EX-99.1 3 dex991.htm PRELIMINARY UNAUDITED FINANCIAL INFORMATION Prepared by R.R. Donnelley Financial -- PRELIMINARY UNAUDITED FINANCIAL INFORMATION
 
Exhibit 99.1
Investment Summary
Dollar amounts in thousands, except cost per unit amounts
       
Operating Communities
   
 
Q1 2002
   
 
Q2 2002
Garden:
              
Communities
   
 
167
   
 
165
Units
   
 
56,189
   
 
55,200
Total Investment
   
$
4,872,162
   
$
4,852,490
Cost per Unit
   
$
86,710
   
$
87,907
High-Rise:
              
Communities
   
 
48
   
 
50
Units
   
 
21,265
   
 
22,000
Total Investment
   
$
3,206,168
   
$
3,486,645
Cost per Unit
   
$
150,772
   
$
158,484
Total Portfolio:
              
Communities
   
 
215
   
 
215
Units
   
 
77,454
   
 
77,200
Total Investment
   
$
8,078,330
   
$
8,339,135
Cost per Unit
   
$
104,298
   
$
108,020
 
                      
Total Portfolio Capital Expenditures—Cost per Unit
   
 
Q1 2002
   
 
Q2 2002
   
 
YTD 2002
Acquisition Expenditures
   
$
49
   
$
27
   
$
76
Redevelopment Expenditures (1)
   
$
505
   
$
498
   
$
1,003
Recurring Capital Expenditures
   
$
80
   
$
101
   
$
181
Acquisitions
                     
Communities
   
 
2
   
 
2
   
 
4
Units
   
 
242
   
 
712
   
 
954
Total Investment
   
$
33,046
   
$
235,760
   
$
268,806
Cost per Unit
   
$
136,554
   
$
331,124
   
$
281,767
Dispositions
                     
Communities
   
 
2
   
 
4
   
 
6
Units
   
 
360
   
 
1,411
   
 
1,771
Gross Sales Proceeds
   
$
20,200
   
$
119,150
   
$
139,350
Gains
   
$
1,281
   
$
39,937
   
$
41,218
 
NOTE
 
(1)
Includes major renovations, revenue enchancing and expense reducing expenditures.