UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
| x | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Quarter Ended March 31, 2016
| ¨ | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission File No. 0-16701
UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
a Michigan Limited Partnership
(Exact name of registrant as specified in its charter)
MICHIGAN (State or other jurisdiction of incorporation or organization) | 38-2702802 (I.R.S. employer identification number) |
280 Daines Street, Birmingham, Michigan 48009
(Address of principal executive offices) (Zip Code)
(248) 645-9220
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(g) of the Act:
units of beneficial assignments of limited partnership interest
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yesx No ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
| Large Accelerated filer¨ | Accelerated filer¨ | Non-accelerated filer¨ | Smaller reporting companyx |
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934). Yes¨ Nox
As of March 31, 2016, the number of units of limited partnership interest of the registrant outstanding was 3,303,387. The Partnership units of interest are not traded in any public market.
UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
INDEX
UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
| ASSETS | | March 31, 2016 | | | December 31, 2015 | |
| | | (Unaudited) | | | | |
| Properties: | | | | | | | | |
| Land | | $ | 3,594,573 | | | $ | 3,594,573 | |
| Buildings And Improvements | | | 16,421,414 | | | | 16,421,414 | |
| Furniture And Equipment | | | 159,658 | | | | 159,658 | |
| Manufactured Homes and Improvements | | | 2,977,998 | | | | 2,902,342 | |
| | | | 23,153,643 | | | | 23,077,987 | |
| | | | | | | | | |
| Less Accumulated Depreciation | | | (15,531,155 | ) | | | (15,351,250 | ) |
| | | | 7,622,488 | | | | 7,726,737 | |
| | | | | | | | | |
| Cash And Cash Equivalents | | | 14,238,432 | | | | 10,789,645 | |
| Unamortized Finance Costs | | | 487,753 | | | | 504,383 | |
| Deferred Home Relocation Costs | | | 12,790 | | | | 54,394 | |
| Other Assets | | | 826,671 | | | | 741,305 | |
| Asset Held for Sale | | | 0 | | | | 2,642,601 | |
| | | | | | | | | |
| Total Assets | | $ | 23,188,134 | | | $ | 22,459,065 | |
| LIABILITIES & PARTNERS' EQUITY | | | March 31, 2016 | | | | December 31, 2015 | |
| | | | (Unaudited) | | | | | |
| | | | | | | | | |
| Accounts Payable | | $ | 74,014 | | | $ | 23,427 | |
| Other Liabilities | | | 336,929 | | | | 282,049 | |
| Notes Payable | | | 18,299,794 | | | | 18,405,210 | |
| Distributions Payable | | | 0 | | | | 3,501,590 | |
| Liabilities of Asset Held for Sale | | | 0 | | | | 2,656,641 | |
| | | | | | | | | |
| Total Liabilities | | | 18,710,737 | | | | 24,868,917 | |
| | | | | | | | | |
| Partners' Equity: | | | | | | | | |
| General Partner | | | 567,113 | | | | 496,919 | |
| Unit Holders | | | 3,910,284 | | | | (2,906,771 | ) |
| | | | | | | | | |
| Total Partners' Equity | | | 4,477,397 | | | | (2,409,852 | ) |
| | | | | | | | | |
| Total Liabilities And Partners' Equity | | $ | 23,188,134 | | | $ | 22,459,065 | |
See Notes to Financial Statements
UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
| STATEMENTS OF OPERATIONS | | THREE MONTHS ENDED | |
| | | March 31, 2016 | | | March 31, 2015 | |
| | | (unaudited) | | | (unaudited) | |
| | | | | | | |
| Income: | | | | | | | | |
| Rental Income | | $ | 1,042,026 | | | $ | 962,831 | |
| Home Sale Income | | | 1,001 | | | | 5 | |
| Other | | | 112,248 | | | | 123,055 | |
| | | | | | | | | |
| Total Income | | $ | 1,155,275 | | | $ | 1,085,891 | |
| | | | | | | | | |
| Operating Expenses: | | | | | | | | |
Administrative Expenses
(Including $59,271 and $57,259, in Property Management
Fees Paid to an Affiliate for the Three Month Period Ended
March 31, 2016 and 2015 Respectively) | | | 756,707 | | | | 378,456 | |
| Property Taxes | | | 72,975 | | | | 72,300 | |
| Utilities | | | 52,945 | | | | 55,586 | |
| Property Operations | | | 218,044 | | | | 114,808 | |
| Depreciation | | | 179,905 | | | | 186,539 | |
| Interest | | | 252,812 | | | | 255,422 | |
| Home Sale Expense | | | 351 | | | | 0 | |
| | | | | | | | | |
| Total Operating Expenses | | $ | 1,533,739 | | | $ | 1,063,111 | |
| | | | | | | | | |
| (Loss) Income from Continuing Operations | | ($ | 378,464 | ) | | $ | 22,780 | |
| | | | | | | | | |
| Income from Discontinued Operations | | $ | 7,397,848 | | | $ | 138,546 | |
| | | | | | | | | |
| Net Income | | $ | 7,019,384 | | | $ | 161,326 | |
| | | | | | | | | |
| (Loss) Income Per Unit: | | | | | | | | |
| Continuing Operations | | | (0.11 | ) | | | 0.01 | |
| Discontinued Operations | | | 2.24 | | | | 0.04 | |
| | | | | | | | | |
| Total Income Per Unit | | | 2.13 | | | | 0.05 | |
| | | | | | | | | |
| Distribution Per Unit: | | | 0.04 | | | | 0.08 | |
| | | | | | | | | |
| Weighted Average Number Of Limited Partnership | | | | | | | | |
| Units Outstanding | | | 3,303,387 | | | | 3,303,387 | |
| STATEMENT OF PARTNERS' EQUITY (Unaudited) | | | | | | | | | |
| | | General Partner | | | Unit Holders | | | Total | |
| | | | | | | | | | |
| Balance, December 31, 2015 | | $ | 496,919 | | | $ | 2,906,771 | | | ($ | 2,409,852 | ) |
| Distributions | | | - | | | | (132,135 | ) | | | (132,135 | ) |
| Net Income | | | 70,194 | | | | 6,949,190 | | | $ | 7,019,384 | |
| | | | | | | | | | | | | |
| Balance as of March 31, 2016 | | $ | 567,113 | | | $ | 3,910,284 | | | $ | 4,477,397 | |
See Notes to Financial Statements
UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
| STATEMENTS OF CASH FLOWS | | | | | | |
| (Unaudited) | | | | | | |
| | | THREE MONTHS ENDED | |
| | | March 31, 2016 | | | March 31, 2015 | |
| | | | | | | |
| Cash Flows From Operating Activities: | | | | | | | | |
| Net Income | | $ | 7,019,384 | | | $ | 161,326 | |
| | | | | | | | | |
| Adjustments To Reconcile Net Income | | | | | | | | |
| To Net Cash Provided By | | | | | | | | |
| Operating Activities: | | | | | | | | |
| Depreciation | | | 179,905 | | | | 367,037 | |
| Amortization of Financing Costs | | | 114,629 | | | | 21,464 | |
| Amortization of Home Relocation Costs | | | 41,604 | | | | 69,050 | |
| Gain on Sale of Discontinued Operations | | | (8,069,909 | ) | | | 0 | |
| Gain on Sale of Manufactured Homes | | | 650 | | | | 5,533 | |
| Increase In Other Assets | | | (85,366 | ) | | | (190,228 | ) |
| Increase In Accounts Payable | | | 50,587 | | | | 71,944 | |
| Increase In Other Liabilities | | | 54,880 | | | | 145,024 | |
| | | | | | | | | |
| Total Adjustments | | | (7,713,020 | ) | | | 489,824 | |
| | | | | | | | | |
| Net Cash (Used In) Provided By Operating Activities | | | (693,636 | ) | | | 651,150 | |
| | | | | | | | | |
| Cash Flows Used In Investing Activities: | | | | | | | | |
| Investment in Manufactured Homes and Improvements | | | (96,080 | ) | | | (273,279 | ) |
| Purchase of Property and Equipment | | | 0 | | | | (19,147 | ) |
| Proceeds from Sale of Discontinued Operations | | | 10,551,474 | | | | 0 | |
| Proceeds from Sale of Manufactured Homes | | | 1,001 | | | | 19,798 | |
| | | | | | | | | |
| Net Cash Used In Investing Activities | | | 10,456,395 | | | | (272,628 | ) |
| | | | | | | | | |
| Cash Flows Used In Financing Activities: | | | | | | | | |
| Distributions To Unit Holders | | | (3,633,725 | ) | | | (264,271 | ) |
| Payments On Notes Payable | | | (2,680,247 | ) | | | (177,308 | ) |
| | | | | | | | | |
| Net Cash Used In Financing Activities | | | (6,313,972 | ) | | | (441,579 | ) |
| | | | | | | | | |
| Increase (Decrease) In Cash | | | 3,448,787 | | | | (63,057 | ) |
| Cash, Beginning | | | 10,789,645 | | | | 7,317,400 | |
| | | | | | | | | |
| Cash, Ending | | $ | 14,238,432 | | | $ | 7,254,343 | |
See Notes to Financial Statements
UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
NOTES TO FINANCIAL STATEMENTS
March 31, 2016 (Unaudited)
| 1. | Basis of Presentation and Accounting Policies: |
The accompanying unaudited 2016 financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The balance sheet at December 31, 2015 has been derived from the audited financial statements at that date. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016, or for any other interim period. For further information, refer to the consolidated financial statements and footnotes thereto included in the Partnership’s Form 10-K for the year ended December 31, 2015.
During the fourth quarter of 2012, Management initiated the Sunshine Village Paid Home Relocation Program (“Program”). The Program was offered exclusively to residents of Seminole Estates, a 704 site, 55 and over manufactured home community in Hollywood, Florida that announced its closure. The Program expired in the first quarter of 2013. By the end of the first quarter of 2014, all 41 residents have successfully relocated. The Partnership has incurred expenditures of $903,232, of which $816,203 has been capitalized and is being amortized as a reduction of rental revenue over the life of the residents’ three year rental period. The Program is completed and Management estimates no additional relocation costs will be incurred. At March 31, 2016, $12,790 remains unamortized.
The carrying amounts of cash, accounts payable and notes payable approximate their fair values due to their short-term nature. The fair value of mortgage notes payable approximates their carrying amounts based on current borrowing rates.
We have evaluated subsequent events through the date of this filing. We do not believe there are any material subsequent events which would require further disclosure.
The Partnership has two mortgage notes payable with Cantor Commercial Real Estate collateralized by Sunshine Village, located in Davie, Florida and West Valley, located in Las Vegas, Nevada. The mortgages are payable in monthly installments of interest and principal through August, 2023. These refinanced notes bear interest at a fixed rate of 5.09% with principal payments based on a twenty-five year amortization period. As of March 31, 2016 the balance on these notes was $18,299,794.
Future maturities on the notes payable for the next five years and thereafter are as follows: 2016 - $319,336; 2017 - $449,922; 2018 - $473,724; 2019 - $498,786; 2020 - $522,749 and thereafter - $16,035,277.
| 3. | Discontinued Operations: |
As described in the Form 8-K dated February 29, 2016, the Partnership closed on the sale of the Ardmor Village for a sale price of $10,587,274 less closing costs resulting in proceeds in the amount of $10,551,474, and the gain on the sale was approximately $8,070,000. The mortgage payable outstanding related to this property in the amount of $2,559,737, accrued interest of $8,742, prepayment penalty of $257,247, offset by a refund of the property tax escrow balance of $50,055 totaled $2,775,722, was paid in full at the time of closing. The Partnership also wrote off $98,000 of unamortized deferred financing costs related to the mortgage note in connection with this transaction. The net cash proceeds resulting from the sale and pay off of the mortgage note were approximately $7,690,000.
As described in the Form 8-K dated August 20, 2015, the Partnership closed on the sale of the three manufactured housing communities located in Michigan, namely Camelot Manor, Dutch Hills and Stonegate with Meritus Communities LLC for a purchase price of $14,200,000, less closing costs resulting in net proceeds in the amount of $13,777,650. The Partnership recognized a gain of $6,022,387. The mortgage obligations related to these properties of $3,052,889 were paid in full at the time of closing with proceeds from the sale. As part of the repayment on the mortgage notes, the Partnership incurred $346,693 in prepayment penalties. The Partnership also wrote off $116,113 of unamortized deferred financing costs related to the mortgage notes in connection with this transaction. The net cash proceeds resulting from the sale and pay off of the mortgage notes were approximately $10,108,000.
As described in the Form 8-K dated September 28, 2015, the Partnership closed on the sale of the El Adobe manufactured housing community located in Las Vegas, Nevada with Lakeshore Communities Inc. for a purchase price of $6,700,000, less closing costs resulting in proceeds in the amount of $6,490,120. The Partnership recognized a gain of $3,915,288. The mortgage obligation related to this property of $3,321,049 was paid in full at the time of closing. As part of the repayment on the mortgage note, the Partnership incurred a prepayment penalty of $370,612. The Partnership also wrote off $126,672 of unamortized deferred financing costs related to the mortgage note in connection with this transaction. The net cash proceeds resulting from the sale and pay off of the mortgage note were approximately $2,458,000.
The property sales of Ardmor Village, Camelot Manor, Dutch Hills, El Adobe and Stonegate, constitute a strategic shift of the Partnership and as a result the associated financial results have been classified as “discontinued operations” in the accompanying financial statements for all historical periods.
The following is a summary of results of operations of the properties classified as discontinued operations for the periods ended March 31, 2016 and 2015: Total Revenue was $170,650 and Total Operating Expenses were $134,096 for the period ended March 31, 2016. For the same period in 2015, Total Revenue was $1,092,919 and Total Operating Expenses were $954,373.
Total Cash Flows Used in Operating Activities of the properties classified as discontinued operations for the period ended March 31, 2016 were $618,698 and Total Cash Flows Provided by Operating Activities of the properties classified as discontinued operations for the period ended March 31, 2015 were $506.960. In addition, Total Cash Flows Provided by Investing Activities of the properties classified as discontinued operations for the period ended March 31, 2016 were $10,552,475 and Total Cash Flows Used in Investing Activities of the properties classified as discontinued operations for the period ended March 31, 2015 were $71,779.
ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTSOF OPERATIONS
Critical Accounting Policies
See Part II, Item 7 – Critical Accounting Policies, our consolidated financial statements and related notes in Part IV, Item 15 of our Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC on March 18, 2016 for accounting policies and related estimates we believe are the most critical to understanding condensed consolidated financial statements, financial conditions and results of operations and which require complex management judgment and assumptions or involve uncertainties. There have been no material changes to the critical accounting policies and estimates previously disclosed in that report.
Liquidity and Capital Resources
Uniprop Manufactured Housing Communities Income Fund II, a Michigan Limited Partnership’s (the “Partnership”) liquidity is based, in part, upon its investment strategy. On February 26, 2016 the sale of Ardmor Village closed as described previously, leaving the Fund with only two properties: Sunshine Village and West Valley.
Management does not believe that it is economically rational to operate a limited partnership that has a class of securities registered under the Securities Exchange Act of 1934 with only two properties. The costs of compliance are simply too high when amortized over only two properties.
As a result, management intends to liquidate Sunshine Village and West Valley, and then dissolve the Fund in accordance with the Partnership Agreement.
The Partnership expects to meet its short-term liquidity needs generally through its working capital and cash provided by operating activities.
On July 18, 2013, the Partnership refinanced its existing mortgage notes payable and executed two new mortgages payable in the amount of $19,320,000 secured by Sunshine Village, located in Davie, FL and West Valley, located in Las Vegas, NV with a new lender, namely Cantor Commercial Real Estate. The mortgage notes are payable in monthly installments of interest and principal through August, 2023. The refinanced notes bear interest at a fixed rate of 5.09% with principal payments based on a twenty-five year amortization period. As of March 31, 2016 the balance on these notes was $18,299,794.
The Partnership incurred $676,321 in financing costs as a result of the 2013 refinancing which is being amortized over the term of the loans. These costs included a 1% fee payable to an affiliate of the General Partner.
The General Partner has decided to distribute $6,144,300, or $1.86 per unit, to the unit holders for the first quarter ended March 31, 2016. The General Partner will continue to monitor cash flow generated by the Partnership’s properties during the coming quarters. If cash flow generated is greater or lesser than the amount needed to maintain the current distribution level, the General Partner may elect to reduce or increase the level of future distributions paid to Unit Holders.
As of March 31, 2016, the Partnership’s cash balance amounted to $14,238,432. The level of cash balance maintained is at the discretion of the General Partner.
Results of Operations
Overall, as illustrated in the following table, the Partnership's two properties reported combined occupancy of 71% at the end of March 2016 and 2015. The average monthly homesite rent as of March 31, 2016 was approximately $682 versus $660 from March 2015 (average rent not a weighted average).
| | | Total | | | Occupied | | | Occupancy | | | Average* | |
| | | Capacity | | | Sites | | | Rate | | | Rent | |
| Sunshine Village | | | 356 | | | | 259 | | | | 72 | % | | | 691 | |
| West Valley | | | 421 | | | | 293 | | | | 69 | % | | | 672 | |
| | | | | | | | | | | | | | | | | |
| Total on 3/31/16: | | | 777 | | | | 552 | | | | 71 | % | | $ | 682 | |
| Total on 3/31/15: | | | 777 | | | | 546 | | | | 71 | % | | $ | 660 | |
*Not a weighted average
| | | Gross Revenue | | | Net Operating (Loss) Income and Net Income | |
| | | 3/31/2016 | | | 3/31/2015 | | | 3/31/2016 | | | 3/31/2015 | |
| | | three months ended | | | three months ended | |
| | | | | | | | | | | | | |
| Sunshine | | | 523,492 | | | | 484,153 | | | | 267,791 | | | | 246,196 | |
| West Valley | | | 625,288 | | | | 596,566 | | | | 408,590 | | | | 394,788 | |
| | | | 1,148,780 | | | | 1,080,719 | | | | 676,381 | | | | 640.984 | |
| Partnership Management | | | 6,495 | | | | 5,172 | | | | (486,582 | ) | | | (144,946 | ) |
| Other Expense | | | ----- | | | | ------- | | | | (135,546 | ) | | | (31,297 | ) |
| | | | | | | | | | | | | | | | | |
| Interest Expense | | | ----- | | | | ------- | | | | (252,812 | ) | | | (255,422 | ) |
| | | | | | | | | | | | | | | | | |
| Depreciation | | | ----- | | | | ------- | | | | (179,905 | ) | | | (186,539 | ) |
| Continuing Operations | | $ | 1,155,275 | | | $ | 1,085,891 | | | ($ | 378,464 | ) | | $ | 22,780 | |
| Discontinued Operations | | $ | 170,650 | | | $ | 1,092,919 | | | $ | 7,397,848 | | | $ | 138,546 | |
| | | | 1,325,925 | | | $ | 2,178,810 | | | $ | 7,019,384 | | | $ | 161,326 | |
Net Operating Income (“NOI”) is a non-GAAP financial measure equal to net income, the most comparable GAAP financial measure, plus depreciation, interest expense, partnership management expense, and other expenses. The Partnership believes that NOI is useful to investors and the Partnership’s management as an indication of the Partnership’s ability to service debt and pay cash distributions. NOI presented by the Partnership may not be comparable to NOI reported by other companies that define NOI differently, and should not be considered as an alternative to net income as an indication of performance or to cash flows as a measure of liquidity or ability to make distributions.
Comparison of Quarter Ended March 31, 2016 to Quarter Ended March 31, 2015
As described in the Statement of Operations, gross revenues from continuing operations increased by $69,384, to $1,155,275, in 2016, from $1,085,891, in 2015. This was mainly due to an increase in rental income due mainly to increases in market rent values from the prior year.
As described in the Statements of Operations, total operating expenses from continuing operations increased $470,628 to $1,533,739 in 2016, as compared to $1,063,111 in 2015. This was mainly due to increased expenses associated with administrative and property operations expenses.
As a result of the aforementioned factors, the Partnership experienced a Net Loss from continuing operations of $378,464 for the first quarter of 2016 compared to Net Income of $22,780 for the first quarter of 2015.
ITEM 3.
QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK
The Partnership is exposed to interest rate rise primarily through its borrowing activities.
There is inherent roll over risk for borrowings as they mature and are renewed at current market rates. The extent of this risk is not quantifiable or predictable because of the variability of future interest rates and the Partnership’s future financing requirements.
Notes Payable: At March 31, 2016 the Partnership had notes payable outstanding in the amount of $18,299,794. Interest on these notes is at a fixed annual rate of 5.09% through August 2023.
The Partnership does not enter into financial instruments transactions for trading or other speculative purposes or to manage its interest rate exposure.
ITEM 4.
CONTROLS AND PROCEDURES
As of the end of the period covered by this report, the Partnership carried out an evaluation, under the supervision and with the participation of the Principal Executive Officer and the Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Exchange Act Rule 13a-15. Based upon, and as of the date of, this evaluation, the Principal Executive Officer and the Principal Financial Officer concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed in the quarterly report is recorded, processed, summarized and reported as and when required.
There was no change in the Partnership’s internal controls over financial reporting that occurred during the most recent completed quarter that has materially affected, or is reasonably likely to materially affect, the Partnership’s internal control over financial reporting.
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
None.
ITEM 1A. RISK FACTORS
In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item IA. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015, which could materially affect our business, financial condition or future results. The risks described in our Annual Report on Form 10-K are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may adversely affect our business, financial condition and/or operating results.
ITEM 6.EXHIBITS
| Exhibit 31.1 | Principal Executive Officer Certification pursuant to Rule 13a-14(a)/15d-14(a) of The Securities and Exchange Act of 1934, as amended |
| | |
| Exhibit 31.2 | Principal Financial Officer Certification pursuant to Rule 13a-14(a)/15d-14(a) of The Securities and Exchange Act of 1934, as amended |
| | |
| Exhibit 32.1 | Certifications pursuant to 18 U.S C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes –Oxley Act of 2002. |
| | |
| 101.1NS | XBRL Instance Document |
| | |
| 101.SCH | XBRL Taxonomy Extension Schema Document |
| | |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document |
| | |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document |
| | |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document |
| | |
| 101.DEF | XBRL Taxonomy Extension Definitions Linkbase Document |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | Uniprop Manufactured Housing Communities |
| | Income Fund II, a Michigan Limited Partnership |
| | |
| | BY: | Genesis Associates Limited Partnership, General Partner |
| | | |
| | | BY: | Uniprop, Inc., |
| | | | Its Managing General Partner |
| | | | | |
| | | | By: | /s/ Roger I. Zlotoff |
| | | | | Roger I. Zlotoff, President |
| | | | | |
| | | | By: | /s/ Susann Kehrig |
| | | | | Susann Kehrig, Principal Financial Officer |
Dated: May 11, 2016
