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8/14/2019 February Courtney Downs
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USA Courtney Downs LeaseCo, LLCBalance Sheet
Books = AccrualFeb 2008
SETS
8,326.940.00
$8,326.94
vable (502.00)
es 48,167.14312,964.74
eserves 62,677.04 Escrow 200,000.00
sets 623,306.92
631,633.86
S & CAPITAL
le - Trade 160,620.18
Payable 828,060.05412,903.2615,563.77
ts 41,812.0944,930.83
1,503,890.18
100.00gs (872,356.32)
(872,256.32)
ES & CAPITAL 631,633.86
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USA Courtney Downs LeaseCo, LLCBudget Comparison
#REF!For the period ending February 29, 2008
#NAME? #NAME? YTD YTD
Actual Budget $ Variance MTD Variance Comment Actual Budget
294,410.00 294,410.00 0.00 588,820.00 588,820.00787.00 10,940.00 (10,153.00) 3,629.00 21,187.00
295,197.00 305,350.00 (10,153.00) Explained above. 592,449.00 610,007.00
s 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
(13,515.14) (27,074.00) 13,558.86 (28,494.50) (55,869.00)
(434.48) (6,000.00) 5,565.52 (424.48) (12,000.00)
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
(4,730.58) (1,534.00) (3,196.58) Due to two evictions and one skip. (16,214.18) (3,041.00)
(1,980.00) (1,980.00) 0.00 (3,960.00) (3,960.00)0.00 0.00 0.00 0.00 0.00(1,934.80) (1,935.00) 0.20 (3,869.60) (3,870.00)
nce Fe 0.00 0.00 0.00 0.00 0.00(1,160.00) (1,160.00) 0.00 (365.00) (2,320.00)(7,711.00) (15,707.00) 7,996.00 (17,790.23) (33,500.00)
ncome 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
$263,731.00 $249,960.00 $13,771.00 Explained above. $521,331.01 $495,447.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
2,778.95 1,463.00 1,315.95 4,873.99 2,926.00
666.00 750.00 (84.00) 1,121.00 1,050.001,270.00 720.00 550.00 2,487.74 1,400.00
s 0.00 0.00 0.00 0.00 0.001,500.00 1,323.00 177.00 3,300.00 2,499.00
es 2,500.00 0.00 2,500.00 7,590.00 0.00
1,318.85 200.00 1,118.85 2,055.25 800.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 3,489.004,806.71 3,360.00 1,446.71 8,177.68 6,720.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
7,091.17 6,790.00 301.17 14,111.00 13,580.000.00 0.00 0.00 0.00 0.00
3,113.37 475.00 2,638.37 3,113.37 950.00
per 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 300.00 (300.00) 0.00 600.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.003,150.00 2,100.00 1,050.00 7,200.00 3,920.00
5,608.70 2,400.00 3,208.70 7,209.04 4,800.00
400.00 375.00 25.00 800.00 875.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
ns 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
34,203.75 20,256.00 13,947.75 Explained above. 62,039.07 43,609.00
$297,934.75 $270,216.00 $27,718.75 Explained above. $583,370.08 $539,056.00
Variance reflects Market rent verseslease rents.
Actual vacancy is at 4.5% andbudgeted is at 9%.
Only a few look and leases wereoffered due to higher occupancy.
We have been able to reduce theamount of concessions offered tohigher occupancy.
28 late fees collected and four nsffees, verses 19 budgeted
Rented more storage units thenanticipated in the budget.
30 application fees collected, verses15 budgeted.
#4208 buyout of lease due to gettingdivorced.
This includes 16 credit card fees, 16utility transfer fees and one transfer onsite fee.
This includes nine new non refundablepet fees at $300 each.
This includes a revenue share checkfrom Oct, Nov and Dec.
21 administration fees collected,verses 15 budgeted.
Apartments left in bad condition at thetime of move out resulting in morecharges and 15 payments made onpast due bills.
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11,618.56 12,689.00 1,070.44 Based on actual payroll cost. 23,413.84 25,378.00
0.00 0.00 0.00 0.00 0.0011,172.74 11,403.00 230.26 23,974.42 22,806.00
0.00 0.00 0.00 0.00 0.00
3,807.35 3,425.00 (382.35) 8,524.35 6,430.00
0.00 0.00 0.00 0.00 0.001,490.46 1,720.00 229.54 2,980.92 3,440.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 1,000.00 1,000.00 No extra help needed for this month. 21.23 2,000.00
0.00 0.00 0.00 0.00 0.00
28,089.11 30,237.00 2,147.89 Explained above. 58,914.76 60,054.00
es 0.00 850.00 850.00 1,040.43 1,700.001,200.38 743.00 (457.38) Waiting on credit for new phones. 2,412.01 1,486.00
56.83 98.00 41.17 182.66 196.00
196.82 211.00 14.18 485.48 422.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
s 84.00 114.00 30.00 121.00 228.000.00 0.00 0.00 0.00 0.00
65.00 350.00 285.00 Grace Hill training expense. 139.64 700.00
0.00 0.00 0.00 0.00 0.00
0.00 38.00 38.00 No expense for this month. 0.00 76.00
0.00 0.00 0.00 0.00 0.00561.00 324.00 (237.00) 942.95 612.00
668.32 550.00 (118.32) 1,168.09 1,150.000.00 0.00 0.00 0.00 0.00
2,832.35 3,278.00 445.65 Explained above. 6,492.26 6,570.00
1,961.49 3,500.00 1,538.51 3,012.49 11,000.00
80.84 400.00 319.16 No party planned for this month. 340.75 900.00
2,591.50 1,446.00 (1,145.50) 6,561.31 2,169.00
250.00 500.00 250.00 500.00 1,000.00
4,883.83 5,846.00 962.17 10,414.55 15,069.00
165.10 225.00 59.90 190.22 432.00
We had a few hours of overtime due tosnow removal.
We have less participants for ourinsurance program then what wasanticipated in the budget.
We had 35 credit checks run for thismonth, verses 15 budgeted for.
Savings due to dropping ApartmentGuide subscription.
Seven locators used versus fourbudgeted.
One referral used, cut the cost ofreferrals at the beginning of the year to$250.
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2,565.00 2,859.00 294.00 Based on actual expense. 5,390.00 5,718.00
120.00 1,038.00 918.00 440.00 1,993.00
0.00 270.00 270.00 356.36 540.000.00 0.00 0.00 0.00 0.000.00 85.00 85.00 0.00 170.00
323.00 417.00 94.00 373.00 834.00
0.00 0.00 0.00 0.00 0.00
230.41 158.00 (72.41) 281.29 316.003,403.51 5,052.00 1,648.49 7,030.87 10,003.00
pplies 241.89 689.00 447.11 789.92 1,288.0052.85 100.00 47.15 52.85 300.00
47.36 120.00 72.64 333.56 240.000.00 50.00 50.00 252.62 90.000.00 0.00 0.00 0.00 0.00
169.88 100.00 (69.88) 169.88 200.000.00 10.00 10.00 0.00 20.000.00 0.00 0.00 0.00 260.00
514.57 300.00 (214.57) 787.62 600.00
1.92 120.00 118.08 28.65 240.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.003,232.75 450.00 (2,782.75) 3,248.95 900.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
4,261.22 1,939.00 (2,322.22) 5,664.05 4,138.00
0.00 0.00 0.00 0.00 0.00731.92 755.00 23.08 1,287.65 1,510.00
153.00 205.00 52.00 239.00 410.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
330.66 3,500.00 3,169.34 One trip of snow removal needed. 6,396.86 7,000.00
1,215.58 4,460.00 3,244.42 7,923.51 8,920.00
0.00 0.00 0.00 0.00 0.00ewer 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00s 0.00 0.00 0.00 0.00 0.00emov 0.00 0.00 0.00 0.00 0.00g Svc 0.00 0.00 0.00 0.00 0.00ance 0.00 0.00 0.00 0.00 0.00
ce 0.00 0.00 0.00 0.00 0.00
es 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
11,917.39 10,809.00 (1,108.39) Based on % of collections. 23,277.95 21,563.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
(901.34) 200.00 1,101.34 263.56 600.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
ses 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
Less carpets cleaned due to moreneeding replacement.
Refinishing of counter top in apartment#9210.
More parts ordered then anticipated inthe budget.
Replacement of two new batteries inbuilding 17 as well as a new fire panelfor building one.
This includes an accrual of $1,623 forthe month of February.
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11,016.05 11,009.00 (7.05) 23,541.51 22,163.00
3,457.01 3,250.00 (207.01) 7,497.15 6,500.000.00 0.00 0.00 0.00 0.00
3,487.42 1,967.00 (1,520.42) 7,296.30 3,934.00
16,771.41 20,000.00 3,228.59 30,307.68 40,000.00
Reim (9,812.59) (13,600.00) (3,787.41) (26,059.76) (27,200.00)
0.00 0.00 0.00 74.35 0.00ement 0.00 0.00 0.00 0.00 0.00
(2,206.42) (2,400.00) (193.58) (4,506.56) (4,800.00)ment 0.00 0.00 0.00 0.00 0.00
886.14 1,415.00 528.86 Occupancy higher than budgeted. 2,326.00 2,920.00
811.79 849.00 37.21 1,373.57 1,752.00
as 0.00 0.00 0.00 0.00 0.0013,394.76 11,481.00 (1,913.76) Explained above. 18,308.73 23,106.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.001,059.00 0.00 (1,059.00) 2008 entity compliance fees assessed. 1,896.50 0.00
362.44 0.00 (362.44) Actual credit card fees charged. 940.55 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
1,421.44 0.00 (1,421.44) Explained above. 2,837.05 0.00
30,188.47 30,188.00 (0.47) 60,376.94 60,376.000.00 0.00 0.00 0.00 0.00
4,815.99 4,850.00 34.01 9,656.46 9,700.000.00 57.00 57.00 0.00 114.000.00 0.00 0.00 0.00 0.00
35,004.46 35,095.00 90.54 70,033.40 70,190.00105,522.31 108,397.00 2,874.69 211,160.69 220,213.00192,412.44 161,819.00 30,593.44 372,209.39 318,843.00
ent 106,586.67 106,587.00 0.33 213,173.34 213,174.00ment 0.00 0.00 0.00 0.00 0.00
86,666.71 86,667.00 0.29 173,333.42 173,334.000.00 0.00 0.00 0.00 0.00
193,253.38 193,254.00 0.62 386,506.76 386,508.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00es 0.00 0.00 0.00 0.00 0.00
237.43 200.00 (37.43) 755.93 400.00101.53 0.00 (101.53) 101.53 0.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.001,000.00 1,000.00 0.00 2,000.00 2,000.003,200.00 3,250.00 50.00 6,400.00 6,500.00
Costs 0.00 0.00 0.00 0.00 0.004,538.96 4,450.00 (88.96) 9,257.46 8,900.00
0.00 0.00 0.00 1,993.00 0.000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00nt 2,700.47 5,000.00 2,299.53 5,398.79 10,000.00
0.00 0.00 0.00 0.00 0.000.00 259.00 259.00 0.00 259.000.00 0.00 0.00 296.29 339.000.00 0.00 0.00 0.00 0.00
Based on actual expense, higher dueto the cold weather.
Savings due to Arapahoe Countyunderestimating actual water billingusage.
Many residents disputing errors fromArapahoe County water readings andnot paying the correct amount at thistime.
We replaced three carpets and hadfour budgeted.
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s 202.76 2,139.00 1,936.24 4,948.79 2,139.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.002,903.23 7,398.00 4,494.77 12,636.87 12,737.00
0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00
(8,283.13) (43,283.00) 34,999.87 (36,191.70) (89,302.00)
0.00 0.00 0.00 0.00 0.00(8,283.13) (43,283.00) 34,999.87 (36,191.70) (89,302.00)
Savings due not replacing treadmill atthis time.
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nnual
udget YTD Variance Comment Filter0.01
587,640.00 1,766,460.0074,283.00 36,543.00
661,923.00 1,803,003.00
0.00 0.00
0.00 0.00253,425.00) (124,952.64)
(42,000.00) (18,858.96)
0.00 0.000.00 0.00
(18,910.00) (25,519.76)
(23,760.00) (11,880.00)0.00 0.00(23,220.00) (11,609.40)
0.00 0.00(13,920.00) (5,005.00)
205,887.00) (74,708.23)
0.00 0.000.00 0.000.00 0.000.00 0.00
080,801.00 1,530,469.01
1.000.00 0.000.00 0.00
0.00 0.0021,791.00 12,041.94
9,450.00 3,587.0011,120.00 5,877.74
0.00 0.0019,796.00 8,622.00
13,500.00 10,090.00
8,000.00 4,374.10
0.00 0.00
3,489.00 3,489.0041,160.00 23,064.39
0.00 0.000.00 0.000.00 0.000.00 0.00
81,480.00 41,572.170.00 0.00
5,700.00 7,651.74
0.00 0.000.00 0.00
4,100.00 900.000.00 0.00
0.00 0.000.00 0.0033,880.00 16,370.00
30,000.00 20,017.74
6,625.00 2,450.000.00 0.000.00 0.00
0.00 0.000.00 0.000.00 0.000.00 0.000.00 0.00
0.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.00
290,091.00 160,107.82
1.00370,892.00 1,690,576.83
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1.00
1.00154,548.00 73,099.40
0.00 0.00138,888.00 69,356.16
0.00 0.00
46,633.00 22,186.70
0.00 0.0020,640.00 9,631.38
0.00 0.000.00 0.00
5,000.00 3,021.23
0.00 0.00
365,709.00 177,294.87
1.0010,200.00 3,590.438,916.00 5,841.39
1,176.00 533.49
2,532.00 1,315.300.00 0.000.00 0.00
1,368.00 547.000.00 0.00
4,150.00 1,254.64
0.00 0.00
456.00 114.00
0.00 0.004,848.00 2,439.95
6,450.00 3,536.410.00 0.00
40,096.00 19,172.61
1.0044,000.00 19,473.98
5,400.00 1,721.59
16,070.00 12,767.81
5,500.00 2,250.00
70,970.00 36,213.38
1.004,217.00 1,012.32
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34,308.00 16,532.00
19,446.00 3,591.00
3,240.00 1,166.360.00 0.00
1,020.00 255.00
5,004.00 1,947.00
0.00 0.00
1,896.00 985.7069,131.00 25,489.38
1.00
8,611.00 3,008.812,300.00 505.70
1,440.00 740.92540.00 392.62
3,000.00 0.004,200.00 639.76
150.00 30.001,820.00 260.00
3,600.00 2,202.19
1,400.00 390.57355.00 0.00600.00 0.00
0.00 0.0014,555.00 7,831.70
0.00 0.000.00 0.000.00 0.00
42,571.00 16,002.271.00
29,581.00 0.009,060.00 4,284.57
2,760.00 1,007.00
2,775.00 0.000.00 0.000.00 0.000.00 0.00
19,500.00 17,227.52
63,676.00 22,519.091.00
0.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.00
0.00 0.00
0.00 0.000.00 0.00
0.00134,836.00 67,567.34
0.00 0.000.00 0.00
2,800.00 162.22
0.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.00
0.00 0.000.00 0.00
3,060.00 0.000.00 0.000.00 0.00
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140,696.00 67,729.56
1.0040,500.00 20,704.16
0.00 0.0023,604.00 16,684.72
240,000.00 107,079.09
(163,200.00) (76,672.35)
37,400.00 74.350.00 0.00
(25,696.00) (13,912.98)0.00 0.00
12,108.00 7,547.14
7,837.00 13,039.00
0.00 0.00172,553.00 66,290.49
1.000.00 0.00
0.00 0.000.00 2,955.50
0.00 1,302.99
0.00 0.000.00 0.00
0.00 0.000.00 0.000.00 0.00
0.00 0.000.00 0.00
0.00 0.000.00 0.000.00 0.00
0.00 4,258.491.00
362,256.00 181,129.410.00 0.00
58,200.00 29,022.45684.00 171.00
0.00 0.00
421,140.00 210,322.86,386,542.00 645,293.00,984,350.00 1,045,283.83
1.00,443,999.00 639,521.01
0.00 0.00,040,004.00 520,001.13
0.00 0.00
,484,003.00 1,159,522.141.00
0.00 0.00
0.00 0.000.00 0.000.00 0.000.00 0.00
0.000.00 0.00
365.00 0.002,400.00 1,593.36
0.00 203.06
0.00 0.000.00 0.000.00 0.00
0.00 0.0012,000.00 6,000.0039,000.00 19,350.00
0.00 0.0053,765.00 27,146.42
1.0016,846.00 1,993.00
0.00 0.00
1,800.00 0.0066,000.00 23,099.26
1,450.00 0.001,734.00 518.001,017.00 635.29
0.00 0.00
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11,899.00 9,429.55
0.00 0.00
0.00 0.00100,746.00 35,675.10
1.00
0.00 0.000.00 0.000.00 0.00
(654,164.00) (177,059.83)1.00
0.00 0.00(654,164.00) 0.00
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USA Courtney Downs LeaseCo, LLC
Cash Flow (Actual + Budget)Books = Accrual
For the 12 Months Ending Dec 2008
Jan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008 12 Month $ / $ / Dec 2006 12 Month $ / $ /Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Total Unit Sq. Ft. Reforecast Total Unit Sq. Ft.
342 313,778 342 313,778
297,252 295,197 294,829 306,464 306,275 305,987 305,250 305,131 304,686 304,342 304,117 303,954 3,633,484 10,624.22 11.58 364,160 4,616,351 13,498.10 14.71(14,979) (13,515) (12,201) (21,510) (19,986) (17,809) (15,591) (15,591) (16,802) (19,995) (22,418) (23,078) (213,475) (624.20) (0.68) (43,000) (302,596) (884.78) (0.96)
(10,069) (8,145) (267) (17,298) (15,717) (17,444) (19,316) (21,188) (22,560) (23,621) (24,370) (24,994) (204,989) (599.38) (0.65) (80,000) (334,953) (979.40) (1.07)(14,603) (9,805) (5,576) (6,677) (6,695) (6,696) (6,693) (6,681) (6,663) (6,634) (6,614) (6,605) (89,943) (262.99) (0.29) (6,085) (109,510) (320.21) (0.35)257,600 263,731 276,786 260,979 263,877 264,038 263,650 261,671 258,661 254,092 250,715 249,277 3,125,077 9,137.65 9.96 235,075 3,869,291 11,313.72 12.33
27,835 34,204 26,056 22,698 26,852 27,912 25,305 27,910 23,739 22,628 24,013 20,220 309,372 904.60 0.99 19,000 373,511 1,092.14 1.19
285,435 297,935 302,841 283,677 290,729 291,950 288,955 289,581 282,400 276,720 274,728 269,497 3,434,449 10,042.25 10.95 254,075 4,242,802 12,405.85 13.52
30,826 28,089 30,477 30,392 29,567 31,117 31,434 31,434 30,692 29,929 30,554 30,059 364,570 1,065.99 1.16 37,759 464,009 1,356.75 1.483,660 2,832 3,226 3,348 3,460 3,520 3,544 3,444 3,336 3,264 3,204 3,180 40,018 117.01 0.13 3,030 49,549 144.88 0.165,531 4,884 6,525 5,801 5,901 6,105 6,327 6,227 5,340 4,685 4,731 4,259 66,316 193.91 0.21 6,885 82,385 240.89 0.263,627 3,404 5,355 5,708 6,163 6,062 6,819 6,819 6,289 5,961 5,102 4,850 66,159 193.45 0.21 7,500 83,805 245.04 0.271,403 4,261 2,510 3,115 4,490 3,885 2,920 2,730 2,513 12,210 2,672 1,388 44,097 128.94 0.14 2,295 50,581 147.90 0.166,708 1,216 4,460 13,323 6,678 4,985 4,985 4,985 3,960 3,960 3,960 3,460 62,680 183.27 0.20 2,395 72,678 212.51 0.23
12,525 11,016 11,744 11,547 11,829 11,878 14,818 11,783 11,496 11,269 11,189 10,980 142,075 415.42 0.45 14,969 179,628 525.23 0.57
4,914 13,395 10,310 16,246 17,308 17,127 16,930 16,130 16,228 16,240 11,437 11,491 167,756 490.51 0.53 10,900 202,075 590.86 0.641,416 1,421 0 0 0 0 0 0 0 0 0 0 2,837 8.30 0.01
35,029 35,004 35,095 35,095 35,095 35,095 35,095 35,095 35,095 35,095 35,095 35,095 420,983 1,230.95 1.34 0 422,216 1,234.55 1.3537,237 37,237 108.88 0.12
105,638 105,522 109,702 124,575 120,491 119,774 122,872 118,647 114,949 122,613 107,944 104,762 1,377,490 4,027.75 4.39
179,797 192,412 193,139 159,102 170,238 172,176 166,083 170,934 167,451 154,107 166,784 164,735 2,056,959 6,014.50 6.56 122,970 1,644,162 4,807.49 5.24131,106 2,598,640 7,598.36 8.28
193,253 193,253 193,254 193,254 193,254 216,819 216,819 216,819 216,819 216,819 216,819 216,819 2,484,002 7,263.16 7.924,719 4,539 4,450 4,450 4,815 4,450 4,450 4,450 4,450 4,450 4,450 4,450 54,122 158.25 0.17 193,254 256,435 749.81 0.829,734 2,903 8,268 12,546 12,458 8,074 17,804 6,600 6,259 6,000 5,000 5,000 100,646 294.29 0.32 0 110,940 324.39 0.35
3,300 3,300 9.65 0.01(27,909) (8,283) (12,833) (51,148) (40,289) (57,167) (72,990) (56,935) (60,077) (73,162) (59,485) (61,534) (581,811) (1,701.20) (1.85)
(65,449) 2,227,964 6,514.52 7.100 0 0 0 0 0 0 0 0 0 0 0 0
250,000 250,000
s 0 0 0 0 0 0 0 0 0 0 0 0 0(1,895) 2,740 0 0 0 0 0 0 0 0 0 0 845 0 845
(50,394) 4,840 0 0 0 0 0 0 0 0 0 0 (45,554) 0 (45,554)(35,800) (35,800) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (142,851) 0 (157,101)
(2,951) (2,951)
sets (88,090) (28,220) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (7,125) (187,560)
(2,951) (204,761)(22,965) 2,827 0 0 0 0 0 0 0 0 0 0 (20,138)20,453 31,811 0 0 0 0 0 0 0 0 0 0 52,265 0 52,265
920 2,385 0 0 0 0 0 0 0 0 0 0 3,305 0 3,30548,905 (6,027) 0 0 0 0 0 0 0 0 0 0 42,878 0 42,878
0 0
ab. 47,313 30,997 0 0 0 0 0 0 0 0 0 0 78,310
0 98,448
(68,685) (5,507) (19,958) (58,273) (47,414) (64,292) (80,115) (64,060) (67,202) (80,287) (66,610) (68,659) (691,061)
13,834 8,327 (11,631) (69,904) (117,318) (181,610) (261,725) (325,785) (392,987) (473,274) (539,884) (608,543) 181,601 2,371,651181,601
UnSq. Ft.
## 384807
ba 160 146,080
cas 356 384,807
ce 300 274,080
co 257 254,074
jac 247 221,730
lee 10 22,160
re 428 398,868
ric 5 24,952
par 300 305,832
pol 440 403,761
sat 440 548,750
sw 240 264,892
tra 280 286,056
vlg 120 108,276wa 284 254,103
we 12 48,309
wi 346 433,196
us 280 299,111
us 284 254,103
Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008
Row 60 Row 61
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es by 50%
+ reduction in tax escrow due to overage
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ourtney Downs ApartmentsFebruary 08
16 INCOME THIS MONTH: $297,934.7511 INCOME LAST MONTH: $285,435.00
5 DIFFERENCE: $12,499.75
TOTAL # GARAGES 120# GARAGES OCCUPIED 107
95.03%/98.54% GARAGES OCCUPIED % 89%
REASONS WHY PROSPECTS DID NOT LEASE:
affic Leased
0 0 * Job Transfer 40 0 * Too expensive. 50 0 * Future/No Availability/Waiting list 67 1 * Just started looking. 8
18 4 * Waiting for Home to Sell 40 0 * Current Lease to Expire 3
22 6 * Needs Ground Floor 28 2 * Moved Elsewhere 09 3 * Will return with roommate or spou 8
4 2 * Realtor Looking for Client 03 5 * Undecided 03 5 * Employment pending 3
0 0 * House sale pending 3* Rented at Competitor 0
74 28 TOTALS 46
8%
FOR THE MONTH
ricing and specials for the month of February.on specials and prices..
en over to First Data.
man Homes Team.Soopers for employee break room.o Mike Shaw Motors staff.with options of temporary housing for new home buyers.
to Wells Fargo team.res to Centennial airport "tack air office".er's to Holiday Inn Express.o Homes for short term leasing for new home buyers.
riott extended stay hotels.ERTIES:discounted rents on selected units.
e rents of $710, two bedrooms at $905 and three bedrooms starting at $1055.off with a 12 to 13 month lease.
nd rental rate of $836. per month.
of February. Nine renewed leases with a $35 increase. relocating out of the area, (2) job change, (1) skipped, (2) TOSnot hear from.
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ROUTINE REPLACEMENTS:
Number of: Apt. #
13 REFRIGERATORS 08 DISHWASHERS 05 WINDOWS 0
139 A/C COMPRESSORS 0Completed 0 CONDENSING UNITS 013 13 WATER HEATERS 015 15 ICE MAKERS 013 13 GARBAGE DISPOSALS 022 22 MICROWAVES 063 63 CARPETS 4 7203, 6212, 16206, 2104.0 0 CEILING FANS 011 11 TOILETS 02 2 A/C FAN MOTORS 0
139 139 COUNTER TOPS 1 92100 CABINETS RESURFACED KITCHEN 0
0 BLINDS 15TUBS RESURFACED 0
TUB TILES 0
RESS:
TION:
cy Howland
e McMillanmer WahrmanHawkins
riel Tellezsell Brileye Chavez and Jorge Bernal
NTH:g all breezway's for the summer
month than last month.
NumberReplaced
7207-1, 2204-1, 9108-2, 13205-2,6212-2, 16206-2, 7208-1, 16106-2,9201-2.
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TS SIZE TOTAL MKT RENT MKT RENT MONTHLY ANNUAL CONCESSION Vacants Notice
S/F PER UNIT PER S/F GROSS GROSS RENTS* PER UNIT GROSS
40 704 28,160 725 1.03 $29,000 $348,000 725.00 1.03 $29,000 3 3 8 0 8
32 704 22,528 725 1.03 $27,520 $330,240 725.00 1.03 $27,520 0 0 0 0 0
18 910 16,380 850 0.93 $15,300 $183,600 850.00 0.93 $15,300 3 2 2 0 3
24 808 19,392 750 0.93 $18,000 $216,000 750.00 0.93 $18,000 1 1 3 2 1
32 808 25,856 760 0.94 $24,320 $291,840 760.00 0.94 $24,320 0 0 0 0 0
42 977 41,034 875 0.90 $36,750 $441,000 875.00 0.90 $36,750 5 2 5 0 8
44 1,030 45,320 900 0.87 $39,600 $475,200 900.00 0.87 $39,600 2 1 8 2 7
22 1,030 22,660 925 0.90 $20,350 $244,200 925.00 0.90 $20,350 0 0 0 0 0
24 977 23,448 875 0.90 $21,000 $252,000 875.00 0.90 $21,000 0 0 0 0 0
16 1,030 16,480 925 0.90 $14,800 $177,600 925.00 0.90 $14,800 0 0 8 4 4
20 1,030 20,600 925 0.90 $18,500 $222,000 925.00 0.90 $18,500 0 0 0 0 0
24 1,140 27,360 1160 1.02 $27,840 $334,080 1,160.00 1.02 $27,840 1 1 6 1 5
4 1,140 4,560 1160 1.02 $4,640 $55,680 1,160.00 1.02 $4,640 0 0 0 0 0
342 917 313,778 $870 $0.95 $297,620 $3,571,440 $870 0.95 $297,620 15 10 40 9 36
* Net of Concessions
EFFECTIVECONCESSION
EFFECTIVEPER S/F
EFFECTIVEMONTHLY
VacantsLeased
NoticeLeased
NetAvailable
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MARKET SURVEYCourtney Downs
February-08
oyote Ranch Windsor @ Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve @ South Creek
E Freemont Ave 9875 Jefferson Pkwy 6107 S Parker Rd 7550 S Blackhawk 16950 E Carlson Dr 15611 E Jamison Dr
03-693-8787 303-256-7700 303-766-2500 303-362-2000 303-805-7200 303-680-6696
Aurora, Co Englewood, Co 80112 Centennial, Co Englewood, Co 80112 Parker, Co 80134 Englewood, Co 80112
507 653 216 312 360 168
5 7 4 6 6 6
$35.00 $40.00 $35.00 $40.00 $35.00 $50.00yes yes no yes no yes
yes yes yes yes yes yes
300-600 150-300 $100 300-500 $400-500 300
275-325 300 $300 $100.00 $200-300 100
yes Only In Select Units Only Select Units no yes no
yes yes yes no no no
yes yes yes yes yes yes
yes yes yes yes yes yes
no no no yes yes yes
1 1 1 1 2 1
yes yes yes yes yes yes
1 1 1 1 2 1
yes yes yes yes yes yes
yes yes yes yes yes yes
yes yes yes yes yes yesyes yes yes yes yes yes
yes yes yes yes yes yes
no yes yes yes yes yes
yes yes no yes yes yes
no yes yes yes no yes
no no no no no no
no no no no no no
yes yes yes yes yes yes
yes yes yes yes yes yes
no no no no no no
no yes yes yes yes yes
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MARKET SURVEY Courtney Downs
February-08
(Concessions reduced rates)
PROPERTY: Courtney Downs Apt Coyote Ranch Windsor at Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve@South Creek
PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF
fficiency fficiencyB1B (A) 725 704 1.03 755 779 0.97 715 627 1.14 750 685 1.09 755 768 0.98 710 707 1.00 710 763 0.93B1B (B) 850 808 1.05 795 853 0.93 725 701 1.03 815 705 1.02 765 842 0.91 730 796 0.92 727 763 1.05
B1B w/study 750 910 0.82 835 811 0.91 820 760 1.03 780 992 0.79 760 916 0.83B B
B w/loft B1B w/study 855 956 0.89 940 1051 0.89B2B (E) 875 977 0.90 940 1105 0.85 935 1044 0.90 980 1120 0.88 835 1115 0.75 815 1033 0.79 822 1037 0.79
B2B (F) 900 1030 0.87 985 1192 0.83 985 1196 0.82 950 1220 0.78 910 1093 0.83 900 1037 1.23
B2B (G) 925 1030 0.90 990 1180 0.84B2B (H)B2B
B w/study B2B TH B2B TH
B2B 1,160 1140 1.02 1055 1398 0.75 1185 1330 0.89 1040 1230 0.85 1120 1356 0.83 1195 1235 0.97 915 1257 0.73B2B 1190 1398 0.91 1305 1235 1.04 1045 1257 1.10
% occ /leased 95 98.54% 94% 96% 0 0% 94% 94.80% 93.0% 89% 94.7% 97% 93.1% 95%
Avg PSF 1 0.94 0.87 0.93 0.96 0.84 0.91 0.97
Avg Rents 884 1114 994 808 868 1131 995/ Avail) 342 36 507 29 653 216 32 312 44 360 19 0 168 22
Rateseflect these rates:
pecials:
Ren: $50 to $75 increase. Ren:Per corporate
Units(Tot
Special: look and leasespecial reduced pricing onselect units.
Special: One month freeon 12 to 13 month lease.
Will not give out anyinformation.
Special:1/2 month freewith look and lease.
Special: $500 free gascard or giftcertificate tothe mall w/look and lesespecial.
Special: 1/2 month off 12to 13 month leases.
Special: One month free on a12 to 13 month special.
Ren.: 15% increase on allrenewals.
Ren: Info not avail percorporate
Ren: $35 to $80 increasfor 12 month lease
Ren: Average $25 to $75increase.
Ren: Free carpet cleaningwith 12mo.
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