail per Ren: $30 increas for 12 Ren: Average $10 to $25 Ren: Free carpet cleaning
Ren: $25 to $50 increase. residents. corporate Ren:Per corporate month lease increase. with 12mo.