Jan 12	Feb 12	Mar 12	Apr 12	May 12	Jun 12	Jul 12	Aug 12	Sep 12	Oct 12	Nov 12	Dec 12	Ttl 12
Gross Incomehide
201 Office (10000 sf)	38.6%	39.3%	39.3%	39.3%	39.3%	39.3%	39.3%	39.3%	39.3%	39.3%	39.2%	39.2%	39.2%
102 Drug Store (7500 sf)	26.3%	26.0%	26.0%	26.0%	26.0%	26.0%	26.0%	26.0%	26.0%	26.0%	25.9%	25.9%	26.0%
103 Beauty Salon (2000 sf)	9.0%	8.9%	8.9%	8.9%	8.9%	8.9%	8.9%	8.9%	8.9%	8.9%	9.2%	9.2%	9.0%
104 Donuts (2000 sf)	9.1%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	9.0%	8.9%	8.9%	9.0%
105 Flowers (1000 sf)	4.4%	4.3%	4.3%	4.3%	4.3%	4.3%	4.3%	4.3%	4.3%	4.3%	4.3%	4.3%	4.3%
Base Rental Revenue	87.3%	87.5%	87.5%	87.5%	87.5%	87.5%	87.5%	87.5%	87.5%	87.5%	87.5%	87.5%	87.5%
Percentage Rent	1.4%	1.4%	1.4%	1.4%	1.4%	1.4%	1.4%	1.4%	1.4%	1.4%	1.3%	1.3%	1.4%
Total Reimbursements	11.3%	11.2%	11.2%	11.2%	11.2%	11.2%	11.2%	11.2%	11.2%	11.2%	11.2%	11.2%	11.2%
Total Gross Income	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Less: Vacancy & Credit Loss
Effective Income	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Less: Expenseshide
Maintenance	3.4%	3.4%	3.4%	3.4%	3.4%	3.4%	3.4%	3.4%	3.4%	3.4%	3.3%	3.3%	3.4%
Insurance	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%
Property Taxes	8.6%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%	8.5%
Security	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%	0.9%
Utilities	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%
Management Fee	4.2%	4.1%	4.1%	4.1%	4.1%	4.1%	4.1%	4.1%	4.1%	4.1%	4.1%	4.1%	4.1%
Total Operating Expenses	19.6%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%
Net Operating Income	80.4%	80.7%	80.7%	80.7%	80.7%	80.7%	80.7%	80.7%	80.7%	80.7%	80.7%	80.7%	80.7%
Less: Debt Servicehide
Loan	60.4%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.5%	59.5%	59.7%
Total Debt Service	60.4%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.7%	59.5%	59.5%	59.7%
Net Operating Cash Flow	20.1%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.2%	21.2%	20.9%
Less: Capital Spendinghide
Market TI's	7.2%	0.6%
Market Commissions	3.4%	0.3%
Total Capital Spending	10.5%	0.9%
Cash Flow Before Tax	9.5%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.0%	21.2%	21.2%	20.1%
Taxable Income and Taxes
(Losses Taken Currently)
Taxable Revenues	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Less: Deducted Expenses	19.6%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%	19.3%
Less: Interest Expense	43.5%	42.9%	42.8%	42.7%	42.6%	42.5%	42.3%	42.2%	42.1%	42.0%	41.8%	41.7%	42.4%
Less: Amortized Points	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%
Less: Depreciation	17.1%	16.9%	16.9%	16.9%	16.9%	16.9%	16.9%	16.9%	16.9%	16.9%	16.8%	16.8%	16.9%
Ordinary Income	19.6%	20.6%	20.7%	20.8%	20.9%	21.0%	21.2%	21.3%	21.4%	21.5%	21.8%	22.0%	21.1%
Taxable Income	19.6%	20.6%	20.7%	20.8%	20.9%	21.0%	21.2%	21.3%	21.4%	21.5%	21.8%	22.0%	21.1%
Taxes Due (- = Savings)	8.1%	8.5%	8.6%	8.6%	8.7%	8.7%	8.8%	8.8%	8.9%	8.9%	9.1%	9.1%	8.7%
Cash Flow After Tax	1.4%	12.4%	12.4%	12.3%	12.3%	12.2%	12.2%	12.1%	12.1%	12.0%	12.1%	12.1%	11.3%