12

54 2012 Actual YTD January February March April May June July August September October November December

Revenue

Gross Potential Rents 280,447.99 22,508.00 23,254.03 22,811.60 23,126.92 23,297.01 23,550.01 23,420.00 23,061.68 23,140.25 24,092.83 24,092.83 24,092.83

Vacancies (6,036.31) (38.00) (191.83) (303.67) (845.00) (918.00) (1,336.33) (548.33) (308.33) (266.33) (426.83) (426.83) (426.83)

Late Fee 535.00 150.00 75.00 (50.00) 100.00 75.00 50.00 45.00 30.00 30.00 30.00

NSF Fee 25.00 25.00

Laundry Income 4,167.89 356.38 286.75 314.00 289.63 290.50 354.00 289.88 388.50 532.75 532.75 532.75

Miscellaneous Income 5,409.98 220.94 9.38 2,380.71 719.83 498.42 632.81 590.00 612.89 (85.00) (85.00) (85.00)

Interest Income 140.72 11.38 10.74 11.57 11.29 11.77 11.47 11.96 12.04 11.75 12.25 12.25 12.25

Rents - Commercial -

TOTAL REVENUE 284,690.27 23,208.70 23,444.07 25,164.21 23,427.67 23,254.70 23,211.96 23,763.51 23,816.78 22,930.67 24,156.00 24,156.00 24,156.00

Expenses -

Resident Services -

Insurance 10,620.70 1,047.00 1,047.00 852.67 852.67 852.67 852.67 852.67 852.67 852.67 852.67 852.67 852.67

Property Taxes -

Contract Services 14,486.51 3,802.50 370.00 757.63 1,304.50 300.00 1,102.50 1,923.88 1,090.00 1,278.50 1,278.50 1,278.50

R & M - Contract (nonturns) 9,055.88 884.72 160.00 279.00 58.00 661.00 1,504.61 601.00 179.00 560.50 1,389.35 1,389.35 1,389.35

R & M - Contract (turns) 3,597.00 433.40 478.80 417.00 124.60 650.40 98.50 1,394.30 - -

R & M - Commercial -

R & M - Staff (nonturns) 6,041.10 577.62 708.44 592.83 377.99 1,649.57 443.57 146.19 166.59 143.61 1,234.69 - -

R & M - Staff (turns) 7,411.03 9.50 356.50 1,103.30 3,283.28 1,145.50 71.45 1,105.50 112.00 112.00 112.00

Landscaping -

Elevator Maintenance 5,507.16 1,032.78 1,057.06 318.98 1,032.78 1,032.78 1,032.78 - -

Security 2,100.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00 175.00

Replacement Reserves Eligible 4,100.50 1,475.00 2,625.50

Property Management Fees 26,761.40 2,192.50 2,175.69 2,300.33 2,122.20 2,243.00 2,189.37 2,184.67 2,223.24 2,208.65 2,307.25 2,307.25 2,307.25

Onsite Unit 6,860.00 555.00 555.00 575.00 575.00 575.00 575.00 575.00 575.00 575.00 575.00 575.00 575.00

Onsite Payroll 23,818.05 1,990.82 1,857.56 1,907.69 1,825.23 1,919.47 2,437.46 1,772.06 1,941.76 2,105.85 2,020.05 2,020.05 2,020.05

Advertising -

Office Supplies 169.06 83.25 33.50 7.99 44.32

Accting, Legal, Audit 8,746.28 664.92 663.76 663.76 663.76 663.76 663.76 663.76 663.76 858.76 858.76 858.76 858.76

License, Fees 3,026.57 197.26 272.29 597.34 209.02 197.77 195.69 190.85 368.55 186.85 203.65 203.65 203.65

Interest - NOAH 39,149.69 3,303.64 3,295.87 3,288.08 3,280.27 3,272.43 3,264.56 3,256.68 3,248.76 3,240.82 3,232.86 3,232.86 3,232.86

Interest - Partnership 41,600.88 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74 3,466.74

Electric 17,324.83 1,417.73 1,328.12 1,487.21 1,298.20 1,353.32 1,368.57 1,492.51 1,500.89 1,477.96 1,533.44 1,533.44 1,533.44

Water & Sewer 13,527.65 1,086.68 1,065.75 1,177.40 1,030.86 1,085.45 1,068.28 1,077.82 1,168.02 1,168.02 1,199.79 1,199.79 1,199.79

Natural Gas 387.58 43.64 46.93 22.57 21.08 44.18 11.28 32.96 34.86 34.86 31.74 31.74 31.74

Telephone 3,598.96 352.91 423.20 301.61 301.42 301.42 310.43 310.61 236.74 258.75 267.29 267.29 267.29

Garbage 4,744.16 394.15 394.15 394.15 394.15 394.15 401.33 394.15 401.33 394.15 394.15 394.15 394.15

Depreciation 221,727.86 19,181.56 18,413.30 18,413.30 18,413.30 18,413.30 18,413.30 18,413.30 18,413.30 18,413.30 18,413.30 18,413.30 18,413.30

Amortization 1,219.68 101.64 101.64 101.64 101.64 101.64 101.64 101.64 101.64 101.64 101.64 101.64 101.64

Mileage Expense 380.25 51.30 18.90 34.20 48.15 4.95 54.45 30.15 47.25 30.15 20.25 20.25 20.25

Miscellaneous Expense 617.97 20.00 13.50 81.97 167.50 167.50 167.50

Overhead -

Repairs/Litigation -

Replacement Reserve Deposits 16,774.56 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88 1,397.88

TOTAL EXPENSE (ALL) 493,355.31 43,947.49 40,985.93 39,973.81 40,491.63 42,480.58 43,316.99 39,440.87 40,236.68 38,823.13 43,660.58 39,998.81 39,998.81

OPERATING EXPENSE 185,556.70 17,893.91 14,233.38 14,704.05 15,229.68 17,226.47 15,445.25 14,202.51 15,006.24 13,600.63 18,446.04 14,784.27 14,784.27

NET OPERATING INCOME (208,665.04) (20,738.79) (17,541.86) (14,809.60) (17,063.96) (19,225.88) (20,105.03) (15,677.36) (16,419.90) (15,892.46) (19,504.58) (15,842.81) (15,842.81)

DCR NET OPERATING INCOME 99,133.57 5,314.79 9,210.69 10,460.16 8,197.99 6,028.23 7,766.71 9,561.00 8,810.54 9,330.04 5,709.96 9,371.73 9,371.73

Debt Payments -

Mortgage & Interest 69,470.28 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,789.94 5,790.94

Mortgage & Interest -

TOTAL DEBT SERVICE 69,470.28 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,788.94 5,789.94 5,790.94

Waterfall Payments -

Investor's Services Fee 5,701.86 633.46 316.73 316.73 316.73 316.73 316.73 316.73 316.73 949.43 950.43 951.43

GP Fee -

Accrued GP Interest -

Deferred Development Fee -

TOTAL WATERFALL PAYMENTS 5,701.86 - 633.46 316.73 316.73 316.73 316.73 316.73 316.73 316.73 949.43 950.43 951.43

Balance Sheet

Cash In Bank 17,706.44 8,918.47 17,724.98 7,105.52 12,080.25 16,685.17 24,803.14 32,932.02 36,164.27 39,792.47 40,161.56 39,210.76

Replacement Reserves 79,195.40 80,598.37 82,001.78 83,405.11 84,808.72 86,212.23 87,616.03 89,019.91 90,417.79 91,827.79 93,231.77 94,636.05

Operating Reserve 89,160.80 89,166.45 89,172.49 89,178.33 89,184.37 89,190.21 89,196.25 89,202.29 89,202.29 89,214.17 89,220.02 89,226.06

Accts Receivable -- Tenants 760.86 1,974.34 338.00 868.00 1,108.00 624.00 1,309.00 829.00 1,095.80 344.18 495.00

DCR (Operations) 1.43 0.92 1.59 1.81 1.42 1.04 1.34 1.65 1.52 1.61 0.99 1.62 1.62

DCR (Fees) 1.34 0.92 1.48 1.75 1.36 0.99 1.29 1.60 1.47 1.56 0.82 1.45 1.45

DCR (Waterfall) 1.34 0.92 1.48 1.75 1.36 0.99 1.29 1.60 1.47 1.56 0.82 1.45 1.45

Income Escalator 2.0% 3.0%

Expense Escalator 3.0% 2004

Add'l Expense Escalator (Utilities) 4.0% 1/1/2019

Vacancy Rate 5.0% 97.85%

Bedroom Count 1.1 3.3%

Total Units 54 311$

# of Home Units 11 12 2012

INCOME 2008 2009 2010 2011 2012 2012 YTD

2012

Budget

2012

Variance 2013 2014 2015 2016 2017 2018 2019 2020

Gross Potential Rents 256,296 261,148 261,198 262,434 280,448 280,448 282,550 (2,102) 286,057 291,778 297,614 303,566 309,637 315,830 322,147 328,590

TOTAL POTENTIAL RENT 256,296 261,148 261,198 262,434 280,448 280,448 282,550 (2,102) 286,057 291,778 297,614 303,566 309,637 315,830 322,147 328,590

VACANCY LOSS (5,901) (8,436) (8,099) (1,011) (6,036) (6,036) (4,238) (1,798) (14,303) (14,589) (14,881) (15,178) (15,482) (15,791) (16,107) (16,429)

Rent Concessions - - - - - - - - - - - - - - -

TOTAL RENTAL DEDUCTIONS (5,901) (8,436) (8,099) (1,011) (6,036) (6,036) (4,238) (1,798) (14,303) (14,589) (14,881) (15,178) (15,482) (15,791) (16,107) (16,429)

TOTAL RENT REVENUE 250,395 252,712 253,099 261,423 274,412 274,412 278,312 (3,900) 271,754 277,189 282,733 288,388 294,155 300,038 306,039 312,160

Late Fee 342 1,103 - 713 535 535 - 535 546 557 568 579 591 602 615 627

NSF Fee 25 50 - (44) 25 25 - 25 26 26 27 27 28 28 29 29

Laundry Fee 3,484 3,104 3,409 3,607 4,168 4,168 3,715 453 4,251 4,336 4,423 4,511 4,602 4,694 4,788 4,883

Miscellaneous Income 1,405 4,128 - 2,857 5,410 5,410 - 5,410 5,518 5,629 5,741 5,856 5,973 6,093 6,214 6,339

Interest Income 4,178 556 2,082 210 141 141 224 (83) 144 146 149 152 155 158 162 165

Rent- Commercial 75,248 25,083 - - - - - - - - - - - - - -

TOTAL INCOME 335,076 286,736 258,590 268,766 284,690 284,690 282,251 2,439 282,238 287,883 293,641 299,514 305,504 311,614 317,846 324,203

EXPENSES:

Resident Services 9,909 9,909 9,909 - - - - - - - - - - - -

Insurance 11,359 11,370 13,327 12,447 10,621 10,621 12,564 (1,943) 10,939 11,268 11,606 11,954 12,312 12,682 13,062 13,454

Property Taxes - - - - - - - - - - -

Contract Services 4,349 4,769 4,079 7,341 14,487 14,487 7,500 6,987 14,921 15,369 15,830 16,305 16,794 17,298 17,817 18,351

R & M - Contract (nonturns) 24,925 44,037 13,557 9,056 9,056 13,000 (3,944) 9,328 9,701 10,089 10,492 10,912 11,348 11,802 12,274

R & M - Contract (turns) 5,103 7,426 3,458 3,597 3,597 4,000 (403) 3,705 3,816 3,931 4,048 4,170 4,295 4,424 4,557

R & M - Commercial - 1,279 6,041 6,041 - 6,041 6,222 6,409 6,601 6,799 7,003 7,213 7,430 7,653

R & M - Staff (nonturns) 58,796 8,868 6,041 6,041 8,500 (2,459) 6,222 6,409 6,601 6,799 7,003 7,213 7,430 7,653

R & M - Staff (turns) 15,538 4,518 7,411 7,411 5,000 2,411 7,633 7,862 8,098 8,341 8,591 8,849 9,115 9,388

Landscaping - - - - - - - - - - -

Elevator Maintenance 4,715 5,507 5,507 5,500 7 5,672 5,843 6,018 6,198 6,384 6,576 6,773 6,976

Security 1,950 2,100 2,100 2,250 (150) 2,163 2,228 2,295 2,364 2,434 2,508 2,583 2,660

Replacement Reserves Eligible 1,735 - 4,101 - - - - - - - - -

Property Management Fees 25,310 24,803 26,761 26,761 27,145 (384) 27,564 28,391 29,243 30,120 31,024 31,955 32,913 33,901

Onsite Unit 6,077 6,180 6,180 6,460 6,860 6,860 6,860 - 7,066 7,278 7,496 7,721 7,953 8,191 8,437 8,690

Onsite Payroll 46,854 50,444 20,213 24,694 23,818 23,818 24,720 (902) 24,533 25,269 26,027 26,807 27,612 28,440 29,293 30,172

Advertising - - - - - - - - - - -

Office Supplies 502 444 413 612 169 169 780 (611) 174 179 185 190 196 202 208 214

Accting, Legal, Audit 10,417 9,925 7,464 9,959 8,746 8,746 10,094 (1,348) 9,009 9,279 9,557 9,844 10,139 10,444 10,757 11,080

License, Fees 6,833 7,273 7,259 6,092 3,027 3,027 4,429 (1,402) 3,117 3,211 3,307 3,406 3,509 3,614 3,722 3,834

Month of YTD Statements

Collection Loss 2011

OCCUPANCY RATE

RR contribution PUPY

12/31/2012 AFFORDABLE HOUSING MULTI-FAMILY

PROPERTY FISCAL YEAR

Reserve Escalator

1st Year Credit Period:

Extended Use Begins:

Interest - Noah 85,399 59,687 41,315 40,241 39,150 39,150 39,300 (150) 40,324 41,534 42,780 44,063 45,385 46,747 48,149 49,594

Interest - Partnership 41,601 41,601 41,601 41,601 41,601 41,601 41,600 1 42,849 44,134 45,458 46,822 48,227 49,674 51,164 52,699

Electric 15,364 15,408 14,312 15,666 17,325 17,325 17,361 (36) 17,845 18,380 18,931 19,499 20,084 20,687 21,307 21,947

Water & Sewer 7,924 8,240 10,693 12,210 13,528 13,528 13,844 (316) 13,933 14,351 14,782 15,225 15,682 16,153 16,637 17,136

Natural Gas 471 3,202 791 478 388 388 563 (175) 399 411 424 436 449 463 477 491

Telephone 884 851 2,391 2,978 3,599 3,599 3,100 499 3,707 3,818 3,933 4,051 4,172 4,297 4,426 4,559

Garbage 4,948 4,509 4,625 4,611 4,744 4,744 5,047 (303) 4,886 5,033 5,184 5,340 5,500 5,665 5,835 6,010

Depreciation 258,069 230,179 230,179 230,179 221,728 221,728 230,179 (8,451) 228,380 235,231 242,288 249,557 257,043 264,755 272,697 280,878

Amortization 1,220 1,220 1,220 1,220 1,220 1,220 1,220 (0) 1,256 1,294 1,333 1,373 1,414 1,456 1,500 1,545

Mileage Expense 915 690 496 640 380 380 754 (374) 392 403 416 428 441 454 468 482

Miscellaneous Expense 13 41 64 28 618 618 50 568 637 656 675 696 716 738 760 783

Overhead - - - - - - - - - - - - -

Repairs/Litigation - - - - - - - - - - - - -

Replacement Reserve Deposits 16,284 16,284 16,284 16,284 16,775 16,775 16,284 491 17,278 17,796 18,330 18,880 19,446 20,030 20,631 21,250

TOTAL EXPENSES 559,419 534,968 532,459 497,345 493,871 499,396 501,644 (7,773) 508,687 524,015 539,805 556,072 572,829 590,093 607,877 626,198

TOTAL OPERATING EXPENSES 163,221 192,372 208,235 182,370 189,798 191,598 189,345 453 195,492 201,424 207,536 213,835 220,326 227,014 233,906 241,008

NET INCOME (224,343) (248,232) (273,869) (228,580) (210,908) (214,706) (219,393) 8,485 (227,752) (237,461) (247,520) (257,941) (268,736) (279,918) (291,499) (303,493)

DCR NET OPERATING INCOME 171,855 94,364 50,355 86,396 93,165 93,092 92,906 259 85,443 85,130 84,748 84,295 83,767 83,161 82,472 81,697

DEBT SERVICE:

Principal/Interest 69,457 69,457 69,457 69,457 69,470 69,470 $69,457 13 69,470 69,470 69,470 69,470 69,470 69,470 69,470 69,470

Principal/Interest - - - - - - - - - - - - - - -

TOTAL DEBT SERVICE 69,457 69,457 69,457 69,457 69,470 69,470 69,457 13 69,470 69,470 69,470 69,470 69,470 69,470 69,470 69,470

NET CASH FLOW 102,398 24,907 (19,102) 16,939 23,698 23,622 23,449 249 15,975 15,662 15,281 14,828 14,300 13,693 13,005 12,230

RESERVES:

Operating Reserves 86,750 87,127 89,044 89,155 89,161 89,161 89,161 91,836 94,591 97,428 100,351 103,362 106,463 109,657 112,946

Replacement Reserves 70,815 78,394 78,455 77,792 79,195 79,195 79,195 81,571 84,018 86,539 89,135 91,809 94,563 97,400 100,322

FEE / WATERFALL PAYMENTS:

Investor Services Fee 3,377 3,478 3,582 3,690 5,702 5,702 3,801 1,901 5,873 6,049 6,231 6,417 6,610 6,808 7,013 7,223

GP Fee 11,255 11,593 - 12,299 - - 12,299 (12,299) - - - - - - - -

Accrued GP Interest - - - - - - - - - - - - - - -

Deferred Development Fee - - 28,000 30,000 - - 30,000 (30,000) - - - - - - - -

WATERFALL BALANCE 14,632 15,071 31,582 45,989 5,702 5,702 46,100 (40,398) 5,873 6,049 6,231 6,417 6,610 6,808 7,013 7,223

Critical Asset Management Indicators

<5% Economic Vacancy Rate 2% 3% 3% 0% 2% 2% 1% 1% 5% 5% 5% 5% 5% 5% 5% 5%

> 1.15 DCR (Operations) 2.47 1.36 0.72 1.24 1.34 1.34 1.34 0 1.23 1.23 1.22 1.21 1.21 1.20 1.19 1.18

DCR (Fees) 2.43 1.31 0.67 1.19 1.29 1.26 1.28 0 1.17 1.17 1.16 1.15 1.14 1.13 1.12 1.11

DCR (Waterfall) 2.26 1.14 0.27 0.58 1.29 1.26 0.67 1 1.17 1.17 1.16 1.15 1.14 1.13 1.12 1.11

> $400 Net Cash Flow PUPY before Waterfall 1,896 461 (354) 314 439 437 434 5 296 290 283 275 265 254 241 226

5% - 8% Net Cash Flow as % of Revenues 31% 9% -7% 6% 8% 8% 8% 0% 6% 5% 5% 5% 5% 4% 4% 4%

10% - 15% Net Cash Flow as % of Expenses 63% 13% -9% 9% 12% 12% 12% 0% 8% 8% 7% 7% 6% 6% 6% 5%

> 2% Percent Change in GPR 2% 0% 0.5% 6% 6% 1% 6% 2% 2% 2% 2% 2% 2% 2% 2%

< 1.5% Collection Loss as % of GPR -2.3% -3.2% -3.1% -0.4% -2.2% -2.2% -1.5% -1% -5.0% -5.0% -5.0% -5.0% -5.0% -5.0% -5.0% -5.0%

< 70% Expense to Revenue Ratio 49% 67% 81% 68% 67% 67% 67% 0% 70% 70% 71% 72% 72% 73% 74% 75%

< $5K Total Operating Expenses PUPY 3,023 3,562 3,856 3,377 3,515 3,548 3,506 8 3,620 3,730 3,843 3,960 4,080 4,204 4,332 4,463

Debt Burden PUPY 1,286 1,286 1,286 1,286 1,286 1,286 1,286 0 1,286 1,286 1,286 1,286 1,286 1,286 1,286 1,286

Total Income PUPY 6,205 5,310 4,789 4,977 5,272 5,272 5,227 45 5,227 5,331 5,438 5,547 5,657 5,771 5,886 6,004

< $1K Non-Turn Expense 29,273 48,807 62,875 36,431 37,191 37,191 36,750 441 38,306 39,549 40,832 42,158 43,528 44,943 46,405 47,915

Non-Turn Expense as % of Op Exp 18% 25% 30% 20% 19% 19% 19% (0) 19% 19% 19% 19% 19% 19% 19% 19%

Turn Expense 5,103 7,426 15,538 9,711 12,370 15,109 9,000 3,370 12,741 13,124 13,517 13,923 14,341 14,771 15,214 15,670

Turn Expense as % of Op Exp 3% 4% 7% 5% 7% 8% 5% 0 7% 7% 7% 7% 7% 7% 7% 7%

Utility Expense 28,707 31,359 30,421 32,965 35,984 35,984 36,815 (831) 37,064 38,176 39,321 40,501 41,716 42,967 44,256 45,584

Utility Expense as % of Op Exp 18% 16% 15% 18% 19% 19% 19% -1% 19% 19% 19% 19% 19% 19% 19% 19%

Jan 11 June 11 Mar 12 2013

Beds Units Jan 11 Jun 11 2012 5 7 2 10 12 5/7 2/10 12

Studio 5 350 370 385 8,750 12,950 3,700 19,250 21,000 21,700 22,950 23,100

Studio 7 370 390 405 12,950 19,110 5,460 28,350 31,080 32,060 33,810 34,020

1 13 360 380 395 23,400 34,580 9,880 51,350 56,160 57,980 61,230 61,620

1 21 430 450 470 45,150 66,150 18,900 98,700 108,360 111,300 117,600 118,440

2 6 425 445 465 12,750 18,690 5,340 27,900 30,600 31,440 33,240 33,480

2 2 530 555 575 5,300 7,770 2,220 11,500 12,720 13,070 13,720 13,800

54 2,465 2,590 2,695 259,920 267,550 282,550 284,460

21,660 22,296 23,546 23,705

Onsite Increase in 2012 5.61%

Increase in 2011 2.94%

Increase in June 5.07%

Increase in March 4.05%

# of

Bedrooms

Number

of units

%

Restricted

Max

Allowable

Actual Tenant-

Paid Rents

Utility

Allowance

SVdP

Subsidy /

Unit

SVdP

Subsidy /

Level Pass Thru

5 Studio 5 50% $518 $385 $47 $86 $430 $615

7 Studio 7 60% $604 $405 $47 $152 $1,064 $861

13 1 Bedroom 13 50% $555 $395 $60 $100 $1,300 $1,599

21 1 Bedroom 21 60% $666 $470 $60 $136 $2,856 $2,583

12 2 Bedroom 6 50% $666 $465 $75 $126 $756 $738

4 2 Bedroom 2 60% $799 $575 $75 $149 $298 $246

62 Total Units 54 $123

Monthly Subsidy $5,210 $5,166

Annual Subsidy $62,520 $61,992

Difference

11 Units @ 50%

42 Units @ 60%

(14 Floating LCC Units) No HOME on LCC units

Mgrs Unit Exempt

LIHTC: 40 @ 60%

AFFORDABLE HOUSING MULTI-FAMILY PROPERTY

$528

Net Billed

Beginning

Accounts

Receivable

(ending AR

balance from 1

month ago)

Ending

Accounts

Receivable

Bad Debt

Amt.

Collected on

Arrears

% of

Arrears

Collected

% of

Current

Rent

Collected

Jan. 22,658.00$ 849.86 760.86$ 0.00 89.00$ 10.47% 100%

Feb. 23,329.03$ 760.86$ 1,974.34$ 0.00 (1,213.48)$ -159.49% 95%

March 22,761.60$ 1,974.34$ 338.00$ 0.00 1,636.34$ 82.88% 107%

April 23,251.92$ 338.00$ 868.00$ 0.00 (530.00)$ -156.80% 98%

May 23,372.01$ 868.00$ 1,108.00$ 0.00 (240.00)$ -27.65% 99%

June 23,550.01$ 1,108.00$ 624.00$ 0.00 484.00$ 43.68% 102%

July 23,420.00$ 624.00$ 1,309.00$ 0.00 (685.00)$ -109.78% 97%

Aug. 23,111.68$ 1,309.00$ 829.00$ 0.00 480.00$ 36.67% 102%

Sept. 23,185.25$ 829.00$ -$ 0.00 829.00$ 100.00% 104%

Oct. 24,122.83$ -$ 1,095.80$ 0.00 (1,095.80)$ #DIV/0! 95%

Nov. 24,122.83$ 1,095.80$ 344.18$ 0.00 751.62$ 68.59% 103%

Dec. 24,122.83$ 344.18$ 495.00$ 0.00 (150.82)$ -43.82% 99%

YTD Avg. % of Current Rent Collected 100%

YTD Avg. % of Arrears Collected #DIV/0!

Current Collection Rate

Formula = Total Actual Rent $ Collected during the Period - Amt. Collected on Arrears

GPR-Vacancy Loss+NSF and Damage Charges (Net Billed)

% Arrears Collected

Formula = Amount Collected on Past Due Amts.

Total Amt. Due for the Prior Period