Faber Centre Offering Memorandum_FINAL_singles

FABER CENTRE
FINANCIAL ANALYSIS
CASH FLOW REPORT
4000 Faber (Amounts in USD)
Jan, 2019 through Dec, 2029
For the Years Ending
FORECAST
Year 1
Dec-2019
Year 2
Dec-2020
Year 3
Dec-2021
Year 4
Dec-2022
Y
Dec-
Rental Revenue
Potential Base Rent
Absorption & Turnover Vacancy
Scheduled Base Rent
Total Miscellaneous Rent
CPI Increases
2,706,400 2,757,339 2,818,824 2,887,395 2,93
(63,425) (41,902) (15,588) (63,702) (6
2,642,976 2,715,437 2,803,236 2,823,693 2,86
772 772 772 579
11,505 21,690 32,078 31,651 2
Total Rental Revenue 2,655,253 2,737,899 2,836,086 2,855,923 2,897
Other Tenant Revenue
Total Expense Recoveries 42,419 34,601 40,212 32,595 3
Total Other Tenant Revenue 42,419 34,601 40,212 32,595 32
Total Tenant Revenue 2,697,672 2,772,500 2,876,299 2,888,518 2,930
Potential Gross Revenue 2,697,672 2,772,500 2,876,299 2,888,518 2,930
Vacancy & Credit Loss
Vacancy Allowance
(88,693) (129,093) (129,007) (111,352) (12
Total Vacancy & Credit Loss
(88,693) (129,093) (129,007) (111,352) (12
Effective Gross Revenue 2,608,979 2,643,407 2,747,292 2,777,167 2,805
Operating Expenses
Site General & Administrative 15,049 15,350 15,657 15,970 1
Building Maintenance 86,664 88,397 90,165 91,969 9
Grounds Maintenance 22,879 23,337 23,803 24,279 2
Utilities 174,641 178,899 183,370 185,510 18
Janitorial 87,459 89,208 90,992 92,812 94
Security 468 477 487 497
Real Estate Taxes 302,482 308,532 314,702 320,996 32
Insurance 41,497 42,327 43,173 44,037 4
Property Management Fees 79,658 82,137 85,083 85,678 8
Miscellaneous 20,115 20,696 21,318 21,388 2
Total Operating Expenses 830,911 849,360 868,750 883,136 900
37
Net Operating Income 1,778,068 1,794,047 1,878,542 1,894,031 1,905