Page 64 - Preserve at Tech Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Ruston Properties I, LLC
The Preserve at Tech
13 Month Trend Report
Managed by RISE Residential
As of January 31, 2022

Prior Year Rolling 12
01/31/2021 01/31/2022 12/31/2021 11/30/2021 10/31/2021 09/30/2021 08/31/2021 07/31/2021 06/30/2021 05/31/2021 04/30/2021 03/31/2021 02/28/2021 Month Total
REVENUE

GROSS RENTAL INCOME 0 366,275 360,948 361,254 359,732 361,429 358,680 0 0 0 0 0 0 2,168,318
COST OF LEASING 0 (115,020) (109,488) (115,609) (112,618) (130,485) (183,320) 0 0 0 0 0 0 (766,539)
NET RENTAL INCOME 0 251,255 251,460 245,645 247,114 230,944 175,360 0 0 0 0 0 0 1,401,779
OTHER INCOME 0 22,322 21,598 16,805 40,340 12,809 5,494 0 0 0 0 0 0 119,368

TOTAL INCOME 0 273,577 273,058 262,450 287,454 243,753 180,854 0 0 0 0 0 0 1,521,147
CONTROLLABLE EXPENSES

PAYROLL OFFICE 0 11,202 11,300 13,370 12,133 12,976 13,197 0 0 0 0 0 0 74,179
PAYROLL MAINTENANCE 0 6,922 7,649 7,325 7,985 7,229 611 0 0 0 0 0 0 37,721
PAYROLL RELATED EXPENSES 0 2,944 3,896 4,159 3,899 3,907 2,958 0 0 0 0 0 0 21,763
TOTAL PAYROLL 0 21,068 22,845 24,854 24,017 24,112 16,766 0 0 0 0 0 0 133,663

GENERAL & ADMINISTRATIVE 0 10,385 8,799 8,074 10,122 9,647 10,420 0 0 0 0 0 0 57,447
PROFESSIONAL FEES 0 667 667 696 1,677 667 666 0 0 0 0 0 0 5,040
CONTRACT SERVICES 0 13,348 5,988 21,226 17,290 13,294 4,507 0 0 0 0 0 0 75,653
TURNOVER EXPENSE 0 80 164 762 66 0 4,893 0 0 0 0 0 0 5,965
REPAIRS & MAINTENANCE 0 1,113 1,417 2,696 5,725 343 13,178 0 0 0 0 0 0 24,472
MARKETING & LEASING 0 6,077 12,277 5,437 13,411 5,053 52,150 0 0 0 0 0 0 94,405
UTILITIES 0 16,818 17,864 18,662 19,750 29,028 30,379 0 0 0 0 0 0 132,502
MANAGEMENT FEES 0 9,195 10,711 9,156 8,967 8,374 6,330 0 0 0 0 0 0 52,730
TOTAL CONTROLLABLE EXPENSES 0 78,751 80,732 91,563 101,025 90,518 139,289 0 0 0 0 0 0 581,877

CONTROLLABLE CASH FLOW 0 194,826 192,326 170,887 186,429 153,236 41,565 0 0 0 0 0 0 939,270
TAXES & INSURANCE 0 26,065 (42,708) 25,990 25,990 21,401 20,772 0 0 0 0 0 0 77,512

NET OPERATING INCOME 0 168,761 235,034 144,897 160,439 131,835 20,793 0 0 0 0 0 0 861,758
CASH FLOW BEFORE DEBT SERVICE 0 168,761 235,034 144,897 160,439 131,835 20,793 0 0 0 0 0 0 861,758

DEBT SERVICE 0 63,824 61,764 64,294 61,439 0 0 0 0 0 0 0 0 251,320
CASH FLOW AFTER DEBT SERVICE 0 104,937 173,270 80,603 99,000 131,835 20,793 0 0 0 0 0 0 610,438

EXTRAORDINARY EXPENSE 0 0 0 949 0 0 0 0 0 0 0 0 0 948
CAPITAL EXPENDITURES 0 0 0 0 0 3,963 0 0 1,032 0 0 0 0 4,995

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