Pre-Effective Amendment to Registration Statement for Securities of a Real Estate Company — Form S-11
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-11/A Pre-Effective Amendment to Registration Statement 259 1.12M
for Securities of a Real Estate Company
2: EX-1.1 Underwriting Agreement 22 82K
3: EX-3.1 Articles of Incorporation/Organization or By-Laws 54 245K
4: EX-5.1 Opinion re: Legality 2 16K
5: EX-8.1 Opinion re: Tax Matters 3 21K
6: EX-10.1 Material Contract 16 69K
14: EX-10.10 Material Contract 31± 178K
15: EX-10.11 Material Contract 20 163K
16: EX-10.13 Material Contract 5 27K
17: EX-10.14 Material Contract 72 372K
18: EX-10.15 Material Contract 61 336K
7: EX-10.2 Material Contract 10 43K
19: EX-10.23 Material Contract 34 106K
20: EX-10.24 Material Contract 1 12K
21: EX-10.25 Material Contract 35 112K
22: EX-10.26 Material Contract 1 13K
23: EX-10.27 Material Contract 2 16K
24: EX-10.28 Material Contract 4 27K
25: EX-10.29 Material Contract 3 19K
8: EX-10.3 Material Contract 9 39K
26: EX-10.30 Material Contract 26 91K
27: EX-10.31 Material Contract 1 12K
28: EX-10.32 Material Contract 2 15K
29: EX-10.33 Material Contract 3 17K
30: EX-10.34 Material Contract 2 15K
31: EX-10.35 Material Contract 1 12K
9: EX-10.4 Material Contract 3 17K
10: EX-10.5 Material Contract 13 65K
11: EX-10.7 Material Contract 18 63K
12: EX-10.8 Material Contract 5 32K
13: EX-10.9 Material Contract 19 151K
32: EX-23.1 Consent of Experts or Counsel 2± 14K
33: EX-99 Miscellaneous Exhibit 12 50K
Exhibit 10.14
EXHIBIT A
REPORTING PACKAGE
See Attached.
The Bainbridge
Companies
BC-Bainbridge Bay
Pointe LLC
JULY 2003
FINANCIAL REPORTS
TABLE OF CONTENTS
BAY POINTE
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EXECUTIVE SUMMARY SECTION 1
BUDGET VARIANCE REPORT SECTION 2
BALANCE SHEET SECTION 3
INCOME STATEMENT & BUDGET COMPARISON SECTION 4
RENT ROLL SECTION 5
AGED DELINQUENCY DETAIL & PREPAID SUMMARY SECTION 6
CALCULATION OF PROPERTY MANAGEMENT FEE SECTION 7
CASH FLOW SECTION 8
BAY POINTE
JACKSONVILLE, FLORIDA
EXECUTIVE SUMMARY
JULY 2003
OPERATING STRATEGY
The operating strategy for Bay Pointe is to re-position the property in the
submarket through planned capital improvements and more opportunistic
management. During the third quarter, interior and exterior improvements will
begin. In addition, an elevated level of customer service will enhance value
from the perspective of the customer. During this time, an aggressive collection
program will be implemented in an effort to improve the resident profile.
OPERATIONAL HIGHLIGHTS
Continued emphasis was placed on providing excellent customer service to the
existing residents through the timely handling of resident service requests.
Additionally, through enhanced marketing and leasing efforts the leasing
activity through the month of July increased.
LEASING AND OCCUPANCY
During the month of July, a total of 65 prospective customers visited the
property. The leasing team achieved a closing ratio of 62% as 40 prospects were
converted into leases. The top source of new leases was drive-by traffoc,
representing over 37% of the total. Occupancy at the end of the period was 92%.
There were 16 move-outs during the period, with approximately 1/3 of the
move-outs being due to the purchase of a home.
MARKET CONDITIONS
See Market Survey.
MARKETING
In July advertising continued in Apartment Guide, Apartment Guide.com, Apts.com,
and Homestore.com. Flags and bandit signs were installed at the entrance to the
property, enhancing the drive by appeal. Finally, there were 7 new leases that
came from resident referrals.
1
STAFFING
Lori Meader Property Manager
Christina Colon Assistant Property Manager
Lorell Pugh Leasing Consultant
Kevin Parker Maintenance Supervisor
Willie Williams Maintenance Assistant
Edwin Walker Groundskeeper
CAPITAL EXPENDITURES/RENOVATION
Bids are being secured for projects associated with the renovation of the
property. The architect has made recommendations which are currently being
evaluated. Tree trimming has been completed, and the roof replacement contract
was awarded.
2
BCP MARKET SURVEY Project : Bay Pointe
May-03 Location: Jacksonville, FL
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Bay Pointe - Bainbridge Company
Deerbrook 144 94% 1988 12 - 1/1.5 875 $ 785 $ 0.?0 18 - 2/2
8 - 2/2
12 - 2/2
40 - 2/2.5
42 - 2/2.5
Baymeadows 96% 1972 142 - 1/1 724 $ 589 $ 0.79 48 - 2/1
80 - 1/1 797 $ 5?? $ 0.75 ?9 - 2/2
20 - 1/1 1,008 $ 689 $ 0.?? 188 - 2/2
17? - 2/2
22 - 2/2.5
River Reach 364 97% 1972 132 - 1/1 1,060 $ $ 0.81 42 - 2/2
24 - 1/1 1,100 $ 728 $ 0.88 48 - 2/2
84 - 2/2
Avg. Deerbrook 144 96% 1968 875 $ 785 $ 0.90
Avg. Baymeadows ??? 96% 1972 843 $ 812 $ 0.73
Avg. River Reach ?64 97% 1972 1,090 $ 894 $ 0.84
SUBJECT ?00 1972 120 - 1/1 7?5 $ 0.72 130 - 2/1
Bay Pointe - Bainbridge Company
Deerbrook 1,204 $ ?19 $ 0.78 12 - 3/3 1,588 1,120 $ 0.72
1,207 $ ??? $ 0.78
1,298 $ 940 $ 0.72
1,328 $ ?50 $ 0.72
1,350 $ 950 $ 0.70
Baymeadows 1,084 $ 879 $ 0.83 18 - 3/2 1,477 $ 679 $ 0.50
1,088 $ 789 $ 0.72 38 - 3/2 ?,58? $ 689 $ 0.58
1,162 $ 619 $ 0.60 30 - 3/2.5 ?,831 $ 919 $ 0.58
1,326 $ 799 $ 0.60 74 - 3/2.5 ?,896 $ 929 $ 0.55
1,457 $ $ 0.57
River Reach 1,200 $ 7?? $ 0.68 12 - 3/2 ?,550 $ 989 $ 0.84
1,250 $ 819 $ 0.?? 43 - 3/2 ?,575 $ 969 $ 0.63
1,450 $ 829 $ 0.57
Avg. Deerbrook 1,218 $ 938 $ 0.73 ?,566 $ 1,120 $ 0.72
Avg. Baymeadows 1,221 $ 755 $ 0.?2 ?,597 $ 804 $ 0.57
Avg. River Reach 1,300 $ 817 $ 0.03 1,583 $ 96? $ 0.83
SUBJECT 1,10? $ 0.5?
Bay Pointe - Bainbridge Company
Deerbrook Y Y Y Y Y O Y Y
Baymeadows
River Reach
Avg. Deerbrook
Avg. Baymeadows
Avg. River Reach
SUBJECT
%=? 0% 0% 0% 0%
Notes: Amenities
BAY POINTE
BUDGET VARIANCE REPORT
JULY 2003
REVENUE
TOTAL RENTAL INCOME
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ACTUAL BUDGET VARIANCE %
MONTH 158,017.50 137,862.00 20,155.50 14.62
YTD 376,564.68 336,353.93 40,210.75 11.95
COMMENTS:
Total rental income reflected a favorable variance for June due to higher
occupancy and fewer concessions.
OTHER INCOME
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ACTUAL BUDGET VARIANCE %
MONTH 9,297.89 11,855.00 (2,587.11) (21.77)
YTD 15,501.52 22,063.45 (6,561.93) (29.74)
COMMENTS:
Other income reflected an unfavorable variance due to no redecorating or
termination fees collected.
EXPENSES
ON-SITE STAFF
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ACTUAL BUDGET VARIANCE %
MONTH 15,028.13 24,259.00 9,230.87 38.05
YTD 30,369.90 44,260.00 13,890.10 31.38
COMMENTS:
The favorable payroll variance was due to the timing of the start dates of the
new employees, including the property manager and maintenance assistant. In
addition, no leasing bonuses or employee benefit expenses were incurred.
UTILITIES
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ACTUAL BUDGET VARIANCE %
MONTH 13,659.84 11,800.00 (1,859.84) (15.76)
YTD 24,494.91 24,153.58 (341.33) (1.41)
3
COMMENTS:
Utility expenses have been accrued due to the timing of the receipt of accurate
bills. Utility expenses are expected to be in line with the budget.
HVAC
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ACTUAL BUDGET VARIANCE %
MONTH 2,835.42 700.00 (2,135.42) (305.06)
YTD 3,590.51 1,400.00 (2,190.51) (156.47)
COMMENTS:
Expenses were within budgeted guidelines.
REPAIRS AND MAINTENANCE
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ACTUAL BUDGET VARIANCE %
MONTH 15,887.68 8,855.00 (7,032.68) (79.42)
YTD 24,091.11 17,816.45 (6,274.66) (35.22)
COMMENTS:
Expenses were within budgeted guidelines.
LANDSCAPE
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ACTUAL BUDGET VARIANCE %
MONTH 463.87 5,300.00 4,836.13 91.25
YTD 2,841.29 7,677.42 4,836.13 62.99
COMMENTS:
Expenses were within budgeted guidelines.
CLEANING
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ACTUAL BUDGET VARIANCE %
MONTH 7,945.36 700.00 (7,245.36) (1,035.05)
YTD 10,805.36 1,240.00 (9,565.36) (771.40)
COMMENTS:
The unfavorable cleaning variance was due to contract grounds service and carpet
cleaning not budgeted. Note the favorable payroll variance as it relates to
contract groundskeeping. Also note that carpet cleaning was necessary to prepare
units for move-in.
4
INSURANCE AND TAXES
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ACTUAL BUDGET VARIANCE %
Month 24,039.00 23,543.00 (496.00) (2.11)
YTD 48,078.00 47,086.00 (922.00) (2.11)
COMMENTS:
Expenses were within budgeted guidelines.
FEES AND DUES
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ACTUAL BUDGET VARIANCE %
Month 4,169.51 5,241.00 1,071.49 20.44
YTD 10,681.12 12,576.17 1,895.05 15.07
COMMENTS:
Lower management fees than budgeted due to high delinquency.
OFFICE EXPENSES
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ACTUAL BUDGET VARIANCE %
Month 1,904.95 1,200.00 (704.95) (58.75)
YTD 3,280.46 2,468.99 (811.47) (32.87)
COMMENTS:
The unfavorable variance was due to printing costs associated with forms
required to organize the office.
POOL AND TENNIS COURTS
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ACTUAL BUDGET VARIANCE %
Month 671.41 900.00 228.59 25.40
YTD 1,197.45 1,800.00 602.55 33.48
COMMENTS:
The favorable variance is a result of savings realized as a result of in-house
pool care versus contracting for services.
ADMINISTRATIVE
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ACTUAL BUDGET VARIANCE %
Month 3,794.00 1,341.00 (2,453.00) (182.92)
YTD 5,124.00 2,556.00 (2,568.00) (100.47)
COMMENTS:
Expenses were within budgeted guidelines.
5
MARKETING AND ADVERTISING
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ACTUAL BUDGET VARIANCE %
Month 1,217.66 2,990.00 1,772.34 59.28
YTD 2,662.87 6,117.74 3,454.87 56.47
COMMENTS:
The favorable variance was due to lower locator fees.
6
BC-Bainbridge Bay Pointe LLC
Balance Sheet
July 31, 2003
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CURRENT ASSETS
CASH & CASH EQUIVALENTS
Wachovia Operating Account $ 116,105.19
Wachovia Security Deposit 69,401.50
Real Estate Tax Escrow 95,704.51
Completion Escrow 598,424.00
Capital Improvements Escrow 4,078,336.00
----------------
TOTAL CASH $ 4,957,971.20
ACCOUNTS RECEIVABLE
A/R. - Tenants $ 37,100.50
A/R. - NSF Checks 1,185.00
----------------
TOTAL ACCOUNTS RECEIVABLE $ 38,285.50
INVESTMENT PROPERTY
Land $ 3,000,000.00
Building 8,241,987.46
Accum. Deprec. - Building (53,519.40)
Furniture, Fixtures & Equip. 903,405.31
Accum. Deprec - Furn/Fix/Equ (113,442.00)
----------------
TOTAL INVESTMENT PROPERTY $ 11,978,431.37
OTHER ASSETS
Loan Costs $ 170,465.37
Accum. Amort - Loan Costs (4,058.70)
----------------
TOTAL OTHER ASSETS $ 166,406.67
DEPOSITS
Utility Deposits $ 13,300.00
----------------
TOTAL DEPOSITS $ 13,300.00
PREPAID EXPENSES
Prepaid Insurance $ 5,748.20
----------------
TOTAL PREPAIDS $ 5,748.20
DEVELOPMENT IN PROGRESS
Hard Costs- Construction $ 11,413.72
----------------
SOFT COSTS - DEV
TOTAL DEVELOPMENT $ 11,413.72
----------------
TOTAL ASSETS $ 17,171,556.66
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LIABILITIES
CURRENT LIABILITIES
Accounts Payable $ 32,570.98
Accrued Expenses 12,487.60
Management Fee Payable 4,169.51
A/P - Prior Owner 12,545.00
----------------
TOTAL CURRENT LIABILITIES $ 61,773.09
OTHER LIABILITIES
Accrued Property Taxes $ 79,253.51
Prepaid Rents - Monthly 6,759.00
Security Deposits-Tenant 64,933.50
----------------
TOTAL OTHER LIABILITIES $ 150,946.01
NOTES PAYABLE
Mortgage Payable $ 9,800,000.00
----------------
TOTAL NOTES PAYABLE $ 9,800,000.00
----------------
TOTAL LIABILITIES $ 10,012,719.10
OWNER'S EQUITY
Boston Capital Equity $ 7,186,335.37
Net Income (Loss) (27,497.81)
----------------
TOTAL OWNERS' EQUITY $ 7,158,837.56
----------------
TOTAL LIABILITIES & EQUITY $ 17,171,556.66
----------------
BC-Bainbridge Bay Pointe LLC
Income Statement
For the Period Ended July 31, 2003
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CURRENT YTD
ACTIVITY % NET %
INCOME
Market Rents $ 184,880.00 110.50 $ 436,807.35 111.41
Vacancy Loss (17,983.50) (10.75) (39,280.98) (10.02)
Rent Concessions (550.00) (.33) (4,030.50) (1.03)
Model & Employee Units (347.00) (.21) (2,863.75) (.73)
Loss/Gain to Lease (7,982.00) (4.77) (14,067.44) (3.59)
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TOTAL RENTAL INCOME $ 158,017.50 94.44 $ 376,564.68 96.05
OTHER INCOME
Other Income $ (7,870.65) (4.70) $ (7,147.20) (1.82)
Late Charge Income 5,582.00 3.34 7,306.93 1.86
NSF Fee Income 245.00 .15 245.00 .06
Vending Income 638.56 .38 2,404.06 .61
Application Fee Income 875.00 .52 1,125.00 .29
Termination Fees 6,195.00 3.70 6,740.00 1.72
Move Out Income 447.98 .27 622.73 .16
Washer & Dryer Rental Inco 1,330.00 .79 1,330.00 .34
Laundry Token Income 1,655.00 .99 1,655.00 .42
Month to Month Fees 200.00 .12 1,220.00 .31
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TOTAL OTHER INCOME $ 9,297.89 5.56 $ 15,501.52 3.95
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TOTAL REVENUE $ 167,315.39 100.00 $ 392,066.20 100.00
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OPERATING EXPENSES
ON SITE STAFF
Leasing Wages $ 3,924.33 2.35 $ 7,265.21 1.85
Maintenance Wages 7,569.70 4.52 8,746.40 2.23
Property Manager Wages 2,923.06 1.75 4,384.59 1.12
Temporary Help - Admin 178.50 .11 178.50 .05
Payroll Taxes 1,158.30 .69 1,762.80 .45
Employee Benefits 1,069.71 .64 1,069.71 .27
Employee Uniforms 300.00 .08
Employee Education 120.00 .07 120.00 .03
Unemploy. Insur/Workers Co 500.53 .30 667.76 .17
Temporary Personnel (2,416.00) (1.44) 5,874.93 1.50
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TOTAL ON-SITE STAFF $ 15,028.13 8.98 $ 30,369.90 7.75
UTILITIES
Electricity-Vacant Units $ 800.00 .48 $ 1,600.00 .41
Electricity-Grounds 23.38 .01 23.38 .01
Electricity-House 1,200.00 .72 2,500.00 .64
Gas-Facilities 380.22 .23 761.71 .19
Trash Hauling 3,456.24 2.07 4,009.82 1.02
Water & Sewer - Facilities 7,800.00 4.66 15,600.00 3.98
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TOTAL UTILITIES $ 13,659.84 8.16 $ 24,494.91 6.25
Confidential: For Internal Use Only
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CURRENT YTD
ACTIVITY % NET %
HVAC
HVAC Repairs & Maintenance $ 2,835.42 1.69 $ 3,590.51 .92
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TOTAL HVAC $ 2,835.42 1.69 $ 3,590.51 .92
REPAIRS & MAINTENANCE
Pest Control $ 795.00 .48 $ 901.45 .23
Lightbulbs & Ballasts 161.03 .10 188.73 .05
Window Replacement 227.40 .14 454.80 .12
Locks & Keys 540.85 .32 992.41 .25
Painting 5,835.00 3.49 8,030.00 2.05
Painting Supplies 172.78 .10 564.28 .14
Plumbing Contract 1,082.35 .65 1,082.35 .28
Plumbing Supplies 1,180.15 .71 2,294.77 .59
Carpet Replacement 57.92 .03 1,346.89 .34
General Building Supplies 57.09 .03 57.09 .01
Janitorial Contract Services 64.18 .02
Electrical Repairs 473.56 .28 757.91 .19
Flooring Repairs 690.83 .41 978.51 .25
Maintenance Supplies 624.47 .37 1,285.78 .33
Maintenance Equipment 594.47 .36 631.39 .16
Equip. Service/Maintenance 210.79 .05
Misc. Repairs & Maintenance 855.00 .22
Appliance Repair/Replacement 123.42 .07 123.42 .03
Facilities Safety Equipment 131.36 .08 131.36 .03
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TOTAL REPAIRS & MAIN $ 12,747.68 7.62 $ 20,951.11 5.34
LANDSCAPE
Landscape - Contract Service $ 1,398.00 .84 $ 4,198.00 1.07
Landscape - Maintenance (800.00) (.48) (1,422.58) (.36)
Sprinkler Repairs (200.00) (.12)
Landscape Replacement 65.87 .04 65.87 .02
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TOTAL LANDSCAPE $ 463.87 .28 $ 2,841.29 .72
CLEANING
CLEANING $ 1,349.99 .81 $ 1,349.99 .34
Carpet Cleaning 4,748.00 2.84 5,143.00 1.31
? ay Porter Service 358.00 .21 758.80 .19
Cleaning - Common Area 955.00 .57 955.00 .24
Cleaning Supplies 53.57 .03 53.57 .01
Trash Expense (1,500.00) (.90)
Cleaning - Apartment 1,980.00 1.18 2,545.00 .65
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TOTAL CLEANING $ 7,945.36 4.75 $ 10,805.36 2.76
BUILDING SERVICES
Cable/Music/Murzak $ 44.00 .03 $ 44.00 .01
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CURRENT YTD
ACTIVITY % NET %
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Washer & Dryer Rental Expens $ 1,567.84 .94 $ 1,567.84 .40
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TOTAL BLDING SERVICES $ 1,611.84 .96 $ 1,611.84 .41
SECURITY & SAFETY
Security & Safety $ 184.23 .11 $ 184.23 .05
Monitoring Services 59.00 .02
Security Services 26.50 .01
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TOTAL SCRTY & SAFETY $ 184.23 .11 $ 269.73 .07
INSURANCE & TAXES
Insurance Expense $ 8,621.00 5.15 $ 17,242.00 4.40
Real Estate Taxes 15,418.00 9.21 30,836.00 7.86
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TOTAL INSR & TAXES $ 24,039.00 14.37 $ 48,078.00 12.26
FEES AND DUES
Management Fees $ 4,169,51 2.49 $ 10,681.12 2.72
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TOTAL FEES & DUES $ 4,169,51 2.49 $ 10,681.12 2.72
OFFICE EXPENSES
Office Expenses $ 83.62 .05 $ 83.62 .02
Copier Expense 266.73 .16 338.11 .09
Office Equipment 238.54 .06
Office Supplies 200.00 .12 200.00 .05
Postage 164.40 .10 164.40 .04
Printing 370.18 .09
Telephone (Office) 396.34 .10
Internet Services 307.16 .18 307.16 .08
Office Utilities 29.10 .02 29.10 .01
Telephone - Dedicated Line 329.08 .20 329.08 .08
Misc. Expenses 20.00 .01 167.32 .04
Office Expense 15.50
Mileage 67.60 .04 67.60 .02
Administrative Expense 174.00 .10 174.00 .04
ClubHouse Supplies/Refreshme 70.91 .04 70.91 .02
Answering Service 146.75 .09 283.00 .07
Telephone - Long Distance 45.60 .03 45.60 .01
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TOTAL OFFICE EXPENSES $ 1,904.95 1.14 $ 3,280.46 .84
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CORPORATE MODEL & UNITS
TOTAL CORP MDL & UNIT
POOL & TENNIS COURTS
Pool Maintenance & Supplies $ 671.41 .40 $ 1,197.45 .31
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TOTAL POOL & TENNIS $ 671.41 .40 $ 1,197.45 .31
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CURRENT YTD
ACTIVITY % NET %
--------------- ---------- --------------- ----------
ADMINISTRATIVE
Bank Fees $ 42.25 .03 $ 42.25 .01
Legal Fees 3,265.00 1.95 3,935.00 1.00
Other Professional Fees 660.00 .17
Credit/Background Checks 486.75 .29 486.75 .12
--------------- ---------- --------------- ----------
TOTAL ADMINISTRATIVE $ 3,794.00 2.27 $ 5,124.00 1.31
MARKETING & ADVERTISING
Advertising & Marketing $ (137.74) (.08)
Marketing & Advertising (507.47) (.30)
Meals & Entertainment 86.27 .05 86.27 .02
Advertising & Promotion 632.24 .38 1,432.24 .37
Locator Fees 1,144.36 .68 1,144.36 .29
--------------- ---------- --------------- ----------
TOTAL MRKT & ADVT $ 1,217.66 .73 $ 2,662.87 .68
--------------- ---------- --------------- ----------
TOTAL OPERATING EXPENSES $ 90,272.90 53.95 $ 165,958.55 42.33
--------------- ---------- --------------- ----------
NET OPERATING INCOME (NOI) $ 77,042.49 46.05 $ 226,107.65 57.67
--------------- ---------- --------------- ----------
INTEREST EXPENSE
Mortgage Interest $ 35,280.00 21.09 $ 82,320.00 21.00
--------------- ---------- --------------- ----------
TOTAL INTEREST $ 35,280.00 21.09 $ 82,320.00 21.00
AMORTIZATION & DEPR
Amortization Expense $ 2,029.35 1.21 $ 4,058.70 1.04
Depreciation Expense 83,570.70 49.95 166,961.40 42.59
--------------- ---------- --------------- ----------
TOTAL AMRTZ & DEPR $ 85,600.05 51.16 $ 171,020.10 43.62
OTHER EXPENSES
Professional Service Fees $ 265.36 .16 $ 265.36 .07
--------------- ---------- --------------- ----------
TOTAL OTHER EXPENSES $ 265.36 .16 $ 265.36 .07
--------------- ---------- --------------- ----------
TOTAL NON-OPERATING EXP $ 121,145.41 72.41 $ 253,605.46 64.68
--------------- ---------- --------------- ----------
NET INCOME (LOSS) $ (44,102.92) (26.36) $ (27,497.81) (7.01)
--------------- ---------- --------------- ----------
BC-Bainbridge Bay Pointe LLC
Income Statement Budget Comparison
For the Period Ended July 31, 2003
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CURRENT PERIOD CURRENT
ACTIVITY BUDGET VARIANCE %
INCOME
Market Rents $ 184,880.00 $ 106,210.00 $ (1,??0.00) (.71)
Vacancy Loss (17,903.50) (27,311.00) 5,327.50 (3?.15)
Rent Concessions (550.00) (16,013.00) 13,?63.00 (96.57)
Model & Employee Units (?47.00) (567.00) 220.00 (3?.?0)
Loss/Gain to Lease 17,982.00 (4,457.00) (?,525.00) 79.09
--------------- --------------- --------------- ---------------
TOTAL RENTAL INCOME $ 150,?17.30 $ 137,?62.00 $ 20,155.50 14.62
OTHER INCOME
Administrative Fee Income $ 6,300.00 $ (6,300.00) (100.00)
Other Income (7,430.65) 4.00 (7,?14.65) (196,86?.25)
Telephone Income 2?1.00 (261.00) (100.00)
Late Charge Income 5,502.00 3,000.00 2,582.00 16.07
NSF Fee Income 245.00 200.00 43.00 22.?0
Vending Income 630.56 63?.56
Application Fee Income ?73.00 1,240.00 (315.00) (30.56)
Termination Fees 6,105.00 1,930.00 4,2?3.00 217.69
Move Out Income 447.9? 4?7.90
Washer & Dryer Rental Income 1,330.00 2,000.00 (670.00) (33.50)
Laundry Token Income 2,6?5.00 1,655.00
Month to Month fees 200.00 200.00
Bad Debt (3,0?0.00) ?,090.00 (100.00)
--------------- --------------- --------------- ---------------
TOTAL OTHER INCOME 6??,797.89 $ 11,9?8.00 $ (2,507.11) (21.??)
--------------- --------------- --------------- ---------------
TOTAL REVENUE $ 167,315.39 $ 1?9,747.00 $ ??,568.30 11.73
--------------- --------------- --------------- ---------------
OPERATING EXPENSES
ON SITE STAFF
Leasing Wages $ 3,?24.33 $ 3,520.00 $ (404.?3) (11.49)
Leasing Bonuses 5,520.00 5,520.00 100.00
Maintenance Wages 7,569.70 6,??0.00 (609.70) (10.02)
Property Manager Wages 2,923.06 2,923.00 (.06)
Temporary Help - Admin 17?.30 (17?.5?)
Payroll Taxes 1,150.30 1,?69.00 610.70 34.52
Employee Benefits 1,069.71 2,8??.00 1,705.?9 62.53
Employee Uniforms 500.00 ?00.00 100.00
Employee Education 120.00 (120.00)
Unemploy Insur/Workers Comp 500.53 292.00 (20?.53) (?1.41)
Temporary Personnel ?7,416.00? 2,416.00
--------------- --------------- --------------- ---------------
TOTAL ON-SITE STAFF $ 15,028.13 $ 24,359.00 $ ?,230.?7 3?.05
UTILITIES
Electricity - Vacant Units ?,000.00 ? 000.00
Electricity - Grounds 23.3? (23.38)
Electricity-House 1,200.00 1,300.00 100.00 7.59
Gas-Facilities 300.22 400.00 19.7? 4.95
Trash Hauling 3,454.24 1,500.00 (1,956.24) (130.42)
Water & Sewer - Facilities 7,800.00 7,000.00
--------------- --------------- --------------- ---------------
TOTAL UTILITIES $ 13,639.?4 $ 11,400.00 $ (1,??9.84) (15.76)
HVAC
HVAC Repairs & Maintenance $ 2,?35.42 $ 700.00 $ (2,135.42) (305.06)
--------------- --------------- --------------- ---------------
TOTAL HVAC $ 2,?35.42 $ 700.00 $ (2,135.42) (305.06)
REPAIRS & MAINTENANCE
Pest Control $ 793.00 $ 733.00 $ (40.00) (?.30)
Lightbulbs & Ballasts 1?1.03 (161.03)
Window Replacement 227.40 (?2?.40)
Locks & Keys 540.?5 (540.?5)
Structural - Repairs & 400.00 600.00 100.00
Painting 3,835.00 2,000.00 (3,035.00) (191.7?)
Painting supplies 172.7? (172.78)
Plumbing contract 1,002.35 (1,002.35)
300.00 300.00 100.00
Plumbing Supplies 1,??0.15 2,300.00 1,31?.?5 52.7?
Structural Repairs 600.00 60?.00 100.00
Carpet Replacement ?7.92 (37.92)
General Building Supplies ?7.09 600.00 542.91 90.49
Janitorial Contract Services
Electrical Repairs 473.?6 1,000.00 52?.44 52.64
Flooring Repairs 690.?3 (690.03)
Maintenance Supplies 6?4.47 (624.47)
Maintenance Equipment 554.47 (554.47)
Equip. Service/Maintenance
Misc. Repairs & Maintenance
Appliance Repair/Replacement 123.4? 400.00 27?.50 69.15
Facilities Safety Equipment 131.36 100.00 (31.36) (31.36)
--------------- --------------- --------------- ---------------
TOTAL REPAIRS & MAIN $ 12,747.60 $ ?,8??.00 $ (3,092.6?) (43.96)
LANDSCAPE
Landscape - Contract Services $ 1,390.00 $ 2,?00.00 $ 1,?02.00 30.07
Landscape - Maintenance (?00.00) 2,300.00 3,100.00 134.78
Sprinkler Repairs (200.00) 200.00 400.00 200.00
Landscape Replacement 63.?7 (65.67)
--------------- --------------- --------------- ---------------
TOTAL LANDSCAPE $ 463.87 $ 5,300.00 $ 4,836.13 91.25
CLEANING
CLEANING $ 1,349.?5 $ (1,349.99)
Carpet Cleaning ?,748.00 (4,74?.00)
? Porter Service 358.00 (35?.?0)
YTD TTD TTD
NET BUDGET VARIANCE %
INCOME
Market Rents $ 436,807.35 $ 433,967.35 $ (1,160.00) (.2?)
Vacancy Loss (3?,2?0.58) (63,544.4?) 24,363.50 (3?.29)
Rent Concessions (4,030.50) (27,15?.00) 23,428.50 (?5.32)
Model & Employee Units (2,?63.75) (1,129.00) (1,73?.75) 153.65
Loss/Gain to Lease (14,067.44) (9,380.94) (1,686.50) ?9.96
--------------- --------------- --------------- ---------------
TOTAL RENTAL INCOME $ 376,564.60 $ 33?,353.?3 $ 40,210.75 11.9?
OTHER INCOME
Administrative Fee Income $ 10,000.00 $ (10,?00.00) (100.00)
Other Income (7,147.20) 170.43 (7,317.65) (4,293.??)
Telephone Income 261.00 (261.00) (100.00)
Late Charge Income 7,306.97 6,000.00 1,30?.9? 21.7?
NSF Fee Income 2?5.00 400.00 (155.00) (30.75)
Vending income 2,404.0? 2,404.06
Application fee Income 1,125.00 ?,160.00 (1,03?.00) (47.92)
Termination fees 6,740.00 4,445.00 2,?95.00 51.63
Move Out Income 622.73 622.?3
Washer & Dryer Rental Income 1,330.00 4,000.00 (2,670.00) (66.75)
Laundry Token Income 1,655.00 1,6??.00
Month to Month fees 1,220.00 1,220.00
Bad Debt (6,173.00) ?,17?.00 (10?.00)
--------------- --------------- --------------- ---------------
TOTAL OTHER INCOME $ 15,3?1.52 $ 22,0??.?? $ (6,561.93) (29,?4)
--------------- --------------- --------------- ---------------
TOTAL REVENUE $ 397,??6.?0 $ 358,417.36 $ 33,54?.82 9.39
--------------- --------------- --------------- ---------------
OPERATING EXPENSES
ON SITE STAFF
Leasing Wages $ 7,26?.21 $ ?,120.00 $ (2,143.21) (42.90)
Leasing Bonuses ?,270.00 ?,2?0.00 100.00
Maintenance Wages ?,746.40 13,760.00 ?,013.60 36.44
Property Manager Wages 4,384.59 7,7?6.00 3,301.41 43.54
Temporary Help - Admin 178.50 (1?0.50)
Payroll Taxes 1,762.80 3,1??.00 1,421.20 44.54
Employee Benefits 1,?69.71 5,634.00 4,56?.29 ?1.01
Employee Uniforms 300.00 1,000.00 100.00 70.00
Employee Education 120.00 (120.00)
Unemploy Insur/Workers Comp 667.76 326.00 (141.7?) (26.?5)
Temporary Personnel 5,074.03 (3,874.93)
--------------- --------------- --------------- ---------------
TOTAL ON-SITE STAFF $ 30,369.90 $ 44,2?0.00 $ 11,490.10 31.??
UTILITIES
Electricity - Vacant Units $ 1,600.00 $ 1,600.00
Electricity - Grounds 23.3? (23.30)
Electricity-House 2,500.00 2,600.00 100.00 ?.05
Facilities 761.71 600.00 38.29 4.?9
Trash Hauling 4,00?.02 3,553.50 $ (456.24) (12.?4)
Water & Sewer - Facilities 15,600.00 15,600.00
--------------- --------------- --------------- ---------------
TOTAL UTILITIES $ 24,494.?1 $ 24,153.5? $ (341.33) (1.?1)
HVAC $ 3,??0.51 $ 1,4?0.00 $ (2,190.51) (156.47)
HVAC Repairs & Maintenance --------------- --------------- --------------- ---------------
TOTAL HVAC $ 3,??0.51 $ 1,400.00 $ (2,190.51) (156.47)
REPAIRS & MAINTENANCE
list Control $ 901.45 $ 1,?1?.45 $ 715.00 4?.23
Lightbulbs & Ballasts 1??.73 (1??.75)
Window Replacement 454.00 (454.?0)
Locks & Keys 992.41 (992.41)
Roofing - Repairs & 1,200.00 1,200.00 100.00
Painting 1,030.00 4,000.00 (4,030.00) (100.75)
Painting supplies 3??.2? (?6?.28)
Plumbing contract 1,002.35 (1,002.35)
600.00 600.00 100.00
Plumbing Supplies 2,29?.77 5,000.00 2,705.22 54.10
Structural Repairs 1,200.00 1,200.00 100.00
Carpet Replacement 1,346.?? (1,346. 9)
General Building Supplies 37.09 2,200.00 1,142.91 95.24
Janitorial Contract Services 64.1? (64.1?)
Electrical Repairs 7?7.91 2,000.00 1,242.09 62.10
Flooring Repairs ???.51 (978.51)
Maintenance Supplies 1,2?3.70 (1,205.7?)
Maintenance Equipment 631.39 (631.39)
Equip Service/Maintenance 210.79 (210.79)
Misc. Repairs & Maintenance ?55.00 (?55.00)
Appliance Repair/Replacement 123.42 100.00 676.50 ?4.57
Facilities Safety Equipment 131.36 200.00 68.?4 34.3?
--------------- --------------- --------------- ---------------
TOTAL REPAIRS & MAIN $ 20,931.?1 $ 17,?16.45 $ (3,134.66) (17.59)
LANDSCAPE
Landscape - Contract Services $ 4,198.00 $ 5,?00.00 $ 1,102.00 25.04
Landscape - Maintenance (1,422.3?) 1,6??.42 3,100.00 1??.?1
Sprinkler Repairs 400.00 400.00 100.00
Landscape Replacement 65.07 (65.87)
--------------- --------------- --------------- ---------------
TOTAL LANDSCAPE $ 2,84?.29 $ 7,6??,42 $ 4,?36.13 62.??
CLEANING
CLEANING $ 1,349.99 $ (1,349.99)
Carpet Cleaning 5,143.00 (5,143.00)
? Porter Service 75?.00 (75?.??)
[Enlarge/Download Table]
Cleaning - Common Area $ 955 $ (955.00)
Cleaning Supplies 53.57 (51.57)
Cash Expense (1,300.00) ?,500.00
Cleaning - Apartment 1,910.00 700.00 (1,240.00) ????.861
--------------- --------------- --------------- ---------------
TOTAL CLEANING $ 7,945.36 $ 700.00 $ (1,245.36) (1,035.05)
BUILDING SERVICES
Cable/Music/Murzak $ 44.00 $ (44.00)
Washer & Dryer Rental Expense 1,567.?? (1,567.??)
--------------- --------------- --------------- ---------------
TOTAL BLDING SERVICES $ 1,611.64 $ (1,611.64)
SECURITY & SAFETY
Security & Safety $ 1?4.23 $ (114.23)
Monitoring Services
Security Services
--------------- --------------- --------------- ---------------
TOTAL SCRTY & SAFETY $ 1?4.23 $ (114.23)
INSURANCE & TAXES
Insurance Expense $ ?,621.00 $ 6,125.00 $ (196.00) (6.10)
Real Estate Taxes ??,516.00 15,418.00
--------------- --------------- --------------- ---------------
TOTAL INSR & TAXES $ 2?,039.00 $ 23,543.00 $ (196.00) (2.11)
FEES & DUES
Management Fees $ 4,169.51 $ ?,241.00 $ 1,071.49 20.44
--------------- --------------- --------------- ---------------
TOTAL FEES & DUES $ 4,169.51 $ ?,241.00 $ 1,071.49 20.44
OFFICE EXPENSES
Office Expenses $ 63.62 $ (83.62)
Copier Expense 2??.73 (266.73)
Office Equipment
Office Supplies 200.00 200.00
Postage 164.40 100.00 (64.40) (64.10)
Printing
Telephone (Office) 600.00 600.00 100.00
Internet Services 307.16 (307.16)
Office Utilities 29.10 (29.10)
Telephone - Dedicated Line 329.00 100.00 (229.00) (229.00)
Misc. Expenses 20.00 (20.00)
Office Expense
Mileage 67.60 (67.60) 67.60
? & Subscriptions 100.00 100.00 100.00
Administrative Expense 174.00 (174.00)
Telephone (cell/pagers) 100.00 100.00 100.00
ClubHouse Supplies/Refreshment 70.91 (70.51)
Answering Service 145.75 (146.75)
Telephone - Long Distance 45.60 (45.60)
--------------- --------------- --------------- ---------------
TOTAL OFFICE EXPENSES $ 1,904.95 $ 1,200.00 $ (704.95) (50.75)
--------------- --------------- --------------- ---------------
CORPORATE MODEL & UNITS
TOTAL CORP MDL & UNIT
POOL & TENNIS COURTS
Pool Maintenance & Supplies $ 671.41 $ 900.00 $ 22?.59 25.40
--------------- --------------- --------------- ---------------
TOTAL POOL & TENNIS $ 671.41 $ 900.00 $ 22?.59 25.40
ADMINISTRATIVE
Bank Fees $ 42.25 $ (42.25)
Legal Fees ?,265.00 900.00 (2,365.00) (162.78)
Other Professional Fees
Credit/Background Checks 486.75 441.00 (45.75) (10.27)
--------------- --------------- --------------- ---------------
TOTAL ADMIN $ 3,794.00 $ 1,341.00 $ (7,453.00) (182.92)
MARKETING & ADVERTISING
Advertising & Marketing $ (137.74) $ 137.74
Marketing & Advertising (507.47) 307.47
Brochure Printing Costs 990.00 150.00 100.00
Meals & Entertainment 45.27 (86.27)
Advertising & Promotion 632.24 400.00 16?.76 20.97
Fees 1,1??.36 1,200.00 55.64 1.61
--------------- --------------- --------------- ---------------
TOTAL MKT & ADVT $ 1,23?.60 $ 2,990.00 $ 1,772.34 39.21
--------------- --------------- --------------- ---------------
TOTAL OPERATING EXPENSES $ 90,272.90 $ 16,02?.00 $ (3,???.90) (?.?7)
--------------- --------------- --------------- ---------------
NET OPERATING INCOME (NOI) $ 77,047.4? $ 62,910.00 $ 14,124.40 22.45
--------------- --------------- --------------- ---------------
INTEREST EXPENSE
Mortgage Interest $ 35,200.00 $ (35,280.00)
--------------- --------------- --------------- ---------------
TOTAL INTEREST $ 35,200.00 $ (35,280.00)
AMORTIZATION & DEPR
Amortization Expense $ 2,025.3? $ (2,0?9.35)
Depreciation Expense 13,570.70 (83,570.70)
--------------- --------------- --------------- ---------------
TOTAL AMRTZ & DEPR $ 15,600.05 $ (85,400.05)
EXPENSE
Professional Service fees $ 26?.36 $ (265.36)
--------------- --------------- --------------- ---------------
TOTAL OTHER EXPENSE $ 26?.36 $ (265.36)
--------------- --------------- --------------- ---------------
TOTAL NON-OPERATING EXP $ 121,145.41 $ (121,145.42)
--------------- --------------- --------------- ---------------
NET INCOME (LOSS) $ (44,107.92) $ 62,910.00 $ (107,020.92) (170.10)
--------------- --------------- --------------- ---------------
Cleaning - Common Area $ 955.00 $ (955.00)
Cleaning Supplies 52.57 (53.57)
Cash Expense
Cleaning - Apartment 2,5?5.00 1,240.00 (1,305.85) (105.74)
--------------- --------------- --------------- ---------------
TOTAL CLEANING $ 10,?05.36 $ 1,240.00 $ (9,5?5.36) (771.40)
BUILDING SERVICES
Cable/Music/Murzak $ 44.00 $ (44.00)
Washer & Dryer Rental Expense (1,567.00) (1,567.44)
--------------- --------------- --------------- ---------------
TOTAL BLDING SERVICES $ (1,611.64) $ (1,611.44)
SECURITY & SAFETY
Security & Safety $ 184.23 $ (184.25)
Monitoring Services 38.00 (?8.00)
Security Services 2?.50 2?.50
--------------- --------------- --------------- ---------------
TOTAL SCRTY & SAFETY $ 269.73 $ 26.50 $ (243.23) (927.95)
INSURANCE & TAXES
Insurance Expense $ 17, 242.00 $ 16,250.00 $ (992.00) (6.10)
Real Estate Taxes 30,036.00 30,036.00
--------------- --------------- --------------- ---------------
TOTAL INSR & TAXES $ 48,078.00 $ 47,0?6.00 $ (992.00) (2.11)
FEES & DUES
Management Fees $ 10,601.12 $ 12, 576.17 $ 1,895.05 15.01
--------------- --------------- --------------- ---------------
TOTAL FEES & DUES $ 10,601.12 $ 12, 576.17 $ 1,895.05 15.01
OFFICE EXPENSES
Office Expenses $ 13.62 $ (13.67)
Copier Expense 338.11 71.30 (266.33) (373.68)
Office Equipment ???.54 (230.54)
Office Supplies 200.?0 400.00 200.00 50.00
Postage 164.00 200.00 35.60 17.00
Printing 310.18 (370.10)
Telephone (Office) 395.34 1,200.00 103.66 66.37
Internet Services 307.16 (307.18)
Office Utilities 29.10 (29.10)
Telephone - Dedicated Line 329.00 200.00 (129.02) (50.54)
Misc. Expenses 157.32 (147.32)
Office Expense 15.50 (15.50)
Mileage 67.60 (67.60)
? & Subscriptions 200.00 200.00 100.00
Administrative Expense 174.00 (174.00)
Telephone (cell/pagers) 200.00 200.00 100.00
ClubHouse Supplies/Refreshment 70.91 (70.?1)
Answering Service 283.00 (2.3?) (203.30) 11,341.00
Telephone - Long Distance 45.60 (45.60)
--------------- --------------- --------------- ---------------
TOTAL OFFICE EXPENSES $ 3,2?0.45 $ 2,468.99 $ (?11.47) (32.67)
--------------- --------------- --------------- ---------------
CORPORATE MODEL & UNITS
--------------- --------------- --------------- ---------------
TOTAL CORP mDL & UNITS
POOL & TENNIS COURTS
Pool Maintenance & Supplies $ 1,197.45 $ 1,000.00 $ 602.55 33.40
--------------- --------------- --------------- ---------------
TOTAL POOL & TENNIS $ 1,197.45 $ 1,000.00 $ 602.55 33.40
ADMINISTRATIVE
Bank Fees $ 42.23 $ (42.25)
Legal Fees 3,935.00 1,000.00 (2,135.00) (114.61)
Other Professional Fees 660.00 (660.00)
Credit/Background Checks 486.75 756.00 269.75 35.42
--------------- --------------- --------------- ---------------
TOTAL ADMIN $ 3,124.00 $ 2,336.00 $ (2,560.00) (100.47)
MARKETING & ADVERTISING
Advertising & Marketing
Marketing & Advertising
Brochure Printing Costs 1,980.00 1,980.00 100.00
Meals & Entertainment 46.27 (06.27)
Advertising & Promotion 1,432.24 1,737.74 305.50 17.51
Locator Fees 1,144.36 2,400.00 1,955.64 37.32
--------------- --------------- --------------- ---------------
TOTAL MRKT & ADVT $ 2,662.07 $ 5,117.74 $ 3,454.?7 56.47
--------------- --------------- --------------- ---------------
TOTAL OPERATING EXPENSES $ 165,950.55 $ 169,171.85 $ 3,720.30 1.90
--------------- --------------- --------------- ---------------
NET OPERATING INCOME (NOI) $ 276,107.65 $ 1?3,230.53 $ 36,?69.1? 19.48
--------------- --------------- --------------- ---------------
INTEREST EXPENSE
Mortgage Interest $ 42,320.00 $ 11,760.00 $ (70,560.00) (600.00)
--------------- --------------- --------------- ---------------
TOTAL INTEREST $ 42,320.00 $ 11,760.00 $ (70,560.00) (600.00)
AMORTIZATION & DEPR
Amortization Expense $ 4,050.70 $ (4,050.30)
Depreciation Expense 166,961.40 (156,451.40)
--------------- --------------- --------------- ---------------
TOTAL AMRTZ & DEPR $ 171,020.10 $ (171,020.10)
OTHER EXPENSE
Professional Service fees $ 265.36 $ (2?5.36)
--------------- --------------- --------------- ---------------
TOTAL OTHER EXPENSE $ 265.36 $ (265.36)
--------------- --------------- --------------- ---------------
TOTAL NON-OPERATING EXP $ 753,605.05 $ 11,760.00 $ (241,645.46) (2,056.51)
--------------- --------------- --------------- ---------------
NET INCOME (LOSS) $ (27,497.81) $ 177,478.53 $ (204,976.34) (115.49)
--------------- --------------- --------------- ---------------
1
SS RENT ROLL REPORT
005 BC-BAINBRIDGE BAY POINTE LLC 07/2003
Select: 07/31/03 BAY POINTE APARTMENTS 08/01/03
300 Apts., 291,076 Sq.Ft. 7-31-03 11:43
[Enlarge/Download Table]
ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 001 2X1 OC MR Michael Geary C 1,109 650.00 Rent 635.00 635.00 635.00 09/07/01 08/31/03 299.00 0.00
N MRS Krista Geary Total: 635.00 11 200.00
01 - 002 2X1 OC MS Vanessa R Cole C 1,109 650.00 Rent 635.00 635.00 635.00 11/01/00 10/31/03 200.00 0.00
N MR William A
Anderson Total: 635.00 12 200.00
01 - 003 2X1 NL MRS Kimberlee Jarvis N 1,109 650.00 Rent 635.00 635.00 635.00 08/01/02 07/31/03 99.00 0.00
N MR Mark Jarvis Total: 635.00 12 0.00
DEVEN JARVIS
01 - 003 2X1 NL CAMERON ROUNTREE L 1,109 650.00 273.00 02/29/04 0.00 0.00
N MITA ANTOINE 6 0.00
01 - 004 2X1 OC MR. Bajron Likaj C 1,109 650.00 Rent 645.00 645.00 645.00 05/16/03 15/31/04 500.00 0.00
N MRS. Arqilini Likaj Total: 645.00 12 0.00
Franc Likaj
01 - 005 2X1 OC MR. Cesar B Duarte C 1,109 650.00 Rent 645.00 645.00 645.00 03/14/00 03/31/04 200.00 0.00
N MRS Norma Duarte Total: 645.00 12 0.00
MR Cesar Duarte
MR Bernardo Duarte
01 - 006 2X1 OC Amy Taylor C 1,109 650.00 Rent 640.00 640.00 640.00 10/15/02 10/31/03 99.00 0.00
N Total: 640.00 12 200.00
01 - 007 2X1 OC MR Melvin C Costanza C 1,109 650.00 Rent 650.00 650.00 630.00 05/21/01 06/30/03 99.00 -645.00
N MR Deniz N Castillo Total: 650.00 13 0.00
01 - 008 2X1 OC MR Curtis Shipman C 1,109 650.00 Rent 645.00 645.00 645.00 02/27/03 02/29/04 399.00 937.00
N MS Michelle Shipman Total: 645.00 12 0.00
Kameron Maseley
01 - 009 2X1 OC MR Joe Shin C 1,109 650.00 Rent 635.00 635.00 635.00 08/20/02 07/31/03 99.00 0.00
N MRS Kyung Shin Total: 635.00 11 0.00
01 - 010 2X1 NL MS Rasheeda N Thomas N 1,109 650.00 Rent 630.00 630.00 630.00 05/24/02 06/30/03 630.00 1,625.00
N MR Dana Devoe Total: 630.00 13 0.00
01 - 010 2X1 NL DAMIR MIYAKOVIC L 1,109 650.00 0.00 0.00
N ALAN ARAPOVIC 12 0.00
01 - 011 2X1 OC MRS CARLI DONNAL C 1,109 650.00 Rent 640.00 640.00 640.00 02/07/02 01/31/04 625.00 45.00
N MR MICHAEL DONNAL w/d 45.00 12 0.00
Total: 685.00
01 - 012 2X1 OC MR Will Watts III C 1,109 650.00 Rent 635.00 635.00 635.00 08/30/02 08/31/03 99.00 0.00
N MR Will J Watts Total: 635.00 12 0.00
2
[Enlarge/Download Table]
ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 013 2X1 OC Mr Douglas Olmstead C 1,109 650.00 Rent 572.00 572.00 508.00 01/27/95 08/31/03 99.00 0.00
N Ms. Virginia con -64.00 12 47.50
Olmstead Total: 508.00
01 - 014 2X1 OC MR Joaquim Nunes C 1,109 650.00 Rent 650.00 650.00 440.00 05/19/03 05/31/04 99.00 0.00
N Total: 650.00 12 0.00
01 - 015 2X1 OC MS Tameka Dixon C 1,109 650.00 Rent 635.00 635.00 635.00 10/24/01 10/31/03 99.00 706.00
N MR Airin Dixon Total: 635.00 12 0.00
MISS Soraya Perez
01 - 016 2X1 OC MR Brandon Stockton P 1,109 650.00 03/13/03 03/31/04 0.00 1,972.00
N 05/30/03 12 0.00
01 - 016 2X1 OC Tracey Bechtel C 1,109 650.00 Rent 650.00 650.00 294.00 07/25/03 02/29/04 99.00 0.00
N So Kargbo Soondu con -650.00 7 0.00
Total: 0.00
01 - 017 1X1 OC MR. Gregory Howell C 765 560.00 Rent 560.00 560.00 560.00 05/16/03 05/31/04 99.00 0.00
N Total: 560.00 12 0.00
01 - 018 1X1 OC Kirk Gordon C 765 560.00 Rent 545.00 545.00 545.00 06/25/02 07/31/03 99.00 0.00
N Total: 545.00 13 0.00
01 - 019 1X1 NA Tracy L Babich N 765 560.00 Rent 545.00 545.00 545.00 06/28/02 07/31/03 545.00 0.00
N Total: 545.00 13 200.00
01 - 020 1X1 OC MS Barbara Saunders C 765 560.00 Rent 555.00 555.00 555.00 03/24/02 03/31/04 100.00 0.00
N Total: 555.00 12 0.00
01 - 021 1X1 OC MS Elba C 765 560.00 Rent 490.50 490.50 436.00 12/22/01 12/31/03 99.00 0.00
N Rosario con -54.50 12 0.00
Total: 436.00
01 - 022 1X1 OC MR. PETER M Riordan C 765 560.00 Rent 560.00 560.00 560.00 04/26/03 04/30/04 99.00 0.00
N MRS Jennifer L
Riordan Total: 560.00 12 0.00
01 - 023 1X1 OC Mrs Pamela Koller C 765 560.00 Rent 550.00 550.00 550.00 11/25/02 11/30/03 550.00 0.00
N w/d 45.00 12 200.00
Total: 595.00
01 - 024 1X1 NA MS. Cathy Carrier N 765 560.00 Rent 555.00 555.00 555.00 03/15/03 03/31/04 99.00 0.00
N Total: 555.00 12 0.00
01 - 025 2X1 OC Desiree Cox C 1,109 650.00 Rent 650.00 650.00 232.00 06/21/03 05/31/04 99.00 0.00
N Rodney Cox con 650.00 11 0.00
Desmond Lee Total: 1,300.00
Samara Shields
01 - 026 2X1 OC MS Raquel Hernandez C 1,109 650.00 Rent 645.00 645.00 645.00 06/23/01 04/30/04 99.00 0.00
N MR Ronald W Carney Total: 645.00 10 0.00
3
[Enlarge/Download Table]
ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 027 2X1 OC MS AISHA CURRY C 1,109 650.00 Rent 625.00 625.00 625.00 07/01/00 06/30/04 100.00 0.00
N mtm 62.00 12 0.00
Total: 687.00
01 - 028 2X1 OC John Odom P 1,109 650.00 287.00 08/13/02 18/31/03 0.00 287.00
O Michael Hillery 07/14/03 12 0.00
Akeyana Hillery
Milyscent
01 - 028 2X1 OC Michael Johnson C 1,109 650.00 Rent 650.00 650.00 42.00 07/30/03 12/31/03 0.00 -325.00
O Darius Jones Total: 650.00 5 0.00
01 - 029 2X1 OC MR Phillip Cupples C 1,109 650.00 Rent 650.00 650.00 650.00 05/02/03 04/30/04 150.00 0.00
N Total: 650.00 12 0.00
01 - 030 2X1 OC MS Nineta Gjergji C 1,109 650.00 Rent 650.00 650.00 650.00 01/16/02 01/31/03 200.00 0.00
N Mr Pjeter Gjergji mtm 100.00 0 0.00
MR Leonard Gjergji Total: 750.00
Andorelo Gjergji
01 - 031 2X1 OC Danuy Banks C 1,109 650.00 Rent 635.00 635.00 635.00 09/09/02 08/31/03 399.00 0.00
N Nicole Banks Total: 635.00 12 0.00
Yvette Jones
01 - 032 2X1 OC MS LAURA H BALDIVINO C 1,109 650.00 Rent 640.00 640.00 640.00 07/20/97 12/31/03 200.00 0.00
N MR Frank Baldivino Total: 640.00 12 150.00
01 - 033 1X1 OC MR John Kitchens C 765 560.00 Rent 560.00 560.00 560.00 04/30/03 04/30/04 0.00 0.00
N Total: 560.00 12 0.00
01 - 034 1X1 OC MR Jan Spurrier C 765 560.00 Rent 540.00 540.00 540.00 07/12/01 07/31/03 99.00 0.00
N Total: 540.00 12 0.00
01 - 035 1X1 OC MS. Terrianna
Wilcher C 765 560.00 Rent 560.00 560.00 560.00 06/01/03 05/31/04 0.00 645.00
N Terrionna Wilcher Total: 560.00 12 0.00
01 - 036 1X1 OC MS. Christine P
Soderman C 765 560.00 Rent 555.00 555.00 555.00 02/28/03 02/29/04 399.00 0.00
N MR. Michael Anderson Total: 555.00 12 0.00
01 - 037 1X1 OC MR Charles T Feustel C 765 560.00 Rent 486.00 486.00 456.00 06/29/98 06/30/03 200.00 0.00
N MS. Marion Feustel con -54.00 12 0.00
Total: 432.00
01 - 038 1X1 OC Mr Klingebiel Ryan C 765 560.00 Rent 545.00 545.00 545.00 10/01/02 09/30/03 399.00 0.00
N Total: 545.00 12 0.00
01 - 039 1X1 OC MRS Shirlene Manning C 765 560.00 Rent 550.00 550.00 540.00 08/02/00 02/28/04 300.00 0.00
N MR Steve Toussaint Total: 550.00 8 0.00
4
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/1 DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 040 1X1 OC MS Pilar L Colqui C 765 560.00 Rent 555.00 555.00 555.00 01/08/99 02/29/04 200.00 0.00
N Total: 555.00 12 150.00
01 - 041 2X1 OC Bruce Budreau C 1,109 650.00 Rent 640.00 640.00 650.00 07/01/02 04/30/04 99.00 0.00
N Alexander Budreau Total: 640.00 10 0.00
01 - 042 2X1 OC MR Leonard Shllaku C 1,109 650.00 Rent 635.00 635.00 635.00 09/01/01 08/31/03 99.00 0.00
N MS MAJLINDA CORRI Total: 635.00 12 0.00
01 - 043 2X1 OC Mr. Hassan C 1,109 650.00 Rent 625.00 625.00 625.00 12/20/96 05/31/03 150.00 0.00
N Abdulkarim Total: 625.00 12 0.00
01 - 044 2X1 OC Mr. Willie Dixon C 1,109 650.00 Rent 576.00 576.00 512.00 02/08/97 11/30/03 99.00 0.00
N MR WILLIE A con -64.00 11 0.00
DIXON, JR Total: 512.00
01 - 045 2X1 OC MR ERVIN L HENLEY C 1,109 650.00 Rent 645.00 645.00 645.00 08/18/98 02/28/04 200.00 0.00
N MS JOCELINE REYNOLDS Total: 645.00 12 0.00
MR JAMAAL REYNOLDS
01 - 046 2X1 OC MRS Dara Cardona C 1,109 650.00 Rent 640.00 640.00 640.00 11/05/02 10/31/03 99.00 0.00
N MASTR Joseph Orengo Total: 640.00 12 0.00
01 - 047 2X1 OC Bobby Seak C 1,109 650.00 Rent 650.00 650.00 419.00 07/12/03 02/29/04 99.00 -398.00
N Mrs. Sokratana Seak con -650.00 8 0.00
Sophane Seak Total: 0.00
Sonita Seak
01 - 048 2X1 OC MS JANET COLLINS C 1,109 650.00 Rent 640.00 640.00 640.00 11/16/02 10/31/03 99.00 0.00
N NATHANIEL PARRISH Total: 640.00 12 0.00
01 - 049 2X1 OC MR Jeremy Ma ffey C 1,109 650.00 Rent 650.00 650.00 650.00 04/15/03 03/31/04 650.00 297.00
N MR Jerrod Me ffey Total: 650.00 12 0.00
MS Ingrid Vargas
01 - 050 2X1 OC MS. Michelle Futch C 1,109 650.00 Rent 645.00 645.00 645.00 02/08/03 01/31/04 99.00 0.00
N Vollie Futch Total: 645.00 12 0.00
01 - 051 2X1 OC Jacy Yanez C 1,109 650.00 Rent 650.00 650.00 0.00 07/03/03 02/29/04 99.00 -42.00
N Jodie Yanez con 650.00 8 0.00
Total: 1,300.00
01 - 052 2X1 OC MS Josephine Cole C 1,109 650.00 Rent 650.00 650.00 650.00 04/15/02 03/31/03 99.00 992.00
N MS MARGARET COLE mtm 100.00 0 0.00
MISS Jessica Meetze Total: 750.00
01 - 053 2X1 OC MR. Franklyn Godwin C 1,109 650.00 Rent 650.00 650.00 582.00 05/10/03 05/31/04 99.00 0.00
N MS. Shauna Pabon Total: 650.00 12 0.00
5
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 054 2X1 OC MR Osbell M Martinez C 1,109 650.00 Rent 645.00 645.00 645.00 0?/05/03 01/31/04 399.00 5.00
N MR TIFILO BRAVO Total: 645.00 12 0.00
MR ROBERTO S FAUSEBA
01 - 055 2X1 NA MS MELISSA D
LUDINGTON N 1,109 650.00 Rent 635.00 635.00 635.00 11/01/01 10/?1/03 99.00 0.00
N MS BONNIE G HARNEY Total: 635.00 12 0.00
01 - 056 2X1 OC Ms Suzanne M Trimble P 1,109 650.00 11/01/02 10/31/03 0.00 241.00
N 06/21/03 12 0.00
01 - 056 2X1 OC MR Brian Holmes C 1,109 650.00 Rent 650.00 650.00 252.00 07/26/03 02/29/04 545.00 86.00
N MR NATHAN RAINER con -650.00 6 0.00
Total: 0.00
01 - 057 1X1 OC MR CARLOS M LIMARDO C 765 560.00 Rent 499.00 499.00 443.00 04/02/01 03/31/04 99.00 0.00
N MRS ANNA LIMARDO con -56.00 12 200.00
Total: 443.00
01 - 058 1X1 OC MS Melanie Yelity C 765 560.00 Rent 555.00 555.00 555.00 03/03/03 03/31/04 99.00 0.00
N Total: 555.00 12 0.00
01 - 059 1X1 NA MR James Stanley N 765 560.00 Rent 545.00 545.00 545.00 06/22/02 07/31/03 99.00 0.00
N Total: 545.00 13 0.00
01 - 060 1X1 OC MR SUBRAMANIAN C 765 560.00 Rent 555.00 555.00 555.00 03/04/03 03/31/04 99.00 0.00
N RENGAKRISHNAN Total: 555.00 12 0.00
01 - 061 1X1P OC Mrs Sallie James C 765 600.00 Rent 565.00 565.00 565.00 08/15/01 07/31/03 99.00 0.00
N MR Nathan L James Total: 565.00 12 0.00
01 - 062 1X1P OC TINA REDDY C 765 600.00 Rent 513.00 513.00 456.00 01/08/03 12/31/03 99.00 -571.00
N con 57.00 12 0.00
Total: 570.00
01 - 064 1X1P OC MS NEKA N ADAMS C 765 600.00 Rent 585.00 585.00 585.00 03/12/99 09/30/03 200.00 0.00
N Total: 585.00 12 0.00
01 - 065 2X1 OC MS. JAMIE B THOMAS C 1,109 650.00 Rent 635.00 635.00 635.00 07/31/99 02/29/04 99.00 1,828.00
N MASTR JUSTIN THOMAS 100.00 12 100.00
Total: 735.00
01 - 066 2X1 OC MR. Tobias Sager C 1,109 650.00 Rent 640.00 640.00 640.00 02/08/03 01/31/04 399.00 0.00
N MRS. Taleta Sager Total: 640.00 12 0.00
01 - 067 2X1 OC Fermin Lo as C 1,109 650.00 Rent 650.00 650.00 609.00 07/18/03 02/29/04 650.00 0.00
N con -650.00 7 0.00
Total: 0.00
01 - 068 2X1 OC MS Michele Edwards C 1,109 670.00 Rent 690.00 690.00 690.00 05/02/03 04/30/04 99.00 0.00
N Total: 690.00 12 0.00
6
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 069 2X1 OC Mr Steven Walter C 1,109 650.00 Rent 610.00 610.00 610.00 09/29/95 12/31/03 99.00 0.00
N MRS ELIZABETH WALTER Total: 610.00 12 0.00
MASTR BRENDON WALTER
MASTR ZACHARY WALTER
01 - 070 2X1 VL KRISTY QUADROZZI L 1,109 650.00 99.00 0.00
N 12 0.00
01 - 070 2X1 VL VACANCY 1,109 650.00 650.00
N
01 - 071 2X1 OC JOSE RODRIGUEZ C 1,109 670.00 Rent 650.00 650.00 566.00 07/07/03 04/30/04 99.00 -84.00
N MARIA RODRIGUEZ con -650.00 10 0.00
Total: 0.00
01 - 072 2X1 OC MR Ricardo Acosta C 1,109 650.00 Rent 640.00 640.00 666.00 10/02/02 09/?0/03 640.00 0.00
N MRS Cathy Markfo t Total: 640.00 12 0.00
01 - 073 1X1 OC MR Henry Dewitt P 765 560.00 04/28/02 05/31/03 0.00 42.50
N 05/31/03 13 0.00
01 - 073 1X1 OC JAMES DAHL C 765 560.00 Rent 560.00 560.00 290.00 07/24/03 04/30/04 99.00 0.00
N con -560.00 9 0.00
Total: 0.00
01 - 074 1X1 OC MS Ashley Harris C 765 560.00 Rent 560.00 560.00 550.00 05/16/03 05/31/04 100.00 0.00
N MR William Harris Total: 560.00 12 0.00
01 - 075 1X1 OC MR Chester Meghee C 765 560.00 Rent 550.00 550.00 550.00 06/15/01 06/30/03 99.00 0.00
N Total: 550.00 12 0.00
01 - 076 1X1 OC MR Willie Session C 765 560.00 Rent 545.00 545.00 545.00 09/07/00 08/31/03 100.00 3.00
N MRS Cathlyn Session Total: 545.00 12 0.00
01 - 077 1X1 OC MS Vanessa R Reddy C 765 560.00 Rent 555.00 555.00 555.00 02/13/03 01/31/04 399.00 0.00
N Total: 555.00 12 0.00
01 - 078 1X1 OC MR Hayden C
Mepherson C 765 560.00 Rent 540.00 540.00 540.00 08/28/99 08/31/03 99.00 0.00
N Total: 540.00 12 0.00
01 - 079 1X1 OC MR Anthony Jackson C 765 560.00 Rent 550.00 550.00 550.00 10/05/02 09/30/03 99.00 0.00
N Total: 550.00 12 0.00
01 - 080 1X1 OC MRS Shakila
Nayimi-Memic C 765 560.00 Rent 545.00 545.00 545.00 05/02/01 01/31/04 99.00 0.00
N MR Fadil Memic Total: 545.00 12 0.00
01 - 081 2X1 OC MS Lina Jalouk C 1,109 650.00 Rent 645.00 645.00 645.00 03/29/03 03/31/04 99.00 120.00
N MS Mery Farah w/d 40.00 12 0.00
MS Raooa Farah Total: 685.00
MS Joyce Bishara
(CO-SIGNER)
7
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 082 2X1 NL MS Henrieka P Moore N 1,109 650.00 Rent 635.00 635.00 635.00 06/22/01 07/01/03 300.00 0.00
N Total: 635.00 12 0.00
01 - 082 2X1 NL Marvin Whitfield L 1,109 650.00 99.00 0.00
N Elsic Whitfeild 6 0.00
01 - 083 2X1 OC Donna Patel C 1,109 650.00 Rent 650.00 650.00 0.00 07/05/03 04/30/04 325.00 0.00
N Quavades Bridges Total: 650.00 9 0.00
01 - 084 2X1 OC MS Elizabeth Hacker C 1,109 650.00 Rent 650.00 650.00 650.00 05/16/03 05/31/04 99.00 0.00
E MR Matthew Hacker w/d 45.00 12 200.00
Total: 695.00
01 - 085 2X1 OC MR Allen L Perry P 1,109 650.00 02/28/03 02/29/04 0.00 1,920.00
N MS Amanda L Perry 05/30/03 12 0.00
Claudia Perry
01 - 085 2X1 OC EBONY BOGINS C 1,109 650.00 Rent 650.00 650.00 567.00 07/19/03 02/29/04 100.00 0.00
N Gary Youmans con -650.00 7 0.00
Jaquan Lawrence Total: 0.00
Shaquan Lawrence
Rhiana Youm s
01 - 086 2X1 OC Chrissy Colon C 1,109 650.00 Rent 650.00 520.00 260.00 07/01/03 12/31/03 0.00 0.00
E Mariah Godwin emp -130.00* 7 0.00
Total: 520.00
01 - 087 2X1 OC MRS KRISTA EAGERTON C 1,109 650.00 Rent 640.00 640.00 640.00 11/16/02 10/31/03 99.00 0.00
N JASEN L EAGERTON Total: 640.00 12 0.00
01 - 088 2X1 OC Amanda Beck C 1,109 650.00 Rent 650.00 650.00 411.00 07/23/03 01/31/04 99.00 0.00
N Joshua Kloepper con -650.00 6 0.00
Aaron Mitzan con -32.00
Total: -32.00
01 - 089 2X1 OC MRS. Barbara
Christopher C 1,109 650.00 Rent 650.00 650.00 650.00 05/23/03 05/31/04 99.00 0.00
N MR Robert
Christopher Total: 650.00 12 0.00
01 - 090 2X1 OC MR Sebastain Paiva C 1,109 650.00 Rent 630.00 630.00 630.00 06/04/02 06/30/03 630.00 0.00
N MR GERALDO VENTURA Total: 630.00 12 0.00
01 - 092 2X1 OC Anesti Kosho C 1,109 650.00 Rent 650.00 650.00 1,048.00 07/07/03 05/31/04 99.00 0.00
N Lili Zhapa con -650.00 11 0.00
01 - 093 2X1 OC MR BRADLEY F SHIER C 1,109 650.00 Total: 0.00
N MRS Alissa K Rent 635.00 635.00 635.00 06/01/00 07/31/03 300.00 0.00
Vanoc ten Total: 635.00 12 0.00
8
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 094 2X1 OC MS CLARTRICIA
COOPER C 1,109 650.00 Rent 640.00 640.00 640.00 02/01/02 01/31/04 625.00 0.00
N MS PATRICIA GILBERT Total: 640.00 12 0.00
01 - 095 2X1 OC MR Juan TORRES C 1,109 650.00 Rent 640.00 640.00 640.00 02/19/00 01/31/04 200.00 0.00
N JOANNA TORRES mtm 100.00 12 0.00
PETER TORRES Total: 740.00
01 - 096 2X1 OC MS. Samantha Pereira C 1,109 650.00 Rent 650.00 650.00 650.00 05/01/03 04/30/04 200.00 0.00
N MS. Britteny Deck Total: 650.00 12 0.00
01 - 097 1X1 OC MR George L Martinez C 765 560.00 Rent 545.00 545.00 545.00 12/01/00 11/30/03 99.00 0.00
N Total: 545.00 12 0.00
01 - 098 1X1 OC MS TOMOSA L LONGORIA C 765 560.00 Rent 545.00 545.00 545.00 07/19/02 07/31/03 545.00 0.00
N MR Margarito Urbano Total: 545.00 12 0.00
01 - 099 1X1 OC MR CHARLES W MANN C 765 560.00 Rent 555.00 555.00 555.00 03/10/01 02/29/04 0.00 0.00
N mtm 100.00 12 0.00
Total: 655.00
01 - 100 1X1 NA MR Roman Ramirez N 765 560.00 Rent 540.00 540.00 541.00 07/20/01 07/31/03 399.00 0.00
N MR Emilio Mejia Total: 540.00 12 0.00
01 - 101 1X1 VA MS Stacey Donnelly P 765 560.00 545.00 07/26/02 07/31/03 0.00 68.00
N 07/16/03 12 0.00
01 - 101 1X1 VA VACANCY 765 560.00 560.00
N
01 - 102 1X1 OC MR Tyree Lyons C 765 560.00 Rent 560.00 560.00 560.00 05/24/03 05/31/04 100.00 993.00
N Tyree Lyons con 30.00 12 0.00
Total: 590.00
01 - 103 1X1 OC Mr Raymond Clary C 765 560.00 Rent 560.00 560.00 545.00 07/10/93 04/30/03 99.00 0.00
N mtm 100.00 0 0.00
Total: 660.00
01 - 104 1X1 OC MR Andrew Bobretsou C 765 560.00 Rent 560.00 560.00 560.00 04/06/03 04/30/04 99.00 0.00
N Total: 560.00 12 0.00
01 - 105 2X1 OC MR Andrew Guthrie C 1,109 650.00 Rent 635.00 635.00 635.00 07/30/01 07/31/03 99.00 0.00
N MRS Heather Barnes Total: 635.00 12 0.00
01 - 106 2X1 NA MS Pamela Walker N 1,109 650.00 Rent 635.00 635.00 635.00 06/15/01 07/31/03 0.00 0.00
N MR Travis Wilbanks Total: 635.00 07/31/03 13 0.00
01 - 107 2X1 OC MR Marty L Durrence C 1,109 650.00 Rent 630.00 630.00 630.00 06/22/02 02/29/04 99.00 0.00
N MISS Savannah
Durrence Total: 630.00 7 0.00
9
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 108 2X1 VL JENNIFER HAGELGANS L 1,109 650.00 63.00 0.00 0.00
N SHELLEY RILEY 12 0.00
BRYANNA J MCDONALD
01 - 108 2X1 VL VACANCY 1,109 650.00 650.00
N
01 - 109 2X1 NA MR Robert W RISCH N 1,109 650.00 Rent 635.00 635.00 635.00 08/15/01 07/31/03 99.00 0.00
N MR Philip M
Froesc le Total: 635.00 12 0.00
01 - 110 2X1 OC MR PAULO AQUIRO C 1,109 650.00 Rent 645.00 645.00 645.00 03/04/03 03/31/04 99.00 -495.00
N Total: 645.00 12 0.00
01 - 111 2X1 OC MS Teddy Suarez C 1,109 650.00 Rent 650.00 650.00 645.00 02/07/03 03/31/03 99.00 0.00
N MR NICHOLAS TIRRI mtm 100.00 0 0.00
MR JEREME SUAREZ Total: 750.00
MISS DESTYNEE TIRRI
01 - 112 2X1 OC MR HASAN KALATSI C 1,109 650.00 Rent 580.00 580.00 515.00 01/14/03 12/31/03 399.00 0.00
N MRS MERITA KALATSI con -65.00 12 0.00
Total: 515.00
01 - 113 1X1 VA VACANCY 765 560.00 560.00
N
01 - 114 1X1 OC MR Richard White C 765 560.00 Rent 560.00 560.00 560.00 05/09/03 05/31/04 399.00 0.00
N Total: 560.00 12 0.00
01 - 115 1X1 VA VACANCY 765 560.00 560.00
N
01 - 116 1X1 NA MR JOHN A TENNANT N 765 560.00 Rent 540.00 540.00 540.00 07/03/01 06/30/03 99.00 569.00
N Total: 540.00 12 0.00
01 - 117 1X1 VA VACANCY 765 560.00 560.00
N
01 - 118 1X1 OC Marcus Mills C 765 560.00 Rent 560.00 560.00 0.00 06/18/03 05/31/04 0.00 0.00
N con 560.00 11 0.00
w/d 45.00
Total: 1,165.00
01 - 119 1X1 OC SHERSCHACK HALL C 765 560.00 Rent 560.00 560.00 560.00 06/01/03 05/31/04 99.00 0.00
N Total: 560.00 12 0.00
01 - 120 1X1 OC MR Robert Sing C 765 560.00 Rent 550.00 550.00 550.00 09/28/02 09/30/03 99.00 0.00
N Total: 550.00 12 0.00
01 - 121 2X1 OC MRS Regina Sterling C 1,109 650.00 Rent 640.00 640.00 640.00 12/05/97 11/30/03 565.00 0.00
N MR Kyle Barkley Total: 640.00 12 0.00
10
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 122 2X1 OC MR. DARRIEN SUFFERN C 1,109 650.00 Rent 650.00 650.00 650.00 05/09/03 05/31/04 267.00 0.00
N Total: 650.00 12 0.00
01 - 123 2X1 OC MR. Phillip E Spicer C 1,109 650.00 Rent 625.00 625.00 625.00 06/08/95 03/31/04 200.00 0.00
N Total: 625.00 10 150.00
01 - 124 2X1 OC Mr. James G Coleman C 1,109 650.00 Rent 600.00 600.00 650.00 12/07/90 06/30/03 150.00 130.00
N Total: 600.00 12 0.00
01 - 125 2X1 OC MRS Brenda Taylor C 1,109 650.00 Rent 635.00 635.00 635.00 09/19/02 09/30/03 99.00 0.00
N Schawang Taylor Total: 635.00 12 0.00
01 - 126 2X1 OC MR Joao Rodrigues C 1,109 650.00 Rent 650.00 650.00 650.00 05/31/03 05/31/04 99.00 0.00
N MR. Francisco Sousa Total: 650.00 12 0.00
MR. Sidney Garcia
01 - 127 2X1 OC MRS Mary Mcneil C 1,109 650.00 Rent 571.50 571.50 508.00 08/01/02 07/31/03 99.00 0.00
N MRS Turneka Mcneil con -63.50 12 0.00
Total: 508.00
01 - 128 2X1 VA MRS Brandie Kenny P 1,109 650.00 09/07/01 08/31/03 0.00 921.00
N MR Skyler Kenny 06/23/03 12 0.00
MISS Haley Kenny
01 - 128 2X1 VA VACANCY 1,109 650.00 650.00
N
01 - 129 2X1 OC MS Teri L Peltz C 1,109 650.00 Rent 635.00 635.00 635.00 09/01/01 08/31/03 399.00 0.00
N Total: 635.00 12 200.00
01 - 130 2X1 VL MR Joao Neto P 1,109 650.00 645.00 02/22/03 02/28/04 0.00 645.00
E MRS. Celi Pereira 07/05/03 12 0.00
Pedro Silva
Joao Silva
01 - 130 2X1 VL Willie Williams L 1,109 650.00 12/31/03 0.00 0.00
E 5 0.00
01 - 130 2X1 VL NON-REV EMPLOYE 1,109 650.00 650.00
E
01 - 131 2X1 OC MS. Linda Wood C 1,109 650.00 Rent 645.00 645.00 645.00 02/21/03 01/31/04 99.00 0.00
N Total: 645.00 11 0.00
01 - 132 2X1 OC MRS Carrie M Flake C 1,109 650.00 Rent 635.00 635.00 635.00 09/01/00 08/31/03 300.00 0.00
N Total: 635.00 12 200.00
01 - 133 2X1 OC JACQUELINE JACKSON C 1,109 650.00 Rent 650.00 650.00 650.00 04/22/03 04/30/04 399.00 915.00
N Total: 650.00 12 0.00
11
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 134 2X1 OC MR Timothy Swint C 1,109 650.00 Rent 630.00 630.00 654.00 06/07/02 06/30/03 399.00 0.00
N MS LaQuanna Williams Total: 630.00 12 0.00
MR K Burrell
MISS Tiana Swint
01 - 135 2X1 VL Esilitn Baucham L 1,109 650.00 -126.00 08/01/03 02/29/04 99.00 0.00
N Kevin Roundtree 7 0.00
01 - 135 2X1 VL VACANCY 1,109 650.00 650.00
N
01 - 136 2X1 OC PATTABIRAMAN C 1,109 650.00 Rent 640.00 640.00 640.00 12/18/02 12/31/03 99.00 0.00
N KARTHIKEYAN Total: 640.00 12 0.00
SUBBULAKSAMI
KARTHIKEYAN
SRIVIDYA KARTHIKEYAN
01 - 137 1X1 OC MR. William H Evans C 765 560.00 Rent 555.00 555.00 555.00 02/01/03 01/31/04 555.00 0.00
N Total: 555.00 12 0.00
01 - 138 1X1 OC MS Valentina Cuko C 765 560.00 Rent 545.00 545.00 545.00 11/07/01 10/31/03 924.00 0.00
N Total: 545.00 12 0.00
01 - 139 1X1 OC MR Jason M Scott C 765 560.00 Rent 540.00 540.00 540.00 08/11/01 07/31/03 399.00 0.00
N MRS Beverly Scott Total: 540.00 12 200.00
01 - 140 1X1 OC MR. RICHARD W
N Caldwell C 765 560.00 Rent 545.00 545.00 545.00 01/31/00 01/31/04 99.00 0.00
Total: 545.00 12 0.00
01 - 141 1X1 OC GERARDO BAUTISTA C 765 560.00 Rent 560.00 560.00 0.00 07/21/03 02/29/04 560.00 -199.00
N con -560.00 7 0.00
Total: 0.00
01 - 142 1X1 OC MR David E Nash C 765 560.00 Rent 545.00 545.00 545.00 12/12/00 11/30/03 99.00 0.00
N Total: 545.00 12 0.00
01 - 143 1X1 OC MS Sheila A Leawis C 765 560.00 Rent 555.00 555.00 555.00 02/01/03 01/31/04 399.00 0.00
N Total: 555.00 12 0.00
01 - 144 1X1 VA VACANCY C 765 560.00 560.00
N
01 - 145 2X1 OC LORELL PUGH C 1,109 650.00 Rent 480.00 640.00 640.00 11/29/02 12/31/03 640.00 0.00
E JEROME HEATH emp 160.00* 9 0.00
EN-VOGUE PUGH Total: 640.00
01 - 146 2X1 OC MR Paul Stewart C 1,109 650.00 Rent 650.00 650.00 650.00 04/25/03 04/30/04 650.00 632.00
N Total: 650.00 12 0.00
12
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 147 2X1P NA Ms Heather Venero N 1,109 690.00 Rent 670.00 670.00 670.00 06/23/02 07/31/03 0.00 0.00
N Ms Sabrina L Rutland Total: 670.00 07/31/03 13 0.00
Miss Alina Venero
01 - 148 2X1P OC MS Jane Schayes C 1,109 690.00 Rent 645.00 645.00 645.00 02/17/03 02/29/04 99.00 45.00
N w/d 45.00 12 0.00
Total: 690.00
01 - 149 2X1P VL Fannie Watson L 1,109 690.00 01/31/04 99.00 0.00
N Ronald Grant 6 0.00
01 - 149 2X1P VL VACANCY 1,109 690.00 690.00
N
01 - 150 2X1P OC MISS Rhonda Keegan C 1,109 690.00 Rent 650.00 650.00 813.75 05/16/03 12/13/03 555.00 0.00
N MS CHRISTINA COLON Total: 650.00 8 0.00
01 - 151 2X1 OC Tobin Drosier C 1,109 650.00 Rent 630.00 630.00 630.00 06/18/02 07/31/03 99.00 0.00
N Total: 630.00 13 200.00
01 - 152 2X1 OC MR Joseph C Gray C 1,109 650.00 Rent 630.00 630.00 660.00 06/01/01 05/31/04 99.00 0.00
N Total: 630.00 12 0.00
01 - 153 1X1 OC MR. ROBERT WOOD C 765 560.00 Rent 545.00 545.00 545.00 12/01/01 11/30/03 100.00 0.00
N Total: 545.00 12 0.00
01 - 154 1X1 OC MR John I Lee C 765 560.00 Rent 550.00 550.00 550.00 01/04/03 12/31/03 399.00 82.00
N Total: 550.00 12 0.00
01 - 155 1X1 NA MR. Matthew Kreger N 765 560.00 Rent 545.00 545.00 545.00 07/19/02 07/31/03 399.00 0.00
N Total: 545.00 12 0.00
01 - 156 1X1 OC MR Nrusimhadevn
Murthy C 765 560.00 Rent 555.00 555.00 555.00 05/31/03 05/31/04 99.00 0.00
N MS Manikanda Aparna Total: 555.00 12 0.00
01 - 157 1X1 VA VACANCY 765 560.00 560.00
N
01 - 158 1X1 OC MR Kyle C Palmer C 765 560.00 Rent 555.00 555.00 555.00 03/01/03 02/29/04 99.00 -5.00
N Total: 555.00 12 0.00
01 - 159 1X1 OC MS GLENDA WASHINGTON C 765 560.00 Rent 550.00 550.00 550.00 12/14/02 11/30/03 99.00 0.00
N MR KENNETH L PAYNE Total: 550.00 12 0.00
01 - 160 1X1 OC Mr. John O S C 765 560.00 Rent 550.00 550.00 550.00 07/13/01 03/31/04 99.00 0.00
N Total: 550.00 10 0.00
01 - 161 2X1 OC MR Carlos E Lopez C 1,109 650.00 Rent 650.00 650.00 630.00 01/05/01 07/31/03 99.00 0.00
N MR Orlando R Lopez Total: 650.00 12 0.00
MR Francisco Lopez
01 - 162 2X1 OC MS. Phyllis Rogers C 1,109 650.00 Rent 645.00 645.00 645.00 03/12/03 03/31/04 99.00 0.00
N Terence Bacon Total: 645.00 12 0.00
13
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 163 2X1 OC MR NELSON HERRERA C 1,109 650.00 Rent 650.00 650.00 635.00 04/10/01 07/31/03 99.00 0.00
N MR SANTOS CASTILLO Total: 650.00 12 0.00
VILLADORO
01 - 164 2X1 OC Ashley Cho e C 1,109 650.00 Rent 635.00 635.00 635.00 08/30/02 08/31/03 635.00 0.00
N Nathan Ponchot Total: 635.00 12 0.00
01 - 165 2X1 OC MR Michael
Hershberger P 1,109 650.00 640.00 10/28/02 10/31/03 0.00 1,626.00
N 07/05/03 12 0.00
01 - 165 2X1 OC Michael Coughlan C 1,109 650.00 Rent 650.00 650.00 294.00 07/25/03 02/29/04 99.00 0.00
N Alexandra Coughlan con -650.00 7 0.00
Total: 0.00
01 - 166 2X1 OC MR Glenn McKEITHAN C 1,109 650.00 Rent 581.00 581.00 517.00 04/17/98 04/30/04 200.00 0.00
N MS Loniva Washington con -64.00 12 0.00
MS Kiara Washington Total: 517.00
01 - 167 2X1 OC MR Pedro Torres C 1,109 650.00 Rent 630.00 630.00 630.00 06/04/02 06/30/03 630.00 0.00
N Total: 630.00 12 0.00
01 - 168 2X1 OC MR Robert G
Torreyson C 1,109 650.00 Rent 645.00 645.00 635.00 07/28/01 02/29/04 99.00 0.00
N MELISSA A TORREYSON Total: 645.00 7 0.00
01 - 169 2X1 OC MRS Dorothy J Lamee C 1,109 650.00 Rent 571.00 571.00 507.00 01/13/03 12/31/03 100.00 0.00
N con -64.00 12 0.00
Total: 507.00
01 - 170 2X1 OC MRS DONDREA LOMAS C 1,109 650.00 Rent 635.00 635.00 635.00 08/31/02 08/31/03 399.00 1,620.00
N BRIONNA MENDOZA Total: 635.00 12 0.00
01 - 171 2X1 OC Walter Huaman C 1,109 650.00 Rent 650.00 650.00 -21.00 07/29/03 01/31/04 99.00 0.00
N Lordes Huaman con -650.00 6 0.00
Daniel Huaman Total: 0.00
01 - 172 2X1 OC MR Stuart Speckman C 1,109 650.00 Rent 630.00 630.00 630.00 05/02/02 06/30/03 630.00 1,625.00
N Total: 630.00 14 0.00
01 - 174 2X1 OC MR Emmanuel Williams C 1,109 650.00 Rent 630.00 630.00 640.00 05/07/02 03/31/04 99.00 0.00
N MR Dustin B Williams Total: 630.00 12 0.00
01 - 175 2X1 OC MS Jill R Thomas C 1,109 650.00 Rent 650.00 650.00 650.00 05/02/03 04/30/04 250.00 45.00
N Devan Duncan w/d 45.00 12 0.00
Total: 695.00
01 - 176 2X1 OC MS. Teresa Womack C 1,109 650.00 Rent 650.00 650.00 650.00 04/27/03 04/30/04 348.00 915.00
N Total: 650.00 12 0.00
14
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 177 1X1 OC MS. Melissa Smith C 765 560.00 Rent 555.00 555.00 555.00 03/29/03 03/31/04 99.00 0.00
N MR Daluxe Chim Total: 555.00 12 0.00
Brandon Chim
01 - 178 1X1 NA MS Jameta Smith N 765 560.00 Rent 555.00 555.00 555.00 01/27/03 07/31/03 635.00 0.00
N MS Shauonna Bonsell Total: 555.00 12 0.00
01 - 179 1X1 OC Tashenna Arthur C 765 560.00 Rent 550.00 550.00 550.00 10/18/02 10/31/03 99.00 -550.00
N Total: 550.00 12 200.00
01 - 180 1X1 OC MS. Melinda Skinner C 765 560.00 Rent 555.00 555.00 555.00 02/26/03 02/28/04 99.00 0.00
N Total: 555.00 12 0.00
01 - 181 1X1 OC MR Daniel B Akel C 765 560.00 Rent 540.00 540.00 540.00 10/13/00 11/30/03 99.00 0.00
N Total: 540.00 12 0.00
01 - 182 1X1 OC MS. Soraiya Mojadidi C 765 560.00 Rent 560.00 560.00 560.00 05/31/03 05/31/04 99.00 0.00
N Total: 560.00 12 0.00
01 - 183 1X1 OC MR Adam J Dolan C 765 560.00 Rent 545.00 545.00 545.00 10/01/02 09/30/03 545.00 0.00
N Total: 545.00 12 0.00
01 - 184 1X1 OC Jacquelyn Martin P 765 560.00 18.00 02/15/03 01/31/04 0.00 2,808.00
N 07/01/03 12 0.00
01 - 184 1X1 OC TAMMIE PEARL C 765 560.00 Rent 560.00 560.00 144.00 07/28/03 02/29/04 99.00 0.00
N ALBERTO NAVA con -560.00 7 0.00
Total: 0.00
01 - 185 2X1 VL MS Yrma Levinshon P 1,109 650.00 630.00 06/01/01 06/30/03 300.00 1,925.00
N CHRISTOPHER
LEVINSHON 07/05/03 12 0.00
01 - 185 2X1 VL Chris Chaney L 1,109 650.00 Rent 650.00* 650.00 21.00 03/31/04 99.00 20.00
N Colleen Moody Total: 650.00 8 400.00
01 - 185 2X1 VL VACANCY 1,109 650.00 650.00
N
01 - 186 2X1 OC MS JENNIFER S SMITH C 1,109 650.00 Rent 640.00 640.00 640.00 12/14/02 11/30/03 99.00 0.00
N PHILIP M GRACE Total: 640.00 12 0.00
DAVID SHEALY
01 - 187 2X1 OC MS Irris Wallace C 1,109 650.00 Rent 630.00 630.00 630.00 04/30/02 05/31/03 630.00 20.00
N MR Daelin Worthern w/d 45.00 13 0.00
Total: 675.00
01 - 188 2X1 OC Mr. ARBEN PEPAJ C 1,109 650.00 Rent 640.00 640.00 640.00 01/22/00 01/31/04 99.00 0.00
N RAFAEL PEPAJ Total: 640.00 12 0.00
15
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 189 2X1 CA MR Genaro Sandoval P 1,109 650.00 143.00 06/29/01 06/30/03 0.00 39.00
C MRS Tamera B
Sandoval 07/07/03 12 0.00
MR MICHAEL ANGELO
SANDOVAL
01 - 190 2X1 OC Walton Do Santos C 1,109 650.00 Rent 645.00 645.00 458.00 07/10/03 02/29/04 0.00 0.00
N Carolina Ferreira Total: 645.00 8 0.00
01 - 191 2X1 OC MR Ian Barnett C 1,109 650.00 Rent 635.00 635.00 635.00 08/06/02 08/31/03 99.00 0.00
N MRS Christina
Barnett Total: 635.00 13 200.00
MISS Audrey Barnett
01 - 193 1X1 OC Ms Christy Morris C 765 560.00 Rent 555.00 555.00 555.00 01/31/03 03/31/04 100.00 887.00
N Total: 555.00 12 200.00
01 - 194 1X1 OC MS Tasha M Harrison C 765 560.00 Rent 555.00 555.00 555.00 01/31/03 01/31/04 555.00 -555.00
N Total: 555.00 12 200.00
01 - 195 1X1 OC MS. Karen Mckinney C 765 560.00 Rent 555.00 555.00 705.00 04/19/03 04/30/04 99.00 0.00
N Total: 555.00 12 0.00
01 - 196 1X1 OC MR Braudon Means C 765 560.00 Rent 560.00 560.00 560.00 04/15/03 03/31/04 399.00 0.00
N MS Michelle Clement Total: 560.00 12 0.00
01 - 197 1X1 OC MR Joseph C
Earnhardt C 765 560.00 Rent 545.00 545.00 545.00 05/11/02 03/31/04 99.00 0.00
N Total: 545.00 8 0.00
01 - 198 1X1 OC Heidi Nordt C 765 560.00 Rent 650.00 650.00 663.00 07/15/03 02/29/04 99.00 0.00
N Larry Tagert con -650.00 7 0.00
Karen Tagert Total: 0.00
01 - 199 1X1 OC Mr Roger Marsh C 765 560.00 Rent 490.00 490.00 435.00 11/04/95 11/30/03 99.00 0.00
N con -55.00 12 0.00
Total: 435.00
01 - 200 1X1 OC MR Benjamin C
Painter III C 765 560.00 Rent 545.00 545.00 545.00 06/22/00 04/30/04 49.00 0.00
N MS Frankie E Taylor Total: 545.00 10 0.00
01 - 201 2X1 OC Miss Quetzy Martinez C 1,109 650.00 Rent 635.00 635.00 635.00 12/01/90 11/30/03 200.00 0.00
N Total: 635.00 12 0.00
01 - 202 2X1 OC MS Maika Williams C 1,109 650.00 Rent 630.00 630.00 630.00 05/06/02 06/30/03 630.00 -20.00
N MISS Maiva White Total: 630.00 14 0.00
01 - 203 2X1 OC Antonio Neto C 1,109 650.00 Rent 650.00 650.00 53.00 06/20/03 05/31/04 0.00 0.00
N con 650.00 11 0.00
Total: 1,300.00
01 - 204 2X1 OC MR Andrey Kubanov C 1,109 650.00 Rent 645.00 645.00 645.00 04/03/99 03/31/04 200.00 0.00
N Total: 645.00 12 0.00
16
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 205 2X1 NL Ms Jaynae D Johnson N 1,109 650.00 Rent 635.00 635.00 635.00 08/01/01 07/31/03 99.00 953.00
N Mr Javaris Johnson w/d 45.00 12 0.00
Ms Jasmine Johnson Total: 680.00
01 - 205 2X1 NL EDIR MENDES L 1,109 650.00 0.00 0.00
N 12 0.00
01 - 206 2X1 OC MR Mark E Romero C 1,109 650.00 Rent 630.00 630.00 684.00 09/08/98 08/30/03 200.00 0.00
N MS Amy P ROMERO Total: 630.00 12 100.00
01 - 207 2X1 OC MR John F Breen C 1,109 650.00 Rent 645.00 645.00 645.00 02/22/03 02/28/04 99.00 -173.00
N Total: 645.00 12 0.00
01 - 208 2X1 OC Maureen Shackleton C 1,109 650.00 Rent 650.00 650.00 0.00 06/28/03 05/31/04 99.00 0.00
N Matthew Shackleton con 650.00 11 0.00
Claude Hilton w/d 45.00
Total: 1,345.00
01 - 209 2X1 OC David Johnson C 1,109 650.00 Rent 650.00 650.00 0.00 06/21/03 05/31/04 99.00 -551.00
N con 650.00 11 0.00
Total: 1,300.00
01 - 210 2X1 VL Angela Pointe L 1,109 650.00 02/29/04 0.00 0.00
N LARRY POINTE 7 0.00
ASIA POINTE
SETH POINTE
01 - 210 2X1 VL VACANCY 1,109 650.00 650.00
N
01 - 211 2X1 OC Mrs Nitin Kudre C 1,109 650.00 Rent 640.00 640.00 640.00 05/17/02 03/31/04 99.00 0.00
N Mr Prajakta N Kudre Total: 640.00 10 0.00
01 - 212 2X1 OC MS. LORRIE GIVENS C 1,109 650.00 Rent 645.00 645.00 647.00 03/27/03 03/31/04 795.00 1.00
N Total: 645.00 12 0.00
01 - 213 1X1 OC MR JUAN A PLAZA C 765 560.00 Rent 555.00 555.00 555.00 03/23/01 03/31/04 99.00 0.00
N MRS HERMELINDA C
PEREZ Total: 555.00 12 0.00
01 - 214 1X1 OC MS. Jennifer Brickey C 765 560.00 Rent 560.00 560.00 550.00 05/03/03 05/31/04 99.00 0.00
N Total: 560.00 12 0.00
01 - 215 1X1 OC MS Amy Taaffe C 765 560.00 Rent 550.00 550.00 550.00 04/19/02 05/31/04 99.00 0.00
N Total: 550.00 12 0.00
01 - 216 1X1 OC MR William Mcnabb C 765 560.00 Rent 540.00 540.00 540.00 09/28/01 09/30/03 99.00 0.00
N Total: 540.00 12 50.00
01 - 217 1X1 OC Mr Kevin Washburn C 765 560.00 Rent 535.00 535.00 535.00 06/01/97 05/31/03 200.00 0.00
N MS MELISSA M JOHNSON Total: 535.00 12 0.00
17
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 218 1X1 OC MR. Anthony Lodolce C 765 560.00 Rent 560.00 560.00 560.00 04/30/03 04/30/04 99.00 -524.00
N w/d 45.00 12 0.00
Total: 605.00
01 - 219 1X1 OC MRS Marie Hidely C 765 560.00 Rent 545.00 545.00 545.00 09/04/02 09/01/03 99.00 0.00
N MR Anthonse
Desauguste Total: 545.00 12 0.00
01 - 220 1X1 OC MR Nathaniel
Robinson C 765 560.00 Rent 555.00 555.00 555.00 04/14/01 03/31/04 99.00 0.00
N Total: 555.00 12 0.00
01 - 221 2X1 OC MR Mark Sherrill C 1,109 650.00 Rent 635.00 635.00 635.00 08/02/02 07/31/03 49.00 0.00
N Total: 635.00 12 50.00
01 - 222 2X1P OC MRS Georgianna
Santos C 1,109 690.00 Rent 655.00 655.00 655.00 10/01/02 09/30/03 99.00 0.00
N Luis ( Vazquez Total: 655.00 12 0.00
01 - 223 2X1P OC Lisa M MCALISTER P 1,109 690.00 01/10/03 12/31/03 0.00 697.00
N CATHY MALONEY 05/31/03 12 0.00
MARION MCALISTER
01 - 223 2X1P OC Majeid Bidel C 1,109 690.00 Rent 675.00 675.00 0.00 07/01/03 04/30/04 100.00 0.00
N Samantha Crupper con -675.00 10 0.00
Total: 0.00
01 - 224 2X1P OC MRS Cynthia
Rodriguez C 1,109 690.00 Rent 655.00 655.00 655.00 10/01/02 09/30/03 99.00 4.00
N MR Jose Ortiz Total: 655.00 12 0.00
Amanada Rodriguez
NOAH RODRIGUEZ
01 - 225 2X1 NA MR Jamey Ferrell N 1,109 650.00 Rent 635.00 635.00 635.00 08/09/02 08/31/03 99.00 0.00
N MRS Leslie Ferrell Total: 635.00 12 0.00
Jamey(c) Ferrell
Tyler ( Ferrell
01 - 226 2X1 OC Stephen Walker C 1,109 650.00 Rent 650.00 650.00 579.00 07/18/03 02/29/04 650.00 -9.00
N Ruthmarie Rivera con -650.00 7 0.00
Laquan Rivera Total: 0.00
Leahie Smith
01 - 227 2X1 OC MS Miriam Wishart P 1,109 650.00 07/10/02 07/31/03 0.00 1,192.00
N MR Jason Beard 06/01/03 13 0.00
01 - 227 2X1 OC Trinicia M Logan C 1,109 650.00 Rent 650.00 650.00 0.00 07/07/03 05/31/04 99.00 609.00
N Trinicia S Logan con -650.00 11 0.00
Dayton Logan Total: 0.00
Calvin Logan
18
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 228 2X1 OC MS Kellie S Gordon C 1,109 650.00 Rent 645.00 645.00 645.00 03/17/03 03/31/04 99.00 0.00
N Total: 645.00 12 0.00
01 - 229 2X1 OC MS. Cerissa Thrift C 1,109 650.00 Rent 645.00 645.00 645.00 02/27/03 02/29/04 399.00 75.00
N MS. Ashley Pace Total: 645.00 12 0.00
01 - 230 2X1 OC MR Micheal Robinson C 1,109 650.00 Rent 645.00 645.00 645.00 02/27/03 12/31/03 99.00 45.00
N MS Melinda N Joseph w/d 45.00 10 0.00
Total: 690.00
01 - 231 2X1 OC Mr Christopher
Sutton C 1,109 650.00 Rent 640.00 640.00 646.00 04/14/02 11/30/03 200.00 0.00
N Mrs Hillary Sutton Total: 640.00 12 0.00
MISS LEJHORNA
GEORGE
MS K'KHRISSHARR
SUTTON
01 - 232 2X1 OC MR. Roger Atkins C 1,109 650.00 Rent 645.00 645.00 645.00 05/29/03 05/31/04 99.00 0.00
N Hayley Atkins Total: 645.00 12 0.00
Roger Atkins
01 - 233 2X1 OC Jessica Walton C 1,109 650.00 Rent 635.00 635.00 635.00 08/02/02 07/31/03 99.00 0.00
N Jonathan Walton w/d 45.00 12 0.00
Ellis W Tij Total: 680.00
01 - 234 2X1 OC MR Charle
Padathuruthy C 1,109 650.00 Rent 650.00 650.00 800.00 04/09/03 04/30/04 99.00 0.00
N Total: 650.00 12 0.00
01 - 235 2X1 OC MR Rircado Martinez C 1,109 650.00 Rent 645.00 645.00 645.00 04/13/02 03/31/04 630.00 0.00
N MS Maria Castro Total: 645.00 12 0.00
01 - 236 2X1 OC MS Tonya E Marquez C 1,109 650.00 Rent 645.00 645.00 645.00 06/29/01 04/30/04 99.00 -5.00
N Total: 645.00 9 0.00
01 - 237 1X1 OC Shannon Ward C 765 560.00 Rent 550.00 550.00 550.00 10/29/02 10/31/03 399.00 0.00
N Joshua Adams Total: 550.00 12 0.00
01 - 239 1X1 VL MR Emilio V Mejia P 765 560.00 11/27/99 11/30/03 0.00 1,189.00
N 05/29/03 12 0.00
01 - 239 1X1 VL WILLIE WRIGHT L 765 560.00 0.00 0.00
N 12 0.00
01 - 239 1X1 VL VACANCY 765 560.00 560.00
N
01 - 240 1X1 OC MR James Dawson C 765 560.00 Rent 545.00 545.00 545.00 08/01/02 07/31/03 99.00 0.00
N Total: 545.00 12 0.00
01 - 241 1X1 OC MR Raymond Frechette C 765 560.00 Rent 535.00 535.00 535.00 08/09/02 07/31/03 99.00 0.00
N MRS Christine
Frechette Total: 535.00 12 0.00
19
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/O DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 242 1X1 OC MS Nichole Paimieri C 765 560.00 Rent 560.00 560.00 555.00 04/01/01 03/31/03 99.00 0.00
N mtm 100.00 0 0.00
Total: 660.00
01 - 243 1X1 OC Ms. Linda King C 765 560.00 Rent 545.00 545.00 545.00 12/09/93 12/31/03 99.00 0.00
N TARVIA LEE Total: 545.00 12 0.00
01 - 244 1X1 OC MR Artoun Hulej C 765 560.00 Rent 555.00 555.00 555.00 01/31/03 01/31/04 99.00 0.00
N MR Arben Pepej Total: 555.00 12 0.00
01 - 245 2X1 NA Lisa Gainey N 1,109 650.00 Rent 635.00 635.00 635.00 09/13/02 08/31/03 399.00 0.00
N Robert Gainey Total: 635.00 12 0.00
Zachary Gainey
Celena Gainey
01 - 246 2X1 OC Lakeon Lamb C 1,109 650.00 Rent 640.00 640.00 640.00 01/15/03 11/30/03 399.00 0.00
N Total: 640.00 12 0.00
01 - 247 2X1 OC MR Mark Burgos C 1,109 650.00 Rent 650.00 650.00 735.00 06/24/99 06/30/03 200.00 -565.00
N mtm 100.00 12 200.00
Total: 750.00
01 - 248 2X1 OC MS Ana Cisnaros C 1,109 650.00 Rent 650.00 650.00 231.00 07/21/03 02/29/04 555.00 231.00
N Total: 650.00 7 0.00
01 - 249 2X1 OC MR Charles D Herman C 1,109 650.00 Rent 599.00 599.00 579.00 05/20/00 05/31/03 300.00 0.00
N MRS Misty S Herman con -31.00 12 400.00
MISS Alyssa T Herman Total: 568.00
01 - 250 2X1 OC MR Michael Walker C 1,109 650.00 Rent 635.00 635.00 635.00 09/29/00 09/30/03 99.00 0.00
N Total: 635.00 12 0.00
01 - 251 2X1 OC MR Angel Claudio C 1,109 650.00 Rent 630.00 630.00 630.00 07/29/02 07/31/03 630.00 0.00
N NIODYA BERLINGERI Total: 630.00 12 0.00
01 - 252 2X1 OC MS Sokha Chan P 1,109 650.00 630.00 06/01/01 05/31/03 0.00 386.00
N 07/06/03 12 0.00
01 - 252 2X1 OC Lebnys De La Cruz C 1,109 650.00 Rent 650.00 650.00 670.00 07/16/03 03/31/04 99.00 0.00
N Fidel De La Cruz con -650.00 9 0.00
Hector Suarez Total: 0.00
Alyanis De La Cruz
01 - 253 1X1 OC MR Brett Jacobs C 765 560.00 Rent 555.00 555.00 555.00 03/16/02 03/31/04 530.00 0.00
N Total: 555.00 12 0.00
01 - 254 1X1 OC MR David E Wayne C 765 560.00 Rent 540.00 540.00 540.00 08/25/00 08/31/03 49.00 0.00
N MS BARBARA WAYNE Total: 540.00 12 0.00
01 - 255 1X1 NA MRS Ocla M Howard N 765 560.00 Rent 545.00 545.00 545.00 07/21/00 08/31/03 49.00 0.00
N Total: 545.00 12 0.00
20
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 256 1X1 OC MR Alberto Milion C 765 560.00 Rent 545.00 545.00 545.00 07/23/02 07/31/03 99.00 -1,635.00
N Total: 545.00 12 0.00
01 - 257 1X1 OC MR WAYNE G RAGAN C 765 560.00 Rent 495.00 495.00 440.00 12/01/02 11/30/03 99.00 0.00
N con -55.00 12 0.00
Total: 440.00
01 - 258 1X1 OC MR Vernon Armstrong C 765 560.00 Rent 535.00 535.00 735.00 04/20/02 05/31/03 99.00 0.00
N Total: 535.00 13 0.00
01 - 259 1X1 OC MR Adilson Motos C 765 560.00 Rent 545.00 545.00 545.00 05/31/02 06/30/03 545.00 2,100.00
N Total: 545.00 13 0.00
01 - 260 1X1 OC MR Robert Pharis C 765 560.00 Rent 550.00 550.00 550.00 02/14/01 02/29/04 99.00 -20.00
N Total: 550.00 12 0.00
01 - 261 2X1 OC MR Adam Pyfrom C 1,109 670.00 Rent 650.00 650.00 650.00 04/24/03 04/30/04 99.00 0.00
N John A Tyler Total: 650.00 12 0.00
01 - 262 2X1 NA Ms Ana G Kitoyan N 1,109 650.00 Rent 630.00 630.00 630.00 05/31/01 07/31/03 300.00 0.00
N Mrs Anjelika
Kitoyan Total: 630.00 12 0.00
AIDA KITOYAN
01 - 263 2X1 OC CHARISSE DEAN C 1,109 650.00 Rent 645.00 645.00 645.00 02/15/02 02/28/04 150.00 0.00
N Total: 645.00 12 200.00
01 - 264 2X1 OC MR FREDERICK
GJERGJI C 1,109 650.00 Rent 640.00 640.00 640.00 09/01/00 08/31/03 200.00 0.00
N Total: 640.00 12 0.00
01 - 265 2X1 OC MS Andrea Griesemer C 1,109 670.00 Rent 635.00 635.00 635.00 09/28/01 09/30/03 99.00 0.00
N MR Daniel Griesmer Total: 635.00 12 0.00
01 - 266 2X1 OC MR. Andrei Florin C 1,109 650.00 Rent 650.00 650.00 0.00 06/29/03 05/31/04 99.00 0.00
N Fogna Viadeseu con 650.00 11 0.00
Total: 1,300.00
01 - 267 2X1 OC MS Parthenia Myers C 1,109 650.00 Rent 650.00 650.00 520.00 05/30/03 05/31/04 399.00 0.00
N MR Brewton Madison Total: 650.00 12 0.00
01 - 268 2X1 NA MRS Brenda Wiley N 1,109 650.00 Rent 635.00 635.00 635.00 07/17/01 07/31/03 99.00 0.00
N Total: 635.00 12 0.00
01 - 269 2X1P OC Heather Russell C 1,109 690.00 Rent 675.00 675.00 607.50 08/20/02 08/31/03 99.00 0.00
N Gerald Baldwin con -67.50 12 0.00
Total: 607.50
01 - 270 2X1P NA MRS Kristin Rivera N 1,109 690.00 Rent 655.00 655.00 655.00 08/21/02 08/31/03 99.00 0.00
N MR Dominic Rivera Total: 655.00 12 0.00
Mcauley Rivera
Mariah Rivera
21
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 271 2X1P OC MRS Joline Miller C 1,109 690.00 Rent 675.00 675.00 675.00 08/07/02 07/31/03 399.00 940.00
N MR Dennis Miller Total: 675.00 12 0.00
MS Tabitha Miller
MR Christopher
Miller
01 - 272 2X1P OC MR. DAVID NASH C 1,109 690.00 Rent 599.00 599.00 534.00 05/13/95 05/30/03 199.00 0.00
N BETTY NASH con 66.00 12 0.00
Total: 665.00
01 - 273 2X1 OC MS Nannette Peoples C 1,109 650.00 Rent 650.00 650.00 580.00 04/25/98 04/30/03 200.00 0.00
N mtm 100.00 0 0.00
Total: 750.00
01 - 274 2X1 OC MR Ken Mitchell C 1,109 650.00 Rent 482.00 482.00 561.00 05/19/03 05/31/03 399.00 0.00
N MRS Mary Mitchell con 53.00 12 0.00
Total: 535.00
01 - 275 2X1 OC Mr Tom R. Hawthorne C 1,109 650.00 Rent 650.00 650.00 630.00 05/31/02 06/30/03 99.00 90.00
N MR David A
Casselberry mtm 100.00 14 200.00
Total: 750.00
01 - 276 2X1 OC MR Brian W Volkmann C 1,109 650.00 Rent 645.00 645.00 645.00 02/11/03 01/31/04 99.00 0.00
N MR Randall Wright Total: 645.00 12 200.00
01 - 277 1X1 OC MRS. Betty S Prosch C 765 560.00 Rent 495.00 495.00 440.00 02/05/00 01/31/04 49.00 0.00
N con 55.00 12 0.00
Total: 550.00
01 - 278 1X1 OC MR Joseph Dvoroznak C 765 560.00 Rent 540.00 540.00 540.00 09/27/97 09/30/03 150.00 0.00
N Total: 540.00 12 0.00
01 - 279 1X1 OC MRS June S Martinez C 765 560.00 Rent 486.00 486.00 432.00 01/31/99 01/31/04 200.00 0.00
N con -54.00 12 0.00
Total: 432.00
01 - 280 1X1 OC MS Kathleen Moeller C 765 560.00 Rent 555.00 555.00 555.00 03/08/03 03/31/04 99.00 0.00
N Total: 555.00 12 200.00
01 - 281 1X1 NA MISS Joanne M Giglia N 765 560.00 Rent 540.00 540.00 540.00 08/14/01 07/31/03 99.00 0.00
N Total: 540.00 12 0.00
01 - 282 1X1 OC MR KENAN MORROW C 765 560.00 Rent 560.00 560.00 532.00 06/01/03 05/31/04 0.00 0.00
N con 28.00 12 0.00
Total: 588.00
01 - 283 1X1 NA MR Scott Moose N 765 560.00 Rent 545.00 545.00 540.00 09/04/02 09/30/03 99.00 0.00
N MRS Sandy Moose Total: 545.00 12 0.00
JOSIAH MOOSE
22
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 284 1X1 VA VACANCY 765 560.00 560.00
N
01 - 285 2X1 OC MRS SONIA RUSSELL C 1,109 650.00 Rent 635.00 635.00 635.00 01/06/01 12/31/03 300.00 0.00
N MR DARIAN E RUSSELL Total: 635.00 12 0.00
DARIAN K RUSSELL
CASSANDRA RUSSELL
01 - 286 2X1 OC MS Laurie Hofiman C 1,109 650.00 Rent 645.00 645.00 645.00 03/24/00 03/31/04 200.00 0.00
N Total: 645.00 12 150.00
01 - 287 2X1 OC Mr. William SMITH C 1,109 650.00 Rent 645.00 645.00 645.00 07/23/97 1/31/04 99.00 0.00
N MRS REGINA SMITH Total: 645.00 11 0.00
MISS DASIA SMITH
MISS DANIELLE SMITH
01 - 288 2X1 OC Ms Christina
Y Palacios C 1,109 650.00 Rent 645.00 645.00 635.00 09/13/02 03/31/04 99.00 0.00
N MISS GRACE PALACIOS Total: 645.00 7 0.00
01 - 289 2X1 OC Ms Erika N Walker C 1,109 650.00 Rent 650.00 650.00 650.00 05/02/03 04/30/04 0.00 0.00
N Total: 650.00 12 0.00
01 - 290 2X1 NA MRS Jamie Forester N 1,109 650.00 Rent 635.00 635.00 585.00 08/11/02 07/31/03 99.00 0.00
N MR Daniel Forrester Total: 635.00 12 200.00
01 - 291 2X1 OC MR Ramesh Gopu C 1,109 650.00 Rent 630.00 630.00 630.00 04/26/02 05/31/03 99.00 0.00
N MRS Kanchana Ramesh Total: 630.00 13 0.00
MR Ashwanth Ramesh
MISS Arthi Ramesh
01 - 292 2X1 OC MR Enrique A Archiga C 1,109 650.00 Rent 645.00 645.00 645.00 02/05/03 01/31/04 645.00 0.00
N MS Angelica V
Aguilar Total: 645.00 12 0.00
MS Stefany A
Velazquez
01 - 293 1X1 OC Walter W Moore C 765 560.00 Rent 560.00 280.00 144.00 07/16/03 12/31/03 0.00 0.00
O crtsy -280.00* 5 0.00
Total: 280.00
01 - 294 1X1 OC MR Dionysus R Earles C 765 560.00 Rent 545.00 545.00 545.00 11/02/00 01/31/04 99.00 0.00
N Total: 545.00 12 0.00
01 - 295 1X1 VL Michael Shoto L 765 560.00 0.00 0.00
N 12 0.00
01 - 295 1X1 VL VACANCY 765 560.00 560.00
N
01 - 296 1X1 OC MS Amber D Wightman C 765 560.00 Rent 555.00 555.00 -555.00 02/25/03 2/28/04 99.00 0.00
N MR Richard J Murphy Total: 555.00 12 0.00
23
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ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
01 - 297 1X1 OC MR. Corey Carrington C 765 560.00 Rent 527.00 527.00 499.00 03/06/03 03/31/04 0.00 87.00
N con -28.00 12 0.00
Total: 499.00
01 - 298 1X1 OC MR. Stuart M
Mattocks C 765 560.00 Rent 545.00 545.00 545.00 05/17/02 03/31/04 99.00 0.00
N Total: 545.00 10 0.00
01 - 299 1X1 OC MS Tina Jones C 765 560.00 Rent 555.00 555.00 555.00 04/25/03 04/30/04 555.00 0.00
N Total: 555.00 12 0.00
01 - 300 1X1 OC MR. Carey L Wyatt C 765 560.00 Rent 540.00 540.00 540.00 08/06/00 07/31/03 49.00 832.00
N MRS. MARY WYATT Total: 540.00 12 0.00
01 - 1X1 VL Gail King L 735 560.00 Rent 560.00* 560.00 02/29/04 0.00 0.00
WAITI W Tish Onalt Total: 560.00 6 0.00
TOTAL:
ACTUAL
MARKET LEASE GROSS POTENTIAL SECURITY OTHER TOTAL ENDING
RENT RENT POSSIBLE CHARGES DEPOSITS DEPOSITS DEPOSITS BALANCE
---------- ---------- ---------- ---------- --------- -------- --------- ---------
181,770.00 160,782.50 176,898.00 154,861.25 57,765.00 5,947.50 63,712.50 30,341.50
INCOME CODE:
con CONCESSION
crtsy COURTESY OFF
demag DAMAGES
emp NON-REV EMPLOYE
mtm MONTH TO MONT
Rent BASE RENT
w/d WASHER DRYER
RESIDENT STAT.
C Current
L Leased
N Notice
P Previous
X Cancel
UNIT STAT.
CA Construction Available
NA On Notice Available
NL On Notice Leased
OC Occupied
VA Vacant Available
VL Vacant Leased
UNIT ANALYSIS
[Download Table]
DESCRIPTION UNITS PERCENT
Occupied 275 93.54
Vacant 17 5.78
Down 0 0.00
Total Units 294 100.00
Construction 6
Waiting Lists 4
Employee 4
Model 0
Other Use 2
Total Special Use 6 2.04
This Rent Roll includes Current Resident, Applicants, WaitList Applicants,
Canceled Applicants, Previous Resident. '*' Indicates amounts not included in
summary of lease charges
24
[Enlarge/Download Table]
ACTUAL LEASE
APT. R MARKET LEASE GROSS POTENTIAL M/I DATE EXPIRES SEC/OTHER ENDING
APT. TYPE STATUS NAMES S SQ. FT. RENT CODE CHARGES POSSIBLE CHARGES M/0 DATE TERM DEPOSIT BALANCE
------------------------------------------------------------------------------------------------------------------------------------
GRAND TOTAL:
ACTUAL
MARKET LEASE GROSS POTENTIAL SECURITY OTHER TOTAL ENDING
RENT RENT POSSIBLE CHARGES DEPOSITS DEPOSITS DEPOSITS BALANCE
---------- ---------- ---------- ---------- --------- -------- --------- ---------
181,770.00 160,782.50 176,898.00 154,861.25 57,765.00 5,947.50 63,712.50 30,341.50
1
SS1437 Aged Delinquency Detail
005 BC-Bainbridge Bay Pointe LLC
Select: 07/31/03 BAY POINTE APARTMENTS
300 Apts., 291,076 Sq.Ft 7/31/2003
[Enlarge/Download Table]
RESIDENT CR # # 0 - 30
APT. NAME STATUS ST LT RTN DESCRIPTION TOTAL DUE PREPAID FUTURE DAYS
-----------------------------------------------------------------------------------------------------------------------------------
01-007 MR Melvin C. Costanza ( ) 268-0106 Current N 3 0 BASE RENT -645.00 -645.00 0.00 0.00
---------------------------------------
-645.00 -645.00 0.00 0.00
01-008 MR Curtis Shipman (000) 000-0000 Current N 1 0 LATE CHARGE 82.00 0.00 0.00 82.00
LEGAL FEE 210.00 0.00 0.00 210.00
BASE RENT 645.00 0.00 0.00 645.00
---------------------------------------
937.00 0.00 0.00 937.00
01-010 MS Rasheeda N. Thomas (904) 886-0689 Notice N 1 0 LATE CHARGE 182.00 0.00 0.00 82.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 1,260.00 0.00 0.00 630.00
---------------------------------------
1,625.00 0.00 0.00 895.00
01-011 MRS CARLI DONNAL ( ) 636-7487 Current N 1 0 WASHER DRYER 45.00 0.00 0.00 45.00
---------------------------------------
45.00 0.00 0.00 45.00
01-015 MS Tomeka Dixon (904) 367-1588 Current N 3 1 LATE CHARGE 86.00 0.00 0.00 86.00
NSF CHECK FEE 35.00 0.00 0.00 35.00
BASE RENT 585.00 0.00 0.00 585.00
---------------------------------------
706.00 0.00 0.00 706.00
01-016 MR Brandon Stockton (000) 000-0000 Previous N 2 0 BREACH OF LEASE 645.00 0.00 0.00 0.00
Move out:5/30/2003 LATE CHARGE 125.00 0.00 0.00 0.00
LEGAL FEE 253.00 0.00 0.00 0.00
BASE RENT 949.00 0.00 0.00 0.00
---------------------------------------
1,972.00 0.00 0.00 0.00
01-028 John Odom Previous N 1 0 BREACH OF LEASE 287.00 0.00 0.00 287.00
Move out:7/14/2003
---------------------------------------
287.00 0.00 0.00 287.00
01-028 Michael Johnson Current N 0 0 BASE RENT -325.00 -325.00 0.00 0.00
---------------------------------------
-325.00 -325.00 0.00 0.00
01-035 MS. Terrianna Wilcher Current N 1 1 LATE CHARGE 50.00 0.00 0.00 50.00
NSF CHECK FEE 35.00 0.00 0.00 35.00
BASE RENT 560.00 0.00 0.00 560.00
---------------------------------------
645.00 0.00 0.00 645.00
01-047 Bobby Seak Current N 0 0 BASE RENT -398.00 -398.00 0.00 0.00
---------------------------------------
-398.00 -398.00 0.00 0.00
01-049 MR Jeremy Mahaffey Current N 1 0 BASE RENT 297.00 0.00 0.00 0.00
---------------------------------------
297.00 0.00 0.00 0.00
01-051 Jacy Yanez Current N 0 0 BASE RENT -42.00 -42.00 0.00 0.00
---------------------------------------
-42.00 -42.00 0.00 0.00
01-052 MS Josephine Cole (904) 778-4527 Current C 1 2 LATE CHARGE 382.00 0.00 0.00 82.00
LEGAL FEE 210.00 0.00 0.00 0.00
MONTH TO MONTH 400.00 0.00 0.00 100.00
31-60 61-90 OVER 90
APT. NAME DAYS DAYS DAYS
--------------------------------------------------------
01-007 MR Melvin C. Costanza 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-008 MR Curtis Shipman 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-010 MS Rasheeda N. Thomas 100.00 0.00 0.00
0.00 0.00 0.00
630.00 0.00 0.00
--------------------------
730.00 0.00 0.00
01-011 MRS CARLI DONNAL 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-015 MS Tomeka Dixon 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-016 MR Brandon Stockton 0.00 645.00 0.00
0.00 21.00 104.00
0.00 70.00 183.00
0.00 0.00 949.00
--------------------------
0.00 736.00 1,236.00
01-028 John Odom 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-028 Michael Johnson 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-035 MS. Terrianna Wilcher 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-047 Bobby Seak 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-049 MR Jeremy Mahaffey 650.00 0.00 -353.00
--------------------------
650.00 0.00 -353.00
01-051 Jacy Yanez 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-052 MS Josephine Cole 100.00 0.00 200.00
0.00 0.00 210.00
100.00 0.00 200.00
2
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RESIDENT CR # # 0 - 30
APT. NAME STATUS ST LT RTN DESCRIPTION TOTAL DUE PREPAID FUTURE DAYS
-----------------------------------------------------------------------------------------------------------------------------------
01-054 MR Osbell M. Martinez Current N 1 0 BASE RENT 5.00 0.00 0.00 5.00
---------------------------------------
5.00 0.00 0.00 5.00
01-056 MS Suzanne M. Trimble (904) 733-7526 Previous N 1 0 BREACH OF LEASE 241.00 0.00 0.00 0.00
Move out:6/21/2003
---------------------------------------
241.00 0.00 0.00 0.00
01-056 MR Brian Holmes ( ) 619-5529 Current C 7 2 BASE RENT 86.00 0.00 0.00 86.00
---------------------------------------
86.00 0.00 0.00 86.00
01-062 TINA REDDY Current N 1 0 BASE RENT -571.00 -571.00 0.00 0.00
---------------------------------------
-571.00 -571.00 0.00 0.00
01-065 MS. JAMIE B. THOMAS Current C 1 3 LATE CHARGE 175.00 0.00 0.00 75.00
LEGAL FEE 183.00 0.00 0.00 183.00
MONTH TO MONTH 200.00 0.00 0.00 100.00
BASE RENT 1,270.00 0.00 0.00 635.00
---------------------------------------
1,828.00 0.00 0.00 993.00
01-071 JOSE RODRIGUEZ Current N 0 0 CONCESSION 566.00 0.00 0.00 560.00
BASE RENT -650.00 -84.00 0.00 -566.00
---------------------------------------
-84.00 -84.00 0.00 0.00
01-073 MR Henry Dewitt ( ) -904 Previous N 1 0 DAMAGES 42.50 0.00 0.00 0.00
Move out:5/31/2003
---------------------------------------
42.50 0.00 0.00 0.00
01-076 MR Willie Session ( ) 739-8196 Current C 1 2 LATE CHARGE 3.00 0.00 0.00 3.00
---------------------------------------
3.00 0.00 0.00 3.00
01-081 MS Lina Jolouk Current N 0 0 BASE RENT -120.00 -120.00 0.00 0.00
WASHER DRYER 240.00 0.00 0.00 80.00
---------------------------------------
120.00 -120.00 0.00 80.00
01-085 MR Allen L. Perry Previous N 3 0 BREACH OF LEASE 645.00 0.00 0.00 0.00
Move out:5/30/2003 LATE CHARGE 125.00 0.00 0.00 0.00
LEGAL FEE 280.00 0.00 0.00 0.00
BASE RENT 870.00 0.00 0.00 0.00
---------------------------------------
1,920.00 0.00 0.00 0.00
01-101 MS Sincey Donnelly (904) 707-6657 Previous N 1 1 LATE CHARGE 68.00 0.00 0.00 68.00
Move out:7/16/2003
---------------------------------------
68.00 0.00 0.00 68.00
01-102 MR Tyree Lyons ( ) - Current N 1 0 LATE CHARGE 75.00 0.00 0.00 75.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 735.00 0.00 0.00 590.00
---------------------------------------
993.00 0.00 0.00 848.00
01-110 MR PAULO AQUIRO ( ) 813-3439 Current N 3 0 BASE RENT -495.00 -462.00 0.00 0.00
---------------------------------------
-495.00 -462.00 0.00 0.00
31-60 61-90 OVER 90
APT. NAME DAYS DAYS DAYS
--------------------------------------------------------
01-054 MR Osbell M. Martinez 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-056 MS Suzanne M. Trimble 241.00 0.00 0.00
--------------------------
241.00 0.00 0.00
01-056 MR Brian Holmes 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-062 TINA REDDY 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-065 MS. JAMIE B. THOMAS 100.00 0.00 0.00
0.00 0.00 0.00
100.00 0.00 0.00
635.00 0.00 0.00
--------------------------
835.00 0.00 0.00
01-071 JOSE RODRIGUEZ 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-073 MR Henry Dewitt 0.00 42.50 0.00
--------------------------
0.00 42.50 0.00
01-076 MR Willie Session 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-081 MS Lina Jolouk 0.00 0.00 0.00
80.00 0.00 80.00
--------------------------
80.00 0.00 80.00
01-085 MR Allen L. Perry 0.00 645.00 0.00
0.00 21.00 104.00
0.00 70.00 210.00
0.00 0.00 870.00
--------------------------
0.00 736.00 1,184.00
01-101 MS Sincey Donnelly 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-102 MR Tyree Lyons 0.00 0.00 0.00
0.00 0.00 0.00
0.00 145.00 0.00
--------------------------
0.00 145.00 0.00
01-110 MR PAULO AQUIRO 0.00 0.00 -33.00
--------------------------
0.00 0.00 -33.00
3
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RESIDENT CR # # 0 - 30
APT. NAME STATUS ST LT RTN DESCRIPTION TOTAL DUE PREPAID FUTURE DAYS
-----------------------------------------------------------------------------------------------------------------------------------
01-116 MR JOHN A. TENNANT (904) 374-5027 Notice N 1 0 LATE CHARGE 29.00 0.00 0.00 29.00
BASE RENT 540.00 0.00 0.00 540.00
---------------------------------------
569.00 0.00 0.00 569.00
01-124 Mr. James G. Coleman ( ) 448-8785 Current N 5 0 MONTH TO MONTH 100.00 0.00 0.00 100.00
BASE RENT 30.00 0.00 0.00 30.00
---------------------------------------
130.00 0.00 0.00 130.00
01-128 MRS Brandie Kenny (904) 221-7878 Previous N 8 1 BREACH OF LEASE 615.00 0.00 0.00 0.00
Move out:6/23/2003 LATE CHARGE 52.00 0.00 0.00 0.00
BASE RENT 254.00 0.00 0.00 0.00
---------------------------------------
921.00 0.00 0.00 0.00
01-130 MR. Joao Nero Previous N 3 0 BASE RENT 645.00 0.00 0.00 645.00
Move out:7/5/2003
---------------------------------------
645.00 0.00 0.00 645.00
01-133 JACQUELINE JACKSON ( ) 568-0663 Current N 1 0 LATE CHARGE 82.00 0.00 0.00 82.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 650.00 0.00 0.00 650.00
---------------------------------------
915.00 0.00 0.00 915.00
01-141 GERARDO BAUTISTA Current N 0 0 BASE RENT -199.00 0.00 0.00 -199.00
---------------------------------------
-199.00 0.00 0.00 -199.00
01-146 MR. Paul Stewart Current N 1 0 LATE CHARGE 82.00 0.00 0.00 82.00
BASE RENT 550.00 0.00 0.00 550.00
---------------------------------------
632.00 0.00 0.00 632.00
01-148 MS. Jane Schayes Current N 0 0 BASE RENT -45.00 -45.00 0.00 0.00
WASHER DRYER 90.00 0.00 0.00 90.00
---------------------------------------
45.00 -45.00 0.00 90.00
01-154 MR John I. Lee Current N 1 1 LATE CHARGE 82.00 0.00 0.00 82.00
---------------------------------------
82.00 0.00 0.00 82.00
01-158 MR Kyle C. Palmer Current N 1 0 BASE RENT -5.00 -5.00 0.00 0.00
---------------------------------------
-5.00 -5.00 0.00 0.00
01-165 MR Michael Hershberger (904) 737-4056 Previous C 0 3 BREACH OF LEASE 640.00 0.00 0.00 640.00
Move out:7/5/2003 NSF CHECK FEE 105.00 0.00 0.00 0.00
BASE RENT 881.00 0.00 0.00 640.00
---------------------------------------
1,626.00 0.00 0.00 1,280.00
01-170 MRS DONDREA LOMAS (904) 264-4188 Current C 1 2 LATE CHARGE 132.00 0.00 0.00 132.00
LEGAL FEE 183.00 0.00 0.00 183.00
NSF CHECK FEE 35.00 0.00 0.00 35.00
BASE RENT 1,270.00 0.00 0.00 635.00
---------------------------------------
1,620.00 0.00 0.00 985.00
01-172 MR Stuart Speckman (904) 742-4716 Current N 1 0 LATE CHARGE 182.00 0.00 0.00 82.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 1,260.00 0.00 0.00 630.00
31-60 61-90 OVER 90
APT. NAME DAYS DAYS DAYS
-------------------------------------------------------
01-116 MR JOHN A. TENNANT 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-124 Mr. James G. Coleman 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-128 MRS Brandie Kenny 615.00 0.00 0.00
0.00 0.00 52.00
254.00 0.00 0.00
--------------------------
869.00 0.00 52.00
01-130 MR. Joao Nero 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-133 JACQUELINE JACKSON 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-141 GERARDO BAUTISTA 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-146 MR. Paul Stewart 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-148 MS. Jane Schayes 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-154 MR John I. Lee 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-158 MR Kyle C. Palmer 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-165 MR Michael Hershberger 0.00 0.00 0.00
0.00 0.00 105.00
241.00 0.00 0.00
--------------------------
241.00 0.00 105.00
01-170 MRS DONDREA LOMAS 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
635.00 0.00 0.00
--------------------------
635.00 0.00 0.00
01-172 MR Stuart Speckman 100.00 0.00 0.00
0.00 0.00 0.00
630.00 0.00 0.00
4
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RESIDENT CR # # 0 - 30
APT. NAME STATUS ST LT RTN DESCRIPTION TOTAL DUE PREPAID FUTURE DAYS
-----------------------------------------------------------------------------------------------------------------------------------
01-175 Ms Jill R. Thomas Current N 1 0 WASHER DRYER 45.00 0.00 0.00 45.00
---------------------------------------
45.00 0.00 0.00 45.00
01-176 MS. Teresa Womack Current N 1 0 LATE CHARGE 82.00 0.00 0.00 82.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 650.00 0.00 0.00 650.00
---------------------------------------
915.00 0.00 0.00 915.00
01-179 Tashenna Arthur Current N 0 0 BASE RENT -550.00 -550.00 0.00 0.00
---------------------------------------
-550.00 -550.00 0.00 0.00
01-184 Jacquelyn Martin Previous C 3 3 BREACH OF LEASE 550.00 0.00 0.00 550.00
Move out:7/1/2003 LATE CHARGE 104.00 0.00 0.00 0.00
LEGAL FEE 183.00 0.00 0.00 0.00
NSF CHECK FEE 70.00 0.00 0.00 0.00
BASE RENT 1,901.00 0.00 0.00 18.00
---------------------------------------
2,808.00 0.00 0.00 568.00
01-185 MS Yrma Levinshon Previous N 5 1 LATE CHARGE 52.00 0.00 0.00 0.00
Move out:7/5/2003 BASE RENT 1,873.00 0.00 0.00 630.00
---------------------------------------
1,925.00 0.00 0.00 630.00
01-185 Chris Chaney Leased N 0 0 BASE RENT 20.00 0.00 0.00 20.00
---------------------------------------
20.00 0.00 0.00 20.00
01-187 MS Chris Wallace ( ) -904 Current C 1 2 BASE RENT -20.00 -20.00 0.00 0.00
WASHER DRYER 40.00 0.00 0.00 40.00
---------------------------------------
20.00 -20.00 0.00 40.00
01-189 MR Genaro Sandoval (904) 374-2537 Previous N 1 0 BASE RENT 39.00 0.00 0.00 39.00
Move out:7/7/2003 SECURITY 0.00 0.00 0.00 0.00
---------------------------------------
39.00 0.00 0.00 39.00
01-193 Ms Christy Morris ( ) 379-6529 Current N 1 0 LATE CHARGE 154.00 0.00 0.00 154.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 550.00 0.00 0.00 550.00
---------------------------------------
887.00 0.00 0.00 887.00
01-194 MS Tasha M.Harrison ( ) 287-0471 Current N 0 0 BASE RENT -555.00 -555.00 0.00 0.00
---------------------------------------
-555.00 -555.00 0.00 0.00
01-202 MS Mulko Williams (904) 739-7395 Current N 2 0 BASE RENT -20.00 -20.00 0.00 0.00
---------------------------------------
-20.00 -20.00 0.00 0.00
01-205 Ms Jaynae D. Johnson ( ) 374-3028 Notice N 1 1 LATE CHARGE 85.00 0.00 0.00 85.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 595.00 0.00 0.00 595.00
WASHER DRYER 90.00 0.00 0.00 45.00
---------------------------------------
953.00 0.00 0.00 908.00
31-60 61-90 OVER 90
APT. NAME DAYS DAYS DAYS
--------------------------------------------------------
01-175 Ms Jill R. Thomas 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-176 MS. Teresa Womack 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-179 Tashenna Arthur 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-184 Jacquelyn Martin 0.00 0.00 0.00
0.00 0.00 104.00
0.00 0.00 183.00
0.00 0.00 70.00
550.00 0.00 1,333.00
--------------------------
550.00 0.00 1,690.00
01-185 MS Yrma Levinshon 0.00 0.00 52.00
630.00 0.00 613.00
--------------------------
630.00 0.00 665.00
01-185 Chris Chaney 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-187 MS Chris Wallace 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-189 MR Genaro Sandoval 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-193 Ms Christy Morris 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-194 MS Tasha M.Harrison 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-202 MS Mulko Williams 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-205 Ms Jaynae D. Johnson 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
45.00 0.00 0.00
--------------------------
45.00 0.00 0.00
5
[Enlarge/Download Table]
RESIDENT CR # # 0 - 30
APT. NAME STATUS ST LT RTN DESCRIPTION TOTAL DUE PREPAID FUTURE DAYS
-----------------------------------------------------------------------------------------------------------------------------------
01-207 MR John F. Breen Current N 0 0 BASE RENT -173.00 -173.00 0.00 0.00
---------------------------------------
-173.00 -173.00 0.00 0.00
01-209 David Johnson Current N 1 0 BASE RENT -551.00 0.00 0.00 -768.00
---------------------------------------
-551.00 0.00 0.00 -768.00
01-212 MS. LORRIE GIVENS Current N 1 0 BASE RENT 1.00 0.00 0.00 1.00
---------------------------------------
1.00 0.00 0.00 1.00
01-218 MR. Anthony Lodolce Current N 1 0 LATE CHARGE 0.00 0.00 0.00 0.00
BASE RENT -569.00 -500.00 -60.00 -9.00
WASHER DRYER 45.00 0.00 0.00 45.00
---------------------------------------
-524.00 -500.00 -60.00 36.00
01-223 Lisa M. MCALISTER Previous N 3 0 BREACH OF LEASE 645.00 0.00 0.00 0.00
Move Out:5/31/2003 LATE CHARGE 52.00 0.00 0.00 0.00
---------------------------------------
01-224 MRS. Cynthia Rodriguez (773) 220-6331 Current N 1 0 697.00 0.00 0.00 0.00
LATE CHARGE 4.00 0.00 0.00 4.00
---------------------------------------
4.00 0.00 0.00 4.00
01-226 Stephen Walker Current N 0 0 BASE RENT -9.00 -9.00 0.00 0.00
---------------------------------------
-9.00 -9.00 0.00 0.00
01-227 MS Miriam Wishart Previous N 0 0 BREACH OF LEASE 557.00 0.00 0.00 0.00
Move Out:6/1/2003 CONCESSION 635.00 0.00 0.00 0.00
---------------------------------------
1,192.00 0.00 0.00 0.00
01-227 Trinicia M. Logan Current N 0 1 LATE CHARGE 50.00 0.00 0.00 50.00
NSF CHECK FEE 35.00 0.00 0.00 35.00
BASE RENT 524.00 0.00 0.00 524.00
---------------------------------------
609.00 0.00 0.00 609.00
01-229 MS. Cerissa Thrift Current N 0 0 DAMAGES 75.00 0.00 75.00 0.00
---------------------------------------
75.00 0.00 75.00 0.00
01-230 MR. Micheal Robinson Current N 1 0 WASHER DRYER 45.00 0.00 0.00 45.00
---------------------------------------
45.00 0.00 0.00 45.00
01-236 MS Tonya E. Marquez ( ) 448-6987 Current N 0 1 BASE RENT -5.00 -5.00 0.00 0.00
---------------------------------------
-5.00 -5.00 0.00 0.00
01-239 MR Emilio V. Mejia (904) 997-6157 Previous N 4 0 BREACH OF LEASE 545.00 0.00 0.00 0.00
Move Out:5/29/2003 SECURITY 99.00 0.00 0.00 0.00
TERMINATION FEE 545.00 0.00 0.00 0.00
---------------------------------------
1,189.00 0.00 0.00 0.00
01-247 MR Mark Burgos ( ) 448-4648 Current N 1 0 BASE RENT -565.00 -565.00 0.00 0.00
---------------------------------------
-565.00 -565.00 0.00 0.00
31-60 61-90 OVER 90
APT. NAME DAYS DAYS DAYS
-------------------------------------------------------
01-207 MR John F. Breen 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-209 David Johnson 217.00 0.00 0.00
--------------------------
217.00 0.00 0.00
01-212 MS. LORRIE GIVENS 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-218 MR. Anthony Lodolce 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-223 Lisa M. MCALISTER 0.00 645.00 0.00
0.00 0.00 52.00
--------------------------
01-224 MRS. Cynthia Rodriguez 0.00 645.00 52.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-226 Stephen Walker 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-227 MS Miriam Wishart 557.00 0.00 0.00
635.00 0.00 0.00
--------------------------
1,192.00 0.00 0.00
01-227 Trinicia M. Logan 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-229 MS. Cerissa Thrift 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-230 MR. Micheal Robinson 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-236 MS Tonya E. Marquez 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-239 MR Emilio V. Mejia 0.00 545.00 0.00
0.00 99.00 0.00
0.00 545.00 0.00
--------------------------
0.00 1,189.00 0.00
01-247 MR Mark Burgos 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
6
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RESIDENT CR # # 0 - 30
APT. NAME STATUS ST LT RTN DESCRIPTION TOTAL DUE PREPAID FUTURE DAYS
-----------------------------------------------------------------------------------------------------------------------------------
01-248 MS Ana Cisneros Current 1 0 BASE RENT 231.00 0.00 0.00 231.00
---------------------------------------
231.00 0.00 0.00 231.00
01-252 MS Soklan Chan ( ) 737-0869 Previous N 1 0 BASE RENT 386.00 0.00 0.00 386.00
Move Out:7/6/2003
---------------------------------------
386.00 0.00 0.00 386.00
01-256 MR Alberto Milton (888) 976-1585 Current N 1 0 BASE RENT -1,635.00 -1,635.00 0.00 0.00
---------------------------------------
-1,635.00 -1,635.00 0.00 0.00
01-259 MR Adilson Matus Current N 1 0 LATE CHARGE 282.00 0.00 0.00 82.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 1,635.00 0.00 0.00 545.00
---------------------------------------
2,100.00 0.00 0.00 810.00
01-260 MR Robert Pharis ( ) 262-3176 Current N 0 0 BASE RENT -20.00 -20.00 0.00 0.00
---------------------------------------
-20.00 -20.00 0.00 0.00
01-271 MRS Joline Miller ( ) 993-7829 Current N 1 0 LATE CHARGE 82.00 0.00 0.00 82.00
LEGAL FEE 183.00 0.00 0.00 183.00
BASE RENT 675.00 0.00 0.00 675.00
---------------------------------------
940.00 0.00 0.00 940.00
01-275 Mr Tom R. Hawthorne ( ) 616-5951 Current N 1 0 MONTH TO MONTH 100.00 0.00 100.00 0.00
BASE RENT -10.00 -10.00 0.00 0.00
---------------------------------------
90.00 -10.00 100.00 0.00
01-297 MR. Corey Carrington Current N 1 0 BASE RENT 87.00 0.00 0.00 0.00
---------------------------------------
87.00 0.00 0.00 0.00
01-300 MR Carey L. Wyatt (859) 261-2628 Current N 1 0 LATE CHARGE 82.00 0.00 0.00 82.00
LEGAL FEE 210.00 0.00 0.00 210.00
BASE RENT 540.00 0.00 0.00 540.00
---------------------------------------
832.00 0.00 0.00 832.00
-----------------------------------------------------------------------------------------------------------------------------------
Property Total 30,341.50 -6,759.00 115.00 18,982.00
31-60 61-90 OVER 90
APT. NAME DAYS DAYS DAYS
--------------------------------------------------------
01-248 MS Ana Cisneros 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-252 MS Soklan Chan 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-256 MR Alberto Milton 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-259 MR Adilson Matus 100.00 0.00 100.00
0.00 0.00 0.00
545.00 0.00 545.00
--------------------------
645.00 0.00 645.00
01-260 MR Robert Pharis 0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-271 MRS Joline Miller 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-275 Mr Tom R. Hawthorne 0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
01-297 MR. Corey Carrington 87.00 0.00 0.00
--------------------------
87.00 0.00 0.00
01-300 MR Carey L. Wyatt 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
--------------------------
0.00 0.00 0.00
--------------------------------------------------------
Property Total 8,577.00 3,493.50 5,933.00
7
Aged Delinquency Summary
[Enlarge/Download Table]
TOTAL 0 - 30 31 - 60 61 - 90 OVER 90
DESCRIPTION DUE FUTURE DAYS DAYS DAYS DAYS
----------------------------------------------------------------------------------------------------------------------------------
BREACH OF LEASE 5,370.00 0.00 1,477.00 1,413.00 2,480.00 0.00
CONCESSION 1,201.00 0.00 566.00 635.00 0.00 0.00
DAMAGES 117.50 75.00 0.00 0.00 42.50 0.00
LATE CHARGE 3,023.00 0.00 1,713.00 500.00 42.00 768.00
LEGAL FEE 3,359.00 0.00 2,433.00 0.00 140.00 786.00
MONTH TO MONTH 800.00 100.00 300.00 200.00 0.00 200.00
NSF CHECK FEE 315.00 0.00 140.00 0.00 0.00 175.00
BASE RENT 21,631.00 -60.00 11,918.00 5,704.00 145.00 3,924.00
SECURITY 99.00 0.00 0.00 0.00 99.00 0.00
TERMINATION FEE 545.00 0.00 0.00 0.00 545.00 0.00
WASHER DRYER 640.00 0.00 435.00 125.00 0.00 80.00
---------------------------------------------------------------------------------------
37,100.50 115.00 18,982.00 8,577.00 3,493.50 5,933.00
---------------------------------------------------------------------------------------
Aged Prepaid Summary
[Download Table]
DESCRIPTION TOTAL DUE
-------------------------------------------------------
BASE RENT -6,759.00
------------
-6,759.00
------------
8
Summary By Apt. Status
[Enlarge/Download Table]
DESCRIPTION TOTAL APPLICANT CURRENT PREVIOUS
----------------------------------------------------------------------------------------------------
BREACH OF LEASE 5,370.00 0.00 0.00 5,370.00
CONCESSION 1,201.00 0.00 566.00 635.00
DAMAGES 117.50 0.00 75.00 42.50
LATE CHARGE 3,023.00 0.00 2,445.00 578.00
LEGAL FEE 3,359.00 0.00 2,643.00 716.00
MONTH TO MONTH 800.00 0.00 800.00 0.00
NSF CHECK FEE 315.00 0.00 140.00 175.00
BASE RENT 14,872.00 20.00 7,054.00 7,798.00
SECURITY 99.00 0.00 0.00 99.00
TERMINATION FEE 545.00 0.00 0.00 545.00
WASHER DRYER 640.00 0.00 640.00 0.00
---------------------------------------------------------
30,341.50 20.00 14,363.00 15,958.50
---------------------------------------------------------
9
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RESIDENT CR # # 0 - 30
APT. NAME STATUS ST LT RTN DESCRIPTION TOTAL DUE PREPAID FUTURE DAYS
-----------------------------------------------------------------------------------------------------------------------------------
GRAND TOTAL 30,341.50 -6,759.00 115.00 18,982.00
31-60 61-90 OVER 90
APT. NAME DAYS DAYS DAYS
-------------------------------------------------------
GRAND TOTAL 8,577.00 3,493.50 5.933.00
Bay Pointe
MANAGEMENT FEE CALCULATION
(Recalculated to deduct prepaid rents)
[Download Table]
RATE
0.035
----------
03-May Rents collected per closing 57,833.50
Less ppd rents -5,455.11
-----------
Collections subject to mgmt fee 52,378.39 1,833.24
03-Jun Rents collected 125,487.43
Plus other income 2,725.04
Plus/Minus dif in ppd rent -1,580.89
Less NSFs 0.00
-----------
Collections subject to mgmt fee 126,631.58 4,432.11
03-Jul Rents collected 126,501.00
Plus other income 2,057.97
Plus/Minus dif in ppd rent 277.00
Less NSFs -2,671.00
-----------
Collections subject to mgmt fee 126,164.97 4,415.77
TOTAL 10,681.12
G/L 20301 PREPAID RENTS-MONTHLY (INCR)/DECR
--------------------------------------------------------------------------------
05/01/2003 0.00
05/31/2003 -5,455.11 -5,455.11
06/30/2003 -7,036.00 -1,580.89
07/31/2003 -6,759.00 277.00
BC-Bainbridge Bay Pointe LLC
CASH FLOW CURRENT - CURRENT BALANCE
For the Period Ended July 31, 2003
[Download Table]
CURRENT PERIOD CURRENT
ACTIVITY BALANCE
ADJUSTMENTS
Wachovia Operating Account $ (1,310.09) $ 116,105.19
Wachovia Security Deposit 1,239.00 69,401.50
Real Estate Tax Escrow 21,267.66 95,704.51
Completion Escrow 598,424.00
Capital Improvements Escro 4,078,336.00
A/R. - Tenants 1,116.61 37,100.50
A/R. - NSF Checks (635.00) 1,185.00
A/R Oaks @ Timuquana (10,155.00)
to/from Property Mgmt (2,104.16)
Wachovia Operating Account (1,310.09) 116,105.19
Wachovia Security Deposit 1,239.00 69,401.50
Real Estate Tax Escrow 21,267.66 95,704.51
Completion Escrow 598,424.00
Capital Improvements Escro 4,078,336.00
--------------- ---------------
TOTAL ADJUSTMENTS $ 30,615.59 $ 9,954,227.90
INVESTMENT PROPERTY
Building $ 8,241,987.46
Land 3,000,000.00
Furniture, Fixtures & Equip 2,456.57 903,405.31
Loan Costs 170,465.37
Accum. Deprec. - Building (26,759.70) (53,519.40)
Accum. Amort - Loan Costs (2,029.35) (4,058.70)
Accum. Deprec - Furn/Fix/E (56,811.00) (113,442.00)
--------------- ---------------
TOTAL INVESTMENT PRPTY $ (83,143.48) $ 12,144,838.04
--------------- ---------------
TOTAL OTHER ASSETS $ (52,527.89) $ 22,099,065.94
--------------- ---------------
PREPAIDS
Utility Deposits $ 13,300.00
Prepaid Insurance (5,746.90) 5,748.20
--------------- ---------------
TOTAL PREPAID $ (5,746.90) $ 19,048.20
CURRENT LIABILITIES
rd Costs- Construction $ 11,413.72 $ 11,413.72
Accounts Payable 32,260.98 32,570.98
A/P - BC-Bainbridge LLC (11,495.10)
Accrued Expenses (17,183.40) 12,487.60
Accrued Property Taxes 15,418.00 79,253.51
Accrued Interest Payable (35,280.00)
Management Fee Payable (2,342.10) 4,169.51
A/P- Tenants (134.00)
A/P - Prior Owner 12,545.00
EXHIBIT B
EXECUTIVE PERSONNEL AND BUILDING MANAGER
Rick Giles - President, Property Management
Brian Cohen - Controller
Jennifer Hardiman - Asset Manager
Bay Pointe - Lori Meader, Property Manager
Oaks at Timuquana - Michele Kimpson
Spicewood Springs - Kris Squires
EXHIBIT C
REIMBURSABLE EMPLOYEE EXPENSE SCHEDULE
See Attached.
REIMBURSABLE EMPLOYEE EXPENSE SCHEDULE
[Enlarge/Download Table]
WAGES BONDED/COVERED
CHARGED TO UNDER
EMPLOYEE TITLE SALARY START DATE FT/PT PROPERTY CRIME INSURANCE
The Oaks Michele Kimpson Manager $ 38,000.00 7/13/03 FT 100% Yes
LeeAnn Galloway Assistant Property Manager $ 14.42 5/22/03 FT 100% Yes
Teana Myers Leasing Consultant $ 9.50 5/22/03 FT 100% Yes
Ramon DeClemente Maintenance Supervisor $ 15.00 5/22/03 FT 100% Yes
Warren Hodges Maintenance Assistant $ 10.50 7/9/03 FT 100% Yes
Fern Childs Groundskeeper $ 8.00 8/16/03 FT 100% Yes
BAY POINTE Lori Meader Manager $ 38,000.00 6/9/03 FT 100% Yes
Christina Colon Assistant Property Manager $ 11.50 5/22/03 FT 100% Yes
Lorell Fugh Leasing Consultant $ 9.00 5/22/03 FT 100% Yes
Kevin Parker Maintenance Supervisor $ 17.00 6/23/03 FT 100% Yes
Willie Williams Maintenance Assistant $ 12.00 7/14/03 FT 100% Yes
Edwin Walker Groundskeeper $ 8.00 7/14/03 FT 100% Yes
Open Groundskeeper FT 100% Yes
SPICEWOOD Anne (Kris) Squires Manager $ 42,000.00 6/5/03 FT 100% Yes
Heather Esquillin Assistant Property Manager $ 13.45 6/23/03 FT 100% Yes
Katonya Hardridge Leasing Consultant $ 8.42 5/30/03 FT 100% Yes
Darlena Shreve Leasing Consultant $ 10.00 7/2/03 FT 100% Yes
Open Leasing Consultant FT 100% Yes
Russel Henderson Maintenance Supervisor $ 17.00 6/11/03 FT 100% Yes
Robert Neubert Maintenance Technician $ 10.50 7/14/03 FT 100% Yes
Andre Haynes Groundskeeper $ 8.75 6/11/03 FT 100% Yes
Chris Martin Groundskeeper $ 9.00 6/23/03 FT 100% Yes
Daniel Robertson Groundskeeper $ 8.00 7/11/03 FT 100% Yes
EXHIBIT D
ANNUAL BUSINESS PLAN
See Attached.
BAY POINTE
MARKETING AND MANAGEMENT PLAN
MAY 8, 2003
PREPARED BY: THE BAINBRIDGE COMPANIES
TABLE OF CONTENTS
- MACRO MARKET
- MICRO MARKET
- COMPETITIVE SET
- OPERATING BUDGET
- MARKETING PLAN
- STAFFING PLAN
MACRO MARKET OVERVIEW
The Jacksonville economy has benefited in recent years from strong job growth,
and continues to display favorable trends, even as many other regions struggle
to emerge from the recent recession. The region's diverse industry base -
including a large military presence and low dependence on weak sectors such as
tourism and technology - has allowed it to avoid much of the negative economic
impact experienced in other areas. Through February, 2003 non-farm employment
was up 1.4% from 12 months earlier. Primary business sector concentrations
currently include transportation, retail, services and the military. Expansion
in the business and financial service industries has offset declines in trade
and transportation. Over the last five years companies expanding or relocating
to the area have created over 60,000 new jobs. Jacksonville is outgrowing 5 out
of 6 metropolitan areas in the United States, and is now the 44th largest metro
area in the country.
ECONOMIC CONDITIONS
- MSA. POPULATION OF 1.2 MILLION, A 21.4% INCREASE FROM 1990
- UNEMPLOYMENT OF 5.2% IS BELOW THE NATIONAL AVERAGE BY .60%
- TOTAL EMPLOYMENT OF OVER 400,000, AN INCREASE OF .43% OVER LAST YEAR
- MEDIAN SINGLE-FAMILY HOME PRICE $163,930
- HOME APPRECIATION 9.3%
- MEDIAN AGE 35
- PROJECTED ANNUAL EMPLOYMENT GROWTH 2.2%
- 2nd FASTEST GROWING CITY IN THE SOUTHEAST
- 8th FASTEST GROWING LARGE CITY IN THE UNITED STATES
- OFFICE VACANCY RATE 17%
- 11th RANKED JOB GROWTH MARKET IN THE UNITED STATES IN 2002 + .8%
- $6.1 BILLION ECONOMIC IMPACT DUE TO MILITARY PRESENCE
- 2005 SUPER BOWL ECONOMIC IMPACT - OVER $300 MILLION
MICRO MARKET VIEW
The Southside/Southeast Jacksonville sub market is among the strongest and most
vibrant in the Jacksonville area due to its central location and convenience to
employment centers, retail facilities, downtown, and the beaches. The Southside
sub market is home to numerous Fortune 500 firms, as there is over 8.5 million
square feet of high-end office space in the area with tenants such as Blue Cross
Blue Shield, Bank of America, Aetna, Merrill Lynch, American Express and GE
Capital.
Surrounding developments consist of a variety of uses including commercial,
single family residential and multi-family residential. The commercial area is
concentrated along major arteries such as Baymeadows Road and Phillips Highway.
The Southside is experiencing strong population, employment, and income growth.
The central location to nearby employment centers and recreational outlets makes
the area a highly desirable place to live.
LOCATIONAL FACTORS
- CLOSE PROXIMITY TO THE 1 MILLION SQUARE FOOT AVENUES MALL
- THE UNIVERSITY OF NORTH FLORIDA IS JUST EAST WITH OVER 13,000 STUDENTS.
- 10 MINUTES FROM MAYO CLINIC
- 8.5 MILLION SQUARE FEET OF HIGH END OFFICE SPACE LOCATED NEARBY
- THERE ARE TWO DEVELOPERS PROPOSING LUXURY MALLS IN THE SOUTHSIDE AREA,
BOTH ARE CURRENTLY IN THE PERMITTING PROCESS
COMPETITIVE SET ANALYSIS
The Jacksonville rental market remains strong as occupancy is at 94%, an
increase of over 1% from the previous year. In contrast to the downward national
trend, Jacksonville is among only 16 markets in the United States in which
demand has increased. In addition, Jacksonville is one of only 10 metro areas
that have experienced rent growth over the last 12 months in excess of 2%. Only
1,300 new units were delivered in 2002, and another 2,165 units are expected in
2003. Between 2004 and 2007, demand will continue to exceed supply.
Bay Pointe is located in the desirable Southside/Southeast Jacksonville sub
market. As a result of the repositioning of the property, the competition will
be located primarily along the Baymeadows Road corridor. In 2002 the sub market
outperformed even the strong overall Jacksonville market, as rental rates
increased by and additional 90 basis points. In addition the sub market exceeded
the occupancy level of the overall market by 1% last year. No new supply was
added to the inventory of the market during the past two years, and none is
anticipated this year or next.
The top competitors for Bay Pointe are River Reach, Baymeadows, and Deerbrook.
DEERBROOK - Built in 1986, Deerbrook consists of 144 units. This property
is positioned as a market leader in absolute rent terms as well as on a
rent per square foot basis, with rental rates between $200 and $300 higher
than those at Bay Pointe. Occupancy has been stable above 92% over the past
year.
BAYMEADOWS - Built in 1972, Baymeadows is a primary competitor of Bay
Pointe. The property consists of 904 units, averaging nearly 1,200 square
feet. Rental rates are between $30 and $50 higher than Bay Pointe,
enhancing upside rent growth opportunities.
RIVER REACH - Built in 1972, River Reach is also a primary competitor of
Bay Pointe. Consisting of 364 units, this property has achieved a
stabilized occupancy of 97%. Absolute rental rates are at least $100 higher
than those at Bay Pointe, also indicating that an opportunity exists to
reposition Bay Pointe.
OPERATING BUDGET
REVENUE:
[Download Table]
Market Rent Growth month 1 - month 12 16.40%
Annualized Loss to Lease 7.4%
Gross Potential Rent Growth month 1 - month 12 5%
Annualized Physical Occupancy 93.30%
Annualized Uncollected Rent/Bad Debt 1.3%
Annualized Economic Occupancy 88.53%
Concessions 2.5%
Gross revenue is budgeted to increase in year one by 10.81% over 2002, as the
property will undergo a complete renovation and be repositioned in the market.
Rental rates are projected to increase by approximately 16%. Value will be
enhanced as a result of a combination of exterior upgrades, interior renovation,
and improved property operations.
The exterior upgrades will have a significant impact on the marketability of the
community. Planned upgrades include:
- LANDSCAPE/GROUND IMPROVEMENTS
- INSTALLATION OF VINYL SIDING
- THE ADDITION OF POOL FURNITURE AND PARK BENCHES
- UPGRADES TO POOL AREA AND FENCE SURROUNDING THE AMENITY
These improvements will have a significant impact on demand, as the appearance
of the property will create a favorable first impression, due to the high degree
of visibility from Baymeadows Road.
It is likely that the improved curb appeal will result in increased demand. As
the exterior improvements stimulate demand, the interior renovation program will
result in a higher capture ratio. The high impact items included in the interior
upgrade scope are:
- ADDITIONAL LIGHT FIXTURE IN LIVING ROOM
- NEW CARPET
- REFINISHED KITCHEN CABINETS AND NEW COUNTERTOPS
- NEW APPLIANCES
- NEW BATHROOM VANITIES
- INSTALLATION OF WASHER/DRYERS IN KITCHENS
An average of 25 renovated units will be delivered per month. These units will
be absorbed within 30 days of being placed back in service.
The most critical element of the repositioning of the community is improved
property operations. A professional team of highly motivated individuals is
necessary to provide the level of customer service required as rental rates
increase. A significant opportunity exists to elevate the level of service at
the property. Essential components of improved customer service include:
- RESPONSIVE MAINTENANCE SERVICE
- STRONG RESIDENT RETENTION PROGRAMS
- EXTENDED OFFICE HOURS
- STAFF SALES TRAINING
- MANAGEMENT FOLLOW UP
As an incentive to provide exceptional customer service and achieve goals, a
bonus program will be implemented for the team. All incentive programs will be
related to property performance versus expectations.
EXPENSES
Total controllable operating expenses are budgeted to increase over 2002 by
3.16% primarily due to increased allocations to landscaping (16%) and payroll
(5%). These costs are projected to increase due to the repositioning of the
property as it relates to curb appeal and effective management. In year one it
will be necessary to maintain and market the community at a much higher level
than in previous years, which will result in increased rental rates and an
improved resident profile.
Non-controllable expenses are expected to increase by 13%, due to increased
property taxes (42%) associated with the assessed value post closing.
Additionally, insurance is expected to increase by 8%, as insurance costs have
risen dramatically over the last three years.
Total expenses are budgeted to increase by 6.54% in year one, however net
operating income is projected to increase by 15% in year one, as the property is
repositioned in the market. The property will be positioned to achieve
accelerated NOI growth in years 2 - 5 as a result of the operational/physical
improvements implemented in year one.
MARKETING PLAN
Due to the favorable location of the property, an effort to capture additional
drive by traffic by improving curb appeal will create increased demand. The
overall marketability of this property is driven primarily by the high
visibility location.
The following areas have been identified as key components to a successful
marketing campaign.
- OUTREACH PROGRAM FOCUSED ON RETAIL, ENTERTAINMENT, DINING, OFFICE, AND
MILITARY SECTORS. RELATIONSHIPS WITH THESE BUSINESSES WILL GENERATE
ADDITIONAL TRAFFIC TO THE PROPERTY. ($1,200 ANNUAL EXPENSE)
- STRONG INTERNET MARKETING PRESENCE THROUGH VARIOUS WEB SITES INCLUDING
Homestor.com AND Rentnet. ($2,400 ANNUAL EXPENSE)
- UTILIZATION OF PRINT ADVERTISING INCLUDING THE APARTMENT GUIDE AND FOR
RENT MAGAZINES. ($11,880 ANNUAL EXPENSE)
- LOCATOR/REALTOR COOPERATION INCLUDING OPEN HOUSES AND SPECIAL INCENTIVES
TO INTRODUCE THE NEW BAY POINTE. ($7,200 ANNUAL EXPENSE).
- BI-WEEKLY/MONTHLY RESIDENT AND PROSPECT SOCIAL FUNCTIONS. ($6,000 ANNUAL
EXPENSE)
- STRONG RESIDENT REFERRAL PROGRAM CONTINUALLY MARKETED TO EXISTING
RESIDENTS. ($7,200 ANNUAL EXPENSE)
- COMMUNITY INVOLVEMENT WILL RESULT IN A GENERAL AWARENESS OF THE PROPERTY
AND THE EXCELLENT LOCATION. THE ON SITE TEAM WILL SEEK OUT CITYWIDE
PROJECTS AND FUNDRAISING EVENTS TO ENHANCE THE VISIBILITY OF THE
PROPERTY WITHIN THE AREA.
- IMPROVED CUSTOMER SERVICE AND MAINTENANCE PROGRAMS WHICH WILL RESULT IN
INCREASED RESIDENT RETENTION.
PROPOSED STAFFING PLAN
[Download Table]
TITLE SALARY
----- ------
Property Manager $ 38,000
Assistant Manager 24,960
Leasing Consultant 20,800
Maintenance Supervisor 31,200
Maintenance Assistant 20,800
Service Technician 18,720
Groundskeeper 18,720
---------------------------------------------------------------
Total Salaries $ 173,200
2003/2004 MARKETING AND MANAGEMENT PLAN
ASSUMPTIONS
BAY POINTE
RENTAL RATES
The current market rental rates at Bay Pointe are:
[Download Table]
ILLEGIBLE
Bd 1,107 square feet 650
ILLEGIBLE
Note: Total market rental rates budgeted for June of 2003 match those reflected
on the March rent roll provided by the prior owner.
Market rental rates for all unit types are budgeted to increase by $5 during the
months of June, July, August, November, February, and May. The total rental
increase from month 1 to month 12 is 15.64% (see Market Rent Schedule page of
budget). The renovated units being absorbed at the new rates will result in the
projected rent growth.
Renovated units will be delivered based upon the following schedule:
[Download Table]
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL
25 25 30 30 30 26 23 ?? 26 14 27 27
The rental rates will be increased by $87 as units are placed back into service.
Approximately 40% of the projected increase will be a result of the addition of
washers and dryers. (See Rehab Schedule of budget.) During the months of June,
July, and August, non-renovated units will be offered for lease in an effort to
boost occupancy until renovated units are delivered in August or September. All
new leases on non-renovated units will not expire later than May of 2004. This
strategy will position the property to withstand a slight drop in occupancy as
units are placed with construction to be renovated.
OCCUPANCY PROJECTION
The occupancy level at the property is projected to increase as scheduled
improvements begin to impact the marketability of the property. During the
period between June and September, an average of 28 new residents will move into
the property. Occupancy is budgeted to stabilize at 94% in December. The
projected occupancy over the 12-month period is:
[Download Table]
JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
85.3 85.3 90.3 92 93.3 93.3 94.7 95 91 96 96 96
CONCESSION STRATEGY
During the renovation period, concessions will be offered as the property will
be marketed at a higher rent schedule. The concession program will be structured
in a manner that will maximize leasing velocity during the renovation of the
property. A concession of one-month free will be offered to 75% of the new
leases for the months of June through November. Concessions will be reduced to
25% of the new leases for the months of December through April. (See Discounts
page of budget.)
BAD DEBT
Due to the declining condition of the property and the deferral of necessary
maintenance, the resident profile has deteriorated over the last few years. As a
result, bad debt is initially expected to exceed normal levels at 1.70% of gross
rent potential. Delinquent rents should level off at a normalized .50% by May of
2004. An aggressive collection/eviction policy has been implemented which may
contribute to increased bad debt during the third quarter.
RENEWAL PROGRAM
Renewal terms will be offered to residents in non-renovated units during June,
July, and August. Renewals secured during this time will expire not later than
May of 2004. The lease expiration pattern will be managed to not more than 10%
exposure during any given month. Renewal rates for non-renovated units are
budgeted at 1-2% below the market rent. Residents may also choose to continue
their lease on a month-to-month basis until renovated units are delivered,
however, not more than 10% of the leases may be month-to-month at any given
time. The month-to-month rental rate will equal the non-renovated market rate,
plus 10%. An aggressive program to market renovated units to existing residents
will be implemented as the first renovated units are delivered. A total of
30-35% are budgeted to renew leases on non-renovated units or accept
month-to-month lease terms.
MILITARY DISCOUNT PROGRAM
The initial marketing plan for the property did not include a military discount
program. Over the least six weeks, it has been determined that the lack of a
discount as incentive to lease for military personnel may put the property at a
competitive disadvantage. In an effort to stay competitive in the market, a
discount of 5% will be offered to military personnel. Not more than 15% of the
units will be made available to be included in this program. The overall
economic impact of this program is expected to reduce revenue by less than 1%
annually.
Bainbridge
Bay Pointe
RENTAL RATE COMPARISON BY PROPERTY
May 2003
[Enlarge/Download Table]
PERCENT
OCC. NUMBER OF UNIT SQUARE RENT/
PROPERTY NAME YEAR BUILT % UNITS TOTAL TYPE FOOTAGE RENT SQ.FT
-------------------------------------------------------------------------------------------------
Bay Pointe 1972 85% 120 40.00% 1/1 765 $ 550 $0.72
Bay Pointe 180 60.00% 2/1 1,109 $ 640 $0.58
TOTAL/AVERAGE: 300 100.00% 971 604 $0.62
Deerbrook 1986 96% 12 8.33% 1/1.5 875 $ 785 $0.90
Deerbrook 18 12.50% 2/2 1204 $ 919 $0.76
Deerbrook 8 5.56% 2/2 1207 $ 919 $0.76
Deerbrook 12 8.33% 2/2 1298 $ 940 $0.72
Deerbrook 40 27.78% 2/2.5 1326 $ 950 $0.72
Deerbrook 42 29.17% 2/2.5 1356 $ 950 $0.70
Deerbrook 12 8.33% 3/3 1566 $1,120 $0.72
TOTAL/AVERAGE: 144 100.00% 1,293 944 $0.73
Baymeadows 1972 96% 24 2.65% Eff 586 $ 539 $0.92
Baymeadows 142 15.71% 1/1 724 $ 569 $0.79
Baymeadows 60 6.64% 1/1 797 $ 599 $0.75
Baymeadows 26 2.88% 1/1 1009 $ 669 $0.66
Baymeadows 48 5.31% 2/1 1084 $ 679 $0.63
Baymeadows 19 2.10% 2/2 1068 $ 769 $0.72
Baymeadows 186 20.58% 2/2 1162 $ 699 $0.60
Baymeadows 176 19.47% 2/2 1326 $ 799 $0.60
Baymeadows 22 2.43% 2/2.5 1467 $ 829 $0.57
Baymeadows 16 1.77% 3/2 1477 $ 879 $0.60
Baymeadows 58 6.42% 3/2 1583 $ 889 $0.56
Baymeadows 30 3.32% 3/2.5 1631 $ 919 $0.56
Baymeadows 74 8.19% 3/2.5 1698 $ 929 $0.55
Baymeadows 23 2.54% 4/2 2132 $1,109 $0.52
TOTAL/AVERAGE: 904 100.00% 1,199 742 $0.62
River Reach 1972 97% 132 36.26% 1/1 1080 $ 659 $0.61
River Reach 24 6.59% 1/1 1100 $ 729 $0.66
River Reach 42 11.54% 2/2 1200 $ 789 $0.66
River Reach 48 13.19% 2/2 1250 $ 819 $0.66
River Reach 64 17.58% 2/2 1450 $ 829 $0.57
River Reach 12 3.30% 3/2 1550 $ 989 $0.64
River Reach 42 11.54% 3/2 1575 $ 989 $0.63
TOTAL/AVERAGE: 364 100.00% 1,255 779 $0.62
EXHIBIT E
LIST OF SERVICE CONTRACTS
See Attached.
SERVICE CONTRACTS
[Enlarge/Download Table]
CONTRACT SERVICE NATURE OF LENGTH OF ECONOMIC
DATE PROVIDER SERVICE CONTRACT TERMS(1)
BAY POINTE
2/1/02 Heald Laundries Laundry Lease 7 Years See Contract
11/4/98 Bell South Telephone 5 Years See Contract
11/12/97 MediaOne Cable 10 Years See Contract
8/1/00 BFI Trash Removal 18 Months $1,430.07/month
5/1/02 Nanak's Landscaping Landscaping Services 1 Year $3,084/month
8/1/02 A Greener Image, Inc. Landscaping Services 1 Year Turf Program $970 in March,
June, August & November.
Shrub Program $627 in March
& November; $237 in June &
August
12/20/02 Homestore.com Internet Advertising 1 Year $231.80/month
12/27/02 Apartments.com Internet Advertising 1 Year $24.??/month (approximate
pro-rated amount)
OAKS OF TIMUQUARA
1/30/00 Heald Laundries Laundry Lease 7 Years See Contract
11/4/9? Bell South Telephone 5 Years See Contract
11/12/97 MediaOne Cable 10 Years See Contract
10/8/01 Copytronics Copler Rental 3 Years $339/month plus $.019
for additional copies
9/1/02 Valley Crest Landscape 1 Year $1,500/month
12/31/01 Apartment Fire Fire Equipment Service $788/annually
Extinguisher Services, Inc.
8/1/00 BFI Trash Removal 16 Months $1,257/month
2/1/99 Weeks Utility Services Environmental Consulting 1 Year $35/month
8/5/02 Turner Pest Control Pest Control 1 Year $3,450/annually
8/1/02 Crown Pest Control Pest Control 1 Year $228/monthly
ADT Security Services $3205/month
8/1/02 A Greener Image, Inc. Landscape Services 1 Year Turf Program ???? in March
& November; ???? in June &
August. Shrub program $294
in March & November; $164
in June & August.
10/24/97 Scott Alarm Security Services 3 Years $31.80/month
12/18/02 Homestore.com Internet Advertising 1 Year $1,031/month
SPICEWOOD SPRINGS
5/1/02 Nanaks Landscape 1 Year $5,120/month
2/1/03 Crown Pest Control Pest Control 1 Year $401/month
3/1/03 BFI Trash Removal 3 Years $85/haul, $31/ton plus 12% franchise fee.
Commercial Chemical Pool Chemical Verbal Agreement - no contract
available.
1/1/02 Greater Jacksonville Apartment Guide 1 Year $420/month
Apartment Guide
12/1?/9? Coinmach Laundry Equipment 10 Years See Contract
3/12/9? Office Copier Maintenance 13 Months $520/month plus $.015/per
copy of 28,000 copies.
8/19/9? Estate Management Services Lake Maintenance 1 Year $90/month
Allsafe Paging Pagers 36 Months See Contract
8/16/02 Apartments.com Internet Advertising See Contract
8/2?/01 Resident Update Newsletters 1 Year See Contract
10/31/97 BellSouth Telephone 7 Years See Contract
8/12/9? Comcast Cable 7 Years See Contract
(1) See contract for specific details of economic terms.
EXHIBIT F
AFFILIATES OF MANAGER
Bainbridge Wellington Green Limited Partnership
Bainbridge Presidential Towers Limited Partnership
Fairview Forest Apartments, LLC
Bainbridge Vero, LLLP
Each of the foregoing entities owns a rental apartment property within the State
of Florida and is an Affiliate of the Manager. There are numerous other entities
which are Affiliates of Manager, but all of those other entities either has an
ownership interest in or a contractual relationship with the foregoing entities.
EXHIBIT G
COMPETING PROPERTY IN WHICH MANAGER HAS AN INTEREST
Bay Pointe
4500 Baymeadows Road
Jacksonville, FL 32217
Oaks at Timuquana
6017 Roosevelt Boulevard
Jacksonville, FL 32244
Spicewood Springs
445 Monument Road
Jacksonville, FL 32225
EXHIBIT G-1
MANAGER'S OTHER PROPERTIES
2501 Ocean Drive
2501 S. Ocean Drive
Hollywood, FL 33019
The Estates at Wellington Green
2301 Wellington Green Drive
Wellington, FL 33414
Dates Referenced Herein
| Referenced-On Page |
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This ‘S-11/A’ Filing | | Date | | First | | Last | | | Other Filings |
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| | |
Filed on: | | 4/9/04 | | | | | | | None on these Dates |
| | 7/31/03 | | 11 | | 53 |
| | 5/8/03 | | 58 |
| List all Filings |
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