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Boston Capital Real Estate Investment Trust Inc – ‘S-11/A’ on 4/9/04 – EX-10.14

On:  Friday, 4/9/04, at 12:13pm ET   ·   Accession #:  1047469-4-11470   ·   File #:  333-108426

Previous ‘S-11’:  ‘S-11/A’ on 12/22/03   ·   Next:  ‘S-11/A’ on 9/10/04   ·   Latest:  ‘S-11/A’ on 4/7/06

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/09/04  Boston Capital REIT Inc           S-11/A                33:1.8M                                   Merrill Corp/New/FA

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 


EX-10.14   —   Material Contract
Exhibit Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
3Table of Contents
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Exhibit 10.14 EXHIBIT A REPORTING PACKAGE See Attached.
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The Bainbridge Companies BC-Bainbridge Bay Pointe LLC JULY 2003 FINANCIAL REPORTS
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TABLE OF CONTENTS BAY POINTE [Download Table] 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
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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
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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
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BCP MARKET SURVEY Project : Bay Pointe May-03 Location: Jacksonville, FL [Enlarge/Download Table] 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
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BAY POINTE BUDGET VARIANCE REPORT JULY 2003 REVENUE TOTAL RENTAL INCOME [Download Table] 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 [Download Table] 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 [Download Table] 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 [Download Table] 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
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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 [Download Table] 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 [Download Table] 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 [Download Table] 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 [Download Table] 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
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INSURANCE AND TAXES [Download Table] 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 [Download Table] 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 [Download Table] 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 [Download Table] 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 [Download Table] 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
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MARKETING AND ADVERTISING [Download Table] 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
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BC-Bainbridge Bay Pointe LLC Balance Sheet July 31, 2003 [Download Table] 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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[Download Table] 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 ----------------
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BC-Bainbridge Bay Pointe LLC Income Statement For the Period Ended July 31, 2003 [Enlarge/Download Table] 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) --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- TOTAL OTHER INCOME $ 9,297.89 5.56 $ 15,501.52 3.95 --------------- ---------- --------------- ---------- TOTAL REVENUE $ 167,315.39 100.00 $ 392,066.20 100.00 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- TOTAL UTILITIES $ 13,659.84 8.16 $ 24,494.91 6.25 Confidential: For Internal Use Only
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[Enlarge/Download Table] CURRENT YTD ACTIVITY % NET % HVAC HVAC Repairs & Maintenance $ 2,835.42 1.69 $ 3,590.51 .92 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- 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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[Enlarge/Download Table] CURRENT YTD ACTIVITY % NET % --------------- ---------- --------------- ---------- Washer & Dryer Rental Expens $ 1,567.84 .94 $ 1,567.84 .40 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- 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 --------------- ---------- --------------- ---------- TOTAL OFFICE EXPENSES $ 1,904.95 1.14 $ 3,280.46 .84 --------------- ---------- --------------- ---------- CORPORATE MODEL & UNITS TOTAL CORP MDL & UNIT POOL & TENNIS COURTS Pool Maintenance & Supplies $ 671.41 .40 $ 1,197.45 .31 --------------- ---------- --------------- ---------- TOTAL POOL & TENNIS $ 671.41 .40 $ 1,197.45 .31
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[Enlarge/Download Table] 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) --------------- ---------- --------------- ----------
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BC-Bainbridge Bay Pointe LLC Income Statement Budget Comparison For the Period Ended July 31, 2003 [Enlarge/Download Table] 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?.??)
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[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) --------------- --------------- --------------- ---------------
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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
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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
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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
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4 [Enlarge/Download Table] 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
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5 [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 - 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
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6 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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)
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7 [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 - 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
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8 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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9 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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10 [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 - 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
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11 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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12 [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 - 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
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13 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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14 [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 - 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
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15 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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16 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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17 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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18 [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 - 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
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19 [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 - 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
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20 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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21 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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22 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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23 [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 ------------------------------------------------------------------------------------------------------------------------------------ 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
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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
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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
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2 [Enlarge/Download Table] 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
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3 [Enlarge/Download Table] 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
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4 [Enlarge/Download Table] 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
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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
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6 [Enlarge/Download Table] 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
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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 ------------
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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 ---------------------------------------------------------
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9 [Enlarge/Download Table] 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
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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
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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
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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
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EXHIBIT C REIMBURSABLE EMPLOYEE EXPENSE SCHEDULE See Attached.
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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
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EXHIBIT D ANNUAL BUSINESS PLAN See Attached.
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BAY POINTE MARKETING AND MANAGEMENT PLAN MAY 8, 2003 PREPARED BY: THE BAINBRIDGE COMPANIES
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TABLE OF CONTENTS - MACRO MARKET - MICRO MARKET - COMPETITIVE SET - OPERATING BUDGET - MARKETING PLAN - STAFFING PLAN
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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.
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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.
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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.
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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.
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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
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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.)
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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.
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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
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EXHIBIT E LIST OF SERVICE CONTRACTS See Attached.
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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.
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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.
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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
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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

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5/8/0358
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