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<br />SdMrero : AROUS Ver.
<br />FNe : Marion J Courlhouse SQ. ~ s1y •152 ptk ~
<br />.~ Propeily Type : Ofllce d Relail Cow18 High Slreel~
<br />~ PaNdb . Salem, Orapon
<br />SCHEOULE OF PROSPECINE CASH FLOW
<br /> In InOaled Oolbss fa Ihe Fiscal Year bepimirp 1I111998
<br /> Year 1 Year 2
<br />19
<br />9 Year 3
<br />2000
<br />D Year ~
<br />Deo•2001 Yeer 5
<br />Dec-2002 Year A
<br />~ea2003 Year 7
<br />Dea2001 Year 8
<br />Dec•2005 Year 9
<br />Dec-2008 Year 10
<br />Deu2W7
<br />Fa Ihe Years Endinp Deo-199A Dec-
<br />9 ec•
<br />POTENTIAL GROSS REVENUE
<br />Beae Renlal Revenue __
<br />5734,502
<br />51,259,14A
<br />i1.259,148
<br />i1,259,1~A
<br />f1.259,1+8
<br />1 591/B tf ,258,1~8
<br />~~ss,~~e
<br />i1,459,148
<br />Scheduled Base Re~al Revenue ~ 73/,502 1,259,14E 1,259,148 1,259,148 1,259,148 1,259,1~8 1,Y59,148 1,259,148 1,~59,148
<br />Expense Raim6uRemenl Revenua
<br />CLEIWINO q~
<br />658
<br />9
<br />37,D71
<br />42,257
<br />41,654
<br />53,266
<br />56,102
<br />65,172
<br />71,4M
<br />7A,U50
<br />PERSOPNrEI ,
<br />2,882 10,298 N,739 13$36 1~,795
<br />9&5 16,~16
<br />094
<br />1 1E,102
<br />208
<br />1 18,857
<br />1
<br />315 21,881
<br />1.445
<br />~p~pR~~
<br />~ 1~9
<br />967
<br />1 6A~
<br />551
<br />7 783
<br />A
<br />809 8A3
<br />9,701 10,E48 ,
<br />12,0.79 ,
<br />13,215 ,
<br />1~,561 15,899
<br />OTHERMIUNT
<br />HW4CMAINT ,
<br />5a4
<br />2 ,
<br />9,611 ,
<br />10,956 12,351 13,810 15,313 18,e99 IB,534 20,23~
<br />ELEC MAINT ,
<br />537 2,060 2,J~T 1,6~T
<br />53
<br />A30 2,958
<br />170
<br />60 3,2&1
<br />76,
<br />66 3,821
<br />620
<br />73 3,973
<br />80,752 1,33~
<br />A8,161
<br />UTIIRIES 10,90A H,Bl6
<br />711
<br />1 11,T38
<br />957
<br />1 ,
<br />207
<br />2 ,
<br />468
<br />2 ,
<br />T35
<br />2 ,
<br />3,017 3,309 3,614
<br />SECURITYILLNE SAFTY MT , , , , ,
<br />v~ MANAGMENT FEE
<br />~ GROUI~DSIROADS NWINT
<br />z, REILL PROPERTY TAX
<br />~ INSURPJJCE
<br />1,519
<br />5.B36
<br />6.652
<br />7,501
<br />B,3B6
<br />. 9,303 10,258 11,251 12,26/
<br />~ PROF FEES
<br />O OTHER BlDO MGMT COSTS '
<br />89
<br />~~
<br />391
<br />442
<br />494
<br />5A6
<br />603
<br />662
<br />~ZZ
<br />U
<br />Tdal Reimbursemenl Revenue
<br />30,488
<br />117,OIB
<br />133,129
<br />150,462
<br />166,179
<br />186,601
<br />205,T75
<br />225,708
<br />246,~30
<br />~
<br />a
<br />~;
<br />x TOTAL POTENTWL GROSS REVENUE
<br />_
<br />781,990 ,
<br />1,376,196
<br />,.,~1,392,5TT
<br />1,409,610
<br />1,~21,~2]
<br />~445,755
<br />1,~8~.923
<br />1AB~.956
<br />1,505,5
<br />~z'., EFFECTIVE GROSS REVENUE 16/.99D 1,376,196 1392,577 1,409,610 1,,,2i,327 1,~45,155 1/W 3 1,IB4,856 1505 18
<br />'
<br />~
<br />OPERATINf3 EXPENSES
<br />~ CLEArNhIG EXP 72,T51 129,T05 134,891 1~0,289 145,901 151,737 15T,8a6 184,119
<br />~5
<br />SB9 170,6A3
<br />112
<br />4T
<br />PERSONNEL 20,209 36,019 37,~~0
<br />498
<br />2 38,969
<br />598
<br />1 /0,528
<br />2
<br />702 ~2,149
<br />810
<br />2 /3,835
<br />922
<br />2 ,
<br />3,039 ,
<br />3,161
<br />MINOR MAINT
<br />OTHER MAINT 1.317
<br />1~,d20 2,~02
<br />26,421 ,
<br />27,QB ,
<br />28,511 ,
<br />29,721 ,
<br />30,909 ,
<br />32,148 7.7,/34 3A,769
<br />MVAC MNNT ~ 18,861 33,627 3/,972 38,371 31,826
<br />8
<br />106 39,339
<br />43D
<br />8 40,913
<br />76T
<br />6 A2,5~9
<br />118
<br />9 ~~,251
<br />9,/a2
<br />EIECMAMIT ~,0/2
<br />182
<br />82 7,108
<br />519
<br />1~6 T,494
<br />380
<br />151 7,T94
<br />15A,~75 ,
<br />161,811 ,
<br />111,4U7 ,
<br />116,Z63 ,
<br />185,393 192,009
<br />UTLITIES
<br />SECURITYAUVE SAFTY ,
<br />3,388 ,
<br />A,005 ,
<br />6,2/5 6,195 6,155 7,025 7,306 i,59B T,901
<br />o MMWOMfNT fEE
<br />~ GRWN0.SIROAOS NWNT
<br />~ RFJ1L PROPERTY TAX
<br />M INSUWWCE
<br />11,452
<br />20,~17
<br />21,233
<br />22,OB3
<br />Y2,966
<br />23,Aa5
<br />21,840
<br />15,831
<br />26,B6T
<br />N PROF PEES
<br />OTHER BLDG ~AGMT COSTS
<br />,..-
<br />-• •_ 674
<br />_.. _ 1,201
<br />_,_ _ ~
<br />_ 1,299
<br />1,351.
<br />_ 1,,05
<br />_ _ 1,461
<br />__.1520
<br />.
<br />, 1,680
<br />M
<br />706
<br />219
<br />/09
<br />5~2
<br />125
<br />9U
<br />1/2
<br />950
<br />460,610
<br />119,096
<br />~9A,259
<br />51A,191
<br />536,916
<br />~ TOTAL OPERATING FJfPENSES , , ,
<br />, ,
<br />_
<br /> 6W
<br />966 966
<br />66~ 968
<br />660 966
<br />651 968
<br />659 966.6W . 966,665 966,662
<br />y,; NET OPERATNJG INCOME 535.28~ , , , ,
<br />_ , ~
<br />~
<br />w ~EqSING a CAPIiAI C05TS
<br />Mq,IOR M~INT
<br />11,479
<br />20,417
<br />21,233
<br />12.063
<br />22.966
<br />23,8&S
<br />24,840
<br />25,634
<br />26,861
<br />~
<br />N TOTAI LEASNJO 8 CAPITAI COSTS 11.179 20,~1T 21,233 22,OA3 22.968 23,!!5 2~ 640 25,834 26.867
<br />n
<br />^' DEVEIOPhENT COSTS
<br />p Wr01AC0UISITION COSTS
<br />F '9&'97lAND ACQ B6D.63~
<br />
<br />COSTS 980
<br />6~4
<br />TOTA~ UWD/ACQUISITION .
<br />h
<br />°~' (conUnued on ne~A PoAe)
<br />0
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<br />~ .
<br />0
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<br />Dale :10130f87
<br />Time ; 2:3Y pm
<br />" Re1N : AAP
<br />Pege :1
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