1
EXHIBIT 99.1
LEXREIT PROPERTIES GROUP
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INDIVIDUAL PROPERTY FINANCIAL INFORMATION (UNAUDITED)
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AS OF DECEMBER 31, 1996
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NOTE: FINANCIAL INFORMATION PRESENTED DOES NOT REFLECT THE ELIMINATION OF
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INTERCOMPANY PROFIT.
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LAUNDRY,
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VENDING
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RENT INTEREST SECURITY & OTHER
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PROP # NAME REVENUE REVENUE DEPOSITS REVENUE VACANCIES BAD DEBTS
==================================================================================================
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PROPERTIES
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1377 APPLE RIDGE I 262,425 487 4,119 3,345 (26,694) (7,994)
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1389 THE WILLOWS I 224,914 3,967 2,753 1,298 (28,334) (3,732)
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1439 MONTROSE SQUARE 575,970 2,711 6,835 (1,237) (85,889) (28,888)
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1672* RIDGEWOOD ELHART 140,280 0 0 6,210 (7,485) (1,886)
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1690 HEATHMOORE I 386,582 2,014 3,206 4,548 (9,737) (3,203)
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1750 CEDARWOOD II 240,426 1,242 3,557 2,514 (16,673) (4,834)
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1786 SPICEWOOD 267,249 149 2,112 3,093 (7,581) (4,605)
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1806 WINTHROP CT II 195,737 415 1,487 2,038 (15,186) (2,500)
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1809 MEADOWOOD II 339,655 4,318 3,612 3,884 (37,520) (6,550)
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1810 ACADIA CT II 548,878 2,395 15,106 7,607 (23,765) (14,513)
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1814 ASHFORD HILL 372,358 1,476 5,255 6,386 (13,412) (18,845)
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1816 CEDARWOOD III 242,823 1,784 3,230 3,561 (19,860) (5,335)
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1822 MARABOU MILLS I 434,537 2,728 2,834 8,832 (32,020) (8,935)
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1824 AMESBURY I 311,770 1,219 1,562 4,489 (31,167) (5,416)
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1833 HAYFIELD PARK 416,692 1,870 4,572 6,609 (20,177) (3,675)
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1838 CEDARGATE II 269,120 107 2,292 2,027 (11,449) (34)
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1839 DARTMOUTH PL II 276,045 2,820 1,794 2,016 (9,319) (1,184)
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1841 WILLOWOOD II 286,099 1,353 3,646 2,649 (27,799) (5,011)
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1843 DOGWOOD GLEN I 427,154 1,561 2,563 5,511 (14,295) (1,567)
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1846 CHERRY GLEN I 345,542 890 (697) 4,592 (21,625) (2,758)
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1863 HUNTER GLEN 334,582 2,932 1,311 3,086 (32,292) (2,277)
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1869 HARVEST GROVE I 351,145 1,372 524 4,760 (16,175) 0
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1871 CLEARWATER 238,751 2,823 1,755 3,088 (8,981) (1,968)
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1877 SHERBROOK 478,893 4,294 3,090 7,219 (8,485) (2,141)
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1880 ARAGON WOODS 343,592 1,016 3,702 3,583 (27,465) (11,903)
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1885 NEWBERRY II 255,375 2,109 241 1,255 (7,433) 0
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1889 APPLEGATE II 398,786 2,152 3,301 2,053 (19,763) (1,823)
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1895 ROSEWOOD COMMONS II 373,503 4,333 (853) 5,879 (26,754) (2,627)
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1898 RIDGEWOOD II 442,942 5,708 2,770 2,950 (21,590) (3,319)
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1908 CHERRY GLENN II 343,392 1,785 80 4,832 (18,087) (3,487)
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1909 LINDENDALE 365,755 1,115 617 5,861 (19,488) (2,743)
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1914 WOODLANDS II 348,577 1,568 1,903 2,703 (16,547) (4,205)
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1917 WILLOWOOD II 278,453 2,121 2,568 1,213 (5,619) (228)
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2
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LEXREIT PROPERTIES GROUP
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INDIVIDUAL PROPERTY FINANCIAL INFORMATION (UNAUDITED)
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AS OF DECEMBER 31, 1996
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NOTE: FINANCIAL INFORMATION PRESENTED DOES NOT REFLECT THE ELIMINATION OF
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INTERCOMPANY PROFIT.
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LAUNDRY,
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VENDING
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RENT INTEREST SECURITY & OTHER
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PROP # NAME REVENUE REVENUE DEPOSITS REVENUE VACANCIES BAD DEBTS
==================================================================================================
1935 RED DEER II 322,774 2,492 2,013 1,922 (2,311) (97)
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1936 SUFFOLK GROVE II 273,950 1,911 1,455 1,752 (6,621) (2,128)
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1937 THE WILLOWS III 211,380 1,564 4,090 4,158 (11,426) (4,819)
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1966 RIVER GLEN II 273,618 933 2,367 3,299 (29,866) (5,393)
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1982 MARABOU MILLS III 310,494 478 1,427 3,081 (21,455) (1,640)
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1986 GARDEN CT 561,254 1,397 2,657 4,885 (14,753) (2,646)
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2137 WINDWOOD I 291,076 2,075 1,263 6,352 (46,853) (9,210)
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2208 GARDEN TERRACE I 258,524 3,863 1,735 4,354 (24,952) (6,282)
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2455 THYMEWOOD II 493,949 2,487 2,907 12,461 (26,924) (11,760)
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2469 BEL AIRE II 314,980 897 5,585 8,119 (17,364) (4,186)
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2512 SKY PINES II 263,836 1,066 3,378 4,242 (18,715) (16,881)
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2515 HIDDEN ACRES 454,719 2,007 5,735 5,664 (18,496) (12,177)
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2519 CENTRE LAKE III 1,418,593 11,644 9,496 84,811 (85,753) (87,996)
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2526 HOLLY SANDS II 264,588 2,095 2,676 4,588 (6,273) (419)
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2527 SUNSET WAY I 646,841 1,886 6,326 17,942 (58,877) (17,452)
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2543 MIGUEL PL 393,735 5,020 1,517 (3,172) (24,851) (4,244)
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2580 SUNSET WAY II 648,108 2,000 6,256 21,135 (55,142) (24,241)
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2587 OAK GARDENS 650,552 2,993 6,421 10,596 (25,652) (4,597)
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3166 CEDAR HILL 387,139 2,447 3,482 3,314 (11,762) 27
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3171 LAUREL GLEN 448,752 907 4,072 2,610 (2,609) (2,871)
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3173 SPRINGBROOK 428,237 3,163 1,910 5,001 (25,677) (11,193)
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3174 LAKESHORE I 358,878 2,022 6,580 (601) (8,080) (6,293)
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3175 GLENVIEW 371,955 637 1,380 (376) (19,031) (3,037)
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3188 VALLEYBROOK 382,952 2,191 5,225 5,420 (9,627) (2,816)
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3189 WILLOW LAKES 460,480 2,440 2,261 3,476 (22,160) (3,550)
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3190 GLENWOOD VILLAGE 376,829 2,834 2,480 2,246 (8,743) (2,314)
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3208 RAVENWOOD 396,322 980 1,012 2,654 (7,963) (3,026)
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3209 INDIAN LAKE I 1,395,642 15,711 12,922 30,134 (72,172) (18,027)
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3496 MARSHLANDING II 236,044 698 2,614 2,434 (8,449) (2,655)
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3532 KINGS COLONY 457,596 4,403 3,394 5,308 (10,942) (2,029)
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4109 CHERRY TREE 595,795 6,078 4,068 8,361 (40,896) (4,616)
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4133 MERRIFIELD 530,190 3,109 2,693 7,716 (26,715) (5,280)
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5886 PICKERINGTON MEADOWS 309,346 545 2,163 2,689 (25,865) (2,792)
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66 26,307,126 161,805 214,407 405,033 ######### (454,822)
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3
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LEXREIT PROPERTIES GROUP
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INDIVIDUAL PROPERTY FINANCIAL INFORMATION (UNAUDITED)
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AS OF DECEMBER 31, 1996
- --------------------------------------------------------------------------------------------------
NOTE: FINANCIAL INFORMATION PRESENTED DOES NOT REFLECT THE ELIMINATION OF
- --------------------------------------------------------------------------------------------------
INTERCOMPANY PROFIT.
- --------------------------------------------------------------------------------------------------
LAUNDRY,
- --------------------------------------------------------------------------------------------------
VENDING
- --------------------------------------------------------------------------------------------------
RENT INTEREST SECURITY & OTHER
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PROP # NAME REVENUE REVENUE DEPOSITS REVENUE VACANCIES BAD DEBTS
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* Partial year, purchased 8/01/96.
ADDITIONAL PROPERTIES
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1039 LAUREL BAY 392,210 4,189 2,284 9,307 (32,905) (10,758)
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1825 BRADFORD PL 319,609 718 1,332 4,497 (12,198) (441)
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1887 RIVER GLEN I 292,048 2,264 2,955 4,033 (23,142) (2,030)
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2462 FOREST GLEN 340,395 1,934 7,272 5,486 (13,349) (2,064)
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2482 OAKWOOD VILLAGE 313,215 1,485 3,271 677 (32,892) (315)
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3231 WALKER PL 315,621 309 564 8,610 (26,425) (4,181)
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4111 FORSYTHIA CT II 428,187 1,489 1,291 4,483 (23,928) (1,252)
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5903 BRUNSWICK II 400,603 1,424 2,504 (237) (81,949) (4,832)
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5906 AMESBURY II 360,892 2,235 1,372 1,246 (47,008) (5,354)
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5910 MARABOU MILLS II 321,981 5,960 2,862 5,234 (20,574) (8,972)
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5951 HARVEST GROVE II 284,292 1,365 224 1,282 (21,559) (316)
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3,769,052 23,372 25,931 44,618 (335,931) (40,515)
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4
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CONTRACTUAL
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NET OPERATING NET OPERATING MAJOR CAPITAL MORTGAGE
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REVENUES EXPENSES INCOME REPLACEMENT MAINTENANCE EXPENDITURES PRINCIPAL
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235,688 94,839 140,849 14,940 4,165 7,200 1,061,450
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200,867 90,246 110,620 23,726 1,124 14,736 601,932
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469,500 245,572 223,929 30,251 1,021 0 1,759,807
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137,119 67,397 69,722 6,228 2,364 0 1,223,260
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383,410 153,216 230,194 18,194 15,263 0 1,601,847
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226,233 84,133 142,100 14,205 25,345 3,011 1,020,000
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260,418 124,919 135,499 6,368 0 2,927 1,036,385
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181,991 79,768 102,223 7,874 1,108 300 760,000
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307,400 190,728 116,672 21,432 6,243 463 760,434
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535,709 241,539 294,170 25,723 19,493 1,470 1,886,146
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353,217 157,056 196,160 34,117 2,014 2,100 1,606,595
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226,203 85,702 140,501 11,133 6,335 23,740 888,760
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407,975 174,125 233,850 10,429 6,782 4,203 1,468,322
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282,458 126,354 156,104 11,973 0 3,030 1,257,832
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405,892 155,573 250,319 21,986 1,661 10,785 1,615,000
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262,063 93,183 168,880 3,452 968 0 1,032,435
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272,172 108,409 163,762 10,665 4,989 2,970 897,388
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260,936 134,686 126,250 18,140 2,642 0 957,792
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420,926 158,633 262,293 19,002 4,863 21,107 1,792,218
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325,944 148,992 176,952 12,733 21 0 1,396,026
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307,342 148,559 158,783 6,301 6,796 0 1,051,233
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341,626 130,370 211,256 4,021 4,604 0 1,400,534
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235,468 95,955 139,513 9,324 2,277 13,839 1,061,450
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482,870 216,798 266,072 25,309 10,159 8,400 1,397,504
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312,526 142,091 170,435 5,469 7,117 0 1,150,600
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251,547 95,332 156,215 9,169 7,473 0 1,331,331
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384,706 162,232 222,474 8,853 19 10,705 1,265,575
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353,481 151,638 201,843 25,654 1,308 201 1,318,698
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429,461 187,137 242,324 19,033 3,061 0 1,393,574
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328,515 148,141 180,374 15,345 21 1,660 1,143,198
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351,117 127,669 223,447 12,567 1,578 0 1,439,828
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334,000 146,650 187,350 18,579 4,004 (249) 1,189,328
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278,508 102,079 176,429 11,842 0 21,600 1,065,380
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5
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CONTRACTUAL
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NET OPERATING NET OPERATING MAJOR CAPITAL MORTGAGE
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REVENUES EXPENSES INCOME REPLACEMENT MAINTENANCE EXPENDITURES PRINCIPAL
=========================================================================================
326,795 108,284 218,510 17,398 2,527 0 1,261,013
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270,320 96,939 173,380 8,862 2,034 2,085 1,096,137
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204,946 85,006 119,941 10,201 154 6,054 884,000
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244,958 90,507 154,452 4,709 370 0 1,184,132
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292,386 117,816 174,570 6,618 1,767 0 1,205,060
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552,795 217,533 335,262 18,138 2,810 1,856 2,185,573
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244,702 152,918 91,784 28,460 18,722 27,495 606,231
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237,241 123,275 113,966 16,934 13,895 39,180 621,464
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473,120 231,654 241,466 17,146 2,207 0 1,729,672
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308,030 174,917 133,113 5,526 1,393 0 1,198,276
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236,926 119,294 117,632 17,072 7,916 50,450 1,070,741
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437,452 204,853 232,599 22,458 8,014 685 1,686,279
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1,350,795 717,737 633,057 120,911 16,616 6,239 4,952,458
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267,254 111,677 155,577 9,289 4,573 39,715 1,062,500
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596,666 299,029 297,638 24,908 16,968 0 1,685,131
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368,006 163,350 204,656 30,967 11,602 0 1,504,500
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598,117 308,771 289,346 19,566 1,162 0 2,719,585
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640,313 301,595 338,717 19,092 179 484 2,756,106
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384,647 154,275 230,372 16,812 12,044 0 1,487,500
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450,861 171,342 279,519 17,206 13,268 0 1,742,500
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401,440 178,928 222,512 25,239 1,909 32,645 1,742,965
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352,506 179,165 173,341 18,451 16,286 (60) 1,265,576
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351,528 156,617 194,911 9,263 12,399 0 1,734,783
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383,344 107,949 275,395 12,551 8,753 0 1,586,737
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442,949 170,792 272,156 19,214 (144) 0 2,099,515
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373,331 158,263 215,068 18,727 14,793 0 1,534,803
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389,979 159,621 230,358 7,927 508 0 1,718,721
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1,364,210 473,684 890,526 61,268 31,435 4,481 4,711,452
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230,686 107,602 123,084 11,325 7,706 2,778 982,213
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457,730 185,283 272,447 11,009 2,852 0 2,107,287
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568,790 207,635 361,155 25,293 10,126 2,988 2,217,868
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511,713 203,505 308,208 17,164 13,236 2,546 2,127,341
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286,087 123,559 162,528 17,523 1,200 0 1,186,165
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25,147,908 10,933,096 ########## 1,181,269 414,098 373,819 98,486,146
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6
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CONTRACTUAL
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NET OPERATING NET OPERATING MAJOR CAPITAL MORTGAGE
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REVENUES EXPENSES INCOME REPLACEMENT MAINTENANCE EXPENDITURES PRINCIPAL
=========================================================================================
364,327 193,530 170,797 15,125 10,724 0 924,211
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313,517 147,684 165,833 10,319 9,221 0 1,181,417
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276,127 104,038 172,089 11,456 0 0 1,106,752
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339,674 149,312 190,362 17,985 4,322 12,000 1,136,177
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285,441 164,764 120,677 19,817 10,760 0 757,708
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294,497 155,851 138,646 18,243 0 0 1,198,295
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410,270 160,526 249,744 7,235 733 0 2,414,099
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317,512 157,636 159,877 17,348 4,753 0 1,341,640
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313,382 143,037 170,345 20,751 340 4,660 1,331,775
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306,491 128,633 177,858 5,446 3,190 2,233 1,030,710
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265,288 121,055 144,233 11,661 2,910 1,433 1,124,610
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3,486,527 1,626,065 1,860,461 155,387 46,952 20,326 13,547,394
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