1
EXHIBIT 99.5
TABLE VI.
ACQUISITIONS OF PROPERTIES BY PROGRAMS
CAPTEC II
SELLING PRICE
NET OF
CLOSING COSTS
ON GAAP
REAL ADJUSTMENT MORTGAGE ORIGINAL
ESTATE/ DATE DATE CASH BALANCE AT MORTGAGE
CONCEPT EQUIPMENT ACQUIRED SOLD RECEIVED TIME OF SALE TOTAL(3) FINANCING
- -------------------------- ----------- -------- -------- ------------- ------------ ---------- --------
Taco Cabana Restaurant.... Real Estate 5/25/94 1/1/97(2) $ 1,755,000 $1,755,000
3575 West Tropicana
Las Vegas, NV
Kenny Rogers Roasters..... Real Estate 10/7/94 1/1/97(2) $ 580,000 $ 580,000
13606 Bruce B. Downs
Tampa, FL
Checkers Drive-In......... Equipment 9/7/94 1/1/97(2) $ 132,000 $ 132,000
1939 Oscela Pkwy
Kissimmee, FL
Popeyes Restaurant........ Equipment 2/8/95 8/13/96 $ 7,400 $ 7,400
11211 Abercorn St.
Savannah, GA
Schlotzsky's Deli......... Equipment 2/13/95 1/1/97(2) $ 88,000 $ 88,000
2835 N. Memorial Pkwy
Huntsville, AL
Italian Oven.............. Equipment 2/21/95 1/1/97(2) $ 205,000 $ 205,000
Cedar Knoll Galleria
Ashland, KY
LEVERAGE $749,849 $831,000
TOTAL ACQUISITION EXCESS
COST, CAPITAL (DEFICIENCY)
IMPROVEMENT, OPERATING CASH
CLOSING AND RECEIPTS OVER
CONCEPT SOFT COSTS(4) TOTAL CASH EXPENDITURES
- -------------------------- ------------------- ---------- -----------------
Taco Cabana Restaurant.... Purchase: 1,350,000 $1,417,500 $ 337,500
3575 West Tropicana Acq. Fees: 67,500
Las Vegas, NV
Kenny Rogers Roasters..... Purchase: 502,192(1) $ 527,302 $ 52,698
13606 Bruce B. Downs Acq. Fees: 25,110
Tampa, FL
Checkers Drive-In......... Purchase: 142,039 $ 149,139 $ (17,139)
1939 Oscela Pkwy Acq. Fees: 7,100
Kissimmee, FL
Popeyes Restaurant........ Purchase: 74,000 $ 77,700 $ (70,300)
11211 Abercorn St. Acq. Fees: 3,700
Savannah, GA
Schlotzsky's Deli......... Purchase: 103,968 $ 109,158 $ (21,158)
2835 N. Memorial Pkwy Acq. Fees: 5,190
Huntsville, AL
Italian Oven.............. Purchase: 227,065 $ 238,418 $ (33,416)
Cedar Knoll Galleria Acq. Fees: 11,353
Ashland, KY
LEVERAGE
- ---------------
(1) Property purchased through a joint venture. Total purchase price of the
property was $800,000.
(2) The properties were sold to an affiliated party.
(3) The taxable gain will be treated as ordinary income.
(4) Amounts shown do not include pro rata share of original offering costs.
2
CAPTEC III
TOTAL ACQUISITION
COST CAPITAL
ORIGINAL IMPROVEMENT,
REAL ESTATE/ DATE SQUARE MORTGAGE CLOSING AND
CONCEPT EQUIPMENT ACQUIRED FOOTAGE FINANCING SOFT COSTS(1)
- --------------------------------------------- ------------ -------- ------- -------- -------------------
Boston Market................................ Real Estate 1/31/95 3,007 Purchase: 1,000,000
4150 Fayetteville Acq. Fees: 40,000
Raleigh, NC
Red Robin Burger & Spirits................... Equipment 5/10/95 Purchase: 750,000
Emporium Acq. Fees: 30,000
701 E. Harmony Rd.
Kenny Rogers Roasters........................ Equipment 8/15/95 Purchase: 249,187
5390 Hwy #153 Acq. Fees: 9,967
Chatanooga, TN
Applebee's Neighborhood...................... Real Estate 9/13/95 5,580 Purchase: 1,642,460
Grill & Bar Acq. Fees: 65,609
105 Potomac Blvd.
Mt. Vernon, IL
Checker's Drive-In........................... Equipment 9/27/95 Purchase: 200,000
Restaurant Acq. Fees: 8,000
4305 St. Barnabas Rd.
Marlow Hts, MD
Kenny Rogers Roasters........................ Equipment 10/11/95 Purchase: 224,115
1949 E. Camelback Rd. Acq. Fees: 8,965
Phoenix, AZ
Church's Chicken............................. Real Estate 10/23/95 1,850 Purchase: 630,000
1003 Military Drive Acq. Fees: 25,200
San Antonio, TX
Arby's Restaurant............................ Equipment 12/29/95 Purchase: 228,055
912 Maye Blvd. Acq. Fees: 9,122
Greenville, NC
Denny's Restaurant........................... Equipment 12/29/95 Purchase: 272,946
4325 S. Florida Ave. Acq. Fees: 10,918
Lakeland, FL
Checker's Drive-In........................... Equipment 3/11/96 Purchae: 225,000
Restaurant Acq. Fees: 9,000
33225 U.S. Hwy 19 North
Palm Harbor, FL
Denny's Restaurant........................... Equipment 3/29/96 Purchase: 353,647
2380 NW Hwy 19 Acq. Fees: 14,146
Crystal River, FL
EXCESS
(DEFICIENCY)
OPERATING CASH
RECEIPTS OVER
CONCEPT TOTAL CASH EXPENDITURES
- --------------------------------------------- ---------- -----------------
Boston Market................................ $1,040,000
4150 Fayetteville
Raleigh, NC
Red Robin Burger & Spirits................... $ 780,000
Emporium
701 E. Harmony Rd.
Kenny Rogers Roasters........................ $ 259,154
5390 Hwy #153
Chatanooga, TN
Applebee's Neighborhood...................... $1,708,060
Grill & Bar
105 Potomac Blvd.
Mt. Vernon, IL
Checker's Drive-In........................... $ 208,000
Restaurant
4305 St. Barnabas Rd.
Marlow Hts, MD
Kenny Rogers Roasters........................ $ 233,080
1949 E. Camelback Rd.
Phoenix, AZ
Church's Chicken............................. $ 655,200
1003 Military Drive
San Antonio, TX
Arby's Restaurant............................ $ 237,177
912 Maye Blvd.
Greenville, NC
Denny's Restaurant........................... $ 283,864
4325 S. Florida Ave.
Lakeland, FL
Checker's Drive-In........................... $ 234,000
Restaurant
33225 U.S. Hwy 19 North
Palm Harbor, FL
Denny's Restaurant........................... $ 367,793
2380 NW Hwy 19
Crystal River, FL
3
CAPTEC III (CONTINUED)
TOTAL ACQUISITION
COST, CAPITAL
ORIGINAL IMPROVEMENT,
REAL ESTATE/ DATE SQUARE MORTGAGE CLOSING AND
CONCEPT EQUIPMENT ACQUIRED FOOTAGE FINANCING SOFT COSTS(1)
- --------------------------------------------- ------------ -------- ------- -------- -------------------
Red Robin Burger & Spirits................... Real Estate 3/29/96 7,485 Purchase: 2,711,393
Emporium Acq. Fees: 108,456
1701 William D. Tate Ave.
Grapevine, TX
Boston Market................................ Real Estate 6/6/96 3,333 Purchase: 1,143,000
1729 North Olden Ave. Acq. Fees:45,720
Ewing, NJ
12 Denny's Restaurants....................... Equipment 7/15/96 Purchase: 342,783
located in both Washington Acq. Fees: 13,711
and Oregon
Hollywood Video.............................. Real Estate 8/4/96 7,500 Purchase: 1,050,000
3400 West Owen K. Garriott Acq. Fees: 42,000
Enid, OK
Denny's...................................... Real Estate 8/5/96 3,012 Purchase: 983,740
5720 North Hampton Blvd. Acq. Fees: 39,350
Virginia Beach, VA
Golden Corral Restaurant..................... Real Estate 8/6/96 8,825 Purchase: 1,600,000
4532 South Florida Ave. Acq. Fees: 64,000
Lakeland, FL
Boston Market................................ Real Estate 9/26/96 3,320 Purchase: 1,050,000
25941 Pacific Hwy Acq. Fees: 42,000
South Kent, Washington
Jack In The Box.............................. Real Estate 9/27/96 2,860 Purchase: 940,000
320 Grapevine Hwy Acq. Fees: 37,600
Hurst, TX
Black Eyed Pea............................... Real Estate 9/30/96 5,445 Purchase: 1,486,768
1905 Preston Rd. Acq. Fees: 59,470
Plano, TX
Applebee's Neighborhood...................... Equipment 9/11/96 Purchase: 384,201
Grill & Bar Acq. Fee: 15,368
290 W. 1300 South
Orem, Utah
EXCESS
(DEFICIENCY)
OPERATING CASH
RECEIPTS OVER
CONCEPT TOTAL CASH EXPENDITURES
- --------------------------------------------- ---------- -----------------
Red Robin Burger & Spirits................... $2,819,849
Emporium
1701 William D. Tate Ave.
Grapevine, TX
Boston Market................................ $1,188,720
1729 North Olden Ave.
Ewing, NJ
12 Denny's Restaurants....................... $ 356,494
located in both Washington
and Oregon
Hollywood Video.............................. $1,092,000
3400 West Owen K. Garriott
Enid, OK
Denny's...................................... $1,023,090
5720 North Hampton Blvd.
Virginia Beach, VA
Golden Corral Restaurant..................... $1,664,000
4532 South Florida Ave.
Lakeland, FL
Boston Market................................ $1,092,000
25941 Pacific Hwy
South Kent, Washington
Jack In The Box.............................. $ 977,600
320 Grapevine Hwy
Hurst, TX
Black Eyed Pea............................... $1,546,238
1905 Preston Rd.
Plano, TX
Applebee's Neighborhood...................... $ 399,569
Grill & Bar
290 W. 1300 South
Orem, Utah
- ---------------
(1) Amounts shown do not include pro rata share of original offering costs
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TABLE IV.
CAPTEC IV
TOTAL ACQUISITION
COST, CAPITAL
ORIGINAL IMPROVEMENT,
REAL ESTATE/ DATE SQUARE MORTGAGE CLOSING AND
CONCEPT EQUIPMENT ACQUIRED FOOTAGE FINANCING SOFT COSTS(1) TOTAL
- ------------------------------ ------------ -------- ------- ---------- ------------------- ----------
Boston Market
1201 S. Broadway Purchase: 964,000
Rochester, Minnesota Real Estate 3/10/97 3,035 Acq. Fees: 38,560 $1,002,560
Applebee's Neighborhood
Grill & Bar
7045 South 1300 East Purchase: 402,000
Midvale, Utah Equipment 3/31/97 Acq. Fees: 16,080 $ 418,081
Black-Eyed Pea
2905 Preston Road Purchase: 350,000
Plano, Texas Equipment 4/3/97 Acq. Fees: 14,000 $ 364,000
Shells Seafood Restaurant
9965 San Jose Blvd. Purchase: 118,658
Jacksonville, Florida Equipment 5/27/97 Acq. Fees: 4,746 $ 123,404
Shells Seafood Restaurant
1551 3rd Street, SW Purchase: 93,460
Winter Haven, Florida Equipment 5/27/97 Acq. Fees: 3,738 $ 97,198
Golden Corral Restaurant
11801 56th Street North Purchase: 506,198
Temple Terrace, Florida Equipment 6/4/97 Acq. Fees: 20,248 $ 526,446
Arby's
2411 West Court Purchase: 159,471
Pasco, Washington Equipment 6/25/97 Acq. Fees: 6,379 $ 165,850
EXCESS
(DEFICIENCY)
OPERATING CASH
RECEIPTS OVER
CONCEPT CASH EXPENDITURES
- ------------------------------ -----------------
Boston Market
1201 S. Broadway
Rochester, Minnesota
Applebee's Neighborhood
Grill & Bar
7045 South 1300 East
Midvale, Utah
Black-Eyed Pea
2905 Preston Road
Plano, Texas
Shells Seafood Restaurant
9965 San Jose Blvd.
Jacksonville, Florida
Shells Seafood Restaurant
1551 3rd Street, SW
Winter Haven, Florida
Golden Corral Restaurant
11801 56th Street North
Temple Terrace, Florida
Arby's
2411 West Court
Pasco, Washington
(1) Amounts shown do not include pro rata share of original offering costs.