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USA Courtney Downs LeaseCo, LLCCash Flow (Actual + Budget)
Books = AccrualFor the 12 Months Ending Dec 2006
Jan 2006 Feb 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006 12 Month $ / $ /
Actual Actual Actual Actual Actual Reforecast Reforecast Reforecast Reforecast Reforecast Reforecast Reforecast Total Unit Sq. Ft.
342 313,778
356,941 356,261 353,425 356,370 356,790 356,985 356,985 356,985 360,554 364,160 364,160 364,160 4,303,776 12,584.14 13.72(50,457) (41,504) (32,721) (25,521) (27,566) (28,559) (21,419) (28,559) (32,450) (36,416) (40,058) (40,058) (405,288) (1,185.05) (1.29)(80,765) (83,296) (83,632) (87,552) (89,252) (80,000) (80,000) (80,000) (80,000) (80,000) (75,000) (75,000) (974,497) (2,849.41) (3.11)(5,393) (4,621) (13,129) (3,761) (3,761) (6,085) (6,085) (6,085) (6,085) (6,085) (6,085) (6,085) (73,259) (214.21) (0.23)
220,326 226,840 223,943 239,537 236,211 242,341 249,481 242,341 242,019 241,659 243,017 243,017 2,850,732 8,335.47 9.09
26,619 19,852 32,398 25,588 26,964 20,445 20,445 20,445 20,445 20,445 20,445 20,445 274,536 802.74 0.87246,945 246,692 256,342 265,125 263,175 262,786 269,926 262,786 262,464 262,104 263,462 263,462 3,125,268 9,138.21 9.96
31,314 27,779 25,751 34,224 28,896 37,759 24,299 20,239 24,299 24,299 24,299 37,759 340,917 996.83 1.094,125 1,829 4,155 2,418 3,488 3,030 3,375 4,330 3,030 3,030 3,030 3,030 38,871 113.66 0.12
10,172 7,867 8,790 12,875 9,217 5,860 7,885 5,860 5,860 6,385 5,860 6,885 93,516 273.44 0.302,824 1,468 6,877 3,034 6,347 8,800 8,800 8,700 8,200 7,900 7,500 7,500 77,951 227.93 0.25
484 2,348 2,996 938 1,390 2,345 4,645 2,345 2,295 13,595 2,295 2,295 37,971 111.03 0.122,095 (1,911) 750 1,089 7,856 3,640 3,640 3,640 6,640 4,640 4,640 2,395 39,114 114.37 0.12
15,018 14,773 20,876 15,092 17,309 15,049 16,670 17,049 15,067 15,084 15,469 14,969 192,426 562.65 0.6117,811 10,978 5,261 9,118 8,907 16,295 16,295 16,295 16,655 16,590 10,900 10,900 156,005 456.15 0.501,732 605 (2,311) 0 (26) 0 0 0 0 0 0 0 0 0.00 0.00
34,178 39,883 33,892 33,962 41,050 33,891 33,891 33,891 33,891 37,237 37,237 37,237 430,237 1,258.00 1.37
119,755 105,619 107,036 112,750 124,435 126,669 119,500 112,349 115,937 128,760 111,230 122,970 1,407,009 4,114.06 4.48127,190 141,073 149,305 152,375 138,740 136,117 150,426 150,437 146,527 133,345 152,233 140,493 1,718,259 5,024.15 5.48
193,253 193,253 193,253 193,253 193,253 193,254 193,254 193,254 193,254 193,254 193,254 193,254 2,319,045 6,780.83 7.39
1,511 40 324 595 169 0 0 0 0 0 0 0 2,639 7.72 0.013,871 (782) 8,204 6,055 3,698 6,600 6,600 6,600 6,600 6,600 3,300 3,300 60,646 177.33 0.19
(71,445) (51,438) (52,476) (47,528) (58,381) (63,737) (49,428) (49,417) (53,327) (66,510) (44,322) (56,062) (664,071) (1,941.73) (2.12)
66,280 58,055 58,308 42,302 0 0 0 45,074 52,214 52,536 52,896 47,280 474,945
792 (2,230) (4,698) 2,407 6,708 0 0 0 0 0 0 0 2,9809,672 (940) (590) 4,549 (4,100) 0 0 0 0 0 0 0 8,591
372 (275) 86 156 1,384 0 0 0 0 (30,110) 0 0 (28,386)(34,325) (34,325) (34,325) (34,325) 324,584 (2,951) (2,951) (2,951) 20,547 (2,951) (2,951) (2,951) 190,125
(23,489) (37,770) (39,527) (27,213) 328,577 (2,951) (2,951) (2,951) 20,547 (33,061) (2,951) (2,951) 173,309
(5,209) 4,548 22,679 5,948 (1,420) 0 0 0 0 0 0 0 26,54634,702 17,279 26,292 32,763 (282,521) 0 0 0 0 0 0 0 (171,486)1,398 6,448 1,789 (2,315) (5,212) 0 0 0 0 0 0 0 2,108
0 (763) (382) (382) (382) 0 0 0 0 0 0 0 (1,909)
30,890 27,511 50,377 36,014 (289,534) 0 0 0 0 0 0 0 (144,741)
2,236 (3,642) 16,682 3,574 (19,338) (66,688) (52,379) (7,294) 19,434 (47,034) 5,624 (11,733) (160,558)
29,014 25,372 42,054 45,628 26,290 (40,398) (92,777) (100,071) (80,636) (127,670) (122,047) (133,779)
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 120 108,276
wa 284 254,103
we 12 48,309
wi 346 433,196
us 280 299,111us 284 254,103
b 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006
NET CASH FLOW CUMM. NET CASH FLOW
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50%
50%
50%
duction in tax escrow due to overage
duction in tax escrow due to overage
duction in tax escrow due to overage
duction in tax escrow due to overage
duction in tax escrow due to overage
duction in tax escrow due to overage
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USA Courtney Downs LeaseCo, LLCBudget Comparison
Books = Accrual
For the period ending May 31, 2006
MTD MTD YTD YTD AnnualActual Budget $ Variance MTD Variance Comment Actual Budget $ Variance Budget YTD Variance Comment
355,720.00 356,985.00 (1,265.00) 1,778,600.00 1,778,545.00 55.00 4,302,534.001,070.00 0.00 1,070.00 1,205.00 0.00 1,205.00 0.00
356,790.00 356,985.00 (195.00) 1,779,805.00 1,778,545.00 1,260.00 4,302,534.00Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 (18.00) 0.00 (18.00) 0.00(27,565.66) (28,559.00) 993.34 (177,768.79) (162,871.00) (14,897.79) (390,390.00)
ons (6,494.32) (2,000.00) (4,494.32) (98,485.89) (10,000.00) (88,485.89) (24,000.00)
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 0.000.00 (500.00) 500.00 (10,135.02) (2,500.00) (7,635.02) (6,000.00)
(1,980.00) (1,980.00) 0.00 (9,900.00) (9,900.00) 0.00 (23,760.00)0.00 (575.00) 575.00 (1,725.00) (2,875.00) 1,150.00 (6,900.00)
(1,780.80) (1,900.00) 119.20 (8,904.00) (9,500.00) 596.00 (22,800.00)enance Fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 (1,130.00) 1,130.00 No guest suite at this time. 0.00 (5,650.00) 5,650.00 (13,560.00)
ns (82,758.04) (85,817.00) 3,058.96 (326,010.90) (423,715.00) 97,704.10 (1,019,064.00)
es Income 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 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
nce 0.00 0.00 0.00 0.00 0.00 0.00 0.00
$236,211.18 $234,524.00 $1,687.18 $1,146,857.40 $1,151,534.00 $(4,676.60) $2,796,060.00
0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 68.00 (68.00) 0.00 340.00 (340.00) 816.00
me 0.00 0.00 0.00 0.00 0.00 0.00 0.00ees 2,244.80 2,300.00 (55.20) 7,475.45 11,500.00 (4,024.55) 27,600.00
um 219.00 300.00 (81.00) 822.23 1,500.00 (677.77) 3,600.00891.76 1,300.00 (408.24) 5,112.04 6,500.00 (1,387.96) 15,600.00
Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.001,200.00 1,000.00 200.00 4,895.00 5,000.00 (105.00) 12,000.00
amages 2,500.00 1,033.00 1,467.00 13,472.86 5,165.00 8,307.86 12,396.00
249.30 500.00 (250.70) 8,487.54 2,500.00 5,987.54 6,000.00
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
2,751.80 900.00 1,851.80 12,022.74 4,500.00 7,522.74 10,800.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00e 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e 0.00 0.00 0.00 0.00 0.00 0.00 0.00ents 0.00 0.00 0.00 0.00 0.00 0.00 0.005,850.09 8,700.00 (2,849.91) 33,564.78 43,500.00 (9,935.22) 104,400.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00me 1,006.00 1,000.00 6.00 5,030.00 5,000.00 30.00 12,000.00veloper 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 190.00 (190.00) 0.00 950.00 (950.00) 2,280.00
s 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 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
4,074.00 2,000.00 2,074.00 17,364.00 10,000.00 7,364.00 24,000.00
5,603.90 929.00 4,674.90 22,302.00 4,645.00 17,657.00 11,148.00
s 373.16 225.00 148.16 872.15 1,125.00 (252.85) 2,700.000.00 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
nse 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
butions 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 0.000.00 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 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.0026,963.81 20,445.00 6,518.81 131,420.79 102,225.00 29,195.79 245,340.00
$263,174.99 $254,969.00 $8,205.99 $1,278,278.19 $1,253,759.00 $24,519.19 $3,041,400.00
8,641.39 9,545.00 903.61 43,506.69 47,725.00 4,218.31 124,082.000.00 0.00 0.00 0.00 0.00 0.00 0.00
9,521.17 6,660.00 (2,861.17) 50,060.82 33,300.00 (16,760.82) 86,582.00
0.00 0.00 0.00 0.00 0.00 0.00 0.003,351.80 3,500.00 148.20 18,087.30 14,000.00 (4,087.30) 42,000.00 Due to timing of payout.
Slight increase in upfrontconcessions for the month toremain competitive withcompetitors. Up to one monthoffered depending on the lease
term.
Increased upfront and monthlyconcessions during wintermonths to compete withcompetitors.
Guest suite has not been set upfor the year but is scheduled forthis June.
We have been able to reduce theamount of concessions given tomeet the market needs. We areable to renew leases with fewerconcessions.
We have been able to reduce theamount of concessions given aswell as renewal amounts, tomeet the market needs.
Zero tolerance program hasallowed for aggressivecollections to decreasedelinquency.
Collected more due to highernumber of lease breaks for homepurchases.
Collected more due to highernumber of lease breaks due tohome purchases.
Pet fines and trash fees havebeen enforced throughout theyear.
Positive variance due to increasein fees.
An increase of pet deposits by$150.00 per pet have allowed usto have a positive variance.
Fewer rentals due to higherturnover than expected.
Due to a higher number of move-outs having one or more garagesthat are pending rental.
We increased the non refundableadmin fee to $150
We have increased the rate ofour administration fee by $100 .
Aggressive collection ofdamages and fees from move-outs.
Aggressive collection ofdamages and fees from move-outs.
We are over in maintenancepayroll due additional porterposition that was not budgetedfor, this is offset in make readyexpense.
We are over in maintenancepayroll due to having a porterposition that was not budgetedfor, this offset in make readyexpense.
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1,702.57 1,576.00 (126.57) 9,039.03 7,600.00 (1,439.03) 20,210.001,529.50 1,442.00 (87.50) 7,514.50 7,210.00 (304.50) 17,304.00
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
2,462.44 0.00 (2,462.44) 7,197.95 0.00 (7,197.95) 0.00
1,687.33 1,576.00 (111.33) 12,558.18 7,600.00 (4,958.18) 20,210.00
28,896.20 24,299.00 (4,597.20) 147,964.47 117,435.00 (30,529.47) 310,388.00
pplies 774.35 600.00 (174.35) 5,592.34 3,000.00 (2,592.34) 7,200.00
876.33 1,080.00 203.67 5,038.28 5,400.00 361.72 12,960.00ers 100.00 100.00 0.00 573.57 500.00 (73.57) 1,200.00
129.27 200.00 70.73 1,006.57 1,000.00 (6.57) 2,400.000.00 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
ptions 0.00 0.00 0.00 142.00 0.00 (142.00) 1,645.00
0.00 0.00 0.00 0.00 0.00 0.00 0.001,100.00 1,100.00 0.00 1,465.75 1,500.00 34.25 2,200.00
0.00 0.00 0.00 0.00 0.00 0.00 0.0016.20 200.00 183.80 16.20 1,000.00 983.80 2,400.000.00 0.00 0.00 0.00 0.00 0.00 0.00
492.00 750.00 258.00 2,181.11 3,750.00 1,568.89 9,000.000.00 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
e 3,488.15 4,030.00 541.85 16,015.82 16,150.00 134.18 39,005.00
ns 5,143.92 4,437.00 (706.92) 25,238.71 18,245.00 (6,993.71) 42,409.00
424.68 475.00 50.32 4,374.83 3,400.00 (974.83) 10,300.003,148.25 1,033.00 (2,115.25) 10,307.50 5,165.00 (5,142.50) 12,396.00
500.00 900.00 400.00 9,000.00 4,500.00 (4,500.00) 10,800.00
nse 9,216.85 6,845.00 (2,371.85) 48,921.04 31,310.00 (17,611.04) 75,905.00
363.74 3,000.00 2,636.26 3,014.74 13,500.00 10,485.26 33,200.00
s. 2,415.00 3,000.00 585.00 9,290.00 13,500.00 4,210.00 32,500.00pairs 3,181.83 1,500.00 (1,681.83) 7,168.83 6,300.00 (868.83) 15,900.00
358.77 200.00 (158.77) 356.77 1,000.00 643.23 2,400.000.00 500.00 500.00 0.00 2,500.00 2,500.00 6,000.00
27.98 100.00 72.02 54.31 500.00 445.69 1,200.00acing 0.00 100.00 100.00 185.00 500.00 315.00 1,200.00
0.00 100.00 100.00 218.86 500.00 281.14 1,200.000.00 300.00 300.00 262.25 1,500.00 1,237.75 3,600.00
nse 6,347.32 8,800.00 2,452.68 20,550.76 39,800.00 19,249.24 97,200.00
& Supplies 421.20 800.00 378.80 2,545.67 3,800.00 1,254.33 9,200.000.00 150.00 150.00 532.98 750.00 217.02 1,800.00
airs 0.00 75.00 75.00 573.17 375.00 (198.17) 4,200.00s 0.00 150.00 150.00 972.75 750.00 (222.75) 1,800.00
0.00 100.00 100.00 0.00 500.00 500.00 1,200.00
79.17 400.00 320.83 1,403.84 2,000.00 596.16 5,800.000.00 0.00 0.00 0.00 0.00 0.00 0.00
240.45 50.00 (190.45) 509.74 250.00 (259.74) 600.00
airs 0.00 75.00 75.00 793.03 375.00 (418.03) 900.000.00 150.00 150.00 226.50 750.00 523.50 1,800.00
12.71 100.00 87.29 90.11 500.00 409.89 1,200.000.00 0.00 0.00 155.56 800.00 644.44 2,100.00
pairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00s 636.64 295.00 (341.64) 352.59 1,475.00 1,122.41 11,540.00
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 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
ense 1,390.17 2,345.00 954.83 8,155.94 12,325.00 4,169.06 42,140.00
7,245.00 7,245.00 0.00 7,590.00 12,735.00 5,145.00 32,205.00536.02 775.00 238.98 2,436.58 4,625.00 2,188.42 10,050.00
75.00 75.00 0.00 375.00 375.00 0.00 900.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 45.00 45.00 0.00 225.00 225.00 540.000.00 0.00 0.00 (522.13) 4,500.00 5,022.13 8,000.00
7,856.02 8,140.00 283.98 9,879.45 22,460.00 12,580.55 51,695.00
ctric 0.00 0.00 0.00 0.00 0.00 0.00 0.00er/Sewer 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00unds 0.00 0.00 0.00 0.00 0.00 0.00 0.00sh Removal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
aning Svcs 0.00 0.00 0.00 0.00 0.00 0.00 0.00ntenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00rance 0.00 0.00 0.00 0.00 0.00 0.00 0.00Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
10,769.02 10,199.00 (570.02) 52,510.59 50,151.00 (2,359.59) 121,658.00 Based on contract.
es 1,000.00 1,000.00 0.00 5,000.00 5,000.00 0.00 12,000.00 Fee 3,250.00 3,250.00 0.00 16,250.00 16,250.00 0.00 39,000.00
1,950.00 550.00 (1,400.00) Reflects eight evictions filed. 7,971.00 2,750.00 (5,221.00) 6,600.00
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
(52.00) 0.00 52.00 (104.00) 0.00 104.00 0.00
Temporary office help needed toassist in the office due tomanager out on maternity leave.
Temporary office help needed tocover schedule.
Reflective of number ofassociates on payroll.
We are over due to the purchaseof a new copier for the office.
Variance due to addition of ForRent magazine ad. Needed toincrease marketing efforts.
Extra cost is due to For Rentcontract.
We had 8 locators referrals this
month and are budgeted for 3.
Larger number of locator
referrals than originally projected.
Aggressive promoting of referralfee in the news letter has broughtin more referrals.
Positive variance due to staffperforming paints in house.
We have a porter who does thepainting in place of contracting itout.
Variance due to more cleansrequired. Fewer carpetreplacements needed.
Vinyl and tile repairs have been
done in house in an effort to cutcosts.
Cleaning company has beenusing their own supplies this hascut down on the cost greatly.
Reflects payment of threemonths.
Calls for pick ups only whennecessary, have saved in cost.
Due to high number of evictionsof residents who have beenchronically late on rent.
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0.00 0.00 0.00 0.00 0.00 0.00 0.00xpenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 500.00 500.00 825.49 500.00 (325.49) 1,000.00172.64 50.00 (122.64) 332.58 250.00 (82.58) 2,600.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00219.81 0.00 (219.81) 283.76 0.00 (283.76) 1,400.00
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
17,309.47 15,549.00 (1,760.47) 83,069.42 74,901.00 (8,168.42) 184,258.00
3,649.34 2,800.00 (849.34) 17,054.67 14,000.00 (3,054.67) 33,600.00
ent 0.00 0.00 0.00 0.00 0.00 0.00 0.00297.14 2,160.00 1,862.86 16,435.08 16,860.00 424.92 35,120.00
10,381.31 10,000.00 (381.31) 45,144.09 43,000.00 (2,144.09) 106,000.00
ent Reimb (4,899.27) (4,500.00) 399.27 (19,093.85) (21,000.00) (1,906.15) (50,500.00)26.10 6,290.00 6,263.90 (7,414.01) 9,390.00 16,804.01 40,840.00
bursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00(1,809.77) (2,200.00) (390.23) Reflective of lower occupancy. (9,270.35) (11,000.00) (1,729.65) (26,400.00)
ursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00653.76 1,700.00 1,046.24 5,096.92 8,500.00 3,403.08 20,400.00
608.84 800.00 191.16 4,122.14 5,200.00 1,077.86 9,820.00t - Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8,907.45 17,050.00 8,142.55 52,074.69 64,950.00 12,875.31 168,880.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
LL 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00(26.00) 0.00 26.00 0.00 0.00 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 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 0.00 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 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
ense (26.00) 0.00 26.00 0.00 0.00 0.00 0.00
32,756.31 27,200.00 (5,556.31) 147,408.64 136,000.00 (11,408.64) 326,400.00
0.00 0.00 0.00 0.00 0.00 0.00 0.008,293.51 6,691.00 (1,602.51) 35,055.25 33,455.00 (1,600.25) 80,292.00
0.00 0.00 0.00 500.00 0.00 (500.00) 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
e 41,049.82 33,891.00 (7,158.82) 182,963.89 169,455.00 (13,508.89) 406,692.00es 124,435.45 120,949.00 (3,486.45) 569,595.48 548,786.00 (20,809.48) 1,376,163.00ME 138,739.54 134,020.00 4,719.54 708,682.71 704,973.00 3,709.71 1,665,237.00
106,586.67 106,587.00 0.33 532,933.35 532,935.00 1.65 1,279,044.0086,666.67 86,667.00 0.33 433,333.35 433,335.00 1.65 1,040,004.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00193,253.34 193,254.00 0.66 966,266.70 966,270.00 3.30 2,319,048.00
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 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
s 0.00 0.00 0.00 1,510.50 0.00 (1,510.50) 0.00g Fees 169.30 0.00 (169.30) 764.30 0.00 (764.30) 0.00
0.00 0.00 0.00 305.62 0.00 (305.62) 0.000.00 0.00 0.00 59.04 0.00 (59.04) 0.00
er 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 0.000.00 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
e up Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00
nse 169.30 0.00 (169.30) 2,639.46 0.00 (2,639.46) 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 3,000.00 3,000.00 3,000.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00ement 3,698.23 6,600.00 2,901.77 21,045.75 24,200.00 3,154.25 63,800.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00s 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00nt 0.00 0.00 0.00 0.00 0.00 0.00 0.00ments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
3,698.23 6,600.00 2,901.77 21,045.75 27,200.00 6,154.25 66,800.00
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 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00
(58,381.33) (65,834.00) 7,452.67 (281,269.20) (288,497.00) 7,227.80 (720,611.00)
0.00 0.00 0.00 224,944.65 0.00 224,944.65 0.00(58,381.33) (65,834.00) 7,452.67 (56,324.55) (288,497.00) 232,172.45 (720,611.00)
Includes usage on all bldgs andcommon area.
We have turned down the heat inthe pool to off set higher costs.
Irrigation meters have been off
for the winter so no watering untilthe end of May was needed.
Irrigation meters have been off
for the winter so no watering untilthe end of May was needed.
We have been collecting un paidelectric bills from currentresidents.
We have been collecting un-paidelectric bills from currentresidents.
Includes payment of the personalproperty taxes.
Rate higher than anticipated.Includes pollution policypremium.
Saved on carpet replacementdue to having carpets cleanedand repaired.
Saved on carpet replacementdue to having carpets cleanedand repaired.
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Courtney Downs ApartmentsMay-06
Y
24 INCOME THIS MONTH: $262,168.99
S: 21 INCOME LAST MONTH: $265,048.00
TH: 3 DIFFERENCE: -$2,879.01
TOTAL # GARAGES 120
# GARAGES OCCUPIED 9492.4% 95.3% GARAGES OCCUPIED % 78%
REASONS WHY PROSPECTS DID NOT LEASE:
Traffic Leased
1 1 * Job Transfer 27 4 * Restricted Pet Breed 20 0 * Future/No Availability/Waiting list 0
12 5 * Just started looking. 33 0 * Waiting for Home to Sell 115 1 * Current Lease to Expire 0
12 4 * Needs Ground Floor 1AL 2 4 * Moved Elsewhere 0
2 2 * Will return with roommate or spou 74 0 * Realtor Looking for Client 00 0 * Undecided 04 3 * Employment pending 4
2 0 * House sale pending 0* Rented at Competitor 0
54 24 TOTALS 30
33%
& SOURCES FOR THE MONTH
with new move in specials and pricingds with current pricing and specials.
y publications
ABLE PROPERTIES:e offering rents averaging one to three months off on a month lease.s from $525 to $1095 and three bedrooms from $950 to $1275.
d an increase of $32.00. We have continued to discuss all options withto a minimum but home buying is very popular.due to buying houses, 2-residents got new jobs, 1 had health reasons.
PERTY:and is now fixed.
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ROUTINE REPLACEMENTS:
Number of:
NITS 15 REFRIGERATORS 08 DISHWASHERS 07 STOVES 0
127 A/C COMPRESSORS 0
Pending Completed 0 CONDENSING UNITS 00 21 21 WATER HEATERS 00 10 10 ICE MAKERS 0
0 14 14 GARBAGE DISPOSALS 00 12 12 MICROWAVES 00 55 55 CARPETS 70 5 5 CEILING FANS 00 10 10 TOILETS 00 0 0 A/C FAN MOTORS 0
0 127 127 COUNTER TOPS 00 CABINETS RESURFACED KITCHEN 00 BLINDS 9
TUBS RESURFACED 0TUB TILES 0
TS IN PROGRESS:
DING ATTENTION:and tested.
Nancy HowlandBeth McCallWendy GillanTemporary personnel
sor Gabriel Tellezce Russell Brileyds Jorge Chavez and Jorge Bernal
OR THE MONTH:planted.
NumberReplaced
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Apt. #
2111, 12202, 16106, 4301, 12110, 19302, 6211,
2, 12-111-2, 7-204- 1, 12-108- 2, 12-312- 1, 16-
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S SIZE TOTAL MKT RENT MKT RENT MONTHLY ANNUAL
S/F PER UNIT PER S/F GROSS GROSS
40 704 28,160 830 1.18 $33,200 $398,400
32 704 22,528 860 1.22 $27,520 $330,240
18 910 16,380 935 1.03 $16,830 $201,960
24 808 19,392 895 1.11 $21,480 $257,760
32 808 25,856 925 1.14 $29,600 $355,200
42 977 41,034 1130 1.16 $47,460 $569,520
44 1,030 45,320 1150 1.12 $50,600 $607,200
22 1,030 22,660 1180 1.15 $25,960 $311,520
24 977 23,448 1150 1.18 $27,600 $331,200
16 1,030 16,480 1150 1.12 $18,400 $220,800
20 1,030 20,600 1180 1.15 $23,600 $283,200
24 1,140 27,360 1245 1.09 $29,880 $358,560
4 1,140 4,560 1255 1.10 $5,020 $60,240
42 917 313,778 $1,044 $1.14 $357,150 $4,285,800
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ON Vacants Notice
T GROSS
0.00 1.18 $33,200 9 1 8 3 0
5.00 1.10 $31,000 2 0 1 0 2
5.00 0.91 $14,940 1 0 1 1 5
5.00 1.03 $19,920 9 0 4 1 12
5.00 1.03 $26,560 0 0 0 0 0
0.00 0.85 $34,860 11 1 5 0 13
0.00 0.81 $36,520 4 0 2 1 7
0.00 0.81 $18,260 0 0 0 0 0
0.00 0.85 $19,920 0 0 0 0 0
0.00 0.81 $13,280 0 0 0 0 5
0.00 0.81 $16,600 0 0 0 0 0
0.00 1.00 $27,480 3 1 1 1 3
0.00 1.00 $4,580 0 0 0 0 0
192 0.95 $297,120 39 3 22 7 47
EFFECTIVEPER S/F
EFFECTIVEMONTHLY
VacantsLeased
NoticeLeased
NetAvailable
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MARKET SURVEYCourtney Downs
May-06
Brookside Village Carriage Place Coyote Ranch Windsor @ Meridian Pinnacle @ the Creek eenbriar @ Saddle Ro Dove Valley Cherrywood Village Reserve @ South Creek
5400 S Park Terrace 4900 S Ulster 16363 E Freemont Ave 9875 Jefferson Pkwy 6107 S Parker Rd 22159 E Ontario Dr 7550 S Blackhawk 16950 E Carlson Dr 15611 E Jamison Dr
303-220-7086 303-740-7011 303-693-8787 303-256-7700 303-766-2500 303-617-6600 303-362-2000 303-805-7220 303-680-6696
Greenwood Village, Co Denver, Co 80237 Aurora, Co Englewood, Co 80112 Centennial, Co Aurora, Co Englewood, Co 80112 Parker, Co 80134 Englewood, Co 80112
304 331 507 653 216 250 312 380 168
7 7 3 6 3 3 4 3 4
$30.00 $40.00 $35.00 $40.00 $35.00 $35.00 $35.00 $35.00 $40.00
yes yes yes yes yes yes yes yes yes
yes. yes yes yes yes yes yes yes yes
225-375 350-500 400-500 150-300 200-300 400 300-500 400 300-600
300-400 275 275-325 300 100 250-400 199 99 225-375
yes yes yes Only In Select Units Only Select Units no no no no
no no yes yes yes yes yes yes yes
yes yes yes yes yes yes yes yes yes
yes yes yes yes yes yes yes yes yes
no yes no no no no yes yes yes
1 2 1 1 1 1 1 2 1
yes yes yes yes yes yes yes yes yes
yes 2 1 1 1 1 1 2 1
yes yes yes yes yes yes yes yes yes
yes yes yes yes yes yes yes yes yes
yes yes yes yes yes yes yes yes yes
yes yes yes yes yes yes yes yes yes
no yes yes yes yes yes yes yes yes
yes yes no yes yes yes yes yes yes
no yes yes yes no no yes yes yes
no yes no yes yes no yes no yes
yes no no no no no no no no
no no no no no no no no no
yes yes yes yes yes no yes yes yes
yes yes yes yes yes yes yes yes yes
no no no no no no no no no
yes yes no yes yes yes yes yes yes
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MARKET SURVEY Courtney Downs
May-06
(Concessions reduced rates)
PROPERTY: Courtney Downs Apt Brookside Village Carriage Place Coyote Ranch Windsor at Meridian Pinnacle @ the Creek Greenbriar@Saddle Rock 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 PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF
fficiency fficiencyB1B (A) 830 704 1.18 850 812 1.05 1030 776 1.33 855 779 1.10 640 627 1.02 620 685 0.91 785 707 1.11 795 768 1.04 850 707 1.20 795 763 1.04B1B (B) 895 808 1.11 975 815 1.20 1065 785 1.36 955 853 1.12 645 701 0.92 660 705 0.94 880 853 1.03 825 842 0.98
B1B w/study 935 910 1.03 740 811 0.91 730 760 0.96B B
B w/loft B1B w/study 835 956 0.87 910 1051 0.87B2B (E) 1,130 977 1.16 1140 1130 1.01 1265 1141 1.11 1160 1105 1.05 1110 1044 1.06 930 1120 0.83 1075 1033 1.04 1040 1115 0.93 1110 1033 1.07 995 1037 0.96
B2B (F) 1,150 1030 1.12 1155 1144 1.01 1460 1237 1.18 1250 1192 1.05 1440 1196 1.20 1195 1093 1.09 1090 12220 0.09 1190 1093 1.09B2B (G) 1,150 1030 1.12 1030 1180 0.87B2B (H) B2B
B w/study B2B TH B2B TH
B2B 1,235 1140 1.08 1600 1485 1.08 1265 1141 1.11 1350 1398 0.97 1510 1330 1.14 995 1230 0.81 1425 1235 1.15 1270 1356 0.94 1375 1235 1.11 1195 1257 0.95B2B 1645 1414 1.16
% occ /leased 92 95 95% 94.00 96 96% 97 98.00% 98% 96 100 96% 0 0% 95 97 94% 92 95 93% 94.0 99 93% 88.0 92 93% 92.0 95 96%
Avg PSF 1 1.11 1.06 1.19 1.05 1.01 0.87 1.09 0.95 1.11 0.98
Avg Rents 1046 1144 1288 1114 994 808 1072 1004 1131 995/ Avail) 342 9 304 11 331 5 507 20 653 216 8 292 22 312 8 360 41 0 168 5
ates Special: 1x1, 2x2 830.00 Special: $300 off 11-12 mo Special: $200 off market onSpecial: $300 to $400 off mSepcial:None Special:100 to 200 off rentsSpecial: $200 off per mo onSpecial:3 months free over Special: 3 Months off of marSpecial: waive application or waive deposits.eflect these rates $685 1/1 $805 2/2 $1310 3 $626 1/1 $800 2/2 $1275 3/2pecials: special were pulled off the internet
due to property will not give info.Look and lease $250 off 1st full month
Ren: $25 to $50 increase Ren: $15-$25 Increase. Ren.: 20% off of market. Ren.: Increase $0 to $50. Ren: Info not avail per corp Ren:Per corporate Ren: $50 increases on 12 Ren: $40 increas for 12 moRen: Average $15 to $20 in Ren: Free carpet cleaning with 12mo.
nits(Tot
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