Trend Report OPERATING METRICS

Andante Apartments MTD Actual Andante Apartments MTD Budget variance variance percent YTD variance YTD % Property Name: Holly Street Apartments Ownership Entity: Holly Street LP Regional Manager: John Gregory Total Units: 374 Square Footage: 328,328 1/13/20122:45 PM Trend Report OPERATING METRICS Dec 2011 Nov 2011 Oct 2011 Sept 2011 August 2011 July 2011 June 2011 May 2011 Apr 2011 Mar 2011 Feb 2011 Jan 2011 Dec 2010 Physical Occupancy (Mthly Ave) 9570% 9560% 9480% 9480% 9510% 9330% 9440% 9310% 9360% 9380% 9380% 9530% 9580% Economic Occupancy 9360% 9330% 9260% 9250% 9290% 9110% 9260% 9120% 9090% 9180% 9210% 9300% 9350% Variance: Physical - Economic 210% 230% 220% 230% 220% 220% 180% 190% 270% 200% 170% 230% 230% Concessions/Allowances (10,000) (10,323) (10,323) (10,491) (10,323) (9,923) (9,923) (8,216) (12,349) (8,109) (5,824) (10,394) (10,193) Traffic 15 64 59 51 88 55 79 97 83 71 76 70 47 Applicants 8 14 18 17 42 31 21 33 23 15 17 17 10 Gross Closing Ratio 53% 22% 31% 33% 48% 56% 27% 34% 28% 21% 22% 24% 21% Cancels 2 2 4 10 6 8 7 7 4 3 4 3 1 Denials 0 0 1 0 0 0 0 3 2 1 1 0 0 Net Rentals 6 12 13 7 36 23 14 23 17 11 12 14 9 Net Closing Ratio 40% 19% 22% 14% 41% 42% 18% 24% 20% 15% 16% 20% 19% Expirations 13 16 17 33 35 29 30 33 24 21 24 28 11 Renewals 4 11 7 12 11 7 13 11 14 11 11 17 4 Move-Outs 16 13 9 22 25 19 18 13 19 15 20 13 9 % Expirations 3% 4% 5% 9% 9% 8% 8% 9% 6% 6% 6% 7% 3% % Renewals 1% 3% 2% 3% 3% 2% 3% 3% 4% 3% 3% 5% 1% % Move - outs 4% 3% 2% 6% 7% 5% 5% 3% 5% 4% 5% 3% 2% Annualized Turnover 54% 52% 50% 50% 49% 48% 49% 47% 47% 47% 47% 45% 45% Move-ins 13 13 15 24 22 22 21 11 21 8 15 11 7 Average Market Rent / unit 1783 1733 1704 1683 1672 1723 1762 1719 1702 1749 1689 1717 1703 Average GPR / unit 1770 1765 1768 1768 1769 1775 1747 1755 1745 1747 1756 1754 1748 Average LTL / unit 12-32 -63-86 -97-51 15-37 -42 2-67 -37-45 $ LTL / unit 1% -2% -4% -5% -6% -3% 1% -2% -2% 0% -4% -2% -3% * Leasing activity based on AME dates SUBMARKET OVERVIEW The average occupancy for Holly Street continued to increased this month; going from 956% to 957% The properties average occupancy was is in line with area comps The Pasadena market has continued to stabilize with regards to rental rates and occupancy percentages: City Place (935%), Terraces (944%), Arpeggio (971%), and Westgate (962%) Archstone (975%), Gateway Villas (957%), and Archstone Del Mar Station (948%), experienced an increase in occupancy Most of the competitors are operating on a price optimizer system and are only offering minimal concessions Properties in the Pasadena market are seeing the opportunity for rents to be increased at the time of renewal December 2011 YTD variance Account Description ACTUAL BUDGET Variance % of Var Variance % of Var VARIANCE NOTES Revenue Total Apartment Rent (662,149) (653,744) 8,405 13% 58,448 07% In line with budget Total Allowances/Vacancies 42,590 52,646 10,056 191% 4,497 07% In line with budget Total Other Rental Income 0 0 0 00% 5,379 00% In line with budget Other Income (25,102) (18,472) 6,630 359% 36,115 160% MTD/YTD:Retained/Refunded Deposits and Garage Parking/Storage increased usage due to higher occupancy Bad Debt Write Off (26,683) 2,400 29,083 12118% 18,926 476% In line with budget Total Operating Income (671,344) (617,170) 54,174 88% 123,365 17% Operating Expenses Salary Expense 26,164 32,689 6,525 200% 1,605 04% MTD: Short staffed in December Marketing Expense 7,421 4,180 (3,241) (775%) 7,004 112% YTD due to true savings in Printed Media-Ads ($6,086) and ample supply of Stationary/Brochures ($10,605) Taxes & Insurance 123,547 125,822 2,275 18% 4,405 03% In line with budget Turnover Costs 7,845 4,942 (2,903) (587%) (28,032) (481%) MTD: Painting and Wall Covering YTD: Higher than budgeted move outs Repairs & Maintenance 58,735 26,364 (32,371) (1228%) (40,419) (120%) MTD: Unpaid cleaning contract invoices YTD: 21 catagories showed overages in Repairs and Maintenance Utilities 13,659 18,169 4,510 248% (1,570) (07%) MTD: Lower than budgeted water usage General & Administrative 34,300 29,945 (4,355) (145%) (9,124) (24%) MTD: PM fees due to increased revenue along with parking permits (218 vs 156), offset by increased garage charges Total Operating Expenses 271,672 242,111 (29,561) (122%) (66,131) (22%) NOI Before Debt Service (399,672) (375,059) 24,613 66% 57,234 13%

Holly Street Apartments MTD Actual Holly Street Apartments MTD Budget Holly Street Apartments YTD Actual Holly Street Apartments YTD Budget Property Name: Holly Street Apartments Ownership Entity: Holly Street LP Regional Manager: John Gregory Total Units: 374 Square Footage: 328,328 1/13/20122:45 PM SARES-REGIS Management Company December 2011 Year-to-Date Actual Budget Variance % Actual Budget Variance % Variance Explanation Operating Income Rental Income Apartment Rent Gross Potential Rent (666,678) (619,595) 47,083 76% (7,717,644) (7,450,477) 267,167 36% MTD: We were able to raise rents due to higher than expected occupancy and demand Loss to Lease 22,947 (15,731) (38,678) 2459% 38,445 (170,588) (209,033) 1225% Increased market rents Retail Space Rent (18,418) (18,418) 0 00% (219,227) (218,913) 314 01% Total Apartment Rent (662,149) (653,744) 8,405 13% (7,898,426) (7,839,978) 58,448 07% In line with budget Allowances/Vacancies Model Allowances 3,725 3,725 0 00% 44,700 44,610 (90) (02%) In line with budget Employee Allowances 6,275 6,409 134 21% 71,498 76,908 5,410 70% YTD favorable variance is a result of the maintenance supervisor position not being open for two months Vacancies 28,198 38,120 9,922 260% 439,060 438,237 (823) (02%) MTD actual Vacancy factor of 43% versus 58% budgeted Vacancies - Retail 4,392 4,392 0 00% 52,704 52,704 0 00% In line with budget Total Allowances/Vacancies 42,590 52,646 10,056 191% 607,962 612,459 4,497 07% Net Rental Income (619,559) (601,098) 18,461 31% (7,290,463) (7,227,519) 62,944 09% In line with budgtet Other Rental Income Upgrade Unit Rent 0 0 0 00% (3,085) 0 3,085 00% MTD/YTD in line with budget; and reflect corrections made to the previous Reno II amenity charge MTM/Short Term Rent 0 0 0 00% (2,294) 0 2,294 00% Total Other Rental Income 0 0 0 00% (5,379) 0 5,379 00% Other Income (25,102) (18,472) 6,630 359% (261,439) (225,324) 36,115 160% MTD: 2 lease break fees totalling $807600 and 3 30-day notice payout charges totalling $1378 caused a $4549 favorable variance in Retained/Refunded deposits Also we had higher than budgeted income from parking meters ($3260), parking spots ($1288) and storage ($1650) This added $2723 to the monthly favorable variance YTD: Cumulative monthly overages totalling $20,249 in Retained/Refunded deposits, and $12,114 in parking gave us a $36,115 favorable annual variance in other income Bad Debt Write Off (26,683) 2,400 29,083 12118% 20,874 39,800 18,926 476% MTD: Change in prepaid rent from November to December was $12,468 Change in delinquency from November to December was $8444 and budgeted at $0 11 FAS from August to December were edited this month to close out for the year This caused an additional $7314 favorable monthly variance in write offs YTD: Change in prepaid rent for the year totalled $19,998, and annual cumulative change in delinquency for the year totalled $4427 This favorable variance was offset by the unfavorable write off variance of $5499 Total Operating Income (671,344) (617,170) 54,174 88% (7,536,408) (7,413,043) 123,365 17% Operating Expenses Salary Expense 26,164 32,689 6,525 200% 389,113 390,718 1,605 04% MTD: We were short a bookkeeper this month, and used temporary help for leasing consultants In addtion to the salary savings of $3577 we saved $2592 in payroll taxes, workers comp and insurance 1

Property Name: Holly Street Apartments Ownership Entity: Holly Street LP Regional Manager: John Gregory Total Units: 374 Square Footage: 328,328 1/13/20122:45 PM SARES-REGIS Management Company December 2011 Year-to-Date Variance Explanation Actual Budget Variance % Actual Budget Variance % Marketing Expense 7,421 4,180 (3,241) (775%) 55,657 62,661 7,004 112% MTD: 6 rentcom vs budget of 1, UV of $2184 in outside leasing commissions Resident relations credit of $750 for flood, and $1000 credit to match ECPAC donation, causing additional UV of $1485 YTD: Unused monies for stationary and brochures due to ample supply saved us $10,198 and cutting back on printed media ads saved us $6192 These were offset by Resident relations credits totalling $8941 vs budget of $5K Taxes & Insurance 123,547 125,822 2,275 18% 1,512,427 1,516,832 4,405 03% In line with budget Turnover Costs 7,845 4,942 (2,903) (587%) 86,345 58,313 (28,032) (481%) MTD: Unfavorable Variance due to painting and wall coverings variance of $3312 due to payment of past due invoices at the end of the year YTD: Variance due to 202 move outs versus 177 budgeted causing higher than anticipated painting expenses Repairs & Maintenance 58,735 26,364 (32,371) (1228%) 376,057 335,638 (40,419) (120%) MTD: Unpaid invoices from June and September in cleaning contract, and one reclassed invoice for cleaning contract caused an unfavorable variance of $16,174 Interior building added $4054 to the unfavorable variance October - December monthly service and palm tree pruning put us over for the month by $8822 in landscape contract YTD: Cumulative monthly overage in Interior building contract for drywall repairs, tub reglazes and shower door repair added up to an unfavorable variance of $16,782 for the year Also, we were $8055 over in Plumbing Services due to more than expected plumbing issues Additional smaller overages in General Maintenance Supplies, HVAC contract, HVAC supplies, Keys and Locks, Landscape Contract, Light Bulbs, Painting and Wall Covering, Plumbing Services, Roof, Small Tools, Window Cleaning Contact and Window Cleaning Supplies added $31,701 to the unfavorable variance Utilities 13,659 18,169 4,510 248% 220,718 219,148 (1,570) (07%) MTD: Favorable variance in utilites for the month is due to lower than expected water invoice Savings in water was $4456 General & Administrative 34,300 29,945 (4,355) (145%) 392,799 383,675 (9,124) (24%) MTD: There were 10 former residents who paid through the collection agency this month causing an unfavorable variance of $2460 in collection agency fees Also, legal fees totalling $2914 put us an additional $1414 over for the month Property Management fees were $1505 over in December due to higher than budgeted income YTD: Property Management fees were $5143 over for the year due to higher than expected income We were also over in Licenses and Permits by $4590 due to increased parking permits, Bank Charges by $1037, Collection Agency Fees by $2460, and Dues and Subscriptions by $3295 These were offset by legal fees favorable variance of $6205 due to collecting fees from residents Total Operating Expenses NOI Before Debt Service 271,672 242,111 (29,561) (122%) 3,033,116 2,966,985 (66,131) (22%) (399,672) (375,059) 24,613 66% (4,503,292) (4,446,058) 57,234 13% MTD/YTD favorable variance reflects: a 25% increase in Net Rental Income ($15,194); a 272% decrease in Total Bad Debt Write Off ($10,157); and a 303% savings in Utilities ($6,080) Debt Service Interest-First Trust Deed Interest-Second Trust Deed (5,826) 28,263 34,089 1206% 66,529 339,156 272,627 804% MTD/YTD favorable variance due to a significant decrease in Interest-First Trust Deed due to lower floater bonds 32,142 32,142 0 00% 385,700 385,704 4 00% In-line with budget Letter of Credit Fees 19,792 20,451 660 32% 240,797 241,453 656 03% In-line with budget Bond Administration Fees 6,480 6,480 (0) (00%) 78,809 78,805 (4) (00%) In-line with budget 2

Property Name: Holly Street Apartments Ownership Entity: Holly Street LP Regional Manager: John Gregory Total Units: 374 Square Footage: 328,328 1/13/20122:45 PM Operating Notes December 2011 Staffing ly, there are two Leasing Consultant positions available; interviews are being conducted Market Trends ( Rates, Traffic, New Construction, etc) The average occupancy for Holly Street continued to increased this month; going from 956% to 957% The properties average occupancy was is in line with area comps The Pasadena market has continued to stabilize with regards to rental rates and occupancy percentages: City Place (935%), Terraces (944%), Arpeggio (971%), and Westgate (962%) Archstone (975%), Gateway Villas (957%), and Archstone Del Mar Station (948%), experienced an increase in occupancy Most of the competitors are operating on a price optimizer system and are only offering minimal concessions Properties in the Pasadena market are see the opportunity for rents to be increased at the time of renewal Maintenance Projects/Trends The emergency light project is underway and projected to be completed on /by December 18th Operations Notes There is currently 1 person at legal, all others who were sent 3 days paid

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multi Family Property Management Division Cash Basis Operating Summary Date: 12/30/2011 Time: 12:21:19 PM Prepared By: Stephanie Tan Page 1 of 2 Economic Occupancy Physical Occupancy Operating Income Rental Income Apartment Rent - Gross Potential Rent - Retail Space Rent - Loss to Lease - Total Apartment Rent Allowances/Vacancies - Model Allowances - Employee Allowances - Vacancies - Vacancies - Retail Total Allowances/Vacancies - Net Rental Income Other Rental Income - Upgrade Unit Rent - MTM/Short Term Rent - Total Other Rental Income - Total Other Income - Total Bad Debt Write Off - Total Operating Income Operating Expenses - Salary Expense - Marketing Expense - Taxes & Insurance - Turnover Costs Metrics MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year 000% 000% 936% 919% (16%) (18%) 923% 922% (01%) (01%) 913% 957% 942% (16%) (17%) 944% 944% (00%) (00%) 945% 000% 000% 000% 000% 0 0 0 000% 0 0 0 000% 0 000% 000% (666,678) (619,595) 47,083 760% (7,717,644) (7,450,477) 267,167 359% (7,567,980) (18,418) (18,418) 0 000% (219,227) (218,913) 314 014% (244,833) 22,947 (15,731) (38,678) (24587%) 38,445 (170,588) (209,033) (12254%) (148,766) (662,149) (653,744) 8,405 129% (7,898,426) (7,839,978) 58,448 075% (7,961,579) 000% 000% 000% 000% 3,725 3,725 0 000% 44,700 44,610 (90) (020%) 44,609 6,275 6,409 134 208% 71,498 76,908 5,410 703% 78,513 28,198 38,120 9,922 2603% 439,060 438,237 (823) (019%) 436,578 4,392 4,392 0 000% 52,704 52,704 0 000% 131,769 42,590 52,646 10,056 1910% 607,962 612,459 4,497 073% 691,469 000% 000% (619,559) (601,098) 18,461 307% (7,290,463) (7,227,519) 62,944 087% (7,270,110) 000% 000% 000% 000% 000% 000% 0 0 0 000% (3,085) 0 3,085 000% (1,524) 0 0 0 000% (2,294) 0 2,294 000% 0 0 0 0 000% (5,379) 0 5,379 000% (1,524) 000% 000% (25,102) (18,472) 6,630 3589% (261,439) (225,324) 36,115 1603% (213,165) 0 0 0 000% 0 0 0 000% 0 (26,683) 2,400 29,083 121179% 20,874 39,800 18,926 4755% 28,326 0 0 0 000% 0 0 0 000% 0 (671,344) (617,170) 54,174 878% (7,536,408) (7,413,043) 123,365 166% (7,456,473) 000% 000% 000% 000% 26,164 32,689 6,525 1996% 389,113 390,718 1,605 041% 440,464 7,421 4,180 (3,241) (7753%) 55,657 62,661 7,004 1118% 65,930 123,547 125,822 2,275 181% 1,512,427 1,516,832 4,405 029% 1,522,971 7,845 4,942 (2,903) (5874%) 86,345 58,313 (28,032) (4807%) 55,164

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multi Family Property Management Division Cash Basis Operating Summary Date: 12/30/2011 Time: 12:21:19 PM Prepared By: Stephanie Tan Page 2 of 2 Metrics MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year - Repairs & Maintenance 58,735 26,364 (32,371) (12278%) 376,057 335,638 (40,419) (1204%) 303,997 - Utilities 13,659 18,169 4,510 2482% 220,718 219,148 (1,570) (072%) 227,202 - General & Administrative 34,300 29,945 (4,355) (1454%) 392,799 383,675 (9,124) (238%) 381,309 000% 000% - Total Operating Expenses 271,672 242,111 (29,561) (1221%) 3,033,116 2,966,985 (66,131) (223%) 2,997,036 000% 000% NOI Before Debt Service (399,672) (375,059) 24,613 656% (4,503,292) (4,446,058) 57,234 129% (4,459,437) 000% 000% Debt Service 000% 000% - Interest-First Trust Deed (5,826) 28,263 34,089 12061% 66,529 339,156 272,627 8038% 88,913 - Interest-Second Trust Deed 32,142 32,142 0 000% 385,700 385,704 4 000% 385,700 - Letter of Credit Fees 19,792 20,451 660 322% 240,797 241,453 656 027% 241,547 - Bond Administration Fees 6,480 6,480 (0) (000%) 78,809 78,805 (4) (000%) 85,498 - Total Debt Service 52,588 87,336 34,749 3979% 771,835 1,045,118 273,283 2615% 801,658 000% 000% - NOI After Debt Service (347,084) (287,723) 59,361 2063% (3,731,457) (3,400,940) 330,517 972% (3,657,779) 000% 000% - Capital Repair & Replacement (37,582) 10,675 48,257 45205% 305,786 268,979 (36,807) (1368%) 302,767 - Non-Operating (Income)/Expense (232) (300) (68) (2265%) (24,808) (80,600) (55,792) (6922%) (59,641) - Total Distributable (Cashflow)/Deficit (384,898) (277,348) 107,550 3878% (3,450,480) (3,212,561) 237,919 741% (3,414,653) 000% 000% (Contributions)/Distributions 000% 000% - Owners Contributions (19,022) 0 19,022 000% (100,947) 0 100,947 000% (182,214) - Owners Distributions 662,849 0 (662,849) 000% 3,575,918 0 (3,575,918) 000% 3,291,428 Total (Contributions)/Distributions 643,827 0 (643,827) 000% 3,474,972 0 (3,474,972) 000% 3,109,214 000% 000% Net After Distribution 258,929 (277,348) (536,277) (19336%) 24,491 (3,212,561) (3,237,052) (10076%) (305,439) Other (Sources) & Uses (304,301) 7,458 311,759 418019% (116,122) 264,917 381,039 14383% 274,985 (Increase)/Decrease in Cash Position (45,372) (269,890) (224,518) (8319%) (91,631) (2,947,644) (2,856,013) (9689%) (30,454) 000% 000%

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multifamily Property Management Division Cash Basis Statement of Operations Date: 12/30/2011 Time: 12:28:15 PM Prepared By: Stephanie Tan Page 1 of 7 P & L Standard Detail M MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year 000% 000% Economic Occupancy 936% 919% (16%) (18%) 923% 922% (01%) (01%) 913% Physical Occupancy 957% 942% (16%) (17%) 944% 944% (00%) (00%) 945% 000% 000% Operating Income 0 0 0 000% 0 0 0 000% 0 Rental Income 000% 000% Apartment Rent 000% 000% - Gross Potential Rent (666,678) (619,595) 47,083 760% (7,717,644) (7,450,477) 267,167 359% (7,567,980) - Retail Space Rent (18,418) (18,418) 0 000% (219,227) (218,913) 314 014% (244,833) - Loss to Lease 22,947 (15,731) (38,678) (24587%) 38,445 (170,588) (209,033) (12254%) (148,766) - Total Apartment Rent (662,149) (653,744) 8,405 129% (7,898,426) (7,839,978) 58,448 075% (7,961,579) 000% 000% Allowances/Vacancies 000% 000% - Employee Allowances 6,275 6,409 134 208% 71,498 76,908 5,410 703% 78,513 - Model Allowances 3,725 3,725 0 000% 44,700 44,610 (90) (020%) 44,609 - Vacancies 28,198 38,120 9,922 2603% 439,060 438,237 (823) (019%) 436,578 - Vacancies - Retail 4,392 4,392 0 000% 52,704 52,704 0 000% 131,769 - Total Allow/Vacancies 42,590 52,646 10,056 1910% 607,962 612,459 4,497 073% 691,469 000% 000% - Net Rental Income (619,559) (601,098) 18,461 307% (7,290,463) (7,227,519) 62,944 087% (7,270,110) 000% 000% Other Rental Income 000% 000% - Upgrade Unit Rent 0 0 0 000% (3,085) 0 3,085 000% (1,524) - MTM/Short Term Rent 0 0 0 000% (2,294) 0 2,294 000% 0 - Total Other Rental Income 0 0 0 000% (5,379) 0 5,379 000% (1,524) 000% 000% Other Income 000% 000% - Retained/Refunded Deposit (9,649) (5,100) 4,549 8920% (81,449) (61,200) 20,249 3309% (58,462) - NSF-Late Charges (1,824) (2,000) (176) (881%) (22,691) (24,000) (1,309) (546%) (25,363) - Ancillary Income (1,028) (1,028) 0 000% (12,336) (12,336) 0 000% (12,336) - Vending Machines 0 0 0 000% (356) (520) (164) (3154%) (583) - Garage Parking/Storage (6,198) (3,475) 2,723 7836% (53,814) (41,700) 12,114 2905% (42,930) - Laundry Income (189) (67) 122 18243% (766) (804) (38) (470%) (1,072) - Retail Space CAM (4,003) (4,002) 1 001% (48,031) (48,024) 7 001% (34,644) - Miscellaneous Income 0 (400) (400) (10000%) (6,886) (4,800) 2,086 4345% (4,783) - Rental Fees (150) (900) (750) (8333%) (10,705) (10,800) (95) (088%) (11,295) - Pet Fees (2,061) (1,500) 561 3742% (22,394) (18,000) 4,394 2441% (19,631) - Renter's Ins Comm 0 0 0 000% (2,012) (3,140) (1,128) (3593%) (2,066) 000% 000% - Total Other Income (25,102) (18,472) 6,630 3589% (261,439) (225,324) 36,115 1603% (213,165) 0 0 0 000% 0 0 0 000% 0 Bad Debt Write Off 0 0 0 000% 0 0 0 000% 0 - Prepaid Rent (12,468) 0 12,468 000% (19,998) 0 19,998 000% (4,193)

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multifamily Property Management Division Cash Basis Statement of Operations Date: 12/30/2011 Time: 12:28:15 PM Prepared By: Stephanie Tan Page 2 of 7 P & L Standard Detail M MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year - Bad Debt-Delinquent Balance (8,444) 0 8,444 000% (4,427) 0 4,427 000% 16,576 - Write Off Turnover Costs (31) 200 231 11567% 2,767 2,400 (367) (1530%) 1,026 - Write Off Legal Fees 0 500 500 10000% 2,659 6,000 3,341 5569% 1,023 - Write Off Utilities (126) 0 126 000% 89 0 (89) 000% 0 - Write Off Rent (1,751) 1,000 2,751 27515% 18,645 23,000 4,355 1893% 10,072 - Write Off Term/Insuf Notice (3,863) 700 4,563 65180% 20,326 8,400 (11,926) (14198%) 4,968 - Write Off Other 0 0 0 000% 2,834 0 (2,834) 000% 1,226 - Bad Debt Recovery 0 0 0 000% (2,021) 0 2,021 000% (2,373) - Total Bad Debt Write Off (26,683) 2,400 29,083 121179% 20,874 39,800 18,926 4755% 28,326 0 0 0 000% 0 0 0 000% 0 - Total Operating Income (671,344) (617,170) 54,174 878% (7,536,408) (7,413,043) 123,365 166% (7,456,473) 000% 000% Operating Expenses 000% 000% 000% 000% Salary Expenses 000% 000% - Resident Manager 4,371 4,372 1 003% 52,387 52,464 77 015% 50,923 - Assistant Manager 2,936 3,380 444 1315% 14,880 40,560 25,680 6331% 29,299 - Bookkeeper 0 2,803 2,803 10000% 28,951 33,636 4,685 1393% 34,251 - Marketing Manager 0 0 0 000% 20,397 0 (20,397) 000% 10,482 - Leasing Consultant 0 4,810 4,810 10000% 36,575 57,720 21,145 3663% 52,013 - Maintenance Supervisor 3,988 3,919 (69) (175%) 49,550 47,028 (2,522) (536%) 61,430 - Maintenance Mechanic 4,995 4,740 (255) (537%) 44,562 56,880 12,318 2166% 30,908 - Custodian 0 0 0 000% 14,940 0 (14,940) 000% 62,256 - Bonus & Incentives 1,000 1,300 300 2308% 33,891 15,600 (18,291) (11725%) 17,650 - Temporary Help 4,488 0 (4,488) 000% 19,517 0 (19,517) 000% 3,921 - Employee Relations 0 250 250 10000% 1,012 650 (362) (5565%) 760 - Employee Education 0 200 200 10000% 1,960 3,200 1,240 3876% 1,894 - Emp Background Check 0 0 0 000% 715 0 (715) 000% 384 - Payroll Processing 55 100 45 4500% 851 1,200 349 2906% 1,135 - Help Wanted Advertising 110 0 (110) 000% 410 0 (410) 000% 190 - Payroll Taxes 1,305 2,786 1,481 5316% 26,559 33,432 6,873 2056% 30,917 - Worker's Compensation 970 1,079 109 1008% 12,101 12,948 847 654% 12,341 - Insurance Benefits 1,948 2,950 1,002 3398% 29,856 35,400 5,544 1566% 39,581-401k Matching 0 0 0 000% 0 0 0 000% 129 - Total Salary Expenses 26,164 32,689 6,525 1996% 389,113 390,718 1,605 041% 440,464 000% 000% Marketing Expenses 000% 000% - Maid Services 0 130 130 10000% 72 1,560 1,489 9542% 0 - Mailers & Postage 0 0 0 000% 423 0 (423) 000% 295 - Model Accessories 0 350 350 10000% 204 1,400 1,196 8541% 1,307 - Office Hospitality 193 100 (93) (9296%) 1,450 1,200 (250) (2082%) 961 - Outside Leasing Commissions 2,493 309 (2,184) (70689%) 13,131 4,017 (9,114) (22688%) 8,907 - Resident Referral 0 0 0 000% 1,800 2,100 300 1429% 2,100

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multifamily Property Management Division Cash Basis Statement of Operations Date: 12/30/2011 Time: 12:28:15 PM Prepared By: Stephanie Tan Page 3 of 7 P & L Standard Detail M MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year - Printed Materials-Newsletters 176 0 (176) 000% 819 600 (219) (3648%) 641 - Printed Media - Ads 2,585 2,691 106 394% 26,803 32,995 6,192 1877% 28,687 - Promotional Materials 0 0 0 000% 710 584 (126) (2164%) 813 - Resident Functions 0 300 300 10000% 78 1,200 1,122 9352% 79 - Resident Relations 1,785 300 (1,485) (49500%) 8,941 5,000 (3,941) (7881%) 13,556 - Shopping Reports 0 0 0 000% 820 1,400 580 4143% 880 - Stationary & Brochures 189 0 (189) 000% 407 10,605 10,198 9616% 7,705 - Total Marketing Expenses 7,421 4,180 (3,241) (7753%) 55,657 62,661 7,004 1118% 65,930 000% 000% Taxes & Insurance 000% 000% - Real Property Taxes 72,963 75,238 2,275 302% 891,731 894,006 2,275 025% 897,084 - Personal Property Taxes 0 0 0 000% 113 0 (113) 000% 0 - CFD Area Taxes A 37,997 37,997 0 000% 455,963 455,964 1 000% 455,963 - CFD Area Taxes B 0 0 0 000% 12,760 12,760 0 000% 12,760 - Insurance 12,587 12,587 (0) (000%) 151,860 151,858 (2) (000%) 156,414 - Property Tax Consulting 0 0 0 000% 0 2,244 2,244 10000% 750 - Total Taxes & Insurance 123,547 125,822 2,275 181% 1,512,427 1,516,832 4,405 029% 1,522,971 000% 000% Turnover Costs 000% 000% - T/O Cleaning Contract 1,880 1,770 (110) (621%) 25,446 20,886 (4,560) (2183%) 21,321 - T/O Drapes & Blinds 0 240 240 10000% 4,298 2,832 (1,466) (5175%) 2,541 - T/O Painting & Wall Coverings 9,312 6,000 (3,312) (5520%) 101,286 70,800 (30,486) (4306%) 68,792 - T/O Recovery (4,017) (4,043) (26) (064%) (60,025) (47,710) 12,315 2581% (51,236) - T/O Floor Covering CL & REP 670 975 305 3128% 14,887 11,505 (3,382) (2939%) 13,555 - T/O Miscellaneous 0 0 0 000% 453 0 (453) 000% 191 - Total Turnover Costs 7,845 4,942 (2,903) (5874%) 86,345 58,313 (28,032) (4807%) 55,164 000% 000% Repairs & Maintenance 000% 000% - Apartment Renewal 0 0 0 000% (135) 0 135 000% 0 - Appliances 649 325 (324) (9968%) 4,655 3,900 (755) (1937%) 2,882 - Cabinets/Closets 0 150 150 10000% 620 600 (20) (338%) 86 - Cleaning-Contract 21,400 5,226 (16,174) (30949%) 67,529 62,712 (4,817) (768%) 25,192 - Cleaning-Contract CAM 0 0 0 000% 0 0 0 000% 0 - Cleaning Supplies 319 100 (219) (21872%) 7,604 1,200 (6,404) (53368%) 6,215 - Clubhouse & Rec Room 59 550 491 8928% 871 7,500 6,629 8839% 5,672 - Common Area Expense 1,351 200 (1,151) (57562%) 2,129 2,400 271 1131% 3,167 - Communication Equipment 0 0 0 000% 0 0 0 000% 177 - Countertops 100 0 (100) 000% 100 840 740 8810% 60 - Electrical Service 175 100 (75) (7500%) 1,230 1,200 (30) (250%) 2,282 - Electrical Supplies 602 100 (502) (50229%) 3,512 1,200 (2,312) (19267%) 1,631 - Elevators & Escalators 1,400 2,700 1,300 4815% 20,035 32,400 12,365 3816% 27,834 - Exterior Building Structure 0 175 175 10000% 637 2,780 2,143 7709% 0 - Exterior Lighting 0 0 0 000% 317 450 133 2950% 284

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multifamily Property Management Division Cash Basis Statement of Operations Date: 12/30/2011 Time: 12:28:15 PM Prepared By: Stephanie Tan Page 4 of 7 P & L Standard Detail M MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year - Exterminators 2,111 487 (1,624) (33348%) 8,212 9,844 1,632 1658% 9,689 - Fire Protection Supplies 23 0 (23) 000% 2,045 3,000 955 3184% 3,928 - General Maint Supplies 410 515 105 2032% 7,885 6,180 (1,705) (2758%) 5,325 - HVAC Contract 360 750 390 5196% 12,614 9,000 (3,614) (4015%) 7,719 - HVAC Supplies 714 600 (114) (1908%) 11,973 7,200 (4,773) (6629%) 8,016 - Interior Building 6,454 2,400 (4,054) (16893%) 45,582 28,800 (16,782) (5827%) 31,250 - Keys & Locks (175) 386 561 14534% 8,068 4,632 (3,436) (7417%) 7,771 - General Maintenance 0 520 520 10000% 3,397 6,240 2,843 4555% 4,706 - Landscaping Contract 12,822 4,000 (8,822) (22055%) 52,422 48,000 (4,422) (921%) 39,480 - Landscaping Supplies 0 200 200 10000% 710 2,400 1,690 7042% 4,813 - Landscaping-Irrigation 0 0 0 000% 0 0 0 000% 205 - Light Bulbs 1,680 250 (1,430) (57188%) 6,099 3,000 (3,099) (10329%) 3,768 - Painting & Wall Covering 52 200 148 7386% 6,202 2,400 (3,802) (15844%) 5,192 - Painting-Exterior 340 100 (240) (24000%) 782 1,200 418 3482% 540 - Plumbing Services 815 200 (615) (30770%) 10,581 7,500 (3,081) (4108%) 16,061 - Plumbing Supplies 1,946 800 (1,146) (14323%) 17,655 9,600 (8,055) (8391%) 10,748 - Pools & Fountains 363 475 112 2360% 6,281 5,700 (581) (1020%) 3,805 - Privacy Gates 250 400 150 3750% 3,008 4,800 1,792 3734% 4,704 - Roof 0 0 0 000% 389 0 (389) 000% 0 - Security Contract 4,300 4,450 150 337% 59,616 53,400 (6,216) (1164%) 52,500 - Signs & Flagpoles 0 5 5 10000% 122 60 (62) (10352%) 445 - Small Tools 0 0 0 000% 585 0 (585) 000% 193 - Uniforms 0 0 0 000% 572 2,500 1,928 7711% 2,194 - Walkways-Roads-Parking Lots 0 0 0 000% 0 3,000 3,000 10000% 2,425 - Window Cleaning Contract 213 0 (213) 000% 2,114 0 (2,114) 000% 2,287 - Window Cleaning Supplies 0 0 0 000% 38 0 (38) 000% 0 - Miscellaneous 0 0 0 000% 0 0 0 000% 752 - Total Repairs & Maintenance 58,735 26,364 (32,371) (12278%) 376,057 335,638 (40,419) (1204%) 303,997 000% 000% Utilities 000% 000% - Electricity 11,615 9,856 (1,759) (1784%) 134,258 118,272 (15,986) (1352%) 120,741 - Electricity-Vacant Units 1,847 1,178 (669) (5680%) 22,230 14,136 (8,094) (5726%) 14,063 - Gas 6,826 5,310 (1,516) (2856%) 63,108 63,777 669 105% 61,013 - Water 1,969 6,425 4,456 6936% 83,139 75,475 (7,664) (1015%) 74,601 - Sewer 874 1,100 226 2055% 13,320 13,200 (120) (091%) 11,502 - Rubbish Removal 3,427 3,500 73 207% 41,698 42,000 302 072% 41,463 - Telephone 0 2,400 2,400 10000% 24,489 28,800 4,311 1497% 34,759 - Other 1,450 3,200 1,751 5470% 19,861 38,400 18,539 4828% 41,858 - Tenant Utility Reimbursement (14,349) (14,800) (451) (305%) (181,385) (174,912) 6,473 370% (172,799) - Total Utilities 13,659 18,169 4,510 2482% 220,718 219,148 (1,570) (072%) 227,202 000% 000% General & Administrative 000% 000% - Property Management Fees 26,288 24,783 (1,505) (607%) 303,256 298,113 (5,143) (173%) 300,472

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multifamily Property Management Division Cash Basis Statement of Operations Date: 12/30/2011 Time: 12:28:15 PM Prepared By: Stephanie Tan Page 5 of 7 P & L Standard Detail M MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year - Legal Fees 2,914 1,500 (1,414) (9428%) 11,795 18,000 6,205 3447% 16,698 - Bank Charges 237 525 288 5492% 7,337 6,300 (1,037) (1646%) 7,058 - Cable Television 0 0 0 000% 2,776 3,700 924 2498% 4,042 - Collection Agency Fee 2,582 122 (2,460) (201679%) 5,061 1,464 (3,597) (24567%) 1,819 - Computer Service Fees 676 480 (196) (4091%) 8,783 8,647 (136) (157%) 5,637 - Courier & Postage 513 250 (263) (10524%) 2,764 3,600 836 2321% 3,498 - Credit Checks 0 475 475 10000% 3,530 5,700 2,170 3808% 5,211 - Dues & Subscriptions 470 0 (470) 000% 5,826 2,531 (3,295) (13020%) 4,563 - Licenses & Permits (438) 975 1,413 14496% 31,490 26,900 (4,590) (1706%) 22,200 - Mileage Reimbursement 177 100 (77) (7716%) 880 1,200 320 2665% 1,149 - Office Equipment Rental 0 260 260 10000% 1,108 1,820 712 3911% 2,008 - Office Supplies 881 475 (406) (8542%) 5,727 5,700 (27) (048%) 6,048 - Pager 0 0 0 000% 0 0 0 000% 78 - Other 0 0 0 000% 2,466 0 (2,466) 000% 827 - Total Gen & Admin 34,300 29,945 (4,355) (1454%) 392,799 383,675 (9,124) (238%) 381,309 000% 000% - Total Operating Expenses 271,672 242,111 (29,561) (1221%) 3,033,116 2,966,985 (66,131) (223%) 2,997,036 000% 000% NOI Before Debt Service (399,672) (375,059) 24,613 656% (4,503,292) (4,446,058) 57,234 129% (4,459,437) 000% 000% Debt Service 000% 000% - Interest-First Trust Deed (5,826) 28,263 34,089 12061% 66,529 339,156 272,627 8038% 88,913 - Interest-Second Trust Deed 32,142 32,142 0 000% 385,700 385,704 4 000% 385,700 - Letter of Credit Fees 19,792 20,451 660 322% 240,797 241,453 656 027% 241,547 - Bond Administration Fees 6,480 6,480 (0) (000%) 78,809 78,805 (4) (000%) 85,498 - Total Debt Service 52,588 87,336 34,749 3979% 771,835 1,045,118 273,283 2615% 801,658 000% 000% NOI After Debt Service (347,084) (287,723) 59,361 2063% (3,731,457) (3,400,940) 330,517 972% (3,657,779) 000% 000% Capital Repairs & Replacements 000% 000% - Appliances 3,693 2,000 (1,693) (8466%) 51,345 41,500 (9,845) (2372%) 52,522 - Balconies 0 0 0 000% 3,200 3,000 (200) (667%) 4,500 - Building Lighting 0 0 0 000% 3,075 12,105 9,030 7459% 13,003 - Cabinets/Closets 0 0 0 000% 1,004 1,000 (4) (045%) 1,063 - Concrete Repair 0 0 0 000% 0 1,000 1,000 10000% 4,570 - Countertops 0 0 0 000% 1,225 3,000 1,775 5917% 0 - Doors 0 0 0 000% 5,763 2,890 (2,873) (9943%) 2,890 - Drapery & Blinds 0 0 0 000% 331 0 (331) 000% 0 - Electrical 0 0 0 000% 1,635 0 (1,635) 000% 2,157 - Elevators & Escalators 0 0 0 000% 10,920 5,600 (5,320) (9500%) 0 - Fire Protection 3,900 0 (3,900) 000% 7,236 6,500 (736) (1132%) 9,949 - Floor Coverings 0 5,000 5,000 10000% 88,390 60,000 (28,390) (4732%) 50,458 - HVAC (48,795) 3,675 52,470 142774% 15,950 64,070 48,120 7511% 32,224

Property: Holly Street LP End Date: 12/31/2011, Month SARES-REGIS Group Multifamily Property Management Division Cash Basis Statement of Operations Date: 12/30/2011 Time: 12:28:15 PM Prepared By: Stephanie Tan Page 6 of 7 P & L Standard Detail M MTD Actual MTD Budget MTD Var MTD % YTD Actual YTD Budget YTD Var YTD % YTD Prior Year - Interior Building 0 0 0 000% 4,932 0 (4,932) 000% (739) - Interior Design 0 0 0 000% 2,984 2,400 (584) (2433%) 7,762 - Keys & Locks 0 0 0 000% 2,170 0 (2,170) 000% 0 - Landscaping 0 0 0 000% 14,529 18,564 4,035 2174% 21,658 - Leasing Office 0 0 0 000% 0 6,300 6,300 10000% 0 - Office Equipment 0 0 0 000% 6,296 0 (6,296) 000% 0 - Painting-Exterior 3,620 0 (3,620) 000% 6,535 8,350 1,815 2174% 940 - Painting-Interior 0 0 0 000% 7,762 2,675 (5,087) (19015%) 15,309 - Plumbing 0 0 0 000% 13,387 15,000 1,613 1075% 23,714 - Pool Furniture 0 0 0 000% 0 1,700 1,700 10000% 0 - Pools & Fountains 0 0 0 000% 2,810 3,100 290 935% 3,497 - Privacy Gates 0 0 0 000% 10,779 2,000 (8,779) (43893%) 1,578 - Roof 0 0 0 000% 100 3,600 3,500 9722% 4,490 - Signs & Flags 0 0 0 000% 631 0 (631) 000% 0 - Site Lighting 0 0 0 000% 0 1,075 1,075 10000% 0 - Stairs & Landings 0 0 0 000% 0 850 850 10000% 0 - Windows 0 0 0 000% 371 0 (371) 000% 0 - Misc Capital Improvements 0 0 0 000% 42,426 2,700 (39,726) (147132%) 51,222 - Total Capital Repairs & Replacements (37,582) 10,675 48,257 45205% 305,786 268,979 (36,807) (1368%) 302,767 000% 000% - Net Oper (Income)/Loss (384,666) (277,048) 107,618 3884% (3,425,672) (3,131,961) 293,711 938% (3,355,012) 000% 000% Major Capital Improvements 000% 000% 000% 000% Non-Operating (Income)/Expense 000% 000% - Interest Income (232) (300) (68) (2265%) (80,193) (80,600) (407) (051%) (81,341) - Fire-Sue & Labor 0 0 0 000% 0 0 0 000% (150) - Office 0 0 0 000% 0 0 0 000% 0 - Legal 0 0 0 000% 55,384 0 (55,384) 000% 0 - Partnership Legal 0 0 0 000% 0 0 0 000% 21,850 - Total Non-Operating (Income)/Expense (232) (300) (68) (2265%) (24,808) (80,600) (55,792) (6922%) (59,641) - Total Distributable (Cashflow)/Deficit (384,898) (277,348) 107,550 3878% (3,450,480) (3,212,561) 237,919 741% (3,414,653) 000% 000% (Contributions)/Distributions 000% 000% - Contribution-Owners (19,022) 0 19,022 000% (100,947) 0 100,947 000% (182,214) - Distribution-Owners 662,849 0 (662,849) 000% 3,575,918 0 (3,575,918) 000% 3,291,428 Total (Contributions)/Distributions 643,827 0 (643,827) 000% 3,474,972 0 (3,474,972) 000% 3,109,214 000% 000% Net After Distributions 258,929 (277,348) (536,277) (19336%) 24,491 (3,212,561) (3,237,052) (10076%) (305,439) 000% 000% Other (Sources) & Uses 000% 000%

Property: Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multi Family Property Management Division 12 Month Cash Basis Operating Summary Date: 12/30/2011 Time: 12:20:55 PM Prepared By: Stephanie Tan Page 1 of 2 Economic Occupancy Physical Occupancy Operating Income Rental Income Apartment Rent - Gross Potential Rent - Retail Space Rent - Loss to Lease - Total Apartment Rent Allowances/Vacancies - Model Allowances - Employee Allowances - Vacancies - Vacancies - Retail Total Allowances/Vacancies - Net Rental Income Other Rental Income - Upgrade Unit Rent - MTM/Short Term Rent - Total Other Rental Income - Total Other Income - Total Bad Debt Write Off - Total Operating Income Operating Expenses - Salary Expense - Marketing Expense - Taxes & Insurance - Turnover Costs - Repairs & Maintenance - Utilities - General & Administrative - Total Operating Expenses NOI Before Debt Service Debt Service - Interest-First Trust Deed Metrics January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual 930% 921% 918% 909% 912% 926% 911% 929% 925% 926% 933% 936% 11076% 953% 938% 938% 936% 931% 944% 933% 951% 948% 948% 956% 957% 11333% 0 0 0 0 0 0 0 0 0 0 0 0 0 (642,011) (631,783) (654,208) (636,681) (642,772) (658,824) (644,519) (625,168) (629,260) (637,446) (648,295) (666,678) (7,717,644) (18,855) (18,855) (18,855) (18,855) (18,122) (11,587) (20,847) (17,600) (18,268) (19,642) (19,322) (18,418) (219,227) 4,980 (6,131) 19,520 2,998 4,439 17,170 1,669 (18,802) (13,758) (4,064) 7,479 22,947 38,445 (655,886) (656,769) (653,543) (652,538) (656,455) (653,241) (663,697) (661,570) (661,286) (661,152) (660,138) (662,149) (7,898,426) 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 44,700 6,669 2,099 4,384 8,623 4,491 6,198 6,198 6,598 6,766 6,598 6,598 6,275 71,498 30,654 41,009 40,227 41,998 45,372 36,675 44,578 32,445 34,501 34,192 29,211 28,198 439,060 5,125 5,125 5,125 5,125 4,392 1,460 4,392 4,392 4,392 4,392 4,392 4,392 52,704 46,173 51,958 53,461 59,472 57,980 48,058 58,893 47,160 49,384 48,907 43,926 42,590 607,962 (609,713) (604,811) (600,082) (593,066) (598,475) (605,183) (604,804) (614,410) (611,903) (612,246) (616,212) (619,559) (7,290,463) (425) (425) (425) (425) (308) (300) (300) (280) (175) (23) 0 0 (3,085) 0 (2,294) 0 0 0 0 0 0 0 0 0 0 (2,294) (425) (2,719) (425) (425) (308) (300) (300) (280) (175) (23) 0 0 (5,379) (13,385) (22,895) (13,742) (27,207) (34,404) (24,167) (26,522) (24,446) (23,200) (12,273) (14,097) (25,102) (261,439) 0 0 0 0 0 0 0 0 0 0 0 0 0 (2,941) 3,519 (6,194) (8,846) 32,885 (16,801) 22,059 13,342 10,534 (3,015) 3,017 (26,683) 20,874 0 0 0 0 0 0 0 0 0 0 0 0 0 (626,464) (626,906) (620,443) (629,544) (600,302) (646,451) (609,567) (625,794) (624,744) (627,557) (627,293) (671,344) (7,536,408) 36,006 34,104 34,754 31,411 28,301 32,807 33,543 32,553 35,669 32,418 31,383 26,164 389,113 3,573 5,530 6,646 4,653 5,136 4,471 2,926 4,249 4,706 2,026 4,321 7,421 55,657 124,754 124,754 124,754 123,940 124,460 135,377 125,822 125,822 125,822 127,552 125,822 123,547 1,512,427 1,980 3,944 12,378 236 6,173 6,817 13,024 4,592 17,336 6,368 5,653 7,845 86,345 42,602 14,137 32,791 35,650 30,126 24,857 32,214 24,995 34,005 23,493 22,450 58,735 376,057 19,491 12,766 16,961 17,113 28,448 14,065 9,245 38,310 21,212 11,663 17,786 13,659 220,718 32,485 40,015 31,895 48,503 30,046 32,601 8,650 30,327 33,235 25,114 45,629 34,300 392,799 260,891 235,249 260,178 261,506 252,688 250,996 225,424 260,847 271,985 228,634 253,044 271,672 3,033,116 (365,573) (391,657) (360,264) (368,038) (347,614) (395,455) (384,143) (364,947) (352,759) (398,923) (374,249) (399,672) (4,503,292) 9,106 17,236 (2,249) 9,125 5,083 4,953 4,655 1,338 5,315 8,075 9,719 (5,826) 66,529

Property: Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multi Family Property Management Division 12 Month Cash Basis Operating Summary Date: 12/30/2011 Time: 12:20:55 PM Prepared By: Stephanie Tan Page 2 of 2 Metrics - Interest-Second Trust Deed - Letter of Credit Fees - Bond Administration Fees - Total Debt Service - NOI After Debt Service - Capital Repair & Replacement - Non-Operating (Income)/Expense - Total Distributable (Cashflow)/Deficit (Contributions)/Distributions - Owners Contributions - Owners Distributions Total (Contributions)/Distributions Net After Distribution Other (Sources) & Uses (Increase)/Decrease in Cash Position January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 385,700 20,451 20,451 18,472 20,451 19,792 20,451 19,792 20,451 20,451 19,792 20,451 19,792 240,797 6,689 6,689 6,062 6,689 6,480 6,689 6,480 6,689 6,689 6,480 6,689 6,480 78,809 68,388 76,518 54,427 68,407 63,496 64,235 63,069 60,620 64,597 66,488 69,001 52,588 771,835 (297,185) (315,138) (305,837) (299,631) (284,118) (331,221) (321,074) (304,327) (288,161) (332,435) (305,247) (347,084) (3,731,457) (4,672) 50,300 15,729 53,062 46,236 37,592 25,002 12,688 25,533 66,496 15,402 (37,582) 305,786 754 (4) (63) (28) (158) (36,484) 43,480 (168) (727) (30,990) (189) (232) (24,808) (301,102) (264,842) (290,171) (246,598) (238,039) (330,113) (252,592) (291,806) (263,355) (296,929) (290,034) (384,898) (3,450,480) 0 (12,713) 0 0 0 (31,888) (12,611) 0 (24,712) 0 0 (19,022) (100,947) 283,672 243,009 282,695 211,102 227,574 295,000 244,000 325,301 245,000 267,000 288,717 662,849 3,575,918 283,672 230,296 282,695 211,102 227,574 263,112 231,389 325,301 220,288 267,000 288,717 643,827 3,474,972 (17,430) (34,546) (7,476) (35,496) (10,466) (67,001) (21,203) 33,495 (43,068) (29,929) (1,317) 258,929 24,491 (923) 11,049 161,304 1,595 (13,510) 58,642 (4,746) (8,703) (47,634) 49,694 (18,589) (304,301) (116,122) (18,354) (23,497) 153,827 (33,901) (23,976) (8,359) (25,949) 24,791 (90,702) 19,765 (19,906) (45,372) (91,631)

Property: Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multi Family Property Management Division 12 Month Cash Basis Operating Statement Date: 12/30/2011 Time: 12:21:52 PM Prepared By: Stephanie Tan Page 1 of 5 Economic Occupancy Physical Occupancy Operating Income Rental Income Apartment Rent - Gross Potential Rent - Retail Space Rent - Loss to Lease - Total Apartment Rent Allowances/Vacancies - Employee Allowances - Model Allowances - Vacancies - Vacancies - Retail - Total Allow/Vacancies - Net Rental Income Other Rental Income - Upgrade Unit Rent - MTM/Short Term Rent - Total Other Rental Income Other Income - Retained/Refunded Deposit - NSF-Late Charges - Ancillary Income - Vending Machines - Garage Parking/Storage - Laundry Income - Retail Space CAM - Miscellaneous Income - Rental Fees - Pet Fees - Renter's Ins Comm - Total Other Income Bad Debt Write Off - Prepaid Rent - Bad Debt-Delinquent Balance - Write Off Turnover Costs - Write Off Legal Fees - Write Off Utilities - Write Off Rent - Write Off Term/Insuf Notice - Write Off Other - Bad Debt Recovery - Total Bad Debt Write Off Metrics January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual 930% 921% 918% 909% 912% 926% 911% 929% 925% 926% 933% 936% 11076% 953% 938% 938% 936% 931% 944% 933% 951% 948% 948% 956% 957% 11333% 0 0 0 0 0 0 0 0 0 0 0 0 0 (642,011) (631,783) (654,208) (636,681) (642,772) (658,824) (644,519) (625,168) (629,260) (637,446) (648,295) (666,678) (7,717,644) (18,855) (18,855) (18,855) (18,855) (18,122) (11,587) (20,847) (17,600) (18,268) (19,642) (19,322) (18,418) (219,227) 4,980 (6,131) 19,520 2,998 4,439 17,170 1,669 (18,802) (13,758) (4,064) 7,479 22,947 38,445 (655,886) (656,769) (653,543) (652,538) (656,455) (653,241) (663,697) (661,570) (661,286) (661,152) (660,138) (662,149) (7,898,426) 6,669 2,099 4,384 8,623 4,491 6,198 6,198 6,598 6,766 6,598 6,598 6,275 71,498 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 44,700 30,654 41,009 40,227 41,998 45,372 36,675 44,578 32,445 34,501 34,192 29,211 28,198 439,060 5,125 5,125 5,125 5,125 4,392 1,460 4,392 4,392 4,392 4,392 4,392 4,392 52,704 46,173 51,958 53,461 59,472 57,980 48,058 58,893 47,160 49,384 48,907 43,926 42,590 607,962 (609,713) (604,811) (600,082) (593,066) (598,475) (605,183) (604,804) (614,410) (611,903) (612,246) (616,212) (619,559) (7,290,463) (425) (425) (425) (425) (308) (300) (300) (280) (175) (23) 0 0 (3,085) 0 (2,294) 0 0 0 0 0 0 0 0 0 0 (2,294) (425) (2,719) (425) (425) (308) (300) (300) (280) (175) (23) 0 0 (5,379) (554) (3,611) (1,899) (9,515) (17,333) (10,406) (10,566) (8,860) (7,949) (169) (938) (9,649) (81,449) (1,772) (5,677) (713) 646 (481) (2,008) (2,054) (3,755) (2,003) (1,185) (1,863) (1,824) (22,691) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (12,336) (89) 0 0 0 0 0 0 (91) 0 0 (176) 0 (356) (3,680) (4,333) (3,263) (7,947) (8,144) (4,343) (2,779) (2,600) (4,924) (2,945) (2,659) (6,198) (53,814) (185) 0 0 0 0 0 0 0 0 (196) (196) (189) (766) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (48,031) 0 (657) (300) (2,592) 90 0 (2,841) (96) (350) (140) 0 0 (6,886) (350) (875) (675) (840) (1,190) (705) (1,400) (1,960) (1,225) (705) (630) (150) (10,705) (1,725) (1,709) (1,862) (1,929) (1,810) (1,674) (1,851) (2,053) (1,718) (1,902) (2,099) (2,061) (22,394) 0 (1,002) 0 0 (505) 0 0 0 0 0 (505) 0 (2,012) (13,385) (22,895) (13,742) (27,207) (34,404) (24,167) (26,522) (24,446) (23,200) (12,273) (14,097) (25,102) (261,439) 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 (3,370) 2,185 (8,489) (4,696) 14,998 (23,232) 5,707 4,792 (4,035) 6,764 1,846 (12,468) (19,998) 365 (1,468) (1,707) (9,090) 7,094 3,567 2,205 6,149 7,399 (11,002) 506 (8,444) (4,427) (46) 150 34 596 660 (81) 930 447 947 (777) (61) (31) 2,767 0 0 691 860 0 0 1,049 (771) 0 830 0 0 2,659 0 0 0 0 0 0 45 179 0 (10) 0 (126) 89 1,691 2,285 3,453 3,583 (1,124) 488 3,370 3,275 (198) 3,060 513 (1,751) 18,645 0 287 (383) (200) 8,538 2,382 8,608 (109) 6,708 (1,855) 213 (3,863) 20,326 0 140 536 305 1,718 45 145 (30) 0 (25) 0 0 2,834 (1,581) (60) (329) (204) 1,001 30 0 (590) (287) 0 0 0 (2,021) (2,941) 3,519 (6,194) (8,846) 32,885 (16,801) 22,059 13,342 10,534 (3,015) 3,017 (26,683) 20,874 0 0 0 0 0 0 0 0 0 0 0 0 0

Property: Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multi Family Property Management Division 12 Month Cash Basis Operating Statement Date: 12/30/2011 Time: 12:21:52 PM Prepared By: Stephanie Tan Page 2 of 5 - Total Operating Income Operating Expenses Salary Expenses - Resident Manager - Assistant Manager - Bookkeeper - Marketing Manager - Leasing Consultant - Maintenance Supervisor - Maintenance Mechanic - Custodian - Bonus & Incentives - Temporary Help - Employee Relations - Employee Education - Emp Background Check - Payroll Processing - Help Wanted Advertising - Payroll Taxes - Worker's Compensation - Insurance Benefits - Total Salary Expenses Marketing Expenses - Maid Services - Mailers & Postage - Model Accessories - Office Hospitality - Outside Leasing Commissions - Resident Referral - Printed Materials-Newsletters - Printed Media - Ads - Promotional Materials - Resident Functions - Resident Relations - Shopping Reports - Stationary & Brochures - Total Marketing Expenses Taxes & Insurance - Real Property Taxes - Personal Property Taxes - CFD Area Taxes A - CFD Area Taxes B - Insurance - Total Taxes & Insurance Turnover Costs - T/O Cleaning Contract - T/O Drapes & Blinds - T/O Painting & Wall Coverings Metrics January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual (626,464) (626,906) (620,443) (629,544) (600,302) (646,451) (609,567) (625,794) (624,744) (627,557) (627,293) (671,344) (7,536,408) 4,307 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 52,387 0 0 0 26 17 0 0 0 2,616 4,851 4,433 2,936 14,880 3,221 2,920 2,813 3,260 2,798 3,149 3,336 2,900 3,291 1,263 0 0 28,951 4,189 3,919 3,922 3,342 0 0 0 2,795 2,230 0 0 0 20,397 4,594 4,657 4,337 4,623 4,250 4,617 2,553 1,874 1,599 1,359 2,112 0 36,575 5,338 4,484 0 3,055 4,337 4,824 5,668 4,205 4,733 4,459 4,459 3,988 49,550 2,599 2,702 3,098 2,838 2,319 3,690 3,456 3,475 5,192 5,583 4,616 4,995 44,562 2,080 1,915 1,950 2,266 1,788 1,873 2,204 865 0 0 0 0 14,940 1,850 1,625 7,341 1,425 2,900 3,200 3,325 2,625 2,175 2,875 3,550 1,000 33,891 620 0 0 0 0 376 3,035 3,846 3,099 2,377 1,677 4,488 19,517 98 31 23 279 0 200 178 150 0 53 0 0 1,012 0 0 490 0 0 490 0 0 490 0 490 0 1,960 0 0 0 0 0 0 0 0 157 0 558 0 715 80 75 71 76 70 74 70 75 70 65 70 55 851 95 0 0 0 0 0 95 110 0 0 0 110 410 3,175 3,764 2,841 2,101 1,708 1,933 1,879 1,931 2,267 1,873 1,782 1,305 26,559 1,052 935 957 930 892 966 921 885 1,134 1,247 1,211 970 12,101 2,708 2,708 2,541 2,819 2,850 3,044 2,452 2,447 2,245 2,043 2,053 1,948 29,856 36,006 34,104 34,754 31,411 28,301 32,807 33,543 32,553 35,669 32,418 31,383 26,164 389,113 0 0 0 0 0 0 0 0 0 0 72 0 72 0 0 102 0 0 109 0 0 0 212 0 0 423 150 0 0 0 18 0 36 0 0 0 0 0 204 53 66 106 154 111 0 220 216 0 0 331 193 1,450 624 1,242 624 1,242 1,551 933 631 948 1,257 639 948 2,493 13,131 0 300 600 0 300 0 0 300 0 0 300 0 1,800 0 0 0 145 0 145 0 176 0 176 0 176 819 2,431 2,410 2,372 2,043 2,267 2,478 1,855 2,332 2,974 933 2,125 2,585 26,803 0 0 146 112 0 146 0 0 153 0 153 0 710 0 0 0 0 0 0 78 0 0 0 0 0 78 122 1,512 2,392 854 689 426 106 276 322 65 392 1,785 8,941 105 0 305 105 200 105 0 0 0 0 0 0 820 89 0 0 0 0 130 0 0 0 0 0 189 407 3,573 5,530 6,646 4,653 5,136 4,471 2,926 4,249 4,706 2,026 4,321 7,421 55,657 73,763 73,763 73,763 73,763 73,763 73,763 75,238 75,238 75,238 75,238 75,238 72,963 891,731 0 0 0 0 113 0 0 0 0 0 0 0 113 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 455,963 0 0 0 0 0 11,030 0 0 0 1,730 0 0 12,760 12,994 12,994 12,994 12,180 12,587 12,587 12,587 12,587 12,587 12,587 12,587 12,587 151,860 124,754 124,754 124,754 123,940 124,460 135,377 125,822 125,822 125,822 127,552 125,822 123,547 1,512,427 2,970 1,717 2,467 2,362 2,240 1,485 2,967 1,040 3,675 1,090 1,555 1,880 25,446 0 0 0 0 253 919 752 1,158 336 422 458 0 4,298 1,207 4,835 11,617 3,567 6,883 9,470 15,079 5,010 20,603 7,509 6,195 9,312 101,286

Property: Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multi Family Property Management Division 12 Month Cash Basis Operating Statement Date: 12/30/2011 Time: 12:21:52 PM Prepared By: Stephanie Tan Page 3 of 5 - T/O Recovery - T/O Floor Covering CL & REP - T/O Miscellaneous - Total Turnover Costs Repairs & Maintenance - Apartment Renewal - Appliances - Cabinets/Closets - Cleaning-Contract - Cleaning-Contract CAM - Cleaning Supplies - Clubhouse & Rec Room - Common Area Expense - Communication Equipment - Countertops - Electrical Service - Electrical Supplies - Elevators & Escalators - Exterior Building Structure - Exterior Lighting - Exterminators - Fire Protection Supplies - General Maint Supplies - HVAC Contract - HVAC Supplies - Interior Building - Keys & Locks - General Maintenance - Landscaping Contract - Landscaping Supplies - Light Bulbs - Painting & Wall Covering - Painting-Exterior - Plumbing Services - Plumbing Supplies - Pools & Fountains - Privacy Gates - Roof - Security Contract - Signs & Flagpoles - Small Tools - Uniforms - Window Cleaning Contract - Window Cleaning Supplies - Total Repairs & Maintenance Utilities - Electricity - Electricity-Vacant Units - Gas - Water - Sewer Metrics January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual (2,644) (6,175) (3,763) (5,916) (4,135) (5,757) (7,268) (4,804) (8,267) (4,345) (2,935) (4,017) (60,025) 447 3,567 2,057 224 931 700 1,494 2,113 990 1,315 380 670 14,887 0 0 0 0 0 0 0 75 0 378 0 0 453 1,980 3,944 12,378 236 6,173 6,817 13,024 4,592 17,336 6,368 5,653 7,845 86,345 (135) 0 0 0 0 0 0 0 0 0 0 0 (135) 28 0 0 451 623 874 767 419 459 274 111 649 4,655 0 0 0 0 0 257 293 36 34 0 0 0 620 5,400 5,400 5,400 6,870 5,226 0 5,327 5,226 6,098 5,858 (4,676) 21,400 67,529 0 0 0 0 0 0 0 0 0 0 0 0 0 346 312 0 361 92 1,056 685 558 959 940 1,976 319 7,604 0 83 729 0 0 0 0 0 0 0 0 59 871 583 0 117 0 68 10 0 0 0 0 0 1,351 2,129 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100 100 468 0 1,024 (687) 0 0 0 250 0 0 0 175 1,230 137 0 34 107 141 576 474 308 484 336 314 602 3,512 4,728 (1,600) 1,550 6,840 (1,600) 1,200 1,200 1,200 2,310 1,301 1,506 1,400 20,035 0 0 0 637 0 0 0 0 0 0 0 0 637 0 0 0 0 0 266 51 0 0 0 0 0 317 1,338 577 1,794 299 299 299 299 0 598 299 299 2,111 8,212 378 0 0 378 0 0 265 378 0 245 378 23 2,045 182 212 1,173 (32) 369 1,281 1,496 102 1,235 706 749 410 7,885 440 492 5,176 (1,477) 1,585 1,081 907 980 1,516 440 1,114 360 12,614 410 22 0 1,202 2,226 1,466 919 979 1,137 2,348 551 714 11,973 4,485 2,795 2,433 3,166 3,086 2,199 3,857 4,026 4,544 3,624 4,913 6,454 45,582 1,277 1,703 96 292 895 1,210 571 225 173 1,490 310 (175) 8,068 443 562 733 0 28 0 619 273 0 0 740 0 3,397 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 3,600 0 12,822 52,422 3,165 (3,165) 0 710 0 0 0 0 0 0 0 0 710 127 0 457 543 426 966 582 191 278 247 603 1,680 6,099 516 977 0 1,021 910 551 813 8 432 286 636 52 6,202 0 0 404 0 0 0 38 0 0 0 0 340 782 1,100 242 938 2,764 554 277 1,683 373 438 325 1,073 815 10,581 439 848 1,394 1,931 404 2,781 2,027 591 2,769 1,313 1,213 1,946 17,655 465 0 325 760 1,600 (912) 405 0 1,436 0 1,839 363 6,281 695 150 0 500 0 435 103 250 375 0 250 250 3,008 0 0 0 389 0 0 0 0 0 0 0 0 389 11,053 0 4,802 4,340 8,961 4,350 4,420 4,500 4,500 (160) 8,550 4,300 59,616 0 0 0 0 0 0 0 122 0 0 0 0 122 0 58 0 73 21 286 147 0 0 0 0 0 585 117 264 0 0 0 137 55 0 0 0 0 0 572 418 205 213 213 213 213 213 0 213 0 0 213 2,114 0 0 0 0 0 0 0 0 16 22 0 0 38 42,602 14,137 32,791 35,650 30,126 24,857 32,214 24,995 34,005 23,493 22,450 58,735 376,057 9,474 9,928 9,856 9,529 14,947 12,095 12,091 12,661 11,833 12,466 7,763 11,615 134,258 1,465 2,851 2,400 1,349 1,137 1,475 1,750 2,068 1,805 2,319 1,764 1,847 22,230 4,370 4,791 6,466 6,483 8,809 4,562 5,704 2,783 3,789 3,800 4,724 6,826 63,108 6,315 4,309 6,190 8,537 10,879 6,937 (1,936) 22,049 4,376 3,261 10,254 1,969 83,139 1,045 541 948 951 2,284 995 (288) 3,331 630 454 1,556 874 13,320

Property: Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multi Family Property Management Division 12 Month Cash Basis Operating Statement Date: 12/30/2011 Time: 12:21:52 PM Prepared By: Stephanie Tan Page 4 of 5 - Rubbish Removal - Telephone - Other - Tenant Utility Reimbursement - Total Utilities General & Administrative - Property Management Fees - Legal Fees - Bank Charges - Cable Television - Collection Agency Fee - Computer Service Fees - Courier & Postage - Credit Checks - Dues & Subscriptions - Licenses & Permits - Mileage Reimbursement - Office Equipment Rental - Office Supplies - Other - Total Gen & Admin - Total Operating Expenses NOI Before Debt Service Debt Service - Interest-First Trust Deed - Interest-Second Trust Deed - Letter of Credit Fees - Bond Administration Fees - Total Debt Service NOI After Debt Service Capital Repairs & Replacements - Appliances - Balconies - Building Lighting - Cabinets/Closets - Countertops - Doors - Drapery & Blinds - Electrical - Elevators & Escalators - Fire Protection - Floor Coverings - HVAC - Interior Building - Interior Design - Keys & Locks - Landscaping Metrics January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual 3,608 3,427 3,427 3,427 2,105 3,852 3,609 4,106 3,852 3,427 3,427 3,427 41,698 2,119 2,435 1,173 3,485 3,859 449 2,144 985 6,304 (438) 1,976 0 24,489 4,663 1,226 1,243 1,711 1,479 1,557 1,494 (15) 1,529 420 3,105 1,450 19,861 (13,568) (16,742) (14,743) (18,359) (17,052) (17,857) (15,323) (9,657) (12,906) (14,046) (16,783) (14,349) (181,385) 19,491 12,766 16,961 17,113 28,448 14,065 9,245 38,310 21,212 11,663 17,786 13,659 220,718 25,120 25,344 24,643 25,302 24,657 25,307 25,307 25,242 24,901 23,747 27,398 26,288 303,256 140 3,305 2,380 19,728 789 44 (19,692) 771 2,095 (830) 150 2,914 11,795 1,136 1,169 180 1,017 234 570 219 969 288 677 641 237 7,337 0 0 925 0 0 925 0 925 0 0 0 0 2,776 0 0 0 0 1,100 173 0 40 184 689 293 2,582 5,061 0 4,003 92 0 1,107 475 0 0 0 0 2,430 676 8,783 65 11 377 161 288 216 408 129 268 265 64 513 2,764 0 616 310 341 741 310 280 0 310 0 621 0 3,530 240 0 487 0 0 2,647 0 0 1,795 0 187 470 5,826 3,054 5,083 1,350 1,375 675 1,425 1,425 1,650 2,299 100 13,492 (438) 31,490 0 55 0 0 0 148 0 0 500 0 0 177 880 259 0 259 109 109 240 0 0 0 0 133 0 1,108 2,472 (1,310) 696 470 347 119 702 600 65 466 219 881 5,727 0 1,740 196 0 0 0 0 0 530 0 0 0 2,466 32,485 40,015 31,895 48,503 30,046 32,601 8,650 30,327 33,235 25,114 45,629 34,300 392,799 260,891 235,249 260,178 261,506 252,688 250,996 225,424 260,847 271,985 228,634 253,044 271,672 3,033,116 (365,573) (391,657) (360,264) (368,038) (347,614) (395,455) (384,143) (364,947) (352,759) (398,923) (374,249) (399,672) (4,503,292) 9,106 17,236 (2,249) 9,125 5,083 4,953 4,655 1,338 5,315 8,075 9,719 (5,826) 66,529 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 385,700 20,451 20,451 18,472 20,451 19,792 20,451 19,792 20,451 20,451 19,792 20,451 19,792 240,797 6,689 6,689 6,062 6,689 6,480 6,689 6,480 6,689 6,689 6,480 6,689 6,480 78,809 68,388 76,518 54,427 68,407 63,496 64,235 63,069 60,620 64,597 66,488 69,001 52,588 771,835 (297,185) (315,138) (305,837) (299,631) (284,118) (331,221) (321,074) (304,327) (288,161) (332,435) (305,247) (347,084) (3,731,457) 1,922 9,007 0 8,788 7,183 6,167 2,599 1,738 1,094 6,385 2,768 3,693 51,345 0 0 0 0 0 0 3,200 0 0 0 0 0 3,200 0 0 0 847 0 864 1,364 0 0 0 0 0 3,075 0 0 0 703 0 302 0 0 0 0 0 0 1,004 0 0 1,225 0 0 0 0 0 0 0 0 0 1,225 895 0 792 635 1,596 655 1,190 0 0 0 0 0 5,763 0 0 331 0 0 0 0 0 0 0 0 0 331 0 0 0 1,635 0 0 0 0 0 0 0 0 1,635 0 4,000 0 0 2,800 900 3,220 0 0 0 0 0 10,920 0 0 0 0 2,038 0 0 0 0 0 1,298 3,900 7,236 1,119 7,804 4,206 15,258 11,513 10,499 8,224 4,620 9,434 15,711 0 0 88,390 4,000 6,841 2,000 16,945 4,680 5,774 469 3,812 13,615 2,640 3,968 (48,795) 15,950 0 0 0 0 0 3,032 0 0 0 1,900 0 0 4,932 0 0 0 0 0 0 0 0 0 0 2,984 0 2,984 0 60 60 947 782 0 78 242 0 0 0 0 2,170 (13,835) 17,837 0 0 5,040 1,860 2,902 725 0 0 0 0 14,529

Property: Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multi Family Property Management Division 12 Month Cash Basis Operating Statement Date: 12/30/2011 Time: 12:21:52 PM Prepared By: Stephanie Tan Page 5 of 5 Metrics - Office Equipment - Painting-Exterior - Painting-Interior - Plumbing - Pools & Fountains - Privacy Gates - Roof - Signs & Flags - Windows - Misc Capital Improvements - Total Capital Repairs & Replacements - Net Oper (Income)/Loss Major Capital Improvements Non-Operating (Income)/Expense - Interest Income - Office - Legal - Total Non-Operating (Income)/Expense - Total Distributable (Cashflow)/Deficit (Contributions)/Distributions - Contribution-Owners - Distribution-Owners Total (Contributions)/Distributions Net After Distributions Other (Sources) & Uses - Security Deposit (Net) - Accounts Payable - Tax Impounds - Cap Fee Impound - Bond Fee Impound - Accrued Property Taxes - Accrued Insurance - Rehabilitation Costs - Other Balance Sheet Changes Total Other (Sources) & Uses (Increase)/Decrease in Cash Position January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual 3,727 0 0 652 317 1,600 0 0 0 0 0 0 6,296 0 0 1,050 0 480 0 1,385 0 0 0 0 3,620 6,535 0 0 0 5,182 780 1,800 0 0 0 0 0 0 7,762 0 0 4,796 0 1,831 1,428 0 1,551 0 1,997 1,784 0 13,387 0 0 730 0 0 2,080 0 0 0 0 0 0 2,810 0 0 0 1,200 7,194 0 0 0 1,390 995 0 0 10,779 (2,500) 0 0 0 0 0 0 0 0 0 2,600 0 100 0 0 0 0 0 631 0 0 0 0 0 0 631 0 0 0 0 0 0 371 0 0 0 0 0 371 0 4,750 539 269 0 0 0 0 0 36,868 0 0 42,426 (4,672) 50,300 15,729 53,062 46,236 37,592 25,002 12,688 25,533 66,496 15,402 (37,582) 305,786 (301,857) (264,839) (290,108) (246,569) (237,882) (293,629) (296,072) (291,638) (262,628) (265,939) (289,845) (384,666) (3,425,672) (191) (189) (188) (153) (158) (40,044) (186) (168) (197) (38,298) (189) (232) (80,193) 95 185 125 125 0 0 0 0 (530) 0 0 0 0 850 0 0 0 0 3,560 43,666 0 0 7,308 0 0 55,384 754 (4) (63) (28) (158) (36,484) 43,480 (168) (727) (30,990) (189) (232) (24,808) (301,102) (264,842) (290,171) (246,598) (238,039) (330,113) (252,592) (291,806) (263,355) (296,929) (290,034) (384,898) (3,450,480) 0 (12,713) 0 0 0 (31,888) (12,611) 0 (24,712) 0 0 (19,022) (100,947) 283,672 243,009 282,695 211,102 227,574 295,000 244,000 325,301 245,000 267,000 288,717 662,849 3,575,918 283,672 230,296 282,695 211,102 227,574 263,112 231,389 325,301 220,288 267,000 288,717 643,827 3,474,972 (17,430) (34,546) (7,476) (35,496) (10,466) (67,001) (21,203) 33,495 (43,068) (29,929) (1,317) 258,929 24,491 1,596 6,394 1,785 4,391 2,632 (1,489) 1,358 (7,135) (4,942) (2,901) (7,323) (1,646) (7,280) 17,685 9,216 402 145 (14,073) 1,728 5,309 (28,489) (1,764) 5,151 531 (28,456) (32,615) 111,712 111,712 111,095 (330,593) 111,095 (88,024) 105,709 105,709 105,709 (85,888) 105,709 (344,220) 19,724 8,530 8,530 8,530 8,530 8,530 8,530 8,530 8,530 8,530 8,530 8,530 (354,875) (261,050) 6,689 6,689 3,942 6,689 6,480 6,689 (18,886) 6,689 (1,859) 6,480 6,689 (1,975) 34,318 (110,870) (111,760) (111,760) 182,403 (37,997) 189,984 (113,235) (113,235) (113,235) 114,746 (113,235) 338,194 (0) (12,994) (12,994) 138,053 (12,180) (12,587) (12,587) (12,587) (12,587) (12,587) (12,587) (12,587) (12,587) (813) 0 0 14,349 3,298 2,781 34,400 1,318 11,145 1,165 22,840 0 60,632 151,928 (23,271) (6,737) (5,092) 138,912 (80,371) (80,589) 17,740 20,671 (28,650) (6,677) (6,903) 40,633 (20,334) (923) 11,049 161,304 1,595 (13,510) 58,642 (4,746) (8,703) (47,634) 49,694 (18,589) (304,301) (116,122) (18,354) (23,497) 153,827 (33,901) (23,976) (8,359) (25,949) 24,791 (90,702) 19,765 (19,906) (45,372) (91,631)

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 1 of 9 P & L GAAP Disposition Detail Operating Income Rental Income Apartment Rent - Gross Potential Rent - Loss to Lease - Total Apartment Rent Other Rental Income - Retail Space Rent - Upgrade Unit Rent - Employee Allowances - Model Allowances - Vacancies - Vacancies - Retail - MTM/Short Term Rent - Total Other Rental Income Other Income - Retained/Refunded Deposit - NSF-Late Charges - Ancillary Income - Vending Machines - Garage Parking/Storage - Laundry Income - Retail Space CAM - Miscellaneous Income - Rental Fees - Renter's Insurance Commission Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year 0 0 0 0 0 0 0 (666,678) (619,595) 47,083 (760%) (7,717,644) (7,450,477) 267,167 (359%) (7,567,980) 22,947 (15,731) (38,678) 24587% 38,445 (170,588) (209,033) 12254% (148,766) (643,730) (635,326) 8,404 (132%) (7,679,199) (7,621,065) 58,134 (076%) (7,716,746) (18,418) (18,418) 0 (000%) (219,227) (218,913) 314 (014%) (244,833) 0 0 0 (3,085) 0 3,085 (1,524) 6,275 6,409 134 (208%) 71,498 76,908 5,410 (703%) 78,513 3,725 3,725 0 000% 44,700 44,610 (90) 020% 44,609 28,198 38,120 9,922 (2603%) 439,060 438,237 (823) 019% 436,578 4,392 4,392 0 000% 52,704 52,704 0 000% 131,769 0 0 0 (2,294) 0 2,294 0 24,172 34,228 10,056 (2938%) 383,356 393,546 10,190 (259%) 445,112 (9,649) (5,100) 4,549 (8920%) (81,449) (61,200) 20,249 (3309%) (58,462) (1,824) (2,000) (176) 881% (22,691) (24,000) (1,309) 546% (25,363) (1,028) (1,028) 0 000% (12,336) (12,336) 0 000% (12,336) 0 0 0 (356) (520) (164) 3154% (583) (6,198) (3,475) 2,723 (7836%) (53,814) (41,700) 12,114 (2905%) (42,930) (189) (67) 122 (18243%) (766) (804) (38) 470% (1,072) (4,003) (4,002) 1 (001%) (48,031) (48,024) 7 (001%) (34,644) 0 (400) (400) 10000% (6,886) (4,800) 2,086 (4345%) (4,783) (150) (900) (750) 8333% (10,705) (10,800) (95) 088% (11,295) 0 0 0 (2,012) (3,140) (1,128) 3593% (2,066)

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 2 of 9 P & L GAAP Disposition Detail - Pet Fees - Total Other Income - Total Operating Income Operating Expenses Salary Expenses - Resident Manager - Assistant Manager - Bookkeeper - Marketing Manager - Leasing Consultant - Maintenance Supervisor - Maintenance Mechanic - Custodian - Bonus & Incentives - Temporary Help - Employee Relations - Employee Education - Emp Background Check - Payroll Processing - Help Wanted Advertising - Payroll Taxes - Worker's Compensation - Insurance Benefits - 401k Matching - Total Salary Expenses Marketing Expenses Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year (2,061) (1,500) 561 (3742%) (22,394) (18,000) 4,394 (2441%) (19,631) (25,102) (18,472) 6,630 (3589%) (261,439) (225,324) 36,115 (1603%) (213,165) (644,661) (619,570) 25,091 (405%) (7,557,282) (7,452,843) 104,439 (140%) (7,484,799) 4,371 4,372 1 (003%) 52,387 52,464 77 (015%) 50,923 2,936 3,380 444 (1315%) 14,880 40,560 25,680 (6331%) 29,299 0 2,803 2,803 (10000%) 28,951 33,636 4,685 (1393%) 34,251 0 0 0 20,397 0 (20,397) 10,482 0 4,810 4,810 (10000%) 36,575 57,720 21,145 (3663%) 52,013 3,988 3,919 (69) 175% 49,550 47,028 (2,522) 536% 61,430 4,995 4,740 (255) 537% 44,562 56,880 12,318 (2166%) 30,908 0 0 0 14,940 0 (14,940) 62,256 1,000 1,300 300 (2308%) 33,891 15,600 (18,291) 11725% 17,650 4,488 0 (4,488) 19,517 0 (19,517) 3,921 0 250 250 (10000%) 1,012 650 (362) 5565% 760 0 200 200 (10000%) 1,960 3,200 1,240 (3876%) 1,894 0 0 0 715 0 (715) 384 55 100 45 (4500%) 851 1,200 349 (2906%) 1,135 110 0 (110) 410 0 (410) 190 1,305 2,786 1,481 (5316%) 26,559 33,432 6,873 (2056%) 30,917 970 1,079 109 (1008%) 12,101 12,948 847 (654%) 12,341 1,948 2,950 1,002 (3398%) 29,856 35,400 5,544 (1566%) 39,581 0 0 0 0 0 0 129 26,164 32,689 6,525 (1996%) 389,113 390,718 1,605 (041%) 440,464

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 3 of 9 P & L GAAP Disposition Detail - Maid Services - Mailers & Postage - Model Accessories - Office Hospitality - Outside Leasing Commissions - Resident Referral - Printed Materials-Newsletters - Printed Media - Ads - Promotional Materials - Reisdent Functions - Resident Relations - Shopping Reports - Stationary & Brochures - Total Marketing Expenses Taxes & Insurance - Real Property Taxes - Personal Property Taxes - CFD Area Taxes A - CFD Area Taxes B - Insurance - Property Tax Consulting - Total Taxes & Insurance Turnover Costs - T/O Cleaning Contract - T/O Drapes & Blinds - T/O Painting & Wall Coverings - T/O Recovery Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year 0 130 130 (10000%) 72 1,560 1,489 (9542%) 0 0 0 0 423 0 (423) 295 0 350 350 (10000%) 204 1,400 1,196 (8541%) 1,307 193 100 (93) 9296% 1,450 1,200 (250) 2082% 961 2,493 309 (2,184) 70689% 13,131 4,017 (9,114) 22688% 8,907 0 0 0 1,800 2,100 300 (1429%) 2,100 176 0 (176) 819 600 (219) 3648% 641 2,585 2,691 106 (394%) 26,803 32,995 6,192 (1877%) 28,687 0 0 0 710 584 (126) 2164% 813 0 300 300 (10000%) 78 1,200 1,122 (9352%) 79 1,785 300 (1,485) 49500% 8,941 5,000 (3,941) 7881% 13,556 0 0 0 820 1,400 580 (4143%) 880 189 0 (189) 407 10,605 10,198 (9616%) 7,705 7,421 4,180 (3,241) 7753% 55,657 62,661 7,004 (1118%) 65,930 72,963 75,238 2,275 (302%) 891,731 894,006 2,275 (025%) 897,084 0 0 0 113 0 (113) 0 37,997 37,997 0 (000%) 455,963 455,964 1 (000%) 455,963 0 0 0 12,760 12,760 0 000% 12,760 12,587 12,587 (0) 000% 151,860 151,858 (2) 000% 156,414 0 0 0 0 2,244 2,244 (10000%) 750 123,547 125,822 2,275 (181%) 1,512,427 1,516,832 4,405 (029%) 1,522,971 1,880 1,770 (110) 621% 25,446 20,886 (4,560) 2183% 21,321 0 240 240 (10000%) 4,298 2,832 (1,466) 5175% 2,541 9,312 6,000 (3,312) 5520% 101,286 70,800 (30,486) 4306% 68,792 (4,017) (4,043) (26) 064% (60,025) (47,710) 12,315 (2581%) (51,236)

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 4 of 9 P & L GAAP Disposition Detail - T/O Floor Covering CL & REP - T/O Miscellaneous - Total Turnover Costs Repairs & Maintenance - Apartment Renewal - Appliances - Cabinets/Closets - Cleaning-Contract - Cleaning-Contract CAM - Cleaning Supplies - Clubhouse & Rec Room - Common Area Expense - Communication Equipment - Countertops - Electrical Service - Electrical Supplies - Elevators & Escalators - Exterior Building Structure - Exterior Lighting - Exterminators - Fire Protection Supplies - General Maintenance Supplies - HVAC Contract - HVAC Supplies - Interior Building - Keys & Locks - General Maintenance - Landscaping Contract Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year 670 975 305 (3128%) 14,887 11,505 (3,382) 2939% 13,555 0 0 0 453 0 (453) 191 7,845 4,942 (2,903) 5874% 86,345 58,313 (28,032) 4807% 55,164 0 0 0 (135) 0 135 0 649 325 (324) 9968% 4,655 3,900 (755) 1937% 2,882 0 150 150 (10000%) 620 600 (20) 338% 86 21,400 5,226 (16,174) 30949% 67,529 62,712 (4,817) 768% 25,192 0 0 0 0 0 0 0 319 100 (219) 21872% 7,604 1,200 (6,404) 53368% 6,215 59 550 491 (8928%) 871 7,500 6,629 (8839%) 5,672 1,351 200 (1,151) 57562% 2,129 2,400 271 (1131%) 3,167 0 0 0 0 0 0 177 100 0 (100) 100 840 740 (8810%) 60 175 100 (75) 7500% 1,230 1,200 (30) 250% 2,282 602 100 (502) 50229% 3,512 1,200 (2,312) 19267% 1,631 1,400 2,700 1,300 (4815%) 20,035 32,400 12,365 (3816%) 27,834 0 175 175 (10000%) 637 2,780 2,143 (7709%) 0 0 0 0 317 450 133 (2950%) 284 2,111 487 (1,624) 33348% 8,212 9,844 1,632 (1658%) 9,689 23 0 (23) 2,045 3,000 955 (3184%) 3,928 410 515 105 (2032%) 7,885 6,180 (1,705) 2758% 5,325 360 750 390 (5196%) 12,614 9,000 (3,614) 4015% 7,719 714 600 (114) 1908% 11,973 7,200 (4,773) 6629% 8,016 6,454 2,400 (4,054) 16893% 45,582 28,800 (16,782) 5827% 31,250 (175) 386 561 (14534%) 8,068 4,632 (3,436) 7417% 7,771 0 520 520 (10000%) 3,397 6,240 2,843 (4555%) 4,706 12,822 4,000 (8,822) 22055% 52,422 48,000 (4,422) 921% 39,480

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 5 of 9 P & L GAAP Disposition Detail - Landscaping Supplies - Landscaping-Irrigation - Light Bulbs - Painting & Wall Covering - Painting-Exterior - Plumbing Services - Plumbing Supplies - Pools & Fountains - Privacy Gates - Roof - Security Contract - Signs & Flagpoles - Small Tools - Uniforms - Walkways-Roads-Parking Lots - Window Cleaning Contract - Window Cleaning Supplies - Miscellaneous - Total Repairs & Maintenance Utilities - Electricity - Electricity-Vacant Units - Gas - Water - Sewer - Rubbish Removal - Telephone - Other Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year 0 200 200 (10000%) 710 2,400 1,690 (7042%) 4,813 0 0 0 0 0 0 205 1,680 250 (1,430) 57188% 6,099 3,000 (3,099) 10329% 3,768 52 200 148 (7386%) 6,202 2,400 (3,802) 15844% 5,192 340 100 (240) 24000% 782 1,200 418 (3482%) 540 815 200 (615) 30770% 10,581 7,500 (3,081) 4108% 16,061 1,946 800 (1,146) 14323% 17,655 9,600 (8,055) 8391% 10,748 363 475 112 (2360%) 6,281 5,700 (581) 1020% 3,805 250 400 150 (3750%) 3,008 4,800 1,792 (3734%) 4,704 0 0 0 389 0 (389) 0 4,300 4,450 150 (337%) 59,616 53,400 (6,216) 1164% 52,500 0 5 5 (10000%) 122 60 (62) 10352% 445 0 0 0 585 0 (585) 193 0 0 0 572 2,500 1,928 (7711%) 2,194 0 0 0 0 3,000 3,000 (10000%) 2,425 213 0 (213) 2,114 0 (2,114) 2,287 0 0 0 38 0 (38) 0 0 0 0 0 0 0 752 58,735 26,364 (32,371) 12278% 376,057 335,638 (40,419) 1204% 303,997 11,615 9,856 (1,759) 1784% 134,258 118,272 (15,986) 1352% 120,741 1,847 1,178 (669) 5680% 22,230 14,136 (8,094) 5726% 14,063 6,826 5,310 (1,516) 2856% 63,108 63,777 669 (105%) 61,013 1,969 6,425 4,456 (6936%) 83,139 75,475 (7,664) 1015% 74,601 874 1,100 226 (2055%) 13,320 13,200 (120) 091% 11,502 3,427 3,500 73 (207%) 41,698 42,000 302 (072%) 41,463 0 2,400 2,400 (10000%) 24,489 28,800 4,311 (1497%) 34,759 1,450 3,200 1,751 (5470%) 19,861 38,400 18,539 (4828%) 41,858

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 6 of 9 P & L GAAP Disposition Detail - Tenant Utility Reimbursement - Total Utilities General & Administrative - Property Management Fees - Legal Fees - Write Off Turnover Costs - Write Off Legal Fees - Write Off Utilities - Write Off Rent - Write Off Term/Insuf Notice - Write Off Other - Bad Debt Recovery - Bank Charges - Cable Television - Collection Agency Fee - Computer Service Fees - Courier & Postage - Credit Checks - Dues & Subscriptions - Licenses & Permits - Mileage Reimbursement - Office Equipment Rental - Office Supplies - Pager - Other - Total General & Administrative - Total Operating Expenses Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year (14,349) (14,800) (451) 305% (181,385) (174,912) 6,473 (370%) (172,799) 13,659 18,169 4,510 (2482%) 220,718 219,148 (1,570) 072% 227,202 26,288 24,783 (1,505) 607% 303,256 298,113 (5,143) 173% 300,472 2,914 1,500 (1,414) 9428% 11,795 18,000 6,205 (3447%) 16,698 (31) 200 231 (11567%) 2,767 2,400 (367) 1530% 1,026 0 500 500 (10000%) 2,659 6,000 3,341 (5569%) 1,023 (126) 0 126 89 0 (89) 0 (1,751) 1,000 2,751 (27515%) 18,645 23,000 4,355 (1893%) 10,072 (3,863) 700 4,563 (65180%) 20,326 8,400 (11,926) 14198% 4,968 0 0 0 2,834 0 (2,834) 1,226 0 0 0 (2,021) 0 2,021 (2,373) 237 525 288 (5492%) 7,337 6,300 (1,037) 1646% 7,058 0 0 0 2,776 3,700 924 (2498%) 4,042 2,582 122 (2,460) 201679% 5,061 1,464 (3,597) 24567% 1,819 676 480 (196) 4091% 8,783 8,647 (136) 157% 5,637 513 250 (263) 10524% 2,764 3,600 836 (2321%) 3,498 0 475 475 (10000%) 3,530 5,700 2,170 (3808%) 5,211 470 0 (470) 5,826 2,531 (3,295) 13020% 4,563 (438) 975 1,413 (14496%) 31,490 26,900 (4,590) 1706% 22,200 177 100 (77) 7716% 880 1,200 320 (2665%) 1,149 0 260 260 (10000%) 1,108 1,820 712 (3911%) 2,008 881 475 (406) 8542% 5,727 5,700 (27) 048% 6,048 0 0 0 0 0 0 78 0 0 0 2,466 0 (2,466) 827 28,529 32,345 3,816 (1180%) 438,098 423,475 (14,623) 345% 397,251 265,901 244,511 (21,390) 875% 3,078,415 3,006,785 (71,630) 238% 3,012,978

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 7 of 9 P & L GAAP Disposition Detail Net Operating Income Before Debt Debt Service/Interest Expense - Interest-First Trust Deed - Interest-Second Trust Deed - Letter of Credit Fees - Bond Administration Fees - Total Debt Service/Interest Expense Net Operating Income After Debt Non-Operating Income - Interest Income Total Non-Operating Income Capital Improvements - Appliances - Balconies - Building Lighting - Cabinets/Closets - Concrete Repair - Countertops - Doors - Drapery & Blinds - Electrical - Elevators & Escalators - Fire Protection - Floor Coverings - HVAC Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year (378,759) (375,059) 3,700 (099%) (4,478,867) (4,446,058) 32,809 (074%) (4,471,820) (5,826) 28,263 34,089 (12061%) 66,529 339,156 272,627 (8038%) 88,913 32,142 32,142 0 (000%) 385,700 385,704 4 (000%) 385,700 19,792 20,451 660 (322%) 240,797 241,453 656 (027%) 241,547 6,480 6,480 (0) 000% 78,809 78,805 (4) 000% 85,498 52,588 87,336 34,749 (3979%) 771,835 1,045,118 273,283 (2615%) 801,658 (326,172) (287,723) 38,449 (1336%) (3,707,032) (3,400,940) 306,092 (900%) (3,670,163) 0 0 0 0 0 0 0 (232) (300) (68) 2265% (80,193) (80,600) (407) 051% (81,341) (232) (300) (68) 2265% (80,193) (80,600) (407) 051% (81,341) 3,693 2,000 (1,693) 8466% 51,345 41,500 (9,845) 2372% 52,522 0 0 0 3,200 3,000 (200) 667% 4,500 0 0 0 3,075 12,105 9,030 (7459%) 13,003 0 0 0 1,004 1,000 (4) 045% 1,063 0 0 0 0 1,000 1,000 (10000%) 4,570 0 0 0 1,225 3,000 1,775 (5917%) 0 0 0 0 5,763 2,890 (2,873) 9943% 2,890 0 0 0 331 0 (331) 0 0 0 0 1,635 0 (1,635) 2,157 0 0 0 10,920 5,600 (5,320) 9500% 0 3,900 0 (3,900) 7,236 6,500 (736) 1132% 9,949 0 5,000 5,000 (10000%) 88,390 60,000 (28,390) 4732% 50,458 (48,795) 3,675 52,470 (142774%) 15,950 64,070 48,120 (7511%) 32,224

Property:, Holly Street LP the Month Ending: 12/31/2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail Date: 12/30/2011 Time: 12:20:30 PM Prepared By: Stephanie Tan Page 8 of 9 P & L GAAP Disposition Detail - Interior Building - Interior Design - Keys & Locks - Landscaping - Leasing Office - Office Equipment - Painting-Exterior - Painting-Interior - Plumbing - Pool Furniture - Pools & Fountains - Privacy Gates - Roof - Signs & Flags - Site Lighting - Stairs & Landings - Windows - Misc Capital Improvements Total Capital Improvements Extraordinary (Income)/Expenses - Fire Sue & Labor - Office - Legal - Partnership Legal Total Extraordinary (Income)/Expense Amortization/Depreciation - Amortization Metrics -Month Actual -Month Budget Variance % Year-To-Date Actual Year-To-Date Budget Variance % Year-To-Date Prior Year 0 0 0 4,932 0 (4,932) (739) 0 0 0 2,984 2,400 (584) 2433% 7,762 0 0 0 2,170 0 (2,170) 0 0 0 0 14,529 18,564 4,035 (2174%) 21,658 0 0 0 0 6,300 6,300 (10000%) 0 0 0 0 6,296 0 (6,296) 0 3,620 0 (3,620) 6,535 8,350 1,815 (2174%) 940 0 0 0 7,762 2,675 (5,087) 19015% 15,309 0 0 0 13,387 15,000 1,613 (1075%) 23,714 0 0 0 0 1,700 1,700 (10000%) 0 0 0 0 2,810 3,100 290 (935%) 3,497 0 0 0 10,779 2,000 (8,779) 43893% 1,578 0 0 0 100 3,600 3,500 (9722%) 4,490 0 0 0 631 0 (631) 0 0 0 0 0 1,075 1,075 (10000%) 0 0 0 0 0 850 850 (10000%) 0 0 0 0 371 0 (371) 0 0 0 0 42,426 2,700 (39,726) 147132% 51,222 (37,582) 10,675 48,257 (45205%) 305,786 268,979 (36,807) 1368% 302,767 0 0 0 0 0 0 0 0 0 0 0 0 0 (150) 0 0 0 0 0 0 0 0 0 0 55,384 0 (55,384) 0 0 0 0 0 0 0 21,850 0 0 0 55,384 0 (55,384) 21,700 0 0 0 0 0 0 0 4,986 0 (4,986) 59,830 0 (59,830) 59,830

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 1 of 9 P & L GAAP Disposition Detail Operating Income Rental Income Apartment Rent - Gross Potential Rent - Loss to Lease - Total Apartment Rent Other Rental Income - Retail Space Rent - Upgrade Unit Rent - Employee Allowances - Model Allowances - Vacancies - Vacancies - Retail - MTM/Short Term Rent - Total Other Rental Income Other Income - Retained/Refunded Deposit - NSF-Late Charges - Ancillary Income - Vending Machines - Garage Parking/Storage - Laundry Income - Retail Space CAM - Miscellaneous Income - Rental Fees January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Metrics 0 0 0 0 0 0 0 0 0 0 0 0 0 (642,011) (631,783) (654,208) (636,681) (642,772) (658,824) (644,519) (625,168) (629,260) (637,446) (648,295) (666,678) (7,717,644) 4,980 (6,131) 19,520 2,998 4,439 17,170 1,669 (18,802) (13,758) (4,064) 7,479 22,947 38,445 (637,031) (637,914) (634,689) (633,683) (638,334) (641,654) (642,850) (643,970) (643,019) (641,510) (640,816) (643,730) (7,679,199) (18,855) (18,855) (18,855) (18,855) (18,122) (11,587) (20,847) (17,600) (18,268) (19,642) (19,322) (18,418) (219,227) (425) (425) (425) (425) (308) (300) (300) (280) (175) (23) 0 0 (3,085) 6,669 2,099 4,384 8,623 4,491 6,198 6,198 6,598 6,766 6,598 6,598 6,275 71,498 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 3,725 44,700 30,654 41,009 40,227 41,998 45,372 36,675 44,578 32,445 34,501 34,192 29,211 28,198 439,060 5,125 5,125 5,125 5,125 4,392 1,460 4,392 4,392 4,392 4,392 4,392 4,392 52,704 0 (2,294) 0 0 0 0 0 0 0 0 0 0 (2,294) 26,893 30,385 34,181 40,192 39,550 36,171 37,746 29,281 30,941 29,242 24,604 24,172 383,356 (554) (3,611) (1,899) (9,515) (17,333) (10,406) (10,566) (8,860) (7,949) (169) (938) (9,649) (81,449) (1,772) (5,677) (713) 646 (481) (2,008) (2,054) (3,755) (2,003) (1,185) (1,863) (1,824) (22,691) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (1,028) (12,336) (89) 0 0 0 0 0 0 (91) 0 0 (176) 0 (356) (3,680) (4,333) (3,263) (7,947) (8,144) (4,343) (2,779) (2,600) (4,924) (2,945) (2,659) (6,198) (53,814) (185) 0 0 0 0 0 0 0 0 (196) (196) (189) (766) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (4,003) (48,031) 0 (657) (300) (2,592) 90 0 (2,841) (96) (350) (140) 0 0 (6,886) (350) (875) (675) (840) (1,190) (705) (1,400) (1,960) (1,225) (705) (630) (150) (10,705)

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 2 of 9 January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual P & L GAAP Disposition Detail Metrics - Renter's Insurance Commission 0 (1,002) 0 0 (505) 0 0 0 0 0 (505) 0 (2,012) - Pet Fees (1,725) (1,709) (1,862) (1,929) (1,810) (1,674) (1,851) (2,053) (1,718) (1,902) (2,099) (2,061) (22,394) - Total Other Income (13,385) (22,895) (13,742) (27,207) (34,404) (24,167) (26,522) (24,446) (23,200) (12,273) (14,097) (25,102) (261,439) - Total Operating Income (623,523) (630,425) (614,249) (620,698) (633,187) (629,650) (631,626) (639,136) (635,278) (624,541) (630,309) (644,661) (7,557,282) Operating Expenses Salary Expenses - Resident Manager 4,307 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 4,371 52,387 - Assistant Manager 0 0 0 26 17 0 0 0 2,616 4,851 4,433 2,936 14,880 - Bookkeeper 3,221 2,920 2,813 3,260 2,798 3,149 3,336 2,900 3,291 1,263 0 0 28,951 - Marketing Manager 4,189 3,919 3,922 3,342 0 0 0 2,795 2,230 0 0 0 20,397 - Leasing Consultant 4,594 4,657 4,337 4,623 4,250 4,617 2,553 1,874 1,599 1,359 2,112 0 36,575 - Maintenance Supervisor 5,338 4,484 0 3,055 4,337 4,824 5,668 4,205 4,733 4,459 4,459 3,988 49,550 - Maintenance Mechanic 2,599 2,702 3,098 2,838 2,319 3,690 3,456 3,475 5,192 5,583 4,616 4,995 44,562 - Custodian 2,080 1,915 1,950 2,266 1,788 1,873 2,204 865 0 0 0 0 14,940 - Bonus & Incentives 1,850 1,625 7,341 1,425 2,900 3,200 3,325 2,625 2,175 2,875 3,550 1,000 33,891 - Temporary Help 620 0 0 0 0 376 3,035 3,846 3,099 2,377 1,677 4,488 19,517 - Employee Relations 98 31 23 279 0 200 178 150 0 53 0 0 1,012 - Employee Education 0 0 490 0 0 490 0 0 490 0 490 0 1,960 - Emp Background Check 0 0 0 0 0 0 0 0 157 0 558 0 715 - Payroll Processing 80 75 71 76 70 74 70 75 70 65 70 55 851 - Help Wanted Advertising 95 0 0 0 0 0 95 110 0 0 0 110 410 - Payroll Taxes 3,175 3,764 2,841 2,101 1,708 1,933 1,879 1,931 2,267 1,873 1,782 1,305 26,559 - Worker's Compensation 1,052 935 957 930 892 966 921 885 1,134 1,247 1,211 970 12,101 - Insurance Benefits 2,708 2,708 2,541 2,819 2,850 3,044 2,452 2,447 2,245 2,043 2,053 1,948 29,856 - Total Salary Expenses 36,006 34,104 34,754 31,411 28,301 32,807 33,543 32,553 35,669 32,418 31,383 26,164 389,113

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 3 of 9 P & L GAAP Disposition Detail Metrics Marketing Expenses - Maid Services - Mailers & Postage - Model Accessories - Office Hospitality - Outside Leasing Commissions - Resident Referral - Printed Materials-Newsletters - Printed Media - Ads - Promotional Materials - Reisdent Functions - Resident Relations - Shopping Reports - Stationary & Brochures - Total Marketing Expenses Taxes & Insurance - Real Property Taxes - Personal Property Taxes - CFD Area Taxes A - CFD Area Taxes B - Insurance - Total Taxes & Insurance Turnover Costs - T/O Cleaning Contract - T/O Drapes & Blinds - T/O Painting & Wall Coverings January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual 0 0 0 0 0 0 0 0 0 0 72 0 72 0 0 102 0 0 109 0 0 0 212 0 0 423 150 0 0 0 18 0 36 0 0 0 0 0 204 53 66 106 154 111 0 220 216 0 0 331 193 1,450 624 1,242 624 1,242 1,551 933 631 948 1,257 639 948 2,493 13,131 0 300 600 0 300 0 0 300 0 0 300 0 1,800 0 0 0 145 0 145 0 176 0 176 0 176 819 2,431 2,410 2,372 2,043 2,267 2,478 1,855 2,332 2,974 933 2,125 2,585 26,803 0 0 146 112 0 146 0 0 153 0 153 0 710 0 0 0 0 0 0 78 0 0 0 0 0 78 122 1,512 2,392 854 689 426 106 276 322 65 392 1,785 8,941 105 0 305 105 200 105 0 0 0 0 0 0 820 89 0 0 0 0 130 0 0 0 0 0 189 407 3,573 5,530 6,646 4,653 5,136 4,471 2,926 4,249 4,706 2,026 4,321 7,421 55,657 73,763 73,763 73,763 73,763 73,763 73,763 75,238 75,238 75,238 75,238 75,238 72,963 891,731 0 0 0 0 113 0 0 0 0 0 0 0 113 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 37,997 455,963 0 0 0 0 0 11,030 0 0 0 1,730 0 0 12,760 12,994 12,994 12,994 12,180 12,587 12,587 12,587 12,587 12,587 12,587 12,587 12,587 151,860 124,754 124,754 124,754 123,940 124,460 135,377 125,822 125,822 125,822 127,552 125,822 123,547 1,512,427 2,970 1,717 2,467 2,362 2,240 1,485 2,967 1,040 3,675 1,090 1,555 1,880 25,446 0 0 0 0 253 919 752 1,158 336 422 458 0 4,298 1,207 4,835 11,617 3,567 6,883 9,470 15,079 5,010 20,603 7,509 6,195 9,312 101,286

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 4 of 9 P & L GAAP Disposition Detail Metrics - T/O Recovery - T/O Floor Covering CL & REP - T/O Miscellaneous - Total Turnover Costs Repairs & Maintenance - Apartment Renewal - Appliances - Cabinets/Closets - Cleaning-Contract - Cleaning-Contract CAM - Cleaning Supplies - Clubhouse & Rec Room - Common Area Expense - Communication Equipment - Countertops - Electrical Service - Electrical Supplies - Elevators & Escalators - Exterior Building Structure - Exterior Lighting - Exterminators - Fire Protection Supplies - General Maintenance Supplies - HVAC Contract - HVAC Supplies - Interior Building - Keys & Locks January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual (2,644) (6,175) (3,763) (5,916) (4,135) (5,757) (7,268) (4,804) (8,267) (4,345) (2,935) (4,017) (60,025) 447 3,567 2,057 224 931 700 1,494 2,113 990 1,315 380 670 14,887 0 0 0 0 0 0 0 75 0 378 0 0 453 1,980 3,944 12,378 236 6,173 6,817 13,024 4,592 17,336 6,368 5,653 7,845 86,345 (135) 0 0 0 0 0 0 0 0 0 0 0 (135) 28 0 0 451 623 874 767 419 459 274 111 649 4,655 0 0 0 0 0 257 293 36 34 0 0 0 620 5,400 5,400 5,400 6,870 5,226 0 5,327 5,226 6,098 5,858 (4,676) 21,400 67,529 0 0 0 0 0 0 0 0 0 0 0 0 0 346 312 0 361 92 1,056 685 558 959 940 1,976 319 7,604 0 83 729 0 0 0 0 0 0 0 0 59 871 583 0 117 0 68 10 0 0 0 0 0 1,351 2,129 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100 100 468 0 1,024 (687) 0 0 0 250 0 0 0 175 1,230 137 0 34 107 141 576 474 308 484 336 314 602 3,512 4,728 (1,600) 1,550 6,840 (1,600) 1,200 1,200 1,200 2,310 1,301 1,506 1,400 20,035 0 0 0 637 0 0 0 0 0 0 0 0 637 0 0 0 0 0 266 51 0 0 0 0 0 317 1,338 577 1,794 299 299 299 299 0 598 299 299 2,111 8,212 378 0 0 378 0 0 265 378 0 245 378 23 2,045 182 212 1,173 (32) 369 1,281 1,496 102 1,235 706 749 410 7,885 440 492 5,176 (1,477) 1,585 1,081 907 980 1,516 440 1,114 360 12,614 410 22 0 1,202 2,226 1,466 919 979 1,137 2,348 551 714 11,973 4,485 2,795 2,433 3,166 3,086 2,199 3,857 4,026 4,544 3,624 4,913 6,454 45,582 1,277 1,703 96 292 895 1,210 571 225 173 1,490 310 (175) 8,068

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 5 of 9 P & L GAAP Disposition Detail Metrics - General Maintenance - Landscaping Contract - Landscaping Supplies - Light Bulbs - Painting & Wall Covering - Painting-Exterior - Plumbing Services - Plumbing Supplies - Pools & Fountains - Privacy Gates - Roof - Security Contract - Signs & Flagpoles - Small Tools - Uniforms - Window Cleaning Contract - Window Cleaning Supplies - Total Repairs & Maintenance Utilities - Electricity - Electricity-Vacant Units - Gas - Water - Sewer - Rubbish Removal - Telephone - Other January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual 443 562 733 0 28 0 619 273 0 0 740 0 3,397 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 3,600 0 12,822 52,422 3,165 (3,165) 0 710 0 0 0 0 0 0 0 0 710 127 0 457 543 426 966 582 191 278 247 603 1,680 6,099 516 977 0 1,021 910 551 813 8 432 286 636 52 6,202 0 0 404 0 0 0 38 0 0 0 0 340 782 1,100 242 938 2,764 554 277 1,683 373 438 325 1,073 815 10,581 439 848 1,394 1,931 404 2,781 2,027 591 2,769 1,313 1,213 1,946 17,655 465 0 325 760 1,600 (912) 405 0 1,436 0 1,839 363 6,281 695 150 0 500 0 435 103 250 375 0 250 250 3,008 0 0 0 389 0 0 0 0 0 0 0 0 389 11,053 0 4,802 4,340 8,961 4,350 4,420 4,500 4,500 (160) 8,550 4,300 59,616 0 0 0 0 0 0 0 122 0 0 0 0 122 0 58 0 73 21 286 147 0 0 0 0 0 585 117 264 0 0 0 137 55 0 0 0 0 0 572 418 205 213 213 213 213 213 0 213 0 0 213 2,114 0 0 0 0 0 0 0 0 16 22 0 0 38 42,602 14,137 32,791 35,650 30,126 24,857 32,214 24,995 34,005 23,493 22,450 58,735 376,057 9,474 9,928 9,856 9,529 14,947 12,095 12,091 12,661 11,833 12,466 7,763 11,615 134,258 1,465 2,851 2,400 1,349 1,137 1,475 1,750 2,068 1,805 2,319 1,764 1,847 22,230 4,370 4,791 6,466 6,483 8,809 4,562 5,704 2,783 3,789 3,800 4,724 6,826 63,108 6,315 4,309 6,190 8,537 10,879 6,937 (1,936) 22,049 4,376 3,261 10,254 1,969 83,139 1,045 541 948 951 2,284 995 (288) 3,331 630 454 1,556 874 13,320 3,608 3,427 3,427 3,427 2,105 3,852 3,609 4,106 3,852 3,427 3,427 3,427 41,698 2,119 2,435 1,173 3,485 3,859 449 2,144 985 6,304 (438) 1,976 0 24,489 4,663 1,226 1,243 1,711 1,479 1,557 1,494 (15) 1,529 420 3,105 1,450 19,861

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 6 of 9 P & L GAAP Disposition Detail Metrics - Tenant Utility Reimbursement - Total Utilities General & Administrative - Property Management Fees - Legal Fees - Write Off Turnover Costs - Write Off Legal Fees - Write Off Utilities - Write Off Rent - Write Off Term/Insuf Notice - Write Off Other - Bad Debt Recovery - Bank Charges - Cable Television - Collection Agency Fee - Computer Service Fees - Courier & Postage - Credit Checks - Dues & Subscriptions - Licenses & Permits - Mileage Reimbursement - Office Equipment Rental - Office Supplies - Other - Total General & Administrative - Total Operating Expenses January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual (13,568) (16,742) (14,743) (18,359) (17,052) (17,857) (15,323) (9,657) (12,906) (14,046) (16,783) (14,349) (181,385) 19,491 12,766 16,961 17,113 28,448 14,065 9,245 38,310 21,212 11,663 17,786 13,659 220,718 25,120 25,344 24,643 25,302 24,657 25,307 25,307 25,242 24,901 23,747 27,398 26,288 303,256 140 3,305 2,380 19,728 789 44 (19,692) 771 2,095 (830) 150 2,914 11,795 (46) 150 34 596 660 (81) 930 447 947 (777) (61) (31) 2,767 0 0 691 860 0 0 1,049 (771) 0 830 0 0 2,659 0 0 0 0 0 0 45 179 0 (10) 0 (126) 89 1,691 2,285 3,453 3,583 (1,124) 488 3,370 3,275 (198) 3,060 513 (1,751) 18,645 0 287 (383) (200) 8,538 2,382 8,608 (109) 6,708 (1,855) 213 (3,863) 20,326 0 140 536 305 1,718 45 145 (30) 0 (25) 0 0 2,834 (1,581) (60) (329) (204) 1,001 30 0 (590) (287) 0 0 0 (2,021) 1,136 1,169 180 1,017 234 570 219 969 288 677 641 237 7,337 0 0 925 0 0 925 0 925 0 0 0 0 2,776 0 0 0 0 1,100 173 0 40 184 689 293 2,582 5,061 0 4,003 92 0 1,107 475 0 0 0 0 2,430 676 8,783 65 11 377 161 288 216 408 129 268 265 64 513 2,764 0 616 310 341 741 310 280 0 310 0 621 0 3,530 240 0 487 0 0 2,647 0 0 1,795 0 187 470 5,826 3,054 5,083 1,350 1,375 675 1,425 1,425 1,650 2,299 100 13,492 (438) 31,490 0 55 0 0 0 148 0 0 500 0 0 177 880 259 0 259 109 109 240 0 0 0 0 133 0 1,108 2,472 (1,310) 696 470 347 119 702 600 65 466 219 881 5,727 0 1,740 196 0 0 0 0 0 530 0 0 0 2,466 32,549 42,817 35,897 53,443 40,839 35,464 22,797 32,727 40,406 26,336 46,293 28,529 438,098 260,955 238,051 264,180 266,447 263,481 253,859 239,571 263,248 279,156 229,857 253,708 265,901 3,078,415

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 7 of 9 P & L GAAP Disposition Detail Metrics Net Operating Income Before Debt Debt Service/Interest Expense - Interest-First Trust Deed - Interest-Second Trust Deed - Letter of Credit Fees - Bond Administration Fees - Total Debt Service/Interest Expense Net Operating Income After Debt Non-Operating Income - Interest Income Total Non-Operating Income Capital Improvements - Appliances - Balconies - Building Lighting - Cabinets/Closets - Countertops - Doors - Drapery & Blinds - Electrical - Elevators & Escalators - Fire Protection - Floor Coverings - HVAC January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual (362,568) (392,374) (350,068) (354,252) (369,706) (375,790) (392,055) (375,888) (356,122) (394,684) (376,601) (378,759) (4,478,867) 9,106 17,236 (2,249) 9,125 5,083 4,953 4,655 1,338 5,315 8,075 9,719 (5,826) 66,529 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 32,142 385,700 20,451 20,451 18,472 20,451 19,792 20,451 19,792 20,451 20,451 19,792 20,451 19,792 240,797 6,689 6,689 6,062 6,689 6,480 6,689 6,480 6,689 6,689 6,480 6,689 6,480 78,809 68,388 76,518 54,427 68,407 63,496 64,235 63,069 60,620 64,597 66,488 69,001 52,588 771,835 (294,180) (315,855) (295,641) (285,845) (306,210) (311,556) (328,986) (315,268) (291,525) (328,196) (307,599) (326,172) (3,707,032) 0 0 0 0 0 0 0 0 0 0 0 0 0 (191) (189) (188) (153) (158) (40,044) (186) (168) (197) (38,298) (189) (232) (80,193) (191) (189) (188) (153) (158) (40,044) (186) (168) (197) (38,298) (189) (232) (80,193) 1,922 9,007 0 8,788 7,183 6,167 2,599 1,738 1,094 6,385 2,768 3,693 51,345 0 0 0 0 0 0 3,200 0 0 0 0 0 3,200 0 0 0 847 0 864 1,364 0 0 0 0 0 3,075 0 0 0 703 0 302 0 0 0 0 0 0 1,004 0 0 1,225 0 0 0 0 0 0 0 0 0 1,225 895 0 792 635 1,596 655 1,190 0 0 0 0 0 5,763 0 0 331 0 0 0 0 0 0 0 0 0 331 0 0 0 1,635 0 0 0 0 0 0 0 0 1,635 0 4,000 0 0 2,800 900 3,220 0 0 0 0 0 10,920 0 0 0 0 2,038 0 0 0 0 0 1,298 3,900 7,236 1,119 7,804 4,206 15,258 11,513 10,499 8,224 4,620 9,434 15,711 0 0 88,390 4,000 6,841 2,000 16,945 4,680 5,774 469 3,812 13,615 2,640 3,968 (48,795) 15,950

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 8 of 9 January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual P & L GAAP Disposition Detail Metrics - Interior Building 0 0 0 0 0 3,032 0 0 0 1,900 0 0 4,932 - Interior Design 0 0 0 0 0 0 0 0 0 0 2,984 0 2,984 - Keys & Locks 0 60 60 947 782 0 78 242 0 0 0 0 2,170 - Landscaping (13,835) 17,837 0 0 5,040 1,860 2,902 725 0 0 0 0 14,529 - Office Equipment 3,727 0 0 652 317 1,600 0 0 0 0 0 0 6,296 - Painting-Exterior 0 0 1,050 0 480 0 1,385 0 0 0 0 3,620 6,535 - Painting-Interior 0 0 0 5,182 780 1,800 0 0 0 0 0 0 7,762 - Plumbing 0 0 4,796 0 1,831 1,428 0 1,551 0 1,997 1,784 0 13,387 - Pools & Fountains 0 0 730 0 0 2,080 0 0 0 0 0 0 2,810 - Privacy Gates 0 0 0 1,200 7,194 0 0 0 1,390 995 0 0 10,779 - Roof (2,500) 0 0 0 0 0 0 0 0 0 2,600 0 100 - Signs & Flags 0 0 0 0 0 631 0 0 0 0 0 0 631 - Windows 0 0 0 0 0 0 371 0 0 0 0 0 371 - Misc Capital Improvements 0 4,750 539 269 0 0 0 0 0 36,868 0 0 42,426 Total Capital Improvements (4,672) 50,300 15,729 53,062 46,236 37,592 25,002 12,688 25,533 66,496 15,402 (37,582) 305,786 Extraordinary (Income)/Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 - Office 95 185 125 125 0 0 0 0 (530) 0 0 0 0 - Legal 850 0 0 0 0 3,560 43,666 0 0 7,308 0 0 55,384 Total Extraordinary (Income)/Expense 945 185 125 125 0 3,560 43,666 0 (530) 7,308 0 0 55,384 Amortization/Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0 - Amortization 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 59,830 Total Amortization/Depreciation 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 4,986 59,830 Real Estate 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 Net (Income)/Loss (293,111) (260,574) (274,989) (227,826) (255,145) (305,462) (255,518) (297,762) (261,733) (287,705) (287,400) (358,999) (3,366,225)

Property:, Holly Street LP the Year Ending: 2011, For SARES-REGIS Group Multifamily Property Management Division GAAP Disposition Detail 12 Month Date: 12/30/2011 Time: 12:19:59 PM Prepared By: Stephanie Tan Page 9 of 9 P & L GAAP Disposition Detail Metrics January February March April May June July August September October November December Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual

Company: Holly Street LP, Month End Date: 12/31/2011 Account 5431111 5431122 5431123 5431126 5431133 5431143 5431173 5431212 5431213 5431222 5431224 5431259 5431261 5431265 5431312 54313338901 54313338917 54313338945 54313338961 54313338963 54313338997 5431341 54313428901 54313428907 54313428909 54313428911 54313428917 54313428927 54313428935 54313428939 54313428945 54313428947 54313428959 54313428961 54313428963 54313428971 54313428981 54313428997 Petty Cash Holly Street General Checking Cash-Rehab Cash-Rental Account Cash-Money Market Cash-Security Deposits Cash-Civic Center Res Resident Receivables A/R Contra-Unearned Rent Cobra Insurance Receivables Employee Advance Intercompany-Computer Contr Late Charge Receivables Due For Payroll Developed Land Appliances Countertops Interior Building Interior Painting Plumbing Supervision Fee Multi-Family Appliances Brochures (Lease Up) Building Lighting Cabinets/Closets Countertops Elevators & Escalators Floor Coverings HVAC Interior Building Interior Design Painting-Exterior Painting-Interior Plumbing Recreation Building Signs & Flage Rehab Supervision Fee Metrics SARES-REGIS Group Multifamily Property Management Division Unaudited Trial Balance Date: 12/30/2011 Time: 12:19:17 PM Prepared By: Stephanie Tan Page 1 of 7 Month All Balance All Month P&L YTD Balance P&L Month Balance ITD Balance Sheet Accounts Accounts Accounts Accounts Sheet Accounts Accounts 000 35000 000 000 000 35000 (24,39719) 38,17603 000 000 (24,39719) 38,17603 19,02236 23,84776 000 000 19,02236 23,84776 (76306) 32,66849 000 000 (76306) 32,66849 51,43218 194,10382 000 000 51,43218 194,10382 7732 268,84533 000 000 7732 268,84533 000 1,329,06680 000 000 000 1,329,06680 (8,44429) 13,00787 000 000 (8,44429) 13,00787 (12,46783) (42,16609) 000 000 (12,46783) (42,16609) 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 13,372,69745 000 000 000 13,372,69745 000 198,53113 000 000 000 198,53113 000 170,17200 000 000 000 170,17200 000 23,82570 000 000 000 23,82570 000 46,78500 000 000 000 46,78500 000 56,74356 000 000 000 56,74356 1,59657 39,68459 000 000 1,59657 39,68459 000 64,524,29698 000 000 000 64,524,29698 000 62,64778 000 000 000 62,64778 000 25,93880 000 000 000 25,93880 000 40,59501 000 000 000 40,59501 000 688,39830 000 000 000 688,39830 000 000 000 000 000 000 000 9,27450 000 000 000 9,27450 000 293,70837 000 000 000 293,70837 58,81240 59,77579 000 000 58,81240 59,77579 000 417,32702 000 000 000 417,32702 000 238,82106 000 000 000 238,82106 000 297,17025 000 000 000 297,17025 000 100,13878 000 000 000 100,13878 000 28053 000 000 000 28053 000 81000 000 000 000 81000 000 87,39311 000 000 000 87,39311 22269 193,87739 000 000 22269 193,87739

Company: Holly Street LP, Month End Date: 12/31/2011 Account 54313428999 5431421 54314318965 54314318973 5431434 5431621 5431721 5431722 5431723 5431724 5431727 5431728 5431731 5431812 5431816 5431821 5431825 5431826 5431919 5432121 5432122 5432123 5432211 5432212 5432241 5432311 5432323 5432341 5432357 5432412 5432413 5432471 5432499 5433111 5433121 5433153 5433154 5433249 Rehab Contingency Office Furniture Pool Furniture Recreation Equipment Computer Equipment Investment - Parkside BMF Loan Costs Amort-BMF Loan Costs Interest Rate Cap Amort-Interest Rate Cap Bond Loan Costs Amort-Bond Loan Costs Lease Commissions Prepaid Insurance Prepaid Taxes Tax Impound Hedge Reserve Fund Bond Fee Impound Other Deposits 1st TD Payable-Original Second Trust Deed Payable CFD Bonds Payable Accounts Payable-Comp Control Accounts Payable-General Bond/Trustee Fees Payable Accrued Payroll Accrued Interest Ser B Accrued Management Fees Accrued Property Taxes Security Deposits Security Deposit Clearing Contingent Liabilities Misc Other Liabilities Capital-Portfolio Contributions-Portfolio Distribution-Regis Distribution-Portfolio Retained Earnings Metrics SARES-REGIS Group Multifamily Property Management Division Unaudited Trial Balance Date: 12/30/2011 Time: 12:19:17 PM Prepared By: Stephanie Tan Page 2 of 7 Month All Balance All Month P&L YTD Balance P&L Month Balance ITD Balance Sheet Accounts Accounts Accounts Accounts Sheet Accounts Accounts 000 159,03705 000 000 000 159,03705 000 458,46667 000 000 000 458,46667 000 12,50008 000 000 000 12,50008 000 19,64287 000 000 000 19,64287 000 4,37425 000 000 000 4,37425 000 000 000 000 000 000 000 348,22884 000 000 000 348,22884 (2,90100) (281,39700) 000 000 (2,90100) (281,39700) 15086 38,00000 000 000 15086 38,00000 37,21779 000 000 000 37,21779 000 000 523,37474 000 000 000 523,37474 (1,45400) (141,09400) 000 000 (1,45400) (141,09400) (63928) 13,56012 000 000 (63928) 13,56012 (12,58723) 25,17434 000 000 (12,58723) 25,17434 77422 77422 000 000 77422 77422 (344,21962) 272,23133 000 000 (344,21962) 272,23133 (354,87457) 1,05526 000 000 (354,87457) 1,05526 (1,97524) 288,44452 000 000 (1,97524) 288,44452 000 2,00000 000 000 000 2,00000 000 (33,915,00000) 000 000 000 (33,915,00000) 000 (7,000,00000) 000 000 000 (7,000,00000) 000 (8,685,00000) 000 000 000 (8,685,00000) 28229 76212 000 000 28229 76212 (28,73818) (84,04418) 000 000 (28,73818) (84,04418) 1,97524 (264,42994) 000 000 1,97524 (264,42994) 000 (20,85900) 000 000 000 (20,85900) 000 (32,14167) 000 000 000 (32,14167) (8998) (1,09160) 000 000 (8998) (1,09160) 338,19375 000 000 000 338,19375 000 40800 (288,31076) 000 000 40800 (288,31076) (2,05448) (2,30773) 000 000 (2,05448) (2,30773) 61276 (12,25161) 000 000 61276 (12,25161) 000 000 000 000 000 000 000 (34,339,29929) 000 000 000 (34,339,29929) (19,02236) (14,642,49777) 000 000 (19,02236) (14,642,49777) 000 000 000 000 000 000 662,84926 40,917,70161 000 000 662,84926 40,917,70161 000 (22,816,17164) 000 000 000 (22,816,17164)

Company: Holly Street LP, Month End Date: 12/31/2011 Account 5434510 5434514 5434515 5434516 5434521 5434522 5434540 5434545 5434551 5434552 5434555 5434556 5434557 5434558 5434559 5434560 5434561 5434563 5434565 5434570 5434571 5438011 5438012 5438022 5438031 5438033 5438041 5438042 5438043 5438051 5438061 5438062 5438063 5438064 5438065 5438071 5438081 5438082 Apartment Rent Upgrade Unit Rent Loss to Lease Retail Rental Income Employee Allowances Model Allowances Vacancies Vacancies - Retail Retained/Refunded Deposit NSF-Late Charges Ancillary Services Income Vending Machines Garage Parking/ Storage Laundry Income Retail Space-CAM Miscellaneous Income Rental Fees MTM/Short Term Rent Pet Fees Interest Income Renter's Insurance Commission Resident Manager Assistant Manager Bookkeeper Marketing Manager Leasing Consultant Maintenance Supervisor Maintenance Mechanic Custodian Bonus & Incentives Temporary Help Employee Relations Employee Education Emp Background Check Payroll Processing Help Wanted Advertising Payroll Taxes Worker's Compensation Metrics SARES-REGIS Group Multifamily Property Management Division Unaudited Trial Balance Date: 12/30/2011 Time: 12:19:17 PM Prepared By: Stephanie Tan Page 3 of 7 Month All Balance All Month P&L YTD Balance P&L Month Balance ITD Balance Sheet Accounts Accounts Accounts Accounts Sheet Accounts Accounts (666,67760) (7,717,64416) (666,67760) (7,717,64416) 000 000 000 (3,08548) 000 (3,08548) 000 000 22,94748 38,44536 22,94748 38,44536 000 000 (18,41840) (219,22684) (18,41840) (219,22684) 000 000 6,27542 71,49781 6,27542 71,49781 000 000 3,72500 44,70000 3,72500 44,70000 000 000 28,19751 439,06038 28,19751 439,06038 000 000 4,39200 52,70400 4,39200 52,70400 000 000 (9,64909) (81,44871) (9,64909) (81,44871) 000 000 (1,82389) (22,69068) (1,82389) (22,69068) 000 000 (1,02800) (12,33600) (1,02800) (12,33600) 000 000 000 (35600) 000 (35600) 000 000 (6,19802) (53,81429) (6,19802) (53,81429) 000 000 (18923) (76623) (18923) (76623) 000 000 (4,00259) (48,03108) (4,00259) (48,03108) 000 000 000 (6,88571) 000 (6,88571) 000 000 (15000) (10,70500) (15000) (10,70500) 000 000 000 (2,29375) 000 (2,29375) 000 000 (2,06129) (22,39363) (2,06129) (22,39363) 000 000 (23205) (80,19272) (23205) (80,19272) 000 000 000 (2,01175) 000 (2,01175) 000 000 4,37086 52,38667 4,37086 52,38667 000 000 2,93557 14,87987 2,93557 14,87987 000 000 000 28,95070 000 28,95070 000 000 000 20,39693 000 20,39693 000 000 000 36,57540 000 36,57540 000 000 3,98757 49,55018 3,98757 49,55018 000 000 4,99475 44,56191 4,99475 44,56191 000 000 000 14,94025 000 14,94025 000 000 1,00000 33,89116 1,00000 33,89116 000 000 4,48759 19,51678 4,48759 19,51678 000 000 000 1,01171 000 1,01171 000 000 000 1,95976 000 1,95976 000 000 000 71468 000 71468 000 000 5500 85125 5500 85125 000 000 11000 41000 11000 41000 000 000 1,30501 26,55877 1,30501 26,55877 000 000 97028 12,10111 97028 12,10111 000 000

Company: Holly Street LP, Month End Date: 12/31/2011 Account 5438083 5438111 5438112 5438121 5438131 5438132 5438141 5438151 5438161 5438162 5438201 5438203 5438204 5438205 5438206 5438207 5438210 5438211 5438215 5438221 5438223 5438225 5438231 5438232 5438233 5438234 5438235 5438236 5438237 5438240 5438241 5438242 5438243 5438244 5438245 5438246 5438248 5438249 Insurance Benefits Electricity Electricity-Vacant Units Gas Water Sewer Rubbish Removal Telephone Other Tenant Utility Reimbursement T/O-Cleaning Contract T/O-Drapes & Blinds T/O-Painting & Wall Coverings T/O-Recovery T/O-Floor Covering CL & REP T/O Miscellaneous Apartment Renewal Appliances Cabinets/ Closets Cleaning-Contract Cleaning-Contract CAM Cleaning-Supplies Clubhouse and Rec Room Common Area Expense Communication Equipment Countertops Electrical Services Electrical Supplies Elevators & Escalators Exterior Building Structure Exterior Lighting Exterminators Fire Protection Supplies General Maintenance Supplies HVAC-Contract HVAC-Supplies Interior Building Keys & Locks Metrics SARES-REGIS Group Multifamily Property Management Division Unaudited Trial Balance Date: 12/30/2011 Time: 12:19:17 PM Prepared By: Stephanie Tan Page 4 of 7 Month All Balance All Month P&L YTD Balance P&L Month Balance ITD Balance Sheet Accounts Accounts Accounts Accounts Sheet Accounts Accounts 1,94767 29,85601 1,94767 29,85601 000 000 11,61453 134,25804 11,61453 134,25804 000 000 1,84706 22,23033 1,84706 22,23033 000 000 6,82646 63,10783 6,82646 63,10783 000 000 1,96891 83,13889 1,96891 83,13889 000 000 87400 13,32049 87400 13,32049 000 000 3,42742 41,69772 3,42742 41,69772 000 000 000 24,48905 000 24,48905 000 000 1,44950 19,86122 1,44950 19,86122 000 000 (14,34879) (181,38549) (14,34879) (181,38549) 000 000 1,88000 25,44645 1,88000 25,44645 000 000 000 4,29765 000 4,29765 000 000 9,31216 101,28614 9,31216 101,28614 000 000 (4,01701) (60,02509) (4,01701) (60,02509) 000 000 67000 14,88685 67000 14,88685 000 000 000 45335 000 45335 000 000 000 (13500) 000 (13500) 000 000 64895 4,65543 64895 4,65543 000 000 000 62029 000 62029 000 000 21,40000 67,52850 21,40000 67,52850 000 000 000 000 000 000 000 000 31872 7,60411 31872 7,60411 000 000 5895 87057 5895 87057 000 000 1,35123 2,12863 1,35123 2,12863 000 000 000 000 000 000 000 000 10000 10000 10000 10000 000 000 17500 1,23000 17500 1,23000 000 000 60229 3,51201 60229 3,51201 000 000 1,40000 20,03511 1,40000 20,03511 000 000 000 63702 000 63702 000 000 000 31724 000 31724 000 000 2,11106 8,21188 2,11106 8,21188 000 000 2323 2,04483 2323 2,04483 000 000 41035 7,88467 41035 7,88467 000 000 36032 12,61366 36032 12,61366 000 000 71449 11,97298 71449 11,97298 000 000 6,45433 45,58222 6,45433 45,58222 000 000 (17501) 8,06756 (17501) 8,06756 000 000

Company: Holly Street LP, Month End Date: 12/31/2011 Account 5438250 5438251 5438253 5438261 5438262 5438264 5438266 5438268 5438272 5438274 5438277 5438278 5438280 5438282 5438286 5438289 5438290 5438310 5438330 5438335 5438336 5438350 5438450 5438490 5438520 5438525 5438530 5438535 5438540 5438542 5438545 5438550 5438555 5438560 5438565 5438570 5438585 5438612 General Maintenance Landscaping Contract Landscaping Supplies Light Bulbs Painting & Wall Covering Painting-Exterior Plumbing Services Plumbing Supplies Pools & Fountains Privacy Gates Roof Security Contract Signs & Flagpoles Small Tools Uniforms Window Cleaning-Contract Window Cleaning-Supplies Real Property Taxes Personal Property Taxes CFD Area Taxes-A CFD Area Admin Fees Insurance Property Management Fees Legal Fees Maid Services Mailers & Postage Model Accessories Office Hospitality Outside Leasing Commissions Resident Referral Printed Materials-Newsletters Printed Media-Ads Promotional Materials Resident Functions Resident Relations Shopping Reports Stationery & Brochures Write-Off Turn Over Costs Metrics SARES-REGIS Group Multifamily Property Management Division Unaudited Trial Balance Date: 12/30/2011 Time: 12:19:17 PM Prepared By: Stephanie Tan Page 5 of 7 Month All Balance All Month P&L YTD Balance P&L Month Balance ITD Balance Sheet Accounts Accounts Accounts Accounts Sheet Accounts Accounts 000 3,39747 000 3,39747 000 000 12,82200 52,42200 12,82200 52,42200 000 000 000 71000 000 71000 000 000 1,67971 6,09872 1,67971 6,09872 000 000 5228 6,20245 5228 6,20245 000 000 34000 78218 34000 78218 000 000 81540 10,58120 81540 10,58120 000 000 1,94583 17,65534 1,94583 17,65534 000 000 36290 6,28129 36290 6,28129 000 000 25000 3,00767 25000 3,00767 000 000 000 38900 000 38900 000 000 4,30000 59,61600 4,30000 59,61600 000 000 000 12211 000 12211 000 000 000 58530 000 58530 000 000 000 57214 000 57214 000 000 21300 2,11400 21300 2,11400 000 000 000 3814 000 3814 000 000 72,96336 891,73145 72,96336 891,73145 000 000 000 11254 000 11254 000 000 37,99688 455,96316 37,99688 455,96316 000 000 000 12,76000 000 12,76000 000 000 12,58723 151,85973 12,58723 151,85973 000 000 26,28801 303,25565 26,28801 303,25565 000 000 2,91420 11,79545 2,91420 11,79545 000 000 000 7150 000 7150 000 000 000 42296 000 42296 000 000 000 20421 000 20421 000 000 19296 1,44989 19296 1,44989 000 000 2,49328 13,13058 2,49328 13,13058 000 000 000 1,80000 000 1,80000 000 000 17610 81890 17610 81890 000 000 2,58489 26,80294 2,58489 26,80294 000 000 000 71035 000 71035 000 000 000 7778 000 7778 000 000 1,78500 8,94072 1,78500 8,94072 000 000 000 82000 000 82000 000 000 18865 40728 18865 40728 000 000 (3133) 2,76717 (3133) 2,76717 000 000

Company: Holly Street LP, Month End Date: 12/31/2011 Account 5438613 5438614 5438615 5438617 5438618 5438620 5438624 5438628 5438630 5438636 5438640 5438644 5438648 5438656 5438660 5438668 5438672 5438699 5438710 5438711 5438720 5438730 5438858 5438860 5438901 5438905 5438909 5438911 5438917 5438919 5438923 5438925 5438927 5438933 5438935 5438939 5438945 5438947 Write-Off Legal Fees Write-Off Utilities Bad Debt Write Off - Rent Write Off-Term/Insur Notice Write Off-Other Bank Charges Cable Television Collection Agency Fee Bad Debt-Recovery Computer Service Fees Courier & Postage Credit Checks Dues & Subscriptions Licenses & Permits Mileage Reimbursement Office Equipment Rental Office Supplies Other Interest First Trust Deed Interest Second Trust Deed Letter of Credit Fees Bond Administration Fees Office Legal Appliances Balconies Building Lighting Cabinets/Closets Countertops Doors Drapery & Blinds Electrical Elevators & Escalators Fire Protection Floor Coverings HVAC Interior Building Interior Design Metrics SARES-REGIS Group Multifamily Property Management Division Unaudited Trial Balance Date: 12/30/2011 Time: 12:19:17 PM Prepared By: Stephanie Tan Page 6 of 7 Month All Balance All Month P&L YTD Balance P&L Month Balance ITD Balance Sheet Accounts Accounts Accounts Accounts Sheet Accounts Accounts 000 2,65870 000 2,65870 000 000 (12558) 8850 (12558) 8850 000 000 (1,75145) 18,64540 (1,75145) 18,64540 000 000 (3,86257) 20,32625 (3,86257) 20,32625 000 000 000 2,83358 000 2,83358 000 000 23665 7,33685 23665 7,33685 000 000 000 2,77560 000 2,77560 000 000 2,58248 5,06057 2,58248 5,06057 000 000 000 (2,02058) 000 (2,02058) 000 000 67637 8,78271 67637 8,78271 000 000 51310 2,76446 51310 2,76446 000 000 000 3,52960 000 3,52960 000 000 47000 5,82628 47000 5,82628 000 000 (43840) 31,48987 (43840) 31,48987 000 000 17716 88022 17716 88022 000 000 000 1,10819 000 1,10819 000 000 88074 5,72733 88074 5,72733 000 000 000 2,46589 000 2,46589 000 000 (5,82595) 66,52916 (5,82595) 66,52916 000 000 32,14167 385,70004 32,14167 385,70004 000 000 19,79150 240,79661 19,79150 240,79661 000 000 6,48028 78,80872 6,48028 78,80872 000 000 000 000 000 000 000 000 000 55,38427 000 55,38427 000 000 3,69316 51,34501 3,69316 51,34501 000 000 000 3,20000 000 3,20000 000 000 000 3,07534 000 3,07534 000 000 000 1,00448 000 1,00448 000 000 000 1,22500 000 1,22500 000 000 000 5,76349 000 5,76349 000 000 000 33101 000 33101 000 000 000 1,63500 000 1,63500 000 000 000 10,92000 000 10,92000 000 000 3,89965 7,23600 3,89965 7,23600 000 000 000 88,38979 000 88,38979 000 000 (48,79459) 15,95020 (48,79459) 15,95020 000 000 000 4,93158 000 4,93158 000 000 000 2,98400 000 2,98400 000 000

Company: Holly Street LP, Month End Date: 12/31/2011 Account 5438949 5438951 5438957 5438959 5438961 5438963 5438967 5438969 5438977 5438981 5438993 5438995 5439320 Total Keys & Locks Landscaping Office Equipment Painting-Exterior Painting-Interior Plumbing Pools & Fountains Privacy Gates Roof Signs & Flags Windows Miscellaneous Capital Improvmn Amortization Expense Metrics SARES-REGIS Group Multifamily Property Management Division Unaudited Trial Balance Date: 12/30/2011 Time: 12:19:17 PM Prepared By: Stephanie Tan Page 7 of 7 Month All Balance All Month P&L YTD Balance P&L Month Balance ITD Balance Sheet Accounts Accounts Accounts Accounts Sheet Accounts Accounts 000 2,16952 000 2,16952 000 000 000 14,52885 000 14,52885 000 000 000 6,29573 000 6,29573 000 000 3,62000 6,53475 3,62000 6,53475 000 000 000 7,76162 000 7,76162 000 000 000 13,38722 000 13,38722 000 000 000 2,81000 000 2,81000 000 000 000 10,77860 000 10,77860 000 000 000 10000 000 10000 000 000 000 63136 000 63136 000 000 000 37125 000 37125 000 000 000 42,42571 000 42,42571 000 000 4,98635 59,83026 4,98635 59,83026 000 000 000 000 (358,99938) (3,366,22494) 358,99938 3,366,22494

OneSite Rents v30 OneSite Reports - Holly Street Village Page 1 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 1-101 Plan B N/A 1-102 Plan B N/A 1-103 Plan B N/A 1-104 1x1bfb N/A 1-105 Plan C N/A 1-106 2x28fc N/A 1-107 Plan G N/A 1-108 Plan G N/A 1-109 Plan G N/A 1-110 Plan G N/A 1-111 Plan B N/A 1-112 Plan B N/A 1-113 Plan B N/A 1-114 1x18fb N/A 1-115 Plan C N/A 1-116 Plan G N/A 1-118 Plan G N/A 1-201 Plan B N/A 1-202 Plan B N/A 1-203 Plan B N/A 1-204 Plan B N/A 1-205 Plan C N/A 1-206 Plan C N/A 1-207 Plan G N/A 1-208 Plan G N/A 1-209 Plan G N/A 1-210 Plan G N/A 1-211 Plan B N/A 1-212 Plan G N/A 1-213 Plan B N/A 1-214 Plan G N/A * Indicates amounts not included in detail totals 667 667 667 667 963 963 673 673 673 673 667 667 667 667 963 673 673 667 667 667 667 963 963 673 673 673 673 667 673 667 673 Occupied Baraskar, Amitkumar 08/04/2011 08/04/2011 03/03/2012 1,94000 RENT 1,69300 000 1,69300 50000 000 Occupied Dickison, David 03/13/2010 02/14/2011 02/09/2012 1,80000 RENT 1,59800 000 1,59800 50000 000 Occupied Stanley, Marquee 07/07/2011 07/07/2011 02/06/2012 1,79000 RENT 1,52500 000 1,52500 50000 000 Occupied Manafi, Farideh 07/25/2009 07/25/2009 07/24/2010 53800 RENT 53800 000 53800 50000 (1000) Occupied Kattan, Denise 09/12/2010 09/24/2011 09/08/2012 1,91400 RENT 2,01800 000 2,01800 60000 000 Occupied Lareen, Naomi 09/26/2008 09/26/2008 09/25/2009 1,30300 RENT 1,29300 000 1,29300 60000 (6600) Occupied Capulong, Danilo 10/09/2010 10/05/2011 09/29/2012 2,01500 PETFEE 000 5000 1,74100 90000 000 RENT 1,69100 000 Occupied Oakwood Corporate 01/17/2011 01/17/2011 01/16/2012 1,98000 RENT 1,75800 000 1,75800 50000 (45751) Housing, * Occupied De Los Santos, 08/02/2011 08/02/2011 07/27/2012 1,98000 RENT 1,57800 000 1,57800 50000 000 Shauntelle Occupied Mejia, Victor 09/23/2011 09/23/2011 09/22/2012 1,87500 PARKING 000 10000 1,67500 2,02500 000 PETFEE 000 5000 RENT 1,52500 000 Occupied Ziegler, Robie 08/10/2011 08/10/2011 08/04/2012 1,79000 RENT 1,52500 000 1,52500 50000 (1,43754) Occupied Crile, Andrew 09/05/2010 03/12/2011 03/06/2012 1,81500 RENT 1,55300 000 1,55300 50000 000 Occupied Espadas, Michelle 09/30/2011 09/30/2011 10/01/2012 1,78000 RENT 1,52500 000 1,52500 50000 (085) Occupied Broughton, Lois 04/23/2002 04/23/2002 04/30/2003 1,04200 RENT 1,04200 000 1,04200 71000 000 Occupied-NTV Key Housing, * 04/28/2011 04/28/2011 07/27/2011 1,89400 RENT 2,34800 000 2,34800 1,10000 67411 12/30/2011 Occupied Richardson, Brett 09/16/2011 09/16/2011 06/15/2012 1,83000 RENT 1,53000 000 1,53000 50000 14837 Occupied Corlew, Mike 03/25/2011 09/15/2011 03/13/2012 1,84000 RENT 1,64100 000 1,64100 50000 000 Occupied Xue, Frances 02/09/2011 02/09/2011 02/04/2012 1,80000 RENT 1,54900 000 1,54900 50000 000 Occupied Natalio, Davin 07/09/2011 07/09/2011 07/03/2012 1,80000 RENT 1,52500 000 1,52500 1,52500 000 Occupied Abumostafa, Samar 09/26/2009 09/18/2011 09/12/2012 1,93000 RENT 1,70000 000 1,70000 50000 000 Occupied Miller, Lisa 10/22/2011 10/22/2011 10/16/2012 1,79000 PETFEE 000 5000 1,61100 1,00000 000 RENT 1,56100 000 Occupied Gamelin, Michael 05/12/2011 05/12/2011 04/29/2012 1,88900 RENT 1,83500 000 1,83500 60000 000 Occupied Yuan Zhong, Cui 06/14/2007 01/30/2011 01/10/2012 1,91400 RENT 2,34600 000 2,34600 2,40500 000 Occupied Komanapalli, Joyce 06/12/2008 06/04/2011 05/29/2012 1,87500 RENT 1,69300 000 1,69300 50000 000 Occupied McLaughlin, Dolores 09/12/2011 09/12/2011 09/11/2012 1,84000 RENT 1,52500 000 1,52500 1,52500 3599 Occupied Castillo, Israel 07/21/2004 07/30/2011 02/25/2012 1,84000 RENT 1,60100 000 1,60100 40000 000 Occupied Stoskopf, Debra 03/15/2008 06/01/2011 05/26/2012 1,98000 RENT 1,75000 000 1,75000 50000 000 Occupied Wright, William 09/05/2011 09/05/2011 03/10/2012 1,79000 RENT 1,52500 000 1,52500 50000 000 Occupied Velazco, Ramon 09/28/2010 10/12/2011 10/06/2012 1,81000 RENT 1,56900 000 1,56900 1,44900 15262 Occupied Wilson, Jonathan 07/30/2008 07/17/2011 01/06/2012 1,79000 RENT 1,80900 000 1,80900 50000 000 Occupied-NTV Elmer, Emily 02/13/2010 02/02/2011 01/28/2012 1,81000 PETFEE 000 3500 1,56600 000 000 12/20/2011

OneSite Rents v30 OneSite Reports - Holly Street Village Page 2 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 1-215 2x2bfc N/A 1-216 Plan G N/A 1-217 Plan B N/A 1-218 1x18fg N/A 1-219 Plan B N/A 1-301 Plan B N/A 1-302 Plan B N/A 1-303 Plan B N/A 1-304 Plan B N/A 1-305 2x28fc N/A 1-306 2x2bfc N/A 1-307 Plan A N/A 1-308 1x1bfa N/A 1-309 Plan A N/A 1-310 Plan A N/A 1-311 Plan B N/A 1-312 Plan A N/A 1-313 Plan B N/A 1-314 Plan A N/A 1-315 Plan C N/A 1-316 Plan A N/A 1-317 Loft B N/A 1-318 Plan A N/A 1-319 Loft B N/A 1-401 Loft B N/A 1-402 Loft B N/A 1-403 Loft B N/A 1-404 Loft B N/A 1-405 Loft C N/A 1-406 Loft C N/A 1-407 Plan A N/A 1-408 Plan A N/A 963 673 667 673 667 667 667 667 667 963 963 550 550 550 550 667 550 667 550 963 550 830 550 830 830 830 830 830 1099 1099 550 550 RENT 1,53100 000 Occupied Ramsey, Jeanette 05/21/1994 08/01/2004 08/31/2004 64100 RENT 64100 000 64100 60000 000 Occupied Toda, Kevin 11/15/2010 11/18/2011 11/12/2012 1,81000 RENT 1,52500 000 1,52500 50000 (53177) Occupied Sheikholeslami, 08/07/2011 08/07/2011 08/06/2012 1,83000 RENT 1,52500 000 1,52500 50000 000 Salar Occupied Pitassi, Clare 02/15/1996 09/01/2004 10/31/2004 1,04200 RENT 1,04200 000 1,04200 25200 000 Occupied Marriott Execustay, * 04/22/2011 04/22/2011 04/22/2012 1,83000 RENT 1,65100 000 1,65100 50000 (2523) Occupied Treu, Jacqueline 09/30/2011 09/30/2011 10/01/2012 1,81000 RENT 1,57600 000 1,57600 50000 000 Occupied Parikh, Ekta 08/29/2010 08/25/2011 08/19/2012 1,78000 RENT 1,54900 000 1,54900 50000 000 Occupied Liebl, Eric 01/21/2005 01/21/2005 01/31/2006 1,81000 RENT 2,05500 000 2,05500 40000 000 Occupied Ching, John 04/08/2011 04/08/2011 04/02/2012 1,79000 PARKING 000 10000 1,66800 50000 (15680) RENT 1,56800 000 Occupied Browne, Pamela 09/06/2003 09/06/2003 09/30/2004 1,30300 RENT 1,30300 000 1,30300 55000 000 Occupied Brown, Arlessie 09/17/1999 08/01/2004 08/31/2004 64100 RENT 64100 000 64100 55000 (23080) Occupied Bechtel, Jon 04/01/2009 03/29/2011 03/23/2012 1,70400 RENT 1,50700 000 1,50700 50000 000 Occupied Cook, Lory 02/08/2001 08/01/2004 08/31/2004 53800 RENT 53800 000 53800 50000 (400) Occupied Walia, Shalia 09/08/2008 09/04/2009 02/24/2010 1,68400 RENT 1,52700 000 1,52700 50000 000 Occupied Rutherford, Ryan 02/14/2009 02/06/2011 02/01/2012 1,70400 RENT 1,55300 000 1,55300 1,52300 000 Occupied Blake, Kelli 07/23/2011 07/23/2011 04/18/2012 1,81000 RENT 1,53100 000 1,53100 50000 (1,56600) Occupied-NTV Chae, Wonha 08/20/2010 08/16/2011 01/13/2012 1,70400 RENT 1,66700 000 1,66700 50000 000 01/13/2012 Occupied Kamble, Sfurti 02/21/2010 06/07/2011 03/03/2012 1,78000 RENT 1,62500 000 1,62500 50000 000 Occupied Mak, Hester 09/07/2010 09/10/2011 07/06/2012 1,68400 RENT 1,54300 000 1,54300 50000 000 Occupied Oakwood Corporate 01/15/2009 01/07/2011 01/02/2012 1,91400 RENT 2,19100 000 2,19100 60000 (5084) Housing, * Occupied Alexander, Paula 03/03/2010 02/27/2011 02/22/2012 1,68400 RENT 1,49600 000 1,49600 50000 000 Occupied Boyer, Calvin 02/15/2007 02/11/2011 02/06/2012 1,81800 RENT 2,25200 000 2,25200 50000 (92333) Occupied Estrada, Wendy 08/28/2010 10/01/2011 09/25/2012 1,70400 RENT 1,45000 000 1,45000 1,33700 000 Occupied Ogden, Jason 01/30/2011 01/30/2011 02/01/2012 1,86300 RENT 1,79000 000 1,79000 50000 000 Occupied Smith, Krista 07/01/2011 07/01/2011 06/25/2012 1,81300 RENT 1,92500 000 1,92500 50000 000 Occupied Cahill, Michael 08/30/2011 08/30/2011 02/26/2012 1,97800 PARKING 000 10000 1,95900 50000 000 RENT 1,85900 000 Occupied Lee, Stephen 05/15/2010 05/15/2011 05/09/2012 1,95300 RENT 1,86400 000 1,86400 50000 (6428) Occupied Lu, Chungung 02/01/2010 02/02/2011 01/28/2012 1,81300 RENT 1,85900 000 1,85900 50000 000 Occupied Wiggins, Stephanie 04/18/2009 04/10/2011 04/04/2012 2,47300 RENT 2,42000 000 2,42000 60000 000 Occupied Dominguez, Henry 01/15/2011 01/15/2011 01/10/2012 2,47300 RENT 2,45500 000 2,45500 60000 000 Occupied Baenen, Annie 06/08/2011 06/08/2011 06/02/2012 1,65400 RENT 1,58300 000 1,58300 50000 000 Occupied Rasul, Shahla 08/10/2011 08/10/2011 08/04/2012 1,65400 RENT 1,47900 000 1,47900 50000 000 * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 3 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 1-409 Plan A N/A 1-410 Plan A N/A 1-411 Loft B N/A 1-412 Plan A N/A 1-413 Loft B N/A 1-414 Plan A N/A 1-415 Loft C N/A 1-416 1x18fa N/A 1-418 Plan A N/A 2-101 2x2bfd N/A 2-102 Plan C N/A 2-103 Plan B N/A 2-104 Plan C N/A 2-105 1x1bfb N/A 2-106 Plan C N/A N/A 2-107 Plan B N/A 2-108 Plan C N/A 2-201 Plan D N/A 2-202 Plan C N/A 2-203 Loft B N/A 2-204 Plan C N/A 2-205 Loft B N/A 2-206 Plan C N/A 2-207 1x18fb N/A 2-208 2x28fc N/A 2-301 Plan D N/A 2-302 Plan C N/A 2-304 Plan C N/A 2-306 2x2bfc N/A 2-307 Plan B N/A * Indicates amounts not included in detail totals 550 550 830 550 830 550 1099 550 550 1020 963 667 963 667 963 667 963 1020 963 830 963 830 963 667 963 1020 963 963 963 667 Occupied Zasa, Robert Joseph 11/30/2011 11/30/2011 06/29/2012 1,65400 RENT 1,76900 000 1,76900 50000 17690 Occupied Yu, Jimi 04/02/2010 03/29/2011 03/23/2012 1,65400 PARKING 000 7500 1,60200 80000 000 PETFEE 000 3500 RENT 1,49200 000 Occupied Wagar, Bruce 08/01/2008 07/13/2011 07/07/2012 1,83800 PETFEE 000 7000 1,98000 80000 000 RENT 1,91000 000 Occupied Son, Miyoung 05/01/2009 07/02/2011 12/29/2011 1,79400 RENT 1,74400 000 1,74400 1,60000 000 Occupied Tosaya, Dinah 02/28/2009 05/25/2011 05/19/2012 1,79300 RENT 1,86500 000 1,86500 50000 000 Occupied Schiller, Noelle 02/19/2011 02/19/2011 02/18/2012 1,61900 RENT 1,45000 000 1,45000 1,45000 000 Occupied Cantagallo, Gina 12/15/2011 12/15/2011 12/09/2012 2,31300 RENT 2,13500 000 2,13500 60000 (12519) Occupied Monty, Antoinette 01/31/2011 01/31/2011 01/30/2012 1,04200 RENT 1,04200 000 1,04200 50000 (16314) Occupied Ge, Ling 08/25/2011 08/25/2011 08/19/2012 1,67400 RENT 1,50800 000 1,50800 1,50800 000 Occupied Plaid, Cheyvee 08/30/2009 08/30/2009 08/29/2010 64100 RENT 64100 000 64100 1,23000 020 Occupied Suite, Hospitality 12/07/2011 12/07/2011 12/01/2012 1,88900 BUNG 000 (1,89900) 000 000 000 Guest RENT 1,89900 000 Occupied Xula, Sergio 07/01/2010 07/01/2010 06/30/2011 1,94000 RENT 1,72400 000 1,72400 50000 000 Vacant VACANT 2,05400 000 * 000 * Occupied Rodriguez, Gabriel 11/06/2010 11/06/2010 11/05/2011 53800 RENT 53800 000 53800 1,03800 000 Vacant-Leased VACANT 1,91400 000 * 000 * Applicant Almond, Whitney 12/21/2011 12/21/2011 07/18/2012 RENT 1,86500 * 000 * 1,86500 * 000 3500 Occupied Yi, Evan 07/23/2010 08/18/2011 08/12/2012 1,92000 RENT 1,59000 000 1,59000 50000 (28191) Occupied Vashi, Ashish 04/03/2009 11/23/2009 11/11/2010 1,99900 RENT 2,31500 000 2,31500 60000 000 Occupied Pitic, Aldin 10/29/2011 10/29/2011 10/28/2012 2,10600 RENT 2,11300 000 2,11300 60000 000 Occupied Jeon, Sang 12/24/2010 12/24/2010 12/23/2011 1,83400 RENT 1,96000 000 1,96000 60000 000 Occupied Haines, Mark 11/08/2008 01/28/2011 01/23/2012 1,95300 RENT 2,18000 000 2,18000 50000 000 Occupied Crookshanks, Clark 10/11/2011 10/11/2011 09/28/2012 1,91400 RENT 1,98100 000 1,98100 60000 000 Occupied Jukes, Stephanie 12/19/2011 12/19/2011 12/18/2012 1,95300 RENT 1,90000 000 1,90000 000 79677 Occupied French, Ashley 07/23/2011 07/23/2011 07/17/2012 1,91400 PETFEE 000 5000 2,12000 1,10000 000 RENT 2,07000 000 Occupied Youngblood, Betty 09/01/1994 09/01/1994 08/31/1997 1,04200 RENT 1,03700 000 1,03700 17100 (29870) Occupied Senkandwa, Harriet 07/28/2007 07/28/2007 07/31/2008 1,30300 RENT 1,30300 000 1,30300 1,26900 (35773) Occupied Patel, Rajen 01/14/2001 02/01/2004 07/31/2004 2,15600 RENT 2,87800 000 2,87800 90000 000 Occupied Reynolds, Laura 06/10/2011 06/10/2011 05/28/2012 1,93900 RENT 1,90600 000 1,90600 60000 000 Occupied Hafen, Landon 09/07/2011 09/07/2011 09/01/2012 2,16900 RENT 2,18800 000 2,18800 60000 7936 Occupied Martinez, Christy 06/11/2011 06/11/2011 06/10/2012 64100 RENT 64100 000 64100 1,24100 2510 Occupied-NTV Phadtare, Parag 08/23/2011 08/23/2011 12/21/2011 1,79000 RENT 1,59000 000 1,59000 50000 (5400) 12/21/2011

OneSite Rents v30 OneSite Reports - Holly Street Village Page 4 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 2-308 Plan C N/A 2-401 2x2bld N/A 2-402 Loft C N/A 2-404 Loft C N/A 2-406 Loft C N/A 2-407 Loft B N/A 2-408 Loft C N/A 3-101 2x28fc N/A 3-102 Plan D N/A 3-103 2x2bfc N/A 3-104 1x1bfb N/A 3-105 Plan C N/A 3-106 Plan B N/A 3-107 2x2bfc N/A 3-108 Plan B N/A 3-201 Plan C N/A 3-202 Plan D N/A 3-203 2x2bfc N/A 3-204 Loft B N/A 3-205 Plan C N/A 3-206 Loft B N/A 3-207 Plan C N/A 3-208 1x18fb N/A 3-301 Plan C N/A 3-302 Plan D N/A 3-303 Plan C N/A 3-305 Plan C N/A 3-307 2x28fc N/A 3-308 Plan B N/A * Indicates amounts not included in detail totals 963 1164 1099 1099 1099 830 1099 963 1020 963 667 963 667 963 667 963 1020 963 830 963 830 963 667 963 1020 963 963 963 667 Occupied O`Laughlin, Erin 09/16/2011 09/16/2011 09/10/2012 1,88900 RENT 1,92800 000 1,92800 60000 000 Occupied Pickens, LaDonne 04/16/2011 04/16/2011 04/10/2012 64100 RENT 64100 000 64100 60000 (3336) Occupied Goodchild, David 02/06/2010 01/06/2011 01/01/2012 2,50300 PETFEE 000 3500 2,36700 90000 000 RENT 2,33200 000 Occupied Zacny, Kris 07/03/2010 07/03/2011 06/27/2012 2,52800 RENT 2,31300 000 2,31300 60000 000 Occupied Johnson, Charles 09/16/2011 09/16/2011 09/10/2012 2,38800 RENT 2,35800 000 2,35800 60000 000 Occupied Meverden, Ashley 10/13/2011 10/13/2011 10/07/2012 1,95300 PARKING 000 10000 2,02700 50000 000 RENT 1,92700 000 Occupied Dinh, Tinny 07/13/2010 07/13/2011 07/07/2012 2,33300 PARKING 000 10000 2,31400 60000 000 RENT 2,21400 000 Occupied Ware, Elisa 12/01/1994 12/01/1994 11/30/1997 1,30300 RENT 1,29300 000 1,29300 28900 12655 Occupied Scott, Angela 10/19/2010 10/19/2010 10/14/2011 2,13100 RENT 2,33400 000 2,33400 60000 000 Occupied Rios, Jose 07/18/2001 08/01/2004 08/31/2004 64100 RENT 64100 000 73600 55000 200 STORAGE 000 9500 Occupied Hargrove, Charlene 04/24/2010 04/24/2010 04/23/2011 53800 PETFEE 000 5000 68300 1,32900 000 RENT 53800 000 STORAGE 000 9500 Occupied Kang, Youn Sik 09/17/2009 09/13/2011 09/07/2012 1,83400 RENT 1,99400 000 1,99400 60000 000 Vacant VACANT 1,79000 000 * 000 * Occupied Crockom, Latonia 07/12/2009 07/12/2009 07/11/2010 64100 RENT 64100 000 64100 1,23000 000 Occupied Xu, Lin 10/21/2011 10/21/2011 10/08/2012 1,76000 RENT 1,57000 000 1,57000 1,57000 000 Occupied Dobbert, Christopher 11/19/2011 11/19/2011 11/13/2012 1,85900 RENT 1,83500 000 1,83500 60000 000 Occupied Cabral, Guillermo 05/21/1999 01/01/2011 12/31/2011 2,05600 EMPLCRED 000 (2,23400) 000 000 000 RENT 2,23400 000 Occupied Samsami, Hedayat 10/27/2005 10/27/2005 10/31/2006 64100 RENT 64100 000 64100 50000 (17000) Occupied Hernandez, Adrian 11/25/2011 11/25/2011 11/19/2012 1,78800 RENT 1,73800 000 1,73800 1,73800 (10000) Vacant VACANT 1,99900 000 * 000 * Occupied Gailen, Carol 08/11/2010 08/07/2011 08/01/2012 1,78800 RENT 1,71900 000 1,71900 50000 000 Occupied Wiener, Daniel 09/01/2011 09/01/2011 08/19/2012 1,85900 RENT 1,91400 000 1,91400 60000 000 Occupied Allen, Robert 12/01/1994 12/01/1994 11/30/1995 1,04200 RENT 1,03700 000 1,03700 33400 000 Occupied Comstock, Leslie 01/29/2010 08/15/2010 07/24/2011 1,85900 RENT 2,16600 000 2,16600 60000 000 Occupied Gillett, Paul 03/19/2005 06/25/2011 06/12/2012 2,10600 RENT 2,37500 000 2,37500 50000 000 Occupied Farkas, Michael 09/13/2011 09/13/2011 09/07/2012 1,83400 RENT 1,96400 000 1,96400 60000 000 Occupied Purves, Josh 06/15/2009 06/07/2011 05/25/2012 1,85900 PETFEE 000 7000 1,98400 90000 000 RENT 1,91400 000 Occupied Jenkins, William 07/22/2005 07/22/2005 07/31/2006 1,30300 RENT 1,30300 000 1,30300 50000 000 Occupied Gichuhi, Grace 01/29/2011 01/29/2011 01/17/2012 1,78000 RENT 1,50900 000 1,50900 50000 (095)

OneSite Rents v30 OneSite Reports - Holly Street Village Page 5 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 3-401 Loft C N/A 3-402 Loft D N/A 3-403 2x28lc N/A 3-405 Loft C N/A 3-407 Loft C N/A 3-408 Loft B N/A 4-101 1x1bfb N/A 4-102 2x2bfc N/A 4-103 1x1bfb N/A 4-104 Plan B N/A 4-105 1x18fb N/A 4-106 Plan G N/A 4-107 Plan B N/A 4-108 Plan B N/A 4-109 Plan B N/A 4-110 Plan C N/A 4-111 2x2bfc N/A 4-112 Plan C N/A 4-113 2x28fc N/A 4-114 2x2bfc N/A 4-115 Plan B N/A 4-116 Plan D N/A 4-117 Plan D N/A 4-201 Plan B N/A 4-202 Plan C N/A 4-203 Plan B N/A 4-204 Plan B N/A N/A 4-205 Plan B N/A 1099 1164 1099 1099 1099 830 667 963 667 667 667 673 667 667 667 963 963 963 963 963 667 1020 1020 667 963 667 667 667 Occupied Strametz, Laura 09/05/2008 09/01/2011 08/31/2012 2,43800 RENT 2,32300 000 2,32300 60000 000 Occupied Hess, Robert 09/26/2008 09/22/2010 09/17/2011 2,68100 RENT 3,39700 000 3,39700 60000 000 Occupied Luke, Janett 02/01/2005 02/01/2005 01/31/2006 1,30300 RENT 1,29300 000 1,29300 50000 (4450) Occupied Han, Younsik 02/27/2011 02/27/2011 01/30/2012 2,31800 RENT 2,16500 000 2,16500 60000 000 Occupied Vana, Allison 06/20/2008 06/14/2011 06/08/2012 2,30800 RENT 2,38200 000 2,38200 60000 000 Occupied Schwartz, Jennifer 02/18/2006 09/18/2011 09/03/2012 1,76800 RENT 2,02500 000 2,08500 40000 000 STORAGE 000 6000 Occupied Thomas, Monique 12/29/2009 12/29/2009 12/28/2010 53800 RENT 53800 000 53800 50000 136 Occupied Burrows, Keith 03/12/2000 08/01/2004 01/31/2005 64100 RENT 64100 000 64100 60000 000 Occupied Dandino, Elizabeth 06/24/2006 06/24/2006 06/30/2007 53800 RENT 53800 000 53800 50000 000 Occupied De Silva, Ravi 04/15/2010 05/05/2011 04/29/2012 1,78000 PETFEE 000 3500 1,60400 1,95800 000 RENT 1,56900 000 Occupied Daryaie, Shahindokh 06/27/2003 09/01/2004 10/31/2004 1,04200 RENT 1,04200 000 1,04200 50000 (600) Occupied Lee, Aaron 08/01/2011 08/01/2011 07/26/2012 1,84000 RENT 1,54200 000 1,54200 50000 000 Occupied Cunningham, 05/30/2009 05/26/2011 05/20/2012 1,82000 PETFEE 000 3500 1,64000 80000 000 Melissa RENT 1,60500 000 Occupied Heath, Brandon 09/16/2011 09/16/2011 09/17/2012 1,81000 PETFEE 000 5000 1,60500 1,00000 000 RENT 1,55500 000 Occupied Menezes, Gustavo 03/20/2009 09/13/2011 09/07/2012 1,81000 RENT 1,56500 000 1,56500 50000 000 Occupied Estillore, Arthur 08/18/2007 08/06/2011 02/02/2012 1,96400 PARKING 000 7500 2,52300 60000 000 RENT 2,44800 000 Occupied Bradford, Eddie 04/29/2001 08/01/2004 08/31/2004 64100 RENT 64100 000 71600 50000 000 STORAGE 000 7500 Occupied Austin, Talea 11/10/2010 11/06/2011 10/31/2012 1,85400 PETFEE 000 5000 2,14800 1,10000 000 RENT 2,09800 000 Occupied Sanchez, Blanca 11/21/2007 11/21/2007 11/22/2008 1,30300 RENT 1,29300 000 1,29300 90200 (50825) Occupied Richardson, Victoria 08/15/2007 08/15/2007 08/19/2008 64100 RENT 64100 000 64100 1,16400 000 Occupied Blount, David 07/07/2011 07/07/2011 07/01/2012 1,78500 RENT 1,52500 000 1,52500 50000 000 Occupied Bye, Larry 04/18/2009 09/27/2011 08/22/2012 2,11600 RENT 2,07700 000 2,07700 60000 000 Occupied Coulter, Patricia 07/15/2011 07/15/2011 07/09/2012 2,27100 RENT 2,23200 000 2,23200 60000 000 Occupied Marquardt, Joel 12/01/2008 11/17/2011 11/11/2012 1,80000 RENT 1,75100 000 1,75100 50000 000 Occupied Reese, Magda 03/31/2011 03/31/2011 03/30/2012 2,05400 RENT 1,83500 000 1,83500 60000 000 Occupied Cox, Corey 07/16/2011 07/16/2011 07/17/2012 1,79000 RENT 1,52500 000 1,52500 1,52500 (3483) Occupied Marriott Execustay, * 05/02/2011 05/02/2011 12/21/2011 1,79000 RENT 1,66100 000 1,66100 50000 11421 Pending renewal Marriott Execustay, * 05/02/2011 12/22/2011 06/19/2012 RENT 1,71600 * 000 * 1,71600 * 000 000 Occupied Gonzalez, Juan 10/17/2011 10/17/2011 10/04/2012 1,76000 RENT 1,52900 000 1,52900 1,52900 (038) * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 6 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 4-206 Plan G N/A 4-207 Plan B N/A 4-208 Plan B N/A 4-209 Plan B N/A 4-210 2x28fc N/A 4-211 Plan C N/A 4-212 2x2bfc N/A 4-213 Plan C N/A 4-214 2x28fc N/A 4-215 1x18fb N/A 4-216 2x2bfd N/A 4-217 Plan D N/A 4-301 Plan B N/A 4-302 2x28fc N/A 4-303 Plan B N/A 4-304 1x1bfb N/A 4-305 Plan B N/A 4-306 1x18fb N/A 4-307 Plan B N/A 4-308 Plan B N/A 4-309 Plan B N/A 4-310 Plan C N/A 4-311 Plan C N/A 4-312 2x2bfc N/A 4-313 2x2bfc N/A 673 667 667 667 963 963 963 963 963 667 1020 1020 667 963 667 667 667 667 667 667 667 963 963 963 963 Occupied Fitzgerald, Katherine 08/07/2011 08/07/2011 07/26/2012 1,89500 PETFEE 000 5000 1,57500 1,00000 000 Anne RENT 1,52500 000 Occupied Simonsen, Austen 10/22/2011 10/22/2011 10/21/2012 1,78000 RENT 1,52500 000 1,52500 1,52500 5161 Occupied Oakwood Corporate 12/15/2011 12/15/2011 03/14/2012 1,81000 RENT 1,91200 000 1,91200 50000 000 Housing, * Occupied Salehi, Masoud 08/29/2011 08/29/2011 02/18/2012 1,95000 RENT 1,65600 000 1,65600 50000 000 Occupied Knox, Barsha 08/30/2011 08/30/2011 08/29/2012 1,30300 RENT 1,30300 000 1,30300 87300 (34394) Vacant VACANT 2,02900 000 * 000 * Occupied Morgan, Shaunda 02/05/2011 02/05/2011 02/04/2012 64100 RENT 64100 000 64100 60000 (675) Occupied Garcia, Bridget 09/20/2010 09/23/2011 03/21/2012 2,05400 RENT 2,01800 000 2,11300 1,00000 000 STORAGE 000 9500 Vacant VACANT 1,30300 000 * 000 * Occupied Guy, Lillian 07/05/2008 07/05/2008 07/04/2009 1,04200 RENT 1,04200 000 1,13700 50000 000 STORAGE 000 9500 Occupied Bentley, Marjorie 09/22/1996 08/01/2004 08/31/2004 64100 PETFEE 000 3500 67600 55000 (44200) RENT 64100 000 Occupied Sedmak, Nicole 06/21/2011 06/21/2011 06/20/2012 2,24600 RENT 2,08600 000 2,13100 1,10000 000 STORAGE 000 4500 Occupied Delevi, Rakel 05/31/2009 05/23/2011 05/17/2012 1,80000 RENT 1,52000 000 1,52000 50000 000 Occupied Ford, Barbara 06/01/2010 06/01/2010 05/31/2011 1,30300 RENT 1,30300 000 1,36800 27100 (17517) STORAGE 000 6500 Occupied Tuble, Sigrid 09/12/2011 09/12/2011 08/30/2012 1,79000 RENT 1,53500 000 1,53500 1,53500 000 Occupied Large, Adrienne 08/03/2011 08/03/2011 08/02/2012 53800 RENT 53800 000 53800 1,03800 (4091) Occupied Young, Brian 08/21/2010 08/17/2011 08/11/2012 1,76000 RENT 1,59300 000 1,59300 50000 000 Occupied Firoozy, Molouk 08/01/1994 09/01/2004 10/31/2004 1,04200 RENT 1,04200 000 1,04200 22100 (200) Occupied Simmons, Jonathan 10/01/2010 10/04/2011 09/28/2012 1,79000 RENT 1,53400 000 1,53400 50000 000 Occupied Regency Corporate 11/11/2011 11/11/2011 11/10/2012 1,94000 RENT 1,73300 000 1,73300 50000 1387 Living, * Vacant VACANT 1,94000 000 * 000 * Occupied Guerrero, Mellissa 03/15/2010 03/09/2011 03/03/2012 2,05400 PETFEE 000 5000 2,20800 90000 (13711) RENT 2,06300 000 STORAGE 000 9500 Occupied Zhang, Erin 02/19/2011 02/19/2011 02/18/2012 1,93900 PETFEE 000 5000 2,15300 1,10000 000 RENT 2,10300 000 Occupied Goudeau, Julia 11/29/2003 11/29/2003 11/30/2004 64100 RENT 64100 000 73600 1,02300 (6606) STORAGE 000 9500 Occupied Diaz, Lenor 07/18/2009 07/18/2009 07/17/2010 64100 RENT 64100 000 64100 60000 000 * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 7 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 4-314 Plan C N/A 4-315 Plan B N/A 4-316 Plan D N/A 4-317 Plan D N/A 4-401 Loft B N/A 4-402 Loft C N/A 4-403 1x18lb N/A 4-404 Loft B N/A 4-405 Loft B N/A 4-406 Loft G N/A 4-407 Loft B N/A 4-408 Loft B N/A 4-409 Loft B N/A 4-410 Loft C N/A 4-411 Loft C N/A 4-412 Loft C N/A 4-413 2x2blc N/A 4-414 Loft C N/A 4-415 Loft B N/A 4-416 Loft D N/A 4-417 Loft D N/A 5-101 Plan H N/A 5-102 Plan H N/A 5-103 2x28fc N/A 5-104 Plan B N/A 5-105 Plan C N/A 5-106 1x1bfb N/A * Indicates amounts not included in detail totals 963 667 1020 1020 830 1099 830 830 830 836 830 830 830 1099 1099 1099 1099 1099 830 1164 1164 1020 1020 963 667 963 667 Occupied Stewart, Gloria 08/26/2010 08/15/2011 08/09/2012 1,93900 PETFEE 000 5000 1,98300 1,10000 000 RENT 1,93300 000 Occupied Donnell, Brian 01/16/2010 07/12/2011 04/07/2012 1,76000 RENT 1,51000 000 1,51000 50000 000 Occupied Vora, Shruti 07/18/2011 07/18/2011 07/18/2012 2,09600 RENT 2,03000 000 2,03000 60000 (3500) Occupied Wakatsuki, Takeru 05/13/2011 05/13/2011 05/12/2012 2,10600 RENT 1,89900 000 1,89900 1,89900 000 Occupied Jackson, Nathanael 12/04/2010 11/30/2011 05/28/2012 1,83800 RENT 1,84900 000 1,84900 50000 000 Occupied Hamilton, Ashley 11/07/2011 11/07/2011 11/01/2012 2,35300 RENT 2,13800 000 2,13800 2,13800 000 Occupied Towns, Jeneal 09/01/2010 09/01/2010 08/31/2011 1,04200 RENT 1,03700 000 1,03700 28500 (300) Occupied Birnbaum, Ben 02/13/2011 02/13/2011 02/08/2012 1,81300 RENT 1,67500 000 1,67500 50000 000 Occupied Moravcik, Eva 10/01/2011 10/01/2011 09/25/2012 1,89300 RENT 1,75200 000 1,75200 50000 000 Occupied Fischer, Tara 07/27/2011 07/27/2011 07/21/2012 1,93800 RENT 1,75800 000 1,75800 50000 000 Occupied Carlson, Stephanie 06/01/2011 06/01/2011 11/21/2011 1,75300 PETFEE 000 3500 2,20800 1,00000 (3126) RENT 2,17300 000 Occupied Lemoi, Alpherie 10/23/2011 10/23/2011 10/17/2012 1,81300 PETFEE 000 5000 1,73500 1,00000 000 RENT 1,68500 000 Occupied Donsbach, Paul 09/03/2011 09/03/2011 08/28/2012 1,95300 PETFEE 000 7000 2,04700 1,00000 000 RENT 1,86200 000 STORAGE 000 11500 Occupied Hamilton, Dawn 08/06/2011 08/06/2011 08/05/2012 2,33300 RENT 2,13700 000 2,13700 1,10000 000 Occupied Dayabhai-Jairambhai 01/21/2011 01/21/2011 01/20/2012 2,36300 RENT 2,45500 000 2,45500 60000 000, Punam Occupied Winans, Kelly 08/01/2010 07/21/2011 07/15/2012 2,36300 PETFEE 000 3500 2,22600 90000 000 RENT 2,19100 000 Occupied Thompson, Sharon 07/12/2003 08/01/2004 08/31/2004 64100 RENT 64100 000 64100 50000 (065) Occupied Forteza, Evelyn 11/26/2011 11/26/2011 11/25/2012 2,50300 RENT 2,18500 000 2,18500 2,18500 000 Occupied Mesmer, Ethan 11/18/2004 12/24/2010 12/19/2011 1,83800 RENT 2,69700 000 2,69700 40000 11471 Occupied Castillo, Edilzar 04/22/2011 04/22/2011 04/21/2012 2,73100 PARKING 000 10000 2,45800 60000 10000 RENT 2,35800 000 Occupied Nakayama, Satoshi 07/24/2010 07/20/2011 07/14/2012 2,71100 RENT 2,47800 000 2,47800 60000 000 Occupied Mac Dougall, Derek 05/29/2010 10/20/2011 10/14/2012 2,18100 RENT 2,19500 000 2,19500 60000 000 Occupied Gris, Angela 11/04/2011 11/04/2011 11/03/2012 2,18100 RENT 2,05900 000 2,05900 2,05900 000 Occupied Offutt, Tressa 08/30/2011 08/30/2011 08/29/2012 1,30300 RENT 1,30300 000 1,30300 60000 (18294) Occupied Van Der Touw, 03/29/2010 11/14/2011 05/12/2012 1,79000 RENT 1,70000 000 1,70000 50000 (44337) Renee Occupied-NTV Cerny, Lindsey 07/25/2011 07/25/2011 01/21/2012 1,88900 PETFEE 000 5000 2,15000 1,10000 (001) 01/21/2012 RENT 2,10000 000 Occupied Zillgitt, Margaret 09/01/2005 09/01/2005 08/31/2006 53800 RENT 53800 000 58300 40000 000 (Stephanie)

OneSite Rents v30 OneSite Reports - Holly Street Village Page 8 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 5-107 Plan C N/A 5-108 2x28fc N/A 5-201 Plan H N/A 5-202 2x2bfh N/A 5-203 Plan C N/A 5-204 1x18fb N/A 5-205 Plan C N/A 5-206 Plan B N/A 5-207 Plan C N/A 5-208 Plan C N/A 5-301 Plan H N/A 5-302 Plan H N/A 5-303 Plan C N/A 5-304 Plan B N/A 5-305 Plan C N/A 5-306 Plan B N/A N/A 5-307 2x28fc N/A 5-308 Plan C N/A 5-401 Plan H N/A 5-402 Loft H N/A 5-403 Loft C N/A 5-404 Loft B N/A 5-405 Loft C N/A 963 963 1020 1020 963 667 963 667 963 963 1020 1020 963 667 963 667 963 963 1020 1164 1099 830 1099 STORAGE 000 4500 Occupied Riesen, Anne-Jose 05/25/2004 10/20/2011 10/14/2012 1,88900 RENT 2,20000 000 2,20000 50000 000 Occupied Haber, Mark 08/23/2005 08/23/2005 08/31/2006 1,30300 RENT 1,30300 000 1,30300 79600 (26500) Occupied Graves, Jason 12/01/2009 11/27/2011 11/21/2012 2,29600 PETFEE 000 3500 2,15100 1,40000 (003) RENT 2,11600 000 Occupied Ward, Saraan 10/26/2006 10/26/2006 10/31/2007 64100 RENT 64100 000 64100 60000 (100) Occupied PC Housing, * 06/15/2011 06/15/2011 06/14/2012 1,91400 RENT 2,04500 000 2,04500 60000 37674 Occupied Kamali, Roza 08/07/2010 08/07/2010 07/31/2011 1,04200 RENT 1,04200 000 1,04200 50000 (001) Vacant VACANT 2,05400 000 * 000 * Occupied Jones, Robert 01/10/2010 10/05/2011 06/24/2012 1,94000 RENT 1,70000 000 1,79500 50000 000 STORAGE 000 9500 Occupied Eiler, Janis 06/06/2009 06/06/2011 05/24/2012 1,91400 PETFEE 000 3500 1,98500 90000 21000 RENT 1,95000 000 Occupied Havel, Timothy 06/07/2011 06/07/2011 06/06/2012 2,02900 RENT 1,84500 000 1,84500 60000 000 Occupied Fagundes, David 11/29/2009 11/25/2011 05/23/2012 2,17600 RENT 1,97300 000 1,97300 60000 (29717) Occupied Ortiz, Maria 05/21/2010 05/17/2011 05/11/2012 2,17600 RENT 2,06800 000 2,11800 1,10000 000 STORAGE 000 5000 Occupied Country, Cross 12/10/2011 12/10/2011 03/09/2012 1,91400 RENT 2,15400 000 2,15400 60000 000 Occupied Ehrlich, Anne 06/24/2005 06/19/2011 06/13/2012 1,81000 PETFEE 000 3500 1,92400 65000 000 RENT 1,88900 000 Occupied Latip, Jessica 02/12/2011 08/28/2011 08/22/2012 1,91400 RENT 1,96300 000 1,96300 60000 000 Occupied Hoshino, Takuya 07/19/2010 07/15/2011 01/04/2012 1,81000 PARKING 000 7500 1,66000 1,44900 000 RENT 1,58500 000 Pending renewal Hoshino, Takuya 07/19/2010 01/05/2012 07/10/2012 PARKING 000 * 7500 * 1,81800 * 000 000 RENT 1,74300 * 000 * Occupied Ramos, Mario 07/31/2009 07/31/2009 07/30/2010 1,30300 RENT 1,30300 000 1,30300 60000 400 Occupied Koike, Shinya 06/28/2010 06/28/2011 06/22/2012 2,16900 RENT 2,14400 000 2,14400 2,06500 000 Occupied Bilovsky, Paula 05/01/2011 05/01/2011 04/25/2012 2,17600 RENT 1,99700 000 2,04200 60000 000 STORAGE 000 4500 Occupied CSDS AIRCRAFT 03/11/2011 03/11/2011 03/10/2012 2,89600 PETFEE 000 5000 2,35000 60000 12734 SALES LEASING I, Ben RENT 2,30000 000 Occupied Spragg, Melissa 05/25/2011 05/25/2011 05/19/2012 2,36300 PETFEE 000 5000 2,15000 1,10000 2685 RENT 2,10000 000 Occupied Hughes, Jeremy 11/12/2011 11/12/2011 10/30/2012 1,81800 RENT 1,70800 000 1,70800 50000 000 Occupied Liwanag, Allen 07/31/2011 07/31/2011 07/25/2012 2,36300 RENT 2,13500 000 2,13500 60000 000 * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 9 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 5-406 Loft B N/A 5-407 2x2blc N/A 5-408 Loft C N/A 6-101 2x28fh N/A 6-102 Plan H N/A 6-103 1x18fb N/A 6-104 Plan C N/A 6-105 1x1bfb N/A 6-106 Plan C N/A 6-107 Plan C N/A 6-108 2x2bfc N/A N/A 6-201 Plan H N/A 6-202 Plan H N/A 6-203 Plan B N/A 6-204 Plan C N/A 6-205 1x18fb N/A 6-206 Plan C N/A 6-207 Plan C N/A 6-208 Plan C N/A 6-301 Plan H N/A 6-302 2x28fh N/A 6-303 Plan B N/A 6-304 2x2bfc N/A 6-305 Plan B N/A 6-306 Plan C N/A 6-307 Plan C N/A 6-308 Plan C N/A 6-401 Loft H N/A 6-402 Plan H N/A * Indicates amounts not included in detail totals 830 1099 1099 1020 1020 667 963 667 963 963 963 1020 1020 667 963 667 963 963 963 1020 1020 667 963 667 963 963 963 1164 1020 Occupied Dubois, Tammy 09/18/2010 09/14/2011 09/08/2012 1,83800 PARKING 000 7500 1,98500 50000 000 RENT 1,91000 000 Occupied Loo, Paul 09/15/2003 09/15/2003 09/30/2004 64100 RENT 64100 000 64100 50000 (64100) Occupied SCI LIVE INC, * 12/08/2011 12/08/2011 02/29/2012 2,55300 PETFEE 000 5000 2,80300 60000 (33000) RENT 2,75300 000 Occupied Kearney, Ellyn P 10/30/1994 10/30/1994 09/30/1997 1,30300 RENT 1,30300 000 1,30300 40200 (600) Occupied Marchionda, Frankie 05/16/2005 05/07/2011 05/01/2012 2,17600 RENT 2,57500 000 2,62500 50000 (2255) STORAGE 000 5000 Occupied Taylor-Wheat, 04/01/2011 04/01/2011 03/31/2012 1,04200 RENT 1,04200 000 1,04200 50000 387 Madeline Occupied ICE ENERGY, INC, 07/12/2011 07/12/2011 07/11/2012 1,88900 RENT 2,02900 000 2,02900 60000 000 * Occupied Hadley, Amber 03/30/2011 03/30/2011 03/29/2012 53800 RENT 53800 000 53800 1,03800 2883 Vacant VACANT 1,88900 000 * 000 * Occupied Barber, LaToya 04/18/2011 04/18/2011 04/17/2012 1,88900 RENT 1,83500 000 1,83500 60000 000 Vacant-Leased VACANT 64100 000 * 000 * Applicant Miller, Jennifer 01/25/2012 01/25/2012 01/19/2013 RENT 64100 * 000 * 64100 * 000 3500 Occupied Irizarry, Yvette 11/21/2011 11/21/2011 11/15/2012 2,17600 RENT 2,01600 000 2,01600 60000 000 Occupied Soudjian, Ara 05/01/2009 10/25/2011 01/23/2012 2,17600 RENT 1,83500 000 1,83500 60000 000 Occupied Ng, Airin 07/10/2011 07/10/2011 07/11/2012 1,80000 PETFEE 000 5000 1,57500 2,07500 000 RENT 1,52500 000 Occupied Syed, Asad 06/26/2011 06/26/2011 06/27/2012 1,93900 RENT 2,10600 000 2,10600 60000 000 Occupied Pozo, Ruth 05/06/2002 05/06/2002 05/31/2003 1,04200 RENT 1,04200 000 1,04200 50000 000 Occupied Oakwood, * 07/07/2011 10/06/2011 09/30/2012 1,93900 RENT 2,42600 000 2,42600 60000 59197 Occupied Kong, Nancy 08/24/2011 08/24/2011 08/18/2012 2,05400 RENT 1,92000 000 1,92000 60000 11121 Occupied Orozco, Rafael 03/07/2008 02/23/2011 02/18/2012 1,93900 RENT 2,03000 000 2,03000 1,92900 000 Occupied Teta, Rosemary 04/09/2011 04/09/2011 03/27/2012 2,17600 RENT 1,83500 000 1,83500 29900 000 Occupied Williams, Wynter 05/01/2009 05/01/2009 04/30/2010 1,30300 RENT 1,29300 000 1,29300 60000 98100 Occupied Stiles, Noelle 08/18/2009 08/14/2011 08/08/2012 1,94000 RENT 1,71500 000 1,71500 50000 000 Occupied Wilson, Toni 04/01/2011 04/01/2011 03/31/2012 64100 RENT 64100 000 64100 60000 (43728) Occupied Scheinhorn, David 04/30/2008 04/18/2011 04/12/2012 1,80000 RENT 1,86100 000 1,86100 50000 000 Occupied Lal, Shalini 05/21/2011 05/21/2011 05/15/2012 2,02900 RENT 1,98900 000 1,98900 60000 14605 Occupied Morawiec, Amy 09/16/2011 09/16/2011 09/17/2012 1,93900 RENT 1,96100 000 1,96100 60000 000 Occupied Knowlton, Katherine 09/09/2011 09/09/2011 08/27/2012 1,93900 RENT 2,02800 000 2,02800 60000 000 Occupied Santamaria, Diane 01/25/2011 01/25/2011 01/20/2012 2,75600 PETFEE 000 5000 1,95000 1,10000 000 RENT 1,90000 000 Occupied Magarian, Shirley 09/08/2009 09/04/2010 08/30/2011 2,18100 RENT 2,28300 000 2,32800 60000 000 STORAGE 000 4500

OneSite Rents v30 OneSite Reports - Holly Street Village Page 10 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 6-403 Loft B N/A 6-404 Loft C N/A 6-405 Loft B N/A 6-406 Loft C N/A 6-407 Loft C N/A 6-408 Loft C N/A 7-101 Plan E N/A 7-102 Plan E N/A 7-103 2x28fc N/A 7-104 Plan B N/A 7-105 1x18fb N/A 7-106 1x1bff N/A 7-107 Plan B N/A 7-108 Plan E N/A 7-110 Plan E N/A 7-111 Plan B N/A 7-112 Plan B N/A 7-113 Plan C N/A 7-114 Plan B N/A 7-115 Plan C N/A 7-116 Plan B N/A 7-117 Plan C N/A 7-118 Plan C N/A 7-201 Plan C N/A 7-202 Plan C N/A 7-203 Plan C N/A N/A 7-204 Plan B N/A 7-205 Plan B N/A 830 1099 830 1099 1099 1099 1040 1040 963 667 667 644 667 1040 1040 667 667 963 667 963 667 963 963 963 963 963 667 667 Occupied Jackson, Timothy 01/18/2009 01/18/2010 07/10/2010 1,97800 RENT 2,27200 000 2,27200 50000 000 Occupied Lewis, James 06/18/2011 06/18/2011 06/05/2012 2,38800 RENT 2,19300 000 2,19300 60000 000 Occupied Reising, Breanna 07/31/2011 10/23/2011 04/20/2012 1,98300 RENT 2,05200 000 2,14700 50000 000 STORAGE 000 9500 Occupied Schafer, Scott 03/08/2009 11/17/2011 05/08/2012 2,37300 PETFEE 000 5000 2,61200 1,10000 000 RENT 2,56200 000 Occupied Franklin, Robert 08/19/2002 10/20/2011 10/14/2012 2,35800 RENT 2,61000 000 2,61000 90000 000 Occupied Sumarli, Dominic 12/18/2010 12/18/2011 06/15/2012 2,35800 RENT 2,33500 000 2,33500 60000 (15851) Vacant VACANT 2,36900 000 * 000 * Occupied Wang, Jingyaun 09/30/2011 09/30/2011 09/29/2012 2,21400 RENT 2,10000 000 2,10000 2,10000 000 Occupied Flores, Marlene 08/11/2006 08/11/2006 08/31/2007 1,30300 RENT 1,30300 000 1,30300 60000 (64200) Occupied Rundall, Yang 07/06/2011 07/06/2011 07/05/2012 1,80000 RENT 1,52500 000 1,52500 50000 (27177) Occupied Elsberry, Mary 04/01/2011 04/01/2011 03/31/2012 1,04200 RENT 1,04200 000 1,04200 23400 1276 Occupied Blackmon, Amy 07/31/2010 07/31/2010 07/30/2011 53800 RENT 53800 000 53800 50000 2840 Occupied Martinez, Robert 09/10/2009 09/06/2011 08/31/2012 1,80000 RENT 1,62200 000 1,62200 50000 000 Occupied Kockler, Jennifer 05/01/2008 04/19/2011 04/13/2012 2,20400 RENT 2,40300 000 2,40300 60000 000 Occupied Kushwaha, Arjun 06/28/2008 06/16/2011 06/10/2012 2,17400 RENT 2,57800 000 2,57800 60000 000 Vacant VACANT 1,79000 000 * 000 * Occupied Oakwood Corporate 03/03/2010 02/27/2011 02/22/2012 1,79000 RENT 1,60900 000 1,60900 50000 (1,35911) Housing, * Occupied Brooks, Bobbie 04/01/2011 04/01/2011 03/19/2012 2,02900 PETFEE 000 3500 2,06000 1,10000 2,53211 RENT 2,02500 000 Occupied Oakwood Corporate 02/25/2005 04/18/2011 04/12/2012 1,81000 RENT 1,86800 000 1,86800 40000 (6843) Housing, * Vacant VACANT 1,89400 000 * 000 * Occupied Sibois, Aurore 11/25/2011 11/25/2011 11/19/2012 1,81000 RENT 1,90400 000 1,90400 1,90400 000 Occupied-NTV Zacharias, Brian 07/31/2010 07/31/2010 07/30/2011 1,85900 RENT 2,16500 000 2,16500 60000 000 01/02/2012 Occupied Hobbie, Suzanne 04/20/2011 04/20/2011 04/19/2012 1,93900 RENT 1,90700 000 1,90700 60000 000 Occupied Erner, Berk 08/25/2009 08/24/2011 08/18/2012 2,05400 RENT 2,05500 000 2,05500 60000 000 Occupied Model, Model 03/25/2004 01/01/2011 12/31/2011 1,93900 MODEL 000 (2,18300) 000 000 000 RENT 2,18300 000 Occupied Smith, Robert 01/07/2011 01/07/2011 01/06/2012 2,05400 RENT 2,33200 000 2,37700 60000 000 STORAGE 000 4500 Pending renewal Smith, Robert 01/07/2011 01/07/2012 05/06/2012 RENT 2,42200 * 000 * 2,46700 * 000 000 STORAGE 000 * 4500 * Occupied Manukyan, Gegham 10/15/2009 09/24/2011 09/18/2012 1,81000 RENT 1,60000 000 1,60000 50000 000 Occupied Horning, Donald 12/08/2010 11/23/2011 05/14/2012 1,76000 RENT 1,73800 000 1,73800 50000 (23874) * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 11 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 7-206 Plan B N/A 7-207 Plan B N/A 7-208 Plan E N/A 7-209 Plan E N/A 7-210 2x2bfe N/A 7-211 1x18fb N/A 7-212 Plan B N/A 7-213 Plan C N/A 7-214 Plan B N/A 7-215 Plan C N/A 7-216 1x1bfb N/A 7-217 2x28fc N/A 7-218 Plan C N/A 7-301 Plan C N/A 7-302 Plan C N/A 7-303 2x2bfc N/A 7-304 Plan B N/A 7-305 1x1bfb N/A 7-306 1x18ff N/A 7-307 Plan B N/A 7-308 2x28fe N/A 7-309 Plan E N/A 7-310 Plan E N/A 7-311 Plan B N/A 7-312 1x18fb N/A 7-313 Loft C N/A 7-314 Loft B N/A 7-315 Loft C N/A 7-316 Loft B N/A 7-317 2x2blc N/A 667 667 1040 1040 1040 667 667 963 667 963 667 963 963 963 963 963 667 667 644 667 1040 1040 1040 667 667 1099 830 1099 830 1099 Occupied Macazana, Carmen 11/26/2010 11/22/2011 11/16/2012 1,85500 RENT 1,59600 000 1,59600 50000 000 Cecilia Occupied Model, One bedroom 04/23/2010 01/05/2011 12/31/2011 1,80000 MODEL 000 (1,54200) 000 000 000 RENT 1,54200 000 Occupied Marshall, Robert 09/12/2011 09/12/2011 02/11/2012 2,21400 RENT 2,24500 000 2,24500 60000 000 Occupied Kaufmann, Corey 12/17/2011 12/17/2011 12/11/2012 2,20400 RENT 2,10000 000 2,10000 000 (40726) Occupied Wilson, John 05/12/1994 08/01/2004 08/31/2004 64100 RENT 64100 000 64100 55000 000 Occupied Dabiri, Parvin 03/12/1994 09/01/2004 10/31/2004 1,04200 RENT 1,04200 000 1,04200 22700 100 Occupied Garcia, David 09/19/2011 09/19/2011 09/20/2012 1,91500 RENT 1,60200 000 1,60200 50000 000 Occupied Shah, Ashish 10/09/2011 10/09/2011 09/26/2012 1,91400 RENT 1,90400 000 1,90400 60000 000 Occupied Peter, Julia 05/05/2009 01/28/2011 01/23/2012 1,80000 RENT 1,57800 000 1,57800 50000 000 Occupied Bautista, Judy 03/08/2006 03/20/2011 03/14/2012 1,91400 RENT 2,51000 000 2,51000 50000 000 Occupied Crockom, Darrell 08/06/2008 08/06/2008 08/05/2009 53800 RENT 53800 000 53800 50000 058 Occupied Shumilo, Gayane 01/05/2008 01/05/2008 01/04/2009 1,30300 RENT 1,30300 000 1,30300 60000 (9810) Vacant VACANT 1,91400 000 * 000 * Occupied Vallee, Sebastien 06/27/2011 06/27/2011 06/21/2012 2,07900 RENT 2,02500 000 2,02500 60000 (2,08500) Occupied Dial, Mark 04/17/2010 04/13/2011 04/12/2012 1,91400 RENT 1,83500 000 1,91000 60000 000 STORAGE 000 7500 Occupied Elem, Evelyn 03/12/2005 03/12/2005 03/31/2006 64100 RENT 64100 000 72600 50000 (19500) STORAGE 000 8500 Occupied Yau, Arthur 04/08/2011 10/29/2011 04/26/2012 1,81000 RENT 1,80400 000 1,80400 50000 417 Occupied Yagjian, Cora 11/23/1998 08/01/2004 08/31/2004 53800 RENT 53800 000 53800 43800 000 Occupied Jones, Adriana 06/22/2001 06/22/2001 06/30/2002 1,04200 RENT 1,04200 000 1,04200 55000 (98714) Occupied Wells, Derek 07/03/2011 07/03/2011 06/27/2012 1,94000 PARKING 000 5000 1,69200 50000 16420 RENT 1,64200 000 Occupied Moss, Denise 04/10/2009 04/10/2009 04/09/2010 1,30300 RENT 1,30300 000 1,30300 60000 6000 Occupied Ng, Tzu Ming 11/15/2011 11/15/2011 07/05/2012 2,07400 PETFEE 000 10000 2,24700 1,10000 000 RENT 2,14700 000 Occupied Morris, Michael 03/10/2011 03/10/2011 03/04/2012 2,03400 PETFEE 000 5000 2,06400 2,06400 (29000) RENT 2,01400 000 Occupied Tracas, Michael 09/11/2011 09/11/2011 08/29/2012 1,79000 RENT 1,53500 000 1,53500 1,53500 000 Occupied Witt, Alberta 05/01/1994 05/01/1994 04/30/1997 1,04200 RENT 1,04200 000 1,04200 17700 (19800) Occupied Teece, Daniel 06/19/2011 09/28/2011 06/17/2012 2,36300 RENT 2,39000 000 2,39000 60000 (2,60000) Occupied Cleek, Elizabeth 12/10/2011 12/10/2011 12/04/2012 1,81300 RENT 1,75900 000 1,75900 50000 5000 Occupied Doyle, Melissa 10/01/2011 10/01/2011 09/25/2012 2,36300 RENT 2,29700 000 2,29700 60000 000 Occupied Seubert, Carl 09/11/2011 09/11/2011 09/05/2012 1,81300 RENT 1,71500 000 1,71500 50000 000 Occupied Zamani, Nahid 02/28/1998 08/01/2004 08/31/2004 64100 RENT 64100 000 64100 49000 000 * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 12 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 7-318 Loft C N/A 7-401 Loft C N/A 7-402 Loft C N/A 7-403 Loft C N/A 7-404 Loft B N/A 7-405 Loft B N/A 7-406 Plan B N/A 7-407 Loft B N/A 7-408 Loft E N/A 7-409 Loft E N/A 7-410 Loft E N/A 7-G15 Plan C N/A 7-G17 Plan C N/A 8-101 3x3bt N/A 8-102 Plan T N/A 8-103 Plan T N/A 8-104 Plan C N/A 8-105 2x28fc N/A 8-106 Plan B N/A 8-107 Plan B N/A 8-108 Plan B N/A 8-109 1x18fb N/A 8-204 2x2bfc N/A 8-205 Plan C N/A 8-206 Plan B N/A 8-207 Plan B N/A 8-208 1x18fb N/A 8-209 Plan B N/A 8-301 Plan A N/A 8-302 Plan A N/A 1099 1099 1099 1099 830 830 667 830 1184 1184 1184 963 963 1418 1412 1412 963 963 667 667 667 667 963 963 667 667 667 667 550 550 Occupied Clavecilla, Christine 04/01/2011 04/01/2011 03/31/2012 2,33300 RENT 2,25000 000 2,25000 60000 000 Occupied Greenberg, Peter 08/12/2011 08/12/2011 08/11/2012 2,47300 RENT 2,21200 000 2,21200 1,10000 000 Occupied Wiesner, Martin 05/19/2010 05/19/2011 05/13/2012 2,38800 RENT 2,33700 000 2,33700 2,29200 000 Occupied Donorovich, Ashley 05/21/2011 05/21/2011 05/20/2012 2,47300 PETFEE 000 10000 2,37500 1,10000 000 RENT 2,27500 000 Occupied Ogorodov, Denis 12/05/2007 11/16/2011 11/10/2012 1,82800 PARKING 000 10000 2,41200 2,18000 000 RENT 2,31200 000 Occupied Klug, David 10/22/2009 10/01/2011 03/29/2012 1,81300 RENT 2,04400 000 2,04400 50000 000 Occupied Marriott Execustay, * 06/10/2011 06/10/2011 06/09/2012 1,97000 RENT 1,89100 000 1,89100 50000 3282 Occupied 2-K TEK BUSINESS 10/01/2010 09/27/2011 09/21/2012 1,75300 RENT 1,80100 000 1,80100 1,67500 (016) SOLUTIONS, LL, * Occupied Carmody, Brian 09/08/2008 03/08/2011 03/02/2012 2,73600 RENT 2,84500 000 2,84500 60000 (3,16928) Occupied Percival, Jeffrey 07/05/2007 02/10/2011 02/09/2012 2,73600 RENT 2,45000 000 2,45000 2,55500 000 Occupied Collins, Nancy 03/01/2010 02/25/2011 02/20/2012 2,82100 PETFEE 000 3500 2,81700 90000 000 RENT 2,78200 000 Occupied Astrero, James 09/28/2010 10/21/2011 04/11/2012 1,88900 RENT 2,11400 000 2,11400 60000 000 Occupied Lee, Paul 09/22/2010 09/18/2011 09/12/2012 2,07400 PETFEE 000 5000 2,06000 2,38000 000 RENT 2,01000 000 Vacant VACANT 69700 000 * 000 * Occupied Hamer, Andrew 07/10/2011 07/10/2011 02/09/2012 3,04500 PETFEE 000 5000 3,15600 1,20000 (31060) RENT 3,10600 000 Occupied Du, Jen-Hsiang 08/16/2011 08/16/2011 08/15/2012 3,04500 RENT 3,03400 000 3,03400 3,03400 000 Occupied Harston, Tiffany 03/09/2009 05/30/2011 05/24/2012 1,83400 RENT 1,83500 000 1,83500 2,17200 000 Occupied McFatter, Stuart 09/22/2006 09/22/2006 09/30/2007 1,30300 RENT 1,30300 000 1,30300 86000 000 Gavin Occupied Lukesh, Warren 11/08/2010 11/08/2011 11/02/2012 1,76000 RENT 1,52500 000 1,52500 50000 000 Occupied Kim, Boo 09/01/2009 08/31/2011 02/27/2012 1,71000 RENT 1,57700 000 1,57700 50000 000 Occupied Morel, Jose 01/15/2011 01/15/2011 01/10/2012 1,76000 RENT 1,54200 000 1,54200 50000 7752 Vacant VACANT 1,04200 000 * 000 * Occupied Izadi, Behat 11/05/2006 11/05/2006 11/30/2007 64100 RENT 64100 000 64100 60000 000 Occupied Urgelles, Jennifer 09/02/2011 09/02/2011 06/30/2012 1,78400 RENT 1,84500 000 1,84500 60000 8450 Occupied Alvarez, Carlota 07/07/2011 07/07/2011 06/24/2012 1,90000 RENT 1,53500 000 1,53500 50000 (712) Occupied Burchfield, Ryan 09/22/2008 12/02/2011 11/26/2012 1,85000 RENT 1,64800 000 1,64800 1,50800 (55548) Occupied Newson, Deborah 10/04/1997 10/04/1997 10/31/1998 1,04200 RENT 1,03700 000 1,03700 30000 (1500) Occupied Oakwood Corporate 12/15/2011 12/15/2011 03/14/2012 1,71000 RENT 1,81200 000 1,81200 50000 000 Housing, * Occupied Meshkat, Leila 10/19/2002 04/19/2011 04/13/2012 1,59900 RENT 1,74400 000 1,74400 60000 (1430) Occupied Grzecka, Amy 07/24/2011 07/24/2011 07/18/2012 1,59900 RENT 1,47900 000 1,47900 50000 000 * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 13 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 8-303 Plan A N/A 8-304 Plan C N/A 8-305 2x28fc N/A 8-306 Plan B N/A 8-307 Plan B N/A 8-308 Plan B N/A 8-309 1x1bfb N/A 8-401 Plan A N/A 8-402 Plan A N/A 8-403 Plan A N/A 8-404 Loft C N/A 8-405 Loft C N/A 8-406 Loft B N/A 8-407 Loft B N/A 8-408 1x1blb N/A 8-409 Loft B N/A 9-101 Loft 5 N/A 9-102 Loft 6 N/A 9-103 Loft 5 N/A 9-104 Loft 3 N/A 9-201 HOJ Loft N/A N/A 9-202 Loft 2 N/A 9-203 Loft 4 N/A 9-204 Loft 3 N/A 9-301 HOJ Loft N/A * Indicates amounts not included in detail totals 550 963 963 667 667 667 667 550 550 550 1099 1099 830 830 830 830 1583 1203 1583 1093 1834 1267 1590 1093 1834 Occupied Rodriguez, Monica 08/21/2011 08/21/2011 08/15/2012 1,59900 RENT 1,48400 000 1,48400 50000 000 Occupied Aimaq, Rahim 05/04/2009 05/02/2011 04/24/2012 1,83400 RENT 1,92800 000 1,92800 60000 000 Occupied Gil, Ivonne 08/05/2011 08/05/2011 08/04/2012 1,30300 RENT 1,30300 000 1,30300 1,24100 80189 Occupied Marriott ExecuStay, * 02/15/2011 05/10/2011 05/04/2012 1,90000 RENT 1,90800 000 1,90800 50000 14629 Occupied Herlong, Dwight 10/15/2011 10/15/2011 10/14/2012 1,89500 RENT 1,57900 000 1,57900 50000 1,76068 Occupied Vindeni, Mario 10/07/2009 10/22/2011 04/26/2012 1,76000 RENT 1,63100 000 1,63100 50000 000 Occupied Hodges, Jasmin 12/22/2010 12/22/2010 12/21/2011 53800 RENT 53800 000 53800 1,03800 000 Occupied Rivera, Reuben 04/23/2011 04/23/2011 04/17/2012 1,59900 RENT 1,48100 000 1,48100 50000 000 Occupied Wu, Yi-hsin 12/15/2009 09/08/2011 03/29/2012 1,59900 RENT 1,52800 000 1,52800 50000 000 Occupied Davis, Edward 07/11/2010 07/11/2011 06/28/2012 1,59900 RENT 1,47300 000 1,47300 50000 000 Occupied Wittmier, Shawn 09/03/2011 09/03/2011 08/21/2012 2,30800 RENT 2,27700 000 2,27700 60000 000 Occupied NEW ARMOUR, 03/19/2011 03/19/2011 03/13/2012 2,24800 RENT 2,22900 000 2,22900 60000 000 INC, * Occupied Martin, Robert 08/22/2011 08/22/2011 08/16/2012 1,78800 RENT 1,76800 000 1,85800 50000 000 STORAGE 000 9000 Occupied Wada, Steven 03/01/1996 04/19/2011 04/13/2012 1,70300 RENT 2,14300 000 2,14300 60000 000 Occupied Turner, Kimmie 03/21/1994 08/01/2004 08/31/2004 53800 RENT 53800 000 53800 45000 5263 Occupied Jimenez Paulino, 11/12/2011 11/12/2011 11/11/2012 1,70300 RENT 1,67500 000 1,67500 50000 000 Lara Jane Occupied Reitz, Greg 03/26/2011 03/26/2011 03/20/2012 2,20400 EMPLCRED 000 (2,02500) 000 000 (1693) RENT 2,02500 000 Occupied Hargis, Paul 02/01/2010 01/21/2011 01/16/2012 2,20400 LAUNDRY 000 1400 1,98500 60000 000 RENT 1,97100 000 Vacant VACANT 2,27400 000 * 000 * Occupied Kushner, James 08/17/2004 11/18/2011 11/12/2012 2,20400 LAUNDRY 000 1400 2,51400 50000 (2,57400) RENT 2,50000 000 Occupied Duque, Sergio 01/02/2010 12/29/2010 12/24/2011 3,26600 LAUNDRY 000 1400 2,71400 1,00000 903 RENT 2,70000 000 Pending renewal Duque, Sergio 01/02/2010 12/25/2011 12/19/2012 LAUNDRY 000 * 1400 * 2,75400 * 000 000 RENT 2,74000 * 000 * Occupied Little, Matthew 05/21/2010 05/21/2011 05/15/2012 2,20400 LAUNDRY 000 1400 1,90400 60000 000 RENT 1,89000 000 Occupied Kroger, Edward 10/15/2010 12/13/2011 03/12/2012 2,37900 LAUNDRY 000 1400 2,43600 60000 (39655) RENT 2,42200 000 Occupied Brock, Misty 05/18/2011 05/18/2011 05/17/2012 2,27900 EMPLCRED 000 (1,93900) 000 000 1774 RENT 1,93900 000 Occupied Tobia, Jr, Stephen 07/13/2009 07/09/2011 07/03/2012 2,63100 LAUNDRY 000 1400 2,61400 60000 (524) RENT 2,60000 000

OneSite Rents v30 OneSite Reports - Holly Street Village Page 14 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Details Unit Floorplan Unit Designation (30 only) SQFT Unit/Lease Status Name Move-In Move-Out Lease Start Lease End Trans Code Lease Rent Other Charges/ Credits Total Billing Dep On Hand Balance 9-302 Loft 2 N/A 9-303 Loft 4 N/A 9-304 Loft 3 N/A 9-401 HOJ Loft N/A 9-402 Loft 2 N/A 9-403 Loft 4 N/A 9-404 Loft 3 N/A 1267 1590 1093 1834 1267 995 1093 Occupied Vega, Tanya 02/13/2010 02/08/2011 02/03/2012 2,20400 LAUNDRY 000 1400 2,01400 90000 000 PETFEE 000 7000 RENT 1,93000 000 Occupied Levitt, Cindy 09/10/2010 09/10/2011 09/04/2012 2,20400 LAUNDRY 000 1400 1,88900 60000 000 RENT 1,87500 000 Occupied Wilson, Jack 06/25/2010 06/26/2011 06/19/2012 2,25400 LAUNDRY 000 1400 2,15100 60000 000 RENT 2,13700 000 Occupied Kimball, Shelley 09/01/2009 07/19/2011 07/13/2012 3,12600 LAUNDRY 000 1400 2,70900 60000 000 RENT 2,69500 000 Occupied Falls, Jonathan 04/01/2011 04/01/2011 03/26/2012 2,30900 LAUNDRY 000 1400 2,01400 79900 000 PETFEE 000 5000 RENT 1,95000 000 Occupied Staehling, Beth 02/11/2010 10/18/2011 04/14/2012 2,20400 LAUNDRY 000 1400 1,98700 60000 000 RENT 1,97300 000 Occupied Griffith, Irene 07/01/2010 07/01/2011 06/25/2012 2,50400 LAUNDRY 000 1400 2,15200 60000 (2,37668) RENT 2,13800 000 Totals: 661,97100 613,80000 (6,85500) 606,94500 261,23400 * Indicates amounts not included in detail totals

OneSite Rents v30 OneSite Reports - Holly Street Village Page 15 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; Amt / SQFT: Market = 327,733 SQFT; Leased = 311,394 SQFT; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Floorplan # Units Average SQFT Market Amt / SQFT Average Leased Leased Units Amt / SQFT Occupied Occupancy % Units Available 1x18fa 1 550 1,04200 189 1,04200 189 1 10000 0 1x18fb 14 667 1,04200 156 1,04085 156 13 9286 1 1x18ff 1 644 1,04200 162 1,04200 162 1 10000 0 1x18fg 1 673 1,04200 155 1,04200 155 1 10000 0 1x18lb 1 830 1,04200 126 1,03700 125 1 10000 0 1x1bfa 1 550 53800 098 53800 098 1 10000 0 1x1bfb 11 667 53800 081 53800 081 11 10000 0 1x1bff 1 644 53800 084 53800 084 1 10000 0 1x1blb 1 830 53800 065 53800 065 1 10000 0 2x28fc 16 963 1,30300 135 1,30100 135 15 9375 1 2x28fe 1 1,040 1,30300 125 1,30300 125 1 10000 0 2x28fh 2 1,020 1,30300 128 1,29800 127 2 10000 0 2x28lc 1 1,099 1,30300 119 1,29300 118 1 10000 0 2x2bfc 16 963 64100 067 64100 067 15 9375 0 2x2bfd 2 1,020 64100 063 64100 063 2 10000 0 2x2bfe 1 1,040 64100 062 64100 062 1 10000 0 2x2bfh 1 1,020 64100 063 64100 063 1 10000 0 2x2blc 3 1,099 64100 058 64100 058 3 10000 0 2x2bld 1 1,164 64100 055 64100 055 1 10000 0 3x3bt 1 1,418 69700 049 000 000 000 1 HOJ Loft 3 1,834 3,00767 164 2,66500 145 3 10000 0 Loft 2 3 1,267 2,23900 177 1,92333 152 3 10000 0 Loft 3 4 1,093 2,31025 211 2,17850 199 4 10000 0 Loft 4 3 1,391 2,26233 163 2,09000 150 3 10000 0 Loft 5 2 1,583 2,23900 141 2,02500 128 1 5000 1 Loft 6 1 1,203 2,20400 183 1,97100 164 1 10000 0 Loft B 33 830 1,84255 222 1,92924 232 33 10000 0 Loft C 30 1,099 2,38983 217 2,30527 210 30 10000 0 Loft H 2 1,164 2,82600 243 2,10000 180 2 10000 0 Plan A 20 550 1,65825 302 1,54785 281 20 10000 1 Plan B 77 667 1,81929 273 1,63165 245 74 9610 4 Plan C 66 963 1,94059 202 2,04600 212 58 8788 10 Plan D 10 1,020 2,13900 210 2,22580 218 10 10000 0 Plan E 8 1,040 2,18588 210 2,22671 214 7 8750 1 Plan G 15 673 1,88133 280 1,59893 238 15 10000 1

OneSite Rents v30 OneSite Reports - Holly Street Village Page 16 of 16 12/22/2011 3:32:36PM Parameters: Property - ALL; SubJournal - ALL; Formers excluded - Yes; Unit Designation - ALL; Amt / SQFT: Market = 327,733 SQFT; Leased = 311,394 SQFT; RENT ROLL DETAIL As of 12/20/2011 mgt-521-003 Floorplan # Units Average SQFT Market Amt / SQFT Average Leased Leased Units Amt / SQFT Occupied Occupancy % Units Available Plan H 11 1,020 2,18827 215 2,08655 205 11 10000 0 Plan T 2 1,412 3,04500 216 3,07000 217 2 10000 0 Loft D 3 1,164 2,70767 233 2,74433 236 3 10000 0 Loft E 3 1,184 2,76433 233 2,69233 227 3 10000 0 Loft G 1 836 1,93800 232 1,75800 210 1 10000 0 Totals / Averages: 374 876 1,76998 202 1,71933 196 357 9545 21 Occupancy and Rents Summary for Date Unit Status # Units Potential Rent Occupied, no NTV 621,43200 351 602,39900 Occupied, NTV 10,94600 6 11,40100 Occupied NTV Leased - 0 - Vacant Leased 2,55500 2 2,55500 Admin/Down - 0 - Vacant Not Leased 27,03800 15 27,03800 Totals: 661,97100 374 643,39300 Summary Billing by Transaction Code for Date Code Amount BUNG (1,89900) EMPLCRED (6,19800) LAUNDRY 18200 MODEL (3,72500) PARKING 1,05000 PETFEE 2,08500 RENT 613,80000 STORAGE Total: 1,65000 606,94500

OneSite Rents v30 OneSite Reports - Holly Street Village Page 1 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF WAIT Martin, Denise denisemartin@union bankcom Applicant PMTCHECK (10000) 000 (10000) 000 000 000 (10000) 000 000 000 0/0 WAIT Williams, Venise jzzzzd@gmailcom Applicant PMTCHECK (10000) 000 (10000) 000 000 000 (10000) 000 000 000 0/0 1-104 Manafi, Farideh 07/25/2009 (734)604-5888 resident fari027@yahoocom PMTOPACH (1000) 000 (1000) (1000) 000 000 000 000 50000 000 0/0 1-106 Lareen, Naomi 09/26/2008 (626) 796-7504 resident PMTCHECK (6600) 000 (6600) (6600) 000 000 000 000 60000 000 0/0 1-108 Oakwood Corporate Housing, * (818) 942-3030 Hbarra@oakwoodco m resident 01/17/2011 PMTOPIRD (45751) 000 (45751) (45751) 000 000 000 000 50000 000 0/0 1-111 Ziegler, Robie 08/10/2011 (702) 339-1275 resident robieziegler@aolcom PMTCHECK (1,43754) 000 (1,43754) (1,43754) 000 000 000 000 50000 000 0/0 1-113 Espadas, Michelle (909) 319-2501 michelleespadas@g mailcom resident 09/30/2011 PMTCHECK (085) 000 (085) (085) 000 000 000 000 50000 000 1-115 Key Housing, * NTV 04/28/2011 RENT 000 60594 60594 000 000 000 7574 1,10000 000 1/0 (916) 989-0410 bobl@keyhousingco m 12/30/2011 LATEFEE 000 6817 6817 000 000 000 000 Subtotals: 000 67411 67411 67411 000 000 000 7574 1/0 1-116 Richardson, Brett 09/16/2011 (714) 271-9000 resident bbilly29@hotmailcom RENT 000 14837 14837 14837 000 000 000 000 50000 000 1/0 DEL Comment: Served 3 Day Notice(12/06/2011;MBrock) * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 2 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 1-167 II, M I G 12/ 1/2001 resident RETAIL 000 10775 10775 10775 000 000 000 000 5,62000 000 3/0 1-171 Jones, Edward 07/ 1/1998 resident PMTOPIRD (63793) 000 (63793) (63793) 000 000 000 000 1,24000 000 2/0 1-208 McLaughlin, Dolores (626) 703-6513 dmclaughlinxxx@hot mailcom resident 09/12/2011 RENT 000 3599 3599 3599 000 000 000 000 1,52500 000 0/0 1-212 Velazco, Ramon 09/28/2010 (626) 676-7436 resident noemail@hotmailcom RENT 000 15262 15262 15262 000 000 000 000 1,44900 000 5/3 DEL Comment: Sent Ramon a balance due letter; along with copies of ledger showing he already had a late fee waived in May 2011 as a one time courtesy(12/09/2011;mbrock) 1-214 Elmer, Emily (661) 644-3758 emily_elmer@emailc om Former resident 12/20/2011 PMTOPACH (45811) 000 (45811) (45811) 000 000 000 000 80000 000 0/0 1-216 Toda, Kevin (626)688-4990 kevintoda@gmailco m resident 11/15/2010 PMTOPACH (53177) 000 (53177) (53177) 000 000 000 000 50000 000 1/0 1-219 Marriott Execustay, * 04/22/2011 joyceclose@marriott resident com PMTCHECK (2523) 000 (2523) (2523) 000 000 000 000 50000 000 0/1 1-304 Ching, John 04/ 8/2011 jchingv66@hotmailco resident m PMTOPACH (15680) 000 (15680) (15680) 000 000 000 000 50000 000 0/2 1-306 Brown, Arlessie 09/17/1999 (626) 584-6815 resident PMTOPACH (23080) 000 (23080) (23080) 000 000 000 000 55000 000 0/0 1-308 Cook, Lory 02/ 8/2001 (626) 578-6305 resident PMTOPACH (400) 000 (400) (400) 000 000 000 000 50000 000 1/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 3 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 1-311 Blake, Kelli 07/23/2011 resident PMTCHECK (1,56600) 000 (1,56600) (1,56600) 000 000 000 000 50000 000 0/0 1-315 Oakwood Corporate Housing, * (800) 773-1500 noemail@sares-regis com resident 01/15/2009 PMTCHECK (5084) 000 (5084) (5084) 000 000 000 000 60000 000 1/0 1-317 Boyer, Calvin (434) 414-6848 calvininpasadena@g mailcom resident 02/15/2007 PMTOPACH (92333) 000 (92333) (92333) 000 000 000 000 50000 000 3/0 1-403 Lee, Stephen W 05/15/2010 (949)400-5369 resident swl1010@gmailcom PMTOPACH (6428) 000 (6428) (6428) 000 000 000 000 50000 000 0/0 1-409 Zasa, Robert Joseph 11/30/2011 rzasa1@earthlinknet resident RENT 000 17690 17690 17690 000 000 000 000 50000 000 1/0 DEL Comment: Spoke to Robert; he thought he paid December`s rent when he moved in 11-30 He will be back in town Monday, 12/12 and will pay in full I faxed/e-mailed him copies of his ledger(12/09/2011;mbrock) 1-415 Sifling, Jayme L (213) 453-6060 gynadenisel@gmailc om resident 12/15/2011 PMTCHECK (12519) 000 (12519) (12519) 000 000 000 000 60000 000 0/0 1-416 Monty, Antoinette (626) 222-8202 AMontepiano@hotmai lcom resident 01/31/2011 PMTCHECK (16314) 000 (16314) (16314) 000 000 000 000 50000 000 0/0 2-101 Plaid, Cheyvee 08/30/2009 (626) 644-3787 resident sdrollove@yahoocom RENT 000 020 020 020 000 000 000 000 1,23000 000 3/0 2-106 Almond, Whitney (734) 657-2684 whitney021687@hotm ailcom 2-107 Yi, Evan Seung 07/23/2010 (808) 294-4115 resident evanyi9@gmailcom Applicant APPFEE 000 3500 3500 3500 000 000 000 000 000 60000 0/0 PMTOPACH (28191) 000 (28191) (28191) 000 000 000 000 50000 000 1/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 4 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 2-205 Jukes, Stephanie 12/19/2011 sjukes@sares-regisc resident om RENT 000 79677 79677 79677 000 000 000 000 000 000 0/0 2-207 Youngblood, Betty 09/ 1/1994 (626) 744-0391 resident PMTCHECK (29870) 000 (29870) (29870) 000 000 000 000 17100 000 1/0 2-208 Senkandwa, Harriet 07/28/2007 (626) 744-0661 resident PMTCHECK (35773) 000 (35773) (35773) 000 000 000 000 1,26900 000 1/1 2-304 Hafen, Landon 09/ 7/2011 (203)515-0898 resident hafen5@aolcom LATEFEE 000 7936 7936 000 7936 000 000 000 60000 000 1/0 2-306 Martinez, Christy 06/11/2011 christymartinez83@ya resident hoocom RENT 000 2510 2510 2510 000 000 000 000 1,24100 000 1/1 2-307 Phadtare, Parag NTV 08/23/2011 RENT 000 000 000 000 000 000 51290 50000 000 0/0 (517) 755-6422 parag_022@yahooco m 12/21/2011 PMTOPACH (5400) 000 (5400) 000 000 000 000 Subtotals: (5400) 000 (5400) (5400) 000 000 000 51290 2-401 Pickens, LaDonne 04/16/2011 no@sares-regiscom resident PMTOPACH (3336) 000 (3336) (3336) 000 000 000 000 60000 000 0/0 3-101 Ware, Elisa 12/ 1/1994 (626) 319-1769 resident RENT 000 12655 12655 12655 000 000 000 000 28900 000 8/1 DEL Comment: Served 3 Day Notice(12/06/2011;MBrock) 3-103 Rios, Jose 07/18/2001 (626) 564-9263 resident RENT 000 200 200 200 000 000 000 000 55000 000 1/0 3-203 Samsami, Hedayat 10/27/2005 (626) 578-1172 resident PMTOPACH (17000) 000 (17000) (17000) 000 000 000 000 50000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 5 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 3-204 Hernandez, Adrian 11/25/2011 dangee88@yahooco resident m PMTOPACH (10000) 000 (10000) (10000) 000 000 000 000 1,73800 000 0/0 3-308 Gichuhi, Grace 01/29/2011 kijohh@yahoocom resident PMTOPACH (095) 000 (095) (095) 000 000 000 000 50000 000 0/0 3-403 Luke, Janett 02/ 1/2005 (626) 394-7220 resident PMTCHECK (4450) 000 (4450) (4450) 000 000 000 000 50000 000 1/0 4-101 Thomas, Monique (323)972-9809 mlthomas74@hotmail com resident 12/29/2009 DEL Comment: Served 3 Day Notice(12/06/2011;MBrock) RENT 000 136 136 136 000 000 000 000 50000 000 7/2 4-105 Daryaie, Shahindokh 06/27/2003 (626) 432-6835 resident PMTCHECK (600) 000 (600) (600) 000 000 000 000 50000 000 0/0 4-113 Sanchez, Blanca M 11/21/2007 (626) 396-9136 resident PMTCHECK (50825) 000 (50825) (50825) 000 000 000 000 90200 000 3/1 4-203 Cox, Corey 07/16/2011 coreycoxcalifornia@y resident ahoocom PMTOPIRD (3483) 000 (3483) (3483) 000 000 000 000 1,52500 000 0/1 4-204 Marriott Execustay, * 05/ 2/2011 joyceclose@marriott resident com RENT 000 11421 11421 11421 000 000 000 000 50000 000 0/1 4-205 Gonzalez, Juan (323)420-6037 jcgmm9013@gmailco m resident 10/17/2011 PMTOPACH (038) 000 (038) (038) 000 000 000 000 1,52900 000 1/0 4-207 Simonsen, Austen (801) 549-8012 noemail@saresregisc om resident 10/22/2011 RENT 000 5161 5161 5161 000 000 000 000 1,52500 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 6 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 4-210 Knox, Barsha 08/30/2011 barshaknox@rocketm resident ailcom PMTCHECK (34394) 000 (34394) (34394) 000 000 000 000 87300 000 0/0 4-212 Morgan, Shaunda (323)202-8277 shaundamonique@ho tmailcom resident 02/ 5/2011 PMTOPACH (675) 000 (675) (675) 000 000 000 000 60000 000 1/0 4-216 Bentley, Marjorie 09/22/1996 (626) 577-9363 resident PMTOPACH (44200) 000 (44200) (44200) 000 000 000 000 55000 000 0/0 4-302 Ford, Barbara (626) 795-3491 noemail@sares-regis com resident 06/ 1/2010 PMTCHECK (17517) 000 (17517) (17517) 000 000 000 000 27100 000 2/0 4-304 Large, Adrienne 08/ 3/2011 natrlbornleader@gmai resident lcom PMTOPIRD (4091) 000 (4091) (4091) 000 000 000 000 1,03800 000 1/0 4-306 Firoozy, Molouk 08/ 1/1994 (626) 795-3437 resident PMTCHECK (200) 000 (200) (200) 000 000 000 000 22100 000 0/0 4-308 Regency Corporate Living, * (858) 558-8839 dylanmurphy@regenc ycorporatelivingcom resident 11/11/2011 RENT 000 1387 1387 1387 000 000 000 000 50000 000 0/0 4-310 Guerrero, Mellissa 03/15/2010 (626) 532-0035 resident Mguerrero@cscaedu PMTOPIRD (13711) 000 (13711) (13711) 000 000 000 000 90000 000 1/0 4-312 Goudeau, Julia 11/29/2003 (626) 795-0514 resident PMTOPACH (6606) 000 (6606) (6606) 000 000 000 000 1,02300 000 1/0 4-316 Vora, Shruti 07/18/2011 ssvora8@gmailcom resident PMTOPACH (3500) 000 (3500) (3500) 000 000 000 000 60000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 7 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 4-403 Towns, Jeneal (626) 844-9101 noemail@sares-regis com resident 09/ 1/2010 PMTCHECK (300) 000 (300) (300) 000 000 000 000 28500 000 1/0 4-407 Carlson, Stephanie 06/ 1/2011 Stephanie@ernliveco resident m PMTOPACH (3126) 000 (3126) (3126) 000 000 000 000 1,00000 000 2/0 4-413 Thompson, Sharon 07/12/2003 (626) 319-2564 resident PMTOPIRD (065) 000 (065) (065) 000 000 000 000 50000 000 2/0 4-415 Mesmer, Ethan (310) 429-2083 ethan@mesmermedia com resident 11/18/2004 RENT 000 11471 11471 11471 000 000 000 000 40000 000 10/1 4-416 Castillo, Edilzar 04/22/2011 eecastillo32@yahooc resident om RENT 000 10000 10000 10000 000 000 000 000 60000 000 0/0 5-103 Offutt, Tressa (626) 343-4700 noemail@sares-regis com resident 08/30/2011 5-104 Van Der Touw, Renee (626)664-2894 iplaywithscissors2@g mailcom resident 03/29/2010 PMTCHECK (18294) 000 (18294) (18294) 000 000 000 000 PMTOPIRD (44337) 000 (44337) (44337) 000 000 000 000 60000 000 50000 000 5-105 Cerny, Lindsey NTV 07/25/2011 PMTOPIRD (001) 000 (001) (001) 000 000 000 000 1,10000 000 0/0 lindscerny@gmailco 01/21/2012 m 0/0 0/0 5-108 Haber, Mark 08/23/2005 (626) 796-7978 resident PMTCHECK (26500) 000 (26500) (26500) 000 000 000 000 79600 000 0/0 5-201 Graves, Jason (248)388-3508 jtgraves35@yahooco m resident 12/ 1/2009 PMTOPACH (003) 000 (003) (003) 000 000 000 000 1,40000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 8 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 5-202 Ward, Saraan 10/26/2006 (626) 584-6988 resident PMTOPIRD (100) 000 (100) (100) 000 000 000 000 60000 000 0/0 5-203 PC Housing, * (800) 447-2742 aguerin@pchousingc om resident 06/15/2011 RENT 000 34249 34249 000 000 000 000 LATEFEE 000 3425 3425 000 000 000 000 Subtotals: 000 37674 37674 37674 000 000 000 000 60000 000 2/0 5-204 Kamali, Roza 08/ 7/2010 (626) 993-5782 resident noemail@yahoocom PMTCHECK (001) 000 (001) (001) 000 000 000 000 50000 000 0/0 5-207 Eiler, Janis (626) 375-0724 janiseiler@earthlinkn et resident 06/ 6/2009 RENT 000 21000 21000 21000 000 000 000 000 90000 000 1/1 5-301 Fagundes, David (202) 302-1304 dfagundes@swlawed u resident 11/29/2009 PMTOPACH (29717) 000 (29717) (29717) 000 000 000 000 60000 000 1/1 5-307 Ramos, Mario (626) 744-7735 no-email@sares-regis com resident 07/31/2009 RENT 000 400 400 400 000 000 000 000 60000 000 0/0 5-402 CSDS AIRCRAFT SALES LEASING I, Ben (310) 756-4085 mcfl@attnet resident 03/11/2011 RENT 000 12734 12734 12734 000 000 000 000 60000 000 0/0 5-403 Spragg, Melissa 05/25/2011 missyspragg@hotmail resident com RENT 000 2685 2685 2685 000 000 000 000 1,10000 000 3/0 DEL Comment: Served 3 Day Notice(12/06/2011;MBrock) 5-407 Loo, Paul 09/15/2003 (626) 396-9116 resident PMTCHECK (64100) 000 (64100) (64100) 000 000 000 000 50000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 9 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 5-408 Sci Live, Inc, * (625)818-9105 noemail@sares-regis com resident 12/ 8/2011 PMTOPIRD (33000) 000 (33000) (33000) 000 000 000 000 60000 000 0/1 6-101 Kearney, Ellyn P 10/30/1994 (626) 793-8775 resident PMTCHECK (600) 000 (600) (600) 000 000 000 000 40200 000 0/0 6-102 Marchionda, Frankie 05/16/2005 resident PMTOPACH (2255) 000 (2255) (2255) 000 000 000 000 50000 000 4/1 6-103 Taylor-Wheat, Madeline (626) 765-6524 noemail@sares-regis com resident 04/ 1/2011 6-105 Hadley, Amber (626) 993-5273 genesis6262000@yah oocom resident 03/30/2011 6-108 Miller, Jennifer (626)844-7678 marshen@aolcom RENT 000 387 387 387 000 000 000 000 RENT 000 2883 2883 2883 000 000 000 000 50000 000 1,03800 000 Applicant APPFEE 000 3500 3500 3500 000 000 000 000 000 60000 0/0 0/1 2/2 6-206 Oakwood, * 07/ 7/2011 mkaspar@oakwoodc resident om RENT 000 53815 53815 000 000 000 000 LATEFEE 000 5382 5382 000 000 000 000 60000 000 1/0 Subtotals: 000 59197 59197 59197 000 000 000 000 6-207 Kong, Nancy (909)935-9973 nancykong@yahooco m resident 08/24/2011 RENT 000 11121 11121 11121 000 000 000 000 60000 000 0/0 6-302 Williams, Wynter (310) 766-1334 wynterwilliams10@ya hoocom resident 05/ 1/2009 RENT 000 98100 98100 98100 000 000 000 000 60000 000 0/0 6-304 Wilson, Toni 04/ 1/2011 noemail@sares-regis resident com PMTOPIRD (43728) 000 (43728) (43728) 000 000 000 000 60000 000 1/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 10 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 6-306 Lal, Shalini 05/21/2011 drshalinilal@gmailco resident m RENT 000 14605 14605 14605 000 000 000 000 60000 000 1/2 6-408 Sumarli, Dominic (310)592-8010 domi2609@hotmailc om resident 12/18/2010 PMTOPACH (15851) 000 (15851) (15851) 000 000 000 000 60000 000 0/0 7-103 Flores, Marlene 08/11/2006 (626) 844-6774 resident PMTCHECK (64200) 000 (64200) (64200) 000 000 000 000 60000 000 0/0 7-104 Rundall, Yang 07/ 6/2011 victoriawrundall@gma resident ilcom PMTCHECK (27177) 000 (27177) (27177) 000 000 000 000 50000 000 0/0 7-105 Elsberry, Mary (626) 792-1321 noemail@sares-regis com resident 04/ 1/2011 RENT 000 1276 1276 1276 000 000 000 000 23400 000 0/0 7-106 Blackmon, Amy (626)200-6172 amypasadena@yahoo com resident 07/31/2010 RENT 000 2840 2840 2840 000 000 000 000 50000 000 0/0 7-112 Oakwood Corporate Housing, * (818) 942-3030 hbarra@oakwoodco m resident 03/ 3/2010 PMTCHECK (1,35911) 000 (1,35911) (1,35911) 000 000 000 000 50000 000 0/0 7-113 Brooks, Bobbie 04/ 1/2011 bobbiebrooks@sbcgl resident obalnet RENT 000 2,02500 2,02500 000 000 000 000 LATEFEE 000 20250 20250 000 000 000 000 1,10000 000 1/1 NSFFEE 000 2500 2500 000 000 000 000 PETFEE 000 3500 3500 000 000 000 000 ELEC 000 16914 16914 000 000 000 000 UTILITY 000 2887 2887 000 000 000 000 WATER 000 1525 1525 000 000 000 000 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 11 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF TRASH 000 1309 1309 000 000 000 000 GAS 000 944 944 000 000 000 000 SEWER 000 882 882 000 000 000 000 Subtotals: 000 2,53211 2,53211 2,53211 000 000 000 000 DEL Comment: Forwarding to attorney (12/17/2011;MBrock) 7-114 Oakwood Corporate 02/25/2005 Housing, * resident PMTCHECK (6843) 000 (6843) (6843) 000 000 000 000 40000 000 0/0 7-153 Communities, Episcopal Homes pbuchanan@episcopa lhomeog resident 07/ 8/2010 PMTCHECK (2,02451) 000 000 (2,02451) 000 000 000 PMTOPIRD (7,28729) 000 (7,28729) 000 000 000 000 Subtotals: (9,31180) 000 (9,31180) (7,28729) (2,02451) 000 000 000 13,50500 000 1/0 7-155 Tanning, Santoyo (626) 583-8400 hollystreet@sares-reg iscom resident 06/ 4/2010 RETAIL 000 1,77221 1,77221 1,77221 000 000 000 000 DEL Comment: Spoke to owner and she will have rent + Cam on Monday the 12th(12/09/2011;MBrock) 5,11176 000 10/1 7-205 Horning, Donald (574)386-6613 lisa9368@sbcglobaln et resident 12/ 8/2010 PMTOPACH (23874) 000 (23874) (23874) 000 000 000 000 50000 000 1/0 7-209 Kaufmann, Corey 12/17/2011 coreykaufman@gmai resident lcom TSFRFROM (40726) 000 (40726) (40726) 000 000 000 000 000 60000 0/0 7-211 Dabiri, Parvin 03/12/1994 (626) 577-1899 resident RENT 000 100 100 100 000 000 000 000 22700 000 0/0 7-216 Crockom, Darrell 08/ 6/2008 (626)379-2244 resident RENT 000 058 058 058 000 000 000 000 50000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 12 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 7-217 Shumilo, Gayane (626) 789-7442 stepan1917@gmailc om resident 01/ 5/2008 PMTCHECK (9810) 000 (9810) (9810) 000 000 000 000 60000 000 2/0 7-301 Vallee, Sebastien 06/27/2011 sebastien_valet@redl resident andsedu PMTCHECK (2,08500) 000 (2,08500) (2,08500) 000 000 000 000 60000 000 0/1 7-303 Elem, Evelyn 03/12/2005 (626) 584-0329 resident PMTOPACH (19500) 000 (19500) (19500) 000 000 000 000 50000 000 0/0 7-304 Yau, Arthur Chi (626) 744-0616 centroparts@gmailco m resident 04/ 8/2011 RENT 000 417 417 417 000 000 000 000 50000 000 0/0 7-306 Jones, Adriana 06/22/2001 (626) 375-0654 resident PMTCHECK (82800) 000 (82800) 000 000 000 000 PMTOPACH (15914) 000 (15914) 000 000 000 000 55000 000 2/0 Subtotals: (98714) 000 (98714) (98714) 000 000 000 000 7-307 Wells, Derek 07/ 3/2011 1hero@msncom resident RENT 000 16420 16420 16420 000 000 000 000 50000 000 2/1 DEL Comment: Sent balance due letter for late fee still owed(12/09/2011;mbrock) 7-308 Moss, Denise (626) 616-6017 dmtobs2008@yahoo com resident 04/10/2009 RENT 000 6000 6000 6000 000 000 000 000 60000 000 0/0 7-310 Morris, Michael 03/10/2011 mwmwdc@gmailcom resident PMTOPACH (29000) 000 (29000) (29000) 000 000 000 000 2,06400 000 0/0 7-312 Witt, Alberta 05/ 1/1994 (626) 304-0872 resident PMTCHECK (19800) 000 (19800) (19800) 000 000 000 000 17700 000 0/0 7-313 Teece, Daniel 06/19/2011 noemail@sares-regis resident com PMTOPACH (2,60000) 000 (2,60000) (2,60000) 000 000 000 000 60000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 13 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 7-314 Cleek, Elizabeth A 12/10/2011 ecleek@sbcglobalnet resident RENT 000 5000 5000 5000 000 000 000 000 50000 000 0/0 7-406 Marriott Execustay, * 06/10/2011 jonathanbutcher@ma resident rriottcom RENT 000 3282 3282 3282 000 000 000 000 50000 000 0/2 7-407 2-K Tek Business Solutions, * (626) 529-3416 2ktek@businesssoluti onscom resident 10/ 1/2010 PMTOPACH (016) 000 (016) (016) 000 000 000 000 1,67500 000 0/0 7-408 Carmody, Brian 09/ 8/2008 (760) 201-5981 resident PMTOPIRD (3,16928) 000 (3,16928) (3,16928) 000 000 000 000 60000 000 0/0 8-102 Hamer, Andrew Q 07/10/2011 hameraq@gmailcom resident PMTOPACH (31060) 000 (31060) 000 (31060) 000 000 000 1,20000 000 0/0 8-108 Morel, Jose Vidal 01/15/2011 (786) 303-5080 resident jae0579@gmailcom PARKING 000 7752 7752 7752 000 000 000 000 50000 000 0/0 8-205 Urgelles, Jennifer 09/ 2/2011 jennyu919@hotmailc resident om RENT 000 8450 8450 8450 000 000 000 000 60000 000 1/0 DEL Comment: Served 3 Day Notice(12/06/2011;MBrock) 8-206 Alvarez, Carlota Elena 07/ 7/2011 (626) 991-6740 resident elena_72@hotmailco PMTOPACH (712) 000 (712) (712) 000 000 000 000 50000 000 1/0 8-207 Burchfield, Ryan (310) 294-0938 ryanburchfield@chart ernet resident 09/22/2008 PMTOPACH (55548) 000 (55548) (55548) 000 000 000 000 1,50800 000 0/1 8-208 Newson, Deborah 10/ 4/1997 (626) 792-4680 resident PMTCHECK (1500) 000 (1500) (1500) 000 000 000 000 30000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 14 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 8-301 Meshkat, Leila 10/19/2002 lm9j@yahoocom resident PMTOPACH (1430) 000 (1430) (1430) 000 000 000 000 60000 000 6/0 8-305 Gil, Ivonne 08/ 5/2011 noemail@sares-regis resident com RENT 000 72899 72899 000 000 000 000 LATEFEE 000 7290 7290 000 000 000 000 1,24100 000 3/0 Subtotals: 000 80189 80189 80189 000 000 000 000 8-306 Marriott ExecuStay, * (626) 304-6400 Mariasflores@marrio ttcom resident 02/15/2011 RENT 000 14629 14629 14629 000 000 000 000 50000 000 0/1 8-307 Herlong, Dwight (626) 590-3152 dwightcherlong@kp org resident 10/15/2011 RENT 000 1,57900 1,57900 000 000 000 000 LATEFEE 000 15790 15790 000 000 000 000 TRASH 000 718 718 000 000 000 000 50000 000 1/0 WATER 000 579 579 000 000 000 000 UTILITY 000 387 387 000 000 000 000 GAS 000 359 359 000 000 000 000 SEWER 000 335 335 000 000 000 000 Subtotals: 000 1,76068 1,76068 1,76068 000 000 000 000 DEL Comment: Served 3 Day Notice(12/06/2011;MBrock) 8-408 Turner, Kimmie 03/21/1994 (626) 644-4801 resident RENT 000 5263 5263 5263 000 000 000 000 45000 000 17/0 DEL Comment: Served 3 Day Notice(12/06/2011;MBrock) 9-101 Reitz, Greg 03/26/2011 greitz@sares-regisco resident m WATER (1693) 000 (1693) 000 000 000 (1693) 000 000 000 0/0 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 15 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; Detail - 136 Account(s) 120080106 Unit Name Phone Number Email Status Move-In/ Out Code Description Total Prepaid Total Delinquent Net Balance 30 Days 60 Days 90+ Days Prorate Credits Deposits Held Outstanding Deposit # Late/ # NSF 9-104 Kushner, James 08/17/2004 (626) 793-7738 resident PMTOPACH (2,57400) 000 (2,57400) (2,57400) 000 000 000 000 50000 000 0/0 9-201 Duque, Sergio (917) 362-1000 duquestudios@aolco m resident 01/ 2/2010 RENT 000 903 903 903 000 000 000 000 1,00000 000 0/0 9-203 Kroger, Edward P 10/15/2010 (917) 509-2565 resident edkroger@maccom PMTOPACH (39655) 000 (39655) (39655) 000 000 000 000 60000 000 1/0 9-204 Brock, Misty 05/18/2011 mbrock@sares-regis resident com UTILITY 000 1774 1774 000 000 000 1774 000 000 000 0/0 9-301 Tobia, Jr, Stephen 07/13/2009 (818) 429-2479 resident sftobia@aolcom PMTOPIRD (524) 000 (524) (524) 000 000 000 000 60000 000 2/0 9-404 Griffith, Irene 07/ 1/2010 (832) 419-4162 resident PMTOPIRD (2,37668) 000 (2,37668) (1,80000) (57668) 000 000 000 60000 000 1/0 Sec 8 Adjustments, Section 11/19/2007 8 resident (949) 756-5959 PMTCHECK (90375) 000 (90375) (81400) 000 000 (8975) 000 000 000 0/0 Grand Totals: (42,16609) 13,00787 (29,15822) Resident Count: 86 50 ** Net Prepaid: Net Delinquent: (42,16609) 13,00787 (26,03685) (2,83243) 000 (28894) 58864 109,49276 48 1 0 1 * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 16 of 16 12/22/2011 3:32:42PM Parameters: Report Type: Details Subproperties: ALL Subjournals: ALL DELINQUENT AND PREPAID As of 12/20/2011 Statuses to include: Applicant,Approved applicant,former applicant,pending resident, resident,former resident; Include delinquencies that equal NTV Credit? Yes; Exclude transactions payable in arrears: No; Delinquency range 0 through 99999999; Aging Columns: Fiscal; Filter type: ALL; Summaries: Summary by Transaction Code Only; Show Prepaid As Allocated: No; Include outstanding deposits: No; ** These subtotals consist of transaction code level balances, and may not sum up to grand totals that equate to beginning/ending prepaid or delinquent balances that are subtotaled by resident ledger or subjournal, such as is done on the Resident Summary Balances report 120080106 Description Delinquent / Prepaid Account Beginning Prepaid Prepaid Change In Prepaid Summary By Transaction Code ** Beginning Delinquent Delinquent Change In Delinquent Beginning Balance Balance Change In Balance 30 Days 60 Days 90+ Days RENT 1212 000 000 000 14,72066 9,96536 (4,75530) 14,72066 9,96536 (4,75530) 9,96536 000 000 000 RETAIL 1212 000 000 000 5,13255 1,87996 (3,25259) 5,13255 1,87996 (3,25259) 1,87996 000 000 000 LATEFEE 1212 000 000 000 90959 66890 (24069) 90959 66890 (24069) 58954 7936 000 000 NSFFEE 1212 000 000 000 7500 2500 (5000) 7500 2500 (5000) 2500 000 000 000 KEYS/LOCKS 1212 000 000 000 13000 000 (13000) 13000 000 (13000) 000 000 000 000 APPFEE 1212 000 000 000 3500 7000 3500 3500 7000 3500 7000 000 000 000 PETFEE 1212 000 000 000 167 3500 3333 167 3500 3333 3500 000 000 000 ELEC 1212 000 000 000 000 16914 16914 000 16914 16914 16914 000 000 000 UTILITY 1212 000 000 000 3533 5048 1515 3533 5048 1515 3274 000 000 1774 WATER 1212 (1693) (1693) 000 5326 2104 (3222) 3633 411 (3222) 2104 000 000 (1693) TRASH 1212 000 000 000 5236 2027 (3209) 5236 2027 (3209) 2027 000 000 000 GAS 1212 000 000 000 3164 1303 (1861) 3164 1303 (1861) 1303 000 000 000 SEWER 1212 000 000 000 2510 1217 (1293) 2510 1217 (1293) 1217 000 000 000 PARKING 1212 000 000 000 25000 7752 (17248) 25000 7752 (17248) 7752 000 000 000 TSFRFROM 1213 000 (40726) (40726) 000 000 000 000 (40726) (40726) (40726) 000 000 000 PMTCHECK 1213 (14,82437) (14,96270) (13833) 000 000 000 (14,82437) (14,96270) (13833) (12,64844) (2,02451) 000 (28975) PMTOPACH 1213 (8,10425) (11,42011) (3,31586) 000 000 000 (8,10425) (11,42011) (3,31586) (11,10951) (31060) 000 000 PMTOPIRD 1213 (6,75271) (15,35909) (8,60638) 000 000 000 (6,75271) (15,35909) (8,60638) (14,78241) (57668) 000 000 (29,69826) (42,16609) (12,46783) 21,45216 13,00787 (8,44429) (8,24610) (29,15822) (20,91212) (26,03685) (2,83243) 000 (28894) * -- Resident is under eviction -- Balance due includes NSF transaction(s) Please refer to the appropriate ledger for more information -- Includes amounts that are 120+ days past due -- Cash basis charge codes: Income account will match the AR account ** -- The resident count total delinquent number is the number of unique residents that are delinquent It may not be equal to the sum of the current, 30, 60, and 90+ delinquencies

OneSite Rents v30 OneSite Reports - Holly Street Village Page 1 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End Cable Miscellanous Income 000 1,02800 1,02800 000 000 000 000 Walls, Angela Applicant 000 000 000 000 10000 000 10000 03/14/2002 05/17/2007 Candia, Alexander Applicant 000 000 000 000 10000 000 10000 04/03/2002 05/17/2007 Coxson, Michael Applicant 000 000 000 000 10000 000 10000 08/20/2004 05/17/2007 Farnoudi, Mary Applicant 000 000 000 000 10000 000 10000 04/30/2005 05/17/2007 Bungalow Income Miscellanous Income 000 1,04500 1,04500 000 000 000 000 Parking Meter Income Miscellanous Income 000 3,26050 3,26050 000 000 000 000 Salzman, Phyllis Applicant 000 000 000 000 10000 000 10000 06/30/2009 06/25/2010 Steel, Rebecca Elizabeth Applicant 000 000 000 000 10000 000 10000 07/24/2010 07/23/2011 Ling, Xiao Applicant 000 000 000 000 10000 000 10000 11/08/2010 05/07/2011 Kang-Choukroun, Iye Applicant 000 000 000 000 10000 000 10000 11/29/2010 10/25/2011 Martin, Denise Applicant (10000) 000 000 (10000) 000 000 000 07/01/2011 06/30/2012 Williams, Venise Applicant (10000) 000 000 (10000) 000 000 000 09/30/2011 09/29/2012 1-101 Baraskar, Amitkumar resident 1-102 Dickison, David resident 1-103 Stanley, Marquee resident 1-104 Manafi, Farideh resident 1-105 Kattan, Denise resident 1-106 Lareen, Naomi resident 1-107 Capulong, Danilo resident 000 1,73317 1,73317 000 50000 000 50000 000 1,63817 1,63817 000 50000 000 50000 000 1,56517 1,56517 000 50000 000 50000 (1000) 53800 53800 (1000) 50000 000 50000 000 2,06847 2,06847 000 60000 000 60000 (5600) 1,29300 1,30300 (6600) 60000 000 60000 000 1,78137 1,78137 000 90000 000 90000 08/04/2011 03/03/2012 03/13/2010 02/09/2012 07/07/2011 02/06/2012 07/25/2009 07/24/2010 09/12/2010 09/08/2012 09/26/2008 09/25/2009 10/09/2010 09/29/2012 1-108 Oakwood Corporate resident 10212 1,79837 2,35800 (45751) 1,10000 (60000) 50000 01/17/2011 01/16/2012 Housing, * 1-109 De Los Santos, Shauntelle resident 000 1,61837 1,61837 000 50000 000 50000 08/02/2011 07/27/2012 A 1-110 Mejia, Victor resident 1-111 Ziegler, Robie resident 1-112 Crile, Andrew resident 000 1,71537 1,71537 000 2,02500 000 2,02500 4729 1,56517 3,05000 (1,43754) 50000 000 50000 000 1,59317 1,59317 000 50000 000 50000 09/23/2011 09/22/2012 08/10/2011 08/04/2012 09/05/2010 03/06/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 2 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Unit Resident Name / SubJournal Status Beginning Balance Total Lease Charges Total Credits Ending Balance Deposits Balance Forward Deposits Net Change Ending Deposit Balance Move-In Date/Lease Begin Move-Out Date/Lease End 1-113 Espadas, Michelle resident 1-114 Broughton, Lois resident 1-115 Key Housing, * resident 1-116 Richardson, Brett resident 1-118 Corlew, Mike resident 1-167 II, M I G resident 1-171 Jones, Edward resident 1-201 Xue, Frances resident 1-202 Natalio, Davin resident 1-203 Abumostafa, Samar resident 1-204 Miller, Lisa resident 1-205 Gamelin, Michael resident 1-206 Yuan Zhong, Cui resident 1-207 Komanapalli, Joyce resident 1-208 McLaughlin, Dolores resident 1-209 Castillo, Israel resident 1-210 Stoskopf, Debra resident 1-211 Wright, William resident 1-212 Velazco, Ramon resident 1-213 Wilson, Jonathan resident 1-214 Elmer, Emily Former resident 1-215 Ramsey, Jeanette resident 1-216 Toda, Kevin resident 1-217 Sheikholeslami, Salar resident 1-218 Pitassi, Clare resident 1-219 Marriott Execustay, * resident 1-301 Treu, Jacqueline resident 211 1,56517 1,56813 (085) 50000 000 50000 000 1,04200 1,04200 000 71000 000 71000 000 2,39090 1,71679 67411 1,10000 000 1,10000 (2500) 1,72337 1,55000 14837 50000 000 50000 000 1,68137 1,68137 000 50000 000 50000 3,45975 3,35200 6,70400 10775 5,62000 000 5,62000 (63793) 2,14141 2,14141 (63793) 1,24000 000 1,24000 000 1,58917 1,58917 000 50000 000 50000 000 1,56517 1,56517 000 1,52500 000 1,52500 000 1,74017 1,74017 000 50000 000 50000 000 1,66375 1,66375 000 1,00000 000 1,00000 000 1,88547 1,88547 000 60000 000 60000 000 2,39647 2,39647 000 2,40500 000 2,40500 000 1,73337 1,73337 000 50000 000 50000 000 1,60136 1,56537 3599 1,52500 000 1,52500 000 1,64137 1,64137 000 40000 000 40000 000 1,79037 1,79037 000 50000 000 50000 000 1,56517 1,56517 000 50000 000 50000 26586 1,38515 1,49839 15262 1,44900 000 1,44900 000 1,84917 1,84917 000 50000 000 50000 000 1,09774 1,55585 (45811) 80000 000 80000 000 64100 64100 000 60000 000 60000 (16077) 1,56537 1,93637 (53177) 50000 000 50000 000 1,56517 1,56517 000 50000 000 50000 000 1,04200 1,04200 000 25200 000 25200 (2523) 1,69117 1,69117 (2523) 50000 000 50000 000 1,64833 1,64833 000 50000 000 50000 09/30/2011 10/01/2012 04/23/2002 04/30/2003 04/28/2011 07/27/2011 09/16/2011 06/15/2012 03/25/2011 03/13/2012 12/01/2001 07/31/2014 07/01/1998 05/31/2012 02/09/2011 02/04/2012 07/09/2011 07/03/2012 09/26/2009 09/12/2012 10/22/2011 10/16/2012 05/12/2011 04/29/2012 06/14/2007 01/10/2012 06/12/2008 05/29/2012 09/12/2011 09/11/2012 07/21/2004 02/25/2012 03/15/2008 05/26/2012 09/05/2011 03/10/2012 09/28/2010 10/06/2012 07/30/2008 01/06/2012 02/13/2010 12/20/2011 05/21/1994 08/31/2004 11/15/2010 11/12/2012 08/07/2011 08/06/2012 02/15/1996 10/31/2004 04/22/2011 04/22/2012 09/30/2011 10/01/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 3 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 1-302 Parikh, Ekta resident 1-303 Liebl, Eric resident 1-304 Ching, John resident 1-305 Browne, Pamela resident 1-306 Brown, Arlessie resident 1-307 Bechtel, Jon resident 1-308 Cook, Lory resident 1-309 Walia, Shalia resident 1-310 Rutherford, Ryan resident 1-311 Blake, Kelli resident 1-312 Chae, Wonha resident 1-313 Kamble, Sfurti A resident 1-314 Mak, Hester resident 000 1,58917 1,58917 000 50000 000 50000 000 2,09517 2,09517 000 40000 000 40000 1,92209 1,55137 3,63026 (15680) 50000 000 50000 000 1,30300 1,30300 000 55000 000 55000 (23080) 64100 64100 (23080) 55000 000 55000 000 1,54310 1,54310 000 50000 000 50000 (400) 53800 53800 (400) 50000 000 50000 000 1,56310 1,56310 000 50000 000 50000 000 1,58910 1,58910 000 1,52300 000 1,52300 000 1,57117 3,13717 (1,56600) 50000 000 50000 2510 1,70310 1,72820 000 50000 000 50000 000 1,66517 1,66517 000 50000 000 50000 000 1,57910 1,57910 000 50000 000 50000 08/29/2010 08/19/2012 01/21/2005 01/31/2006 04/08/2011 04/02/2012 09/06/2003 09/30/2004 09/17/1999 08/31/2004 04/01/2009 03/23/2012 02/08/2001 08/31/2004 09/08/2008 02/24/2010 02/14/2009 02/01/2012 07/23/2011 04/18/2012 08/20/2010 01/13/2012 02/21/2010 03/03/2012 09/07/2010 07/06/2012 1-315 Oakwood Corporate resident (5084) 2,24147 2,24147 (5084) 60000 000 60000 01/15/2009 01/02/2012 Housing, * 1-316 Alexander, Paula resident 1-317 Boyer, Calvin resident 1-318 Estrada, Wendy resident 1-319 Ogden, Jason resident 1-401 Smith, Krista resident 1-402 Cahill, Michael resident 1-403 Lee, Stephen W resident 1-404 Lu, Chungung resident 1-405 Wiggins, Stephanie resident 1-406 Dominguez, Henry resident 1-407 Baenen, Annie resident 1-408 Rasul, Shahla resident 1-409 Zasa, Robert Joseph resident 000 1,53210 1,53210 000 50000 000 50000 (92117) 2,29784 2,30000 (92333) 50000 000 50000 (003) 1,48610 1,48607 000 1,33700 000 1,33700 000 1,83584 1,83584 000 50000 000 50000 000 1,97084 1,97084 000 50000 000 50000 000 2,00484 2,00484 000 50000 000 50000 (5412) 1,90984 1,92000 (6428) 50000 000 50000 000 1,90484 1,90484 000 50000 000 50000 000 2,47519 2,47519 000 60000 000 60000 000 2,51019 2,51019 000 60000 000 60000 000 1,61910 1,61910 000 50000 000 50000 000 1,51510 1,51510 000 50000 000 50000 000 2,00487 1,82797 17690 000 50000 50000 03/03/2010 02/22/2012 02/15/2007 02/06/2012 08/28/2010 09/25/2012 01/30/2011 02/01/2012 07/01/2011 06/25/2012 08/30/2011 02/26/2012 05/15/2010 05/09/2012 02/01/2010 01/28/2012 04/18/2009 04/04/2012 01/15/2011 01/10/2012 06/08/2011 06/02/2012 08/10/2011 08/04/2012 11/30/2011 06/29/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 4 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Unit Resident Name / SubJournal Status Beginning Balance Total Lease Charges Total Credits Ending Balance Deposits Balance Forward Deposits Net Change Ending Deposit Balance Move-In Date/Lease Begin Move-Out Date/Lease End 1-410 Yu, Jimi resident 1-411 Wagar, Bruce A resident 1-412 Son, Miyoung resident 1-413 Tosaya, Dinah resident 1-414 Schiller, Noelle resident 1-415 Warnock, Janae Former resident 1-415 Sifling, Jayme L resident 1-416 Monty, Antoinette resident 1-418 Ge, Ling resident 2-101 Plaid, Cheyvee resident 2-102 Suite, Hospitality Guest resident 2-103 Xula, Sergio resident 2-105 Rodriguez, Gabriel resident 2-106 Marriott Execustay, * Former resident 2-106 Almond, Whitney Applicant 2-107 Yi, Evan Seung resident 2-108 Vashi, Ashish resident 2-201 Pitic, Aldin resident 2-202 Jeon, Sang B resident 2-203 Haines, Mark resident 2-204 Crookshanks, Clark resident 2-205 Jukes, Stephanie resident 2-206 French, Ashley resident 2-207 Youngblood, Betty resident 2-208 Senkandwa, Harriet resident 2-301 Patel, Rajen resident 2-302 Reynolds, Laura resident 000 1,63810 1,63810 000 80000 000 80000 000 2,02584 2,02584 000 80000 000 80000 000 1,79745 1,79745 000 1,60000 000 1,60000 000 1,91084 1,91084 000 50000 000 50000 (603) 1,48610 1,48007 000 1,45000 000 1,45000 000 50464 50464 000 60000 (60000) 000 000 1,17081 1,29600 (12519) 13500 46500 60000 (16114) 1,04200 1,04400 (16314) 50000 000 50000 (2135) 1,54410 1,52275 000 1,50800 000 1,50800 (4080) 64100 60000 020 1,23000 000 1,23000 000 1,53145 1,53145 000 000 000 000 000 1,76417 1,76417 000 50000 000 50000 000 53800 53800 000 1,03800 000 1,03800 6483 1,52719 1,59202 000 60000 (60000) 000 000 3500 000 3500 000 000 000 (23208) 1,63017 1,68000 (28191) 50000 000 50000 000 2,36547 2,36547 000 60000 000 60000 000 2,13157 2,13157 000 60000 000 60000 000 2,10285 2,10285 000 60000 000 60000 000 2,22584 2,22584 000 50000 000 50000 000 2,01643 2,01643 000 60000 000 60000 000 79677 000 79677 000 000 000 000 2,17047 2,17047 000 1,10000 000 1,10000 (29570) 1,03700 1,04000 (29870) 17100 000 17100 (35773) 1,30300 1,30300 (35773) 1,26900 000 1,26900 000 2,93045 2,93045 000 90000 000 90000 000 1,95647 1,95647 000 60000 000 60000 04/02/2010 03/23/2012 08/01/2008 07/07/2012 05/01/2009 12/29/2011 02/28/2009 05/19/2012 02/19/2011 02/18/2012 03/23/2010 11/30/2011 12/15/2011 12/09/2012 01/31/2011 01/30/2012 08/25/2011 08/19/2012 08/30/2009 08/29/2010 12/07/2011 12/01/2012 07/01/2010 06/30/2011 11/06/2010 11/05/2011 06/15/2011 12/12/2011 12/21/2011 07/18/2012 07/23/2010 08/12/2012 04/03/2009 11/11/2010 10/29/2011 10/28/2012 12/24/2010 12/23/2011 11/08/2008 01/23/2012 10/11/2011 09/28/2012 12/19/2011 12/18/2012 07/23/2011 07/17/2012 09/01/1994 08/31/1997 07/28/2007 07/31/2008 01/14/2001 07/31/2004 06/10/2011 05/28/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 5 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Unit Resident Name / SubJournal Status Beginning Balance Total Lease Charges Total Credits Ending Balance Deposits Balance Forward Deposits Net Change Ending Deposit Balance Move-In Date/Lease Begin Move-Out Date/Lease End 2-304 Hafen, Landon resident 2-306 Martinez, Christy resident 2-307 Phadtare, Parag resident 2-308 O`Laughlin, Erin resident 2-401 Pickens, LaDonne resident 2-402 Goodchild, David resident 2-404 Zacny, Kris resident 2-406 Sanchez, Vanessa Former resident 2-406 Johnson, Charles resident 2-407 Meverden, Ashley resident 2-408 Dinh, Tinny resident 3-101 Ware, Elisa resident 3-102 Scott, Angela M resident 3-103 Rios, Jose resident 3-104 Hargrove, Charlene D resident 3-105 Kang, Youn Sik resident 3-106 Marriott-Execustay, * Former resident 3-107 Crockom, Latonia resident 3-108 Hamilton, Dawn Former resident 3-108 Xu, Lin resident 3-201 Dobbert, Christopher resident 3-202 Cabral, Guillermo resident 3-203 Samsami, Hedayat resident 3-204 Franchi, Claudia Former resident 3-204 Hernandez, Adrian resident 3-206 Gailen, Carol resident 3-207 Wiener, Daniel K resident 000 2,88847 2,80911 7936 60000 000 60000 000 73010 70500 2510 1,24100 000 1,24100 000 1,11727 1,17127 (5400) 50000 000 50000 (2500) 1,97847 1,95347 000 60000 000 60000 (3336) 64100 64100 (3336) 60000 000 60000 10592 2,42219 2,52811 000 90000 000 90000 000 2,36819 2,36819 000 60000 000 60000 (4885) 000 (4885) 000 000 000 000 000 2,41319 2,41319 000 60000 000 60000 (10000) 2,05659 1,95659 000 50000 000 50000 000 2,36919 2,36919 000 60000 000 60000 6368 1,35587 1,29300 12655 28900 000 28900 000 2,38645 2,38645 000 60000 000 60000 100 73600 73500 200 55000 000 55000 000 68300 68300 000 1,32900 000 1,32900 000 2,04447 2,04447 000 60000 000 60000 (13809) 1,32864 1,19055 000 50000 (50000) 000 000 64100 64100 000 1,23000 000 1,23000 12488 (12488) 000 000 000 000 000 000 1,65272 1,65272 000 1,57000 000 1,57000 000 1,83500 1,83500 000 60000 000 60000 000 2,23400 2,23400 000 000 000 000 (17000) 64100 64100 (17000) 50000 000 50000 11660 49453 61113 000 1,00000 (1,00000) 000 (1,78950) 2,08560 39610 (10000) 50000 1,23800 1,73800 000 1,76484 1,76484 000 50000 000 50000 000 1,96447 1,96447 000 60000 000 60000 09/07/2011 09/01/2012 06/11/2011 06/10/2012 08/23/2011 12/21/2011 09/16/2011 09/10/2012 04/16/2011 04/10/2012 02/06/2010 01/01/2012 07/03/2010 06/27/2012 08/27/2010 08/26/2011 09/16/2011 09/10/2012 10/13/2011 10/07/2012 07/13/2010 07/07/2012 12/01/1994 11/30/1997 10/19/2010 10/14/2011 07/18/2001 08/31/2004 04/24/2010 04/23/2011 09/17/2009 09/07/2012 04/15/2011 12/18/2011 07/12/2009 07/11/2010 07/26/2009 08/06/2011 10/21/2011 10/08/2012 11/19/2011 11/13/2012 05/21/1999 12/31/2011 10/27/2005 10/31/2006 11/21/2009 11/18/2011 11/25/2011 11/19/2012 08/11/2010 08/01/2012 09/01/2011 08/19/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 6 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Unit Resident Name / SubJournal Status Beginning Balance Total Lease Charges Total Credits Ending Balance Deposits Balance Forward Deposits Net Change Ending Deposit Balance Move-In Date/Lease Begin Move-Out Date/Lease End 3-208 Allen, Robert resident 3-301 Comstock, Leslie resident 3-302 Gillett, Paul resident 3-303 Farkas, Michael resident 3-305 Purves, Josh resident 3-307 Jenkins, William resident 3-308 Gichuhi, Grace resident 3-401 Strametz, Laura resident 3-402 Hess, Robert resident 3-403 Luke, Janett resident 3-405 Han, Younsik resident 3-407 Vana, Allison resident 3-408 Schwartz, Jennifer resident 4-101 Thomas, Monique resident 4-102 Burrows, Keith resident 4-103 Dandino, Elizabeth resident 4-104 De Silva, Ravi resident 4-105 Daryaie, Shahindokh resident 4-106 Lee, Aaron resident 4-107 Cunningham, Melissa resident 4-108 Heath, Brandon resident 4-109 Menezes, Gustavo resident 4-110 Estillore, Arthur resident 4-111 Bradford, Eddie resident 4-112 Austin, Talea Jaclyn resident 4-113 Sanchez, Blanca M resident 4-114 Richardson, Victoria resident 000 1,03700 1,03700 000 33400 000 33400 (29600) 2,21647 1,92047 000 60000 000 60000 000 2,42745 2,42745 000 50000 000 50000 000 2,01447 2,01447 000 60000 000 60000 000 2,03447 2,03447 000 90000 000 90000 000 1,30300 1,30300 000 50000 000 50000 (012) 1,54917 1,55000 (095) 50000 000 50000 000 2,37819 2,37819 000 60000 000 60000 000 3,45446 3,45446 000 60000 000 60000 (4450) 1,29300 1,29300 (4450) 50000 000 50000 000 2,22019 2,22019 000 60000 000 60000 000 2,43719 2,43719 000 60000 000 60000 833 2,13084 2,13917 000 40000 000 40000 056 59180 59100 136 50000 000 50000 000 64100 64100 000 60000 000 60000 000 53800 53800 000 50000 000 50000 000 1,64417 1,64417 000 1,95800 000 1,95800 (600) 1,04200 1,04200 (600) 50000 000 50000 000 1,58237 1,58237 000 50000 000 50000 000 1,68017 1,68017 000 80000 000 80000 000 1,64517 1,64517 000 1,00000 000 1,00000 000 1,60517 1,60517 000 50000 000 50000 000 2,57347 2,57347 000 60000 000 60000 000 71600 71600 000 50000 000 50000 000 2,19847 2,19847 000 1,10000 000 1,10000 (50825) 1,29300 1,29300 (50825) 90200 000 90200 000 64100 64100 000 1,16400 000 1,16400 12/01/1994 11/30/1995 01/29/2010 07/24/2011 03/19/2005 06/12/2012 09/13/2011 09/07/2012 06/15/2009 05/25/2012 07/22/2005 07/31/2006 01/29/2011 01/17/2012 09/05/2008 08/31/2012 09/26/2008 09/17/2011 02/01/2005 01/31/2006 02/27/2011 01/30/2012 06/20/2008 06/08/2012 02/18/2006 09/03/2012 12/29/2009 12/28/2010 03/12/2000 01/31/2005 06/24/2006 06/30/2007 04/15/2010 04/29/2012 06/27/2003 10/31/2004 08/01/2011 07/26/2012 05/30/2009 05/20/2012 09/16/2011 09/17/2012 03/20/2009 09/07/2012 08/18/2007 02/02/2012 04/29/2001 08/31/2004 11/10/2010 10/31/2012 11/21/2007 11/22/2008 08/15/2007 08/19/2008

OneSite Rents v30 OneSite Reports - Holly Street Village Page 7 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 4-115 Blount, David resident 4-116 Bye, Larry resident 4-117 Coulter, Patricia resident 4-201 Marquardt, Joel resident 4-202 Reese, Magda resident 4-203 Cox, Corey resident 4-204 Marriott Execustay, * resident 4-205 Gonzalez, Juan resident (3390) 1,56517 1,53127 000 50000 000 50000 000 2,12945 2,12945 000 60000 000 60000 000 2,28445 2,28445 000 60000 000 60000 (114) 1,79117 1,79003 000 50000 000 50000 000 1,88547 1,88547 000 60000 000 60000 000 1,56517 1,60000 (3483) 1,52500 000 1,52500 12024 1,76891 1,77494 11421 50000 000 50000 000 1,58762 1,58800 (038) 1,52900 000 1,52900 07/07/2011 07/01/2012 04/18/2009 08/22/2012 07/15/2011 07/09/2012 12/01/2008 11/11/2012 03/31/2011 03/30/2012 07/16/2011 07/17/2012 05/02/2011 12/21/2011 10/17/2011 10/04/2012 4-206 Fitzgerald, Katherine resident 000 1,61537 1,61537 000 1,00000 000 1,00000 08/07/2011 07/26/2012 Anne 4-207 Simonsen, Austen resident 4-208 Iturbe, Nicole Former resident 000 1,57661 1,52500 5161 1,52500 000 1,52500 (46247) 44523 (1724) 000 50000 (50000) 000 10/22/2011 10/21/2012 11/28/2010 11/22/2011 4-208 Oakwood Corporate resident 000 1,04852 1,04852 000 000 50000 50000 12/15/2011 03/14/2012 Housing, * 4-209 Salehi, Masoud resident 4-210 Knox, Barsha resident 4-211 Talancon, Jose Luis Former resident 4-212 Morgan, Shaunda resident 4-213 Garcia, Bridget resident 4-215 Guy, Lillian resident 4-216 Bentley, Marjorie resident 4-217 Sedmak, Nicole resident 4-301 Delevi, Rakel resident 4-302 Ford, Barbara resident 4-303 Tuble, Sigrid resident 4-304 Vaghei, Minoo Former applicant 4-304 Large, Adrienne resident 4-305 Young, Brian resident 000 1,69617 1,69617 000 50000 000 50000 (45794) 1,30300 1,18900 (34394) 87300 000 87300 8023 37061 45084 000 60000 (60000) 000 (15775) 64100 49000 (675) 60000 000 60000 000 2,16347 2,16347 000 1,00000 000 1,00000 000 1,13700 1,13700 000 50000 000 50000 (44200) 67600 67600 (44200) 55000 000 55000 000 2,18345 2,18345 000 1,10000 000 1,10000 000 1,56017 1,56017 000 50000 000 50000 (17617) 1,36800 1,36700 (17517) 27100 000 27100 000 1,57517 1,57517 000 1,53500 000 1,53500 (3500) 000 (3500) 000 000 000 000 (391) 53800 57500 (4091) 1,03800 000 1,03800 000 1,63317 1,63317 000 50000 000 50000 08/29/2011 02/18/2012 08/30/2011 08/29/2012 11/03/2009 11/22/2011 02/05/2011 02/04/2012 09/20/2010 03/21/2012 07/05/2008 07/04/2009 09/22/1996 08/31/2004 06/21/2011 06/20/2012 05/31/2009 05/17/2012 06/01/2010 05/31/2011 09/12/2011 08/30/2012 07/20/2011 07/19/2012 08/03/2011 08/02/2012 08/21/2010 08/11/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 8 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 4-306 Firoozy, Molouk resident (100) 1,04200 1,04300 (200) 22100 000 22100 08/01/1994 10/31/2004 4-307 Simmons, Jonathan resident 000 1,57417 1,57417 000 50000 000 50000 10/01/2010 09/28/2012 Wesley 4-308 Regency Corporate resident 000 1,74687 1,73300 1387 50000 000 50000 11/11/2011 11/10/2012 Living, * 4-309 Daykin, Victor Former resident 4-310 Guerrero, Mellissa resident 4-311 Zhang, Erin Shengi resident 4-312 Goudeau, Julia resident 4-313 Diaz, Lenor resident 4-314 Stewart, Gloria resident 4-315 Donnell, Brian resident 4-316 Vora, Shruti resident 4-317 Wakatsuki, Takeru resident 4-401 Jackson, Nathanael resident 4-402 Hamilton, Ashley G resident 4-403 Towns, Jeneal resident 4-404 Birnbaum, Ben resident 4-405 Moravcik, Eva resident 4-406 Fischer, Tara resident 4-407 Carlson, Stephanie resident 4-408 Lemoi, Alpherie resident 4-409 Donsbach, Paul resident 4-410 Hamilton, Dawn resident (1,17912) 1,68250 50338 000 50000 (50000) 000 (11558) 2,25847 2,28000 (13711) 90000 000 90000 000 2,20347 2,20347 000 1,10000 000 1,10000 (6106) 73600 74100 (6606) 1,02300 000 1,02300 000 64100 64100 000 60000 000 60000 000 2,03347 2,03347 000 1,10000 000 1,10000 000 1,55017 1,55017 000 50000 000 50000 000 2,08245 2,11745 (3500) 60000 000 60000 000 1,95145 1,95145 000 1,89900 000 1,89900 6163 1,89484 1,95647 000 50000 000 50000 000 2,15187 2,15187 000 2,13800 000 2,13800 (300) 1,03700 1,03700 (300) 28500 000 28500 000 1,72084 1,72084 000 50000 000 50000 000 1,82593 1,82593 000 50000 000 50000 000 1,80403 1,80403 000 50000 000 50000 11490 2,25384 2,40000 (3126) 1,00000 000 1,00000 000 1,76105 1,76105 000 1,00000 000 1,00000 000 2,09284 2,09284 000 1,00000 000 1,00000 (001) 2,19219 2,19218 000 1,10000 000 1,10000 12/08/2010 12/18/2011 03/15/2010 03/03/2012 02/19/2011 02/18/2012 11/29/2003 11/30/2004 07/18/2009 07/17/2010 08/26/2010 08/09/2012 01/16/2010 04/07/2012 07/18/2011 07/18/2012 05/13/2011 05/12/2012 12/04/2010 05/28/2012 11/07/2011 11/01/2012 09/01/2010 08/31/2011 02/13/2011 02/08/2012 10/01/2011 09/25/2012 07/27/2011 07/21/2012 06/01/2011 11/21/2011 10/23/2011 10/17/2012 09/03/2011 08/28/2012 08/06/2011 08/05/2012 4-411 Dayabhai-Jairambhai, resident 000 2,51019 2,51019 000 60000 000 60000 01/21/2011 01/20/2012 Punam 4-412 Winans, Kelly resident 4-413 Thompson, Sharon resident 4-414 Forteza, Evelyn resident 000 2,28119 2,28119 000 90000 000 90000 (065) 64100 64100 (065) 50000 000 50000 000 2,54917 2,54917 000 10000 2,08500 2,18500 08/01/2010 07/15/2012 07/12/2003 08/31/2004 11/26/2011 11/25/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 9 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 4-415 Mesmer, Ethan resident 4-416 Castillo, Edilzar resident 4-417 Nakayama, Satoshi resident 5-101 Mac Dougall, Derek resident 5-102 Gris, Angela resident 5-103 Offutt, Tressa resident 5-104 Van Der Touw, Renee resident 5-105 Cerny, Lindsey resident 000 2,48971 2,37500 11471 40000 000 40000 000 2,51546 2,41546 10000 60000 000 60000 000 2,53546 2,53546 000 60000 000 60000 000 2,24745 2,24745 000 60000 000 60000 000 2,07287 2,07287 000 2,05900 000 2,05900 (18294) 1,30300 1,30300 (18294) 60000 000 60000 (16037) 1,74017 2,02317 (44337) 50000 000 50000 000 2,20047 2,20048 (001) 1,10000 000 1,10000 11/18/2004 12/19/2011 04/22/2011 04/21/2012 07/24/2010 07/14/2012 05/29/2010 10/14/2012 11/04/2011 11/03/2012 08/30/2011 08/29/2012 03/29/2010 05/12/2012 07/25/2011 01/21/2012 5-106 Zillgitt, Margaret resident 000 58300 58300 000 40000 000 40000 09/01/2005 08/31/2006 (Stephanie) 5-107 Riesen, Anne-Jose resident 5-108 Haber, Mark resident 5-201 Graves, Jason resident 5-202 Ward, Saraan resident 5-203 PC Housing, * resident 5-204 Kamali, Roza resident 5-206 Jones, Robert resident 5-207 Eiler, Janis resident 5-208 Havel, Timothy resident 5-301 Fagundes, David resident 5-302 Ortiz, Maria resident 000 2,25047 2,25047 000 50000 000 50000 (26500) 1,30300 1,30300 (26500) 79600 000 79600 (4294) 2,20345 2,16054 (003) 1,40000 000 1,40000 (100) 64100 64100 (100) 60000 000 60000 24201 2,17973 2,04500 37674 60000 000 60000 (001) 1,04200 1,04200 (001) 50000 000 50000 (5409) 1,83517 1,78108 000 50000 000 50000 000 2,25547 2,04547 21000 90000 000 90000 000 1,89547 1,89547 000 60000 000 60000 (32262) 2,02545 2,00000 (29717) 60000 000 60000 000 2,17045 2,17045 000 1,10000 000 1,10000 05/25/2004 10/14/2012 08/23/2005 08/31/2006 12/01/2009 11/21/2012 10/26/2006 10/31/2007 06/15/2011 06/14/2012 08/07/2010 07/31/2011 01/10/2010 06/24/2012 06/06/2009 05/24/2012 06/07/2011 06/06/2012 11/29/2009 05/23/2012 05/21/2010 05/11/2012 5-303 Oakwood Corporate Former resident 92860 28880 1,21740 000 60000 (60000) 000 01/23/2010 11/25/2011 Housing, * 5-303 Country, Cross resident 5-304 Ehrlich, Anne resident 5-305 Latip, Jessica resident 5-306 Hoshino, Takuya resident 5-307 Ramos, Mario resident 000 1,52865 1,52865 000 000 60000 60000 000 1,96417 1,96417 000 65000 000 65000 000 2,01347 2,01347 000 60000 000 60000 000 1,70017 1,70017 000 1,44900 000 1,44900 400 1,30300 1,30300 400 60000 000 60000 12/10/2011 03/09/2012 06/24/2005 06/13/2012 02/12/2011 08/22/2012 07/19/2010 01/04/2012 07/31/2009 07/30/2010

OneSite Rents v30 OneSite Reports - Holly Street Village Page 10 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 5-308 Koike, Shinya resident 5-401 Bilovsky, Paula resident 000 2,19447 2,19447 000 2,06500 000 2,06500 000 2,09445 2,09445 000 60000 000 60000 06/28/2010 06/22/2012 05/01/2011 04/25/2012 5-402 CSDS AIRCRAFT SALES resident 6988 2,40746 2,35000 12734 60000 000 60000 03/11/2011 03/10/2012 LEASING I, Ben 5-403 Spragg, Melissa resident 5-404 Hughes, Jeremy resident 5-405 Liwanag, Allen resident 5-406 Dubois, Tammy Ann resident 5-407 Loo, Paul resident 5-408 Kernstine, Kendal Former applicant 5-408 Sci Live, Inc, * resident 6-101 Kearney, Ellyn P resident 6-102 Marchionda, Frankie resident 6-103 Taylor-Wheat, Madeline resident 6-104 Ice Energy, * resident 6-105 Hadley, Amber resident 6-106 Glick, Britney Former resident 6-107 Barber, LaToya resident 6-108 Miller, Jennifer Applicant 6-201 Irizarry, Yvette resident 6-202 Soudjian, Ara resident 6-203 Ng, Airin resident 6-204 Syed, Asad resident 6-205 Pozo, Ruth resident 6-206 Oakwood, * resident 6-207 Kong, Nancy resident 6-208 Orozco, Rafael resident 6-301 Teta, Rosemary resident 21330 2,23204 2,41849 2685 1,10000 000 1,10000 000 1,72187 1,72187 000 50000 000 50000 000 2,27924 2,27924 000 60000 000 60000 000 2,03084 2,03084 000 50000 000 50000 000 64100 1,28200 (64100) 50000 000 50000 3500 10000 13500 000 000 000 000 000 2,24006 2,57006 (33000) 000 60000 60000 (600) 1,30300 1,30300 (600) 40200 000 40200 000 2,67745 2,70000 (2255) 50000 000 50000 387 1,04200 1,04200 387 50000 000 50000 000 2,07947 2,07947 000 60000 000 60000 3241 53800 54158 2883 1,03800 000 1,03800 000 2,73242 2,73242 000 60000 (60000) 000 000 1,88547 1,88547 000 60000 000 60000 000 3500 000 3500 000 000 000 000 2,68800 2,68800 000 10000 50000 60000 000 1,88745 1,88745 000 60000 000 60000 000 1,61517 1,61517 000 2,07500 000 2,07500 000 2,15647 2,15647 000 60000 000 60000 000 1,04200 1,04200 000 50000 000 50000 25496 2,76301 2,42600 59197 60000 000 60000 6074 1,97047 1,92000 11121 60000 000 60000 000 2,08047 2,08047 000 1,92900 000 1,92900 5000 1,83745 1,88745 000 29900 000 29900 05/25/2011 05/19/2012 11/12/2011 10/30/2012 07/31/2011 07/25/2012 09/18/2010 09/08/2012 09/15/2003 09/30/2004 11/28/2011 11/15/2012 12/08/2011 02/29/2012 10/30/1994 09/30/1997 05/16/2005 05/01/2012 04/01/2011 03/31/2012 07/12/2011 07/11/2012 03/30/2011 03/29/2012 10/13/2011 12/17/2011 04/18/2011 04/17/2012 01/25/2012 01/19/2013 11/21/2011 11/15/2012 05/01/2009 01/23/2012 07/10/2011 07/11/2012 06/26/2011 06/27/2012 05/06/2002 05/31/2003 07/07/2011 09/30/2012 08/24/2011 08/18/2012 03/07/2008 02/18/2012 04/09/2011 03/27/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 11 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 6-302 Williams, Wynter resident 6-303 Stiles, Noelle resident 6-304 Wilson, Toni resident 6-305 Scheinhorn, David resident 6-306 Lal, Shalini resident 6-307 Morawiec, Amy resident 6-308 Knowlton, Katherine resident 6-401 Santamaria, Diane resident 6-402 Magarian, Shirley resident 6-403 Jackson, Timothy resident 6-404 Lewis, James resident 6-405 Reising, Breanna resident 6-406 Schafer, Scott resident 6-407 Robert Franklin resident 6-408 Sumarli, Dominic resident 7-101 Cao, Shihong Former resident 7-102 Wang, Jingyaun resident 7-103 Flores, Marlene resident 7-104 Rundall, Yang resident 7-105 Elsberry, Mary resident 7-106 Blackmon, Amy resident 7-107 Martinez, Robert G resident 7-108 Kockler, Jennifer resident 7-110 Kushwaha, Arjun resident 7-111 Gearhart, Jonathan Former resident 5,17200 1,29300 5,48400 98100 60000 000 60000 000 1,75517 1,75517 000 50000 000 50000 (34728) 64100 73100 (43728) 60000 000 60000 000 1,90117 1,90117 000 50000 000 50000 14605 2,03947 2,03947 14605 60000 000 60000 000 2,01147 2,01147 000 60000 000 60000 000 2,07847 2,07847 000 60000 000 60000 000 2,00746 2,00746 000 1,10000 000 1,10000 021 2,38045 2,38066 000 60000 000 60000 (84212) 2,46541 1,62329 000 50000 000 50000 000 2,46749 2,46749 000 60000 000 60000 000 2,19284 2,19284 000 50000 000 50000 (7187) 2,66719 2,59532 000 1,10000 000 1,10000 000 2,66519 2,66519 000 90000 000 90000 000 2,35290 2,51141 (15851) 60000 000 60000 000 7,35633 7,35633 000 60000 (60000) 000 000 2,15313 2,15313 000 2,10000 000 2,10000 (89500) 1,30300 1,05000 (64200) 60000 000 60000 (33594) 1,56517 1,50100 (27177) 50000 000 50000 1276 1,04200 1,04200 1276 23400 000 23400 2840 53800 53800 2840 50000 000 50000 000 1,66217 1,66217 000 50000 000 50000 000 2,45613 2,45613 000 60000 000 60000 000 2,63113 2,63113 000 60000 000 60000 000 1,03857 1,03857 000 50000 (50000) 000 05/01/2009 04/30/2010 08/18/2009 08/08/2012 04/01/2011 03/31/2012 04/30/2008 04/12/2012 05/21/2011 05/15/2012 09/16/2011 09/17/2012 09/09/2011 08/27/2012 01/25/2011 01/20/2012 09/08/2009 08/30/2011 01/18/2009 07/10/2010 06/18/2011 06/05/2012 07/31/2011 04/20/2012 03/08/2009 05/08/2012 08/19/2002 10/14/2012 12/18/2010 06/15/2012 10/06/2011 12/19/2011 09/30/2011 09/29/2012 08/11/2006 08/31/2007 07/06/2011 07/05/2012 04/01/2011 03/31/2012 07/31/2010 07/30/2011 09/10/2009 08/31/2012 05/01/2008 04/13/2012 06/28/2008 06/10/2012 12/07/2009 12/08/2011 7-112 Oakwood Corporate resident (1,25911) 1,64917 1,74917 (1,35911) 50000 000 50000 03/03/2010 02/22/2012 Housing, * 7-113 Brooks, Bobbie resident 000 2,53211 000 2,53211 1,10000 000 1,10000 04/01/2011 03/19/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 12 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 7-114 Oakwood Corporate resident (6843) 1,90817 1,90817 (6843) 40000 000 40000 02/25/2005 04/12/2012 Housing, * 7-115 Hackett, Nicole Former resident 7-116 Sibois, Aurore resident 7-117 Zacharias, Brian resident 7-118 Hobbie, Suzanne resident (067) 33223 33156 000 000 000 000 000 2,30980 2,30980 000 10000 1,80400 1,90400 000 2,21547 2,21547 000 60000 000 60000 000 1,95747 1,95747 000 60000 000 60000 07/19/2011 12/06/2011 11/25/2011 11/19/2012 07/31/2010 07/30/2011 04/20/2011 04/19/2012 7-153 Communities, Episcopal resident (9,31180) 7,28729 7,28729 (9,31180) 13,50500 000 13,50500 07/08/2010 02/07/2012 Homes 7-155 Tanning, Santoyo resident 7-201 Erner, Berk resident 7-202 Model, Model resident 7-203 Smith, Robert resident 7-204 Manukyan, Gegham resident 7-205 Horning, Donald resident 7-206 Macazana, Carmen Cecilia resident 7-207 Model, One bedroom resident 7-208 Marshall, Robert resident 7-209 Kaufmann, Corey resident 7-210 Wilson, John resident 7-211 Dabiri, Parvin resident 7-212 Garcia, David resident 7-213 Shah, Ashish resident 7-214 Peter, Julia resident 7-215 Bautista, Judy resident 7-216 Crockom, Darrell resident 7-217 Shumilo, Gayane resident 7-218 Kudo, Makoto Former resident 7-301 Vallee, Sebastien resident 1,84040 5,18010 5,24829 1,77221 5,11176 000 5,11176 000 2,10547 2,10547 000 60000 000 60000 000 2,18300 2,18300 000 000 000 000 000 2,42747 2,42747 000 60000 000 60000 000 1,64017 1,64017 000 50000 000 50000 12350 1,85643 2,21867 (23874) 50000 000 50000 000 1,63617 1,63617 000 50000 000 50000 000 1,54200 1,54200 000 000 000 000 000 2,46255 2,46255 000 60000 000 60000 000 1,01613 1,42339 (40726) 000 000 000 000 64100 64100 000 55000 000 55000 100 1,04200 1,04200 100 22700 000 22700 000 1,64217 1,64217 000 50000 000 50000 000 1,94243 1,94243 000 60000 000 60000 000 1,61817 1,61817 000 50000 000 50000 000 2,56047 2,56047 000 50000 000 50000 058 53800 53800 058 50000 000 50000 (9810) 1,30300 1,30300 (9810) 60000 000 60000 000 4,84845 4,84845 000 60000 (60000) 000 (001) 2,07547 4,16046 (2,08500) 60000 000 60000 06/04/2010 06/03/2012 08/25/2009 08/18/2012 03/25/2004 12/31/2011 01/07/2011 01/06/2012 10/15/2009 09/18/2012 12/08/2010 05/14/2012 11/26/2010 11/16/2012 04/23/2010 12/31/2011 09/12/2011 02/11/2012 12/17/2011 12/11/2012 05/12/1994 08/31/2004 03/12/1994 10/31/2004 09/19/2011 09/20/2012 10/09/2011 09/26/2012 05/05/2009 01/23/2012 03/08/2006 03/14/2012 08/06/2008 08/05/2009 01/05/2008 01/04/2009 04/09/2011 12/11/2011 06/27/2011 06/21/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 13 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 7-302 Dial, Mark resident 7-303 Elem, Evelyn resident 7-304 Yau, Arthur Chi resident 7-305 Yagjian, Cora resident 7-306 Jones, Adriana resident 7-307 Wells, Derek resident 7-308 Moss, Denise resident 7-309 Ng, Tzu Ming resident 7-310 Morris, Michael resident 7-311 Tracas, Michael resident 7-312 Witt, Alberta resident 7-313 Teece, Daniel resident 7-314 Holly Street, Village Former resident 7-314 Cleek, Elizabeth A resident 7-315 Doyle, Melissa resident 7-316 Seubert, Carl R resident 7-317 Zamani, Nahid resident 7-318 Clavecilla, Christine resident 7-401 Greenberg, Peter resident 7-402 Wiesner, Martin resident 7-403 Donorovich, Ashley resident 7-404 Ogorodov, Denis resident 7-405 Klug, David resident 7-406 Marriott Execustay, * resident 000 1,96047 1,96047 000 60000 000 60000 (18000) 72600 74100 (19500) 50000 000 50000 000 1,84417 1,84000 417 50000 000 50000 000 53800 53800 000 43800 000 43800 (98714) 1,04200 1,04200 (98714) 55000 000 55000 1,88687 1,89637 3,61904 16420 50000 000 50000 5200 1,30300 1,29500 6000 60000 000 60000 000 2,24700 2,24700 000 1,10000 000 1,10000 (29500) 2,11713 2,11213 (29000) 2,06400 000 2,06400 000 1,57517 1,57517 000 1,53500 000 1,53500 (19800) 1,04200 1,04200 (19800) 17700 000 17700 000 2,44519 5,04519 (2,60000) 60000 000 60000 000 33629 33629 000 000 000 000 000 1,33332 1,28332 5000 000 50000 50000 (8613) 2,35219 2,26606 000 60000 000 60000 000 1,76084 1,76084 000 50000 000 50000 000 64100 64100 000 49000 000 49000 000 2,35847 2,35847 000 60000 000 60000 000 2,26719 2,26719 000 1,10000 000 1,10000 088 2,39219 2,39307 000 2,29200 000 2,29200 000 2,43019 2,43019 000 1,10000 000 1,10000 (39200) 2,45784 2,06584 000 2,18000 000 2,18000 090 2,08984 2,09074 000 50000 000 50000 3282 1,93117 1,93117 3282 50000 000 50000 04/17/2010 04/12/2012 03/12/2005 03/31/2006 04/08/2011 04/26/2012 11/23/1998 08/31/2004 06/22/2001 06/30/2002 07/03/2011 06/27/2012 04/10/2009 04/09/2010 11/15/2011 07/05/2012 03/10/2011 03/04/2012 09/11/2011 08/29/2012 05/01/1994 04/30/1997 06/19/2011 06/17/2012 05/25/2004 12/05/2011 12/10/2011 12/04/2012 10/01/2011 09/25/2012 09/11/2011 09/05/2012 02/28/1998 08/31/2004 04/01/2011 03/31/2012 08/12/2011 08/11/2012 05/19/2010 05/13/2012 05/21/2011 05/20/2012 12/05/2007 11/10/2012 10/22/2009 03/29/2012 06/10/2011 06/09/2012 7-407 2-K Tek Business resident 000 1,84684 1,84700 (016) 1,67500 000 1,67500 10/01/2010 09/21/2012 Solutions, * 7-408 Carmody, Brian resident 7-409 Percival, Jeffrey resident (22243) 2,90315 5,85000 (3,16928) 60000 000 60000 000 2,50815 2,50815 000 2,55500 000 2,55500 09/08/2008 03/02/2012 07/05/2007 02/09/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 14 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 7-410 Collins, Nancy resident 7-G15 Astrero, James resident 7-G17 Lee, Paul resident 8-102 Hamer, Andrew Q resident 8-103 Jackson-Newman, Qiana Former resident 8-103 Du, Jen-Hsiang resident 8-104 Harston, Tiffany resident 8-105 McFatter, Stuart Gavin resident 8-106 Lukesh, Warren resident 8-107 Kim, Boo resident 8-108 Morel, Jose Vidal resident 8-109 Chaney, Margaret Former resident 8-204 Izadi, Behat resident 8-205 Urgelles, Jennifer resident 8-206 Alvarez, Carlota Elena resident 8-207 Burchfield, Ryan resident 8-208 Newson, Deborah resident 8-209 Marriott Execustay, * Former resident 000 2,87515 2,87515 000 90000 000 90000 000 2,16447 2,16447 000 60000 000 60000 000 2,11047 2,11047 000 2,38000 000 2,38000 31060 2,91148 3,53268 (31060) 1,20000 000 1,20000 (9500) 9500 000 000 000 000 000 000 3,10008 3,10008 000 3,03400 000 3,03400 000 1,88547 1,88547 000 2,17200 000 2,17200 000 1,30300 1,30300 000 86000 000 86000 (26986) 1,56517 1,29531 000 50000 000 50000 000 1,66773 1,66773 000 50000 000 50000 4729 1,70969 1,67946 7752 50000 000 50000 (1000) 40107 39107 000 50000 (50000) 000 000 64100 64100 000 60000 000 60000 000 2,07997 1,99547 8450 60000 000 60000 000 1,57517 1,58229 (712) 50000 000 50000 000 1,68714 2,24262 (55548) 1,50800 000 1,50800 (1000) 1,03700 1,04200 (1500) 30000 000 30000 1,31696 4017 1,35713 000 50000 (50000) 000 03/01/2010 02/20/2012 09/28/2010 04/11/2012 09/22/2010 09/12/2012 07/10/2011 02/09/2012 07/21/2011 07/21/2011 08/16/2011 08/15/2012 03/09/2009 05/24/2012 09/22/2006 09/30/2007 11/08/2010 11/02/2012 09/01/2009 02/27/2012 01/15/2011 01/10/2012 06/13/2000 12/09/2011 11/05/2006 11/30/2007 09/02/2011 06/30/2012 07/07/2011 06/24/2012 09/22/2008 11/26/2012 10/04/1997 10/31/1998 03/15/2011 11/28/2011 8-209 Oakwood Corporate resident 000 99368 99368 000 000 50000 50000 12/15/2011 03/14/2012 Housing, * 8-301 Meshkat, Leila resident 8-302 Grzecka, Amy resident 8-303 Rodriguez, Monica resident 8-304 Aimaq, Rahim resident 8-305 Gil, Ivonne resident 8-306 Marriott ExecuStay, * resident 8-307 Herlong, Dwight resident 8-308 Vindeni, Mario resident 560 1,78010 1,80000 (1430) 60000 000 60000 097 1,51510 1,51607 000 50000 000 50000 000 1,55657 1,55657 000 50000 000 50000 000 1,97847 1,97847 000 60000 000 60000 55899 1,37590 1,13300 80189 1,24100 000 1,24100 14629 1,94817 1,94817 14629 50000 000 50000 000 1,76068 000 1,76068 50000 000 50000 730 1,67117 1,67847 000 50000 000 50000 10/19/2002 04/13/2012 07/24/2011 07/18/2012 08/21/2011 08/15/2012 05/04/2009 04/24/2012 08/05/2011 08/04/2012 02/15/2011 05/04/2012 10/15/2011 10/14/2012 10/07/2009 04/26/2012

OneSite Rents v30 OneSite Reports - Holly Street Village Page 15 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Total Deposits Ending Move-In Move-Out Resident Name / Beginning Lease Total Ending Balance Deposits Deposit Date/Lease Date/Lease Unit SubJournal Status Balance Charges Credits Balance Forward Net Change Balance Begin End 8-309 Hodges, Jasmin resident 8-401 Rivera, Reuben resident 8-402 Wu, Yi-hsin resident 8-403 Davis, Edward resident 8-404 Wittmier, Shawn resident 8-405 New Armour,Inc, * resident 8-406 Martin, Robert resident 8-407 Wada, Steven resident 8-408 Turner, Kimmie resident 000 53800 53800 000 1,03800 000 1,03800 000 1,51710 1,51710 000 50000 000 50000 000 1,56410 1,56410 000 50000 000 50000 000 1,50910 1,50910 000 50000 000 50000 000 2,33219 2,33219 000 60000 000 60000 000 2,28419 2,28419 000 60000 000 60000 000 1,90384 1,90384 000 50000 000 50000 000 2,18884 2,18884 000 60000 000 60000 (197) 59160 53700 5263 45000 000 45000 12/22/2010 12/21/2011 04/23/2011 04/17/2012 12/15/2009 03/29/2012 07/11/2010 06/28/2012 09/03/2011 08/21/2012 03/19/2011 03/13/2012 08/22/2011 08/16/2012 03/01/1996 04/13/2012 03/21/1994 08/31/2004 8-409 Jimenez Paulino, Lara resident 000 1,68887 1,68887 000 50000 000 50000 11/12/2011 11/11/2012 Jane 9-101 Reitz, Greg resident 9-102 Hargis, Paul resident 9-103 De Necochea, Fernando Former resident 9-104 Kushner, James resident 9-201 Duque, Sergio resident 9-202 Little, Matthew resident 9-203 Kroger, Edward P resident 9-204 Brock, Misty resident 9-301 Tobia, Jr, Stephen resident 9-302 Vega, Tanya resident 9-303 Levitt, Cindy resident 9-304 Wilson, Jack resident 9-401 Kimball, Shelley resident 9-402 Falls, Jonathan resident 9-403 Staehling, Beth resident 9-404 Griffith, Irene resident Sec 8 Adjustments, Section 8 resident (1693) 2,02500 2,02500 (1693) 000 000 000 000 2,04381 2,04381 000 60000 000 60000 000 1,68315 1,68315 000 90000 (90000) 000 000 2,56898 5,14298 (2,57400) 50000 000 50000 000 2,80379 2,79476 903 1,00000 000 1,00000 000 1,96504 1,96504 000 60000 000 60000 000 2,69645 3,09300 (39655) 60000 000 60000 1774 1,93900 1,93900 1774 000 000 000 1435 2,69476 2,71435 (524) 60000 000 60000 000 2,07504 2,07504 000 90000 000 90000 000 1,96127 1,96127 000 60000 000 60000 000 2,20598 2,20598 000 60000 000 60000 (1400) 2,78976 2,77576 000 60000 000 60000 256 2,07504 2,07760 000 79900 000 79900 1,14325 2,05927 3,20252 000 60000 000 60000 (2,78366) 2,20698 1,80000 (2,37668) 60000 000 60000 (8975) 000 81400 (90375) 000 000 000 03/26/2011 03/20/2012 02/01/2010 01/16/2012 09/20/1997 12/16/2011 08/17/2004 11/12/2012 01/02/2010 12/24/2011 05/21/2010 05/15/2012 10/15/2010 03/12/2012 05/18/2011 05/17/2012 07/13/2009 07/03/2012 02/13/2010 02/03/2012 09/10/2010 09/04/2012 06/25/2010 06/19/2012 09/01/2009 07/13/2012 04/01/2011 03/26/2012 02/11/2010 04/14/2012 07/01/2010 06/25/2012 11/19/2007 11/18/2008

OneSite Rents v30 OneSite Reports - Holly Street Village Page 16 of 16 12/22/2011 3:32:40PM RESIDENT SUMMARY BALANCES 11/21/2011 to 12/20/2011 as of 12/20/2011 Parameters: Status selected - ALL; All Subjournals; Resident Account Balance Status - ALL; Deposit Account Balance Status - ALL; Include Gain & Loss Transactions - No; *Warning: there are transactions after the ending date; Exclude all zero rows - Yes a/r-715-002 Unit Resident Name / SubJournal Status Beginning Balance Total Lease Charges Total Credits Ending Balance Deposits Balance Forward Deposits Net Change Ending Deposit Balance Move-In Date/Lease Begin Move-Out Date/Lease End Totals - 399 Residents: (8,24610) 677,14306 698,05518 (29,15822) 288,71876 (40800) 288,31076 Prepaid Portion: Delinquent Portion: (29,69826) (42,16609) 21,45216 13,00787 Dep In: 8,79200 Dep Out: 9,22310 Prepaids Moved to 2310 Deposit Ledger: *These amounts may consist of multiple receivable accounts but are totaled by resident ledger on this report See the Resident Balances by Fiscal Period report for a breakout by receivable account (which also ties to the Monthly Transaction Summary report)

OneSite Rents v30 OneSite Reports - Holly Street Village Page 1 of 3 12/22/2011 3:32:42PM BANK DEPOSIT SUMMARY Parameters: ALL Properties; ALL Bank Accounts Batch Close Date Actual Property Bank Deposit # Bank Account Description Bank Deposit Description Bank Account Name December 2011 (Fiscal Period: 12 2011) # Items Date Range Closed by Payments NSF Repayments Deposits Paid In Total Bank Deposit A/R-717-002 Cumulative Total 11/22 11/21 11/22 11/22 11/22 11/22 11/22 11/22 11/22 11/22 11/23 11/23 11/26 11/25 11/28 11/28 11/28 11/28 11/29 11/28 11/30 11/29 12/01 12/01 12/01 12/01 12/02 12/01 12/02 12/01 12/02 12/01 12/02 12/01 12/02 12/01 12/03 12/02 12/04 12/03 920 Operating 920 Bucket for this Operating 38 11/14/2011-12/18/2011 OPayments (9,29200) 000 9,29200 000 bank account for this period 925 Operating 925 Bucket for this Operating 7 04/01/2011-11/14/2011 n/a (1,85616) 000 (60000) (2,45616) bank account for this period 001 Operating Control #1 dated Operating 5 11/22/2011-11/22/2011 MBrock 6,77197 000 000 6,77197 11/22/2011 400 Operating Settlement:32728304 Operating 1 11/22/2011-11/22/2011 AAdmin 5275 000 000 5275 1 401 Operating Settlement:32722261 Operating 3 11/21/2011-11/21/2011 AAdmin 3,19387 000 000 3,19387 3 402 Operating Settlement:32791108 Operating 1 11/23/2011-11/23/2011 AAdmin 1857 000 000 1857 5 002 Operating Control #2 dated Operating 3 11/25/2011-11/25/2011 MBrock 38304 000 000 38304 11/25/2011 403 Operating Settlement:32906252 Operating 6 11/25/2011-11/25/2011 AAdmin 8,44006 000 000 8,44006 5 404 Operating Settlement:32927078 Operating 15 11/25/2011-11/29/2011 AAdmin 19,22255 000 000 19,22255 9 405 Operating Settlement:33005221 Operating 8 11/28/2011-11/28/2011 AAdmin 8,93434 000 000 8,93434 3 406 Operating Settlement:32833031 Operating 3 11/25/2011-11/28/2011 AAdmin 6,34819 000 000 6,34819 3 407 Operating Settlement:33017320 Operating 14 11/28/2011-12/01/2011 AAdmin 26,14072 000 000 26,14072 9 408 Operating Settlement:33256209 Operating 15 11/30/2011-12/01/2011 AAdmin 26,45446 000 000 26,45446 7 003 Operating Control #3 dated Operating 14 12/01/2011-12/01/2011 TDiaz 22,54019 000 000 22,54019 12/01/2011 409 Operating Settlement:33396660 Operating 12 12/01/2011-12/01/2011 AAdmin 19,94604 000 000 19,94604 1 410 Operating Settlement:33396660 Operating 1 12/01/2011-12/01/2011 AAdmin 2,14141 000 000 2,14141 1 411 Operating Settlement:33443604 Operating 1 12/01/2011-12/01/2011 AAdmin 000 000 10000 10000 1 412 Operating Settlement:33443600 Operating 88 12/01/2011-12/01/2011 AAdmin 128,51697 000 000 128,51697 1 413 Operating Settlement:33114151 Operating 16 11/28/2011-12/01/2011 AAdmin 28,76130 000 000 28,76130 3 414 Operating Settlement:33520266 Operating 10 12/01/2011-12/03/2011 AAdmin 19,08095 000 000 19,08095 1 000 (2,45616) 4,31581 4,36856 7,56243 7,58100 7,96404 16,40410 35,62665 44,56099 50,90918 77,04990 103,50436 126,04455 145,99059 148,13200 148,23200 276,74897 305,51027 324,59122

OneSite Rents v30 OneSite Reports - Holly Street Village Page 2 of 3 12/22/2011 3:32:42PM BANK DEPOSIT SUMMARY Parameters: ALL Properties; ALL Bank Accounts Batch Close Date Actual Property Bank Deposit # Bank Account Description Bank Deposit Description Bank Account Name December 2011 (Fiscal Period: 12 2011) # Items Date Range Closed by Payments NSF Repayments Deposits Paid In Total Bank Deposit A/R-717-002 Cumulative Total 12/05 12/05 12/06 12/05 12/06 12/06 12/06 12/06 12/06 12/06 12/07 12/07 12/07 12/07 12/07 12/07 12/08 12/08 12/08 12/08 12/09 12/09 12/09 12/09 12/09 12/09 12/12 12/11 12/13 12/12 12/15 12/14 12/15 12/15 12/16 12/16 12/19 12/18 12/19 12/19 12/22 12/20 415 Operating Settlement:33681680 9 Operating 11 12/03/2011-12/05/2011 AAdmin 22,49727 000 000 22,49727 004 Operating Control #4 dated Operating 62 12/05/2011-12/05/2011 TDiaz 46,33500 000 000 46,33500 12/05/2011 416 Operating Settlement:33805224 Operating 42 12/05/2011-12/05/2011 AAdmin 44,40638 000 000 44,40638 1 417 Operating Settlement:33805224 Operating 1 12/05/2011-12/05/2011 AAdmin 3,35200 000 000 3,35200 1 418 Operating Settlement:33825937 Operating 130 12/05/2011-12/05/2011 AAdmin 176,92463 000 000 176,92463 3 419 Operating Settlement:33912190 5 Operating 1 12/07/2011-12/07/2011 AAdmin 2,46749 000 000 2,46749 420 Operating Settlement:33901244 Operating 1 12/07/2011-12/07/2011 AAdmin 1,00000 000 000 1,00000 1 421 Operating Settlement:33901244 Operating 1 12/07/2011-12/07/2011 AAdmin 7,28729 000 000 7,28729 1 422 Operating Settlement:33992625 Operating 1 12/07/2011-12/07/2011 AAdmin 4500 000 000 4500 3 423 Operating Settlement:33983301 Operating 4 12/07/2011-12/08/2011 AAdmin 8,35747 000 000 8,35747 7 005 Operating Control #5 dated 12/09/2011 Operating 5 12/09/2011-12/09/2011 MBrock 3,48425 000 000 3,48425 424 Operating Settlement:34075238 Operating 2 12/09/2011-12/09/2011 AAdmin 4,37510 000 000 4,37510 1 425 Operating Settlement:34066053 Operating 2 12/09/2011-12/09/2011 AAdmin 2,58647 000 000 2,58647 7 006 Operating Control #6 dated Operating 7 12/11/2011-12/11/2011 MBrock 7,10166 000 000 7,10166 12/11/2011 426 Operating Settlement:34254361 Operating 1 12/12/2011-12/12/2011 AAdmin 3,09300 000 000 3,09300 7 007 Operating Control #7 dated 12/14/2011 Operating 6 12/14/2011-12/14/2011 MBrock 12,32526 000 000 12,32526 008 Operating Control #8 dated Operating 2 12/15/2011-12/15/2011 MBrock 1,66100 000 000 1,66100 12/15/2011 427 Operating Settlement:34470951 Operating 1 12/16/2011-12/16/2011 AAdmin 1,64417 000 000 1,64417 3 009 Operating Control #9 dated Operating 15 12/18/2011-12/18/2011 MBrock 11,26710 000 000 11,26710 12/18/2011 428 Operating Settlement:34564983 Operating 1 12/18/2011-12/18/2011 AAdmin 20011 000 000 20011 3 010 Operating Control #10 dated Operating 1 12/20/2011-12/20/2011 MBrock 3,26050 000 000 3,26050 12/20/2011 347,08849 393,42349 437,82987 441,18187 618,10650 620,57399 621,57399 628,86128 628,90628 637,26375 640,74800 645,12310 647,70957 654,81123 657,90423 670,22949 671,89049 673,53466 684,80176 685,00187 688,26237

OneSite Rents v30 OneSite Reports - Holly Street Village Page 3 of 3 12/22/2011 3:32:42PM BANK DEPOSIT SUMMARY Parameters: ALL Properties; ALL Bank Accounts Batch Close Date Actual Property Bank Deposit # Bank Account Description Bank Deposit Description Bank Account Name December 2011 (Fiscal Period: 12 2011) # Items Date Range Closed by Payments NSF Repayments Deposits Paid In Total Bank Deposit A/R-717-002 Cumulative Total 12/22 12/20 12/22 12/20 12/22 12/20 011 Operating Control #11 dated Operating 2 12/20/2011-12/20/2011 MBrock 71036 000 000 71036 12/20/2011 429 Operating EOM Payments Operating 2 12/20/2011-12/20/2011 AAdmin 3,64122 000 000 3,64122 Batch:122011:PMTO PACH:Operating:543 430 Operating EOM Payments Operating 2 12/20/2011-12/20/2011 AAdmin 4,73500 000 000 4,73500 Batch:122011:PMTO PIRD:Operating:543 688,97273 692,61395 697,34895 Pre-NSF: 564 688,55695 000 8,79200 697,34895 697,34895 Subtotals by Bank Account Operating Operating 564 688,55695 000 8,79200 697,34895 697,34895 Pre-NSF: 564 688,55695 000 8,79200 697,34895 697,34895 998 Operating Operating 6 (8,56318) 000 000 (8,56318) 688,78577 Net Bank Deposits: 570 679,99377 000 8,79200 688,78577 688,78577 NSF Transaction Activity Unit Name Description Transaction Code Period / Bank Deposit # Original Payment Reversal Original/NSF Amount 1-212 Velazco, Ramon NSF PMTCHECK 112011013 122011998 1,56900 7-116 Sibois, Aurore Unable To Locate Account (R03) PMTOPACH 122011408 122011998 1,90400 7-113 Brooks, Bobbie Insufficient Funds (R01) PMTOPACH 122011418 122011998 2,30461 5-207 Eiler, Janis Insufficient Funds (R01) PMTOPACH 122011418 122011998 2,03547 5-408 SCI LIVE INC, * Insufficient Funds (R01) PMTOPACH 122011422 122011998 4500 2-306 Martinez, Christy Account Closed (R02) PMTOPACH 122011424 122011998 70510 Totals: 8,56318

OneSite Rents v30 OneSite Reports - Holly Street Village Page 1 of 5 12/22/2011 3:32:41PM Parameters: Transaction Category - ; TRANSACTION DETAIL BY CODE Fiscal period - 122011 As of 12/20/2011 Transaction Category and Code - PR EMPLCRED,PW CONC/SPECL,PO W/OLEGAL,PV W/ORENT,PW CONO,PW HHCONC,PW RMFCONC,PW UFCONC,PO W/OO,PO W/OTERM,PO W/OTURN,PO W/OUTIL,PT MODEL,PW RESREL,PW RENTREIM; SubProperty - ALL; Format - Details + Summary; SubJournal - ALL; Show (No Activity) - Yes DETAIL Bldg / Unit Name Description Document Posted User Name Source Dep # Amounts PO W/OLEGAL Date Bank a/r-705-001 Subtotal: 0 Items for PO - W/OLEGAL Debit/GL: 8613 Credit/GL: 1212 000 000 Total PO W/OO Subtotal: 0 Items for PO - W/OO Debit/GL: 8618 Credit/GL: 1212 000 000 PO W/OTERM 1-110 * Marriott Execustay Edit Final Account Statement 08/21/2011 Tomi Diaz C 925 (4275) (4275) 2-205 Scott Stukel Edit Final Account Statement 11/14/2011 Misty Brock C 925 (15084) Write-off Lease Termination Fee 11/25/2011 Misty Brock W 410 (14674) 2-302 Bo Hyun Jung Edit Final Account Statement 10/28/2011 Tomi Diaz C 925 (40916) (40916) 2-407 Lisa Marie Saylor Edit Final Account Statement 08/31/2011 Tomi Diaz C 925 (1,68974) Edit Final Account Statement 08/31/2011 Tomi Diaz C 925 (47665) (2,16639) 3-303 * Oakwood Edit Final Account Statement 11/06/2011 Misty Brock C 925 (53563) (53563) 4-405 Alessandra Babuscia Edit Final Account Statement 09/04/2011 Misty Brock C 925 (1,15200) (1,15200) 6-307 * Oakwood Edit Final Account Statement 09/03/2011 Misty Brock C 925 (51733) (51733) 7-101 Shihong Cao Write-off Lease Termination 12/20/2011 Misty Brock W 31566 Fee 8-307 * Marriott Execustay Write-off Insufficient Notice Penalty Charges Edit Final Account Statement 12/20/2011 Misty Brock W 95490 1,27056 08/21/2011 Tomi Diaz C 925 (16313) (16313) Subtotal: 12 Items for PO - W/OTERM Debit/GL: 8617 Credit/GL: 1212 (3,86257) (3,86257) PO W/OTURN 4-206 Matt Ober Edit Final Account Statement 09/04/2011 Misty Brock C 925 (10000) Edit Final Account Statement 09/04/2011 Misty Brock C 925 (8500) (18500) 4-405 Alessandra Babuscia 5-303 * Oakwood Corporate Housing Edit Final Account Statement Write-off Charges For Cleaning Needed Write-off Damage Charges 09/04/2011 Misty Brock C 925 (3081) (3081) 12/08/2011 Misty Brock W 12500 12/08/2011 Misty Brock W 6000 18500 8-307 * Marriott Execustay Edit Final Account Statement 08/21/2011 Tomi Diaz C 925 (3498) (3498) 8-409 David Anderson Edit Final Account Statement 10/03/2011 Misty Brock C 925 (11554) Write-Turn Over Costs - Anderson 11/25/2011 Misty Brock D 15000 3446 Subtotal: 8 Items for PO - W/OTURN Debit/GL: 8612 Credit/GL: 1212 (3133) (3133) PO W/OUTIL

OneSite Rents v30 OneSite Reports - Holly Street Village Page 2 of 5 12/22/2011 3:32:41PM TRANSACTION DETAIL BY CODE Fiscal period - 122011 As of 12/20/2011 Parameters: Transaction Category - ; DETAIL Date Bank Bldg / Unit Name Description Document Posted User Name Source Dep # Amounts a/r-705-001 Total PO W/OUTIL (continued) 1-110 * Marriott Execustay 4-409 * LOUIS VUITTON US MANUFACTURI 5-303 * Oakwood Corporate Housing 8-307 * Marriott Execustay Edit Final Account Statement Edit Final Account Statement Write-off Utility Charges Edit Final Account Statement 08/21/2011 Tomi Diaz C 925 (5103) (5103) 08/10/2011 Misty Brock C 925 (6003) (6003) 12/08/2011 Misty Brock W 5333 5333 08/21/2011 Tomi Diaz C 925 (6785) (6785) Subtotal: 4 Items for PO - W/OUTIL Debit/GL: 8614 Credit/GL: 1212 (12558) (12558) PR EMPLCRED 3-202 Guillermo Cabral EMPL 12/01/2011 Misty Brock A 2,23400 2,23400 7-115 Nicole Hackett Employee Unit Rent Credit- 12/01/2011 Misty Brock A 40000 20% Move-out Credit 12/07/2011 Misty Brock E (32258) Changed by Autobill 12/07/2011 Misty Brock C 32258 Move-out Credit 12/07/2011 Misty Brock E (30968) Changed by Autobill 12/07/2011 chris furukido C 30968 Move-out Credit 12/07/2011 chris furukido E (32258) 7742 9-101 Greg Reitz Employee Unit Rent Credit 12/01/2011 Misty Brock A 2,02500 2,02500 9-204 Misty Brock Employee Unit Rent Credit 12/01/2011 Misty Brock A 1,93900 1,93900 Subtotal: 9 Items for PR - EMPLCRED Debit/GL: 4521 Credit/GL: 1212 6,27542 6,27542 PT MODEL 7-202 Model Model MODEL ALLOWANCE 12/01/2011 Misty Brock A 2,18300 2,18300 7-207 One bedroom Model MODEL ALLOWANCE 12/01/2011 Misty Brock A 1,54200 1,54200 Subtotal: 2 Items for PT - MODEL Debit/GL: 4522 Credit/GL: 1212 3,72500 3,72500 PV W/ORENT 1-110 * Marriott Execustay Edit Final Account Statement Edit Final Account Statement 08/21/2011 Tomi Diaz C 925 (6293) 08/21/2011 Tomi Diaz C 925 (90994) (97287) 2-201 * Oakwood Edit Final Account Statement 09/28/2011 Tomi Diaz C 925 (4016) (4016) 2-205 Scott Stukel Edit Final Account Statement 11/14/2011 Misty Brock C 925 (1,25950) Write-off Rent 11/25/2011 Misty Brock W 1,25950 000 2-302 Bo Hyun Jung Edit Final Account Statement 10/28/2011 Tomi Diaz C 925 (30203) Edit Final Account Statement 10/28/2011 Tomi Diaz C 925 (1,11201) Write-off Rent 12/05/2011 Tomi Diaz W 11119 Write-off Rent 12/05/2011 Tomi Diaz W 1,11201 (19084)

OneSite Rents v30 OneSite Reports - Holly Street Village Page 3 of 5 12/22/2011 3:32:41PM Parameters: Transaction Category - ; DETAIL TRANSACTION DETAIL BY CODE Fiscal period - 122011 As of 12/20/2011 Bldg / Unit Name Description Document Posted User Name Source Dep # Amounts PV W/ORENT (continued) Date Bank a/r-705-001 3-303 * Oakwood Edit Final Account Statement 11/06/2011 Misty Brock C 925 (197) (197) Total 4-206 Matt Ober Edit Final Account Statement 09/04/2011 Misty Brock C 925 (33461) Edit Final Account Statement 09/04/2011 Misty Brock C 925 (7668) (41129) 4-309 Victor Daykin Write-off Rent 12/19/2011 Misty Brock W 338 338 4-409 * LOUIS VUITTON US MANUFACTURI Edit Final Account Statement Edit Final Account Statement 08/10/2011 Misty Brock C 925 (11156) 08/10/2011 Misty Brock C 925 (32774) (43930) 5-303 * Oakwood Corporate Housing Write-off Rent Edit Final Account Statement 11/28/2011 Misty Brock W 37907 11/28/2011 Misty Brock C (37907) Write-off Rent 12/08/2011 Misty Brock W 37907 37907 6-307 * Oakwood Edit Final Account Statement 09/03/2011 Misty Brock C 925 (3792) (3792) 6-408 * Marriott Execustay Write-off Rent Edit Final Account Statement 12/05/2011 Tomi Diaz W 1565 12/05/2011 Tomi Diaz C (1565) Write-off Rent 12/05/2011 Tomi Diaz W 1565 1565 8-209 * Marriott Execustay Write-off Rent Edit Final Account Statement 12/01/2011 Misty Brock W 85713 12/01/2011 Tomi Diaz C (85713) Write-off Rent 12/05/2011 Tomi Diaz W 81697 81697 8-307 * Marriott Execustay Edit Final Account Statement 08/21/2011 Tomi Diaz C 925 (83771) (83771) 8-409 David Anderson Edit Final Account Statement 10/03/2011 Misty Brock C 925 (7091) Write-off Rent 11/25/2011 Misty Brock W 3645 (3446) Subtotal: 28 Items for PV - W/ORENT Debit/GL: 8615 Credit/GL: 1212 (1,75145) (1,75145) PW CONC/SPECL Subtotal: 0 Items for PW - CONC/SPECL Debit/GL: 4520 Credit/GL: 1212 000 000 PW CONO Subtotal: 0 Items for PW - CONO Debit/GL: 4580 Credit/GL: 1212 000 000 PW HHCONC Subtotal: 0 Items for PW - HHCONC Debit/GL: 4523 Credit/GL: 1212 000 000 PW RENTREIM Subtotal: 0 Items for PW - RENTREIM Debit/GL: 4520 Credit/GL: 1212 000 000 PW RESREL

OneSite Rents v30 OneSite Reports - Holly Street Village Page 4 of 5 12/22/2011 3:32:41PM Parameters: Transaction Category - ; DETAIL TRANSACTION DETAIL BY CODE Fiscal period - 122011 As of 12/20/2011 Bldg / Unit Name Description Document Posted User Name Source Dep # Amounts PW RESREL Date Bank a/r-705-001 (continued) 4-316 Shruti Vora Reimbursement for placing a stop payment on partial rent check 12/18/2011 Misty Brock M 3500 3500 6-302 Wynter Williams Per John Gregory- agreed to 12/07/2011 Misty Brock M 1,00000 1,00000 match ECPAC $1000 donation 9-403 Beth Staehling For flooding issue 12/06/2011 Misty Brock M 75000 75000 Subtotal: 3 Items for PW - RESREL Debit/GL: 8565 Credit/GL: 1212 1,78500 1,78500 Total PW RMFCONC Subtotal: 0 Items for PW - RMFCONC Debit/GL: 4525 Credit/GL: 1212 000 000 PW UFCONC Subtotal: 0 Items for PW - UFCONC Debit/GL: 4526 Credit/GL: 1212 000 000

OneSite Rents v30 OneSite Reports - Holly Street Village Page 5 of 5 12/22/2011 3:32:41PM TRANSACTION DETAIL BY CODE Fiscal period - 122011 As of 12/20/2011 Parameters: Transaction Category - ; SUMMARY Code Description General Ledger Account Name Debit a/r-705-001 Credit EMPLCRED Employee Unit Rent Credit Resident Receivables 1212 000 6,27542 MODEL MODEL ALLOWANCE Resident Receivables 1212 000 3,72500 RESREL Resident Relations Credit Resident Receivables 1212 000 1,78500 W/ORENT Write Off Rent Resident Receivables 1212 000 (1,75145) W/OTERM Write Term/Insuff Notice Resident Receivables 1212 000 (3,86257) W/OTURN Write-Turn Over Costs Resident Receivables 1212 000 (3133) W/OUTIL Write-Off Utilities Resident Receivables 1212 000 (12558) EMPLCRED Employee Unit Rent Credit Employee Allowances 4521 6,27542 000 MODEL MODEL ALLOWANCE Model Allowances 4522 3,72500 000 RESREL Resident Relations Credit Resident Relations 8565 1,78500 000 W/ORENT Write Off Rent Bad Debt Write Off - Rent 8615 (1,75145) 000 W/OTERM Write Term/Insuff Notice Bad Debt Write Off - Term/Noti 8617 (3,86257) 000 W/OTURN Write-Turn Over Costs Write-Turn Over Cost 8612 (3133) 000 W/OUTIL Write-Off Utilities Write-Off Utilities 8614 (12558) 000 Total 6,01449 6,01449

OneSite Rents v30 OneSite Reports-Holly Street Village Page 1 of 7 12/22/2011 3:32:41PM RESIDENT DEPOSIT AUDIT A/R-712-001 Parameters: Status - All; Order by - Unit Unit Name Status Move Out Date As of 12/20/2011 Total Dep Required Unit Deposit Pet Deposit Other Deposits Deposits On Hand Outstanding Deposit Walls, Angela Applicant 10000 10000 000 000 10000 000 Candia, Alexander Applicant 10000 10000 000 000 10000 000 Coxson, Michael Applicant 10000 10000 000 000 10000 000 Farnoudi, Mary Applicant 10000 10000 000 000 10000 000 Park, Myung Applicant 000 000 000 000 000 000 Salzman, Phyllis Applicant 10000 10000 000 000 10000 000 Steel, Rebecca Applicant 2,12200 10000 000 000 10000 2,02200 Ling, Xiao Applicant 60000 10000 000 000 10000 50000 Kang-Choukroun, Iye Applicant 60000 10000 000 000 10000 50000 Martin, Denise Applicant 000 000 000 000 000 000 Williams, Venise Applicant 000 000 000 000 000 000 Klug, David Applicant 000 000 000 000 000 000 Horning, Donald Applicant 60000 000 000 000 000 60000 1-101 Baraskar, Amitkumar resident 50000 50000 000 000 50000 000 1-102 Dickison, David resident 50000 50000 000 000 50000 000 1-103 Stanley, Marquee resident 50000 50000 000 000 50000 000 1-104 Manafi, Farideh resident 50000 50000 000 000 50000 000 1-105 Kattan, Denise resident 60000 60000 000 000 60000 000 1-106 Lareen, Naomi resident 60000 60000 000 000 60000 000 1-107 Capulong, Danilo resident 90000 90000 000 000 90000 000 1-108 Oakwood Corporate resident 50000 50000 000 000 50000 000 Housing, * 1-109 De Los Santos, resident 50000 50000 000 000 50000 000 Shauntelle 1-110 Mejia, Victor resident 2,02500 2,02500 000 000 2,02500 000 1-111 Ziegler, Robie resident 50000 50000 000 000 50000 000 1-112 Crile, Andrew resident 50000 50000 000 000 50000 000 1-113 Espadas, Michelle resident 50000 50000 000 000 50000 000 1-114 Broughton, Lois resident 71000 71000 000 000 71000 000 1-115 Key Housing, * NTV 1,10000 1,10000 000 000 1,10000 000 1-116 Richardson, Brett resident 50000 50000 000 000 50000 000 1-118 Corlew, Mike resident 50000 50000 000 000 50000 000 1-167 II, M I G resident 5,62000 5,62000 000 000 5,62000 000 1-171 Jones, Edward resident 1,24000 1,24000 000 000 1,24000 000 1-201 Xue, Frances resident 50000 50000 000 000 50000 000 1-202 Natalio, Davin resident 1,52500 1,52500 000 000 1,52500 000 1-203 Abumostafa, Samar resident 50000 50000 000 000 50000 000 1-204 Miller, Lisa resident 1,00000 1,00000 000 000 1,00000 000 1-205 Gamelin, Michael resident 60000 60000 000 000 60000 000 1-206 Yuan Zhong, Cui resident 2,40500 2,40500 000 000 2,40500 000 1-207 Komanapalli, Joyce resident 50000 50000 000 000 50000 000 1-208 McLaughlin, Dolores resident 1,52500 1,52500 000 000 1,52500 000 1-209 Castillo, Israel resident 40000 40000 000 000 40000 000 1-210 Stoskopf, Debra resident 50000 50000 000 000 50000 000 1-211 Wright, William resident 50000 50000 000 000 50000 000 1-212 Velazco, Ramon resident 1,44900 1,44900 000 000 1,44900 000 1-213 Wilson, Jonathan resident 50000 50000 000 000 50000 000 1-214 Elmer, Emily Former resident 12/20/2011 80000 80000 000 000 80000 000 1-215 Ramsey, Jeanette resident 60000 60000 000 000 60000 000 1-216 Toda, Kevin resident 50000 50000 000 000 50000 000 1-217 Sheikholeslami, Salar resident 50000 50000 000 000 50000 000 1-218 Pitassi, Clare resident 25200 25200 000 000 25200 000 1-219 Marriott Execustay, * resident 50000 50000 000 000 50000 000 1-301 Treu, Jacqueline resident 50000 50000 000 000 50000 000 1-302 Parikh, Ekta resident 50000 50000 000 000 50000 000 1-303 Liebl, Eric resident 40000 40000 000 000 40000 000 1-304 Ching, John resident 50000 50000 000 000 50000 000

OneSite Rents v30 OneSite Reports-Holly Street Village Page 2 of 7 12/22/2011 3:32:41PM RESIDENT DEPOSIT AUDIT A/R-712-001 Parameters: Status - All; Order by - Unit Unit Name Status Move Out Date As of 12/20/2011 Total Dep Required Unit Deposit Pet Deposit Other Deposits Deposits On Hand Outstanding Deposit 1-305 Browne, Pamela resident 55000 55000 000 000 55000 000 1-306 Brown, Arlessie resident 55000 55000 000 000 55000 000 1-307 Bechtel, Jon resident 50000 50000 000 000 50000 000 1-308 Cook, Lory resident 50000 50000 000 000 50000 000 1-309 Walia, Shalia resident 50000 50000 000 000 50000 000 1-310 Rutherford, Ryan resident 1,52300 1,52300 000 000 1,52300 000 1-311 Blake, Kelli resident 50000 50000 000 000 50000 000 1-312 Chae, Wonha NTV 50000 50000 000 000 50000 000 1-313 Kamble, Sfurti resident 50000 50000 000 000 50000 000 1-314 Mak, Hester resident 50000 50000 000 000 50000 000 1-315 Oakwood Corporate resident 60000 60000 000 000 60000 000 Housing, * 1-316 Alexander, Paula resident 50000 50000 000 000 50000 000 1-317 Boyer, Calvin resident 50000 50000 000 000 50000 000 1-318 Estrada, Wendy resident 1,33700 1,33700 000 000 1,33700 000 1-319 Ogden, Jason resident 50000 50000 000 000 50000 000 1-401 Smith, Krista resident 50000 50000 000 000 50000 000 1-402 Cahill, Michael resident 50000 50000 000 000 50000 000 1-403 Lee, Stephen resident 50000 50000 000 000 50000 000 1-404 Lu, Chungung resident 50000 50000 000 000 50000 000 1-405 Wiggins, Stephanie resident 60000 60000 000 000 60000 000 1-406 Dominguez, Henry resident 60000 60000 000 000 60000 000 1-407 Baenen, Annie resident 50000 50000 000 000 50000 000 1-408 Rasul, Shahla resident 50000 50000 000 000 50000 000 1-409 Zasa, Robert Joseph resident 50000 50000 000 000 50000 000 1-410 Yu, Jimi resident 80000 80000 000 000 80000 000 1-411 Wagar, Bruce resident 80000 80000 000 000 80000 000 1-412 Son, Miyoung resident 1,60000 1,60000 000 000 1,60000 000 1-413 Tosaya, Dinah resident 50000 50000 000 000 50000 000 1-414 Schiller, Noelle resident 1,45000 1,45000 000 000 1,45000 000 1-415 Cantagallo, Gina resident 60000 60000 000 000 60000 000 1-416 Monty, Antoinette resident 50000 50000 000 000 50000 000 1-418 Ge, Ling resident 1,50800 1,50800 000 000 1,50800 000 2-101 Plaid, Cheyvee resident 1,23000 1,23000 000 000 1,23000 000 2-102 Suite, Hospitality Guest resident 000 000 000 000 000 000 2-103 Xula, Sergio resident 50000 50000 000 000 50000 000 2-105 Rodriguez, Gabriel resident 1,03800 1,03800 000 000 1,03800 000 2-106 Almond, Whitney Applicant 60000 000 000 000 000 60000 2-107 Yi, Evan resident 50000 50000 000 000 50000 000 2-108 Vashi, Ashish resident 60000 60000 000 000 60000 000 2-201 Pitic, Aldin resident 60000 60000 000 000 60000 000 2-202 Jeon, Sang resident 60000 60000 000 000 60000 000 2-203 Haines, Mark resident 50000 50000 000 000 50000 000 2-204 Crookshanks, Clark resident 60000 60000 000 000 60000 000 2-205 Jukes, Stephanie resident 000 000 000 000 000 000 2-206 French, Ashley resident 1,10000 1,10000 000 000 1,10000 000 2-207 Youngblood, Betty resident 17100 17100 000 000 17100 000 2-208 Senkandwa, Harriet resident 1,26900 1,26900 000 000 1,26900 000 2-301 Patel, Rajen resident 90000 90000 000 000 90000 000 2-302 Reynolds, Laura resident 60000 60000 000 000 60000 000 2-304 Hafen, Landon resident 60000 60000 000 000 60000 000 2-306 Martinez, Christy resident 1,24100 1,24100 000 000 1,24100 000 2-307 Phadtare, Parag NTV 50000 50000 000 000 50000 000 2-308 O`Laughlin, Erin resident 60000 60000 000 000 60000 000 2-401 Pickens, LaDonne resident 60000 60000 000 000 60000 000 2-402 Goodchild, David resident 90000 90000 000 000 90000 000 2-404 Zacny, Kris resident 60000 60000 000 000 60000 000

OneSite Rents v30 OneSite Reports-Holly Street Village Page 3 of 7 12/22/2011 3:32:41PM RESIDENT DEPOSIT AUDIT A/R-712-001 Parameters: Status - All; Order by - Unit Unit Name Status Move Out Date As of 12/20/2011 Total Dep Required Unit Deposit Pet Deposit Other Deposits Deposits On Hand Outstanding Deposit 2-406 Johnson, Charles resident 60000 60000 000 000 60000 000 2-407 Meverden, Ashley resident 50000 50000 000 000 50000 000 2-408 Dinh, Tinny resident 60000 60000 000 000 60000 000 3-101 Ware, Elisa resident 28900 28900 000 000 28900 000 3-102 Scott, Angela resident 60000 60000 000 000 60000 000 3-103 Rios, Jose resident 55000 55000 000 000 55000 000 3-104 Hargrove, Charlene resident 1,32900 1,32900 000 000 1,32900 000 3-105 Kang, Youn Sik resident 60000 60000 000 000 60000 000 3-107 Crockom, Latonia resident 1,23000 1,23000 000 000 1,23000 000 3-108 Xu, Lin resident 1,57000 1,57000 000 000 1,57000 000 3-201 Dobbert, Christopher resident 60000 60000 000 000 60000 000 3-202 Cabral, Guillermo resident 000 000 000 000 000 000 3-203 Samsami, Hedayat resident 50000 50000 000 000 50000 000 3-204 Hernandez, Adrian resident 1,73800 1,73800 000 000 1,73800 000 3-206 Gailen, Carol resident 50000 50000 000 000 50000 000 3-207 Wiener, Daniel resident 60000 60000 000 000 60000 000 3-208 Allen, Robert resident 33400 33400 000 000 33400 000 3-301 Comstock, Leslie resident 60000 60000 000 000 60000 000 3-302 Gillett, Paul resident 50000 50000 000 000 50000 000 3-303 Farkas, Michael resident 60000 60000 000 000 60000 000 3-305 Purves, Josh resident 90000 90000 000 000 90000 000 3-307 Jenkins, William resident 50000 50000 000 000 50000 000 3-308 Gichuhi, Grace resident 50000 50000 000 000 50000 000 3-401 Strametz, Laura resident 60000 60000 000 000 60000 000 3-402 Hess, Robert resident 60000 60000 000 000 60000 000 3-403 Luke, Janett resident 50000 50000 000 000 50000 000 3-405 Han, Younsik resident 60000 60000 000 000 60000 000 3-407 Vana, Allison resident 60000 60000 000 000 60000 000 3-408 Schwartz, Jennifer resident 40000 40000 000 000 40000 000 4-101 Thomas, Monique resident 50000 50000 000 000 50000 000 4-102 Burrows, Keith resident 60000 60000 000 000 60000 000 4-103 Dandino, Elizabeth resident 50000 50000 000 000 50000 000 4-104 De Silva, Ravi resident 1,95800 1,95800 000 000 1,95800 000 4-105 Daryaie, Shahindokh resident 50000 50000 000 000 50000 000 4-106 Lee, Aaron resident 50000 50000 000 000 50000 000 4-107 Cunningham, Melissa resident 80000 80000 000 000 80000 000 4-108 Heath, Brandon resident 1,00000 1,00000 000 000 1,00000 000 4-109 Menezes, Gustavo resident 50000 50000 000 000 50000 000 4-110 Estillore, Arthur resident 60000 60000 000 000 60000 000 4-111 Bradford, Eddie resident 50000 50000 000 000 50000 000 4-112 Austin, Talea resident 1,10000 1,10000 000 000 1,10000 000 4-113 Sanchez, Blanca resident 90200 90200 000 000 90200 000 4-114 Richardson, Victoria resident 1,16400 1,16400 000 000 1,16400 000 4-115 Blount, David resident 50000 50000 000 000 50000 000 4-116 Bye, Larry resident 60000 60000 000 000 60000 000 4-117 Coulter, Patricia resident 60000 60000 000 000 60000 000 4-201 Marquardt, Joel resident 50000 50000 000 000 50000 000 4-202 Reese, Magda resident 60000 60000 000 000 60000 000 4-203 Cox, Corey resident 1,52500 1,52500 000 000 1,52500 000 4-204 Marriott Execustay, * resident 50000 50000 000 000 50000 000 4-205 Gonzalez, Juan resident 1,52900 1,52900 000 000 1,52900 000 4-206 Fitzgerald, Katherine resident 1,00000 1,00000 000 000 1,00000 000 Anne 4-207 Simonsen, Austen resident 1,52500 1,52500 000 000 1,52500 000 4-208 Oakwood Corporate resident 50000 50000 000 000 50000 000 Housing, * 4-209 Salehi, Masoud resident 50000 50000 000 000 50000 000

OneSite Rents v30 OneSite Reports-Holly Street Village Page 4 of 7 12/22/2011 3:32:41PM RESIDENT DEPOSIT AUDIT A/R-712-001 Parameters: Status - All; Order by - Unit Unit Name Status Move Out Date As of 12/20/2011 Total Dep Required Unit Deposit Pet Deposit Other Deposits Deposits On Hand Outstanding Deposit 4-210 Knox, Barsha resident 87300 87300 000 000 87300 000 4-212 Morgan, Shaunda resident 60000 60000 000 000 60000 000 4-213 Garcia, Bridget resident 1,00000 1,00000 000 000 1,00000 000 4-215 Guy, Lillian resident 50000 50000 000 000 50000 000 4-216 Bentley, Marjorie resident 55000 55000 000 000 55000 000 4-217 Sedmak, Nicole resident 1,10000 1,10000 000 000 1,10000 000 4-301 Delevi, Rakel resident 50000 50000 000 000 50000 000 4-302 Ford, Barbara resident 27100 27100 000 000 27100 000 4-303 Tuble, Sigrid resident 1,53500 1,53500 000 000 1,53500 000 4-304 Large, Adrienne resident 1,03800 1,03800 000 000 1,03800 000 4-305 Young, Brian resident 50000 50000 000 000 50000 000 4-306 Firoozy, Molouk resident 22100 22100 000 000 22100 000 4-307 Simmons, Jonathan resident 50000 50000 000 000 50000 000 4-308 Regency Corporate resident 50000 50000 000 000 50000 000 Living, * 4-310 Guerrero, Mellissa resident 90000 90000 000 000 90000 000 4-311 Zhang, Erin resident 1,10000 1,10000 000 000 1,10000 000 4-312 Goudeau, Julia resident 1,02300 1,02300 000 000 1,02300 000 4-313 Diaz, Lenor resident 60000 60000 000 000 60000 000 4-314 Stewart, Gloria resident 1,10000 1,10000 000 000 1,10000 000 4-315 Donnell, Brian resident 50000 50000 000 000 50000 000 4-316 Vora, Shruti resident 60000 60000 000 000 60000 000 4-317 Wakatsuki, Takeru resident 1,89900 1,89900 000 000 1,89900 000 4-401 Jackson, Nathanael resident 50000 50000 000 000 50000 000 4-402 Hamilton, Ashley resident 2,13800 2,13800 000 000 2,13800 000 4-403 Towns, Jeneal resident 28500 28500 000 000 28500 000 4-404 Birnbaum, Ben resident 50000 50000 000 000 50000 000 4-405 Moravcik, Eva resident 50000 50000 000 000 50000 000 4-406 Fischer, Tara resident 50000 50000 000 000 50000 000 4-407 Carlson, Stephanie resident 1,00000 1,00000 000 000 1,00000 000 4-408 Lemoi, Alpherie resident 1,00000 1,00000 000 000 1,00000 000 4-409 Donsbach, Paul resident 1,00000 1,00000 000 000 1,00000 000 4-410 Hamilton, Dawn resident 1,10000 1,10000 000 000 1,10000 000 4-411 Dayabhai-Jairambhai, resident 60000 60000 000 000 60000 000 Punam 4-412 Winans, Kelly resident 90000 90000 000 000 90000 000 4-413 Thompson, Sharon resident 50000 50000 000 000 50000 000 4-414 Forteza, Evelyn resident 2,18500 2,18500 000 000 2,18500 000 4-415 Mesmer, Ethan resident 40000 40000 000 000 40000 000 4-416 Castillo, Edilzar resident 60000 60000 000 000 60000 000 4-417 Nakayama, Satoshi resident 60000 60000 000 000 60000 000 5-101 Mac Dougall, Derek resident 60000 60000 000 000 60000 000 5-102 Gris, Angela resident 2,05900 2,05900 000 000 2,05900 000 5-103 Offutt, Tressa resident 60000 60000 000 000 60000 000 5-104 Van Der Touw, Renee resident 50000 50000 000 000 50000 000 5-105 Cerny, Lindsey NTV 1,10000 1,10000 000 000 1,10000 000 5-106 Zillgitt, Margaret resident 40000 40000 000 000 40000 000 (Stephanie) 5-107 Riesen, Anne-Jose resident 50000 50000 000 000 50000 000 5-108 Haber, Mark resident 79600 79600 000 000 79600 000 5-201 Graves, Jason resident 1,40000 1,40000 000 000 1,40000 000 5-202 Ward, Saraan resident 60000 60000 000 000 60000 000 5-203 PC Housing, * resident 60000 60000 000 000 60000 000 5-204 Kamali, Roza resident 50000 50000 000 000 50000 000 5-206 Jones, Robert resident 50000 50000 000 000 50000 000 5-207 Eiler, Janis resident 90000 90000 000 000 90000 000 5-208 Havel, Timothy resident 60000 60000 000 000 60000 000

OneSite Rents v30 OneSite Reports-Holly Street Village Page 5 of 7 12/22/2011 3:32:41PM RESIDENT DEPOSIT AUDIT A/R-712-001 Parameters: Status - All; Order by - Unit Unit Name Status Move Out Date As of 12/20/2011 Total Dep Required Unit Deposit Pet Deposit Other Deposits Deposits On Hand Outstanding Deposit 5-301 Fagundes, David resident 60000 60000 000 000 60000 000 5-302 Ortiz, Maria resident 1,10000 1,10000 000 000 1,10000 000 5-303 Country, Cross resident 60000 60000 000 000 60000 000 5-304 Ehrlich, Anne resident 65000 65000 000 000 65000 000 5-305 Latip, Jessica resident 60000 60000 000 000 60000 000 5-306 Hoshino, Takuya resident 1,44900 1,44900 000 000 1,44900 000 5-307 Ramos, Mario resident 60000 60000 000 000 60000 000 5-308 Koike, Shinya resident 2,06500 2,06500 000 000 2,06500 000 5-401 Bilovsky, Paula resident 60000 60000 000 000 60000 000 5-402 CSDS AIRCRAFT SALES resident 60000 60000 000 000 60000 000 LEASING I, Ben 5-403 Spragg, Melissa resident 1,10000 1,10000 000 000 1,10000 000 5-404 Hughes, Jeremy resident 50000 50000 000 000 50000 000 5-405 Liwanag, Allen resident 60000 60000 000 000 60000 000 5-406 Dubois, Tammy resident 50000 50000 000 000 50000 000 5-407 Loo, Paul resident 50000 50000 000 000 50000 000 5-408 SCI LIVE INC, * resident 60000 60000 000 000 60000 000 6-101 Kearney, Ellyn P resident 40200 40200 000 000 40200 000 6-102 Marchionda, Frankie resident 50000 50000 000 000 50000 000 6-103 Taylor-Wheat, Madeline resident 50000 50000 000 000 50000 000 6-104 ICE ENERGY, INC, * resident 60000 60000 000 000 60000 000 6-105 Hadley, Amber resident 1,03800 1,03800 000 000 1,03800 000 6-107 Barber, LaToya resident 60000 60000 000 000 60000 000 6-108 Miller, Jennifer Applicant 60000 000 000 000 000 60000 6-201 Irizarry, Yvette resident 60000 60000 000 000 60000 000 6-202 Soudjian, Ara resident 60000 60000 000 000 60000 000 6-203 Ng, Airin resident 2,07500 2,07500 000 000 2,07500 000 6-204 Syed, Asad resident 60000 60000 000 000 60000 000 6-205 Pozo, Ruth resident 50000 50000 000 000 50000 000 6-206 Oakwood, * resident 60000 60000 000 000 60000 000 6-207 Kong, Nancy resident 60000 60000 000 000 60000 000 6-208 Orozco, Rafael resident 1,92900 1,92900 000 000 1,92900 000 6-301 Teta, Rosemary resident 29900 29900 000 000 29900 000 6-302 Williams, Wynter resident 60000 60000 000 000 60000 000 6-303 Stiles, Noelle resident 50000 50000 000 000 50000 000 6-304 Wilson, Toni resident 60000 60000 000 000 60000 000 6-305 Scheinhorn, David resident 50000 50000 000 000 50000 000 6-306 Lal, Shalini resident 60000 60000 000 000 60000 000 6-307 Morawiec, Amy resident 60000 60000 000 000 60000 000 6-308 Knowlton, Katherine resident 60000 60000 000 000 60000 000 6-401 Santamaria, Diane resident 1,10000 1,10000 000 000 1,10000 000 6-402 Magarian, Shirley resident 60000 60000 000 000 60000 000 6-403 Jackson, Timothy resident 50000 50000 000 000 50000 000 6-404 Lewis, James resident 60000 60000 000 000 60000 000 6-405 Reising, Breanna resident 50000 50000 000 000 50000 000 6-406 Schafer, Scott resident 1,10000 1,10000 000 000 1,10000 000 6-407 Franklin, Robert resident 90000 90000 000 000 90000 000 6-408 Sumarli, Dominic resident 60000 60000 000 000 60000 000 7-102 Wang, Jingyaun resident 2,10000 2,10000 000 000 2,10000 000 7-103 Flores, Marlene resident 60000 60000 000 000 60000 000 7-104 Rundall, Yang resident 50000 50000 000 000 50000 000 7-105 Elsberry, Mary resident 23400 23400 000 000 23400 000 7-106 Blackmon, Amy resident 50000 50000 000 000 50000 000 7-107 Martinez, Robert resident 50000 50000 000 000 50000 000 7-108 Kockler, Jennifer resident 60000 60000 000 000 60000 000 7-110 Kushwaha, Arjun resident 60000 60000 000 000 60000 000

OneSite Rents v30 OneSite Reports-Holly Street Village Page 6 of 7 12/22/2011 3:32:41PM RESIDENT DEPOSIT AUDIT A/R-712-001 Parameters: Status - All; Order by - Unit Unit Name Status Move Out Date As of 12/20/2011 Total Dep Required Unit Deposit Pet Deposit Other Deposits Deposits On Hand Outstanding Deposit 7-112 Oakwood Corporate resident 50000 50000 000 000 50000 000 Housing, * 7-113 Brooks, Bobbie resident 1,10000 1,10000 000 000 1,10000 000 7-114 Oakwood Corporate resident 40000 40000 000 000 40000 000 Housing, * 7-116 Sibois, Aurore resident 1,90400 1,90400 000 000 1,90400 000 7-117 Zacharias, Brian NTV 60000 60000 000 000 60000 000 7-118 Hobbie, Suzanne resident 60000 60000 000 000 60000 000 7-153 Communities, Episcopal resident 13,50500 13,50500 000 000 13,50500 000 Homes 7-155 Tanning, Santoyo resident 5,11176 5,11176 000 000 5,11176 000 7-201 Erner, Berk resident 60000 60000 000 000 60000 000 7-202 Model, Model resident 000 000 000 000 000 000 7-203 Smith, Robert resident 60000 60000 000 000 60000 000 7-204 Manukyan, Gegham resident 50000 50000 000 000 50000 000 7-205 Horning, Donald resident 50000 50000 000 000 50000 000 7-206 Macazana, Carmen resident 50000 50000 000 000 50000 000 Cecilia 7-207 Model, One bedroom resident 000 000 000 000 000 000 7-208 Marshall, Robert resident 60000 60000 000 000 60000 000 7-209 Kaufmann, Corey resident 60000 000 000 000 000 60000 7-210 Wilson, John resident 55000 55000 000 000 55000 000 7-211 Dabiri, Parvin resident 22700 22700 000 000 22700 000 7-212 Garcia, David resident 50000 50000 000 000 50000 000 7-213 Shah, Ashish resident 60000 60000 000 000 60000 000 7-214 Peter, Julia resident 50000 50000 000 000 50000 000 7-215 Bautista, Judy resident 50000 50000 000 000 50000 000 7-216 Crockom, Darrell resident 50000 50000 000 000 50000 000 7-217 Shumilo, Gayane resident 60000 60000 000 000 60000 000 7-301 Vallee, Sebastien resident 60000 60000 000 000 60000 000 7-302 Dial, Mark resident 60000 60000 000 000 60000 000 7-303 Elem, Evelyn resident 50000 50000 000 000 50000 000 7-304 Yau, Arthur resident 50000 50000 000 000 50000 000 7-305 Yagjian, Cora resident 43800 43800 000 000 43800 000 7-306 Jones, Adriana resident 55000 55000 000 000 55000 000 7-307 Wells, Derek resident 50000 50000 000 000 50000 000 7-308 Moss, Denise resident 60000 60000 000 000 60000 000 7-309 Ng, Tzu Ming resident 1,10000 1,10000 000 000 1,10000 000 7-310 Morris, Michael resident 2,06400 2,06400 000 000 2,06400 000 7-311 Tracas, Michael resident 1,53500 1,53500 000 000 1,53500 000 7-312 Witt, Alberta resident 17700 17700 000 000 17700 000 7-313 Teece, Daniel resident 60000 60000 000 000 60000 000 7-314 Cleek, Elizabeth resident 50000 50000 000 000 50000 000 7-315 Doyle, Melissa resident 60000 60000 000 000 60000 000 7-316 Seubert, Carl resident 50000 50000 000 000 50000 000 7-317 Zamani, Nahid resident 49000 49000 000 000 49000 000 7-318 Clavecilla, Christine resident 60000 60000 000 000 60000 000 7-401 Greenberg, Peter resident 1,10000 1,10000 000 000 1,10000 000 7-402 Wiesner, Martin resident 2,29200 2,29200 000 000 2,29200 000 7-403 Donorovich, Ashley resident 1,10000 1,10000 000 000 1,10000 000 7-404 Ogorodov, Denis resident 2,18000 2,18000 000 000 2,18000 000 7-405 Klug, David resident 50000 50000 000 000 50000 000 7-406 Marriott Execustay, * resident 50000 50000 000 000 50000 000 7-407 2-K TEK BUSINESS resident 1,67500 1,67500 000 000 1,67500 000 SOLUTIONS, LL, * 7-408 Carmody, Brian resident 60000 60000 000 000 60000 000 7-409 Percival, Jeffrey resident 2,55500 2,55500 000 000 2,55500 000 7-410 Collins, Nancy resident 90000 90000 000 000 90000 000

OneSite Rents v30 OneSite Reports-Holly Street Village Page 7 of 7 12/22/2011 3:32:41PM RESIDENT DEPOSIT AUDIT A/R-712-001 Parameters: Status - All; Order by - Unit Unit Name Status Move Out Date As of 12/20/2011 Total Dep Required Unit Deposit Pet Deposit Other Deposits Deposits On Hand Outstanding Deposit 7-G15 Astrero, James resident 60000 60000 000 000 60000 000 7-G17 Lee, Paul resident 2,38000 2,38000 000 000 2,38000 000 8-102 Hamer, Andrew resident 1,20000 1,20000 000 000 1,20000 000 8-103 Du, Jen-Hsiang resident 3,03400 3,03400 000 000 3,03400 000 8-104 Harston, Tiffany resident 2,17200 2,17200 000 000 2,17200 000 8-105 McFatter, Stuart Gavin resident 86000 86000 000 000 86000 000 8-106 Lukesh, Warren resident 50000 50000 000 000 50000 000 8-107 Kim, Boo resident 50000 50000 000 000 50000 000 8-108 Morel, Jose resident 50000 50000 000 000 50000 000 8-204 Izadi, Behat resident 60000 60000 000 000 60000 000 8-205 Urgelles, Jennifer resident 60000 60000 000 000 60000 000 8-206 Alvarez, Carlota resident 50000 50000 000 000 50000 000 8-207 Burchfield, Ryan resident 1,50800 1,50800 000 000 1,50800 000 8-208 Newson, Deborah resident 30000 30000 000 000 30000 000 8-209 Oakwood Corporate resident 50000 50000 000 000 50000 000 Housing, * 8-301 Meshkat, Leila resident 60000 60000 000 000 60000 000 8-302 Grzecka, Amy resident 50000 50000 000 000 50000 000 8-303 Rodriguez, Monica resident 50000 50000 000 000 50000 000 8-304 Aimaq, Rahim resident 60000 60000 000 000 60000 000 8-305 Gil, Ivonne resident 1,24100 1,24100 000 000 1,24100 000 8-306 Marriott ExecuStay, * resident 50000 50000 000 000 50000 000 8-307 Herlong, Dwight resident 50000 50000 000 000 50000 000 8-308 Vindeni, Mario resident 50000 50000 000 000 50000 000 8-309 Hodges, Jasmin resident 1,03800 1,03800 000 000 1,03800 000 8-401 Rivera, Reuben resident 50000 50000 000 000 50000 000 8-402 Wu, Yi-hsin resident 50000 50000 000 000 50000 000 8-403 Davis, Edward resident 50000 50000 000 000 50000 000 8-404 Wittmier, Shawn resident 60000 60000 000 000 60000 000 8-405 NEW ARMOUR, INC, * resident 60000 60000 000 000 60000 000 8-406 Martin, Robert resident 50000 50000 000 000 50000 000 8-407 Wada, Steven resident 60000 60000 000 000 60000 000 8-408 Turner, Kimmie resident 45000 45000 000 000 45000 000 8-409 Jimenez Paulino, Lara resident 50000 50000 000 000 50000 000 Jane 9-101 Reitz, Greg resident 000 000 000 000 000 000 9-102 Hargis, Paul resident 60000 60000 000 000 60000 000 9-104 Kushner, James resident 50000 50000 000 000 50000 000 9-201 Duque, Sergio resident 1,00000 1,00000 000 000 1,00000 000 9-202 Little, Matthew resident 60000 60000 000 000 60000 000 9-203 Kroger, Edward resident 60000 60000 000 000 60000 000 9-204 Brock, Misty resident 000 000 000 000 000 000 9-301 Tobia, Jr, Stephen resident 60000 60000 000 000 60000 000 9-302 Vega, Tanya resident 90000 90000 000 000 90000 000 9-303 Levitt, Cindy resident 60000 60000 000 000 60000 000 9-304 Wilson, Jack resident 60000 60000 000 000 60000 000 9-401 Kimball, Shelley resident 60000 60000 000 000 60000 000 9-402 Falls, Jonathan resident 79900 79900 000 000 79900 000 9-403 Staehling, Beth resident 60000 60000 000 000 60000 000 9-404 Griffith, Irene resident 60000 60000 000 000 60000 000 Sec 8 Adjustments, Section 8 resident 000 000 000 000 000 000 Totals: 293,73276 288,31076 000 000 288,31076 5,42200

Holly Street LP Schedule of Real Estate / Personal Property Taxes For the year ended 2011 DR (CR) 1816 1817 2357 8310 8335 Real Estate Prepaid Prepaid Real Accrued Real Real Estate CFD Area SUMMARY OF CURRENT REAL ESTATE / PERSONAL PROPERTY TAX BILLS ON FILE Escrow CFD Taxes Estate Taxes Estate Taxes Tax Expense Tax Expense Taxing Due Discount Balance per G/L @ 01-Mar-11 000 000 (222,63029) (147,52604) 75,99376 Parcel # Tax Year Authority Date(s) Amount Terms 5723 019 024 7/01/2010 - COUNTY 12/10/10 813,58251 6/30/2011 04/10/11 year RET accrual (891,73213) 891,73213 (see supporting calc below) 5723 019 021 7/01/2010 - COUNTY 12/10/10 35,39262 6/30/2011 04/10/11 CFD Area tax accrual (455,96328) 455,96328 5723 019 022 7/01/2010 - COUNTY 12/10/10 11,41908 City of Pasadena 6/30/2011 04/10/11 LA County Tax Payment 441,68861 5723 019 023 7/01/2010 - COUNTY 12/10/10 24,76206 LA County Tax Payment 6/30/2011 04/10/11 Prepaid Tax - May/June 2011 147,52604 (147,52604) Reclass Prepaid Personal Prop Tax 88951 Prepaid Tax - May 2011 (73,76302) 73,76302 TOTAL CASH BASIS EXPENSE (FISCAL YEAR) 885,15627 Prepaid Tax - May 2011 (73,76302) 73,76302 CFD Area tax payment 06/11 227,98125 CFD Area tax payment 10/11 227,98125 LA County Tax Payment 449,92821 Reclass Prepaid Personal Prop Tax 77422 (77422) 079 (068) (012) Total Real Estate Taxes 77422 - (000) 891,73145 455,96316 Balance per G/L @ 12/31/11 77422 000 000 891,73145 455,96316 000 000 000 001 000 Supporting Calculations: Actual 2010-2011 12/10/2010 4/10/2011 07/11-12/11 LA County RE Tax Payments-Actual $ 442,57814 $ 442,57814 $ 449,92821 year RET accrual 73,76302 73,76302 74,85900 CFD Area tax accrual BUDGET 37,99688 \\saresfs01\personal\stan\documents\sharepoint Drafts\[543 Prop Tax Schedulexls]12-11

Holly Street LP Schedule of Insurance For the year ended 2011 DR (CR) Insurance Prepaid Insurance POLICY TYPE Escrow Insurance 1812 Expense 8350 Balance @ 1/1/11 25,98744 000 Payment of insurance premiums 151,04663 Other Insurance Expense Total prior year premiums (25,98780) 25,98780 Insurance Policy Summary Accrue Year Insurance Insurance Premiums Policy Term Monthly Mo's of Mo's of year policies: (cash basis) Term (in months) Expense Expense Prepaid Environmental 000 000 - Environmental 12-10 2 California Earthquake (11,00951) 11,00951 13,21141 California Earthquake 12 1,10095 10 2 General Liability (3,49984) 3,49984 4,19981 General Liability 12 34998 10 2 Property/Excess Property (101,11568) 101,11568 121,33882 Property/Excess Prope 12 10,11157 10 2 Service Fee (4,12794) 4,12794 4,95353 Service Fee 12 41279 10 2 Umbrella/Excess Liability (1,95252) 1,95252 2,34302 Umbrella/Excess Liabil 12 19525 10 2 Loss Fund (3,49568) 3,49568 4,19481 Loss Fund 12 34957 10 2 TPA Cost (67103) 67103 80524 TPA Cost 12 6710 10 2 000 000 151,04663 12,58722 Total current year premiums (125,87220) 125,87220 Total premiums 25,17407 151,86000 Balance per G/L December-11 25,17434 151,85973 027 (027) \\saresfs01\personal\stan\documents\sharepoint Drafts\[543 Owner Insurance Schedulexls]11-11

R09313 1/5/2012 15:32:18 SRG0001 Payment Register Page - 1 Check Register - All Payment Types With Voids Batch Number Pay Type Payment Number Check Date Supplier Number Name LT Account Number Description Amount 848569 PO 12450 6/9/2011 1526361 Jones, Roy AA 5431122 Holly Street General Checking 61276 Supplier Jones, Roy 61276 Check Date 6/9/2011 61276 Batch Number 848569 61276 859211 PK 12939 12/1/2011 807146 9155 AA 5431122 Holly Street General Checking 18865- Supplier 9155 18865- PK 12940 12/1/2011 1283911 American Utility Management, I AA 5431122 Holly Street General Checking 1,44950- Supplier American Utility Management, I 1,44950- PK 12941 12/1/2011 976476 Apt Personnel Staffing AA 5431122 Holly Street General Checking 1,55621- Supplier Apt Personnel Staffing 1,55621- PK 12942 12/1/2011 16342 Coast Appliance Parts & AA 5431122 Holly Street General Checking 42430- Supplier Coast Appliance Parts & 42430- PK 12943 12/1/2011 8253 Dewey Pest & Termite Control AA 5431122 Holly Street General Checking 1,77500- Supplier Dewey Pest & Termite Control 1,77500- PK 12944 12/1/2011 505631 Grinnell Window Cleaning, Inc AA 5431122 Holly Street General Checking 21300- Supplier Grinnell Window Cleaning, Inc 21300- PK 12945 12/1/2011 1168358 HD Supply Facilities Maintenan AA 5431122 Holly Street General Checking 1,08442- Supplier HD Supply Facilities Maintenan 1,08442- PK 12946 12/1/2011 1553921 Lee, Andrew AA 5431122 Holly Street General Checking 35500- Supplier Lee, Andrew 35500- PK 12947 12/1/2011 1551911 Lutz, Bonnie AA 5431122 Holly Street General Checking 12847- Supplier Lutz, Bonnie 12847- PK 12948 12/1/2011 1565761 Lux, Anna AA 5431122 Holly Street General Checking 23048- Supplier Lux, Anna 23048- PK 12949 12/1/2011 944511 AA 5431122 Holly Street General Checking 2,50000- Supplier 2,50000- PK 12950 12/1/2011 27 Sares Regis Management Company AA 5431122 Holly Street General Checking 1,81926- Supplier Sares Regis Management Company 1,81926- PK 12951 12/1/2011 703355 Summit Air Conditioning AA 5431122 Holly Street General Checking 10,30875-

R09313 SRG0001 Batch Number 1/5/2012 15:32:18 Payment Register Page - 2 Check Register - All Payment Types With Voids Pay Payment Check Supplier Type Number Date Number Name LT Account Number Description Amount Supplier Summit Air Conditioning 10,30875- PK 12952 12/1/2011 1229392 Sunrise Pools AA 5431122 Holly Street General Checking 32500- Supplier Sunrise Pools Check Date 12/1/2011 32500-22,35804- Supplier American Utility Management, I Check Date 12/31/2011 Batch Number 859211 22,35804-859358 PN 54311231 12/31/2011 1283911 American Utility Management, I AA 5431122 Holly Street General Checking 6557-6557- 6557- Supplier SARES-REGIS Group Check Date 12/31/2011 Batch Number 859358 6557-859521 PN 54311232 12/31/2011 10 SARES-REGIS Group AA 5431122 Holly Street General Checking 11,82890-11,82890-11,82890- Supplier American Utility Management, I Check Date 12/1/2011 Batch Number 859521 11,82890-859739 PN 5431130 12/1/2011 1283911 American Utility Management, I AA 5431122 Holly Street General Checking 18,35570-18,35570-18,35570- Batch Number 859739 18,35570-859754 PK 12953 12/1/2011 976476 Apt Personnel Staffing AA 5431122 Holly Street General Checking 4129- Supplier Apt Personnel Staffing 4129- PK 12954 12/1/2011 9279 ArrowheadDrinkingWater AA 5431122 Holly Street General Checking 19296- Supplier ArrowheadDrinkingWater 19296- PK 12955 12/1/2011 1360876 ASCI Security AA 5431122 Holly Street General Checking 25000- Supplier ASCI Security 25000- PK 12956 12/1/2011 298370 Cam Services, Inc AA 5431122 Holly Street General Checking 5,28000- Supplier Cam Services, Inc 5,28000- PK 12957 12/1/2011 80602 Classic Tub Repair AA 5431122 Holly Street General Checking 78000- Supplier Classic Tub Repair 78000- PK 12958 12/1/2011 785240 Fire Safety First AA 5431122 Holly Street General Checking 82500- Supplier Fire Safety First 82500- PK 12959 12/1/2011 519531 For Rent Magazine AA 5431122 Holly Street General Checking 60900-

R09313 SRG0001 Batch Number 1/5/2012 15:32:18 Payment Register Page - 3 Check Register - All Payment Types With Voids Pay Payment Check Supplier Type Number Date Number Name LT Account Number Description Amount Supplier For Rent Magazine 60900- PK 12960 12/1/2011 1567001 Franchi, Claudia AA 5431122 Holly Street General Checking 38887- Supplier Franchi, Claudia 38887- PK 12961 12/1/2011 42817 General Electric Co AA 5431122 Holly Street General Checking 1,73783- Supplier General Electric Co 1,73783- PK 12962 12/1/2011 189288 Great American Business Prod AA 5431122 Holly Street General Checking 30767- Supplier Great American Business Prod 30767- PK 12963 12/1/2011 1168358 HD Supply Facilities Maintenan AA 5431122 Holly Street General Checking 91735- Supplier HD Supply Facilities Maintenan 91735- PK 12964 12/1/2011 1567011 Iturbe, Nicole AA 5431122 Holly Street General Checking 51724- Supplier Iturbe, Nicole 51724- PK 12965 12/1/2011 1308613 Lead Tracking Solutions AA 5431122 Holly Street General Checking 14900- Supplier Lead Tracking Solutions 14900- PK 12966 12/1/2011 1050579 Move Sales, Inc AA 5431122 Holly Street General Checking 9500- Supplier Move Sales, Inc 9500- PK 12967 12/1/2011 1080410 MyNewPlace AA 5431122 Holly Street General Checking 17500- Supplier MyNewPlace 17500- PK 12968 12/1/2011 338829 Pasadena Chamber of Commerce AA 5431122 Holly Street General Checking 47000- Supplier Pasadena Chamber of Commerce 47000- PK 12969 12/1/2011 545414 Pasadena, City of AA 5431122 Holly Street General Checking 31260- Supplier Pasadena, City of 31260- PK 12970 12/1/2011 1284181 PMJobscom AA 5431122 Holly Street General Checking 11000- Supplier PMJobscom 11000- PK 12971 12/1/2011 920069 Rainbow Carpet Cleaners AA 5431122 Holly Street General Checking 92400- Supplier Rainbow Carpet Cleaners 92400- PK 12972 12/1/2011 111405 Regency Lighting AA 5431122 Holly Street General Checking 79609- Supplier Regency Lighting 79609- PK 12973 12/1/2011 705502 RentCom AA 5431122 Holly Street General Checking 92700- Supplier RentCom 92700-

R09313 SRG0001 Batch Number 1/5/2012 15:32:18 Payment Register Page - 4 Check Register - All Payment Types With Voids Pay Payment Check Supplier Type Number Date Number Name LT Account Number Description Amount PK 12974 12/1/2011 27 Sares Regis Management Company AA 5431122 Holly Street General Checking 1,00162- Supplier Sares Regis Management Company 1,00162- PK 12975 12/1/2011 1126414 Staples Advantage AA 5431122 Holly Street General Checking 30074- Supplier Staples Advantage 30074- PK 12976 12/1/2011 1483817 Total Access Elevator AA 5431122 Holly Street General Checking 20000- Supplier Total Access Elevator 20000- PK 12977 12/1/2011 857750 Wells Law Group, APC AA 5431122 Holly Street General Checking 11460- Supplier Wells Law Group, APC 11460- PK 12978 12/1/2011 1518098 Whisk Cleaning Services, Inc AA 5431122 Holly Street General Checking 99000- Supplier Whisk Cleaning Services, Inc 99000- PK 12979 12/1/2011 274538 Wilmar AA 5431122 Holly Street General Checking 13800- Supplier Regency Lighting 79609 Check Date 12/1/2011 Supplier Wilmar 13800- PO 12972 12/1/2011 111405 Regency Lighting AA 5431122 Holly Street General Checking 79609 17,75477- Supplier Deutsche Bank Check Date 12/31/2011 Batch Number 859754 17,75477-859759 PN 54312012 12/31/2011 119790 Deutsche Bank AA 5431122 Holly Street General Checking 32,14167-32,14167-32,14167- Batch Number 859759 32,14167-860090 PK 12980 12/7/2011 1168358 HD Supply Facilities Maintenan AA 5431122 Holly Street General Checking 1,41451- Supplier HD Supply Facilities Maintenan 1,41451- PK 12981 12/7/2011 270967 Regency Lighting AA 5431122 Holly Street General Checking 79609- Supplier Regency Lighting 79609- PK 12982 12/7/2011 1568211 Talancon, Jose Luis & Escobar AA 5431122 Holly Street General Checking 22945- Supplier Talancon, Jose Luis & Escobar Check Date 12/7/2011 22945-2,44005- Batch Number 860090 2,44005-860228 PN 54312071 12/7/2011 1283911 American Utility Management, I AA 5431122 Holly Street General Checking 5,29213-

R09313 1/5/2012 15:32:18 SRG0001 Batch Number Pay Type Payment Number Check Date Payment Register Page - 5 Check Register - All Payment Types With Voids Supplier Number Name LT Account Number Description Amount Supplier American Utility Management, I 5,29213- Check Date 12/7/2011 5,29213- Supplier Deutsche Bank Check Date 12/31/2011 Batch Number 860228 5,29213-860427 PN 54312013 12/31/2011 119790 Deutsche Bank AA 5431122 Holly Street General Checking 136,59438-136,59438-136,59438- Batch Number 860427 136,59438-860479 PK 12983 12/13/2011 27 Sares Regis Management Company AA 5431122 Holly Street General Checking 25,19641- Supplier Sares Regis Management Company 25,19641- PK 12984 12/13/2011 10 SARES-REGIS Group AA 5431122 Holly Street General Checking 9,73781- Supplier SARES-REGIS Group Check Date 12/13/2011 9,73781-34,93422- Batch Number 860479 34,93422-860615 PK 12985 12/14/2011 1316672 Apartment Newsletterscom AA 5431122 Holly Street General Checking 17610- Supplier Apartment Newsletterscom 17610- PK 12986 12/14/2011 976476 Apt Personnel Staffing AA 5431122 Holly Street General Checking 4,44609- Supplier Apt Personnel Staffing 4,44609- PK 12987 12/14/2011 18055 Benrich Service Company, Inc AA 5431122 Holly Street General Checking 65000- Supplier Benrich Service Company, Inc 65000- PK 12988 12/14/2011 298370 Cam Services, Inc AA 5431122 Holly Street General Checking 5,28000- Supplier Cam Services, Inc 5,28000- PK 12989 12/14/2011 80602 Classic Tub Repair AA 5431122 Holly Street General Checking 1,92681- Supplier Classic Tub Repair 1,92681- PK 12990 12/14/2011 8253 Dewey Pest & Termite Control AA 5431122 Holly Street General Checking 29900- Supplier Dewey Pest & Termite Control 29900- PK 12991 12/14/2011 1375390 Diaz, Tomi AA 5431122 Holly Street General Checking 17716- Supplier Diaz, Tomi 17716- PK 12992 12/14/2011 943981 Executive Amenities, inc AA 5431122 Holly Street General Checking 19500- Supplier Executive Amenities, inc 19500- PK 12993 12/14/2011 9084 Federal Express AA 5431122 Holly Street General Checking 16312-

R09313 SRG0001 Batch Number 1/5/2012 15:32:18 Payment Register Page - 6 Check Register - All Payment Types With Voids Pay Payment Check Supplier Type Number Date Number Name LT Account Number Description Amount Supplier Federal Express 16312- PK 12994 12/14/2011 1315021 Fire-N-Ice Heating & A/C AA 5431122 Holly Street General Checking 23000- Supplier Fire-N-Ice Heating & A/C 23000- PK 12995 12/14/2011 519531 For Rent Magazine AA 5431122 Holly Street General Checking 60900- Supplier For Rent Magazine 60900- PK 12996 12/14/2011 797531 Frazee Paint AA 5431122 Holly Street General Checking 5228- Supplier Frazee Paint 5228- PK 12997 12/14/2011 1156154 Golden State Fire Extinguisher AA 5431122 Holly Street General Checking 75000- Supplier Golden State Fire Extinguisher 75000- PK 12998 12/14/2011 189288 Great American Business Prod AA 5431122 Holly Street General Checking 22400- Supplier Great American Business Prod 22400- PK 12999 12/14/2011 1168358 HD Supply Facilities Maintenan AA 5431122 Holly Street General Checking 6,41349- Supplier HD Supply Facilities Maintenan 6,41349- PK 13000 12/14/2011 1549821 Karimi, Koroush John AA 5431122 Holly Street General Checking 10000- Supplier Karimi, Koroush John 10000- PK 13001 12/14/2011 1549811 Karimi, Roxana AA 5431122 Holly Street General Checking 10000- Supplier Karimi, Roxana 10000- PK 13002 12/14/2011 1377176 Leaselabs AA 5431122 Holly Street General Checking 76289- Supplier Leaselabs 76289- PK 13003 12/14/2011 1050579 Move Sales, Inc AA 5431122 Holly Street General Checking 6500- Supplier Move Sales, Inc 6500- PK 13004 12/14/2011 1331346 National Glass AA 5431122 Holly Street General Checking 22831- Supplier National Glass 22831- PK 13005 12/14/2011 1567191 Oakwood Corporate Housing, * AA 5431122 Holly Street General Checking 5286- Supplier Oakwood Corporate Housing, * 5286- PK 13006 12/14/2011 1514100 Ops Technology, Inc AA 5431122 Holly Street General Checking 67637- Supplier Ops Technology, Inc 67637- PK 13007 12/14/2011 1462688 Purchase Power AA 5431122 Holly Street General Checking 33761- Supplier Purchase Power 33761-

R09313 SRG0001 Batch Number 1/5/2012 15:32:18 Payment Register Page - 7 Check Register - All Payment Types With Voids Pay Payment Check Supplier Type Number Date Number Name LT Account Number Description Amount PK 13008 12/14/2011 920069 Rainbow Carpet Cleaners AA 5431122 Holly Street General Checking 24500- Supplier Rainbow Carpet Cleaners 24500- PK 13009 12/14/2011 111405 Regency Lighting AA 5431122 Holly Street General Checking 1,02890- Supplier Regency Lighting 1,02890- PK 13010 12/14/2011 270967 Regency Lighting AA 5431122 Holly Street General Checking 75589- Supplier Regency Lighting 75589- PK 13011 12/14/2011 944511 AA 5431122 Holly Street General Checking 14,04500- Supplier 14,04500- PK 13012 12/14/2011 705502 RentCom AA 5431122 Holly Street General Checking 1,04700- Supplier RentCom 1,04700- PK 13013 12/14/2011 10 SARES-REGIS Group AA 5431122 Holly Street General Checking 1237- Supplier SARES-REGIS Group 1237- PK 13014 12/14/2011 1082394 Sinacori Plumbing AA 5431122 Holly Street General Checking 37500- Supplier Sinacori Plumbing 37500- PK 13015 12/14/2011 1126414 Staples Advantage AA 5431122 Holly Street General Checking 33128- Supplier Staples Advantage 33128- PK 13016 12/14/2011 1569411 Warnock, Janae AA 5431122 Holly Street General Checking 9536- Supplier Warnock, Janae 9536- PK 13017 12/14/2011 857750 Wells Law Group, APC AA 5431122 Holly Street General Checking 94960- Supplier Wells Law Group, APC 94960- PK 13018 12/14/2011 274538 Wilmar AA 5431122 Holly Street General Checking 43123- Supplier Wilmar Check Date 12/14/2011 43123-43,23172- Supplier American Utility Management, I Check Date 12/15/2011 Batch Number 860615 43,23172-860691 PN 54312151 12/15/2011 1283911 American Utility Management, I AA 5431122 Holly Street General Checking 1280-1280- 1280- Batch Number 860691 1280- Grand Total 324,39719-

R04423C 1/5/2012 15:35:47 SRG0001 "As-Of"A/P Detail by Supplier with Remarks and Net Amounts Page - 1 AsOf 12/31/2011 Company Holly Street LP General Electric Co 42817 Invoice Number Invoice Date Ty Document Number Ref Co Itm Due Date Original Amount Open Amount Discount Available Net Amount Pay Stat Remark 82-619288 8/24/2011 PD 2132367 001 10/31/2011 70688-70688- 70688- A #1-418 RETURN DAMAGED FRIDGE General Electric Co 42817 70688-70688- 70688- HD Supply Facilities Maintenance, Ltd 1168358 9109345565 6/23/2011 PD 2132382 001 10/31/2011 9795-9795- 9795- A #9-104 KITCHEN CABINETS HD Supply Facilities Maintenance, Ltd 1168358 9795-9795- 9795- Wilmar 274538 24819051 7/8/2011 PV 2150478 001 7/8/2011 4271 4271 4271 A Cust# 47824-00000-WIL Wilmar 274538 4271 4271 4271 Holly Street LP 76212-76212- 76212- Grand Total: 76212-76212- 76212-

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 1 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Holly Street LP 5431111 Petty Cash 5431122 Holly Street General Checking Balance Forward 35000 35000 Object Account Total 35000 35000 Balance Forward 62,57322 62,57322 12/01/11 funding JE 450670 12/31/2011 80,00000 AA P 859768 12/01/11 funding 543 FUNDING 12-07-11 JE 450881 12/31/2011 17,00000 AA P 860148 12-07-11 FUNDING 543 12-12-11 FUNDING JE 450970 12/31/2011 157,00000 AA P 860429 12/12/11 FUNDING 12-14-11 FUNDING JE 451115 12/31/2011 28,00000 AA P 860629 12/14/11 FUNDING 12-22-11 FUNDING JE 451521 12/31/2011 18,00000 AA P 861268 12/22/11 FUNDING American Utility Management, I PN 54311231 12/31/2011 6557- AA P 859358 SARES-REGIS Group PN 54311232 12/31/2011 11,82890- AA P 859521 Deutsche Bank PN 54312012 12/31/2011 32,14167- AA P 859759 Deutsche Bank PN 54312013 12/31/2011 136,59438- AA P 860427 Jones, Roy PO 12450 12/31/2011 61276 AA P 848569 American Utility Management, I PN 54312151 12/15/2011 1280- AA P 860691 Apartment Newsletterscom PK 12985 12/14/2011 17610- AA P 860615 Apt Personnel Staffing PK 12986 12/14/2011 4,44609- AA P 860615 Benrich Service Company, Inc PK 12987 12/14/2011 65000- AA P 860615 Cam Services, Inc PK 12988 12/14/2011 5,28000- AA P 860615 Classic Tub Repair PK 12989 12/14/2011 1,92681- AA P 860615 Dewey Pest & Termite Control PK 12990 12/14/2011 29900- AA P 860615 Diaz, Tomi PK 12991 12/14/2011 17716- AA P 860615 Executive Amenities, inc PK 12992 12/14/2011 19500- AA P 860615 Federal Express PK 12993 12/14/2011 16312- AA P 860615 Fire-N-Ice Heating & A/C PK 12994 12/14/2011 23000- AA P 860615 For Rent Magazine PK 12995 12/14/2011 60900- AA P 860615 Frazee Paint PK 12996 12/14/2011 5228- AA P 860615 Golden State Fire Extinguisher PK 12997 12/14/2011 75000- AA P 860615 Great American Business Prod PK 12998 12/14/2011 22400- AA P 860615 HD Supply Facilities Maintenan PK 12999 12/14/2011 6,41349- AA P 860615 Karimi, Koroush John PK 13000 12/14/2011 10000- AA P 860615 Karimi, Roxana PK 13001 12/14/2011 10000- AA P 860615 Leaselabs PK 13002 12/14/2011 76289- AA P 860615 Move Sales, Inc PK 13003 12/14/2011 6500- AA P 860615

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 2 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch National Glass PK 13004 12/14/2011 22831- AA P 860615 Oakwood Corporate Housing, * PK 13005 12/14/2011 5286- AA P 860615 Ops Technology, Inc PK 13006 12/14/2011 67637- AA P 860615 Purchase Power PK 13007 12/14/2011 33761- AA P 860615 Rainbow Carpet Cleaners PK 13008 12/14/2011 24500- AA P 860615 Regency Lighting PK 13009 12/14/2011 1,02890- AA P 860615 Regency Lighting PK 13010 12/14/2011 75589- AA P 860615 PK 13011 12/14/2011 14,04500- AA P 860615 RentCom PK 13012 12/14/2011 1,04700- AA P 860615 SARES-REGIS Group PK 13013 12/14/2011 1237- AA P 860615 Sinacori Plumbing PK 13014 12/14/2011 37500- AA P 860615 Staples Advantage PK 13015 12/14/2011 33128- AA P 860615 Warnock, Janae PK 13016 12/14/2011 9536- AA P 860615 Wells Law Group, APC PK 13017 12/14/2011 94960- AA P 860615 Wilmar PK 13018 12/14/2011 43123- AA P 860615 Sares Regis Management Company PK 12983 12/13/2011 25,19641- AA P 860479 SARES-REGIS Group PK 12984 12/13/2011 9,73781- AA P 860479 HD Supply Facilities Maintenan PK 12980 12/7/2011 1,41451- AA P 860090 Regency Lighting PK 12981 12/7/2011 79609- AA P 860090 Talancon, Jose Luis & Escobar PK 12982 12/7/2011 22945- AA P 860090 American Utility Management, I PN 54312071 12/7/2011 5,29213- AA P 860228 9155 PK 12939 12/1/2011 18865- AA P 859211 American Utility Management, I PK 12940 12/1/2011 1,44950- AA P 859211 Apt Personnel Staffing PK 12941 12/1/2011 1,55621- AA P 859211 Coast Appliance Parts & PK 12942 12/1/2011 42430- AA P 859211 Dewey Pest & Termite Control PK 12943 12/1/2011 1,77500- AA P 859211 Grinnell Window Cleaning, Inc PK 12944 12/1/2011 21300- AA P 859211 HD Supply Facilities Maintenan PK 12945 12/1/2011 1,08442- AA P 859211 Lee, Andrew PK 12946 12/1/2011 35500- AA P 859211 Lutz, Bonnie PK 12947 12/1/2011 12847- AA P 859211 Lux, Anna PK 12948 12/1/2011 23048- AA P 859211 PK 12949 12/1/2011 2,50000- AA P 859211 Sares Regis Management Company PK 12950 12/1/2011 1,81926- AA P 859211 Summit Air Conditioning PK 12951 12/1/2011 10,30875- AA P 859211 Sunrise Pools PK 12952 12/1/2011 32500- AA P 859211 Apt Personnel Staffing PK 12953 12/1/2011 4129- AA P 859754 ArrowheadDrinkingWater PK 12954 12/1/2011 19296- AA P 859754 ASCI Security PK 12955 12/1/2011 25000- AA P 859754 Cam Services, Inc PK 12956 12/1/2011 5,28000- AA P 859754 Classic Tub Repair PK 12957 12/1/2011 78000- AA P 859754

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 3 From Date - 12/1/2011 Thru Date - 12/31/2011 5431122 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Fire Safety First PK 12958 12/1/2011 82500- AA P 859754 For Rent Magazine PK 12959 12/1/2011 60900- AA P 859754 Franchi, Claudia PK 12960 12/1/2011 38887- AA P 859754 General Electric Co PK 12961 12/1/2011 1,73783- AA P 859754 Great American Business Prod PK 12962 12/1/2011 30767- AA P 859754 HD Supply Facilities Maintenan PK 12963 12/1/2011 91735- AA P 859754 Iturbe, Nicole PK 12964 12/1/2011 51724- AA P 859754 Lead Tracking Solutions PK 12965 12/1/2011 14900- AA P 859754 Move Sales, Inc PK 12966 12/1/2011 9500- AA P 859754 MyNewPlace PK 12967 12/1/2011 17500- AA P 859754 Pasadena Chamber of Commerce PK 12968 12/1/2011 47000- AA P 859754 Pasadena, City of PK 12969 12/1/2011 31260- AA P 859754 PMJobscom PK 12970 12/1/2011 11000- AA P 859754 Rainbow Carpet Cleaners PK 12971 12/1/2011 92400- AA P 859754 Regency Lighting PK 12972 12/1/2011 79609- AA P 859754 RentCom PK 12973 12/1/2011 92700- AA P 859754 Sares Regis Management Company PK 12974 12/1/2011 1,00162- AA P 859754 Staples Advantage PK 12975 12/1/2011 30074- AA P 859754 Total Access Elevator PK 12976 12/1/2011 20000- AA P 859754 Wells Law Group, APC PK 12977 12/1/2011 11460- AA P 859754 Whisk Cleaning Services, Inc PK 12978 12/1/2011 99000- AA P 859754 Wilmar PK 12979 12/1/2011 13800- AA P 859754 American Utility Management, I PN 5431130 12/1/2011 18,35570- AA P 859739 Regency Lighting PO 12972 12/1/2011 79609 AA P 859754 Holly Street General Checking 5431123 Cash-Rehab 5431123 Period Total 301,40885 325,80604-24,39719- Account Total 363,98207 325,80604-38,17603 Object Account Total 363,98207 325,80604-38,17603 Balance Forward 4,82540 4,82540 12/11 Funding for Draw#25 JE 451441 12/31/2011 19,02236 AA P 861065 Funding for Draw #25 Cash-Rehab 5431126 Cash-Rental Account Period Total 19,02236 19,02236 Account Total 23,84776 23,84776 Object Account Total 23,84776 23,84776 Balance Forward 33,43155 33,43155 543 11-11 Bank Rec JE 450929 12/31/2011 500- AA P 860287 Merchant Bankcard Fee 543 11-11 Bank Rec JE 450929 12/31/2011 23165- AA P 860287

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 4 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Billing Fee Ty Document Date Co Debit Credit Balance LT C Batch 543 11-11 Bank Rec JE 450929 12/31/2011 7,01541- AA P 860287 EFT 11/22/11 543 11-11 Bank Rec JE 450929 12/31/2011 7,57390- AA P 860287 EFT 11/23/11 543 11-11 Bank Rec JE 450929 12/31/2011 3,52175- AA P 860287 EFT 11/25/11 543 11-11 Bank Rec JE 450929 12/31/2011 3,21244- AA P 860287 EFT 11/28/11 543 11-11 Bank Rec JE 450929 12/31/2011 13,50320- AA P 860287 EFT 11/29/11 543 11-11 Bank Rec JE 450929 12/31/2011 16,68709- AA P 860287 EFT 11/30/11 EFT 12/11 JE 451423 12/31/2011 33,24131- AA P 861035 12/01/11 EFT 12/11 JE 451423 12/31/2011 40,23110- AA P 861035 12/02/11 EFT 12/11 JE 451423 12/31/2011 26,44946- AA P 861035 12/05/11 EFT 12/11 JE 451423 12/31/2011 148,03239- AA P 861035 12/06/11 EFT 12/11 JE 451423 12/31/2011 113,45991- AA P 861035 12/07/11 EFT 12/11 JE 451423 12/31/2011 176,92463- AA P 861035 12/08/11 EFT 12/11 JE 451423 12/31/2011 50,22587- AA P 861035 12/09/11 EFT 12/11 JE 451423 12/31/2011 3,99221- AA P 861035 12/12/11 EFT 12/11 JE 451423 12/31/2011 12,73257- AA P 861035 12/13/11 EFT 12/11 JE 451423 12/31/2011 16,38788- AA P 861035 12/14/11 EFT 12/11 JE 451423 12/31/2011 2,13480- AA P 861035 12/15/11 EFT 12/11 JE 451423 12/31/2011 13,98626- AA P 861035 12/16/11 Rental Activity JE 451503 12/20/2011 21,38099 AA P 861251 Cash-Rental Account Rental Activity JE 451503 12/20/2011 667,40478 AA P 861251 Cash-Rental Account 5431126 Cash-Rental Account Period Total 688,78577 689,54883-76306- Account Total 722,21732 689,54883-32,66849 Object Account Total 722,21732 689,54883-32,66849

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 5 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5431133 Cash-Money Market Balance Forward 142,67164 142,67164 12/01/11 funding JE 450670 12/31/2011 80,00000- AA P 859768 12/01/11 funding 543 FUNDING 12-07-11 JE 450881 12/31/2011 17,00000- AA P 860148 12-07-11 FUNDING 543 11-11 Bank Rec JE 450929 12/31/2011 12000 AA P 860287 Interest 543 11-11 Bank Rec JE 450929 12/31/2011 7,01541 AA P 860287 EFT 11/22/11 543 11-11 Bank Rec JE 450929 12/31/2011 7,57390 AA P 860287 EFT 11/23/11 543 11-11 Bank Rec JE 450929 12/31/2011 3,52175 AA P 860287 EFT 11/25/11 543 11-11 Bank Rec JE 450929 12/31/2011 3,21244 AA P 860287 EFT 11/28/11 543 11-11 Bank Rec JE 450929 12/31/2011 13,50320 AA P 860287 EFT 11/29/11 543 11-11 Bank Rec JE 450929 12/31/2011 16,68709 AA P 860287 EFT 11/30/11 543 12-12-11 FUNDING JE 450970 12/31/2011 157,00000- AA P 860429 12/12/11 FUNDING 12-14-11 FUNDING JE 451115 12/31/2011 28,00000- AA P 860629 12/14/11 FUNDING EFT 12/11 JE 451423 12/31/2011 33,24131 AA P 861035 12/01/11 EFT 12/11 JE 451423 12/31/2011 40,23110 AA P 861035 12/02/11 EFT 12/11 JE 451423 12/31/2011 26,44946 AA P 861035 12/05/11 EFT 12/11 JE 451423 12/31/2011 148,03239 AA P 861035 12/06/11 EFT 12/11 JE 451423 12/31/2011 113,45991 AA P 861035 12/07/11 EFT 12/11 JE 451423 12/31/2011 176,92463 AA P 861035 12/08/11 EFT 12/11 JE 451423 12/31/2011 50,22587 AA P 861035 12/09/11 EFT 12/11 JE 451423 12/31/2011 3,99221 AA P 861035 12/12/11 EFT 12/11 JE 451423 12/31/2011 12,73257 AA P 861035 12/13/11 EFT 12/11 JE 451423 12/31/2011 16,38788 AA P 861035 12/14/11 EFT 12/11 JE 451423 12/31/2011 2,13480 AA P 861035

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 6 From Date - 12/1/2011 Thru Date - 12/31/2011 5431133 Account Description Do G/L Amount P G/L Account Explanation/Remark 12/15/11 Ty Document Date Co Debit Credit Balance LT C Batch EFT 12/11 JE 451423 12/31/2011 13,98626 AA P 861035 12/16/11 12-22-11 FUNDING JE 451521 12/31/2011 18,00000- AA P 861268 12/22/11 FUNDING 12/11 Cash Distribution JE 451541 12/31/2011 338,00000- AA P 861367 12/11 Distribution Cash-Money Market 5431143 Cash-Security Deposits 5431143 Period Total 689,43218 638,00000-51,43218 Account Total 832,10382 638,00000-194,10382 Object Account Total 832,10382 638,00000-194,10382 Balance Forward 268,76801 268,76801 543 11-11 Bank Rec JE 450929 12/31/2011 7732 AA P 860287 Interest Cash-Security Deposits 5431173 Cash-Civic Center Res 5431212 Resident Receivables Period Total 7732 7732 Account Total 268,84533 268,84533 Object Account Total 268,84533 268,84533 Balance Forward 1,329,06680 1,329,06680 Object Account Total 1,329,06680 1,329,06680 Rental Activity Resident Receivables Rental Activity Resident Receivables Rental Activity Resident Receivables Rental Activity Resident Receivables Balance Forward 21,45216 21,45216 JE 451503 12/20/2011 653,58868 AA P 861251 JE 451503 12/20/2011 17,96080 AA P 861251 JE 451503 12/20/2011 658,61278- AA P 861251 JE 451503 12/20/2011 21,38099- AA P 861251 5431212 Resident Receivables 5431213 A/R Contra-Unearned Rent Period Total 671,54948 679,99377-8,44429- Account Total 693,00164 679,99377-13,00787 Object Account Total 693,00164 679,99377-13,00787 5431213 Rental Activity A/R Contra-Unearned Rent A/R Contra-Unearned Rent Balance Forward 29,69826-29,69826- JE 451503 12/20/2011 12,46783- AA P 861251 Period Total 12,46783-12,46783- Account Total 42,16609-42,16609-

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 7 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Object Account Total 42,16609-42,16609-5431265 Due For Payroll Balance Forward 1,183,51559-1,183,51559- Object Account Total 1,183,51559-1,183,51559-5431312 Developed Land 54313338901 Appliances Balance Forward 13,372,69745 13,372,69745 Object Account Total 13,372,69745 13,372,69745 Balance Forward 198,53113 198,53113 54313338917 Countertops Balance Forward 170,17200 170,17200 54313338945 Interior Building Balance Forward 23,82570 23,82570 54313338961 Interior Painting Balance Forward 46,78500 46,78500 54313338963 Plumbing Balance Forward 56,74356 56,74356 54313338997 Supervision Fee Sares Regis Management Company 10/11 REHAB FEE WIP II Balance Forward 38,08802 38,08802 PV 2150392 12/31/2011 1,59657 AA P 859111 54313338997 Supervision Fee 5431341 Multi-Family 54313428901 Appliances Period Total 1,59657 1,59657 Account Total 39,68459 39,68459 Object Account Total 535,74198 535,74198 Balance Forward 64,524,29698 64,524,29698 Object Account Total 64,524,29698 64,524,29698 Balance Forward 62,64778 62,64778 54313428907 Brochures (Lease Up) Balance Forward 25,93880 25,93880 54313428909 Building Lighting Balance Forward 40,59501 40,59501 54313428911 Cabinets/Closets 54313428927 Elevators & Escalators Balance Forward 688,39830 688,39830

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 8 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Balance Forward 9,27450 9,27450 54313428935 Floor Coverings Balance Forward 293,70837 293,70837 54313428939 HVAC Balance Forward 96339 96339 12/11 HVAC Reclass JE 451793 12/31/2011 2,20000 AA P 861717 6-403 R410A Hvac Conversion 12/11 HVAC Reclass JE 451793 12/31/2011 1,80000 AA P 861717 7-211 R410A HVAC Conversion 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000 AA P 861717 6-305 Installed new 3 ton heat 12/11 HVAC Reclass JE 451793 12/31/2011 2,62400 AA P 861717 PV2062002 Summit Air Cond 12/11 HVAC Reclass JE 451793 12/31/2011 2,00000 AA P 861717 3-102 installed new air handle 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000 AA P 861717 7-405 replace 2 ton condensor 12/11 HVAC Reclass JE 451793 12/31/2011 1,75000 AA P 861717 4-103 replace 1 1/2 ton fan co 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000 AA P 861717 4-408 replace 2 ton condensor 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000 AA P 861717 1-113 replace heat pump conden 12/11 HVAC Reclass JE 451793 12/31/2011 2,40000 AA P 861717 9-202 replace 3 ton HP 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000 AA P 861717 1-405 replace/install 25 ton 12/11 HVAC Reclass JE 451793 12/31/2011 3,00000 AA P 861717 PV207012 Summit Air Cond 12/11 HVAC Reclass JE 451793 12/31/2011 1,84000 AA P 861717 2-301 replace 205 ton fan coi 12/11 HVAC Reclass JE 451793 12/31/2011 87780 AA P 861717 goodman 20 heat pump 12/11 HVAC Reclass JE 451793 12/31/2011 8559 AA P 861717 TAX 12/11 HVAC Reclass JE 451793 12/31/2011 83980 AA P 861717 goodman 15 ton heat pump 12/11 HVAC Reclass JE 451793 12/31/2011 8188 AA P 861717 TAX 12/11 HVAC Reclass JE 451793 12/31/2011 1,12500 AA P 861717 4-311 replace 2 ton condensor 12/11 HVAC Reclass JE 451793 12/31/2011 1,15000 AA P 861717 8-401 replcae condensor

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 9 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 12/11 HVAC Reclass JE 451793 12/31/2011 1,80000 AA P 861717 4-202 replace 2 ton gan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,10000 AA P 861717 4-132 replace condensing unit 12/11 HVAC Reclass JE 451793 12/31/2011 1,80000 AA P 861717 replace 2f fan coil labor 12/11 HVAC Reclass JE 451793 12/31/2011 91328 AA P 861717 15 Ton Condensing Unit- Goodm 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000 AA P 861717 replace 2/12 ton fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000 AA P 861717 replacement of 25t condensing 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000 AA P 861717 05-406 12/11 HVAC Reclass JE 451793 12/31/2011 1,10000 AA P 861717 04-402 condensor 12/11 HVAC Reclass JE 451793 12/31/2011 1,07858 AA P 861717 PV2127083 HD Supply 12/11 HVAC Reclass JE 451793 12/31/2011 91328 AA P 861717 GOODMAN 15T DRY22 HEAT PUMP 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000 AA P 861717 replace 2-ton fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,07858 AA P 861717 GOODMAN 25T DRY 22 HEAT PUMP 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000 AA P 861717 replace fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000 AA P 861717 replace fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,10000 AA P 861717 Repalcement of Condensing Unit 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000 AA P 861717 Replacement of Condensing Unit 12/11 HVAC Reclass JE 451793 12/31/2011 95461 AA P 861717 GOODMAN 20T DRY22 HEAT PUMP 54313428939 HVAC Account Total 54313428945 Interior Building Period Total 58,81240 58,81240 59,77579 59,77579 Balance Forward 417,32702 417,32702 54313428947 Interior Design Balance Forward 238,82106 238,82106 54313428959 Painting-Exterior 54313428961 Painting-Interior Balance Forward 297,17025 297,17025

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 10 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Balance Forward 100,13878 100,13878 54313428963 Plumbing Balance Forward 28053 28053 54313428971 Recreation Building Balance Forward 81000 81000 54313428981 Signs & Flage Balance Forward 87,39311 87,39311 54313428997 Rehab Supervision Fee Sares Regis Management Company 10/11 REHAB FEE WIP Balance Forward 193,65470 193,65470 PV 2150392 12/31/2011 22269 AA P 859111 54313428997 Rehab Supervision Fee Account Total 54313428999 Rehab Contingency 5431421 Office Furniture 54314318965 Pool Furniture Period Total 22269 22269 193,87739 193,87739 Balance Forward 159,03705 159,03705 Object Account Total 2,675,19374 2,675,19374 Balance Forward 458,46667 458,46667 Object Account Total 458,46667 458,46667 Balance Forward 12,50008 12,50008 54314318973 Recreation Equipment 5431434 Computer Equipment 5431721 BMF Loan Costs 5431722 Amort-BMF Loan Costs Balance Forward 19,64287 19,64287 Object Account Total 32,14295 32,14295 Balance Forward 4,37425 4,37425 Object Account Total 4,37425 4,37425 Balance Forward 348,22884 348,22884 Object Account Total 348,22884 348,22884 Balance Forward 278,49600-278,49600-12/11 Monthly Recurring Entry JE 450955 12/31/2011 2,90100- AA P 860412 BOND COSTS Period Total 2,90100-2,90100-

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 11 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5431722 Amort-BMF Loan Costs Account Total 281,39700-281,39700- Object Account Total 281,39700-281,39700-5431723 Interest Rate Cap 5431723 Balance Forward 37,84914 37,84914 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 37,84914- AA P 861689 Write-off Int Rate Cap 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 38,00000 AA P 861689 New Int Rate Cap 12/15/11 Interest Rate Cap 5431724 Amort-Interest Rate Cap 5431724 Period Total 38,00000 37,84914-15086 Account Total 75,84914 37,84914-38,00000 Object Account Total 75,84914 37,84914-38,00000 Balance Forward 37,21779-37,21779-12/11 Monthly Recurring Entry JE 450955 12/31/2011 63081- AA P 860412 AMORT CAP RATE 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 54- AA P 861689 12/11 Amort Int Rate Cap 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 37,84914 AA P 861689 Write-off Int Rate Cap Amort-Interest Rate Cap 5431727 Bond Loan Costs 5431728 Amort-Bond Loan Costs Period Total 37,84914 63135-37,21779 Account Total 37,84914 37,84914- Object Account Total 37,84914 37,84914- Balance Forward 523,37474 523,37474 Object Account Total 523,37474 523,37474 Balance Forward 139,64000-139,64000-12/11 Monthly Recurring Entry JE 450955 12/31/2011 1,45400- AA P 860412 BOND COSTS Period Total 1,45400-1,45400-5431728 Amort-Bond Loan Costs Account Total 141,09400-141,09400- Object Account Total 141,09400-141,09400-5431731 Lease Commissions Balance Forward 14,19940 14,19940 12/11 Monthly Recurring Entry JE 450955 12/31/2011 26349- AA P 860412 SANTOYO TANNING 12/11 Monthly Recurring Entry JE 450955 12/31/2011 30791- AA P 860412 EPISCOPAL 12/11 Monthly Recurring Entry JE 450955 12/31/2011 6788- AA P 860412

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 12 From Date - 12/1/2011 Thru Date - 12/31/2011 5431731 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch MIG Lease Commissions 5431812 Prepaid Insurance 5431812 Period Total 63928-63928- Account Total 14,19940 63928-13,56012 Object Account Total 14,19940 63928-13,56012 Balance Forward 37,76157 37,76157 12/11 Monthly Recurring Entry JE 450955 12/31/2011 12,58723- AA P 860412 INSURANCE Prepaid Insurance 5431816 Prepaid Taxes 5431816 Period Total 12,58723-12,58723- Account Total 37,76157 12,58723-25,17434 Object Account Total 37,76157 12,58723-25,17434 12/11 Reclass Prepaid Taxes JE 451732 12/31/2011 77422 AA P 861598 RC from Accrued Property Tax Prepaid Taxes 5431821 Tax Impound 5431821 Period Total 77422 77422 Account Total 77422 77422 Object Account Total 77422 77422 Balance Forward 616,45095 616,45095 12-11 Property Tax Impound JE 451103 12/31/2011 449,92821- AA P 860607 DB Prop Tax Payment Deutsche Bank PM 2156435 12/31/2011 105,70859 AA P 860427 Taxes Tax Impound 5431825 Hedge Reserve Fund Period Total 105,70859 449,92821-344,21962- Account Total 722,15954 449,92821-272,23133 Object Account Total 722,15954 449,92821-272,23133 Balance Forward 355,92983 355,92983 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 3473 AA P 861689 11/10-12/11 Interest Income 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 38,00000- AA P 861689 New Int Rate Cap 12/15/11 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 2,50000- AA P 861689 Legal Assc Int Rate Cap 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 315,46456- AA P 861689 Distrib from Int Cap Escrow Deutsche Bank PM 2156435 12/31/2011 1,05526 AA P 860427 INT rate Cap Escrow

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 13 From Date - 12/1/2011 Thru Date - 12/31/2011 5431825 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Period Total 1,08999 355,96456-354,87457- Hedge Reserve Fund 5431826 Bond Fee Impound 5431826 Account Total 357,01982 355,96456-1,05526 Object Account Total 357,01982 355,96456-1,05526 Balance Forward 290,41976 290,41976 11/11 Bank Rec JE 451742 12/31/2011 8,45552- AA P 861611 9/15/11-12/14/11 RMKT FEES Deutsche Bank PM 2156435 12/31/2011 2,78753 AA P 860427 REMRKETING FEE Deutsche Bank PM 2156435 12/31/2011 3,48442 AA P 860427 ISSUER FEE Deutsche Bank PM 2156435 12/31/2011 20833 AA P 860427 TRUSTEE FEE Bond Fee Impound 5431919 Other Deposits 5432121 1st TD Payable-Original Period Total 6,48028 8,45552-1,97524- Account Total 296,90004 8,45552-288,44452 Object Account Total 296,90004 8,45552-288,44452 Balance Forward 2,00000 2,00000 Object Account Total 2,00000 2,00000 Balance Forward 33,915,00000-33,915,00000- Object Account Total 33,915,00000-33,915,00000-5432122 Second Trust Deed Payable Balance Forward 7,000,00000-7,000,00000- Object Account Total 7,000,00000-7,000,00000-5432123 CFD Bonds Payable Balance Forward 8,685,00000-8,685,00000- Object Account Total 8,685,00000-8,685,00000-5432212 Accounts Payable-General Balance Forward 55,30600-55,30600-12/11 Manager's Accruals JE 451576 12/31/2011 1,20000- AA P 861414 12/11 Accruals 12/11 Utility Accruals JE 451578 12/31/2011 26,56000- AA P 861414 40908 Utility Accruals 12/11 Accruals Additional JE 451760 12/31/2011 56,28418- AA P 861668 12/11 Accruals 543 11-11 Manager's Accruals JE 450506 12/1/2011 20,68600 AA P 859389 543 11-11 Utility Accruals JE 450508 12/1/2011 34,62000 AA P 859392 40766 Utility Accruals

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 14 From Date - 12/1/2011 Thru Date - 12/31/2011 5432212 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Period Total 55,30600 84,04418-28,73818- Accounts Payable-General 5432241 Bond/Trustee Fees Payable 5432241 Account Total 55,30600 139,35018-84,04418- Object Account Total 55,30600 139,35018-84,04418- Balance Forward 266,40518-266,40518-11/11 Bank Rec JE 451742 12/31/2011 8,45552 AA P 861611 9/15/11-12/14/11 RMKT FEES Deutsche Bank PM 2156435 12/31/2011 6,48028- AA P 860427 ACCRUE TTE FEE Bond/Trustee Fees Payable 5432311 Accrued Payroll Period Total 8,45552 6,48028-1,97524 Account Total 8,45552 272,88546-264,42994- Object Account Total 8,45552 272,88546-264,42994- Balance Forward 20,85900-20,85900- Object Account Total 20,85900-20,85900-5432323 Accrued Interest Ser B Balance Forward 32,14167-32,14167- Object Account Total 32,14167-32,14167-5432341 Accrued Management Fees 5432341 Balance Forward 1,00162-1,00162-12/11 MGMT FEE ACCRUAL JE 451588 12/31/2011 1,09160- AA P 861425 12-11 MGMT FEE ACCRUAL 11-11 MGMT FEE ACCRUAL JE 450428 12/1/2011 1,00162 AA P 859255 Accrued Management Fees 5432357 Accrued Property Taxes Period Total 1,00162 1,09160-8998- Account Total 1,00162 2,09322-1,09160- Object Account Total 1,00162 2,09322-1,09160- Balance Forward 338,19375-338,19375-07-11/11 Prop Tx Accr True Up JE 450731 12/31/2011 1,89564 AA P 859909 7-11/11 Prop Tx Accr True Up 12/11 Monthly Recurring Entry JE 450955 12/31/2011 74,85900- AA P 860412 PROPERTY TAX 12/11 Monthly Recurring Entry JE 450955 12/31/2011 37,99688- AA P 860412 CFD AREA TAXES 12-11 Property Tax Impound JE 451103 12/31/2011 413,59252 AA P 860607 12-11 Tax pmt #5723-019-024 12-11 Property Tax Impound JE 451103 12/31/2011 17,96714 AA P 860607 12-11 Tax pmt #5723-019-021 12-11 Property Tax Impound JE 451103 12/31/2011 5,79771 AA P 860607 12-11 Tax pmt #5723-019-022

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 15 From Date - 12/1/2011 Thru Date - 12/31/2011 5432357 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 12-11 Property Tax Impound JE 451103 12/31/2011 12,57084 AA P 860607 12-11 Tax pmt #5723-019-023 12/11 Reclass Prepaid Taxes JE 451732 12/31/2011 77422- AA P 861598 RC to Prepaid Tax Accrued Property Taxes 5432412 Security Deposits Period Total 451,82385 113,63010-338,19375 Account Total 451,82385 451,82385- Object Account Total 451,82385 451,82385- Rental Activity Security Deposits Rental Activity Security Deposits Balance Forward 288,71876-288,71876- JE 451503 12/20/2011 9,20000 AA P 861251 JE 451503 12/20/2011 8,79200- AA P 861251 5432412 Security Deposits 5432413 Security Deposit Clearing Period Total 9,20000 8,79200-40800 Account Total 9,20000 297,51076-288,31076- Object Account Total 9,20000 297,51076-288,31076- Stale Dated Check 12-11 Jones 4-316 Ck 124506-9-11 Jones, Roy Ref4-316 Lutz, Bonnie Ref1-208 Lee, Andrew REF 6-207 Karimi, Roxana Ref1-113 Karimi, Koroush John REF1-116 Oakwood Corporate Housing, * REF7-209 Rental Activity Security Deposit Clearing Warnock, Janae Ref1-415 Talancon, Jose Luis Ref4-211 Lux, Anna Ref2-205 Franchi, Claudia Ref3-204 Balance Forward 25325-25325- JE 450987 12/31/2011 61276- AA P 860478 PV 2097599 12/31/2011 61276- AA P 848073 PV 2150387 12/31/2011 12847 AA P 859104 PV 2150389 12/31/2011 35500 AA P 859104 PV 2157460 12/31/2011 10000 AA P 860566 PV 2157463 12/31/2011 10000 AA P 860566 PV 2157510 12/31/2011 5286 AA P 860580 JE 451503 12/20/2011 3,02669- AA P 861251 PV 2155193 12/12/2011 9536 AA P 860328 PV 2153406 12/2/2011 22945 AA P 859844 PV 2149207 12/1/2011 23048 AA P 859022 PV 2151189 12/1/2011 38887 AA P 859398

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 16 From Date - 12/1/2011 Thru Date - 12/31/2011 5432413 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Iturbe, Nicole PV 2151190 12/1/2011 51724 AA P 859398 Ref4-208 Security Deposit Clearing 5432471 Contingent Liabilities Period Total 2,19773 4,25221-2,05448- Account Total 2,19773 4,50546-2,30773- Object Account Total 2,19773 4,50546-2,30773- Stale Dated Check 12-11 Jones 4-316 Ck 124506-9-11 Balance Forward 12,86437-12,86437- JE 450987 12/31/2011 61276 AA P 860478 5432471 Contingent Liabilities 5433111 Capital-Portfolio Period Total 61276 61276 Account Total 61276 12,86437-12,25161- Object Account Total 61276 12,86437-12,25161- Balance Forward 34,339,29929-34,339,29929- Object Account Total 34,339,29929-34,339,29929-5433121 Contributions-Portfolio Balance Forward 14,623,47541-14,623,47541-12/11 Funding for Draw#25 JE 451441 12/31/2011 19,02236- AA P 861065 Funding for Draw #25 Period Total 19,02236-19,02236-5433121 Contributions-Portfolio Account Total 14,642,49777-14,642,49777- Object Account Total 14,642,49777-14,642,49777-5433154 Distribution-Portfolio 5433154 Balance Forward 40,254,85235 40,254,85235 DB Mortgage Services JE 450768 12/31/2011 9,38470 AA P 859958 12/11 Interest Refund ck28704 12/11 Cash Distribution JE 451541 12/31/2011 338,00000 AA P 861367 12/11 Distribution 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 315,46456 AA P 861689 Distrib from Int Cap Escrow Distribution-Portfolio 5433249 Retained Earnings Period Total 662,84926 662,84926 Account Total 40,917,70161 40,917,70161 Object Account Total 40,917,70161 40,917,70161 Balance Forward 22,816,17164-22,816,17164- Object Account Total 22,816,17164-22,816,17164-5434510 Apartment Rent Balance Forward 7,050,96656-7,050,96656-

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 17 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Rental Activity JE 451503 12/20/2011 4,70660- AA P 861251 Apartment Rent Rental Activity JE 451503 12/20/2011 661,97100- AA P 861251 Apartment Rent Period Total 666,67760-666,67760-5434510 Apartment Rent Account Total 7,717,64416-7,717,64416- Object Account Total 7,717,64416-7,717,64416-5434514 Upgrade Unit Rent Balance Forward 3,08548-3,08548- Object Account Total 3,08548-3,08548-5434515 Loss to Lease Rental Activity Gain/Loss to Lease Rental Activity Gain/Loss to Lease Balance Forward 15,49788 15,49788 JE 451503 12/20/2011 18,24088 AA P 861251 JE 451503 12/20/2011 4,70660 AA P 861251 5434515 Loss to Lease 5434516 Retail Rental Income Period Total 22,94748 22,94748 Account Total 38,44536 38,44536 Object Account Total 38,44536 38,44536 Rental Activity Retail Rental Income Balance Forward 200,80844-200,80844- JE 451503 12/20/2011 18,41840- AA P 861251 Period Total 18,41840-18,41840-5434516 Retail Rental Income Account Total 219,22684-219,22684- Object Account Total 219,22684-219,22684-5434521 Employee Allowances Rental Activity Employee Allowances Balance Forward 65,22239 65,22239 JE 451503 12/20/2011 6,27542 AA P 861251 5434521 Employee Allowances 5434522 Model Allowances Period Total 6,27542 6,27542 Account Total 71,49781 71,49781 Object Account Total 71,49781 71,49781 Rental Activity Model Allowances Balance Forward 40,97500 40,97500 JE 451503 12/20/2011 3,72500 AA P 861251 Period Total 3,72500 3,72500

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 18 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5434522 Model Allowances Account Total 44,70000 44,70000 Object Account Total 44,70000 44,70000 5434540 Vacancies Rental Activity Vacancies Balance Forward 410,86287 410,86287 JE 451503 12/20/2011 28,19751 AA P 861251 5434540 Vacancies 5434545 Vacancies - Retail Period Total 28,19751 28,19751 Account Total 439,06038 439,06038 Object Account Total 439,06038 439,06038 Rental Activity Vacancies - Retail Balance Forward 48,31200 48,31200 JE 451503 12/20/2011 4,39200 AA P 861251 5434545 Vacancies - Retail 5434551 Retained/Refunded Deposit Period Total 4,39200 4,39200 Account Total 52,70400 52,70400 Object Account Total 52,70400 52,70400 Rental Activity Retained/Refunded Deposits Balance Forward 71,79962-71,79962- JE 451503 12/20/2011 9,64909- AA P 861251 Period Total 9,64909-9,64909-5434551 Retained/Refunded Deposit Account Total 81,44871-81,44871- Object Account Total 81,44871-81,44871-5434552 NSF-Late Charges Rental Activity NSF-Late Charges Rental Activity NSF-Late Charges Balance Forward 20,86679-20,86679- JE 451503 12/20/2011 6819 AA P 861251 JE 451503 12/20/2011 1,89208- AA P 861251 5434552 NSF-Late Charges 5434555 Ancillary Services Income Period Total 6819 1,89208-1,82389- Account Total 6819 22,75887-22,69068- Object Account Total 6819 22,75887-22,69068- Rental Activity Ancillary Service Balance Forward 11,30800-11,30800- JE 451503 12/20/2011 1,02800- AA P 861251 Period Total 1,02800-1,02800-

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 19 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5434555 Ancillary Services Income Account Total 12,33600-12,33600- Object Account Total 12,33600-12,33600-5434556 Vending Machines Balance Forward 35600-35600- Object Account Total 35600-35600- 5434557 Garage Parking/ Storage Rental Activity Garage Parking/Storage Balance Forward 47,61627-47,61627- JE 451503 12/20/2011 6,19802- AA P 861251 Period Total 6,19802-6,19802-5434557 Garage Parking/ Storage Account Total 53,81429-53,81429- Object Account Total 53,81429-53,81429-5434558 Laundry Income Rental Activity Laundry Income Balance Forward 57700-57700- JE 451503 12/20/2011 18923- AA P 861251 Period Total 18923-18923- 5434558 Laundry Income Account Total 76623-76623- Object Account Total 76623-76623- 5434559 Retail Space-CAM Rental Activity Cleaning Fees-CA Balance Forward 44,02849-44,02849- JE 451503 12/20/2011 4,00259- AA P 861251 Period Total 4,00259-4,00259-5434559 Retail Space-CAM Account Total 48,03108-48,03108- Object Account Total 48,03108-48,03108-5434560 Miscellaneous Income Balance Forward 6,88571-6,88571- Object Account Total 6,88571-6,88571-5434561 Rental Fees Rental Activity Rental Fees Balance Forward 10,55500-10,55500- JE 451503 12/20/2011 15000- AA P 861251 5434561 Rental Fees 5434563 MTM/Short Term Rent Period Total 15000-15000- Account Total 10,70500-10,70500- Object Account Total 10,70500-10,70500-

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 20 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Balance Forward 2,29375-2,29375- Object Account Total 2,29375-2,29375-5434565 Pet Fees Rental Activity Pet Fees Balance Forward 20,33234-20,33234- JE 451503 12/20/2011 2,06129- AA P 861251 Period Total 2,06129-2,06129-5434565 Pet Fees Account Total 22,39363-22,39363- Object Account Total 22,39363-22,39363-5434570 Interest Income Balance Forward 79,96067-79,96067-543 11-11 Bank Rec JE 450929 12/31/2011 12000- AA P 860287 Interest 543 11-11 Bank Rec JE 450929 12/31/2011 7732- AA P 860287 Interest 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 3473- AA P 861689 11/10-12/11 Interest Income Period Total 23205-23205- 5434570 Interest Income Account Total 80,19272-80,19272- Object Account Total 80,19272-80,19272-5434571 Renter's Insurance Commission Balance Forward 2,01175-2,01175- Object Account Total 2,01175-2,01175-5438011 Resident Manager Payroll Labor Distribution Payroll Labor Distribution Balance Forward 48,01581 48,01581 T2 878 12/15/2011 2,18543 AA P 860406 T2 872 12/1/2011 2,18543 AA P 859327 5438011 Resident Manager 5438012 Assistant Manager Period Total 4,37086 4,37086 Account Total 52,38667 52,38667 Object Account Total 52,38667 52,38667 5438012 Payroll Labor Distribution Payroll Labor Distribution Assistant Manager Balance Forward 11,94430 11,94430 T2 875 12/15/2011 87334 AA P 860410 T2 869 12/1/2011 2,06223 AA P 859325 Period Total 2,93557 2,93557 Account Total 14,87987 14,87987 Object Account Total 14,87987 14,87987

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 21 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5438022 Bookkeeper 5438031 Marketing Manager 5438033 Leasing Consultant 5438041 Maintenance Supervisor Balance Forward 28,95070 28,95070 Object Account Total 28,95070 28,95070 Balance Forward 20,39693 20,39693 Object Account Total 20,39693 20,39693 Balance Forward 36,57540 36,57540 Object Account Total 36,57540 36,57540 Payroll Labor Distribution Payroll Labor Distribution Balance Forward 45,56261 45,56261 T2 875 12/15/2011 1,91846 AA P 860410 T2 869 12/1/2011 2,06911 AA P 859325 5438041 Maintenance Supervisor 5438042 Maintenance Mechanic Period Total 3,98757 3,98757 Account Total 49,55018 49,55018 Object Account Total 49,55018 49,55018 Payroll Labor Distribution Payroll Labor Distribution Balance Forward 39,56716 39,56716 T2 875 12/15/2011 2,53020 AA P 860410 T2 869 12/1/2011 2,46455 AA P 859325 5438042 Maintenance Mechanic 5438043 Custodian 5438051 Bonus & Incentives Period Total 4,99475 4,99475 Account Total 44,56191 44,56191 Object Account Total 44,56191 44,56191 Balance Forward 14,94025 14,94025 Object Account Total 14,94025 14,94025 Payroll Labor Distribution Payroll Labor Distribution Payroll Labor Distribution Payroll Labor Distribution Balance Forward 32,89116 32,89116 T2 875 12/15/2011 23500 AA P 860410 T2 878 12/15/2011 1500 AA P 860406 T2 869 12/1/2011 64000 AA P 859325 T2 872 12/1/2011 11000 AA P 859327 5438051 Bonus & Incentives 5438061 Temporary Help Period Total 1,00000 1,00000 Account Total 33,89116 33,89116 Object Account Total 33,89116 33,89116

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 22 From Date - 12/1/2011 Thru Date - 12/31/2011 5438061 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Balance Forward 15,02919 15,02919 Apt Personnel Staffing PV 2156849 12/13/2011 90630 AA P 860490 Lucy Taylor-Ross Apt Personnel Staffing PV 2156849 12/13/2011 29813 AA P 860490 Jeanna Brown Apt Personnel Staffing PV 2156850 12/13/2011 1,16670 AA P 860490 Lucy Taylor-Ross - Bonus Apt Personnel Staffing PV 2156850 12/13/2011 38160 AA P 860490 Lucy Taylor-Ross WE 08/05/11 Apt Personnel Staffing PV 2156851 12/13/2011 70358 AA P 860490 Nakia Watson WE 11/25/11 Apt Personnel Staffing PV 2156851 12/13/2011 31005 AA P 860490 Wilmer Solorzano WE 11/25/11 Apt Personnel Staffing PV 2156851 12/13/2011 16695 AA P 860490 Bobak Rezai WE 11/25/11 Apt Personnel Staffing PV 2156851 12/13/2011 11925 AA P 860490 Sandra Lopez WE 11/25/11 OT Apt Personnel Staffing PV 2156851 12/13/2011 3578 AA P 860490 Sandra Lopez WE 11/25/11 Apt Personnel Staffing PV 2156851 12/13/2011 35775 AA P 860490 Tara Harris WE 11/25/11 543 11-11 Manager's Accruals JE 450506 12/1/2011 1,55600- AA P 859389 Inv#135-100-5137-022- APT Sta Apt Personnel Staffing PV 2149427 12/1/2011 1,55621 AA P 859060 w/e 10/28/11 Apt Personnel Staffing PV 2151499 12/1/2011 4129 AA P 859428 Temp support Temporary Help 5438062 Employee Relations 5438063 Employee Education 5438064 Emp Background Check 5438065 Payroll Processing Period Total 6,04359 1,55600-4,48759 Account Total 21,07278 1,55600-19,51678 Object Account Total 21,07278 1,55600-19,51678 Balance Forward 1,01171 1,01171 Object Account Total 1,01171 1,01171 Balance Forward 1,95976 1,95976 Object Account Total 1,95976 1,95976 Balance Forward 71468 71468 Object Account Total 71468 71468 Balance Forward 79625 79625

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 23 From Date - 12/1/2011 Thru Date - 12/31/2011 5438065 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Actual Burden Journal Entries T3 876 12/15/2011 500 AA P 860410 3 Actual Burden Journal Entries T3 876 12/15/2011 500 AA P 860410 3 Actual Burden Journal Entries T3 876 12/15/2011 1000 AA P 860410 3 Actual Burden Journal Entries T3 879 12/15/2011 500 AA P 860406 3 Actual Burden Journal Entries T3 870 12/1/2011 500 AA P 859325 3 Actual Burden Journal Entries T3 870 12/1/2011 500 AA P 859325 3 Actual Burden Journal Entries T3 870 12/1/2011 500 AA P 859325 3 Actual Burden Journal Entries T3 870 12/1/2011 1000 AA P 859325 3 Actual Burden Journal Entries T3 873 12/1/2011 500 AA P 859327 3 Payroll Processing 5438071 Help Wanted Advertising Period Total 5500 5500 Account Total 85125 85125 Object Account Total 85125 85125 PMJobscom Leasing Consultant Balance Forward 30000 30000 PV 2150575 12/31/2011 11000 AA P 859208 5438071 Help Wanted Advertising 5438081 Payroll Taxes Period Total 11000 11000 Account Total 41000 41000 Object Account Total 41000 41000 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Balance Forward 25,25376 25,25376 T3 876 12/15/2011 14792 AA P 860410 T3 876 12/15/2011 18971 AA P 860410 T3 876 12/15/2011 8134 AA P 860410 T3 879 12/15/2011 16496 AA P 860406 T3 870 12/1/2011 383 AA P 859325 T3 870 12/1/2011 16670 AA P 859325

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 24 From Date - 12/1/2011 Thru Date - 12/31/2011 5438081 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Actual Burden Journal Entries T3 870 12/1/2011 19998 AA P 859325 3 Actual Burden Journal Entries T3 870 12/1/2011 17765 AA P 859325 3 Actual Burden Journal Entries T3 873 12/1/2011 17292 AA P 859327 3 Payroll Taxes 5438082 Worker's Compensation Period Total 1,30501 1,30501 Account Total 26,55877 26,55877 Object Account Total 26,55877 26,55877 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Balance Forward 11,13083 11,13083 T3 876 12/15/2011 764 AA P 860410 T3 876 12/15/2011 1248 AA P 860410 T3 876 12/15/2011 11512 AA P 860410 T3 876 12/15/2011 14334 AA P 860410 T3 876 12/15/2011 4169 AA P 860410 T3 879 12/15/2011 1044 AA P 860406 T3 879 12/15/2011 12489 AA P 860406 T3 870 12/1/2011 560 AA P 859325 T3 870 12/1/2011 560 AA P 859325 T3 870 12/1/2011 840 AA P 859325 T3 870 12/1/2011 197 AA P 859325 T3 870 12/1/2011 12256 AA P 859325 T3 870 12/1/2011 14555 AA P 859325 T3 870 12/1/2011 8797 AA P 859325 T3 873 12/1/2011 840 AA P 859327 T3 873 12/1/2011 12863 AA P 859327

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 25 From Date - 12/1/2011 Thru Date - 12/31/2011 5438082 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Period Total 97028 97028 Worker's Compensation 5438083 Insurance Benefits Account Total 12,10111 12,10111 Object Account Total 12,10111 12,10111 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Actual Burden Journal Entries 3 Balance Forward 27,90834 27,90834 T3 876 12/15/2011 23781 AA P 860410 T3 876 12/15/2011 45173 AA P 860410 T3 879 12/15/2011 22631 AA P 860406 T3 870 12/1/2011 21256 AA P 859325 T3 870 12/1/2011 21256 AA P 859325 T3 870 12/1/2011 40417 AA P 859325 T3 873 12/1/2011 20253 AA P 859327 5438083 Insurance Benefits 5438111 Electricity Period Total 1,94767 1,94767 Account Total 29,85601 29,85601 Object Account Total 29,85601 29,85601 Balance Forward 122,64351 122,64351 12/11 Utility Accruals JE 451578 12/31/2011 14,86000 AA P 861414 40908 Electricity 12/11 Utility Accruals JE 451578 12/31/2011 70000 AA P 861414 40908 Electricity 12/11 Utility Accruals JE 451578 12/31/2011 91000 AA P 861414 40908 Electricity 543 11-11 Utility Accruals JE 450508 12/1/2011 16,43000- AA P 859392 40766 Electricity American Utility Management, I PV 2153146 12/1/2011 8,03912 AA P 859727 2809176_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153156 12/1/2011 49696 AA P 859727 2802528_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153157 12/1/2011 7375 AA P 859727 2809119_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153158 12/1/2011 87613 AA P 859727 2809150_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153160 12/1/2011 2421 AA P 859727 2809259_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153161 12/1/2011 3945 AA P 859727

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 26 From Date - 12/1/2011 Thru Date - 12/31/2011 5438111 Account Description Do G/L Amount P G/L Account Explanation/Remark 2809275_HSE_10/11/11-11/14/11 Ty Document Date Co Debit Credit Balance LT C Batch American Utility Management, I PV 2153162 12/1/2011 66386 AA P 859727 2809291_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153168 12/1/2011 49068 AA P 859727 2809192_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153178 12/1/2011 36292 AA P 859727 1759208_HSE_10/11/11-11/14/11 American Utility Management, I PV 2153179 12/1/2011 50745 AA P 859727 2809317_HSE_10/12/11-11/14/11 Electricity 5438112 Electricity-Vacant Units Period Total 28,04453 16,43000-11,61453 Account Total 150,68804 16,43000-134,25804 Object Account Total 150,68804 16,43000-134,25804 American Utility Management, I 2751394_7-116_11/14/11-11/29/1 American Utility Management, I 1606599_1-409_11/14/11-11/30/1 American Utility Management, I 1672997_3-108_09/13/11-10/11/1 American Utility Management, I 3718079_6-201_11/10/11-11/22/1 American Utility Management, I 3698792_4-308_11/08/11-11/10/1 American Utility Management, I 2207694_8-409_10/11/11-11/10/1 American Utility Management, I 3695160_5-404_11/03/11-11/15/1 American Utility Management, I 2416626_4-402_10/11/11-11/08/1 American Utility Management, I 1431121_7-309_10/11/11-11/16/1 American Utility Management, I 695247_7-113_10/11/11-11/14/11 American Utility Management, I 1473834_8-107_10/11/11-11/14/1 American Utility Management, I 1606599_1-409_11/03/11-11/14/1 American Utility Management, I 1710805_5-408_10/25/11-11/14/1 American Utility Management, I 2038032_7-318_10/11/11-11/14/1 American Utility Management, I 2345742_7-209_10/11/11-11/14/1 Balance Forward 20,38327 20,38327 PV 2157760 12/15/2011 519 AA P 860661 PV 2157761 12/15/2011 761 AA P 860661 PV 2154588 12/8/2011 1310 AA P 860196 PV 2154589 12/8/2011 1658 AA P 860196 PV 2151122 12/1/2011 1164 AA P 859357 PV 2151123 12/1/2011 1693 AA P 859357 PV 2151124 12/1/2011 1778 AA P 859357 PV 2151125 12/1/2011 1922 AA P 859357 PV 2153139 12/1/2011 5012 AA P 859727 PV 2153140 12/1/2011 17122 AA P 859727 PV 2153141 12/1/2011 2817 AA P 859727 PV 2153142 12/1/2011 1536 AA P 859727 PV 2153143 12/1/2011 2497 AA P 859727 PV 2153144 12/1/2011 4304 AA P 859727 PV 2153145 12/1/2011 9609 AA P 859727

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 27 From Date - 12/1/2011 Thru Date - 12/31/2011 5438112 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch American Utility Management, I PV 2153149 12/1/2011 2684 AA P 859727 3060415_1-311_10/25/11-11/14/1 American Utility Management, I PV 2153150 12/1/2011 4501 AA P 859727 3157740_6-106_10/11/11-11/14/1 American Utility Management, I PV 2153151 12/1/2011 18883 AA P 859727 3680162_7-208_10/11/11-11/14/1 American Utility Management, I PV 2153152 12/1/2011 11929 AA P 859727 1716133_7-314_10/11/11-11/14/1 American Utility Management, I PV 2153153 12/1/2011 7488 AA P 859727 1808872_5-205_10/13/11-11/14/1 American Utility Management, I PV 2153154 12/1/2011 4578 AA P 859727 2050326_7-207_10/11/11-11/14/1 American Utility Management, I PV 2153155 12/1/2011 5265 AA P 859727 2077642_9-204_10/11/11-11/14/1 American Utility Management, I PV 2153163 12/1/2011 4993 AA P 859727 2810265_7-202_10/11/11-11/14/1 American Utility Management, I PV 2153164 12/1/2011 10428 AA P 859727 4165932_6-105_10/11/11-11/14/1 American Utility Management, I PV 2153165 12/1/2011 1769 AA P 859727 4582490_6-108_10/11/11-11/14/1 American Utility Management, I PV 2153166 12/1/2011 1353 AA P 859727 3969037_8-101_10/11/11-11/14/1 American Utility Management, I PV 2153167 12/1/2011 9577 AA P 859727 2857480_8-307_10/11/11-11/14/1 American Utility Management, I PV 2153169 12/1/2011 1157 AA P 859727 1642727_4-214_10/11/11-11/14/1 American Utility Management, I PV 2153171 12/1/2011 3056 AA P 859727 4547592_5-203_10/11/11-11/14/1 American Utility Management, I PV 2153172 12/1/2011 8570 AA P 859727 3131679_5-303_10/11/11-11/14/1 American Utility Management, I PV 2153173 12/1/2011 2703 AA P 859727 2751394_7-116_10/26/11-11/14/1 American Utility Management, I PV 2153174 12/1/2011 3506 AA P 859727 2360824_1-301_10/11/11-11/14/1 American Utility Management, I PV 2153175 12/1/2011 1113 AA P 859727 2138543_8-303_10/11/11-11/14/1 American Utility Management, I PV 2153176 12/1/2011 8089 AA P 859727 1967942_5-405_10/11/11-11/14/1 American Utility Management, I PV 2153177 12/1/2011 19362 AA P 859727 1716794_6-206_10/11/11-11/14/1 Electricity-Vacant Units 5438121 Gas Period Total 1,84706 1,84706 Account Total 22,23033 22,23033 Object Account Total 22,23033 22,23033

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 28 From Date - 12/1/2011 Thru Date - 12/31/2011 5438121 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Balance Forward 56,28137 56,28137 12/11 Utility Accruals JE 451578 12/31/2011 5,09000 AA P 861414 40908 Gas 12/11 Utility Accruals JE 451578 12/31/2011 2,31000 AA P 861414 40908 Gas 543 11-11 Utility Accruals JE 450508 12/1/2011 5,50000- AA P 859392 40766 Gas American Utility Management, I PV 2153137 12/1/2011 76671 AA P 859727 10232106871_HSE_10/20/11-11/17 American Utility Management, I PV 2153138 12/1/2011 39408 AA P 859727 07292106601_HSE_10/20/11-11/17 American Utility Management, I PV 2153148 12/1/2011 32156 AA P 859727 18422118150_HSE_10/19/11-11/17 American Utility Management, I PV 2153159 12/1/2011 89528 AA P 859727 18212118857_HSE_10/19/11-11/17 American Utility Management, I PV 2153170 12/1/2011 39234 AA P 859727 06872106296_HSE_10/20/11-11/17 American Utility Management, I PV 2153180 12/1/2011 31852 AA P 859727 06662106134_HSE_10/20/11-11/17 American Utility Management, I PV 2153181 12/1/2011 35547 AA P 859727 18632118750_HSE_10/19/11-11/17 American Utility Management, I PV 2153182 12/1/2011 31591 AA P 859727 07082106688_HSE_10/20/11-11/17 American Utility Management, I PV 2153183 12/1/2011 29159 AA P 859727 10442106331_HSE_10/20/11-11/17 American Utility Management, I PV 2153184 12/1/2011 87500 AA P 859727 07502106045_HSE_10/20/11-11/17 Gas 5438131 Water Period Total 12,32646 5,50000-6,82646 Account Total 68,60783 5,50000-63,10783 Object Account Total 68,60783 5,50000-63,10783 Balance Forward 81,16998 81,16998 12/11 Utility Accruals JE 451578 12/31/2011 16000 AA P 861414 40908 Water 12/11 Utility Accruals JE 451578 12/31/2011 2,27000 AA P 861414 40908 Water 12/11 Accruals Additional JE 451760 12/31/2011 9,11057 AA P 861668 40766 Water American Utility Management, I PV 2154590 12/8/2011 1,64264 AA P 860196 2809341_HSE_10/25/11-11/22/11 543 11-11 Utility Accruals JE 450508 12/1/2011 11,33000- AA P 859392 40766 Water American Utility Management, I PV 2153147 12/1/2011 11570 AA P 859727 2809366_HSE_10/11/11-11/14/11

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 29 From Date - 12/1/2011 Thru Date - 12/31/2011 5438131 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Period Total 13,29891 11,33000-1,96891 Water 5438132 Sewer 5438132 Account Total 94,46889 11,33000-83,13889 Object Account Total 94,46889 11,33000-83,13889 Balance Forward 12,44649 12,44649 12/11 Utility Accruals JE 451578 12/31/2011 26000 AA P 861414 40908 Sewer 12/11 Accruals Additional JE 451760 12/31/2011 1,78161 AA P 861668 40766 Sewer American Utility Management, I PV 2154590 12/8/2011 19239 AA P 860196 2809341_HSE_10/25/11-11/22/11 543 11-11 Utility Accruals JE 450508 12/1/2011 1,36000- AA P 859392 40766 Sewer Sewer 5438141 Rubbish Removal 5438141 Period Total 2,23400 1,36000-87400 Account Total 14,68049 1,36000-13,32049 Object Account Total 14,68049 1,36000-13,32049 Balance Forward 38,27030 38,27030 American Utility Management, I PV 2154591 12/8/2011 3,42742 AA P 860196 237906000_HSE_12/01/11-12/31/1 543 11-11 Utility Accruals JE 450508 12/1/2011 AA P 859392 40766 Rubbish Removal Rubbish Removal 5438151 Telephone 5438151 Period Total 3,42742 3,42742 Account Total 41,69772 41,69772 Object Account Total 41,69772 41,69772 Balance Forward 24,48905 24,48905 543 11-11 Utility Accruals JE 450508 12/1/2011 AA P 859392 40766 Telephone 543 11-11 Utility Accruals JE 450508 12/1/2011 AA P 859392 40766 Telephone entry gates Telephone Account Total 24,48905 24,48905 Object Account Total 24,48905 24,48905 5438161 Other 5438161 American Utility Management, I November utility Other Balance Forward 18,41172 18,41172 PV 2149430 12/1/2011 1,44950 AA P 859060 Period Total 1,44950 1,44950 Account Total 19,86122 19,86122

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 30 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Object Account Total 19,86122 19,86122 5438162 Tenant Utility Reimbursement Rental Activity Tenant Utility Reimbursement Balance Forward 167,03670-167,03670- JE 451503 12/20/2011 14,34879- AA P 861251 Period Total 14,34879-14,34879-5438162 Tenant Utility Reimbursement Account Total 181,38549-181,38549- Object Account Total 181,38549-181,38549-5438201 T/O-Cleaning Contract Executive Amenities, inc 7-314 Suite Rental 2+2 loft cleaning extra charge for heavy cleanin 1+1 cleaning 1+1+L cleaning 1+1 cleaning 1+1 cleaning 2 bedroom cleaning 1+1+L cleaning Extra charge for heavy cleanin 1+1+L cleaning 1+1 cleaning 2 bedroom cleaning 2 bedroom cleaning 2 bedroom cleaning 1+1+L cleaning Balance Forward 23,56645 23,56645 PV 2156843 12/13/2011 19500 AA P 860490 PV 2156845 12/13/2011 13000 AA P 860490 PV 2156846 12/13/2011 2000 AA P 860490 PV 2156846 12/13/2011 10000 AA P 860490 PV 2156848 12/13/2011 11000 AA P 860490 PV 2155448 12/12/2011 10000 PV 2155449 12/12/2011 10000 PV 2155452 12/12/2011 12500 PV 2155454 12/12/2011 11000 PV 2155456 12/12/2011 7000 PV 2155456 12/12/2011 11000 PV 2155458 12/12/2011 10000 PV 2155459 12/12/2011 12500 PV 2155460 12/12/2011 12500 PV 2149422 12/1/2011 12500 AA P 859060 PV 2149423 12/1/2011 11000 AA P 859060 PV 2149424 12/1/2011 12500 AA P 859060

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 31 From Date - 12/1/2011 Thru Date - 12/31/2011 5438201 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 2 bedroom cleaning T/O-Cleaning Contract 5438203 T/O-Drapes & Blinds 5438204 T/O-Painting & Wall Coverings Period Total 1,88000 1,88000 Account Total 25,44645 25,44645 Object Account Total 25,44645 25,44645 Balance Forward 4,29765 4,29765 Object Account Total 4,29765 4,29765 Remove laminate, prime and pai paint patio Paint front of kitchen cabinet paint front door paint exterior frame 2+2 loft complete paint Remove laminate, prime and pai paint patio Paint front of kitchen cabinet paint front door paint exterior frame 1+1 complete paint 1+1+L ceilings paint patio paint ac registers paint front door paint exterior frame Balance Forward 91,97398 91,97398 PV 2156845 12/13/2011 8000 AA P 860490 PV 2156845 12/13/2011 2500 AA P 860490 PV 2156845 12/13/2011 12000 AA P 860490 PV 2156845 12/13/2011 2500 AA P 860490 PV 2156845 12/13/2011 2500 AA P 860490 PV 2156845 12/13/2011 31000 AA P 860490 PV 2156846 12/13/2011 12000 AA P 860490 PV 2156846 12/13/2011 2500 AA P 860490 PV 2156846 12/13/2011 12000 AA P 860490 PV 2156846 12/13/2011 2500 AA P 860490 PV 2156846 12/13/2011 2500 AA P 860490 PV 2156846 12/13/2011 19500 AA P 860490 PV 2156848 12/13/2011 12000 AA P 860490 PV 2156848 12/13/2011 2500 AA P 860490 PV 2156848 12/13/2011 3000 AA P 860490 PV 2156848 12/13/2011 2500 AA P 860490 PV 2156848 12/13/2011 2500 AA P 860490

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 32 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch PV 2156848 12/13/2011 17500 AA P 860490 paint accent wall back to swis PV 2156848 12/13/2011 26000 AA P 860490 1+1+L complete paint already r Wilmar PV 2155446 12/12/2011 4789 Kilz Primer Sealer - KILZ PRIM PV 2155448 12/12/2011 2500 paint patio PV 2155448 12/12/2011 12000 Paint front of kitchen cabinet PV 2155448 12/12/2011 3000 paint ac registers PV 2155448 12/12/2011 2500 paint front door PV 2155448 12/12/2011 2500 paint exterior frame PV 2155448 12/12/2011 10000 1+1 paint ceilings PV 2155448 12/12/2011 19500 1+1 complete paint PV 2155449 12/12/2011 10000 reseal granite counter top PV 2155449 12/12/2011 2500 paint patio PV 2155449 12/12/2011 12000 Paint front of kitchen cabinet PV 2155449 12/12/2011 3000 paint ac registers PV 2155449 12/12/2011 2500 paint front door PV 2155449 12/12/2011 2500 paint exterior frame PV 2155449 12/12/2011 11000 1+1 paint ceilings PV 2155449 12/12/2011 25000 1+1 upgrade paint PV 2155451 12/12/2011 12000 Remove laminate, prime and pai PV 2155452 12/12/2011 10000 reseal granite counter top PV 2155452 12/12/2011 6000 Remove laminate, prime and pai PV 2155452 12/12/2011 2500 paint patio PV 2155452 12/12/2011 6000 Paint fronts of lower kitchen

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 33 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch PV 2155452 12/12/2011 2500 paint front door PV 2155452 12/12/2011 2500 paint exterior frame PV 2155452 12/12/2011 35000 2+2 complete paint upgrade PV 2155454 12/12/2011 2500 paint patio PV 2155454 12/12/2011 6000 Sand and texture patches made PV 2155454 12/12/2011 10000 reseal granite counter top PV 2155454 12/12/2011 6000 Paint fronts of lower kitchen PV 2155454 12/12/2011 3000 paint ac registers PV 2155454 12/12/2011 32000 1+1+l upgrade paint PV 2155456 12/12/2011 2500 paint patio PV 2155456 12/12/2011 12000 Paint front of kitchen cabinet PV 2155456 12/12/2011 3000 paint ac registers PV 2155456 12/12/2011 15000 remove laminate prime and pain PV 2155456 12/12/2011 2500 paint front door PV 2155456 12/12/2011 2500 paint exterior frame PV 2155456 12/12/2011 26000 1+1+L complete paint already r PV 2155456 12/12/2011 12000 1+1+L ceilings PV 2155458 12/12/2011 32000 Remove laminate, prime and pai PV 2155458 12/12/2011 2500 paint patio PV 2155458 12/12/2011 12000 Paint front of kitchen cabinet PV 2155458 12/12/2011 2500 paint exterior frame PV 2155458 12/12/2011 19500 1+1 complete paint PV 2155459 12/12/2011 2500 paint patio

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 34 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch PV 2155459 12/12/2011 12000 Paint front of kitchen cabinet PV 2155459 12/12/2011 3000 paint ac registers PV 2155459 12/12/2011 2500 paint front door PV 2155459 12/12/2011 2500 paint exterior frame PV 2155459 12/12/2011 25000 2+2 complete paint PV 2155460 12/12/2011 2500 paint patio PV 2155460 12/12/2011 12000 Paint front of kitchen cabinet PV 2155460 12/12/2011 3000 paint ac registers PV 2155460 12/12/2011 2500 paint front door PV 2155460 12/12/2011 2500 paint exterior frame PV 2155460 12/12/2011 25000 2+2 complete paint HD Supply Facilities Maintenan PV 2155469 12/12/2011 927 9" HEAVY DUTY PAINT ROLLER FRA PV 2149422 12/1/2011 10000 AA P 859060 Remove laminate, prime and pai PV 2149422 12/1/2011 2500 AA P 859060 paint patio PV 2149422 12/1/2011 12000 AA P 859060 Paint front of kitchen cabinet PV 2149422 12/1/2011 3000 AA P 859060 paint ac registers PV 2149422 12/1/2011 2500 AA P 859060 paint front door PV 2149422 12/1/2011 2500 AA P 859060 paint exterior frame PV 2149422 12/1/2011 25000 AA P 859060 2+2 complete paint PV 2149423 12/1/2011 26000 AA P 859060 1+1+L complete paint already r PV 2149423 12/1/2011 2500 AA P 859060 paint exterior frame PV 2149423 12/1/2011 2500 AA P 859060 paint front door PV 2149423 12/1/2011 2500 AA P 859060 paint patio

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 35 From Date - 12/1/2011 Thru Date - 12/31/2011 5438204 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch PV 2149424 12/1/2011 35000 AA P 859060 2+2 Complete paint PV 2149424 12/1/2011 13000 AA P 859060 2+2 paint ceiling PV 2149424 12/1/2011 2500 AA P 859060 paint exterior frame PV 2149424 12/1/2011 2500 AA P 859060 paint front door PV 2149424 12/1/2011 12000 AA P 859060 Paint front of kitchen cabinet PV 2149424 12/1/2011 2500 AA P 859060 paint patio PV 2149424 12/1/2011 18000 AA P 859060 Remove laminate, prime and pai Classic Tub Repair PV 2151473 12/1/2011 27000 AA P 859428 2-102 Refinishing of Tub Classic Tub Repair PV 2151474 12/1/2011 41500 AA P 859428 #3-201 Refinishing of Kitchen Classic Tub Repair PV 2151475 12/1/2011 9500 AA P 859428 #5-408 Refinish kitchen sink T/O-Painting & Wall Coverings 5438205 T/O-Recovery Period Total 9,31216 9,31216 Account Total 101,28614 101,28614 Object Account Total 101,28614 101,28614 Rental Activity T/O-Recovery Balance Forward 56,00808-56,00808- JE 451503 12/20/2011 4,01701- AA P 861251 Period Total 4,01701-4,01701-5438205 T/O-Recovery Account Total 60,02509-60,02509- Object Account Total 60,02509-60,02509-5438206 T/O-Floor Covering CL & REP Rainbow Carpet Cleaners 2-205 Steam Clean Rainbow Carpet Cleaners 6-106 Steam Carpet Rainbow Carpet Cleaners 4-208 Steam Clean Rainbow Carpet Cleaners #6-405 T/O Shampoo Rainbow Carpet Cleaners 7-206 T/O Carpet Shampoo Balance Forward 14,21685 14,21685 PV 2156840 12/13/2011 9500 AA P 860490 PV 2156841 12/13/2011 6500 AA P 860490 PV 2156842 12/13/2011 8500 AA P 860490 PV 2151493 12/1/2011 10500 AA P 859428 PV 2151495 12/1/2011 13000 AA P 859428

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 36 From Date - 12/1/2011 Thru Date - 12/31/2011 5438206 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Rainbow Carpet Cleaners PV 2151496 12/1/2011 9500 AA P 859428 #5-404 T/O Rainbow Carpet Cleaners PV 2151498 12/1/2011 8,11100- AA P 859428 ADJUSTMENT Rainbow Carpet Cleaners PV 2151498 12/1/2011 8,20600 AA P 859428 #3-201 T/O T/O-Floor Covering CL & REP 5438207 T/O Miscellaneous 5438210 Apartment Renewal Period Total 8,78100 8,11100-67000 Account Total 22,99785 8,11100-14,88685 Object Account Total 22,99785 8,11100-14,88685 Balance Forward 45335 45335 Object Account Total 45335 45335 Balance Forward 13500-13500- Object Account Total 13500-13500- 5438211 Appliances HD Supply Facilities Maintenan PLASTIC EXHAUST FAN GRILLE HD Supply Facilities Maintenan 30" Range Hood Non Vented Natu HD Supply Facilities Maintenan 30W x 24H Wall Cabinet Box Onl Coast Appliance Parts & PO# 8211 Coast Appliance Parts & Coast Appliance Parts & Coast Appliance Parts & PO# 8211 Balance Forward 4,00648 4,00648 PV 2155469 12/12/2011 4426 PV 2155470 12/12/2011 11711 PV 2153523 12/2/2011 6328 AA P 859869 PV 2150462 12/1/2011 18529 AA P 859060 PV 2150466 12/1/2011 15405 AA P 859060 PV 2150467 12/1/2011 6118 AA P 859060 PV 2150469 12/1/2011 2378 AA P 859060 5438211 Appliances 5438215 Cabinets/ Closets 5438221 Cleaning-Contract Period Total 64895 64895 Account Total 4,65543 4,65543 Object Account Total 4,65543 4,65543 Balance Forward 62029 62029 Object Account Total 62029 62029 Balance Forward 46,12850 46,12850 12/11 Manager's Reclass JE 451577 12/31/2011 5,28000 AA P 861414 Correct Code- PV#2156829- CAM 12/11 Accruals Additional JE 451760 12/31/2011 16,12000 AA P 861668

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 37 From Date - 12/1/2011 Thru Date - 12/31/2011 5438221 Account Description Do G/L Amount P G/L Account Explanation/Remark 6/11, 9/11, & 12/11 CAM SVC Ty Document Date Co Debit Credit Balance LT C Batch 543 11-11 Manager's Accruals JE 450506 12/1/2011 5,28000- AA P 859389 CAM Services- Porter Contract Cam Services, Inc PV 2151483 12/1/2011 5,28000 AA P 859428 October Porter Service Cleaning-Contract 5438223 Cleaning-Contract CAM 5438223 Period Total 26,68000 5,28000-21,40000 Account Total 72,80850 5,28000-67,52850 Object Account Total 72,80850 5,28000-67,52850 12/11 Manager's Reclass JE 451577 12/31/2011 5,28000- AA P 861414 Wrong Code- PV#2156829- C AM S Cam Services, Inc PV 2156829 12/13/2011 5,28000 AA P 860490 Day Porter Services for Novemb Cleaning-Contract CAM 5438225 Cleaning-Supplies 5438225 Period Total 5,28000 5,28000- Account Total 5,28000 5,28000- Object Account Total 5,28000 5,28000- Balance Forward 7,28539 7,28539 12/11 Manager's Reclass JE 451577 12/31/2011 1,35123- AA P 861414 Wrong Code- PV#2153524- HD Sup Wilmar PV 2155446 12/12/2011 2392 Grout Brush - Plastic bristles Wilmar PV 2155446 12/12/2011 2393 Grout Brush - Stainless steel Wilmar PV 2155446 12/12/2011 1227 **SPRAY BOTTLE PRO SAFE HD Supply Facilities Maintenan PV 2155469 12/12/2011 5677 5 GALLON SIMPLE GREEN HD Supply Facilities Maintenan PV 2153524 12/2/2011 1,35123 AA P 859869 30 GAL HEX CONTAINER BLACK FO Wilmar PV 2151482 12/1/2011 4671 AA P 859428 Roll Towels - Individually wra Wilmar PV 2151482 12/1/2011 6845 AA P 859428 COTTONELLE 2PLY TOILET TISSUE HD Supply Facilities Maintenan PV 2151503 12/1/2011 8667 AA P 859428 45 GALLON HVY DTY TRASH BAG "P Cleaning-Supplies 5438231 Clubhouse and Rec Room Period Total 1,66995 1,35123-31872 Account Total 8,95534 1,35123-7,60411 Object Account Total 8,95534 1,35123-7,60411 Balance Forward 81162 81162

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 38 From Date - 12/1/2011 Thru Date - 12/31/2011 5438231 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Great American Business Prod PV 2151481 12/1/2011 5895 AA P 859428 Fitness Center Sign Clubhouse and Rec Room 5438232 Common Area Expense 5438232 Period Total 5895 5895 Account Total 87057 87057 Object Account Total 87057 87057 Balance Forward 77740 77740 12/11 Manager's Reclass JE 451577 12/31/2011 1,35123 AA P 861414 Correct Code- PV#2153524- HD S Common Area Expense 5438234 Countertops Period Total 1,35123 1,35123 Account Total 2,12863 2,12863 Object Account Total 2,12863 2,12863 reseal granite kit counter top PV 2149426 12/1/2011 10000 AA P 859060 5438234 Countertops 5438235 Electrical Services Period Total 10000 10000 Account Total 10000 10000 Object Account Total 10000 10000 Regency Lighting Tech - Troublshoot Signs Balance Forward 1,05500 1,05500 PV 2156823 12/13/2011 17500 AA P 860490 5438235 Electrical Services 5438236 Electrical Supplies Regency Lighting 18w ballast Regency Lighting ballast for holly street sign HD Supply Facilities Maintenan WHITE TV CABLE WALL PLATE "PKG HD Supply Facilities Maintenan WHT SURFACE PHONE JACK PLATE"P HD Supply Facilities Maintenan WIREGARD BLUE WIRE CONNECTR "P HD Supply Facilities Maintenan 15 AMP DECORATOR RCPTCLE WHT " Period Total 17500 17500 Account Total 1,23000 1,23000 Object Account Total 1,23000 1,23000 Balance Forward 2,90972 2,90972 PV 2156821 12/13/2011 18235 AA P 860490 PV 2156827 12/13/2011 27303 AA P 860490 PV 2155468 12/12/2011 2955 PV 2155468 12/12/2011 2251 PV 2155468 12/12/2011 1031 PV 2155468 12/12/2011 5346

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 39 From Date - 12/1/2011 Thru Date - 12/31/2011 5438236 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch HD Supply Facilities Maintenan PV 2155468 12/12/2011 2603 HUBL WHT SGL DECO WALL PLTE "P HD Supply Facilities Maintenan PV 2155469 12/12/2011 505 SGL DUPLEX RECEPT PLATE WH "PK Electrical Supplies 5438237 Elevators & Escalators 5438237 Period Total 60229 60229 Account Total 3,51201 3,51201 Object Account Total 3,51201 3,51201 Balance Forward 18,63511 18,63511 12/11 Manager's Accruals JE 451576 12/31/2011 1,20000 AA P 861414 Total Access- Dec Pre-Maint Total Access Elevator PV 2151510 12/1/2011 20000 AA P 859428 Elev #2 trouble call 9-18-11 Elevators & Escalators 5438240 Exterior Building Structure 5438241 Exterior Lighting 5438242 Exterminators Dewey Pest & Termite Control December Pest Control Service Dewey Pest & Termite Control #5-302- Termite Treatment Dewey Pest & Termite Control Termite Treatment 8-308 Dewey Pest & Termite Control #5-202- Termite Treatment Dewey Pest & Termite Control #8-408- Termite Treatment Dewey Pest & Termite Control 5-402- Termite Treatment HD Supply Facilities Maintenan PROFESSIONAL RAT TRAP "PKG OF HD Supply Facilities Maintenan PROFESSIONAL MOUSE TRAP "PKG O Period Total 1,40000 1,40000 Account Total 20,03511 20,03511 Object Account Total 20,03511 20,03511 Balance Forward 63702 63702 Object Account Total 63702 63702 Balance Forward 31724 31724 Object Account Total 31724 31724 Balance Forward 6,10082 6,10082 PV 2156806 12/13/2011 29900 AA P 860490 PV 2149399 12/1/2011 30000 AA P 859060 PV 2149400 12/1/2011 42500 AA P 859060 PV 2149401 12/1/2011 40000 AA P 859060 PV 2149402 12/1/2011 35000 AA P 859060 PV 2149403 12/1/2011 30000 AA P 859060 PV 2151503 12/1/2011 2839 AA P 859428 PV 2151503 12/1/2011 867 AA P 859428

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 40 From Date - 12/1/2011 Thru Date - 12/31/2011 5438242 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Period Total 2,11106 2,11106 Exterminators 5438243 Fire Protection Supplies Account Total 8,21188 8,21188 Object Account Total 8,21188 8,21188 HD Supply Facilities Maintenan SMOKE TEST SMOKE ALARM TESTER Balance Forward 2,02160 2,02160 PV 2155469 12/12/2011 2323 5438243 Fire Protection Supplies 5438244 General Maintenance Supplies Period Total 2323 2323 Account Total 2,04483 2,04483 Object Account Total 2,04483 2,04483 HD Supply Facilities Maintenan 34X80 6-PANEL PH INT RGHT HND HD Supply Facilities Maintenan 34X80 6-PANEL PH INT RGHT HND HD Supply Facilities Maintenan LARGE GRAIN LEATHER GLOVE "PK HD Supply Facilities Maintenan N95 PARTICULATE RESPIRATOR "PK HD Supply Facilities Maintenan DISPOSABLE SHOE COVERS "BOX OF HD Supply Facilities Maintenan LARGE LEATHER PALM GLOVE "PKG Wilmar Wilmar **SML PRJCT CLEAR SILICONE LIQ HD Supply Facilities Maintenan 34X80 6-PANEL PH INT RGHT HND HD Supply Facilities Maintenan 2-1/4" X 7' PRIMED MDF RANCH C HD Supply Facilities Maintenan 30 x 24" Appl Wall Wht (2 Door HD Supply Facilities Maintenan 30W x 24H" Wall Cabinet (Box O Balance Forward 7,47432 7,47432 PD 2155465 12/12/2011 8739- PV 2155464 12/12/2011 8739 PV 2155469 12/12/2011 1032 PV 2155469 12/12/2011 3924 PV 2155469 12/12/2011 3408 PV 2155469 12/12/2011 515 PV 2150478 12/1/2011 4271 AA P 859060 PV 2151482 12/1/2011 2284 AA P 859428 PV 2151503 12/1/2011 8739 AA P 859428 PV 2151503 12/1/2011 2786 AA P 859428 PV 2151505 12/1/2011 7748 AA P 859428 PV 2151506 12/1/2011 6328 AA P 859428 5438244 General Maintenance Supplies 5438245 HVAC-Contract Period Total 49774 8739-41035 Account Total 7,97206 8739-7,88467 Object Account Total 7,97206 8739-7,88467 Fire-N-Ice Heating & A/C Balance Forward 12,25334 12,25334 PV 2156859 12/13/2011 23000 AA P 860490

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 41 From Date - 12/1/2011 Thru Date - 12/31/2011 5438245 Account Description Do G/L Amount P G/L Account Explanation/Remark replacement of thermostat, bel Ty Document Date Co Debit Credit Balance LT C Batch Summit Air Conditioning PV 2149412 12/1/2011 13032 AA P 859060 Service Call #2-106- Labor HVAC-Contract 5438246 HVAC-Supplies Period Total 36032 36032 Account Total 12,61366 12,61366 Object Account Total 12,61366 12,61366 HD Supply Facilities Maintenan R-22 REFRIGERANT - 30 LB Wilmar **R-22 FREON 30 LB CYL Wilmar NEW GALLO GUN CO2 CARTRIDGES 1 HD Supply Facilities Maintenan 16 X 20 X1" HD PLEATED FILTR " HD Supply Facilities Maintenan 12 X 20 X 1" PLEATED FILTER "B Summit Air Conditioning " "Parts/Shipping HD Supply Facilities Maintenan 16 X 20 X1" HD PLEATED FILTR " HD Supply Facilities Maintenan 20 X 20 X 1" PLEATED FILTER "B HD Supply Facilities Maintenan 10 X 20 X1" HD PLEATED FILTR " Balance Forward 11,25849 11,25849 PV 2156857 12/13/2011 20660 AA P 860490 PV 2155445 12/12/2011 18487 PV 2155445 12/12/2011 2700 PV 2155468 12/12/2011 4308 PV 2155468 12/12/2011 3340 PV 2149412 12/1/2011 5814 AA P 859060 PV 2151503 12/1/2011 4308 AA P 859428 PV 2151503 12/1/2011 8143 AA P 859428 PV 2151503 12/1/2011 3689 AA P 859428 5438246 HVAC-Supplies 5438248 Interior Building Period Total 71449 71449 Account Total 11,97298 11,97298 Object Account Total 11,97298 11,97298 Balance Forward 39,12789 39,12789 12/11 Manager's Reclass JE 451577 12/31/2011 87000- AA P 861414 Wrong Code- PV#2149428- HD Sup Whisk Cleaning Services, Inc PV 2150629 12/31/2011 99000 AA P 859266 Trauma Clean up Classic Tub Repair PV 2156814 12/13/2011 525 AA P 860490 Past due Fee Classic Tub Repair PV 2156814 12/13/2011 5000 AA P 860490 Extra Prep Work due to Wear in Classic Tub Repair PV 2156814 12/13/2011 20500 AA P 860490 3-101 Refinish Tub Classic Tub Repair PV 2156814 12/13/2011 9500 AA P 860490

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 42 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark 3-101 Refinish Kitch Sink Ty Document Date Co Debit Credit Balance LT C Batch Classic Tub Repair PV 2156815 12/13/2011 578 AA P 860490 Past Due Fee Classic Tub Repair PV 2156815 12/13/2011 9500 AA P 860490 Refinish Kitch Sink Classic Tub Repair PV 2156815 12/13/2011 9500 AA P 860490 Refinish Tile Bar Top Classic Tub Repair PV 2156815 12/13/2011 19500 AA P 860490 Refinish Tile Kitch CT Classic Tub Repair PV 2156816 12/13/2011 578 AA P 860490 6-108 Past Due Fee Classic Tub Repair PV 2156816 12/13/2011 9500 AA P 860490 6-108 Refinish Kitch Sink Classic Tub Repair PV 2156816 12/13/2011 9500 AA P 860490 6-108 Refinish Tile Bar Top Classic Tub Repair PV 2156816 12/13/2011 19500 AA P 860490 6-108 Refinish Tile CT Classic Tub Repair PV 2156817 12/13/2011 5000 AA P 860490 4-408 Extra Prep Work due to E Classic Tub Repair PV 2156817 12/13/2011 20500 AA P 860490 4-408 Refinish Tub Classic Tub Repair PV 2156818 12/13/2011 41000 AA P 860490 4-113 Refinish Tub Classic Tub Repair PV 2156819 12/13/2011 12500 AA P 860490 4-211 Refinish Kitchen Sink Regency Lighting PV 2156825 12/13/2011 27079 AA P 860490 custom mal 42 PV 2156845 12/13/2011 5000 AA P 860490 removal of shower doors PV 2156846 12/13/2011 2500 AA P 860490 removal of shower doors PV 2156847 12/13/2011 6000 AA P 860490 relocate switch PV 2156847 12/13/2011 4000 AA P 860490 repair drywall and texture aro PV 2156847 12/13/2011 22000 AA P 860490 remove pocket door in bathroom PV 2156848 12/13/2011 2500 AA P 860490 removal of shower doors National Glass PV 2156861 12/13/2011 22831 AA P 860490 147 east holly 4th floor windo PV 2155447 12/12/2011 15000 drywall repair hvac closet PV 2155448 12/12/2011 2500 removal of shower doors

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 43 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch PV 2155449 12/12/2011 2500 removal of shower doors PV 2155450 12/12/2011 39000 drywall repair on bathroom cei PV 2155454 12/12/2011 2500 removal of shower doors PV 2155455 12/12/2011 12000 remove peeling paint on walls PV 2155456 12/12/2011 2500 removal of shower doors PV 2155457 12/12/2011 34000 1-207 drywall repair PV 2155458 12/12/2011 2500 removal of shower doors PV 2155459 12/12/2011 5000 removal of shower doors PV 2155460 12/12/2011 5000 removal of shower doors PV 2155461 12/12/2011 6500 replace broken tiles on kit co PV 2155462 12/12/2011 23000 Replace drywall on bathroom wa PV 2155462 12/12/2011 11000 replace wood under kit sink fr PV 2149422 12/1/2011 5000 AA P 859060 removal of shower doors PV 2149423 12/1/2011 8000 AA P 859060 drywall repair hvac closet PV 2149424 12/1/2011 2500 AA P 859060 removal of shower doors PV 2149425 12/1/2011 12000 AA P 859060 drywall repairs and paint stai HD Supply Facilities Maintenan PV 2149428 12/1/2011 87000 AA P 859060 STOPPER II WITH HORN FLUSH MOU HD Supply Facilities Maintenan PV 2149429 12/1/2011 14842 AA P 859060 VANITY MIRROR HD Supply Facilities Maintenan PV 2149429 12/1/2011 6600 AA P 859060 VANITY MIRROR Rainbow Carpet Cleaners PV 2151494 12/1/2011 23500 AA P 859428 #6-102 T/O Shampoo Rainbow Carpet Cleaners PV 2151497 12/1/2011 26400 AA P 859428 Bldg #1 3rd Floor Hallway 5438248 Interior Building Period Total 7,32433 87000-6,45433 Account Total 46,45222 87000-45,58222 Object Account Total 46,45222 87000-45,58222

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 44 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5438249 Keys & Locks Rental Activity Keys Locks Balance Forward 8,24257 8,24257 JE 451503 12/20/2011 17501- AA P 861251 5438249 Keys & Locks 5438250 General Maintenance 5438251 Landscaping Contract 5438251 Period Total 17501-17501- Account Total 8,24257 17501-8,06756 Object Account Total 8,24257 17501-8,06756 Balance Forward 3,39747 3,39747 Object Account Total 3,39747 3,39747 Balance Forward 39,60000 39,60000 12/11 Accruals Additional JE 451760 12/31/2011 10,80000 AA P 861668 10/11-12/11 Landscape Maintena 12/11 Accruals Additional JE 451760 12/31/2011 5,62200 AA P 861668 11/11 Palm tree trimming 543 11-11 Manager's Accruals JE 450506 12/1/2011 3,60000- AA P 859389 Valley Crest Landscaping Contract 5438253 Landscaping Supplies 5438261 Light Bulbs Period Total 16,42200 3,60000-12,82200 Account Total 56,02200 3,60000-52,42200 Object Account Total 56,02200 3,60000-52,42200 Balance Forward 71000 71000 Object Account Total 71000 71000 Regency Lighting 1027903 Regency Lighting 1027903 Regency Lighting 1027903 Regency Lighting 1027903 Regency Lighting 1027903 Regency Lighting 1R2009TCP Regency Lighting globe bulb vanity light Balance Forward 4,41901 4,41901 PV 2153368 12/31/2011 1462 AA P 859795 PV 2153369 12/31/2011 11854 AA P 859795 PV 2153370 12/31/2011 23001 AA P 859795 PV 2153371 12/31/2011 25513 AA P 859795 PV 2153372 12/31/2011 17779 AA P 859795 PV 2156820 12/13/2011 2551 AA P 860490 PV 2156821 12/13/2011 3676 AA P 860490

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 45 From Date - 12/1/2011 Thru Date - 12/31/2011 5438261 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Regency Lighting PV 2156821 12/13/2011 6730 AA P 860490 4ft recycle pak Regency Lighting PV 2156821 12/13/2011 8684 AA P 860490 2ft recycle pak Regency Lighting PV 2156821 12/13/2011 202 AA P 860490 t-8 4ft 4100k Regency Lighting PV 2156821 12/13/2011 6853 AA P 860490 8ft recycle pak Regency Lighting PV 2156821 12/13/2011 11380 AA P 860490 ADJUSTMENT Regency Lighting PV 2156822 12/13/2011 27079 AA P 860490 Custom 62 MAL Regency Lighting PV 2156826 12/13/2011 2121 AA P 860490 f42t-12 flourescent bulbs for Regency Lighting PV 2156828 12/13/2011 19086 AA P 860490 fr42t12 flourescent bulbs for Regency Lighting PV 2151476 12/1/2011 23001 AA P 859428 Light bulbsd for property Regency Lighting PV 2151476 12/1/2011 23001- AA P 859428 Light bulbsd for property Regency Lighting PV 2151477 12/1/2011 25513 AA P 859428 Light Bulbs for property Regency Lighting PV 2151477 12/1/2011 25513- AA P 859428 Light Bulbs for property Regency Lighting PV 2151478 12/1/2011 17779 AA P 859428 Light Bulbs Regency Lighting PV 2151478 12/1/2011 17779- AA P 859428 Light Bulbs Regency Lighting PV 2151479 12/1/2011 11854 AA P 859428 Light Bulbs Regency Lighting PV 2151479 12/1/2011 11854- AA P 859428 Light Bulbs Regency Lighting PV 2151480 12/1/2011 1462 AA P 859428 Light Bulbs Regency Lighting PV 2151480 12/1/2011 1462- AA P 859428 Light Bulbs Light Bulbs 5438262 Painting & Wall Covering Period Total 2,47580 79609-1,67971 Account Total 6,89481 79609-6,09872 Object Account Total 6,89481 79609-6,09872 Frazee Paint ADJUSTMENT Frazee Paint Balance Forward 6,15017 6,15017 PV 2156835 12/13/2011 421 AA P 860490 PV 2156835 12/13/2011 2017 AA P 860490

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 46 From Date - 12/1/2011 Thru Date - 12/31/2011 5438262 Account Description Do G/L Amount P G/L Account Explanation/Remark Acri-Tec Medium Ty Document Date Co Debit Credit Balance LT C Batch Frazee Paint PV 2156835 12/13/2011 2790 AA P 860490 Mirror Glide S/G Deep GA Painting & Wall Covering 5438264 Painting-Exterior Period Total 5228 5228 Account Total 6,20245 6,20245 Object Account Total 6,20245 6,20245 Paint Holly Street Gate Balance Forward 44218 44218 PV 2155453 12/12/2011 34000 5438264 Painting-Exterior 5438266 Plumbing Services 5438266 Period Total 34000 34000 Account Total 78218 78218 Object Account Total 78218 78218 Balance Forward 9,76580 9,76580 Benrich Service Company, Inc PV 2156812 12/13/2011 32500 AA P 860490 Water Treatment Contract Benrich Service Company, Inc PV 2156813 12/13/2011 32500 AA P 860490 water treatment contract Sinacori Plumbing PV 2155463 12/12/2011 37500 camera and map planter by buil 543 11-11 Manager's Accruals JE 450506 12/1/2011 72500- AA P 859389 Summit Air- Boiler Service Summit Air Conditioning PV 2149408 12/1/2011 26040 AA P 859060 Repaired hot water pipe in gar Summit Air Conditioning PV 2149410 12/1/2011 25500 AA P 859060 labor Plumbing Services 5438268 Plumbing Supplies Period Total 1,54040 72500-81540 Account Total 11,30620 72500-10,58120 Object Account Total 11,30620 72500-10,58120 Balance Forward 15,70951 15,70951 12/11 Manager's Reclass JE 451577 12/31/2011 87000 AA P 861414 Correct Code- PV#2149428- HD S Wilmar PV 2155445 12/12/2011 11135 **BAYVIEW KTCHN FCT LOOP HNDL HD Supply Facilities Maintenan PV 2155468 12/12/2011 593 UNIVERSAL POP-UP BALL JOINT RO HD Supply Facilities Maintenan PV 2155468 12/12/2011 3062 3/8" QUICK SEAL TUB DRAIN STOP

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 47 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch HD Supply Facilities Maintenan PV 2155468 12/12/2011 5470 17 GAUGE SATIN CHROME BRASS TR HD Supply Facilities Maintenan PV 2155468 12/12/2011 4470 17 GAUGE CHROME PLATED BRASS J HD Supply Facilities Maintenan PV 2155468 12/12/2011 4502 3/8" TAPPED COARSE THREAD DRAI HD Supply Facilities Maintenan PV 2155468 12/12/2011 3235 KOHLER PLASTIC POP-UP PLUG HD Supply Facilities Maintenan PV 2155468 12/12/2011 1577 BLANK TWO-HOLE OVERFLOW PLATE HD Supply Facilities Maintenan PV 2155468 12/12/2011 511 1-1/2 TO 2" WHITE TUB STOPPER HD Supply Facilities Maintenan PV 2155468 12/12/2011 2649 SYMMONS TEMPTROL II TRIM KIT HD Supply Facilities Maintenan PV 2155468 12/12/2011 5416 STANDARD FLOW SHOWERHEAD - CHR HD Supply Facilities Maintenan PV 2155468 12/12/2011 2323 ISE DISPOSER SPLASHGUARD HD Supply Facilities Maintenan PV 2155468 12/12/2011 1962 55 WHITE TUB&TILE CAULK "CASE HD Supply Facilities Maintenan PV 2155468 12/12/2011 2920 STAINLESS STEEL SINK BASKET "P HD Supply Facilities Maintenan PV 2155468 12/12/2011 1546 RPLCMNT ISE DISPOSER STOPPER " HD Supply Facilities Maintenan PV 2155469 12/12/2011 712 9X11" FINE SAND PAPER "PKG OF Summit Air Conditioning PV 2149408 12/1/2011 9191 AA P 859060 Parts Summit Air Conditioning PV 2149410 12/1/2011 772 AA P 859060 tax Summit Air Conditioning PV 2149410 12/1/2011 7916 AA P 859060 ball valve and materials HD Supply Facilities Maintenan PV 2151503 12/1/2011 3062 AA P 859428 3/8" QUICK SEAL TUB DRAIN STOP HD Supply Facilities Maintenan PV 2151503 12/1/2011 5470 AA P 859428 17 GAUGE SATIN CHROME BRASS TR HD Supply Facilities Maintenan PV 2151503 12/1/2011 4470 AA P 859428 17 GAUGE CHROME PLATED BRASS J HD Supply Facilities Maintenan PV 2151503 12/1/2011 4502 AA P 859428 3/8" TAPPED COARSE THREAD DRAI HD Supply Facilities Maintenan PV 2151503 12/1/2011 1577 AA P 859428 BLANK TWO-HOLE OVERFLOW PLATE HD Supply Facilities Maintenan PV 2151503 12/1/2011 216 AA P 859428 SHOWER ARM FLANGE "PKG OF 10" HD Supply Facilities Maintenan PV 2151503 12/1/2011 4621 AA P 859428 REPLACE-KOHLER PLASTIC TOILET

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 48 From Date - 12/1/2011 Thru Date - 12/31/2011 5438268 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch HD Supply Facilities Maintenan PV 2151503 12/1/2011 5416 AA P 859428 STANDARD FLOW SHOWERHEAD - CHR HD Supply Facilities Maintenan PV 2151503 12/1/2011 1000 AA P 859428 1/2 X 6" CHROME PLATED BRASS S HD Supply Facilities Maintenan PV 2151504 12/1/2011 729 AA P 859428 CHROME DIE CAST ZINC DIVERTER HD Supply Facilities Maintenan PV 2151507 12/1/2011 6558 AA P 859428 CHROME DIE CAST ZINC DIVERTER Plumbing Supplies 5438272 Pools & Fountains Period Total 1,94583 1,94583 Account Total 17,65534 17,65534 Object Account Total 17,65534 17,65534 Summit Air Conditioning Replaced valve on fountain Balance Forward 5,91839 5,91839 PV 2149413 12/1/2011 36290 AA P 859060 5438272 Pools & Fountains 5438274 Privacy Gates Period Total 36290 36290 Account Total 6,28129 6,28129 Object Account Total 6,28129 6,28129 ASCI Security Service call- Main Call Box Balance Forward 2,75767 2,75767 PV 2151509 12/1/2011 25000 AA P 859428 5438274 Privacy Gates 5438277 Roof 5438278 Security Contract Period Total 25000 25000 Account Total 3,00767 3,00767 Object Account Total 3,00767 3,00767 Balance Forward 38900 38900 Object Account Total 38900 38900 Balance Forward 55,31600 55,31600 12/11 Accruals Additional JE 451760 12/31/2011 12,85000 AA P 861668 10/11-12/11 Level 3 543 11-11 Manager's Accruals JE 450506 12/1/2011 3,49400- AA P 859389 10/11-10/31 Level 3 543 11-11 Manager's Accruals JE 450506 12/1/2011 5,05600- AA P 859389 11/2011 Level 3 5438278 Security Contract Period Total 12,85000 8,55000-4,30000 Account Total 68,16600 8,55000-59,61600 Object Account Total 68,16600 8,55000-59,61600

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 49 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5438280 Signs & Flagpoles 5438282 Small Tools 5438286 Uniforms 5438289 Window Cleaning-Contract Balance Forward 12211 12211 Object Account Total 12211 12211 Balance Forward 58530 58530 Object Account Total 58530 58530 Balance Forward 57214 57214 Object Account Total 57214 57214 Grinnell Window Cleaning, Inc October Service Balance Forward 1,90100 1,90100 PV 2149405 12/1/2011 21300 AA P 859060 5438289 Window Cleaning-Contract 5438290 Window Cleaning-Supplies 5438310 Real Property Taxes 5438310 Period Total 21300 21300 Account Total 2,11400 2,11400 Object Account Total 2,11400 2,11400 Balance Forward 3814 3814 Object Account Total 3814 3814 Balance Forward 818,76809 818,76809 07-11/11 Prop Tx Accr True Up JE 450731 12/31/2011 1,89564- AA P 859909 7-11/11 Prop Tx Accr True Up 12/11 Monthly Recurring Entry JE 450955 12/31/2011 74,85900 AA P 860412 PROPERTY TAX Real Property Taxes 5438330 Personal Property Taxes 5438335 CFD Area Taxes-A Period Total 74,85900 1,89564-72,96336 Account Total 893,62709 1,89564-891,73145 Object Account Total 893,62709 1,89564-891,73145 Balance Forward 11254 11254 Object Account Total 11254 11254 Balance Forward 417,96628 417,96628 12/11 Monthly Recurring Entry JE 450955 12/31/2011 37,99688 AA P 860412 CFD AREA TAXES 5438335 CFD Area Taxes-A Period Total 37,99688 37,99688 Account Total 455,96316 455,96316

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 50 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Object Account Total 455,96316 455,96316 5438336 CFD Area Admin Fees 5438350 Insurance 5438350 Balance Forward 12,76000 12,76000 Object Account Total 12,76000 12,76000 Balance Forward 139,27250 139,27250 12/11 Monthly Recurring Entry JE 450955 12/31/2011 12,58723 AA P 860412 INSURANCE Insurance 5438450 Property Management Fees 5438450 Period Total 12,58723 12,58723 Account Total 151,85973 151,85973 Object Account Total 151,85973 151,85973 Balance Forward 276,96764 276,96764 12/11 MGMT FEE ACCRUAL JE 451588 12/31/2011 1,09160 AA P 861425 12-11 MGMT FEE ACCRUAL Sares Regis Management Company PV 2150612 12/31/2011 1,00162 AA P 859250 11-11 MGMT FEE TU Sares Regis Management Company PV 2156553 12/31/2011 25,19641 AA P 860449 MGMT FEE 12-11 11-11 MGMT FEE ACCRUAL JE 450428 12/1/2011 1,00162- AA P 859255 11-11 MGMT FEE ACCRUAL Property Management Fees 5438490 Legal Fees Period Total 27,28963 1,00162-26,28801 Account Total 304,25727 1,00162-303,25565 Object Account Total 304,25727 1,00162-303,25565 Balance Forward 8,88125 8,88125 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 2,50000 AA P 861689 Legal Assc Int Rate Cap Rental Activity JE 451503 12/20/2011 65000- AA P 861251 Legal Fees Wells Law Group, APC PV 2156836 12/13/2011 1960 AA P 860490 6-103 Correspondance Wells Law Group, APC PV 2156837 12/13/2011 8000 AA P 860490 7-307 Prepare Dec Wells Law Group, APC PV 2156838 12/13/2011 23000 AA P 860490 6-108 Prepare Conmplaint Wells Law Group, APC PV 2156839 12/13/2011 62000 AA P 860490 2-304 UD Package Wells Law Group, APC PV 2151491 12/1/2011 1960 AA P 859428 #6-103b Masjedi Complaint Wells Law Group, APC PV 2151492 12/1/2011 15000- AA P 859428

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 51 From Date - 12/1/2011 Thru Date - 12/31/2011 5438490 Account Description Do G/L Amount P G/L Account Explanation/Remark ADJUSTMENT Ty Document Date Co Debit Credit Balance LT C Batch Wells Law Group, APC PV 2151492 12/1/2011 24500 AA P 859428 1-301 Flowers- Declaration pre Legal Fees 5438520 Maid Services 5438525 Mailers & Postage 5438530 Model Accessories 5438535 Office Hospitality Period Total 3,71420 80000-2,91420 Account Total 12,59545 80000-11,79545 Object Account Total 12,59545 80000-11,79545 Balance Forward 7150 7150 Object Account Total 7150 7150 Balance Forward 42296 42296 Object Account Total 42296 42296 Balance Forward 20421 20421 Object Account Total 20421 20421 ArrowheadDrinkingWater BOTTLED WATER Balance Forward 1,25693 1,25693 PV 2150656 12/31/2011 19296 AA P 859317 5438535 Office Hospitality 5438540 Outside Leasing Commissions Period Total 19296 19296 Account Total 1,44989 1,44989 Object Account Total 1,44989 1,44989 Balance Forward 10,63730 10,63730 12/11 Monthly Recurring Entry JE 450955 12/31/2011 26349 AA P 860412 SANTOYO TANNING 12/11 Monthly Recurring Entry JE 450955 12/31/2011 30791 AA P 860412 EPISCOPAL 12/11 Monthly Recurring Entry JE 450955 12/31/2011 6788 AA P 860412 MIG RentCom PV 2156831 12/13/2011 30900 AA P 860490 3-303 Farkas Referral RentCom PV 2156832 12/13/2011 30900 AA P 860490 1-111 Brunsvold/Ziegler/Johnso RentCom PV 2156833 12/13/2011 30900 AA P 860490 8-409 Paulino Referral RentCom PV 2151487 12/1/2011 30900 AA P 859428 Ling Ge RentCom PV 2151488 12/1/2011 30900 AA P 859428 Parag Phadtare

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 52 From Date - 12/1/2011 Thru Date - 12/31/2011 5438540 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch RentCom PV 2151489 12/1/2011 30900 AA P 859428 Referral Fee for #2-204 Crooks Outside Leasing Commissions 5438542 Resident Referral 5438545 Printed Materials-Newsletters Period Total 2,49328 2,49328 Account Total 13,13058 13,13058 Object Account Total 13,13058 13,13058 Balance Forward 1,80000 1,80000 Object Account Total 1,80000 1,80000 Apartment Newsletterscom December 2011 Newsletters Balance Forward 64280 64280 PV 2156860 12/13/2011 17610 AA P 860490 5438545 Printed Materials-Newsletters 5438550 Printed Media-Ads Period Total 17610 17610 Account Total 81890 81890 Object Account Total 81890 81890 Leaselabs For Rent Magazine 1 internet ad - November RentCom Property Ugrade on Site Move Sales, Inc Number of clicks on Listing No Move Sales, Inc 1 Showcase Listing Online for For Rent Magazine 11/1/11 issue date Move Sales, Inc October 2011 MyNewPlace October 2011 Lead Tracking Solutions 11/7 thru 12/4/2011 Balance Forward 24,21805 24,21805 PV 2156572 12/31/2011 76289 AA P 860453 PV 2156830 12/13/2011 60900 AA P 860490 PV 2156834 12/13/2011 12000 AA P 860490 PV 2156852 12/13/2011 1500 AA P 860490 PV 2156852 12/13/2011 5000 AA P 860490 PV 2151485 12/1/2011 60900 AA P 859428 PV 2151500 12/1/2011 9500 AA P 859428 PV 2151501 12/1/2011 17500 AA P 859428 PV 2151508 12/1/2011 14900 AA P 859428 5438550 Printed Media-Ads 5438555 Promotional Materials Period Total 2,58489 2,58489 Account Total 26,80294 26,80294 Object Account Total 26,80294 26,80294 Balance Forward 71035 71035 Object Account Total 71035 71035

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 53 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5438560 Resident Functions 5438565 Resident Relations Balance Forward 7778 7778 Object Account Total 7778 7778 Rental Activity Resident Relations Balance Forward 7,15572 7,15572 JE 451503 12/20/2011 1,78500 AA P 861251 5438565 Resident Relations 5438570 Shopping Reports 5438585 Stationery & Brochures 5438585 Period Total 1,78500 1,78500 Account Total 8,94072 8,94072 Object Account Total 8,94072 8,94072 Balance Forward 82000 82000 Object Account Total 82000 82000 Balance Forward 21863 21863 9155 PV 2149416 12/1/2011 2380 AA P 859060 Business Cards for Melody Salv 9155 PV 2149417 12/1/2011 16485 AA P 859060 Business cards for Greg, Nicol Stationery & Brochures 5438612 Write-Off Turn Over Costs Period Total 18865 18865 Account Total 40728 40728 Object Account Total 40728 40728 Rental Activity Write-Turn Over Cost Balance Forward 2,79850 2,79850 JE 451503 12/20/2011 3133- AA P 861251 5438612 Write-Off Turn Over Costs 5438613 Write-Off Legal Fees 5438614 Write-Off Utilities Period Total 3133-3133- Account Total 2,79850 3133-2,76717 Object Account Total 2,79850 3133-2,76717 Balance Forward 2,65870 2,65870 Object Account Total 2,65870 2,65870 Rental Activity Write-Off Utilities Balance Forward 21408 21408 JE 451503 12/20/2011 12558- AA P 861251 Period Total 12558-12558-

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 54 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5438614 Write-Off Utilities Account Total 21408 12558-8850 Object Account Total 21408 12558-8850 5438615 Bad Debt Write Off - Rent Rental Activity Bad Debt Write Off - Rent Balance Forward 20,39685 20,39685 JE 451503 12/20/2011 1,75145- AA P 861251 5438615 Bad Debt Write Off - Rent 5438617 Write Off-Term/Insur Notice Period Total 1,75145-1,75145- Account Total 20,39685 1,75145-18,64540 Object Account Total 20,39685 1,75145-18,64540 Rental Activity Bad Debt Write Off - Term/Noti Balance Forward 24,18882 24,18882 JE 451503 12/20/2011 3,86257- AA P 861251 5438617 Write Off-Term/Insur Notice 5438618 Write Off-Other 5438620 Bank Charges 5438620 Period Total 3,86257-3,86257- Account Total 24,18882 3,86257-20,32625 Object Account Total 24,18882 3,86257-20,32625 Balance Forward 2,83358 2,83358 Object Account Total 2,83358 2,83358 Balance Forward 7,10020 7,10020 543 11-11 Bank Rec JE 450929 12/31/2011 500 AA P 860287 Merchant Bankcard Fee 543 11-11 Bank Rec JE 450929 12/31/2011 23165 AA P 860287 Billing Fee Bank Charges 5438624 Cable Television 5438628 Collection Agency Fee Period Total 23665 23665 Account Total 7,33685 7,33685 Object Account Total 7,33685 7,33685 Balance Forward 2,77560 2,77560 Object Account Total 2,77560 2,77560 5438628 Rental Activity Collection Agency Fee Collection Agency Fee Balance Forward 2,47809 2,47809 JE 451503 12/20/2011 2,58248 AA P 861251 Period Total 2,58248 2,58248 Account Total 5,06057 5,06057

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 55 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Object Account Total 5,06057 5,06057 5438630 Bad Debt-Recovery Balance Forward 2,02058-2,02058- Object Account Total 2,02058-2,02058-5438636 Computer Service Fees Ops Technology, Inc OPSTECH 11/1/11-11/30/11 Ops Technology, Inc OPS INV PROC FEES 10/2011 Balance Forward 8,10634 8,10634 PV 2154467 12/7/2011 42262 AA P 860120 PV 2154467 12/7/2011 25375 AA P 860120 5438636 Computer Service Fees 5438640 Courier & Postage Period Total 67637 67637 Account Total 8,78271 8,78271 Object Account Total 8,78271 8,78271 SARES-REGIS Group FEDEX 543 OCT 2011 Federal Express 1 Box to Wells Law Group Federal Express 1 Box to Joanie at Bardeen Federal Express 1 /box to Capri Capital Federal Express 1 Box to Marriott Execustay Federal Express 1 Box to Mike Heiken at Bardee Federal Express 1 Box to Westage Apartments Purchase Power Postage Balance Forward 2,25136 2,25136 PV 2157580 12/31/2011 1237 AA P 860590 PV 2156807 12/13/2011 1775 AA P 860490 PV 2156807 12/13/2011 2512 AA P 860490 PV 2156808 12/13/2011 5811 AA P 860490 PV 2156809 12/13/2011 2090 AA P 860490 PV 2156810 12/13/2011 1775 AA P 860490 PV 2156811 12/13/2011 2349 AA P 860490 PV 2155472 12/12/2011 33761 5438640 Courier & Postage 5438644 Credit Checks 5438648 Dues & Subscriptions Period Total 51310 51310 Account Total 2,76446 2,76446 Object Account Total 2,76446 2,76446 Balance Forward 3,52960 3,52960 Object Account Total 3,52960 3,52960 Pasadena Chamber of Commerce Balance Forward 5,35628 5,35628 PV 2151484 12/1/2011 47000 AA P 859428

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 56 From Date - 12/1/2011 Thru Date - 12/31/2011 5438648 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 2012 Membership fees Dues & Subscriptions 5438656 Licenses & Permits 5438656 Period Total 47000 47000 Account Total 5,82628 5,82628 Object Account Total 5,82628 5,82628 Balance Forward 31,92827 31,92827 Great American Business Prod PV 2156824 12/13/2011 22400 AA P 860490 Handcuff Tags 543 11-11 Manager's Accruals JE 450506 12/1/2011 97500- AA P 859389 Modern Parkng - 13 Parkers Pasadena, City of PV 2151486 12/1/2011 31260 AA P 859428 Part #2 of Business License Re Licenses & Permits 5438660 Mileage Reimbursement Period Total 53660 97500-43840- Account Total 32,46487 97500-31,48987 Object Account Total 32,46487 97500-31,48987 Diaz, Tomi MILEAGE 12-13-11 Balance Forward 70306 70306 PV 2157581 12/31/2011 17716 AA P 860594 5438660 Mileage Reimbursement 5438668 Office Equipment Rental 5438672 Office Supplies Period Total 17716 17716 Account Total 88022 88022 Object Account Total 88022 88022 Balance Forward 1,10819 1,10819 Object Account Total 1,10819 1,10819 Staples Advantage ADJUSTMENT Staples Advantage Printing Calculator Staples Advantage Legal Size Folders - Red Staples Advantage HP 74/75 Combo Pack Staples Advantage Legal Size Folders Staples Advantage Copy Paper Staples Advantage Balance Forward 4,84659 4,84659 PV 2156853 12/13/2011 2494- AA P 860490 PV 2156853 12/13/2011 3695 AA P 860490 PV 2156853 12/13/2011 2923 AA P 860490 PV 2156853 12/13/2011 6523 AA P 860490 PV 2156853 12/13/2011 6523 AA P 860490 PV 2156853 12/13/2011 9350 AA P 860490 PV 2156853 12/13/2011 351 AA P 860490

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 57 From Date - 12/1/2011 Thru Date - 12/31/2011 5438672 Account Description Do G/L Amount P G/L Account Explanation/Remark High Lighters Ty Document Date Co Debit Credit Balance LT C Batch Staples Advantage PV 2156854 12/13/2011 6257 AA P 860490 Legal Size Folders - Green Great American Business Prod PV 2151481 12/1/2011 24872 AA P 859428 Office Supplies Staples Advantage PV 2151502 12/1/2011 30074 AA P 859428 Leasing Office Supplies Office Supplies 5438699 Other 5438710 Interest First Trust Deed Period Total 90568 2494-88074 Account Total 5,75227 2494-5,72733 Object Account Total 5,75227 2494-5,72733 Balance Forward 2,46589 2,46589 Object Account Total 2,46589 2,46589 DB Mortgage Services 12/11 Interest Refund ck28704 Deutsche Bank Interest 11/15/11-12/14/11 Balance Forward 72,35511 72,35511 JE 450768 12/31/2011 9,38470- AA P 859958 PM 2156435 12/31/2011 3,55875 AA P 860427 5438710 Interest First Trust Deed 5438711 Interest Second Trust Deed Period Total 3,55875 9,38470-5,82595- Account Total 75,91386 9,38470-66,52916 Object Account Total 75,91386 9,38470-66,52916 Deutsche Bank LOAN # 000002108 Balance Forward 353,55837 353,55837 PM 2153331 12/31/2011 32,14167 AA P 859759 5438711 Interest Second Trust Deed 5438720 Letter of Credit Fees Period Total 32,14167 32,14167 Account Total 385,70004 385,70004 Object Account Total 385,70004 385,70004 5438720 Deutsche Bank Credit Enhancement FEE Deutsche Bank LIQUIDITY FEE Deutsche Bank SERVICE FEE Letter of Credit Fees Balance Forward 221,00511 221,00511 PM 2156435 12/31/2011 7,80510 AA P 860427 PM 2156435 12/31/2011 4,18130 AA P 860427 PM 2156435 12/31/2011 7,80510 AA P 860427 Period Total 19,79150 19,79150 Account Total 240,79661 240,79661

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 58 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Object Account Total 240,79661 240,79661 5438730 Bond Administration Fees Deutsche Bank REMARKETING FEE Deutsche Bank ISSUER FEE Deutsche Bank TRUSTEE FEE Balance Forward 72,32844 72,32844 PM 2156435 12/31/2011 2,78753 AA P 860427 PM 2156435 12/31/2011 3,48442 AA P 860427 PM 2156435 12/31/2011 20833 AA P 860427 5438730 Bond Administration Fees 5438860 Legal 5438901 Appliances Period Total 6,48028 6,48028 Account Total 78,80872 78,80872 Object Account Total 78,80872 78,80872 Balance Forward 55,38427 55,38427 Object Account Total 55,38427 55,38427 HD Supply Facilities Maintenan GE 27" STACKABLE WASHER/ELEC D General Electric Co 2 laundry units Balance Forward 47,65185 47,65185 PV 2155471 12/12/2011 1,95533 PV 2151472 12/1/2011 1,73783 AA P 859428 5438901 Appliances 5438905 Balconies 5438909 Building Lighting 5438911 Cabinets/Closets 5438917 Countertops 5438919 Doors Period Total 3,69316 3,69316 Account Total 51,34501 51,34501 Object Account Total 51,34501 51,34501 Balance Forward 3,20000 3,20000 Object Account Total 3,20000 3,20000 Balance Forward 3,07534 3,07534 Object Account Total 3,07534 3,07534 Balance Forward 1,00448 1,00448 Object Account Total 1,00448 1,00448 Balance Forward 1,22500 1,22500 Object Account Total 1,22500 1,22500 Balance Forward 5,76349 5,76349

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 59 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Object Account Total 5,76349 5,76349 5438923 Drapery & Blinds 5438925 Electrical 5438927 Elevators & Escalators 5438933 Fire Protection 5438933 Balance Forward 33101 33101 Object Account Total 33101 33101 Balance Forward 1,63500 1,63500 Object Account Total 1,63500 1,63500 Balance Forward 10,92000 10,92000 Object Account Total 10,92000 10,92000 Balance Forward 3,33635 3,33635 Golden State Fire Extinguisher PV 2156855 12/13/2011 75000 AA P 860490 annual fire extinguisher servi HD Supply Facilities Maintenan PV 2156858 12/13/2011 1,16409 AA P 860490 GENTEX 24V SMOKE ALARM W/RELAY HD Supply Facilities Maintenan PV 2155466 12/12/2011 58505 GENTEX 24V SMOKE ALARM W/RELAY HD Supply Facilities Maintenan PV 2155467 12/12/2011 57551 GENTEX 24V SMOKE ALARM W/RELAY Fire Safety First PV 2151490 12/1/2011 82500 AA P 859428 Replacement of pull station Fire Protection 5438935 Floor Coverings 5438939 HVAC Period Total 3,89965 3,89965 Account Total 7,23600 7,23600 Object Account Total 7,23600 7,23600 Balance Forward 88,38979 88,38979 Object Account Total 88,38979 88,38979 Balance Forward 64,74479 64,74479 12/11 HVAC Reclass JE 451793 12/31/2011 2,20000- AA P 861717 6-403 R410A Hvac Conversion 12/11 HVAC Reclass JE 451793 12/31/2011 1,80000- AA P 861717 7-211 R410A HVAC Conversion 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000- AA P 861717 6-305 Installed new 3 ton heat 12/11 HVAC Reclass JE 451793 12/31/2011 2,62400- AA P 861717 PV2062002 Summit Air Cond 12/11 HVAC Reclass JE 451793 12/31/2011 2,00000- AA P 861717 3-102 installed new air handle

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 60 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000- AA P 861717 7-405 replace 2 ton condensor 12/11 HVAC Reclass JE 451793 12/31/2011 1,75000- AA P 861717 4-103 replace 1 1/2 ton fan co 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000- AA P 861717 4-408 replace 2 ton condensor 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000- AA P 861717 1-113 replace heat pump conden 12/11 HVAC Reclass JE 451793 12/31/2011 2,40000- AA P 861717 9-202 replace 3 ton HP 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000- AA P 861717 1-405 replace/install 25 ton 12/11 HVAC Reclass JE 451793 12/31/2011 3,00000- AA P 861717 PV207012 Summit Air Cond 12/11 HVAC Reclass JE 451793 12/31/2011 1,84000- AA P 861717 2-301 replace 205 ton fan coi 12/11 HVAC Reclass JE 451793 12/31/2011 87780- AA P 861717 goodman 20 heat pump 12/11 HVAC Reclass JE 451793 12/31/2011 8559- AA P 861717 TAX 12/11 HVAC Reclass JE 451793 12/31/2011 83980- AA P 861717 goodman 15 ton heat pump 12/11 HVAC Reclass JE 451793 12/31/2011 8188- AA P 861717 TAX 12/11 HVAC Reclass JE 451793 12/31/2011 1,12500- AA P 861717 4-311 replace 2 ton condensor 12/11 HVAC Reclass JE 451793 12/31/2011 1,15000- AA P 861717 8-401 replcae condensor 12/11 HVAC Reclass JE 451793 12/31/2011 1,80000- AA P 861717 4-202 replace 2 ton gan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,10000- AA P 861717 4-132 replace condensing unit 12/11 HVAC Reclass JE 451793 12/31/2011 1,80000- AA P 861717 replace 2f fan coil labor 12/11 HVAC Reclass JE 451793 12/31/2011 91328- AA P 861717 15 Ton Condensing Unit- Goodm 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000- AA P 861717 replace 2/12 ton fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000- AA P 861717 replacement of 25t condensing 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000- AA P 861717 05-406 12/11 HVAC Reclass JE 451793 12/31/2011 1,10000- AA P 861717 04-402 condensor 12/11 HVAC Reclass JE 451793 12/31/2011 1,07858- AA P 861717 PV2127083 HD Supply

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 61 From Date - 12/1/2011 Thru Date - 12/31/2011 5438939 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 12/11 HVAC Reclass JE 451793 12/31/2011 91328- AA P 861717 GOODMAN 15T DRY22 HEAT PUMP 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000- AA P 861717 replace 2-ton fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,07858- AA P 861717 GOODMAN 25T DRY 22 HEAT PUMP 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000- AA P 861717 replace fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,90000- AA P 861717 replace fan coil 12/11 HVAC Reclass JE 451793 12/31/2011 1,10000- AA P 861717 Repalcement of Condensing Unit 12/11 HVAC Reclass JE 451793 12/31/2011 2,30000- AA P 861717 Replacement of Condensing Unit 12/11 HVAC Reclass JE 451793 12/31/2011 95461- AA P 861717 GOODMAN 20T DRY22 HEAT PUMP HD Supply Facilities Maintenan PV 2156856 12/13/2011 95461 AA P 860490 GOODMAN 20T DRY22 HEAT PUMP Summit Air Conditioning PV 2149406 12/1/2011 1,90000 AA P 859060 replace fan coil Summit Air Conditioning PV 2149407 12/1/2011 66- AA P 859060 ADJUSTMENT Summit Air Conditioning PV 2149407 12/1/2011 92700 AA P 859060 thermostats Summit Air Conditioning PV 2149409 12/1/2011 1,90000 AA P 859060 replace fan coil Summit Air Conditioning PV 2149411 12/1/2011 1,10000 AA P 859060 Replacement of Condensing Unit Summit Air Conditioning PV 2149414 12/1/2011 93686 AA P 859060 Replacement Parts Summit Air Conditioning PV 2149415 12/1/2011 2,30000 AA P 859060 Replacement of Condensing unit HVAC 5438945 Interior Building 5438947 Interior Design 5438949 Keys & Locks Period Total 10,01847 58,81306-48,79459- Account Total 74,76326 58,81306-15,95020 Object Account Total 74,76326 58,81306-15,95020 Balance Forward 4,93158 4,93158 Object Account Total 4,93158 4,93158 Balance Forward 2,98400 2,98400 Object Account Total 2,98400 2,98400

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 62 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch Balance Forward 2,16952 2,16952 Object Account Total 2,16952 2,16952 5438951 Landscaping 5438957 Office Equipment 5438959 Painting-Exterior Balance Forward 14,52885 14,52885 Object Account Total 14,52885 14,52885 Balance Forward 6,29573 6,29573 Object Account Total 6,29573 6,29573 paint all elevator lobbies in Balance Forward 2,91475 2,91475 PV 2156844 12/13/2011 3,62000 AA P 860490 5438959 Painting-Exterior 5438961 Painting-Interior 5438963 Plumbing 5438967 Pools & Fountains 5438969 Privacy Gates 5438977 Roof 5438981 Signs & Flags 5438993 Windows 5438995 Miscellaneous Capital Improvmn Period Total 3,62000 3,62000 Account Total 6,53475 6,53475 Object Account Total 6,53475 6,53475 Balance Forward 7,76162 7,76162 Object Account Total 7,76162 7,76162 Balance Forward 13,38722 13,38722 Object Account Total 13,38722 13,38722 Balance Forward 2,81000 2,81000 Object Account Total 2,81000 2,81000 Balance Forward 10,77860 10,77860 Object Account Total 10,77860 10,77860 Balance Forward 10000 10000 Object Account Total 10000 10000 Balance Forward 63136 63136 Object Account Total 63136 63136 Balance Forward 37125 37125 Object Account Total 37125 37125

R09421 12/30/2011 12:23:30 G/L by Object Account Page - 63 From Date - 12/1/2011 Thru Date - 12/31/2011 Account Description Do G/L Amount P G/L Account Explanation/Remark Ty Document Date Co Debit Credit Balance LT C Batch 5439320 Amortization Expense Balance Forward 42,42571 42,42571 Object Account Total 42,42571 42,42571 Balance Forward 54,84391 54,84391 12/11 Monthly Recurring Entry JE 450955 12/31/2011 2,90100 AA P 860412 BOND COSTS 12/11 Monthly Recurring Entry JE 450955 12/31/2011 1,45400 AA P 860412 BOND COSTS 12/11 Monthly Recurring Entry JE 450955 12/31/2011 63081 AA P 860412 AMORT CAP RATE 12/11 Interest Rate Cap Escrow JE 451768 12/31/2011 54 AA P 861689 12/11 Amort Int Rate Cap 5439320 Amortization Expense Period Total 4,98635 4,98635 Account Total 59,83026 59,83026 Object Account Total 59,83026 59,83026 Company Total Posted 136,193,98106-1,184,27771-135,009,70335 Unposted Grand Total Posted 135,009,70335 136,193,98106-1,184,27771- Unposted