USA Courtney Downs LeaseCo, LLC

Budget Comparison
Books = Accrual
For the period ending July 31, 2006

MTD MTD YTD YTD Annual

Account Actual Budget $ Variance MTD Variance Comment Actual Budget $ Variance Budget YTD Variance Comment Filter
Revenue 0.01
Market Rent 355,720.00 356,985.00 (1,265.00) Due to market we can 2,490,040.00 2,492,515.00 (2,475.00) 4,302,534.00 9,994,054.00
not increase rents at this
time.
Loss / Gain to Lease 1,020.00 0.00 1,020.00 Some units residents (1,440.00) 0.00 (1,440.00) 0.00 (840.00)
are paying more than
market rent. Will adjust
for August.
Gross Potential Rent 356,740.00 356,985.00 (245.00) 2,488,600.00 2,492,515.00 (3,915.00) 4,302,534.00 9,993,214.00
Prepaid Homeowners Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Residential Rent 13.00 0.00 13.00 (18.00) 0.00 (18.00) 0.00 (10.00)
Vacancy Loss (24,375.41) (21,419.00) (2,956.41) Variance due to actual (222,591.99) (212,849.00) (9,742.99) (390,390.00) (884,324.80)
occupancy of 92%
verses 94% budgeted.
Upfront Rent Concessions (434.57) (2,000.00) 1,565.43 Positive variance due to (105,908.03) (14,000.00) (91,908.03) (24,000.00) (236,685.20)
reduced upfront
concessions.
Corporate Discount 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Delinquent Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adjustments & W/O (4,763.88) (500.00) (4,263.88) Correction made due to (14,898.90) (3,500.00) (11,398.90) (6,000.00) (45,325.56)
move out charges being
incorrectly posted.

Model Units (1,980.00) (1,980.00) 0.00 (13,860.00) (13,860.00) 0.00 (23,760.00) (55,440.00)
Courtesy Officer Apt. 0.00 (575.00) 575.00 No courtesy officer at (1,725.00) (4,025.00) 2,300.00 (6,900.00) (10,350.00)
this time.
Employee Apartment (1,780.80) (1,900.00) 119.20 (12,465.60) (13,300.00) 834.40 (22,800.00) (51,292.80)
Housekeeping & Maintenance Fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Guest Suite 0.00 (1,130.00) 1,130.00 No rentals this month. 0.00 (7,910.00) 7,910.00 (13,560.00) (13,560.00)
Lease Term Concessions (83,133.20) (87,436.00) 4,302.80 We have been reducing (493,637.10) (596,968.00) 103,330.90 (1,019,064.00) (2,172,604.60)
the prorated
concessions on select
units. Average
concession is $265 per
unit.
Homeowner's Assn Dues Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Homeowner Dues Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Model Units 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Lease Contract Difference 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Rental Income $240,285.14 $240,045.00 $240.14 $1,623,495.38 $1,626,103.00 $(2,607.62) $2,796,060.00 6,523,621.04
0.01
Laundry Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Vending Income 152.90 68.00 84.90 221.20 476.00 (254.80) 816.00 1,564.20
Covered Parking Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Late Charges & NSF Fees 3,163.00 2,300.00 863.00 Aggressive rental 11,886.45 16,100.00 (4,213.55) 27,600.00 57,698.90
collections.
Month to Month Premium 155.00 300.00 (145.00) 1,202.23 2,100.00 (897.77) 3,600.00 6,314.46
Storage Fees 649.68 1,300.00 (650.32) Fewer rentals than 6,575.22 9,100.00 (2,524.78) 15,600.00 30,049.80
anticipated.
Repair & Maintenance Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Application Fees 970.00 1,000.00 (30.00) 7,315.00 7,000.00 315.00 12,000.00 28,570.00
Termination Fees & Damages 625.00 1,033.00 (408.00) Less bad debt at move 13,547.86 7,231.00 6,316.86 12,396.00 40,741.72
out.
Miscellaneous Income 279.54 500.00 (220.46) 9,059.83 3,500.00 5,559.83 6,000.00 24,678.74
Renters Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Pet Rents & Fees 2,957.87 900.00 2,057.87 More pets on site than 17,290.48 6,300.00 10,990.48 10,800.00 51,296.70
anticipated. We take all
sizes but breed
restricted.
Tower Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Asset Management Fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Parking Spaces Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Homeowners Assessments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Garage Income 5,987.70 8,700.00 (2,712.30) Garage occupancy is 45,306.98 60,900.00 (15,593.02) 104,400.00 206,989.36
98%, some were given
free as a move in
incentive.
Water/Sewer Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cable/Telephone Income 1,006.00 1,000.00 6.00 7,042.00 7,000.00 42.00 12,000.00 28,096.00
HOA Contributions Developer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Developer HOA Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Forfeited Deposits 150.00 190.00 (40.00) 150.00 1,330.00 (1,180.00) 2,280.00 2,880.00
Developer Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Thunder Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Administration Fee 1,851.00 2,000.00 (149.00) 22,815.00 14,000.00 8,815.00 24,000.00 73,332.00
Move-Out Charges 2,026.18 929.00 1,097.18 Increase in damages at 28,384.32 6,503.00 21,881.32 11,148.00 71,969.00
move out. There was 23
move outs this month.

Short Term Lease Fees 505.00 225.00 280.00 Positive due to folks 1,833.15 1,575.00 258.15 2,700.00 7,376.30
buying homes do not
want to renew at this
time.
Extra-Ordinary Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Corporate Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Corporate Units - expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
HOA Developer Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Acquisition Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Rental 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - C.A.M. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income - Condo Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Other Income 20,478.87 20,445.00 33.87 172,629.72 143,115.00 29,514.72 245,340.00 631,557.18
0.01
Total Revenue $260,764.01 $260,490.00 $274.01 $1,796,125.10 $1,769,218.00 $26,907.10 $3,041,400.00 7,155,178.22
0.01
Expense 0.01
 Managers Salary 8,370.94 9,545.00 1,174.06 Fewer staff members at 61,285.18 71,586.00 10,300.82 124,082.00 286,344.00
this time. Interviewing
for replacements.
Salaries 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Maintenance Salary 14,312.58 6,660.00 (7,652.58) We are over in 74,564.94 49,951.00 (24,613.94) 86,582.00 199,804.00
maintenance payroll due
to additional porter
position that was not
budgeted, this is offset
in make ready expense.
Salary - Administrative 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Commissions & Bonus 4,039.90 3,500.00 (539.90) Higher number of 25,215.10 24,500.00 (715.10) 42,000.00 98,000.00
renewal bonuses paid in
July.
Payroll Taxes 2,105.22 1,576.00 (529.22) Payroll tax percentage 12,938.45 11,681.00 (1,257.45) 20,210.00 46,724.00
based on gross.
Group Insurance 1,349.00 1,442.00 93.00 10,469.00 10,094.00 (375.00) 17,304.00 40,376.00
Disability Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
401k Match 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contract Labor 1,017.97 0.00 (1,017.97) Temporary office help 11,165.31 0.00 (11,165.31) 0.00 0.00
needed to assist in the
office due to open
position.
Workers Comp 1,617.01 1,576.00 (41.01) 15,874.11 11,681.00 (4,193.11) 20,210.00 46,724.00
Total Salary Expense 32,812.62 24,299.00 (8,513.62) 211,512.09 179,493.00 (32,019.09) 310,388.00 717,972.00
0.01
Office Operations & Supplies 1,219.25 600.00 (619.25) Toner and repair of 7,251.77 4,200.00 (3,051.77) 7,200.00 16,800.00
business center copier.
Includes re-stock of
bussiness cards.
Telephones 835.86 1,080.00 244.14 6,681.50 7,560.00 878.50 12,960.00 30,240.00
Answering Svc. & Pagers 69.00 100.00 31.00 680.57 700.00 19.43 1,200.00 2,800.00
Postage & Delivery 103.95 200.00 96.05 1,114.84 1,400.00 285.16 2,400.00 5,600.00
Patrol Services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Membership Dues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Publications & Subscriptions 0.00 345.00 345.00 142.00 345.00 203.00 1,645.00 3,025.00
Conventions/Seminars 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Employee Training 95.00 100.00 5.00 1,560.75 1,700.00 139.25 2,200.00 5,800.00
Furniture Rental 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Car Expenses 0.00 200.00 200.00 16.20 1,400.00 1,383.80 2,400.00 5,600.00
Permits & Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Credit Checks 0.00 750.00 750.00 Monthly invoice was not 2,676.11 5,250.00 2,573.89 9,000.00 21,000.00
received prior to ACME.
Guest Suite Expense 1,720.76 0.00 (1,720.76) Reflects coat to set up 1,720.76 0.00 (1,720.76) 0.00 0.00
the quest suite. Includes
two months furniture
rental.
Parking Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expense 4,043.82 3,375.00 (668.82) 21,844.50 22,555.00 710.50 39,005.00 90,865.00
0.01
Advertising & Promotions 4,815.29 3,452.00 (1,363.29) Variance due to For 33,471.12 25,149.00 (8,322.12) 42,409.00 99,611.00
Rent Ad not budgeted.
Resident Promotions 1,819.46 2,500.00 680.54 Spent less than 6,241.79 6,375.00 133.21 10,300.00 28,050.00
budgeted.
Locators 1,676.50 1,033.00 (643.50) Reflects four locator 13,585.25 7,231.00 (6,354.25) 12,396.00 28,924.00
fees paid. Average 50%
fee.
Resident Referrals 1,000.00 900.00 (100.00) 9,500.00 6,300.00 (3,200.00) 10,800.00 25,200.00
Total Advertising Expense 9,311.25 7,885.00 (1,426.25) 62,798.16 45,055.00 (17,743.16) 75,905.00 181,785.00
0.01
Paint & Drywall 282.45 3,000.00 2,717.55 Positive variance due to 3,579.64 19,500.00 15,920.36 33,200.00 78,200.00
maintenance staff doing
all paints in house
instead of outside
contracting.
Contract Cleaning Svcs. 2,790.00 3,000.00 210.00 14,785.00 19,500.00 4,715.00 32,500.00 77,500.00
Carpet Cleaning & Repairs 605.00 1,500.00 895.00 More carpets needed 11,152.13 9,300.00 (1,852.13) 15,900.00 37,500.00
replacing this month
than cleans.
Window Coverings 0.00 200.00 200.00 693.09 1,400.00 706.91 2,400.00 5,600.00
Vinyl & Tile Repairs 0.00 500.00 500.00 No need to replace any 0.00 3,500.00 3,500.00 6,000.00 14,000.00
at this time.
Lock & Keys 0.00 100.00 100.00 54.31 700.00 645.69 1,200.00 2,800.00
Counter & Tub Resurfacing 450.00 100.00 (350.00) 635.00 700.00 65.00 1,200.00 2,800.00
Other Redecorating 0.00 100.00 100.00 218.86 700.00 481.14 1,200.00 2,800.00
Cleaning Supplies 191.91 300.00 108.09 620.45 2,100.00 1,479.55 3,600.00 8,400.00
Total Make Ready Expense 4,319.36 8,800.00 4,480.64 31,738.48 57,400.00 25,661.52 97,200.00 229,600.00

General Maintenance & Supplies 930.13 800.00 (130.13) 4,300.35 5,400.00 1,099.65 9,200.00 21,600.00
HVAC Parts & Repairs 0.00 150.00 150.00 532.98 1,050.00 517.02 1,800.00 4,200.00
Plumbing Parts & Repairs 85.40 75.00 (10.40) 870.03 525.00 (345.03) 4,200.00 5,400.00
Electric Parts & Repairs 0.00 150.00 150.00 1,042.92 1,050.00 7.08 1,800.00 4,200.00
Roof & Gutter Repairs 0.00 100.00 100.00 0.00 700.00 700.00 1,200.00 2,800.00
Pools & Fountains 655.01 1,400.00 744.99 Due to needing less 2,978.83 3,800.00 821.17 5,800.00 16,200.00
chemicals in the pool
and fountain.
Gates & Entrances 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Glass & Screens 855.08 50.00 (805.08) Overage due to 1,418.51 350.00 (1,068.51) 600.00 1,400.00
replacement of windows
in the clubhouse
damaged by vandalism.
Appliance Parts & Repairs 120.52 75.00 (45.52) 1,227.75 525.00 (702.75) 900.00 2,100.00
Hardware 0.00 150.00 150.00 423.99 1,050.00 626.01 1,800.00 4,200.00
Exterior Painting 0.00 100.00 100.00 90.11 700.00 609.89 1,200.00 2,800.00
Uniforms 1,300.00 1,300.00 0.00 1,455.56 2,100.00 644.44 2,100.00 8,900.00
Elevator Service & Repairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Security & Fire Systems 806.66 295.00 (511.66) Includes replacement of 1,353.31 2,065.00 711.69 11,540.00 16,260.00
damaged fire
extinquishers.
Uninsured Losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Locks & Keys 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bulbs & Ballasts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Maintenance Expense 4,752.80 4,645.00 (107.80) 15,694.34 19,315.00 3,620.66 42,140.00 90,060.00
0.01
Landscape & Grounds 2,990.51 2,745.00 (245.51) Variance due to cost to 16,519.03 18,225.00 1,705.97 32,205.00 74,145.00
replace main ID color to
improve curb appeal.
Trash Removal 535.90 775.00 239.10 3,508.82 6,175.00 2,666.18 10,050.00 23,950.00
Pest Control 75.00 75.00 0.00 525.00 525.00 0.00 900.00 2,100.00
Security Patrols 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Window Cleaning Svc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interior Cleaning Svc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 Cable Television 0.00 45.00 45.00 0.00 315.00 315.00 540.00 1,260.00
Snow Removal 0.00 0.00 0.00 (522.13) 4,500.00 5,022.13 8,000.00 17,000.00
Total Service Expense 3,601.41 3,640.00 38.59 20,030.72 29,740.00 9,709.28 51,695.00 118,455.00

Expenses - CAM - Electric 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Water/Sewer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Grounds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Trash Removal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Cleaning Svcs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses - CAM - R/E Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total CAM Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01
Management Fees 11,015.77 10,420.00 (595.77) Based on % of 74,018.61 70,770.00 (3,248.61) 121,658.00 284,038.00
collections.
Asset Management Fees 1,000.00 1,000.00 0.00 7,000.00 7,000.00 0.00 12,000.00 28,000.00
Investor Administration Fee 3,250.00 3,250.00 0.00 22,750.00 22,750.00 0.00 39,000.00 91,000.00
Legal Fees 697.80 550.00 (147.80) 9,867.70 3,850.00 (6,017.70) 6,600.00 15,400.00
Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Postage & Delivery 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Charges 0.00 0.00 0.00 (104.00) 0.00 104.00 0.00 0.00
Partnership Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Administrative Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Travel Expense 0.00 0.00 0.00 825.49 500.00 (325.49) 1,000.00 2,000.00
Employee Activities 0.00 50.00 50.00 332.58 350.00 17.42 2,600.00 3,400.00
Printing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Computer Consulting 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Computer Expense 2,181.25 1,400.00 (781.25) Cost for YARDI license 2,465.01 1,400.00 (1,065.01) 1,400.00 7,000.00
fee.
Bank Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Development Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Admin. Expense 18,144.82 16,670.00 (1,474.82) 117,155.39 106,620.00 (10,535.39) 184,258.00 430,838.00
0.01
Electricity 3,378.20 2,800.00 (578.20) Includes all common 23,839.31 19,600.00 (4,239.31) 33,600.00 78,400.00
areas.
Electricity Gas - Resident 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Natural Gas 1,189.28 1,800.00 610.72 We have turned down 18,563.31 20,460.00 1,896.69 35,120.00 79,640.00
the gas at the pool due
to the extreme summer
heat, which has resulted
in savings.
Water & Sewer 9,391.72 10,000.00 608.28 Based on billing from 63,112.32 63,000.00 (112.32) 106,000.00 252,000.00
Arapahoe County.
Water & Sewer - Resident Reimb (5,455.29) (4,500.00) 955.29 (30,077.82) (30,000.00) 77.82 (50,500.00) (119,500.00)
Water - irrigation 6,184.61 6,290.00 105.39 2,097.29 21,970.00 19,872.71 40,840.00 97,360.00
Electric - Tenant Reimbursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Trash Reimbursement (2,557.00) (2,200.00) 357.00 (13,952.99) (15,400.00) (1,447.01) (26,400.00) (61,600.00)
Water - Tenant Reimbursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Utility -Vacant Electric 1,473.09 1,700.00 226.91 7,261.95 11,900.00 4,638.05 20,400.00 47,600.00
Utility - Vacant Gas 341.22 405.00 63.78 4,850.43 6,010.00 1,159.57 9,820.00 22,650.00
Tenant Reimbursement - Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Utility Expense 13,945.83 16,295.00 2,349.17 75,693.80 97,540.00 21,846.20 168,880.00 396,550.00
0.01
Management Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Management Fees-MRLL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Property Legal Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Credit Card Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank Adjustments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Late Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
HOA Assessment Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fiduciary Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Custodial Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Thunder Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Management Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01
Property Taxes 27,619.00 27,200.00 (419.00) Based on anticipated 204,502.26 190,400.00 (14,102.26) 326,400.00 761,600.00
2006 taxes.
Franchise Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Insurance 7,120.90 6,691.00 (429.90) Pollution policy included. 49,062.04 46,837.00 (2,225.04) 80,292.00 187,348.00

Tax Consultants 0.00 0.00 0.00 700.00 0.00 (700.00) 0.00 0.00
MIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Taxes & Insurance 34,739.90 33,891.00 (848.90) 254,264.30 237,237.00 (17,027.30) 406,692.00 948,948.00
Total Operating Expenses 125,671.81 119,500.00 (6,171.81) 810,731.78 794,955.00 (15,776.78) 1,376,163.00 3,205,073.00
NET OPERATING INCOME 135,092.20 140,990.00 (5,897.80) 985,393.32 974,263.00 11,130.32 1,665,237.00 3,906,208.04
0.01
Base Rent 106,586.67 106,587.00 0.33 746,106.69 746,109.00 2.31 1,279,044.00 2,984,436.00
Stated Rent 86,666.67 86,667.00 0.33 606,666.69 606,669.00 2.31 1,040,004.00 2,426,676.00
Office Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Rent Expense 193,253.34 193,254.00 0.66 1,352,773.38 1,352,778.00 4.62 2,319,048.00 5,411,112.00
0.01
Mortgage Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loan Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Debt Service 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01
Partnership Legal Fees 0.00 0.00 0.00 1,510.50 0.00 (1,510.50) 0.00 0.00
Partnership Accounting Fees 0.00 0.00 0.00 764.30 0.00 (764.30) 0.00 0.00
Partnership Travel 0.00 0.00 0.00 305.62 0.00 (305.62) 0.00 0.00
Partnership - Meals 0.00 0.00 0.00 59.04 0.00 (59.04) 0.00 0.00
Partnership Fees - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Partnership Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Due Diligence Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dead Deal Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Partnership Exp- Leaseup Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Partnership Expense 0.00 0.00 0.00 2,639.46 0.00 (2,639.46) 0.00 0.00
0.01
Exterior Rehab 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interior Rehab 0.00 0.00 0.00 0.00 3,000.00 3,000.00 3,000.00 9,000.00
HVAC Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Carpet & Floor Replacement 2,834.77 6,600.00 3,765.23 Replaced three carpets 38,030.35 37,400.00 (630.35) 63,800.00 151,800.00
this month.
Refrigerators 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dishwashers & Ranges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 Washers / Dryers 236.72 0.00 (236.72) 236.72 0.00 (236.72) 0.00 0.00
Fire Alarm Replacement 4,658.23 0.00 (4,658.23) Cost to replace fire 4,658.23 0.00 (4,658.23) 0.00 0.00
panels damaged due to
lighting storm that
occurred 7-30-06.
Other Capital Improvements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Boiler Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Roof Replacement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Capital Expenses 7,729.72 6,600.00 (1,129.72) 42,925.30 40,400.00 (2,525.30) 66,800.00 160,800.00
0.01
Casualty Losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Casualty Recovery 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Casualty Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NET INCOME (LOSS) (65,890.86) (58,864.00) (7,026.86) (412,944.82) (418,915.00) 5,970.18 (720,611.00) (1,678,282.36)

Rental Guarantee 0.00 0.00 0.00 224,944.65 124,335.14 100,609.51 124,335.14 574,224.44
(65,890.86) (58,864.00) (7,026.86) (188,000.17) (294,579.86) 106,579.69 (596,275.86)
 USA Courtney Downs LeaseCo, LLC
Cash Flow (Actual + Budget)
Books = Accrual
For the 12 Months Ending Dec 2006

Jan 2006 Feb 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006 12 Month $/ $/
Account Actual Actual Actual Actual Actual Actual Actual Reforecast Reforecast Reforecast Reforecast Reforecast Total Unit Sq. Ft.
342 313,778
Revenue
Gross Potential Rent 356,941 356,261 353,425 356,370 356,790 352,042 356,753 356,985 360,554 364,160 364,160 364,160 4,298,601 12,569.01 13.70
- Vacancy (50,457) (41,504) (32,721) (25,521) (27,566) (20,448) (24,375) (28,559) (32,450) (36,416) (40,058) (40,058) (400,133) (1,169.98) (1.28)
- Concessions & Disc. (80,765) (83,296) (83,632) (87,552) (89,252) (91,481) (83,568) (85,000) (80,000) (80,000) (75,000) (75,000) (994,545) (2,908.03) (3.17)
- Other Write-offs & Adj. (5,393) (4,621) (13,129) (3,761) (3,761) (3,761) (8,525) (6,085) (6,085) (6,085) (6,085) (6,085) (73,375) (214.55) (0.23)
Total Rental Income 220,326 226,840 223,943 239,537 236,211 236,353 240,285 237,341 242,019 241,659 243,017 243,017 2,830,548 8,276.46 9.02

Other Income 26,619 19,852 32,398 25,588 26,964 20,730 20,479 22,000 20,445 20,445 20,445 20,445 276,410 808.22 0.88
Total Revenue 246,945 246,692 256,342 265,125 263,175 257,083 260,764 259,341 262,464 262,104 263,462 263,462 3,106,958 9,084.67 9.90

Operating Expenses
Salary Expense 31,314 27,779 25,751 34,224 28,896 30,735 32,813 20,239 24,299 24,299 24,299 37,759 342,407 1,001.19 1.09
Operating Expense 4,125 1,829 4,155 2,418 3,488 1,785 4,044 4,330 3,030 3,030 3,030 3,030 38,295 111.97 0.12
Advertising Expense 10,172 7,867 8,790 12,875 9,217 4,566 9,311 5,860 5,860 6,385 5,860 6,885 93,648 273.83 0.30
Make Ready Expense 2,824 1,468 6,877 3,034 6,347 6,868 4,319 8,700 8,200 7,900 7,500 7,500 71,538 209.18 0.23
Maintenance Expense 484 2,348 2,996 938 1,390 2,786 4,753 2,345 2,295 13,595 2,295 2,295 38,519 112.63 0.12
Service Expense 2,095 (1,911) 750 1,089 7,856 6,550 3,601 3,640 6,640 4,640 4,640 2,395 41,986 122.77 0.13
Administrative Expense 15,018 14,773 20,876 15,092 17,309 15,941 18,145 17,049 15,067 15,084 15,469 14,969 194,793 569.57 0.62
Utility Expense 17,811 10,978 5,261 9,118 8,907 9,673 13,946 16,295 16,655 16,590 10,900 10,900 147,034 429.92 0.47
Management Expense 1,732 605 (2,311) 0 (26) 0 0 0 0 0 0 0 0 0.00 0.00
Taxes & Insurance 34,178 39,883 33,892 33,962 41,050 36,561 34,740 33,891 33,891 37,237 37,237 37,237 433,756 1,268.29 1.38

Total Operating Exp. 119,755 105,619 107,036 112,750 124,435 115,464 125,672 112,349 115,937 128,760 111,230 122,970 1,401,976 4,099.35 4.47
Net Operating Income 127,190 141,073 149,305 152,375 138,740 141,618 135,092 146,992 146,527 133,345 152,233 140,493 1,704,982 4,985.33 5.43

Rent Expense 193,253 193,253 193,253 193,253 193,253 193,253 193,253 193,254 193,254 193,254 193,254 193,254 2,319,043 6,780.83 7.39
Partnership Expense 1,511 40 324 595 169 0 0 0 0 0 0 0 2,639 7.72 0.01
Capital Expense 3,871 (782) 8,204 6,055 3,698 14,150 7,730 6,600 6,600 6,600 3,300 3,300 69,325 202.71 0.22

Cash Flow Frm Operations (71,445) (51,438) (52,476) (47,528) (58,381) (65,785) (65,891) (52,862) (53,327) (66,510) (44,322) (56,062) (686,026) (2,005.92) (2.19)

Rent Guarantee 66,280 58,055 58,308 42,302 0 0 0 54,236 55,659 52,536 52,896 34,673 474,945

Balance Sheet Adjustments

Cash - Non Operating Accounts 792 (2,230) (4,698) 2,407 6,708 2,152 4,182 0 0 0 0 0 9,314
Accounts Receivable 9,672 (940) (590) 4,549 (4,100) (8,512) 14,748 0 0 0 0 0 14,826
Prepaid Assets 372 (275) 86 156 1,384 280 7,106 0 0 (30,110) 0 0 (21,000)
Escrow Deposits (34,325) (34,325) (34,325) (34,325) 324,584 (30,394) (30,394) (2,951) 29,227 (2,951) (2,951) (2,951) 143,919

Cash Increase (Decreae) From Assets (23,489) (37,770) (39,527) (27,213) 328,577 (36,473) (4,358) (2,951) 29,227 (33,061) (2,951) (2,951) 147,060

Accounts Payable (5,209) 4,548 22,679 5,948 (1,420) 65,950 8,685 (55,000) 0 0 0 0 46,181
Accrued Expenses 34,702 17,279 26,292 32,763 (282,521) 115,337 25,645 0 0 0 0 0 (30,504)
Other Payables 1,398 6,448 1,789 (2,315) (5,212) (3,153) (2,593) 0 0 0 0 0 (3,638)
Notess Payable 0 (763) (382) (382) (382) (701) (382) 0 0 0 0 0 (2,991)

Cash Increase (Decreae) From Liab. 30,890 27,511 50,377 36,014 (289,534) 177,433 31,355 (55,000) 0 0 0 0 9,048

NET CASH FLOW 2,236 (3,642) 16,682 3,574 (19,338) 75,176 (38,893) (56,577) 31,559 (47,034) 5,624 (24,339) (54,974)
CUMM. NET CASH FLOW 29,014 25,372 42,054 45,628 26,290 101,466 62,573 5,996 37,554 (9,480) (3,856) (28,196)

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$-

$(100,000)

$(200,000)

$(300,000)
Jan 2006 Feb 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006

NET CASH FLOW CUMM. NET CASH FLOW

Units
Sq. Ft.
### 384807

bayclub2 160 146,080

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

L30: administrator:
assume insurance increases by 50%

M30: administrator:
assume insurance increases by 50%

K46: administrator:
insurance downpayment

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

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

J47: administrator:
replacement reserve

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

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

M47: administrator:
replacement reserve + reduction in tax escrow due to overage
 Courtney Downs Apartments
July, 2006
LEASING & OCCUPANCY

NUMBER OF MOVE INS: 15 INCOME THIS MONTH: $260,764.00

NUMBER OF MOVE OUTS: 23 INCOME LAST MONTH (June): $257,082.90
NET FOR THE MONTH: -8 DIFFERENCE: 3681.1

TOTAL # GARAGES 120

# GARAGES OCCUPIED 116
OCCUPIED/LEASED %: 89.7%/92.6% GARAGES OCCUPIED % 97%

SOURCE OF TRAFFIC: REASONS WHY PROSPECTS DID NOT LEASE:

Traffic Leased
APTGUIDE.COM 7 1 * Job Transfer 10
APARTMENT GUIDE 0 1 * Too expensive. 25
YELLOW PAGES 0 0 * Future/No Availability/Waiting list 12
OTHER. NET 10 0 * Just started looking. 18
FOR RENT 0 0 * Waiting for Home to Sell 0
RENT.NET 0 0 * Current Lease to Expire 0
LIVES IN AREA 80 10 * Needs Ground Floor 0
RESIDENT REFERRAL 0 2 * Moved Elsewhere 0
LOCATORS 5 1 * Will return with roommate or spouse 9
RENT.COM 0 0 * Realtor Looking for Client 0
WALK-IN 0 0 * Undecided 0
SIGNAGE 0 0 * Employment pending 6
WORD OF MOUTH 1 1 * House sale pending 7
* Rented at Competitor 0
TOTALS 103 16 TOTALS 87

CLOSING RATIO: 33%

MARKETING ACTIVITIES & SOURCES FOR THE MONTH

* Updated all Internet ads with current pricing and specials.

* Cross marketed with 24 hours fitness.
* Cross marketed with Indigo Joe's restaurant.
* Met with local realtors and updated with short term leases.
* Updated all locators with current prices and specials.
* Eight new, bright red and white leasing signs placed on Jamison & Brocos Parkway as well as 12 new flutter flags.
* Took local church brochures and price sheet for new members.
* Continue to work with Human Resources at First data for all new hires.
* Met with Human Resources at King Soopers grocery store with packets for new hires.

OVERVIEW OF COMPARABLE PROPERTIES:

We are seeing a slight decline in concession given off per month to new residents.
This translates into one bedrooms starting at $619, two bedrooms at $725 and three bedrooms starting at $899.

RESIDENT RETENTION:
Renewals for July averaged an increase of $25.92.

INCIDENTS ON THE PROPERTY:

On 7/3/06 we experienced storm damage from severe lighting. The stikes hit buildings 6, 12, 16, 18, 19 and the Clubhouse.
On 7/9/06 a drunk driver drove their car into buiding #11 (carriage home) garage.
On 7/16/06 an unknown person(s) shot large pellets at the Clubhouse breaking 4 large windows.

MAINTENANCE: ROUTINE REPLACEMENTS:

Number
Number of: Replaced Apt. #
MARKET READY UNITS 10 REFRIGERATORS 0
COMPLETE PAINTS 7 DISHWASHERS 0
TOUCH UPS 3 STOVES 0
WORK ORDERS 175 A/C COMPRESSORS 0
Pending Completed 0 CONDENSING UNITS 0
Misc 0 15 15 WATER HEATERS 0
Electrical 0 32 32 ICE MAKERS 0
Punch 0 10 10 GARBAGE DISPOSALS 0
HVAC 0 18 18 MICROWAVES 0
Plumbing 0 89 89 CARPETS 2 4103 & 9207
Property Ext. 0 0 0 CEILING FANS 0
Appliances 0 11 11 TOILETS 0
Safety 0 0 0 A/C FAN MOTORS 0
Total 0 175 175 COUNTER TOPS 0
ROOF LEAKS 0 CABINETS RESURFACED KITCHEN 0

15201-2, 9305-1, 12306-1, 19306-1, 16101-2,

PLUMBING LEAKS 0 BLINDS 10 7311-1, 4202-2.
TUBS RESURFACED 0
TUB TILES 0

CAPITAL IMPROVEMENTS IN PROGRESS:

N/A in progress.

PROBLEM AREAS NEEDING ATTENTION:

Building 11 Fire room destroyed due to drunk driver, in the process of repair.
Windows in club house repaired due to pellet shots.
Fire panels repaired due to lighting strike on property.

CURRENT STAFF:

Manager Nancy Howland

Assistant Manager Wendy Gillan
Leasing Consultant Carrie McMillan
Leasing Consultant TBH
Maintenance Supervisor Gabriel Tellez
Assistant Maintenance Russell Briley
Maintenance/ Grounds Jorge Chavez and Jorge Bernal

ACCOMPLISHMENTS FOR THE MONTH:

Re-sodded buildings 2, 9, 13 and 10.
Stepping stones installed on side of business center.
Installed new leasing signs and flags on frontage roads.
Courtney Downs
RENTAL SCHEDULE
July 2006

EFFECTIVE EFFECTIVE EFFECTIVE Vacants Notice Net

UNIT TYPE #UNITS SIZE TOTAL MKT RENT MKT RENT MONTHLY ANNUAL CONCESSION CONCESSION PER S/F MONTHLY Vacants Leased Notice Leased Available
S/F PER UNIT PER S/F GROSS GROSS RENTS* PER UNIT GROSS
A1 1BR 40 704 28,160 830 1.18 $33,200 $398,400 690.00 140.00 0.98 $27,600 9 1 8 3 0
A1V 1BR 32 704 22,528 860 1.22 $27,520 $330,240 690.00 55.00 1.10 $31,000 2 0 1 0 2
A2 1BR 18 910 16,380 935 1.03 $16,830 $201,960 690.00 245.00 0.76 $12,420 1 0 1 1 5
B1 2BR 24 808 19,392 895 1.11 $21,480 $257,760 830.00 65.00 1.03 $19,920 9 0 4 1 12
B1V 2BR 32 808 25,856 925 1.14 $29,600 $355,200 830.00 95.00 1.03 $26,560 0 0 0 0 0
C 2BR 42 977 41,034 1130 1.16 $47,460 $569,520 830.00 300.00 0.85 $34,860 11 1 5 0 13
C1 2BR 44 1,030 45,320 1150 1.12 $50,600 $607,200 830.00 320.00 0.81 $36,520 4 0 2 1 7
C1V 2BR 22 1,030 22,660 1180 1.15 $25,960 $311,520 830.00 350.00 0.81 $18,260 0 0 0 0 0
CV 2BR 24 977 23,448 1150 1.18 $27,600 $331,200 830.00 320.00 0.85 $19,920 0 0 0 0 0
D 2BR 16 1,030 16,480 1150 1.12 $18,400 $220,800 830.00 320.00 0.81 $13,280 0 0 0 0 5
DV 2BR 20 1,030 20,600 1180 1.15 $23,600 $283,200 830.00 350.00 0.81 $16,600 0 0 0 0 0
E 3BR 24 1,140 27,360 1245 1.09 $29,880 $358,560 1,145.00 100.00 1.00 $27,480 3 1 1 1 3
EV 3BR 4 1,140 4,560 1255 1.10 $5,020 $60,240 1,145.00 110.00 1.00 $4,580 0 0 0 0 0

TOTAL 342 917 313,778 $1,044 $1.14 $357,150 $4,285,800 $845 $213 0.92 $289,000 39 3 22 7 47
* Net of Concessions
 MARKET SURVEY
Courtney Downs
July-06

Apartment Name Courtney Downs Coyote Ranch Windsor @ Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve @ South Creek
Address 15849 E. Jamison Dr16363 E Freemont Ave 9875 Jefferson Pkwy 6107 S Parker Rd 7550 S Blackhawk 16950 E Carlson Dr 15611 E Jamison Dr
Phone 720-870-6114 303-693-8787 303-256-7700 303-766-2500 303-362-2000 303-805-7220 303-680-6696
Location Englewood, Co Aurora, Co Englewood, Co 80112 Centennial, Co Englewood, Co 80112 Parker, Co 80134 Englewood, Co 80112
# of units 342 507 653 216 312 380 168
Age of Property 3 3 6 3 4 3 4
Application Fee $50.00 $35.00 $40.00 $35.00 $35.00 $35.00 $40.00
Credit Card yes yes yes yes yes yes yes
Pets Allowed yes yes yes yes yes yes yes
Pet Deposit 300 n/r 400-500 150-300 200-300 300-500 400 300-600
Sec. Deposit 150 275-325 300 100 199 99 225-375
W/D included Yes no no no no no no
Covered Parking no yes yes yes yes yes yes
Garage Detached yes yes yes yes yes yes
Cable Yes yes yes yes yes yes yes
Tennis Courts no no no no yes yes yes
# of pools 1 1 1 1 1 2 1
Weight Room yes yes yes yes yes yes yes
Jacuzzi yes 1 1 1 1 2 1
Ceiling Fans yes yes yes yes yes yes yes
Microwaves yes yes yes yes yes yes yes
Mini Blinds yes yes yes yes yes yes yes
FF Freezer yes yes yes yes yes yes yes
Icemakers yes yes yes yes yes yes yes
Fireplaces yes no yes yes yes yes yes
Access Gates no yes yes no yes yes yes
Alarm in Unit Prewired no yes yes yes no yes
Door to Door no no no no no no no
Aerobics/Kick Box no no no no no no no
Movie Room no yes yes yes yes yes yes
Computer Library yes yes yes yes yes yes yes
Indoor Basketball no no no no no no no
Water Charge yes no yes yes yes yes yes
 MARKET SURVEY
Courtney Downs
July-06
(Concessions reduced rates)

PROPERTY: Courtney Downs Apt Coyote Ranch Windsor at Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve@South Creek
PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF
Efficiency
Efficiency
1B1B (A) 690 704 0.98 690 779 0.89 655 627 1.04 619 685 0.90 710 768 0.92 660 707 0.93 575 763 0.75
1B1B (B) 690 808 0.85 735 853 0.86 655 701 0.93 660 705 0.94 740 842 0.88 759
1B1B w/study 690 910 0.76 805 811 0.91 789 760 0.96 780
1B
1B
1B w/loft
1B1B w/study 840 956 0.88 769 1051 0.73
2B2B (E) 830 977 0.85 790 1105 0.71 946 1044 0.91 1009 1120 0.90 855 1115 0.77 815 1033 0.79 725 1037 0.70
2B2B (F) 830 1030 0.81 790 1192 0.66 1050 1196 0.88 965 1220 0.79 829 1093 0.76
2B2B (G) 830 1030 0.81 1050 1180 0.89
2B2B (H)
2B2B
2B w/study
2B2B TH
2B2B TH
3B2B 1,245 1140 1.09 1170 1398 0.84 1500 1330 1.13 1154 1230 0.94 1100 1356 0.81 1028 1235 0.83 899 1257 0.72
3B2B

% occ /leased 89 93 95% 85 94 96% 0 0% 95 97 94% 97.0 96 93% 94.0 96 93% 92.0 95 96%
Avg PSF 1 0.88 0.79 0.95 0.90 0.83 0.83 0.72
Avg Rents 829 1114 994 808 874 1131 995
/ Avail)
Units(Total 342 38 507 20 653 216 12 312 15 360 32 0 168 8
Rates Special: 1x1, $690 2x2. $830. Special: $300 to $400 off market
Sepcial:None
12 mo lease. Special:100 to 200 off rentsSpecial:$199.00 security deposit
Special:
$99.00
Look refundable.
and Lease $200Special:
off 1st waive
full moapplication or waive deposits.
reflect these rates: $655 1/1 $840 2/2 $1500 3/2 Preferred employee program $300 of 1st full mo
specials: special were pulled off the internet
due to property will not give info.
Look and lease $250 off 1st full month
Ren: Free cleaning or carpet cleaning
Ren.: Increase
with renewal.
$0 to $50. Ren: Info not avail per corporate
Ren:Per corporate Ren: $40 increas for 12 month
Ren:lease
Average $15 to $20 increase.
Ren: Free carpet cleaning with 12mo.