EX-99

EX-99 9 d265923dex99.htm EX-99 EX-99

Exhibit 99

Debt Summary Schedule


PROPERTY	LENDER	INTEREST RATE		12/31/11 BALANCE		MATURITY DATE		YEARS TO MATURITY

FIXED RATE SECURED
Multi-Property Notes Pay	Seller Financing		4.000		83,167		02/01/12		0.09
Timbercroft III - 1st	Capmark - HUD		8.000		27,057		02/01/12		0.09
Castle Club Apartments	NorthMarq - Freddie Mac		7.080		6,069,990		05/01/12		0.33
Gateway Village	Prudential - Fannie Mae		6.885		6,223,942		05/01/12		0.33
The New Colonies	Prudential - Fannie Mae		7.110		17,451,759		06/01/12		0.42
Woodholme Manor	Prudential - Fannie Mae		7.165		3,365,969		07/01/12		0.50
Liberty Place	CW Capital - Fannie Mae		5.710		5,717,911		11/01/12		0.84
Hackensack Gardens - 1st	JPMorgan Chase - Fannie Mae		5.260		4,280,050		03/01/13		1.17
Hackensack Gardens - 2nd	JPMorgan Chase - Fannie Mae		5.440		4,185,876		03/01/13		1.17
Barrington Gardens	Wachovia - Freddie Mac		4.960		10,801,536		04/01/13		1.25
Canterbury Apartments - 1st	M&T Realty-Fannie Mae		5.020		26,064,928		05/01/13		1.33
Canterbury Apartments - 2nd	M&T Realty-Fannie Mae		6.460		16,406,720		05/01/13		1.33
Multi-Property	Prudential - Fannie Mae		6.475		100,000,000		08/31/13		1.67
Saddle Brook Apts. - 1st	Wells Fargo - Fannie Mae		5.840		26,649,744		11/01/13		1.84
Saddle Brook Apts. - 2nd	Wells Fargo - Fannie Mae		6.290		3,139,967		11/01/13		1.84
Falkland Chase	Centerline - Fannie Mae		5.480		10,725,772		04/01/14		2.25
The Apts. At Wellington Trace	M&T Realty - Freddie Mac		5.520		23,444,747		04/01/14		2.25
Hawthorne Court	Centerline - Fannie Mae		5.270		33,771,096		07/01/14		2.50
The Greens at Columbia	M&T Realty-Fannie Mae		3.930		9,558,369		08/01/14		2.59
Curren Terrace - 1st	M&T Realty - Freddie Mac		5.360		13,144,502		10/01/14		2.75
Curren Terrace - 2nd	M&T Realty - Freddie Mac		5.090		9,621,479		10/01/14		2.75
Westchester West - 1st	Deutsche Bank - Freddie		6.150		26,469,410		03/01/15		3.17
Westchester West - 2nd	Deutsche Bank - Freddie		6.640		7,371,098		03/01/15		3.17
Stratford Greens	Capital One Bank		5.750		30,432,736		07/01/15		3.50
Sayville Commons	M&T Realty - Freddie Mac		5.000		38,927,336		08/01/15		3.59
Charleston Place	Wells Fargo - Freddie Mac		3.770		32,525,326		09/01/15		3.67
Charleston Place	Wells Fargo - Freddie Mac		3.770		22,446,070		09/02/15		3.67
Charleston Place	Wells Fargo - Freddie Mac		3.770		19,638,960		09/03/15		3.68
Cypress Place Apartments	Prudential - Fannie Mae		6.555		10,067,908		11/01/15		3.84
Golf Club Apartments	Prudential - Fannie Mae		6.380		32,452,713		11/01/15		3.84
Northwood Apartments	M&T Realty - Freddie Mac		5.500		10,379,285		12/01/15		3.92
Cinnamon Run - 1st	M&T Realty - Freddie Mac		5.250		49,177,203		01/01/16		4.01
Cinnamon Run - 2nd	M&T Realty - Freddie Mac		5.550		5,102,305		01/01/16		4.01
Peppertree Farm - 1st	M&T Realty - Freddie Mac		5.250		75,693,401		01/01/16		4.01
Peppertree Farm - 2nd	M&T Realty - Freddie Mac		5.550		1,855,380		01/01/16		4.01
The Hamptons/Vinings at Hamptons	Prudential - Fannie Mae		5.565		49,918,420		02/01/16		4.09
Devonshire - 1st	Wachovia - Fannie Mae		5.600		36,542,442		04/01/16		4.25
Devonshire - 2nd	Wachovia - Fannie Mae		6.235		8,236,315		04/01/16		4.25
Mid-Island	Prudential - Fannie Mae		5.480		19,161,007		04/01/16		4.25
Owings Run 1 & 2	Prudential - Fannie Mae		5.590		41,485,142		04/01/16		4.25
Country Village	Centerline - Fannie Mae		5.520		18,338,260		06/01/16		4.42
Fox Hall Apartments	Columbia Nat’l - Freddie Mac		5.610		47,000,000		06/01/17		5.42
Mill Towne Village	Prudential - Fannie Mae		5.990		24,239,000		09/01/17		5.67
Royal Gardens Apts.	M&T Realty - Freddie Mac		5.830		47,000,000		11/01/17		5.84
Village Square 1, 2 & 3	Prudential - Fannie Mae		5.810		39,285,000		12/01/17		5.92
Chatham Hill	M&T Realty - Freddie Mac		5.590		43,827,203		01/01/18		6.01
William Henry Apartments	PNC - Fannie Mae		4.850		28,268,281		01/01/18		6.01
Seminary Towers Apartments	Prudential - Fannie Mae		5.485		53,515,000		07/01/18		6.50
The Manor (MD)	Prudential - Fannie Mae		4.230		45,871,219		11/01/18		6.84
Bonnie Ridge - 1st	Prudential Life		6.600		10,088,297		12/15/18		6.96
Bonnie Ridge - 2nd	Prudential Life		6.160		17,387,756		12/15/18		6.96
Bonnie Ridge - 3rd	Prudential Life		6.070		24,485,321		12/15/18		6.96
Annapolis Roads	Amerisphere - Fannie Mae		5.120		23,686,942		01/01/19		7.01
Ridgeview at Wakefield Valley	M&T Realty - Freddie Mac		5.750		18,034,774		01/01/19		7.01
The Sycamores	M&T Realty - Freddie Mac		5.710		21,024,858		01/01/19		7.01
Top Field Apartments	M&T Realty - Fannie Mae		4.840		16,403,063		01/01/19		7.01
Westwood Village	M&T Realty - Freddie Mac		5.680		46,066,993		01/01/19		7.01
Timbercroft III - 2nd	M & T Realty - HUD		8.375		2,012,485		06/01/19		7.42
Timbercroft Townhomes 1 - 2nd	M & T Realty - HUD		8.375		1,366,325		06/01/19		7.42
The Brooke at Peachtree	Wells Fargo - Fannie Mae		5.470		12,171,034		07/01/19		7.50
Glen Manor	Prudential - Fannie Mae		5.830		7,823,706		08/01/19		7.59
Ridley Brook	Prudential - Fannie Mae		5.830		12,988,031		08/01/19		7.59
The Courts at Fair Oaks	CW Capital - Freddie Mac CME		4.500		49,126,091		08/01/19		7.59
Southern Meadows	Red Mortgage - Fannie Mae		5.360		40,263,918		10/01/19		7.76
Elmwood Terrace	M & T Realty - Fannie Mae		5.560		26,431,216		11/01/19		7.84
Lakeview	Greystone - Fannie Mae		5.310		8,974,773		12/01/19		7.92


PROPERTY			LENDER	INTEREST RATE		12/31/11 BALANCE		MATURITY DATE		YEARS TO MATURITY
The Landings			Prudential - Fannie Mae		5.600		25,859,290		01/01/20		8.01
East Meadow Apartments			M&T Realty - Freddie Mac		5.400		14,558,424		05/01/20		8.34
Selford Townhomes			M&T Realty - Freddie Mac		5.400		8,801,358		05/01/20		8.34
South Bay Manor			M&T Realty - Freddie Mac		5.400		6,674,363		05/01/20		8.34
Stone Ends Apts.			M&T Realty - Freddie Mac		5.400		24,790,491		05/01/20		8.34
Tamarron Apartments			M&T Realty - Freddie Mac		5.400		14,566,247		05/01/20		8.34
The Manor (VA)			M&T Realty - Freddie Mac		5.400		13,671,442		05/01/20		8.34
Woodmont Village			M&T Realty - Freddie Mac		5.400		9,864,366		05/01/20		8.34
Trexler Park			Greystone - Fannie Mae		4.340		38,068,190		08/01/20		8.59
Arbor Park of Alexandria			Prudential - Fannie Mae		4.350		95,967,695		11/01/20		8.84
New Orleans Park			M & T Realty - Fannie Mae		4.580		23,320,832		11/01/20		8.84
Racquet Club East			PNC - Fannie Mae		4.740		37,314,760		12/01/20		8.93
Heritage Woods Apts			Greystone - Fannie Mae		5.390		14,326,475		01/01/21		9.01
The Meadows at Marlborough			Prudential - Fannie Mae		5.500		20,922,242		01/01/21		9.01
Home Properties of Devon			M & T Realty - Fannie Mae		4.850		60,116,136		08/01/21		9.59
Pleasant View Gardens			Prudential - Fannie Mae		4.510		94,933,329		11/01/21		9.84
Dunfield Townhomes			Midland Loan Services - HUD		5.250		11,461,714		09/01/28		16.68
Highland House			Arbor Comml - Fannie Mae		6.320		5,741,099		01/01/29		17.02
Westwoods			Midland Loan Services - HUD		5.940		3,469,555		06/01/34		22.43

WTD AVG - FIXED SECURED					5.337		2,058,724,591				5.84


VARIABLE RATE SECURED
Virginia Village			Wachovia - Freddie Mac		1.990		29,101,661		07/01/15		3.50
Hill Brook Apts			M&T Realty - Freddie Mac		3.561		12,571,956		09/01/16		4.67
Wayne Village			M&T Realty - Freddie Mac		3.658		25,602,663		09/01/16		4.67
Cider Mill Apts			M&T Realty - Freddie Mac		3.441		61,497,280		01/01/17		5.01
The Heights at Marlborough			PNC Real Estate - Freddie Mac		3.641		23,135,206		01/01/17		5.01
Sherry Lake			M&T Realty - Freddie Mac		3.167		25,507,991		04/01/17		5.25
Falkland Chase			Montgomery Cty HOC-Fannie		1.190		24,695,000		10/01/30		18.76

WTD AVG - VARIABLE SECURED					2.981		202,111,756				6.44


WTD AVG - TOTAL SECURED DEBT					5.126		2,260,836,347				5.89


FIXED RATE UNSECURED
Senior Notes - Series A			Various Investors		4.460		90,000,000		12/19/18		6.97
Senior Notes - Series B			Various Investors		5.000		60,000,000		12/19/21		9.98

VARIABLE RATE UNSECURED
Revolving Line of Credit			M and T Bank et. al.		1.6125		2,500,000		12/08/15		3.94
Bank Term Loan			M and T Bank et. al.		1.6125		250,000,000		12/08/16		4.94


WTD AVG - TOTAL UNSECURED DEBT					2.754		402,500,000				6.14


TOTAL COMBINED DEBT					4.768		2,663,336,347				5.93


% OF PORTFOLIO - FIXED	82.9	%
% OF PORTFOLIO - VARIABLE	17.1	%
WTG AVG - TOTAL FIXED RATE DEBT					5.292						6.00

WTD AVG - TOTAL VARIABLE RATE DEBT					2.221						5.60

DEBT MATURITY SCHEDULE Exclusive of Revolving Line of Credit


YEAR OF MATURITY	FIXED RATE				VARIABLE RATE				TOTAL
	WTD AVG RATE		DEBT		WTD AVG RATE		DEBT		DEBT		% OF TOTAL
2012		6.86		38,939,795		—		—		38,939,795		1.46	%
2013		6.05		191,528,822		—		—		191,528,822		7.20	%
2014		5.22		100,265,964		—		—		100,265,964		3.77	%
2015		5.17		230,710,842		1.99		29,101,661		259,812,503		9.76	%
2016		5.45		305,509,876		1.88		288,174,619		593,684,494		22.31	%
2017		5.78		157,524,000		3.42		110,140,476		267,664,476		10.06	%
2018		5.08		313,443,077		—		—		313,443,077		11.78	%
2019		5.36		286,374,208		—		—		286,374,208		10.76	%
2020		4.83		313,457,458		—		—		313,457,458		11.78	%
2021		4.84		250,298,182						250,298,182		9.41	%
2022 - 2034		5.66		20,672,368		1.19		24,695,000		45,367,368		1.71	%

TOTAL		5.292	$	2,208,724,591		2.224	$	452,111,756	$	2,660,836,347		100.00	%