Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Cardinal Realty Services, Inc. 1996 Form 10-K 104 613K
2: EX-10.39 Severance Agreement With David P. Blackmore 15 62K
3: EX-10.40 Severance Agreement With Michael F. Carbone 13 54K
4: EX-10.41 Loan Agreement Between the Provident and Lexford 3 13K
5: EX-27 FDS -- Article 5 of Regulation S-X 2± 7K
6: EX-99 Property Financial Info. Summary (Unaudited) 36 334K
EX-99 — Property Financial Info. Summary (Unaudited)
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
WHOLLY OWNED PROPERTIES
============================
1375 RIVERVIEW ESTATES OH 100 391,632 2,233 3,642 9,197 (26,744) (2,671) 377,289
1377 APPLE RIDGE I OH 60 262,425 487 4,119 3,345 (26,694) (7,994) 235,688
1389 THE WILLOWS I OH 50 224,914 3,967 2,753 1,298 (28,334) (3,732) 200,867
1439 MONTROSE SQUARE OH 129 575,970 2,711 6,835 (1,237) (85,889) (28,888) 469,500
1542 SPRINGWOOD KY 54 215,764 2,359 2,330 1,164 (5,953) (560) 215,104
1620 MEADOWOOD OH 40 179,732 2,227 1,122 (7,463) (13,275) (552) 161,790
1672* RIDGEWOOD ELHART IN 71 140,280 0 0 6,210 (7,485) (1,886) 137,119
1690 HEATHMOORE I MI 60 386,582 2,014 3,206 4,548 (9,737) (3,203) 383,410
1750 CEDARWOOD II KY 48 240,426 1,242 3,557 2,514 (16,673) (4,834) 226,233
1780 BRUNSWICK IL 82 413,537 3,003 1,399 3,072 (17,789) (2,072) 401,149
1786 SPICEWOOD IN 53 267,249 149 2,112 3,093 (7,581) (4,605) 260,418
1806 WINTHROP CT II OH 38 195,737 415 1,487 2,038 (15,186) (2,500) 181,991
1809 MEADOWOOD II IN 75 339,655 4,318 3,612 3,884 (37,520) (6,550) 307,400
1810 ACADIA CT II IN 105 548,878 2,395 15,106 7,607 (23,765) (14,513) 535,709
1814 ASHFORD HILL OH 79 372,358 1,476 5,255 6,386 (13,412) (18,845) 353,217
1816 CEDARWOOD III KY 48 242,823 1,784 3,230 3,561 (19,860) (5,335) 226,203
1822 MARABOU MILLS I IN 88 434,537 2,728 2,834 8,832 (32,020) (8,935) 407,975
1823 ELMTREE PARK I IN 74 362,029 1,551 255 6,854 (29,882) (4,086) 336,720
1824 AMESBURY I OH 69 311,770 1,219 1,562 4,489 (31,167) (5,416) 282,458
1825 BRADFORD PL IL 69 319,609 718 1,332 4,497 (12,198) (441) 313,517
1830 SHERBROOK IN 78 406,568 1,208 4,344 5,865 (37,131) (7,898) 372,956
1833 HAYFIELD PARK KY 88 416,692 1,870 4,572 6,609 (20,177) (3,675) 405,892
1838 CEDARGATE II KY 58 269,120 107 2,292 2,027 (11,449) (34) 262,063
1839 DARTMOUTH PL II OH 49 276,045 2,820 1,794 2,016 (9,319) (1,184) 272,172
1841 WILLOWOOD II OH 65 286,099 1,353 3,646 2,649 (27,799) (5,011) 260,936
1843 DOGWOOD GLEN I IN 85 427,154 1,561 2,563 5,511 (14,295) (1,567) 420,926
1846 CHERRY GLEN I IN 72 345,542 890 (697) 4,592 (21,625) (2,758) 325,944
1853 FOXHAVEN OH 108 494,882 3,585 2,928 856 (37,142) (3,581) 461,529
1859 ANNHURST II OH 54 252,210 1,387 196 5,033 (13,938) 133 245,021
1863 HUNTER GLEN IL 66 334,582 2,932 1,311 3,086 (32,292) (2,277) 307,342
1869 HARVEST GROVE I OH 74 351,145 1,372 524 4,760 (16,175) 0 341,626
1871 CLEARWATER OH 43 238,751 2,823 1,755 3,088 (8,981) (1,968) 235,468
1877 SHERBROOK PA 74 478,893 4,294 3,090 7,219 (8,485) (2,141) 482,870
1880 ARAGON WOODS IN 69 343,592 1,016 3,702 3,583 (27,465) (11,903) 312,526
1885 NEWBERRY II MI 48 255,375 2,109 241 1,255 (7,433) 0 251,547
1887 RIVER GLEN I OH 61 292,048 2,264 2,955 4,033 (23,142) (2,030) 276,127
1889 APPLEGATE II IN 80 398,786 2,152 3,301 2,053 (19,763) (1,823) 384,706
1895 ROSEWOOD COMMONS II IN 77 373,503 4,333 (853) 5,879 (26,754) (2,627) 353,481
1898 RIDGEWOOD II IN 100 442,942 5,708 2,770 2,950 (21,590) (3,319) 429,461
1908 CHERRY GLENN II IN 69 343,392 1,785 80 4,832 (18,087) (3,487) 328,515
1909 LINDENDALE OH 78 365,755 1,115 617 5,861 (19,488) (2,743) 351,117
1911 ELMTREE PARK II IN 53 263,229 560 (134) 2,888 (23,495) (3,005) 240,043
1914 WOODLANDS II PA 62 348,577 1,568 1,903 2,703 (16,547) (4,205) 334,000
1917 WILLOWOOD II IN 58 278,453 2,121 2,568 1,213 (5,619) (228) 278,508
1935 RED DEER II OH 63 322,774 2,492 2,013 1,922 (2,311) (97) 326,795
1936 SUFFOLK GROVE II OH 49 273,950 1,911 1,455 1,752 (6,621) (2,128) 270,320
1937 THE WILLOWS III OH 44 211,380 1,564 4,090 4,158 (11,426) (4,819) 204,946
1946 AMBERWOOD OH 64 305,410 1,380 3,005 (1,493) (38,385) (5,433) 264,484
1966 RIVER GLEN II OH 53 273,618 933 2,367 3,299 (29,866) (5,393) 244,958
1982 MARABOU MILLS III IN 59 310,494 478 1,427 3,081 (21,455) (1,640) 292,386
1983 CAMBRIDGE COMMONS III IN 77 345,406 1,166 1,899 6,113 (80,585) (6,872) 267,126
1986 GARDEN CT MI 103 561,254 1,397 2,657 4,885 (14,753) (2,646) 552,795
1005 ANNHURST III OH 52 259,351 3,153 1,097 1,968 (23,699) (2,354) 239,516
1039 LAUREL BAY MI 69 392,210 4,189 2,284 9,307 (32,905) (10,758) 364,327
2137 WINDWOOD I FL 64 291,076 2,075 1,263 6,352 (46,853) (9,210) 244,702
2208 GARDEN TERRACE I FL 59 258,524 3,863 1,735 4,354 (24,952) (6,282) 237,241
2385 CANTERBURY CROSSINGS FL 71 466,010 4,295 6,047 2,517 (4,635) (3,354) 470,879
138
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
WHOLLY OWNED PROPERTIES
============================
2455 THYMEWOOD II FL 70 493,949 2,487 2,907 12,461 (26,924) (11,760) 473,120
2462 FOREST GLEN FL 73 340,395 1,934 7,272 5,486 (13,349) (2,064) 339,674
2469 BEL AIRE II FL 51 314,980 897 5,585 8,119 (17,364) (4,186) 308,030
2479 HERON POINTE FL 99 496,690 2,062 3,556 3,689 (12,792) (1,925) 491,279
2482 OAKWOOD VILLAGE FL 75 313,215 1,485 3,271 677 (32,892) (315) 285,441
2487 RIVERS END II FL 69 348,768 2,144 3,945 4,516 (7,197) (3,495) 348,680
2501 WHISPERING PINES II FL 44 206,421 1,040 3,620 1,759 (27,935) (2,557) 182,349
2512 SKY PINES II FL 52 263,836 1,066 3,378 4,242 (18,715) (16,881) 236,926
2513 CRYSTAL CT II FL 80 340,101 1,809 2,545 (1,870) (33,538) (7,831) 301,216
2515 HIDDEN ACRES FL 94 454,719 2,007 5,735 5,664 (18,496) (12,177) 437,452
2519 CENTRE LAKE III FL 235 1,418,593 11,644 9,496 84,811 (85,753) (87,996) 1,350,795
2520 PINE VIEW FL 92 454,329 2,385 3,539 13,546 (32,904) (20,134) 420,761
2521 BLUEBERRY HILL I FL 68 330,691 3,286 4,306 2,578 (38,945) (1,362) 300,553
2526 HOLLY SANDS II FL 52 264,588 2,095 2,676 4,588 (6,273) (419) 267,254
2527 SUNSET WAY I FL 100 646,841 1,886 6,326 17,942 (58,877) (17,452) 596,666
2530 PINE BARRENS FL 104 506,001 4,227 3,584 6,682 (6,949) (4,998) 508,547
2535 PELICAN POINTE I FL 86 419,180 1,160 4,250 6,564 (19,631) (12,598) 398,926
2537 CALIFORNIA GARDENS FL 71 343,854 913 3,017 1,132 (38,884) (7,542) 302,489
2543 MIGUEL PL FL 91 393,735 5,020 1,517 (3,172) (24,851) (4,244) 368,006
2545 JUPITER COVE I FL 63 379,794 1,385 4,254 7,170 (10,708) (4,776) 377,118
2546 PELICAN POINTE II FL 74 359,485 1,516 5,384 5,721 (29,902) (10,594) 331,611
2547 MARK LANDING I FL 72 386,033 1,941 6,710 7,058 (7,446) (6,567) 387,729
2549 JUPITER COVE III FL 63 379,211 1,395 3,730 8,003 (16,002) (6,559) 369,778
2556 HILLSIDE TRACE FL 64 275,583 4,120 3,404 4,001 (15,232) (887) 270,988
2559 JEFFERSON WAY I FL 56 297,418 1,533 2,849 715 (11,619) (3,053) 287,842
2580 SUNSET WAY II FL 100 648,108 2,000 6,256 21,135 (55,142) (24,241) 598,117
2587 OAK GARDENS FL 106 650,552 2,993 6,421 10,596 (25,652) (4,597) 640,313
3166 CEDAR HILL TN 74 387,139 2,447 3,482 3,314 (11,762) 27 384,647
3171 LAUREL GLEN GA 81 448,752 907 4,072 2,610 (2,609) (2,871) 450,861
3173 SPRINGBROOK SC 92 428,237 3,163 1,910 5,001 (25,677) (11,193) 401,440
3174 LAKESHORE I GA 79 358,878 2,022 6,580 (601) (8,080) (6,293) 352,506
3175 GLENVIEW AL 90 371,955 637 1,380 (376) (19,031) (3,037) 351,528
3186 RAMBLEWOOD II GA 102 471,350 1,488 2,330 1,323 (33,987) (3,532) 438,972
3188 VALLEYBROOK GA 72 382,952 2,191 5,225 5,420 (9,627) (2,816) 383,344
3189 WILLOW LAKES SC 95 460,480 2,440 2,261 3,476 (22,160) (3,550) 442,949
3190 GLENWOOD VILLAGE GA 80 376,829 2,834 2,480 2,246 (8,743) (2,314) 373,331
3208 RAVENWOOD SC 82 396,322 980 1,012 2,654 (7,963) (3,026) 389,979
3209 INDIAN LAKE I GA 244 1,395,642 15,711 12,922 30,134 (72,172) (18,027) 1,364,210
3231 WALKER PL TX 67 315,621 309 564 8,610 (26,425) (4,181) 294,497
3233 GREENBRIAR GLEN GA 75 435,838 3,467 958 13,789 (29,625) (7,424) 417,002
3400 HATCHERWAY GA 64 266,530 861 5,458 4,085 (23,203) (475) 253,256
3417 GLEN ARM MANOR GA 70 312,619 2,724 1,434 2,779 (17,103) (2,013) 300,440
3480 MILL RUN GA 88 397,203 856 2,886 6,060 (11,877) (1,666) 393,462
3486 STEWART WAY I GA 69 349,960 1,204 1,961 5,298 (27,144) (2,652) 328,627
3494 WILCREST WOODS GA 69 341,498 832 2,472 5,724 (8,048) (1,730) 340,748
3496 MARSHLANDING II GA 48 236,044 698 2,614 2,434 (8,449) (2,655) 230,686
3522 STEWART WAY II GA 63 335,471 1,369 1,811 3,074 (17,675) (2,550) 321,500
3532 KINGS COLONY GA 89 457,596 4,403 3,394 5,308 (10,942) (2,029) 457,730
4109 CHERRY TREE MD 103 595,795 6,078 4,068 8,361 (40,896) (4,616) 568,790
4111 FORSYTHIA CT II MD 76 428,187 1,489 1,291 4,483 (23,928) (1,252) 410,270
4133 MERRIFIELD MD 96 530,190 3,109 2,693 7,716 (26,715) (5,280) 511,713
5910 MARABOU MILLS II IN 64 321,981 5,960 2,862 5,234 (20,574) (8,972) 306,491
5886 PICKERINGTON MEADOWS IN 60 309,346 545 2,163 2,689 (25,865) (2,792) 286,087
5903 BRUNSWICK II WV 82 400,603 1,424 2,504 (237) (81,949) (4,832) 317,512
5906 AMESBURY II OH 81 360,892 2,235 1,372 1,246 (47,008) (5,354) 313,382
5951 HARVEST GROVE II OH 57 284,292 1,365 224 1,282 (21,559) (316) 265,288
-------------------------------------------------------------------------------------------
113 8,504 42,865,966 257,000 346,467 599,617 (2,652,572) (654,563) 40,761,914
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* Partial year
139
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
SYNDICATED
==========================
1109 DOGWOOD TERRACE OH 110 509,493 692 7,611 5,292 (116,491) (11,129) 395,468
1112 LONDON LAMPLIGHT OH 54 244,575 1,042 2,783 2,697 (11,123) (5,451) 234,523
1123 SPRINGFIELD WOODGATE OH 39 150,514 681 2,852 2,155 (3,538) (2,801) 149,863
1262 THE BIRCHES LIMA OH 58 245,930 1,111 4,024 1,125 (29,572) (4,504) 218,114
1297 PLUMWOOD APTS OH 109 511,046 3,004 5,115 1,273 (31,734) (9,074) 479,630
1310 MELDON PL OH 129 544,560 5,253 6,766 11,881 (21,965) (3,267) 543,228
1320 WEST OF EASTLAND OH 125 540,563 626 8,208 11,984 (41,245) (23,186) 496,951
1322 PARKVILLE OH 101 451,795 1,243 3,809 7,087 (20,160) (9,758) 434,015
1327 CHARING CROSS APTS OH 68 282,294 2,079 2,334 4,048 (20,535) (2,280) 267,940
1329 INDEPENDENCE VIL OH 124 563,522 1,675 6,157 6,731 (47,370) (8,897) 521,817
1330 POPLAR CT OH 62 265,880 3,813 4,322 2,684 (19,722) (1,893) 255,084
1341 GREENLEAF APTS OH 50 149,897 0 0 5,998 0 0 155,895
1344 LAUREL CT APTS OH 70 291,635 1,089 5,639 2,597 (20,977) (2,419) 277,565
1379 AMHURST APTS OH 75 333,177 2,089 4,465 6,277 (18,974) (4,434) 322,601
1404 KETWOOD APTS OH 94 456,357 4,340 5,608 3,635 (34,687) (6,852) 428,401
1436 SANDALWOOD APTS OH 39 172,909 1,208 1,508 1,024 (3,438) (280) 172,931
1437 HICKORY MILL OH 62 304,537 3,807 1,555 4,317 (8,416) (3,104) 302,696
1455 MONTROSE SQ OH 65 241,537 3,272 6,373 2,010 (7,844) (3,519) 241,829
1456 APPLE RIDGE OH 53 229,795 555 4,331 1,937 (24,631) (6,486) 205,501
1460 WESTWOOD OH 14 56,278 721 818 419 (4,962) (427) 52,847
1461 APPLE RUN II OH 51 230,633 1,287 4,356 2,374 (20,633) (8,178) 209,837
1462 PLUMWOOD IN 39 181,230 1,640 2,008 2,126 (4,401) (923) 181,681
1464 GREENGLEN OH 68 247,730 2,943 2,784 6,086 (4,775) (1,373) 253,394
1465 CEDARWOOD BELPRE OH 45 187,320 1,392 2,035 547 (11,802) (661) 178,833
1466 AMHURST II OH 74 336,227 2,329 6,616 3,056 (18,901) (7,065) 322,262
1469 CHELSEA CT OH 70 287,133 2,595 3,558 760 (33,636) (3,619) 256,791
1470 MILLSTON APTS OH 55 182,192 1,439 2,504 2,499 (18,536) (2,622) 167,475
1473 MILLBURN II OH 52 261,551 2,029 1,866 1,463 (17,242) (749) 248,918
1483 WOODBINE OH 41 166,982 490 909 351 (4,028) 0 164,703
1485 HAMPSHIRE II OH 57 259,572 1,501 6,578 8,041 (15,884) (5,975) 253,832
1489 PLUMWOOD IN 57 251,298 2,117 513 3,616 (7,968) (1,072) 248,504
1491 CAMELLIA CT WASHINGTON CH OH 41 181,095 796 518 (953) (9,796) (2,119) 169,540
1499 CONCORD SQ ONTARIO OH 42 182,957 1,514 3,809 900 (5,858) (924) 182,398
1505 CAMELLIA CT DAYTON OH 57 271,498 1,500 789 715 (8,786) (1,723) 263,993
1510 BECKFORD PL WAPAKONETA OH 41 168,106 488 2,519 1,261 (18,360) (1,777) 152,237
1511 APPLEGATE CHILLICOTHE II OH 42 178,560 494 650 1,007 (30,230) (8,132) 142,350
1512 SPRINGWOOD NEW HAVEN IN 49 230,487 2,938 1,193 2,491 (19,076) (849) 217,184
1516 THE WILLOWS DELAWARE II OH 42 193,123 2,523 1,828 1,511 (9,406) (3,918) 185,661
1519 GREENGLEN ALLEN II OH 54 236,970 1,237 4,051 832 (22,293) (3,385) 217,411
1523 LARKSPUR MORAINE OH 30 134,619 1,053 1,972 265 (8,820) (797) 128,291
1524 MILLSTON ABERDEEN II OH 39 133,368 1,602 1,025 1,179 (6,070) (1,435) 129,667
1526 CAMELLIA CT COLUMBUS OH 64 315,271 2,555 1,769 738 (12,546) (1,506) 306,281
1527 WOODBINE CUYAHOGA FALLS OH 55 306,088 2,064 1,739 1,832 (6,148) (906) 304,668
1528 APPLEGATE LORDSTOWN OH 40 186,082 1,270 1,680 1,944 (11,778) (1,836) 177,361
1529 PARKVILLE ENGLEWOOD OH 48 236,253 1,714 1,915 570 (11,816) (1,689) 226,947
1530 CEDARWOOD SABINA OH 32 141,976 1,803 1,662 1,057 (8,248) (2,776) 135,474
1531 ANDOVER CT OH 52 250,979 1,778 2,790 942 (1,851) (692) 253,947
1533 HAMPSHIRE BLUFFTON IN 46 203,464 571 1,395 1,718 (10,252) (1,675) 195,221
1534 CONCORD SQ LAWRENCEBURG IN 49 225,079 1,520 1,704 1,515 (2,817) (1,686) 225,315
1535 GREENGLEN TOLEDO II OH 59 266,945 3,619 3,052 3,074 (14,465) (2,067) 260,157
1539 FOXTON SEYMOUR IN 39 181,907 743 1,645 885 (21,928) (2,163) 161,089
1540 DARTMOUTH PL KENT OH 54 305,032 2,007 2,743 2,170 (17,392) (4,488) 290,073
1549 CAMELLIA CT DAYTON II OH 53 256,089 1,464 2,243 904 (12,795) (2,078) 245,827
1550 APPLEGATE COLUMBUS IN 58 289,139 3,012 2,106 2,489 (3,479) (2,129) 291,137
1553 APPLE RIDGE III OH 30 133,364 800 2,057 499 (7,494) (732) 128,493
1554 SPRINGWOOD AUSTINTOWN II OH 43 205,497 1,746 1,613 1,334 (11,997) (3,454) 194,740
1555 DOVER PL EASTLAKE OH 64 367,873 3,720 1,014 2,103 (13,925) (1,259) 359,527
1556 PARKVILLE PARKERSBURG WV 49 219,442 872 2,025 (832) (13,341) (513) 207,653
1557 HARTWICK TIPTON IN 45 222,743 2,614 2,157 1,182 (18,982) (3,281) 206,432
1558 BECKFORD PL THE PLAINS OH 60 300,800 3,454 1,236 2,471 (3,072) 280 305,168
1559 LARKSPUR COLUMBUS OH 60 327,462 3,104 997 1,894 (29,207) (1,666) 302,585
1560 SPRINGWOOD COLUMBUS OH 64 314,465 381 1,018 1,699 (24,524) (2,087) 290,952
1561 PARKVILLE GAS CITY IN 49 229,947 658 2,815 2,023 (23,058) (3,111) 209,274
1562 CAMELLIA CT CARROLLTON KY 56 229,060 2,031 3,361 3,036 (16,143) (3,763) 217,582
1563 FOXTON DAYTON II OH 80 389,628 2,751 11,301 1,694 (28,267) (14,082) 363,024
1566 APPLE RUN HILLSDALE MI 39 189,794 2,210 1,383 528 (5,454) 0 188,461
1567 PINE GROVE ROSEVILLE MI 50 292,446 1,431 655 1,023 (12,146) (1,865) 281,545
140
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
SYNDICATED
==========================
1568 ASHGROVE FRANKLIN OH 64 313,106 1,015 5,349 3,641 (16,690) (4,856) 301,566
1569 MEADOWOOD JACKSON MI 47 249,462 788 1,761 1,516 (2,984) (135) 250,408
1571 GEORGETWN S TUSCARAWAS II OH 48 235,226 385 5,819 3,449 (51,433) (11,673) 181,772
1572 CONCORD SQ KOKOMO IN 49 263,899 1,885 1,281 1,479 (9,792) (419) 258,333
1573 SANDALWOOD ALEXANDRIA IN 44 207,877 636 2,203 1,683 (14,249) (2,572) 195,578
1574 AMHURST TOLEDO OH 58 282,025 2,127 1,653 2,237 (9,511) (584) 277,947
1575 HAMPSHIRE WILLIAMSTOWN KY 32 128,423 1,788 2,465 2,066 (9,885) (6,479) 118,378
1576 MEADOWOOD MANSFIELD OH 50 224,215 482 3,241 (800) (3,522) (245) 223,372
1577 HICKORY MILL HURRICANE WV 48 234,600 590 1,565 2,344 (21,026) (621) 217,452
1578 ASHGROVE FLORENCE KY 47 241,300 549 2,719 2,685 (23,094) (2,772) 221,387
1579 MEADOWOOD FRANKLIN IN 51 284,426 2,625 3,766 7,164 (4,961) (2,272) 290,747
1581 CEDARWOOD GOSHEN IN 43 199,800 2,080 2,680 3,956 (3,201) (2,591) 202,724
1582 CONCORD SQ ONTARIO II OH 31 134,880 257 1,079 368 (2,664) (48) 133,872
1583 MEADOWOOD CRAWFORDSVILLE IN 64 325,160 1,782 1,766 3,231 (29,607) (2,512) 299,821
1585 BECKFORD PL N CANTON OH 60 309,128 1,266 953 (1,887) (10,855) (77) 298,527
1587 PINE GROVE COLUMBUS II OH 18 82,169 249 30 662 (17,500) (2,314) 63,296
1588 PLUMWOOD COLUMBUS III OH 34 171,030 1,820 838 1,351 (7,021) (2,111) 165,906
1589 WOODLANDS COLUMBUS OH 90 458,098 977 2,195 3,447 (43,191) (4,378) 417,148
1590 WOODLANDS FRANKLIN KY 57 227,744 1,457 1,530 2,469 (19,729) (2,147) 211,324
1591 MEADOWOOD FLATWOODS KY 53 227,527 755 904 1,471 (12,451) (1,563) 216,643
1592 GREENGLEN DAYTON OH 77 367,693 2,519 4,144 4,275 (19,582) (2,134) 356,915
1593 ASHGROVE INDIANAPOLIS IN 58 317,963 3,647 5,608 6,392 (26,944) (8,951) 297,714
1595 MEADOWOOD NICHOLASVILLE KY 68 323,223 1,972 3,296 3,152 (12,975) 5 318,672
1596 STONEHENGE RICHMOND IN 59 297,912 1,598 1,093 3,073 (7,063) 479 297,092
1597 WILLOWOOD COLUMBUS IN 52 263,850 2,328 1,215 3,239 (2,335) (1,173) 267,124
1598 CEDARGATE BOWLING GREEN KY 59 293,059 2,224 1,392 4,092 (9,287) (349) 291,131
1599 WILLOW RUN WILLARD KY 61 248,551 2,568 2,287 2,160 (31,963) (5,944) 217,658
1600 HEATHMOORE JEFFERSON KY 63 295,745 1,936 3,657 4,256 (21,267) (9,425) 274,901
1601 STONEHENGE GLASGOW KY 54 218,029 429 1,403 (2,487) (11,322) (695) 205,357
1602 HEATHMOORE INDIANAPOLIS IN 55 298,350 1,714 1,614 5,905 (16,409) (3,618) 287,556
1603 APPLE RUN TRUMBULL OH 48 237,290 1,206 2,106 4,222 (19,441) (4,702) 220,681
1604 FOXTON MONROE MI 51 273,418 1,463 1,558 2,123 (3,204) (2,240) 273,117
1605 ASHGROVE CALHOUN MI 51 257,249 400 1,107 860 (11,699) (4,257) 243,659
1606 STONEHENGE OTTAWA OH 37 154,563 1,147 436 1,691 (1,613) 189 156,414
1613 WOODLANDS ZELIENOPLE PA 50 284,125 1,237 1,753 5,014 (13,153) (449) 278,527
1615 RIDGEWOOD WESTLAND MI 57 339,867 701 3,344 1,774 (22,334) (8,377) 314,975
1616 HEATHMOORE MACOMB MI 73 399,865 0 1,065 5,508 (19,966) (4,768) 381,704
1617 DOVER PL EASTLAKE II OH 67 364,963 2,120 2,108 3,544 (20,933) (477) 351,324
1618 DOVER PL EASTLAKE III OH 30 174,791 1,177 785 1,597 (8,779) (2,652) 166,919
1619 CEDARGATE MICHIGAN CITY IN 53 259,438 698 2,403 3,069 (9,709) (1,267) 254,633
1622 CEDARGATE BLOOMINGTON IN 70 394,983 8,020 5,862 5,552 (20,794) (298) 393,326
1623 CEDARGATE LANCASTER OH 48 201,918 871 2,321 2,220 (14,635) (3,200) 189,496
1624 STONEHENGE JEFFERSON KY 62 306,857 3,296 2,479 3,854 (11,881) (1,753) 302,853
1626 SLATE RUN INDIANAPOLIS IN 92 482,242 1,876 2,261 3,513 (5,312) (1,368) 483,213
1630 SANDALWOOD TOLEDO OH 51 247,047 2,851 3,021 3,529 (9,788) (1,970) 244,689
1635 RIDGEWOOD COLUMBUS OH 61 317,202 1,559 829 3,799 (14,721) 71 308,739
1637 APPLEGATE DELAWARE IN 54 281,221 1,448 2,518 2,343 (16,196) (104) 271,229
1638 MEADOWOOD LOGANSPORT IN 42 194,725 581 665 2,194 (4,509) (3,808) 189,848
1639 SLATE RUN LEBANON IN 62 323,698 1,831 1,767 2,004 (11,420) (639) 317,241
1640 WESTWOOD ROCHESTER IN 42 181,367 290 3,429 1,424 (5,607) (9,171) 171,732
1641 WILLOWOOD WOOSTER OH 52 247,985 2,746 2,557 3,852 (15,904) (396) 240,839
1642 STONEHENGE STARK OH 61 290,843 2,090 3,341 1,499 (31,062) (4,399) 262,312
1644 RIDGEWOOD LEXINGTON KY 63 325,337 4,162 1,145 3,666 (9,736) (2,234) 322,340
1645 RIDGEWOOD BEDFORD IN 48 224,664 1,116 2,598 2,434 (6,924) (38) 223,850
1646 CAMELLIA CT COLUMBUS II OH 41 200,736 1,010 1,450 2,176 (6,936) (281) 198,154
1647 CEDARGATE ENGLEWOOD OH 61 310,741 946 2,034 5,346 (12,873) (3,178) 303,015
1648 SLATE RUN HOPKINSVILLE KY 58 262,557 3,480 1,444 1,935 (24,692) (2,823) 241,901
1649 WILLOWOOD GROVE CITY OH 47 247,577 2,182 2,075 5,272 (15,547) (3,325) 238,236
1650 MEADOWOOD COLUMBUS OH 61 303,596 3,780 1,824 3,786 (18,496) (2,264) 292,226
1651 STONEHENGE INDIANAPOLIS IN 61 328,511 2,265 688 5,150 (23,109) (1,619) 311,887
1652 MEADOWOOD WARRICK IN 65 283,850 409 2,373 2,833 (33,497) (4,597) 251,372
1653 WILLOWOOD E INDIANAPOLIS IN 61 310,521 701 3,028 6,878 (29,534) (7,534) 284,060
1655 CEDARGATE SHELBY KY 58 294,552 878 2,555 4,185 (17,600) (2,705) 281,864
1656 RIDGEWOOD RUSSELVILLE KY 53 231,078 120 3,043 431 (27,165) (1,722) 205,784
1657 WILLOW RUN NEW ALBANY IN 65 327,658 1,680 4,644 1,932 (7,650) (6,142) 322,121
141
[Enlarge/Download Table]
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
SYNDICATED
==========================
1658 ASHGROVE JEFFERSON KY 61 307,560 4,709 1,210 2,444 (11,334) (2,870) 301,719
1659 SLATE RUN JEFFERSON KY 66 321,877 3,579 3,057 4,868 (28,139) (15,658) 289,585
1660 MEADOWOOD LEXINGTON KY 51 253,043 2,477 4,769 5,601 (23,631) (7,795) 234,464
1661 FORSYTHIA CT COLUMBUS OH 61 310,007 2,955 659 4,011 (19,533) (2,914) 295,186
1663 WATERBURY GREENWOOD IN 45 245,570 1,437 5,610 2,385 (24,567) (17,043) 213,391
1664 SLATE RUN BARDSTOWN KY 54 230,829 2,031 1,602 3,781 (33,853) (1,624) 202,766
1666 WILLOWOOD FRANKFORT KY 57 284,463 486 2,203 2,644 (27,669) (2,225) 259,901
1667 BECKFORD PL NEW CASTLE IN 42 201,717 1,686 1,634 2,587 (4,966) 185 202,843
1669 WILLOWOOD OWENSBORO KY 56 221,711 406 1,924 1,845 (19,943) (1,796) 204,147
1670 STONEHENGE MONTGOMERY OH 69 347,678 1,681 6,058 8,852 (11,191) (2,980) 350,097
1671 LARKSPUR MORAINE II OH 16 69,141 265 293 (311) (3,522) 90 65,956
1673 SLATE RUN BEDFORD OH 63 386,901 1,243 2,559 4,066 (14,484) (4,886) 375,399
1674 ROSEWOOD JEFFERSON KY 78 419,429 4,951 2,124 1,617 (15,238) (112) 412,771
1676 MILLBURN STOW OH 53 337,709 2,255 1,983 2,593 (8,814) (185) 335,541
1677 WILLOW RUN MADISONVILLE KY 73 306,071 402 2,293 777 (13,810) (1,331) 294,403
1678 CEDARWOOD GOSHEN II IN 47 219,751 826 3,021 1,689 (5,503) (1,405) 218,379
1679 HEATHMOORE EVANSVILLE IN 74 337,739 2,020 785 4,105 (18,485) (310) 325,854
1681 FOREST PARK MEADOWOOD OH 106 580,152 5,385 2,966 8,544 (17,061) (6,854) 573,132
1682 STONEHENGE TECUMSEH MI 49 275,990 1,148 2,724 3,600 (25,268) (223) 257,972
1683 BRANDON CT BLOOMINGTON IN 80 443,249 4,302 4,086 7,498 (25,135) (61) 433,939
1686 ASHGROVE STERLING MI 116 690,951 1,338 2,239 11,246 (30,530) (11,999) 663,245
1687 MONTGOMERY CT INGHAM MI 59 324,567 3,199 666 8,680 (12,331) (982) 323,799
1691 PINE GROVE ROSEVILLE II MI 33 193,322 2,035 1,094 1,082 (7,313) (3,800) 186,420
1692 MEADOWOOD MONROE MI 58 296,193 971 426 2,982 (2,053) 126 298,644
1695 ANNHURST INDIANAPOLIS IN 85 415,288 32 2,444 8,554 (37,087) (10,640) 378,591
1696 ANNHURST ALLEGHENY PA 97 613,415 5,287 3,614 (901) (21,781) (5,023) 594,612
1698 WOODLANDS STREETSBORO OH 61 351,760 3,066 3,110 5,459 (14,501) (1,452) 347,441
1699 ROANOKE OAKLAND MI 88 611,694 4,195 942 7,463 (27,443) (2,049) 594,801
1700 DANIEL CT CLERMONT OH 114 583,457 943 5,248 7,286 (33,424) (10,566) 552,943
1702 STRATFORD S CHARLESTON WV 80 432,329 995 4,610 (5,570) (30,551) (2,473) 399,340
1703 BARRINGTON BEDFORD OH 81 490,102 3,163 453 4,367 (14,911) (3,661) 479,513
1704 MULBERRY HILLIARD OH 61 319,077 1,742 3,656 2,963 (6,347) 0 321,091
1705 WOODLANDS COLUMBUS II OH 71 358,143 2,929 3,038 2,738 (26,891) (2,821) 337,137
1707 LARKSPUR COLUMBUS II OH 62 335,384 1,849 1,708 5,049 (23,845) (4,983) 315,162
1714 NEWBERRY EATON MI 63 329,659 2,022 499 9,471 (10,585) (338) 330,729
1717 HICKORY MILL HURRICANE II WV 44 213,099 1,488 2,157 604 (17,872) 34 199,510
1718 MEADOWOOD COLUMBUS II OH 23 116,590 818 1,038 906 (3,771) (2,468) 113,113
1719 VALLEYFIELD LEXINGTON KY 84 436,538 2,005 3,631 3,421 (35,522) (2,217) 407,856
1720 RIDGEWOOD COLUMBUS II OH 58 312,379 1,711 616 1,990 (22,984) (507) 293,205
1721 OLIVEWOOD INDIANAPOLIS IN 63 325,517 4,392 965 7,192 (11,389) (3,759) 322,918
1723 ROANOKE JEFFERSON KY 66 330,235 1,915 1,512 3,875 (3,522) 1,248 335,262
1724 MEADOWOOD CUYAHOGA FALLS OH 60 342,759 2,140 1,470 3,975 (13,562) (117) 336,665
1725 RIDGEWOOD LEXINGTON II KY 51 273,482 2,863 2,188 1,741 (9,558) (3,510) 267,206
1726 STONEHENGE JASPER IN 40 160,393 398 1,948 1,386 (15,536) (3,389) 145,201
1727 CARLETON CT KANAWHA WV 73 357,425 1,274 3,730 1,587 (25,301) (1,593) 337,121
1728 NEWBERRY GROVE CITY PA 53 269,425 2,426 6,033 3,902 (4,690) (2,770) 274,326
1729 BECKFORD PL N CANTON II OH 60 307,612 1,241 730 (1,784) (8,461) (597) 298,742
1730 NORTHRUP CT ALLEGHENY PA 60 381,496 1,068 2,156 (9,533) (29,597) 181 345,771
1731 FORSYTHIA CT JEFFERSON KY 99 477,592 1,388 3,557 4,250 (9,312) (5,331) 472,145
1732 WINTHROP CT FRANKFURT KY 79 383,789 2,160 4,923 (216) (47,930) (9,263) 333,462
1733 PRINCETON CT EVANSVILLE IN 62 300,732 662 2,352 3,265 (17,247) (2,219) 287,545
1735 ROSEWOOD COLUMBUS OH 91 448,619 4,531 1,562 4,104 (39,888) (4,397) 414,531
1737 SLATE RUN JEFFERSON II KY 64 309,448 473 1,873 4,833 (14,139) (9,220) 293,267
1741 WILLOWOOD TROTWOOD OH 61 276,156 3,208 3,036 3,779 (21,661) (2,751) 261,766
1744 BRUNSWICK TRUMBULL OH 60 304,432 7,288 3,249 6,353 (12,416) (2,559) 306,348
1745 WYCLIFFE CT TN 65 308,702 432 981 2,903 (10,511) (638) 301,868
1747 SLATE RUN MIAMISBURG OH 49 252,208 1,265 2,088 2,121 (7,452) (661) 249,568
1748 MONTGOMERY CT COLUMBUS OH 62 324,193 1,648 2,671 5,187 (12,897) (5,652) 315,149
1749 WATERBURY CLARKSVILLE TN 54 266,013 1,668 1,190 1,633 (10,510) (270) 259,725
1751 WINTHROP CT COLUMBUS OH 63 312,728 1,615 2,442 3,026 (11,278) (3,451) 305,083
1752 PICKERINGTON MEADOWS OH 61 277,737 1,976 1,291 3,555 (21,235) 1,135 264,458
1756 WATERBURY CLERMONT OH 70 366,627 3,248 2,871 8,870 (10,736) (2,263) 368,617
1757 WILLOWOOD GROVE CITY II OH 26 140,383 937 1,128 1,584 (11,579) (2,045) 130,409
1758 CEDARGATE BLOOMINGTON II IN 58 335,212 2,937 3,601 3,476 (16,672) (2,303) 326,251
1759 ACADIA CT IN 99 555,775 3,018 4,356 6,605 (21,524) (115) 548,115
142
[Enlarge/Download Table]
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
SYNDICATED
==========================
1760 WILLOWOOD E INDIANAPLS II IN 60 288,284 2,122 787 2,713 (32,974) 430 261,362
1761 SHERBROOK COLUMBUS OH 61 286,820 1,269 566 2,044 (13,580) (2,563) 274,556
1762 LONGWOOD LEXINGTON KY 61 302,122 2,894 1,876 2,400 (21,816) (6,780) 280,695
1763 NORTHRUP CT ALLEGHENY II PA 49 309,913 3,802 2,446 (8,719) (29,711) (2,681) 275,051
1765 LAURELWOOD CT BEDFORD IN 50 225,309 798 2,459 2,064 (9,285) (2,755) 218,589
1768 CARLETON CT ANN ARBOR MI 105 670,033 2,897 750 5,109 (21,999) (1,162) 655,628
1770 VALLEYFIELD PA 77 521,743 1,499 3,499 795 (22,297) 69 505,308
1772 WENTWORTH ROSEVILLE MI 76 433,322 2,314 2,921 5,258 (14,037) (8,710) 421,068
1773 WATERBURY WESTLAND MI 102 608,394 3,183 1,677 5,427 (23,909) (9,506) 585,266
1777 HEATHMOORE INDIANAPLS II IN 80 410,638 1,448 2,149 3,036 (22,845) (2,069) 392,355
1779 AMBERIDGE MI 47 267,788 1,643 969 3,211 (12,364) (5,154) 256,094
1783 WOODLANDS STREETSBORO II OH 60 350,717 899 4,826 4,588 (13,168) (8,883) 338,978
1785 CARLETON CT ERIE PA 60 313,146 771 900 3,138 (24,938) (1,791) 291,226
1787 ROSEWOOD COMMONS IN 97 450,892 1,416 (739) 6,991 (23,440) (1,275) 433,845
1790 WILLOWOOD FRANKFORT II KY 53 255,144 2,025 939 (546) (32,880) (510) 224,172
1794 ANNHURST COLUMBUS OH 57 268,026 726 654 3,894 (17,332) (2,673) 253,295
1799 BEREA TABOR RIDGE OH 97 538,233 4,446 2,137 3,843 (52,694) (2,831) 493,133
1801 WILLOWOOD WOOSTER II OH 53 245,101 1,496 3,821 697 (26,129) (2,683) 222,303
1804 CAMBRIDGE COMMONS IN 88 400,158 2,346 3,074 8,016 (26,224) (5,591) 381,779
1805 OLIVEWOOD INDIANAPOLIS II IN 67 332,874 1,539 1,393 5,104 (20,126) (6,295) 314,488
1807 BRUNSWICK MONONGALIA WV 102 512,014 1,024 4,243 (12,712) (64,509) (3,180) 436,880
1812 HAMPTON WOODS COLUMBUS OH 49 227,952 603 1,196 3,142 (20,616) (1,190) 211,088
1813 SUFFOLK GROVE GROVE CITY OH 71 370,483 2,721 3,006 4,674 (20,493) (3,654) 356,737
1815 MONTGOMERY CT COLUMBUS II OH 57 299,381 6,202 1,469 3,176 (11,859) (3,483) 294,886
1818 REDWOOD HOLLOW SMYRNA TN 72 357,212 1,295 1,113 2,962 (7,946) (2,546) 352,089
1829 CLEARVIEW GREENWOOD IN 73 372,325 6,538 1,302 4,689 (18,184) (428) 366,243
1832 ANSLEY OAKS IL 69 331,801 2,305 1,187 2,965 (8,040) (235) 329,984
1844 STERLING HGTS OLIVEWOOD MI 154 892,589 7,093 3,095 12,280 (20,739) (5,943) 888,375
1847 RED DEER FAIRBORN OH 70 345,874 2,181 1,535 6,131 (9,462) 0 346,259
1851 ASHGROVE STERLING II MI 91 541,102 2,168 1,330 4,446 (19,559) (1,279) 528,209
1866 HEATHMOORE WAYNE II MI 51 326,360 3,169 945 2,682 (10,799) (2,229) 320,127
1875 DOVER PL EASTLAKE IV OH 73 411,997 2,467 2,921 4,694 (22,040) (4,424) 395,615
1905 CAMBRIDGE COMMONS II IN 76 350,141 1,118 3,266 9,912 (40,597) (10,238) 313,601
1907 DOGWOOD GLEN MARION II IN 78 386,143 2,257 2,548 5,210 (16,993) (2,058) 377,107
1916 CLEARVIEW GREENWOOD II IN 81 426,587 3,189 2,949 5,523 (20,785) (2,570) 414,892
1928 WOODLANDS COLUMBUS III OH 95 466,383 1,947 5,414 6,076 (43,845) (9,071) 426,905
1944 TIMBERCREEK TOLEDO OH 78 361,915 541 3,799 4,811 (12,501) (683) 357,881
2100 SANFORD CT INVESTORS FL 107 525,760 2,056 6,050 (6,618) (18,263) (12,012) 496,973
2106 OLD ARCHER CT FL 72 357,991 3,899 2,213 3,711 (28,094) (1,508) 338,212
2107 PALATKA OAKS FL 34 142,715 1,317 2,155 (521) (22,209) (4,683) 118,773
2108 AZALEA HILL FL 53 232,732 416 440 (149) (77,963) (725) 154,751
2112 TURKSCAP FL 49 237,183 1,362 1,515 7,124 (38,335) (8,584) 200,266
2114 CEDARWOOD FL 55 231,205 3,742 2,708 6,313 (24,014) (3,867) 216,087
2115 UNIVERSITY SQ FL 81 358,257 3,919 2,330 6,231 (17,998) (5,512) 347,228
2129 NORTHWOOD FL 42 180,150 616 1,258 2,433 (12,315) (3,466) 168,676
2131 ROLLINGWOOD FL 65 323,994 525 1,638 10,050 (50,830) (19,410) 265,967
2139 MEADOWOOD II FL 54 280,040 2,096 424 602 (5,818) (297) 277,047
2143 CEDARWOOD II FL 39 172,498 858 2,095 2,886 (24,868) (5,031) 148,438
2153 NOVAWOOD FL 58 285,508 1,284 6,600 7,639 (35,491) (5,191) 260,350
2154 KNOLLWOOD II FL 56 208,371 184 908 2,044 (197,375) (23,437) (9,305)
2164 PALATKA OAKS II FL 23 110,854 1,301 1,000 (420) (6,886) (4,203) 101,646
2165 NOVAWOOD II FL 61 298,992 2,364 8,018 11,172 (36,374) (12,830) 271,343
2166 WINGWOOD FL 86 434,689 3,270 3,155 8,561 (15,155) (10,010) 424,510
2172 HEATHERWOOD II FL 42 209,826 1,621 2,998 2,203 (26,294) (11,179) 179,174
2173 COUNTRYSIDE FL 60 293,916 1,408 1,107 5,432 (19,114) (8,439) 274,310
2174 COUNTRYSIDE II FL 97 487,997 3,391 2,116 6,752 (37,725) (5,832) 456,699
2189 HIDDEN PINES FL 56 314,014 1,108 820 3,156 (23,210) (9,840) 286,049
2190 MOSSWOOD FL 58 292,168 2,003 2,527 5,664 (24,844) (9,281) 268,236
2191 MOSSWOOD II FL 89 455,769 2,604 4,774 5,814 (34,800) (10,878) 423,284
2193 SUNRISE FL 60 278,009 1,895 1,991 6,039 (39,568) (12,805) 235,560
2194 SUNRISE II FL 37 175,904 331 1,324 1,313 (31,680) (7,707) 139,484
2196 BRANCHWOOD FL 117 584,270 2,165 3,616 6,897 (61,521) (3,252) 532,175
2199 CONCORD SQ II FL 73 350,760 5,177 3,764 5,299 (29,181) (7,584) 328,234
2201 LONGWOOD FL 60 296,240 1,671 1,958 5,341 (19,403) (3,840) 281,966
2202 LONGWOOD II FL 36 178,980 393 2,367 3,610 (14,578) (3,880) 166,892
2205 BRANDYWYNE E FL 38 172,294 1,724 4,251 2,056 (1,705) (2,509) 176,111
143
[Enlarge/Download Table]
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
SYNDICATED
==========================
2212 AMBERWOOD FL 50 225,476 1,650 2,385 7,631 (18,312) (2,542) 216,288
2215 COUNTRYSIDE III FL 34 163,439 888 611 945 (7,380) (603) 157,899
2218 INDIAN RIDGE FL 57 293,110 4,900 3,677 5,318 (29,972) (3,979) 273,054
2222 SHADOWOOD FL 69 344,058 4,703 4,685 6,567 (13,436) (9,905) 336,671
2224 ROSEWOOD FL 66 289,567 3,229 3,811 2,668 (13,551) (4,147) 281,578
2226 SPRINGTREE FL 72 410,006 3,990 3,792 10,669 (13,192) (7,223) 408,041
2230 RIVERWOOD FL 68 320,152 895 2,065 187 (16,573) (5,708) 301,018
2231 APPLEWOOD FL 69 326,048 1,103 3,736 5,459 (13,070) (13,116) 310,161
2234 WINDRUSH FL 67 325,130 707 3,013 3,750 (30,375) (6,690) 295,534
2235 HERONWOOD FL 59 304,573 1,040 2,745 6,133 (22,376) (4,523) 287,592
2237 SANDPIPER II FL 66 325,722 788 6,111 4,642 (44,631) (8,008) 284,625
2240 BAYSIDE FL 59 249,062 2,204 1,590 3,331 (20,266) (1,545) 234,377
2242 DEERWOOD FL 50 249,330 1,904 1,452 (3,627) (15,784) (2,518) 230,756
2244 CANDLELIGHT FL 51 217,042 2,135 3,306 3,868 (24,864) (926) 200,560
2246 GARDEN TERRACE II FL 65 282,661 4,669 4,033 6,078 (39,012) (12,017) 246,412
2247 INDIAN RIDGE II FL 39 203,029 1,615 2,748 1,273 (11,498) (1,013) 196,154
2249 SHADOWOOD II FL 70 344,148 872 3,234 7,013 (24,920) (6,735) 323,613
2251 STRAWBERRY PL FL 55 237,744 2,305 3,656 4,091 (6,370) (2,453) 238,973
2253 CRYSTAL CT FL 72 307,363 1,571 2,267 5,518 (31,860) (2,858) 282,001
2254 TURKSCAP III FL 50 244,648 2,409 1,190 2,667 (16,682) (3,333) 230,900
2265 PINE LAKE FL 41 190,054 1,716 1,031 2,728 (25,703) (3,197) 166,628
2284 CAPITAL RIDGE FL 70 367,606 3,954 1,724 5,432 (16,336) 1,612 363,991
2285 WOODLAND FL 92 482,204 1,570 9,210 12,635 (34,768) (31,014) 439,837
2288 SHADOW RIDGE FL 62 313,783 1,480 1,752 5,264 (20,947) (1,135) 300,198
2295 HICKORY PL FL 70 358,044 1,035 2,792 4,338 (18,591) (412) 347,206
2300 PINE TERRACE FL 80 367,289 802 3,638 3,792 (11,488) (1,778) 362,255
2301 PALM PL FL 80 452,283 2,661 5,660 6,660 (6,240) (1,136) 459,888
2309 THE LANDINGS FL 60 273,580 4,398 2,995 4,402 (9,944) (4,398) 271,033
2311 ASTORWOOD FL 75 471,687 2,070 3,168 9,067 (11,999) (5,660) 468,333
2312 PINELLAS PINES FL 68 350,745 1,247 2,486 5,545 (34,261) (8,516) 317,244
2313 SPRING GATE FL 66 310,683 1,869 2,984 2,698 (3,522) (910) 313,802
2314 GARDEN TERRACE III FL 91 416,497 9,921 3,492 7,536 (89,068) (14,170) 334,208
2340 SHADOW BAY FL 53 276,789 330 3,718 4,930 (12,531) (2,807) 270,429
2341 TERRACE TRACE FL 88 393,961 1,854 3,445 3,501 (9,102) (2,240) 391,419
2343 KINGS CROSSING FL 69 351,498 1,698 2,178 3,197 (17,856) (1,924) 338,791
2344 ELMWOOD FL 52 314,790 719 4,459 14,318 (18,525) (15,500) 300,262
2355 NOVA GLEN FL 62 315,281 1,459 2,540 6,399 (35,625) (11,682) 278,372
2363 MORNINGSIDE II FL 184 772,755 4,946 4,173 10,692 (224,531) (19,300) 548,736
2365 APPLEWOOD II FL 92 437,833 727 4,191 6,689 (118,272) (16,649) 314,519
2376 MOULTRIE FL 79 434,915 2,101 2,094 3,854 (6,948) (1,806) 434,210
2379 SUGARTREE FL 60 303,295 1,370 2,245 3,283 (25,853) (1,196) 283,144
2387 SOUTHGATE FL 62 425,867 2,168 2,048 8,625 (27,256) (7,977) 403,475
2399 SUTTON PL FL 55 253,232 1,704 5,618 162 (18,143) (4,670) 237,903
2405 DRIFTWOOD FL 63 326,699 3,378 2,222 5,852 (4,164) (6,483) 327,505
2407 PINE MEADOWS FL 60 323,859 1,238 3,164 6,577 (18,189) (4,305) 312,344
2411 ELMWOOD II FL 50 300,942 2,389 4,038 10,797 (17,229) (10,280) 290,657
2412 PARKWAY N FL 56 299,422 983 1,978 4,937 (16,837) (2,135) 288,348
2416 PINE TERRACE II FL 68 312,761 614 2,009 3,836 (13,519) (1,445) 304,257
2422 HILLVIEW TERRACE FL 60 289,864 2,527 2,200 5,460 (1,501) (656) 297,894
2427 HILLCREST VILLA FL 65 288,473 2,018 2,291 3,287 (5,056) (1,289) 289,723
2429 CYPRESS FL 70 339,020 2,481 2,053 5,681 (25,176) (2,103) 321,956
2431 OLYMPIAN VIL FL 87 568,505 1,219 5,160 20,356 (66,743) (33,483) 495,014
2432 SILVER FOREST FL 51 243,515 706 3,155 3,038 (26,494) (1,325) 222,595
2438 BERRY PINES FL 64 287,451 1,356 3,554 4,045 (14,051) (1,936) 280,420
2439 OAK RIDGE FL 63 306,601 2,593 2,118 4,961 (3,188) (2,036) 311,050
2441 OAK SHADE FL 82 411,095 1,596 145 3,720 (10,178) (281) 406,098
2442 HOLLY SANDS FL 72 373,083 4,600 4,217 6,272 (4,931) (3,756) 379,485
2443 BROADVIEW OAKS FL 90 408,845 3,567 4,609 5,609 (17,778) (6,852) 398,001
2444 THYMEWOOD FL 90 644,796 2,633 2,370 15,913 (39,661) (25,197) 600,852
2446 SHADOW BAY II FL 59 308,413 2,418 6,620 4,904 (15,351) (7,881) 299,123
2447 CANDLELIGHT II FL 60 250,059 3,403 2,854 (912) (34,128) (963) 220,312
2449 SUGARTREE II FL 60 302,117 2,001 2,050 3,850 (20,911) (2,269) 286,838
2451 WINTER WOODS FL 57 283,798 893 2,722 6,443 (9,514) (3,264) 281,078
2452 WOODLAND II FL 77 406,991 1,113 11,701 13,453 (31,529) (36,474) 365,255
2454 BEL AIRE FL 70 427,107 1,512 7,766 10,906 (20,980) (9,212) 417,099
2459 CLEARLAKE PINES II FL 52 267,596 1,071 828 5,667 (20,792) (6,075) 248,295
144
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
SYNDICATED
==========================
2460 MANCHESTER FL 78 379,179 2,248 4,034 1,050 (13,791) (3,709) 369,010
2461 RANCHSIDE FL 76 317,102 2,624 1,867 (1,136) (16,755) (2,818) 300,885
2464 ESSEX SQ FL 88 400,540 1,698 5,927 7,532 (2,278) (5,881) 407,538
2465 WESTCREEK FL 86 438,958 1,393 3,038 7,521 (31,094) (9,605) 410,211
2466 SKY PINES FL 89 443,618 1,366 3,779 9,073 (31,633) (24,239) 401,964
2470 RIVERS END FL 66 339,801 1,970 2,305 1,895 (5,597) (2,764) 337,609
2471 BRIDGE POINT FL 71 346,591 2,753 2,626 5,239 (16,711) (3,461) 337,037
2478 NOVA GLEN II FL 81 400,491 1,160 1,033 8,838 (38,727) (19,389) 353,406
2483 OAKWOOD MANOR FL 64 353,372 764 1,618 7,835 (19,663) (7,637) 336,289
2484 HOLLY RIDGE FL 98 606,225 2,182 4,232 11,798 (33,550) (9,371) 581,515
2488 HIGH POINTS FL 95 379,156 1,789 4,966 4,478 (45,722) (2,554) 342,113
2499 WINTER WOODS II FL 44 222,860 346 3,744 742 (19,253) (6,040) 202,399
2502 PALM SIDE FL 87 392,833 837 1,557 6,566 (22,616) (7,626) 371,551
2574 PALM BAY/WINDWOOD II FL 64 293,836 2,928 4,497 7,533 (71,641) (14,682) 222,472
3101 MEADOWOOD NORCROSS GA 63 379,102 2,404 3,272 7,414 (1,557) (390) 390,246
3102 CEDARGATE LAWRENCEVILLE GA 55 330,788 4,270 2,494 5,562 (2,819) (1,469) 338,826
3104 WILLOW RUN DEKALB GA 74 445,915 671 1,495 10,979 (26,677) (22,838) 409,544
3108 FOREST VIL BIBB GA 83 448,342 3,470 2,615 1,811 (20,280) (1,141) 434,817
3109 RIDGEWOOD DEKALB GA 63 377,478 1,361 2,336 8,506 (16,759) (11,500) 361,422
3111 IRIS GLEN ROCKDALE GA 80 472,434 2,494 7,194 6,182 (24,062) (5,447) 458,796
3112 MEADOWLAND CLARKE GA 60 320,170 1,910 1,764 3,988 (26,522) (2,642) 298,668
3114 WILLOWOOD MILLEDGEVILLE GA 63 313,574 4,367 1,285 13 (17,141) (1,197) 300,902
3115 MEADOWOOD NORCROSS II GA 51 313,326 3,025 3,529 1,583 (2,864) (3,903) 314,695
3116 VALLEYFIELD DEKALB GA 66 392,430 947 627 10,614 (11,745) (5,258) 387,615
3117 NORWOOD GWINNETT GA 76 457,882 1,568 921 2,767 (2,138) (709) 460,291
3118 SHADOW TRACE DEKALB GA 81 488,216 2,650 1,552 9,266 (13,149) (9,146) 479,388
3120 OAKLEY WOODS UNION CITY GA 60 344,782 1,577 3,753 10,668 (20,850) (21,750) 318,179
3121 ELMWOODS MARIETTA GA 48 293,119 1,998 409 141 (2,453) (372) 292,842
3122 WOOD TRAIL NEWMAN GA 61 341,224 2,416 5,720 5,178 (608) (1,206) 352,725
3123 REDAN VIL DEKALB GA 78 461,698 3,525 332 11,762 (11,676) (18,487) 447,154
3124 BARRINGTON DEKALB GA 47 282,046 546 2,404 8,582 (16,274) (11,459) 265,845
3125 STRATFORD LANE COLUMBUS GA 68 326,769 2,485 3,621 6,015 (9,250) (1,379) 328,260
3127 WOODCLIFF LILBURN GA 73 428,139 2,664 1,996 3,830 (22,516) (2,007) 412,106
3128 WOODCREST GA 66 325,641 1,231 1,295 3,395 (2,903) (658) 328,001
3130 RAMBLEWOOD RICHMOND GA 84 400,448 4,236 2,635 6,818 (31,402) (5,859) 376,875
3131 COUNTRYSIDE MANOR GA 83 467,794 2,686 10,993 6,386 (11,586) (10,828) 465,446
3132 WINDSOR VIL TN 54 259,457 489 1,292 978 (6,403) 22 255,835
3135 WATERBURY CLARKE GA 53 288,320 4,345 1,237 4,267 (21,183) (2,552) 274,433
3136 BURNSBROOKE ATHENS TN 61 288,106 2,096 1,041 1,621 (46,333) 804 247,335
3137 GENTIAN OAKS COLUMBUS GA 62 299,000 802 2,537 3,258 (9,899) (310) 295,389
3138 WILLOW CREEK GRIFFIN GA 53 277,216 1,556 1,467 3,661 (783) (4,023) 279,095
3139 TIMBERWOODS PERRY GA 60 282,735 1,934 4,717 2,336 (17,361) (5,785) 268,577
3140 CARRIAGE HILLS DUBLIN GA 60 280,196 1,736 2,320 (1,158) (17,202) 521 266,413
3141 HILLANDALE MANOR DEKALB GA 48 297,028 2,447 215 8,358 (7,538) (7,574) 292,936
3142 WHISPERWOOD CORDELE GA 50 220,835 3,043 2,757 1,409 (5,467) 215 222,792
3143 OAKWOOD VIL RICHMOND GA 70 341,890 2,094 3,636 2,485 (7,919) (4,376) 337,810
3145 PINE KNOLL CLAYTON GA 46 256,951 1,673 1,048 2,716 (8,238) (1,678) 252,472
3149 HARBINWOOD GWINNETT GA 72 451,102 2,086 4,871 5,223 98 178 463,558
3150 PARKWOOD VIL GA 69 394,479 3,629 7,826 6,412 (25,198) (9,922) 377,226
3151 AMBERWOOD BARTOW GA 56 296,010 2,309 3,380 3,373 (9,274) (2,698) 293,100
3152 WOOD VALLEY CALHOUN AL 69 312,909 2,645 3,018 3,536 (11,083) 45 311,070
3153 NORTHRIDGE CARROLLTON GA 77 382,893 4,735 4,317 6,032 (14,527) (2,900) 380,549
3154 HILLSIDE MANOR AMERICUS GA 60 257,871 1,950 2,179 3,778 (14,991) (5,338) 245,449
3156 VALLEYFIELD DEKALB II GA 66 396,361 4,534 (73) 8,694 (14,877) (10,002) 384,636
3158 WOODCLIFF LILBURN II GA 72 404,994 1,907 1,570 1,351 (19,942) (1,558) 388,322
3159 FOREST RIDGE RICHMOND GA 75 330,477 529 3,039 4,992 (36,810) (8,847) 293,380
3160 SHANNON WDS UNION CITY II GA 74 389,743 3,699 4,333 10,299 (25,884) (21,823) 360,367
3161 HOLLY PARK COLUMBUS GA 66 298,204 1,905 2,929 4,742 (6,122) (1,187) 300,470
3162 REDAN VIL DEKALB II GA 76 434,721 3,717 1,925 13,069 (20,836) (16,846) 415,750
3163 RIDGEWOOD DEKALB II GA 52 302,437 1,159 3,279 8,495 (11,090) (11,742) 292,538
3168 KNOX LANDING KNOXVILLE TN 85 409,517 2,958 3,171 4,405 (25,957) (3,966) 390,129
3176 MORGAN TRACE UNION CITY GA 80 424,765 3,137 2,264 7,818 (27,207) (6,748) 404,028
3184 AMBERWOOD II GA 61 319,105 2,998 5,103 2,546 (17,626) (2,368) 309,757
3197 PARKWOOD VIL II GA 66 361,779 4,351 4,265 2,190 (22,608) (5,053) 344,924
3200 SKYRIDGE GA 120 683,597 2,891 5,851 3,924 (11,361) (3,759) 681,144
3266 MARSH LANDING GA 57 278,804 2,128 2,986 822 (12,240) (420) 272,081
145
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
-----------------------------------------------------------------------------------------------
Laundry
Vending
Rent Interest Security & Other Net
Prop# Name Loc Units Revenue Revenue Deposits Revenue Vacancies Bad Debts Revenues
==============================================================================================================================
SYNDICATED
==========================
3269 WOODSIDE GA 52 236,791 3,816 2,418 3,608 (8,717) 0 237,916
3270 GREENTREE GA 43 190,808 667 495 2,865 (8,719) (1,335) 184,782
3271 STILLWATER GA 53 275,497 1,413 1,762 3,183 (7,273) (2,712) 271,871
3353 RAMBLEWOOD II GA 28 129,052 2,078 1,793 754 (4,016) (15) 129,647
3358 LINK TERRACE GA 54 285,540 2,992 1,776 5,832 (18,749) (2,435) 274,956
3366 GREENTREE II GA 32 144,053 508 1,475 2,062 (10,071) (3,120) 134,907
3378 SUNNYSIDE GA 72 321,809 1,901 7,005 4,357 (5,995) (133) 328,943
3409 QUAIL CALL GA 55 246,573 548 2,639 4,498 (5,205) (1,904) 247,150
3428 WESTWAY GA 70 350,321 4,222 3,738 2,789 (12,387) (2,212) 346,471
3430 CAMDEN WAY GA 63 274,010 580 888 2,731 (80,322) (1,476) 196,410
3450 CAMDEN WAY II GA 60 262,454 5,940 1,031 3,475 (67,534) (1,016) 204,349
4101 FORSYTHIA CT HARFORD MD 76 441,642 2,086 65 7,491 (24,490) (1,590) 425,204
4149 GLEN HOLLOW GLEN BURNIE MD 47 310,213 468 2,700 2,676 (18,011) (1,006) 297,040
4708 ANNHURST HARFORD MD 68 414,654 2,428 4,832 6,938 (19,841) (4,882) 404,128
-------------------------------------------------------------------------------------------
409 25,859 $130,169,282 $831,514 $1,097,892 $1,600,490 $(8,163,745) $(1,800,439) $123,734,994
-------------------------------------------------------------------------------------------
146
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
WHOLLY OWNED PROPERTIES
==============================
1375 RIVERVIEW ESTATES $171,114 $206,175 $123,479 $0 $(20)
1377 APPLE RIDGE I 94,839 140,849 113,226 389 2,971
1389 THE WILLOWS I 90,246 110,620 51,287 0 0
1439 MONTROSE SQUARE 245,572 223,929 143,259 0 0
1542 SPRINGWOOD 87,967 127,137 69,653 0 1,326
1620 MEADOWOOD 102,647 59,144 38,730 5,860 0
1672 * RIDGEWOOD ELHART 67,397 69,722 44,957 0 (4,826)
1690 HEATHMOORE I 153,216 230,194 116,446 350 0
1750 CEDARWOOD II 84,133 142,100 109,204 0 2,191
1780 BRUNSWICK 190,835 210,315 110,429 27,546 0
1786 SPICEWOOD 124,919 135,499 94,913 0 52
1806 WINTHROP CT II 79,768 102,223 79,397 427 1,755
1809 MEADOWOOD II 190,728 116,672 66,366 0 3,574
1810 ACADIA CT II 241,539 294,170 167,873 0 0
1814 ASHFORD HILL 157,056 196,160 132,542 0 0
1816 CEDARWOOD III 85,702 140,501 78,816 0 5,779
1822 MARABOU MILLS I 174,125 233,850 141,478 0 1,613
1823 ELMTREE PARK I 166,599 170,121 108,106 0 0
1824 AMESBURY I 126,354 156,104 91,357 707 0
1825 BRADFORD PL 147,684 165,833 110,196 4,078 4,255
1830 SHERBROOK 192,284 180,672 108,008 0 0
1833 HAYFIELD PARK 155,573 250,319 123,901 0 0
1838 CEDARGATE II 93,183 168,880 84,614 0 0
1839 DARTMOUTH PL II 108,409 163,762 78,303 0 0
1841 WILLOWOOD II 134,686 126,250 79,889 0 (17)
1843 DOGWOOD GLEN I 158,633 262,293 142,036 1,008 689
1846 CHERRY GLEN I 148,992 176,952 123,068 0 0
1853 FOXHAVEN 195,046 266,482 168,420 0 (17)
1859 ANNHURST II 106,626 138,395 96,550 634 0
1863 HUNTER GLEN 148,559 158,783 92,414 0 0
1869 HARVEST GROVE I 130,370 211,256 123,464 0 0
1871 CLEARWATER 95,955 139,513 79,765 0 0
1877 SHERBROOK 216,798 266,072 122,220 0 549
1880 ARAGON WOODS 142,091 170,435 98,918 0 0
1885 NEWBERRY II 95,332 156,215 91,254 0 0
1887 RIVER GLEN I 104,038 172,089 97,098 0 3,152
1889 APPLEGATE II 162,232 222,474 114,472 711 646
1895 ROSEWOOD COMMONS II 151,638 201,843 115,965 0 12,062
1898 RIDGEWOOD II 187,137 242,324 121,624 0 0
1908 CHERRY GLENN II 148,141 180,374 96,023 0 0
1909 LINDENDALE 127,669 223,447 135,873 0 6,320
1911 ELMTREE PARK II 116,364 123,680 105,712 0 0
1914 WOODLANDS II 146,650 187,350 100,550 0 0
1917 WILLOWOOD II 102,079 176,429 78,739 0 0
1935 RED DEER II 108,284 218,510 110,442 0 (0)
1936 SUFFOLK GROVE II 96,939 173,380 97,207 0 2,489
1937 THE WILLOWS III 85,006 119,941 77,796 324 0
1946 AMBERWOOD 156,558 107,926 73,635 17,624 1,805
1966 RIVER GLEN II 90,507 154,452 118,427 642 2,928
1982 MARABOU MILLS III 117,816 174,570 137,694 0 3,100
1983 CAMBRIDGE COMMONS III 145,868 121,259 116,933 14,680 0
1986 GARDEN CT 217,533 335,262 157,038 0 0
1005 ANNHURST III 112,680 126,836 84,714 0 2,959
1039 LAUREL BAY 193,530 170,797 80,487 0 0
2137 WINDWOOD I 152,918 91,784 46,611 11,311 900
2208 GARDEN TERRACE I 123,275 113,966 52,053 0 19,304
2385 CANTERBURY CROSSINGS 215,223 255,656 118,943 25,133 0
2455 THYMEWOOD II 231,654 241,466 145,114 15,775 0
2462 FOREST GLEN 149,312 190,362 87,677 0 3,855
2469 BEL AIRE II 174,917 133,113 99,793 11,401 0
2479 HERON POINTE 245,002 246,277 67,871 603 1,187
2482 OAKWOOD VILLAGE 164,764 120,677 54,599 0 4,446
2487 RIVERS END II 141,087 207,592 104,413 0 0
2501 WHISPERING PINES II 93,289 89,060 47,537 11,580 0
2512 SKY PINES II 119,294 117,632 91,740 0 20,882
2513 CRYSTAL CT II 140,554 160,663 102,052 25,686 0
2515 HIDDEN ACRES 204,853 232,599 124,059 26,353 1,165
147
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
WHOLLY OWNED PROPERTIES
==============================
2519 CENTRE LAKE III 717,737 633,057 439,593 0 3,056
2520 PINE VIEW 236,900 183,861 111,756 26,937 0
2521 BLUEBERRY HILL I 170,120 130,433 68,440 0 (17)
2526 HOLLY SANDS II 111,677 155,577 74,315 15,627 212
2527 SUNSET WAY I 299,029 297,638 173,465 18,000 44,152
2530 PINE BARRENS 247,809 260,739 129,609 0 3,402
2535 PELICAN POINTE I 168,442 230,483 120,153 0 (17)
2537 CALIFORNIA GARDENS 146,495 155,994 87,590 21,645 0
2543 MIGUEL PL 163,350 204,656 107,544 23,579 0
2545 JUPITER COVE I 157,493 219,624 109,429 25,490 0
2546 PELICAN POINTE II 145,774 185,837 74,495 0 461
2547 MARK LANDING I 187,957 199,772 84,954 19,457 0
2549 JUPITER COVE III 160,584 209,194 119,483 16,628 0
2556 HILLSIDE TRACE 122,150 148,839 76,278 18,726 0
2559 JEFFERSON WAY I 137,110 150,732 81,021 11,794 0
2580 SUNSET WAY II 308,771 289,346 232,259 0 0
2587 OAK GARDENS 301,595 338,717 218,822 32,015 0
3166 CEDAR HILL 154,275 230,372 111,259 544 0
3171 LAUREL GLEN 171,342 279,519 185,913 637 2,919
3173 SPRINGBROOK 178,928 222,512 156,627 0 368
3174 LAKESHORE I 179,165 173,341 80,434 463 0
3175 GLENVIEW 156,617 194,911 129,362 0 0
3186 RAMBLEWOOD II 192,217 246,755 166,112 3,000 0
3188 VALLEYBROOK 107,949 275,395 157,042 0 1,969
3189 WILLOW LAKES 170,792 272,156 163,771 0 0
3190 GLENWOOD VILLAGE 158,263 215,068 117,637 0 0
3208 RAVENWOOD 159,621 230,358 131,272 0 0
3209 INDIAN LAKE I 473,684 890,526 418,350 0 0
3231 WALKER PL 155,851 138,646 76,341 0 6,482
3233 GREENBRIAR GLEN 176,740 240,262 136,145 22,453 6,270
3400 HATCHERWAY 113,488 139,768 88,691 2,760 4,639
3417 GLEN ARM MANOR 126,309 174,130 100,832 15,277 0
3480 MILL RUN 181,211 212,251 119,681 4,433 (275)
3486 STEWART WAY I 146,197 182,430 129,315 4,790 5,866
3494 WILCREST WOODS 164,234 176,514 99,563 3,688 5,465
3496 MARSHLANDING II 107,602 123,084 83,823 0 0
3522 STEWART WAY II 139,328 182,171 116,795 4,326 8,516
3532 KINGS COLONY 185,283 272,447 149,421 0 24,640
4109 CHERRY TREE 207,635 361,155 202,260 0 0
4111 FORSYTHIA CT II 160,526 249,744 222,266 0 0
4133 MERRIFIELD 203,505 308,208 193,644 0 13,436
5910 MARABOU MILLS II 128,633 177,858 89,955 0 7,703
5886 PICKERINGTON MEADOWS 123,559 162,528 79,394 545 39,199
5903 BRUNSWICK II 157,636 159,877 118,984 0 48,368
5906 AMESBURY II 143,037 170,345 118,109 0 49,505
5951 HARVEST GROVE II 121,055 144,233 99,736 0 35,898
------------------------------------------------------------
113 $18,259,463 $22,502,451 $13,119,364 $495,636 $419,291
------------------------------------------------------------
* Partial year
148
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
SYNDICATED
==============================
1109 DOGWOOD TERRACE $237,560 $157,908 $174,330 $0 $59,338
1112 LONDON LAMPLIGHT 120,336 114,187 16,717 0 4,379
1123 SPRINGFIELD WOODGATE 89,004 60,859 25,936 6,390 0
1262 THE BIRCHES LIMA 97,688 120,425 85,780 0 3,395
1297 PLUMWOOD APTS 172,946 306,685 157,398 0 14,034
1310 MELDON PL 229,053 314,175 161,716 0 62,866
1320 WEST OF EASTLAND 214,061 282,890 198,548 0 65,054
1322 PARKVILLE 190,190 243,826 155,826 0 1,799
1327 CHARING CROSS APTS 114,832 153,109 74,437 0 25,483
1329 INDEPENDENCE VIL 226,764 295,054 197,866 0 6,219
1330 POPLAR CT 109,105 145,979 72,108 4,209 2,701
1341 GREENLEAF APTS 96,036 59,859 48,256 7,350 6,720
1344 LAUREL CT APTS 122,693 154,872 121,833 0 19,051
1379 AMHURST APTS 155,627 166,973 84,689 0 8,506
1404 KETWOOD APTS 188,279 240,122 150,665 0 0
1436 SANDALWOOD APTS 82,056 90,875 48,100 0 0
1437 HICKORY MILL 121,791 180,905 91,778 0 0
1455 MONTROSE SQ 116,039 125,790 68,014 0 59,415
1456 APPLE RIDGE 82,233 123,267 87,711 0 17,556
1460 WESTWOOD 40,572 12,275 8,194 0 5,378
1461 APPLE RUN II 106,531 103,306 44,712 10,039 23,188
1462 PLUMWOOD 81,549 100,133 38,750 0 8,527
1464 GREENGLEN 108,799 144,596 76,261 13,376 57,118
1465 CEDARWOOD BELPRE 76,437 102,396 55,839 0 2,233
1466 AMHURST II 151,267 170,995 87,962 0 3,415
1469 CHELSEA CT 107,954 148,838 64,135 0 17,956
1470 MILLSTON APTS 92,395 75,081 38,484 0 37,428
1473 MILLBURN II 136,565 112,354 80,940 11,592 26,113
1483 WOODBINE 72,759 91,945 66,503 0 2,547
1485 HAMPSHIRE II 141,893 111,938 61,090 0 28,144
1489 PLUMWOOD 109,379 139,125 57,456 0 28,373
1491 CAMELLIA CT WASHINGTON CH 86,452 83,089 49,167 0 26,736
1499 CONCORD SQ ONTARIO 92,174 90,224 58,384 0 2,679
1505 CAMELLIA CT DAYTON 110,913 153,081 92,793 0 499
1510 BECKFORD PL WAPAKONETA 80,663 71,574 50,005 0 14,920
1511 APPLEGATE CHILLICOTHE II 84,159 58,191 49,566 0 15,018
1512 SPRINGWOOD NEW HAVEN 113,108 104,076 67,368 0 32,089
1516 THE WILLOWS DELAWARE II 74,154 111,507 63,416 0 40,048
1519 GREENGLEN ALLEN II 86,071 131,340 80,041 0 6,037
1523 LARKSPUR MORAINE 64,448 63,844 39,361 0 14,635
1524 MILLSTON ABERDEEN II 68,601 61,066 28,681 0 34,019
1526 CAMELLIA CT COLUMBUS 101,162 205,119 99,097 0 14,843
1527 WOODBINE CUYAHOGA FALLS 115,480 189,188 97,034 0 2,481
1528 APPLEGATE LORDSTOWN 96,540 80,821 48,059 0 19,623
1529 PARKVILLE ENGLEWOOD 109,424 117,522 55,325 0 7,966
1530 CEDARWOOD SABINA 81,425 54,049 35,779 1,750 4,647
1531 ANDOVER CT 136,095 117,852 68,606 0 15,124
1533 HAMPSHIRE BLUFFTON 97,864 97,357 56,752 0 23,045
1534 CONCORD SQ LAWRENCEBURG 107,049 118,266 74,258 0 14,139
1535 GREENGLEN TOLEDO II 101,130 159,028 81,930 0 39,842
1539 FOXTON SEYMOUR 97,670 63,419 63,228 0 9,720
1540 DARTMOUTH PL KENT 118,663 171,410 87,939 0 0
1549 CAMELLIA CT DAYTON II 104,120 141,708 73,383 0 15,680
1550 APPLEGATE COLUMBUS 103,254 187,883 90,467 0 15,338
1553 APPLE RIDGE III 52,174 76,320 48,578 0 1,279
1554 SPRINGWOOD AUSTINTOWN II 107,506 87,234 53,493 2,409 13,166
1555 DOVER PL EASTLAKE 119,714 239,812 105,589 0 15,470
1556 PARKVILLE PARKERSBURG 91,979 115,674 79,298 0 10,654
1557 HARTWICK TIPTON 98,946 107,487 57,361 0 13,995
1558 BECKFORD PL THE PLAINS 121,115 184,053 95,022 0 20,368
1559 LARKSPUR COLUMBUS 120,328 182,256 98,751 0 10,212
1560 SPRINGWOOD COLUMBUS 134,749 156,203 127,446 0 6,683
1561 PARKVILLE GAS CITY 108,194 101,080 62,429 0 30,490
1562 CAMELLIA CT CARROLLTON 111,382 106,199 59,144 0 30,620
1563 FOXTON DAYTON II 181,169 181,855 128,086 0 37,578
1566 APPLE RUN HILLSDALE 93,417 95,044 49,320 0 19,398
1567 PINE GROVE ROSEVILLE 108,548 172,997 119,357 0 1,061
149
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
SYNDICATED
==============================
1568 ASHGROVE FRANKLIN 129,438 172,128 117,168 0 10,024
1569 MEADOWOOD JACKSON 101,117 149,292 99,075 0 5,708
1571 GEORGETOWN S TUSCARAWAS II 136,332 45,440 54,511 0 31,684
1572 CONCORD SQ KOKOMO 93,577 164,756 73,814 0 10,399
1573 SANDALWOOD ALEXANDRIA 103,917 91,661 49,764 0 27,621
1574 AMHURST TOLEDO 118,887 159,060 75,378 0 22,980
1575 HAMPSHIRE WILLIAMSTOWN 72,591 45,787 33,098 0 19,794
1576 MEADOWOOD MANSFIELD 106,525 116,847 84,820 0 17,100
1577 HICKORY MILL HURRICANE 96,159 121,293 69,342 0 21,022
1578 ASHGROVE FLORENCE 117,203 104,184 92,807 0 3,762
1579 MEADOWOOD FRANKLIN 106,751 183,996 85,790 0 9,692
1581 CEDARWOOD GOSHEN 85,806 116,918 52,675 0 0
1582 CONCORD SQ ONTARIO II 62,267 71,605 62,030 0 4,860
1583 MEADOWOOD CRAWFORDSVILLE 146,927 152,894 101,556 0 13,800
1585 BECKFORD PL N CANTON 110,882 187,645 107,709 0 10,924
1587 PINE GROVE COLUMBUS II 31,182 32,114 32,211 0 6,554
1588 PLUMWOOD COLUMBUS III 64,272 101,633 41,645 0 21,000
1589 WOODLANDS COLUMBUS 167,276 249,873 170,313 0 1,927
1590 WOODLANDS FRANKLIN 106,829 104,495 59,604 13,776 39,732
1591 MEADOWOOD FLATWOODS 95,979 120,664 75,558 0 21,552
1592 GREENGLEN DAYTON 154,102 202,812 107,451 0 28,854
1593 ASHGROVE INDIANAPOLIS 143,415 154,299 82,403 0 24,903
1595 MEADOWOOD NICHOLASVILLE 106,360 212,312 97,019 0 31,243
1596 STONEHENGE RICHMOND 130,294 166,798 79,623 0 34,855
1597 WILLOWOOD COLUMBUS 96,495 170,628 58,188 0 32,032
1598 CEDARGATE BOWLING GREEN 98,373 192,758 83,434 0 28,781
1599 WILLOW RUN WILLARD 123,606 94,052 80,871 0 32,682
1600 HEATHMOORE JEFFERSON 140,945 133,956 85,822 0 38,843
1601 STONEHENGE GLASGOW 100,183 105,175 67,035 0 36,315
1602 HEATHMOORE INDIANAPOLIS 115,241 172,315 89,090 0 24,150
1603 APPLE RUN TRUMBULL 116,971 103,710 62,802 0 32,323
1604 FOXTON MONROE 126,204 146,913 83,180 0 2,142
1605 ASHGROVE CALHOUN 118,586 125,072 99,666 0 15,022
1606 STONEHENGE OTTAWA 59,645 96,768 51,655 0 15,277
1613 WOODLANDS ZELIENOPLE 124,348 154,179 80,644 0 18,476
1615 RIDGEWOOD WESTLAND 150,875 164,100 128,451 0 500
1616 HEATHMOORE MACOMB 139,516 242,187 171,512 0 0
1617 DOVER PL EASTLAKE II 127,962 223,362 115,839 0 45,709
1618 DOVER PL EASTLAKE III 60,368 106,551 58,832 0 18,820
1619 CEDARGATE MICHIGAN CITY 146,314 108,319 72,408 0 23,981
1622 CEDARGATE BLOOMINGTON 147,822 245,504 108,128 0 24,000
1623 CEDARGATE LANCASTER 97,495 92,001 55,792 0 25,573
1624 STONEHENGE JEFFERSON 134,475 168,378 80,978 0 65,000
1626 SLATE RUN INDIANAPOLIS 192,941 290,272 160,053 0 31,279
1630 SANDALWOOD TOLEDO 89,542 155,147 92,515 5,184 16,287
1635 RIDGEWOOD COLUMBUS 107,416 201,324 96,011 0 34,455
1637 APPLEGATE DELAWARE 130,094 141,136 66,552 0 20,040
1638 MEADOWOOD LOGANSPORT 90,605 99,243 59,567 0 15,980
1639 SLATE RUN LEBANON 141,424 175,817 81,215 0 30,600
1640 WESTWOOD ROCHESTER 97,010 74,722 67,968 0 25,713
1641 WILLOWOOD WOOSTER 98,394 142,445 66,027 0 24,924
1642 STONEHENGE STARK 130,421 131,891 57,851 0 31,417
1644 RIDGEWOOD LEXINGTON 106,648 215,692 99,182 0 65,584
1645 RIDGEWOOD BEDFORD 94,374 129,475 62,743 0 27,097
1646 CAMELLIA CT COLUMBUS II 70,389 127,765 60,457 0 20,577
1647 CEDARGATE ENGLEWOOD 137,405 165,610 128,149 0 17,881
1648 SLATE RUN HOPKINSVILLE 137,364 104,536 84,134 0 47,372
1649 WILLOWOOD GROVE CITY 103,303 134,933 81,973 0 19,112
1650 MEADOWOOD COLUMBUS 113,341 178,886 97,649 0 25,663
1651 STONEHENGE INDIANAPOLIS 138,780 173,107 90,670 0 31,144
1652 MEADOWOOD WARRICK 128,041 123,330 96,562 0 46,484
1653 WILLOWOOD E INDIANAPOLIS 123,954 160,106 87,805 3,299 39,303
1655 CEDARGATE SHELBY 114,919 166,945 108,660 0 21,180
1656 RIDGEWOOD RUSSELVILLE 95,658 110,126 73,201 0 34,520
1657 WILLOW RUN NEW ALBANY 140,743 181,378 81,153 0 34,941
150
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
SYNDICATED
==============================
1658 ASHGROVE JEFFERSON 110,245 191,474 97,207 0 37,295
1659 SLATE RUN JEFFERSON 130,187 159,398 83,907 0 45,283
1660 MEADOWOOD LEXINGTON 89,094 145,370 69,190 0 28,075
1661 FORSYTHIA CT COLUMBUS 132,395 162,791 91,376 0 25,388
1663 WATERBURY GREENWOOD 121,799 91,592 64,987 0 23,913
1664 SLATE RUN BARDSTOWN 102,483 100,283 70,935 0 54,263
1666 WILLOWOOD FRANKFORT 114,679 145,223 125,441 0 18,655
1667 BECKFORD PL NEW CASTLE 92,889 109,954 57,192 0 20,700
1669 WILLOWOOD OWENSBORO 105,962 98,185 66,609 0 51,967
1670 STONEHENGE MONTGOMERY 151,351 198,747 104,695 0 43,067
1671 LARKSPUR MORAINE II 39,645 26,311 18,150 0 7,244
1673 SLATE RUN BEDFORD 179,896 195,502 120,550 0 31,226
1674 ROSEWOOD JEFFERSON 151,452 261,319 148,875 0 46,512
1676 MILLBURN STOW 141,731 193,811 98,591 0 30,000
1677 WILLOW RUN MADISONVILLE 127,298 167,104 130,713 0 40,466
1678 CEDARWOOD GOSHEN II 83,824 134,555 83,762 0 17,177
1679 HEATHMOORE EVANSVILLE 142,484 183,369 130,382 0 35,043
1681 FOREST PARK MEADOWOOD 216,167 356,964 168,862 0 0
1682 STONEHENGE TECUMSEH 114,655 143,317 66,690 0 28,500
1683 BRANDON CT BLOOMINGTON 193,665 240,274 132,236 0 45,312
1686 ASHGROVE STERLING 253,579 409,666 247,850 9,220 74,591
1687 MONTGOMERY CT INGHAM 143,568 180,231 106,854 0 29,998
1691 PINE GROVE ROSEVILLE II 72,591 113,830 67,580 0 8,808
1692 MEADOWOOD MONROE 118,840 179,804 119,962 0 26,285
1695 ANNHURST INDIANAPOLIS 207,901 170,689 88,835 0 5,364
1696 ANNHURST ALLEGHENY 269,419 325,193 174,520 0 71,114
1698 WOODLANDS STREETSBORO 123,150 224,291 110,532 0 21,215
1699 ROANOKE OAKLAND 207,636 387,165 186,933 0 35,665
1700 DANIEL CT CLERMONT 236,294 316,649 268,632 0 55,054
1702 STRATFORD SOUTH CHARLESTON 182,520 216,820 150,778 0 36,033
1703 BARRINGTON BEDFORD 207,143 272,370 150,769 0 39,000
1704 MULBERRY HILLIARD 138,086 183,004 104,439 2,875 21,950
1705 WOODLANDS COLUMBUS II 136,914 200,223 110,487 23,987 30,000
1707 LARKSPUR COLUMBUS II 124,918 190,244 112,151 0 90,937
1714 NEWBERRY EATON 126,372 204,356 106,068 0 8,891
1717 HICKORY MILL HURRICANE II 85,735 113,774 62,118 0 32,381
1718 MEADOWOOD COLUMBUS II 46,412 66,701 34,772 0 18,354
1719 VALLEYFIELD LEXINGTON 152,359 255,497 133,780 0 64,307
1720 RIDGEWOOD COLUMBUS II 100,903 192,302 92,810 0 30,609
1721 OLIVEWOOD INDIANAPOLIS 135,388 187,531 87,822 0 39,915
1723 ROANOKE JEFFERSON 142,454 192,808 94,904 0 27,900
1724 MEADOWOOD CUYAHOGA FALLS 127,418 209,247 119,091 0 31,500
1725 RIDGEWOOD LEXINGTON II 90,436 176,770 98,958 0 38,897
1726 STONEHENGE JASPER 78,890 66,310 34,797 0 23,040
1727 CARLETON CT KANAWHA 141,395 195,726 112,572 0 35,710
1728 NEWBERRY GROVE CITY 137,534 136,792 72,120 13,035 41,724
1729 BECKFORD PL N CANTON II 110,412 188,330 113,937 0 34,923
1730 NORTHRUP CT ALLEGHENY 148,674 197,097 111,095 23,756 18,212
1731 FORSYTHIA CT JEFFERSON 195,607 276,538 162,766 6,029 52,749
1732 WINTHROP CT FRANKFURT 168,281 165,181 112,983 0 51,343
1733 PRINCETON CT EVANSVILLE 144,485 143,060 86,751 3,192 48,623
1735 ROSEWOOD COLUMBUS 199,699 214,832 119,924 0 43,789
1737 SLATE RUN JEFFERSON II 128,772 164,496 128,513 0 37,462
1741 WILLOWOOD TROTWOOD 137,160 124,606 72,640 15,055 32,652
1744 BRUNSWICK TRUMBULL 106,198 200,150 106,212 0 0
1745 WYCLIFFE CT 123,870 177,998 119,281 0 50,806
1747 SLATE RUN MIAMISBURG 115,389 134,178 77,918 0 30,529
1748 MONTGOMERY CT COLUMBUS 139,237 175,913 101,226 0 53,094
1749 WATERBURY CLARKSVILLE 109,302 150,423 77,305 0 28,775
1751 WINTHROP CT COLUMBUS 126,217 178,866 99,369 0 28,913
1752 PICKERINGTON MEADOWS 129,276 135,181 73,544 0 63,468
1756 WATERBURY CLERMONT 161,577 207,041 105,951 0 40,605
1757 WILLOWOOD GROVE CITY II 60,102 70,307 39,137 7,064 17,486
1758 CEDARGATE BLOOMINGTON II 122,460 203,791 102,461 0 33,768
1759 ACADIA CT 237,184 310,931 192,679 0 67,805
151
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
SYNDICATED
==============================
1760 WILLOWOOD E INDIANAPOLIS II 116,486 144,875 71,904 0 45,661
1761 SHERBROOK COLUMBUS 120,261 154,295 88,555 0 32,264
1762 LONGWOOD LEXINGTON 118,420 162,275 99,894 0 51,056
1763 NORTHRUP CT ALLEGHENY II 126,215 148,836 79,867 0 35,273
1765 LAURELWOOD CT BEDFORD 94,446 124,143 64,625 0 36,956
1768 CARLETON CT ANN ARBOR 273,458 382,170 197,665 0 109,023
1770 VALLEYFIELD 240,495 264,813 180,604 0 29,542
1772 WENTWORTH ROSEVILLE 171,198 249,870 138,054 0 34,707
1773 WATERBURY WESTLAND 252,816 332,450 195,281 0 50,637
1777 HEATHMOORE INDIANAPOLIS II 151,058 241,298 122,564 0 32,316
1779 AMBERIDGE 118,704 137,390 87,120 0 25,500
1783 WOODLANDS STREETSBORO II 120,764 218,214 141,706 0 85,799
1785 CARLETON CT ERIE 156,868 134,358 96,913 0 22,379
1787 ROSEWOOD COMMONS 189,136 244,709 163,302 0 34,685
1790 WILLOWOOD FRANKFORT II 101,498 122,673 78,816 0 38,690
1794 ANNHURST COLUMBUS 110,031 143,264 95,074 0 72,817
1799 BEREA TABOR RIDGE 222,525 270,608 161,200 0 0
1801 WILLOWOOD WOOSTER II 105,212 117,091 74,013 0 2,627
1804 CAMBRIDGE COMMONS 184,456 197,323 82,202 20,300 35,039
1805 OLIVEWOOD INDIANAPOLIS II 136,578 177,911 97,138 0 150
1807 BRUNSWICK MONONGALIA 183,141 253,739 167,958 0 45,264
1812 HAMPTON WOODS COLUMBUS 109,276 101,813 77,698 0 22,273
1813 SUFFOLK GROVE GROVE CITY 131,595 225,142 113,374 0 43,234
1815 MONTGOMERY CT COLUMBUS II 122,687 172,199 74,545 1,785 36,982
1818 REDWOOD HOLLOW SMYRNA 146,372 205,718 131,001 0 46,673
1829 CLEARVIEW GREENWOOD 142,497 223,746 101,122 4,998 89
1832 ANSLEY OAKS 150,814 179,170 117,186 16,630 30,000
1844 STERLING HGTS OLIVEWOOD 322,216 566,159 256,893 0 0
1847 RED DEER FAIRBORN 116,376 229,882 124,193 0 (4,337)
1851 ASHGROVE STERLING II 187,916 340,293 196,321 24,464 30,766
1866 HEATHMOORE WAYNE II 125,159 194,968 90,269 0 13,807
1875 DOVER PL EASTLAKE IV 141,493 254,121 148,531 0 14,368
1905 CAMBRIDGE COMMONS II 160,049 153,552 125,940 0 1,868
1907 DOGWOOD GLEN MARION II 149,657 227,450 122,414 0 13,293
1916 CLEARVIEW GREENWOOD II 140,677 274,215 120,958 28,949 0
1928 WOODLANDS COLUMBUS III 169,001 257,904 174,593 0 0
1944 TIMBERCREEK TOLEDO 137,943 219,938 142,860 0 0
2100 SANFORD CT INVESTORS 274,401 222,573 178,775 0 0
2106 OLD ARCHER CT 149,925 188,287 71,933 0 14,956
2107 PALATKA OAKS 84,292 34,481 16,406 0 18,172
2108 AZALEA HILL 77,789 76,961 0 0 4,752
2112 TURKSCAP 109,787 90,479 44,501 0 11,228
2114 CEDARWOOD 110,331 105,756 57,531 0 6,448
2115 UNIVERSITY SQ 180,127 167,101 85,108 0 9,308
2129 NORTHWOOD 86,873 81,803 47,948 0 45,060
2131 ROLLINGWOOD 165,735 100,233 111,932 0 2,870
2139 MEADOWOOD II 137,212 139,835 76,264 0 7,387
2143 CEDARWOOD II 80,036 68,401 49,219 0 27,325
2153 NOVAWOOD 154,461 105,888 55,800 13,145 19,364
2154 KNOLLWOOD II 31,635 (40,940) 0 0 62,780
2164 PALATKA OAKS II 58,263 43,383 18,047 0 12,741
2165 NOVAWOOD II 161,458 109,885 71,820 0 29,711
2166 WINGWOOD 196,573 227,937 96,766 22,142 10,761
2172 HEATHERWOOD II 106,092 73,082 45,386 10,823 92
2173 COUNTRYSIDE 152,701 121,609 77,303 0 21,516
2174 COUNTRYSIDE II 235,626 221,072 125,180 30,158 0
2189 HIDDEN PINES 158,174 127,875 78,758 11,909 315
2190 MOSSWOOD 134,128 134,108 72,758 0 33,461
2191 MOSSWOOD II 204,126 219,159 102,618 9,703 12,537
2193 SUNRISE 143,429 92,132 67,401 15,996 30,604
2194 SUNRISE II 92,168 47,316 35,421 1,312 33,414
2196 BRANCHWOOD 242,256 289,919 224,390 0 1,307
2199 CONCORD SQ II 201,429 126,805 72,715 0 78,728
2201 LONGWOOD 144,664 137,302 70,678 16,776 50,103
2202 LONGWOOD II 88,229 78,663 48,801 1,809 34,517
2205 BRANDYWYNE E 90,847 85,264 43,701 10,919 40,210
152
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
SYNDICATED
==============================
2212 AMBERWOOD 139,178 77,110 36,852 0 39,625
2215 COUNTRYSIDE III 78,717 79,182 40,925 9,544 7,306
2218 INDIAN RIDGE 124,180 148,874 87,737 0 37
2222 SHADOWOOD 147,499 189,173 80,838 0 36,000
2224 ROSEWOOD 145,647 135,931 83,678 0 20,093
2226 SPRINGTREE 229,123 178,918 47,718 11,139 1,154
2230 RIVERWOOD 152,145 148,874 69,925 0 55,671
2231 APPLEWOOD 148,252 161,909 101,433 0 56,542
2234 WINDRUSH 156,681 138,853 82,309 3,052 56,623
2235 HERONWOOD 140,794 146,798 89,989 2,760 23,800
2237 SANDPIPER II 141,203 143,422 82,408 0 35,021
2240 BAYSIDE 132,181 102,196 54,289 13,566 52,555
2242 DEERWOOD 123,017 107,739 53,610 12,756 35,405
2244 CANDLELIGHT 105,247 95,313 44,473 10,377 45,944
2246 GARDEN TERRACE II 136,688 109,724 59,498 0 69,275
2247 INDIAN RIDGE II 86,669 109,485 55,186 0 14,541
2249 SHADOWOOD II 143,923 179,691 99,588 3,688 8,994
2251 STRAWBERRY PL 142,218 96,755 40,926 0 44,532
2253 CRYSTAL CT 139,126 142,874 81,219 20,694 44,789
2254 TURKSCAP III 115,923 114,976 37,762 7,959 37,563
2265 PINE LAKE 106,517 60,111 28,526 5,656 44,617
2284 CAPITAL RIDGE 166,042 197,949 119,830 0 14,849
2285 WOODLAND 222,714 217,123 130,990 21,988 7,274
2288 SHADOW RIDGE 136,213 163,985 80,057 0 66,572
2295 HICKORY PL 151,661 195,545 94,243 0 110,168
2300 PINE TERRACE 146,456 215,799 126,320 4,681 87,911
2301 PALM PL 202,263 257,625 107,960 44,650 4,533
2309 THE LANDINGS 140,300 130,733 63,261 0 58,225
2311 ASTORWOOD 228,624 239,709 103,410 41,327 20,049
2312 PINELLAS PINES 171,682 145,562 99,321 0 0
2313 SPRING GATE 150,911 162,892 77,601 0 56,140
2314 GARDEN TERRACE III 189,620 144,588 83,457 0 101,948
2340 SHADOW BAY 139,059 131,370 99,868 0 28,408
2341 TERRACE TRACE 191,414 200,005 88,684 0 70,409
2343 KINGS CROSSING 168,603 170,188 85,093 16,950 70,074
2344 ELMWOOD 156,460 143,801 81,496 19,882 25,706
2355 NOVA GLEN 170,135 108,237 75,420 18,017 63,941
2363 MORNINGSIDE II 432,457 116,279 88,316 21,240 147,231
2365 APPLEWOOD II 185,317 129,203 137,808 21,074 65,044
2376 MOULTRIE 195,067 239,144 116,353 0 54,000
2379 SUGARTREE 124,004 159,140 66,770 13,893 48,905
2387 SOUTHGATE 219,379 184,096 98,388 0 59,941
2399 SUTTON PL 128,647 109,256 56,917 13,889 44,434
2405 DRIFTWOOD 156,751 170,753 32,582 46,035 1,857
2407 PINE MEADOWS 160,645 151,699 84,729 0 61,487
2411 ELMWOOD II 149,794 140,863 110,565 0 64,203
2412 PARKWAY N 150,324 138,024 80,434 2,979 16,258
2416 PINE TERRACE II 125,699 178,557 109,905 4,078 59,599
2422 HILLVIEW TERRACE 132,131 165,763 90,637 12,172 44,490
2427 HILLCREST VILLA 144,199 145,525 67,585 7,225 40,154
2429 CYPRESS 139,881 182,075 89,892 12,253 71,442
2431 OLYMPIAN VIL 269,113 225,901 170,989 0 28,142
2432 SILVER FOREST 101,785 120,810 61,085 15,140 33,853
2438 BERRY PINES 148,708 131,712 79,069 0 45,010
2439 OAK RIDGE 144,409 166,641 79,779 17,146 46,932
2441 OAK SHADE 176,490 229,608 116,981 0 52,271
2442 HOLLY SANDS 143,382 236,103 127,324 0 51,659
2443 BROADVIEW OAKS 182,140 215,861 138,185 0 9,432
2444 THYMEWOOD 292,148 308,705 182,238 22,201 77,825
2446 SHADOW BAY II 148,157 150,967 76,097 19,042 40,025
2447 CANDLELIGHT II 123,491 96,821 47,399 11,391 44,480
2449 SUGARTREE II 124,274 162,564 88,579 0 51,715
2451 WINTER WOODS 145,678 135,400 75,530 0 33,528
2452 WOODLAND II 200,434 164,821 108,387 26,143 53,812
2454 BEL AIRE 229,819 187,281 127,665 14,586 52,241
2459 CLEARLAKE PINES II 130,581 117,714 86,123 0 40,788
153
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
SYNDICATED
==============================
2460 MANCHESTER 180,051 188,959 95,442 19,655 15,900
2461 RANCHSIDE 151,481 149,404 53,136 0 57,113
2464 ESSEX SQ 169,113 238,425 96,066 0 20,532
2465 WESTCREEK 193,758 216,453 122,812 29,524 58,521
2466 SKY PINES 198,697 203,266 115,050 0 67,590
2470 RIVERS END 141,890 195,720 98,933 0 51,854
2471 BRIDGE POINT 175,855 161,182 96,845 0 33,278
2478 NOVA GLEN II 212,365 141,041 102,941 0 54,106
2483 OAKWOOD MANOR 200,917 135,373 118,008 27,276 31,077
2484 HOLLY RIDGE 302,851 278,664 203,745 31,225 26,295
2488 HIGH POINTS 170,162 171,951 84,317 0 76,796
2499 WINTER WOODS II 102,738 99,660 68,929 2,548 36,337
2502 PALM SIDE 213,241 158,310 100,532 3,723 61,269
2574 PALM BAY/WINDWOOD II 147,749 74,723 34,088 8,415 28,188
3101 MEADOWOOD NORCROSS 144,619 245,626 96,339 0 10,655
3102 CEDARGATE LAWRENCEVILLE 125,849 212,978 85,611 0 15,523
3104 WILLOW RUN DEKALB 155,920 253,624 186,649 0 1,578
3108 FOREST VIL BIBB 169,530 265,288 110,753 0 38,728
3109 RIDGEWOOD DEKALB 138,444 222,978 119,840 0 30,790
3111 IRIS GLEN ROCKDALE 198,725 260,071 167,940 0 30,972
3112 MEADOWLAND CLARKE 127,002 171,666 78,392 0 20,661
3114 WILLOWOOD MILLEDGEVILLE 127,725 173,177 106,944 0 29,566
3115 MEADOWOOD NORCROSS II 129,679 185,015 85,406 0 24,359
3116 VALLEYFIELD DEKALB 137,477 250,138 133,787 0 28,800
3117 NORWOOD GWINNETT 180,184 280,107 118,286 0 21,000
3118 SHADOW TRACE DEKALB 166,084 313,304 186,953 0 4,074
3120 OAKLEY WOODS UNION CITY 160,884 157,296 84,264 2,760 13,619
3121 ELMWOODS MARIETTA 118,785 174,057 81,503 0 29,769
3122 WOOD TRAIL NEWMAN 118,642 234,082 99,440 0 28,500
3123 REDAN VIL DEKALB 169,202 277,951 115,535 0 25,790
3124 BARRINGTON DEKALB 113,248 152,597 95,181 0 32,040
3125 STRATFORD LANE COLUMBUS 125,757 202,503 88,666 0 51,270
3127 WOODCLIFF LILBURN 146,706 265,400 116,606 0 42,642
3128 WOODCREST 144,241 183,761 88,763 0 43,961
3130 RAMBLEWOOD RICHMOND 168,787 208,088 138,501 0 108,222
3131 COUNTRYSIDE MANOR 179,144 286,301 115,902 0 44,508
3132 WINDSOR VIL 131,516 124,318 111,864 0 39,239
3135 WATERBURY CLARKE 111,028 163,405 61,732 0 27,839
3136 BURNSBROOKE ATHENS 126,264 121,071 66,703 0 54,221
3137 GENTIAN OAKS COLUMBUS 126,441 168,948 98,924 0 36,600
3138 WILLOW CREEK GRIFFIN 135,520 143,575 77,140 0 26,824
3139 TIMBERWOODS PERRY 137,676 130,901 52,140 0 32,877
3140 CARRIAGE HILLS DUBLIN 135,199 131,214 68,208 0 66,454
3141 HILLANDALE MANOR DEKALB 112,611 180,325 70,787 0 28,215
3142 WHISPERWOOD CORDELE 114,967 107,825 56,590 0 33,293
3143 OAKWOOD VIL RICHMOND 151,028 186,782 102,602 0 36,659
3145 PINE KNOLL CLAYTON 109,344 143,128 66,080 0 25,287
3149 HARBINWOOD GWINNETT 181,072 282,486 150,733 0 50,009
3150 PARKWOOD VIL 140,886 236,341 116,707 0 34,542
3151 AMBERWOOD BARTOW 93,706 199,394 85,640 0 34,131
3152 WOOD VALLEY CALHOUN 109,626 201,444 107,077 16,304 34,715
3153 NORTHRIDGE CARROLLTON 154,306 226,243 95,707 0 46,921
3154 HILLSIDE MANOR AMERICUS 126,677 118,772 60,995 0 37,329
3156 VALLEYFIELD DEKALB II 136,251 248,385 96,354 0 21,559
3158 WOODCLIFF LILBURN II 141,058 247,263 125,318 22,072 46,390
3159 FOREST RIDGE RICHMOND 166,445 126,935 110,693 0 35,338
3160 SHANNON WOODS UNION CITY II 170,735 189,633 61,355 0 31,187
3161 HOLLY PARK COLUMBUS 135,963 164,507 74,246 0 32,518
3162 REDAN VIL DEKALB II 158,093 257,657 101,442 0 20,505
3163 RIDGEWOOD DEKALB II 104,079 188,459 106,532 0 25,097
3168 KNOX LANDING KNOXVILLE 181,760 208,369 143,762 0 38,680
3176 MORGAN TRACE UNION CITY 166,939 237,089 132,401 0 68,275
3184 AMBERWOOD II 92,764 216,993 92,553 3,063 22,113
3197 PARKWOOD VIL II 130,490 214,435 112,303 0 173
3200 SKYRIDGE 258,563 422,580 176,693 0 14,082
3266 MARSH LANDING 122,787 149,294 80,098 0 36,312
154
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
-------------------------------------------------------------
Contractual
First Subordinate Interest
Operating Net Operating Mortgage Debt Payable
Prop # Name Expenses Income Interest Interest to Cardinal
=====================================================================================================
SYNDICATED
==============================
3269 WOODSIDE 85,888 152,028 90,399 0 39,981
3270 GREENTREE 72,105 112,677 69,153 0 5,342
3271 STILLWATER 133,477 138,394 97,680 0 26,864
3353 RAMBLEWOOD II 47,738 81,909 44,757 0 20,125
3358 LINK TERRACE 144,675 130,280 83,276 0 14,540
3366 GREENTREE II 55,986 78,921 48,398 0 10,086
3378 SUNNYSIDE 132,074 196,870 103,899 0 34,500
3409 QUAIL CALL 110,391 136,759 79,585 2,943 40,163
3428 WESTWAY 159,013 187,459 89,042 0 40,282
3430 CAMDEN WAY 116,864 79,546 85,227 2,760 54,782
3450 CAMDEN WAY II 109,771 94,579 74,295 0 32,595
4101 FORSYTHIA CT HARFORD 171,719 253,485 196,968 0 25,506
4149 GLEN HOLLOW GLEN BURNIE 127,924 169,116 156,776 0 1,058
4708 ANNHURST HARFORD 165,525 238,603 121,051 0 29,968
-------------------------------------------------------------
409 $56,038,864 $67,696,130 $38,138,223 $1,146,852 $12,397,718
-------------------------------------------------------------
155
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
WHOLLY OWNED PROPERTIES
===================================
1375 RIVERVIEW ESTATES 70,845 19,058 9,764 (791) (16,159)
1377 APPLE RIDGE I 33,394 14,940 4,165 3,386 (31,623)
1389 THE WILLOWS I 34,975 23,726 1,124 4,299 (4,791)
1439 MONTROSE SQUARE 72,000 30,251 1,021 1,048 (23,650)
1542 SPRINGWOOD 34,417 17,888 2,450 (664) 2,067
1620 MEADOWOOD 19,100 14,663 12,401 (745) (30,866)
1672 * RIDGEWOOD ELHART 18,335 6,228 2,364 1,392 1,272
1690 HEATHMOORE I 39,999 18,194 15,263 9,151 30,791
1750 CEDARWOOD II 30,260 14,205 25,345 2,437 (41,543)
1780 BRUNSWICK 53,200 25,783 7,560 (17,838) 3,636
1786 SPICEWOOD 33,374 6,368 0 (4,456) 5,247
1806 WINTHROP CT II 27,675 7,874 1,108 4,758 (20,771)
1809 MEADOWOOD II 34,200 21,432 6,243 15,871 (31,014)
1810 ACADIA CT II 58,294 25,723 19,493 21,161 1,626
1814 ASHFORD HILL 37,300 34,117 2,014 3,485 (13,299)
1816 CEDARWOOD III 38,752 11,133 6,335 (3,831) 3,518
1822 MARABOU MILLS I 62,496 10,429 6,782 41,460 (30,408)
1823 ELMTREE PARK I 38,500 11,237 0 (8,851) 21,129
1824 AMESBURY I 34,381 11,973 0 5,023 12,662
1825 BRADFORD PL 23,500 10,319 9,221 (912) 5,176
1830 SHERBROOK 39,400 32,953 876 (6,620) 6,055
1833 HAYFIELD PARK 51,012 21,986 1,661 (7,798) 59,556
1838 CEDARGATE II 28,500 3,452 968 2,471 48,876
1839 DARTMOUTH PL II 35,700 10,665 4,989 1,908 32,197
1841 WILLOWOOD II 23,570 18,140 2,642 (10,403) 12,430
1843 DOGWOOD GLEN I 44,930 19,002 4,863 5,492 44,273
1846 CHERRY GLEN I 47,500 12,733 21 (15,733) 9,364
1853 FOXHAVEN 57,293 14,660 9,478 13,350 3,298
1859 ANNHURST II 32,100 3,807 (48) (24,229) 29,581
1863 HUNTER GLEN 42,100 6,301 6,796 (4,553) 15,724
1869 HARVEST GROVE I 37,700 4,021 4,604 12,439 29,028
1871 CLEARWATER 32,587 9,324 2,277 5,164 10,396
1877 SHERBROOK 46,700 25,309 10,159 983 60,152
1880 ARAGON WOODS 40,153 5,469 7,117 18,158 621
1885 NEWBERRY II 21,100 9,169 7,473 517 26,701
1887 RIVER GLEN I 39,900 11,456 0 15,102 5,381
1889 APPLEGATE II 58,876 8,853 19 38,728 170
1895 ROSEWOOD COMMONS II 37,300 25,654 1,308 (11,208) 20,762
1898 RIDGEWOOD II 46,900 19,033 3,061 24,818 26,888
1908 CHERRY GLENN II 54,000 15,345 21 (32,853) 47,839
1909 LINDENDALE 53,488 12,567 1,578 (20,215) 33,835
1911 ELMTREE PARK II 35,300 8,492 590 (8,321) (18,093)
1914 WOODLANDS II 41,100 18,579 4,004 4,450 18,668
1917 WILLOWOOD II 39,700 11,842 0 (6,184) 52,332
1935 RED DEER II 52,770 17,398 2,527 (11,513) 46,885
1936 SUFFOLK GROVE II 42,212 8,862 2,034 27,877 (7,301)
1937 THE WILLOWS III 27,598 10,201 154 25,651 (21,784)
1946 AMBERWOOD 32,401 15,951 6,482 (9,792) (30,181)
1966 RIVER GLEN II 42,140 4,709 370 88,073 (102,837)
1982 MARABOU MILLS III 35,117 6,618 1,767 (1,398) (8,330)
1983 CAMBRIDGE COMMONS III 40,600 5,431 936 19,840 (77,162)
1986 GARDEN CT 70,402 18,138 2,810 5,682 81,192
1005 ANNHURST III 36,477 12,738 48 10,859 (20,959)
1039 LAUREL BAY 40,248 15,125 10,724 21,372 2,840
2137 WINDWOOD I 16,100 28,460 18,722 32,277 (62,597)
2208 GARDEN TERRACE I 33,900 16,934 13,895 15,018 (37,138)
2385 CANTERBURY CROSSINGS 12,200 19,883 21,371 (46,408) 104,535
2455 THYMEWOOD II 23,500 17,146 2,207 9,882 27,842
2462 FOREST GLEN 31,000 17,985 4,322 5,386 40,137
2469 BEL AIRE II 8,700 5,526 1,393 2,651 3,649
2479 HERON POINTE 48,631 24,875 33,665 6,622 62,823
2482 OAKWOOD VILLAGE 17,000 19,817 10,760 3,337 10,719
2487 RIVERS END II 36,283 22,011 11,924 6,441 26,521
2501 WHISPERING PINES II 16,700 19,452 3,092 6,015 (15,316)
2512 SKY PINES II 25,800 17,072 7,916 151,266 (197,044)
2513 CRYSTAL CT II 40,000 14,774 7,733 (1,630) (27,952)
2515 HIDDEN ACRES 34,269 22,458 8,014 19,697 (3,417)
156
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
WHOLLY OWNED PROPERTIES
===================================
2519 CENTRE LAKE III 121,374 120,911 16,616 24,961 (93,453)
2520 PINE VIEW 28,900 36,727 8,154 1,454 (30,066)
2521 BLUEBERRY HILL I 11,700 21,905 3,259 4,060 21,086
2526 HOLLY SANDS II 33,629 9,289 4,573 19,666 (1,734)
2527 SUNSET WAY I 47,690 24,908 16,968 35,234 (62,780)
2530 PINE BARRENS 56,424 31,159 14,424 4,741 20,980
2535 PELICAN POINTE I 44,759 25,453 8,424 266 31,445
2537 CALIFORNIA GARDENS 16,500 7,061 723 12,598 9,878
2543 MIGUEL PL 34,729 30,967 11,602 2,976 (6,742)
2545 JUPITER COVE I 24,300 14,340 2,822 4,534 38,710
2546 PELICAN POINTE II 35,700 23,618 2,956 109,892 (61,285)
2547 MARK LANDING I 49,949 16,571 7,635 1,072 20,133
2549 JUPITER COVE III 36,016 19,320 4,333 22,765 (9,351)
2556 HILLSIDE TRACE 26,200 14,956 5,020 1,138 6,521
2559 JEFFERSON WAY I 34,527 22,398 2,276 2,989 (4,274)
2580 SUNSET WAY II 51,900 19,566 1,162 (3,008) (12,533)
2587 OAK GARDENS 54,900 19,092 179 (14,297) 28,007
3166 CEDAR HILL 40,741 16,812 12,044 (1,199) 50,171
3171 LAUREL GLEN 54,080 17,206 13,268 20,136 (14,640)
3173 SPRINGBROOK 59,208 25,239 1,909 15,117 (35,956)
3174 LAKESHORE I 29,890 18,451 16,286 (5,764) 33,581
3175 GLENVIEW 52,200 9,263 12,399 11,179 (19,492)
3186 RAMBLEWOOD II 57,400 20,846 8,754 10,172 (19,529)
3188 VALLEYBROOK 44,280 12,551 8,753 165,117 (114,317)
3189 WILLOW LAKES 51,688 19,214 (144) (4,240) 41,867
3190 GLENWOOD VILLAGE 31,700 18,727 14,793 7,722 24,489
3208 RAVENWOOD 48,100 7,927 508 3,099 39,453
3209 INDIAN LAKE I 156,483 61,268 31,435 22,443 200,547
3231 WALKER PL 37,200 18,243 0 1,593 (1,212)
3233 GREENBRIAR GLEN 49,245 17,474 15,528 60,795 (67,649)
3400 HATCHERWAY 37,000 6,363 6,187 6,454 (12,326)
3417 GLEN ARM MANOR 41,000 17,401 16,343 36,577 (53,300)
3480 MILL RUN 41,500 34,458 13,070 20,207 (20,822)
3486 STEWART WAY I 54,600 14,749 7,043 (26,946) (6,987)
3494 WILCREST WOODS 38,500 23,441 13,725 20,898 (28,767)
3496 MARSHLANDING II 29,800 11,325 7,706 2,990 (12,559)
3522 STEWART WAY II 47,400 16,171 8,443 15,507 (34,988)
3532 KINGS COLONY 52,000 11,009 2,852 16,192 16,332
4109 CHERRY TREE 79,300 25,293 10,126 16,394 27,782
4111 FORSYTHIA CT II 49,300 7,235 733 (16,479) (13,310)
4133 MERRIFIELD 73,377 17,164 13,236 20,629 (23,278)
5910 MARABOU MILLS II 46,966 5,446 3,190 (6,726) 31,324
5886 PICKERINGTON MEADOWS 42,478 17,523 1,200 35,945 (53,757)
5903 BRUNSWICK II 63,918 17,348 4,753 1,378 (94,871)
5906 AMESBURY II 63,190 20,751 340 9,510 (91,059)
5951 HARVEST GROVE II 48,498 11,661 2,910 19,433 (73,903)
---------------------------------------------------------------------------
113 $4,776,193 $2,004,724 $738,491 $1,167,226 $(218,474)
---------------------------------------------------------------------------
* Partial year
157
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
SYNDICATED
===================================
1109 DOGWOOD TERRACE $93,237 $77,831 $43,697 $(313,512) $22,986
1112 LONDON LAMPLIGHT 18,231 22,761 3,929 (40,978) 89,148
1123 SPRINGFIELD WOODGATE 16,703 10,111 400 (5,553) 6,872
1262 THE BIRCHES LIMA 17,559 14,410 4,588 8,420 (13,726)
1297 PLUMWOOD APTS 26,147 40,642 11,101 49,728 7,634
1310 MELDON PL 67,357 47,767 14,949 (123) (40,357)
1320 WEST OF EASTLAND 86,681 23,507 1,177 8,887 (100,963)
1322 PARKVILLE 32,736 23,899 6,838 21,651 1,077
1327 CHARING CROSS APTS 34,217 17,756 5,349 (5,384) 1,251
1329 INDEPENDENCE VIL 58,696 18,327 3,624 (46,092) 56,413
1330 POPLAR CT 32,768 30,723 11,883 23,948 (32,360)
1341 GREENLEAF APTS 22,854 9,208 0 23,066 (57,595)
1344 LAUREL CT APTS 32,871 11,428 6,671 3,085 (40,066)
1379 AMHURST APTS 33,421 28,959 6,865 340 4,193
1404 KETWOOD APTS 56,306 37,255 1,818 8,111 (14,034)
1436 SANDALWOOD APTS 22,601 4,838 32 3,306 11,999
1437 HICKORY MILL 38,814 23,271 1,828 34,146 (8,932)
1455 MONTROSE SQ 40,687 17,903 2,013 1,844 (64,086)
1456 APPLE RIDGE 46,690 10,791 1,134 2,945 (43,559)
1460 WESTWOOD 7,160 3,709 (10,387) (6,924) 5,145
1461 APPLE RUN II 32,977 19,192 2,523 (10,516) (18,809)
1462 PLUMWOOD 23,567 8,507 3,426 13,793 3,563
1464 GREENGLEN 42,158 15,497 8,849 (929) (67,734)
1465 CEDARWOOD BELPRE 30,739 8,670 (263) (2,474) 7,653
1466 AMHURST II 37,882 40,617 8,097 1,399 (8,377)
1469 CHELSEA CT 37,883 19,753 451 3,962 4,697
1470 MILLSTON APTS 38,391 13,481 1,896 (4,743) (49,856)
1473 MILLBURN II 30,337 30,573 6,567 13,473 (87,242)
1483 WOODBINE 28,767 9,532 1,351 (2,120) (14,635)
1485 HAMPSHIRE II 29,265 21,239 6,478 (8,013) (26,265)
1489 PLUMWOOD 33,104 8,401 3,205 4,089 4,498
1491 CAMELLIA CT WASHINGTON CH 25,810 8,453 5,644 (116,299) 83,578
1499 CONCORD SQ ONTARIO 26,384 8,526 5,300 309 (11,358)
1505 CAMELLIA CT DAYTON 40,224 21,340 2,376 7,426 (11,576)
1510 BECKFORD PL WAPAKONETA 24,832 22,915 3,212 6,089 (50,400)
1511 APPLEGATE CHILLICOTHE II 25,349 19,902 6,039 1,695 (59,378)
1512 SPRINGWOOD NEW HAVEN 31,996 17,647 13,847 (3,713) (55,159)
1516 THE WILLOWS DELAWARE II 25,223 9,585 150 5,035 (31,951)
1519 GREENGLEN ALLEN II 38,782 8,619 2,314 1,505 (5,958)
1523 LARKSPUR MORAINE 22,277 22,088 771 (3,720) (31,567)
1524 MILLSTON ABERDEEN II 30,790 12,235 10,307 (10,438) (44,528)
1526 CAMELLIA CT COLUMBUS 39,808 19,129 4,990 7,103 20,149
1527 WOODBINE CUYAHOGA FALLS 43,328 12,906 8,266 (20,669) 45,843
1528 APPLEGATE LORDSTOWN 20,056 14,121 6,732 2,081 (29,850)
1529 PARKVILLE ENGLEWOOD 24,524 15,633 1,863 18,724 (6,513)
1530 CEDARWOOD SABINA 19,815 13,141 5,140 11,419 (37,641)
1531 ANDOVER CT 37,038 6,962 908 4,483 (15,269)
1533 HAMPSHIRE BLUFFTON 29,956 22,623 1,203 3,616 (39,838)
1534 CONCORD SQ LAWRENCEBURG 29,800 9,032 0 7,567 (16,530)
1535 GREENGLEN TOLEDO II 42,061 13,297 2,911 (6,252) (14,760)
1539 FOXTON SEYMOUR 23,643 12,492 4,242 6,831 (56,737)
1540 DARTMOUTH PL KENT 35,815 15,306 11,326 2,363 18,661
1549 CAMELLIA CT DAYTON II 31,009 26,444 810 6,100 (11,719)
1550 APPLEGATE COLUMBUS 45,655 10,274 0 48,243 (22,094)
1553 APPLE RIDGE III 19,035 4,921 862 (7,057) 8,702
1554 SPRINGWOOD AUSTINTOWN II 26,790 13,184 6,998 7,535 (36,340)
1555 DOVER PL EASTLAKE 51,908 23,417 8,972 (2,784) 37,241
1556 PARKVILLE PARKERSBURG 30,676 11,888 95 2,319 (19,258)
1557 HARTWICK TIPTON 34,010 25,332 1,228 802 (25,241)
1558 BECKFORD PL THE PLAINS 50,860 12,193 707 6,668 (1,765)
1559 LARKSPUR COLUMBUS 47,189 28,240 6,067 5,430 (13,631)
1560 SPRINGWOOD COLUMBUS 39,387 7,936 1,129 10,090 (36,467)
1561 PARKVILLE GAS CITY 30,685 15,194 180 18,669 (56,567)
1562 CAMELLIA CT CARROLLTON 31,468 20,440 2,164 7,104 (44,741)
1563 FOXTON DAYTON II 55,841 21,937 11,241 (8,526) (64,301)
1566 APPLE RUN HILLSDALE 23,508 11,652 4,718 6,530 (20,082)
1567 PINE GROVE ROSEVILLE 30,024 15,098 13,815 28,836 (35,195)
158
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
SYNDICATED
===================================
1568 ASHGROVE FRANKLIN 36,405 19,750 7,318 1,195 (19,732)
1569 MEADOWOOD JACKSON 28,684 5,146 (11) 17,413 (6,723)
1571 GEORGETOWN S TUSCARAWAS II 24,222 8,665 1,025 34,894 (109,562)
1572 CONCORD SQ KOKOMO 36,441 19,379 2,000 7,616 15,106
1573 SANDALWOOD ALEXANDRIA 35,216 13,435 156 31,559 (66,089)
1574 AMHURST TOLEDO 34,262 18,324 6,487 9,679 (8,051)
1575 HAMPSHIRE WILLIAMSTOWN 16,866 8,162 1,560 (2,780) (30,912)
1576 MEADOWOOD MANSFIELD 31,547 7,565 2,025 32,619 (58,829)
1577 HICKORY MILL HURRICANE 47,662 11,792 4,542 3,586 (36,651)
1578 ASHGROVE FLORENCE 31,213 12,165 2,007 5,098 (42,867)
1579 MEADOWOOD FRANKLIN 43,022 11,333 7,715 9,409 17,034
1581 CEDARWOOD GOSHEN 27,496 12,214 6,257 4,938 13,338
1582 CONCORD SQ ONTARIO II 18,192 2,145 1,437 998 (18,057)
1583 MEADOWOOD CRAWFORDSVILLE 44,717 14,688 21,210 5,367 (48,445)
1585 BECKFORD PL N CANTON 38,359 12,912 1,746 1,063 14,931
1587 PINE GROVE COLUMBUS II 8,140 9,804 0 (683) (23,912)
1588 PLUMWOOD COLUMBUS III 24,858 16,953 3,263 6,199 (12,285)
1589 WOODLANDS COLUMBUS 55,614 31,311 0 115,149 (124,442)
1590 WOODLANDS FRANKLIN 32,513 17,198 7,932 3,665 (69,925)
1591 MEADOWOOD FLATWOODS 36,343 17,152 1,289 1,496 (32,725)
1592 GREENGLEN DAYTON 47,494 23,119 19,159 13,523 (36,788)
1593 ASHGROVE INDIANAPOLIS 45,901 15,782 10,637 4,699 (30,027)
1595 MEADOWOOD NICHOLASVILLE 58,986 18,497 3,151 8,063 (4,645)
1596 STONEHENGE RICHMOND 41,881 18,058 2,930 6,584 (17,133)
1597 WILLOWOOD COLUMBUS 31,215 12,293 755 12,361 23,784
1598 CEDARGATE BOWLING GREEN 45,887 6,967 972 4,966 21,751
1599 WILLOW RUN WILLARD 44,271 19,832 4,767 8,543 (96,914)
1600 HEATHMOORE JEFFERSON 44,731 24,051 3,021 29,505 (92,018)
1601 STONEHENGE GLASGOW 35,472 8,455 7,411 6,243 (55,758)
1602 HEATHMOORE INDIANAPOLIS 36,238 9,706 2,869 40,042 (29,779)
1603 APPLE RUN TRUMBULL 37,638 17,104 7,633 279 (54,069)
1604 FOXTON MONROE 30,693 21,206 4,908 32,146 (27,363)
1605 ASHGROVE CALHOUN 31,094 13,323 2,293 (176,331) 140,005
1606 STONEHENGE OTTAWA 27,957 9,342 2,690 2,811 (12,964)
1613 WOODLANDS ZELIENOPLE 46,635 23,772 6,502 8,644 (30,493)
1615 RIDGEWOOD WESTLAND 34,955 9,275 31,522 4,456 (45,059)
1616 HEATHMOORE MACOMB 39,193 8,866 0 (81,617) 104,233
1617 DOVER PL EASTLAKE II 60,610 15,354 8,430 1,146 (23,725)
1618 DOVER PL EASTLAKE III 25,995 10,729 4,304 45,204 (57,333)
1619 CEDARGATE MICHIGAN CITY 33,920 13,948 7,198 38,847 (81,982)
1622 CEDARGATE BLOOMINGTON 56,795 11,990 2,235 15,167 27,189
1623 CEDARGATE LANCASTER 23,911 14,398 8,527 (14,641) (21,561)
1624 STONEHENGE JEFFERSON 40,773 15,381 1,514 13,358 (48,627)
1626 SLATE RUN INDIANAPOLIS 74,865 18,263 3,614 6,123 (3,925)
1630 SANDALWOOD TOLEDO 26,474 14,013 10,885 22,085 (32,296)
1635 RIDGEWOOD COLUMBUS 38,718 17,273 7,310 13,470 (5,913)
1637 APPLEGATE DELAWARE 39,540 11,718 13 1,819 1,453
1638 MEADOWOOD LOGANSPORT 25,644 11,453 10,135 7,239 (30,774)
1639 SLATE RUN LEBANON 41,877 14,020 2,000 14,970 (8,865)
1640 WESTWOOD ROCHESTER 28,529 8,995 0 (924) (55,559)
1641 WILLOWOOD WOOSTER 30,356 13,821 5,383 4,642 (2,709)
1642 STONEHENGE STARK 42,686 12,381 1,072 624 (14,140)
1644 RIDGEWOOD LEXINGTON 49,785 17,956 3,964 5,722 (26,501)
1645 RIDGEWOOD BEDFORD 32,841 9,885 745 13,906 (17,741)
1646 CAMELLIA CT COLUMBUS II 30,636 9,278 2,132 1,780 2,906
1647 CEDARGATE ENGLEWOOD 39,040 20,335 1,659 2,458 (43,911)
1648 SLATE RUN HOPKINSVILLE 42,657 16,401 23,065 3,701 (112,794)
1649 WILLOWOOD GROVE CITY 33,385 19,467 1,632 1,753 (22,389)
1650 MEADOWOOD COLUMBUS 46,205 23,766 1,216 10,638 (26,252)
1651 STONEHENGE INDIANAPOLIS 43,566 17,581 366 27,623 (37,843)
1652 MEADOWOOD WARRICK 43,203 14,131 14,195 3,227 (94,472)
1653 WILLOWOOD E INDIANAPOLIS 47,893 9,743 2,645 5,786 (36,368)
1655 CEDARGATE SHELBY 39,443 12,764 2,245 (1,059) (16,289)
1656 RIDGEWOOD RUSSELVILLE 34,540 5,099 1,915 3,811 (42,960)
1657 WILLOW RUN NEW ALBANY 38,510 15,886 6,076 6,547 (1,735)
159
[Enlarge/Download Table]
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
SYNDICATED
===================================
1658 ASHGROVE JEFFERSON 45,327 13,106 4,558 (15,520) 9,501
1659 SLATE RUN JEFFERSON 44,785 26,212 7,479 8,472 (56,739)
1660 MEADOWOOD LEXINGTON 32,739 14,684 20,626 (2,384) (17,559)
1661 FORSYTHIA CT COLUMBUS 36,248 11,441 1,901 4,855 (8,418)
1663 WATERBURY GREENWOOD 39,250 12,721 86 20,362 (69,727)
1664 SLATE RUN BARDSTOWN 41,556 12,609 11,733 (15,348) (75,464)
1666 WILLOWOOD FRANKFORT 58,985 7,335 6,765 22,541 (94,500)
1667 BECKFORD PL NEW CASTLE 27,381 14,201 6,906 2,599 (19,024)
1669 WILLOWOOD OWENSBORO 38,390 12,385 1,422 5,949 (78,536)
1670 STONEHENGE MONTGOMERY 48,633 37,909 3,171 19,237 (57,965)
1671 LARKSPUR MORAINE II 7,680 4,311 119 2,029 (13,222)
1673 SLATE RUN BEDFORD 46,425 20,093 4,841 17,579 (45,212)
1674 ROSEWOOD JEFFERSON 60,561 15,578 7,726 (24,763) 6,831
1676 MILLBURN STOW 54,214 10,539 8,714 29,733 (37,980)
1677 WILLOW RUN MADISONVILLE 45,775 20,561 38 (52,645) (17,804)
1678 CEDARWOOD GOSHEN II 32,943 12,964 14,847 2,680 (29,819)
1679 HEATHMOORE EVANSVILLE 51,649 19,626 12,667 (362,829) 296,831
1681 FOREST PARK MEADOWOOD 83,092 31,915 2,204 (1,278) 72,170
1682 STONEHENGE TECUMSEH 33,486 14,139 2,509 (5,311) 3,304
1683 BRANDON CT BLOOMINGTON 59,639 18,076 7,090 (15,867) (6,212)
1686 ASHGROVE STERLING 97,377 34,342 474 340 (54,528)
1687 MONTGOMERY CT INGHAM 39,629 20,053 3,111 (1,253) (18,161)
1691 PINE GROVE ROSEVILLE II 27,544 8,339 26,989 4,250 (29,680)
1692 MEADOWOOD MONROE 42,101 12,409 7,772 5,059 (33,783)
1695 ANNHURST INDIANAPOLIS 62,343 28,725 36,995 (12,340) (39,232)
1696 ANNHURST ALLEGHENY 97,222 33,268 11,723 (35,180) (27,474)
1698 WOODLANDS STREETSBORO 57,960 15,583 6,681 5,127 7,193
1699 ROANOKE OAKLAND 78,623 18,953 7,503 (34,128) 93,616
1700 DANIEL CT CLERMONT 78,498 25,864 1,996 (7,240) (106,155)
1702 STRATFORD SOUTH CHARLESTON 60,292 13,272 6,333 8,942 (58,829)
1703 BARRINGTON BEDFORD 75,554 16,825 9,493 (25,675) 6,404
1704 MULBERRY HILLIARD 42,944 27,321 677 6,145 (23,347)
1705 WOODLANDS COLUMBUS II 56,381 29,001 0 (1,390) (48,245)
1707 LARKSPUR COLUMBUS II 46,532 27,697 3,382 10,862 (101,318)
1714 NEWBERRY EATON 49,139 9,207 3,195 5,113 22,743
1717 HICKORY MILL HURRICANE II 29,185 9,563 5,359 (33,142) 8,310
1718 MEADOWOOD COLUMBUS II 23,224 6,218 868 23,456 (40,192)
1719 VALLEYFIELD LEXINGTON 82,345 24,307 3,174 (2,709) (49,708)
1720 RIDGEWOOD COLUMBUS II 40,225 16,566 7,770 12,688 (8,367)
1721 OLIVEWOOD INDIANAPOLIS 47,520 20,108 2,600 7,563 (17,998)
1723 ROANOKE JEFFERSON 39,671 13,661 4,412 3,270 8,990
1724 MEADOWOOD CUYAHOGA FALLS 51,724 11,892 3,607 8,214 (16,781)
1725 RIDGEWOOD LEXINGTON II 42,788 13,050 3,969 (20,610) (283)
1726 STONEHENGE JASPER 19,811 17,557 2,137 (143,215) 112,184
1727 CARLETON CT KANAWHA 50,490 10,404 19,671 15,196 (48,318)
1728 NEWBERRY GROVE CITY 38,819 15,185 4,528 (16,399) (32,220)
1729 BECKFORD PL N CANTON II 52,793 8,820 2,189 12,520 (36,852)
1730 NORTHRUP CT ALLEGHENY 50,664 15,630 8,769 (767) (30,263)
1731 FORSYTHIA CT JEFFERSON 74,806 22,459 5,667 (32,124) (15,813)
1732 WINTHROP CT FRANKFURT 47,131 16,643 9,548 14,734 (87,201)
1733 PRINCETON CT EVANSVILLE 42,854 13,383 14,046 11,858 (77,647)
1735 ROSEWOOD COLUMBUS 74,181 21,954 4,660 4,929 (54,605)
1737 SLATE RUN JEFFERSON II 39,143 9,535 4,426 (138,077) 83,494
1741 WILLOWOOD TROTWOOD 40,716 21,437 4,103 5,843 (67,839)
1744 BRUNSWICK TRUMBULL 39,272 24,678 14,865 50,069 (34,946)
1745 WYCLIFFE CT 44,171 10,489 30,201 5,173 (82,124)
1747 SLATE RUN MIAMISBURG 33,197 15,066 1,783 17,983 (42,297)
1748 MONTGOMERY CT COLUMBUS 71,679 10,304 2,031 5,705 (68,125)
1749 WATERBURY CLARKSVILLE 45,094 10,258 21,466 2,869 (35,344)
1751 WINTHROP CT COLUMBUS 52,445 14,433 3,711 6,806 (26,811)
1752 PICKERINGTON MEADOWS 40,562 11,014 361 17,244 (71,012)
1756 WATERBURY CLERMONT 57,047 32,433 8,199 13,959 (51,155)
1757 WILLOWOOD GROVE CITY II 17,905 6,354 140 2,943 (20,722)
1758 CEDARGATE BLOOMINGTON II 46,198 8,447 6,879 23,906 (17,868)
1759 ACADIA CT 82,523 26,954 2,164 28,022 (89,215)
160
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
SYNDICATED
===================================
1760 WILLOWOOD E INDIANAPOLIS II 50,240 8,212 4,724 (159,196) 123,329
1761 SHERBROOK COLUMBUS 39,512 4,460 (190) 10,871 (21,178)
1762 LONGWOOD LEXINGTON 49,211 17,356 572 3,344 (59,157)
1763 NORTHRUP CT ALLEGHENY II 43,595 13,117 16,580 (62,384) 22,789
1765 LAURELWOOD CT BEDFORD 33,135 8,779 12 33,740 (53,105)
1768 CARLETON CT ANN ARBOR 90,937 16,880 13,510 9,261 (55,106)
1770 VALLEYFIELD 64,609 29,011 12,038 483 (51,473)
1772 WENTWORTH ROSEVILLE 64,110 15,822 19,378 9,591 (31,792)
1773 WATERBURY WESTLAND 80,774 29,519 20,386 12,787 (56,933)
1777 HEATHMOORE INDIANAPOLIS II 58,296 10,653 1,759 8,454 7,256
1779 AMBERIDGE 39,271 11,569 26,395 3,064 (55,529)
1783 WOODLANDS STREETSBORO II 65,964 16,639 6,243 5,546 (103,684)
1785 CARLETON CT ERIE 36,021 17,140 5,110 (14,264) (28,940)
1787 ROSEWOOD COMMONS 64,131 24,296 1,761 4,494 (47,961)
1790 WILLOWOOD FRANKFORT II 40,353 2,623 17,259 4,229 (59,296)
1794 ANNHURST COLUMBUS 48,414 2,638 0 14,887 (90,567)
1799 BEREA TABOR RIDGE 81,600 27,272 1,512 4,701 (5,677)
1801 WILLOWOOD WOOSTER II 41,889 16,971 6,180 (7,890) (16,699)
1804 CAMBRIDGE COMMONS 61,591 42,294 23,238 (187,514) 120,172
1805 OLIVEWOOD INDIANAPOLIS II 48,601 14,056 1,263 2,351 14,352
1807 BRUNSWICK MONONGALIA 83,955 21,193 9,817 (13,951) (60,496)
1812 HAMPTON WOODS COLUMBUS 33,387 4,872 800 3,512 (40,728)
1813 SUFFOLK GROVE GROVE CITY 40,631 13,593 83 7,089 7,138
1815 MONTGOMERY CT COLUMBUS II 42,571 12,572 504 5,103 (1,862)
1818 REDWOOD HOLLOW SMYRNA 59,937 15,748 17,878 (250,965) 185,445
1829 CLEARVIEW GREENWOOD 48,278 19,992 873 (55,723) 104,116
1832 ANSLEY OAKS 53,346 15,292 10,876 (6,044) (58,117)
1844 STERLING HGTS OLIVEWOOD 156,389 37,901 3,615 (5,485) 116,846
1847 RED DEER FAIRBORN 49,365 28,810 2,525 5,787 23,540
1851 ASHGROVE STERLING II 78,972 21,149 11,337 3,735 (26,451)
1866 HEATHMOORE WAYNE II 37,401 14,421 16,987 6,564 15,519
1875 DOVER PL EASTLAKE IV 49,112 24,829 9,507 3,066 4,708
1905 CAMBRIDGE COMMONS II 41,091 17,793 427 (4,910) (28,657)
1907 DOGWOOD GLEN MARION II 46,169 19,567 2,131 7,916 15,959
1916 CLEARVIEW GREENWOOD II 68,436 22,508 1,700 (218,420) 250,083
1928 WOODLANDS COLUMBUS III 88,845 33,323 1,919 (49,343) 8,566
1944 TIMBERCREEK TOLEDO 66,564 12,476 2,833 (5,017) 222
2100 SANFORD CT INVESTORS 70,141 27,938 5,806 522 (60,609)
2106 OLD ARCHER CT 38,772 14,943 10,441 100,983 (63,742)
2107 PALATKA OAKS 11,005 14,537 777 5,217 (31,634)
2108 AZALEA HILL 19,772 1,923 1,351 23,429 25,734
2112 TURKSCAP 18,563 12,081 7,192 94 (3,179)
2114 CEDARWOOD 30,156 29,962 3,705 5,547 (27,593)
2115 UNIVERSITY SQ 39,686 21,341 6,435 (6,346) 11,568
2129 NORTHWOOD 26,929 14,287 4,533 12,215 (69,169)
2131 ROLLINGWOOD 35,761 16,000 14,533 (37,607) (43,258)
2139 MEADOWOOD II 39,522 13,486 13,404 (13,978) 3,749
2143 CEDARWOOD II 29,034 12,658 3,260 17,952 (71,046)
2153 NOVAWOOD 35,779 14,446 7,215 4,999 (44,860)
2154 KNOLLWOOD II 35,988 0 2,570 (43,701) (98,576)
2164 PALATKA OAKS II 13,714 13,568 671 (629) (14,728)
2165 NOVAWOOD II 38,678 19,458 5,961 (23,257) (32,487)
2166 WINGWOOD 56,560 24,097 37,571 49,349 (69,309)
2172 HEATHERWOOD II 28,148 14,235 14,236 (341,342) 301,503
2173 COUNTRYSIDE 39,114 14,892 5,315 212 (36,743)
2174 COUNTRYSIDE II 69,413 43,723 1,509 (5,815) (43,096)
2189 HIDDEN PINES 44,868 26,011 7,991 4,462 (46,438)
2190 MOSSWOOD 44,084 14,148 10,665 6,295 (47,304)
2191 MOSSWOOD II 58,488 18,456 9,883 (5,573) 13,045
2193 SUNRISE 36,794 13,059 6,355 89,738 (167,816)
2194 SUNRISE II 21,366 8,992 7,960 5,935 (67,084)
2196 BRANCHWOOD 72,199 24,978 14,538 7,905 (55,397)
2199 CONCORD SQ II 60,659 38,580 14,108 14,586 (152,570)
2201 LONGWOOD 34,960 28,843 7,422 8,485 (79,965)
2202 LONGWOOD II 21,379 15,850 5,021 7,083 (55,798)
2205 BRANDYWYNE E 19,597 6,833 1,759 2,724 (40,478)
161
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
SYNDICATED
===================================
2212 AMBERWOOD 34,414 26,524 9,272 9,423 (79,001)
2215 COUNTRYSIDE III 22,774 11,572 3,016 (18,989) 3,034
2218 INDIAN RIDGE 43,265 21,033 4,062 (268,356) 261,096
2222 SHADOWOOD 45,972 25,182 4,878 4,644 (8,341)
2224 ROSEWOOD 46,319 11,407 9,404 3,880 (38,850)
2226 SPRINGTREE 50,916 20,711 20,684 93,397 (66,802)
2230 RIVERWOOD 48,885 24,952 0 7,623 (58,183)
2231 APPLEWOOD 42,677 18,556 1,683 18,276 (77,257)
2234 WINDRUSH 50,991 28,754 21,399 4,891 (109,166)
2235 HERONWOOD 44,173 27,133 14,003 2,563 (57,622)
2237 SANDPIPER II 49,526 13,939 5,888 2,680 (46,040)
2240 BAYSIDE 32,785 13,866 4,839 2,714 (72,418)
2242 DEERWOOD 31,651 16,867 0 12,686 (55,237)
2244 CANDLELIGHT 35,621 13,418 1,347 21,319 (77,185)
2246 GARDEN TERRACE II 52,144 25,317 8,546 27,501 (132,558)
2247 INDIAN RIDGE II 31,666 18,064 2,351 (23,666) 11,343
2249 SHADOWOOD II 47,628 18,561 15,084 11,906 (25,759)
2251 STRAWBERRY PL 50,183 13,368 2,678 7,469 (62,401)
2253 CRYSTAL CT 46,457 16,390 8,786 6,732 (82,193)
2254 TURKSCAP III 32,581 11,384 9,113 28,996 (50,382)
2265 PINE LAKE 28,026 9,860 3,045 (39,062) (20,555)
2284 CAPITAL RIDGE 54,369 21,857 13,418 22,717 (49,091)
2285 WOODLAND 66,835 28,066 8,546 17,929 (64,506)
2288 SHADOW RIDGE 45,672 22,462 702 12,548 (64,028)
2295 HICKORY PL 68,557 19,784 1,540 87,070 (185,818)
2300 PINE TERRACE 49,285 13,042 9,344 8,048 (82,833)
2301 PALM PL 54,350 31,917 4,561 23,545 (13,891)
2309 THE LANDINGS 47,509 14,088 10,468 4,499 (67,316)
2311 ASTORWOOD 64,225 24,189 2,130 8,956 (24,576)
2312 PINELLAS PINES 49,579 20,576 1,909 13,866 (39,689)
2313 SPRING GATE 42,786 5,663 3,952 5,655 (28,906)
2314 GARDEN TERRACE III 65,497 43,543 19,149 (1,868) (167,139)
2340 SHADOW BAY 39,607 12,488 3,821 6,222 (59,045)
2341 TERRACE TRACE 59,362 17,979 25,227 (3,978) (57,679)
2343 KINGS CROSSING 54,187 18,969 8,056 2,234 (85,376)
2344 ELMWOOD 37,681 16,769 1,512 9,929 (49,174)
2355 NOVA GLEN 47,811 19,482 3,675 524 (120,633)
2363 MORNINGSIDE II 128,019 46,176 27,731 28,504 (370,938)
2365 APPLEWOOD II 73,313 4,996 6,151 (17,471) (161,712)
2376 MOULTRIE 57,309 19,659 18,300 13,443 (39,920)
2379 SUGARTREE 42,969 17,587 1,782 13,264 (46,029)
2387 SOUTHGATE 44,875 15,403 9,705 20,014 (64,231)
2399 SUTTON PL 32,973 15,553 9,062 (1,766) (61,806)
2405 DRIFTWOOD 44,915 14,796 21,312 6,182 3,073
2407 PINE MEADOWS 45,697 19,580 1,154 1,261 (62,210)
2411 ELMWOOD II 49,162 19,543 14,546 193,454 (310,610)
2412 PARKWAY N 42,610 20,618 8,583 9,284 (42,743)
2416 PINE TERRACE II 46,204 13,432 4,736 9,510 (68,908)
2422 HILLVIEW TERRACE 42,085 9,043 1,636 (24,280) (10,021)
2427 HILLCREST VILLA 37,467 8,786 13,541 12,791 (42,024)
2429 CYPRESS 54,388 14,795 12,608 2,729 (76,032)
2431 OLYMPIAN VIL 61,877 24,707 697 14,266 (74,778)
2432 SILVER FOREST 33,583 24,393 4,722 32,380 (84,346)
2438 BERRY PINES 45,838 15,196 4,416 3,367 (61,185)
2439 OAK RIDGE 42,828 15,422 7,914 9,203 (52,582)
2441 OAK SHADE 61,342 25,470 9,558 (3,395) (32,620)
2442 HOLLY SANDS 54,265 19,367 12,153 (21,421) (7,245)
2443 BROADVIEW OAKS 51,777 12,191 8,965 51,808 (56,496)
2444 THYMEWOOD 70,083 18,141 5,814 244 (67,841)
2446 SHADOW BAY II 45,677 25,919 12,342 (2,987) (65,148)
2447 CANDLELIGHT II 36,226 19,528 3,344 20,791 (86,337)
2449 SUGARTREE II 44,447 16,054 570 1,730 (40,532)
2451 WINTER WOODS 35,210 13,295 2,104 6,889 (31,156)
2452 WOODLAND II 61,988 25,788 5,841 (10,614) (106,524)
2454 BEL AIRE 57,972 7,833 1,129 1,296 (75,442)
2459 CLEARLAKE PINES II 41,198 9,739 1,388 94,743 (156,263)
162
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
SYNDICATED
===================================
2460 MANCHESTER 48,324 14,256 11,165 5,382 (21,165)
2461 RANCHSIDE 44,566 18,620 3,193 3,206 (30,429)
2464 ESSEX SQ 53,476 15,266 3,492 4,886 44,707
2465 WESTCREEK 61,981 14,324 5,728 12,712 (89,148)
2466 SKY PINES 56,125 22,497 7,231 5,968 (71,194)
2470 RIVERS END 56,480 17,164 10,703 14,249 (53,663)
2471 BRIDGE POINT 50,009 20,057 23,076 3,369 (65,453)
2478 NOVA GLEN II 58,596 19,148 8,585 (2,853) (99,484)
2483 OAKWOOD MANOR 50,910 11,258 10,636 11,149 (124,940)
2484 HOLLY RIDGE 71,686 32,515 5,725 1,480 (94,006)
2488 HIGH POINTS 65,098 16,959 4,350 5,525 (81,093)
2499 WINTER WOODS II 29,309 12,160 1,744 (2,933) (48,433)
2502 PALM SIDE 55,826 19,516 5,612 5,572 (93,739)
2574 PALM BAY/WINDWOOD II 16,639 36,899 21,169 (1,407) (69,268)
3101 MEADOWOOD NORCROSS 52,685 34,443 16,605 4,252 30,648
3102 CEDARGATE LAWRENCEVILLE 46,482 28,020 15,588 72,298 (50,545)
3104 WILLOW RUN DEKALB 67,181 21,848 13,387 135,712 (172,732)
3108 FOREST VIL BIBB 62,368 32,392 28,570 9,967 (17,491)
3109 RIDGEWOOD DEKALB 41,949 15,449 26,726 26,042 (37,818)
3111 IRIS GLEN ROCKDALE 65,264 16,319 8,518 217,281 (246,223)
3112 MEADOWLAND CLARKE 40,112 17,907 8,805 132,213 (126,424)
3114 WILLOWOOD MILLEDGEVILLE 45,366 31,027 24,954 17,801 (82,481)
3115 MEADOWOOD NORCROSS II 40,689 23,676 10,174 4,731 (4,021)
3116 VALLEYFIELD DEKALB 43,923 24,117 11,155 4,370 3,987
3117 NORWOOD GWINNETT 57,017 24,385 17,998 897 40,525
3118 SHADOW TRACE DEKALB 60,851 25,583 11,500 7,040 17,304
3120 OAKLEY WOODS UNION CITY 47,532 13,211 13,964 (78,386) 60,330
3121 ELMWOODS MARIETTA 42,912 11,775 8,030 138,231 (138,162)
3122 WOOD TRAIL NEWMAN 55,777 14,617 2,891 5,904 26,953
3123 REDAN VIL DEKALB 69,812 28,498 17,465 247,172 (226,322)
3124 BARRINGTON DEKALB 53,932 19,912 29,471 58,476 (136,414)
3125 STRATFORD LANE COLUMBUS 49,942 26,615 13,680 44,461 (72,131)
3127 WOODCLIFF LILBURN 68,309 23,193 13,397 3,093 (1,840)
3128 WOODCREST 46,396 16,800 5,830 6,151 (24,141)
3130 RAMBLEWOOD RICHMOND 59,978 32,027 16,062 11,751 (158,454)
3131 COUNTRYSIDE MANOR 63,686 25,614 9,688 20,698 6,205
3132 WINDSOR VIL 39,380 19,578 2,122 4,570 (92,434)
3135 WATERBURY CLARKE 37,784 17,239 803 (3,823) 21,832
3136 BURNSBROOKE ATHENS 47,578 17,274 2,912 13,551 (81,168)
3137 GENTIAN OAKS COLUMBUS 44,057 17,364 11,237 19,060 (58,294)
3138 WILLOW CREEK GRIFFIN 36,955 12,356 395 6,932 (17,026)
3139 TIMBERWOODS PERRY 39,650 41,026 16,251 5,242 (56,285)
3140 CARRIAGE HILLS DUBLIN 48,399 28,837 9,177 206,971 (296,833)
3141 HILLANDALE MANOR DEKALB 43,856 19,639 27,687 7,673 (17,532)
3142 WHISPERWOOD CORDELE 31,151 19,469 2,416 2,745 (37,839)
3143 OAKWOOD VIL RICHMOND 55,005 15,028 2,601 6,711 (31,825)
3145 PINE KNOLL CLAYTON 30,103 8,988 6,418 2,835 3,416
3149 HARBINWOOD GWINNETT 63,414 38,940 28,827 6,818 (56,256)
3150 PARKWOOD VIL 62,403 14,118 12,543 13,118 (17,090)
3151 AMBERWOOD BARTOW 45,971 8,477 3,233 7,661 14,281
3152 WOOD VALLEY CALHOUN 51,570 7,646 11,576 26,944 (54,388)
3153 NORTHRIDGE CARROLLTON 61,615 22,278 14,944 4,253 (19,475)
3154 HILLSIDE MANOR AMERICUS 47,209 16,084 361 15,479 (58,685)
3156 VALLEYFIELD DEKALB II 56,697 21,948 13,404 5,417 33,006
3158 WOODCLIFF LILBURN II 53,177 19,558 13,807 13,265 (46,325)
3159 FOREST RIDGE RICHMOND 47,941 24,533 2,765 12,590 (106,924)
3160 SHANNON WOODS UNION CITY II 52,078 12,974 11,129 (10,751) 31,662
3161 HOLLY PARK COLUMBUS 49,608 18,869 3,351 8,981 (23,067)
3162 REDAN VIL DEKALB II 69,768 25,463 15,197 7,854 17,428
3163 RIDGEWOOD DEKALB II 38,335 17,605 12,924 20,718 (32,752)
3168 KNOX LANDING KNOXVILLE 58,097 30,672 6,837 9,693 (79,372)
3176 MORGAN TRACE UNION CITY 75,734 9,532 7,721 (24,637) (31,936)
3184 AMBERWOOD II 70,942 12,309 8,603 (82,998) 90,409
3197 PARKWOOD VIL II 53,266 9,056 9,144 10,670 19,823
3200 SKYRIDGE 102,278 57,521 37,876 1,829 32,301
3266 MARSH LANDING 41,763 21,095 11,760 13,727 (55,462)
163
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CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
----------------------------------------------------------------------------
Deprec Major Non Operating
Prop # Name & Amort Replacement Maintenance Expenses Net Income
=============================================================================================================================
SYNDICATED
===================================
3269 WOODSIDE 38,417 15,102 22,647 (3,339) (51,179)
3270 GREENTREE 29,416 13,019 11,811 16,368 (32,432)
3271 STILLWATER 40,909 25,622 6,388 4,548 (63,616)
3353 RAMBLEWOOD II 19,693 (1,909) 19,922 (6,793) (13,885)
3358 LINK TERRACE 37,121 31,387 5,773 10,909 (52,725)
3366 GREENTREE II 21,640 6,995 12,518 4,010 (24,726)
3378 SUNNYSIDE 36,314 17,392 12,276 742 (8,252)
3409 QUAIL CALL 32,693 18,182 5,360 20,105 (62,271)
3428 WESTWAY 57,961 19,206 1,781 3,153 (23,965)
3430 CAMDEN WAY 48,397 16,622 17,731 5,558 (151,530)
3450 CAMDEN WAY II 54,693 21,209 12,330 (943) (99,600)
4101 FORSYTHIA CT HARFORD 66,412 9,614 53 15,214 (60,281)
4149 GLEN HOLLOW GLEN BURNIE 54,198 4,914 4,418 83,956 (136,205)
4708 ANNHURST HARFORD 65,359 12,278 6,414 34,977 (31,443)
------------------------------------------------------------------------------
409 $18,500,152 $7,269,074 $2,993,221 $1,075,720 $(13,824,830)
------------------------------------------------------------------------------
164
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
WHOLLY OWNED PROPERTIES
=================================
1375 RIVERVIEW ESTATES 38,800 16,314 10,272 0 24,826
1377 APPLE RIDGE I 7,200 11,479 2,221 (254,857) 14,840
1389 THE WILLOWS I 14,736 11,799 19,458 0 16,307
1439 MONTROSE SQUARE 0 31,582 0 0 46,329
1542 SPRINGWOOD 26,000 10,695 16,454 0 6,029
1620 MEADOWOOD 0 4,892 720 0 0 11,036
1672* RIDGEWOOD ELHART 0 6,177 23,348 (17,500) 0
1690 HEATHMOORE I 0 18,500 67,944 0 35,817
1750 CEDARWOOD II 3,011 11,759 0 (187,924) 9,800
1780 BRUNSWICK 0 12,975 51,599 0 0 54,924
1786 SPICEWOOD 2,927 41,304 0 (4,452) 19,997
1806 WINTHROP CT II 300 9,248 0 (150,534) 14,364
1809 MEADOWOOD II 463 14,624 0 0 37,642
1810 ACADIA CT II 1,470 22,099 40,146 0 61,287
1814 ASHFORD HILL 2,100 17,073 7,011 0 33,211
1816 CEDARWOOD III 23,740 10,413 5,545 0 9,754
1822 MARABOU MILLS I 4,203 20,701 13,243 (36,107) 32,912
1823 ELMTREE PARK I 225 19,640 43,522 0 31,491
1824 AMESBURY I 3,030 14,862 40,482 0 26,990
1825 BRADFORD PL 0 6,006 29,885 0 32,880
1830 SHERBROOK 0 19,695 18,716 0 31,647
1833 HAYFIELD PARK 11,524 20,627 59,331 0 13,040
1838 CEDARGATE II 0 2,842 0 0 11,479
1839 DARTMOUTH PL II 2,970 17,256 61,182 0 23,501
1841 WILLOWOOD II 0 12,240 5,792 0 24,600
1843 DOGWOOD GLEN I 21,107 20,725 43,524 (59,145) 31,174
1846 CHERRY GLEN I 0 22,414 5,015 0 34,704
1853 FOXHAVEN 13,745 22,052 62,699 0 33,360
1859 ANNHURST II 0 9,913 0 0 16,653
1863 HUNTER GLEN 0 26,242 27,081 0 38,928
1869 HARVEST GROVE I 0 22,513 44,450 0 24,427
1871 CLEARWATER 13,839 11,839 32,106 0 13,775
1877 SHERBROOK 8,400 33,177 74,334 0 53,579
1880 ARAGON WOODS 0 4,400 5,261 0 25,131
1885 NEWBERRY II 0 16,496 6,348 0 0 25,652
1887 RIVER GLEN I 0 33,882 19,061 0 28,309
1889 APPLEGATE II 10,705 16,748 21,732 (55,382) 34,421
1895 ROSEWOOD COMMONS II 201 34,809 19,017 0 29,612
1898 RIDGEWOOD II 0 26,815 68,600 0 40,863
1908 CHERRY GLENN II 1,660 13,722 52,611 0 35,111
1909 LINDENDALE 0 4,172 0 (165,118) 30,502
1911 ELMTREE PARK II 163 6,795 0 0 19,552
1914 WOODLANDS II 0 19,616 30,623 0 28,775
1917 WILLOWOOD II 21,600 12,094 60,363 0 18,233
1935 RED DEER II 0 24,255 56,757 0 16,800
1936 SUFFOLK GROVE II 2,085 12,843 19,066 0 25,523
1937 THE WILLOWS III 6,054 10,173 21,362 0 15,672
1946 AMBERWOOD 0 7,090 5,263 0 (154,857) 15,720
1966 RIVER GLEN II 0 19,667 0 (251,150) 23,162
1982 MARABOU MILLS III 0 9,018 0 (265,955) 22,537
1983 CAMBRIDGE COMMONS III 0 0 0 0 29,083
1986 GARDEN CT 1,856 29,427 100,342 0 50,760
1005 ANNHURST III 0 30,028 0 0 21,420
1039 LAUREL BAY 0 43,748 61,604 0 48,486
2137 WINDWOOD I 27,495 4,740 1,108 0 0 21,854
2208 GARDEN TERRACE I 39,180 7,906 10,318 0 19,362
2385 CANTERBURY CROSSINGS 0 12,768 82,482 0 0 52,757
2455 THYMEWOOD II 0 16,490 7,812 0 0 49,882
2462 FOREST GLEN 12,000 17,727 53,664 0 16,891
2469 BEL AIRE II 0 11,355 1,200 0 0 24,376
2479 HERON POINTE 20,125 11,336 112,695 0 36,369
2482 OAKWOOD VILLAGE 0 14,454 22,648 0 19,682
2487 RIVERS END II 0 13,668 64,714 0 22,566
2501 WHISPERING PINES II 0 5,481 0 0 15,239
2512 SKY PINES II 50,450 21,715 0 0 20,543
2513 CRYSTAL CT II 0 11,869 2,695 0 0 23,249
2515 HIDDEN ACRES 684 11,397 16,400 0 (99,957) 39,740
165
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
WHOLLY OWNED PROPERTIES
=================================
2519 CENTRE LAKE III 0 57,542 655 0 141,383
2520 PINE VIEW 3,764 13,532 3,881 0 0 31,688
2521 BLUEBERRY HILL I 224 8,959 9,138 0 15,846
2526 HOLLY SANDS II 39,716 7,308 28,744 0 (18,181) 18,457
2527 SUNSET WAY I 0 27,041 30,468 (790,033) 66,809
2530 PINE BARRENS 51,675 19,881 52,947 0 35,575
2535 PELICAN POINTE I 9,730 15,735 37,954 0 28,381
2537 CALIFORNIA GARDENS 0 10,198 1,420 0 0 23,038
2543 MIGUEL PL 0 10,162 6,695 0 0 22,246
2545 JUPITER COVE I 0 13,040 12,877 0 0 31,843
2546 PELICAN POINTE II 9,290 13,719 37,192 0 24,236
2547 MARK LANDING I 32,904 8,232 40,195 0 0 24,025
2549 JUPITER COVE III 0 14,301 12,235 0 0 31,472
2556 HILLSIDE TRACE 0 8,804 1,354 0 0 21,080
2559 JEFFERSON WAY I 6,400 8,470 12,828 0 0 16,324
2580 SUNSET WAY II 0 23,455 0 0 66,174
2587 OAK GARDENS 484 27,262 28,101 0 0 69,437
3166 CEDAR HILL 0 19,003 36,564 0 21,398
3171 LAUREL GLEN 0 11,996 0 (250,429) 25,497
3173 SPRINGBROOK 32,645 20,886 5,556 (31,563) 34,224
3174 LAKESHORE I 0 7,644 27,769 0 17,244
3175 GLENVIEW 0 27,685 0 0 18,941
3186 RAMBLEWOOD II 0 65,442 0 0 17,784
3188 VALLEYBROOK 0 22,114 86,681 (76,934) 17,622
3189 WILLOW LAKES 0 48,204 0 0 28,962
3190 GLENWOOD VILLAGE 0 14,515 77,723 0 20,101
3208 RAVENWOOD 0 43,133 44,054 0 28,221
3209 INDIAN LAKE I 4,481 140,897 242,542 0 64,823
3231 WALKER PL 0 11,714 0 (79,661) 35,301
3233 GREENBRIAR GLEN 0 27,866 65,880 (172,181) 35,258
3400 HATCHERWAY 18,511 5,310 28,192 0 19,337
3417 GLEN ARM MANOR 43,359 12,550 1,753 0 0 17,978
3480 MILL RUN 0 3,264 21,575 0 21,958
3486 STEWART WAY I 16,447 8,506 6,599 0 26,225
3494 WILCREST WOODS 16,260 6,504 15,519 0 20,816
3496 MARSHLANDING II 2,777 8,467 0 0 8,315
3522 STEWART WAY II 0 7,630 20,223 0 28,218
3532 KINGS COLONY 0 7,460 0 0 27,994
4109 CHERRY TREE 2,988 58,398 19,265 0 44,972
4111 FORSYTHIA CT II 0 23,695 26,417 0 0 25,680
4133 MERRIFIELD 2,546 29,504 36,950 (284,688) 49,199
5910 MARABOU MILLS II 2,233 19,823 50,870 0 21,639
5886 PICKERINGTON MEADOWS 0 20,596 0 (11,300) 16,786
5903 BRUNSWICK II 0 15,851 106 0 31,361
5906 AMESBURY II 4,660 15,735 69 0 24,731
5951 HARVEST GROVE II 1,433 13,287 6,853 0 40,532
------------- ----------- ---------- ---------- ---------- ------------ -----------
113 $696,575 $2,095,701 $352,127 $0 $2,515,542 $(3,417,909) $3,278,271
------------- ----------- ---------- ---------- ---------- ------------ -----------
* Partial year
166
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
SYNDICATED
=================================
1109 DOGWOOD TERRACE 103,385 2,928 0 (214,722) 27,710
1112 LONDON LAMPLIGHT 0 29,879 16,398 12,712 0 14,330
1123 SPRINGFIELD WOODGATE 6,458 2,657 10,737 0 0 13,080
1262 THE BIRCHES LIMA 17,143 4,973 4,337 0 12,503
1297 PLUMWOOD APTS 10,423 15,369 52,897 42,286 0 30,147
1310 MELDON PL 27,082 27,901 54,407 0 52,388
1320 WEST OF EASTLAND 0 11,438 0 0 38,049
1322 PARKVILLE 47,495 8,650 3,389 0 32,999
1327 CHARING CROSS APTS 18,625 9,834 55,652 0 18,778
1329 INDEPENDENCE VIL 1,925 14,150 0 0 41,055
1330 POPLAR CT 12,919 18,824 10,578 4,304 0 14,582
1341 GREENLEAF APTS 0 2,743 0 0 14,988
1344 LAUREL CT APTS 10,925 9,789 0 0 14,532
1379 AMHURST APTS 0 20,778 15,302 6,496 0 25,976
1404 KETWOOD APTS 37,362 33,168 6,196 0 0 40,092
1436 SANDALWOOD APTS 0 11,309 13,149 1,461 0 11,520
1437 HICKORY MILL 25,070 14,093 41,632 42,503 0 24,702
1455 MONTROSE SQ 27,075 10,444 41,550 0 10,675
1456 APPLE RIDGE 0 7,147 15,457 (106,172) 14,040
1460 WESTWOOD 10,400 1,258 0 0 3,185
1461 APPLE RUN II 0 4,710 87,449 0 0 15,251
1462 PLUMWOOD 0 10,629 9,450 0 12,096
1464 GREENGLEN 0 6,140 20,220 10,000 0 15,316
1465 CEDARWOOD BELPRE 0 9,628 5,418 12,978 0 6,919
1466 AMHURST II 15,840 19,316 19,801 4,781 0 27,096
1469 CHELSEA CT 23,549 14,134 43,343 0 14,148
1470 MILLSTON APTS 7,350 5,914 10,306 0 9,562
1473 MILLBURN II 14,775 6,851 1,391 0 (238,032) 24,480
1483 WOODBINE 6,210 7,114 0 (121,066) 9,592
1485 HAMPSHIRE II 17,375 16,715 2,879 0 18,120
1489 PLUMWOOD 0 12,489 43,301 0 22,675
1491 CAMELLIA CT WASHINGTON CH 0 7,545 7,569 0 9,295
1499 CONCORD SQ ONTARIO 2,230 6,499 3,124 0 11,760
1505 CAMELLIA CT DAYTON 13,156 10,768 2,520 4,968 (22,850) 22,201
1510 BECKFORD PL WAPAKONETA 14,975 3,324 0 0 7,699
1511 APPLEGATE CHILLICOTHE II 3,650 3,685 0 0 9,604
1512 SPRINGWOOD NEW HAVEN 0 10,312 14,692 0 19,649
1516 THE WILLOWS DELAWARE II 12,507 7,366 16,771 0 13,627
1519 GREENGLEN ALLEN II 10,812 6,438 5,452 (146,613) 11,279
1523 LARKSPUR MORAINE 12,600 5,367 76 0 1,320
1524 MILLSTON ABERDEEN II 7,625 4,404 6,356 0 6,982
1526 CAMELLIA CT COLUMBUS 37,503 34,463 16,793 17,360 0 22,183
1527 WOODBINE CUYAHOGA FALLS 0 21,383 42,952 3,076 0 23,675
1528 APPLEGATE LORDSTOWN 0 10,593 0 0 8,791
1529 PARKVILLE ENGLEWOOD 0 12,149 13,074 15,269 0 16,596
1530 CEDARWOOD SABINA 0 7,880 0 0 8,579
1531 ANDOVER CT 0 18,243 6,564 0 11,180
1533 HAMPSHIRE BLUFFTON 0 9,273 316 0 11,919
1534 CONCORD SQ LAWRENCEBURG 0 5,416 19,068 0 23,061
1535 GREENGLEN TOLEDO II 32,515 9,410 39,705 0 19,920
1539 FOXTON SEYMOUR 0 4,940 0 0 8,855
1540 DARTMOUTH PL KENT 15,988 13,008 0 0 26,772
1549 CAMELLIA CT DAYTON II 0 16,119 19,098 0 22,358
1550 APPLEGATE COLUMBUS 0 26,156 31,992 16,860 0 24,884
1553 APPLE RIDGE III 0 7,582 7,156 1,663 0 9,948
1554 SPRINGWOOD AUSTINTOWN II 0 11,301 7,726 0 0 15,074
1555 DOVER PL EASTLAKE 4,100 23,253 74,775 19,877 0 19,925
1556 PARKVILLE PARKERSBURG 2,770 5,387 14,478 0 9,120
1557 HARTWICK TIPTON 0 15,765 1,167 0 17,325
1558 BECKFORD PL THE PLAINS 0 20,939 28,711 0 22,385
1559 LARKSPUR COLUMBUS 9,040 33,146 6,681 0 25,643
1560 SPRINGWOOD COLUMBUS 0 8,859 2,611 0 21,742
1561 PARKVILLE GAS CITY 0 4,917 10,920 (90,985) 19,197
1562 CAMELLIA CT CARROLLTON 14,800 22,377 0 0 8,398
1563 FOXTON DAYTON II 35,512 16,871 4,137 0 35,520
1566 APPLE RUN HILLSDALE 8,282 13,645 27,516 0 16,989
1567 PINE GROVE ROSEVILLE 0 7,614 0 (158,561) 34,483
167
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
SYNDICATED
=================================
1568 ASHGROVE FRANKLIN 2,700 9,303 0 0 19,320
1569 MEADOWOOD JACKSON 12,339 6,862 6,270 (131,569) 18,366
1571 GEORGETOWN S TUSCARAWAS II 0 9,024 0 0 14,820
1572 CONCORD SQ KOKOMO 0 25,625 25,953 0 19,219
1573 SANDALWOOD ALEXANDRIA 0 30,402 0 0 17,899
1574 AMHURST TOLEDO 11,900 16,614 35,224 0 25,132
1575 HAMPSHIRE WILLIAMSTOWN 14,625 5,728 0 0 5,874
1576 MEADOWOOD MANSFIELD 0 10,293 0 0 12,720
1577 HICKORY MILL HURRICANE 19,200 11,865 11,714 0 11,904
1578 ASHGROVE FLORENCE 4,500 12,669 0 0 11,809
1579 MEADOWOOD FRANKLIN 30,216 3,930 57,691 2,353 (10,710) 15,046
1581 CEDARWOOD GOSHEN 0 11,966 36,642 2,977 0 15,642
1582 CONCORD SQ ONTARIO II 0 5,293 0 0 8,640
1583 MEADOWOOD CRAWFORDSVILLE 0 17,083 11,499 0 25,276
1585 BECKFORD PL N CANTON 6,205 14,171 4,948 12,378 0 20,160
1587 PINE GROVE COLUMBUS II 0 3,145 0 0 6,242
1588 PLUMWOOD COLUMBUS III 2,477 9,181 27,354 0 11,313
1589 WOODLANDS COLUMBUS 0 18,047 0 0 34,090
1590 WOODLANDS FRANKLIN 0 6,803 3,265 0 0 696
1591 MEADOWOOD FLATWOODS 0 13,285 12,950 0 12,191
1592 GREENGLEN DAYTON 7,250 24,179 34,375 0 31,220
1593 ASHGROVE INDIANAPOLIS 1,087 21,284 33,041 0 26,718
1595 MEADOWOOD NICHOLASVILLE 19,987 7,405 69,130 0 11,453
1596 STONEHENGE RICHMOND 16,935 6,153 12,599 46,014 0 34,773
1597 WILLOWOOD COLUMBUS 0 6,837 63,055 46,811 0 21,287
1598 CEDARGATE BOWLING GREEN 0 27,672 59,628 0 11,294
1599 WILLOW RUN WILLARD 0 23,984 0 0 12,000
1600 HEATHMOORE JEFFERSON 0 11,338 8,172 0 13,635
1601 STONEHENGE GLASGOW 0 11,422 0 0 8,661
1602 HEATHMOORE INDIANAPOLIS 0 13,648 49,149 28,026 0 25,456
1603 APPLE RUN TRUMBULL 0 13,838 0 0 12,533
1604 FOXTON MONROE 0 11,072 2,182 8,944 0 23,510
1605 ASHGROVE CALHOUN 0 7,413 0 (23,562) 17,520
1606 STONEHENGE OTTAWA 7,884 6,280 10,872 0 5,092
1613 WOODLANDS ZELIENOPLE 0 12,501 19,673 0 22,149
1615 RIDGEWOOD WESTLAND 0 8,795 0 0 41,291
1616 HEATHMOORE MACOMB 0 0 37,810 0 0 31,920
1617 DOVER PL EASTLAKE II 2,600 14,909 20,761 12,771 0 19,504
1618 DOVER PL EASTLAKE III 1,800 7,349 7,444 1,897 0 9,202
1619 CEDARGATE MICHIGAN CITY 0 8,706 9,479 (187,911) 29,790
1622 CEDARGATE BLOOMINGTON 0 33,197 63,885 0 38,850
1623 CEDARGATE LANCASTER 0 4,094 0 0 9,998
1624 STONEHENGE JEFFERSON 0 17,845 44,443 0 13,664
1626 SLATE RUN INDIANAPOLIS 18,581 23,994 18,515 61,283 0 35,101
1630 SANDALWOOD TOLEDO 8,665 10,085 0 (91,584) 22,781
1635 RIDGEWOOD COLUMBUS 4,825 6,946 46,330 0 24,151
1637 APPLEGATE DELAWARE 7,137 15,693 28,701 0 34,079
1638 MEADOWOOD LOGANSPORT 0 8,242 11,943 0 19,509
1639 SLATE RUN LEBANON 0 8,506 69,996 0 20,756
1640 WESTWOOD ROCHESTER 0 10,464 0 0 15,468
1641 WILLOWOOD WOOSTER 0 14,509 7,158 40,453 0 15,240
1642 STONEHENGE STARK 24,055 7,626 21,052 0 11,760
1644 RIDGEWOOD LEXINGTON 13,617 24,374 66,453 0 9,106
1645 RIDGEWOOD BEDFORD 3,168 15,762 43,995 0 19,889
1646 CAMELLIA CT COLUMBUS II 3,640 8,613 28,629 0 15,892
1647 CEDARGATE ENGLEWOOD 0 11,272 0 (22,441) 27,600
1648 SLATE RUN HOPKINSVILLE 5,900 10,218 97 0 10,955
1649 WILLOWOOD GROVE CITY 11,647 6,228 20,101 0 22,436
1650 MEADOWOOD COLUMBUS 0 27,746 20,384 0 23,877
1651 STONEHENGE INDIANAPOLIS 0 8,530 61,505 0 27,418
1652 MEADOWOOD WARRICK 1,400 14,164 0 0 21,600
1653 WILLOWOOD E INDIANAPOLIS 0 6,668 40,265 0 27,071
1655 CEDARGATE SHELBY 0 15,545 16,215 0 13,817
1656 RIDGEWOOD RUSSELVILLE 0 13,154 0 (149,635) 8,385
1657 WILLOW RUN NEW ALBANY 18,866 20,762 28,783 0 26,024
168
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
SYNDICATED
=================================
1658 ASHGROVE JEFFERSON 17,802 12,843 65,434 0 8,600
1659 SLATE RUN JEFFERSON 0 24,727 22,908 0 12,605
1660 MEADOWOOD LEXINGTON 18,915 18,365 24,040 0 10,085
1661 FORSYTHIA CT COLUMBUS 0 29,503 20,347 0 29,798
1663 WATERBURY GREENWOOD 0 6,340 21,965 0 16,126
1664 SLATE RUN BARDSTOWN 5,185 9,372 87 0 7,664
1666 WILLOWOOD FRANKFORT 0 11,939 0 (387,626) 11,253
1667 BECKFORD PL NEW CASTLE 0 5,368 26,639 0 11,770
1669 WILLOWOOD OWENSBORO 0 6,443 0 0 10,494
1670 STONEHENGE MONTGOMERY 0 16,097 35,135 0 28,368
1671 LARKSPUR MORAINE II 0 6,926 0 0 1,440
1673 SLATE RUN BEDFORD 0 15,256 43,924 0 51,357
1674 ROSEWOOD JEFFERSON 36,824 19,669 81,562 0 20,581
1676 MILLBURN STOW 16,148 24,845 11,167 24,097 0 28,634
1677 WILLOW RUN MADISONVILLE 0 11,694 0 (103,194) 14,350
1678 CEDARWOOD GOSHEN II 0 7,034 8,203 0 16,835
1679 HEATHMOORE EVANSVILLE 1,209 12,633 0 (59,555) 36,000
1681 FOREST PARK MEADOWOOD 0 43,461 0 0 51,067
1682 STONEHENGE TECUMSEH 0 6,179 3,722 52,861 0 27,660
1683 BRANDON CT BLOOMINGTON 0 17,460 55,439 0 51,316
1686 ASHGROVE STERLING 6,426 16,391 89,802 0 60,842
1687 MONTGOMERY CT INGHAM 0 13,124 24,847 0 34,278
1691 PINE GROVE ROSEVILLE II 0 8,196 17,934 0 19,533
1692 MEADOWOOD MONROE 12,750 10,524 81,946 0 26,593
1695 ANNHURST INDIANAPOLIS 0 88,835 0 0 33,823
1696 ANNHURST ALLEGHENY 0 25,851 61,092 0 80,275
1698 WOODLANDS STREETSBORO 11,483 33,728 13,102 20,905 0 20,702
1699 ROANOKE OAKLAND 35,650 22,565 0 0 62,776
1700 DANIEL CT CLERMONT 0 22,593 0 0 41,173
1702 STRATFORD SOUTH CHARLESTON 0 36,034 0 0 34,225
1703 BARRINGTON BEDFORD 9,418 44,657 5,887 27,939 0 69,793
1704 MULBERRY HILLIARD 16,112 13,236 42,332 0 0 29,357
1705 WOODLANDS COLUMBUS II 3,295 12,905 44,012 0 0 27,055
1707 LARKSPUR COLUMBUS II 4,870 10,503 31,096 0 25,827
1714 NEWBERRY EATON 0 14,966 52,862 0 32,275
1717 HICKORY MILL HURRICANE II 12,090 14,957 30,512 0 11,422
1718 MEADOWOOD COLUMBUS II 0 2,924 22,305 0 9,037
1719 VALLEYFIELD LEXINGTON 1,280 11,347 94,297 0 19,242
1720 RIDGEWOOD COLUMBUS II 0 6,705 35,784 0 23,345
1721 OLIVEWOOD INDIANAPOLIS 17,093 19,259 63,464 0 26,294
1723 ROANOKE JEFFERSON 0 35,206 21,790 0 9,851
1724 MEADOWOOD CUYAHOGA FALLS 581 15,735 49,283 0 25,695
1725 RIDGEWOOD LEXINGTON II 31,304 13,074 48,505 0 9,364
1726 STONEHENGE JASPER 0 5,144 4,572 (54,605) 16,149
1727 CARLETON CT KANAWHA 18,350 16,357 18,524 (29,532) 22,980
1728 NEWBERRY GROVE CITY 0 6,908 17,959 6,737 (98,219) 22,815
1729 BECKFORD PL N CANTON II 0 13,837 21,330 0 20,280
1730 NORTHRUP CT ALLEGHENY 0 11,711 2,426 0 (185,398) 29,300
1731 FORSYTHIA CT JEFFERSON 0 9,707 67,404 0 13,252
1732 WINTHROP CT FRANKFURT 0 14,323 41,405 0 14,336
1733 PRINCETON CT EVANSVILLE 0 5,024 23,061 0 32,055
1735 ROSEWOOD COLUMBUS 0 26,453 34,674 0 32,614
1737 SLATE RUN JEFFERSON II 0 23,563 0 0 13,982
1741 WILLOWOOD TROTWOOD 0 6,934 5,491 0 (101,080) 24,000
1744 BRUNSWICK TRUMBULL 5,016 0 0 0 0 19,377
1745 WYCLIFFE CT 0 1,097 0 (134,377) 26,640
1747 SLATE RUN MIAMISBURG 15,602 10,578 20,044 (130,000) 19,507
1748 MONTGOMERY CT COLUMBUS 0 13,204 44,347 0 28,492
1749 WATERBURY CLARKSVILLE 0 15,928 33,200 0 20,412
1751 WINTHROP CT COLUMBUS 0 11,228 20,974 (144,024) 23,685
1752 PICKERINGTON MEADOWS 8,250 9,388 31,062 0 21,041
1756 WATERBURY CLERMONT 1,000 23,348 30,295 0 26,705
1757 WILLOWOOD GROVE CITY II 4,509 3,624 4,792 3,000 0 12,562
1758 CEDARGATE BLOOMINGTON II 1,821 13,537 62,350 0 32,149
1759 ACADIA CT 6,970 14,259 68,800 0 58,491
169
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
SYNDICATED
=================================
1760 WILLOWOOD E INDIANAPOLIS II 0 10,234 47,743 0 24,345
1761 SHERBROOK COLUMBUS 0 6,358 28,788 0 27,676
1762 LONGWOOD LEXINGTON 0 11,320 44,182 0 11,558
1763 NORTHRUP CT ALLEGHENY II 0 12,679 2,000 0 30,350
1765 LAURELWOOD CT BEDFORD 2,712 10,280 8,330 0 19,123
1768 CARLETON CT ANN ARBOR 0 31,365 79,824 0 89,770
1770 VALLEYFIELD 0 18,655 0 0 58,825
1772 WENTWORTH ROSEVILLE 0 24,070 64,903 0 46,839
1773 WATERBURY WESTLAND 0 25,958 41,416 0 74,036
1777 HEATHMOORE INDIANAPOLIS II 0 23,524 43,710 0 33,295
1779 AMBERIDGE 0 9,876 21,770 0 34,352
1783 WOODLANDS STREETSBORO II 3,470 5,461 23,711 0 18,148
1785 CARLETON CT ERIE 0 17,858 8,982 0 27,638
1787 ROSEWOOD COMMONS 0 23,773 30,944 0 34,896
1790 WILLOWOOD FRANKFORT II 8,000 10,413 20,890 0 10,792
1794 ANNHURST COLUMBUS 0 0 0 0 18,334
1799 BEREA TABOR RIDGE 0 41,165 0 0 62,508
1801 WILLOWOOD WOOSTER II 0 11,163 1,854 (124,933) 15,720
1804 CAMBRIDGE COMMONS 0 9,501 40,972 0 0 30,930
1805 OLIVEWOOD INDIANAPOLIS II 17,657 38,057 10,609 643 (42,213) 25,344
1807 BRUNSWICK MONONGALIA 0 19,173 11,416 0 18,188
1812 HAMPTON WOODS COLUMBUS 0 13,197 0 0 15,816
1813 SUFFOLK GROVE GROVE CITY 6,420 14,337 12,162 50,679 0 31,950
1815 MONTGOMERY CT COLUMBUS II 0 16,428 49,563 1,993 0 24,588
1818 REDWOOD HOLLOW SMYRNA 0 13,551 3,355 (131,564) 21,672
1829 CLEARVIEW GREENWOOD 15,064 22,293 50,375 85,247 161 0 28,309
1832 ANSLEY OAKS 0 14,595 36,619 0 0 36,576
1844 STERLING HGTS OLIVEWOOD 2,495 189,083 103,863 0 0 75,812
1847 RED DEER FAIRBORN 0 36,594 34,506 0 16,560
1851 ASHGROVE STERLING II 3,672 28,514 17,703 17,703 (184,328) 46,572
1866 HEATHMOORE WAYNE II 9,865 29,110 40,086 0 30,450
1875 DOVER PL EASTLAKE IV 4,300 13,101 47,271 0 24,226
1905 CAMBRIDGE COMMONS II 0 5,869 0 0 30,017
1907 DOGWOOD GLEN MARION II 17,252 19,551 47,342 (105,135) 27,333
1916 CLEARVIEW GREENWOOD II 17,904 14,100 64,715 0 0 15,985
1928 WOODLANDS COLUMBUS III 0 29,367 0 0 37,498
1944 TIMBERCREEK TOLEDO 0 0 0 0 32,811
2100 SANFORD CT INVESTORS 0 0 0 0 38,568
2106 OLD ARCHER CT 26,843 27,837 18,008 30,287 0 26,293
2107 PALATKA OAKS 5,580 2,516 89 0 9,402
2108 AZALEA HILL 0 0 0 0 8,723
2112 TURKSCAP 0 9,187 2,786 0 15,761
2114 CEDARWOOD 16,250 8,360 487 0 14,007
2115 UNIVERSITY SQ 56,312 10,979 9,774 0 20,831
2129 NORTHWOOD 22,080 7,096 110 0 11,923
2131 ROLLINGWOOD 0 10,962 0 0 20,002
2139 MEADOWOOD II 17,410 10,066 29,364 0 19,347
2143 CEDARWOOD II 7,790 7,550 0 0 10,452
2153 NOVAWOOD 8,202 5,756 4,664 0 0 22,331
2154 KNOLLWOOD II 0 0 0 0 6,880
2164 PALATKA OAKS II 10,500 2,768 1,471 0 7,456
2165 NOVAWOOD II 0 8,379 13,846 0 23,531
2166 WINGWOOD 0 10,288 4,098 0 0 31,516
2172 HEATHERWOOD II 0 5,155 1,113 0 0 13,613
2173 COUNTRYSIDE 8,640 7,641 0 0 25,543
2174 COUNTRYSIDE II 34,705 12,791 3,705 0 0 41,002
2189 HIDDEN PINES 0 9,132 1,274 0 0 21,960
2190 MOSSWOOD 0 9,591 27,906 0 19,268
2191 MOSSWOOD II 0 11,477 66,574 0 0 30,007
2193 SUNRISE 0 7,856 0 0 22,815
2194 SUNRISE II 14,700 2,223 0 0 12,836
2196 BRANCHWOOD 0 27,322 0 0 37,024
2199 CONCORD SQ II 30,406 11,043 122 0 24,980
2201 LONGWOOD 29,022 8,099 1,779 0 0 24,388
2202 LONGWOOD II 4,604 3,190 0 0 13,665
2205 BRANDYWYNE E 0 4,976 1,735 0 0 14,080
170
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
SYNDICATED
=================================
2212 AMBERWOOD 4,502 4,824 2,574 0 15,667
2215 COUNTRYSIDE III 6,715 4,736 9,422 0 0 13,490
2218 INDIAN RIDGE 97,576 11,570 8,776 0 19,132
2222 SHADOWOOD 0 8,308 0 0 33,322
2224 ROSEWOOD 0 12,834 47,263 0 21,539
2226 SPRINGTREE 44,619 4,354 864 0 0 29,471
2230 RIVERWOOD 0 10,415 6,340 0 19,936
2231 APPLEWOOD 9,198 13,927 0 0 21,997
2234 WINDRUSH 17,250 5,356 9,618 0 18,489
2235 HERONWOOD 33,120 5,879 6,039 0 17,179
2237 SANDPIPER II 3,596 17,256 0 0 24,502
2240 BAYSIDE 0 6,314 1,484 0 0 20,494
2242 DEERWOOD 0 6,105 3,188 0 0 11,164
2244 CANDLELIGHT 41,859 4,140 1,114 0 (68,936) 22,173
2246 GARDEN TERRACE II 27,666 9,035 2,606 0 20,946
2247 INDIAN RIDGE II 36,531 6,483 0 0 13,756
2249 SHADOWOOD II 0 6,520 9,226 0 33,128
2251 STRAWBERRY PL 0 8,832 0 0 15,868
2253 CRYSTAL CT 0 9,416 2,195 0 0 21,967
2254 TURKSCAP III 7,240 3,215 36,745 0 0 17,754
2265 PINE LAKE 0 3,099 16,084 0 0 12,551
2284 CAPITAL RIDGE 88,095 15,871 9,824 0 27,204
2285 WOODLAND 5,354 14,919 14,375 0 0 29,858
2288 SHADOW RIDGE 28,805 10,606 7,718 0 24,413
2295 HICKORY PL 12,873 20,634 37,380 0 26,733
2300 PINE TERRACE 0 8,255 56,474 0 18,853
2301 PALM PL 0 22,660 0 0 35,995
2309 THE LANDINGS 0 9,447 25,598 0 20,957
2311 ASTORWOOD 0 10,096 32,430 0 (78,494) 32,152
2312 PINELLAS PINES 0 11,352 0 0 36,348
2313 SPRING GATE 0 15,983 24,660 0 15,190
2314 GARDEN TERRACE III 82,413 12,675 9,858 0 29,818
2340 SHADOW BAY 0 17,247 0 0 19,453
2341 TERRACE TRACE 12,275 18,287 33,728 0 28,075
2343 KINGS CROSSING 29,810 12,535 13,200 0 0 23,841
2344 ELMWOOD 865 16,810 0 0 28,046
2355 NOVA GLEN 4,229 8,802 2,326 0 0 26,818
2363 MORNINGSIDE II 43,491 8,905 0 0 67,969
2365 APPLEWOOD II 4,980 0 0 0 35,326
2376 MOULTRIE 19,922 11,358 58,137 0 20,579
2379 SUGARTREE 650 7,605 22,201 0 0 24,851
2387 SOUTHGATE 0 20,294 48,930 0 46,063
2399 SUTTON PL 6,253 6,634 1,499 0 0 18,097
2405 DRIFTWOOD 0 3,347 83,629 0 0 21,421
2407 PINE MEADOWS 0 17,471 21,321 0 19,326
2411 ELMWOOD II 45,921 12,356 0 0 27,059
2412 PARKWAY N 18,760 5,253 8,995 0 18,144
2416 PINE TERRACE II 0 7,192 28,911 0 14,332
2422 HILLVIEW TERRACE 3,910 9,068 25,255 304 (68,260) 14,324
2427 HILLCREST VILLA 4,515 6,270 49,389 0 0 15,850
2429 CYPRESS 41,945 11,116 21,852 0 0 13,842
2431 OLYMPIAN VIL 0 29,000 0 0 58,025
2432 SILVER FOREST 10,560 7,103 1,631 0 (138,956) 13,925
2438 BERRY PINES 0 16,276 19,255 0 20,817
2439 OAK RIDGE 2,221 8,634 18,565 0 0 18,583
2441 OAK SHADE 12,990 24,096 42,434 0 33,378
2442 HOLLY SANDS 56,351 16,654 59,987 0 18,968
2443 BROADVIEW OAKS 46,125 15,089 0 0 28,476
2444 THYMEWOOD 0 18,784 36,035 0 0 59,273
2446 SHADOW BAY II 14,465 6,814 36,205 0 0 20,804
2447 CANDLELIGHT II 10,436 5,175 1,196 0 (91,799) 24,612
2449 SUGARTREE II 1,940 13,589 61,288 0 23,513
2451 WINTER WOODS 0 15,579 0 0 18,514
2452 WOODLAND II 4,561 12,546 2,789 0 0 28,114
2454 BEL AIRE 0 14,519 1,535 0 0 35,201
2459 CLEARLAKE PINES II 16,930 9,138 0 0 21,248
171
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CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
SYNDICATED
=================================
2460 MANCHESTER 14,225 9,833 11,486 0 0 24,908
2461 RANCHSIDE 15,782 11,286 20,332 0 19,707
2464 ESSEX SQ 5,294 19,793 1,836 77,880 0 20,867
2465 WESTCREEK 15,465 14,112 3,268 0 0 34,697
2466 SKY PINES 4,769 23,729 14,376 0 32,101
2470 RIVERS END 30,890 41,335 8,864 0 23,612
2471 BRIDGE POINT 10,534 14,848 8,923 0 23,630
2478 NOVA GLEN II 0 21,100 0 0 31,612
2483 OAKWOOD MANOR 4,200 13,598 0 0 37,191
2484 HOLLY RIDGE 0 23,514 4,430 0 0 54,073
2488 HIGH POINTS 750 17,372 0 0 36,698
2499 WINTER WOODS II 0 4,503 0 0 14,038
2502 PALM SIDE 0 6,567 16,956 0 32,658
2574 PALM BAY/WINDWOOD II 28,340 3,353 764 0 0 25,476
3101 MEADOWOOD NORCROSS 0 31,968 91,927 0 21,652
3102 CEDARGATE LAWRENCEVILLE 14,590 31,296 22,654 0 25,017
3104 WILLOW RUN DEKALB 0 10,585 0 (313,801) 26,690
3108 FOREST VIL BIBB 3,475 39,951 14,811 0 0 23,963
3109 RIDGEWOOD DEKALB 5,044 17,855 28,349 0 24,663
3111 IRIS GLEN ROCKDALE 0 16,440 0 (255,920) 33,134
3112 MEADOWLAND CLARKE 27,540 17,415 61,881 0 17,760
3114 WILLOWOOD MILLEDGEVILLE 0 14,115 32,804 0 13,895
3115 MEADOWOOD NORCROSS II 0 29,066 11,521 0 0 26,134
3116 VALLEYFIELD DEKALB 0 11,403 15,000 0 24,605
3117 NORWOOD GWINNETT 0 24,411 43,982 0 30,893
3118 SHADOW TRACE DEKALB 0 16,607 41,585 19,490 0 27,533
3120 OAKLEY WOODS UNION CITY 22,570 5,504 7,382 0 24,573
3121 ELMWOODS MARIETTA 0 28,272 19,357 0 14,242
3122 WOOD TRAIL NEWMAN 0 34,134 74,005 0 18,145
3123 REDAN VIL DEKALB 14,366 32,799 61,721 0 28,549
3124 BARRINGTON DEKALB 0 9,115 11,252 (140,137) 8,917
3125 STRATFORD LANE COLUMBUS 0 33,132 27,764 0 23,662
3127 WOODCLIFF LILBURN 0 40,674 73,995 0 29,191
3128 WOODCREST 0 18,929 37,346 0 21,363
3130 RAMBLEWOOD RICHMOND 972 18,281 1,893 0 16,449
3131 COUNTRYSIDE MANOR 0 40,906 86,070 0 23,150
3132 WINDSOR VIL 0 0 0 0 23,550
3135 WATERBURY CLARKE 21,265 13,593 28,817 11,663 0 15,322
3136 BURNSBROOKE ATHENS 1,603 20,861 0 0 19,935
3137 GENTIAN OAKS COLUMBUS 0 22,492 0 0 22,042
3138 WILLOW CREEK GRIFFIN 0 10,182 22,389 0 11,362
3139 TIMBERWOODS PERRY 0 2,480 33,410 0 0 12,901
3140 CARRIAGE HILLS DUBLIN 0 24,360 0 0 11,922
3141 HILLANDALE MANOR DEKALB 0 18,689 66,794 0 18,657
3142 WHISPERWOOD CORDELE 0 21,527 0 0 16,282
3143 OAKWOOD VIL RICHMOND 0 31,917 8,668 803 0 11,809
3145 PINE KNOLL CLAYTON 0 8,474 67,351 0 21,937
3149 HARBINWOOD GWINNETT 9,392 19,900 35,033 0 27,272
3150 PARKWOOD VIL 0 15,387 23,365 0 20,459
3151 AMBERWOOD BARTOW 0 31,236 48,876 3,894 0 10,306
3152 WOOD VALLEY CALHOUN 0 9,720 29,936 0 0 7,873
3153 NORTHRIDGE CARROLLTON 0 26,756 64,619 0 19,316
3154 HILLSIDE MANOR AMERICUS 0 19,395 7,828 0 12,515
3156 VALLEYFIELD DEKALB II 20,504 4,366 80,484 34,441 0 25,131
3158 WOODCLIFF LILBURN II 0 10,176 56,804 0 0 28,971
3159 FOREST RIDGE RICHMOND 0 0 0 0 10,157
3160 SHANNON WOODS UNION CITY II 0 6,752 35,421 46,257 0 27,855
3161 HOLLY PARK COLUMBUS 0 16,342 24,719 0 0 18,917
3162 REDAN VIL DEKALB II 0 22,326 104,236 0 27,047
3163 RIDGEWOOD DEKALB II 0 3,007 254 (120,644) 19,610
3168 KNOX LANDING KNOXVILLE 34,093 18,975 1,114 0 35,606
3176 MORGAN TRACE UNION CITY 0 17,060 76,373 0 39,703
3184 AMBERWOOD II 0 16,652 9,801 0 9,859
3197 PARKWOOD VIL II 0 14,809 110,789 59,433 0 17,825
3200 SKYRIDGE 18,219 38,805 0 250,599 0 35,827
3266 MARSH LANDING 10,158 29,527 0 0 10,592
172
[Enlarge/Download Table]
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
OTHER FINANCIAL INFORMATION (CASH BASIS)
-----------------------------------------------------------------------------------------
Contractual Sub- Dis-
First ordinated tribution Excess Real
Capital Mortgage Debt to Limited Cash Flow Estate
Prop # Name Expenditures Principal Principal to Partners Cardinal Investment Taxes
====================================================================================================================================
SYNDICATED
=================================
3269 WOODSIDE 38,430 11,830 79,563 0 7,284
3270 GREENTREE 35,772 7,922 0 0 9,366
3271 STILLWATER 0 4,578 11,372 (76,793) 23,564
3353 RAMBLEWOOD II 21,034 5,857 50,982 0 4,570
3358 LINK TERRACE 17,690 10,293 4,241 0 23,515
3366 GREENTREE II 44,884 5,813 0 (16,466) 6,738
3378 SUNNYSIDE 0 12,203 47,179 0 14,974
3409 QUAIL CALL 16,649 5,191 26,251 0 14,432
3428 WESTWAY 25,720 28,371 33,386 0 14,170
3430 CAMDEN WAY 21,302 5,566 0 0 9,659
3450 CAMDEN WAY II 34,620 22,149 0 0 7,462
4101 FORSYTHIA CT HARFORD 0 28,801 0 (382,502) 25,920
4149 GLEN HOLLOW GLEN BURNIE 0 21,291 0 0 18,784
4708 ANNHURST HARFORD 0 17,235 58,268 0 23,524
------------- ----------- ---------- ---------- ---------- ------------ -----------
409 $3,236,122 $5,925,445 $1,433,783 $1,094,093 $7,325,849 $(5,484,904) $9,304,852
------------- ----------- ---------- ---------- ---------- ------------ -----------
Dates Referenced Herein and Documents Incorporated by Reference
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