crown laguna

Transcription

crown laguna

CROWN LAGUNA
EXHIBITS
L U X U R Y
|
C O N V E N T I O N A L
|
S E N I O R
|
S T U D E N T
|
C O M M E R C I A L
C O N T E N T S
Customized Report within Owner’s Software............................ 3
Sample Annual Budget with Schedules.....................................17
Standard Monthly Reporting Package...................................... 32
Standard Weekly Leasing Reports............................................ 80
Sample Market Reports............................................................ 83
Sample Marketing Strategy.....................................................148
Market Survey..........................................................................159
Marketing Budget....................................................................173
Upscale Living Capabilities.......................................................175
PINNACLE | EXCEEDING YOUR EXPECTATIONS
2
CUSTOMIZED REPORT
WITHIN OWNER’S
SOFTWARE
3
CONDUIT
Region
Southern California
Market
Orange County
Property Status
Planned, Prospective, Under
Construction
Rental Status
Property Count
Unit Count
% of Total
8
731
4.4%
40
13,837
83.1%
6
2,075
12.5%
Property Count
Total Unit Count
54
16,643
Fully Affordable
Market Rate
Partially Affordable
100.0%
Rental Status: Fully Affordable
Market
Submarket
Property
Orange
County
4 - Fullerton
Alexander, The
Unit Count
Property
Status
Owner
345 East Commonwealth Avenue
Richman Group of
Companies, The
Fullerton, CA 92832
Myers, Brian
95 Planned
Permit
Date
Forecasted
Completion
Date
Start of
Rent-Up
340 Pemberwick Road
Greenwich, CT 06831
(203) 869-0900
Orange
County
4 - Fullerton
Pacific Hawaiian
55 Planned
Roem Development
336 East Santa Fe Avenue
Goncharoff, Daniel
Fullerton, CA 92832
1650 Lafeyette Street
Santa Clara, CA 95050
(408) 984-5600
Page 1 of 13
Market
Submarket
Property
Orange
County
7 - South Buena City Yard
Park
SEC Stanton Avenue &
Orangethorpe Avenue
Unit Count
Property
Status
70 Planned
Owner
Permit
Date
Forecasted
Completion
Date
3/1/2014
7/1/2015
12/1/2013
3/1/2015
Start of
Rent-Up
Jamboree Housing
Okura, John
17701 Cowan Avenue #200
Buena Park, CA 90621
Irvine, CA 92614
(949) 263-8676
Orange
County
9 - East
Anaheim
Lincoln Avenue
70 Planned
Jamboree Housing
1256 East Lincoln Avenue
Okura, John
Anaheim, CA 92805
17701 Cowan Avenue #200
Irvine, CA 92614
(949) 263-8676
Orange
County
Oceana
19S Huntington/Seal 18151 Beach Blvd
Beach
Huntington Beach, CA 92648
AMCAL Multi-Housing
78 Under
Construction Nagarkatti, Arjun
30141 Agoura Blvd #100
Agoura Hills, CA 91301
(818) 706-0694
Orange
County
21 - Central
Santa Ana
Depot at Santiago, The
923 North Santiago Street
Orange Housing
Development
Santa Ana, CA 92701
Cottle, Todd
70 Planned
414 East Chapman Avenue
Orange, CA 92866
(714) 771-1479
Orange
County
28 - Central
County
Alegre
255 Visions Street
Irvine, CA 92620
AMCAL Multi-Housing
104 Under
Construction Nagarkatti, Arjun
12/3/2014
30141 Agoura Blvd #100
Agoura Hills, CA 91301
(818) 706-0694
Page 2 of 13
Market
Submarket
Property
Orange
County
33 - Mission
Viejo
Arroyo at Baker Ranch
100 Indigo Place
Unit Count
Property
Status
Owner
Meta Housing
189 Under
Construction Husky, John M.
Lake Forest, CA 92630
Permit
Date
Forecasted
Completion
Date
3/1/2014
4/1/2015
Permit
Date
Forecasted
Completion
Date
7/27/2014
2/1/2016
Start of
Rent-Up
1640 South Sepulveda Blvd
#425
Los Angeles, CA 90025
(310) 575-3543
Property Count
8
Total Unit
Count
731
Rental Status: Market Rate
Market
Submarket
Property
Orange
County
4 - Fullerton
Malden Station
130 West Santa Fe Avenue
Unit Count
Property
Status
Owner
Lennar Corporation
200 Under
Construction Gatchalian, Ryan
Fullerton, CA 92832
Start of
Rent-Up
25 Enterprise
Aliso Viejo, CA 92656
(949) 349-8000
Orange
County
9 - East
Anaheim
A-Town
1,600 Planned
Lennar Corporation
1404 East Katella Avenue
Gatchalian, Ryan
Anaheim, CA 92806
25 Enterprise
(949) 349-8000
Page 3 of 13
Market
Submarket
Property
Orange
County
9 - East
Anaheim
Jefferson at Platinum Triangle
Unit Count
Property
Status
Owner
TDI Real Estate
400 Under
Construction Villalba, Gus
Anaheim, CA 92805
Permit
Date
Forecasted
Completion
Date
1/26/2015
6/30/2016
3/1/2014
2/1/2016
Start of
Rent-Up
11975 El Camino Real
#205
San Diego, CA 92130
(858) 369-5670
Orange
County
9 - East
Anaheim
Katella Grand
Wolff Company, The
399 Under
Construction Bashaw, Scott
Anaheim, CA 92805
6710 East Camelback Road
#100
Scottsdale, AZ 85251
(480) 315-9595
Orange
County
9 - East
Anaheim
Park Viridian II
215 Prospective
Essex Property Trust
Taraschansky, Dmitry
Anaheim, CA 92805
925 East Meadow Drive
Palo Alto, CA 92614
(650) 494-3700
Orange
County
9 - East
Anaheim
Park Viridian III
185 Prospective
Essex Property Trust
Taraschansky, Dmitry
Anaheim, CA 92805
925 East Meadow Drive
Palo Alto, CA 92614
(650) 494-3700
Orange
County
9 - East
Anaheim
Platinum Vista
350 Planned
Wolff Company, The
Bashaw, Scott
Anaheim, CA 92805
#100
Scottsdale, AZ 85251
(480) 315-9595
Page 4 of 13
Market
Submarket
Property
Orange
County
9 - East
Anaheim
Vivere Phase II
Unit Count
Property
Status
244 Planned
Owner
Permit
Date
Forecasted
Completion
Date
Start of
Rent-Up
Moller Investment Group
Moller, John
Anaheim, CA 92805
6591 Collins Drive Suite E11
Anaheim, CA 93021
(805) 299-8200
Orange
County
10 - Central
Orange
Arbors at Peralta, The
380 Prospective
NWC North Canal Street and East
Meats Avenue
Fairfield Residential
Boynton, Richard
5510 Morehouse Drive
#200
Orange, CA 92865
San Diego, CA 92121
(858) 457-2123
Orange
County
12 - East Yorba
Linda/Anaheim
Hills
Savi Ranch
22744 Eastpark Drive
National Community
Renaissance
Yorba Linda, CA 92808
Izmajtovich, Alfredo
54 Prospective
9065 Haven Avenue #100
Rancho Cucamonga, CA
91730
(909) 483-2444
Orange
County
15 - Garden
Grove
Brookhurst Triangle
500 Planned
Brookhurst Street & West Garden
Grove Blvd
Kam Sang Company
Lam, Ronnie
411 East Huntington Drive
#305
Garden Grove, CA 92843
Arcadia, CA 91006
(626) 446-2988
Orange
County
15 - Garden
Grove
Uptown Orange
334 Planned
AMLI Residential
3537 The City Way East
Evans, Mark
Orange, CA 92868
1945 Vaughn Road
Kennesaw, GA 30144
(770) 281-3300
Page 5 of 13
Market
Submarket
Property
Orange
County
16 - West
Orange
A-Town Stadium
Unit Count
Property
Status
400 Planned
Owner
Permit
Date
Forecasted
Completion
Date
Start of
Rent-Up
Lennar Corporation
2115 East Orangewood Avenue
Gatchalian, Ryan
Anaheim, CA 92806
25 Enterprise
(949) 349-8000
Orange
County
16 - West
Orange
Legado City Place
182 Planned
EMC Financial
301 Jeanette Lane
Czuker, Edward M.
Santa Ana, CA 92705
710 North Canon Drive 2nd
Floor
Beverly Hills, CA 90210
(310) 432-0800
Orange
County
19N Westminster
Huntington Villa Yorba
Redevelopment
292 Planned
TOPA Management
Clopp, Gary
16000 Villa Yorba Lane
1800 Avenue of the Stars
#1400
(310) 203-9199
Orange
County
21 - Central
Santa Ana
1901 East First Street
264 Planned
Lyon Capital Ventures
1901 East First Street
Hay, Scott
Santa Ana, CA 92705
4901 Birch Street
Newport Beach, CA 92660
(949) 252-9101
Orange
County
22 - South
Santa Ana
Legado at the Met
284 Planned
EMC Financial
200 East First American Way
Czuker, Edward M.
Santa Ana, CA 92707
710 North Canon Drive 2nd
Floor
Beverly Hills, CA 90210
(310) 432-0800
Page 6 of 13
Market
Submarket
Property
Orange
County
23 - Costa Mesa Azulón at Mesa Verde
1500 Mesa Verde Drive East
Unit Count
Property
Status
Owner
Segerstrom, C. J.
235 Under
Construction Segerstrom, C.J.
Costa Mesa, CA 92626
Permit
Date
Forecasted
Completion
Date
Start of
Rent-Up
9/1/2012
2/1/2015
1/1/2014
4/23/2013
3/11/2015
7/1/2014
1/1/2013
3/1/2015
11/1/2014
6/1/2014
5/15/2015
8/1/2014
3315 Fairview Road
(714) 546-0110
Orange
County
23 - Costa Mesa Blue Sol
421 Bernard Street
Monogram Residential
113 Under
Construction Trust
Poynter, Robert
5800 Granite Pkwy #1000
Plano, TX 75024
(469) 250-5500
Orange
County
24 - Irvine
North
Amalfi
16000 Legacy Road
Irvine Company
528 Under
Construction Baldridge, Kevin
Tustin, CA 92782
550 Newport Center Drive
(949) 720-5500
Orange
County
24 - Irvine
North
Avalon Irvine Phase III
16952 Millikan Avenue
AvalonBay Communities
156 Under
Construction Walters, Tim
Irvine, CA 92606
4440 Von Karman Avenue
#300
(949) 955-6200
Orange
County
24 - Irvine
North
Irvine Gateway
469 Planned
Fairfield Residential
Boynton, Richard
Irvine, CA 92614
5510 Morehouse Drive
#200
San Diego, CA 92121
(858) 457-2123
Page 7 of 13
Market
Submarket
Property
Orange
County
24 - Irvine
North
Metropolis
Unit Count
Property
Status
457 Planned
Owner
Permit
Date
Forecasted
Completion
Date
4/1/2014
8/1/2016
10/1/2014
2/1/2017
3/1/2013
6/1/2015
Start of
Rent-Up
Garden Communities
2500 Main Street
Posnock, Stuart
Irvine, CA 92614
8530 Costa Verde Blvd
San Diego, CA 92122
(858) 558-9573
Orange
County
24 - Irvine
North
Millikan Avenue
16931 Millikan Avenue
Equity Residential
344 Under
Construction Altshuler, Barry
Irvine, CA 92606
4157 Via Marina 3rd Floor
Marina del Rey, CA 90292
(310) 437-8893
Orange
County
24 - Irvine
North
Residences at 2801 Kelvin
2801 Kelvin Avenue
UDR
381 Under
Construction Cantor, H. Andrew
Irvine, CA 92614
1745 Shea Center Drive
#200
Highlands Ranch, CO
80129
(720) 283-6120
Orange
County
25 - West Irvine Baker Street
125 Baker Street East
240 Planned
Red Oak Investments
Wong, Alex
2101 Business Center Drive
#230
Irvine, CA 92612
(949) 733-2000
Orange
County
25 - West Irvine Park Place
3395 Michelson Drive
Irvine, CA 92612
Irvine Company
989 Under
Construction Baldridge, Kevin
7/1/2014
550 Newport Center Drive
(949) 720-5500
Page 8 of 13
Market
Submarket
Property
Orange
County
25 - West Irvine Uptown Newport
4311 Jamboree Road
Unit Count
Property
Status
483 Planned
Owner
Permit
Date
Forecasted
Completion
Date
8/1/2014
11/1/2015
4/1/2013
5/1/2015
Start of
Rent-Up
Shopoff Group, The
Fitzpatrick, Edward
2 Park Plaza #700
Irvine, CA 92614
(949) 417-1396
Orange
County
28 - Central
County
El Toro Marine Base
300 Prospective
Lowe Enterprises
Irvine Blvd & Alton Pkwy
McNerney, Mike
Irvine, CA 92618
11777 San Vicente Blvd
#900
(858) 565-7285
Orange
County
28 - Central
County
Solaira at Pavilion Park
100 Ridge Valley Drive
Related Companies
221 Under
Construction Wong, Kenneth P.
Irvine, CA 92618
60 Columbus Circle 19th
Floor
New York, NY 10023
(212) 801-1000
Orange
County
31 - Laguna
Beach
27963 Cabot Road
233 Planned
Picerne Group, The
27963 Cabot Road
Check, Jason
Laguna Niguel, CA 92677
30950 Rancho Viejo Road
#200
San Juan Capistrano, CA
92675
(949) 487-6262
Orange
County
31 - Laguna
Beach
Career Lofts
28100 Cabot Road
United American
142 Under
Construction Properties
Roman, Paul
4699 Jamboree Road
(949) 756-8800
Page 9 of 13
Market
Submarket
Property
Orange
County
31 - Laguna
Beach
Gateway Village
Unit Count
Property
Status
351 Planned
Forbes Road & Crown Valley
Pkwy
Owner
Permit
Date
Forecasted
Completion
Date
5/1/2013
11/1/2015
1/1/2014
7/1/2015
Start of
Rent-Up
Alliance Residential
Company
Hutt, Robert
#600
Phoenix, AZ 85016
(602) 778-2800
Orange
County
31 - Laguna
Beach
Laguna Niguel
192 Planned
Picerne Group, The
25887 Crown Valley Pkwy
Check, Jason
30950 Rancho Viejo Road
#200
San Juan Capistrano, CA
92675
(949) 487-6262
Orange
County
31 - Laguna
Beach
Modera Laguna
25891 Crown Valley Pkwy
Mill Creek Residential
284 Under
Construction Trust
Dempsey, Mark
2001 Bryan Street #3275
Dallas, TX 75201
(214) 922-8500
Orange
County
31 - Laguna
Beach
Vista at Laguna Niguel, The
30122 Niguel Road
RW Selby & Company
176 Under
Construction Selby, Richard W.
7/15/2014
11661 San Vicente Blvd
#510
(310) 820-5151
Orange
County
32 - Laguna
Hills
Apartments at Oakbrook
Village, The
289 Planned
Shea Properties
Gilmore, Steve
24391 Avenida De La Carlota
130 Vantis #200
Laguna Hills, CA 92653
(949) 389-7245
Page 10 of 13
Market
Submarket
Property
Orange
County
33 - Mission
Viejo
Adagio on the Green
26600 Oso Pkwy
Unit Count
Property
Status
Owner
Watermarke Properties
256 Under
Construction DiLello, Peter
Mission Viejo, CA 92691
Permit
Date
Forecasted
Completion
Date
6/1/2014
9/30/2015
1/1/2014
5/1/2015
5/7/2014
9/1/2015
Permit
Date
Forecasted
Completion
Date
Start of
Rent-Up
7/1/2013
8/1/2015
4/15/2014
Start of
Rent-Up
410 North Main Street
Corona, CA 92880
(951) 372-2400
Orange
County
33 - Mission
Viejo
Avalon Baker Ranch
1000 Lupine
430 Under
8/1/2014
#300
(949) 955-6200
Orange
County
Sendero Gateway
34 - Rancho
Santa Margarita 1701 Gateway Place
Rancho Mission Viejo, CA 92625
Western National
285 Under
Construction Investments
LaPointe, Jerry
8 Executive Circle
Irvine, CA 92614
(949) 862-6200
Property Count
40
Total Unit
Count
13,837
Rental Status: Partially Affordable
Market
Submarket
Property
Orange
County
Boardwalk by Windsor
19S Huntington/Seal 7461 Edinger Avenue
Beach
Unit Count
Property
Status
Owner
Sares-Regis Group
487 Under
Construction Montgomery, William B.
18802 Bardeen Avenue
Irvine, CA 92612
(949) 756-5959
Page 11 of 13
Market
Submarket
Property
Orange
County
Edinger at Huntington Beach
19S Huntington/Seal 16001 Gothard Street
Beach
Unit Count
Property
Status
510 Planned
Owner
Permit
Date
Forecasted
Completion
Date
10/1/2012
6/1/2015
3/1/2014
6/1/2016
6/20/2013
3/1/2015
Start of
Rent-Up
Monogram Residential
Trust
Poynter, Robert
5800 Granite Pkwy #1000
Plano, TX 75024
(469) 250-5500
Orange
County
Elan Huntington Beach
19S Huntington/Seal 18502 Beach Blvd
Beach
Greystar Real Estate
274 Under
Construction Partners
Kaberna, Kevin
#450
Irvine, CA 92614
(949) 705-0010
Orange
County
Huntington Beach Lofts
19S Huntington/Seal 7302 Center Avenue
Beach
385 Under
#300
(949) 955-6200
Orange
County
24 - Irvine
North
Anton Legacy
3100 Park Avenue
Tustin, CA 92782
St. Anton Partners
225 Under
Construction Eggert, Steven L.
10/1/2014
1801 I Street #200
Sacramento, CA 95811
(916) 444-9897
Page 12 of 13
Market
Submarket
Property
Orange
County
24 - Irvine
North
Modera Irvine
2850 Kelvin Avenue
Irvine, CA 92614
Unit Count
Property
Status
Owner
Mill Creek Residential
194 Under
Construction Trust
Dempsey, Mark
Permit
Date
Forecasted
Completion
Date
Start of
Rent-Up
5/1/2013
2/1/2015
10/1/2014
2001 Bryan Street #3275
Dallas, TX 75201
(214) 922-8500
Property Count
6
Total Unit
Count
2,075
Page 13 of 13
SAMPLE ANNUAL
BUDGET WITH
SCHEDULES
4
ABC Apts, 460 Total Units
SUMMARY
Actual
2013
Reforecast
2014
3110000
3160000
3165-000
3180000
3270000
3280000
3300000
3358-000
3460-000
3650-000
3700-000
Gross Potential Rent
Loss/ Gain to Lease
RESIDENTIAL RENTAL INCOME
Vacancy Loss
Expense - Bad Debt
Loss to Models
Rent Concession
ADJUSTED RESIDENTIAL RENT
RENTAL INCOME
OTHER INCOME
INCOME
6,977,738
(311,595)
6,666,143
(236,937)
(96,272)
(14,040)
(16,228)
(363,476)
6,302,667
489,865
6,792,531
7,177,541
(228,609)
6,948,932
(310,883)
(96,235)
(14,040)
(2,610)
(423,767)
6,525,165
558,232
7,083,396
4029-000
4039-000
4095-000
4295-000
4397-000
4695-000
4795-000
4895-000
5199-000
5350-000
ADMIN. PAYROLL EXPENSES
R&M PAYROLL EXPENSES
PAYROLL EXPENSES
ADMINISTRATIVE EXPENSES
MARKETING/ RETENTION
MAINTENANCE & REPAIR
TURNOVER EXPENSES
UTILITIES
TAXES & INSURANCE
OPERATING EXPENSES
397,308
436,493
833,801
294,832
110,883
278,491
164,468
168,755
510,225
2,361,454
397,100
428,801
825,900
285,293
117,930
289,876
171,927
133,843
514,604
2,339,374
5400-000
NET OPERATING INCOME
4,431,077
6530-000
6600-000
DEBT SERVICE
NET INCOME
7099-000
7410-000
7500-000
8650-000
9130-000
9299-000
9800-000
NON OPERATING INCOME/ EXPENSE
OTHER/ MISCELLANEOUS EXPENSES
NET CASH FLOW
CAPITAL EXPENDITURES
NET INCOME
BALANCE SHEET ADJUSTMENTS
NET INCOME AFTER ADJUSTMENTS
Budget
2015
7,512,612
(266,208)
7,246,404
(342,967)
(72,464)
(15,420)
(430,851)
6,815,553
541,115
7,356,668
Incr./Decr.
Amount
Incr./Decr.
%
335,070.53
(37,598.18)
297,472.35
(32,084.53)
23,771.16
(1,380.00)
2,609.56
(7,083.81)
290,388.54
(17,116.88)
273,271.66
4.7%
16.4%
4.3%
10.3%
-24.7%
9.8%
-100.0%
1.7%
4.5%
-3.1%
3.9%
#N/A
#N/A
#N/A
315,401
128,131
281,843
162,340
134,648
537,828
#N/A
#N/A
#N/A
#N/A
30,108.32
10,200.70
(8,033.40)
(9,587.31)
804.53
23,224.37
#N/A
#N/A
#N/A
#N/A
10.6%
8.6%
-2.8%
-5.6%
0.6%
4.5%
#N/A
4,744,022
#N/A
#N/A
#N/A
2,988,520
1,442,557
2,986,882
1,757,140
2,988,017
#N/A
1,134.89
#N/A
#N/A
10,844
55,495
1,376,218
409,221
966,997
(409,221)
1,376,218
(15,408)
55,495
1,717,053
369,902
1,347,151
(303,228)
1,650,379
(15,408)
111,000
#N/A
402,420
#N/A
(303,228)
#N/A
0.02
55,504.56
#N/A
32,518.26
#N/A
0.10
#N/A
0.0%
100.0%
#N/A
8.8%
#N/A
0.0%
#N/A
0.0%
PER SF
Reforecast
Budget
2014
2015
20.38
(0.65)
19.73
(0.88)
(0.27)
(0.04)
(0.01)
(1.20)
18.52
1.58
20.11
21.33
(0.76)
20.57
(0.97)
(0.21)
(0.04)
(1.22)
19.35
1.54
20.88
Reforecast
2014
16,331.77
(578.71)
15,753.05
(745.58)
(157.53)
(33.52)
(936.63)
14,816.42
1,176.34
15,992.76
#N/A
#N/A
#N/A
685.66
278.54
612.70
352.91
292.71
1,169.19
#N/A
#N/A
#N/A
#N/A
65.45
22.18
(17.46)
(20.84)
1.75
50.49
#N/A
#N/A
#N/A
6,493.22
3,819.87
6,495.69
#N/A
#N/A
(33.50)
120.64
3,732.72
804.13
2,928.59
(659.19)
3,587.78
(33.50)
241.30
#N/A
874.83
#N/A
(659.19)
#N/A
0.00
120.66
#N/A
70.69
#N/A
0.00
#N/A
#N/A
#N/A
#N/A
#N/A
863.26
932.18
1,795.44
620.20
256.37
630.17
373.76
290.96
1,118.70
5,085.60
13.47
#N/A
10,313.09
8.48
4.99
#N/A
(0.04)
0.16
4.87
1.05
3.82
(0.86)
4.69
8.48
(0.04)
0.32
#N/A
1.14
#N/A
(0.86)
#N/A
Incr./Decr.
Amount
15,603.35
(496.98)
15,106.37
(675.83)
(209.21)
(30.52)
(5.67)
(921.23)
14,185.14
1,213.55
15,398.69
1.13
1.22
2.34
0.81
0.33
0.82
0.49
0.38
1.46
6.64
0.90
0.36
0.80
0.46
0.38
1.53
PER UNIT
Budget
2015
728.41
(81.74)
646.68
(69.75)
51.68
(3.00)
5.67
(15.40)
631.28
(37.21)
594.07
2.47
BUDGET DETAIL
Jan-15
3110000
3160000
3165-000
3180000
3270000
3280000
3300000
3358-000
3460-000
3502000
3514000
3516000
3520000
3522000
3524000
3526000
3528000
3530000
3544000
3550000
3557500
3558000
3566000
3580000
3582000
3584000
3588000
3650-000
3700-000
4012000
4014000
4018000
4020000
4020800
4021200
4021800
4023200
4026000
4027500
4029-000
4030100
4030400
4030800
4031200
4032000
4032200
4033000
4033800
4035200
4035800
4039-000
4095-000
4144000
4148000
4160000
4161000
4166000
4192000
4194000
4210000
4223000
4225100
4234000
4244000
Loss/ Gain to Lease
TOTAL RESIDENTIAL RENTAL INCOME
Vacancy Loss
Expense - Bad Debt
Loss to Models
Rent Concession
TOTAL ADJUSTED RESIDENTIAL RENT
TOTAL RENTAL INCOME
Forfeited Security Deposits
Non Refundable - Cleaning Fees
Non Refundable - Pet Fees
Fees - Application
Fees - Club House Rental
Fees - Late Payment
Fees - NSF
Fees - Termination
Fees - Transfer
Parking - Carport
Income - Cable Television
Income - Laundry
Income - Other
Income - Vending
Bad Debt Recovery
Damages
Eviction Charge
Furniture Rental
TOTAL OTHER INCOME
TOTAL INCOME
Administrative - Manager Salary
Administrative - Asst Mgr Salary
Administrative - Leasing Salary
Administrative - Rent Allowance
Administrative - Incentives
Administrative - Leasing Bonuses
Administrative - Medical Insurance
Administrative - Taxes
Administrative - Workers Compensation
Administrative - Temporary Help
TOTAL ADMIN. PAYROLL EXPENSES
Maintenance - Supervisor Labor
Maintenance - Assistant Labor
Maintenance - Cleaning/Porters
R&M - Rent Allowance
R&M - Bonuses
R&M - FICA
R&M - SUTA
R&M - Taxes
R&M - Workmans Compensation
R&M - Medical Insurance
TOTAL R&M PAYROLL EXPENSES
TOTAL PAYROLL EXPENSES
Employee Screening
Bank Charges
Dues & Subscription
Permits & Licenses
Cable Television
Legal - Evictions
Legal - Other
Accounting Service
Management Fee
Management Fee - Incentive
Equipment - Repair
Paper Supplies
626,051
(30,264)
595,787
(35,385)
(5,958)
(1,285)
(42,628)
553,159
950
4,200
352
100
5,400
150
2,200
200
5,950
11,394
7,550
1,100
360
5,300
3,100
150
3,800
52,256
605,415
8,115
3,439
8,034
2,022
1,250
1,900
1,518
#N/A
3,303
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
205
1,210
161
14,550
120
900
250
300
16,649
100
Feb-15
626,051
(29,053)
596,998
(32,664)
(5,970)
(1,285)
(39,919)
557,080
100
950
4,200
1,056
5,400
150
2,200
5,950
3,194
7,550
1,100
360
5,300
3,100
150
3,800
44,560
601,640
8,115
3,439
8,034
2,022
1,250
3,600
1,518
#N/A
3,501
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
1,800
250
300
16,545
100
Mar-15
626,051
(27,441)
598,610
(28,581)
(5,986)
(1,285)
(35,852)
562,759
950
4,200
1,056
200
5,400
150
2,200
5,950
3,194
7,550
1,100
360
5,300
3,100
150
3,800
44,660
607,419
8,115
3,439
8,034
2,022
1,250
3,500
1,518
#N/A
3,535
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
900
250
300
16,704
100
Apr-15
626,051
(26,064)
599,987
(27,220)
(6,000)
(1,285)
(34,504)
565,482
950
4,200
968
5,400
150
2,200
200
5,950
11,394
7,550
1,100
360
5,300
3,100
150
3,800
52,772
618,255
8,115
3,439
8,034
2,022
1,250
3,600
1,518
#N/A
564
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
1,800
250
300
17,002
100
May-15
626,051
(24,424)
601,627
(27,220)
(6,016)
(1,285)
(34,521)
567,106
100
950
4,200
968
200
5,400
150
2,200
5,950
7,550
1,100
360
5,300
3,100
150
3,800
41,478
608,584
8,115
3,439
8,034
2,022
1,250
3,700
1,518
#N/A
3,535
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
900
250
300
16,736
100
Jun-15
626,051
(22,713)
603,338
(27,220)
(6,033)
(1,285)
(34,538)
568,800
950
4,200
880
5,400
125
2,200
5,950
7,550
1,100
360
5,300
3,100
150
3,800
41,065
609,865
8,115
3,439
8,034
2,022
1,250
3,600
1,518
#N/A
3,535
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
565
120
1,800
250
300
16,771
100
Jul-15
626,051
(21,206)
604,845
(25,859)
(6,048)
(1,285)
(33,192)
571,653
100
950
4,200
880
200
5,400
125
2,200
200
5,950
8,200
7,550
1,100
360
5,300
3,100
150
3,800
49,765
621,418
8,115
3,439
8,034
2,022
1,250
3,900
1,518
#N/A
3,564
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
900
250
300
17,089
100
Aug-15
626,051
(19,235)
606,816
(24,498)
(6,068)
(1,285)
(31,851)
574,966
950
4,200
1,056
100
5,400
125
2,200
5,950
7,550
1,100
360
5,300
3,100
150
3,800
41,341
616,307
8,115
3,439
8,034
2,022
1,250
4,000
1,518
#N/A
3,608
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
1,800
250
300
16,948
100
Sep-15
626,051
(17,600)
608,451
(23,137)
(6,085)
(1,285)
(30,506)
577,945
100
950
4,200
1,188
200
5,400
125
2,200
5,950
7,550
1,100
360
5,300
3,100
150
3,800
41,673
619,618
8,115
3,439
8,034
2,022
1,250
5,000
1,518
#N/A
3,709
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
3,500
215
120
900
250
300
17,039
100
Oct-15
626,051
(17,080)
608,971
(25,859)
(6,090)
(1,285)
(33,233)
575,738
950
4,200
1,100
5,400
125
2,200
200
5,950
8,200
7,550
1,100
360
5,300
3,100
150
3,800
49,685
625,423
8,115
3,439
8,034
2,022
1,250
3,900
1,518
#N/A
3,738
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
1,800
250
300
17,199
100
Nov-15
626,051
(15,763)
610,288
(31,303)
(6,103)
(1,285)
(38,690)
571,598
100
950
4,200
748
200
5,400
125
2,200
5,950
7,550
1,100
360
5,300
3,100
150
3,800
41,233
612,831
8,115
3,439
8,034
2,022
1,250
1,700
1,518
#N/A
3,346
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
215
120
900
250
300
16,853
100
Dec-15
626,051
(15,366)
610,685
(34,025)
(6,107)
(1,285)
(41,416)
569,269
950
4,200
440
5,400
125
2,200
5,950
7,550
1,100
360
5,300
3,100
150
3,800
40,625
609,894
8,115
3,439
8,034
2,022
1,250
1,200
1,518
#N/A
3,157
#N/A
5,089
9,790
5,980
5,473
800
#N/A
#N/A
4,048
#N/A
#N/A
1,210
161
665
120
1,800
250
300
16,772
100
TOTAL
7,512,612
(266,208)
7,246,404
(342,967)
(72,464)
(15,420)
(430,851)
6,815,553
500
11,400
50,400
10,692
1,200
64,800
1,625
26,400
800
71,400
45,578
90,600
13,200
4,320
63,600
37,200
1,800
45,600
541,115
7,356,668
97,380
41,267
96,408
24,269
15,000
39,600
18,216
#N/A
39,096
#N/A
61,069
117,478
71,760
65,676
9,600
#N/A
#N/A
48,576
#N/A
#N/A
205
14,520
5,271
17,715
1,440
16,200
3,000
3,600
202,308
1,200
BUDGET DETAIL
Jan-15
4246000
4250000
4252000
4256000
4264000
4267000
4268000
4269000
4280000
4290000
4295-000
4301000
4304000
4311000
4313000
4318000
4332000
4333000
4334000
4338000
4355000
4356000
4358000
4366000
4370000
4375000
4382000
4384000
4388000
4391000
4395000
4397-000
4432000
4434000
4435000
4436000
4440000
4442000
4444000
4446000
4447000
4448000
4454000
4458000
4475000
4484000
4486000
4494000
4496000
4500000
4500500
4502000
4511000
4512000
4513000
4552000
4556000
4558000
4576000
4578000
4620000
4622000
4632000
4640000
4695-000
4702000
4713000
4715000
Printed Forms
Office Supplies
Overnight Mail
Postage
Computer/Modem
Pagers
Office Telephone
Internet
Travel Reimbursements
Other Administrative Expense
TOTAL ADMINISTRATIVE EXPENSES
Apartment Blue Book
Apartment Guide
Internet/On-Line Advertising
Promotions
Sign and Banners
Activities
Move-in Gifts
Hospitality
Newsletter
Model - Accessories
Shopping Reports
Training
Referrals - Resident
Tenant Screening
Collateral Supplies
Brochures
Business Cards
Name Badges
Uniforms
Marketing - Miscellaneous
TOTAL MARKETING/ RETENTION
Appliance Supplies
Cleaning Supplies
Doors/ Window Supplies
Electrical Supplies
Glass & Screen Supplies
Hardware Supplies
HVAC Supplies
Key & Lock Supplies
Light Bulbs
Paint Supplies
Plumbing Supplies
Roof Repairs Supplies
Carpet Cleaning Services
Electrical Services
Equipment Services
Pest Control Services
Plumbing Services
Roof Repair Services
Security Gate Services / Repairs
Uniforms-Repair & Maintenance
Temporary Contract Labor
Elevator - Contract
Elevator - Repair
Landscape - Annual Contract
Landscape - Irrigation Repairs
Landscape - Seasonal Services
Pool - Repair
Pool - Contract Maintenance
Security - Supplies
Security/Courtesy Patrol - Contract Service
Alarm - Service
Extinguisher Maintenance
TOTAL MAINTENANCE & REPAIR
Turnover - Carpet Cleaning
Turnover - Contract Cleaning
Turnover - Maintenance
60
450
25
175
161
300
900
160
35
1,600
38,311
950
1,575
3,703
130
500
100
425
325
50
506
325
495
100
300
1,175
10,659
50
1,290
300
350
25
75
508
450
1,295
1,750
25
4,500
50
1,600
500
650
400
500
300
650
4,000
25
1,800
175
800
3,800
90
25,958
240
190
1,250
Feb-15
60
450
25
175
161
300
900
160
35
1,600
24,567
950
1,575
3,703
130
500
100
425
325
506
325
495
100
1,175
10,309
50
1,290
300
350
25
75
524
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
175
800
3,800
90
19,674
2,160
2,090
1,250
Mar-15
60
450
25
175
211
300
900
160
35
5,000
27,276
950
1,575
3,703
130
500
100
425
325
506
325
495
100
500
125
1,175
10,934
50
1,290
300
350
25
75
524
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
175
800
3,800
90
19,674
2,040
1,995
1,250
Apr-15
60
450
25
175
161
300
900
160
35
1,600
25,024
950
1,575
3,703
130
500
100
425
325
50
100
506
325
495
100
25
1,175
10,484
50
1,290
300
350
25
75
522
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
1,800
175
800
3,800
90
21,472
2,040
1,995
1,250
May-15
60
450
25
175
161
300
900
160
35
1,600
23,858
950
1,575
3,703
130
500
100
425
325
506
325
495
100
1,175
10,309
50
1,290
300
350
25
75
522
450
1,295
1,750
25
4,500
50
1,600
500
650
400
300
650
4,000
25
175
800
3,800
90
23,672
2,160
2,090
1,250
Jun-15
60
450
25
175
211
300
900
160
35
1,600
25,193
950
1,575
3,703
130
500
100
425
325
506
325
495
100
125
300
1,175
10,734
50
1,290
300
350
25
75
520
450
1,295
1,750
25
500
50
1,600
500
650
400
500
300
650
4,000
25
15,000
175
800
3,800
90
35,170
1,920
1,900
1,250
Jul-15
60
450
25
175
161
300
900
160
35
1,600
24,211
950
1,575
3,703
130
500
100
425
325
50
506
325
495
100
1,175
10,359
50
1,290
300
350
25
75
520
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
1,800
175
800
3,800
90
21,470
1,800
1,805
1,250
Aug-15
60
450
25
175
161
300
900
160
35
1,600
24,970
950
1,575
3,703
130
500
100
425
325
100
506
325
495
100
1,175
10,409
50
1,290
300
350
25
75
524
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
175
800
3,800
90
19,674
2,160
2,185
1,250
Sep-15
60
450
25
175
211
300
900
160
35
1,600
27,550
950
1,575
3,703
130
500
100
425
325
506
325
495
100
500
125
1,175
10,934
50
1,290
300
350
25
75
527
450
1,295
1,750
25
4,500
50
1,600
500
650
400
300
650
4,000
25
175
800
3,800
3,690
5,000
32,277
2,520
2,470
1,250
Oct-15
60
450
25
175
161
300
900
160
35
1,600
25,221
950
1,575
3,703
130
500
100
425
325
50
506
325
495
100
1,175
10,359
50
1,290
300
350
25
75
525
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
1,800
175
800
3,800
90
21,475
2,640
2,565
1,250
Nov-15
60
450
25
175
161
300
900
160
35
1,600
23,975
950
1,575
3,703
130
2,300
100
425
325
506
325
495
100
1,175
12,109
50
1,290
300
350
25
75
517
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
2,000
175
800
3,800
90
21,667
2,040
1,995
1,250
Dec-15
60
450
25
175
161
300
900
160
35
1,600
25,244
950
1,575
3,703
130
500
100
425
325
100
506
325
495
100
125
1,175
10,534
50
1,290
300
350
25
75
510
450
1,295
1,750
25
500
50
1,600
500
650
400
300
650
4,000
25
175
800
3,800
90
19,660
1,200
1,140
1,250
TOTAL
720
5,400
300
2,100
2,082
3,600
10,800
1,920
420
22,600
315,401
11,400
18,900
44,436
1,560
7,800
1,200
5,100
3,900
200
300
6,072
3,900
5,938
1,200
1,000
500
25
600
14,100
128,131
600
15,480
3,600
4,200
300
900
6,243
5,400
15,540
21,000
300
18,000
600
19,200
6,000
7,800
4,800
1,000
3,600
7,800
48,000
300
24,200
2,100
9,600
45,600
4,680
5,000
281,843
22,920
22,420
15,000
BUDGET DETAIL
4716000
4795-000
4802000
4804000
4806000
4812000
4844000
4852000
4860000
4895-000
5004100
5006000
5199-000
5350-000
5400-000
6508000
6530-000
6600-000
6708000
7099-000
7402000
7410-000
7500-000
8026000
8062000
8090000
8140000
8170000
8260000
8270000
8290000
8325000
8330000
8480000
8550000
8585000
8605000
8647157
8650-000
9130-000
9216000
9299-000
9800-000
Turnover - Contract Painting
TOTAL TURNOVER EXPENSES
Electricity - Common Area
Electricity - Vacant Units
Electricity - Model
Gas - Common Area
Waste Removal
Water - Common Area
Utility Expense - Contra
TOTAL UTILITIES
Insurance - Liability
Property Taxes
TOTAL TAXES & INSURANCE
TOTAL OPERATING EXPENSES
NET OPERATING INCOME
Debt Service - Interest
TOTAL DEBT SERVICE
NET INCOME
Partnership - Fee
TOTAL NON OPERATING INCOME/ EXPENSE
Amortization Expense
TOTAL OTHER/ MISCELLANEOUS EXPENSES
NET CASH FLOW
Cptl - Boiler Replacement
Cptl - Building Exteriors
Cptl - Carpet/Vinyl Replacement
Cptl - Computer/ Software
Cptl - Counter Top Resurfacing
Cptl - Equipment Purchase
Cptl - Exterior Upgrades
Cptl - Furniture/ Clubhouse
Cptl - HVAC Replacement
Cptl - Interior Upgrades
Cptl - Plumbing Repairs
Cptl - Roof Replacement
Cptl - Signs
Cptl - Vinyl
Tree Trim/Removal/Landscape/Irrigation Upgrade
TOTAL CAPITAL EXPENDITURES
TOTAL NET INCOME
Capital Expense - Contra
TOTAL BALANCE SHEET ADJUSTMENTS
NET INCOME AFTER ADJUSTMENTS
Jan-15
2,125
3,805
25,580
8
57
6,900
6,580
5,025
(33,000)
11,150
7,470
37,349
44,819
#N/A
#N/A
253,319
253,319
#N/A
9,250
9,250
#N/A
875
500
6,300
950
16,000
750
3,285
28,660
#N/A
(25,269)
(25,269)
#N/A
Feb-15
9,250
14,750
25,580
88
57
6,900
6,580
5,025
(33,000)
11,230
7,470
37,349
44,819
#N/A
#N/A
229,256
229,256
#N/A
9,250
9,250
#N/A
875
500
6,300
45,000
950
4,000
750
3,285
61,660
#N/A
(25,269)
(25,269)
#N/A
Mar-15
8,875
14,160
25,580
84
57
6,900
6,580
5,025
(33,000)
11,226
7,470
37,349
44,819
#N/A
#N/A
253,819
253,819
#N/A
(15,408)
(15,408)
9,250
9,250
#N/A
875
500
6,300
2,500
950
4,000
750
3,285
19,160
#N/A
(25,269)
(25,269)
#N/A
Apr-15
8,875
14,160
25,580
84
57
6,900
6,580
5,025
(33,000)
11,226
7,470
37,349
44,819
#N/A
#N/A
245,632
245,632
#N/A
9,250
9,250
#N/A
875
500
6,300
18,000
950
16,000
750
2,000
3,285
48,660
#N/A
(25,269)
(25,269)
#N/A
May-15
9,625
15,125
25,580
88
57
6,900
6,580
5,025
(33,000)
11,230
7,470
37,349
44,819
#N/A
#N/A
253,819
253,819
#N/A
9,250
9,250
#N/A
875
4,500
6,300
5,000
950
4,000
750
3,285
25,660
#N/A
(25,269)
(25,269)
#N/A
Jun-15
8,875
13,945
25,580
80
57
6,900
6,580
5,025
(33,000)
11,222
7,470
37,349
44,819
#N/A
#N/A
245,632
245,632
#N/A
9,250
9,250
#N/A
875
500
6,300
4,000
950
4,000
750
3,285
20,660
#N/A
(25,269)
(25,269)
#N/A
Jul-15
8,500
13,355
25,580
76
57
6,900
6,580
5,025
(33,000)
11,218
7,470
37,349
44,819
#N/A
#N/A
253,819
253,819
#N/A
9,250
9,250
#N/A
875
500
6,300
950
16,000
750
3,285
28,660
#N/A
(25,269)
(25,269)
#N/A
Aug-15
10,000
15,595
25,580
92
57
6,900
6,580
5,025
(33,000)
11,234
7,470
37,349
44,819
#N/A
#N/A
253,819
253,819
#N/A
9,250
9,250
#N/A
875
500
6,300
950
4,000
750
60,000
3,285
76,660
#N/A
(25,269)
(25,269)
#N/A
Sep-15
11,125
17,365
25,580
104
57
6,900
6,580
5,025
(33,000)
11,246
7,470
37,349
44,819
#N/A
#N/A
245,632
245,632
#N/A
9,250
9,250
#N/A
875
500
6,300
950
4,000
750
3,285
16,660
#N/A
(25,269)
(25,269)
#N/A
Oct-15
11,125
17,580
25,580
108
57
6,900
6,580
5,025
(33,000)
11,250
7,470
37,349
44,819
#N/A
#N/A
253,819
253,819
#N/A
9,250
9,250
#N/A
875
500
6,300
950
16,000
750
2,000
3,285
30,660
#N/A
(25,269)
(25,269)
#N/A
Nov-15
8,500
13,785
25,580
84
57
6,900
6,580
5,025
(33,000)
11,226
7,470
37,349
44,819
#N/A
#N/A
245,632
245,632
#N/A
9,250
9,250
#N/A
875
500
6,300
950
4,000
750
3,285
16,660
#N/A
(25,269)
(25,269)
#N/A
Dec-15
5,125
8,715
25,580
48
57
6,900
6,580
5,025
(33,000)
11,190
7,470
37,349
44,819
#N/A
#N/A
253,819
253,819
#N/A
9,250
9,250
#N/A
875
500
6,300
950
16,000
750
3,285
28,660
#N/A
(25,269)
(25,269)
#N/A
TOTAL
102,000
162,340
306,960
944
684
82,800
78,960
60,300
(396,000)
134,648
89,640
448,188
537,828
#N/A
#N/A
2,988,017
2,988,017
#N/A
(15,408)
(15,408)
111,000
111,000
#N/A
10,500
10,000
75,600
24,500
45,000
5,000
11,400
108,000
9,000
60,000
4,000
39,420
402,420
#N/A
(303,228)
(303,228)
#N/A
Total Units
Mapped Units
Information is Per Yardi as of 11/05/2014
Unit Mix
Unit Type Name
1bd 1ba a - 260611a
1bd 1ba b - 260611b
1bd 1ba c - 260611c
1bd 1ba d - 260611d
1bd 1ba e - 260611e
1bd 1ba f - 260611f
2bd 2ba a - 260625a
2bd 2ba b - 260625b
2bd 2ba c - 260625c
Market Rent
SF
Count
1305.00
1285.00
1310.00
1292.00
1250.00
1240.00
1694.00
1651.00
1636.00
720
720
720
720
720
720
980
980
980
76
95
71
37
30
70
2
77
2
UNIT TYPES FOR BUDGETS (Pulls to Market Rent Tab)
Unit Type Name (Change if combining) Market Rent
Unit Type 1 1bd 1ba a - 260611a
$
1,305.00
Unit Type 2 1bd 1ba b - 260611b
$
1,285.00
Unit Type 3 1bd 1ba c - 260611c
$
1,310.00
Unit Type 4 1bd 1ba d - 260611d
$
1,292.00
Unit Type 5 1bd 1ba e - 260611e
$
1,250.00
Unit Type 6 1bd 1ba f - 260611f
$
1,240.00
Unit Type 7 2bd 2ba a - 260625a
$
1,694.00
Unit Type 8 2bd 2ba b - 260625b
$
1,651.00
Unit Type 9 2bd 2ba c - 260625c
$
1,636.00
Unit Type 10
$
Unit Type 11
$
Unit Type 12
$
Unit Type 13
$
Unit Type 14
$
Unit Type 15
$
Unit Type 16
$
Unit Type 17
$
Unit Type 18
$
Unit Type 19
$
Unit Type 20
$
Unit Type 21
$
Unit Type 22
$
Unit Type 23
$
Unit Type 24
$
Unit Type 25
$
Unit Type 26
$
Unit Type 27
$
$
Unit Type 28
Unit Type 29
$
Unit Type 30
$
Unit Type 31
$
Unit Type 32
$
Unit Type 33
$
Unit Type 34
$
Unit Type 35
$
-
SF
460
460
Group in the Columns Below: (When g
Count
720
720
720
720
720
720
980
980
980
-
76
95
71
37
30
70
2
77
2
-
1
1bd 1ba a - 260611a
1bd 1ba b - 260611b
1bd 1ba c - 260611c
1bd 1ba d - 260611d
1bd 1ba e - 260611e
1bd 1ba f - 260611f
2bd 2ba a - 260625a
2bd 2ba b - 260625b
2bd 2ba c - 260625c
UNIT AMENITIES WORKSHEET
Amenties are listed per Yardi. Enter price increase or decrease per amenity. Review Propert Snapshot Report in Yardi for amenity occupancy (under reports>pricing).
Amenity
Price Count
Balcony
15
67
Courtyard View
10
53
Ground Floors
15
120
Pool View
10
85
Premium 1
15
42
Premium 2
20
14
Premium 3
25
32
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Total
1,005
1,005
1,005
1,005
1,005
1,005
1,005
1,005
1,005
1,005
1,005
1,005
12,060
530
530
530
530
530
530
530
530
530
530
530
530
6,360
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
1,800
21,600
850
850
850
850
850
850
850
850
850
850
850
850
10,200
630
630
630
630
630
630
630
630
630
630
630
630
7,560
280
280
280
280
280
280
280
280
280
280
280
280
3,360
800
800
800
800
800
800
800
800
800
800
800
800
9,600
-
MARKET RENT WORKSHEET
MARKET RENT SUMMARY
Jan-15
620,156
Total Base Market Rents
5,895
Total Amenity Income
Total Reno Premiums
Total Gross Potential Rent $ 626,051
Average Market Rent $
1,361
Average Market Rent PSF $
1.78
Total Down Units
0
Total Units On-Line
460
6
BASE MARKET RENT ADJUSTMENTS (AMENITIES ARE NOT INCLUDED)
Jan-15
Base Rent as of 11/05/2014
% Increase (All floor plans)
0.0%
Totals
352,260
460
$ 620,156 $ 620,156 $ 620,156
1bd 1ba a - 260611a
720
76
$
1,305 $
1,305
1,305.00
1bd 1ba b - 260611b
720
95
$
1,285 $
1,285
1,285.00
1bd 1ba c - 260611c
720
71
$
1,310 $
1,310
1,310.00
1bd 1ba d - 260611d
720
37
$
1,292 $
1,292
1,292.00
1bd 1ba e - 260611e
720
30
$
1,250 $
1,250
1,250.00
1bd 1ba f - 260611f
720
70
$
1,240 $
1,240
1,240.00
2bd 2ba a - 260625a
980
2
$
1,694 $
1,694
1,694.00
2bd 2ba b - 260625b
980
77
$
1,651 $
1,651
1,651.00
2bd 2ba c - 260625c
980
2
$
1,636 $
1,636
1,636.00
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
$
- $
-
Unit Type Adjustments - Down Units/Lease Up/Renovation Only
$
$
$
$
Feb-15
620,156
5,895
626,051
1,361
1.78
0
460
7
Feb-15
0.0%
620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
$
$
$
$
Mar-15
620,156
5,895
626,051
1,361
1.78
0
460
8
Mar-15
0.0%
620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
$
$
$
$
Apr-15
620,156
5,895
626,051
1,361
1.78
0
460
9
Apr-15
0.0%
620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
May-15
620,156
5,895
$ 626,051
$
1,361
1.78
$
0
460
10
May-15
0.0%
$ 620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
$
$
$
$
Jun-15
620,156
5,895
626,051
1,361
1.78
0
460
11
Jun-15
0.0%
620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
$
$
$
$
Jul-15
620,156
5,895
626,051
1,361
1.78
0
460
12
Jul-15
0.0%
620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
Aug-15
620,156
5,895
$ 626,051
$
1,361
$
1.78
0
460
13
Aug-15
0.0%
$ 620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
Sep-15
620,156
5,895
$ 626,051
$
1,361
$
1.78
0
460
14
Sep-15
0.0%
$ 620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
$
$
$
$
Oct-15
620,156
5,895
626,051
1,361
1.78
0
460
15
Oct-15
0.0%
620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
Nov-15
620,156
5,895
$ 626,051
$
1,361
$
1.78
0
460
16
Nov-15
0.0%
$ 620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
Dec-15
620,156
5,895
$ 626,051
$
1,361
$
1.78
0
460
17
Dec-15
0.0%
$ 620,156
1,305.00
1,285.00
1,310.00
1,292.00
1,250.00
1,240.00
1,694.00
1,651.00
1,636.00
-
TOTAL
$ 7,441,872
$
70,740
$
$ 7,512,612
5,520
18
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
INCOME WORKSHEET
Financial Summary
Financial Statement Overview
3110000
Loss/ Gain to Lease
3160000
Jan-15
626,051
Potential Rent
Rent Concession
3300000
Net Potential Rent
Vacancy Loss
3180000
Feb-15
626,051
Mar-15
626,051
Apr-15
626,051
May-15
626,051
Jun-15
626,051
Jul-15
626,051
Aug-15
626,051
Sep-15
626,051
Oct-15
626,051
Nov-15
626,051
Dec-15
626,051
Total
7,512,612
(30,264)
(29,053)
(27,441)
(26,064)
(24,424)
(22,713)
(21,206)
(19,235)
(17,600)
(17,080)
(15,763)
(15,366)
(266,208)
595,787
596,998
598,610
599,987
601,627
603,338
604,845
606,816
608,451
608,971
610,288
610,685
7,246,404
0
0
0
0
0
0
0
0
0
0
0
0
0
595,787
596,998
598,610
599,987
601,627
603,338
604,845
606,816
608,451
608,971
610,288
610,685
7,246,404
(342,967)
(35,385)
(32,664)
(28,581)
(27,220)
(27,220)
(27,220)
(25,859)
(24,498)
(23,137)
(25,859)
(31,303)
(34,025)
Non-Rev Units
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(15,420)
Bad Debt
(5,958)
(5,970)
(5,986)
(6,000)
(6,016)
(6,033)
(6,048)
(6,068)
(6,085)
(6,090)
(6,103)
(6,107)
(72,464)
553,159
557,080
562,759
565,482
567,106
568,800
571,653
574,966
577,945
575,738
571,598
569,269
6,815,553
Physical Occupancy (Vacancy/GPR)
94.3%
94.8%
95.4%
95.7%
95.7%
95.7%
95.9%
96.1%
96.3%
95.9%
95.0%
94.6%
95.4%
Economic Occupancy
88.4%
89.0%
89.9%
90.3%
90.6%
90.9%
91.3%
91.8%
92.3%
92.0%
91.3%
90.9%
90.7%
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Total
Net Rental Income
Non-Rev & Bad Debt
Non-Rev Units
Loss to Staff Apartments
Unit - Police
Loss to Models
Unit - Office
Bad Debt Expense
GL Account
No Account Available>>
3280000
0
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
(1,285)
Jan-15
595,787
Feb-15
596,998
Mar-15
598,610
Apr-15
599,987
May-15
601,627
Jun-15
603,338
Jul-15
604,845
Aug-15
606,816
Sep-15
608,451
Oct-15
608,971
Nov-15
610,288
Dec-15
610,685
7,246,404
(5,958)
(5,970)
(5,986)
(6,000)
(6,016)
(6,033)
(6,048)
(6,068)
(6,085)
(6,090)
(6,103)
(6,107)
(72,464)
93.0%
428
32
0
460
94.3%
434
26
0
460
94.8%
436
24
0
460
95.4%
439
21
0
460
95.7%
440
20
0
460
95.7%
440
20
0
460
95.7%
440
20
0
460
95.9%
441
19
0
460
96.1%
442
18
0
460
96.3%
443
17
0
460
95.9%
441
19
0
460
95.0%
437
23
0
460
460
Jan-15
31
1
0
32
Feb-15
31
1
0
32
Mar-15
30
1
0
31
Apr-15
35
0
0
35
May-15
34
0
0
34
Jun-15
34
0
0
34
Jul-15
41
0
0
41
Aug-15
42
0
0
42
Sep-15
49
0
0
49
Oct-15
34
0
0
34
Nov-15
11
0
0
11
Dec-15
3
0
0
3
32%
11
63%
20
1
35%
12
59%
19
1
35%
11
61%
19
1
40%
14
57%
20
1
42%
15
53%
18
1
45%
16
50%
17
1
46%
19
51%
21
1
38%
16
57%
24
1
45%
23
51%
25
1
40%
14
56%
19
1
0%
0
91%
10
1
40%
2
0%
0
1
1
1
50
2
1
1
50
22
1
1
50
21
1
1
50
21
1
1
50
22
1
1
50
20
1
1
50
19
2
1
51
23
1
1
51
26
1
1
51
27
1
1
51
21
1
1
51
12
Jan-15
34
Feb-15
48
Mar-15
45
Apr-15
42
May-15
42
Jun-15
40
Jul-15
39
Aug-15
42
Sep-15
44
Oct-15
44
Nov-15
40
Dec-15
35
8
8
24
24
24
24
22
22
22
22
20
20
20
20
24
24
27
27
25
25
17
17
10
10
Total
495
0
243
243
Jan-15
94.3%
434
26
50
11%
0.4%
Feb-15
94.8%
436
24
50
11%
4.8%
Mar-15
95.4%
439
21
50
11%
4.6%
Apr-15
95.7%
440
20
50
11%
4.6%
May-15
95.7%
440
20
50
11%
4.8%
Jun-15
95.7%
440
20
50
11%
4.3%
Jul-15
95.9%
441
19
50
11%
4.1%
Aug-15
96.1%
442
18
51
11%
5.0%
Sep-15
96.3%
443
17
51
11%
5.7%
Oct-15
95.9%
441
19
51
11%
5.9%
Nov-15
95.0%
437
23
51
11%
4.6%
Dec-15
94.6%
435
25
51
11%
2.6%
Avg
95.4%
439
21
50
11%
51.3%
Net Potential Rent (GPR Less LTL and Conc)
Expense - Bad Debt
0
3270000
(15,420)
0
Total
Step 1: Beginning Occupancy
Beginning Occupied %
Beginning # Occupied Units
Beginning # Vacant Units
Down Units
Total Units On-Line
Step 2: Renewal and Move Out Activity
Scheduled Expirations
Total Scheduled Expirations as of 11/05/2014
+ Add 'l Estimated Expirations - Prior to Start of Budget
+ Add 'l Short Term Lease Expirations (from M/I Activity)
TOTAL ESTIMATED EXPIRATIONS
Dec-14 >>
Expiration Decisions
Renewal Conversion %
Dec-14 >>
= # Expirations that Renew (Starts following month)
Move Out %
Dec-14 >>
= # Expirations to Move Out (Starts following month)
# Unexpected M/O's: Skips, Evict. or Early Terms (Same Month)
Month to Month Activity
# Expirations Converting to MTM
Starting MTM>>
# MTM Move Outs
Ending Month to Month Units
Total Move Outs
0
100%
0
50
Total
375
3
0
378
Avg/Total
40%
153
56%
212
12
Total
13
12
605
236
Step 3: Leasing Activity
Move Ins
Total Vacant Units
# Actual Move Ins Short Term Leases
# Actual Move Ins - Full Term Leases
Total Move Ins
Lease Term
6
12
% of M/I's
0%
100%
Final Results
End of the Month Status
Ending Occupied %
# Units Occupied
# Ending Vacant Units
# Units MTM
MTM %
% of Monthly Turnover
Page 8 of 14
INCOME WORKSHEET
Monthly Activity Assumptions:
Forecasted Expirations & End of Month Occupancy
97%
95.9%
96%
60
95.7%
95.7%
95.9%
50
95.7%
95.4%
96%
40
95.0%
95%
94.8%
94.6%
95%
30
94.3%
20
94%
10
94%
93%
Forecasted Expirations
Forecasted Occupancy
96.3%
96.1%
32
32
31
35
34
34
41
42
49
34
11
3
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
0
Review of Monthly Rents
Average Market Rent Per Unit
New Move Ins: 6 Month Leases Per Unit All In Effective Rent*
New Move Ins: 12 Month Leases Per Unit All In Eff. Rent*
Renewals: Per Unit All In Eff. Rent
*All In Effective Rent includes LTL, Recurring & Upfront Concessions
Jan-15
$1,361
$1,361
$1,361
$1,361
Feb-15
$1,361
$1,361
$1,361
$1,268
Mar-15
$1,361
$1,361
$1,361
$1,318
Apr-15
$1,361
$1,361
$1,361
$1,310
May-15
$1,361
$1,361
$1,361
$1,330
Jun-15
$1,361
$1,361
$1,361
$1,349
Jul-15
$1,361
$1,361
$1,361
$1,345
Aug-15
$1,361
$1,361
$1,361
$1,361
Sep-15
$1,361
$1,361
$1,361
$1,349
Oct-15
$1,361
$1,361
$1,361
$1,299
Nov-15
$1,361
$1,361
$1,361
$1,361
Dec-15
$1,361
$1,361
$1,361
$1,361
All In Rates - Per Unit
$1,380
New Leases & Renewals
$1,360
$1,340
$1,320
$1,300
$1,280
$1,260
$1,240
$1,220
Jan-15
Feb-15
Mar-15
Apr-15
May-15
New M/I's Short Term
Jun-15
Jul-15
New M/I's Long Term
Aug-15
Sep-15
Renewals
Oct-15
Nov-15
Dec-15
Average Market Rent
Loss To Lease Analysis
Loss To Lease Analysis
Average Market Rent
NEW MOVE INS: $ Discount From Market Rent
6 Month Lease Move In Discount Per Unit
6 Month Avg Signed Rent - New Move Ins
12 Month Lease Move In Discount Per Unit
12 Month Avg Signed Rent - New Move Ins
Renewals: $ Discount From Market Rent
12 Month Lease Renewal Discount Per Unit
Avg Signed Rent - Renewals
Beginning Loss to Lease Total
Beginning LTL Per Occupied Unit
Factors Adjusting Loss to Lease Amount:
Change in LTL Due to Change in GPR
Decrease LTL: Prior Month Expirations
Decrease LTL: Expirations - 6 Month Lease
Increase LTL: New Move In - 6 Month Lease
Increase LTL: New Move In - 12 Month Lease
Increase LTL: Renewals
# of Move Ins
enter as negative>>
enter as negative>>
# of Renewals
enter as negative>>
enter as negative>>
Jan-15
$1,361
8
Feb-15
$1,361
24
Mar-15
$1,361
24
Apr-15
$1,361
22
May-15
$1,361
22
Jun-15
$1,361
20
Jul-15
$1,361
20
Aug-15
$1,361
24
Sep-15
$1,361
27
Oct-15
$1,361
25
Nov-15
$1,361
17
Dec-15
$1,361
10
$1,361
$0
$1,361
11
$0
$1,361
($30,264)
($71)
$1,361
$0
$1,361
12
($93)
$1,268
($30,264)
($70)
$1,361
$0
$1,361
11
($43)
$1,318
($29,053)
($67)
$1,361
$0
$1,361
14
($51)
$1,310
($27,441)
($63)
$1,361
$0
$1,361
15
($31)
$1,330
($26,064)
($59)
$1,361
$0
$1,361
16
($12)
$1,349
($24,424)
($56)
$1,361
$0
$1,361
19
($16)
$1,345
($22,713)
($52)
$1,361
$0
$1,361
16
$0
$1,361
($21,206)
($48)
$1,361
$0
$1,361
23
($12)
$1,349
($19,235)
($44)
$1,361
$0
$1,361
14
($62)
$1,299
($17,600)
($40)
$1,361
$0
$1,361
0
$0
$1,361
($17,080)
($39)
$1,361
$0
$1,361
2
$0
$1,361
($15,763)
($36)
$0
$0
$0
$0
$0
$0
$2,231
$0
$0
($1,020)
$0
$2,132
$0
$0
($520)
$0
$1,938
$0
$0
($561)
$0
$2,073
$0
$0
($433)
$0
$1,887
$0
$0
($176)
$0
$1,755
$0
$0
$0
($248)
$0
$1,972
$0
$0
$0
$0
$0
$1,828
$0
$0
$0
($193)
$0
$1,947
$0
$0
$0
($1,426)
$0
$1,317
$0
$0
$0
$0
$0
$397
$0
$0
$0
$0
Page 9 of 14
Total
INCOME WORKSHEET
Ending Loss to Lease Total
Ending LTL Per Occupied Unit
LTL as a percent of GPR
LTL Assumptions:
($30,264.00)
($70)
5%
($29,052.80)
($67)
5%
($27,440.81)
($63)
4%
($26,064.07)
($59)
4%
($24,423.86)
($56)
4%
Page 10 of 14
($22,712.81)
($52)
4%
($21,206.15)
($48)
3%
($19,234.61)
($44)
3%
($17,600.27)
($40)
3%
($17,079.52)
($39)
3%
($15,762.73)
($36)
3%
($15,365.96)
($35)
2%
($266,207.60)
INCOME WORKSHEET
Concession Analysis (Enter as a positive)
Concession Assumptions
Move Ins- Short Term Leases
Upfront Concession
% Receiving Conc.
# of 6 Month Move Ins
Amount
enter as positive
100%
Avg./ Move In
Recurring Concession (Prorated)
% Receiving Conc.
6 Month Terms
100%
Move Ins - Full Term Leases
Upfront Concession
% Receiving Conc.
enter as positive
Amount
Avg./ Move In
# of 12 Month Move Ins
Amount
100%
Avg./ Move In
12 Month Terms
% of Move Ins with Recurring Concessions
12
% Receiving Conc.
100%
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
0
0
0
0
0
0
0
0
0
0
0
0
$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
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
8
24
24
22
22
20
20
24
27
25
17
10
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
100%
$0.00
11
12
11
14
15
16
19
16
23
14
0
2
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
12
100%
$0.00
Jan-15
100%
$0.00
Feb-15
100%
$0.00
Mar-15
100%
$0.00
Apr-15
100%
$0.00
May-15
100%
$0.00
Jun-15
100%
$0.00
Jul-15
100%
$0.00
Aug-15
100%
$0.00
Sep-15
100%
$0.00
Oct-15
100%
$0.00
Nov-15
100%
$0.00
Dec-15
0
0
0
Amount
Avg./ Move In
Renewals
# of Renewals
Upfront Concession
enter as positive
Amount
% of Renewals with Upfront Concessions
% Receiving Conc.
100%
Avg./ Renewal
Proration Term (months)
12 Month Terms
Amount
% of Renewals with Recurring Concession
12
% Receiving Conc.
100%
Avg./ Renewal
In Place and Add.'l Conc.
Current In Place Conc. Burn Off Schedule
Per Yardi as of:
11/5/14
$
Add.'l Recurring Conc. Prior to Budget Start (Projected)
enter as positive
Other Recurring Concessions (ex: Pref. Employer)
enter as positive
In Place and Add.'l Concessions
$
Concession Assumptions Summary
New Move In's
0
Hide
0
Hide
Hide
0
Hide
Total
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
$
$
$
$
Dec-15
Total
Up Front Move In Concessions $
Recurring Move In Concessions $
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
Up Front Renewal Concessions $
Recurring Renewal Concessions $
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
$
$
$
-
Up Front Concessions $
Recurring Concessions (In place and projected) $
Avg Per Unit Recurring Concession $
Total Concessions
$
Concession Assumptions:
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
Total Move In Concessions
Renewals
Total Renewal Concessions
Total Concessions
4
5
6
7
8
9
10
11
12
13
14
15
Review of Market Rent Schedule
Prior Years Actual/Reforecast
Account Description
Loss/ Gain to Lease
Vacancy Loss
Expense - Bad Debt
Loss to Models
Rent Concession
GL Account
3110000
3160000
3180000
3270000
3280000
3300000
Jan-14
563,535.00
1,886.00
(16,362.64)
3,661.53
(1,170.00)
(435.58)
Feb-14
563,492.00
3,584.00
(16,806.90)
(7,760.18)
(1,170.00)
(417.50)
Mar-14
574,562.00
(7,385.00)
(17,925.88)
(7,992.27)
(1,170.00)
(758.57)
Apr-14
579,789.00
(8,605.00)
(28,349.71)
(8,724.81)
(1,170.00)
(98.41)
May-14
587,781.00
(13,807.00)
(33,097.95)
(7,466.58)
(1,170.00)
21.00
Jun-14
604,974.47
(27,771.00)
(33,097.95)
(12,092.67)
(1,170.00)
(600.06)
END INCOME SECTION
Page 11 of 14
Jul-14
604,547.00
(25,109.00)
(32,469.45)
(15,742.03)
(1,170.00)
7.00
Aug-14
610,222.00
(27,376.42)
(26,682.00)
(8,718.96)
(1,170.00)
1.31
Sep-14
610,805.00
(25,122.00)
(32,721.84)
(3,535.01)
(1,170.00)
31.28
Oct-14
625,898.00
(34,968.00)
(21,555.26)
(11,825.02)
(1,170.00)
74.89
Nov-14
625,968.00
(32,968.00)
(25,906.96)
(8,019.60)
(1,170.00)
(217.46)
Dec-14
625,968.00
(30,968.00)
(25,906.00)
(8,019.60)
(1,170.00)
(217.46)
Total
7,177,541.47
(228,609.42)
(310,882.54)
(96,235.20)
(14,040.00)
(2,609.56)
-
Payroll
PAYROLL WORKSHEET
Bonus Worksheet
Activity Per Income Worksheet
# of New Leases
# of Renewals
Administrative Bonuses
Bonus paid per lease
Bonus paid per renewal
Total Bonuses from New Leases
Total Bonuses from Renewals
Total Other Leasing Bonuses
Total Incentive Bonuses
Maintenance Bonuses
Total Other Bonuses
Jan-15
8
11
Feb-15
24
12
Mar-15
24
11
Apr-15
22
14
May-15
22
15
Jun-15
20
16
Jul-15
20
19
Aug-15
24
16
Sep-15
27
23
Oct-15
25
14
Nov-15
17
0
Dec-15
10
2
Total
243
153
Jan-15
100
100
800
1100
0
Feb-15
100
100
2400
1200
0
Mar-15
100
100
2400
1100
0
Apr-15
100
100
2200
1400
0
May-15
100
100
2200
1500
0
Jun-15
100
100
2000
1600
0
Jul-15
100
100
2000
1900
0
Aug-15
100
100
2400
1600
0
Sep-15
100
100
2700
2300
0
Oct-15
100
100
2500
1400
0
Nov-15
100
100
1700
0
0
Dec-15
100
100
1000
200
0
Total
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
75
0
825
75
0
900
75
0
825
75
0
1050
75
0
1125
75
0
1200
75
0
1425
75
0
1200
75
0
1725
75
0
1050
75
0
0
75
0
150
Administrative Team Members Compensation
Budget Year
Associate Name
Start
End
% Allocated
(optional)
Position
Date
Date
Insurance Eligibility Month to Property
Flavia Risiglione
Manager
1/1/15 12/31/15
None
100.0%
Susanna Rodriguez
Asst Mgr. 1/1/15 12/31/15
All
100.0%
Brianna Forgette
Leasing
1/1/15 12/31/15
None
100.0%
Veronica Rodriguez
Leasing
1/1/15 12/31/15
All
100.0%
Darlene Cedill
Leasing
1/1/15 12/31/15
All
100.0%
All
100.0%
Administrative Team Member Compensation
Total Administrative Salaries & OT
Total Bonuses - Performance & Individual
Employee Rental Allowance
Total Administrative Compensation Package
Jan-15
Non-Payroll & Tax Administrative Burden
Medical Insurance
Taxes & Workers Comp
Payroll Service Fee
Non-Payroll & Tax Administrative Burden
Jan-15
19,588
3,150
1,681
24,419
1,518
#N/A
682
#N/A
Jan-15
Non-Payroll & Tax Maintenance Burden
Medical Insurance
Payroll Service Fee
Non-Payroll & Tax Maintenance Burden
Jan-15
16,907
800
5,473
23,180
3,036
#N/A
531
#N/A
OT Hrs/
Week
Budget Start
Annual
Salary or Hrly
$94,544.00
$19.27
$16.37
$15.40
$13.14
New Increased Rate
Annual
Month of
Salary/ Hrly
Increase
$97,380.00
Jan
$19.84
Jan
$16.96
Jan
$15.86
Jan
$13.53
Jan
Total
G/L Account Selection
4021200Administrative - Leasing Bonuses
$0
$11,475
$0
$0
0
0
0
0
Rental Allowances
Monthly
Comp Pkg.
Cost
Begin Month Before Bonuses G/L Account Selection for Salaries
$
$1,681.00
$341.40
All
All
$
$
$
$
$
97,380 4012000Administrative - Manager Salary
61,439 4014000Administrative - Asst Mgr Salary
39,374 4018000Administrative - Leasing Salary
Apr-15
19,588
4,850
1,681
26,119
May-15
19,588
4,950
1,681
26,219
Jun-15
19,588
4,850
1,681
26,119
Jul-15
19,588
5,150
1,681
26,419
Aug-15
19,588
5,250
1,681
26,519
Sep-15
19,588
6,250
1,681
27,519
Oct-15
19,588
5,150
1,681
26,419
Nov-15
19,588
2,950
1,681
24,219
Dec-15
19,588
2,450
1,681
23,719
Total
235,055
54,600
20,172 4020000Administrative - Rent Allowance
309,827
Feb-15
1,518
#N/A
733
#N/A
Mar-15
1,518
#N/A
730
#N/A
Apr-15
1,518
#N/A
733
#N/A
May-15
1,518
#N/A
736
#N/A
Jun-15
1,518
#N/A
733
#N/A
Jul-15
1,518
#N/A
742
#N/A
Aug-15
1,518
#N/A
745
#N/A
Sep-15
1,518
#N/A
775
#N/A
Oct-15
1,518
#N/A
742
#N/A
Nov-15
1,518
#N/A
676
#N/A
Dec-15
1,518
#N/A
661
#N/A
Total
18,216
#N/A
8,690
#N/A
Pay Type
Hourly
Hourly
Hourly
Hourly
Hourly
Hourly
OT Hrs/
Week
Budget Start
Annual
Salary or Hrly
$28.51
$16.45
$14.89
$12.19
$12.00
$10.35
New Increased Rate
Annual
Month of
Salary/ Hrly
Increase
$29.36
Jan
$16.94
Jan
$15.33
Jan
$12.55
Jan
$12.36
Jan
$11.00
Jan
Rental Allowances
Monthly
Comp Pkg.
Cost
Begin Month Before Bonuses
$
81,241
$1,681.00
All
$
38,403
$264.00
All
$
52,058
$1,681.00
All
$
41,944
$1,320.00
All
$
28,949
$270.00
All
$
25,964
$257.00
All
G/L Account Selection for Salaries
4030100Maintenance - Supervisor Labor
4030400Maintenance - Assistant Labor
4030800Maintenance - Cleaning/Porters
4030800Maintenance - Cleaning/Porters
Feb-15
16,907
800
5,473
23,180
Mar-15
16,907
800
5,473
23,180
Apr-15
16,907
800
5,473
23,180
May-15
16,907
800
5,473
23,180
Jun-15
16,907
800
5,473
23,180
Jul-15
16,907
800
5,473
23,180
Aug-15
16,907
800
5,473
23,180
Sep-15
16,907
800
5,473
23,180
Oct-15
16,907
800
5,473
23,180
Nov-15
16,907
800
5,473
23,180
Dec-15
16,907
800
5,473
23,180
Total
202,883
9,600
65,676 4031200R&M - Rent Allowance
278,159
Feb-15
3,036
#N/A
531
#N/A
Mar-15
3,036
#N/A
531
#N/A
Apr-15
3,036
#N/A
531
#N/A
May-15
3,036
#N/A
531
#N/A
Jun-15
3,036
#N/A
531
#N/A
Jul-15
3,036
#N/A
531
#N/A
Aug-15
3,036
#N/A
531
#N/A
Sep-15
3,036
#N/A
531
#N/A
Oct-15
3,036
#N/A
531
#N/A
Nov-15
3,036
#N/A
531
#N/A
Dec-15
3,036
#N/A
531
#N/A
Total
36,432
#N/A
6,374
#N/A
Page 12 of 14
Individual
Bonuses
Amount Month
$900
All
$350
All
Error Checking
0
0
0
-
Mar-15
19,588
4,750
1,681
26,019
Hourly Rate Details
Part Time
Full Time?
Hours
Hrs/ Week
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
0
0
0
0
Feb-15
19,588
4,850
1,681
26,119
Maintenance Team Members Compensation
Budget Year
Associate Name
Start
End
% Allocated
(optional)
Position
Date
Date
Ej Fleming
Supervisor 1/1/15 12/31/15
All
100.0%
Juan Damasco
Technician 1/1/15 12/31/15
All
100.0%
Juan Guerra
Assistant
1/1/15 12/31/15
All
100.0%
Victor Fajardo
Technician 1/1/15 12/31/15
All
100.0%
Cleaning/P 1/1/15 12/31/15
All
100.0%
Castulo Delgadillo
Cleaning/P 1/1/15 12/31/15
All
100.0%
Everene Huerta
Maintenance Team Member Compensation
Total Maintenance Salaries & OT
Total Bonuses - Performance & Individual
Total Maintenance Compensation Package
Pay Type
Salary
Hourly
Hourly
Hourly
Hourly
Hourly Rate Details
Part Time
Full Time?
Hours
Hrs/ Week
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
$24,300
$15,300
$0
$0
Yes
No
0
0
0
Click Here: To Add Employee Rent Account
Individual
Bonuses
Amount Month
$300
All
$100
All
$100
All
$100
All
$100
All
$100
All
Error Checking
0
0
0
0
0
0
Payroll
PAYROLL WORKSHEET
Bonus Worksheet
# of New Leases
# of Renewals
Maintenance Bonuses
Jan-15
8
11
Feb-15
24
12
Mar-15
24
11
Apr-15
22
14
May-15
22
15
Jun-15
20
16
Jul-15
20
19
Aug-15
24
16
Sep-15
27
23
Oct-15
25
14
Nov-15
17
0
Dec-15
10
2
Total
243
153
Jan-15
100
100
800
1100
0
Feb-15
100
100
2400
1200
0
Mar-15
100
100
2400
1100
0
Apr-15
100
100
2200
1400
0
May-15
100
100
2200
1500
0
Jun-15
100
100
2000
1600
0
Jul-15
100
100
2000
1900
0
Aug-15
100
100
2400
1600
0
Sep-15
100
100
2700
2300
0
Oct-15
100
100
2500
1400
0
Nov-15
100
100
1700
0
0
Dec-15
100
100
1000
200
0
Total
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
75
0
825
75
0
900
75
0
825
75
0
1050
75
0
1125
75
0
1200
75
0
1425
75
0
1200
75
0
1725
75
0
1050
75
0
0
75
0
150
OT Hrs/
Week
Budget Start
Annual
Salary or Hrly
Total Other Bonuses
Other Team Members Compensation (Driver/Security - On Payroll)
Budget Year
Associate Name
Start
End
% Allocated
(optional)
Position
Date
Date
All
100.0%
All
100.0%
All
100.0%
All
100.0%
Other Team Member Compensation (Driver/Security Tea
Total Other Team Member Salaries & OT
Total Bonuses - Individual
Total Other Team Member Compensation Package
Jan-15
Non-Payroll & Tax Other Team Member Compensation B
Medical Insurance
Payroll Service Fee
ayroll & Tax Other Team Member Compensation Burden
Jan-15
-
#N/A
#N/A
Pay Type
Hourly
Hourly
Hourly
Hourly
Hourly Rate Details
Part Time
Full Time?
Hours
Hrs/ Week
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
New Increased Rate
Annual
Month of
Salary/ Hrly
Increase
Feb-15
-
Mar-15
-
Apr-15
-
May-15
-
Jun-15
-
Jul-15
-
Aug-15
-
Sep-15
Feb-15
#N/A
#N/A
Mar-15
#N/A
#N/A
Apr-15
#N/A
#N/A
May-15
#N/A
#N/A
Jun-15
#N/A
#N/A
Jul-15
#N/A
#N/A
Aug-15
#N/A
#N/A
Sep-15
-
#N/A
#N/A
Yes
No
$24,300
$15,300
$0
$0
Total
0
0
0
0
$0
$11,475
$0
$0
0
0
0
0
Rental Allowances
Monthly
Comp Pkg.
Cost
Individual
Bonuses
Amount Month
$
-
0
$
-
0
$
-
0
$
-
0
Oct-15
-
Nov-15
-
Dec-15
-
Total
Oct-15
#N/A
#N/A
Nov-15
#N/A
#N/A
Dec-15
#N/A
#N/A
Total
-
#N/A
#N/A
Other Team Member Compensation
Associate Name
(optional)
Position
Ricardo Morales/painter Other
David Tamayo/Porter Other
Budget Year
Start
End
% Allocated
Date
Date
1/1/15 12/31/15
All
100.0%
1/1/15 12/31/15
All
100.0%
All
100.0%
All
100.0%
Other Team Member Compensation (Janitorial, Landscap
Total Other Team Member Salaries & OT
Total Bonuses - Individual
Total Other Team Member Compensation Package
Jan-15
Non-Payroll & Tax Other Team Member Compensation B
Medical Insurance
Payroll Service Fee
ayroll & Tax Other Team Member Compensation Burden
Jan-15
Pay Type
Hourly
Hourly
Hourly
Hourly
Hourly Rate Details
Part Time
Full Time?
Hours
Hrs/ Week
Yes
40.0
Yes
40.0
Yes
40.0
Yes
40.0
OT Hrs/
Week
Budget Start
Annual
Salary or Hrly
$11.33
$10.82
New Increased Rate
Annual
Month of
Salary/ Hrly
Increase
$11.66
Jan
$11.14
Jan
Rental Allowances
Monthly
Comp Pkg.
Cost
$
24,253 4030400Maintenance - Assistant Labor
$
23,171 4030800Maintenance - Cleaning/Porters
2
Medicare
Social Security
FUTA
SUTA
SIIS or Tri-Met
WC - Admin
WC - Maint
WC - Other (Driver)
WC - Other
WC - Washington State Only
Medical Insurance
Legend:
3
4
Rate
Limit
1.450% None
6.200%
106,800
0.800%
7,000
#N/A
#N/A
0.000%
0
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
14.525%
#N/A
1.02305
$ 506.00
-
0
-
0
Feb-15
3,952
200
4,152
Mar-15
3,952
200
4,152
Apr-15
3,952
200
4,152
May-15
3,952
200
4,152
Jun-15
3,952
200
4,152
Jul-15
3,952
200
4,152
Aug-15
3,952
200
4,152
Sep-15
3,952
200
4,152
Oct-15
3,952
200
4,152
Nov-15
3,952
200
4,152
Dec-15
3,952
200
4,152
Total
47,424
2,400
49,824
1,012
#N/A
125
#N/A
Feb-15
1,012
#N/A
125
#N/A
Mar-15
1,012
#N/A
125
#N/A
Apr-15
1,012
#N/A
125
#N/A
May-15
1,012
#N/A
125
#N/A
Jun-15
1,012
#N/A
125
#N/A
Jul-15
1,012
#N/A
125
#N/A
Aug-15
1,012
#N/A
125
#N/A
Sep-15
1,012
#N/A
125
#N/A
Oct-15
1,012
#N/A
125
#N/A
Nov-15
1,012
#N/A
125
#N/A
Dec-15
1,012
#N/A
125
#N/A
Total
12,144
#N/A
1,495
#N/A
6
Feb-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
7
Mar-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
8
Apr-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
9
May-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
10
Jun-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
11
Jul-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
12
Aug-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
13
Sep-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
14
Oct-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
15
Nov-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
16
Dec-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
Data entry or selection from Set Up or Payroll Tab
Payroll
# of Pay. Periods in Month
Employee Units
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
7,495.40
2
89,944.80
24
ADMINISTRATIVE PAYROLL DETAIL
Payroll Service Fee Calculation
Jan-15
Total Administrative Payroll (OT & Salaries)
4020800Administrative - Incentives
Feb-15
Mar-15
Apr-15
Jun-15
Jul-15
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
19,587.93
May-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Total
235,055.20 <--G/L Selection done by individual
Individual Bonuses
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
Performance Bonuses
1,900.00
3,600.00
3,500.00
3,600.00
3,700.00
3,600.00
3,900.00
4,000.00
5,000.00
3,900.00
1,700.00
1,200.00
39,600.00
Total Administrative Payroll Bonuses, OT, and Salaries
4023200Administrative - Taxes
Payroll Service Fee
22,737.93
682.14
24,437.93
733.14
24,337.93
730.14
24,437.93
733.14
24,537.93
736.14
24,437.93
733.14
24,737.93
742.14
24,837.93
745.14
25,837.93
775.14
24,737.93
742.14
22,537.93
676.14
22,037.93
661.14
289,655.20
4020000Administrative - Rent Allowance Employee Rental Allowance
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
2,022.40
24,268.80
Perf. Bonus Burden Calc.
Jan-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
15,000.00
8,689.66
Dec-15
Medicare
27.55
52.20
50.75
52.20
53.65
52.20
56.55
58.00
72.50
56.55
24.65
17.40
574.20
Social Security
117.80
223.20
217.00
223.20
229.40
223.20
241.80
248.00
310.00
241.80
105.40
74.40
2,455.20
FUTA
SUTA
15.20
#N/A
SIIS or Tri-Met
WC - Admin
Administrative Taxes & B*Includes Perf. Bonuses Above
4021800Administrative - Medical Insurance
Feb-15
28.80
#N/A
#N/A
Jan-15
28.00
#N/A
-
28.80
#N/A
-
29.60
#N/A
-
28.80
#N/A
-
31.20
#N/A
-
32.00
#N/A
-
40.00
#N/A
31.20
#N/A
-
-
13.60
#N/A
-
9.60
#N/A
316.80
#N/A
-
-
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
#N/A
Medical Insurance
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
1,518.00
Medicare
329.70
354.35
352.90
354.35
355.80
354.35
358.70
360.15
374.65
358.70
326.80
319.55
4,200.00 <--Includes all bonuses
Social Security
1,409.75
1,515.15
1,508.95
1,515.15
1,521.35
1,515.15
1,533.75
1,539.95
1,601.95
1,533.75
1,397.35
1,280.79
FUTA
SUTA
SIIS or Tri-Met
4026000Administrative - Workers Compensation
165.78
#N/A
-
WC - Admin
Total Administrative Taxes & Burden (Incl. Perf. Bonuses)
118.76
#N/A
3,302.59
#N/A
67.46
#N/A
3,501.46
#N/A
28.80
#N/A
3,534.99
#N/A
29.60
#N/A
564.04
#N/A
28.80
#N/A
3,534.99
#N/A
31.20
#N/A
3,534.99
#N/A
32.00
#N/A
3,564.04
#N/A
40.00
#N/A
3,607.61
#N/A
31.20
#N/A
3,709.28
#N/A
13.60
#N/A
3,738.33
#N/A
#N/A
Page 13 of 14
596.80 <--Includes all bonuses
#N/A
-
3,346.17
18,216.00
9.60
#N/A
3,157.43
#N/A
0
$
3,952
200
4,152
5
Jan-15
1.450%
6.200%
0.800%
#N/A
0.000%
#N/A
#N/A
#N/A
14.525%
1.02305
0
$
TAX & BURDEN LOOK UP TABLE
Vlookup Table
Individual
Bonuses
Amount Month
$100
All
$100
All
<--Includes all bonuses
-
#N/A
Payroll
PAYROLL WORKSHEET
Bonus Worksheet
# of New Leases
# of Renewals
Maintenance Bonuses
Total Other Bonuses
Jan-15
8
11
Feb-15
24
12
Mar-15
24
11
Apr-15
22
14
May-15
22
15
Jun-15
20
16
Jul-15
20
19
Aug-15
24
16
Sep-15
27
23
Oct-15
25
14
Nov-15
17
0
Dec-15
10
2
Total
243
153
Jan-15
100
100
800
1100
0
Feb-15
100
100
2400
1200
0
Mar-15
100
100
2400
1100
0
Apr-15
100
100
2200
1400
0
May-15
100
100
2200
1500
0
Jun-15
100
100
2000
1600
0
Jul-15
100
100
2000
1900
0
Aug-15
100
100
2400
1600
0
Sep-15
100
100
2700
2300
0
Oct-15
100
100
2500
1400
0
Nov-15
100
100
1700
0
0
Dec-15
100
100
1000
200
0
Total
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
75
0
825
75
0
900
75
0
825
75
0
1050
75
0
1125
75
0
1200
75
0
1425
75
0
1200
75
0
1725
75
0
1050
75
0
0
75
0
150
Yes
No
$24,300
$15,300
$0
$0
Total
$0
$11,475
$0
$0
0
0
0
0
MAINTENANCE PAYROLL DETAIL
Total Maintenance Payroll (OT & Salaries)
Jan-15
16,906.93
Feb-15
16,906.93
Mar-15
16,906.93
Apr-15
16,906.93
May-15
16,906.93
Jun-15
16,906.93
Jul-15
16,906.93
Aug-15
16,906.93
Sep-15
16,906.93
Oct-15
16,906.93
Nov-15
16,906.93
Dec-15
16,906.93
Individual Bonuses
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
-
-
-
-
-
-
-
-
-
-
-
-
4032000R&M - Bonuses
Performance Bonuses
4031200R&M - Rent Allowance
Total
9,600.00
-
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
17,706.93
531.21
212,483.20
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
5,473.00
65,676.00
Medicare
11.96
Feb-15
13.05
Mar-15
11.96
Apr-15
15.23
May-15
16.31
Jun-15
17.40
Jul-15
20.66
Aug-15
17.40
Sep-15
25.01
Oct-15
15.23
Nov-15
-
Dec-15
2.18
166.39
Social Security
51.15
55.80
51.15
65.10
69.75
74.40
88.35
74.40
106.95
65.10
-
9.30
711.45
FUTA
6.60
7.20
6.60
8.40
9.00
9.60
11.40
9.60
13.80
8.40
-
1.20
Total Maintenance Payroll Bonuses, OT, and Salaries
Payroll Service Fee
Perf. Bonus Burden Calc.
Jan-15
SUTA
#N/A
SIIS or Tri-Met
WC - Maint
Maintenance Taxes & Bu*Includes Perf. Bonuses Above
#N/A
-
#N/A
#N/A
-
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
91.80
#N/A
#N/A
6,374.50
#N/A
#N/A
Medical Insurance
3,036.00
Feb-15
3,036.00
Mar-15
3,036.00
Apr-15
3,036.00
May-15
3,036.00
Jun-15
3,036.00
Jul-15
3,036.00
Aug-15
3,036.00
Sep-15
3,036.00
Oct-15
3,036.00
Nov-15
3,036.00
Dec-15
3,036.00
4033800R&M - Taxes
Medicare
268.71
269.80
268.71
271.98
273.06
274.15
277.41
274.15
281.76
271.98
256.75
258.93
4033800R&M - Taxes
Social Security
1,148.98
1,153.63
1,148.98
1,162.93
1,167.58
1,172.23
1,186.18
1,172.23
1,204.78
1,162.93
1,097.83
1,107.13
4035800R&M - Medical Insurance
Jan-15
#N/A
4033800R&M - Taxes
FUTA
4033800R&M - Taxes
SUTA
4033800R&M - Taxes
SIIS or Tri-Met
4035200R&M - Workmans Compensation
148.26
#N/A
118.63
#N/A
-
78.10
#N/A
-
19.81
#N/A
-
9.00
#N/A
-
9.60
#N/A
-
11.40
#N/A
-
9.60
#N/A
-
13.80
#N/A
-
8.40
#N/A
-
#N/A
-
36,432.00
1.20
#N/A
427.80 <--Includes all bonuses
#N/A
-
-
-
WC - Maint
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
Total Maintenance Taxes & Burden (Includes Perf. Bonuses)
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
DRIVER/SECURITY PAYROLL DETAIL
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Total
Total Driver/Security Payroll (OT & Salaries)
-
-
-
-
-
-
-
-
-
-
-
-
-
Individual Bonuses
-
-
-
-
-
-
-
-
-
-
-
-
-
Total Driver/Security Payroll Bonuses, OT, and Salaries
Payroll Service Fee
0
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
#N/A
<--G/L Selection done by individual
No Performance Bonus
Driver/Security Taxes & Burden
0
0
0
0
0
0
0
Jan-15
Medical Insurance
Medicare
Social Security
FUTA
SUTA
SIIS or Tri-Met
WC - Other (Driver)
Total Driver/Security Taxes & Burden
Feb-15
Apr-15
#N/A
#N/A
Mar-15
#N/A
#N/A
#N/A
Feb-15
Mar-15
#N/A
#N/A
#N/A
#N/A
-
Jun-15
#N/A
#N/A
May-15
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
#N/A
-
Jul-15
-
#N/A
Aug-15
-
#N/A
-
Sep-15
-
#N/A
-
Oct-15
Dec-15
#N/A
#N/A
Nov-15
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
Oct-15
Nov-15
Dec-15
Total
#N/A
-
#N/A
-
-
#N/A
#N/A
-
-
<--Includes all
<--Includes all
<--Includes all
<--Includes all
<--Includes all
<--Includes all
bonuses
bonuses
bonuses
bonuses
bonuses
bonuses
JANITORIAL/LANDSCAPING PAYROLL DETAIL
Jan-15
Total Driver/Security Payroll (OT & Salaries)
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
3,952.00
Individual Bonuses
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
2,400.00
Total Janitorial/Landscape Payroll Bonuses, OT, and Salaries
Payroll Service Fee
0
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
4,152.00
124.56
-
49,824.00
1,494.72
-
Feb-15
1,012.00
60.20
257.42
33.22
#N/A
#N/A
#N/A
Mar-15
1,012.00
60.20
257.42
33.22
#N/A
#N/A
#N/A
Apr-15
1,012.00
60.20
257.42
12.35
#N/A
#N/A
#N/A
May-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
Jun-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
Jul-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
Aug-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
Sep-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
Oct-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
Nov-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
Dec-15
1,012.00
60.20
257.42
#N/A
#N/A
#N/A
12,144.00
722.45
3,089.09
112.00
#N/A
#N/A
#N/A
#N/A
No Performance Bonus
Driver/Security Taxes & Burden
4035800R&M - Medical Insurance
Medical Insurance
4033800R&M - Taxes
Medicare
4033800R&M - Taxes
Social Security
4033800R&M - Taxes
FUTA
4033800R&M - Taxes
SUTA
4033800R&M - Taxes
SIIS or Tri-Met
4035200R&M - Workmans Compensation
WC - Other (Driver)
Total Janitorial/Landscape Taxes & Burden
Jan-15
1,012.00
60.20
257.42
33.22
#N/A
#N/A
#N/A
Page 14 of 14
0
0
0
0
<--Includes all
<--Includes all
<--Includes all
<--Includes all
<--Includes all
<--Includes all
bonuses
bonuses
bonuses
bonuses
bonuses
bonuses
STANDARD MONTHLY
REPORTING PACKAGE
5
December 2014
FINANCIAL EXHIBITS
1. Key Performance Statistics
A. Box Score Summary
B. Lease Expiration Report
C. Gross Potential Rent Report
2. Financial Statement
Budget Comparison
3. Reforecast Detail
12 Month Actual v Budget
4. Balance Sheet
w/Net Change from Prior Period
5. Trial Balance
6. Cash Flow Statement
7. Check Register
8. Capital Invoices
9. Debt Statement
10. General Ledger
11. Bank Statement Reconciliation
IMPORTANT DISCLOSURE
The enclosed financial statements and related material have been prepared by the Pinnacle Client Reporting team based upon information provided by
the property owner, financial activity generated at the property level as well as other third party information. The Pinnacle Client Reporting team does not
have access to all information that may influence the financial statements of the entity that owns the property. The primary purpose of the enclosed
statements, reports and material is to provide the owner of the property with sufficient information to allow the owner to prepare the financial statements
for the entity that owns the property. The Pinnacle Client Reporting team is not responsible for ensuring compliance with FASB Accounting Standards
Codification. Compliance with these standards is the responsibility of the entity accountants. The material prepared is intended for the sole use of the
owner of the property and their internal accountants.
1/14/2015 4:29 PM
BoxScore Summary
) Date
= 11/26/2014-12/25/2014
Availability
Occupied
Vacant
Vacant
Notice
Notice
% Occ
Avg. Sq Ft.
Avg. Rent
Units
No Notice
Rented
Unrented
Rented
Unrented
Avail
Model
Down
Admin
% Occ
w/NonRev
% Leased
% Trend
750
1,166
24
22
0
1
0
1
2
0
0
0
95.83
95.83
95.83
91.67
1bd 1.5bath Den
1,010
1,342
42
40
0
0
1
1
1
0
0
0
100
100
100
97.62
1bd 1.5bath Den Deluxe
1,040
1,385
6
6
0
0
0
0
0
0
0
0
100
100
100
100
3673251
2bd 2bath Yard
1,040
1,557
12
11
0
0
0
1
1
0
0
0
100
100
100
91.67
3673252
2bd 2bath Balcony
1,040
1,453
8
8
0
0
0
0
0
0
0
0
100
100
100
100
367325dc
2bd 2bath Den Cottage
1,300
1,750
1
1
0
0
0
0
0
0
0
0
100
100
100
100
Code
Name
367311
1bd 1bath
367313d
367313dx
367325x2
2bd 2bath Large Balcony
1,040
1,550
4
4
0
0
0
0
0
0
0
0
100
100
100
100
367335
3bd 2bath Cottage
1,300
1,875
21
21
0
0
0
0
0
0
0
0
100
100
100
100
Total
1,019
1,443
118
113
0
1
1
3
4
0
0
0
99.15
99.15
99.15
96.61
Cancel
Notice/Skip
Cancel
On-Site
Month To
Units
Move In
Move In
Move Out
Move Out
/Early Term
Notice
Rented
Transfer
Month
Renewal
Move In
Evict
Eviction
Resident Activity
Reverse
Cancel
Cancel
Code
Name
367311
1bd 1bath
24
0
0
1
0
1
0
0
0
0
0
0
0
0
367313d
1bd 1.5bath Den
42
0
0
0
0
2
0
1
0
0
0
0
0
0
367313dx
6
0
0
0
0
0
0
0
0
0
1
0
0
0
3673251
2bd 2bath Yard
12
0
0
0
0
1
0
0
0
0
0
0
0
0
3673252
2bd 2bath Balcony
8
0
0
0
0
0
0
0
0
0
0
0
0
0
367325dc
1
0
0
0
0
0
0
0
0
0
1
0
0
0
367325x2
367335
3bd 2bath Cottage
Total
4
2
0
0
0
0
0
1
0
0
1
0
0
0
21
3
0
1
0
0
0
3
0
0
1
0
0
0
118
5
0
2
0
4
0
5
0
0
4
0
0
0
Conversion Ratios
First Contact
%vGross
Unq.
% Qual.
Calls
Walk-in
Email
Other
Unq. First
Contact
Show
Applied
Approved
Conv Ratio
Shows
Conv Ratio
Denied
Cancels
Re-Apply
Conv Ratio
Not Specified
0
5
0
0
0
0
0
0
0
0
0
0
0
0
0
1bd 1bath
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Code
Name
Not Specified
367311
% Net
367313d
1bd 1.5bath Den
0
1
0
0
0
0
1
1
100
0
100
0
0
0
100
367313dx
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3673251
2bd 2bath Yard
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3673252
2bd 2bath Balcony
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
367325dc
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
367325x2
1
0
0
0
0
0
1
1
100
0
100
0
0
0
100
367335
3bd 2bath Cottage
1
1
0
0
0
0
3
2
300
0
300
1
0
0
200
Total
2
7
0
0
0
0
5
4
500
0
500
1
0
0
400
Page 1 of 1
1/14/2015 4:30 PM
Lease Expiration
Month Year = 12/2014
Property
Unit Type
Units
MTM
Dec-15
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Total
res36731
3bd 2bath Cottage(367335)
21.00
3.00
0.00
1.00
1.00
1.00
1.00
1.00
1.00
4.00
2.00
1.00
2.00
1.00
16.00
res36731
1bd 1.5bath Den(367313d)
42.00
5.00
0.00
2.00
3.00
5.00
6.00
0.00
3.00
8.00
3.00
3.00
1.00
0.00
34.00
res36731
1bd 1bath(367311)
24.00
1.00
1.00
1.00
3.00
4.00
1.00
2.00
1.00
3.00
3.00
0.00
1.00
3.00
23.00
res36731
2bd 2bath Den Cottage(367325dc)
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.00
1.00
res36731
2bd 2bath Balcony(3673252)
8.00
1.00
0.00
1.00
0.00
1.00
1.00
1.00
1.00
0.00
0.00
0.00
2.00
0.00
7.00
res36731
2bd 2bath Large Balcony(367325x2)
4.00
1.00
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
res36731
1bd 1.5bath Den Deluxe(367313dx)
6.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.00
0.00
0.00
1.00
1.00
0.00
5.00
res36731
2bd 2bath Yard(3673251)
12.00
2.00
0.00
0.00
2.00
0.00
0.00
2.00
1.00
3.00
0.00
0.00
1.00
0.00
9.00
res36731
Ivanhoe Village Apartments (res36731)
118.00 13.00
1.00
5.00
9.00
11.00
9.00
6.00
10.00
18.00
8.00
5.00
8.00
5.00 95.00
Page 1 of 1
1/14/2015 4:30 PM
As
Of = 12/25/2014
Month Year = 12/2014
Unit
Occ
Vacant
Non-Rev
Market
Loss/Gain
Potential
Property
Count
Units
Units
Units
Rent
to Lease
Rent
res36731 - Ivanhoe Village Apartments
118.00
117.00
1.00
0.00
170,265.00
7,041.00
163,224.00
Actual
Con-
Write
Rental
Receipts
Receipts
Loss FROM
Vacancy
Rent
cession
Off
Income
Current
Prior
Delinquency
Prepay
4,406.28
158,817.72
-1,000.00
-7,075.60
150,742.12
157,452.72
7,709.51
1,365.00
967.87
Non Rev.
Units
Page 1 of 1
0.00
1/14/2015 4:31 PM
Budget Comparison
Period = Dec 2014
Book = Cash
PTD Actual PTD Budget
Variance
% Var
YTD Actual
YTD Budget
Variance
% Var
Annual
3000-000 INCOME
3100-000
3105-000
3110-000
3160-000
RENTAL INCOME
Loss/ Gain to Lease
3165-000 TOTAL RESIDENTIAL RENTAL INCOME
3169-000
3180-000
3190-000
3235-000
3270-000
3300-000
Vacancy Loss
Delinquent / Prepaids
Expense - Bad Debt
Rent Concession
3358-000 TOTAL ADJUSTED RESIDENTIAL RENT
3460-000 TOTAL RENTAL INCOME
3500-000
3514-000
3516-000
3520-000
3524-000
3525-000
3526-000
3528-000
3546-000
3550-000
3557-500
3558-000
3564-000
3580-000
3582-000
3592-000
3639-000
OTHER INCOME
Fees - Application
Fees - Late Payment
Fees - Month to Month
Fees - NSF
Fees - Termination
Parking - Garage
Income - Laundry
Income - Other
Income - Storage
Bad Debt Recovery
Damages
Billback - Sewer
Renter's Insurance Income
3650-000 TOTAL OTHER INCOME
3700-000 TOTAL INCOME
170,265.00
-7,041.00
165,600.00
-2,487.47
4,665.00
-4,553.53
163,224.00 163,112.53
111.47
-4,406.28
-1,805.00
9,889.32
-7,075.60
-1,000.00
-9,823.73
-1,805.00
0.00
-162.81
-300.00
-4,397.56
-12,091.54
7,693.98
158,826.44 151,020.99
7,805.45
2.82
-183.06
1,971,920.00
-39,533.67
17,065.00
-7,041.33
0.07 1,942,410.00 1,932,386.33
10,023.67
5,417.45
55.15
0.00
0.00
N/A
9,889.32
-6,912.79 -4,245.92
-700.00
-233.33
1,988,985.00
-46,575.00
0.87
-17.81
1,971,920.00
-39,533.67
0.52 1,932,386.33
-74,643.19
-21,660.00
2,472.03
-7,075.60
-6,750.00
-90,623.46
-21,660.00
0.00
-1,930.58
-1,800.00
15,980.27
0.00
2,472.03
-5,145.02
-4,950.00
17.63
0.00
N/A
-266.50
-275.00
-90,623.46
-21,660.00
0.00
-1,930.58
-1,800.00
-107,656.76
-116,014.04
8,357.28
7.20
-116,014.04
5.17 1,834,753.24 1,816,372.29
18,380.95
63.63
1.01 1,816,372.29
-10.00
955.16
400.50
550.00
1,200.00
0.00
0.00
1,015.00
0.00
1,103.50
-342.50
673.06
0.00
49.00
4,408.85
490.00
340.00
950.00
120.00
500.00
195.00
25.00
0.00
750.00
0.00
1,000.00
0.00
650.00
100.00
500.00
4,000.00
25.00
-350.00
5.16
280.50
50.00
1,005.00
-25.00
0.00
265.00
0.00
103.50
-342.50
23.06
-100.00
-451.00
408.85
465.00
-102.94
0.54
233.75
10.00
515.38
-100.00
N/A
35.33
N/A
10.35
N/A
3.55
-100.00
-90.20
10.22
1,860.00
5,926.53
12,170.57
5,237.50
6,300.00
12,175.14
25.00
6,889.00
12,102.45
7,991.97
13,074.96
0.00
8,048.34
2,910.00
3,500.98
64,433.45
490.00
4,080.00
11,400.00
1,980.00
6,000.00
5,708.00
300.00
1,325.00
9,000.00
8,000.00
12,000.00
0.00
7,800.00
1,200.00
6,000.00
48,000.00
300.00
1,846.53
770.57
3,257.50
300.00
6,467.14
-275.00
5,564.00
3,102.45
-8.03
1,074.96
0.00
248.34
1,710.00
-2,499.02
16,433.45
190.00
45.26
6.76
164.52
5.00
113.30
-91.67
419.92
34.47
-0.10
8.96
N/A
3.18
142.50
-41.65
34.24
63.33
4,080.00
11,400.00
1,980.00
6,000.00
5,708.00
300.00
1,325.00
9,000.00
8,000.00
12,000.00
0.00
7,800.00
1,200.00
6,000.00
48,000.00
300.00
10,492.57
9,155.00
1,337.57
14.61
161,275.89
123,093.00
38,182.89
31.02
123,093.00
169,319.01 160,175.99
9,143.02
5.71 1,996,029.13 1,939,465.29
56,563.84
Page 1 of 5
2.92 1,939,465.29
1/14/2015 4:31 PM
Budget Comparison
Period = Dec 2014
Book = Cash
Variance
% Var
YTD Actual
YTD Budget
Variance
% Var
Annual
4000-000 OPERATING EXPENSES
4005-000
4010-000
4012-000
4018-000
4020-800
4021-200
4022-000
4023-200
4026-000
4027-500
PAYROLL EXPENSES
ADMINISTRATIVE PAYROLL EXPENSES
Administrative - Benefits
4029-000 TOTAL ADMIN. PAYROLL EXPENSES
4030-000
4030-100
4030-400
4032-000
4033-800
4035-200
4035-800
4037-500
R&M - Bonuses
R&M - Taxes
Maintenance - Temporary Help
3,200.24
1,414.00
2,484.00
4,422.75
322.07
863.34
1,823.76
0.00
14,530.16
4,713.06
0.00
2,938.25
585.14
1,231.99
1,003.72
1,728.00
3,375.43
250.00
-2,484.00
-4,422.75
159.73
-233.01
-626.98
0.00
51.33
15.02
N/A
N/A
33.15
-36.97
-52.39
N/A
44,470.76
9,677.50
4,201.86
18,405.86
3,651.78
6,617.11
11,788.67
10,938.64
78,908.04
19,032.00
0.00
0.00
5,781.60
8,472.41
14,225.37
0.00
34,437.28
9,354.50
-4,201.86
-18,405.86
2,129.82
1,855.30
2,436.70
-10,938.64
43.64
49.15
N/A
N/A
36.84
21.90
17.13
N/A
78,908.04
19,032.00
0.00
0.00
5,781.60
8,472.41
14,225.37
0.00
10,548.58 -3,981.58
-37.75
109,752.18
126,419.42
16,667.24
13.18
126,419.42
-936.56
2,787.42
-2,338.25
-37.10
-191.46
-40.12
-1,728.00
-24.80
100.00
-389.71
-6.77
-18.40
-4.16
N/A
48,722.20
23,919.71
9,988.74
7,065.77
12,344.32
12,093.51
8,780.25
45,318.00
33,089.36
7,200.00
7,528.97
12,434.12
11,563.20
0.00
-3,404.20
9,169.65
-2,788.74
463.20
89.80
-530.31
-8,780.25
-7.51
27.71
-38.73
6.15
0.72
-4.59
N/A
45,318.00
33,089.36
7,200.00
7,528.97
12,434.12
11,563.20
0.00
6,575.67
1,664.00
0.00
0.00
481.80
630.33
1,196.78
0.00
3,776.50
2,787.42
600.00
548.04
1,040.53
963.60
0.00
4039-000 TOTAL R&M PAYROLL EXPENSES
12,200.16
9,716.09 -2,484.07
-25.57
122,914.50
117,133.65
-5,780.85
-4.94
117,133.65
4095-000 TOTAL PAYROLL EXPENSES
26,730.32
20,264.67 -6,465.65
-31.91
232,666.68
243,553.07
10,886.39
4.47
243,553.07
100.00
N/A
16.76
-25.17
N/A
100.00
N/A
-91.22
-10.00
-5.71
2.67
44.80
78.57
56.48
0.15
100.00
3.26
18.06
154.61
3,261.98
4,642.13
608.32
6,634.47
0.00
5,602.48
1,737.60
54,900.38
582.39
2,396.47
222.76
314.02
1,613.60
190.00
3,347.36
600.00
300.00
1,500.00
5,506.44
589.00
4,889.00
3,000.00
3,000.00
1,416.00
53,335.29
504.00
2,400.00
420.00
600.00
1,560.00
2,985.60
3,600.00
581.94
145.39
-1,761.98
864.31
-19.32
-1,745.47
3,000.00
-2,602.48
-321.60
-1,565.09
-78.39
3.53
197.24
285.98
-53.60
2,795.60
252.64
96.99
48.46
-117.47
15.70
-3.28
-35.70
100.00
-86.75
-22.71
-2.93
-15.55
0.15
46.96
47.66
-3.44
93.64
7.02
600.00
300.00
1,500.00
5,506.44
589.00
4,889.00
3,000.00
3,000.00
1,416.00
53,335.29
504.00
2,400.00
420.00
600.00
1,560.00
2,985.60
3,600.00
4100-000
4143-000
4144-000
4148-000
4158-000
4160-000
4161-000
4192-000
4205-000
4208-000
4223-000
4246-000
4250-000
4252-000
4256-000
4262-000
4264-000
4268-000
Administrative - Employee Relations
Employee Screening
Bank Charges
Fees - Payroll
Dues & Subscription
Permits & Licenses
Legal - Evictions
Expense - Lease Operations
Expense - Training
Management Fee
Printed Forms
Office Supplies
Overnight Mail
Postage
Answering Machine Service
Computer/Modem
Office Telephone
0.00
0.00
104.05
578.43
0.00
0.00
0.00
478.04
129.80
4,656.27
40.88
110.39
7.50
21.76
129.80
0.00
290.22
50.00
0.00
125.00
462.11
0.00
2,590.00
0.00
250.00
118.00
4,404.84
42.00
200.00
35.00
50.00
130.00
2,531.30
300.00
50.00
0.00
20.95
-116.32
0.00
2,590.00
0.00
-228.04
-11.80
-251.43
1.12
89.61
27.50
28.24
0.20
2,531.30
9.78
Page 2 of 5
1/14/2015 4:31 PM
Budget Comparison
Period = Dec 2014
Book = Cash
4280-000 Travel Reimbursements
4290-000 Other Administrative Expense
4295-000 TOTAL ADMINISTRATIVE EXPENSES
4300-000
4311-000
4318-000
4332-000
4334-000
4353-000
4356-000
4370-000
4375-000
4391-000
MARKETING & RETENTION
Sign and Banners
Activities
Hospitality
Incentive - Leasing/ Renewal
Shopping Reports
Tenant Screening
Collateral Supplies
Uniforms
4397-000 TOTAL MARKETING/ RETENTION
4400-000
4431-000
4432-000
4434-000
4435-000
4436-000
4439-000
4444-000
4446-000
4448-000
4452-000
4454-000
4456-000
4470-100
4470-300
4475-000
4478-000
4481-000
4484-000
4487-050
4488-000
4490-000
4494-000
4496-000
4512-000
4513-000
4516-000
4552-000
4571-000
4572-000
MAINTENANCE & REPAIRS
Repairs & Maintenance Supplies
Appliance Supplies
Cleaning Supplies
Electrical Supplies
Fire/ Alarm Supplies
HVAC Supplies
Key & Lock Supplies
Paint Supplies
Pest Control Supplies
Plumbing Supplies
Recreational Supplies
Repair - Exterior
Repair - Interior
Cleaning Services
Drapes/MiniBlind Repair
Electrical Services
Golf Cart Service
HVAC Services
Miscellaneous Services
Plumbing Services
Elevator - Contract
Elevator - Repair
Elevator - Phone
Landscape - Other
Pool - Supplies
Variance
% Var
YTD Actual
YTD Budget
Variance
% Var
Annual
0.00
150.00
100.00
300.00
100.00
150.00
100.00
50.00
0.00
2,071.99
1,200.00
3,600.00
1,200.00
1,528.01
100.00
42.44
1,200.00
3,600.00
6,697.14
11,688.25
4,991.11
42.70
88,298.62
91,005.33
2,706.71
2.97
91,005.33
49.95
0.00
52.30
-52.30
0.00
100.00
110.60
0.00
0.00
40.00
0.00
400.00
0.00
170.00
120.00
103.84
0.00
0.00
-9.95
0.00
347.70
52.30
170.00
20.00
-6.76
0.00
0.00
-24.88
N/A
86.92
N/A
100.00
16.67
-6.51
N/A
N/A
599.40
312.97
125.13
0.00
0.00
135.00
1,210.16
351.85
83.64
4,260.00
300.00
800.00
0.00
4,345.00
720.00
1,246.08
750.00
690.00
3,660.60
-12.97
674.87
0.00
4,345.00
585.00
35.92
398.15
606.36
85.93
-4.32
84.36
N/A
100.00
81.25
2.88
53.09
87.88
4,260.00
300.00
800.00
0.00
4,345.00
720.00
1,246.08
750.00
690.00
260.55
833.84
573.29
68.75
2,818.15
13,111.08
10,292.93
78.51
13,111.08
196.62
0.00
0.00
38.07
181.24
0.00
51.48
0.00
0.00
0.00
106.36
0.00
-183.81
1,810.00
115.00
1,005.00
202.16
0.00
0.00
0.00
0.00
214.00
79.00
769.14
0.00
0.00
2,000.00
0.00
0.00
50.00
125.00
125.00
40.00
200.00
0.00
125.00
42.00
50.00
25.00
500.00
0.00
0.00
50.00
175.00
350.00
70.00
100.00
25.00
50.00
25.00
210.00
100.00
250.00
0.00
35.00
2,000.00
0.00
750.00
-146.62
-293.24
125.00
100.00
125.00
100.00
1.93
4.82
18.76
9.38
0.00
N/A
73.52
58.82
42.00
100.00
50.00
100.00
25.00
100.00
393.64
78.73
0.00
N/A
183.81
N/A
-1,760.00 -3,520.00
60.00
34.29
-187.14
-655.00
-132.16
-188.80
100.00
100.00
25.00
100.00
50.00
100.00
25.00
100.00
-4.00
-1.90
21.00
21.00
-519.14
-207.66
0.00
N/A
35.00
100.00
0.00
0.00
0.00
N/A
750.00
100.00
579.09
750.65
1,457.00
405.76
2,001.51
3,213.28
469.00
189.86
174.71
182.60
2,376.00
178.77
0.00
4,323.99
2,389.00
6,170.00
1,019.32
896.40
0.00
1,242.74
1,702.94
2,706.00
2,080.17
2,563.80
1,219.83
0.00
22,000.00
10,569.00
414.98
600.00
1,500.00
1,500.00
480.00
2,400.00
2,250.00
1,500.00
513.00
600.00
300.00
6,000.00
250.00
0.00
600.00
2,100.00
4,200.00
840.00
1,200.00
300.00
600.00
300.00
2,520.00
1,200.00
3,000.00
250.00
420.00
24,000.00
5,000.00
9,000.00
20.91
749.35
43.00
74.24
398.49
-963.28
1,031.00
323.14
425.29
117.40
3,624.00
71.23
0.00
-3,723.99
-289.00
-1,970.00
-179.32
303.60
300.00
-642.74
-1,402.94
-186.00
-880.17
436.20
-969.83
420.00
2,000.00
-5,569.00
8,585.02
3.48
49.96
2.87
15.47
16.60
-42.81
68.73
62.99
70.88
39.13
60.40
28.49
N/A
-620.66
-13.76
-46.90
-21.35
25.30
100.00
-107.12
-467.65
-7.38
-73.35
14.54
-387.93
100.00
8.33
-111.38
95.39
600.00
1,500.00
1,500.00
480.00
2,400.00
2,250.00
1,500.00
513.00
600.00
300.00
6,000.00
250.00
0.00
600.00
2,100.00
4,200.00
840.00
1,200.00
300.00
600.00
300.00
2,520.00
1,200.00
3,000.00
250.00
420.00
24,000.00
5,000.00
9,000.00
Page 3 of 5
1/14/2015 4:31 PM
Budget Comparison
Period = Dec 2014
Book = Cash
4576-000 Pool - Repair
4578-000 Pool - Contract Maintenance
4622-000 Security/Courtesy Patrol - Contract Service
4695-000 TOTAL MAINTENANCE & REPAIR
4700-000
4702-000
4713-000
4715-000
4723-000
4724-000
4724-500
TURNOVER EXPENSES
Turnover - Miscellaneous
Turnover - Painting
Turnover - Paint Supplies
4795-000 TOTAL TURNOVER EXPENSES
4800-000
4802-000
4804-000
4812-000
4817-000
4844-000
4852-000
UTILITIES
Gas - Common Area
Gas - Vacant
Waste Removal
Water - Common Area
4895-000 TOTAL UTILITIES
5000-000
5004-000
5006-000
5018-000
TAXES & INSURANCE
Insurance - Expense
Property Taxes
Taxes - Personal Property
5199-000 TOTAL TAXES & INSURANCE
5350-000 TOTAL OPERATING EXPENSES
0.00
750.00
425.00
7,759.26
0.00
750.00
425.00
Variance
% Var
YTD Actual
YTD Budget
Variance
% Var
Annual
0.00
0.00
0.00
N/A
0.00
0.00
423.00
7,500.00
5,100.00
150.00
9,000.00
5,100.00
-273.00
1,500.00
0.00
-182.00
16.67
0.00
150.00
9,000.00
5,100.00
6,647.00 -1,112.26
-16.73
84,299.40
87,673.00
3,373.60
3.85
87,673.00
165.00
660.00
0.00
203.25
390.00
275.07
150.00
240.00
50.00
175.00
200.00
250.00
-15.00
-420.00
50.00
-28.25
-190.00
-25.07
-10.00
-175.00
100.00
-16.14
-95.00
-10.03
1,155.00
5,235.00
963.58
670.46
3,740.00
2,608.16
1,950.00
2,880.00
600.00
2,100.00
2,400.00
3,000.00
795.00
-2,355.00
-363.58
1,429.54
-1,340.00
391.84
40.77
-81.77
-60.60
68.07
-55.83
13.06
1,950.00
2,880.00
600.00
2,100.00
2,400.00
3,000.00
1,693.32
1,065.00
-628.32
-59.00
14,372.20
12,930.00
-1,442.20
-11.15
12,930.00
3,978.38
42.26
3,810.03
39.69
2,566.82
7,581.55
3,984.00
200.00
2,328.00
125.00
2,332.00
4,300.00
5.62
157.74
-1,482.03
85.31
-234.82
-3,281.55
0.14
78.87
-63.66
68.25
-10.07
-76.32
48,097.39
728.80
31,724.08
683.64
29,457.74
56,853.70
47,808.00
2,400.00
27,936.00
1,500.00
27,768.00
51,600.00
-289.39
1,671.20
-3,788.08
816.36
-1,689.74
-5,253.70
-0.61
69.63
-13.56
54.42
-6.09
-10.18
47,808.00
2,400.00
27,936.00
1,500.00
27,768.00
51,600.00
13,269.00 -4,749.73
-35.80
167,545.35
159,012.00
-8,533.35
-5.37
159,012.00
18,018.73
0.00
99,188.52
0.00
0.00
98,514.00
0.00
0.00
-674.52
0.00
N/A
-0.68
N/A
54,971.00
199,932.66
3,959.31
58,835.00
197,028.00
500.00
3,864.00
-2,904.66
-3,459.31
6.57
-1.47
-691.86
58,835.00
197,028.00
500.00
99,188.52
98,514.00
-674.52
-0.68
258,862.97
256,363.00
-2,499.97
-0.98
256,363.00
160,347.84 152,281.76 -8,066.08
-5.30
848,863.37
863,647.48
14,784.11
1.71
863,647.48
13.64 1,147,165.76 1,075,817.81
71,347.95
6.63 1,075,817.81
5400-000 NET OPERATING INCOME
8,971.17
7,894.23
1,076.94
6500-000 DEBT SERVICE
6508-000 Debt Service - Interest
29,748.35
29,748.00
-0.35
0.00
365,087.53
365,087.00
-0.53
0.00
365,087.00
29,748.35
29,748.00
-0.35
0.00
365,087.53
365,087.00
-0.53
0.00
365,087.00
-20,777.18
-21,853.77
1,076.59
4.93
782,078.23
710,730.81
71,347.42
10.04
710,730.81
7100-000 OTHER/ MISCELLANEOUS EXPENSES
7101-000 Prior Year - Expenses
0.00
0.00
0.00
N/A
30,465.00
0.00
-30,465.00
N/A
0.00
7410-000 TOTAL OTHER/ MISCELLANEOUS EXPENSES
0.00
0.00
0.00
N/A
30,465.00
0.00
-30,465.00
N/A
0.00
6530-000 TOTAL DEBT SERVICE
6600-000 NET INCOME
Page 4 of 5
1/14/2015 4:31 PM
Budget Comparison
Period = Dec 2014
Book = Cash
7500-000 NET CASH FLOW
Variance
% Var
YTD Actual
YTD Budget
Variance
% Var
Annual
-20,777.18
-21,853.77
1,076.59
4.93
751,613.23
710,730.81
40,882.42
5.75
710,730.81
407.66
0.00
1,469.17
0.00
0.00
0.00
0.00
728.66
0.00
0.00
1,700.00
0.00
0.00
450.00
0.00
500.00
-407.66
0.00
230.83
0.00
0.00
450.00
0.00
-228.66
N/A
N/A
13.58
N/A
N/A
100.00
N/A
-45.73
4,261.11
270,981.78
20,729.74
0.00
0.00
6,176.11
725.00
3,793.86
5,400.00
0.00
20,400.00
1,000.00
2,000.00
1,800.00
2,000.00
6,000.00
1,138.89
-270,981.78
-329.74
1,000.00
2,000.00
-4,376.11
1,275.00
2,206.14
21.09
N/A
-1.62
100.00
100.00
-243.12
63.75
36.77
5,400.00
0.00
20,400.00
1,000.00
2,000.00
1,800.00
2,000.00
6,000.00
2,605.49
2,650.00
44.51
1.68
306,667.60
38,600.00 -268,067.60 -694.48
38,600.00
9130-000 TOTAL NET INCOME
-23,382.67
-24,503.77
1,121.10
4.58
444,945.63
672,130.81 -227,185.18
-33.80
672,130.81
9800-000 NET INCOME AFTER ADJUSTMENTS
-23,382.67
-24,503.77
1,121.10
4.58
444,945.63
672,130.81 -227,185.18
-33.80
672,130.81
8000-000
8010-000
8062-000
8090-000
8140-000
8243-000
8325-000
8480-000
8605-000
Cptl - Appliance Replacement
Cptl - Elevator
Cptl - Vinyl
8650-000 TOTAL CAPITAL EXPENDITURES
Page 5 of 5
1/14/2015 4:31 PM
12 Month Actual to Budget
Period = Jan 2014-Dec 2014
Book = Cash ; Tree = ysi_is_pinn
Total
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual+
Original
Jan 2014
Feb 2014
Mar 2014
Apr 2014
May 2014
Jun 2014
Jul 2014
Aug 2014
Sep 2014
Oct 2014
Nov 2014
Dec 2014
Budget
Budget
Variance
%Variance
3000-000 INCOME
3100-000 RENTAL INCOME
3105-000 RESIDENTIAL RENTAL INCOME
3110-000
3160-000
Loss/ Gain to Lease
161,950.00
161,950.00
161,950.00
163,985.00
165,695.00
165,695.00
165,695.00
165,695.00
167,920.00
167,920.00
170,265.00
170,265.00
1,988,985.00
1,971,920.00
17,065.00
0.87
-1,415.00
-1,208.00
-873.00
-2,599.00
-4,153.00
-3,933.00
-3,893.00
-3,547.00
-5,481.00
-5,221.00
-7,211.00
-7,041.00
-46,575.00
-39,533.67
-7,041.33
17.81
160,535.00
160,742.00
161,077.00
161,386.00
161,542.00
161,762.00
161,802.00
162,148.00
162,439.00
162,699.00
163,054.00
163,224.00
1,942,410.00
1,932,386.33
10,023.67
0.52
-12,037.10
-8,118.59
-8,343.82
-6,873.83
-6,306.00
-8,483.86
-3,745.06
-3,218.13
-4,383.53
-3,385.49
-5,341.50
-4,406.28
-74,643.19
-90,623.46
15,980.27
-17.63
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-1,805.00
-21,660.00
-21,660.00
0.00
0.00
825.23
-234.88
12.31
-590.07
-820.29
-825.95
-1,458.72
-1,398.41
-3,235.58
-731.54
1,040.61
9,889.32
2,472.03
0.00
2,472.03
N/A
3169-000 ADJUSTED RESIDENTIAL RENT
3180-000
Vacancy Loss
3190-000
3235-000
3270-000
Expense - Bad Debt
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-7,075.60
-7,075.60
-1,930.58
-5,145.02
266.50
3300-000
Rent Concession
0.00
-1,000.00
-750.00
0.00
-1,000.00
-250.00
-2,500.00
0.00
0.00
-250.00
0.00
-1,000.00
-6,750.00
-1,800.00
-4,950.00
275.00
-13,016.87
-11,158.47
-10,886.51
-9,268.90
-9,931.29
-11,364.81
-9,508.78
-6,421.54
-9,424.11
-6,172.03
-6,105.89
-4,397.56
-107,656.76
-116,014.04
8,357.28
-7.20
147,518.13
149,583.53
150,190.49
152,117.10
151,610.71
150,397.19
152,293.22
155,726.46
153,014.89
156,526.97
156,948.11
158,826.44
1,834,753.24
1,816,372.29
18,380.95
1.01
3500-000 OTHER INCOME
3514-000
485.00
195.00
695.00
495.00
625.00
555.00
475.00
835.00
320.00
385.00
871.53
-10.00
5,926.53
4,080.00
1,846.53
45.26
3516-000
923.68
980.00
977.10
969.34
950.00
914.00
1,016.00
1,177.74
1,151.61
1,149.68
1,006.26
955.16
12,170.57
11,400.00
770.57
6.76
3520-000
Fees - Application
139.00
299.50
372.00
510.50
267.00
267.00
667.50
311.50
0.00
1,647.00
356.00
400.50
5,237.50
1,980.00
3,257.50
164.52
3524-000
Fees - Late Payment
550.00
600.00
650.00
500.00
500.00
500.00
150.00
700.00
450.00
500.00
650.00
550.00
6,300.00
6,000.00
300.00
5.00
3525-000
777.42
860.72
774.19
970.00
938.71
804.19
945.16
1,225.82
1,300.00
1,270.97
1,107.96
1,200.00
12,175.14
5,708.00
6,467.14
113.30
3526-000
Fees - NSF
-50.00
0.00
0.00
0.00
0.00
0.00
25.00
0.00
0.00
50.00
0.00
0.00
25.00
300.00
-275.00
-91.67
3528-000
Fees - Termination
0.00
0.00
1,265.00
0.00
0.00
0.00
1,270.00
0.00
1,399.00
0.00
2,955.00
0.00
6,889.00
1,325.00
5,564.00
419.92
3546-000
Parking - Garage
881.45
995.00
965.00
1,021.00
1,035.00
1,035.00
1,045.00
1,045.00
1,045.00
1,010.00
1,010.00
1,015.00
12,102.45
9,000.00
3,102.45
34.47
3550-000
0.00
1,844.86
0.00
0.00
1,948.35
0.00
0.00
2,073.80
0.00
0.00
2,124.96
0.00
7,991.97
8,000.00
-8.03
-0.10
3557-500
Income - Laundry
1,107.35
996.96
1,217.29
1,260.26
1,002.60
1,051.10
1,036.60
993.30
1,118.10
1,041.30
1,146.60
1,103.50
13,074.96
12,000.00
1,074.96
8.96
3558-000
Income - Other
3564-000
Income - Storage
3580-000
Bad Debt Recovery
3582-000
Damages
3592-000
Billback - Sewer
3639-000
0.00
0.00
-100.00
0.00
0.00
0.00
0.00
147.50
147.50
147.50
0.00
-342.50
0.00
0.00
0.00
N/A
693.23
695.71
670.00
672.50
697.57
700.00
684.00
650.17
625.00
642.10
645.00
673.06
8,048.34
7,800.00
248.34
3.18
0.00
0.00
0.00
2,910.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,910.00
1,200.00
1,710.00
142.50
615.20
89.00
562.54
490.17
358.51
446.71
75.00
395.00
207.35
92.50
120.00
49.00
3,500.98
6,000.00
-2,499.02
-41.65
7,562.39
4,763.33
5,139.40
4,611.50
7,085.46
3,786.58
3,997.31
5,643.90
4,081.78
6,506.78
6,846.17
4,408.85
64,433.45
48,000.00
16,433.45
34.24
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
490.00
490.00
300.00
190.00
63.33
13,684.72
12,320.08
13,187.52
14,410.27
15,408.20
10,059.58
11,386.57
15,198.73
11,845.34
14,442.83
18,839.48
10,492.57
161,275.89
123,093.00
38,182.89
31.02
161,202.85
161,903.61
163,378.01
166,527.37
167,018.91
160,456.77
163,679.79
170,925.19
164,860.23
170,969.80
175,787.59
169,319.01
1,996,029.13
1,939,465.29
56,563.84
2.92
5,404.68
5,404.68
5,404.68
4,188.62
2,989.18
2,988.50
2,972.56
2,977.51
2,982.19
2,976.85
2,981.07
3,200.24
44,470.76
78,908.04
34,437.28
43.64
0.00
0.00
0.00
0.00
0.00
840.00
1,487.50
1,482.25
1,456.00
1,403.50
1,594.25
1,414.00
9,677.50
19,032.00
9,354.50
49.15
4005-000 PAYROLL EXPENSES
4010-000 ADMINISTRATIVE PAYROLL EXPENSES
4012-000
4018-000
4020-800
4021-200
4022-000
4023-200
4026-000
4027-500
0.00
0.00
0.00
0.00
1,232.50
0.00
0.00
485.36
0.00
0.00
0.00
2,484.00
4,201.86
0.00
-4,201.86
N/A
2,969.38
0.00
3,295.00
0.00
0.00
1,159.50
0.00
0.00
990.00
515.00
5,054.23
4,422.75
18,405.86
0.00
-18,405.86
N/A
511.96
-119.88
508.28
850.08
225.61
225.61
225.61
225.61
-119.88
225.61
571.10
322.07
3,651.78
5,781.60
2,129.82
36.84
948.19
518.64
689.22
297.38
304.44
420.28
425.99
476.39
523.52
430.53
719.19
863.34
6,617.11
8,472.41
1,855.30
21.90
1,234.75
810.56
1,322.84
628.18
643.11
767.12
684.48
761.80
840.02
754.22
1,517.83
1,823.76
11,788.67
14,225.37
2,436.70
17.13
2,665.75
1,326.00
2,179.13
1,545.38
0.00
916.50
1,945.13
360.75
0.00
0.00
0.00
0.00
10,938.64
0.00
-10,938.64
N/A
13,734.71
7,940.00
13,399.15
7,509.64
5,394.84
7,317.51
7,741.27
6,769.67
6,671.85
6,305.71
12,437.67
14,530.16
109,752.18
126,419.42
16,667.24
13.18
4030-000 R&M PAYROLL EXPENSES
Page 1 of 4
1/14/2015 4:31 PM
Total
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual+
Original
Jan 2014
Feb 2014
Mar 2014
Apr 2014
May 2014
Jun 2014
Jul 2014
Aug 2014
Sep 2014
Oct 2014
Nov 2014
Dec 2014
Budget
Budget
Variance
%Variance
4030-100
3,720.32
4,176.66
3,558.48
4,097.87
3,804.09
4,178.04
3,688.12
3,832.06
4,009.89
3,533.23
5,410.38
4,713.06
48,722.20
45,318.00
-3,404.20
-7.51
4030-400
2,596.45
3,005.76
2,375.05
2,017.27
0.00
2,686.62
2,713.00
2,660.61
2,886.23
2,433.63
545.09
0.00
23,919.71
33,089.36
9,169.65
27.71
4032-000
R&M - Bonuses
4,044.59
0.00
552.93
0.00
743.79
312.21
0.00
236.50
271.38
173.04
716.05
2,938.25
9,988.74
7,200.00
-2,788.74
-38.73
4033-800
R&M - Taxes
1,152.66
942.90
771.67
432.59
326.85
503.52
453.03
477.14
509.78
434.34
476.15
585.14
7,065.77
7,528.97
463.20
6.15
4035-200
1,525.34
1,056.17
970.40
893.34
685.37
1,052.57
944.76
1,007.32
1,069.39
906.85
1,000.82
1,231.99
12,344.32
12,434.12
89.80
0.72
4035-800
1,011.08
-217.62
1,003.72
2,217.70
1,101.46
905.98
1,003.72
1,003.72
-217.62
1,003.72
2,273.93
1,003.72
12,093.51
11,563.20
-530.31
-4.59
4037-500
0.00
0.00
0.00
540.00
0.00
1,698.75
2,059.50
810.00
0.00
0.00
1,944.00
1,728.00
8,780.25
0.00
-8,780.25
N/A
14,050.44
8,963.87
9,232.25
10,198.77
6,661.56
11,337.69
10,862.13
10,027.35
8,529.05
8,484.81
12,366.42
12,200.16
122,914.50
117,133.65
-5,780.85
-4.94
27,785.15
16,903.87
22,631.40
17,708.41
12,056.40
18,655.20
18,603.40
16,797.02
15,200.90
14,790.52
24,804.09
26,730.32
232,666.68
243,553.07
10,886.39
4.47
0.00
18.06
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
18.06
600.00
581.94
96.99
4100-000 ADMINISTRATIVE EXPENSES
4143-000
4144-000
Employee Screening
0.00
0.00
0.00
0.00
0.00
130.79
23.82
0.00
0.00
0.00
0.00
0.00
154.61
300.00
145.39
48.46
4148-000
Bank Charges
290.44
271.02
361.36
200.23
452.93
270.98
316.54
211.01
286.91
262.87
233.64
104.05
3,261.98
1,500.00
-1,761.98
-117.47
4158-000
Fees - Payroll
545.82
362.24
437.51
296.52
254.15
352.30
314.22
338.07
365.22
319.81
477.84
578.43
4,642.13
5,506.44
864.31
15.70
4160-000
Dues & Subscription
4161-000
Permits & Licenses
4192-000
Legal - Evictions
0.00
0.00
0.00
137.50
0.00
0.00
0.00
470.82
0.00
0.00
0.00
0.00
608.32
589.00
-19.32
-3.28
2,989.00
0.00
0.00
175.00
0.00
0.00
0.00
3,346.00
0.00
0.00
124.47
0.00
6,634.47
4,889.00
-1,745.47
-35.70
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
3,000.00
3,000.00
100.00
4205-000
395.30
42.00
493.30
451.30
902.60
25.96
477.26
451.30
902.60
504.78
478.04
478.04
5,602.48
3,000.00
-2,602.48
-86.75
4208-000
Expense - Training
129.80
129.80
129.80
129.80
229.80
129.80
209.80
129.80
129.80
129.80
129.80
129.80
1,737.60
1,416.00
-321.60
-22.71
4223-000
Management Fee
4,433.08
4,452.35
4,495.65
4,583.34
4,583.34
4,494.43
4,501.19
4,639.36
4,529.60
4,697.61
4,834.16
4,656.27
54,900.38
53,335.29
-1,565.09
-2.93
4246-000
Printed Forms
0.00
101.81
16.60
49.20
41.48
65.74
65.74
23.14
47.64
23.26
106.90
40.88
582.39
504.00
-78.39
-15.55
4250-000
Office Supplies
18.12
183.41
171.92
79.63
368.67
249.39
136.45
418.28
166.82
298.91
194.48
110.39
2,396.47
2,400.00
3.53
0.15
33.04
0.00
34.00
0.00
7.50
7.50
41.93
0.00
38.23
45.56
7.50
7.50
222.76
420.00
197.24
46.96
0.00
61.11
28.86
24.02
22.22
35.70
12.55
40.44
27.20
16.10
24.06
21.76
314.02
600.00
285.98
47.66
185.80
0.00
129.80
129.80
259.60
0.00
129.80
129.80
259.60
129.80
129.80
129.80
1,613.60
1,560.00
-53.60
-3.44
4252-000
Overnight Mail
4256-000
Postage
4262-000
4264-000
Computer/Modem
4268-000
Office Telephone
4280-000
Travel Reimbursements
4290-000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
190.00
0.00
0.00
0.00
190.00
2,985.60
2,795.60
93.64
263.68
264.57
264.25
264.03
287.31
257.51
296.85
289.61
289.41
289.45
290.47
290.22
3,347.36
3,600.00
252.64
7.02
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
1,200.00
1,200.00
100.00
150.00
150.00
150.00
150.00
196.99
150.00
150.00
150.00
150.00
150.00
375.00
150.00
2,071.99
3,600.00
1,528.01
42.44
9,434.08
6,036.37
6,713.05
6,670.37
7,606.59
6,170.10
6,676.15
10,637.63
7,383.03
6,867.95
7,406.16
6,697.14
88,298.62
91,005.33
2,706.71
2.97
49.95
49.95
49.95
0.00
99.90
0.00
49.95
49.95
99.90
49.95
49.95
49.95
599.40
4,260.00
3,660.60
85.93
0.00
312.97
300.00
-12.97
-4.32
4300-000 MARKETING & RETENTION
4311-000
4318-000
Sign and Banners
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
23.73
289.24
4332-000
Activities
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
72.83
0.00
52.30
125.13
800.00
674.87
84.36
4334-000
Hospitality
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
52.30
0.00
-52.30
0.00
0.00
0.00
N/A
4353-000
Incentive - Leasing/ Renewal
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
4,345.00
4,345.00
100.00
4356-000
Shopping Reports
0.00
0.00
0.00
0.00
0.00
0.00
0.00
35.00
0.00
0.00
0.00
100.00
135.00
720.00
585.00
81.25
4370-000
Tenant Screening
107.38
107.38
110.60
0.00
110.60
110.60
110.60
0.00
110.60
221.20
110.60
110.60
1,210.16
1,246.08
35.92
2.88
4375-000
Collateral Supplies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
105.90
245.95
0.00
0.00
351.85
750.00
398.15
53.09
4391-000
Uniforms
0.00
0.00
0.00
83.64
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
83.64
690.00
606.36
87.88
157.33
157.33
160.55
83.64
210.50
110.60
160.55
84.95
316.40
665.96
449.79
260.55
2,818.15
13,111.08
10,292.93
78.51
154.17
6.52
0.00
0.00
0.00
29.11
0.00
94.00
71.62
27.05
0.00
196.62
579.09
600.00
20.91
3.48
4400-000 MAINTENANCE & REPAIRS
4431-000
4432-000
Appliance Supplies
4434-000
Cleaning Supplies
4435-000
4436-000
Electrical Supplies
4439-000
0.00
212.67
172.91
9.68
0.00
0.00
54.08
164.13
29.95
36.22
71.01
0.00
750.65
1,500.00
749.35
49.96
190.73
7.62
86.13
0.00
294.94
89.88
0.00
236.39
10.11
357.79
183.41
0.00
1,457.00
1,500.00
43.00
2.87
7.61
194.54
50.13
0.00
0.00
85.23
0.00
0.00
30.18
0.00
0.00
38.07
405.76
480.00
74.24
15.47
52.49
265.20
439.50
168.99
0.00
56.19
48.13
7.85
216.75
301.56
263.61
181.24
2,001.51
2,400.00
398.49
16.60
171.65
0.00
1,011.71
2,029.92
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,213.28
2,250.00
-963.28
-42.81
4444-000
HVAC Supplies
31.83
320.99
0.00
0.00
0.00
0.00
0.00
0.00
0.00
21.67
43.03
51.48
469.00
1,500.00
1,031.00
68.73
4446-000
Key & Lock Supplies
15.60
10.02
0.00
0.00
20.03
64.08
0.00
0.00
52.13
20.84
7.16
0.00
189.86
513.00
323.14
62.99
4448-000
Paint Supplies
89.09
0.00
0.00
0.00
31.94
9.62
0.00
44.06
0.00
0.00
0.00
0.00
174.71
600.00
425.29
70.88
4452-000
4454-000
Plumbing Supplies
4456-000
4470-100
0.00
0.00
0.00
0.00
0.00
171.73
0.00
0.00
0.00
0.00
10.87
0.00
182.60
300.00
117.40
39.13
173.16
336.45
208.17
228.81
78.17
208.24
33.94
328.39
455.15
161.72
57.44
106.36
2,376.00
6,000.00
3,624.00
60.40
0.00
0.00
0.00
125.00
0.00
0.00
0.00
0.00
53.77
0.00
0.00
0.00
178.77
250.00
71.23
28.49
Repair - Exterior
0.00
0.00
0.00
183.81
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-183.81
0.00
0.00
0.00
N/A
Page 2 of 4
1/14/2015 4:31 PM
Total
4470-300
Repair - Interior
4475-000
4478-000
Cleaning Services
4481-000
4484-000
Electrical Services
4487-050
Golf Cart Service
4488-000
HVAC Services
4490-000
4494-000
4496-000
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual+
Original
Jan 2014
Feb 2014
Mar 2014
Apr 2014
May 2014
Jun 2014
Jul 2014
Aug 2014
Sep 2014
Oct 2014
Nov 2014
Dec 2014
Budget
Budget
Variance
%Variance
0.00
145.33
0.00
0.00
240.76
8.77
75.00
292.51
376.62
510.00
865.00
1,810.00
4,323.99
600.00
-3,723.99
-620.66
95.00
50.00
190.00
155.00
50.00
235.00
389.00
50.00
0.00
880.00
180.00
115.00
2,389.00
2,100.00
-289.00
-13.76
500.00
400.00
500.00
350.00
500.00
400.00
575.00
500.00
375.00
1,065.00
0.00
1,005.00
6,170.00
4,200.00
-1,970.00
-46.90
60.27
125.42
242.99
158.35
0.00
208.48
21.65
0.00
0.00
0.00
0.00
202.16
1,019.32
840.00
-179.32
-21.35
266.40
0.00
0.00
630.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
896.40
1,200.00
303.60
25.30
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
300.00
300.00
100.00
100.00
0.00
180.00
0.00
0.00
0.00
307.53
0.00
185.00
470.21
0.00
0.00
1,242.74
600.00
-642.74
-107.12
0.00
170.43
0.00
0.00
0.00
0.00
125.00
1,282.51
0.00
125.00
0.00
0.00
1,702.94
300.00
-1,402.94
-467.65
209.00
209.00
209.00
209.00
209.00
209.00
214.00
214.00
214.00
227.00
369.00
214.00
2,706.00
2,520.00
-186.00
-7.38
Plumbing Services
325.37
0.00
130.00
392.00
99.00
340.00
476.80
0.00
79.00
0.00
159.00
79.00
2,080.17
1,200.00
-880.17
-73.35
4512-000
Elevator - Contract
256.38
256.38
256.38
256.38
0.00
0.00
0.00
769.14
0.00
0.00
0.00
769.14
2,563.80
3,000.00
436.20
14.54
4513-000
Elevator - Repair
0.00
0.00
0.00
0.00
454.50
0.00
0.00
765.33
0.00
0.00
0.00
0.00
1,219.83
250.00
-969.83
-387.93
4516-000
Elevator - Phone
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
420.00
420.00
100.00
4552-000
0.00
4,000.00
2,000.00
2,000.00
0.00
2,000.00
2,000.00
4,000.00
2,000.00
0.00
2,000.00
2,000.00
22,000.00
24,000.00
2,000.00
8.33
4571-000
Landscape - Other
0.00
0.00
600.00
0.00
0.00
0.00
0.00
0.00
0.00
1,316.00
8,653.00
0.00
10,569.00
5,000.00
-5,569.00
-111.38
4572-000
Pool - Supplies
0.00
165.24
58.86
-139.60
165.24
0.00
0.00
165.24
0.00
0.00
0.00
0.00
414.98
9,000.00
8,585.02
95.39
4576-000
Pool - Repair
0.00
0.00
0.00
0.00
15.00
0.00
0.00
133.00
0.00
275.00
0.00
0.00
423.00
150.00
-273.00
-182.00
4578-000
0.00
1,500.00
750.00
750.00
0.00
0.00
750.00
750.00
750.00
750.00
750.00
750.00
7,500.00
9,000.00
1,500.00
16.67
4622-000
425.00
425.00
425.00
425.00
425.00
425.00
425.00
425.00
425.00
425.00
425.00
425.00
5,100.00
5,100.00
0.00
0.00
3,123.75
8,800.81
7,510.78
7,932.34
2,583.58
4,540.33
5,495.13
10,221.55
5,324.28
6,970.06
14,037.53
7,759.26
84,299.40
87,673.00
3,373.60
3.85
4700-000 TURNOVER EXPENSES
4702-000
0.00
45.00
65.00
175.00
205.00
110.00
155.00
65.00
60.00
55.00
55.00
165.00
1,155.00
1,950.00
795.00
40.77
4713-000
0.00
445.00
520.00
465.00
540.00
425.00
585.00
410.00
640.00
545.00
0.00
660.00
5,235.00
2,880.00
-2,355.00
-81.77
4715-000
0.00
0.00
0.00
10.53
0.00
25.47
162.31
0.00
413.94
276.58
74.75
0.00
963.58
600.00
-363.58
-60.60
4716-000
Turnover - Contract Painting
140.00
0.00
-140.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
N/A
4723-000
0.00
0.00
39.66
25.00
0.00
222.26
180.29
0.00
0.00
0.00
0.00
203.25
670.46
2,100.00
1,429.54
68.07
4724-000
Turnover - Painting
4724-500
0.00
225.00
2,110.00
0.00
0.00
225.00
400.00
0.00
0.00
390.00
0.00
390.00
3,740.00
2,400.00
-1,340.00
-55.83
101.59
129.12
158.60
470.64
181.39
0.00
471.55
129.12
285.47
136.60
269.01
275.07
2,608.16
3,000.00
391.84
13.06
241.59
844.12
2,753.26
1,146.17
926.39
1,007.73
1,954.15
604.12
1,399.41
1,403.18
398.76
1,693.32
14,372.20
12,930.00
-1,442.20
-11.15
3,692.88
3,617.48
3,265.92
6,988.88
3,378.81
2,966.15
0.00
3,939.32
8,111.02
3,887.36
4,271.19
3,978.38
48,097.39
47,808.00
-289.39
-0.61
4800-000 UTILITIES
4802-000
4804-000
4812-000
Gas - Common Area
4817-000
Gas - Vacant
4844-000
Waste Removal
4852-000
Water - Common Area
36.41
78.87
64.51
87.18
2.98
85.78
52.59
56.37
140.93
24.63
56.29
42.26
728.80
2,400.00
1,671.20
69.63
3,701.21
4,104.77
3,688.73
6,421.05
1,238.76
2,472.04
0.00
1,150.84
264.49
1,577.60
3,294.56
3,810.03
31,724.08
27,936.00
-3,788.08
-13.56
27.92
58.55
79.97
111.16
44.56
80.66
41.18
45.24
58.87
42.83
53.01
39.69
683.64
1,500.00
816.36
54.42
2,296.22
2,331.22
2,296.22
561.19
4,031.25
1,433.62
3,462.69
2,566.82
2,778.05
2,566.82
2,566.82
2,566.82
29,457.74
27,768.00
-1,689.74
-6.09
0.00
5,732.88
4,813.01
11,026.57
6,604.81
4,919.36
12,088.83
3,152.36
4,916.33
9,061.90
-13,043.90
7,581.55
56,853.70
51,600.00
-5,253.70
-10.18
9,754.64
15,923.77
14,208.36
25,196.03
15,301.17
11,957.61
15,645.29
10,910.95
16,269.69
17,161.14
-2,802.03
18,018.73
167,545.35
159,012.00
-8,533.35
-5.37
0.00
0.00
0.00
54,971.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
54,971.00
58,835.00
3,864.00
6.57
5000-000 TAXES & INSURANCE
5004-000
Insurance - Expense
5006-000
Property Taxes
0.00
0.00
0.00
100,744.14
0.00
0.00
0.00
0.00
0.00
0.00
0.00
99,188.52
199,932.66
197,028.00
-2,904.66
-1.47
5018-000
0.00
0.00
0.00
0.00
0.00
0.00
3,959.31
0.00
0.00
0.00
0.00
0.00
3,959.31
500.00
-3,459.31
-691.86
0.00
0.00
0.00
155,715.14
0.00
0.00
3,959.31
0.00
0.00
0.00
0.00
99,188.52
258,862.97
256,363.00
-2,499.97
-0.98
50,496.54
48,666.27
53,977.40
214,452.10
38,684.63
42,441.57
52,493.98
49,256.22
45,893.71
47,858.81
44,294.30
160,347.84
848,863.37
863,647.48
14,784.11
1.71
110,706.31
113,237.34
109,400.61
-47,924.73
128,334.28
118,015.20
111,185.81
121,668.97
118,966.52
123,110.99
131,493.29
8,971.17
1,147,165.76
1,075,817.81
71,347.95
6.63
31,275.48
31,229.87
28,166.28
31,126.36
30,077.60
31,029.91
29,983.89
30,932.71
30,885.77
29,843.85
30,787.46
29,748.35
365,087.53
365,087.00
-0.53
0.00
6508-000
31,275.48
31,229.87
28,166.28
31,126.36
30,077.60
31,029.91
29,983.89
30,932.71
30,885.77
29,843.85
30,787.46
29,748.35
365,087.53
365,087.00
-0.53
0.00
6600-000 NET INCOME
79,430.83
82,007.47
81,234.33
-79,051.09
98,256.68
86,985.29
81,201.92
90,736.26
88,080.75
93,267.14
100,705.83
-20,777.18
782,078.23
710,730.81
71,347.42
10.04
0.00
0.00
5,203.45
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,261.55
0.00
30,465.00
0.00
-30,465.00
N/A
7101-000
Prior Year - Expenses
Page 3 of 4
1/14/2015 4:31 PM
Total
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual+
Original
Jan 2014
Feb 2014
Mar 2014
Apr 2014
May 2014
Jun 2014
Jul 2014
Aug 2014
Sep 2014
Oct 2014
Nov 2014
Dec 2014
Budget
Budget
Variance
%Variance
0.00
0.00
5,203.45
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,261.55
0.00
30,465.00
0.00
-30,465.00
N/A
79,430.83
82,007.47
76,030.88
-79,051.09
98,256.68
86,985.29
81,201.92
90,736.26
88,080.75
93,267.14
75,444.28
-20,777.18
751,613.23
710,730.81
40,882.42
5.75
8000-000 CAPITAL EXPENDITURES
8010-000
0.00
522.11
1,395.29
84.14
0.00
267.05
0.00
402.21
0.00
915.60
267.05
407.66
4,261.11
5,400.00
1,138.89
21.09
8062-000
0.00
0.00
0.00
0.00
78,139.22
28,000.00
82,345.00
24,190.44
37,268.13
20,638.99
400.00
0.00
270,981.78
0.00
-270,981.78
N/A
8090-000
0.00
2,306.93
1,011.78
0.00
1,761.28
143.39
2,347.45
3,871.56
0.00
5,421.01
2,397.17
1,469.17
20,729.74
20,400.00
-329.74
-1.62
8140-000
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
1,000.00
1,000.00
100.00
8243-000
Cptl - Elevator
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
2,000.00
2,000.00
100.00
8325-000
474.65
0.00
1,495.00
0.00
0.00
0.00
1,389.58
0.00
1,199.36
899.52
718.00
0.00
6,176.11
1,800.00
-4,376.11
-243.12
8480-000
0.00
0.00
0.00
725.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
725.00
2,000.00
1,275.00
63.75
8605-000
Cptl - Vinyl
0.00
822.44
0.00
109.10
761.23
0.00
759.72
0.00
0.00
0.00
612.71
728.66
3,793.86
6,000.00
2,206.14
36.77
474.65
3,651.48
3,902.07
918.24
80,661.73
28,410.44
86,841.75
28,464.21
38,467.49
27,875.12
4,394.93
2,605.49
306,667.60
38,600.00
-268,067.60
-694.48
78,956.18
78,355.99
72,128.81
-79,969.33
17,594.95
58,574.85
-5,639.83
62,272.05
49,613.26
65,392.02
71,049.35
-23,382.67
444,945.63
672,130.81
-227,185.18
-33.80
78,956.18
78,355.99
72,128.81
-79,969.33
17,594.95
58,574.85
-5,639.83
62,272.05
49,613.26
65,392.02
71,049.35
-23,382.67
444,945.63
672,130.81
-227,185.18
-33.80
Page 4 of 4
1/14/2015 4:32 PM
Balance Sheet (With Period Change)
Period = Dec 2014
Book = Cash
Balance
Current Period
0100-000
1000-000
1005-000
1110-000
1170-000
ASSETS
CASH
AVAILABLE CASH
Cash - Operating
Petty Cash
Beginning
Balance
Net
Change
87,115.57
300.00
93,766.62
300.00
-6,651.05
0.00
1180-000 TOTAL AVAILABLE CASH
87,415.57
94,066.62
-6,651.05
1195-000 TOTAL CASH
87,415.57
94,066.62
-6,651.05
4,967.82
57,965.66
52,350.56
0.00
139,017.98
47,964.99
4,967.82
-81,052.32
4,385.57
115,284.04
186,982.97
-71,698.93
8,282,371.08
8,282,371.08
0.00
8,282,371.08
8,282,371.08
0.00
2,150.00
2,150.00
0.00
2,150.00
2,150.00
0.00
8,487,220.69
8,565,570.67
-78,349.98
81,327.50
1,275.92
70,000.00
78,077.50
1,275.92
70,000.00
3,250.00
0.00
0.00
152,603.42
149,353.42
3,250.00
7,867,139.14
7,880,356.45
-13,217.31
7,867,139.14
7,880,356.45
-13,217.31
1212-000
1215-000
1225-100
1225-200
CURRENT ASSETS
Prepaid - Expense
Escrow - Property Tax
Escrow - Property Insurance
1227-000 TOTAL CURRENT ASSETS
1230-000 FIXED ASSETS
1236-000 Building
1258-000 TOTAL FIXED ASSETS
1300-000 OTHER ASSETS
1305-000 Deposits - Utility
1499-000 TOTAL OTHER ASSETS
1500-000 TOTAL ASSETS
2500-000 LIABILITIES & EQUITY
2550-000 LIABILITIES
2600-000
2650-000
2677-000
2696-600
OTHER LIABILITIES
Resident Security Deposit
Unclaimed Property Liability
To/ From Related Party
2699-000 TOTAL OTHER LIABILITIES
2750-000 NOTES PAYABLE
2768-000 Notes Payable - Mortgage
2788-000 TOTAL NOTES PAYABLES
Page 1 of 2
1/14/2015 4:32 PM
Balance Sheet (With Period Change)
Period = Dec 2014
Book = Cash
Balance
Current Period
Beginning
Balance
Net
Change
2790-000 TOTAL LIABILITIES
8,019,742.56
8,029,709.87
-9,967.31
2794-000
2801-000
2801-100
2806-000
2815-000
2860-000
-4,457,396.82
-885,000.00
5,024,426.52
340,502.80
444,945.63
-4,457,396.82
-840,000.00
5,024,426.52
340,502.80
468,328.30
0.00
-45,000.00
0.00
0.00
-23,382.67
467,478.13
535,860.80
-68,382.67
8,487,220.69
8,565,570.67
-78,349.98
EQUITY
Owner - Advance/ Withdrawal
Distributions To Partners
Retained Earnings
Capital
Current Year Earnings
2880-000 TOTAL EQUITY
2890-000 TOTAL LIABILITIES & EQUITY
Page 2 of 2
1/14/2015 4:32 PM
Trial Balance
Period = Dec 2014
Book = Cash
1110-000
1170-000
1215-000
1225-100
1225-200
1236-000
1305-000
2650-000
2651-000
2670-000
2677-000
2696-600
2768-000
2801-000
2801-100
2806-000
2815-000
2860-000
3110-000
3160-000
3180-000
3190-000
3235-000
3270-000
3300-000
3514-000
3516-000
3520-000
3524-000
3525-000
3526-000
3528-000
3546-000
3550-000
3557-500
3558-000
3564-000
3580-000
3582-000
3592-000
3639-000
4012-000
4018-000
4020-000
4020-800
4021-200
4021-800
4022-000
4023-200
4026-000
4027-500
4030-100
Cash - Operating
Petty Cash
Prepaid - Expense
Building
Deposits - Utility
Security Deposit Clearing
Prepaid Rent
Notes Payable - Mortgage
Retained Earnings
Capital
Loss/ Gain to Lease
Vacancy Loss
Expense - Bad Debt
Rent Concession
Fees - Application
Fees - Late Payment
Fees - NSF
Fees - Termination
Parking - Garage
Income - Laundry
Income - Other
Income - Storage
Bad Debt Recovery
Damages
Billback - Sewer
Forward
Balance
93,766.62
300.00
0.00
139,017.98
47,964.99
8,282,371.08
2,150.00
-78,077.50
0.00
0.00
-1,275.92
-70,000.00
-7,880,356.45
4,457,396.82
840,000.00
-5,024,426.52
-340,502.80
0.00
-1,818,720.00
39,534.00
70,236.91
19,855.00
7,417.29
0.00
5,750.00
-5,936.53
-11,215.41
-4,837.00
-5,750.00
-10,975.14
-25.00
-6,889.00
-11,087.45
-7,991.97
-11,971.46
-342.50
-7,375.28
-2,910.00
-3,451.98
-60,024.60
0.00
41,270.52
8,263.50
0.00
1,717.86
13,983.11
0.00
3,329.71
5,753.77
9,964.91
10,938.64
44,009.14
Page 1 of 3
Debit
0.00
0.00
4,967.82
0.00
4,385.57
0.00
0.00
0.00
0.00
0.00
0.00
0.00
13,217.31
0.00
45,000.00
0.00
0.00
0.00
0.00
7,041.00
4,406.28
1,805.00
0.00
7,075.60
1,000.00
10.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
342.50
0.00
0.00
0.00
0.00
0.00
3,200.24
1,414.00
0.00
2,484.00
4,422.75
0.00
322.07
863.34
1,823.76
0.00
4,713.06
Credit
6,651.05
0.00
0.00
81,052.32
0.00
0.00
0.00
3,250.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
170,265.00
0.00
0.00
0.00
9,889.32
0.00
0.00
0.00
955.16
400.50
550.00
1,200.00
0.00
0.00
1,015.00
0.00
1,103.50
0.00
673.06
0.00
49.00
4,408.85
490.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ending
Balance
87,115.57
300.00
4,967.82
57,965.66
52,350.56
8,282,371.08
2,150.00
-81,327.50
0.00
0.00
-1,275.92
-70,000.00
-7,867,139.14
4,457,396.82
885,000.00
-5,024,426.52
-340,502.80
0.00
-1,988,985.00
46,575.00
74,643.19
21,660.00
-2,472.03
7,075.60
6,750.00
-5,926.53
-12,170.57
-5,237.50
-6,300.00
-12,175.14
-25.00
-6,889.00
-12,102.45
-7,991.97
-13,074.96
0.00
-8,048.34
-2,910.00
-3,500.98
-64,433.45
-490.00
44,470.76
9,677.50
0.00
4,201.86
18,405.86
0.00
3,651.78
6,617.11
11,788.67
10,938.64
48,722.20
1/14/2015 4:32 PM
Trial Balance
Period = Dec 2014
Book = Cash
Forward
Balance
4030-400
4032-000
4033-800
4035-200
4035-800
4037-500
4143-000
4144-000
4148-000
4158-000
4160-000
4161-000
4205-000
4208-000
4223-000
4246-000
4250-000
4252-000
4256-000
4262-000
4264-000
4268-000
4290-000
4311-000
4318-000
4332-000
4334-000
4356-000
4370-000
4375-000
4391-000
4431-000
4432-000
4434-000
4435-000
4436-000
4439-000
4444-000
4446-000
4448-000
4452-000
4454-000
4456-000
4470-000
4470-100
4470-300
4475-000
4478-000
4481-000
4484-000
4488-000
4490-000
R&M - Bonuses
R&M - Taxes
Employee Screening
Bank Charges
Fees - Payroll
Dues & Subscription
Permits & Licenses
Expense - Training
Management Fee
Printed Forms
Office Supplies
Overnight Mail
Postage
Computer/Modem
Office Telephone
Sign and Banners
Activities
Hospitality
Shopping Reports
Tenant Screening
Collateral Supplies
Uniforms
Appliance Supplies
Cleaning Supplies
Electrical Supplies
HVAC Supplies
Key & Lock Supplies
Paint Supplies
Plumbing Supplies
Repair & Maintenance Services
Repair - Exterior
Repair - Interior
Cleaning Services
Electrical Services
HVAC Services
23,919.71
7,050.49
6,480.63
11,112.33
11,089.79
7,052.25
18.06
154.61
3,157.93
4,063.70
608.32
6,634.47
5,124.44
1,607.80
50,244.11
541.51
2,286.08
215.26
292.26
1,483.80
190.00
3,057.14
1,921.99
549.45
312.97
72.83
52.30
35.00
1,099.56
351.85
83.64
382.47
750.65
1,457.00
367.69
1,820.27
3,213.28
417.52
189.86
174.71
182.60
2,269.64
178.77
0.00
183.81
2,513.99
2,274.00
5,165.00
817.16
896.40
1,242.74
1,702.94
Page 2 of 3
Debit
0.00
2,938.25
585.14
1,231.99
1,003.72
1,728.00
0.00
0.00
104.05
578.43
0.00
0.00
478.04
129.80
4,656.27
40.88
110.39
7.50
21.76
129.80
0.00
290.22
150.00
49.95
0.00
52.30
0.00
100.00
110.60
0.00
0.00
196.62
0.00
0.00
38.07
181.24
0.00
51.48
0.00
0.00
0.00
106.36
0.00
0.00
0.00
1,810.00
115.00
1,005.00
202.16
0.00
0.00
0.00
Credit
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
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
52.30
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
0.00
0.00
0.00
183.81
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ending
Balance
23,919.71
9,988.74
7,065.77
12,344.32
12,093.51
8,780.25
18.06
154.61
3,261.98
4,642.13
608.32
6,634.47
5,602.48
1,737.60
54,900.38
582.39
2,396.47
222.76
314.02
1,613.60
190.00
3,347.36
2,071.99
599.40
312.97
125.13
0.00
135.00
1,210.16
351.85
83.64
579.09
750.65
1,457.00
405.76
2,001.51
3,213.28
469.00
189.86
174.71
182.60
2,376.00
178.77
0.00
0.00
4,323.99
2,389.00
6,170.00
1,019.32
896.40
1,242.74
1,702.94
1/14/2015 4:32 PM
Trial Balance
Period = Dec 2014
Book = Cash
Forward
Balance
4494-000
4496-000
4511-000
4512-000
4513-000
4552-000
4571-000
4572-000
4576-000
4578-000
4622-000
4702-000
4713-000
4715-000
4723-000
4724-000
4724-500
4802-000
4804-000
4812-000
4817-000
4844-000
4852-000
5004-000
5006-000
5018-000
6508-000
7101-000
8010-000
8062-000
8090-000
8325-000
8480-000
8605-000
Plumbing Services
Elevator - Contract
Elevator - Repair
Landscape - Other
Pool - Supplies
Pool - Repair
Turnover - Painting
Gas - Common Area
Gas - Vacant
Waste Removal
Water - Common Area
Insurance - Expense
Property Taxes
Cptl - Vinyl
2,492.00
2,001.17
0.00
1,794.66
1,219.83
20,000.00
10,569.00
414.98
423.00
6,750.00
4,675.00
990.00
4,575.00
963.58
467.21
3,350.00
2,333.09
44,119.01
686.54
27,914.05
643.95
26,890.92
49,272.15
54,971.00
100,744.14
3,959.31
335,339.18
30,465.00
3,853.45
270,981.78
19,260.57
6,176.11
725.00
3,065.20
Total
Page 3 of 3
Debit
214.00
79.00
0.00
769.14
0.00
2,000.00
0.00
0.00
0.00
750.00
425.00
165.00
660.00
0.00
203.25
390.00
275.07
3,978.38
42.26
3,810.03
39.69
2,566.82
7,581.55
0.00
99,188.52
0.00
29,748.35
0.00
407.66
0.00
1,469.17
0.00
0.00
728.66
Credit
Ending
Balance
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
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
0.00
0.00
0.00
0.00
0.00
0.00
2,706.00
2,080.17
0.00
2,563.80
1,219.83
22,000.00
10,569.00
414.98
423.00
7,500.00
5,100.00
1,155.00
5,235.00
963.58
670.46
3,740.00
2,608.16
48,097.39
728.80
31,724.08
683.64
29,457.74
56,853.70
54,971.00
199,932.66
3,959.31
365,087.53
30,465.00
4,261.11
270,981.78
20,729.74
6,176.11
725.00
3,793.86
0.00 282,188.87 282,188.87
0.00
1/14/2015 4:32 PM
Cash Flow Statement
Period = Dec 2014
Book = Cash
Period to Date
%
Year to Date
%
3000-000 INCOME
3100-000
3105-000
3110-000
3160-000
RENTAL INCOME
Loss/ Gain to Lease
170,265.00
-7,041.00
3169-000
3180-000
3190-000
3235-000
3270-000
3300-000
163,224.00
Vacancy Loss
Expense - Bad Debt
Rent Concession
3500-000
3514-000
3516-000
3520-000
3524-000
3525-000
3526-000
3528-000
3546-000
3550-000
3557-500
3558-000
3564-000
3580-000
3582-000
3592-000
3639-000
1,988,985.00
-46,575.00
100.00
-2.34
95.86 1,942,410.00
97.66
-4,406.28
-1,805.00
9,889.32
-7,075.60
-1,000.00
-2.59
-1.06
5.81
-4.16
-0.59
-74,643.19
-21,660.00
2,472.03
-7,075.60
-6,750.00
-3.75
-1.09
0.12
-0.36
-0.34
-4,397.56
-2.58
-107,656.76
-5.41
93.28 1,834,753.24
92.25
158,826.44
OTHER INCOME
Fees - Application
Fees - Late Payment
Fees - NSF
Fees - Termination
Parking - Garage
Income - Laundry
Income - Other
Income - Storage
Bad Debt Recovery
Damages
Billback - Sewer
100.00
-4.14
-10.00
955.16
400.50
550.00
1,200.00
0.00
0.00
1,015.00
0.00
1,103.50
-342.50
673.06
0.00
49.00
4,408.85
490.00
-0.01
0.56
0.24
0.32
0.70
0.00
0.00
0.60
0.00
0.65
-0.20
0.40
0.00
0.03
2.59
0.29
5,926.53
12,170.57
5,237.50
6,300.00
12,175.14
25.00
6,889.00
12,102.45
7,991.97
13,074.96
0.00
8,048.34
2,910.00
3,500.98
64,433.45
490.00
0.30
0.61
0.26
0.32
0.61
0.00
0.35
0.61
0.40
0.66
0.00
0.40
0.15
0.18
3.24
0.02
10,492.57
6.16
161,275.89
8.11
169,319.01
99.44 1,996,029.13 100.35
4005-000
4010-000
4012-000
4018-000
4020-800
4021-200
4022-000
4023-200
4026-000
4027-500
PAYROLL EXPENSES
ADMINISTRATIVE PAYROLL EXPENSES
3,200.24
1,414.00
2,484.00
4,422.75
322.07
863.34
1,823.76
0.00
Page 1 of 4
1.88
0.83
1.46
2.60
0.19
0.51
1.07
0.00
44,470.76
9,677.50
4,201.86
18,405.86
3,651.78
6,617.11
11,788.67
10,938.64
2.24
0.49
0.21
0.93
0.18
0.33
0.59
0.55
1/14/2015 4:32 PM
Cash Flow Statement
Period = Dec 2014
Book = Cash
Period to Date
%
Year to Date
%
14,530.16
8.53
109,752.18
5.52
4,713.06
0.00
2,938.25
585.14
1,231.99
1,003.72
1,728.00
2.77
0.00
1.73
0.34
0.72
0.59
1.01
48,722.20
23,919.71
9,988.74
7,065.77
12,344.32
12,093.51
8,780.25
2.45
1.20
0.50
0.36
0.62
0.61
0.44
12,200.16
7.17
122,914.50
6.18
26,730.32
15.70
232,666.68
11.70
0.00
0.00
104.05
578.43
0.00
0.00
478.04
129.80
4,656.27
40.88
110.39
7.50
21.76
129.80
0.00
290.22
150.00
0.00
0.00
0.06
0.34
0.00
0.00
0.28
0.08
2.73
0.02
0.06
0.00
0.01
0.08
0.00
0.17
0.09
18.06
154.61
3,261.98
4,642.13
608.32
6,634.47
5,602.48
1,737.60
54,900.38
582.39
2,396.47
222.76
314.02
1,613.60
190.00
3,347.36
2,071.99
0.00
0.01
0.16
0.23
0.03
0.33
0.28
0.09
2.76
0.03
0.12
0.01
0.02
0.08
0.01
0.17
0.10
6,697.14
3.93
88,298.62
4.44
49.95
0.00
52.30
-52.30
100.00
110.60
0.00
0.00
0.03
0.00
0.03
-0.03
0.06
0.06
0.00
0.00
599.40
312.97
125.13
0.00
135.00
1,210.16
351.85
83.64
0.03
0.02
0.01
0.00
0.01
0.06
0.02
0.00
260.55
0.15
2,818.15
0.14
196.62
0.00
0.00
38.07
181.24
0.00
51.48
0.00
0.00
0.00
0.12
0.00
0.00
0.02
0.11
0.00
0.03
0.00
0.00
0.00
579.09
750.65
1,457.00
405.76
2,001.51
3,213.28
469.00
189.86
174.71
182.60
0.03
0.04
0.07
0.02
0.10
0.16
0.02
0.01
0.01
0.01
4030-000
4030-100
4030-400
4032-000
4033-800
4035-200
4035-800
4037-500
4100-000
4143-000
4144-000
4148-000
4158-000
4160-000
4161-000
4205-000
4208-000
4223-000
4246-000
4250-000
4252-000
4256-000
4262-000
4264-000
4268-000
4290-000
R&M - Bonuses
R&M - Taxes
Employee Screening
Bank Charges
Fees - Payroll
Dues & Subscription
Permits & Licenses
Expense - Training
Management Fee
Printed Forms
Office Supplies
Overnight Mail
Postage
Computer/Modem
Office Telephone
4300-000
4311-000
4318-000
4332-000
4334-000
4356-000
4370-000
4375-000
4391-000
MARKETING & RETENTION
Sign and Banners
Activities
Hospitality
Shopping Reports
Tenant Screening
Collateral Supplies
Uniforms
4400-000
4431-000
4432-000
4434-000
4435-000
4436-000
4439-000
4444-000
4446-000
4448-000
4452-000
MAINTENANCE & REPAIRS
Appliance Supplies
Cleaning Supplies
Electrical Supplies
HVAC Supplies
Key & Lock Supplies
Paint Supplies
Page 2 of 4
1/14/2015 4:32 PM
Cash Flow Statement
Period = Dec 2014
Book = Cash
Period to Date
4454-000
4456-000
4470-100
4470-300
4475-000
4478-000
4481-000
4484-000
4488-000
4490-000
4494-000
4496-000
4512-000
4513-000
4552-000
4571-000
4572-000
4576-000
4578-000
4622-000
Plumbing Supplies
Repair - Exterior
Repair - Interior
Cleaning Services
Electrical Services
HVAC Services
Plumbing Services
Elevator - Contract
Elevator - Repair
Landscape - Other
Pool - Supplies
Pool - Repair
4700-000
4702-000
4713-000
4715-000
4723-000
4724-000
4724-500
TURNOVER EXPENSES
Turnover - Painting
4800-000
4802-000
4804-000
4812-000
4817-000
4844-000
4852-000
UTILITIES
Gas - Common Area
Gas - Vacant
Waste Removal
Water - Common Area
5000-000
5004-000
5006-000
5018-000
TAXES & INSURANCE
Insurance - Expense
Property Taxes
%
Year to Date
%
106.36
0.00
-183.81
1,810.00
115.00
1,005.00
202.16
0.00
0.00
0.00
214.00
79.00
769.14
0.00
2,000.00
0.00
0.00
0.00
750.00
425.00
0.06
0.00
-0.11
1.06
0.07
0.59
0.12
0.00
0.00
0.00
0.13
0.05
0.45
0.00
1.17
0.00
0.00
0.00
0.44
0.25
2,376.00
178.77
0.00
4,323.99
2,389.00
6,170.00
1,019.32
896.40
1,242.74
1,702.94
2,706.00
2,080.17
2,563.80
1,219.83
22,000.00
10,569.00
414.98
423.00
7,500.00
5,100.00
0.12
0.01
0.00
0.22
0.12
0.31
0.05
0.05
0.06
0.09
0.14
0.10
0.13
0.06
1.11
0.53
0.02
0.02
0.38
0.26
7,759.26
4.56
84,299.40
4.24
165.00
660.00
0.00
203.25
390.00
275.07
0.10
0.39
0.00
0.12
0.23
0.16
1,155.00
5,235.00
963.58
670.46
3,740.00
2,608.16
0.06
0.26
0.05
0.03
0.19
0.13
1,693.32
0.99
14,372.20
0.72
3,978.38
42.26
3,810.03
39.69
2,566.82
7,581.55
2.34
0.02
2.24
0.02
1.51
4.45
48,097.39
728.80
31,724.08
683.64
29,457.74
56,853.70
2.42
0.04
1.60
0.03
1.48
2.86
18,018.73
10.58
167,545.35
8.42
0.00
99,188.52
0.00
0.00
58.26
0.00
54,971.00
199,932.66
3,959.31
2.76
10.05
0.20
99,188.52
58.26
258,862.97
13.01
160,347.84
94.18
848,863.37
42.68
5.27 1,147,165.76
57.68
8,971.17
6508-000 Debt Service - Interest
29,748.35
17.47
365,087.53
18.36
29,748.35
17.47
365,087.53
18.36
-20,777.18
-12.20
782,078.23
39.32
6600-000 NET INCOME
Page 3 of 4
1/14/2015 4:32 PM
Cash Flow Statement
Period = Dec 2014
Book = Cash
Period to Date
%
Year to Date
%
7101-000 Prior Year - Expenses
0.00
0.00
30,465.00
1.53
0.00
0.00
30,465.00
1.53
-20,777.18
-12.20
751,613.23
37.79
407.66
0.00
1,469.17
0.00
0.00
728.66
0.24
0.00
0.86
0.00
0.00
0.43
4,261.11
270,981.78
20,729.74
6,176.11
725.00
3,793.86
0.21
13.62
1.04
0.31
0.04
0.19
2,605.49
1.53
306,667.60
15.42
-23,382.67
-13.73
444,945.63
22.37
-23,382.67
-13.73
444,945.63
22.37
Adjustments
Cash - Operating - Prior Management
Petty Cash - Prior Management
Prepaid - Expense
0.00
0.00
-4,967.82
81,052.32
-4,385.57
3,250.00
0.00
-13,217.31
0.00
-45,000.00
0.00
0.00
-2.92
47.60
-2.58
1.91
0.00
-7.76
0.00
-26.43
-13,496.63
300.00
-2,477.82
-5,680.01
-765.87
6,521.00
70,000.00
-150,500.39
73,845.00
-495,000.00
-0.68
0.02
-0.12
-0.29
-0.04
0.33
3.52
-7.57
3.71
-24.89
Total Adjustments
16,731.62
9.83
Cash Flow
-6,651.05
-3.91
-72,309.09
Period to Date
1015-000 Cash - Depository
1110-000 Cash - Operating
Total Cash
Beginning Balance Ending Balance
0.00
0.00
93,766.62
87,115.57
93,766.62
87,115.57
Difference
0.00
-6,651.05
-6,651.05
Year to Date
1015-000 Cash - Depository
1110-000 Cash - Operating
Total Cash
Beginning Balance Ending Balance
0.00
0.00
159,424.66
87,115.57
159,424.66
87,115.57
Difference
0.00
-72,309.09
-72,309.09
8000-000
8010-000
8062-000
8090-000
8325-000
8480-000
8605-000
Cptl - Vinyl
1110-500
1170-300
1215-000
1225-100
1225-200
2650-000
2696-600
2768-000
2801-000
2801-100
Page 4 of 4
-517,254.72 -26.01
-3.64
1/14/2015 4:32 PM
Check Detail
Property=res36731 AND mm/yy=12/2014-12/2014 AND All Checks=Yes
Check#
Bank
Payable #
Invoice #
Property
10/13/14 Cleaning commons areas
P-6814790
21258
res36731
125.00 4478000 - Cleaning Services
#002 apartment cleaning
P-6814792
21263
res36731
190.00 4713000 - Turnover - Contract Cleaning
10/17/14 Cleaning common areas a
P-6819344
21265
res36731
10/20/14 cleaning common areas,h
P-6819347
21266
res36731
Vendor
Amount Account
Date
695.00
1650 (36731wfo) - 3 in 1 Bathtub & Kitchen (cs066483) - 12/08/14 (12/14)
#025 Refinish kt cutting board a
P-6854029
1111143
res36731
215.00 4470300 - Repair - Interior
REfinish 2-vanity top, shwr stal
P-6854029
1111143
res36731
#220 Refinish double kt sink
P-6854030
10301414
res36731
#037 Refinish kt counter top,cut
P-6854031
10301413
res36731
#306 Ref Kt counter,cutting boar
P-6854032
11051431
res36731
1,810.00
#306 Range FS gas HO gas 30w
P-6854016
S100217481.001
res36731
407.66 8010000 - Cptl - Appliance Replacement
407.66
10/27/14 Cleaning Common Areas
P-6836516
21275
res36731
11/03/14 Cleaning Common Areas
P-6836517
21282
res36731
#37 lite cleaing vac apart
P-6836520
21280
res36731
#220 Lite Clean Vac Apart
P-6836522
21281
res36731
11/10/2014 Cleaning common areas
P-6854034
21292
res36731
#025 apartment cleaning vac
P-6854036
21297
res36731
11/17/2014 Cleaning common areas
P-6854037
21296
res36731
#306 apartment clean vac
P-6854038
21291
res36731
970.00
#211 clean and sanitize carpet
P-6854023
33245
res36731
50.00 4475000 - Carpet Cleaning Services
#220 clean carpet vac
P-6854024
32805
res36731
45.00 4702000 - Turnover - Carpet Cleaning
#009 inst all new metal st rip,r
P-6854026
32806
res36731
65.00 4475000 - Carpet Cleaning Services
#037 carpet stretching, patch,cl
P-6854027
32783
res36731
240.00
#025 complete paint w/cabinets
P-6854033
1236
res36731
390.00 4724000 - Turnover - Painting
390.00
11/10-11/14-14 Maint Temp Help
P-6854017
134285
res36731
1,080.00 4511000 - Temporary Contract Labor
1,080.00
P-6860073
:Refund
res36731
81.84 2651000 - Security Deposit Clearing
81.84
pull chain socket,2-9v battery
P-6854041
Page 1 of 5
9132995197
res36731
40.72 4436000 - Electrical Supplies
1/14/2015 4:32 PM
Check Detail
Check#
Bank
Vendor
Payable #
Invoice #
Property
P-6854041
9132995197
res36731
Amount Account
Date
2-24 economy filters HVAC
51.48 4444000 - HVAC Supplies
5-65w 4p base exterior lights
P-6854042
9133242438
res36731
#041 vertical vanes
P-6854044
9133283586
res36731
47.17 4481000 - Drapes/MiniBlind Repair
1-25 wht vertical vanes maint
P-6854044
9133283586
res36731
#41 Vertical headrail wht
P-6854046
9133242437
res36731
#41 Chrm handheld shwr hd
P-6854046
9133242437
res36731
25.87 4454000 - Plumbing Supplies
285.05
#25 replace carpet and pad
P-6854013
67817
res36731
998.73 8090000 - Cptl - Carpet/Vinyl Replacement
#25 replace vinyl all
P-6854013
67817
res36731
728.66 8605000 - Cptl - Vinyl
#306 replace carpet/pad lvrm
P-6854015
67613
res36731
470.44 8090000 - Cptl - Carpet/Vinyl Replacement
#306 Clean carpet Bed only vac
P-6854020
321095
res36731
2,237.83
#120 cleared kitchen sink clogge
P-6854021
7297
res36731
79.00 4496000 - Plumbing Services
79.00
01/01-01/31/15Res Portal,Payment
P-6854018
l1411007388
res36731
01/01-01/31/15 Leasing Portal
P-6854018
l1411007388
res36731
01/01-01-31/15 Screening
P-6854018
l1411007388
res36731
54.05 4148000 - Bank Charges
26.74 4205000 - Expense - Lease Operations
110.60 4370000 - Tenant Screening
191.39
1-brothertoner,lysol disft,invst
P-6854019
3246731640
res36731
96.23 4250000 - Office Supplies
96.23
#037 patio screen door
P-6854040
322527938
res36731
38.07 4435000 - Doors/ Window Supplies
3-43w tri ckl bulbs
P-6854040
322527938
res36731
54.40
P-6867124
:Refund
res36731
288.73 2651000 - Security Deposit Clearing
288.73
2015 Apartments Renewal Permit
P-6863014
19895
res36731
2,401.00 4161000 - Permits & Licenses
2,401.00
12/2014 Landscaping Maintenance
P-6863038
12693
res36731
2,000.00 4552000 - Landscape - Annual Contract
2,000.00
11/20-12/19/14 Phone and interne
P-6863030
112014-121914
res36731
290.22 4268000 - Office Telephone
290.22
Page 2 of 5
1/14/2015 4:32 PM
Check Detail
Check#
Bank
Vendor
Payable #
Invoice #
Property
P-6863049
9064986-9031525
res36731
Amount Account
Date
11/2014 Pest Control Service
214.00 4494000 - Pest Control Services
214.00
11/14 Shop Rpt DH
P-6863023
565356
res36731
100.00 4356000 - Shopping Reports
100.00
11/24-11/26/14 Temp Maint Help
P-6863018
135017
res36731
648.00 4037500 - Maintenance - Temporary Help
648.00
13w,20w,32w light bulbs
P-6863053
9133476460
res36731
Fct Shwr,toilet lever,jnt compou
P-6863053
9133476460
res36731
80.49 4454000 - Plumbing Supplies
Universal adapter
P-6863053
9133476460
res36731
#306 rplcmnt shwr diver,vertical
P-6863055
9133553422
res36731
25pk vertical blinds slats
P-6863055
9133553422
res36731
12.81 4470000 - Repair & Maintenance Services
203.25 4715000 - Turnover - Maintenance
455.92
12/2014 Lease Leads, Maintenance
P-6863042
0462247-IN
res36731
Maintenance calls
P-6863042
0462247-IN
res36731
451.30 4205000 - Expense - Lease Operations
129.80 4262000 - Answering Machine Service
581.10
12/2014 Courtesy Patrol Services
P-6863036
21466
res36731
425.00 4622000 - Security/Courtesy Patrol - Contract Service
425.00
#101 5gls Fl Extra Off Wht,2,6oz
P-6863008
9501-5
res36731
58.27 4724500 - Turnover - Paint Supplies
#40 5gls Fl Extra Off Wht,2brush
P-6863010
5632-6
res36731
#306 5gl Ft Extra Off Wht,5gls S
P-6863052
3750-4
res36731
275.07
1pk cello bags
P-6863027
3248955799
res36731
14.16 4250000 - Office Supplies
14.16
10/01-12/31/2014 Maint Elev Serv
P-6863050
3001368389
res36731
769.14 4512000 - Elevator - Contract
769.14
12/2014 Online Program
P-6863045
78907
res36731
49.95 4311000 - Internet/On-Line Advertising
49.95
12/2014 Pool Maintenance Service
P-6863034
IV-1214-1
res36731
750.00 4578000 - Pool - Contract Maintenance
750.00
Page 3 of 5
1/14/2015 4:32 PM
Check Detail
Check#
Bank
Payable #
Invoice #
Property
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
PPMS P/R-Benefit Deduct
P-6856891
res36731 PPE 11/20/2014
res36731
PPMS P/R - Transit Fee
P-6856891
res36731 PPE 11/20/2014
res36731
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
1,715.93 4012000 - Administrative - Manager Salary
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
672.00 4018000 - Administrative - Leasing Salary
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
2,484.00 4020800 - Administrative - Incentives
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
3,979.00 4021200 - Administrative - Leasing Bonuses
Vendor
Amount Account
Date
391.64 4033800 - R&M - Taxes
825.91 4035200 - R&M - Workmans Compensation
-157.68 4035800 - R&M - Medical Insurance
421.82 4158000 - Fees - Payroll
P-6856891
res36731 PPE 11/20/2014
res36731
-59.94 4021800 - Administrative - Medical Insurance
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
667.02 4023200 - Administrative - Taxes
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
1,409.01 4026000 - Administrative - Workers Compensation
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
2,573.13 4030100 - Maintenance - Supervisor Labor
PPMS P/R PPE 11/20
P-6856891
res36731 PPE 11/20/2014
res36731
2,807.00 4032000 - R&M - Bonuses
17,728.84
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
131.25 4032000 - R&M - Bonuses
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
414.75 4026000 - Administrative - Workers Compensation
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
196.32 4023200 - Administrative - Taxes
P-6876563
res36731 PPE 12/05/2014
res36731
-59.94 4021800 - Administrative - Medical Insurance
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
443.75 4021200 - Administrative - Leasing Bonuses
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
742.00 4018000 - Administrative - Leasing Salary
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
1,484.31 4012000 - Administrative - Manager Salary
PPMS P/R - Transit Fee
P-6876563
res36731 PPE 12/05/2014
res36731
156.61 4158000 - Fees - Payroll
P-6876563
res36731 PPE 12/05/2014
res36731
-59.94 4035800 - R&M - Medical Insurance
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
406.08 4035200 - R&M - Workmans Compensation
PPMS P/R PPE 12/05
P-6876563
res36731 PPE 12/05/2014
res36731
2,585.49 4030100 - Maintenance - Supervisor Labor
193.50 4033800 - R&M - Taxes
6,634.18
05/12/14-07/10/14 SE
P-6857259
0000783696-001857604-1214
res36731
900.35 4852000 - Water - Common Area
900.35
12/01/14-12/31/14 TR
P-6857260
130-0185139-1584-5-1214
res36731
2,566.82 4844000 - Waste Removal
2,566.82
07/10/14-09/11/14 SE
P-6874529
0000783696-001857604-1214b
res36731
1,059.90 4852000 - Water - Common Area
07/10/14-09/11/14 SE
P-6874530
0000784009-001856304-1214
res36731
07/10/14-09/11/14 SE
P-6874531
0000786480-001856314-1214
res36731
07/10/14-09/11/14 SE
P-6874532
0000787230-001857594-1214
res36731
6,681.20
01/01/15-01/31/15 TR
P-6887816
130-0185139-1584-5-1214b
res36731
2,566.82 4844000 - Waste Removal
2,566.82
11/24/14-12/05/14 VE
P-6887827
Page 4 of 5
45794989856-1214
res36731
13.09 4804000 - Electricity - Vacant Units
1/14/2015 4:32 PM
Check Detail
Check#
Bank
Vendor
Payable #
Invoice #
Property
P-6887827
45794989856-1214
res36731
Amount Account
Date
11/24/14-12/05/14 VG
8.85 4817000 - Gas - Vacant
21.94
12/09/14-12/16/14 VE
P-6887817
23315104776-1214
res36731
12/09/14-12/16/14 VG
P-6887817
23315104776-1214
res36731
6.32 4817000 - Gas - Vacant
11/14/14-12/16/14 GS
P-6887818
37296683509-1214
res36731
796.73 4812000 - Gas - Common Area
11/14/14-12/16/14 GA
P-6887818
37296683509-1214
res36731
1,750.81 4812000 - Gas - Common Area
11/14/14-12/16/14 GS
P-6887819
37296904053-1214
res36731
314.53 4812000 - Gas - Common Area
11/14/14-12/16/14 GA
P-6887819
37296904053-1214
res36731
579.52 4812000 - Gas - Common Area
11/14/14-12/16/14 ES
P-6887819
37296904053-1214
res36731
54.94 4802000 - Electricity - Common Area
11/14/14-12/16/14 EL
P-6887819
37296904053-1214
res36731
11/14/14-12/16/14 VE
P-6887820
37297712547-1214
res36731
11/14/14-12/16/14 VG
P-6887820
37297712547-1214
res36731
11/14/14-12/16/14 ES
P-6887821
48547271507-1214
res36731
11/14/14-12/16/14 EL
P-6887821
48547271507-1214
res36731
1,001.95 4802000 - Electricity - Common Area
12/02/14-12/16/14 VG
P-6887822
58884452750-1214
res36731
12.92 4817000 - Gas - Vacant
12/02/14-12/16/14 VE
P-6887822
58884452750-1214
res36731
11/14/14-12/16/14 ES
P-6887823
82297418596-1214
res36731
11/14/14-12/16/14 EL
P-6887823
82297418596-1214
res36731
11/14/14-12/16/14 GS
P-6887823
82297418596-1214
res36731
125.08 4812000 - Gas - Common Area
11/14/14-12/16/14 GA
P-6887823
82297418596-1214
res36731
230.47 4812000 - Gas - Common Area
11/14/14-12/16/14 VE
P-6887824
83683819066-1214
res36731
11/14/14-12/16/14 VG
P-6887824
83683819066-1214
res36731
11.60 4817000 - Gas - Vacant
11/14/14-12/16/14 ES
P-6887825
93546683575-1214
res36731
11/14/14-12/16/14 EL
P-6887825
93546683575-1214
res36731
1,788.26 4802000 - Electricity - Common Area
11/14/14-12/16/14 ES
P-6887826
93547639006-1214
res36731
11/14/14-12/16/14 EL
P-6887826
93547639006-1214
res36731
12.89 4812000 - Gas - Common Area
7,848.42
62,829.26
Page 5 of 5
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Book = Cash ; Tree = ysi_tb_pinn
Property
Property Name
Date
Period
1110-000
Person/Description
Control
Reference
Debit
Credit
Cash - Operating
Balance Remarks
93,766.62 = Beginning Balance =
11/26/2014
12/2014
11/25/2014 PPMS Consolidated Billback
J-3463107
ACH 12-24
0.00
25.00
12/5/2014
12/2014
12/2014 Owner Distribution
J-3474840
WIR 12-4
0.00
45,000.00
12/8/2014
12/2014
12/2014 Mortgage Payment - Wells Fargo
J-3474838
WIR 12-2
0.00
65,487.43
12/12/2014
12/2014
J-3480459
ACH 12-10
0.00
324.94
93,741.62 Consolidated Billbacks
48,741.62 Owner Distribution
-16,745.81 Mortgage Pmt
-17,070.75 Consolidated Billbacks
12/19/2014
12/2014
2014 Q3 Vacation Reimbursement
J-3483228
DEP 12-30
445.56
0.00
-16,625.19 2014 Q3 Vacation Reimbursement
12/23/2014
12/2014
LEASING DESK AD FEE
J-3478965
ACH
147.50
0.00
-16,477.69 LEASING DESK AD FEE
12/24/2014
12/2014
12/14 Benefits
J-3478963
ACH
0.00
1,663.29
12/25/2014
12/2014
OneSite Fees
J-3474839
BNK 12-3
0.00
50.00
12/25/2014
12/2014
12/14 MGMT FEES
J-3478966
ACH
0.00
4,656.27
12/1/2014
12/2014
Breeze Cleaning Company (cs082229)
K-2574135
1649
695.00
Deposit Total
0.00
-18,140.98 12/14 Benefits
-18,190.98 OneSite Fees
-22,847.25 12/14 MGMT FEES
-23,542.25 #002 apartment cleaning
-23,542.25
Deposit Total 467
23,973.88
Deposit Total 468
8,170.00
8,601.63
Deposit Total 469
5,455.00
14,056.63
Deposit Total 472
431.63
1,330.00
12/2/2014
12/2014
Pinnacle Property Management Service LLC (ppms0001)
K-2575439
1412056731
12/2/2014
12/2014
CITY OF EL CAJON (00124510)
K-2575598
12/2/2014
12/2014
Waste Management (utl00025)
K-2575599
15,386.63
17,728.84
-2,342.21 PPMS P/R - Transit Fee
2014120390
900.35
-3,242.56 05/12/14-07/10/14 SE
2014120391
2,566.82
-5,809.38 12/01/14-12/31/14 TR
Deposit Total 470
35,199.57
29,390.19
Deposit Total 471
1,485.00
30,875.19
Deposit Total 473
25,352.47
56,227.66
Deposit Total 474
13,032.00
69,259.66
Deposit Total 475
6,025.00
75,284.66
Deposit Total 476
1,320.00
76,604.66
Deposit Total 477
16,124.00
92,728.66
Deposit Total 478
1,560.00
94,288.66
Deposit Total 483
1,855.00
96,143.66
Deposit Total 479
1,145.00
97,288.66
Deposit Total 480
1,350.00
98,638.66
Deposit Total 482
4,205.29
102,843.95
12/8/2014
12/2014
3 in 1 Bathtub & Kitchen (cs066483)
K-2577139
1650
1,810.00
101,033.95 #037 Refinish kt counter top,cut
12/8/2014
12/2014
BAS Appliance Gallery, LLC (cs083931)
K-2577140
1651
407.66
100,626.29 #306 Range FS gas HO gas 30w
12/8/2014
12/2014
K-2577141
1652
970.00
99,656.29 #306 apartment clean vac
12/8/2014
12/2014
CCS Services, Inc. (00124697)
K-2577142
1653
240.00
99,416.29 #037 carpet stretching, patch,cl
12/8/2014
12/2014
Clean Clean Shine (00121120)
K-2577143
1654
390.00
99,026.29 #025 complete paint w/cabinets
12/8/2014
12/2014
Go-Staff, Inc. (00124719)
K-2577144
1655
1,080.00
12/8/2014
12/2014
Gresham (t0748904)
K-2577145
1656
81.84
12/8/2014
12/2014
HD Supply Facilities Maintenance (cs090133)
K-2577146
1657
285.05
12/8/2014
12/2014
J & C Carpet Company (cs065674)
K-2577147
1658
2,237.83
12/8/2014
12/2014
KACK Plumbing, Inc. (00125090)
K-2577148
1659
79.00
12/8/2014
12/2014
Realpage, Inc. (psv00020)
K-2577149
1660
191.39
95,071.18 01/01-01/31/15 Leasing Portal
12/8/2014
12/2014
Staples Business Advantage (00102356)
K-2577150
1661
96.23
94,974.95 1-brothertoner,lysol disft,invst
12/8/2014
12/2014
Wilmar Industries, Inc. (cs066512)
K-2577151
1662
54.40
97,946.29 11/10-11/14-14 Maint Temp Help
97,864.45
97,579.40 5-65w 4p base exterior lights
95,341.57 #306 Clean carpet Bed only vac
95,262.57 #120 cleared kitchen sink clogge
94,920.55 3-43w tri ckl bulbs
Deposit Total 485
2,669.00
97,589.55
Deposit Total 486
2,907.00
100,496.55
Deposit Total 487
1,103.50
101,600.05
Deposit Total 488
3,025.00
104,625.05
Deposit Total 489
4,852.50
109,477.55
Deposit Total 491
60.00
109,537.55
Deposit Total 490
965.81
110,503.36
12/16/2014
12/2014
Bigley (t0745064)
K-2581378
1663
288.73
12/16/2014
12/2014
City Of El Cajon - Finance (00128626)
K-2581379
1664
2,401.00
107,813.63 2015 Apartments Renewal Permit
12/16/2014
12/2014
Colorscapes Landcare Service, Inc. (00124703)
K-2581380
1665
2,000.00
105,813.63 12/2014 Landscaping Maintenance
12/16/2014
12/2014
Cox Communications (00120429)
K-2581381
1666
290.22
105,523.41 11/20-12/19/14 Phone and interne
12/16/2014
12/2014
Dewey Pest Control - Corporate (main) (00100774)
K-2581382
1667
214.00
105,309.41 11/2014 Pest Control Service
12/16/2014
12/2014
ELLIS PARTNERS IN MYSTERY SHOPS (00103555)
K-2581383
1668
100.00
105,209.41 11/14 Shop Rpt DH
Page 1 of 20
110,214.63
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/16/2014
12/2014
K-2581384
1669
648.00
104,561.41 11/24-11/26/14 Temp Maint Help
12/16/2014
12/2014
K-2581385
1670
455.92
104,105.49 13w,20w,32w light bulbs
12/16/2014
12/2014
Level One (00125475)
K-2581386
1671
581.10
103,524.39 12/2014 Lease Leads, Maintenance
12/16/2014
12/2014
North Coast Patrol (cs095274)
K-2581387
1672
425.00
103,099.39 12/2014 Courtesy Patrol Services
12/16/2014
12/2014
Sherwin Williams Corp. (cs068916)
K-2581388
1673
275.07
102,824.32 #306 5gl Ft Extra Off Wht,5gls S
12/16/2014
12/2014
K-2581389
1674
14.16
12/16/2014
12/2014
Thyssen Krupp Eelevator (00105930)
K-2581390
1675
769.14
12/16/2014
12/2014
Weblisters (00103075)
K-2581391
1676
49.95
12/16/2014
12/2014
Wins Pools, Inc. (00125237)
K-2581392
1677
12/16/2014
12/2014
K-2582687
2014121790
6,681.20
94,559.87 07/10/14-09/11/14 SE
12/16/2014
12/2014
K-2583121
1412196731
6,634.18
87,925.69 PPMS P/R - Transit Fee
12/22/2014
12/2014
Debit
Credit
750.00
Balance Remarks
102,810.16 1pk cello bags
102,041.02 10/01-12/31/2014 Maint Elev Serv
101,991.07 12/2014 Online Program
101,241.07 12/2014 Pool Maintenance Service
Deposit Total 492
4,947.93
92,873.62
Deposit Total 493
1,878.06
94,751.68
SAN DIEGO GAS & ELECTRIC (UTL00111)
K-2588269
2014122991
Deposit Total 494
21.94
1,364.68
Deposit Total 495
94,729.74 11/24/14-12/05/14 VE
96,094.42
1,436.39
97,530.81
12/29/2014
12/2014
K-2588267
2014122990
2,566.82
94,963.99 01/01/15-01/31/15 TR
12/29/2014
12/2014
K-2588268
2014122992
7,848.42
87,115.57 11/14/14-12/16/14 ES
Net Change=-6,651.05
1170-000
173,385.14
180,036.19
87,115.57 = Ending Balance =
0
0
300.00 = Ending Balance =
2,566.82
0.00
2,401.00
0.00
4,967.82
0
Petty Cash
300.00 = Beginning Balance =
Net Change=0.00
Prepaid - Expense
12/25/2014
12/2014
Waste Mgmt 01/01/15-01/31/15 TR to prepaid
J-3491197
:Reversed by 3491198
12/25/2014
12/2014
2015 Apartments Renewal Permit to prepaid
J-3491423
Net Change=4,967.82
12/2014
J-3474838
WIR 12-2
12/25/2014
12/2014
2014 Real Estate Tax Payment 2nd Installment
J-3491180
JE 12-20
18,136.20
0.00
0.00
99,188.52
18,136.20
99,188.52
12/2014
J-3474838
WIR 12-2
4,385.57
0.00
0
0
0
8,282,371.08 = Ending Balance =
52,350.56 Mortgage Pmt
8,282,371.08 = Beginning Balance =
Deposits - Utility
Net Change=0.00
2650-000
57,965.66 2014 RE Tax Pymt 2nd Inst
4,385.57
Building
Net Change=0.00
1305-000
Net Change=4,385.57
1236-000
12/8/2014
12/8/2014
2,566.82 Waste Mgmt 01/01/15-01/31/15 TR
0
0
-78,077.50 = Beginning Balance =
12/1/2014
12/2014
Gresham (t0748904)
R-22648559
none
12/5/2014
12/2014
Caracciola (t0788040)
R-22652273
CC59404776
12/5/2014
12/2014
R-22652276
CC884802312
12/9/2014
12/2014
Bigley (t0745064)
R-22672577
none
12/12/2014
12/2014
Smith (t0793036)
R-22676122
MO17-119363713
650.00
0.00
0.00
100.00
0.00
550.00
450.00
0.00
0.00
100.00
-77,427.50 :Prog Gen Move-Out transfer
-77,527.50
-78,077.50
-77,727.50
12/12/2014
12/2014
Smith (t0793036)
R-22676123
MO17-119363745
0.00
1,000.00
-78,727.50
12/12/2014
12/2014
Smith (t0793036)
R-22676125
MO17-119363743
0.00
200.00
-78,927.50
12/15/2014
12/2014
Hoff (t0789739)
R-22678156
MO17-098765358
0.00
550.00
-79,477.50
12/22/2014
12/2014
Miller (t0793043)
R-22698185
MO17-099119729
0.00
550.00
-80,027.50
12/22/2014
12/2014
Miller (t0793043)
R-22698185
MO17-099119729
0.00
50.00
-80,077.50
12/22/2014
12/2014
Miller (t0793043)
R-22698187
CC3059726
0.00
600.00
-80,677.50
12/22/2014
12/2014
Chafey (t0792014)
R-22698209
MO95414672
0.00
100.00
-80,777.50
12/22/2014
12/2014
Chafey (t0792014)
R-22698212
CC95403219
0.00
550.00
-81,327.50
Page 2 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
Debit
Credit
1,100.00
4,350.00
Security Deposit Clearing
12/1/2014
12/2014
Gresham (t0748904)
R-22648559
none
0.00
81.84
12/8/2014
12/2014
Gresham (t0748904)
K-2577145
1656
81.84
0.00
12/9/2014
12/2014
Bigley (t0745064)
R-22672577
none
0.00
288.73
12/16/2014
12/2014
Bigley (t0745064)
K-2581378
1663
Net Change=0.00
2670-000
Balance Remarks
-81,327.50 = Ending Balance =
288.73
0.00
370.57
370.57
Prepaid Rent
-81.84 :Prog Gen Move-Out transfer
0.00
-288.73 :Prog Gen Move-Out transfer
0.00
12/1/2014
12/2014
12/1/2014
12/2014
LONGOBARDI (t0697156)
R-22591638
none
30.00
0.00
50.00 :Prog Gen prepayment transfer
12/1/2014
12/2014
R-22591639
none
105.00
0.00
Estrada (t0697150)
R-22591637
none
20.00
0.00
12/1/2014
12/2014
CALHOUN (t0697157)
R-22591640
none
15.00
0.00
12/1/2014
12/2014
PIERTERSEN (t0697166)
R-22591641
none
9.17
0.00
12/1/2014
12/2014
PALMER (t0697168)
R-22591642
none
0.80
0.00
12/1/2014
12/2014
COLE (t0697170)
R-22591643
none
25.00
0.00
12/1/2014
12/2014
BUTLER (t0697184)
R-22591644
none
15.00
0.00
12/1/2014
12/2014
MENDIOLA (t0697190)
R-22591645
none
25.00
0.00
12/1/2014
12/2014
MENDIOLA (t0697190)
R-22591646
none
120.00
0.00
12/1/2014
12/2014
MCALONEY (t0697194)
R-22591647
none
86.00
0.00
12/1/2014
12/2014
HOWELL (t0697203)
R-22591648
none
9.67
0.00
12/1/2014
12/2014
ROCHA (t0697213)
R-22591649
none
8.57
0.00
12/1/2014
12/2014
HOLUB (t0697251)
R-22591650
none
60.07
0.00
12/1/2014
12/2014
Tassin-Carter (t0697252)
R-22591651
none
0.50
0.00
12/1/2014
12/2014
Niedzwiecki (t0710959)
R-22591652
none
35.00
0.00
12/1/2014
12/2014
R-22591653
none
5.00
0.00
12/1/2014
12/2014
Osorio (t0718433)
R-22591654
none
0.79
0.00
12/1/2014
12/2014
Gavin (t0718524)
R-22591655
none
20.00
0.00
12/1/2014
12/2014
O'Krey (t0727408)
R-22591656
none
7.10
0.00
12/1/2014
12/2014
Kachaamy (t0727946)
R-22591657
none
30.00
0.00
12/1/2014
12/2014
Christian (t0733824)
R-22591658
none
0.10
0.00
12/1/2014
12/2014
Ball (t0734442)
R-22591659
none
5.00
0.00
12/1/2014
12/2014
Mudd (t0735112)
R-22591660
none
0.33
0.00
12/1/2014
12/2014
Cyphers (t0738024)
R-22591661
none
1.00
0.00
12/1/2014
12/2014
McGehee (t0738677)
R-22591662
none
10.00
0.00
12/1/2014
12/2014
Henderson (t0745134)
R-22591663
none
21.00
0.00
12/1/2014
12/2014
Mckechnie Jr (t0751234)
R-22591664
none
15.83
0.00
12/1/2014
12/2014
Folk (t0767428)
R-22591665
none
30.00
0.00
12/1/2014
12/2014
Folk (t0767428)
R-22591666
none
33.87
0.00
12/1/2014
12/2014
De Klerk (t0771509)
R-22591667
none
1.00
0.00
12/1/2014
12/2014
Pfeifer (t0772086)
R-22591668
none
1.00
0.00
12/1/2014
12/2014
Jones (t0773612)
R-22591669
none
0.16
0.00
12/1/2014
12/2014
Oeuth (t0783831)
R-22591670
none
4.84
0.00
12/1/2014
12/2014
Folk (t0767428)
R-22608248
106
0.00
30.00
721.80
12/1/2014
12/2014
Folk (t0767428)
R-22608248
106
0.00
33.87
687.93
12/1/2014
12/2014
R-22608270
3498
0.00
9.17
678.76
12/1/2014
12/2014
Mudd (t0735112)
R-22608276
160
0.00
0.33
678.43
12/1/2014
12/2014
Gavin (t0718524)
R-22608367
CC95403134
0.00
20.00
658.43
12/1/2014
12/2014
Kachaamy (t0727946)
R-22608373
CC77546786
0.00
30.00
628.43
12/1/2014
12/2014
BUTLER (t0697184)
R-22608381
CC5001
0.00
20.00
608.43
12/2/2014
12/2014
Oeuth (t0783831)
R-22617467
253
0.00
4.84
603.59
12/2/2014
12/2014
O'Krey (t0727408)
R-22617495
367
0.00
7.10
596.49
12/2/2014
12/2014
Pfeifer (t0772086)
R-22617497
771
0.00
1.00
595.49
12/2/2014
12/2014
R-22617506
348
0.00
0.50
594.99
12/2/2014
12/2014
HOWELL (t0697203)
R-22617577
1748
0.00
9.67
585.32
12/2/2014
12/2014
R-22617659
MO205852265828
0.00
35.00
550.32
Page 3 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/2/2014
12/2014
R-22617659
MO205852265828
Debit
Credit
0.00
5.00
Balance Remarks
545.32
12/3/2014
12/2014
PALMER (t0697168)
R-22630352
267
0.00
0.80
544.52
12/3/2014
12/2014
MENDIOLA (t0697190)
R-22630382
1105
0.00
25.00
519.52
12/3/2014
12/2014
MENDIOLA (t0697190)
R-22630382
1105
0.00
150.00
369.52
12/3/2014
12/2014
De Klerk (t0771509)
R-22630398
1742
0.00
1.00
368.52
12/3/2014
12/2014
Osorio (t0718433)
R-22630413
176
0.00
0.79
367.73
12/3/2014
12/2014
Cyphers (t0738024)
R-22630497
CC435624283
0.00
4.00
363.73
12/3/2014
12/2014
COLE (t0697170)
R-22630527
435625451
0.00
25.00
338.73
12/3/2014
12/2014
McGehee (t0738677)
R-22630565
MO17-048931960
0.00
11.00
327.73
12/4/2014
12/2014
CALHOUN (t0697157)
R-22637086
650
0.00
15.00
312.73
12/4/2014
12/2014
R-22637106
MO103594297851
0.00
10.83
301.90
12/4/2014
12/2014
R-22637113
MO17-085948098
0.00
21.00
280.90
12/4/2014
12/2014
R-22637128
101
0.00
25.10
255.80
12/5/2014
12/2014
Ward (t0774081)
R-22650765
0 batch receipt
10.00
0.00
265.80 0 batch receipt
12/8/2014
12/2014
Gaxiola (t0722583)
R-22660906
0 batch receipt
0.00
5.00
260.80 0 batch receipt
12/8/2014
12/2014
R-22663486
3264
0.00
30.00
230.80
12/8/2014
12/2014
R-22663486
3264
0.00
65.00
165.80
12/9/2014
12/2014
MCALONEY (t0697194)
R-22667574
CC8661502295
0.00
114.00
51.80
12/11/2014
12/2014
GROVES (t0697176)
R-22673478
MO17-098765380
0.00
0.61
51.19
12/11/2014
12/2014
HOLUB (t0697251)
R-22673480
CC33050838
0.00
60.07
-8.88
12/11/2014
12/2014
Estrada (t0697150)
R-22673482
MO103594297972
0.00
20.00
-28.88
12/12/2014
12/2014
ROCHA (t0697213)
R-22676109
MO21768620984
0.00
8.57
-37.45
12/12/2014
12/2014
Smith (t0793036)
R-22676131
MO17-119363744
0.00
590.32
-627.77
12/12/2014
12/2014
Smith (t0793036)
R-22676133
MO17-119363749
0.00
340.00
-967.77
12/22/2014
12/2014
Chafey (t0792014)
R-22698212
CC95403219
0.00
0.10
-967.87
12/25/2014
12/2014
12/14 CASH BASIS RENT ADJ.
J-3478962
JE ADJ
Net Change=0.00
2677-000
967.87
0.00
1,729.67
1,729.67
Net Change=0.00
2696-600
0
0
0
0
13,217.31
0.00
13,217.31
0
12/2014
WIR 12-2
0
0
12/2014
12/2014 Owner Distribution
J-3474840
WIR 12-4
45,000.00
0.00
45,000.00
0
Retained Earnings
0
0
Capital
885,000.00 Owner Distribution
-5,024,426.52 = Ending Balance =
Net Change=0.00
2860-000
4,457,396.82 = Ending Balance =
-5,024,426.52 = Beginning Balance =
Net Change=0.00
2815-000
Net Change=45,000.00
2806-000
-7,867,139.14 Mortgage Pmt
4,457,396.82 = Beginning Balance =
Net Change=0.00
12/5/2014
J-3474838
2801-000
Net Change=0.00
12/8/2014
0.00 12/14 CASH BASIS RENT ADJ.
0
0
0
0
Net Change=0.00
12/1/2014
12/2014
Estrada (t0697150)
R-22591637
none
0.00
20.00
-1,818,740.00 :Prog Gen prepayment transfer
12/1/2014
12/2014
R-22591639
none
0.00
105.00
Page 4 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/1/2014
12/2014
BUTLER (t0697184)
R-22591644
none
Debit
Credit
0.00
15.00
Balance Remarks
12/1/2014
12/2014
MENDIOLA (t0697190)
R-22591646
none
0.00
120.00
12/1/2014
12/2014
MCALONEY (t0697194)
R-22591647
none
0.00
86.00
12/1/2014
12/2014
Gavin (t0718524)
R-22591655
none
0.00
20.00
12/1/2014
12/2014
O'Krey (t0727408)
R-22591656
none
0.00
7.10
12/1/2014
12/2014
Kachaamy (t0727946)
R-22591657
none
0.00
30.00
12/1/2014
12/2014
R-22591658
none
0.00
0.10
12/1/2014
12/2014
Mudd (t0735112)
R-22591660
none
0.00
0.33
12/1/2014
12/2014
R-22591663
none
0.00
21.00
12/1/2014
12/2014
R-22591664
none
0.00
15.83
12/1/2014
12/2014
Folk (t0767428)
R-22591666
none
0.00
33.87
12/1/2014
12/2014
Pfeifer (t0772086)
R-22591668
none
0.00
1.00
12/1/2014
12/2014
Jones (t0773612)
R-22591669
none
0.00
0.16
12/1/2014
12/2014
CISNEROS (t0697266)
R-22596925
none
0.00
1,805.00
-1,821,000.39 :Prog Gen credit application
12/1/2014
12/2014
GRUENDER (t0697250)
R-22608229
261
0.00
1,485.00
-1,822,485.39
12/1/2014
12/2014
Li (t0785912)
R-22608233
2459
0.00
1,420.00
-1,823,905.39
12/1/2014
12/2014
McCauley (t0718843)
R-22608238
2707
0.00
1,525.00
-1,825,430.39
12/1/2014
12/2014
WILLIAMS (t0697263)
R-22608241
1103
0.00
1,405.00
-1,826,835.39
12/1/2014
12/2014
Folk (t0767428)
R-22608248
106
0.00
1,256.13
-1,828,091.52
12/1/2014
12/2014
JILES (t0697151)
R-22608251
2143
0.00
1,275.00
-1,829,366.52
12/1/2014
12/2014
TOVEY (t0697152)
R-22608254
2376
0.00
1,250.00
-1,830,616.52
12/1/2014
12/2014
Jonas (t0725430)
R-22608264
4507
0.00
1,115.00
-1,831,731.52
12/1/2014
12/2014
R-22608270
3498
0.00
1,100.00
-1,832,831.52
12/1/2014
12/2014
FRANKENBERGER (t0697182)
R-22608273
326
0.00
1,260.00
-1,834,091.52
12/1/2014
12/2014
ERLIKH (t0697188)
R-22608274
1313
0.00
1,250.00
-1,835,341.52
12/1/2014
12/2014
Mudd (t0735112)
R-22608276
160
0.00
1,094.67
-1,836,436.19
12/1/2014
12/2014
Jones (t0789742)
R-22608278
1961
0.00
1,140.00
-1,837,576.19
12/1/2014
12/2014
KULCZAK (t0697196)
R-22608280
670
0.00
1,285.00
-1,838,861.19
12/1/2014
12/2014
Rivera (t0785306)
R-22608281
1015
0.00
1,155.00
-1,840,016.19
12/1/2014
12/2014
ALMARIO (t0697210)
R-22608283
1935
0.00
1,300.00
-1,841,316.19
12/1/2014
12/2014
COATS (t0697215)
R-22608287
261
0.00
1,265.00
-1,842,581.19
12/1/2014
12/2014
Ball (t0734442)
R-22608289
2080
0.00
1,490.00
-1,844,071.19
12/1/2014
12/2014
NICHOLS (t0697224)
R-22608346
MO205792587748
0.00
825.00
-1,844,896.19
12/1/2014
12/2014
NICHOLS (t0697224)
R-22608350
MO205792587737
0.00
1,000.00
-1,845,896.19
12/1/2014
12/2014
GROVES (t0697176)
R-22608353
MO17-098765296
0.00
59.39
-1,845,955.58
12/1/2014
12/2014
GROVES (t0697176)
R-22608353
MO17-098765296
0.00
160.61
-1,846,116.19
12/1/2014
12/2014
GROVES (t0697176)
R-22608356
MO17-098765294
0.00
500.00
-1,846,616.19
12/1/2014
12/2014
GROVES (t0697176)
R-22608361
MO17-098765295
0.00
500.00
-1,847,116.19
12/1/2014
12/2014
Gavin (t0718524)
R-22608367
CC95403134
0.00
1,300.00
-1,848,416.19
12/1/2014
12/2014
Kachaamy (t0727946)
R-22608373
CC77546786
0.00
1,090.00
-1,849,506.19
12/1/2014
12/2014
BUTLER (t0697184)
R-22608381
CC5001
0.00
1,275.00
-1,850,781.19
12/1/2014
12/2014
ABI NAJM (t0697197)
R-22608387
CC351649864
0.00
1,280.00
-1,852,061.19
12/1/2014
12/2014
Jones (t0789742)
R-22611368
MYYYD16DLA3
0.00
1,140.00
-1,853,201.19 Portal ACH payment -- Larissa Jones
12/1/2014
12/2014
Hill (t0786478)
R-22611369
PTQ1F16DLA3
0.00
1,420.00
-1,854,621.19 Portal ACH payment -- Jeffrey Hill
12/1/2014
12/2014
HELLER (t0697226)
R-22611370
TB5XD16DLA3
0.00
1,805.00
-1,856,426.19 Portal ACH payment -- KENNETH HELLER
12/1/2014
12/2014
Barboza (t0714349)
R-22611371
VC1VD16DLA3
0.00
1,090.00
-1,857,516.19 Portal ACH payment -- Jonathan Barboza
12/1/2014
12/2014
Ginsberg (t0711007)
R-22625802
3W54F16DLA3
0.00
1,300.00
12/1/2014
12/2014
Gresham (t0748904)
R-22648559
none
0.00
58.55
12/2/2014
12/2014
Oeuth (t0783831)
R-22617467
253
0.00
1,850.00
-1,858,816.19 Portal ACH payment -- Joel Ginsberg
-1,858,874.74 :Prog Gen Move-Out transfer
-1,860,724.74
12/2/2014
12/2014
Britton (t0735534)
R-22617473
297
0.00
1,815.00
-1,862,539.74
12/2/2014
12/2014
GOGGIN (t0697227)
R-22617478
7017
0.00
1,805.00
-1,864,344.74
12/2/2014
12/2014
O'Krey (t0727408)
R-22617495
367
0.00
1,817.90
-1,866,162.64
12/2/2014
12/2014
Pfeifer (t0772086)
R-22617497
771
0.00
1,824.00
-1,867,986.64
12/2/2014
12/2014
Roberson (t0704092)
R-22617502
6555
0.00
1,815.00
-1,869,801.64
12/2/2014
12/2014
R-22617506
348
0.00
1,425.00
-1,871,226.64
12/2/2014
12/2014
McDonell (t0763028)
R-22617512
1001
0.00
1,415.00
-1,872,641.64
12/2/2014
12/2014
Schwarz (t0773732)
R-22617518
195
0.00
1,100.00
-1,873,741.64
Page 5 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/2/2014
12/2014
TING (t0697158)
R-22617528
1440
Debit
Credit
0.00
1,270.00
Balance Remarks
-1,875,011.64
12/2/2014
12/2014
Mendiola (t0781746)
R-22617535
109
0.00
1,350.00
-1,876,361.64
12/2/2014
12/2014
Crase (t0772062)
R-22617538
299
0.00
1,295.00
-1,877,656.64
12/2/2014
12/2014
MARTIN (t0697181)
R-22617540
6613
0.00
1,265.00
-1,878,921.64
12/2/2014
12/2014
Gaxiola (t0722583)
R-22617557
3327
0.00
1,314.00
-1,880,235.64
12/2/2014
12/2014
Mentzer (t0697622)
R-22617564
286
0.00
1,289.00
-1,881,524.64
12/2/2014
12/2014
HOWELL (t0697203)
R-22617577
1748
0.00
1,275.00
-1,882,799.64
12/2/2014
12/2014
NYMAN (t0697212)
R-22617582
1797
0.00
1,110.00
-1,883,909.64
12/2/2014
12/2014
Sanchez (t0774109)
R-22617588
2000
0.00
1,315.00
-1,885,224.64
12/2/2014
12/2014
AKIN (t0697230)
R-22617593
43575493
0.00
1,725.00
-1,886,949.64
12/2/2014
12/2014
Bryant (t0771470)
R-22617598
CC7329003190
0.00
1,450.00
-1,888,399.64
12/2/2014
12/2014
GUTIERREZ (t0697163)
R-22617618
CC89103328
0.00
64.52
-1,888,464.16
12/2/2014
12/2014
R-22617618
CC89103328
0.00
1,210.48
-1,889,674.64
12/2/2014
12/2014
Rainey (t0750170)
R-22617622
CC895012
0.00
1,080.00
-1,890,754.64
12/2/2014
12/2014
Rocha (t0775028)
R-22617628
CC435583137
0.00
1,295.00
-1,892,049.64
12/2/2014
12/2014
R-22617636
MO205852265817
0.00
975.00
-1,893,024.64
12/2/2014
12/2014
R-22617659
MO205852265828
0.00
120.00
-1,893,144.64
12/2/2014
12/2014
SERRANO-CORTES (t0697217)
R-22624631
LDX4F16DLA3
0.00
1,290.00
-1,894,434.64 Portal credit card payment -- SAUL SERRANO-CORTES
12/3/2014
12/2014
Hawksworth (t0773697)
R-22630285
205
0.00
1,825.00
-1,896,259.64
12/3/2014
12/2014
Bracken (t0697232)
R-22630290
3361
0.00
1,825.00
-1,898,084.64
12/3/2014
12/2014
HECK (t0697240)
R-22630297
1872
0.00
1,805.00
-1,899,889.64
12/3/2014
12/2014
FORCIER (t0697245)
R-22630307
1151
0.00
1,470.00
-1,901,359.64
12/3/2014
12/2014
Switzer (t0710284)
R-22630316
123
0.00
1,440.00
-1,902,799.64
12/3/2014
12/2014
Ghazal (t0721028)
R-22630333
8053
0.00
1,500.00
-1,904,299.64
12/3/2014
12/2014
QUINTANILLA (t0697153)
R-22630336
1621
0.00
1,100.00
-1,905,399.64
12/3/2014
12/2014
ZAENGER (t0697164)
R-22630339
1109
0.00
1,265.00
-1,906,664.64
12/3/2014
12/2014
Bigley (t0745064)
R-22630344
1000
0.00
322.47
-1,906,987.11
12/3/2014
12/2014
PALMER (t0697168)
R-22630352
267
0.00
1,090.00
-1,908,077.11
12/3/2014
12/2014
LASCONIA (t0697172)
R-22630367
711
0.00
1,300.00
-1,909,377.11
12/3/2014
12/2014
Klock (t0766240)
R-22630371
1528
0.00
1,310.00
-1,910,687.11
12/3/2014
12/2014
Green (t0710990)
R-22630375
2361
0.00
1,310.00
-1,911,997.11
12/3/2014
12/2014
MENDIOLA (t0697190)
R-22630382
1105
0.00
960.00
-1,912,957.11
12/3/2014
12/2014
Richardson (t0764619)
R-22630385
2402
0.00
1,285.00
-1,914,242.11
12/3/2014
12/2014
QUINTERO (t0697199)
R-22630393
163
0.00
1,105.00
-1,915,347.11
12/3/2014
12/2014
De Klerk (t0771509)
R-22630398
1742
0.00
1,105.00
-1,916,452.11
12/3/2014
12/2014
WELLS (t0697207)
R-22630407
1745
0.00
1,320.00
-1,917,772.11
12/3/2014
12/2014
Osorio (t0718433)
R-22630413
176
0.00
1,120.00
-1,918,892.11
12/3/2014
12/2014
Hall (t0749132)
R-22630486
30013178
0.00
1,815.00
-1,920,707.11
12/3/2014
12/2014
Sotelo (t0783830)
R-22630487
CC680502
0.00
1,825.00
-1,922,532.11
12/3/2014
12/2014
Cyphers (t0738024)
R-22630497
CC435624283
0.00
1,399.00
-1,923,931.11
12/3/2014
12/2014
Apodac (t0762908)
R-22630503
CC1147417756
0.00
1,450.00
-1,925,381.11
12/3/2014
12/2014
Collantes (t0748265)
R-22630513
CC8661502292
0.00
1,265.00
-1,926,646.11
12/3/2014
12/2014
COLE (t0697170)
R-22630527
435625451
0.00
1,310.00
-1,927,956.11
12/3/2014
12/2014
Hamilton (t0746871)
R-22630536
CC869802042
0.00
1,095.00
-1,929,051.11
12/3/2014
12/2014
BARNES (t0697187)
R-22630540
MO106410161583
0.00
250.00
-1,929,301.11
12/3/2014
12/2014
BARNES (t0697187)
R-22630546
MO106410161572
0.00
500.00
-1,929,801.11
12/3/2014
12/2014
BARNES (t0697187)
R-22630552
MO106410161561
0.00
500.00
-1,930,301.11
12/3/2014
12/2014
McGehee (t0738677)
R-22630558
MO17-048931961
0.00
310.00
-1,930,611.11
12/3/2014
12/2014
McGehee (t0738677)
R-22630565
MO17-048931960
0.00
989.00
-1,931,600.11
12/3/2014
12/2014
Lee (t0776767)
R-22631962
00FHF16DLA3
0.00
1,825.00
-1,933,425.11 Portal ACH payment -- Ernest Lee
12/3/2014
12/2014
Navarrete (t0745379)
R-22631963
2Y5DF16DLA3
0.00
1,415.00
-1,934,840.11 Portal ACH payment -- Jose Navarrete
12/3/2014
12/2014
DESPRES (t0697193)
R-22631964
C3KCF16DLA3
0.00
1,300.00
-1,936,140.11 Portal ACH payment -- DONNA DESPRES
12/3/2014
12/2014
Hassoun (t0720847)
R-22631965
J32JF16DLA3
0.00
1,290.00
-1,937,430.11 Portal ACH payment -- Nadine Hassoun
12/3/2014
12/2014
Bailey (t0697218)
R-22633701
RSGFF16DLA3
0.00
1,290.00
-1,938,720.11 Portal credit card payment -- Joe Bailey
12/4/2014
12/2014
Lopez Jr (t0711317)
R-22637059
MO205824132547
0.00
830.00
-1,939,550.11
12/4/2014
12/2014
Lopez Jr (t0711317)
R-22637067
MO205824132536
0.00
985.00
-1,940,535.11
12/4/2014
12/2014
Sosa (t0745225)
R-22637074
116
0.00
1,450.00
-1,941,985.11
Page 6 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/4/2014
12/2014
Stafford (t0697264)
R-22637078
1086
Debit
Credit
0.00
1,399.00
Balance Remarks
-1,943,384.11
12/4/2014
12/2014
CALHOUN (t0697157)
R-22637086
650
0.00
1,265.00
-1,944,649.11
12/4/2014
12/2014
R-22637098
MO103594297884
0.00
620.00
-1,945,269.11
12/4/2014
12/2014
R-22637106
MO103594297851
0.00
629.17
-1,945,898.28
12/4/2014
12/2014
R-22637111
MO17-085948097
0.00
1,000.00
-1,946,898.28
12/4/2014
12/2014
R-22637113
MO17-085948098
0.00
239.00
-1,947,137.28
12/4/2014
12/2014
Barrie (t0773053)
R-22637115
1162
0.00
1,100.00
-1,948,237.28
12/4/2014
12/2014
R-22637128
101
0.00
1,344.90
-1,949,582.18
12/4/2014
12/2014
CASTILLO (t0697204)
R-22637131
1742
0.00
1,295.00
-1,950,877.18
12/4/2014
12/2014
Villegas (t0705135)
R-22637142
1001
0.00
1,325.00
-1,952,202.18
12/4/2014
12/2014
Boyle (t0750349)
R-22637152
1047
0.00
1,290.00
-1,953,492.18
12/4/2014
12/2014
LOPEZ (t0697211)
R-22637160
1192
0.00
1,090.00
-1,954,582.18
12/4/2014
12/2014
Miller (t0729109)
R-22644854
WRZNF16DLA3
0.00
1,470.00
-1,956,052.18 Portal credit card payment -- Tammy Miller
12/4/2014
12/2014
MOREL (t0697239)
R-22659607
YV0QF16DLA3
0.00
1,775.00
-1,957,827.18 Portal credit card payment -- JOHANNA MOREL
12/5/2014
12/2014
JOHANNSEN (t0697201)
R-22645493
988
0.00
1,110.00
-1,958,937.18
12/5/2014
12/2014
NEAL (t0697173)
R-22645612
781
0.00
1,260.00
-1,960,197.18
12/5/2014
12/2014
Hebert (t0710295)
R-22652266
MO21764068121
0.00
500.00
-1,960,697.18
12/5/2014
12/2014
TUCKER (t0697254)
R-22652268
CC59401360
0.00
1,379.00
-1,962,076.18
12/5/2014
12/2014
R-22652276
CC884802312
0.00
1,611.29
-1,963,687.47
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660696
:WriteOffChg
0.00
1,081.93
-1,964,769.40 :Prog Gen WriteOff for chg# 28910509
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660697
:WriteOffChg
0.00
1,490.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660698
:WriteOffChg
0.00
33.67
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660699
:WriteOffChg
0.00
1,490.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660700
:WriteOffChg
0.00
1,490.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660701
:WriteOffChg
0.00
1,490.00
12/8/2014
12/2014
Gaxiola (t0722583)
R-22660906
0 batch receipt
0.00
10.00
12/8/2014
12/2014
Jones (t0773612)
R-22663485
2001
0.00
1,449.84
-1,970,773.07 0 batch receipt
-1,972,222.91
12/8/2014
12/2014
R-22663486
3264
0.00
985.00
12/8/2014
12/2014
:WriteOff Chg Adjustment - Receipt #22660696
J-3468017
:WriteOffChgAdj
1,081.93
0.00
-1,972,125.98 :WriteOff Chg Adjustment - Receipt #22660696
-1,973,207.91
12/8/2014
12/2014
J-3468018
:WriteOffChgAdj
1,490.00
0.00
12/8/2014
12/2014
J-3468019
:WriteOffChgAdj
33.67
0.00
12/8/2014
12/2014
J-3468020
:WriteOffChgAdj
1,490.00
0.00
12/8/2014
12/2014
J-3468021
:WriteOffChgAdj
1,490.00
0.00
12/8/2014
12/2014
J-3468022
:WriteOffChgAdj
1,490.00
0.00
12/9/2014
12/2014
Charles (t0769090)
R-22667573
CC0937900789
0.00
1,425.00
-1,967,557.31
12/9/2014
12/2014
MCALONEY (t0697194)
R-22667574
CC8661502295
0.00
1,179.00
-1,968,736.31
12/9/2014
12/2014
Bigley (t0745064)
R-22672577
none
0.00
752.53
12/9/2014
12/2014
Bigley (t0745064)
R-22672577
none
762.90
0.00
12/11/2014
12/2014
GROVES (t0697176)
R-22673478
MO17-098765380
0.00
89.39
12/11/2014
12/2014
HOLUB (t0697251)
R-22673480
CC33050838
0.00
1,390.00
-1,970,205.33
12/11/2014
12/2014
Estrada (t0697150)
R-22673481
MO103594297983
0.00
300.00
-1,970,505.33
12/11/2014
12/2014
Estrada (t0697150)
R-22673482
MO103594297972
0.00
980.00
-1,971,485.33
-1,968,815.33
12/12/2014
12/2014
ROCHA (t0697213)
R-22676107
MO21768621390
0.00
318.57
-1,971,803.90
12/12/2014
12/2014
ROCHA (t0697213)
R-22676109
MO21768620984
0.00
791.43
-1,972,595.33
12/12/2014
12/2014
Smith (t0793036)
R-22676125
MO17-119363743
0.00
800.00
-1,973,395.33
12/12/2014
12/2014
Smith (t0793036)
R-22676131
MO17-119363744
0.00
409.68
-1,973,805.01
12/15/2014
12/2014
Hoff (t0789739)
R-22678156
MO17-098765358
0.00
50.00
-1,973,855.01
12/15/2014
12/2014
Hoff (t0789739)
R-22678157
MO17-102587347
0.00
786.29
-1,974,641.30
12/15/2014
12/2014
R-22678158
MO17-098765393
0.00
64.52
-1,974,705.82
12/20/2014
12/2014
Ntumba (t0697231)
R-22693981
MO17-098765427
0.00
65.00
-1,974,770.82
12/20/2014
12/2014
Ntumba (t0697231)
R-22693982
MO17-048931383
0.00
250.00
-1,975,020.82
12/20/2014
12/2014
Ntumba (t0697231)
R-22693983
MO17-098765425
0.00
500.00
-1,975,520.82
12/20/2014
12/2014
Ntumba (t0697231)
R-22693984
MO17-098765426
0.00
500.00
-1,976,020.82
12/20/2014
12/2014
Ntumba (t0697231)
R-22693985
MO17-048931979
0.00
500.00
-1,976,520.82
12/22/2014
12/2014
Miller (t0793043)
R-22698187
CC3059726
0.00
639.52
-1,977,160.34
12/22/2014
12/2014
Chafey (t0792014)
R-22698212
CC95403219
0.00
786.29
-1,977,946.63
12/25/2014
12/2014
J-3478962
JE ADJ
7,484.51
0.00
Page 7 of 20
-1,970,462.12 12/14 CASH BASIS RENT ADJ.
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/25/2014
12/2014
J-3478962
JE ADJ
12/25/2014
12/2014
J-3478962
JE ADJ
Debit
Credit
0.00
11,447.28
0.00
7,075.60
15,323.01
185,588.01
7,041.00
0.00
7,041.00
0
4,406.28
0.00
4,406.28
0
Loss/ Gain to Lease
12/25/2014
12/2014
JE ADJ
Vacancy Loss
12/2014
JE ADJ
12/2014
12/14 RECLASSES
46,575.00 12/14 CASH BASIS RENT ADJ.
J-3478962
Net Change=4,406.28
12/25/2014
J-3478962
Net Change=7,041.00
12/25/2014
Balance Remarks
J-3478964
RCL ADJ
Net Change=1,805.00
1,805.00
0.00
1,805.00
0
21,660.00 12/14 RENT ALLOWANCE
12/25/2014
12/2014
J-3478962
JE ADJ
0.00
9,236.29
-1,819.00 12/14 CASH BASIS RENT ADJ.
12/25/2014
12/2014
J-3478962
JE ADJ
1,454.84
0.00
-364.16 12/14 CASH BASIS RENT ADJ.
12/25/2014
12/2014
J-3478962
JE ADJ
761.80
0.00
397.64 12/14 CASH BASIS RENT ADJ.
12/25/2014
12/2014
J-3478962
JE ADJ
0.00
2,869.67
2,216.64
12,105.96
:WriteOffChg
1,081.93
0.00
3270-000
Expense - Bad Debt
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660696
1,081.93 :Prog Gen WriteOff for chg# 28910509
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660697
:WriteOffChg
1,490.00
0.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660698
:WriteOffChg
33.67
0.00
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660699
:WriteOffChg
1,490.00
0.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660700
:WriteOffChg
1,490.00
0.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660701
:WriteOffChg
1,490.00
0.00
12/8/2014
12/2014
J-3468017
:WriteOffChgAdj
0.00
1,081.93
5,993.67 :WriteOff Chg Adjustment - Receipt #22660696
12/8/2014
12/2014
J-3468018
:WriteOffChgAdj
0.00
1,490.00
12/8/2014
12/2014
J-3468019
:WriteOffChgAdj
0.00
33.67
12/8/2014
12/2014
J-3468020
:WriteOffChgAdj
0.00
1,490.00
12/8/2014
12/2014
J-3468021
:WriteOffChgAdj
0.00
1,490.00
12/8/2014
12/2014
J-3468022
:WriteOffChgAdj
0.00
1,490.00
0.00 :WriteOff Chg Adjustment - Receipt #22660701
12/25/2014
12/2014
J-3478962
JE ADJ
7,075.60
0.00
14,151.20
7,075.60
Net Change=7,075.60
Rent Concession
12/15/2014
12/2014
Hoff (t0789739)
R-22678156
MO17-098765358
500.00
0.00
6,250.00
12/22/2014
12/2014
Miller (t0793043)
R-22698185
MO17-099119729
500.00
0.00
6,750.00
1,000.00
0
0.00
140.00
Net Change=1,000.00
3514-000
12/1/2014
12/2014
Gresham (t0748904)
R-22648559
none
12/1/2014
12/2014
Gresham (t0748904)
R-22648559
none
0.00
85.00
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660689
:WriteOffChg
0.00
140.00
-6,301.53 :Prog Gen WriteOff for chg# 29696661
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660689
:WriteOffChg
140.00
0.00
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660690
:WriteOffChg
0.00
140.00
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660690
:WriteOffChg
140.00
0.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660692
:WriteOffChg
0.00
85.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660692
:WriteOffChg
85.00
0.00
12/9/2014
12/2014
Bigley (t0745064)
R-22672577
none
0.00
85.00
12/9/2014
12/2014
Bigley (t0745064)
R-22672577
none
0.00
45.00
12/25/2014
12/2014
J-3478962
JE ADJ
365.00
0.00
730
720
Net Change=10.00
Page 8 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
12/1/2014
12/2014
12/1/2014
12/2014
3516-000
Control
Reference
Debit
Credit
R-22591638
none
0.00
30.00
-11,245.41 :Prog Gen prepayment transfer
ROCHA (t0697213)
R-22591649
none
0.00
8.57
Balance Remarks
12/1/2014
12/2014
R-22591653
none
0.00
5.00
12/1/2014
12/2014
Folk (t0767428)
R-22591665
none
0.00
30.00
12/1/2014
12/2014
De Klerk (t0771509)
R-22591667
none
0.00
1.00
12/1/2014
12/2014
Oeuth (t0783831)
R-22591670
none
0.00
4.84
12/1/2014
12/2014
Jonas (t0725430)
R-22608264
4507
0.00
60.00
-11,354.82
12/1/2014
12/2014
COATS (t0697215)
R-22608287
261
0.00
30.00
-11,384.82
12/1/2014
12/2014
NICHOLS (t0697224)
R-22608346
MO205792587748
0.00
30.00
-11,414.82
12/1/2014
12/2014
Ginsberg (t0711007)
R-22625802
3W54F16DLA3
0.00
30.00
-11,444.82 Portal ACH payment -- Joel Ginsberg
12/2/2014
12/2014
Oeuth (t0783831)
R-22617467
253
0.00
25.16
-11,469.98
12/2/2014
12/2014
Roberson (t0704092)
R-22617502
6555
0.00
30.00
-11,499.98
12/2/2014
12/2014
R-22617506
348
0.00
30.00
-11,529.98
12/2/2014
12/2014
Crase (t0772062)
R-22617538
299
0.00
60.00
-11,589.98
12/2/2014
12/2014
Mentzer (t0697622)
R-22617564
286
0.00
30.00
-11,619.98
12/2/2014
12/2014
Sanchez (t0774109)
R-22617588
2000
0.00
60.00
-11,679.98
12/2/2014
12/2014
R-22617636
MO205852265817
0.00
25.00
-11,704.98
12/3/2014
12/2014
LASCONIA (t0697172)
R-22630367
711
0.00
30.00
-11,734.98
12/3/2014
12/2014
Klock (t0766240)
R-22630371
1528
0.00
60.00
-11,794.98
12/3/2014
12/2014
De Klerk (t0771509)
R-22630398
1742
0.00
59.00
-11,853.98
12/3/2014
12/2014
Cyphers (t0738024)
R-22630497
CC435624283
0.00
30.00
-11,883.98
12/3/2014
12/2014
Collantes (t0748265)
R-22630513
CC8661502292
0.00
30.00
-11,913.98
12/3/2014
12/2014
COLE (t0697170)
R-22630527
435625451
0.00
30.00
-11,943.98
12/3/2014
12/2014
BARNES (t0697187)
R-22630540
MO106410161583
0.00
30.00
-11,973.98
12/3/2014
12/2014
Lee (t0776767)
R-22631962
00FHF16DLA3
0.00
60.00
-12,033.98 Portal ACH payment -- Ernest Lee
12/3/2014
12/2014
Bailey (t0697218)
R-22633701
RSGFF16DLA3
0.00
30.00
-12,063.98 Portal credit card payment -- Joe Bailey
12/4/2014
12/2014
Miller (t0729109)
R-22644854
WRZNF16DLA3
0.00
60.00
-12,123.98 Portal credit card payment -- Tammy Miller
12/4/2014
12/2014
MOREL (t0697239)
R-22659607
YV0QF16DLA3
0.00
30.00
-12,153.98 Portal credit card payment -- JOHANNA MOREL
12/5/2014
12/2014
NEAL (t0697173)
R-22645612
781
0.00
30.00
-12,183.98
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660686
:WriteOffChg
0.00
30.00
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660686
:WriteOffChg
30.00
0.00
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660687
:WriteOffChg
0.00
30.00
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660687
:WriteOffChg
30.00
0.00
12/8/2014
12/2014
Gaxiola (t0722583)
R-22660906
0 batch receipt
0.00
30.00
-12,213.98 0 batch receipt
12/8/2014
12/2014
Gaxiola (t0722583)
R-22660906
0 batch receipt
60.00
0.00
12/12/2014
12/2014
ROCHA (t0697213)
R-22676107
MO21768621390
0.00
21.43
-12,175.41
12/12/2014
12/2014
Charles (t0769090)
R-22680582
ML7GG16DLA2
0.00
60.00
-12,235.41 Portal credit card payment -- Chelsea Charles
12/22/2014
12/2014
Miller (t0793043)
R-22698187
CC3059726
-12,260.57
12/25/2014
12/2014
J-3478962
JE ADJ
Net Change=-955.16
3520-000
0.00
25.16
90.00
0.00
210
1,165.16
Fees - Application
12/8/2014
12/2014
Chafey (t0792014)
R-22663482
CC95414671
0.00
89.00
-4,926.00
12/9/2014
12/2014
Petka (t0792651)
R-22667569
MO17-098291948
0.00
81.00
-5,007.00 Ruba Petka (r0322491)
12/9/2014
12/2014
Petka (t0792651)
R-22667571
MO17-098765359
0.00
8.00
12/12/2014
12/2014
Miller (t0793043)
R-22676112
17-099119728
0.00
89.00
-5,104.00
12/12/2014
12/2014
Smith (t0793036)
R-22676113
MO17-119363712
0.00
44.50
-5,148.50
-5,015.00 Ruba Petka (r0322491)
12/12/2014
12/2014
Smith (t0793036)
R-22676114
MO17-119363710
0.00
44.50
-5,193.00
12/12/2014
12/2014
Smith (t0793036)
R-22676117
MO17-119363711
0.00
44.50
-5,237.50
0
400.5
Net Change=-400.50
Fees - Late Payment
12/1/2014
12/2014
GROVES (t0697176)
R-22608353
MO17-098765296
0.00
50.00
-5,800.00
12/4/2014
12/2014
MOREL (t0697239)
R-22659607
YV0QF16DLA3
0.00
50.00
-5,850.00 Portal credit card payment -- JOHANNA MOREL
12/5/2014
12/2014
Ward (t0774081)
R-22650765
0 batch receipt
0.00
10.00
Page 9 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
Debit
Credit
12/5/2014
12/2014
TUCKER (t0697254)
R-22652268
CC59401360
0.00
50.00
Balance Remarks
12/8/2014
12/2014
Jones (t0773612)
R-22663485
2001
0.00
0.16
-5,910.16
12/8/2014
12/2014
R-22663486
3264
0.00
50.00
-5,960.16
12/9/2014
12/2014
Charles (t0769090)
R-22667573
CC0937900789
0.00
50.00
-6,010.16
-5,910.00
12/9/2014
12/2014
MCALONEY (t0697194)
R-22667574
CC8661502295
0.00
50.00
-6,060.16
12/11/2014
12/2014
HOLUB (t0697251)
R-22673480
CC33050838
0.00
50.00
-6,110.16
12/11/2014
12/2014
Estrada (t0697150)
R-22673481
MO103594297983
0.00
50.00
-6,160.16
12/12/2014
12/2014
ROCHA (t0697213)
R-22676107
MO21768621390
0.00
50.00
-6,210.16
12/20/2014
12/2014
Ntumba (t0697231)
R-22693981
MO17-098765427
0.00
50.00
-6,260.16
12/25/2014
12/2014
J-3478962
JE ADJ
0.00
39.84
0
550
Net Change=-550.00
3525-000
12/1/2014
12/2014
COLE (t0697170)
R-22591643
none
0.00
25.00
12/1/2014
12/2014
HOLUB (t0697251)
R-22591650
none
0.00
60.07
12/1/2014
12/2014
R-22591651
none
0.00
0.50
12/1/2014
12/2014
GRUENDER (t0697250)
R-22608229
261
0.00
100.00
-11,160.71
12/1/2014
12/2014
McCauley (t0718843)
R-22608238
2707
0.00
100.00
-11,260.71
12/1/2014
12/2014
COATS (t0697215)
R-22608287
261
0.00
100.00
-11,360.71
12/2/2014
12/2014
R-22617506
348
0.00
99.50
-11,460.21
12/2/2014
12/2014
R-22617618
CC89103328
0.00
100.00
-11,560.21
12/2/2014
12/2014
R-22624631
LDX4F16DLA3
0.00
100.00
-11,660.21 Portal credit card payment -- SAUL SERRANO-CORTES
12/3/2014
12/2014
Bracken (t0697232)
R-22630290
3361
0.00
100.00
-11,760.21
12/3/2014
12/2014
HECK (t0697240)
R-22630297
1872
0.00
100.00
-11,860.21
12/3/2014
12/2014
QUINTANILLA (t0697153)
R-22630336
1621
0.00
100.00
-11,960.21
12/3/2014
12/2014
COLE (t0697170)
R-22630527
435625451
0.00
75.00
12/3/2014
12/2014
DESPRES (t0697193)
R-22631964
C3KCF16DLA3
0.00
100.00
12/11/2014
12/2014
HOLUB (t0697251)
R-22673480
CC33050838
0.00
39.93
0
1,200.00
0
0
-25.00 = Ending Balance =
3526-000
Fees - NSF
Fees - Termination
Net Change=0.00
3546-000
-12,175.14
-25.00 = Beginning Balance =
Net Change=0.00
3528-000
-12,035.21
-12,135.21 Portal ACH payment -- DONNA DESPRES
0
0
Parking - Garage
12/1/2014
12/2014
CALHOUN (t0697157)
R-22591640
none
0.00
15.00
12/1/2014
12/2014
R-22591641
none
0.00
9.17
12/1/2014
12/2014
PALMER (t0697168)
R-22591642
none
0.00
0.80
12/1/2014
12/2014
MENDIOLA (t0697190)
R-22591645
none
0.00
25.00
12/1/2014
12/2014
HOWELL (t0697203)
R-22591648
none
0.00
9.67
12/1/2014
12/2014
R-22591652
none
0.00
35.00
12/1/2014
12/2014
Osorio (t0718433)
R-22591654
none
0.00
0.79
12/1/2014
12/2014
Ball (t0734442)
R-22591659
none
0.00
5.00
12/1/2014
12/2014
Cyphers (t0738024)
R-22591661
none
0.00
1.00
12/1/2014
12/2014
McGehee (t0738677)
R-22591662
none
0.00
10.00
12/1/2014
12/2014
McCauley (t0718843)
R-22608238
2707
0.00
35.00
-11,233.88
12/1/2014
12/2014
WILLIAMS (t0697263)
R-22608241
1103
0.00
35.00
-11,268.88
12/1/2014
12/2014
Jonas (t0725430)
R-22608264
4507
0.00
35.00
-11,303.88
12/1/2014
12/2014
R-22608270
3498
0.00
15.83
-11,319.71
12/1/2014
12/2014
R-22608273
326
0.00
25.00
-11,344.71
12/1/2014
12/2014
ERLIKH (t0697188)
R-22608274
1313
0.00
35.00
-11,379.71
12/1/2014
12/2014
KULCZAK (t0697196)
R-22608280
670
0.00
50.00
-11,429.71
12/1/2014
12/2014
Ball (t0734442)
R-22608289
2080
0.00
30.00
-11,459.71
12/2/2014
12/2014
Britton (t0735534)
R-22617473
297
0.00
35.00
-11,494.71
12/2/2014
12/2014
TING (t0697158)
R-22617528
1440
0.00
25.00
-11,519.71
Page 10 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/2/2014
12/2014
Crase (t0772062)
R-22617538
299
Debit
Credit
0.00
35.00
Balance Remarks
-11,554.71
12/2/2014
12/2014
MARTIN (t0697181)
R-22617540
6613
0.00
25.00
-11,579.71
12/2/2014
12/2014
HOWELL (t0697203)
R-22617577
1748
0.00
25.33
-11,605.04
12/2/2014
12/2014
AKIN (t0697230)
R-22617593
43575493
0.00
30.00
-11,635.04
12/2/2014
12/2014
Rainey (t0750170)
R-22617622
CC895012
0.00
35.00
-11,670.04
12/2/2014
12/2014
R-22624631
LDX4F16DLA3
0.00
35.00
12/2/2014
12/2014
R-22624631
LDX4F16DLA3
0.00
35.00
12/3/2014
12/2014
PALMER (t0697168)
R-22630352
267
0.00
34.20
-11,774.24
12/3/2014
12/2014
Osorio (t0718433)
R-22630413
176
0.00
34.21
-11,808.45
12/3/2014
12/2014
Osorio (t0718433)
R-22630413
176
0.00
35.00
-11,843.45
12/3/2014
12/2014
Cyphers (t0738024)
R-22630497
CC435624283
0.00
34.00
-11,877.45
12/3/2014
12/2014
McGehee (t0738677)
R-22630558
MO17-048931961
0.00
25.00
-11,902.45
12/3/2014
12/2014
DESPRES (t0697193)
R-22631964
C3KCF16DLA3
0.00
35.00
-11,937.45 Portal ACH payment -- DONNA DESPRES
12/4/2014
12/2014
Sosa (t0745225)
R-22637074
116
0.00
35.00
-11,972.45
12/4/2014
12/2014
CALHOUN (t0697157)
R-22637086
650
0.00
35.00
-12,007.45
12/4/2014
12/2014
Barrie (t0773053)
R-22637115
1162
0.00
35.00
-12,042.45
12/5/2014
12/2014
JOHANNSEN (t0697201)
R-22645493
988
0.00
35.00
-12,077.45
12/5/2014
12/2014
NEAL (t0697173)
R-22645612
781
0.00
25.00
-12,102.45
0
1,015.00
0
0
0.00
1,103.50
0
1,103.50
0.00
147.50
490.00
0.00
490
147.5
3550-000
Net Change=0.00
Income - Laundry
12/11/2014
12/2014
Wash Multifamily Laundry
R-22673465
5544477
Income - Other
12/2014
LEASING DESK AD FEE
J-3478965
ACH
12/25/2014
12/2014
12-2014 Month-End Reclasses
J-3490675
RCL 12-60
Net Change=342.50
Income - Storage
12/1/2014
12/2014
McCauley (t0718843)
-342.50 = Beginning Balance =
12/23/2014
3564-000
-13,074.96 Wash Multifamily Laundry 11/14
-490.00 LEASING DESK AD FEE
0.00 To 3639-000 Leasing renters
R-22608238
2707
0.00
15.00
-7,390.28
12/1/2014
12/2014
JILES (t0697151)
R-22608251
2143
0.00
30.00
-7,420.28
12/1/2014
12/2014
TOVEY (t0697152)
R-22608254
2376
0.00
15.00
-7,435.28
12/1/2014
12/2014
R-22608270
3498
0.00
10.00
-7,445.28
12/1/2014
12/2014
R-22608273
326
0.00
30.00
-7,475.28
12/1/2014
12/2014
KULCZAK (t0697196)
R-22608280
670
0.00
15.00
-7,490.28
12/1/2014
12/2014
GROVES (t0697176)
R-22608353
MO17-098765296
0.00
30.00
-7,520.28
12/2/2014
12/2014
Oeuth (t0783831)
R-22617467
253
0.00
15.00
-7,535.28
12/2/2014
12/2014
Britton (t0735534)
R-22617473
297
0.00
20.00
-7,555.28
12/2/2014
12/2014
GOGGIN (t0697227)
R-22617478
7017
0.00
15.00
-7,570.28
12/2/2014
12/2014
R-22617506
348
0.00
15.00
-7,585.28
12/2/2014
12/2014
TING (t0697158)
R-22617528
1440
0.00
10.00
-7,595.28
12/2/2014
12/2014
TING (t0697158)
R-22617528
1440
0.00
15.00
-7,610.28
12/2/2014
12/2014
Crase (t0772062)
R-22617538
299
0.00
15.00
-7,625.28
12/2/2014
12/2014
Crase (t0772062)
R-22617538
299
0.00
15.00
-7,640.28
12/2/2014
12/2014
Gaxiola (t0722583)
R-22617557
3327
0.00
15.00
-7,655.28
12/2/2014
12/2014
R-22624631
LDX4F16DLA3
0.00
25.00
12/3/2014
12/2014
HECK (t0697240)
R-22630297
1872
0.00
45.00
-7,725.28
12/3/2014
12/2014
Switzer (t0710284)
R-22630316
123
0.00
15.00
-7,740.28
12/3/2014
12/2014
ZAENGER (t0697164)
R-22630339
1109
0.00
15.00
-7,755.28
12/3/2014
12/2014
QUINTERO (t0697199)
R-22630393
163
0.00
15.00
-7,770.28
12/3/2014
12/2014
WELLS (t0697207)
R-22630407
1745
0.00
35.00
-7,805.28
12/3/2014
12/2014
WELLS (t0697207)
R-22630407
1745
0.00
15.00
-7,820.28
12/3/2014
12/2014
WELLS (t0697207)
R-22630407
1745
0.00
10.00
-7,830.28
Page 11 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
12/3/2014
12/2014
Osorio (t0718433)
R-22630413
176
Debit
Credit
0.00
15.00
Balance Remarks
-7,845.28
12/3/2014
12/2014
Cyphers (t0738024)
R-22630497
CC435624283
0.00
15.00
-7,860.28
12/3/2014
12/2014
Cyphers (t0738024)
R-22630497
CC435624283
0.00
15.00
-7,875.28
12/4/2014
12/2014
Lopez Jr (t0711317)
R-22637067
MO205824132536
0.00
15.00
-7,890.28
12/4/2014
12/2014
CALHOUN (t0697157)
R-22637086
650
0.00
30.00
-7,920.28
12/4/2014
12/2014
CASTILLO (t0697204)
R-22637131
1742
0.00
10.00
-7,930.28
12/4/2014
12/2014
Villegas (t0705135)
R-22637142
1001
0.00
10.00
-7,940.28
12/4/2014
12/2014
Villegas (t0705135)
R-22637142
1001
0.00
15.00
-7,955.28
12/4/2014
12/2014
Villegas (t0705135)
R-22637142
1001
0.00
5.00
12/4/2014
12/2014
Miller (t0729109)
R-22644854
WRZNF16DLA3
0.00
15.00
12/4/2014
12/2014
Miller (t0729109)
R-22644854
WRZNF16DLA3
0.00
15.00
-7,960.28
12/5/2014
12/2014
NEAL (t0697173)
R-22645612
781
0.00
10.00
-8,000.28
12/5/2014
12/2014
TUCKER (t0697254)
R-22652268
CC59401360
0.00
15.00
-8,015.28
12/8/2014
12/2014
Gaxiola (t0722583)
R-22660906
0 batch receipt
0.00
15.00
12/11/2014
12/2014
LASCONIA (t0697172)
R-22673475
714
0.00
15.00
-8,045.28
12/11/2014
12/2014
GROVES (t0697176)
R-22673478
MO17-098765380
0.00
30.00
-8,075.28
12/15/2014
12/2014
CASTILLO (t0697204)
R-22678160
MO17-098765395
0.00
5.00
-8,080.28
12/15/2014
12/2014
Villegas (t0705135)
R-22678162
MO17-098765394
0.00
10.00
-8,090.28
-8,103.34
12/20/2014
12/2014
HECK (t0697240)
R-22693980
1873
12/25/2014
12/2014
J-3478962
JE ADJ
Net Change=-673.06
3580-000
0.00
13.06
55.00
0.00
55
728.06
Bad Debt Recovery
0
0
0.00
49.00
0
49
Damages
12/2014
Gresham (t0748904)
R-22648559
none
Net Change=-49.00
3592-000
Net Change=0.00
12/1/2014
Billback - Sewer
12/1/2014
12/2014
Ball (t0734442)
R-22608289
2080
0.00
63.88
12/1/2014
12/2014
Gresham (t0748904)
R-22648559
none
0.00
235.61
-60,088.48
12/2/2014
12/2014
Mendiola (t0781746)
R-22617535
109
0.00
61.57
-60,385.66
12/5/2014
12/2014
NEAL (t0697173)
R-22645612
781
0.00
25.00
-60,410.66
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660688
:WriteOffChg
0.00
579.95
12/8/2014
12/2014
ECKBERG (t0697244)
R-22660688
:WriteOffChg
579.95
0.00
12/8/2014
12/2014
Andrade (t0726853)
R-22660691
:WriteOffChg
0.00
386.83
386.83
0.00
0.00
41.64
12/8/2014
12/2014
Andrade (t0726853)
R-22660691
:WriteOffChg
12/9/2014
12/2014
Bigley (t0745064)
R-22672577
none
12/18/2014
12/2014
Conservice Holding Accou
R-22688901
37552
0.00
4,947.93
12/25/2014
12/2014
J-3478962
JE ADJ
966.78
0.00
1,933.56
6,342.41
12/25/2014
12/2014
-65,400.23 Conservice Holding Account 11/2014
J-3490675
RCL 12-60
Net Change=-490.00
0.00
490.00
0
490
-490.00 Fr 3558-000 Leasing renters
-490.00 = Ending Balance =
12/2/2014
12/2014
K-2575439
1412056731
12/16/2014
12/2014
K-2583121
1412196731
Net Change=3,200.24
1,715.93
0.00
1,484.31
0.00
3,200.24
0
42,986.45 PPMS P/R PPE 11/20
44,470.76 PPMS P/R PPE 12/05
12/2/2014
12/2014
K-2575439
1412056731
672.00
0.00
8,935.50 PPMS P/R PPE 11/20
12/16/2014
12/2014
K-2583121
1412196731
742.00
0.00
9,677.50 PPMS P/R PPE 12/05
1,414.00
0
Net Change=1,414.00
Page 12 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
Debit
Credit
12/1/2014
12/2014
CISNEROS (t0697266)
R-22596925
none
12/25/2014
12/2014
12/14 RECLASSES
J-3478964
RCL ADJ
Net Change=0.00
1,805.00
0.00
0.00
1,805.00
1,805.00
1,805.00
12/2/2014
12/2014
Balance Remarks
1,805.00 :Prog Gen credit application
0.00 12/14 RENT ALLOWANCE
K-2575439
1412056731
Net Change=2,484.00
2,484.00
0.00
2,484.00
0
4,201.86 PPMS P/R PPE 11/20
12/2/2014
12/2014
K-2575439
1412056731
12/16/2014
12/2014
K-2583121
1412196731
Net Change=4,422.75
3,979.00
0.00
443.75
0.00
4,422.75
0
17,962.11 PPMS P/R PPE 11/20
18,405.86 PPMS P/R PPE 12/05
12/2/2014
12/2014
K-2575439
1412056731
0.00
59.94
-59.94 PPMS P/R-Benefit Deduct
12/16/2014
12/2014
K-2583121
1412196731
0.00
59.94
-119.88 PPMS P/R-Benefit Deduct
12/25/2014
12/2014
12/14 RECLASSES
J-3478964
RCL ADJ
119.88
0.00
0.00 12/14 BENEFITS DEDUC.
119.88
119.88
441.95
0.00
0.00
119.88
441.95
119.88
667.02
0.00
Net Change=0.00
12/24/2014
12/2014
12/14 Benefits
J-3478963
ACH
12/25/2014
12/2014
12/14 RECLASSES
J-3478964
RCL ADJ
Net Change=322.07
3,771.66 12/14 Benefits
3,651.78 12/14 BENEFITS DEDUC.
12/2/2014
12/2014
K-2575439
1412056731
12/16/2014
12/2014
K-2583121
1412196731
Net Change=863.34
196.32
0.00
863.34
0
1,409.01
0.00
414.75
0.00
1,823.76
0
6,420.79 PPMS P/R PPE 11/20
6,617.11 PPMS P/R PPE 12/05
12/2/2014
12/2014
K-2575439
1412056731
12/16/2014
12/2014
K-2583121
1412196731
Net Change=1,823.76
4027-500
11,373.92 PPMS P/R PPE 11/20
11,788.67 PPMS P/R PPE 12/05
Net Change=0.00
0
0
12/2/2014
12/2014
K-2575439
1412056731
2,573.13
0.00
46,582.27 PPMS P/R PPE 11/20
12/16/2014
12/2014
K-2583121
1412196731
2,585.49
0.00
49,167.76 PPMS P/R PPE 12/05
12/19/2014
12/2014
2014 Q3 Vacation Reimbursement
J-3483228
DEP 12-30
0.00
445.56
5,158.62
445.56
0
0
Net Change=4,713.06
4030-400
48,722.20 2014 Q3 Vacation Reimbursement
Net Change=0.00
R&M - Bonuses
12/2/2014
12/2014
K-2575439
1412056731
12/16/2014
12/2014
K-2583121
1412196731
Net Change=2,938.25
2,807.00
0.00
131.25
0.00
2,938.25
0
R&M - Taxes
9,857.49 PPMS P/R PPE 11/20
9,988.74 PPMS P/R PPE 12/05
12/2/2014
12/2014
K-2575439
1412056731
391.64
0.00
6,872.27 PPMS P/R PPE 11/20
12/16/2014
12/2014
K-2583121
1412196731
193.50
0.00
7,065.77 PPMS P/R PPE 12/05
585.14
0
Net Change=585.14
Page 13 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
Debit
Credit
Balance Remarks
12/2/2014
12/2014
K-2575439
1412056731
825.91
0.00
11,938.24 PPMS P/R PPE 11/20
12/16/2014
12/2014
K-2583121
1412196731
406.08
0.00
12,344.32 PPMS P/R PPE 12/05
1,231.99
0
Net Change=1,231.99
12/2/2014
12/2014
K-2575439
1412056731
0.00
157.68
10,932.11 PPMS P/R-Benefit Deduct
12/16/2014
12/2014
K-2583121
1412196731
0.00
59.94
10,872.17 PPMS P/R-Benefit Deduct
12/24/2014
12/2014
12/14 Benefits
J-3478963
ACH
Net Change=1,003.72
1,221.34
0.00
1,221.34
217.62
648.00
0.00
1,080.00
0.00
1,728.00
0
12/16/2014
12/2014
K-2581384
1669
12/25/2014
12/2014
J-3490675
RCL 12-60
Net Change=1,728.00
4143-000
7,700.25 11/24-11/26/14 Temp Maint Help
8,780.25 Fr 4511-000 Go staff temp
Net Change=0.00
4144-000
12,093.51 12/14 Benefits
0
0
Employee Screening
Net Change=0.00
0
0
Bank Charges
12/8/2014
12/2014
K-2577149
1660
54.05
0.00
3,211.98 01/01-01/31/15Res Portal,Payment
12/25/2014
12/2014
OneSite Fees
J-3474839
BNK 12-3
50.00
0.00
3,261.98 OneSite Fees
104.05
0
Net Change=104.05
Fees - Payroll
12/2/2014
12/2014
K-2575439
1412056731
421.82
0.00
12/16/2014
12/2014
K-2583121
1412196731
156.61
0.00
578.43
0
0
0
Net Change=578.43
4160-000
Dues & Subscription
Net Change=0.00
Permits & Licenses
12/16/2014
12/2014
City Of El Cajon - Finance (00128626)
K-2581379
1664
12/25/2014
12/2014
2015 Apartments Renewal Permit to prepaid
J-3491423
Net Change=0.00
2,401.00
0.00
0.00
2,401.00
2,401.00
2,401.00
12/2014
K-2577149
1660
12/16/2014
12/2014
K-2581386
1671
Net Change=478.04
26.74
0.00
451.30
0.00
478.04
0
Expense - Training
12/2014
J-3480459
ACH 12-10
129.80
0.00
129.8
0
4,656.27
0.00
4,656.27
0
Management Fee
12/2014
12/14 MGMT FEES
5,151.18 01/01-01/31/15 Leasing Portal
5,602.48 12/2014 Lease Leads, Maintenance
Net Change=129.80
12/25/2014
12/8/2014
12/12/2014
1,737.60 Training Fee
J-3478966
ACH
Net Change=4,656.27
Printed Forms
54,900.38 12/14 MGMT FEES
11/26/2014
12/2014
J-3463107
ACH 12-24
17.50
0.00
559.01 CA Billbacks-Copies
12/12/2014
12/2014
J-3480459
ACH 12-10
17.50
0.00
576.51 Northern CA Billbacks-Copies
12/12/2014
12/2014
J-3480459
ACH 12-10
5.88
0.00
582.39 Orl Billbacks-Copies
Page 14 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
Net Change=40.88
Debit
Credit
40.88
0
Office Supplies
12/8/2014
12/2014
K-2577150
1661
12/16/2014
12/2014
K-2581389
1674
Net Change=110.39
96.23
0.00
14.16
0.00
110.39
0
Overnight Mail
11/26/2014
12/2014
J-3463107
ACH 12-24
7.50
0.00
7.5
0
7.50
0.00
14.26
0.00
21.76
0
Postage
12/2014
J-3480459
ACH 12-10
12/12/2014
12/2014
J-3480459
ACH 12-10
Net Change=21.76
K-2581386
1671
0.00
129.8
0
0
0
290.22
0.00
290.22
0
150.00
0.00
150
0
Office Telephone
Cox Communications (00120429)
1666
12/2014
ACH 12-10
12/2014
Weblisters (00103075)
K-2581391
1676
49.95
0.00
49.95
0
Sign and Banners
0
0
Activities
12/2014
J-3490675
RCL 12-60
0.00
125.13 Fr 4334-000 YTD YTD
52.3
0
RCL 12-60
0.00
52.30
0.00 To 4332-000 YTD YTD
0
52.3
100.00
0.00
100
0
Shopping Reports
12/2014
ELLIS PARTNERS IN MYSTERY SHOPS (00103555)
K-2581383
1668
Net Change=100.00
Tenant Screening
12/8/2014
12/2014
135.00 11/14 Shop Rpt DH
K-2577149
1660
Net Change=110.60
4375-000
J-3490675
Net Change=-52.30
12/16/2014
599.40 12/2014 Online Program
52.30
Hospitality
12/2014
Net Change=52.30
12/25/2014
2,071.99 IT Support Fee
Net Change=0.00
12/25/2014
Net Change=49.95
4318-000
3,347.36 11/20-12/19/14 Phone and interne
J-3480459
Net Change=150.00
12/16/2014
1,613.60 Maintenance calls
K-2581381
Net Change=290.22
12/12/2014
314.02 Orl Billbacks-Postage
Net Change=0.00
12/2014
299.76 Northern CA Billbacks-Postage/UPS
129.80
Computer/Modem
12/16/2014
222.76 CA Billbacks-UPS
Net Change=129.80
4264-000
2,396.47 1pk cello bags
12/12/2014
12/2014
2,382.31 1-brothertoner,lysol disft,invst
Net Change=7.50
12/16/2014
Balance Remarks
110.60
0.00
110.6
0
Collateral Supplies
1,210.16 01/01-01-31/15 Screening
Net Change=0.00
0
Page 15 of 20
0
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
4391-000
Person/Description
Control
Reference
Debit
Credit
Uniforms
Balance Remarks
Net Change=0.00
0
0
12/25/2014
12/2014
J-3490675
RCL 12-60
12.81
0.00
395.28 Fr 4470-000 HD Universal
12/25/2014
12/2014
J-3490675
RCL 12-60
183.81
0.00
579.09 Fr 4470-100 YTD YTD
196.62
0
0
0
0
0
Net Change=196.62
4432-000
Appliance Supplies
Net Change=0.00
4434-000
Cleaning Supplies
Net Change=0.00
12/8/2014
12/2014
K-2577151
1662
Net Change=38.07
38.07
0.00
38.07
0
40.72
0.00
Electrical Supplies
12/8/2014
12/2014
405.76 #037 patio screen door
K-2577146
1657
1,860.99 pull chain socket,2-9v battery
12/8/2014
12/2014
K-2577146
1657
51.39
0.00
1,912.38 5-65w 4p base exterior lights
12/8/2014
12/2014
K-2577151
1662
16.33
0.00
1,928.71 3-43w tri ckl bulbs
12/16/2014
12/2014
K-2581385
1670
Net Change=181.24
4439-000
72.80
0.00
181.24
0
0
0
Net Change=0.00
HVAC Supplies
12/8/2014
12/2014
K-2577146
1657
Net Change=51.48
4446-000
51.48
0.00
51.48
0
0
0
Key & Lock Supplies
Paint Supplies
Net Change=0.00
4452-000
469.00 2-24 economy filters HVAC
Net Change=0.00
4448-000
2,001.51 13w,20w,32w light bulbs
0
0
Net Change=0.00
0
0
Plumbing Supplies
12/8/2014
12/2014
K-2577146
1657
25.87
0.00
2,295.51 #41 Chrm handheld shwr hd
12/16/2014
12/2014
K-2581385
1670
80.49
0.00
2,376.00 Fct Shwr,toilet lever,jnt compou
106.36
0
0
0
12.81
0.00
Net Change=106.36
4456-000
Net Change=0.00
Repair & Maintenance Services
12/16/2014
12/2014
K-2581385
1670
12/25/2014
12/2014
J-3490675
RCL 12-60
Net Change=0.00
0.00
12.81
12.81
12.81
Repair - Exterior
12/25/2014
12/2014
12.81 Universal adapter
0.00 To 4431-000 HD Universal
J-3490675
RCL 12-60
Net Change=-183.81
Page 16 of 20
0.00
183.81
0.00 To 4431-000 YTD YTD
0
183.81
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
12/8/2014
12/2014
12/8/2014
12/2014
4470-300
Control
Reference
Debit
Credit
K-2577139
1650
215.00
0.00
2,728.99 #025 Refinish kt cutting board a
K-2577139
1650
725.00
0.00
3,453.99 REfinish 2-vanity top, shwr stal
Repair - Interior
Balance Remarks
12/8/2014
12/2014
K-2577139
1650
115.00
0.00
3,568.99 #220 Refinish double kt sink
12/8/2014
12/2014
K-2577139
1650
365.00
0.00
3,933.99 #037 Refinish kt counter top,cut
12/8/2014
12/2014
K-2577139
1650
390.00
0.00
1,810.00
0
Net Change=1,810.00
12/8/2014
12/2014
K-2577142
1653
50.00
0.00
12/8/2014
12/2014
K-2577142
1653
65.00
0.00
115
0
Net Change=115.00
4478-000
4,323.99 #306 Ref Kt counter,cutting boar
Cleaning Services
2,324.00 #211 clean and sanitize carpet
2,389.00 #009 inst all new metal st rip,r
12/1/2014
12/2014
K-2574135
1649
125.00
0.00
5,290.00 10/13/14 Cleaning commons areas
12/1/2014
12/2014
K-2574135
1649
190.00
0.00
5,480.00 10/17/14 Cleaning common areas a
12/1/2014
12/2014
K-2574135
1649
190.00
0.00
5,670.00 10/20/14 cleaning common areas,h
12/8/2014
12/2014
K-2577141
1652
125.00
0.00
5,795.00 10/27/14 Cleaning Common Areas
12/8/2014
12/2014
K-2577141
1652
125.00
0.00
5,920.00 11/03/14 Cleaning Common Areas
12/8/2014
12/2014
K-2577141
1652
125.00
0.00
6,045.00 11/10/2014 Cleaning common areas
12/8/2014
12/2014
K-2577141
1652
125.00
0.00
6,170.00 11/17/2014 Cleaning common areas
1,005.00
0
Net Change=1,005.00
12/8/2014
12/2014
K-2577146
1657
47.17
0.00
864.33 #041 vertical vanes
12/8/2014
12/2014
K-2577146
1657
47.18
0.00
911.51 1-25 wht vertical vanes maint
12/8/2014
12/2014
K-2577146
1657
21.24
0.00
12/16/2014
12/2014
K-2581385
1670
86.57
0.00
202.16
0
Net Change=202.16
4484-000
Electrical Services
0
0
0
0
0
0
HVAC Services
Net Change=0.00
4490-000
Net Change=0.00
12/16/2014
12/2014
Dewey Pest Control - Corporate (main) (00100774)
K-2581382
1667
Net Change=214.00
214.00
0.00
214
0
79.00
0.00
79
0
Plumbing Services
12/8/2014
12/2014
KACK Plumbing, Inc. (00125090)
1659
12/8/2014
12/2014
K-2577144
1655
12/2014
J-3490675
RCL 12-60
Net Change=0.00
1,080.00
0.00
0.00
1,080.00
1,080.00
1,080.00
769.14
0.00
769.14
0
Elevator - Contract
Thyssen Krupp Eelevator (00105930)
2,080.17 #120 cleared kitchen sink clogge
12/25/2014
12/2014
2,706.00 11/2014 Pest Control Service
K-2577148
Net Change=79.00
12/16/2014
Net Change=0.00
4488-000
932.75 #41 Vertical headrail wht
1,019.32 25pk vertical blinds slats
1,080.00 11/10-11/14-14 Maint Temp Help
0.00 To 4037-500 Go staff temp
K-2581390
1675
Net Change=769.14
Page 17 of 20
2,563.80 10/01-12/31/2014 Maint Elev Serv
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
4513-000
Person/Description
Control
Reference
Debit
Credit
Elevator - Repair
Net Change=0.00
0
0
12/16/2014
12/2014
Colorscapes Landcare Service, Inc. (00124703)
K-2581380
1665
2,000.00
0.00
2,000.00
0
Landscape - Other
0
0
Pool - Supplies
0
0
0
0
Pool - Repair
Net Change=0.00
12/16/2014
12/2014
Wins Pools, Inc. (00125237)
K-2581392
1677
Net Change=750.00
750.00
0.00
750
0
425.00
0.00
425
0
12/16/2014
12/2014
North Coast Patrol (cs095274)
Net Change=0.00
4576-000
22,000.00 12/2014 Landscaping Maintenance
Net Change=0.00
4572-000
Net Change=2,000.00
4571-000
Balance Remarks
7,500.00 12/2014 Pool Maintenance Service
K-2581387
1672
Net Change=425.00
5,100.00 12/2014 Courtesy Patrol Services
12/8/2014
12/2014
K-2577142
1653
45.00
0.00
1,035.00 #220 clean carpet vac
12/8/2014
12/2014
K-2577142
1653
80.00
0.00
1,115.00 #037 carpet stretching, patch,cl
12/8/2014
12/2014
K-2577147
1658
40.00
0.00
165
0
1649
190.00
0.00
Net Change=165.00
4713-000
12/1/2014
12/2014
1,155.00 #306 Clean carpet Bed only vac
K-2574135
4,765.00 #002 apartment cleaning
12/8/2014
12/2014
K-2577141
1652
100.00
0.00
4,865.00 #37 lite cleaing vac apart
12/8/2014
12/2014
K-2577141
1652
85.00
0.00
4,950.00 #220 Lite Clean Vac Apart
12/8/2014
12/2014
K-2577141
1652
180.00
0.00
5,130.00 #025 apartment cleaning vac
12/8/2014
12/2014
K-2577141
1652
105.00
0.00
5,235.00 #306 apartment clean vac
660
0
Net Change=660.00
12/16/2014
12/2014
K-2581385
1670
12/25/2014
12/2014
J-3490675
RCL 12-60
Net Change=0.00
203.25
0.00
0.00
203.25
203.25
203.25
12/25/2014
12/2014
J-3490675
RCL 12-60
203.25
0.00
203.25
0
Turnover - Painting
12/2014
Clean Clean Shine (00121120)
K-2577143
1654
390.00
0.00
390
0
58.27
0.00
12/2014
963.58 To 4723-000 HD shower
670.46 Fr 4715-000 HD shower
Net Change=390.00
12/16/2014
1,166.83 #306 rplcmnt shwr diver,vertical
Net Change=203.25
12/8/2014
3,740.00 #025 complete paint w/cabinets
K-2581388
1673
2,391.36 #101 5gls Fl Extra Off Wht,2,6oz
12/16/2014
12/2014
K-2581388
1673
74.12
0.00
2,465.48 #40 5gls Fl Extra Off Wht,2brush
12/16/2014
12/2014
K-2581388
1673
142.68
0.00
2,608.16 #306 5gl Ft Extra Off Wht,5gls S
275.07
0
Net Change=275.07
Page 18 of 20
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
4802-000
Person/Description
Control
Reference
Debit
Credit
Balance Remarks
12/29/2014
12/2014
K-2588268
2014122992
84.06
0.00
44,203.07 11/14/14-12/16/14 EL
12/29/2014
12/2014
K-2588268
2014122992
54.94
0.00
44,258.01 11/14/14-12/16/14 ES
12/29/2014
12/2014
K-2588268
2014122992
41.82
0.00
44,299.83 11/14/14-12/16/14 VE
12/29/2014
12/2014
K-2588268
2014122992
1,001.95
0.00
45,301.78 11/14/14-12/16/14 EL
12/29/2014
12/2014
K-2588268
2014122992
317.82
0.00
45,619.60 11/14/14-12/16/14 ES
12/29/2014
12/2014
K-2588268
2014122992
18.93
0.00
45,638.53 11/14/14-12/16/14 EL
12/29/2014
12/2014
K-2588268
2014122992
17.76
0.00
45,656.29 11/14/14-12/16/14 ES
12/29/2014
12/2014
K-2588268
2014122992
1,788.26
0.00
47,444.55 11/14/14-12/16/14 EL
12/29/2014
12/2014
K-2588268
2014122992
547.23
0.00
47,991.78 11/14/14-12/16/14 ES
12/29/2014
12/2014
K-2588268
2014122992
62.73
0.00
48,054.51 11/14/14-12/16/14 EL
12/29/2014
12/2014
K-2588268
2014122992
42.88
0.00
3,978.38
0
Net Change=3,978.38
48,097.39 11/14/14-12/16/14 ES
12/22/2014
12/2014
K-2588269
2014122991
13.09
0.00
699.63 11/24/14-12/05/14 VE
12/29/2014
12/2014
K-2588268
2014122992
7.31
0.00
706.94 12/09/14-12/16/14 VE
12/29/2014
12/2014
K-2588268
2014122992
10.79
0.00
717.73 12/02/14-12/16/14 VE
12/29/2014
12/2014
K-2588268
2014122992
11.07
0.00
42.26
0
Net Change=42.26
4812-000
Gas - Common Area
728.80 11/14/14-12/16/14 VE
12/29/2014
12/2014
K-2588268
2014122992
1,750.81
0.00
29,664.86 11/14/14-12/16/14 GA
12/29/2014
12/2014
K-2588268
2014122992
796.73
0.00
30,461.59 11/14/14-12/16/14 GS
12/29/2014
12/2014
K-2588268
2014122992
579.52
0.00
31,041.11 11/14/14-12/16/14 GA
12/29/2014
12/2014
K-2588268
2014122992
314.53
0.00
31,355.64 11/14/14-12/16/14 GS
12/29/2014
12/2014
K-2588268
2014122992
12.89
0.00
31,368.53 11/14/14-12/16/14 VG
12/29/2014
12/2014
K-2588268
2014122992
230.47
0.00
31,599.00 11/14/14-12/16/14 GA
12/29/2014
12/2014
K-2588268
2014122992
125.08
0.00
31,724.08 11/14/14-12/16/14 GS
3,810.03
0
Net Change=3,810.03
Gas - Vacant
12/22/2014
12/2014
K-2588269
2014122991
8.85
0.00
652.80 11/24/14-12/05/14 VG
12/29/2014
12/2014
K-2588268
2014122992
6.32
0.00
659.12 12/09/14-12/16/14 VG
12/29/2014
12/2014
K-2588268
2014122992
12.92
0.00
672.04 12/02/14-12/16/14 VG
12/29/2014
12/2014
K-2588268
2014122992
11.60
0.00
683.64 11/14/14-12/16/14 VG
39.69
0
Net Change=39.69
Waste Removal
12/2/2014
12/2014
K-2575599
2014120391
12/25/2014
12/2014
Waste Mgmt 01/01/15-01/31/15 TR to prepaid
J-3491197
12/29/2014
12/2014
K-2588267
2014122990
Net Change=2,566.82
4852-000
2,566.82
0.00
0.00
2,566.82
2,566.82
0.00
5,133.64
2,566.82
Water - Common Area
29,457.74 12/01/14-12/31/14 TR
26,890.92 Waste Mgmt 01/01/15-01/31/15 TR
29,457.74 01/01/15-01/31/15 TR
12/2/2014
12/2014
K-2575598
2014120390
900.35
0.00
50,172.50 05/12/14-07/10/14 SE
12/16/2014
12/2014
K-2582687
2014121790
1,059.90
0.00
51,232.40 07/10/14-09/11/14 SE
12/16/2014
12/2014
K-2582687
2014121790
2,490.25
0.00
53,722.65 07/10/14-09/11/14 SE
12/16/2014
12/2014
K-2582687
2014121790
1,533.25
0.00
55,255.90 07/10/14-09/11/14 SE
12/16/2014
12/2014
K-2582687
2014121790
1,597.80
0.00
7,581.55
0
Net Change=7,581.55
5004-000
Insurance - Expense
Net Change=0.00
0
0
Property Taxes
12/25/2014
12/2014
2014 Real Estate Tax Payment 2nd Installment
56,853.70 07/10/14-09/11/14 SE
J-3491180
JE 12-20
Page 19 of 20
99,188.52
0.00
199,932.66 2014 RE Tax Pymt 2nd Inst
1/14/2015 4:32 PM
General Ledger
Period = Dec 2014
Property
Property Name
Date
Period
Person/Description
Control
Reference
5018-000
Debit
Credit
99,188.52
0
Net Change=0.00
0
0
12/8/2014
12/2014
J-3474838
WIR 12-2
29,748.35
0.00
29,748.35
0
0
0
12/2014
BAS Appliance Gallery, LLC (cs083931)
K-2577140
1651
Net Change=407.66
8062-000
Net Change=0.00
12/8/2014
7101-000
Balance Remarks
407.66
0.00
407.66
0
4,261.11 #306 Range FS gas HO gas 30w
Net Change=0.00
0
0
12/8/2014
12/2014
K-2577147
1658
998.73
0.00
20,259.30 #25 replace carpet and pad
12/8/2014
12/2014
K-2577147
1658
470.44
0.00
20,729.74 #306 replace carpet/pad lvrm
1,469.17
0
Net Change=1,469.17
8325-000
Net Change=0.00
8480-000
0
0
0
0
728.66
0.00
728.66
0
513,563.58
513,563.58
Net Change=0.00
Cptl - Vinyl
12/8/2014
12/2014
K-2577147
1658
Net Change=728.66
Page 20 of 20
3,793.86 #25 replace vinyl all
STANDARD WEEKLY
LEASING REPORTS
6
Weekly Report
For Crown Laguna (SAMPLE)
As Of 02/02/2015
OCCUPANCY SUMMARY
Apt
Type
Apt
Size
# of
Apts
Market
Rent
Apts
Occup
Apts
Vacant
Vacants
Leased
1bd 1.5bath Den
1,010
42
1,342
41
1
1
0
1,040
6
1,385
6
0
0
0
750
24
1,166
24
0
0
2bd 2bath Balcony
1,040
8
1,453
8
0
1,300
1
1,875
1
1,040
4
1,550
2bd 2bath Yard
1,040
12
1,557
3bd 2bath Cottage
1,300
21
1,019
118
1bd 1bath
Totals/Avg.
Notices Notices
to Vacate Leased
Net to
Rent
Ready
to Rent
%
Occup
%
Vacant
% Net
to Rent
0
0
0
0
1
97.6%
2.4%
0%
0
100.0%
0.0%
1
0
0%
1
0
100.0%
0.0%
0
0
4%
0
0
0
100.0%
0.0%
0
0
0%
0
0
0
0
100.0%
0.0%
4
0
0%
0
0
0
0
0
100.0%
0.0%
12
0%
0
0
2
0
2
0
100.0%
0.0%
17%
1,875
1,444
21
0
0
0
0
0
0
100.0%
0.0%
0%
117
1
1
3
0
3
1
99.2%
0.8%
3%
OCCUPANCY TREND
Current
Week
30 Day
60 Day
90 Day
Week Beginning
1/27
2/3
2/10
2/17
2/24
3/3
3/10
3/17
3/24
3/31
4/7
4/14
4/21
Week Ending
2/2
2/9
2/16
2/23
3/2
3/9
3/16
3/23
3/30
4/6
4/13
4/20
4/27
1
0
1
0
0
-1
0
0
0
-2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Scheduled M/I
Scheduled M/O
Ending Occ. Units
117
118
117
117
115
115
115
115
115
115
115
115
115
Occupancy Trend
99.2%
100.0%
99.2%
99.2%
97.5%
97.5%
97.5%
97.5%
97.5%
97.5%
97.5%
97.5%
97.5%
Note: Pending applicants are included in scheduled move ins.
NON REVENUE UNITS
WORK ORDER STATISTICS
Total of Admin Units
0
New
Total of Down Units
Total of Models
0
0
10
Pending
Completed
%
6
38%
6
COLLECTIONS SUMMARY
Potential
Actual
Rent
%
Rent
Rent Billed Collected Collected
163,715
Total Owed
130,339
158,957
38,965
25
Total
Collected
Security
Deposits
Total Rev
Collected
Budgeted
Collection
Vacant
Apts
Vacant
Dollars
%
Vacant $
Delinq
Dollars
Delinq
Count
%
Delinq
42,250
3,100
39,150
166,702
1
4,758
3
130,339
92
79.6
RESIDENT DELINQUENCY
0-30
31-60
61-90
125,609
3,375
1,355
Print Date: 02/02/2015
91 +
0
Professionally Managed by Pinnacle
Page 1 of 2
Weekly Report
For Ivanhoe Village Apartments
As Of 02/02/2015
RESIDENT ACTIVITY
Move In
Date
Move Ins
Unit
Resident
2bd 2bath Yard
031
Charles Carter - t0798071
Lease End
Agent
Date
1/31/15
1/30/16
Market
Rent
Charge
Effective
Rent
1,555
1,555
1,555
Market
Rent
Charge
Effective
Rent
1,555
1,555
1,555
Source of Traffic
Business Manager
WEB: CraigsList.org
1 Move In This Week
Lease Sign Lease End
Agent
Date
Date
New Leases
Unit
Resident
2bd 2bath Yard
031
Charles Carter - t0798071
Source of Traffic
1/31/15
1/30/16
Business Manager
WEB: CraigsList.org
Renewal
Date
Lease End
Date
Market
Rent
Charge
Effective
Rent
1 New Lease This Week
Renewals
Unit
Resident
1bd 1.5bath Den
312
Ethne McGehee - t0738677
1/27/15
7/31/15
1,355
1,299
1,324
1bd 1bath
118
RICHARD PIERTERSEN t0697166
1/28/15
7/31/15
1,175
1,100
1,125
2 Renewals This Week
NOTICES TO VACATE
TRAFFIC SOURCES
This Week
Sources
OTH: Drive By
WEB: CraigsList.org
Totals
Phone Email Visit
0
0
0
0
0
1
0
1
0
Shown
Applied
0
0
0
Notices Received This Week
YTD
Shown Applied
0
1
1
0
0
0
1
5
6
Resident
Unit
Reason for Move Out
Move Date
ASHLEY MENDIOLA
219
Employment transfer
02/28/2015
Beatriz Sosa
042
Need more space
02/28/2015
Resident
Unit
Reason for Move Out
Move Date
Sandra McCauley
043
Noisey
02/15/2015
2
Notice Residents
1
Total Residents On Notice During Week
3
LEASING STATISTICS
Conversions Ratios
Agent
Phone
Email
Visit
Shown
Applied
Canceled
Rejected
Business Manager
0
0
1
0
1
0
0
Leasing Consultant
0
0
0
0
0
0
0
0
1
0
1
0
Totals
Print Date: 02/02/2015
Professionally Managed by Pinnacle
Leased
This Week
YTD
1
0%
0%
0
0
0%
0%
0
1
0%
0%
Page 2 of 2
SAMPLE MARKET
REPORTS
7
Portal
Building Insights
25891 Crown Valley Pkwy, Laguna Niguel, CA 92677 Apartment
Prepared February 02, 2015
CoStar Market Analytics
33 Arch Street, 33rd Floor
Boston, MA, 02110
2014 CoStar Realty Information, Inc. All Rights Reserved.
(617) 443-3100
www.CoStarMarketAnalytics.com
Table of Contents
Overview
Summary Data
Market Summary
Economic Trends
Vacancy Overview
Economy / Demographics
Demographics Data
Economic Trends
Year-over-Year Job Growth
Net Migration (000)
Market Fundamentals
Vacancy Overview
Annual Supply, Demand, and Vacancy
Demand Trends
Home Price Index (Base Year 1993)
Submarket Fundamentals
Submarket Data
Completions Over Next Two Years
Construction
Supply Trends
Multifamily Permits
Nearby Construction
Sales
Metro Investment Trends
Recent Quarterly Volume and Price
Historical Annual Volume and Price
Volume Bought and Sold by Type Past 12 Months
Submarket Volume and Price Past 36 Months
Nearby Sales Transactions
Rents
Rent Summary: Metro Averages
Property Statistics Summary
Property Summary
Comparable Building History
Comparable Unit Type History
Metro Rent Vs. PPR54 Average Rent Growth
Metro Rent Trends
Rent Growth in Submarket vs. Metro
Performance
Performance Trends
Metro Vs. PPR54 Derived Transaction Returns
1
1
1
1
1
2
2
2
3
3
4
4
4
5
5
6
6
6
7
8
8
8
9
10
10
10
11
11
12
13
14
14
15
16
19
19
19
19
20
21
21
22
Overview
Summary Data
Asking Rent
Vacancy
Inventory
Completions
Net Absorption
Median Sales Price/Unit
Median Cap Rate
Sales Volume (000s)
PPR 54
$1,359.96
4.1%
11,701,277
41,534(0.4%)
57,554(0.5%)
$112,500
6.0%
$97,593,376
Market
$1,646.57
2.9%
215,834
1,166(0.5%)
1,930(0.9%)
$179,289
5.0%
$1,752,601
South County
$1,729.93
3.9%
24,555
0(0.0%)
-48(-0.2%)
$275,000
4.1%
$312,974
Market Summary
Updated: 06-Nov-2014
Orange County has come to the end of its bull run in the apartment market. While the economy continues to add jobs and residents
at a healthy clip, fundamentals are being weakened from the supply side as developers begin to overplay their hand. The imbalance
is becoming especially acute at the upper end of the quality spectrum and near the airport, where the bulk of the cycle’s projects will
be delivered. While vacancies are expected to unwind, they should maintain a steady upward movement into the high 3% range.
Economic Trends
Updated: 19-Dec-2014
Orange County’s economic recovery continues to move forward. The metro has now added 125,000 jobs, and its unemployment rate
has come down significantly since the trough of the last cycle. So far, no one industry appears to be behind the recovery; rather,
small contributions are being made by many sectors of the economy. This is a widespread recovery, and one with legs.
A rash of recent layoffs could stunt job growth in the near term. These include announcements from Powerwave Technologies (182
job cuts) and Fisker Automotive (160), while Conexant Systems has filed for bankruptcy. More recently, Allergan announced layoffs
of 1,500 in Southern California, the majority (650) performing R&D functions in Irvine. These are the natural growing pains of an
entrepreneurial economy, a fact of life in Orange County. They are offset by hiring from other local companies in the life sciences,
banking, and technology sectors, among others. On the bright side the ever-fickle mortgage and lending sector is seeing some light,
as Stonegate Mortgage of Indianapolis is scheduled to make 175 new hires in the county after acquiring Crossline Capital Inc. last
year.
The professional and business services sector will lead the metro over the forecast. High-value office work is what this metro does
best. While it is not yet clear what segment of the industry will drive the economy over the next cycle, the metro’s heavy
concentration of highly educated workers will undoubtedly carry the industry to the forefront of the next big thing, just like it has
done in past cycles.
Vacancy Overview
Supply is back and will weigh on fundamentals. With the recovery now relegated to the history books, the market is entering into a
new cycle of rising vacancies. This one is being driven not by flagging demand but by excessive supply. Keep in mind, though, that
vacancies will rise but in a tempered fashion as demand works to keep things amicable. While the bulk of rent growth has passed,
the metro will still see positive growth, and most assets should continue to post positive growth over the forecast period, albeit at a
slower pace. The exceptions will be areas near the airport, where demand may fall significantly behind supply. In these places, rents
are likely to stagnate or even roll backwards for the next few years.
Sources: CoStar Market Analytics;
Page 1 of 22
Economy / Demographics
Demographics Data
Updated: 24-Jun-2013
Radius (mi)
Population
Population Density
Median Housing Value
Average Household Income
Median Household Income
Educational Attainment (4 Year
College+)
Average Age
Households
Buying Power
3
148,008
5,053.21
$484,294
$116,488
$98,283
30 %
5
313,358
2,564.94
$486,565
$116,882
$97,298
30 %
10
648,827
1,938.88
$516,024
$120,284
$101,433
32 %
20
1,894,901
2,519.68
$459,704
$103,810
$86,515
24 %
Metro
3,060,181
3,825.23
$435,299
$96,031
$79,491
22 %
38
53,833
$6,270.9
40
115,696
$13,522.8
39
243,075
$29,238.0
37
639,600
$66,396.8
37
1,008,525
$96,849.8
Economic Trends
Orange County’s economic recovery continues to move forward. The metro has now added 125,000 jobs, and its unemployment rate
has come down significantly since the trough of the last cycle. So far, no one industry appears to be behind the recovery; rather,
small contributions are being made by many sectors of the economy. This is a widespread recovery, and one with legs.
A rash of recent layoffs could stunt job growth in the near term. These include announcements from Powerwave Technologies (182
job cuts) and Fisker Automotive (160), while Conexant Systems has filed for bankruptcy. More recently, Allergan announced layoffs
of 1,500 in Southern California, the majority (650) performing R&D functions in Irvine. These are the natural growing pains of an
entrepreneurial economy, a fact of life in Orange County. They are offset by hiring from other local companies in the life sciences,
banking, and technology sectors, among others. On the bright side the ever-fickle mortgage and lending sector is seeing some light,
as Stonegate Mortgage of Indianapolis is scheduled to make 175 new hires in the county after acquiring Crossline Capital Inc. last
year.
The professional and business services sector will lead the metro over the forecast. High-value office work is what this metro does
best. While it is not yet clear what segment of the industry will drive the economy over the next cycle, the metro’s heavy
concentration of highly educated workers will undoubtedly carry the industry to the forefront of the next big thing, just like it has
done in past cycles.
Page 2 of 22
Year-over-Year Job Growth
Net Migration (000)
Sources: CoStar Market Analytics; Moody's Analytics
Page 3 of 22
Market Fundamentals
Vacancy Overview
Supply is back and will weigh on fundamentals. With the recovery now relegated to the history books, the market is entering into a
new cycle of rising vacancies. This one is being driven not by flagging demand but by excessive supply. Keep in mind, though, that
vacancies will rise but in a tempered fashion as demand works to keep things amicable. While the bulk of rent growth has passed,
the metro will still see positive growth, and most assets should continue to post positive growth over the forecast period, albeit at a
slower pace. The exceptions will be areas near the airport, where demand may fall significantly behind supply. In these places, rents
are likely to stagnate or even roll backwards for the next few years.
Page 4 of 22
Demand Trends
Forecast demand will be bolstered by a nice combination of economic growth and demographics. The concentration of jobs in
technology, R&D, and other knowledge-intensive sectors helps the metro economically outperform its Southern California neighbors,
and is a key driver for apartment demand. Furthermore, over the next five years, Orange County is expected to add about 32,000
residents in the key apartment-renting demographic as a surge of Echo Boomers graduate from college and seek housing. The
combination of these two factors underlies the solid demand story for this metro.
Where the jobs are. Demand continues to disproportionately flow to the Irvine area, the economic heart of the metro. Over the past
year it has absorbed over 2,000 units, 75% of the metrowide total. This submarket contains some of the priciest units in the metro,
but it is also the most proximate to the highest-paying job centers. The upshot is that Orange County will have to keep its foot on
the job-growth accelerator if it is going to be able to match the delivery schedule for this part of the metro. And not just any jobs,
but high-paying jobs. Developers are ostensibly latching on to the correct engine of demand by locating here, but should the
economy cool off a bit, they face a real risk of overbuilding.
Home Price Index (Base Year 1993)
Sources: CoStar Market Analytics; Moody's Analytics
Page 5 of 22
Submarket Fundamentals
Submarket Data
Updated: 01-Aug-2014
Page 6 of 22
Completions Over Next Two Years
Sources: CoStar Market Analytics
Page 7 of 22
Construction
Supply Trends
Enthusiasm for development is red-hot, and developers are following demand right to Irvine. The Irvine Company is coming on
strong with over 1,800 units in three of its biggest projects. While it is not the only player in town, it’s a major driver of new supply.
Areas close to the airport are getting most of the attention, and over half of the new projects, and the majority of units are being
delivered by the Irvine Co. Supply has also found its way to coastal areas like Huntington Beach, and while the wave is not as large
as in Irvine, the submarket is significantly smaller, so the effect on fundamentals is expected to be stronger.
Multifamily Permits
Page 8 of 22
Nearby Construction
Updated: 28-Jan-2015
Project
Modera Crown Valley
25891 Crown Valley Pkwy, Laguna Niguel, CA 92677
Career Lofts
28150 Cabot Rd, Laguna Niguel, CA 92677
Adagio on the Green
Mission Viejo, CA 92675
Los Alisos at Mission Viejo
28601 Los Alisos Blvd, Mission Viejo, CA 92692
Los Olivos Apartment Village
Irvine, CA 92618
Avalon Baker Ranch
Avella
6500 Roosevelt, Irvine, CA 92618
Cypress Village
Irvine, CA 92618
Cadenza
Irvine, CA 92620
Veneto at Cypress Village
Irvine, CA 92620
Construction Cost
Units
$0
284
Date Last
Updated
05-Dec-14
Phase
Distance (mi)
$0
142
06-Nov-14
Underway
0.25
$0
256
08-Jan-15
Underway
1.77
$0
320
06-Nov-14
Completed
7.36
$0
1,750
15-Jan-15
Completed
7.36
$0
93
15-Jan-15
Completed
8.30
$0
485
06-Nov-14
Underway
9.59
$0
435
08-Jan-15
Completed
10.19
$0
262
06-Nov-14
Completed
10.31
$0
352
15-Jan-15
Completed
10.35
Underway
0.01
Sources: CoStar Market Analytics;
Page 9 of 22
Sales
Metro Investment Trends
The OC is reaching new peaks. The majority of assets changing hands in the OC are 3 Star: More 2 and 3 Star communities are
selling now than in the past few years. Within the metro both pricing and transaction volumes are reaching new highs, which shows
through in repeat sales. When aggregated into an index, these surpassed prior peaks in 2013 and have continued to rocket upwards.
Even more telling than price is the behavior of cap rates. Aggregate cap rates dropped below 5.5%, making Orange County one of
the priciest markets in the nation. This is a clear indication that investors still want to buy here—if they can find someone willing to
sell. As an aside, in early 2014 Essex Property Trust acquired BRE Properties. The trade included a number of Orange County
properties, but given the scope and magnitude of the acquisition, these figures may not be the best representation of the market.
A run on older assets hints at investors’ concerns with oversupply at the high end of the market. The supply spigot is wide open in
Orange County, and thousands of new units are on their way. It is probably no coincidence that investors are shying away from
existing 4 & 5 Star communities, especially those with amenities inferior to the new stuff. In 2013, total investment volume for 100plus unit properties constructed prior to 1990 was $560 million, compared to just $44 million for properties built after 1990. One
interpretation is that buyers prefer to play in the older, more established parts of the metro, where the tenant base includes many
renters by necessity who aren’t likely to decamp to the newest and greatest product. Those communities, built to the luxury
standards of the 1990s and 2000s, aren’t finding many takers today.
Recent Quarterly Volume and Price
Page 10 of 22
Historical Annual Volume and Price
Volume Bought and Sold by Type Past 12 Months
Page 11 of 22
Submarket Volume and Price Past 36 Months
Page 12 of 22
Nearby Sales Transactions
Name
Price ($)
The Palms at Laguna Niguel
28188 MOULTON PKWY, LAGUNA
NIGUEL, CA 92677
Sofi Laguna Hills
24555 LOS ALISOS BLVD, LAGUNA
HILLS, CA 92653
24311 Santa Clara Ave
24311 Santa Clara Ave, Dana Point, CA
92629
Cortesia at Rancho Santa Margarita
29752 MELINDA RD, RANCHO SANTA
MARGARITA, CA 92688
Pinnacle at Talega
120 CALLE AMISTAD, SAN CLEMENTE,
CA 92673
Fairway Villas
Santa Ana, CA 92660
East Bay Villas Apartments
721 Amigos Way, Newport Beach, CA
92660
Astoria at Central Park West
401 Rockefeller, Irvine, CA 92612
The Santa Barbara Apartments
20102 SW BIRCH ST, NEWPORT BEACH,
CA 92660
Windsor Garden Apartments
1651 Mitchell Ave, Tustin, CA 92780
114,105,0
00
Cap
Rate
3.9%
88,000,00
0
Units
Price/un
Price
it
Qualifier
460 248,054 allocated
Status Distance
Date
(mi)
01-Apr- 1.16
14
360
244,444 confirmed
26-Mar- 3.60
14
5,800,000
3.3%
18
322,222 confirmed
22-Nov- 6.62
13
87,462,30
4
3.9%
308
283,969 allocated
01-Apr- 7.60
14
75,695,00
0
3.9%
362
209,102 allocated
01-Apr- 9.08
14
10,800,00
0
5,350,000
4.9%
32
337,500 confirmed
3.7%
16
334,375 confirmed
19-Aug- 12.52
14
15-Feb- 12.55
13
240
600,000 confirmed
4.2%
52
261,538 confirmed
4.6%
70
213,714 confirmed
144,000,0
00
13,600,00
0
14,960,00
0
09-Oct- 12.79
13
20-Feb- 13.34
14
19-Sep- 14.27
13
Page 13 of 22
Rents
Rent Summary: Metro Averages
All
MidRise
Garden
Rent/SqFt
Vacancy
# Bldgs
Rent/SqFt
Vacancy
# Bldgs
Rent/SqFt
Vacancy
# Bldgs
12Q2
$1.77
12Q3
$1.80
12Q4
$1.82
13Q1
$1.83
13Q2
$1.85
13Q3
$1.87
13Q4
$1.88
14Q1
$1.87
14Q2
$1.90
14Q3
$1.95
14Q4
$1.96
QTD
$2.02
4.6%
4.1%
3.8%
3.5%
3.3%
3.2%
3.4%
3.4%
3.1%
3.0%
3.4%
2.9%
753
753
753
755
755
755
755
762
762
762
762
299
$2.00
$2.06
$2.12
$2.11
$2.16
$2.15
$2.18
$2.11
$2.13
$2.22
$2.20
$2.14
4.2%
3.6%
3.6%
3.3%
4.4%
5.3%
5.3%
5.8%
4.8%
6.8%
7.3%
4.5%
37
37
37
39
39
39
39
44
44
44
44
29
$1.74
$1.76
$1.77
$1.78
$1.80
$1.84
$1.84
$1.84
$1.87
$1.91
$1.92
$2.00
4.7%
4.2%
3.8%
3.5%
3.1%
3.0%
3.2%
3.1%
2.9%
2.6%
2.9%
2.7%
714
714
714
714
714
714
714
716
716
716
716
268
Page 14 of 22
Property Statistics Summary
Class
Quarter
A
A
A
A
A
A
A
A
A
A
A
B
B
B
B
B
B
B
B
B
B
B
C
C
C
C
C
C
C
C
C
C
C
All
All
All
All
All
All
All
All
All
All
All
2014Q4
2014Q3
2014Q2
2014Q1
2013Q4
2013Q3
2013Q2
2013Q1
2012Q4
2012Q3
2012Q2
2014Q4
2014Q3
2014Q2
2014Q1
2013Q4
2013Q3
2013Q2
2013Q1
2012Q4
2012Q3
2012Q2
2014Q4
2014Q3
2014Q2
2014Q1
2013Q4
2013Q3
2013Q2
2013Q1
2012Q4
2012Q3
2012Q2
2014Q4
2014Q3
2014Q2
2014Q1
2013Q4
2013Q3
2013Q2
2013Q1
2012Q4
2012Q3
2012Q2
Properties
105
105
105
105
98
98
98
98
97
97
97
372
372
372
372
372
372
372
372
371
371
371
283
283
283
283
283
283
283
283
283
283
283
760
760
760
760
753
753
753
753
751
751
751
Units
41,362
41,362
41,362
41,362
39,125
39,125
39,125
39,125
38,658
38,658
38,658
83,032
83,032
83,032
83,032
83,032
83,032
83,032
83,032
82,876
82,876
82,876
29,752
29,752
29,752
29,752
29,752
29,752
29,752
29,752
29,752
29,752
29,752
154,146
154,146
154,146
154,146
151,909
151,909
151,909
151,909
151,286
151,286
151,286
Asking
Rent/Unit
$2,129
$2,132
$2,068
$2,026
$2,081
$2,069
$2,050
$2,033
$2,028
$1,981
$1,950
$1,681
$1,668
$1,635
$1,613
$1,607
$1,606
$1,584
$1,565
$1,556
$1,541
$1,535
$1,371
$1,360
$1,344
$1,330
$1,326
$1,311
$1,293
$1,281
$1,272
$1,262
$1,251
$1,741
$1,733
$1,695
$1,669
$1,674
$1,668
$1,647
$1,630
$1,621
$1,598
$1,585
Effective
Vacancy
Rent/Unit
$2,126
5.2%
$2,129
4.5%
$2,060
4.0%
$2,018
4.4%
$2,075
4.5%
$2,066
4.0%
$2,038
4.4%
$2,019
4.7%
$2,016
5.8%
$1,970
6.6%
$1,925
6.8%
$1,676
2.7%
$1,664
2.5%
$1,628
2.9%
$1,606
3.4%
$1,599
3.4%
$1,599
3.2%
$1,572
3.2%
$1,553
3.4%
$1,546
3.3%
$1,534
3.5%
$1,518
4.2%
$1,362
2.9%
$1,350
2.4%
$1,334
2.3%
$1,321
2.2%
$1,318
2.0%
$1,306
2.1%
$1,288
2.2%
$1,273
2.4%
$1,264
2.4%
$1,252
2.6%
$1,237
3.1%
$1,736
3.4%
$1,728
3.0%
$1,687
3.1%
$1,662
3.4%
$1,667
3.4%
$1,662
3.2%
$1,637
3.3%
$1,618
3.5%
$1,611
3.8%
$1,590
4.1%
$1,567
4.6%
Offering
Concessions
9.5%
7.6%
24.8%
12.4%
12.2%
9.2%
16.3%
18.4%
22.7%
32.0%
60.8%
13.2%
14.0%
18.0%
18.8%
20.7%
17.5%
22.0%
24.7%
24.0%
29.6%
57.1%
13.8%
14.8%
15.9%
17.7%
19.4%
12.7%
13.8%
20.1%
25.1%
32.2%
39.6%
12.9%
13.4%
18.2%
17.5%
19.1%
14.6%
18.2%
22.2%
24.2%
30.9%
51.0%
Page 15 of 22
Property Summary
Page 16 of 22
Property Detail
ReNew at the Shops
28016-28032 Marguerite Pky
Distance
Built
Subclass
Units
0.67 mi
1988
Garden
400
, Mission Viejo, CA 92692
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
Camden Crown Valley
26891 La Alameda
Distance
Built
Subclass
Units
0.75 mi
2001
Garden
380
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
0.93 mi
2001
Garden
216
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
0.99 mi
1983
Garden
64
1.08 mi
1987
Garden
102
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
Status
Vacancy
Concessions
Stabilized
4.5%
None
$1,980
$1,980
3
$1.99
Status
Vacancy
Concessions
Stabilized
4.6%
None
$1,590
$1,590
2
$1.93
Status
Vacancy
Concessions
Stabilized
1.6%
None
1.09 mi
1988
Garden
460
1.66 mi
1988
Garden
372
$1,579
$1,579
3
$1.95
Status
Vacancy
Concessions
Stabilized
1.0%
None
, Laguna Niguel, CA 92677
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
Laguna Gardens Apts.
24455 Via Pansa
Distance
Built
Subclass
Units
$1,992
$1,992
3
$1.98
The Palms at Laguna Niguel
28188 Moulton Pky
Distance
Built
Subclass
Units
None
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
Bella Vista
27550 Hillcrest
Distance
Built
Subclass
Units
Stabilized
3.0%
Bellogente Garden Apartments
27507-27557 Bellogente
Distance
Built
Subclass
Units
Status
Vacancy
Concessions
Vista Real
27260 Los Altos
Distance
Built
Subclass
Units
$1,470
$1,470
2
$1.90
$1,616
$1,616
2
$2.05
Status
Vacancy
Concessions
Stabilized
1.3%
None
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
Park Ridge Villas Apartment Homes
27444 Camden
$1,703
$1,703
2
$2.14
Status
Vacancy
Concessions
Stabilized
5.1%
None
Page 17 of 22
Distance
Built
Subclass
Units
1.84 mi
1998
Garden
250
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
Laurel Vista Apartment Homes
27082 O'Neill Dr
Distance
Built
Subclass
Units
1.94 mi
2003
Garden
220
Laguna Serrano Apartments
30001 Golden Lantern
Distance
Built
Subclass
Units
2.03 mi
1988
Garden
336
$1,530
$1,530
2
$1.91
Status
Vacancy
Concessions
Stabilized
5.6%
None
, Ladera Ranch, CA 92694
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
$1,758
$1,743
3
$2.11
Status
Vacancy
Concessions
Stabilized
5.0%
Other
Asking Rent/Unit
Effective Rent/Unit
Floors
Effective Rent/Sqft
$1,689
$1,689
2
$1.84
Status
Vacancy
Concessions
Stabilized
0.0%
None
Page 18 of 22
Comparable Building History
No properties were found in the selected filter.
Comparable Unit Type History
No comparable properties selected.
Metro Rent Vs. PPR54 Average Rent Growth
Metro Rent Trends
Rent growth is taking its foot off the gas. Vacancies are at cycle lows, and supply is coming on strong, meaning the strongest days of
rent growth here are in the past. The best years for growth were between 2011–12, when gains averaged 4.7% per year. Over the
forecast, Orange County rent growth will be on par with the national major markets average. While things are slowing down here the
metro as a whole is relatively strong, meaning the variance in rent growth between Orange County submarkets is small. Cumulative
growth in all submarkets is expected to range between 8% and 11%. While Irvine is expected to get outsized supply, drivers there
are good, and the Irvine Company is more than likely to maintain generally favorable conditions.
Page 19 of 22
Rent Growth in Submarket vs. Metro
Page 20 of 22
Performance
Performance Trends
With this cycle’s anticipated capital value growth already on the books, returns will ease up over the next few years. Average annual
returns in the Orange County apartment market are expected to be among the lightest in the nation over the forecast. That,
however, should not be an indictment on the strength of this market. Capital values have already recovered here. Those in it for the
long haul will do fine to hold assets today; high occupancies and solid economic growth will reward long-term holds. However,
investors seeking to maximize total returns over the forecast can find better results just about anywhere.
Don’t overpay for Class A. In fact, now might be a good time to sell. Generally speaking, the new product hitting the market over the
next few years will take the biggest bite out of incomes at the upper end of the product range. Supply growth over the next three
years will equal a small percent of total inventory, but (assuming all projects underway are high quality) 4 & 5 Star stock could rise
by a whopping 17%. Competition for renters will intensify, and older 4 & 5 Star units will probably lack the amenities being offered
by recent deliveries. This partly explains the recent decrease in liquidity for high-end product. Of course, 4 & 5 Star communities in
desirable locations should remain competitive regardless of supply growth as long as economic conditions remain favorable, so there
are exceptions to this rule.
With so many new options for tenants to choose from, repositioning outdated properties may prove difficult. The window for property
flipping may have closed. Not only have the bulk of the value gains in this cycle run their course, but the surplus of demand has also
ended as vacancies head back up. As such, older properties are no longer the bargain they once were, and there’s no guarantee of
being able to lease up an asset post-renovation. Value-add buyers would be advised to try their luck up the coast in LA instead.
Page 21 of 22
Metro Vs. PPR54 Derived Transaction Returns
Sources: CoStar Market Analytics; Trepp, LLC
Page 22 of 22
Apartment - Orange County - South County
Rent Comps
17 December, 2014
APARTMENT SUBMARKET GEOGRAPHIC SHAPES
© 2014 CoStar Realty Information, Inc
Page 1
Rent Comps
17 December, 2014
APARTMENT SUBMARKET STATISTICS
ID
1
2
3
4
5
6
7
8
9
10
Market
Anaheim
Central OC East of I-5
Central OC West of I-5
Costa Mesa
Huntington Beach/Seal Beach
Irvine
Newport Beach
North County
South County
Tustin
# Buildings
217
52
189
73
59
64
21
202
75
65
Units
22,422
5,264
20,048
11,291
8,286
24,291
7,320
21,613
21,159
8,155
Asking Rent
Effective Rent
$1,427
$1,404
$1,549
$1,532
$1,518
$1,503
$1,717
$1,705
$1,704
$1,684
$2,124
$2,117
$2,357
$2,331
$1,460
$1,439
$1,783
$1,768
$1,564
$1,548
Vacancy
2.8%
2.6%
2.6%
2.6%
2.1%
2.3%
3.0%
2.6%
4.1%
2.3%
Page 2
Rent Comps
17 December, 2014
APARTMENT SUBMARKET INVENTORY - MARKET RATE, 20+ UNITS
Building Class Summary
Building Detail
Rating
4 & 5 Star
3 Star
1 & 2 Star
Asking Rent
# Buildings
22
44
10
Units
7,827
12,891
871
Avg. SF/
Unit
937
886
892
76
21,589
905
4.1%
Avg. SF/
Unit
888
875
908
905
Avg.
Vacancy
1.6%
2.3%
4.3%
4.1%
Total
Effective Rent
Avg.
Vacancy
6.1%
2.9%
3.0%
Avg. Age
15
28
39
Rent/Unit
$1,898
$1,733
$1,577
Rent/SF
$2.07
$1.99
$1.80
Rent/Unit
$1,892
$1,712
$1,565
Rent/SF
$2.06
$1.97
$1.78
Rent
Ratio
99.7%
98.8%
98.6%
25
$1,787
$2.01
$1,771
$1.99
99.1%
Building Size Summary
Building Detail
Size
20-99 Units
100-199 Units
200+ Units
Total
# Buildings
8
14
54
76
Units
364
2,216
19,009
21,589
Asking Rent
Avg. Age
39
28
23
25
Rent/Unit
$1,706
$1,712
$1,797
$1,787
Rent/SF
$1.95
$1.98
$2.02
$2.01
Effective Rent
Rent/Unit
$1,691
$1,696
$1,782
$1,771
Rent/SF
$1.93
$1.96
$2.00
$1.99
Rent
Ratio
98.6%
98.7%
99.2%
99.1%
Unit Type Summary
Unit Detail
Unit Type
Studio
1 Bedroom
2 Bedroom
3+ Bedroom
Units
Total
332
9,623
10,901
733
21,589
Asking Rent
Avg. SF/ Unit Avg. Vacancy
522
6.3%
735
4.1%
1,038
3.8%
1,322
5.7%
905
4.1%
Rent/Unit
$1,529
$1,764
$1,801
$1,978
$1,787
Rent/SF
$2.50
$2.17
$1.87
$1.88
$2.01
Effective Rent
Rent/Unit
$1,509
$1,749
$1,786
$1,969
$1,771
Rent/SF
$2.47
$2.15
$1.85
$1.87
$1.99
Rent
Ratio
98.6%
98.9%
99.1%
99.6%
99.1%
Page 3
Rent Comps
17 December, 2014
4 & 5 STAR APARTMENT INVENTORY
Building Detail
Size
100-199 Units
200+ Units
Total
# Buildings
1
21
22
Units
192
7,635
7,827
Asking Rent
Avg. SF/
Unit
821
940
937
Avg.
Vacancy
1.6%
6.2%
6.1%
Avg. Age
24
15
15
Rent/Unit
$1,765
$1,902
$1,898
Rent/SF
$2.17
$2.06
$2.07
Effective Rent
Rent/Unit
$1,764
$1,895
$1,892
Rent/SF
$2.17
$2.06
$2.06
Rent
Ratio
100.0%
99.7%
99.7%
Unit Type Summary
Unit Detail
Unit Type
Studio
1 Bedroom
2 Bedroom
3+ Bedroom
Units
Total
55
3,717
3,676
379
7,827
Asking Rent
545
23.6%
762
5.9%
1,068
5.6%
1,435
9.5%
937
6.1%
Rent/Unit
$1,444
$1,688
$2,050
$2,556
$1,898
Rent/SF
$2.65
$2.22
$1.92
$1.82
$2.07
Effective Rent
Rent/Unit
$1,782
$1,883
$1,888
$2,035
$1,892
Rent/SF
$2.65
$2.22
$1.92
$1.82
$2.06
Rent
Ratio
100.0%
99.7%
99.8%
99.7%
99.7%
Page 4
Rent Comps
135
Laurel Vista Apartment Homes
CoStar PID: 7770404
27082 O'Neill Dr, Ladera Ranch, CA 92694
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
2003
Garden
220
Bedrooms
1 Bedroom
2 Bedroom
3
Total
17 December, 2014
Asking Rent
# Units Vacancy
86
3.5%
Avg. SF
Rent/Unit
658
$1,570
934
$1,908
$2.04
$1,908
$2.04
826
$1,776
$2.18
$1,776
$2.18 100.00%
4
13
240 Avenida Vista Montana, San Clemente, CA 92672
Property Detail
Unit Detail
1988
Garden
368
Floors:
2
Rating:
4
Vacant Units
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
224
5.4%
Avg. SF
Rent/Unit
667
$1,560
972
$1,948
$2.00
$1,948
$2.00
787
$1,712
$2.21
$1,712
$2.21 100.00%
20
Property Detail
Unit Detail
1986
Garden
250
Floors:
2
Rating:
4
Vacant Units
8
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
125
3.2%
Avg. SF
Rent/Unit
655
$1,531
3.2%
1,018
$1,919
$1.89
$1,919
$1.89
100.0%
836
$1,725
$2.11
$1,725
$2.11
99.99%
Rent/SF
$2.33
Ratio
100.0%
23511 Aliso Creek Rd, Laguna Hills, CA 92656
Total Units:
Unit Detail
Garden
192
Floors:
2
Rating:
4
Vacant Units
3
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
96
3.1%
Avg. SF
Rent/Unit
697
$1,622
96
0.0%
944
$1,908
$2.02
$1,907
$2.02
100.0%
1.56%
821
$1,765
$2.17
$1,764
$2.17
99.98%
Rent/SF
$2.83
Ratio
100.0%
CoStar PID: 8154535
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
2014
Garden
Bedrooms
Studio
Effective Rent
Rent/SF
Rent/Unit
$2.33
$1,622
192
166
Property Detail
Ratio
100.0%
3.20%
CoStar PID: 4093558
1990
Rent/SF
$2.34
250
Aliso Town Center
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$2.34
$1,530
125
33
Subcategory:
100.0%
5.6%
1100 Calle Del Cerro, San Clemente, CA 92672
Built/Renovated:
Ratio
100.0%
5.43%
CoStar PID: 4598934
Total Units:
Rent/SF
$2.34
368
Avana San Clemente
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.34
$1,560
144
55
Built/Renovated:
100.0%
7.5%
5.91%
CoStar PID: 5000649
Total Units:
Ratio
100.0%
220
Seacrest Apartment Homes
Subcategory:
Rent/SF
$2.39
134
59
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.39
$1,570
Asking Rent
# Units Vacancy
25
52.0%
Avg. SF
Rent/Unit
568
$1,605
Effective Rent
Rent/SF
Rent/Unit
$2.83
$1,605
320
1 Bedroom
135
50.4%
679
$1,756
$2.59
$1,756
$2.59
100.0%
Floors:
3
2 Bedroom
110
50.0%
1,008
$2,341
$2.32
$2,340
$2.32
100.0%
Rating:
4
3+ Bedroom
50
50.0%
1,251
$2,850
$2.28
$2,850
$2.28
100.0%
320
50.31%
873
$2,116
$2.47
$2,116
$2.47
99.99%
Vacant Units
161
Total
Page 5
Rent Comps
102
Laurel Glen Apartment Homes
CoStar PID: 7761875
70 Sklar St, Ladera Ranch, CA 92694
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
2003
Garden
220
Floors:
3
Rating:
4
Vacant Units
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
40
7.5%
Avg. SF
Rent/Unit
710
$1,605
6.4%
1,055
$2,038
$1.93
$2,038
$1.93
100.0%
70
5.7%
1,206
$2,597
$2.15
$2,597
$2.15
100.0%
220
6.36%
1,040
$2,137
$2.06
$2,137
$2.06 100.00%
Total
14
27662 Aliso Creek Rd, Aliso Viejo, CA 92656
Property Detail
Unit Detail
2000
Garden
428
Floors:
3
Rating:
4
Vacant Units
3
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
200
0.0%
2 Bedroom
Total
Avg. SF
Rent/Unit
770
$1,649
Subcategory:
1,039
$1,959
$1.89
$1,959
$1.89
913
$1,815
$2.01
$1,815
$2.01 100.00%
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
Garden
421
2 Bedroom
3
Total
Asking Rent
# Units Vacancy
211
12.8%
Avg. SF
Rent/Unit
742
$1,879
12.9%
1,119
$2,409
$2.15
$2,368
$2.11
98.3%
930
$2,143
$2.34
$2,102
$2.30
98.08%
Rent/SF
$2.09
Ratio
100.0%
4
54
23411 Summerfield Apt 52J, Aliso Viejo, CA 92656
Property Detail
Unit Detail
1991
Garden
675
Floors:
3
Rating:
4
Vacant Units
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
239
2.9%
Avg. SF
Rent/Unit
792
$1,658
300
2.7%
1,277
$2,208
$1.73
$2,208
$1.73
100.0%
3+ Bedroom
136
2.9%
1,667
$2,603
$1.56
$2,602
$1.56
100.0%
675
2.81%
1,184
$2,092
$1.82
$2,092
$1.82
99.98%
Rent/SF
$2.45
Ratio
100.0%
100.0%
Total
19
Laurel Terrace Apartment Homes
CoStar PID: 7768693
2000 Corporate Dr, Ladera Ranch, CA 92694
Property Detail
Subcategory:
Total Units:
Effective Rent
Rent/SF
Rent/Unit
$2.09
$1,657
2 Bedroom
119
Built/Renovated:
Ratio
97.8%
12.83%
CoStar PID: 7770596
Total Units:
Rent/SF
$2.48
421
St. Moritz Resort Apartments
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.53
$1,837
210
144
Built/Renovated:
100.0%
1.3%
350 Club Dr, Laguna Beach, CA 92651
Bedrooms
1 Bedroom
Ratio
100.0%
0.70%
CoStar PID: 4067557
1988
Rent/SF
$2.14
428
Club Laguna
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$2.14
$1,649
228
31
Built/Renovated:
Ratio
100.0%
110
CoStar PID: 758708
Total Units:
Rent/SF
$2.26
3+ Bedroom
Alicante
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.26
$1,605
2 Bedroom
8
Built/Renovated:
17 December, 2014
Unit Detail
2003
Garden
232
Floors:
3
Rating:
4
Vacant Units
7
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
110
2.7%
Avg. SF
Rent/Unit
688
$1,688
Effective Rent
Rent/SF
Rent/Unit
$2.45
$1,688
122
3.3%
1,024
$2,136
$2.09
$2,136
$2.09
232
3.02%
865
$1,924
$2.26
$1,924
$2.26 100.00%
Page 6
Rent Comps
83
Sonterra at Foothill Ranch Apartments
CoStar PID: 7640059
26322 Towne Centre Dr, Foothill Ranch, CA 92610
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1997
Garden
300
Floors:
2
Rating:
4
Vacant Units
Bedrooms
1 Bedroom
17 December, 2014
Asking Rent
# Units Vacancy
156
5.8%
Avg. SF
Rent/Unit
763
$1,589
Effective Rent
Rent/SF
Rent/Unit
$2.08
$1,589
122
5.7%
1,057
$1,910
$1.81
$1,910
$1.81
100.0%
3+ Bedroom
22
4.5%
1,390
$2,595
$1.87
$2,595
$1.87
100.0%
300
5.67%
929
$1,793
$1.95
$1,793
$1.95 100.00%
Total
17
Skyview Apartments
CoStar PID: 7649982
21022 Los Alisos Blvd, Rancho Santa Margarita, CA 92688
Property Detail
Subcategory:
Total Units:
Unit Detail
1999
Garden
260
Floors:
2
Rating:
4
Vacant Units
8
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
108
2.8%
Avg. SF
Rent/Unit
750
$1,655
3.9%
955
$1,908
$2.00
$1,908
$2.00
100.0%
24
0.0%
1,220
$2,490
$2.04
$2,490
$2.04
100.0%
260
3.08%
894
$1,857
$2.09
$1,857
$2.09 100.00%
Total
22752 Enterprise, Aliso Viejo, CA 92656
Subcategory:
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
Garden
484
Bedrooms
1 Bedroom
2 Bedroom
3
Total
Asking Rent
# Units Vacancy
222
4.5%
Avg. SF
Rent/Unit
769
$1,558
1,035
$1,949
$1.88
$1,949
$1.88
913
$1,770
$1.95
$1,770
$1.95 100.00%
4
22
Property Detail
Unit Detail
1998
Garden
498
Floors:
2
Rating:
4
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
239
4.6%
Avg. SF
Rent/Unit
862
$1,714
100.0%
4.6%
1,039
$1,907
$1.84
$1,907
$1.84
4.62%
954
$1,814
$1.91
$1,814
$1.91 100.00%
23
26316 Paseo Del Mar, San Juan Capistrano, CA 92675
Property Detail
Unit Detail
1986
Garden
274
Floors:
2
Rating:
4
Vacant Units
Ratio
100.0%
498
CoStar PID: 6370794
Total Units:
Rent/SF
$1.99
259
Capistrano Pointe
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$1.99
$1,714
69
Built/Renovated:
100.0%
4.6%
22751 El Prado, Rancho Santa Margarita, CA 92688
Vacant Units
Ratio
100.0%
4.55%
CoStar PID: 7047916
Total Units:
Rent/SF
$2.03
484
Avila at Rancho Santa Margarita
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.03
$1,558
262
75
Built/Renovated:
Ratio
100.0%
128
CoStar PID: 7048131
1999
Rent/SF
$2.21
3+ Bedroom
Alize at Aliso Viejo
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$2.21
$1,655
2 Bedroom
79
Built/Renovated:
Ratio
100.0%
2 Bedroom
86
Built/Renovated:
Rent/SF
$2.08
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
128
9.4%
Avg. SF
Rent/Unit
751
$1,681
Effective Rent
Rent/SF
Rent/Unit
$2.24
$1,681
Rent/SF
$2.24
Ratio
100.0%
146
9.6%
954
$1,890
$1.98
$1,890
$1.98
100.0%
274
9.49%
859
$1,792
$2.10
$1,792
$2.10
99.99%
26
Page 7
Rent Comps
149
Madrid Apartments
CoStar PID: 7770770
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
2000
Garden
230
Floors:
3
Rating:
4
Vacant Units
4
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
121
0.8%
Avg. SF
Rent/Unit
876
$1,728
2.1%
1,070
$2,057
$1.92
$2,057
$1.92
100.0%
12
8.3%
1,295
$2,751
$2.12
$2,751
$2.12
100.0%
230
1.74%
980
$1,920
$1.96
$1,920
$1.96 100.00%
Total
5000 City Lights Dr, Aliso Viejo, CA 92656
Subcategory:
Total Units:
Unit Detail
Mid-Rise
793
Floors:
4
Rating:
4
Vacant Units
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
440
3.6%
Avg. SF
Rent/Unit
766
$1,787
2.0%
1,159
$2,277
$1.96
$2,271
$1.96
99.7%
941
$2,005
$2.17
$2,000
$2.16
99.74%
Rent/SF
$2.03
Ratio
100.0%
23
27260 Los Altos, Mission Viejo, CA 92691
Property Detail
Unit Detail
2001
Garden
216
Floors:
3
Rating:
4
Vacant Units
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
80
5.0%
Avg. SF
Rent/Unit
858
$1,739
112
4.5%
1,023
$1,979
$1.93
$1,978
$1.93
100.0%
3+ Bedroom
24
4.2%
1,323
$2,525
$1.91
$2,525
$1.91
100.0%
216
4.63%
995
$1,950
$1.97
$1,950
$1.97 100.00%
Total
10
Aventine at Aliso Viejo
CoStar PID: 7047936
22501 Chase, Aliso Viejo, CA 92656
Property Detail
Subcategory:
Total Units:
Unit Detail
1997
Garden
386
Floors:
3
Rating:
4
Vacant Units
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
230
4.3%
Avg. SF
Rent/Unit
808
$1,636
4.5%
1,061
$2,040
$1.92
$2,040
$1.92
100.0%
910
$1,799
$1.98
$1,799
$1.98
99.97%
Rent/SF
$2.05
Ratio
100.0%
100.0%
17
26891 La Alameda, Mission Viejo, CA 92691
Property Detail
Unit Detail
2001
Garden
380
Floors:
3
Rating:
4
Vacant Units
Ratio
100.0%
4.40%
CoStar PID: 1586520
Total Units:
Rent/SF
$2.02
386
Camden Crown Valley
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.02
$1,635
156
10
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.03
$1,739
2 Bedroom
77
Built/Renovated:
Ratio
99.8%
2.90%
CoStar PID: 7768722
Total Units:
Rent/SF
$2.33
793
Vista Real
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.33
$1,783
353
123
Built/Renovated:
Ratio
100.0%
97
CoStar PID: 7769334
2001
Rent/SF
$1.97
3+ Bedroom
City Lights at Town Center Apartments
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$1.97
$1,728
2 Bedroom
129
Property Detail
17 December, 2014
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
195
4.6%
Avg. SF
Rent/Unit
838
$1,722
Effective Rent
Rent/SF
Rent/Unit
$2.05
$1,722
185
4.3%
1,180
$2,220
$1.88
$2,220
$1.88
380
4.47%
1,004
$1,964
$1.97
$1,964
$1.97 100.00%
17
Page 8
Rent Comps
137
Park Ridge Villas Apartment Homes
CoStar PID: 7770463
27444 Camden, Mission Viejo, CA 92692
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1998
Garden
Bedrooms
Studio
17 December, 2014
Asking Rent
# Units Vacancy
30
0.0%
Avg. SF
Rent/Unit
525
$1,310
Effective Rent
Rent/SF
Rent/Unit
$2.50
$1,310
Rent/SF
$2.50
Ratio
100.0%
250
1 Bedroom
108
3.7%
700
$1,410
$2.01
$1,410
$2.01
100.0%
Floors:
2
2 Bedroom
112
0.9%
973
$1,645
$1.69
$1,645
$1.69
100.0%
Rating:
4
250
2.00%
801
$1,503
$1.93
$1,503
$1.93 100.00%
Vacant Units
5
Total
172
Avalon Baker Ranch
CoStar PID: 9424052
1000 Lupine, Lake Forest, CA 92610
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
2014
Garden
430
Floors:
3
Rating:
4
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
224
0.0%
Avg. SF
Rent/Unit
774
$1,953
Effective Rent
Rent/SF
Rent/Unit
$2.52
$1,894
Rent/SF
$2.45
Ratio
97.0%
97.0%
2 Bedroom
165
0.0%
1,123
$1,953
$1.74
$1,894
$1.69
3+ Bedroom
41
0.0%
1,536
$1,953
$1.27
$1,894
$1.23
97.0%
430
0.00%
981
$1,953
$2.10
$1,894
$2.04
96.98%
Total
Vacant Units
Page 9
Rent Comps
17 December, 2014
3 STAR APARTMENT INVENTORY
Building Detail
Size
20-99 Units
100-199 Units
200+ Units
Total
# Buildings
2
10
32
44
Units
166
1,576
11,149
12,891
Asking Rent
Avg. SF/
Unit
990
878
886
886
Avg.
Vacancy
1.2%
2.8%
3.0%
2.9%
Avg. Age
33
27
28
28
Rent/Unit
$1,853
$1,756
$1,728
$1,733
Rent/SF
$1.91
$2.02
$1.99
$1.99
Effective Rent
Rent/Unit
$1,853
$1,738
$1,706
$1,712
Rent/SF
$1.91
$2.00
$1.97
$1.97
Rent
Ratio
100.0%
98.5%
98.8%
98.8%
Unit Type Summary
Unit Detail
Unit Type
Studio
1 Bedroom
2 Bedroom
3+ Bedroom
Units
Total
274
5,448
6,843
326
12,891
Asking Rent
519
2.9%
715
2.9%
1,021
3.0%
1,211
1.8%
886
2.9%
Rent/Unit
$1,483
$1,698
$1,761
$1,935
$1,733
Rent/SF
$2.48
$2.15
$1.85
$1.97
$1.99
Effective Rent
Rent/Unit
$1,459
$1,676
$1,741
$1,923
$1,712
Rent/SF
$2.44
$2.12
$1.83
$1.95
$1.97
Rent
Ratio
98.2%
98.6%
98.8%
99.3%
98.8%
Page 10
Rent Comps
121
Niguel Summit
CoStar PID: 7768694
30252 Pacific Island Dr, Laguna Niguel, CA 92677
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
1990
Garden
170
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
40
5.0%
2 Bedroom
2
Total
Avg. SF
Rent/Unit
755
$1,928
1,024
$1,841
$1.80
$1,841
$1.80
961
$1,862
$1.98
$1,862
$1.98 100.00%
3
10
Property Detail
Unit Detail
1972
Garden
208
Floors:
2
Rating:
3
Vacant Units
4
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
52
1.9%
2 Bedroom
Total
Avg. SF
Rent/Unit
721
$1,894
1.9%
938
$2,237
$2.39
$2,170
$2.31
97.0%
884
$2,151
$2.45
$2,087
$2.37
96.99%
Rent/SF
$2.45
Ratio
100.0%
100.0%
31 Seaport, Laguna Niguel, CA 92677
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
Garden
599
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
239
4.2%
2 Bedroom
2
Total
Avg. SF
Rent/Unit
668
$1,634
3.9%
937
$1,989
$2.12
$1,988
$2.12
599
4.01%
830
$1,847
$2.25
$1,847
$2.25 100.00%
3
24
Monarch Coast
CoStar PID: 6370807
32400 Crown Valley Pky, Dana Point, CA 92629
Property Detail
Subcategory:
Total Units:
Unit Detail
1989
Garden
418
Floors:
3
Rating:
3
Vacant Units
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
153
3.3%
2 Bedroom
Total
Avg. SF
Rent/Unit
766
$1,938
Ratio
92.3%
3.0%
1,105
$2,314
$2.09
$2,137
$1.93
92.3%
3.11%
981
$2,177
$2.25
$2,010
$2.08
92.34%
Rent/SF
$2.58
Ratio
98.0%
13
CoStar PID: 4066579
2459 Corte Merlango, San Clemente, CA 92673
Property Detail
Total Units:
Rent/SF
$2.34
418
Pacific Pointe
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.53
$1,790
265
16
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.45
$1,634
360
71
Built/Renovated:
Ratio
97.0%
1.92%
CoStar PID: 7768161
1986
Rent/SF
$2.55
208
Seaside at Laguna Heights Apartments
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$2.63
$1,837
156
112
Subcategory:
100.0%
6.2%
23731 Mariner Dr, Dana Point, CA 92629
Built/Renovated:
Ratio
100.0%
5.88%
CoStar PID: 7761495
Total Units:
Rent/SF
$2.55
170
The Villas at Monarch Beach
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.55
$1,928
130
98
Built/Renovated:
17 December, 2014
Unit Detail
1984
Garden
Bedrooms
Studio
Asking Rent
# Units Vacancy
16
0.0%
192
1 Bedroom
48
2.1%
Floors:
2
2 Bedroom
80
Rating:
3
3+ Bedroom
48
Vacant Units
3
192
Total
Avg. SF
Rent/Unit
493
$1,299
Effective Rent
Rent/SF
Rent/Unit
$2.63
$1,273
691
$1,575
$2.28
$1,544
$2.23
98.0%
1.3%
891
$1,799
$2.02
$1,763
$1.98
98.0%
2.1%
1,033
$2,175
$2.11
$2,132
$2.06
98.0%
1.56%
843
$1,795
$2.16
$1,760
$2.11
98.01%
Page 11
Rent Comps
17 December, 2014
140
Villas Antonio Apartment Homes
CoStar PID: 7770522
22482 Alma Aldea, Rancho Santa Margarita, CA 92688
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
1995
Garden
316
Bedrooms
1 Bedroom
2 Bedroom
3
Total
Asking Rent
# Units Vacancy
138
1.4%
Avg. SF
Rent/Unit
661
$1,422
970
$1,804
$1.86
$1,804
$1.86
835
$1,637
$1.99
$1,637
$1.99 100.00%
3
10
30122 Niguel Rd, Laguna Niguel, CA 92677
Property Detail
Unit Detail
1985
Garden
208
Floors:
2
Rating:
3
Vacant Units
8
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
52
3.8%
Avg. SF
Rent/Unit
721
$1,769
3.8%
938
$2,046
$2.18
$1,984
$2.12
97.0%
884
$1,977
$2.25
$1,917
$2.18
96.97%
Rent/SF
$2.09
Ratio
100.0%
100.0%
24950 Via Florecer, Mission Viejo, CA 92692
Subcategory:
Total Units:
Unit Detail
Garden
166
Floors:
2
Rating:
3
Vacant Units
8
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
94
4.3%
Avg. SF
Rent/Unit
641
$1,343
72
5.6%
875
$1,628
$1.86
$1,628
$1.86
4.82%
743
$1,466
$1.99
$1,466
$1.99 100.00%
Seabrook at Bear Brand
CoStar PID: 7768339
56 Sea Terrace St, Dana Point, CA 92629
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1986
Garden
402
Floors:
3
Rating:
3
Vacant Units
8
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
206
2.4%
Avg. SF
Rent/Unit
711
$1,714
2.1%
940
$1,960
$2.09
$1,960
$2.09
100.0%
52
0.0%
1,174
$2,749
$2.34
$2,749
$2.34
100.0%
402
1.99%
853
$1,936
$2.29
$1,936
$2.29 100.00%
Total
76 Mercantile Way, Ladera Ranch, CA 92694
Subcategory:
Total Units:
Unit Detail
Garden
201
Floors:
2
Rating:
3
Vacant Units
8
Ratio
100.0%
144
CoStar PID: 7770886
2001
Rent/SF
$2.41
3+ Bedroom
Laurel Canyon Apartment Homes
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.41
$1,714
2 Bedroom
157
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$2.09
$1,343
166
114
Property Detail
Ratio
96.9%
3.85%
CoStar PID: 1593499
1984
Rent/SF
$2.38
208
Avalon Mission Viejo
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$2.45
$1,715
156
12
Built/Renovated:
100.0%
4.5%
3.16%
CoStar PID: 4624656
Total Units:
Ratio
100.0%
316
The Vista at Laguna Niguel
Subcategory:
Rent/SF
$2.15
178
57
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.15
$1,422
Bedrooms
1 Bedroom
2 Bedroom
3+ Bedroom
Total
Asking Rent
# Units Vacancy
70
4.3%
100
Avg. SF
Rent/Unit
710
$1,810
Effective Rent
Rent/SF
Rent/Unit
$2.55
$1,750
Rent/SF
$2.46
Ratio
96.7%
96.7%
4.0%
1,055
$2,268
$2.15
$2,193
$2.08
31
3.2%
1,250
$2,675
$2.14
$2,587
$2.07
96.7%
201
3.98%
965
$2,171
$2.29
$2,100
$2.21
96.70%
Page 12
Rent Comps
42
Sofi Laguna Hills
CoStar PID: 4179293
24505 Los Alisos Blvd, Laguna Hills, CA 92653
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1978
Garden
360
Floors:
2
Rating:
3
Vacant Units
7
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
208
1.9%
Avg. SF
Rent/Unit
738
$1,516
2.0%
1,010
$1,776
$1.76
$1,775
$1.76
100.0%
853
$1,625
$1.93
$1,625
$1.93
99.97%
Rent/SF
$2.05
Ratio
100.0%
31872 Joshua Dr, Trabuco Canyon, CA 92679
Subcategory:
Total Units:
Unit Detail
Garden
184
Floors:
2
Rating:
3
Vacant Units
3
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
107
1.9%
Avg. SF
Rent/Unit
821
$1,683
77
1.3%
999
$2,022
$2.02
$2,022
$2.02
100.0%
1.63%
895
$1,825
$2.04
$1,825
$2.04
99.99%
Rent/SF
$2.25
Ratio
96.5%
96.5%
Renew at The Shops
CoStar PID: 4297663
28016 Marguerite Pkwy, Mission Viejo, CA 92692
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1988
Garden
Bedrooms
Studio
Effective Rent
Rent/SF
Rent/Unit
$2.05
$1,683
184
46
Property Detail
Ratio
100.0%
1.94%
CoStar PID: 6370785
1988
Rent/SF
$2.05
360
Trabuco Highlands
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.05
$1,515
152
67
Property Detail
17 December, 2014
Asking Rent
# Units Vacancy
48
2.1%
Avg. SF
Rent/Unit
525
$1,225
Effective Rent
Rent/SF
Rent/Unit
$2.33
$1,182
400
1 Bedroom
160
1.9%
625
$1,326
$2.12
$1,279
$2.05
Floors:
2
2 Bedroom
192
2.1%
960
$1,629
$1.70
$1,571
$1.64
96.4%
Rating:
3
400
2.00%
774
$1,459
$1.94
$1,408
$1.87
96.46%
Vacant Units
8
Rent/SF
$2.03
Ratio
97.7%
Total
22
Bella Vista
CoStar PID: 4066826
27550 Hillcrest, Mission Viejo, CA 92691
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1987
Garden
102
Floors:
3
Rating:
3
Vacant Units
2
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
62
1.6%
Avg. SF
Rent/Unit
689
$1,432
40
2.5%
1,000
$1,771
$1.77
$1,730
$1.73
97.7%
102
1.96%
811
$1,565
$1.96
$1,529
$1.91
97.68%
Rent/SF
$2.02
Ratio
100.0%
100.0%
27
Villa Solana Apartments
CoStar PID: 4067078
26033 Moulton Pkwy, Laguna Hills, CA 92653
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1984
Garden
272
Floors:
2
Rating:
3
Vacant Units
1
Bedrooms
1 Bedroom
2 Bedroom
Total
Effective Rent
Rent/SF
Rent/Unit
$2.08
$1,399
Asking Rent
# Units Vacancy
104
0.0%
Avg. SF
Rent/Unit
770
$1,557
Effective Rent
Rent/SF
Rent/Unit
$2.02
$1,557
168
0.6%
982
$1,799
$1.83
$1,799
$1.83
272
0.37%
901
$1,707
$1.90
$1,707
$1.90 100.00%
Page 13
Rent Comps
35
Trabuco Villas
CoStar PID: 4093739
21361 Beechwood Way, Lake Forest, CA 92630
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1985
Garden
132
Floors:
2
Rating:
3
Vacant Units
3
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
44
2.3%
2 Bedroom
Total
Avg. SF
Rent/Unit
800
$1,723
Subcategory:
1,100
$2,223
$2.02
$2,223
$2.02
1,000
$2,056
$2.07
$2,056
$2.07 100.00%
Total Units:
Unit Detail
Garden
100.0%
2.3%
1 Via Amistosa, Rancho Santa Margarita, CA 92688
Bedrooms
Studio
Ratio
100.0%
2.27%
CoStar PID: 7770837
1986
Rent/SF
$2.15
88
Villa La Paz Apartment Homes
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.15
$1,723
132
154
Property Detail
17 December, 2014
Asking Rent
# Units Vacancy
100
4.0%
Avg. SF
Rent/Unit
525
$1,305
Effective Rent
Rent/SF
Rent/Unit
$2.49
$1,305
Rent/SF
$2.49
Ratio
100.0%
500
1 Bedroom
192
4.2%
670
$1,350
$2.01
$1,350
$2.01
100.0%
Floors:
2
2 Bedroom
208
3.8%
925
$1,613
$1.74
$1,613
$1.74
100.0%
Rating:
3
500
4.00%
747
$1,450
$2.00
$1,450
$2.00 100.00%
Vacant Units
Total
20
117
Las Flores
CoStar PID: 7768357
381 Sable, Rancho Santa Margarita, CA 92688
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1999
Garden
504
Floors:
3
Rating:
3
Vacant Units
5
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
312
0.6%
Avg. SF
Rent/Unit
819
$1,620
1.6%
1,096
$1,919
$1.75
$1,918
$1.75
100.0%
0.99%
924
$1,734
$1.89
$1,734
$1.89
99.99%
Rent/SF
$2.37
Ratio
100.0%
CoStar PID: 7770693
24421 Via Palomino, Laguna Niguel, CA 92677
Subcategory:
Total Units:
Unit Detail
1988
Garden
372
Floors:
2
Rating:
3
Vacant Units
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
184
3.3%
Avg. SF
Rent/Unit
639
$1,512
3.2%
949
$1,864
$1.96
$1,864
$1.96
100.0%
372
3.23%
796
$1,690
$2.16
$1,690
$2.16
99.99%
Rent/SF
$2.19
Ratio
100.0%
100.0%
12
Niguel Summit Apartments
CoStar PID: 4314973
30161 Pacific Island Dr, Laguna Niguel, CA 92677
Property Detail
Subcategory:
Total Units:
Effective Rent
Rent/SF
Rent/Unit
$2.37
$1,512
188
53
Built/Renovated:
Ratio
100.0%
504
Laguna Gardens
Built/Renovated:
Rent/SF
$1.98
192
147
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$1.98
$1,620
Unit Detail
1990
Garden
170
Floors:
2
Rating:
3
Vacant Units
1
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
40
0.0%
Avg. SF
Rent/Unit
755
$1,651
Effective Rent
Rent/SF
Rent/Unit
$2.19
$1,651
130
0.8%
1,024
$1,983
$1.94
$1,983
$1.94
170
0.59%
961
$1,905
$2.00
$1,905
$2.00 100.00%
Page 14
Rent Comps
51
Hidden Hills
CoStar PID: 4314972
30041 Tessier, Laguna Niguel, CA 92677
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
1988
Garden
324
Bedrooms
1 Bedroom
2 Bedroom
2
Total
Asking Rent
# Units Vacancy
65
3.1%
Avg. SF
Rent/Unit
727
$1,407
Ratio
100.0%
100.0%
3.1%
996
$1,754
$1.76
$1,754
$1.76
3.09%
942
$1,685
$1.80
$1,685
$1.80 100.00%
3
10
CoStar PID: 7762091
26571 Normandale Dr, Lake Forest, CA 92630
Property Detail
Total Units:
Rent/SF
$1.94
324
Westridge Apartment Homes
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$1.94
$1,407
259
107
Built/Renovated:
17 December, 2014
Unit Detail
1988
Garden
Bedrooms
Studio
Asking Rent
# Units Vacancy
62
4.8%
Avg. SF
Rent/Unit
525
$1,296
Effective Rent
Rent/SF
Rent/Unit
$2.47
$1,249
Rent/SF
$2.38
Ratio
96.4%
96.4%
390
1 Bedroom
168
4.8%
700
$1,395
$1.99
$1,345
$1.92
Floors:
2
2 Bedroom
160
5.0%
980
$1,731
$1.77
$1,669
$1.70
96.4%
Rating:
3
390
4.87%
787
$1,517
$1.98
$1,463
$1.90
96.40%
Rent/SF
$1.90
Ratio
100.0%
100.0%
Vacant Units
Total
19
37
Villas Aliento Apartment Homes
CoStar PID: 4116448
114 Aliento, Rancho Santa Margarita, CA 92688
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1989
Garden
225
Floors:
2
Rating:
3
Vacant Units
0
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
129
0.0%
Avg. SF
Rent/Unit
619
$1,178
96
0.0%
920
$1,558
$1.69
$1,558
$1.69
225
0.00%
748
$1,340
$1.81
$1,340
$1.81 100.00%
44
Siena Terrace Apartments
CoStar PID: 4196051
20041 Osterman Rd, Lake Forest, CA 92630
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1988
Garden
356
Floors:
2
Rating:
3
Vacant Units
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
136
2.2%
Avg. SF
Rent/Unit
700
$1,515
100.0%
3.2%
900
$1,705
$1.89
$1,705
$1.89
824
$1,632
$2.00
$1,632
$2.00 100.00%
10
111 Via Serena, Rancho Santa Margarita, CA 92688
Property Detail
Unit Detail
1990
Garden
301
Floors:
3
Rating:
3
Vacant Units
Ratio
100.0%
2.81%
CoStar PID: 1593548
Total Units:
Rent/SF
$2.16
356
eaves Santa Margarita
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.16
$1,515
220
14
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$1.90
$1,178
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
159
5.0%
Avg. SF
Rent/Unit
589
$1,433
Effective Rent
Rent/SF
Rent/Unit
$2.43
$1,433
Rent/SF
$2.43
Ratio
100.0%
100.0%
142
4.9%
960
$1,816
$1.89
$1,816
$1.89
301
4.98%
764
$1,614
$2.18
$1,614
$2.18 100.00%
15
Page 15
Rent Comps
126
Laguna Serrano Apartments
CoStar PID: 7768737
30001 Golden Lantern, Laguna Niguel, CA 92677
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1988
Garden
336
Floors:
2
Rating:
3
Vacant Units
0
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
48
0.0%
Avg. SF
Rent/Unit
703
$1,450
0.0%
937
$1,675
$1.79
$1,675
$1.79
100.0%
24
0.0%
1,147
$2,149
$1.87
$2,149
$1.87
100.0%
336
0.00%
919
$1,676
$1.83
$1,676
$1.83
99.99%
Rent/SF
$1.86
Ratio
97.0%
Total
25211 Stockport St, Laguna Hills, CA 92653
Subcategory:
Total Units:
Unit Detail
Garden
252
Floors:
2
Rating:
3
Vacant Units
6
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
120
3.3%
Avg. SF
Rent/Unit
742
$1,423
1.5%
1,080
$1,754
$1.62
$1,754
$1.62
100.0%
252
2.38%
919
$1,597
$1.76
$1,576
$1.74
98.65%
Rent/SF
$2.16
Ratio
100.0%
Saddleback Ranch Apartments
CoStar PID: 4066930
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1972
Garden
305
Floors:
2
Rating:
3
Vacant Units
6
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
240
1.7%
Avg. SF
Rent/Unit
685
$1,478
64
3.1%
1,010
$1,879
$1.86
$1,879
$1.86
100.0%
3+ Bedroom
1
0.0%
1,180
$2,300
$1.95
$2,300
$1.95
100.0%
305
1.97%
755
$1,564
$2.09
$1,564
$2.09 100.00%
Total
The Arbors
CoStar PID: 5786140
26356 Vintage Woods St, Lake Forest, CA 92630
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1986
Garden
328
Floors:
2
Rating:
3
Vacant Units
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
164
3.0%
Avg. SF
Rent/Unit
665
$1,500
3.7%
971
$1,818
$1.87
$1,797
$1.85
98.8%
818
$1,659
$2.06
$1,639
$2.04
98.81%
Rent/SF
$2.16
Ratio
100.0%
100.0%
11
21622 Marguerite Pky, Mission Viejo, CA 92692
Property Detail
Unit Detail
1986
Garden
608
Floors:
2
Rating:
3
Vacant Units
Ratio
98.8%
3.35%
CoStar PID: 7627326
Total Units:
Rent/SF
$2.23
328
Vista Del Lago Apartments
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.26
$1,482
164
81
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.16
$1,478
2 Bedroom
65
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$1.92
$1,380
132
24
Property Detail
Ratio
100.0%
264
CoStar PID: 7769376
1974
Rent/SF
$2.06
3+ Bedroom
Alicia Village
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.06
$1,449
2 Bedroom
131
Property Detail
17 December, 2014
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
288
4.5%
Avg. SF
Rent/Unit
700
$1,513
Effective Rent
Rent/SF
Rent/Unit
$2.16
$1,513
320
4.4%
981
$1,791
$1.83
$1,791
$1.83
608
4.44%
848
$1,659
$1.98
$1,659
$1.98 100.00%
27
Page 16
Rent Comps
142
Spring Lakes Apartment Homes
CoStar PID: 7770538
21641 Canada Rd, Lake Forest, CA 92630
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1988
Garden
180
Floors:
2
Rating:
3
Vacant Units
6
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
116
2.6%
2 Bedroom
Total
Avg. SF
Rent/Unit
652
$1,440
Subcategory:
980
$1,785
$1.82
$1,785
$1.82
768
$1,563
$2.07
$1,563
$2.07 100.00%
Total Units:
Unit Detail
Garden
230
Floors:
3
Rating:
3
Vacant Units
3
Asking Rent
# Units Vacancy
107
0.9%
2 Bedroom
Total
Avg. SF
Rent/Unit
669
$1,575
1.6%
1,090
$1,960
$1.80
$1,960
$1.80
100.0%
894
$1,781
$2.06
$1,781
$2.06
99.98%
Rent/SF
$2.23
Ratio
100.0%
100.0%
25092 Farthing St, Lake Forest, CA 92630
Subcategory:
Total Units:
Unit Detail
Garden
90
Floors:
2
Rating:
3
Vacant Units
1
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
42
2.4%
Avg. SF
Rent/Unit
713
$1,587
0.0%
1,050
$1,887
$1.80
$1,887
$1.80
90
1.11%
893
$1,747
$2.00
$1,747
$2.00 100.00%
Emerald Court Apartment Homes
CoStar PID: 7769487
21141 Canada Rd, Lake Forest, CA 92630
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1986
Garden
288
Floors:
2
Rating:
3
Vacant Units
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
176
4.5%
Avg. SF
Rent/Unit
656
$1,513
Ratio
97.0%
4.5%
1,030
$1,904
$1.85
$1,846
$1.79
97.0%
4.51%
802
$1,665
$2.13
$1,614
$2.06
96.97%
Rent/SF
$2.03
Ratio
100.0%
13
CoStar PID: 6405897
25392 Villa Real, Lake Forest, CA 92630
Property Detail
Total Units:
Rent/SF
$2.23
288
Serrano Highlands
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$2.30
$1,467
112
73
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.23
$1,587
48
133
Property Detail
Ratio
100.0%
1.30%
CoStar PID: 8025816
1973
Rent/SF
$2.35
230
Forest Glen
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.35
$1,575
123
162
Property Detail
100.0%
4.7%
28520 Wood Canyon Dr, Aliso Viejo, CA 92656
Bedrooms
1 Bedroom
Ratio
100.0%
3.33%
CoStar PID: 7770815
1993
Rent/SF
$2.21
64
Wood Canyon Villa Apartment Homes
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.21
$1,440
180
152
Property Detail
17 December, 2014
Unit Detail
1984
Garden
240
Floors:
2
Rating:
3
Vacant Units
1
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
96
0.0%
Avg. SF
Rent/Unit
768
$1,562
Effective Rent
Rent/SF
Rent/Unit
$2.03
$1,561
144
0.7%
1,027
$1,826
$1.78
$1,826
$1.78
100.0%
240
0.42%
923
$1,721
$1.88
$1,720
$1.88
99.99%
Page 17
Rent Comps
20
River Oaks
CoStar PID: 4066730
20702 El Toro Rd, Lake Forest, CA 92630
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1984
Garden
180
Floors:
2
Rating:
3
Vacant Units
1
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
104
1.0%
2 Bedroom
Total
Avg. SF
Rent/Unit
760
$1,399
Subcategory:
960
$1,699
$1.77
$1,699
$1.77
844
$1,526
$1.81
$1,526
$1.81 100.00%
Total Units:
Unit Detail
Garden
100.0%
0.0%
25162 Charlinda Dr, Mission Viejo, CA 92691
Bedrooms
Studio
Ratio
100.0%
0.56%
CoStar PID: 7761431
1977
Rent/SF
$1.84
76
Sycamore Lane
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$1.84
$1,399
180
95
Property Detail
17 December, 2014
Asking Rent
# Units Vacancy
48
0.0%
Avg. SF
Rent/Unit
500
$1,283
Effective Rent
Rent/SF
Rent/Unit
$2.57
$1,282
Rent/SF
$2.56
Ratio
100.0%
208
1 Bedroom
112
0.9%
720
$1,378
$1.91
$1,377
$1.91
100.0%
Floors:
2
2 Bedroom
48
4.2%
965
$1,688
$1.75
$1,687
$1.75
100.0%
Rating:
3
208
1.44%
726
$1,427
$2.03
$1,427
$2.02
99.97%
Vacant Units
3
Rent/SF
$2.27
Ratio
91.7%
Total
49
Seaview Summit Apartments
CoStar PID: 4314971
2 Calais St, Laguna Niguel, CA 92677
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1989
Garden
100
Floors:
2
Rating:
3
Vacant Units
7
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
48
6.3%
Avg. SF
Rent/Unit
770
$1,907
52
7.7%
1,260
$2,397
$1.90
$2,197
$1.74
91.7%
100
7.00%
1,025
$2,162
$2.18
$1,981
$2.00
91.66%
Rent/SF
$1.97
Ratio
100.0%
100.0%
170
Crestwood Apartments
CoStar PID: 8395882
21011 Osterman Rd, Lake Forest, CA 92630
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1989
Garden
Bedrooms
2 Bedroom
76
3+ Bedroom
Floors:
3
Rating:
3
Vacant Units
1
Total
Asking Rent
# Units Vacancy
26
3.8%
Avg. SF
Rent/Unit
925
$1,825
0.0%
1,200
$2,060
$1.72
$2,060
$1.72
76
1.32%
1,106
$1,980
$1.80
$1,980
$1.80 100.00%
Windridge Apartments
CoStar PID: 4067314
24922 Hidden Hills Rd, Laguna Niguel, CA 92677
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1986
Garden
Bedrooms
2 Bedroom
344
3+ Bedroom
Floors:
2
Rating:
3
Vacant Units
Total
Effective Rent
Rent/SF
Rent/Unit
$1.97
$1,825
50
29
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$2.48
$1,748
Asking Rent
# Units Vacancy
272
3.3%
Avg. SF
Rent/Unit
1,050
$1,780
Effective Rent
Rent/SF
Rent/Unit
$1.70
$1,780
Rent/SF
$1.70
Ratio
100.0%
100.0%
72
4.2%
1,246
$2,365
$1.90
$2,365
$1.90
344
3.49%
1,091
$1,902
$1.74
$1,902
$1.74 100.00%
12
Page 18
Rent Comps
39
Barcelona Resort Apartments
CoStar PID: 4164805
23592 Windsong, Aliso Viejo, CA 92656
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Floors:
Rating:
Vacant Units
Unit Detail
1990
Garden
590
2
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
110
1.8%
Avg. SF
Rent/Unit
895
$1,773
2.3%
1,238
$2,095
$1.69
$2,093
$1.69
99.9%
48
2.1%
1,396
$2,398
$1.72
$2,397
$1.72
100.0%
590
2.20%
1,187
$2,059
$1.75
$2,058
$1.75
99.96%
Rent/SF
$1.83
Ratio
94.0%
3
Total
13
24152 Hollyoak, Aliso Viejo, CA 92656
Property Detail
Unit Detail
1985
Garden
535
Floors:
3
Rating:
3
Vacant Units
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
335
7.8%
2 Bedroom
Total
Avg. SF
Rent/Unit
790
$1,539
8.0%
1,200
$2,041
$1.70
$1,918
$1.60
94.0%
535
7.85%
943
$1,727
$1.86
$1,622
$1.74
93.97%
Rent/SF
$1.69
Ratio
100.0%
42
Pointe Niguel
CoStar PID: 7761044
29781 Niguel Rd, Laguna Niguel, CA 92677
Property Detail
Subcategory:
Total Units:
Unit Detail
1987
Garden
324
Floors:
2
Rating:
3
Vacant Units
6
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
80
1.3%
Avg. SF
Rent/Unit
800
$1,354
2.0%
1,186
$1,869
$1.58
$1,869
$1.58
100.0%
324
1.85%
1,091
$1,741
$1.60
$1,741
$1.60
99.98%
Rent/SF
$1.89
Ratio
96.8%
Alicia Plaza
CoStar PID: 7761879
25212 Stockport St, Laguna Hills, CA 92653
Property Detail
Subcategory:
Total Units:
Unit Detail
1975
Garden
205
Floors:
2
Rating:
3
Vacant Units
4
Bedrooms
1 Bedroom
2 Bedroom
Total
Effective Rent
Rent/SF
Rent/Unit
$1.69
$1,353
244
105
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$1.95
$1,446
200
91
Built/Renovated:
Ratio
100.0%
432
CoStar PID: 7761873
Total Units:
Rent/SF
$1.98
3+ Bedroom
Aliso Creek Apartments
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$1.98
$1,772
2 Bedroom
100
Built/Renovated:
17 December, 2014
Asking Rent
# Units Vacancy
100
3.0%
Avg. SF
Rent/Unit
800
$1,563
Effective Rent
Rent/SF
Rent/Unit
$1.95
$1,512
105
1.0%
1,150
$1,740
$1.51
$1,740
$1.51
100.0%
205
1.95%
979
$1,653
$1.73
$1,629
$1.70
98.46%
Page 19
Rent Comps
17 December, 2014
1 & 2 STAR APARTMENT INVENTORY
Building Detail
Size
20-99 Units
100-199 Units
200+ Units
Total
# Buildings
6
3
1
10
Units
198
448
225
871
Asking Rent
Avg. SF/
Unit
802
888
981
892
Avg.
Vacancy
2.0%
1.1%
7.6%
3.0%
Avg. Age
41
33
44
39
Rent/Unit
$1,582
$1,534
$1,659
$1,577
Rent/SF
$1.99
$1.76
$1.70
$1.80
Effective Rent
Rent/Unit
$1,555
$1,522
$1,659
$1,565
Rent/SF
$1.96
$1.74
$1.70
$1.78
Rent
Ratio
98.0%
99.0%
100.0%
98.6%
Unit Type Summary
Unit Detail
Unit Type
Studio
1 Bedroom
2 Bedroom
3+ Bedroom
Units
Total
3
458
382
28
871
Asking Rent
400
0.0%
745
3.7%
1,059
2.4%
1,088
0.0%
892
3.0%
Rent/Unit
$1,057
$1,540
$1,623
$1,613
$1,577
Rent/SF
$2.11
$1.90
$1.67
$1.73
$1.80
Effective Rent
Rent/Unit
$1,025
$1,524
$1,615
$1,613
$1,565
Rent/SF
$2.04
$1.88
$1.66
$1.73
$1.78
Rent
Ratio
96.9%
98.3%
98.6%
100.0%
98.6%
Page 20
Rent Comps
63
Pacific Shore Apartments
CoStar PID: 5439490
101 W Marquita, San Clemente, CA 92672
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1972
Garden
30
Floors:
2
Rating:
2
Vacant Units
1
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
28
3.6%
2 Bedroom
Total
Avg. SF
Rent/Unit
500
$1,385
Subcategory:
800
$1,385
$1.73
$1,385
$1.73
520
$1,385
$2.70
$1,385
$2.70 100.00%
Total Units:
Unit Detail
Garden
26
Floors:
3
Rating:
2
Vacant Units
0
2 Bedroom
Total
Asking Rent
# Units Vacancy
11
0.0%
Avg. SF
Rent/Unit
1,100
$2,784
0.0%
1,600
$3,353
$2.10
$3,252
$2.03
97.0%
1,388
$3,112
$2.28
$3,018
$2.21
96.99%
Rent/SF
$1.93
Ratio
100.0%
100.0%
23251 Los Alisos Blvd, Lake Forest, CA 92630
Subcategory:
Total Units:
Unit Detail
Garden
140
Floors:
2
Rating:
2
Vacant Units
2
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
92
2.2%
Avg. SF
Rent/Unit
780
$1,505
48
0.0%
1,140
$1,730
$1.52
$1,730
$1.52
1.43%
903
$1,582
$1.79
$1,582
$1.79 100.00%
Alicia Viejo Apartment Homes
CoStar PID: 7761100
23842 Alicia Pkwy, Mission Viejo, CA 92691
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1987
Garden
120
Floors:
2
Rating:
2
Vacant Units
3
Bedrooms
1 Bedroom
2 Bedroom
Total
Asking Rent
# Units Vacancy
80
2.5%
Avg. SF
Rent/Unit
704
$1,396
2.5%
1,010
$1,803
$1.79
$1,748
$1.73
96.9%
806
$1,532
$1.92
$1,485
$1.86
96.97%
Rent/SF
$1.98
Ratio
100.0%
100.0%
27507 Bellogente, Mission Viejo, CA 92691
Subcategory:
Total Units:
Unit Detail
Garden
Bedrooms
2 Bedroom
64
3+ Bedroom
Floors:
2
Rating:
2
Vacant Units
1
Total
Ratio
97.0%
2.50%
CoStar PID: 8020488
1983
Rent/SF
$1.92
40
Bellogente Garden Apartments
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$1.98
$1,354
120
160
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$1.93
$1,505
140
93
Property Detail
Ratio
97.0%
0.00%
CoStar PID: 7748195
1978
Rent/SF
$2.45
26
Eaves Los Alisos
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.53
$2,700
15
89
Property Detail
100.0%
0.0%
330 Cliff Dr, Laguna Beach, CA 92651
Bedrooms
1 Bedroom
Ratio
100.0%
3.33%
CoStar PID: 8032687
1959
Rent/SF
$2.77
2
330 Cliff Drive
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$2.77
$1,385
30
164
Property Detail
17 December, 2014
Asking Rent
# Units Vacancy
48
2.1%
Avg. SF
Rent/Unit
770
$1,522
Effective Rent
Rent/SF
Rent/Unit
$1.98
$1,522
16
0.0%
978
$1,746
$1.79
$1,746
$1.79
64
1.56%
822
$1,578
$1.93
$1,578
$1.93 100.00%
Page 21
Rent Comps
3
Forest Villas Apartments
CoStar PID: 630069
23442 Packer Pl, Lake Forest, CA 92630
Property Detail
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1977
Garden
20
Floors:
2
Rating:
2
Vacant Units
0
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
12
0.0%
2 Bedroom
Total
Avg. SF
Rent/Unit
813
$1,339
Subcategory:
936
$1,339
$1.43
$1,339
$1.43
862
$1,339
$1.56
$1,339
$1.56 100.00%
Total Units:
Unit Detail
Garden
225
Floors:
3
Rating:
2
Vacant Units
Asking Rent
# Units Vacancy
113
8.8%
Avg. SF
Rent/Unit
799
$1,416
7.0%
1,156
$1,886
$1.63
$1,886
$1.63
100.0%
12
0.0%
1,234
$2,050
$1.66
$2,050
$1.66
100.0%
225
7.56%
981
$1,659
$1.70
$1,659
$1.70 100.00%
Total
17
3501 S El Camino Real, San Clemente, CA 92672
Property Detail
Unit Detail
1977
Garden
33
Floors:
2
Rating:
2
Vacant Units
1
Bedrooms
1 Bedroom
Asking Rent
# Units Vacancy
32
3.1%
2 Bedroom
Total
Avg. SF
Rent/Unit
640
$1,111
0.0%
650
$1,111
$1.71
$1,044
$1.61
94.0%
640
$1,111
$1.74
$1,044
$1.63
93.97%
Rent/SF
$2.04
Ratio
96.9%
211 W Marquita, San Clemente, CA 92672
Subcategory:
Total Units:
Unit Detail
Garden
25
Floors:
2
Rating:
2
Vacant Units
1
Bedrooms
Studio
1 Bedroom
Total
Asking Rent
# Units Vacancy
3
0.0%
Avg. SF
Rent/Unit
400
$843
4.5%
675
$1,086
$1.61
$1,053
$1.56
97.0%
25
4.00%
642
$1,057
$1.67
$1,025
$1.62
96.94%
Rent/SF
$1.75
Ratio
100.0%
100.0%
Timbers El Toro Apartments
CoStar PID: 7762171
23333 Ridge Route Dr, Lake Forest, CA 92630
Built/Renovated:
Subcategory:
Total Units:
Unit Detail
1979
Garden
188
Floors:
2
Rating:
2
Vacant Units
0
Bedrooms
1 Bedroom
2 Bedroom
Total
Effective Rent
Rent/SF
Rent/Unit
$2.11
$817
22
110
Property Detail
Ratio
94.0%
3.03%
CoStar PID: 84353
1971
Rent/SF
$1.63
1
Villa Marquita
Property Detail
Effective Rent
Rent/SF
Rent/Unit
$1.74
$1,044
33
1
Built/Renovated:
Ratio
100.0%
100
CoStar PID: 5012695
Total Units:
Rent/SF
$1.77
3+ Bedroom
Meadowlark Apartments
Subcategory:
Effective Rent
Rent/SF
Rent/Unit
$1.77
$1,416
2 Bedroom
61
Built/Renovated:
100.0%
0.0%
22700 Lake Forest Dr, Lake Forest, CA 92630
Bedrooms
1 Bedroom
Ratio
100.0%
0.00%
CoStar PID: 651389
1970
Rent/SF
$1.65
8
Eaves Lake Forest
Built/Renovated:
Effective Rent
Rent/SF
Rent/Unit
$1.65
$1,339
20
5
Property Detail
17 December, 2014
Asking Rent
# Units Vacancy
68
0.0%
Avg. SF
Rent/Unit
760
$1,330
Effective Rent
Rent/SF
Rent/Unit
$1.75
$1,330
120
0.0%
1,025
$1,596
$1.56
$1,596
$1.56
188
0.00%
929
$1,500
$1.63
$1,500
$1.63 100.00%
Page 22
30 December, 2014
2014Q3
Orange County
Apartment Market Performance
2-PAGER
Current Quarter
Market
National
Units
215,834
11,701,277
Vacancy
2.9%
4.1%
Net Absorption
1,930
57,554
Net Deliveries
1,166
41,534
Rent
$1,647
$1,360
Effective Rent
$1,647
$1,343
Concessions
0.0%
1.2%
Annual Trends
Y/Y Change
Hist. Avg.
Slice Inventory (National=1)
Forecast Relative Growth
(National=1)
0.9
0.9
1.0
Demand
Supply
Rent
For. Avg.
Peak
When
Trough
When
Vacancy
-0.4%
4.9%
3.7%
8.0%
2009 Q2
2.9%
2014 Q3
Demand
2,576
2,088
2,583
8,082
2010 Q2
(520)
2007 Q4
Supply
1,845
2,172
2,983
6,600
2009 Q4
125
2013 Q1
Rent
2.3%
2.8%
2.0%
8.2%
2000 Q4
-5.9%
2009 Q4
Effective Rent
0.0%
2.6%
1.8%
7.4%
2001 Q1
-8.7%
2009 Q3
Sales
$2,069
$969
n/a
$2,246
2014 Q2
$418
2010 Q2
All square foot values are in thousands, units for apartment are actual, and all sales volume values are in millions.
Submarket Vacancy Rates
Orange County has come to the end of its bull run in the apartment market. While the economy continues to add jobs and residents at a healthy
clip, fundamentals are being weakened from the supply side as developers begin to overplay their hand. The imbalance is becoming especially
acute at the upper end of the quality spectrum and near the airport, where the bulk of the cycle’s projects will be delivered. While vacancies are
expected to unwind, they should maintain a steady upward movement into the high 3% range.
Page 1
30 December, 2014
2014Q3
Orange County
Rent
Asking Rent
Change Y/Y
Vs. Hist. Peak
2006
$1,494
5.2%
-9.2%
2007
$1,537
2.9%
-6.6%
2008
$1,528
-0.6%
-7.2%
2009
$1,438
-5.9%
-12.7%
2010
$1,443
0.3%
-12.4%
2011
$1,499
3.9%
-9.0%
2012
$1,563
4.3%
-5.1%
2013
$1,619
3.5%
-1.7%
2014
$1,659
2.5%
0.7%
2015
$1,685
1.6%
2.3%
2016
$1,715
1.8%
4.1%
2017
$1,752
2.2%
6.4%
2018
$1,789
2.1%
8.6%
2019
$1,816
1.5%
10.3%
Fundamentals
Vacancy
Demand
Supply
2006
4.5%
1,017
1,766
2007
5.2%
(520)
817
2008
6.3%
1,364
3,736
2009
7.1%
4,487
6,600
2010
5.3%
4,579
833
2011
4.8%
1,274
319
2012
3.9%
3,648
1,802
2013
3.4%
3,361
2,397
2014
3.2%
3,493
3,303
2015
3.8%
2,792
4,172
2016
3.7%
2,675
2,434
2017
3.7%
2,377
2,502
2018
3.8%
2,033
2,439
2019
4.0%
1,851
2,443
Sales
Volume
$/Unit
Turnover
# Trades
Average
$1,018
$146,821
3.3%
196
2002
$651
$91,429
3.7%
358
2003
$1,102
$109,864
5.4%
353
2004
$1,115
$141,136
4.3%
279
2005
$744
$152,778
3.4%
193
2006
$1,167
$159,745
3.5%
137
2007
$1,597
$162,500
4.1%
152
2008
$594
$157,656
1.7%
130
2009
$559
$140,562
2.0%
108
2010
$943
$137,880
3.0%
126
2011
$699
$156,250
2.0%
149
2012
$1,126
$155,000
3.6%
199
2013
$1,185
$164,583
2.7%
201
2014
$1,754
$179,289
3.5%
167
Page 2
30 December, 2014
2014Q3
Orange County
ECONOMIC OVERVIEW
Current Value
Employment Trends
NAICS Category
Manufacturing
Trade, Transportation and Utilities
Retail Trade
Wholesale Trade
Transportation, Warehouse, Utilities
Financial Activities
Government
Natural Resources, Mining and Construction
Education and Health Services
Professional and Business Services
Information
Leisure and Hospitality
Other Services
Total Employment
October, 2014
Location
Employment Quotient
156
1.20
257
0.91
147
0.89
81
1.28
29
0.52
109
1.28
150
0.64
88
1.17
192
0.83
273
1.32
26
0.92
194
1.23
47
0.80
1,491
1.00
Annual Growth Rates
Current
October, 2014
Metro
-1.0%
1.4%
0.9%
1.1%
5.4%
-2.9%
1.5%
10.0%
4.6%
2.3%
3.2%
2.1%
2.6%
2.0%
U.S
1.5%
2.1%
1.7%
2.1%
3.2%
1.1%
0.3%
4.0%
2.0%
3.6%
0.0%
2.7%
0.9%
2.0%
Past Decade
2004-13
Metro
-1.4%
-0.4%
-0.4%
-0.2%
-0.5%
-1.3%
-0.3%
-0.8%
3.3%
0.5%
-2.9%
1.7%
-0.2%
0.2%
U.S.
-1.7%
0.3%
0.2%
0.3%
0.7%
-0.2%
0.1%
-0.9%
2.3%
1.6%
-1.6%
1.6%
0.1%
0.5%
Forecast
2015-19
Metro
0.0%
0.9%
1.0%
-0.4%
-0.2%
1.3%
0.4%
0.5%
2.4%
2.3%
1.7%
1.7%
0.2%
1.3%
U.S.
-0.1%
0.6%
0.5%
0.5%
0.8%
1.1%
0.5%
2.0%
1.9%
2.8%
1.4%
2.2%
1.1%
1.3%
Orange County’s economic recovery continues to move forward. The metro has now added 125,000 jobs, and its unemployment rate has
come down significantly since the trough of the last cycle. So far, no one industry appears to be behind the recovery; rather, small contributions
are being made by many sectors of the economy. This is a widespread recovery, and one with legs.
A rash of recent layoffs could stunt job growth in the near term. These include announcements from Powerwave Technologies (182 job
cuts) and Fisker Automotive (160), while Conexant Systems has filed for bankruptcy. More recently, Allergan announced layoffs of 1,500 in
Southern California, the majority (650) performing R&D functions in Irvine. These are the natural growing pains of an entrepreneurial economy,
a fact of life in Orange County. They are offset by hiring from other local companies in the life sciences, banking, and technology sectors,
among others. On the bright side the ever-fickle mortgage and lending sector is seeing some light, as Stonegate Mortgage of Indianapolis is
scheduled to make 175 new hires in the county after acquiring Crossline Capital Inc. last year.
The professional and business services sector will lead the metro over the forecast. High-value office work is what this metro does best.
While it is not yet clear what segment of the industry will drive the economy over the next cycle, the metro’s heavy concentration of highly
educated workers will undoubtedly carry the industry to the forefront of the next big thing, just like it has done in past cycles.
Current Value
Demographic Trends
October, 2014
Population
Metro
3,146
U.S.
319,110
Annual Growth Rates
Current
October, 2014
Metro
0.8%
U.S.
0.8%
Past Decade
2004-13
Metro
0.6%
U.S.
0.9%
Forecast
2015-19
Metro
0.9%
U.S.
0.9%
Page 3
30 December, 2014
2014Q3
Orange County
Households
Median Household Income
Labor Force
Unemployment
1,034
$74,693
1,629
5.0%
121,587
$54,091
156,278
5.8%
1.0%
2.9%
1.2%
5.4%
1.0%
2.8%
1.1%
6.4%
0.6%
1.6%
0.3%
6.1%
1.0%
1.9%
0.5%
6.9%
1.1%
3.7%
1.0%
4.9%
1.1%
3.5%
0.9%
5.4%
Page 4
30 December, 2014
2014Q3
Orange County
FUNDAMENTALS
Historical Peak and Trough
Demand
Supply
Peak
4.3%
3.3%
When
Trough
2010 Q2
-0.3%
2009 Q4
0.1%
History
Vacancy
National Vacancy
% Points Difference From National
Forecast
Vacancy
National Vacancy
% Points Difference From National
Relative
When Volatility (National=1)
2007 Q4
1.14
2013 Q1
1.17
2006
4.5%
6.0%
-1.4%
2007
5.2%
6.5%
-1.3%
2014
3.2%
4.5%
-1.2%
2008
6.3%
6.9%
-0.7%
2015
3.8%
5.1%
-1.3%
Average Annual
Historical
Forecast
Metro
National
Metro
National
1.1%
1.4%
1.2%
1.3%
1.1%
1.3%
1.4%
1.5%
2009
7.1%
7.3%
-0.2%
2016
3.7%
5.3%
-1.6%
2010
5.3%
5.9%
-0.7%
2017
3.7%
5.4%
-1.8%
2011
4.8%
5.1%
-0.3%
2018
3.8%
5.5%
-1.7%
2012
3.9%
4.4%
-0.5%
2019
4.0%
5.6%
-1.6%
2013
3.4%
4.2%
-0.8%
Average
3.7%
5.2%
-1.5%
Supply is back and will weigh on fundamentals. With the recovery now relegated to the history books, the market is entering into a new
cycle of rising vacancies. This one is being driven not by flagging demand but by excessive supply. Keep in mind, though, that vacancies will
rise but in a tempered fashion as demand works to keep things amicable. While the bulk of rent growth has passed, the metro will still see
positive growth, and most assets should continue to post positive growth over the forecast period, albeit at a slower pace. The exceptions will
be areas near the airport, where demand may fall significantly behind supply. In these places, rents are likely to stagnate or even roll backwards
for the next few years.
Page 5
30 December, 2014
2014Q3
Orange County
Forecast Vacancy Change
Stock
ID
Submarket
1
Huntington Beach/Seal Beach
2
Tustin
3
North County
4
Anaheim
5
Central OC East of I-5
6
Units
%
Metro
Current
Hist.
Avg.
Hist.
Peak
Hist.
Trough
Forecast
End
Forecast Change (PPTs)
5.5%
2.3%
4.2%
5.7%
2.3%
3.2%
0.9
9,732
4.5%
2.3%
4.1%
7.4%
2.3%
3.2%
0.9
33,545
15.5%
2.5%
4.6%
7.0%
2.5%
3.5%
1.0
33,167
15.4%
2.6%
4.5%
7.1%
2.5%
3.6%
1.0
7,536
3.5%
2.6%
4.6%
7.5%
2.4%
3.7%
1.0
Costa Mesa
16,326
7.6%
2.8%
4.6%
8.9%
2.7%
3.9%
1.1
7
Irvine
32,810
15.2%
2.9%
6.3%
12.0%
2.9%
4.1%
1.1
8
Central OC West of I-5
33,054
15.3%
3.0%
4.5%
7.3%
2.5%
4.2%
1.2
9
Newport Beach
8,391
3.9%
3.7%
5.1%
7.5%
3.6%
5.1%
1.4
10
South County
24,555
11.4%
3.9%
5.5%
9.3%
3.1%
5.4%
1.5
11,895
Vacancy
Page 6
30 December, 2014
2014Q3
Orange County
DEMAND
History
Net Absorption
National
Metro % National Net Absorption
Forecast
Net Absorption
National Net Absorption
Metro % National Net Absorption
2006
1,017
117,678
0.9%
2007
(520)
108,639
-0.5%
2014
3,493
176,430
2.0%
2008
1,364
128,867
1.1%
2015
2,792
162,802
1.7%
2009
4,487
101,636
4.4%
2016
2,675
143,862
1.9%
2010
4,579
228,582
2.0%
2017
2,377
131,191
1.8%
2011
1,274
133,045
1.0%
2018
2,033
124,338
1.6%
2012
3,648
162,261
2.2%
2019
1,851
122,945
1.5%
2013
3,361
176,214
1.9%
Average
2,537
143,595
1.8%
Forecast demand will be bolstered by a nice combination of economic growth and demographics. The concentration of jobs in
technology, R&D, and other knowledge-intensive sectors helps the metro economically outperform its Southern California neighbors, and is a
key driver for apartment demand. Furthermore, over the next five years, Orange County is expected to add about 32,000 residents in the key
apartment-renting demographic as a surge of Echo Boomers graduate from college and seek housing. The combination of these two factors
underlies the solid demand story for this metro.
Where the jobs are. Demand continues to disproportionately flow to the Irvine area, the economic heart of the metro. Over the past year it has
absorbed over 2,000 units, 75% of the metrowide total. This submarket contains some of the priciest units in the metro, but it is also the most
proximate to the highest-paying job centers. The upshot is that Orange County will have to keep its foot on the job-growth accelerator if it is
going to be able to match the delivery schedule for this part of the metro. And not just any jobs, but high-paying jobs. Developers are ostensibly
latching on to the correct engine of demand by locating here, but should the economy cool off a bit, they face a real risk of overbuilding.
Page 7
30 December, 2014
2014Q3
Orange County
Forecast Net Absorption as % of Inventory
Stock
ID Submarket
1 Huntington Beach/Seal Beach
2 Tustin
Units
Annual Net Absorption
%
Past
Metro Year
11,895
5.5%
9,732
Fair
Hist.
Fair
Forecast
Share* Avg. Share* Average
Fair
Share*
Forecast % of
Inventory
307
1.4
30
-0.8
450
2.5 19.8%
-1.2
12
-0.9
258
1.5 14.9%
3.7 1,296
5.0
761
1.0 12.9%
4.5%
(2)
3 Irvine
32,810 15.2%
1,539
4 South County
24,555 11.4%
107
-0.8
203
-0.2
339
0.2
7.2%
5 Anaheim
33,167 15.4%
(47)
-1.3
198
-0.4
271
-0.3
4.9%
6 Newport Beach
8,391
3.9%
38
-0.8
15
-0.9
58
-0.5
4.7%
7 Costa Mesa
16,326
7.6%
101
-0.6
61
-0.7
127
-0.4
4.3%
8 Central OC West of I-5
33,054 15.3%
184
-0.6
73
-0.8
200
-0.6
3.8%
3.5%
(14)
-1.4
14
-0.9
42
-0.6
3.5%
33,545 15.5%
293
-0.3
87
-0.8
61
-1.0
0.8%
9 Central OC East of I-5
10 North County
7,536
*Excess (shortfall) based on pro rata share of parent geography inventory, expressed as a percentage child geography inventory.
Page 8
30 December, 2014
2014Q3
Orange County
SUPPLY
History
2006
Stock Change
National Deliveries
Metro % National
Forecast
Stock Change
National Net Deliveries
Metro % National
Building Name
2007
1,766
139,328
1.3%
2008
2009
2010
2011
3,736
192,575
1.9%
6,600
155,751
4.2%
2014
2015
2016
2017
2018
2019
3,303
220,024
1.5%
4,172
251,395
1.7%
2,434
178,784
1.4%
2,502
155,231
1.6%
2,439
144,272
1.7%
2,443
138,841
1.8%
Address
833
78,103
1.1%
2012
817
171,137
0.5%
319
45,983
0.7%
CoStar ID Submarket
2013
1,802
83,962
2.1%
Deliv.
Year
2,397
154,648
1.5%
Average
2,882
181,424
1.6%
Units
Recently Delivered
28601 Los Alisos Blvd
8154535
The Marke
100 E Macarthur Blvd
8335202
Birch Hills Apartments
255 S Kraemer Blvd
8140369
Cotton's Point Senior Apartments
2358 S El Camino Real
9471931
Cobblestone Apartments
14051 Hope St
9380760
Waterstone Apartments
12662 Dale St
9305760
Orange County - South County
Orange County - Central OC West
of I-5
Orange County - North County
2014
320
2014
300
2013
115
of I-5
of I-5
2014
76
2014
34
2014
25
2015
553
2015
516
2015
487
2015
485
Under Construction
Tustin Legacy Apartments
Tustin Ranch Rd
8949196
Pacific City Apartments
21002 Pacific Coast Hwy
5786814
Boardwalk by Windsor
7441 Edinger Ave
8874767
Avella
6500 Roosevelt
9457993
Orange County - Tustin
Orange County - Huntington
Beach/Seal Beach
Beach/Seal Beach
Orange County - Irvine
Avalon Baker Ranch
1000 Lupine
9424052
2014
430
Platinum Gateway Phase II
2100 E Orangewood Ave
8962899
2016
395
Archstone Huntington Beach Lofts
7302 Center Ave
8923415
2015
384
Modera Crown Valley
25891 Crown Valley Pky
9193273
2015
284
Elan Huntington Beach
18502 Huntington Beach Blvd
9336583
2015
270
Adagio on the Green
26330 Oso Pky
9416711
Orange County - Anaheim
Beach/Seal Beach
Beach/Seal Beach
2015
256
Anton Legacy
3100 Park Ave
9421424
Orange County - Tustin
2015
225
Azulon at Mesa Verde
1500 Mesa Verde
8874740
Orange County - Costa Mesa
2014
215
Millikan
16931 Millikan Ave
8424084
2016
189
Arroyo at Baker Ranch
100 Indigo
9473185
2015
189
Modera Irvine
2850 Kelvin Ave
9355213
2014
187
Career Lofts
28150 Cabot Rd
9193290
2015
142
Blue Sol
421 Bernard St
9089203
2014
113
Oceana Apartments
18151 Beach Blvd
9378391
2015
78
Covington
18036 Yorba Linda
9430248
Orange County - Costa Mesa
Beach/Seal Beach
Orange County - North County
2015
51
*Up to the top 15 under construction (may not represent all construction activity) and recently delivered projects.
Enthusiasm for development is red-hot, and developers are following demand right to Irvine. The Irvine Company is coming on strong with
over 1,800 units in three of its biggest projects. While it is not the only player in town, it’s a major driver of new supply. Areas close to the airport
are getting most of the attention, and over half of the new projects, and the majority of units are being delivered by the Irvine Co. Supply has
also found its way to coastal areas like Huntington Beach, and while the wave is not as large as in Irvine, the submarket is significantly smaller,
so the effect on fundamentals is expected to be stronger.
Page 9
30 December, 2014
2014Q3
Orange County
Forecast Net Deliveries as % of Inventory
Stock
ID Group
Units
Annual Net Deliveries
Forecast Total
Historic
Avg
Forecast % of Inventory
% Metro Past Year
Fore. Avg
1 North County
33,545
15.5%
0
70
91
1.6%
33,054
15.3%
359
62
285
4.6%
7,536
3.5%
0
0
58
4.7%
4 Newport Beach
8,391
3.9%
0
14
68
4.9%
5 Costa Mesa
16,326
7.6%
0
65
147
5.4%
6 Anaheim
33,167
15.4%
0
181
347
6.2%
7 South County
24,555
11.4%
320
219
442
9.4%
8 Irvine
32,810
15.2%
1,166
1,328
774 13.6%
9 Tustin
9,732
4.5%
0
7
281 16.4%
11,895
5.5%
0
34
438 20.8%
*Excess (shortfall) based on pro rata share of parent geography inventory, expressed as a percentage of child geography inventory.
Page 10
30 December, 2014
2014Q3
Orange County
RENTS
History
Rent Growth
National Rent Growth
Asking Rent
Effective Rent
Concessions
Natonal Rent
National Effective Rent
Metro % National
Forecast
Rent Growth Y/Y
PPR54 Rent Growth
Asking Rent
Effective Rent
PPR54 Asking Rent
PPR54 Effective Rent
Metro % PPR54
2006
5.2%
3.3%
$1,494
$1,464
2.0%
$1,211
$1,168
123.4%
2007
2.9%
3.4%
$1,537
$1,491
3.1%
$1,252
$1,199
122.8%
2014
2.5%
2.6%
$1,659
$1,659
$1,367
$1,346
121.3%
2008
-0.6%
0.2%
$1,528
$1,467
4.2%
$1,255
$1,194
121.8%
2015
1.6%
1.9%
$1,685
$1,668
$1,394
$1,364
120.9%
2009
-5.9%
-4.6%
$1,438
$1,366
5.3%
$1,198
$1,134
120.1%
2016
1.8%
1.8%
$1,715
$1,698
$1,419
$1,387
120.8%
2010
0.3%
0.7%
$1,443
$1,399
3.1%
$1,206
$1,167
119.6%
2017
2.2%
2.0%
$1,752
$1,735
$1,448
$1,411
121.0%
2011
3.9%
3.8%
$1,499
$1,469
2.0%
$1,251
$1,221
119.8%
2018
2.1%
2.0%
$1,789
$1,771
$1,477
$1,437
121.1%
2012
4.3%
3.6%
$1,563
$1,547
1.0%
$1,297
$1,277
120.5%
2019
1.5%
1.8%
$1,816
$1,798
$1,504
$1,463
120.7%
2013
3.5%
2.8%
$1,619
$1,619
0.0%
$1,333
$1,316
121.5%
Average
1.9%
2.0%
$1,736
$1,721
$1,435
$1,401
121.0%
Rent Growth
Rent growth is taking its foot off the gas. Vacancies are at cycle lows, and supply is coming on strong, meaning the strongest days of rent
growth here are in the past. The best years for growth were between 2011–12, when gains averaged 4.7% per year. Over the forecast, Orange
County rent growth will be on par with the national major markets average. While things are slowing down here the metro as a whole is
relatively strong, meaning the variance in rent growth between Orange County submarkets is small. Cumulative growth in all submarkets is
expected to range between 8% and 11%. While Irvine is expected to get outsized supply, drivers there are good, and the Irvine Company is
more than likely to maintain generally favorable conditions.
Page 11
30 December, 2014
2014Q3
Orange County
Average Annual Forecast Asking Rent Change
Stock
Rent
Annual Rent Growth
%
Metro
Current
9,732
4.5%
$1,567
$1,567
$1,740
2.1%
2.5%
7.5%
2.1%
11,895
5.5%
$1,609
$1,610
$1,777
3.1%
2.5%
7.2%
2.1%
7,536
3.5%
$1,496
$1,496
$1,655
2.8%
2.5%
8.4%
2.1%
4 Anaheim
33,167
15.4%
$1,421
$1,421
$1,573
2.6%
2.6%
7.7%
2.0%
5 Irvine
32,810
15.2%
$2,083
$2,083
$2,306
1.0%
2.3%
9.7%
2.0%
33,054
15.3%
$1,483
$1,483
$1,630
3.2%
2.7%
7.2%
1.9%
7 Costa Mesa
16,326
7.6%
$1,694
$1,694
$1,868
2.1%
2.5%
6.9%
1.9%
8 South County
24,555
11.4%
$1,730
$1,730
$1,898
1.9%
2.5%
10.4%
1.9%
9 North County
33,545
15.5%
$1,447
$1,447
$1,584
3.1%
2.7%
7.1%
1.9%
8,391
3.9%
$2,309
$2,309
$2,497
2.0%
2.5%
8.5%
1.7%
ID Submarket
Units
1 Tustin
10 Newport Beach
Peak
Forecast
Past
Year
Hist.
Avg
Peak
Forecast Change
Page 12
30 December, 2014
2014Q3
Orange County
EXPENSES
Structual
Market
Management
Admin.
Payroll
Water
Maintenance Appliance
Structual
Other
Total
Orange County
$1.91
$3.29
$0.61
$0.36
$2.16
Suburban
$1.91
$3.29
$0.61
$0.36
$2.16
$0.07
$0.95
$0.51
$9.86
$0.07
$0.95
$0.51
$9.86
Orange County
$1.95
$2.65
$0.60
$0.38
Suburban
$1.95
$2.65
$0.60
$0.38
$1.90
$0.10
$0.73
$0.76
$9.07
$1.90
$0.10
$0.73
$0.76
$9.07
Orange County
$1.03
$1.47
$0.63
$0.36
$1.43
$0.06
$0.62
$0.46
$6.06
Suburban
$1.03
$1.47
$0.63
$0.36
$1.43
$0.06
$0.62
$0.46
$6.06
4 & 5 Star
3 Star
1 & 2 Star
* Expenses are estimated using NCREIF, Trepp, IREM, and CoStar data using the narrowest possible geographical definition from Zip code to region.
Page 13
30 December, 2014
2014Q3
Orange County
SALES
Sales Volume by Price
2008
Sales Volume
National Sales Volume
Metro % National
Sales Volume by Units
$594
$33,803
2%
2008
Sales Volume
National Sales Volume
Metro % National
3,346
477,008
1%
2009
$559
$16,548
3%
2009
4,078
311,915
1%
2010
$943
$30,652
3%
2010
6,305
472,832
1%
2011
$699
$48,543
1%
2011
4,142
673,932
1%
2012
$1,126
$65,275
2%
2012
7,535
825,576
1%
2013
$1,185
$86,137
1%
2013
5,828
874,042
1%
YTD
$1,754
$84,966
2%
YTD
7,550
810,743
1%
Median Pricing
2008
2009
2010
2011
2012
2013
YTD
Median Pricing
National Median Pricing
Metro % National
Median Cap Rate
National Median Cap Rate
$157,656
$95,000
166.0%
5.5%
6.2%
$140,562
$76,667
183.3%
6.5%
7.0%
$137,881
$74,851
184.2%
6.2%
7.0%
$156,250
$82,031
190.5%
6.1%
6.7%
$155,000
$92,500
167.6%
5.9%
6.5%
$164,583
$100,000
164.6%
5.5%
6.2%
$179,289
$112,500
159.4%
5.0%
6.0%
Average
$980
$52,275
2%
Average
5,541
635,150
1%
Average
$155,889
$90,507
173.6%
5.8%
6.5%
Dollar volume in millions; median pricing in $/unit.
The OC is reaching new peaks. The majority of assets changing hands in the OC are 3 Star: More 2 and 3 Star communities are selling now
than in the past few years. Within the metro both pricing and transaction volumes are reaching new highs, which shows through in repeat sales.
When aggregated into an index, these surpassed prior peaks in 2013 and have continued to rocket upwards. Even more telling than price is the
behavior of cap rates. Aggregate cap rates dropped below 5.5%, making Orange County one of the priciest markets in the nation. This is a
clear indication that investors still want to buy here—if they can find someone willing to sell. As an aside, in early 2014 Essex Property Trust
acquired BRE Properties. The trade included a number of Orange County properties, but given the scope and magnitude of the acquisition,
these figures may not be the best representation of the market.
A run on older assets hints at investors’ concerns with oversupply at the high end of the market. The supply spigot is wide open in
Orange County, and thousands of new units are on their way. It is probably no coincidence that investors are shying away from existing 4 & 5
Star communities, especially those with amenities inferior to the new stuff. In 2013, total investment volume for 100-plus unit properties
constructed prior to 1990 was $560 million, compared to just $44 million for properties built after 1990. One interpretation is that buyers prefer
to play in the older, more established parts of the metro, where the tenant base includes many renters by necessity who aren’t likely to decamp
to the newest and greatest product. Those communities, built to the luxury standards of the 1990s and 2000s, aren’t finding many takers today.
Page 14
30 December, 2014
2014Q3
Orange County
Last 12 Months Inventory Turnover vs. Historical Average
Annual Sales Volume
ID Submarket
Past Year
Annual Inventory Turnover
Hist. Avg.
Past Year
Hist. Avg.
Difference (PPTs)
$569
$75
7.1%
1.7%
5.4%
2 South County
$320
$54
5.0%
1.1%
3.9%
3 Anaheim
$291
$61
4.6%
1.4%
3.2%
4 Costa Mesa
$157
$23
3.6%
1.0%
2.6%
5 North County
$223
$62
3.2%
1.4%
1.8%
$34
$15
2.4%
1.4%
1.0%
$144
$8
0.7%
0.1%
0.6%
8 Newport Beach
$21
$9
0.9%
0.7%
0.2%
$34
$31
1.4%
1.5%
0.0%
10 Tustin
$20
$10
0.9%
1.4%
-0.5%
7 Irvine
Page 15
30 December, 2014
2014Q3
Orange County
Recent Transactions
ID Property
Date
Price
Size
$/Unit
Built
1
Villa de Hacienda
7/14/2014
$16,480,000
70
$235,429
1968
2
Coast Apartments
6/19/2014
$15,500,000
66
$234,848
1968
3
Costa Mirage
5/20/2014
$12,900,000
62
$208,065
1972
4
Sullivan Manor
5/23/2014
$12,000,000
54
$222,222
1982
5
Cobblestone Apartments
7/10/2014
$10,950,000
34
$322,059
2014
6
Fairway Villas
8/19/2014
$10,800,000
32
$337,500
1963
7
Cypress Villa Apartments
8/28/2014
$10,310,050
63
$163,652
1979
8
Las Brisas
10/9/2014
$9,200,000
28
$328,571
1981
9
Villa Barcelona
8/7/2014
$8,150,000
48
$169,792
1970
10
Waterstone Apartments
10/7/2014
$8,000,000
25
$320,000
2014
11
Savanna Villa
11/17/2014
$5,875,000
28
$209,821
1987
12
Ferway View Apartments
10/31/2014
$5,150,000
20
$257,500
1965
13
Monte Vista Manor Apartments
8/28/2014
$4,780,000
38
$125,789
1921
14
Holder Garden Apartments
7/31/2014
$4,330,000
22
$196,818
1986
15
701 E 5th St
8/18/2014
$4,150,000
39
$106,410
1961
16
Woodscape Apartments
10/8/2014
$4,000,000
28
$142,857
1977
17
Franklin Street Apartments
11/25/2014
$3,925,000
23
$170,652
1964
Buyer Name (Type)
The Stanley A. Sirott Trust
(Private)
Arrimus Multifamily Capital,
LLC (Private)
Cameron Properties, Inc.
(Private)
Affordable Housing Access,
Inc. (User)
Seller Name (Type)
James R. Zink Living Trust,
dated 4/23/2009 (Private)
CT Realty Investors (Private)
CT Realty Investors (Private)
Duesenberg Investment
Company LLC (Private)
Brandywine Development
William Tseng (Private)
Corporation (Private)
Silverado Canyon Partners
Mar & Associates (Private)
(Private)
C.T. Hung M.D. (Private)
Bentley Trust (Private)
Advanced Real Estate
Ray Jandga (Private)
Services Inc (Private)
Sussex Capital Group
Stanley C Karz MD (Private)
(Private)
Brandywine Development
Honest Company (Private)
Corporation (Private)
Yeounghee Yun (Private)
Lai Family Trust (Private)
B & C Properties Inc
Doezie Family Trust (Private)
(Private)
Schroeder Management
Patricia Shen (Private)
Company (Private)
BRAD CALDWELL (Private) Jules Marine (Private)
The Bascom Group, LLC
Bruce & Judy Kao (Private)
(Private)
Boris M. Ackerman, M.D.
Lee Burch (Private)
(Private)
Pan American Properties Inc
Sung Pak (Private)
(Private)
Page 16
30 December, 2014
2014Q3
Orange County
18
Cantamar Apartments
19
Cypress Meadows Apartments
20
1324 French St
7/1/2014
$3,925,000
24
$163,542
1969 Structure PMG (Private)
9/24/2014
$3,815,000
22
$173,409
1963
10/10/2014
$2,200,000
20
$110,000
Sanchez Family Trust
(Private)
Barnett Family Trust
1980
(Private)
DRC Investments Inc
(Unknown)
Alfonso & Teresa Gomez
(Private)
Osen Family Trust (Private)
Page 17
30 December, 2014
2014Q3
Orange County
PERFORMANCE
Average Annual Forecast Return
Forecast Appreciation Return
2007
Total Return
Price Growth
Less Cap Ex
Appreciation Return
Income Return
4.1%
1.8%
2.9%
-1.1%
5.3%
2007
NOI Growth
Rent Growth
Metro National
2.3%
5.4% Historical Volatility
-3.5%
-1.3% Forecast Income Return Change
2008
2009
-5.8%
-8.3%
2.5%
-10.8%
5.4%
-19.9%
-22.9%
2.0%
-24.9%
6.1%
2008
2009
4.5%
2.9%
-1.9%
-0.6%
-6.8%
-5.9%
2010
6.8%
3.4%
3.0%
0.5%
6.3%
2010
-2.0%
0.3%
Metro
1.9%
Average Annual Forecast Rent Growth
2011
11.8%
8.7%
3.2%
5.5%
6.1%
2011
3.5%
3.9%
2012
4.9%
2.0%
2.9%
-0.9%
5.8%
2012
5.4%
4.3%
Metro National
11.1%
9.3% Risk Adjusted Return
0.7
0.2
2013
14.4%
11.8%
3.3%
8.5%
5.5%
2013
4.6%
3.5%
2014
0.4%
-2.1%
2.6%
-4.7%
5.3%
2014
3.9%
2.5%
2015
-2.4%
-5.3%
2.5%
-7.8%
5.8%
2015
1.1%
1.6%
National
2.0% Average Annual Forecast NOI Growth
2016
3.5%
0.4%
2.8%
-2.4%
6.0%
2016
1.7%
1.8%
2017
5.5%
2.4%
2.9%
-0.5%
6.1%
2017
1.9%
2.2%
Metro National
0.2
0.6
2018
2019
5.4%
2.3%
2.9%
-0.6%
6.0%
2018
2019
2.0%
2.1%
Metro
2.0%
5.8%
2.8%
2.9%
-0.1%
6.0%
1.4%
1.5%
National
2.0%
Returns, Risks, and Opportunities
With this cycle’s anticipated capital value growth already on the books, returns will ease up over the next few years. Average annual
returns in the Orange County apartment market are expected to be among the lightest in the nation over the forecast. That, however, should
not be an indictment on the strength of this market. Capital values have already recovered here. Those in it for the long haul will do fine to hold
assets today; high occupancies and solid economic growth will reward long-term holds. However, investors seeking to maximize total returns
over the forecast can find better results just about anywhere.
Don’t overpay for Class A. In fact, now might be a good time to sell. Generally speaking, the new product hitting the market over the next few
years will take the biggest bite out of incomes at the upper end of the product range. Supply growth over the next three years will equal a small
percent of total inventory, but (assuming all projects underway are high quality) 4 & 5 Star stock could rise by a whopping 17%. Competition for
renters will intensify, and older 4 & 5 Star units will probably lack the amenities being offered by recent deliveries. This partly explains the recent
decrease in liquidity for high-end product. Of course, 4 & 5 Star communities in desirable locations should remain competitive regardless of
supply growth as long as economic conditions remain favorable, so there are exceptions to this rule.
With so many new options for tenants to choose from, repositioning outdated properties may prove difficult. The window for property
flipping may have closed. Not only have the bulk of the value gains in this cycle run their course, but the surplus of demand has also ended as
vacancies head back up. As such, older properties are no longer the bargain they once were, and there’s no guarantee of being able to lease
up an asset post-renovation. Value-add buyers would be advised to try their luck up the coast in LA instead.
Average Annual Forecast Return
0.2%
13.8%
Historical Volatility
7.1%
17.5%
0.0
1.7
Risk-Adjusted Return
Page 18
SAMPLE MARKETING
STRATEGY
8
MARKETING STRATEGY
IDEA1 is San Diego’s vision for an innovative design and technology hub. This six-story project will house
298 apartment units, 7,013 square feet of creative office space and 6,650 square feet of ground-floor retail
space. Occupying a full city block in the heart of the Upper East Village’s I.D.E.A. District (Innovation | Design |
Education | Arts), this live/work/play model will meet the demand of San Diego’s young professionals for urban
living. Residents will enjoy rooftop amenities such as sunbathing deck, and splash pool. Additional amenities
will include E-Lounge, fitness center, pet friendly benefits, bike share programs and package concierge.
Pinnacle will achieve optimal
revenue for IDEA1 relative to
the market and the pro forma
by maximizing rental rates
and driving leasing velocity
for the new community.
Our team will combine
an understanding of the
target demographic with
the asset’s distinguishing
characteristics and utilize
the best industry tools and
resources to promote the
property.
IDEA1 is clearly a unique
asset,
which
Pinnacle
appreciates. Our marketing
strategy will be completely customized as we build on the exceptional characteristics of the community.
Pinnacle’s in-house marketing team, which provides ad-agency level capabilities, works in tandem with national
and regional marketing directors, graphic designers, Internet specialists, and market research specialists to
promote the asset. To maintain brand integrity and quality for IDEA1, all collateral development including
traditional, non-traditional and online design projects can be facilitated through this team for the creation of:
•
Digital marketing
•
Lead tracking
•
Property website
•
Outreach marketing
•
Search engine optimization
•
Print marketing
•
Search engine marketing
•
Property signage
•
Internet listing services
•
Branded materials
Imagine…Vantag
e Extraordinary Livin
Where Style Influ
level of modern living.
& Lofts, offer you a new
Live where Luxury Flats
NV
Located in Henderson,
ences Life.
g.
views of the surrounding
the desert floor with breathtaking Vegas skyline. Offering
VANTAGE rests above
lights of the fabulous Las
mountains, city and legendary the best markets, restaurants and shops in
to
with
quick and convenient access
infused posh and elegance
Vegas valley. Indulge in
single story flats and
Henderson and the Las
spacious floor plans, including
of mind.
sleek lines, high-end finishes,
penthouses for the extraordinaryexpect- parks
you
multidimensional dual–level
with all the conveniences
style
modern
schools, arts
VANTAGE combines
shopping and dining, great
and open spaces, neighborhood
sophistication.
an unparalleled level of
and theater. Embrace
CES LIFE
WHERE STYLE INFLUEN
INDULGE
Social Spaces
Strip
views of the Las Vegas
• Mesmerizing panoramic
Views
• Unsurpassed Mountain
Events
and Social Planned
• Concierge Services
media room,
Luxe Clubhouse with
80" HDTV
lounge seating and
Cafe open 24/7
• eLounge with Wifi
Daybeds
with Cabanas and
• Modern Style Pool
• Infinity Edge Spa
Swim
• Indoor Jet Stream
• Spa Locker Rooms
with BBQ
• Outdoor Lounge
• Sleek Quartz Countertops Bosch
dining
W/D by
dedicated for outdoor
• Utility rooms with
carpet
& Weight
with Berber-style
• Spa-Inspired Cardio
• Spacious bedrooms
ceiling windows
Room with floor to
• Large walk-in closets
with
• Pet Park
• Spa-inspired bathrooms
Gated and Lobby
open showers
• Access Controlled
frame less glass and
Response
Lofts Pre-wired
• 24/7 Maintenance
• Flats and Multi-level
Parking
and cable
• Assigned Underground
dining
for high speed internet
shopping and fine
• Easy access to freeways,
• Oversized Sun-decks*
Private Spaces
floor to ceiling
• Impressive 20 ft.
window walls*
shades
• Sleek lined solar
• Dramatic living spaces
• Wood inspired flooring
kitchens
• Open concept gourmet
cook tops
Islands with gas range
& Island Hoods
by Frigidaire
• Stainless steel appliances
• Private Balconies
as.com
WWW.VantageLasVeg
m
Live where Luxury Flats & Lofts, offer you a
new level of modern living.
Located
•
Social media
•
Logo design
•
Reputation management
•
Resident retention materials
•
Interactive leasing •
Promotional items
WHERE STYLE INFLUENCES LIFE
INDULGE
in Henderson, NV
, NV 89012
• Henderson
VANTAGE
rests above the desert floor
201 S. Gibson Road
702-816.2307 with breathtaking views of the surrounding
1 • Fax
mountains,
city and legendary lights of the fabulous Las Vegas
Phone: 702-816-212
skyline. Offering
quick and convenient access to the best markets,
restaurants and shops in
Henderson and the Las Vegas valley. Indulge in
infused posh and elegance with
sleek lines, high-end finishes, spacious floor plans,
including single story flats and
multidimensional dual–level penthouses for the
extraordinary of mind.
VANTAGE combines modern style with all the
conveniences you expect- parks
and open spaces, neighborhood shopping and
dining, great schools, arts
and theater. Embrace an unparalleled level of
sophistication.
Private Spaces
WWW.VantageLasVegas.com
201 S. Gibson Road • Henderson,
NV 89012
Phone: 702-816-2121 • Fax 702-816.2307
• Impressive 20 ft. floor to ceiling
window walls*
• Sleek lined solar shades
• Dramatic living spaces
• Wood inspired flooring
• Open concept gourmet kitchens
Islands with gas range cook tops
& Island Hoods
• Stainless steel appliances by Frigidaire
• Sleek Quartz Countertops
• Utility rooms with W/D by Bosch
• Spacious bedrooms with Berber-style
carpet
• Large walk-in closets
• Spa-inspired bathrooms with
frame less glass and open showers
• Flats and Multi-level Lofts Pre-wired
for high speed internet and cable
• Oversized Sun-decks*
• Private Balconies
WWW.VantageLasVegas.co
201 S. Gibson Road
Henderson, NV 89012
7
1 • Fax 702-816-230
OPENING
Phone: 702-816-212
APRIL 2014
*For Lease Options
Only
Social Spaces
• Mesmerizing panoramic views of the
Las Vegas Strip
• Unsurpassed Mountain Views
• Concierge Services and Social Planned
Events
Luxe Clubhouse with media room,
lounge seating and 80" HDTV
• eLounge with Wifi Cafe open 24/7
• Modern Style Pool with Cabanas and
Daybeds 201 S. Gibson Rd. Henderson
• Infinity Edge Spa
Vantagelasvegas.co
• Indoor Jet Stream Swim
m
• Spa Locker Rooms
702.816. 2121
• Outdoor Lounge with BBQ
dedicated for outdoor dining
• Spa-Inspired Cardio & Weight
Professionally
Managed By
Room with floor to ceiling windows
• Pet Park
• Access Controlled Gated and Lobby
• 24/7 Maintenance Response
• Assigned Underground Parking
• Easy access to freeways, shopping
and fine dining
89012
Live where Luxury
Flats & Lofts, offer
you a new level
Located in Henderson
of modern living.
, NV, Vantage
rests above the
breathtaking views
desert floor with
of the surroundin
g mountains,
lights of the fabulous
city and legendary
Las Vegas skyline.
Offering quick
access to the best
and convenien
markets, restauran
t
ts and shops in
Las Vegas valley.
Henderson and
Indulge in infused
the
posh and elegance
high-end finishes,
with sleek lines,
spacious floor
plans, including
multidimensional
single story flats
dual–level penthouse
and
s for the extraordin
Vantage combines
ary of mind.
modern style with
all the convenien
parks and open
ces you expectspaces, neighborh
ood shopping and
arts and theater.
dining, great schools,
Embrace an unparallel
ed level of sophistica
tion.
WWW.VantageLasVegas.com
201 S. Gibson Road
Henderson, NV 89012
Phone: 702-816-2121 • Fax 702-816-2307
69
MARKETING STRATEGY
SIGNAGE
Signage is a very important tool to attract drive-by traffic to the site from
surrounding thoroughfares as well as from the existing corporate park.
A-boards displaying a “Now Leasing” message will be strategically
placed at all vantage points displaying the phone number and website
address for prospects. Leasing banners will also be strategically placed at
determined locations once the building is constructed to attract drive-by
traffic. A prominent entrance sign will show a sense of place and direction.
Additional A-boards will be utilized for weekend traffic.
LEASING ACTION PLAN
www.IDEA1.com
619-123-4567
Marketing efforts begin as soon as the initial “Coming Soon” banner is
installed on the construction fencing for IDEA1. At this time, an interest list will be built and lead tracking will be
implemented. VIP hardhat appointments for interest list prospects can be scheduled as soon as construction
progress permits. Additionally, Pinnacle team members will organize the extensive outreach campaign to
generate interest in the surrounding community. Once the property manager starts, we will begin establishing
a relationship with area merchants, the Chamber of Commerce, our key preferred employers at the corporate
park as well as the surrounding area, and other apartment communities prior to opening in order to generate
awareness and raise interest.
The sample timeline provides a list of high level activities and items needed for a successful lease-up. The
marketing effort will be collaborative between the local and national teams.
Sample Lease-up Plan Timeline
FOUR MONTHS BEFORE OPENING
THREE MONTHS BEFORE OPENING
TWO MONTHS BEFORE OPENING
• Secure domain name for website
• Implement PopCard
• Develop website, including online
leasing, resident portal, etc.
• Install a camera for prospects to follow
construction progress; incorporate into
Website and Facebook
• Create a time lapse movie at the end of
construction to use on Social media
• Produce a lease-up video
• Set up social media accounts
• Rent Café setup: Craigslist, social,
reputation management, syndication
• Claim Google Places, Yelp,
ApartmentRatings, etc.
• Begin Pay-per-click campaign
• Order ILS services:
ApartmentFinder.com; Apartments.
com; ApartmentGuide.com;
MyNewPlace.com; Rent.com
• Create signage/banners
• Hire Property Manager
• Coming Soon Promotions
• Off-site events/host happy hours
on Mill Avenue with raffle/collect
emails/text digits
• Call center to assist with lead
tracking
• Begin social media posting
• Setup iPad leasing
• Begin daily posting to Craigslist
• Begin social media posting
• Begin texting campaigns
• Order signage
• Explore billboard opportunities
• Order A/V package
• Determine marketing collateral,
including brochure, stationary,
business cards, outreach marketing
flyers, sell sheets, etc.
• Order Pynwheel Interactive Touch
Screen
• iPad leasing Rent Cafe
• Post daily to Craigslist
• Post daily on social media
• Establish partnerships for pet
services, transportation (cab
fees) to airport, moving labor,
housekeeping, plant services, etc.
• Setup Pinnacle Promise Program
(resident rewards) and promote
advantages to residents
• Attend mixers for outreach
marketing
• Dial in local print advertising/
promotions
• Hire balance of team
• Plan Grand Opening
70
MARKETING STRATEGY
ONE MONTH PRIOR TO OPENING
• Begin Leasing from Clubhouse
• Open models for private viewings; i.e.,
“Welcome State Farm” Join us for mix
and mingle
• Issue press release
• Update market surveys
• Continue outreach marketing
• Sign up for apartment concierge
• Update banners
OPENING MONTH
• Set policies for lease terms, pets,
deposits, etc.
• Setup and implement Yardi
• Plan and promote grand opening event
• Order move in gifts/gift cards such as
shopping carts with the property name
embedded
• Promote resident referral program
•
•
•
•
•
In full lease-up
Create a buzz around town
Hold events in the lounge
Start raffle for all move- ins
Open house with local magazine
San Diego Reader, catered event
which includes girl or boy in plastic
bubble at the pool during the Grand
Opening
• Maintain the vibe on social media
post
LEASING PATH
The leasing path, which encompasses the amenities, model and most appealing aspects of the building,
begins as soon as the guest approaches the community by car or foot. Parking must be clean and well lit with
easy to read signage directing guests to the leasing office. A concierge will be trained to greet prospects and
escort them to a leasing agent who will engage them in conversation and determine their preferences for a
customized tour.
The leasing path will be inspected and cleaned on a daily basis prior to the opening of the leasing office and
the model walked to ensure music is on and flooring and counters are clean. Every vacant unit shown should
be move-in ready (clean, carpets vacuumed, toilet seats closed and smell fresh).
We believe that the customer experience is multi-sensory. Engaging all five senses is essential. We will
implement the following enhancements to create a lasting memory and further set us apart from our
competitors.
• Sight: The community will be architecturally and aesthetically pleasing with the inclusion of customer
friendly common areas and warm inviting staff professionally dressed in uniforms. • Smell: An exclusive scent will be chosen for the property. Prospects and residents alike will associate
this scent and components of this scent with our community.
• Touch: Lush live plants and fresh flowers can be added to all common areas and throw pillows can be
added to seating areas. Custom branded swag will be available to potential renters during their visit
for tour recall.
• Taste: Signature refreshments will be made available to all customers. Scented spa water will be made
fresh daily along with an assortment of fresh baked cookies. Other more health conscious options will
also be made available to meet all of our client’s preferences.
• Sound: A customized playlist of music will flow through the office and all common areas. A critical component of creating this special ambiance revolves around staff training to ensure consistent
and inviting representation of the property. Pinnacle will require every team member to attend a schedule
of onsite, instructor-led and online training courses within a specified period of time that fits Pinnacle’s strict
requirements as well as your specific company needs. This not only ensures that representatives of Raven Hill
71
MARKETING STRATEGY
are prepared to present all aspects of the asset, but it also boosts employee confidence levels. In addition, we
will mystery shop the property frequently to determine if our high-level performance standards are being met.
Team members who fail to meet our stringent standards will attend mandatory training programs from their
appointed regional education director. The property will then be re-shopped in a timely manner to guarantee
compliance.
TEMPORARY LEASING OFFICE
The staff will conduct business as usual from a temporary office until the permanent leasing facility is completed.
This will allow the leasing team to re-direct traffic away from the construction.
Digital Marketing
COMMUNITY WEBSITE
The central component of Pinnacle’s digital marketing strategy is the community website, which will be
both aesthetically and functionally designed to capture the attention of prospective residents. Our marketing
team will consider essential design elements such as logos, colors and fonts to deliver a customizable and
manageable product. Until a website is completed for IDEA1, a community splash page will be available to
feature floor plans, renderings and a video feed of the construction site to assist with the leasing process. A
social media page will also be launched at this time.
Pinnacle’s designers believe a website should be more than an online brochure. Some of the functionality
features our creative team will employ include: viewing apartment availability, providing end-to-end
online leasing, and showcasing property amenities through photography and videography. Content will be
professionally written for search engine optimization to receive the highest possible placement. We will utilize
a third party service for ongoing SEO to ensure our website shows up high in the rankings on the major search
engines for keywords relevant to our community. We will also design the site to be an amenity post-lease by
enabling residents to pay rent online, view community events, submit service requests, write reviews, and link
to social media.
Examples of property websites
72
MARKETING STRATEGY
PHOTOGRAPHY & VIDEO
In today’s market, renters want to be able to see photography and a video of the community. Pinnacle partners
with LCP360, a Google preferred provider, to get the best in photography and digital walk though tours. These
photo and tours will be showcased in all marketing collateral, the property website, Google + Local listings and
other review sites.
Capture the Market creates videos to bring your apartment community to life. This 90-second custom video
which sells the interiors, exteriors and local neighborhood will be showcased on the property website, a private
branded YouTube channel, linked to all online advertisements and on marketing collateral. This video will also
help improve the property’s overall SEO.
PAY-PER-CLICK CAMPAIGN
Pinnacle can customize a pay-per-click campaign to drive targeted traffic to the community based on keywords
that prospective residents normally use when searching for an apartment. Search engines like Google and Bing
allow businesses and individuals to buy listings in their search results, which appear alongside the organic, nonpaid search results. Once leased up, the PPC may end or be reduced. In conjunction with the PPC campaign,
we will also run a site and search retargeting campaign for brand recall. Anyone who visits our website or
searches with keywords relevant to our website will be targeted by our community ad online.
HI-TECH INTERACTIVE LEASING TOOLS
Here are some ways Pinnacle suggests incorporating an iPad into the leasing strategy:
Provide community tours by showcasing:
• Unit-specific floor plans
• Interactive property site maps of unit locations, amenities and
highlights
• Photographs of available units and amenities
• Photographs of units or models currently unavailable to show
• Photographs of residents participating in community events
• Photographs, lists and maps of the neighborhood, area retailers,
schools and other amenities
• Virtual/video tours
• Facebook page to illustrate community involvement and
resident events
73
MARKETING STRATEGY
Present leasing materials:
• Editable on-line and printable applications giving prospects the option to complete either, or both
• Resident Portal available at move-in to show benefits, usage, etc.
• Move-in checklist customized with their name, apartment number, due date and more
• Community policy presentation, if desired
• Renter’s insurance sign-up, if desired
INTERNET LISTING SERVICES
In a world dominated by Internet search, consistent and relevant marketing content on the Web is vital to
driving leads to the community. Consistently, Internet Listing Services rank near the top of Google, Bing and
Yahoo search results. Today’s renters search on a multitude of websites, so it is imperative to have up-to-date
community listings to maximize leads.
A lease-up media schedule will be provided with the marketing plan. Once the community reaches stabilized
occupancy of 95 percent, we will selectively reduce advertising to concentrate on the services which have
provided the strongest results during lease-up. In the event more traffic is needed to meet the absorption
goals, we will evaluate and continue to explore other effective media sources.
Craigslist has almost
Craigslist is a proven traffic generator in the apartment industry. We recommend
IDEA1 consistently post at least four times throughout the day to get the most
leads from this tool. Pinnacle will work with the onsite team to provide training
and to develop professionally written ads to drive targeted traffic to the property.
We also suggest using Craigslist posting tools to get custom templates, fresh
ad content, and reporting functions.
50
Million
CRAIGSLIST
unique users every
month - that’s nearly
REPUTATION MANAGEMENT & RATINGS/REVIEW SITES
a fifth of the nation’s
Many residents consult reviews before making a rental decision. As a result,
Pinnacle will focus on maintaining a high level of positive recommendations
for IDEA1 on review sites. To do this, we will proactively collect feedback and
control what is seen online.
adult population!
Pinnacle uses a provider with a dashboard that pulls all online reviews into one central location. This makes
it easy to read and reply to posts, notifies staff of new reviews and allows team members to repost positive
reviews on other sites. Our team will work closely with the on-site team to set up new sites, enhance current
ones and respond to positive and negative reviews.
74
MARKETING STRATEGY
78
%
of online Americans aged 18-64 agree
that online reviews help them decide
whether or not to purchase a product.
SOCIAL MEDIA
Nearly 90 percent of all people ages 18-29, 60 percent of people ages 50-64, and 73 percent of the entire
population of Internet users engage with at least one social networking site. Pinnacle will launch IDEA1’s social
media with an engaging contest with a prize to drive “likes” and “shares” across the multiple platforms. We
recommend the property post on resident events, noteworthy local area events and other engaging topics.
Pinnacle has partnered with Community Sherpa to assist in generating unique, relevant content. The Regional
Marketing Director, Community Sherpa and the Property Manager will visit on a monthly basis to ensure
successful content is written and will manage the social media dashboard to ensure a successful social media
standing. Social Media content will be thought out in advance and tracked on the marketing calendar. The
onsite team will complete social media training to maximize the effectiveness of this tool and ensure successful
engagement. Pinnacle recommends utilizing a blog, Facebook and Twitter at a minimum with Instagram,
YouTube, Pinterest and other channels considered based on the community demographics and engagement. OUTREACH MARKETING
The marketing and training teams will work with the on-site team members to implement a successful outreach
marketing program. Neighborhood contact will be made to surrounding local and small businesses as well as
major companies with more than 250 employees to introduce the community and referral programs. Reaching
out to them will cast a bigger net to potential renters.
IDEA1 will also be marketed at metro events such as 5k runs, at events held in San Diego and at the Chamber
of Commerce. Our teams will be persistent and have some type of interaction or communication at least once
a month to ensure success. The proactive outreach campaign, which will continue through lease-up, should
include participation in activities that complement the resident’s lifestyle.
75
MARKETING STRATEGY
• Support community events such as blood drives,
mobile mammograms, flu clinics, etc., to give free
exposure to the community.
• Collaborate with local radio station or event planners
to hold outdoor deck concerts, etc.
• Have site staff wear tee shirts promoting the property
at any outreach marketing events.
• Introduce PEP collateral and reflect general terms of
the great incentives (i.e., $1,000 off; the PEP menu
should be discussed at time of tour not left with the
employers/employees place of employment)
MARTHA
LAKE
apartments
PLO YER DI SC
PR EFE RR ED EM
You will be impressed with your apartment
home at Martha Lake! Residents
of
Martha Lake enjoy a refreshing swimming
pool, outdoor hot tub, friendly
staff,
racquetball court and fitness center.
We
are conveniently located in Lynnwood,
WA close to I-5 and I-405, minutes
from
Alderwood Mall and many options
for
dining and entertainment. Lease
today
and discover why Martha Lake’s residents
love to call us home!
OU NT S
S:
PROPERT Y AMENITIE
3% and
with Pinnacle today!
Find your new home
na Hotel &
available for Tropica
5% Discounts are
Casinoemployees.*
eAMS.com.
at www.Pinnacl
View our communities
all Pinnacle
the map to view
Click Nevada on
ea.
proper tiesinthear
3%
LE AS E
5%
TO DA Y !
• FriendlyStaff
ns
• SpaciousFloorPla
mingPools
• RefreshingSwim
• PinnaclePromise
ance
• 24HourMainten
nds
• LandscapedGrou
• BBQGrills
• PetFriendly*
• CoveredParking
OFFICE HOURS:
Monday
apply.to Saturday 9am to 6pm;
*Restrictions may
Sunday 10am to 5pm
LIVE, WORK & PLAY
1, 2 & 3 Bedroom Homes
Fully-Equipped Kitchens
with Pantry
Fireplace*
Vaulted Ceilings*
Ceiling Fans
Frost Free Refrigerator
Spacious Closets
Washer/Dryer in All Homes
Oversized Patio or Balcony
with Storage
Covered Parking and Garages
Clubhouse
Fitness Center
Hot Tub & Sauna
Playground
Racquetball Court
Swimming Pool
High-speed internet access
Excellent School District
Bike Trails
PREFERRED
EMPLOYER PROGRAM:
AMA ZON
1. Waive Application fee of $42.00.
2. Reduced Security Deposit by
$100.00.
3. Additional incentive of $100.00
off
move in on a 12 month term (plus
whatever else we are offering at the
time).
4. 6 months of free carport $150.00
or
2 months of free garage $200.00.
(425) 742-6740
16626 6th Ave W.
Lynnwood, WA 98037
www.MarthaLakeApt.com
• Create resident of the month club, targeting a key
employer, which enables the property to get in with the decision maker
As the property increases in occupancy, a cross marketing program will be developed to local merchants such
as retailers, florists, grocery stores and restaurants to introduce their services to new residents in exchange
for discounts, preferred services and referrals to the community.
The full outreach program and preferred employers will be identified with a detailed program approved by the
team.
LEAD TRACKING
PopCard is a fully automated, lead management and lead tracking software solution. This program automates
guest cards, emails, follow-up reminders, appointment setting, walk-in traffic, and all the data entry that your
agents are tasked with entering into your property management system. A call center can be added to help
lease more apartment homes by effectively answering advertising-generated leasing calls and emails once
the promotions begin. With over 20 percent of inquiries coming in during non-business hours, it is important
to have a call center with 24 hour, 7 days per week availability. This will help increase resident satisfaction as
every phone call will be answered. Pinnacle recommends a call center going live once advertising efforts are
established. A few benefits include:
• Increased revenue by leasing more apartment homes
• Decreased expenses by streamlining marketing efforts
• Increased profits by becoming more efficient
• Increased resident retention by taking maintenance calls
• Increased efficiency by using tracking numbers for marketing sources
76
MARKETING STRATEGY
The Resident Experience
THE CUSTOMER SERVICE EXPERIENCE
Pinnacle team members are committed to providing residents with an extraordinary experience, which includes
satisfying their needs on a consistent basis. Residents will always be treated fairly and responded to in a timely
and efficient manner. We make every attempt to take care of our residents through extensive concierge
services. Pinnacle empowers team members to accommodate any reasonable resident request to provide a
strong sense of value for services. Resident enjoy the following benefits of living at IDEA1:
• Implement the Pinnacle Promise program, a resident app with thousands of restaurants, retailers and
other businesses. We ensure local, walkable businesses will maintain an offering on this program.
• A virtual concierge will be available for residents to assist with travel booking, entertainment, restaurant
reservations and more.
• Implement a highly-rated, local maid service that will provide residents with discounts.
• Deliver packages, take work orders and respond to resident concerns on a daily basis.
• Furnish a unit and make it available as a guest suite.
• Take care of plants and mail for residents when they are out of town.
• Offer bottled water, frozen fruit and popsicles at the pool in addition to items such a gloating noodles,
goggles, fins and kick boards.
• Install a bike rack with a few bikes available for check-out.
• Implement valet track pick-up
• Install onsite dry cleaning lockers for pick-up and 24 hour return of laundry.
RESIDENT RETENTION/CUSTOMER SATISFACTION & ENGAGEMENT
Pinnacle will provide residents with premium customer service and add value to IDEA1. To renew residents at
a high rate, we suggest:
• Utilizing Ellis 5touch point it is recommended to send a survey after a prospect tours, two weeks after
move-in, after maintenance requests are completed and during various other touch points throughout
the lease to ensure satisfaction.
• Implementing Active Building, a ramped up resident portal which provides online access to check
for packages, submit work orders and post on other resident news. Monitors can be placed in the
mail room and other common areas for greater accessibility. Residents can also connect with others
through shared interests, such as walking groups, pet friendly groups and more. This product truly aids
in building a community.
77
MARKETING STRATEGY
• Hosting a variety of resident activities which include a summer and winter event, weekly brunch,
charity functions and other activities. Examples include:
o January: New Year’s resolutions kick-off (sponsored by a local nutrition and personal trainer)
o February: We love our residents – breakfast to go
o May: Grilling cooking lesson poolside
o June: Paint night hosted at the property
WHAT:
Go
To Coffee
n
Add descriptio
o August: Sponsor Art Shows at IDEA
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ST
B R E A K FA PROPERTY NAME HERE
ST
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XX:XX - XX:XX
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TIME:
XX:XX - XX:XX
o October: Pet costume contest
WE LOVE
ResidenOUR
ts
o November: Adopt a charity – food drive
WELO
WE
LOVE OUR
VE OU
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THE
P I N N AC L E
o December: Toys for Tots toy drive. Group shopping
PropertyNam
to the attached shopping center.
P I
Join your neighbors for coffee!
Join your neighbors for coffee!Bring in your donations today!
Bring
THE
TH
E
P I N N AC L E
Location: XXXXXXXXXXXXXXX
Date: Month XX, 20XX
Time: XX:XX - XX:XX
PROMISE
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PR
in your donations to
P I N
PRO
o Monthly: “Yappy Hour” for our furry friends and a
group happy hour the first Friday of the month
o Weekly: Wine Wednesdays and Sunday Game Day Brunch
Additional ideas include:
o Music (Jam Sessions) at IDEA
o Jazz on the Corner
o Trolley validation for prospects who tour
o Community and Charity Events, such as helping the homeless population in the East Village
o Book clubs
o Poetry jams
o Photo contest
o Best Vine Video contest
78
MARKET
SURVEY
9
Market Survey - Crown Laguna
Overview of Direct Competitive Market
Crown Laguna
Saint Moritz
City Lights
Laurel Canyon
Vista At Laguna Niguel
Laurel Glen
Career Lofts
Totals/Avg. of Direct Competitors
Totals/Avg. Including Subject
Units
284
675
793
220
176
220
142
318
314
Variance of Subject to Competitors
-34
Updated As Of: 1/30/2015
Avg. Unit
Current
Current
Year Built Occupancy Leased %
Size
900
2015
0.0%
0.0%
1,184
1991
97.3%
97.8%
941
2001
95.0%
93.0%
1,028
2002
96.0%
97.0%
993
2014
5.0%
9.7%
1,023
2003
96.5%
97.8%
929
2015
0.0%
0.0%
871
1718
55.7%
56.5%
875
1755
48.7%
49.4%
29
-
-55.7%
Market
Rent/SF
$2.42
$1.76
$2.15
$2.13
$2.58
$2.10
$2.42
$2.05
$2.09
Effective
Rent
$2,175
$2,061
$2,024
$2,189
$2,560
$2,144
$2,250
$1,890
$1,925
$283
$0.04
$286
-56.5%
Effective Concession % Variance from
Rent/SF
of Market
Subject Eff. Rent
$2.42
0.0%
$1.74
0.9%
-$114
$2.15
0.0%
-$152
$2.13
0.0%
$14
$2.58
0.0%
$384
$2.10
0.0%
-$31
$2.42
0.0%
$74
$2.05
0.1%
$29
$2.09
0.1%
$0.04
-0.1%
Rent Comparison
$3,000
$2,500
Market
Rent
$2,175
$2,079
$2,024
$2,189
$2,560
$2,144
$2,250
$1,892
$1,928
$2,560 $2,560
$2,175 $2,175
$2,079 $2,061
$2,024 $2,024
Crown Laguna
Saint Moritz
City Lights
$2,000
$2,189 $2,189
$2,144 $2,144
$2,250 $2,250
Laurel Glen
Career Lofts
$1,500
$1,000
$500
$0
Laurel Canyon
Market Rent
Effective Rent
Occupancy Comparison
120%
97%
100%
98%
95%
93%
96%
97%
97%
98%
80%
60%
40%
20%
0%
0%
5%
0%
Crown Laguna
Saint Moritz
City Lights
Laurel Canyon
Current Occupancy
10%
Current Leased %
0%
Laurel Glen
0%
Career Lofts
Market Survey
Comparison
2015
Property Name
Subject
Comp 1
Comp 2
Comp 3
Comp 4
Comp 5
Comp 6
Crown Laguna
Saint Moritz
City Lights
Laurel Canyon
Vista At Laguna
Niguel
Laurel Glen
Career Lofts
0.0%
0.0%
0.0%
$2,175
$2.42
$0
0%
0.0
$2,175
$2.42
97%
98%
0%
$2,079
$1.76
$18
1%
0.0
$2,061
$1.74
95%
93%
0%
$2,024
$2.15
$0
0%
0.0
$2,024
$2.15
96%
97%
0%
$2,189
$2.13
$0
0%
0.0
$2,189
$2.13
5%
10%
0%
$2,560
$2.58
$0
0%
0.0
$2,560
$2.58
97%
98%
0%
$2,144
$2.10
$0
0%
0.0
$2,144
$2.10
0%
0%
0%
$2,250
$2.42
$0
0%
0.0
$2,250
$2.42
Current Status
Occupancy %
Leased %
30 Day Trend %
Average Market Rent
Average Market Rent PSF
Average Concession
Concession % of Market
Average Months Free
Average Effective Rent
Average Effective Rent PSF
General Community Information
Management Company
City
School District(s)
Year Built
Age of Property
Year of Renovation
Class
Construction Type
# of Floor Plans
Total Units
Avg. Size:
# Full Time Employees
# Part Time Employees
Lease Terms Available
Rent Subsidy Program(s)
Rent Optimizer Program
Deposit & Fee Comparison
App. Fee - Single
App. Fee - Joint
Refundable Deposit
Admin Fee
MTM Fee
Short Term Fee
Ref. Pet Deposit
Non-Ref. Pet Deposit
Pet Rent
Locator Fees (%)
Add.'l Locator Fees
Other Fees
Other Fees
Other Fees
SHEA
Western National
RW Shelby
Western National
UAP
Laguna Niguel
Gerson Baker
Assoc
Aliso Viejo
Aliso Viejo
Ladera Ranch
Laguna Niguel
Ladera Ranch
Laguna Niguel
CUSD
2015
0
0
A
Mid-Rise
6
284
900
6
0
3,6,12
Yes
Yes
CUSD
1991
24
0
A
Garden
4
675
1,184
12
1
3,6,12
No
Yes
CUSD
2001
14
0
A
Garden
8
793
941
18
0
2-12
No
Yes
CUSD
2002
13
2014
A
Garden
5
220
1,028
5
0
3,6,12
No
Yes
CUSD
2014
1
0
A
Garden
2
176
993
3
0
3,6,9,12
No
No
Capistrano U.S.D.
2003
12
0
A
Garden
5
220
1,023
6
0
6,9,12
Yes
Yes
Laguna Niguel
2015
0
0
A
Mid-Rise
2
142
929
5
0
6, 9, 12
Yes
No
$45
$60
$400-$600
$0
$0
$0
$600
$0
$0
0%
$0
$0
$0
$0
$40
$80
$500
$0
$0
$0
$0
$1,000
$0
0%
$0
$0
$0
$0
$40
$80
$450
$0
$0
$0
$600
$0
$0
0%
$0
$0
$0
$0
$45
$45
$300-500
$0
$0
$0
$500
$0
$0
0%
$0
$0
$0
$0
$39
$0
$399-650
$0
$0
$0
$250-500
$0
$0
0%
$0
$0
$0
$0
$45
$90
$500
$0
$0
$0
$500
$0
$0
0%
$0
$0
$0
$0
$45
$0
$500
$0
$200
$100
$500
$0
$35
0%
$0
$0
$0
$0
-
Pinnacle
Subject
Comp 1
Comp 2
Comp 3
Comp 4
Comp 5
Comp 6
Crown Laguna
Saint Moritz
City Lights
Laurel Canyon
Vista At Laguna
Niguel
Laurel Glen
Career Lofts
Additional Income/Premium Comparison
Carports
$0
Att. Garages
$0
Det. Garages
$0
Rentable Storage
$0
Pest Control
$0
Valet Trash
$0
Internet
$0
Pool View
$50
Courtyard View
$50
Fireplace
$0
Vaulted Ceiling
$0
2nd Floor
$0
3rd Floor
$0
View
$50
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Utility Information
Resident Paid Utilities
Gas
Electric
Water
Sewer
Trash
RUBS














































































Property Name
Amenity Comparison
Community/Exterior Amenities
Access Gates
--Video Access
Guard House
Business Center
Conference Room
Club House
Theatre/Media Room
Game Room
Laundry Room
Fitness Center
--24 Hour
Rentable Storage
Sauna/Steam Room
Fountains
Swimming Pool(s)
Jacuzzi
Wireless Internet
Tennis Court(s)
Sport Court(s)
Sand Volleyball
Jogging Trail
Picnic/BBQ area
Playground
Putting Course
Pet Park/Dog Run
Valet Trash
Trash Chutes
Recycle Bins
Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Direct Access Garage
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
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Pinnacle

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Property Name
Interior Amenities
General Interior:
Crown Molding
9' or Greater Ceilings
Vaulted Ceilings
Ceiling Fan(s)
Light Kit
Entry/Coat Closet
Alarm
Wired for Alarm
Balcony/Patio
W/D Connections
W/D Included
Bay Windows
Accent Walls
Tile/Marble Entry
Upgraded Carpet
Hardwood/Laminate
Other
High Speed Internet
Extra Storage
Fireplace
--Mantle
Bookshelves/Enter
Built-in Desk
Recessed Lighting
Track Lighting
Other
Kitchen:
Breakfast/Dining Room
Pantry
Microwave
Frost Free Side by Side
Frost Free 2-door
Icemaker
Self-Cleaning Oven
Dishwasher
Disposal
Tiled Backsplash
Stainless Appliances
Black Appliances
White Appliances
Granite Countertops
Faux Granite
Island Kitchens
Maple cab/brushed nickel
Other
Other
Bedrooms/Baths:
Vanity
--double sink
Recessed Lighting
Garden Tub
Separate Showers
Medicine Cabinet
Linen Closet
Walk-in Closets
Granite/Marble Vanity
Mini Blinds
Other
Total Features:
---Exterior
---Interior
Subject
Comp 1
Comp 2
Comp 3
Comp 4
Comp 5
Comp 6
Crown Laguna
Saint Moritz
City Lights
Laurel Canyon
Vista At Laguna
Niguel
Laurel Glen
Career Lofts
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31
13
18
46
22
24
46
19
27
Pinnacle
43
15
28
35
13
22
20
11
9
43
21
22
Market Survey - Crown Laguna
Rent Comparison by Unit Type
Effective Rent Comparison by Unit Type
$3,000
$2,500
$2,000
$2,800
$2,595
$2,105
$1,955
$1,874
$1,795
$1,964
$1,736
$1,585
$2,515
$2,299
$2,225
$1,500
$1,000
$500
$0
1
2
3
4
Crown Laguna
Rent Comparison to Subject's Unit Type: 1
Rent Optimizer Unit Type &
Unit Type Comparison
Count
Program?
Crown Laguna
Yes
1
Saint Moritz
Yes
0
City Lights
Yes
1
Yes
0
Laurel Canyon
No
0
Laurel Glen
Yes
0
Career Lofts
No
0
Comp. Totals/Averages
Notes:
Count
Program?
Crown Laguna
Yes
2
Saint Moritz
Yes
0
City Lights
Yes
1
Laurel Canyon
Yes
0
No
0
Laurel Glen
Yes
0
Career Lofts
No
0
Notes:
5
6
Comp Average
Number
of Units
31
74
74
Avg. Unit
Size
615
598
598
17
Market
Rent
$1,795
$1,585
$1,585
$210
Market
Rent/SF
$2.92
$2.65
$2.65
$0.27
Effective
Rent
$1,795
$1,585
$1,585
$210
Effective
Rent/SF
$2.92
$2.65
$2.65
$0.27
Conc. % of
Market Rent
0.0%
0.0%
0.0%
0.0%
Variance from
Subject Eff. Rent
($210)
($210)
Number
of Units
1
117
117
Avg. Unit
Size
821
807
807
14
Market
Rent
$2,105
$1,874
$1,874
$231
Market
Rent/SF
$2.56
$2.32
$2.32
$0.24
Effective
Rent
$2,105
$1,874
$1,874
$231
Effective
Rent/SF
$2.56
$2.32
$2.32
$0.24
Conc. % of
Market Rent
0.0%
0.0%
0.0%
0.0%
Variance from
Subject Eff. Rent
($231)
$79
Pinnacle
Count
Program?
Crown Laguna
Yes
3
Saint Moritz
Yes
1
City Lights
Yes
1
Laurel Canyon
Yes
1
No
0
Laurel Glen
Yes
1
Career Lofts
No
1
Notes:
Count
Program?
Crown Laguna
Yes
4
Saint Moritz
Yes
0
City Lights
Yes
1
Laurel Canyon
Yes
1
No
0
Laurel Glen
Yes
1
No
0
Career Lofts
Notes:
Count
Program?
Crown Laguna
Yes
5
Saint Moritz
Yes
1
City Lights
Yes
3
Laurel Canyon
Yes
2
No
2
Laurel Glen
Yes
1
Career Lofts
No
1
Notes:
Count
Program?
Crown Laguna
Yes
6
Saint Moritz
Yes
2
City Lights
Yes
1
Laurel Canyon
Yes
1
No
0
Laurel Glen
Yes
2
Career Lofts
No
0
Notes:
Number
of Units
140
239
139
40
40
97
555
Avg. Unit
Size
787
792
708
710
710
707
744
43
Market
Rent
$1,955
$1,658
$1,778
$1,835
$1,791
$1,925
$1,757
$198
Market
Rent/SF
$2.48
$2.09
$2.51
$2.58
$2.52
$2.72
$2.36
$0.12
Effective
Rent
$1,955
$1,608
$1,778
$1,835
$1,791
$1,925
$1,736
$219
Effective
Rent/SF
$2.48
$2.03
$2.51
$2.58
$2.52
$2.72
$2.33
$0.15
Conc. % of
Market Rent
0.0%
3.0%
0.0%
0.0%
0.0%
0.0%
3.9%
-3.9%
Variance from
Subject Eff. Rent
($347)
($177)
($120)
($164)
($30)
($59)
Number
of Units
21
110
40
40
190
Avg. Unit
Size
933
912
970
975
937
(4)
Market
Rent
$2,225
$1,881
$2,155
$2,002
$1,964
$261
Market
Rent/SF
$2.38
$2.06
$2.22
$2.05
$2.10
$0.29
Effective
Rent
$2,225
$1,881
$2,155
$2,002
$1,964
$261
Effective
Rent/SF
$2.38
$2.06
$2.22
$2.05
$2.10
$0.29
Conc. % of
Market Rent
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Variance from
Subject Eff. Rent
($344)
($70)
($223)
$169
Number
of Units
74
218
287
120
176
70
45
916
Avg. Unit
Size
1,136
1,235
1,073
1,116
993
1,037
1,406
1,115
21
Market
Rent
$2,595
$2,125
$2,235
$2,230
$2,560
$2,152
$2,950
$2,299
$296
Market
Rent/SF
$2.28
$1.72
$2.08
$2.00
$2.58
$2.08
$2.10
$2.06
$0.22
Effective
Rent
$2,595
$2,125
$2,235
$2,230
$2,560
$2,152
$2,950
$2,299
$296
Effective
Rent/SF
$2.28
$1.72
$2.08
$2.00
$2.58
$2.08
$2.10
$2.06
$0.22
Conc. % of
Market Rent
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Variance from
Subject Eff. Rent
($470)
($360)
($365)
($35)
($443)
$355
$504
Number
of Units
17
218
66
20
70
374
Avg. Unit
Size
1,288
1,562
1,534
1,250
1,214
1,476
(188)
Market
Rent
$2,800
$2,495
$2,619
$2,725
$2,420
$2,515
$285
Market
Rent/SF
$2.17
$1.60
$1.71
$2.18
$1.99
$1.70
$0.47
Effective
Rent
$2,800
$2,495
$2,619
$2,725
$2,420
$2,515
$285
Effective
Rent/SF
$2.17
$1.60
$1.71
$2.18
$1.99
$1.70
$0.47
Conc. % of
Market Rent
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Variance from
Subject Eff. Rent
($305)
($181)
($75)
($380)
$720
Pinnacle
Market Survey
1/30/2015
Subject Property - Crown Laguna
Community Information
Property Name
Crown Laguna
City
Laguna Niguel
TBD
Telephone
TBD
Fax
CUSD
School District(s)
Management Company
Year Built
2015
Reno:
Total Units
284
Avg. Size:
Class
A
Construction Type
Mid-Rise
# Employees
Full: 6
Part:
3,6,12
Rent Subsidy Program(s) Yes
5%
Rent Optimizer Program Yes
Yieldstar
Floor Plan
or Type
1
2
3
4
5
6
900
#
Bed # Bath Unit Description Unit Mix SF/Unit
1
1
Studio
31
615
1
1
Studio PH
1
821
1
1
One Bedroom
140
787
1
1
1x1 PH
21
933
2
2
Two Bedroom
74
1,136
2
2
2x2 PH
17
1,288
6
Totals
Averages
Additional Notes:
284
-
900
Fees and Deposits
App. Fee - Single
$45
App. Fee - Joint
$60
Refundable Deposit
$400-$600
Admin Fee
MTM Fee
Short Term Fee
Ref. Pet Deposit
$600
Pet Rent
Locator Fees (%)
Add.'l Locator Fees
Other Fees
Other Fees
Other Fees
Unit Mix and Rents
Market
Total SF % of Units
Rent
19,065
11%
$1,795
821
0%
$2,105
110,180
49%
$1,955
19,593
7%
$2,225
84,064
26%
$2,595
21,896
6%
$2,800
255,619
100%
$617,805
$2,175
Additional Income/Premiums
Current Status and Specials
Carports
Occupancy %
Att. Garages
Leased %
Det. Garages
30 Day Trend %
Rentable Storage
Additional Specials:
Pest Control
Valet Trash
Internet
Utilities Information
Pool View
$50
Type
Res. Paid
N/A
Courtyard View
$50
Gas
TRUE
FALSE
Fireplace
Electric
TRUE
FALSE
Vaulted Ceiling
Water
TRUE
FALSE
2nd Floor
Sewer
TRUE
FALSE
3rd Floor
Trash
TRUE
FALSE
View
$50
RUBS
TRUE
FALSE
Months Free Assuming Lease Term of:
Market
PSF
$2.92
$2.56
$2.48
$2.38
$2.28
$2.17
$2.42
Monthly
Special
$0
$0
$0
$0
$0
$0
$0
Effective
Rent
$1,795
$2,105
$1,955
$2,225
$2,595
$2,800
$617,805
$2,175
Effective
PSF
$2.92
$2.56
$2.48
$2.38
$2.28
$2.17
$2.42
Pinnacle
Conc. %
of Mkt
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Months
Free
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Features and Amenities
Exterior Amenities (x = Amenity Available on Property)
 Swimming Pool(s)
 Jacuzzi
Guard House
 Wireless Internet
Business Center
 Tennis Court(s)
Conference Room
 Sport Court(s)
Club House
 Sand Volleyball
Theatre/Media Room
 Jogging Trail
Game Room
 Picnic/BBQ area
Laundry Room
 Playground
Fitness Center
 Putting Course
--24 Hour
 Pet Park/Dog Run
Rentable Storage
 Valet Trash
Sauna/Steam Room
 Trash Chutes
Fountains
 Recycle Bins
Interior Features (x = All Units or y = Select Units)
General Interior:
 Crown Molding
 Fireplace
 9' or Greater Ceilings
 --Mantle
 Vaulted Ceilings
 Bookshelves/Enter
 Ceiling Fan(s)
 Built-in Desk
 Light Kit
 Recessed Lighting
 Entry/Coat Closet
 Track Lighting
 Alarm
 Other
 Wired for Alarm
Bedrooms/Baths:
 Balcony/Patio
 Vanity
 W/D Connections
 --double sink
 W/D Included
 Bay Windows
 Garden Tub
 Accent Walls
 Separate Showers
 Tile/Marble Entry
 Medicine Cabinet
 Upgraded Carpet
 Linen Closet
 Hardwood/Laminate
 Walk-in Closets
 Other
 Granite/Marble Vanity
 High Speed Internet
 Mini Blinds
 Extra Storage
 Other
LEGEND
 lower case 'x' denotes All Units
 lower case 'y' denotes Select Units Only
 lower case 'o' denotes blank/not available

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











Access Gates
--Video Access














Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
Kitchen:
 Breakfast/Dining Room
 Pantry
 Microwave
 Frost Free Side by Side
 Frost Free 2-door
 Icemaker
 Self-Cleaning Oven
 Dishwasher
 Disposal
 Tiled Backsplash
 Stainless Appliances
 Black Appliances
 White Appliances
 Granite Countertops
 Faux Granite
 Island Kitchens
 Maple cab/brushed nickel
 Other
 Other
Market Survey
1/30/15
Comp 1 - Saint Moritz
Fees and Deposits
Property Name
Saint Moritz
App. Fee - Single
$40
City
Aliso Viejo
App. Fee - Joint
$80
949.362.6000
Telephone
Refundable Deposit
$500
949.362.6008
Fax
Admin Fee
CUSD
School District(s)
MTM Fee
Gerson Baker Assoc
Management Company
Short Term Fee
Year Built
1991
Reno:
Ref. Pet Deposit
Total Units
675
Avg. Size 1,184 Non-Ref. Pet Deposit
$1,000
Class
A
Pet Rent
Garden
Construction Type
Locator Fees (%)
# Employees
Full: 12
Part:
1
Add.'l Locator Fees
3,6,12
Other Fees
Rent Subsidy Program(s) No
Other Fees
Yieldstar
Other Fees
Carports
Att. Garages
Det. Garages
Rentable Storage
Pest Control
Valet Trash
Internet
Pool View
Courtyard View
Fireplace
Vaulted Ceiling
2nd Floor
3rd Floor
View
Occupancy %
97.3%
Leased %
97.8%
30 Day Trend %
$50.00 off 1x1 12 month lease
Type
Res. Paid
N/A
Gas
TRUE
FALSE
Electric
TRUE
FALSE
Water
TRUE
FALSE
Sewer
TRUE
FALSE
Trash
TRUE
FALSE
RUBS
TRUE
FALSE
Compare
to Subject
3
5
6
6
#
1
1
One Bedroom
239
792
2
2.5
2x2.5 TH
218
1,235
2
2.5
2x2.5 TH
82
1,389
3
2
Three Bedroom
136
1,667
4
Totals
Averages
Additional Notes:
675
-
1,184
Unit Mix and Rents
Market
Market
Rent
PSF
Total SF % of Units
189,288
35%
$1,658
$2.09
269,230
32%
$2,125
$1.72
113,898
12%
$2,315
$1.67
226,712
20%
$2,603
$1.56
799,128
100% $1,403,350
$2,079
$1.76
Monthly Effective Effective
Special
Rent
PSF
$50
$1,608
$2.03
$0
$2,125
$1.72
$0
$2,315
$1.67
$0
$2,603
$1.56
$1,391,400
$18
$2,061
$1.74
Pinnacle
Conc. %
of Mkt
3.0%
0.0%
0.0%
0.0%
0.9%
Months
Free
0.0
0.0
0.0
0.0
0.0
 Jacuzzi
--Video Access
Guard House
 Tennis Court(s)
Business Center
 Sport Court(s)
Conference Room
 Sand Volleyball
Club House
 Jogging Trail
Theatre/Media Room
 Picnic/BBQ area
Game Room
 Playground
Laundry Room
 Putting Course
Fitness Center
--24 Hour
 Valet Trash
Rentable Storage

Sauna/Steam Room
Trash Chutes
 Recycle Bins
Fountains
General Interior:
 Crown Molding
 Fireplace
 9' or Greater Ceilings
 --Mantle
 Vaulted Ceilings
 Ceiling Fan(s)
 Built-in Desk
 Light Kit
 Track Lighting
 Alarm
 Other
 Wired for Alarm
Bedrooms/Baths:
 Balcony/Patio
 Vanity
 W/D Connections
 --double sink
 W/D Included
 Bay Windows
 Garden Tub
 Accent Walls
 Separate Showers
 Upgraded Carpet
 Linen Closet
 Hardwood/Laminate
 Walk-in Closets
 Other
 Granite/Marble Vanity
 High Speed Internet
 Mini Blinds
 Extra Storage
 Other
LEGEND














Access Gates














Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
Kitchen:
 Pantry
 Microwave
 Icemaker
 Dishwasher
 Disposal
 Tiled Backsplash
 Stainless Appliances
 White Appliances
 Granite Countertops
 Faux Granite
 Island Kitchens
 Other
 Other
Market Survey
1/30/15
Comp 2 - City Lights
Property Name
City Lights
City
Aliso Viejo
949.215.7368
Telephone
949.716.8531
Fax
CUSD
School District(s)
SHEA
Management Company
Year Built
2001
Reno
Total Units
793
Avg. Size
Class
A
Construction Type
Garden
# Employees
18
2-12
Yieldstar
941
Fees and Deposits
App. Fee - Single
App. Fee - Joint
Refundable Deposit
Admin Fee
MTM Fee
Short Term Fee
Ref. Pet Deposit
Pet Rent
Locator Fees (%)
Add.'l Locator Fees
Other Fees
Other Fees
Other Fees
$40
$80
$450
$600
Carports
Att. Garages
Det. Garages
Rentable Storage
Pest Control
Valet Trash
Internet
Pool View
Courtyard View
Fireplace
Vaulted Ceiling
2nd Floor
3rd Floor
View
Occupancy %
95.0%
Leased %
93.0%
30 Day Trend %
Res. Paid
N/A
Gas
TRUE
FALSE
Electric
TRUE
FALSE
Water
TRUE
FALSE
Sewer
TRUE
FALSE
Trash
TRUE
FALSE
RUBS
TRUE
FALSE
Compare
to Subject
1
3
2
4
5
5
6
5
#
1
1
One bedroom
74
598
1
1
One bedroom
139
708
1
1
1x1 Den
117
807
1
1
1x1 Den
110
912
2
2
Two Bedroom
91
1,028
2
2
Two Bedroom
89
1,090
2
2
2x2 Den
66
1,534
2
2
Two bedroom
107
1,097
8
Totals
Averages
Additional Notes:
793
-
941
Unit Mix and Rents
Market
Market
Rent
PSF
Total SF % of Units
44,252
9%
$1,585
$2.65
98,412
18%
$1,778
$2.51
94,419
15%
$1,874
$2.32
100,320
14%
$1,881
$2.06
93,548
11%
$2,164
$2.11
97,010
11%
$2,146
$1.97
101,244
8%
$2,619
$1.71
117,379
13%
$2,369
$2.16
746,584
100% $1,604,855
$2,024
$2.15
Monthly Effective Effective
Special
Rent
PSF
$0
$1,585
$2.65
$0
$1,778
$2.51
$0
$1,874
$2.32
$0
$1,881
$2.06
$0
$2,164
$2.11
$0
$2,146
$1.97
$0
$2,619
$1.71
$0
$2,369
$2.16
$1,604,855
$0
$2,024
$2.15
Pinnacle
Conc. %
of Mkt
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Months
Free
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
 Jacuzzi
--Video Access
Guard House
 Tennis Court(s)
Business Center
 Sport Court(s)
Conference Room
 Sand Volleyball
Club House
 Jogging Trail
Theatre/Media Room
 Picnic/BBQ area
Game Room
 Playground
Laundry Room
 Putting Course
Fitness Center
--24 Hour
 Valet Trash
Rentable Storage

Sauna/Steam Room
Trash Chutes
 Recycle Bins
Fountains
General Interior:
 Crown Molding
 Fireplace
 --Mantle
 Ceiling Fan(s)
 Built-in Desk
 Light Kit
 Entry/Coat Closet
 Track Lighting
 Alarm
 Other
 Wired for Alarm
Bedrooms/Baths:
 Balcony/Patio
 Vanity
 W/D Connections
 --double sink
 W/D Included
 Bay Windows
 Garden Tub
 Accent Walls
 Upgraded Carpet
 Linen Closet
 Walk-in Closets
 Other
 High Speed Internet
 Mini Blinds
 Extra Storage
 Other
LEGEND














Access Gates














Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
Kitchen:
 Pantry
 Microwave
 Icemaker
 Dishwasher
 Disposal
 Stainless Appliances
 White Appliances
 Faux Granite
 Island Kitchens
 Other
 Other
Market Survey
1/30/15
Comp 3 - Laurel Canyon
Property Name
Laurel Canyon
City
Ladera Ranch
949.481.0807
Telephone
949.388.8312
Fax
CUSD
School District(s)
Western National
Management Company
Year Built
2002
Reno
Total Units
220
Avg. Size
Class
A
Construction Type
Garden
# Employees
5
3,6,12
Yieldstar
Fees and Deposits
App. Fee - Single
$45
App. Fee - Joint
$45
Refundable Deposit
$300-500
Admin Fee
MTM Fee
Short Term Fee
2014 Ref. Pet Deposit
$500
1,028 Non-Ref. Pet Deposit
Pet Rent
Locator Fees (%)
Add.'l Locator Fees
Other Fees
Other Fees
Other Fees
Carports
Att. Garages
Det. Garages
Rentable Storage
Pest Control
Valet Trash
Internet
Pool View
Courtyard View
Fireplace
Vaulted Ceiling
2nd Floor
3rd Floor
View
Occupancy %
96.0%
Leased %
97.0%
30 Day Trend %
None
Res. Paid
N/A
Gas
TRUE
FALSE
Electric
TRUE
FALSE
Water
TRUE
FALSE
Sewer
TRUE
FALSE
Trash
TRUE
FALSE
RUBS
FALSE
FALSE
Compare
to Subject
3
4
5
5
6
#
1
1
One Bedroom
40
710
2
2
Two Bedroom
40
970
2
2.5
2x2.5 TH
70
1,170
2
2
Two Bedroom
50
1,040
3
2.5
3x2.5 TH
20
1,250
5
Totals
Averages
Additional Notes:
220
-
1,028
Unit Mix and Rents
Market
Rent
Total SF % of Units
28,400
18%
$1,835
38,800
18%
$2,155
81,900
32%
$2,240
52,000
23%
$2,215
25,000
9%
$2,725
226,100
100%
$481,650
$2,189
Market
PSF
$2.58
$2.22
$1.91
$2.13
$2.18
$2.13
Monthly
Special
$0
$0
$0
$0
$0
$0
Effective
Rent
$1,835
$2,155
$2,240
$2,215
$2,725
Effective
PSF
$2.58
$2.22
$1.91
$2.13
$2.18
$481,650
$2,189
$2.13
Pinnacle
Conc. %
of Mkt
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Months
Free
0.0
0.0
0.0
0.0
0.0
0.0
 Jacuzzi
--Video Access
Guard House
 Tennis Court(s)
Business Center
 Sport Court(s)
Conference Room
 Sand Volleyball
Club House
 Jogging Trail
Theatre/Media Room
 Picnic/BBQ area
Game Room
 Playground
Laundry Room
 Putting Course
Fitness Center
--24 Hour
 Valet Trash
Rentable Storage

Sauna/Steam Room
Trash Chutes
 Recycle Bins
Fountains
General Interior:
 Crown Molding
 Fireplace
 --Mantle
 Ceiling Fan(s)
 Built-in Desk
 Light Kit
 Track Lighting
 Alarm
 Other
 Wired for Alarm
Bedrooms/Baths:
 Balcony/Patio
 Vanity
 W/D Connections
 --double sink
 W/D Included
 Bay Windows
 Garden Tub
 Accent Walls
 Upgraded Carpet
 Linen Closet
 Walk-in Closets
 Other
 Mini Blinds
 Extra Storage
 Other
LEGEND














Access Gates














Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
Kitchen:
 Pantry
 Microwave
 Icemaker
 Dishwasher
 Disposal
 White Appliances
 Faux Granite
 Island Kitchens
 Maple cab/brushed nickel
 Other
 Other
Market Survey
1/30/15
Comp 4 - Vista At Laguna Niguel
Property Name
City
Laguna Niguel
Telephone
949.495.5928
Fax
949.388.8205
School District(s)
CUSD
Management Company RW Shelby
Year Built
2014
Reno
Total Units
176
Avg. Size
Class
A
Construction Type
Garden
# Employees
3
3,6,9,12
Rent Optimizer Program No
Compare
to Subject
5
5
#
Bed
2
2
2
Totals
Averages
Additional Notes:
993
#
Bath Unit Description Unit Mix SF/Unit
2
Two Bedroom
144
990
2
Two Bedroom
32
1,009
176
-
993
Fees and Deposits
App. Fee - Single
$39
App. Fee - Joint
Refundable Deposit
$399-650
Admin Fee
MTM Fee
Short Term Fee
Ref. Pet Deposit
$250-500
Pet Rent
Locator Fees (%)
Add.'l Locator Fees
Other Fees
Other Fees
Other Fees
Unit Mix and Rents
% of
Market
Total SF
Units
Rent
142,560
82%
$2,575
32,288
18%
$2,490
174,848
100%
$450,480
$2,560
Carports
Occupancy %
5.0%
Att. Garages
Leased %
9.7%
Det. Garages
30 Day Trend %
Rentable Storage
Free Applications
Pest Control
Valet Trash
Internet
Pool View
Res. Paid
N/A
Courtyard View
Gas
TRUE
FALSE
Fireplace
Electric
TRUE
FALSE
Vaulted Ceiling
Water
TRUE
FALSE
2nd Floor
Sewer
TRUE
FALSE
3rd Floor
Trash
TRUE
FALSE
View
RUBS
TRUE
FALSE
Market
PSF
$2.60
$2.47
$2.58
Monthly Effective Effective Conc. %
Special
Rent
PSF
of Mkt
$0
$2,575
$2.60
0.0%
$0
$2,490
$2.47
0.0%
$450,480
$0
$2,560
$2.58
0.0%
Pinnacle
Months
Free
0.0
0.0
0.0
--Video Access
 Jacuzzi
Guard House
 Tennis Court(s)
Business Center
 Sport Court(s)
Conference Room
Club House
 Sand Volleyball
Theatre/Media Room
 Jogging Trail
Game Room
 Picnic/BBQ area
Laundry Room
 Playground
Fitness Center
 Putting Course
--24 Hour
 Valet Trash
Rentable Storage
Sauna/Steam Room
 Trash Chutes
Fountains
 Recycle Bins
General Interior:
 Crown Molding
 Fireplace
 --Mantle
 Ceiling Fan(s)
 Built-in Desk
 Light Kit
 Track Lighting
 Alarm
 Other
 Wired for Alarm
Bedrooms/Baths:
 Balcony/Patio
 Vanity
 W/D Connections
 --double sink
 W/D Included
 Garden Tub
 Bay Windows
 Accent Walls
 Upgraded Carpet
 Linen Closet
 Walk-in Closets
 Other
 Mini Blinds
 Extra Storage
 Other
LEGEND














Access Gates














Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
Kitchen:
 Breakfast/Dining Room
 Pantry
 Microwave
 Icemaker
 Dishwasher
 Disposal
 Tiled Backsplash
 Faux Granite
 Island Kitchens
 Other
 Other
Market Survey
1/30/15
Comp 5 - Laurel Glen
Property Name
Laurel Glen
City
Ladera Ranch
949.218.4025
Telephone
949.218.4026
Fax
Capistrano U.S.D.
School District(s)
Western National
Management Company
Year Built
2003
Reno
Total Units
220
Avg. Size
Class
A
Construction Type
Garden
# Employees
6
6,9,12
44 units
Rent Subsidy Program(s) Yes
Yieldstar
Fees and Deposits
App. Fee - Single
App. Fee - Joint
Refundable Deposit
Admin Fee
MTM Fee
Short Term Fee
Ref. Pet Deposit
1,023 Non-Ref. Pet Deposit
Pet Rent
Locator Fees (%)
Add.'l Locator Fees
Other Fees
Other Fees
Other Fees
$45
$90
$500
$500
Carports
Att. Garages
Det. Garages
Rentable Storage
Pest Control
Valet Trash
Internet
Pool View
Courtyard View
Fireplace
Vaulted Ceiling
2nd Floor
3rd Floor
View
Occupancy %
96.5%
Leased %
97.8%
30 Day Trend %
Res. Paid
N/A
Gas
TRUE
FALSE
Electric
TRUE
FALSE
Water
TRUE
FALSE
Sewer
TRUE
FALSE
Trash
TRUE
FALSE
RUBS
TRUE
FALSE
Compare
to Subject
3
4
5
6
6
#
1
1
One Bedroom
40
710
2
2
Two Bedroom
40
975
2
2.5
2x2.5 TH
70
1,037
3
2
Three bedroom
50
1,200
3
2
3x2.5
20
1,250
5
Totals
Averages
Additional Notes:
220
-
1,023
Unit Mix and Rents
Market
Rent
Total SF % of Units
28,400
18%
$1,791
39,000
18%
$2,002
72,590
32%
$2,152
60,000
23%
$2,352
25,000
9%
$2,590
224,990
100%
$471,760
$2,144
Market
PSF
$2.52
$2.05
$2.08
$1.96
$2.07
$2.10
Monthly
Special
$0
$0
$0
$0
$0
$0
Effective
Rent
$1,791
$2,002
$2,152
$2,352
$2,590
Effective
PSF
$2.52
$2.05
$2.08
$1.96
$2.07
$471,760
$2,144
$2.10
Pinnacle
Conc. %
of Mkt
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Months
Free
0.0
0.0
0.0
0.0
0.0
0.0
 Jacuzzi
--Video Access
 Wireless Internet
Guard House
 Tennis Court(s)
Business Center
 Sport Court(s)
Conference Room
 Sand Volleyball
Club House
 Jogging Trail
Theatre/Media Room
 Picnic/BBQ area
Game Room
 Playground
Laundry Room
 Putting Course
Fitness Center
--24 Hour
 Valet Trash
Rentable Storage

Sauna/Steam Room
Trash Chutes
 Recycle Bins
Fountains
General Interior:
 Crown Molding
 Fireplace
 9' or Greater Ceilings
 --Mantle
 Ceiling Fan(s)
 Built-in Desk
 Light Kit
 Track Lighting
 Alarm
 Other
 Wired for Alarm
Bedrooms/Baths:
 Balcony/Patio
 Vanity
 W/D Connections
 --double sink
 W/D Included
 Bay Windows
 Garden Tub
 Accent Walls
 Upgraded Carpet
 Linen Closet
 Hardwood/Laminate
 Walk-in Closets
 Other
 Mini Blinds
 Extra Storage
 Other
LEGEND














Access Gates














Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
Kitchen:
 Pantry
 Microwave
 Frost Free 2-door
 Icemaker
 Self-Cleaning Oven
 Dishwasher
 Disposal
 Faux Granite
 Island Kitchens
 Other
 Other
Market Survey
1/30/15
Comp 6 - Career Lofts
Career Lofts
Laguna Niguel
Property Name
City
Telephone
Fax
School District(s)
Management Company
Year Built
Total Units
Class
Construction Type
# Employees
Rent Subsidy Program(s)
Rent Optimizer Program
Compare
to Subject
3
5
#
Bed
1
2
Laguna Niguel
UAP
2015
142
A
Mid-Rise
5
6, 9, 12
Yes
Reno
Avg. Size
929
No
#
Bath Unit Description Unit Mix SF/Unit
1
1BR
97
707
2
2BR
45
1,406
2
Totals
Averages
Additional Notes:
Rents are estimated.
142
-
929
Fees and Deposits
App. Fee - Single
$45
App. Fee - Joint
Refundable Deposit
$500
Admin Fee
$0
MTM Fee
$200
Short Term Fee
$100
Ref. Pet Deposit
$500
$0
Pet Rent
$35
Locator Fees (%)
0%
Add.'l Locator Fees
$0
Other Fees
Other Fees
Other Fees
Unit Mix and Rents
% of
Market
Total SF
Units
Rent
68,579
68%
$1,925
63,270
32%
$2,950
131,849
100%
$319,475
$2,250
Carports
Occupancy %
0.0%
Att. Garages
Leased %
0.0%
Det. Garages
30 Day Trend %
0.0%
Rentable Storage
Pest Control
Valet Trash
Internet
Pool View
Res. Paid
N/A
Courtyard View
Gas
TRUE
FALSE
Fireplace
Electric
TRUE
FALSE
Vaulted Ceiling
Water
TRUE
FALSE
2nd Floor
Sewer
TRUE
FALSE
3rd Floor
Trash
TRUE
FALSE
View
RUBS
TRUE
FALSE
Market
PSF
$2.72
$2.10
$2.42
Monthly Effective Effective Conc. %
Special
Rent
PSF
of Mkt
$0
$1,925
$2.72
0.0%
$0
$2,950
$2.10
0.0%
$319,475
$0
$2,250
$2.42
0.0%
Pinnacle
Months
Free
0.0
0.0
0.0
--Video Access
 Jacuzzi
Guard House
 Tennis Court(s)
Business Center
 Sport Court(s)
Conference Room
Club House
 Sand Volleyball
Theatre/Media Room
 Jogging Trail
Game Room
 Picnic/BBQ area
Laundry Room
 Playground
Fitness Center
 Putting Course
 Pet Park/Dog Run
--24 Hour
 Valet Trash
Rentable Storage
Sauna/Steam Room
 Trash Chutes
Fountains
 Recycle Bins
General Interior:
 Crown Molding
 Fireplace
 --Mantle
 Ceiling Fan(s)
 Built-in Desk
 Light Kit
 Track Lighting
 Alarm
 Other
 Wired for Alarm
Bedrooms/Baths:
 Balcony/Patio
 Vanity
 W/D Connections
 --double sink
 W/D Included
 Garden Tub
 Bay Windows
 Accent Walls
 Upgraded Carpet
 Linen Closet
 Walk-in Closets
 Other
 Granite/Marble Vanity
 Mini Blinds
 Extra Storage
 Other
LEGEND














Access Gates














Near Public Transit
Reserved Parking
Covered Parking
Garage-Attached
Garage-Detached
Elevator(s)
Freight Elevator
On-site management
Corporate rates
Bicycle racks
Recycle program
Other
Other
Kitchen:
 Pantry
 Microwave
 Frost Free 2-door
 Icemaker
 Dishwasher
 Disposal
 Tiled Backsplash
 Stainless Appliances
 Granite Countertops
 Faux Granite
 Island Kitchens
 Maple cab/brushed nickel
 Other
 Other
MARKETING
BUDGET
10
Establish Public Knowledge
Dec-14
Jan-15
Pre-Leasing Activities
Feb-15
Mar-15
Apr-15
May-15
C of Os
Stabilized
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
12 Month
TOTAL
ADVERTISING & PROMOTION
Print Advertising
$
-
$
-
$
-
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
850
$
10,200
Internet Advertising (SEM, SEO, ILS, PPC)
$
-
$
-
$
-
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
3,700
$
44,400
Other Advertising
$
400
$
400
$
400
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
590
$
7,080
Promotional
$
-
$
-
$
-
$
3,000
$
-
$
-
$
3,000
$
-
$
-
$
3,000
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
6,000
Marketing Services
$
300
$
300
$
300
$
760
$
760
$
760
$
760
$
560
$
560
$
560
$
560
$
560
$
560
$
560
$
460
$
460
$
460
$
460
$
6,520
Brochure/Collateral Material
$
-
$
5,000
$
15,000
$
-
$
-
$
-
$
300
$
-
$
300
$
-
$
300
$
-
$
300
$
-
$
300
$
-
$
300
$
-
$
1,800
Signs/Flags/Banners
$
10,000
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
Human Directional
$
-
$
-
$
-
$
770
$
770
$
770
$
770
$
770
$
770
$
770
$
770
$
770
$
770
$
-
$
-
$
-
$
-
$
-
$
5,390
Resident Referral Fees
$
-
$
-
$
-
$
-
$
-
$
-
$
500
$
1,000
$
1,500
$
2,500
$
2,500
$
2,500
$
2,000
$
2,000
$
2,000
$
2,500
$
2,500
$
2,500
$
24,000
iPad / Interactive Touch TV
$
-
$
-
$
-
$
5,000
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
284
$
3,408
Resident Touchpoint Surveys
$
-
$
-
$
-
$
-
$
-
$
-
$
48
$
48
$
48
$
48
$
48
$
48
$
48
$
48
$
48
$
48
$
48
$
48
$
579
Resident Activities
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
150
$
-
$
-
$
250
$
-
$
-
$
400
$
-
$
-
$
600
Miscellaneous Rental Expense
$
-
$
-
$
5,000
$
2,700
$
2,700
$
2,700
$
2,700
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
2,700
TOTAL ADVERTISING & PROMOTION
$
10,700
$
5,700
$
20,700
$ 17,370
$
9,654
$
9,654
$ 13,502
$
7,802
$
8,752
$
9,602
$
9,552
$
9,102
$
8,032
$
8,632
$
8,432
$
8,732
$
9,032
$
113,477
Totals
$ 37,100
$ 12,302
$ 36,678
COMMENTS:
Print Advertising - Allowance.
Internet Advertising - ForRent.com, ApartmentGuide.com, Apartments.com, MyNewPlace.com, Move.com, Pay Per Click Campaign, Retargeting, and Ongoing SEO.
Other Advertising - QR Code, Text to Lease Code, PopCard, property website hosting and development
Promotional - Direct mail three times during lease-up.
Marketing Services - Utilize a call service (Level One) to answer missed calls during and after business hours; pre leasing phone lines for trailer. Air Scent @ $80/month x 2.
Brochures/Collateral - Includes photography, videography, brochures and design fee for start up collateral, letterhead, business cards, envelopes & etc $300 every 2 mo. to replenish supplies during lease-up.
Signs/Banners - Purchase lifestyle banners, bootleg signs, and windmasters
Human Directional - Utilized on weekends during pre leasing to increase visibility and presence
Resident Referral Fees - Referral fees at $500 per referral
iPad / Interactive Touch TV - Initial purchase and set up plus monthly fees.
Resident Touchpoint Surveys
Resident Activities - allowance for low cost, high impact events during lease-up.
Misc Rental Expense - One time expense of $5k to purchase computers, phones, printer/scanner/fax (additional equipment will be included in FF&E budget); $2k/mo. for trailer rental for 4 months; $700/mo for furniture rental through Cort
UPSCALE LIVING
CAPABILITIES
11
UPSCALE LIVING CAPABILITIES
With approximately 135,000 units under management across 25
metropolitan areas, Pinnacle has the presence and expertise to
successfully manage urban and luxury assets. With over 30 years of
experience coupled with a platform approach, we have the unique
ability to create resident experiences that are tailored to each asset’s
demographic profile.
From new developments to stabilized assets, we can add value and
efficiency through our cohesive operational approach, experienced
national and regional teams, and agency-quality marketing services.
The Upscale Urban Living Demographic
Refined. Unique. Edgy. Affluent. Community-oriented. Creative. Retro.
Modern.
There are many adjectives to describe the ever-evolving upscale living
demographic, and every upscale asset speaks to a unique segment
of this group. Pinnacle’s approach is to combine intimate knowledge
of an asset’s target demographic with the asset’s own distinguishing
characteristics to most effectively promote the building. We have a finger
on the pulse of the latest upscale living innovations and are well equipped
to provide a modern, fresh perspective to any upscale asset.
MIXED-USE
Mixed-use developments are where Pinnacle brings it all together. We
embrace the upscale living experience through high-end, unique resident
functions, events and partnerships with local businesses. Cultivating
this synergy across many facets is central to maximizing the resident
experience.
2
UPSCALE LIVING CAPABILITIES
Lease-Up / Pre-Development
Stabilized Aspects
Whether a newly constructed asset or an idea for a breath-taking new
community, Pinnacle excels in giving any upscale asset a head start in
becoming a neighborhood’s next standard-bearer. Coming in at the ground
level, Pinnacle will tailor an approach that put’s the focus on creating and shining
the brightest light on the resident experience. With in-depth knowledge of
the asset, market area, and target demographic, we will develop a strategic
marketing campaign that speaks directly to the new resident.
With industry-leading operating and marketing approaches, Pinnacle
strives to invigorate the performance of any asset we manage. From day
one, we utilize our broad scope of experience and streamlined processes
to maximize the building’s performance. Whether an urban highrise or a
suburban garden community, Pinnacle has the vision and pedigree to bring
outstanding results to any upscale living asset.
Pinnacle’s Development Services team has overseen facilities for a variety of
high rise, mixed-use, student, and luxury garden assets. Our specialists focus
on preventive maintenance, sustainability, and develop property-specific
plans for go-forward operations. We offer opportunities to save capital by
scoping enhancements to benefit the property without overspending on
items that would neither protect the property nor add value.
Development Services and Construction Management
Clients can also utilize our expansive depth of the knowledge and experience
with Pinnacle’s pre-development consulting services.
With more than 140 combined years of experience, Pinnacle’s Development
Services & Construction Management team has completed projects for
multifamily, mixed use, residential retail, office and hospitality properties.
Our experience includes more than 30,000 ground up multifamily units
across the U.S. and construction value in excess of $1 billion.
3
UPSCALE LIVING CAPABILITIES | EXPERIENCE
VIKTORIA
EMPIRE LANDING
360 RESIDENCES
THE POST
SOHO PARKWAY
WATERFRONT PEARL
507 NORTHGATE
BOULEVARD
KARMA TOWERS
THE HENDRIX
ASPIRA
HEBRON 121 STATION
THE BEVERLY
UPTOWN SQUARE
CHATEAU WOODS
VITA AT CENTRAL PARK
VANTAGE
MOSAIC
THE HOMES ON ESPIRIT PARK
22 JOHN STREET
THE DUKE
885 WOODSIDE
COBALT ON 32ND
INDIGO
THE SYCAMORE AT SCOTTSDALE
4
UPSCALE LIVING CAPABILITIES | PINNACLE TEAM AND PROCESSES
REGIONAL TEAMS /
DEVELOPMENT SERVICES
Concept review
Floor plan review
Provide market survey
Establish market rents
and preliminary budget
and absorption schedule
MARKETING
TEAM
MARKETING /
DESIGN TEAM
Develop strategic
marketing plan – both
digital and outreach
Develop property
identity, resident
experience themes,
branding , and website
5
RESERVE
A T
RESERVE
C O N W A Y
A T
C O N W A Y
U P S C A L E L I V I N G C A P A B I L I T I E S | B R A N D I N G A N D T H E R E S I D ESN T IE XE
P E RN
I E N CA
E
ATCENTRALPARK
Property logo / naming
Brand Development
Without the right messaging, even the most impressive upscale
community is reduced to an example of unfulfilled potential and
missed opportunity. Pinnacle’s brand development team takes indepth market insight and intimate knowledge of the asset to create
a strong brand identity that resonates with the target demographic.
RESERVE
A T
RESERVE
C O N W A Y
A T
C O N W A Y
RESERVE
A T
C O N W A Y
AT C E NT R A L PA R K
SOLE
Outreach marketing
unique.
Éilan’sbeautifullyappointedmodernapartmentsarecraftedwith
detailsinspiredbyclassicTuscandesign,includinghardwoodfloors
and private balconies.These elegantly distinctive residences offer
easyaccesstoacompleterangeofamenitiesthatmakelifesimpler
andmoreenjoyable.Whetheraprimaryorsecondaryhome,living
atÉilanenablesyoutoexperienceasustainablelifestylewithout
sacrificingluxury,qualityorprivacy.Arangeofspaciousfloorplans
from461to2,041squarefeetawaityouatÉilan!Residentscan
choosefromover100floorplansoptionstomeetyoureverydesire!
THE
RESERVE
A T C O N W AY L A N D I N G S
THE
RESERVE
A T C O N W AY L A N D I N G S
•
FullsizeWasher&Dryer
•
StainlessSteelAppliances
k . p l ay.
•
GraniteCountertopsinKitchens&Baths
•
8’to28’CeilingHeights
•
CeilingFanswithUniqueUplighting
•
BambooWoodFlooringorCarpet
•
BrushedNickelCabinetHardware
•
Walk-inClosets
•
Pendant&Recessedlighting
•
CherryCabinets
ResortStylePool
•
PrivateÉventVenues
•
DanceStudio
•
Dining&Shopping
•
ÉilanHotel&Spa
•
FitnessCenter
•
Weddings&OtherÉvents
•
IndoorLapPool
•
Trolley
•
TennisCourts
•
PuppyPark
•
BusinessCenterServices
RESERVE
YOUR.COMMUNITY
A P A R T M E N T. F E A T U R E S
r
live.wo
•
A T
DIRECTIONS:
C O N W A Y
From I-10 West, take exit for La
Canterra Parkway. Turn right onto
La Canterra Parkway. Community
willbeontherighthandside.Follow
signs through out the community
fortheparkinggarage.
210.998.2977
17101LACANTERAPARKWAY
SANANTONIO,TX78256
Website and social media integration
Digital Marketing
More than 77 percent of people begin their apartment searches on the
Internet. It’s vital that an upscale living community has a strong online
presence. Pinnacle can provide a comprehensive digital marketing plan
that includes everything from website development to search engine
RESERVE
optimization to reputation management. In addition
to our wide breadth
A T
C O N W A Y
of digital experience, Pinnacle has a constant finger on the pulse of that
latest innovations in our ever-changing digital world.
RESERVE
A T
C O N W A Y
6
UPSCALE LIVING CAPABILITIES | CLIENT SATISFACTION
Proven Results
Representative Institutional Clients:
Exceeding expectations is always at the core of Pinnacle’s values. Recent
CEL Survey results, which measures satisfaction rates across the county,
revealed that Pinnacle continues to earn client approval year after year.
Aetna
AEW Capital Management
Bank of America
Blackstone
Canyon Capital Realty Advisors
Capri Capital Partners
The Carlyle Group
Centerline Capital Group
Cornerstone
CWCapital
Eaton Vance
GE Capital Real Estate
GEM Realty Capital
95 percent of clients said they were either very satisfied or satisfied with the
overall level of service and relationships.
Regional staff scored above 90 in responsiveness, knowledge and
professionalism.
Pinnacle exceeded the industry high in accounting services and reporting,
scoring a 96 among existing clients.
More than 90 percent of existing clients would recommend Pinnacle to their
industry peers.
Henderson Global Investors
Invesco Real Estate
J.P. Morgan Asset Management
Kennedy Wilson
LaSalle Investment Management
Prudential
Starlight U.S. Multi-Family
Starwood Capital Group
TIAA-CREF
UBS
USAA
Wells Fargo
7
UPSCALE LIVING CAPABILITIES | CONTACTS
NATIONAL CONTACTS
Rick Graf
President and CEO
Ph. (214) 891-7846
[email protected]
Jeremy Edmiston
Vice President Client Services
Ph. (214) 891-7868
[email protected]
Karen Nelson
Vice President - Client Services
Ph. (678) 977-4915
[email protected]
Stewart Hill
Vice President - Client Services
Ph. (206) 215-9727
[email protected]
REGIONAL CONTACTS
WEST
Eric Schwabe
Executive Vice President
Ph. (206) 215-9840
[email protected]
EAST
Woody Stone
Executive Vice President
Ph. (214) 891-7854
[email protected]
8

crown laguna

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