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USA Courtney Downs LeaseCo, LLC

Budget Comparison
Books = Accrual
For the period ending April 30, 2006

MTD MTD YTD YTD Annual
Account Actual Budget $ Variance MTD Variance Comment Actual Budget $ Variance Budget YTD Variance Comment Filter
Revenue 0.01
Market Rent 355,720.00 355,390.00 330.00 1,422,880.00 1,421,560.00 1,320.00 4,302,534.00 ###
Loss / Gain to Lease 950.00 0.00 950.00 135.00 0.00 135.00 0.00 ###
Gross Potential Rent 356,670.00 355,390.00 1,280.00 1,423,015.00 1,421,560.00 1,455.00 4,302,534.00 ###
Prepaid Homeowners Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Residential Rent (300.00) 0.00 (300.00) Will re code in May. (18.00) 0.00 (18.00) 0.00 (636.00)
Vacancy Loss (25,520.65) (31,811.00) 6,290.35 Positive variance while vacancy (150,203.13) (134,312.00) (15,891.13) (390,390.00) ###
loss averaged only 7% with a
budget of 9%
Upfront Rent Concessions (4,141.09) (2,000.00) (2,141.09) additional move in incentives (91,991.57) (8,000.00) (83,991.57) (24,000.00) ###
offered to obtain leases and get
occupancy to reach 93%
Corporate Discount 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Delinquent Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adjustments & W/O 0.00 (500.00) 500.00 (10,135.02) (2,000.00) (8,135.02) (6,000.00) ###
Model Units (1,980.00) (1,980.00) 0.00 (7,920.00) (7,920.00) 0.00 (23,760.00) ###
Courtesy Officer Apt. 0.00 (575.00) 575.00 (1,725.00) (2,300.00) 575.00 (6,900.00) ###
Employee Apartment (1,780.80) (1,900.00) 119.20 (7,123.20) (7,600.00) 476.80 (22,800.00) ###
Housekeeping & Maintenance Fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Guest Suite 0.00 (1,130.00) 1,130.00 0.00 (4,520.00) 4,520.00 (13,560.00) ###
Lease Term Concessions (83,410.50) (85,068.00) 1,657.50 Slight positive variance to budget (243,252.86) (337,898.00) 94,645.14 (1,019,064.00) ###
as we are trying to reduce these
prorated lease concessions over
time with increases on renewals.

Homeowner's Assn Dues Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Homeowner Dues Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Model Units 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Lease Contract Difference 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Rental Income $239,536.96 $230,426.00 $9,110.96 $910,646.22 $917,010.00 $(6,363.78) $2,796,060.00 ###
0.01
Laundry Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Vending Income 0.00 68.00 (68.00) 0.00 272.00 (272.00) 816.00 816.00
Covered Parking Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Late Charges & NSF Fees 1,161.00 2,300.00 (1,139.00) strict collections the past two 5,230.65 9,200.00 (3,969.35) 27,600.00 ###
months have resulted in fewer
residents paying late.
Month to Month Premium 100.00 300.00 (200.00) 603.23 1,200.00 (596.77) 3,600.00 ###
Storage Fees 930.00 1,300.00 (370.00) 4,220.28 5,200.00 (979.72) 15,600.00 ###
Repair & Maintenance Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Application Fees 960.00 1,000.00 (40.00) 3,695.00 4,000.00 (305.00) 12,000.00 ###
Termination Fees & Damages 5,555.00 1,033.00 4,522.00 aggressive collections of 10,972.86 4,132.00 6,840.86 12,396.00 ###
termination fees this month.
Collected three full buy outs and
partial payment on one.
Miscellaneous Income 734.45 500.00 234.45 8,238.24 2,000.00 6,238.24 6,000.00 ###
No Name 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Pet Rents & Fees 2,728.00 900.00 1,828.00 collection of 6 pet fees of $300 9,270.94 3,600.00 5,670.94 10,800.00 ###
each in addition to the monthly
pet rent
Tower Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Asset Management Fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Parking Spaces Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Homeowners Assessments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Garage Income 6,761.83 8,700.00 (1,938.17) Fewer rentals than anticipated. 27,714.69 34,800.00 (7,085.31) 104,400.00 ###
Average rental fee is $85
Water/Sewer Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cable/Telephone Income 1,006.00 1,000.00 6.00 4,024.00 4,000.00 24.00 12,000.00 ###
HOA Contributions Developer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Developer HOA Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Forfeited Deposits 0.00 190.00 (190.00) 0.00 760.00 (760.00) 2,280.00 ###
Developer Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Thunder Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Administration Fee 3,450.00 2,000.00 1,450.00 25 new admin fees charged at 13,290.00 8,000.00 5,290.00 24,000.00 ###
$150 or $99. we discontinued
waiving these to increase income
resulting in positive variance to
budget
Move-Out Charges 2,167.22 929.00 1,238.22 Positive variance to budget with 16,698.10 3,716.00 12,982.10 11,148.00 ###
stricter charging of all move out
costs including additional
cleaning, carpet damages and
any outstanding water bills.
Short Term Lease Fees 34.47 225.00 (190.53) 498.99 900.00 (401.01) 2,700.00 ###
Extra-Ordinary Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Corporate Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Corporate Units - expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
HOA Developer Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Acquisition Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Rental 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - C.A.M. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Condo Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Other Income 25,587.97 20,445.00 5,142.97 104,456.98 81,780.00 22,676.98 245,340.00 ###
0.01
Total Revenue $265,124.93 $250,871.00 $14,253.93 With high occupancy and strict $1,015,103.20 $998,790.00 $16,313.20 $3,041,400.00 ###
collections of other fees, we are
beating Revenue to budget for
the month and Year to date
0.01
Expense 0.01
Managers Salary 8,652.74 9,545.00 892.26 Manager is on maternity leave. 34,865.30 38,180.00 3,314.70 124,082.00 ###
Salaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Maintenance Salary 10,871.76 6,660.00 (4,211.76) budgeted incorrectly and 40,539.65 26,640.00 (13,899.65) 86,582.00 ###
removed one maintenance
person. This negative variance
is offset in a savings in
Maintenance costs.
Salary - Administrative 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Commissions & Bonus 7,197.20 3,500.00 (3,697.20) includes past months bonuses as 14,735.50 10,500.00 (4,235.50) 42,000.00 ###
well as April.
Payroll Taxes 2,112.77 1,576.00 (536.77) 7,336.46 6,024.00 (1,312.46) 20,210.00 ###
Group Insurance 1,330.00 1,442.00 112.00 5,985.00 5,768.00 (217.00) 17,304.00 ###
Disability Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
401k Match 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contract Labor 1,641.75 0.00 (1,641.75) temporary help for office team 4,735.51 0.00 (4,735.51) 0.00 0.00
while manager is on maternity
leave
Workers Comp 2,418.23 1,576.00 (842.23) 10,870.85 6,024.00 (4,846.85) 20,210.00 ###
Total Salary Expense 34,224.45 24,299.00 (9,925.45) 119,068.27 93,136.00 (25,932.27) 310,388.00 ###
0.01
Office Operations & Supplies 587.85 600.00 12.15 4,817.99 2,400.00 (2,417.99) 7,200.00 ###
Telephones 894.41 1,080.00 185.59 4,161.95 4,320.00 158.05 12,960.00 ###
Answering Svc. & Pagers 92.84 100.00 7.16 473.57 400.00 (73.57) 1,200.00 ###
Postage & Delivery 103.21 200.00 96.79 877.30 800.00 (77.30) 2,400.00 ###
Patrol Services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Membership Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Publications & Subscriptions 0.00 0.00 0.00 142.00 0.00 (142.00) 1,645.00 ###
Conventions/Seminars 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Employee Training 0.00 100.00 100.00 365.75 400.00 34.25 2,200.00 ###
Furniture Rental 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Car Expenses 0.00 200.00 200.00 0.00 800.00 800.00 2,400.00 ###
Permits & Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Credit Checks 740.01 750.00 9.99 1,689.11 3,000.00 1,310.89 9,000.00 ###
Guest Suite Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Parking Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expense 2,418.32 3,030.00 611.68 12,527.67 12,120.00 (407.67) 39,005.00 ###
0.01
Advertising & Promotions 4,698.46 3,452.00 (1,246.46) Did not budget for additonal print 20,094.79 13,808.00 (6,286.79) 42,409.00 ###
advertisement. We are
discontinuing this ad at the end
of the contract in June. These
costs will then come in line with
budget
Resident Promotions 464.31 1,500.00 1,035.69 3,950.15 2,925.00 (1,025.15) 10,300.00 ###
Locators 3,711.75 1,033.00 (2,678.75) 8 loctator referrals this month 7,159.25 4,132.00 (3,027.25) 12,396.00 ###
which helped in achieving our
high occupancy
Resident Referrals 4,000.00 900.00 (3,100.00) 8 resident referrals at $500 each 8,500.00 3,600.00 (4,900.00) 10,800.00 ###

Total Advertising Expense 12,874.52 6,885.00 (5,989.52) 39,704.19 24,465.00 (15,239.19) 75,905.00 ###
0.01
Paint & Drywall 199.04 3,000.00 2,800.96 Most work is done in house, 2,651.00 10,500.00 7,849.00 33,200.00 ###
offsetting our personnel costs
which are over budget
Contract Cleaning Svcs. 1,710.00 3,000.00 1,290.00 Most work is done in house, 6,875.00 10,500.00 3,625.00 32,500.00 ###
offsetting our personnel costs
which are over budget
Carpet Cleaning & Repairs 1,065.00 1,200.00 135.00 3,987.00 4,800.00 813.00 15,900.00 ###
Window Coverings 0.00 200.00 200.00 (2.00) 800.00 802.00 2,400.00 ###
Vinyl & Tile Repairs 0.00 500.00 500.00 0.00 2,000.00 2,000.00 6,000.00 ###
Lock & Keys 0.00 100.00 100.00 26.33 400.00 373.67 1,200.00 ###
Counter & Tub Resurfacing 0.00 100.00 100.00 185.00 400.00 215.00 1,200.00 ###
Other Redecorating 0.00 100.00 100.00 218.86 400.00 181.14 1,200.00 ###
Cleaning Supplies 60.16 300.00 239.84 262.25 1,200.00 937.75 3,600.00 ###
Total Make Ready Expense 3,034.20 8,500.00 5,465.80 14,203.44 31,000.00 16,796.56 97,200.00 ###

General Maintenance & Supplies 577.36 750.00 172.64 most work done in house 2,124.47 3,000.00 875.53 9,200.00 ###
offsetting overage in personnel
costs
HVAC Parts & Repairs 0.00 150.00 150.00 532.98 600.00 67.02 1,800.00 ###
Plumbing Parts & Repairs 0.00 75.00 75.00 573.17 300.00 (273.17) 4,200.00 ###
Electric Parts & Repairs 0.00 150.00 150.00 972.75 600.00 (372.75) 1,800.00 ###
Roof & Gutter Repairs 0.00 100.00 100.00 0.00 400.00 400.00 1,200.00 ###
Pools & Fountains 385.17 400.00 14.83 1,324.67 1,600.00 275.33 5,800.00 ###
Gates & Entrances 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Glass & Screens 0.00 50.00 50.00 269.29 200.00 (69.29) 600.00 ###
Appliance Parts & Repairs 0.00 75.00 75.00 793.03 300.00 (493.03) 900.00 ###
Hardware 0.00 150.00 150.00 226.50 600.00 373.50 1,800.00 ###
Exterior Painting 0.00 100.00 100.00 77.40 400.00 322.60 1,200.00 ###
Uniforms (25.00) 800.00 825.00 155.56 800.00 644.44 2,100.00 ###
Elevator Service & Repairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Security & Fire Systems 0.00 295.00 295.00 (284.05) 1,180.00 1,464.05 11,540.00 ###
Uninsured Losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locks & Keys 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bulbs & Ballasts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Maintenance Expense 937.53 3,095.00 2,157.47 All turn and general maintenance 6,765.77 9,980.00 3,214.23 42,140.00 ###
costs are below budget as we
have done work in house and did
not need additonal expenses

0.01
Landscape & Grounds 345.00 2,745.00 2,400.00 irrigation costs only. Monthly 345.00 5,490.00 5,145.00 32,205.00 ###
service fee will hit next month
Trash Removal 520.71 775.00 254.29 1,900.56 3,850.00 1,949.44 10,050.00 ###
Pest Control 75.00 75.00 0.00 300.00 300.00 0.00 900.00 ###
Security Patrols 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Window Cleaning Svc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interior Cleaning Svc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cable Television 0.00 45.00 45.00 0.00 180.00 180.00 540.00 990.00
Snow Removal 148.75 500.00 351.25 (522.13) 4,500.00 5,022.13 8,000.00 ###
Total Service Expense 1,089.46 4,140.00 3,050.54 2,023.43 14,320.00 12,296.57 51,695.00 ###

Expenses - CAM - Electric 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Water/Sewer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Grounds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Trash Removal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Cleaning Svcs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - R/E Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total CAM Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01
Management Fees 10,836.31 10,035.00 (801.31) 41,741.57 39,952.00 (1,789.57) 121,658.00 ###
Asset Management Fees 1,000.00 1,000.00 0.00 4,000.00 4,000.00 0.00 12,000.00 ###
Investor Administration Fee 3,250.00 3,250.00 0.00 13,000.00 13,000.00 0.00 39,000.00 ###
Legal Fees 10.00 550.00 540.00 6,021.00 2,200.00 (3,821.00) 6,600.00 ###
Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Postage & Delivery 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Charges (52.00) 0.00 52.00 (52.00) 0.00 52.00 0.00 0.00
Partnership Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Administrative Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Travel Expense 0.00 0.00 0.00 825.49 0.00 (825.49) 1,000.00 ###
Employee Activities 47.71 50.00 2.29 159.94 200.00 40.06 2,600.00 ###
Printing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Computer Consulting 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Computer Expense 0.00 0.00 0.00 63.95 0.00 (63.95) 1,400.00 ###
Bank Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Development Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Admin. Expense 15,092.02 14,885.00 (207.02) 65,759.95 59,352.00 (6,407.95) 184,258.00 ###
0.01
Electricity 3,116.77 2,800.00 (316.77) 13,405.33 11,200.00 (2,205.33) 33,600.00 ###
Electricity Gas - Resident 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Natural Gas 1,713.24 2,700.00 986.76 positive variance is a function of 16,137.94 14,700.00 (1,437.94) 35,120.00 ###
occupancy being better than
budget
Water & Sewer 8,292.98 9,500.00 1,207.02 positive variance is a function of 34,762.78 33,000.00 (1,762.78) 106,000.00 ###
occupancy being better than
budget
Water & Sewer - Resident Reimb (3,745.62) (4,500.00) (754.38) (14,194.58) (16,500.00) (2,305.42) (50,500.00) ###
Water - irrigation 106.09 3,100.00 2,993.91 water costs were not broken out (7,440.11) 3,100.00 10,540.11 40,840.00 ###
and included in water sewer,
above. Combined variance is
positve to budget again due to
higher occupancy and more
apartments paying for water
Electric - Tenant Reimbursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Trash Reimbursement (1,864.61) (2,200.00) (335.39) (7,460.58) (8,800.00) (1,339.42) (26,400.00) ###
Water - Tenant Reimbursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Utility -Vacant Electric 608.99 1,700.00 1,091.01 4,443.16 6,800.00 2,356.84 20,400.00 ###
Utility - Vacant Gas 889.71 1,100.00 210.29 3,513.30 4,400.00 886.70 9,820.00 ###
Tenant Reimbursement - Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Utility Expense 9,117.55 14,200.00 5,082.45 43,167.24 47,900.00 4,732.76 168,880.00 ###
0.01
Management Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Management Fees-MRLL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Property Legal Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Credit Card Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Charges 0.00 0.00 0.00 26.00 0.00 (26.00) 0.00 0.00
Bank Adjustments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Late Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
HOA Assessment Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fiduciary Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Custodial Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Thunder Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Management Expense 0.00 0.00 0.00 26.00 0.00 (26.00) 0.00 0.00
0.01
Property Taxes 27,200.00 27,200.00 0.00 114,652.33 108,800.00 (5,852.33) 326,400.00 ###
Franchise Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Insurance 6,762.00 6,691.00 (71.00) 26,761.74 26,764.00 2.26 80,292.00 ###
Tax Consultants 0.00 0.00 0.00 500.00 0.00 (500.00) 0.00 0.00
MIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Taxes & Insurance 33,962.00 33,891.00 (71.00) 141,914.07 135,564.00 (6,350.07) 406,692.00 ###
Total Operating Expenses 112,750.05 112,925.00 174.95 445,160.03 427,837.00 (17,323.03) 1,376,163.00 ###
NET OPERATING INCOME 152,374.88 137,946.00 14,428.88 569,943.17 570,953.00 (1,009.83) 1,665,237.00 ###
0.01
Base Rent 106,586.67 106,587.00 0.33 426,346.68 426,348.00 1.32 1,279,044.00 ###
Stated Rent 86,666.67 86,667.00 0.33 346,666.68 346,668.00 1.32 1,040,004.00 ###
Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Rent Expense 193,253.34 193,254.00 0.66 773,013.36 773,016.00 2.64 2,319,048.00 ###
0.01
Mortgage Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loan Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Debt Service 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01
Partnership Legal Fees 0.00 0.00 0.00 1,510.50 0.00 (1,510.50) 0.00 0.00
Partnership Accounting Fees 595.00 0.00 (595.00) tax prepartation fees 595.00 0.00 (595.00) 0.00 0.00
Partnership Travel 0.00 0.00 0.00 305.62 0.00 (305.62) 0.00 0.00
Partnership - Meals 0.00 0.00 0.00 59.04 0.00 (59.04) 0.00 0.00
Partnership Fees - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Partnership Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Due Diligence Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dead Deal Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Partnership Exp- Leaseup Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Partnership Expense 595.00 0.00 (595.00) 2,470.16 0.00 (2,470.16) 0.00 0.00
0.01
Exterior Rehab 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interior Rehab 0.00 0.00 0.00 0.00 3,000.00 3,000.00 3,000.00 ###
HVAC Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Carpet & Floor Replacement 6,054.83 6,600.00 545.17 replacement of 7 carpets this 17,347.52 17,600.00 252.48 63,800.00 ###
month. In line with budget for the
year
Refrigerators 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dishwashers & Ranges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Washers / Dryers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fire Alarm Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Capital Improvements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Boiler Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Roof Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Capital Expenses 6,054.83 6,600.00 545.17 17,347.52 20,600.00 3,252.48 66,800.00 ###
0.01
Casualty Losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Casualty Recovery 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Casualty Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NET INCOME (LOSS) (47,528.29) (61,908.00) 14,379.71 (222,887.87) (222,663.00) (224.87) (720,611.00) ###

Rental Guarantee 42,301.60 0.00 42,301.60 224,944.65 0.00 224,944.65 0.00 ###
(5,226.69) (61,908.00) 56,681.31 2,056.78 (222,663.00) 224,719.78 (720,611.00)
USA Courtney Downs LeaseCo, LLC
Cash Flow (Actual + Budget)
Books = Accrual
For 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 $/ $/
Account Actual Actual Actual Actual Reforecast Reforecast Reforecast Reforecast Reforecast Reforecast Reforecast Reforecast Total Unit Sq. Ft.
342 313,778
Revenue
Gross Potential Rent 356,941 356,261 353,425 356,370 356,985 356,985 356,985 356,985 360,554 364,160 364,160 364,160 4,303,971 12,584.71 13.72
- Vacancy (50,457) (41,504) (32,721) (25,521) (25,000) (28,559) (21,419) (28,559) (32,450) (36,416) (40,058) (40,058) (402,722) (1,177.55) (1.28)
- Concessions & Disc. (80,765) (83,296) (83,632) (87,552) (83,000) (80,000) (80,000) (80,000) (80,000) (80,000) (75,000) (75,000) (968,244) (2,831.12) (3.09)
- Other Write-offs & Adj. (5,393) (4,621) (13,129) (3,761) (6,085) (6,085) (6,085) (6,085) (6,085) (6,085) (6,085) (6,085) (75,583) (221.00) (0.24)
Total Rental Income 220,326 226,840 223,943 239,537 242,900 242,341 249,481 242,341 242,019 241,659 243,017 243,017 2,857,421 8,355.03 9.11

Other Income 26,619 19,852 32,398 25,588 20,445 20,445 20,445 20,445 20,445 20,445 20,445 20,445 268,017 783.68 0.85
Total Revenue 246,945 246,692 256,342 265,125 263,345 262,786 269,926 262,786 262,464 262,104 263,462 263,462 3,125,438 9,138.71 9.96

Operating Expenses
Salary Expense 31,314 27,779 25,751 34,224 24,299 37,759 24,299 20,239 24,299 24,299 24,299 37,759 336,320 983.39 1.07
Operating Expense 4,125 1,829 4,155 2,418 4,030 3,030 3,375 4,330 3,030 3,030 3,030 3,030 39,413 115.24 0.13
Advertising Expense 10,172 7,867 8,790 12,875 6,845 5,860 7,885 5,860 5,860 6,385 5,860 6,885 91,144 266.50 0.29
Make Ready Expense 2,824 1,468 6,877 3,034 8,800 8,800 8,800 8,700 8,200 7,900 7,500 7,500 80,403 235.10 0.26
Maintenance Expense 484 2,348 2,996 938 2,345 2,345 4,645 2,345 2,295 13,595 2,295 2,295 38,926 113.82 0.12
Service Expense 2,095 (1,911) 750 1,089 8,140 3,640 3,640 3,640 6,640 4,640 4,640 2,395 39,398 115.20 0.13
Administrative Expense 15,018 14,773 20,876 15,092 15,549 15,049 16,670 17,049 15,067 15,084 15,469 14,969 190,666 557.50 0.61
Utility Expense 17,811 10,978 5,261 9,118 17,050 16,295 16,295 16,295 16,655 16,590 10,900 10,900 164,147 479.96 0.52
Management Expense 1,732 605 (2,311) 0 0 0 0 0 0 0 0 0 26 0.08 0.00
Taxes & Insurance 34,178 39,883 33,892 33,962 33,891 33,891 33,891 33,891 33,891 37,237 37,237 37,237 423,079 1,237.07 1.35

Total Operating Exp. 119,755 105,619 107,036 112,750 120,949 126,669 119,500 112,349 115,937 128,760 111,230 122,970 1,403,523 4,103.87 4.47
Net Operating Income 127,190 141,073 149,305 152,375 142,396 136,117 150,426 150,437 146,527 133,345 152,233 140,493 1,721,916 5,034.84 5.49

Rent Expense 193,253 193,253 193,253 193,253 193,254 193,254 193,254 193,254 193,254 193,254 193,254 193,254 2,319,045 6,780.83 7.39
Partnership Expense 1,511 40 324 595 0 0 0 0 0 0 0 0 2,470 7.22 0.01
Capital Expense 3,871 (782) 8,204 6,055 6,600 6,600 6,600 6,600 6,600 6,600 3,300 3,300 63,548 185.81 0.20

Cash Flow Frm Operations (71,445) (51,438) (52,476) (47,528) (57,458) (63,737) (49,428) (49,417) (53,327) (66,510) (44,322) (56,062) (663,147) (1,939.03) (2.11)

Rent Guarantee 66,280 58,055 58,308 42,302 0 0 0 45,074 52,214 52,536 52,896 47,280 474,945

Balance Sheet Adjustments
Cash - Non Operating Accounts 792 (2,230) (4,698) 2,407 0 0 0 0 0 0 0 0 (3,729)
Accounts Receivable 9,672 (940) (590) 4,549 0 0 0 0 0 0 0 0 12,691
Prepaid Assets 372 (275) 86 156 0 0 0 0 0 (30,110) 0 0 (29,770)
Escrow Deposits (34,325) (34,325) (34,325) (34,325) (7,125) (2,951) (2,951) (2,951) 23,449 (2,951) (2,951) (2,951) (138,683)

Cash Increase (Decreae) From Assets (23,489) (37,770) (39,527) (27,213) (7,125) (2,951) (2,951) (2,951) 23,449 (33,061) (2,951) (2,951) (159,491)

Accounts Payable (5,209) 4,548 22,679 5,948 0 0 0 0 0 0 0 0 27,965
Accrued Expenses 34,702 17,279 26,292 32,763 0 0 0 0 0 0 0 0 111,034
Other Payables 1,398 6,448 1,789 (2,315) 0 0 0 0 0 0 0 0 7,320
Notess Payable 0 (763) (382) (382) 0 0 0 0 0 0 0 0 (1,527)

Cash Increase (Decreae) From Liab. 30,890 27,511 50,377 36,014 0 0 0 0 0 0 0 0 144,793

NET CASH FLOW 2,236 (3,642) 16,682 3,574 (64,583) (66,688) (52,379) (7,294) 22,336 (47,034) 5,624 (11,733) (202,901)
CUMM. NET CASH FLOW 29,014 25,372 42,054 45,628 (18,955) (85,643) (138,022) (145,316) (122,980) (170,014) (164,390) (176,123)

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$-

$(100,000)

$(200,000)

$(300,000)
Jan 2006 Feb 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

Units
Sq. Ft.
### 384807

bayclub2 160 146,080
castlep 356 384,807
cedar 300 274,080
congress 257 254,074
jackson 247 221,730
lee 10 22,160
rem 428 398,868
ric 5 24,952
parkside 300 305,832
polo 440 403,761
sat 440 548,750
sweet 240 264,892
trailapt 280 286,056
vlgcrest 120 108,276
walnut 284 254,103
westo 12 48,309
wind 346 433,196
usacourt 280 299,111
usawalcr 284 254,103
K30: administrator:
assume insurance increases by 50%

L30: administrator:
assume insurance increases by 50%

M30: administrator:
assume insurance increases by 50%

K46: administrator:
insurance downpayment

F47: administrator:
replacement reserve

G47: administrator:
replacement reserve + reduction in tax escrow due to overage

H47: administrator:
replacement reserve + reduction in tax escrow due to overage

I47: administrator:
replacement reserve + reduction in tax escrow due to overage

J47: administrator:
replacement reserve

K47: administrator:
replacement reserve + reduction in tax escrow due to overage

L47: administrator:
replacement reserve + reduction in tax escrow due to overage

M47: administrator:
replacement reserve + reduction in tax escrow due to overage
Courtney Downs Apartments
April-06
LEASING & OCCUPANCY

NUMBER OF MOVE INS: 16 INCOME THIS MONTH: $265,124.93
NUMBER OF MOVE OUTS: 16 INCOME LAST MONTH: $255,335.50
NET FOR THE MONTH: 0 DIFFERENCE: $9,789.43

TOTAL # GARAGES 120
# GARAGES OCCUPIED 116
OCCUPIED/LEASED %: 92.4% 95.3% GARAGES OCCUPIED %; 97%

SOURCE OF TRAFFIC: REASONS WHY PROSPECTS DID NOT LEASE:
Traffic Leased
APTGUIDE.COM 2 1 * Job Transfer 10
APARTMENT GUIDE 9 4 * Restricted Pet Breed 0
YELLOW PAGES 0 0 * Future/No Availability/Waiting list 0
OTHER. NET 19 5 * Just started looking. 8
FOR RENT 0 0 * Waiting for Home to Sell 17
RENT.NET 5 1 * Current Lease to Expire 0
LIVES IN AREA 14 4 * Needs Ground Floor 0
RESIDENT REFERRAL 6 4 * Moved Elsewhere 0
LOCATORS 11 2 * Will return with roommate or spouse 13
RENT.COM 0 0 * Realtor Looking for Client 0
WALK-IN 0 0 * Undecided 0
SIGNAGE 6 3 * Employment pending 7
WORD OF MOUTH 7 0 * House sale pending 0
* Rented at Competitor 0
TOTALS 79 24 TOTALS 55

CLOSING RATIO: 33%

MARKETING ACTIVITIES & SOURCES FOR THE MONTH

* New direct mailers from Blue Book will be going out in the next few weeks to Coyote Ranch.
* Updated all locators with new move in specials and price sheets took cookies to them for repeat business.
* Took donuts to three new local churches on Sundays to singles group with price sheets and new color flyers.
* Updated all Internet adds with current pricing and specials.

* Beginning outreach program with current residents who work for large employers, to take flyers to breakrooms, etc.
* Will waive those app fees and promote Resident Referral Program
*
*

OVERVIEW OF COMPARABLE PROPERTIES:
The surrounding comps are offering rents averaging one to three months off on a month lease.
and one and two bedrooms from $525 to $1095 and three bedrooms from $950 to $1275.

RESIDENT RETENTION:
Renewals for April averaged an increase of $27.00. We have continued to discuss all options with
residents to keep turnover to a minimum.
11- residents did not renew due to buying houses, 3-resident got new job, 1 got married.

INCIDENTS ON THE PROPERTY:
Apt #9103 had flood in apartment due to faulty sprinkler system
MAINTENANCE: ROUTINE REPLACEMENTS:
Number
Number of: Replaced
MARKET READY UNITS 15 REFRIGERATORS 0
COMPLETE PAINTS 7 DISHWASHERS 0
TOUCH UPS 8 STOVES 0
WORK ORDERS 195 A/C COMPRESSORS 0
Pending Completed 0 CONDENSING UNITS 0
Misc 0 32 15 WATER HEATERS 0
Electrical 0 18 45 ICE MAKERS 0
Punch 0 16 15 GARBAGE DISPOSALS 0
HVAC 0 10 11 MICROWAVES 0
Plumbing 0 93 89 CARPETS 7
Property Ext. 0 0 8 CEILING FANS 0
Appliances 0 23 12 TOILETS 0
Safety 0 0 0 A/C FAN MOTORS 0
Total 0 192 195 COUNTER TOPS 0
ROOF LEAKS 0 CABINETS RESURFACED KITCHEN 0
PLUMBING LEAKS 0 BLINDS 11
TUBS RESURFACED 0
TUB TILES 0

CAPITAL IMPROVEMENTS IN PROGRESS:
N/A in progress.

PROBLEM AREAS NEEDING ATTENTION:
Having issues with the sprinkler systems- a few broken main lines and 60 broken sprinkler heads-one broken line price will be deducted from the final Coloradoscapes
Our spa heat exchanger is replaced.

CURRENT STAFF:

Manager Nancy Howland
Assistant Manager Beth McCall
Leasing Consultant Wendy Gillan
Leasing Consultant Temporary personal.
Maintenance Supervisor Gabriel Tellez
Assistant Maintenance Russell Briley
Maintenance/ Grounds Jorge Chavez and Jorge Bernal

ACCOMPLISHMENTS FOR THE MONTH:
New landscapers have started and spring flowers will be planted in the next week.
rtney Downs Apartments
April-06
Apt. #

10311, 9205, 12205, 7311, 7103, 10106, 9307

6211-1, 7204-1, 13205-1, 12110-2, 10311-2, 3201-1, 19302-1, 16303-2

ken sprinkler heads-one broken line price will be deducted from the final Coloradoscapes bill
Courtney Downs
RENTAL SCHEDULE
April-06

UNIT TYPE #UNITS SIZE TOTAL MKT RENT MKT RENT MONTHLY ANNUAL
S/F PER UNIT PER S/F GROSS GROSS
A1 1BR 40 704 28,160 830 1.18 $33,200 $398,400
A1V 1BR 32 704 22,528 860 1.22 $27,520 $330,240
A2 1BR 18 910 16,380 935 1.03 $16,830 $201,960
B1 2BR 24 808 19,392 895 1.11 $21,480 $257,760
B1V 2BR 32 808 25,856 925 1.14 $29,600 $355,200
C 2BR 42 977 41,034 1130 1.16 $47,460 $569,520
C1 2BR 44 1,030 45,320 1150 1.12 $50,600 $607,200
C1V 2BR 22 1,030 22,660 1180 1.15 $25,960 $311,520
CV 2BR 24 977 23,448 1150 1.18 $27,600 $331,200
D 2BR 16 1,030 16,480 1150 1.12 $18,400 $220,800
DV 2BR 20 1,030 20,600 1180 1.15 $23,600 $283,200
E 3BR 24 1,140 27,360 1245 1.09 $29,880 $358,560
EV 3BR 4 1,140 4,560 1255 1.10 $5,020 $60,240
0
TOTAL 342 917 313,778 $1,044 $1.14 $357,150 $4,285,800
EFFECTIVE EFFECTIVE EFFECTIVE Vacants Notice Net
CONCESSION CONCESSION PER S/F MONTHLY Vacants Leased Notice Leased Available
RENTS* PER UNIT GROSS
725.00 105.00 1.03 $29,000 1 1 3 3 0
675.00 55.00 1.10 $31,000 1 0 1 0 2
825.00 110.00 0.91 $14,850 4 2 4 1 5
715.00 180.00 0.88 $17,160 7 2 7 0 12
775.00 150.00 0.96 $24,800 0 0 0 0 0
775.00 355.00 0.79 $32,550 7 2 6 0 13
800.00 350.00 0.78 $35,200 5 0 2 0 7
800.00 380.00 0.78 $17,600 0 0 0 0 0
800.00 350.00 0.82 $19,200 0 0 0 0 0
850.00 300.00 0.83 $13,600 0 0 0 0 5
850.00 330.00 0.83 $17,000 0 0 0 0 0
1,035.00 210.00 0.91 $24,840 3 2 2 0 3
1,035.00 220.00 0.91 $4,140 0 0 0 0 0

$821 0.90 $280,940 28 9 25 4 47
* Net of Concessions
MARKET SURVEY
Courtney Downs
April-06

Apartment Name Courtney Downs Brookside Village Carriage Place Coyote Ranch Windsor @ Meridian Pinnacle @ the Creek Greenbriar @ Saddle Rock Dove Valley Cherrywood Village Reserve @ South Creek
Address 15849 E. Jamison Dr 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
Phone 720-870-6114 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
Location Englewood, Co Greenwood Village, Co Denver, Co 80237 Aurora, Co Englewood, Co 80112 Centennial, Co Aurora, Co Englewood, Co 80112 Parker, Co 80134 Englewood, Co 80112
# of units 342 304 331 507 653 216 250 312 380 168
Age of Property 3 7 7 3 6 3 3 4 3 4
Application Fee $50.00 $30.00 $40.00 $35.00 $40.00 $35.00 $35.00 $35.00 $35.00 $40.00
Credit Card yes yes yes yes yes yes yes yes yes yes
Pets Allowed yes yes. yes yes yes yes yes yes yes yes
Pet Deposit 300 n/r 225-375 350-500 400-500 150-300 200-300 400 300-500 400 300-600
Sec. Deposit 150 300-400 275 275-325 300 100 250-400 199 99 225-375
W/D included Yes yes yes yes Only In Select Units Only Select Units no no no no
Covered Parking no no no yes yes yes yes yes yes yes
Garage Detached yes yes yes yes yes yes yes yes yes
Cable Yes yes yes yes yes yes yes yes yes yes
Tennis Courts no no yes no no no no yes yes yes
# of pools 1 1 2 1 1 1 1 1 2 1
Weight Room yes yes yes yes yes yes yes yes yes yes
Jacuzzi yes yes 2 1 1 1 1 1 2 1
Ceiling Fans yes yes yes yes yes yes yes yes yes yes
Microwaves yes yes yes yes yes yes yes yes yes yes
Mini Blinds yes yes yes yes yes yes yes yes yes yes
FF Freezer yes yes yes yes yes yes yes yes yes yes
Icemakers yes no yes yes yes yes yes yes yes yes
Fireplaces yes yes yes no yes yes yes yes yes yes
Access Gates no no yes yes yes no no yes yes yes
Alarm in Unit Prewired no yes no yes yes no yes no yes
Door to Door no yes no no no no no no no no
Aerobics/Kick Box no no no no no no no no no no
Movie Room no yes yes yes yes yes no yes yes yes
Computer Library yes yes yes yes yes yes yes yes yes yes
Indoor Basketball no no no no no no no no no no
Water Charge yes yes yes no yes yes yes yes yes yes
MARKET SURVEY
Courtney Downs
April-06
(Concessions reduced rates)

PROPERTY: Courtney Downs Apt Brookside Village Carriage Place Coyte 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
Efficiency
Efficiency
1B1B (A) 725 704 1.03 850 812 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 1.04
1B1B (B) 750 808 0.93 975 815 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 #DIV/0!
1B1B w/study 825 910 0.91 740 811 0.91 730 760 0.96 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
1B #DIV/0! #DIV/0! #DIV/0!
1B
1B w/loft
1B1B w/study 835 956 0.87 910 1051 0.87
2B2B (E) 775 977 0.79 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
2B2B (F) 800 1030 0.78 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 1.09
2B2B (G) 850 1030 0.83 1030 1180 0.87
2B2B (H)
2B2B
2B w/study
2B2B TH
2B2B TH
3B2B 1,035 1140 0.91 1600 1485 1.08 1265 1141 1.11 1350 1398 0.97 1510 1330 1.13 995 1230 0.87 1425 1235 1.15 1270 1356 0.94 1375 1235 1.11 1195 1257 0.95
3B2B 1645 1414 1.16

% occ /leased 92 95 95% 95.00 97 96% 97 98.00% 98% 93 91.3 96% 0 0% 93 91 94% 90 92 93% 97.0 96 93% 89.0 90 93% 92.0 95 96%
Avg PSF 1 0.88 1.06 1.19 1.05 1.01 0.87 1.09 0.95 1.11 0.98
Avg Rents 823 1144.00 1288.33 1114.00 993.75 807.50 1072.00 1004.00 1131.25 995.00
/ Avail)
Units(Total 342 9 304 11 331 5 507 20 653 216 8 292 22 312 8 360 41 0 168 5
Rates Special: 1-4 months off selected
Special:
units. $100 off 11-12 mo Special:
leases. $150 off market onSpecial:
12 mo lease.
$300 to $400 off market
Sepcial:None
12 mo lease. Special: waive deposits andSpecial:
administration
$150 tofees.
$200 off per mo onSpecial:3
12 mo leases.
months free over 12 Special:
month lease.
3 Months off of market Special: waive application or waive deposits.
reflect these rates: $685 1/1 $805 2/2 $1310 3/2 $150 giftcertificate to $626 1/1 $800 2/2 $1275 3/2
specials: special were pulled off the internet southwest airlines w/ look and lease
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 corporate
Ren:Per corporate Ren: $50 increases on 12 mo renewal.
Ren: $40 increas for 12 monthRen:
leaseAverage $15 to $20 increase.
Ren: Free carpet cleaning with 12mo.