EXHIBIT 99.2
BAY APARTMENT COMMUNITIES, INC.
San Francisco Bay Area Rental Analysis
PRESENTED TO
Bay Apartment Communities, Inc.
PREPARED BY
Ann Roulac & Company
98 Main Street, Suite 439
Tiburon, CA 94920
June 30, 1996
[ANN ROULAC AND COMPANY LETTERHEAD]
June 30, 1996
Mr. Gilbert M. Meyer
President
Bay Apartment Communities, Inc.
4340 Stevens Creek Blvd., Suite 275
San Jose, CA 95129
Re: San Francisco Bay Area Rental Analysis
Dear Mr. Meyer:
Accompanying this letter is our report on the status of the San Francisco Bay
Area rental market. Our analysis comprised a review of the following factors as
reported by the Bay Area Apartment Market Report for the periods of June and
December of 1994 and 1995 and compiled by RealData, Inc., and re-surveyed and
compiled by Ann Roulac and Company as of June, 1996:
- Analysis of effective rents
- Analysis of historical rent increases
- Analysis of historical vacancy rates
- Analysis of projects in planning
Pursuant to our engagement letter dated June 7, 1996, we selected the counties
of Alameda, San Francisco, San Mateo and Santa Clara for the analysis (the
counties wherein the majority of Bay Apartment Communities, Inc.'s properties
are located). The properties selected, as stated in the methodology sections,
were those of institutional quality as defined herein.
We have relied on current information, including, but not limited to, industry
statistics, relevant market data assembled by us through direct research and
from secondary sources, which we believe are reliable. While we relied on the
data prepared by RealData, Inc., we have not audited this information nor do we
warrant its completeness or accuracy, however, we have no reason to believe that
the information is anything other than complete and accurate.
We appreciate this opportunity to serve Bay Apartment Communities, Inc. Should
you have any questions regarding our analysis and conclusions, we stand ready to
be of further assistance.
Very truly yours,
Ann Roulac and Company
/s/Ann Roulac
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Ann N. Roulac
Bay Apartment Communities, Inc.
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TABLE OF CONTENTS
Research Methodology...........................................................1
Definition of Terms............................................................3
Market Overview................................................................4
Effective Rents................................................................7
Discussion of Historical Rent Increases.......................................10
Discussion of Historical Vacancy Rates........................................14
Planned and Proposed Projects.................................................17
Conclusion....................................................................21
INDEX OF EXHIBITS
Exhibit I .......................Number of Units Constructed by Year and County
Exhibit II ................................List of Apartment Properties Surveyed
Exhibit III ....................Rental Surveys of Institutional Grade Properties
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Ann Roulac and Company
Bay Apartment Communities, Inc.
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RESEARCH METHODOLOGY
The information provided herein is based on Ann Roulac and Company's analysis of
the research compiled by RealData, Inc., the current producer of the Bay Area
Apartment Market Report (BAAMR), a detailed reference guide to the San Francisco
Bay Area apartment market. RealData, Inc. compiles the report semi-annually,
providing current and historic information on apartment market activity in nine
counties and the region as a whole.
The statistics in BAAMR were compiled from over 450 multifamily rental
properties of 100 units or more, with individual property detail provided on
more than 500 properties of 50-plus units within the San Francisco Bay Area.
Facts and figures have been collected through various means, including
interviews with property owners, their managers and staff. The data published
for each property is comprised primarily of original research by Ann Roulac and
Company prior to December, 1993. After that point in time, RealData, Inc.
assumed publication responsibilities. Ann Roulac and Company has no reason to
believe that the RealData, Inc. research is not complete and accurate. Ann
Roulac and Company believes RealData, Inc.'s research methodologies are prudent
and reasonable in all respects.
THE BAY AREA DEFINED
The San Francisco Bay Area region is generally defined as the vicinity
surrounding the San Francisco Bay, which is incorporated into nine contiguous
counties: Marin, Napa, Solano and Sonoma, comprising the North Bay Region;
Alameda and Contra Costa, comprising the East Bay Region; and Santa Clara and
San Mateo, comprising the South Bay Region, with San Francisco in the center.
The major urban centers of the region include San Francisco, Oakland and San
Jose.
ENGAGEMENT FOCUS
The scope of our engagement was to identify the 100 plus investment grade
apartment properties from the BAAMR database of 450 properties for the counties
of Alameda, San Francisco, San Mateo and Santa Clara. The data presented by Ann
Roulac and Company is based on surveys with managers of 100 apartment properties
in the four subject counties. Ann Roulac and Company believes that the
referenced sample size is reasonable and statistically significant.
The apartment properties selected are institutional quality apartment
properties. The properties selected are most comparable to the institutional
quality of the Bay Apartment Communities, Inc. portfolio. The apartment
properties selected are generally newer and built in the last ten years, but
they could also be older properties that are structurally sound
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Ann Roulac and Company
1
Bay Apartment Communities, Inc.
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and well positioned in the applicable Bay Area region. Additionally, the
properties were selected based on their size, year built and proximity to the
Bay Apartment Communities, Inc. portfolio. Additionally, the properties were
selected based on whether they were professionally managed. Thus, some of the
properties in the BAAMR database of 450 properties that were newer than some of
the properties selected for the purposes of this study, were not chosen due to
the lack of professional property management companies.
In the process of reviewing the information which we deemed relevant and
prepared by RealData, Inc., there appeared to be some discrepancies between the
trends reflected in the historical charts and the activity reported by many of
the major owners of institutional apartment properties in the Bay Area regions.
Upon reviewing the properties surveyed in BAAMR, we noted that since the
transfer of the publication from Ann Roulac and Company to RealData, Inc. in
late 1993, the database of properties had been expanded to include older
properties as well as subsidized and low income properties.
Prior to that time, the apartment properties surveyed from 1987 through 1993
were institutional quality properties. The addition of properties whose rents
are in many cases substantially below institutional quality has skewed the
results. The result has been to decrease the actual performance of the database
as a whole. Ann Roulac and Company recalculated the performances of the
institutional apartment segment based on the selected sample of 100
institutional apartment properties from the BAAMR database of 450 apartment
properties.
Information presented on planned and proposed projects was completed by Ann
Roulac and Company based on interviews with local planning departments and
apartment developers.
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Ann Roulac and Company
2
Bay Apartment Communities, Inc.
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DEFINITION OF TERMS
Effective Rent: The average asking street rent less the value of all
concessions, including without limitation, moving
allowances or discounts. Note: Due to extremely tight
market conditions in the Bay Area, as of the writing
of this report, we found rental concessions to be
negligible at this time.
Percent Change: The percent increase or decrease in the rental rate
between the applicable reporting periods.
Vacant Units: The total number of physically unoccupied units in
completed buildings throughout the applicable
apartment complex or Bay Area region.
Vacancy Rate: The percent of physically unoccupied units in
completed buildings throughout the applicable
apartment complex or Bay Area region, calculated by
dividing the vacant units by the total number of units
in the applicable apartment complex or Bay Area
region.
Institutional
Quality/Grade: Professionally managed apartment properties of 100
units or more that are generally newer. However, older
apartment properties that are structurally sound and
well positioned in the applicable Bay Area region are
included as well.
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Ann Roulac and Company
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Bay Apartment Communities, Inc.
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MARKET OVERVIEW
The San Francisco Bay Area is a region of approximately six and a half million
people living in nine different counties. With the advantages of weather and
quality of life, the Bay Area region continues to attract newcomers, unlike
other areas of California, which are generally losing population. High-tech
innovation continues to create new jobs, albeit in slightly different businesses
than the previous defense and computer hardware sectors. A variety of proposals
for redeveloping former military bases may bring new economic opportunity.
According to a 1990 study by the Association of Bay Area Governments (ABAG),
there will be a demand for 645,900 additional housing units to be built by the
year 2005. But less than 6% of the total 4.6 million acres of land in the Bay
Area is currently available for housing development, and ABAG has projected that
under present development constraints, no more than 577,900 units of housing can
be built. That creates a shortfall of 68,000 housing units. The two counties
that will experience the brunt of this shortfall will be Alameda and Santa
Clara.
Closely related to the housing shortfall is the high cost of all forms of
housing. As of March 1996, the Real Estate Research Council of Northern
California reports that the average sales prices of new and existing homes are
as follows:
COUNTY SALES PRICE
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Alameda $221,366
San Francisco $331,619
San Mateo $371,748
Santa Clara $289,388
9-COUNTY BAY AREA $265,890
Home ownership is unaffordable for large numbers of San Francisco Bay Area
residents, as only 20% of the population can afford to buy even a starter home.
The following are highlights from our research of the four Bay Area counties as
of June 1996.
ALAMEDA COUNTY OVERVIEW
- Average rental rates from the survey were $1,019.00 or
$1.19/square foot.
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Bay Apartment Communities, Inc.
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- The highest average rents were in Fremont with an average rent
of $1,150.00 or $1.33/square foot.
- Rent increases for 1995 were 5.26% and were up significantly
during the first half of 1996 increasing 5.93%.
- Fremont experienced the largest rent increases in Alameda
County , which increased 9.79% during the first half of 1996.
- Vacancy rates decreased from 1.44% at year end 1995 to 0.4% as
of June 30, 1996
SAN FRANCISCO COUNTY OVERVIEW
- Average rental rates from the survey were $1,382.00 or
$1.92/square foot.
- Rental increases for 1995 were 8.12% while rents in San
Francisco increased by 11.18% during the first half of 1996.
- Vacancy rates decreased from 2.30% at year end 1995 to 0.58%
as of June 30, 1996.
SAN MATEO COUNTY OVERVIEW
- Average rental rates from the survey were $1,254.00 or
$1.58/square foot.
- The highest average rents were in Redwood Shores with an
average rent of $1,548.00 or $1.78/square foot.
- Rent increases in San Mateo were the largest of the four
counties surveyed at 12.88% for the first half of 1996. This
was more than double the 5.97% increase reported in 1995.
- Vacancy rates as of year end 1995 were 1.04% and had decreased
to 0.32% by June 30, 1996. Vacancy rates reported throughout
all of the cities in San Mateo County were below 1% vacancy as
of June 30, 1996.
SANTA CLARA COUNTY OVERVIEW
- Average rental rates from the survey were $1,321.00 or
$1.55/square foot.
- The highest average rents were reported in Mountain View with
an average rent of $1,395.00 or $1.62/square foot.
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Ann Roulac and Company
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Bay Apartment Communities, Inc.
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- Of the four counties surveyed, Santa Clara reported the
largest rent increases at 16.46% for 1995. Rental increases
through the first half of 1996 were up 12.04%.
- Vacancy rates as of June 30, 1996 remained below 1% and
relatively constant with those reported as of year end 1995.
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Ann Roulac and Company
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Bay Apartment Communities, Inc.
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EFFECTIVE RENTS
STATUS OF EFFECTIVE RENTS
The following table reflects the weighted average effective rents for
institutional grade apartment properties for the four counties surveyed by Ann
Roulac and Company and outlined below. The weighted averages were calculated
based on the total number of units in each county.
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RENTAL RATES AS OF JUNE 1996
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RENT RENT PER SQUARE FOOT
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COUNTY MIN MAX WEIGHTED MIN MAX WEIGHTED
AVG AVG
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Alameda $ 993 $1,044 $1,019 $1.16 $1.22 $1.19
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San Francisco 1,162 1,602 1,382 1.62 2.23 1.92
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San Mateo 1,212 1,295 1,254 1.53 1.64 1.58
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Santa Clara 1,283 1,359 1,321 1.50 1.59 1.55
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WEIGHTED AVERAGE $1,175 $1,322 $1,249 $1.44 $1.62 $1.53
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Bay Apartment Communities, Inc.
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The following table reflects the rental range of the weighted average effective
rents for institutional grade apartment properties for the cities within the
four counties surveyed and outlined below:
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EFFECTIVE RENTS AS OF JUNE 1996
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RENT RENT PER SQUARE FOOT
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COUNTY / CITY / # UNITS MIN MAX WEIGHTED MIN MAX WEIGHTED
AVG AVG
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ALAMEDA COUNTY (7,672) $ 993 $1,044 $1,019 $1.16 $1.22 $1.19
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Dublin (1421) 953 1,028 991 1.08 1.17 1.13
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Fremont (2142) 1,118 1,182 1,150 1.29 1.36 1.33
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Hayward (2023) 882 922 902 1.04 1.08 1.06
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Pleasanton (1804) 1,015 1,049 1,032 1.19 1.23 1.21
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Union City (282) 897 923 910 1.27 1.31 1.29
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SAN FRANCISCO COUNTY (6,563) $1,162 $1,602 $1,382 $1.62 $2.23 $1.92
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San Francisco (6563) 1,162 1,602 1,382 1.62 2.23 1.92
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SAN MATEO COUNTY (4,979) $1,212 $1,295 $1,254 $1.53 $1.64 $1.58
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Daly City (396) 1,106 1,164 1,135 1.54 1.62 1.58
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Foster City (2480) 1,322 1,394 1,358 1.57 1.66 1.62
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Pacifica (360) 906 1,054 980 1.38 1.60 1.49
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Redwood City (452) 1,223 1,296 1,260 1.59 1.68 1.63
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Redwood Shores (185) 1,473 1,623 1,548 1.69 1.86 1.78
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San Bruno (606) 973 1,033 1,003 1.25 1.33 1.29
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San Mateo (500) 1,152 1,274 1,213 1.61 1.78 1.70
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SANTA CLARA COUNTY (12,009) $1,283 $1,359 $1,321 $1.50 $1.59 $1.55
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Campbell (608) 1,283 1,372 1,328 1.44 1.55 1.49
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Mountain View (1190) 1,361 1,428 1,395 1.58 1.66 1.62
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San Jose (4072) 1,204 1,300 1,252 1.38 1.49 1.43
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Santa Clara (3097) 1,336 1,404 1,370 1.61 1.69 1.65
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Sunnyvale (3042) 1,303 1,364 1,334 1.56 1.64 1.60
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TOTAL 31,223
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Ann Roulac and Company
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Bay Apartment Communities, Inc.
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RENTAL RATES
The following table reflects the weighted average effective rents for
institutional grade apartment properties for the cities within the four counties
surveyed and outlined below:
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AVERAGE EFFECTIVE RENTS
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COUNTY / CITY 7/1/94 1/1/95 7/1/95 1/1/96 6/30/96
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ALAMEDA COUNTY $ 904 $ 913 $ 925 $ 962 $1,019
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Dublin 920 925 943 969 991
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Fremont 982 976 993 1,048 1,150
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Hayward 831 855 861 868 902
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Pleasanton 894 909 916 974 1,032
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Union City 810 829 838 868 910
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SAN FRANCISCO COUNTY $1,101 $1,149 $1,160 $1,243 $1,382
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San Francisco 1,101 1,149 1,160 1,243 1,382
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SAN MATEO COUNTY $1,027 $1,047 $1,078 $1,111 $1,254
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Daly City 904 905 895 968 1,135
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Foster City 1,034 1,057 1,091 1,175 1,358
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Pacifica n/a 868 868 879 980
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Redwood City 1,069 1,079 1,126 1,180 1,260
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Redwood Shores 1,255 1,306 1,363 1,363 1,548
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San Bruno n/a 889 904 953 1,003
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San Mateo 960 978 1,003 1,108 1,213
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SANTA CLARA COUNTY $ 986 $1,006 $1,086 $1,179 $1,321
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Campbell 856 869 1,070 1,191 1,328
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Mountain View 1,073 1,083 1,184 1,259 1,395
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San Jose 989 989 1,070 1,156 1,252
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Santa Clara 987 1,014 1,100 1,189 1,370
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Sunnyvale 971 988 1,064 1,168 1,334
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NOTE: Data through 6/30/95 for Pacifica and San Bruno were not used in
calculating the San Mateo County average due to incomplete information.
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Ann Roulac and Company
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Bay Apartment Communities, Inc.
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DISCUSSION OF HISTORICAL RENT INCREASES
HISTORICAL RENT INCREASES FROM THE BAY AREA APARTMENT MARKET REPORT (BAAMR)
The following table summarizes historical rent increases of apartment properties
of 100 units or more in the San Francisco Bay Area reported by RealData, Inc. in
their most recent report dated December 1995.
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RENT INCREASES - BAAMR
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BAY AREA 1988 1989 1990 1991 1992 1993 1994 1995
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Alameda 4.27 5.70 4.25 1.73 1.57 1.80 1.01 2.13
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Contra Costa 3.87 4.04 5.37 2.55 1.38 1.09 -.13 2.70
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Marin 10.28 4.00 6.29 3.72 1.69 -3.32 4.30 0.78
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Napa 1.82 4.82 9.37 3.89 -5.40 .32 .95 0.93
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San Francisco 5.39 4.59 8.40 3.35 -2.01 1.14 1.69 1.62
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San Mateo 2.87 3.77 5.11 3.32 .87 3.19 1.90 5.89
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Santa Clara 3.08 4.81 4.34 3.33 -.69 2.66 .11 9.49
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Solano 4.08 7.28 6.96 4.07 1.56 -.62 .62 0.00
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Sonoma 8.71 7.83 7.43 3.46 1.22 -.60 -1.21 3.08
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Average 4.90 5.20 6.40 3.30 .02 .60 1.03 2.97
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Source: RealData, Inc., December 1995
As previously discussed in the methodology section, the apartment properties
surveyed from 1987 through 1993 were of institutional quality. The addition of
apartment properties whose rents are in many cases substantially below
institutional quality has skewed the results, lowering the performance of the
database as a whole. Therefore, the average rent increases reflected in the
RealData, Inc. report of 1.03% for 1994 and 2.97% for 1995, are not reflective
of the performance of either institutional quality or market rate apartment
properties. Many of the apartment properties added to the database were older or
subsidized lower quality properties, in less desirable locations, with rental
rate restrictions. Rent increases reported by RealData, Inc. per county and unit
type are reflected in Table I.
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Ann Roulac and Company
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TABLE 1: APARTMENT MARKET PERFORMANCE -- BAAMR
AVERAGE UNFURNISHED RENT CHARACTERISTICS BY UNIT TYPE (EXCLUDING UTILITY COSTS)
12/31/94 6/30/95 12/31/95
---------------------- ---------------------- ---------------------- 12/31//94 7/1/95
Avg. Avg. Avg. to to
Avg. -------------- Avg. -------------- Avg. -------------- 6/30/95 12/31/95 Total
County/City Sq.Ft. $Unit $Sq.Ft. Sq.Ft. $Unit $Sq.Ft. Sq.Ft. $Unit $Sq.Ft. % Change % Change % Change
----------- ------ ----- ------- ------ ----- ------- ------ ----- ------- ---------- -------- --------
San Francisco
Bay Area 813 $824 $1.01 812 $833 $1.03 812 $872 $1.07 1.09% 4.68% 5.77%
Studio 484 658 1.36 480 653 1.36 480 684 1.43 -0.76% 4.75% 3.99%
1/1 686 743 1.08 685 754 1.10 685 792 1.15 1.48% 5.04% 6.52%
2/1 868 813 0.94 871 823 0.94 871 856 0.98 1.23% 4.01% 5.24%
2/1+ 994 948 0.95 992 962 0.97 992 1,008 1.02 1.48% 4.78% 6.26%
3/1 1,049 1,131 1.08 1,026 1,018 0.99 1,026 1,032 1.01 -9.99% 1.38% -8.62%
3/1+ 1,205 1,095 0.91 1,194 1,111 0.93 1,194 1,157 0.97 1.46% 4.14% 5.60%
Alameda 822 $803 $0.98 820 $800 $0.98 820 $820 $1.00 -0.37% 2.50% 2.13%
Studio 512 629 1.23 511 625 1.22 511 637 1.25 -0.64% 1.92% 1.28%
1/1 680 715 1.05 677 713 1.05 677 733 1.05 -0.28% 2.81% 2.53%
2/1 863 790 0.91 870 784 0.90 870 801 0.92 -0.76% 2.17% 1.41%
2/1+ 995 927 0.93 999 936 0.94 999 962 0.96 0.97% 2.78% 3.75%
3/1 988 875 0.89 910 760 0.84 910 760 0.84 -13.14% 0.00% -13.14%
3/1+ 1,149 1,020 0.89 1,159 1,012 0.87 1,159 1,024 0.88 -0.78% 1.19% 0.40%
San Francisco 807 $931 $1.15 802 $928 $1.16 802 $946 $1.18 -0.32% 1.94% 1.62%
Studio 496 735 1.48 488 717 1.47 488 748 1.53 -2.45% 4.32% 1.87%
1/1 710 868 1.22 710 871 1.23 710 889 1.25 0.35% 2.07% 2.41%
2/1 935 953 1.02 935 1,009 1.08 935 1,022 1.09 5.88% 1.29% 7.16%
2/1+ 1,058 1,112 1.05 1,058 1,087 1.03 1,058 1,096 1.04 -2.25% 0.83% -1.42%
3/1 1,095 1,300 1.19 1,095 1,425 1.30 1,095 1,450 1.32 9.62% 1.75% 11.37%
3/1+ 1,231 1,220 0.99 1,231 1,238 1.01 1,231 1,255 1.02 1.48% 1.37% 2.85%
San Mateo 757 $864 $1.14 767 $866 $1.13 767 $915 $1.19 0.23% 5.66% 5.89%
Studio 466 632 1.36 473 637 1.35 473 694 1.47 0.79% 8.95% 9.74%
1/1 678 779 1.15 691 787 1.14 691 828 1.20 1.03% 5.21% 6.24%
2/1 850 932 1.10 863 943 1.09 863 1,000 1.16 1.18% 6.04% 7.22%
2/1+ 1,010 1,136 1.12 1,002 1,107 1.10 1,002 1,159 1.16 -2.55% 4.70% 2.14%
3/1 1,009 983 0.97 994 964 0.97 994 1,018 1.02 -1.93% 5.60% 3.67%
3/1+ 1,156 1,081 0.94 1,145 1,095 0.96 1,145 1,165 1.02 1.30% 6.39% 7.69%
Santa Clara 820 $886 $1.08 815 $897 $1.10 815 $971 $1.19 1.24% 8.25% 9.49%
Studio 454 662 1.46 452 657 1.45 452 692 1.53 -0.76% 5.33% 4.57%
1/1 694 797 1.15 691 812 1.18 691 881 1.27 1.88% 8.50% 10.38%
2/1 902 920 1.02 896 900 1.00 896 964 1.08 -2.17% 7.11% 4.94%
2/1+ 997 1,012 1.01 991 1,038 1.05 992 1,128 1.14 2.57% 8.67% 11.24%
3/1 989 912 0.92 1,024 873 0.85 1,024 883 0.86 -4.28% 1.15% -3.13%
3/1+ 1,224 1,192 0.97 1,201 1,206 1.00 1,202 1,289 1.07 1.17% 6.88% 8.06%
Source: RealData, Inc., December 1995
Bay Apartment Communities, Inc.
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RENT INCREASES FOR INSTITUTIONAL APARTMENT PROPERTIES
The following table reflects the rent increases for the 100 institutional grade
apartment properties for the four counties surveyed by Ann Roulac and Company on
both a periodic and annualized basis:
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RENT INCREASES FOR INSTITUTIONAL PROPERTIES
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PERCENT PERCENT PERCENT PERCENT ANNUALIZED ANNUALIZED
CHANGE CHANGE CHANGE CHANGE INCREASE INCREASE INCREASE
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COUNTY / CITY 7/1/94 1/1/95 7/1/95 1/1/96
TO 12/31/94 TO 6/30/95 TO 12/31/95 TO 6/30/96 1994 1995 1996
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Alameda 1.00 1.31 3.95 5.93 2.00 5.26 11.86
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San Francisco 4.36 0.96 7.16 11.18 8.72 8.12 22.37
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San Mateo 1.95 2.96 3.01 12.88 3.90 5.97 25.75
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Santa Clara 2.00 7.90 8.56 12.04 4.00 16.46 24.09
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WEIGHTED AVERAGE 1.81 4.74 6.25 10.49 3.62 10.99 20.99
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Source: Ann Roulac and Company, June 1996
The annualized rental increases were calculated by multiplying the monthly
increase by twelve. The largest average increase occurred during the January
1996 to June 1996 time frame. The rental rate gains through June of 1996 were
most substantial in the county of San Mateo, with an annualized increase of
25.75%, followed by Santa Clara with an annualized increase of 24.09%, San
Francisco with an annualized increase of 22.37%, and Alameda with an annualized
increase of 11.86%.
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Bay Apartment Communities, Inc.
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The following table summarizes the rent increases for the institutional grade
apartment properties surveyed by Ann Roulac and Company for the counties and
cities outlined below:
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RENT INCREASES FOR INSTITUTIONAL PROPERTIES
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PERCENT PERCENT PERCENT PERCENT ANNUALIZED ANNUALIZED
CHANGE CHANGE CHANGE CHANGE INCREASE INCREASE INCREASE
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COUNTY / CITY 7/1/94 1/1/95 7/1/95 1/1/96
TO 12/31/94 TO 6/30/95 TO 12/31/95 TO 6/30/96 1994 1995 1996
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ALAMEDA COUNTY 1.00 1.31 3.95 5.93 2.00 5.26 11.86
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Dublin 0.54 1.95 2.76 2.22 1.08 4.71 4.44
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Fremont -0.61 1.74 5.49 9.79 -1.22 7.23 19.57
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Hayward 2.89 0.70 0.75 3.98 5.78 1.45 7.95
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Pleasanton 1.68 0.77 6.33 5.95 3.36 7.10 11.91
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Union City 2.35 1.09 3.58 4.84 4.70 4.67 9.68
- --------------------------------------------------------------------------------------------------
SAN FRANCISCO 4.36 0.96 7.16 11.18 8.72 8.12 22.37
COUNTY
- --------------------------------------------------------------------------------------------------
San Francisco 4.36 0.96 7.16 11.18 8.72 8.12 22.37
- --------------------------------------------------------------------------------------------------
SAN MATEO COUNTY 1.95 2.96 3.01 12.88 3.90 5.97 25.75
- --------------------------------------------------------------------------------------------------
Daly City 0.11 -1.10 8.16 17.25 0.22 7.06 34.50
- --------------------------------------------------------------------------------------------------
Foster City 2.22 3.22 7.70 15.57 4.44 10.92 31.15
- --------------------------------------------------------------------------------------------------
Pacifica n/a n/a 1.27 11.49 n/a n/a 22.98
- --------------------------------------------------------------------------------------------------
Redwood City 0.94 4.36 4.75 6.78 1.88 9.11 13.57
- --------------------------------------------------------------------------------------------------
Redwood Shores 4.06 4.36 0.00 13.57 8.12 4.36 27.15
- --------------------------------------------------------------------------------------------------
San Bruno n/a 1.69 5.42 5.25 -- 7.11 10.49
- --------------------------------------------------------------------------------------------------
San Mateo 1.88 2.56 10.42 9.53 3.76 12.98 19.05
- --------------------------------------------------------------------------------------------------
SANTA CLARA COUNTY 2.00 7.90 8.56 12.04 4.00 16.46 24.09
- --------------------------------------------------------------------------------------------------
Campbell 2.00 2.20 11.26 11.51 4.00 13.46 23.02
- --------------------------------------------------------------------------------------------------
Mountain View 0.01 9.30 6.29 10.81 0.02 15.59 21.61
- --------------------------------------------------------------------------------------------------
San Jose 0.00 8.10 8.04 8.30 0.00 16.14 16.61
- --------------------------------------------------------------------------------------------------
Santa Clara 2.70 8.60 8.05 15.27 5.40 16.65 30.54
- --------------------------------------------------------------------------------------------------
Sunnyvale 2.80 6.60 9.73 14.22 5.60 16.33 28.44
- --------------------------------------------------------------------------------------------------
Source: Ann Roulac and Company, June 1996
NOTE: The annualized rental increases were calculated by multiplying the monthly
increase by twelve.
- --------------------------------------------------------------------------------
Ann Roulac and Company
13
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
DISCUSSION OF HISTORICAL VACANCY RATES
For purposes of discussion and comparison, the following table outlines the
annual average vacancy rates for the nine Bay Area counties for the database of
450 apartment properties of 100 units or more in size in the San Francisco Bay
Area reported by RealData, Inc. in their December 1995 publication. The
apartment properties surveyed are representative of the market as a whole, and
include both older and newer properties.
- --------------------------------------------------------------------------------
HISTORICAL VACANCY RATES FROM BAAMR
- --------------------------------------------------------------------------------
BAY AREA 1987 1988 1989 1990 1991 1992 1993 1994 1995
- --------------------------------------------------------------------------------
Alameda 3.72 4.08 3.99 3.07 3.68 2.56 5.24 4.84 3.43
- --------------------------------------------------------------------------------
Contra Costa 5.27 4.94 3.31 3.67 3.99 2.72 5.96 5.67 5.07
- --------------------------------------------------------------------------------
Marin 2.35 2.57 2.58 2.38 5.58 3.11 2.64 3.17 3.61
- --------------------------------------------------------------------------------
Napa 2.83 1.90 1.61 1.57 2.46 1.21 3.14 2.85 4.17
- --------------------------------------------------------------------------------
San Francisco 3.39 2.05 4.68 6.16 3.18 3.28 4.86 4.05 3.12
- --------------------------------------------------------------------------------
San Mateo 3.03 2.90 2.57 2.76 3.48 1.58 3.75 3.38 2.83
- --------------------------------------------------------------------------------
Santa Clara 3.61 2.64 2.21 2.56 2.68 3.35 4.94 4.01 2.17
- --------------------------------------------------------------------------------
Solano 7.01 5.46 4.35 2.66 2.75 2.16 4.80 5.13 5.02
- --------------------------------------------------------------------------------
Sonoma 2.84 2.72 1.60 2.16 3.17 4.13 5.35 6.04 4.28
- --------------------------------------------------------------------------------
Weighted Average 3.78 3.51 3.16 3.20 3.33 2.85 4.96 4.69 3.29
- --------------------------------------------------------------------------------
Source: RealData, Inc., December 1995
In order to compare the performance of institutional quality apartment
properties to the market as a whole, we have analyzed the vacancy rates for
institutional grade apartment properties in the four surveyed counties. The
results indicate that the vacancy rates for institutional properties have
decreased by approximately 1.15% in the last several months, and are lower than
the apartment database surveyed by RealData, Inc.
- --------------------------------------------------------------------------------
Ann Roulac and Company
14
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
The following table reflects the vacancy rates for institutional grade apartment
properties for the four counties surveyed by Ann Roulac and Company:
- ----------------------------------------------------------------------------------
VACANCY RATES FOR INSTITUTIONAL PROPERTIES
- ----------------------------------------------------------------------------------
COUNTY 7/1/94 1/1/95 7/1/95 1/1/96 6/30/96
- ----------------------------------------------------------------------------------
Alameda 3.11 3.34 2.49 1.44 0.40
- ----------------------------------------------------------------------------------
San Francisco 3.02 4.13 3.17 2.30 0.58
- ----------------------------------------------------------------------------------
San Mateo 4.62 3.67 2.99 1.04 0.32
- ----------------------------------------------------------------------------------
Santa Clara 4.35 3.80 2.69 0.36 0.42
- ----------------------------------------------------------------------------------
WEIGHTED AVERAGE 3.99 3.66 2.71 1.14 0.43
- ----------------------------------------------------------------------------------
Source: Ann Roulac and Company, June 1996
- --------------------------------------------------------------------------------
Ann Roulac and Company
15
Bay Apartment Communities, Inc.
---------------------------------------------------------------
VACANCY RATES
Apartment vacancy rates for the institutional grade apartment
properties surveyed by Ann Roulac and Company in the cities
within the four surveyed Counties are reflected in the
following table:
--------------------------------------------------------------------------------------------------------------------
VACANCY RATES FOR INSTITUTIONAL PROPERTIES
--------------------------------------------------------------------------------------------------------------------
COUNTY / CITY 7/1/94 1/1/95 7/1/95 1/1/96 6/30/96
--------------------------------------------------------------------------------------------------------------------
ALAMEDA COUNTY 3.11% 3.34% 2.49% 1.44% 0.40%
--------------------------------------------------------------------------------------------------------------------
Dublin 1.79% 1.34% 0.00% 0.35% 0.00%
--------------------------------------------------------------------------------------------------------------------
Fremont 3.40% 5.53% 2.13% 1.98% 0.28%
--------------------------------------------------------------------------------------------------------------------
Hayward 4.28% 3.51% 4.45% 2.13% 1.13%
--------------------------------------------------------------------------------------------------------------------
Pleasanton 2.55% 2.44% 2.58% 1.05% 0.11%
--------------------------------------------------------------------------------------------------------------------
Union City 2.84% 1.42% 3.19% 0.35% 0.00%
--------------------------------------------------------------------------------------------------------------------
SAN FRANCISCO COUNTY 3.02% 4.13% 3.17% 2.30% 0.58%
--------------------------------------------------------------------------------------------------------------------
San Francisco 3.02% 4.13% 3.17% 2.30% 0.58%
--------------------------------------------------------------------------------------------------------------------
SAN MATEO COUNTY 4.62% 3.67% 2.99% 1.04% 0.32%
--------------------------------------------------------------------------------------------------------------------
Daly City 4.04% 8.84% 6.57% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------
Foster City 4.32% 2.57% 2.52% 1.49% 0.28%
--------------------------------------------------------------------------------------------------------------------
Pacifica n/a 1.11% 3.89% 0.00% 0.56%
--------------------------------------------------------------------------------------------------------------------
Redwood City 3.32% 3.98% 3.54% 0.44% 0.44%
--------------------------------------------------------------------------------------------------------------------
Redwood Shores 2.16% 2.70% 2.16% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------
San Bruno n/a 4.29% 3.63% 0.96% 0.29%
--------------------------------------------------------------------------------------------------------------------
San Mateo 8.85% 5.73% 2.60% 1.40% 0.60%
--------------------------------------------------------------------------------------------------------------------
SANTA CLARA COUNTY 4.35% 3.80% 2.69% 0.36% 0.42%
--------------------------------------------------------------------------------------------------------------------
Campbell 2.31% 5.00% 2.69% 0.49% 1.15%
--------------------------------------------------------------------------------------------------------------------
Mountain View 3.77% 3.44% 2.43% 0.00% 0.00%
--------------------------------------------------------------------------------------------------------------------
San Jose 5.52% 4.93% 2.73% 0.56% 0.86%
--------------------------------------------------------------------------------------------------------------------
Santa Clara 3.93% 3.91% 2.71% 0.36% 0.17%
--------------------------------------------------------------------------------------------------------------------
Sunnyvale 3.11% 2.89% 2.73% 0.20% 0.10%
--------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------
Ann Roulac and Company
16
Bay Apartment Communities, Inc.
---------------------------------------------------------------
PLANNED AND PROPOSED PROJECTS
PROJECTS IN PLANNING
Construction activity in the past 15 years follows a pattern
typical of California, with few units built in the early
1980's, a surge starting in the mid-1980's that peaked in
1989, and a marked decline in the 1990's. While apartment
rental markets in the Bay Area experienced over building
during the mid-1980's, building activity has tapered off since
the peak of 1985 and 1986 when the construction of rental
apartment properties were at their highest level.
Exhibit I at the end of this report reflects the following
number of units constructed by county for the six year period
1990 through 1995 reported by RealData , Inc. The number of
units are for 100+ unit projects both market rate and
subsidized.
COUNTY NUMBER OF UNITS
------ ---------------
Alameda 1,508
San Francisco 839
San Mateo 185
Santa Clara 4,948
TOTAL 7,480
ANNUAL AVERAGE 1,247
In the process of our research, we contacted the cities within
the four Bay Area counties to obtain information on apartment
projects that were currently in the planning or construction
stages. This would include all projects that had applied and
received tentative approval from the applicable city planning
department. Additionally, we contacted major development
companies to identify projects that were currently being
processed through planning. Our research revealed that the
majority of all planned development is in Santa Clara County.
Our research indicates that a total of 8,052 units are in
various stages of planning in the market area as follows:
---------------------------------------------------------------
Ann Roulac and Company
17
Bay Apartment Communities, Inc.
---------------------------------------------------------------
COUNTY NUMBER OF PLANNED UNITS
------ -----------------------
Alameda 1,440
San Francisco 302
San Mateo 1,104
Santa Clara 5,206
TOTAL 8,052
ANNUAL AVERAGE 2,684
The annual average number of units that could commence lease
up between June of 1996 through June of 1999 could be as high
as 2,684 units per year. In all likelihood, the actual number
of new apartments will be less, given the current difficulty
of obtaining debt and equity financing for non-REIT owned
development companies.
We have identified projects that are either in the planning
stage or are under construction in the Bay Area region. The
table below describes the location, size, and status of these
projects.
--------------------------------------------------------------------------------------------------------------
PROJECTS IN PLANNING
--------------------------------------------------------------------------------------------------------------
TOTAL
COUNTY/CITY PROJECT/DEVELOPER LOCATION UNITS COMMENTS
--------------------------------------------------------------------------------------------------------------
ALAMEDA
--------------------------------------------------------------------------------------------------------------
Fremont Red Hawk Ranch /M.H. Gardeno and Stevenson 582 (phase I - 303 units fully
Podell Blvds. leased)
phase II - 150 units projected
completion 12/96
phase III - 252 units projected
completion 6/97
phase IV - 180 units
projected completion 3/98
--------------------------------------------------------------------------------------------------------------
Oakland Lincoln Property Jack London Square 250 projected construction start
Company 6/97
--------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------
Ann Roulac and Company
18
Bay Apartment Communities, Inc.
---------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------
Pleasanton Spanish Oaks Hacienda Business Park 462 approved 12/91 - stalled as
Robertson Homes now bankrupt
--------------------------------------------------------------------------------------------------------------
Pleasanton The Promenade/A.F. Case Ave. 146 projected completion 3/97
Evans
--------------------------------------------------------------------------------------------------------------
SUB-TOTAL 1,440
(Alameda)
--------------------------------------------------------------------------------------------------------------
SAN FRANCISCO
--------------------------------------------------------------------------------------------------------------
San Francisco Beale/Reynolds & Brown 300 Beale 60 projected completion 9/96
--------------------------------------------------------------------------------------------------------------
San Francisco Emerald 540 Delancey 242 projected completion 12/97
Fund/Delancey
--------------------------------------------------------------------------------------------------------------
SUB-TOTAL 302
(San Francisco)
--------------------------------------------------------------------------------------------------------------
SAN MATEO
--------------------------------------------------------------------------------------------------------------
Redwood City Thompson Residential El Camino 220 projected construction start
3/97
--------------------------------------------------------------------------------------------------------------
Redwood Shores Lido/M.H. Podell Lido Subdivision 470 projected construction start
3/97
--------------------------------------------------------------------------------------------------------------
San Mateo Bridgepoint/ Sobrato Fashion Island 414 change of use required
projected construction start
3/97
--------------------------------------------------------------------------------------------------------------
SUB-TOTAL 1,104
(San Mateo)
--------------------------------------------------------------------------------------------------------------
SANTA CLARA
--------------------------------------------------------------------------------------------------------------
Cupertino Citation Central Homestead Rd. 204 final plan approved
--------------------------------------------------------------------------------------------------------------
Cupertino Thompson Residential Wolf & Pruneridge 348 projected cnstruction start
3/97
--------------------------------------------------------------------------------------------------------------
Milpitas Bresford Terrace N. Milpitas Blvd. 114 under construction
--------------------------------------------------------------------------------------------------------------
Milpitas McCarthy Ranch McCarthy Ranch 375 unknown
/Fairfield
--------------------------------------------------------------------------------------------------------------
Morgan Hill Sterla Dunne Ave. 76 planned - must begin
construction by 6/96
--------------------------------------------------------------------------------------------------------------
Mountain View Park Place /Prometheus Castro Street 120 projected completion 1997
--------------------------------------------------------------------------------------------------------------
Mountain View The Americano Continental Circle 78 planned
--------------------------------------------------------------------------------------------------------------
Mountain View The Crossings Old Mill Site 120 planned
/Plymouth
--------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------
Ann Roulac and Company
19
Bay Apartment Communities, Inc.
---------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------
San Jose Sienna/Forest City Renaissance Square 606 construction start by 9/96
--------------------------------------------------------------------------------------------------------------
San Jose Willow Lake/Sobrato Ringwood & Murphy 150 projected completion
(Phase II) 3/97
--------------------------------------------------------------------------------------------------------------
San Jose Bay Apartment Capital Expressway 300 projected completion end of
Communities 1996
--------------------------------------------------------------------------------------------------------------
San Jose Villa Tereno/ Sobrato Julian/1st 198 under construction/start
leasing 10/96
--------------------------------------------------------------------------------------------------------------
San Jose Bay Apartment Stevens Creek & 580 510 projected construction start
Communities 3/97
--------------------------------------------------------------------------------------------------------------
San Jose Bay Apartment Fallstaff 250+ projected construction start
Communities 7/97
--------------------------------------------------------------------------------------------------------------
San Jose Perucci/Lincoln Downtown San Jose 220 projected construction start
Property Company 7/97
--------------------------------------------------------------------------------------------------------------
San Jose Almaden Lake/FPI Coleman 250 projected construction start
9/96
--------------------------------------------------------------------------------------------------------------
San Jose Market Gateway/ David Market Street 50 in planning
Neal
--------------------------------------------------------------------------------------------------------------
Santa Clara Bella Vista
Phase III-Nantucket Lickmill Blvd 252 projected completion 1997
Phase IV/Interland Lickmill Blvd 276 projected start 1997
--------------------------------------------------------------------------------------------------------------
Sunnyvale The Mark/ Lawrence & 101 709 projected completion 1997
Bay Apartment
Communities
--------------------------------------------------------------------------------------------------------------
SUB-TOTAL 5,206
(Santa Clara)
--------------------------------------------------------------------------------------------------------------
TOTAL 8,052
--------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------
Ann Roulac and Company
20
Bay Apartment Communities, Inc.
---------------------------------------------------------------
CONCLUSION
OUTLOOK
Over the next several years the outlook for the Bay Area
economy is highly positive. The Bay Area's strong base in
computer and related manufacturing and research and
development, high income levels, and attractiveness as a
residential and business community provide a solid foundation
for future economic growth. The highly educated work force and
the proximity to strong research universities will continue to
encourage the presence of many computer, electronics, and
other high-tech firms.
The Bay Area's difficult regulatory environment and the
limited supply of developable land are expected to continue to
inhibit new residential/apartment construction. These two
aspects should contribute to a continued increase in rental
rates and decrease in vacancy rates. The 1996 Landauer Real
Estate Market Forecast ranked three Bay Area markets (Oakland,
San Jose and San Francisco) as first, fourth, and sixth in a
study that compared 35 apartment markets by examining market
occupancy trends, rental pricing patterns, demand indicators
and construction volumes. Notably, these reflected an
improvement over Landauer's 1995 rankings, which listed
Oakland as fifth and San Jose as sixth in a similar study.
PROJECTED RENT INCREASES
Rent increases have been substantial through June of 1996 due
to continued Bay Area economic recovery as well as limited
rental starts. It is anticipated that construction activities
will increase as reflected and discussed in the previous
Planned and Proposed Project section, and will result in
rental increases in the 5.4% to 13.75% range through 1999.
The projected rental increases reflected above are based on
the fact that the demand for rental units in the market area
will remain constrained within the next two to three years. We
have projected more aggressive rental increases in San Mateo
and Santa Clara Counties due to the following:
- A significantly larger pool of qualified renters
with the ability to pay rent at the high end of
the market
- Close proximity to computer, electronics and
high tech employers.
We have projected more moderate yet still significant
increases in San Francisco County due to the following:
---------------------------------------------------------------
Ann Roulac and Company
21
Bay Apartment Communities, Inc.
---------------------------------------------------------------
- Average rents are the highest rates charged in
the Bay Area on a nominal and per square foot
basis;
- Decreasing gap between rents paid and mortgage
payments for similar type units.
We have projected increased though less aggressive rent growth
in Alameda County for the following reasons:
- Less dynamic income fundamentals and growth than
in neighboring Santa Clara County;
- Recent history of lower rent increases.
The following table displays annualized rent increases for
1996 and projects annual rent increases for the years 1996
through 1999 for institutional grade apartment properties for
the four counties identified below. The 1996 projections are
lower than the annualized 1996 figures, as we are projecting
that rent increases in the second half of 1996 will be
slightly lower than the first half of 1996.
------------------------------------------------------------------------------------------------------
PROJECTED RENT INCREASES
------------------------------------------------------------------------------------------------------
COUNTY ANNUALIZED 1996 1997 1998 1999
1996
-----------------------------------------------------------------------------------------------------
Alameda 11.86% 8.50% 6.50% 5.00% 4.50%
-----------------------------------------------------------------------------------------------------
San Francisco 22.37% 14.50% 8.50% 6.00% 5.00%
-----------------------------------------------------------------------------------------------------
San Mateo 25.75% 16.00% 9.50% 8.00% 6.00%
-----------------------------------------------------------------------------------------------------
Santa Clara 24.09% 16.00% 9.00% 8.00% 6.00%
-----------------------------------------------------------------------------------------------------
AVERAGE 20.99% 13.75% 8.38% 6.75% 5.38%
-----------------------------------------------------------------------------------------------------
Note: The 1996 projections reflect the annualized increase
through June 1996.
PROJECTED VACANCY RATES
The low affordability of single-family housing in the Bay Area
has continued to increase demand for multifamily rental units.
Rental vacancy rates for investment grade apartment properties
have continued to decline while construction has occurred at a
very slow pace. Vacancy rates have decreased in the last
several months, and institutional apartment properties are
experiencing tighter vacancy rates than the older apartment
properties.
---------------------------------------------------------------
Ann Roulac and Company
22
Bay Apartment Communities, Inc.
---------------------------------------------------------------
Fundamental to our vacancy rate projections is the expectation
that new construction will somewhat ease the current low
vacancy rates but we do not anticipate that they will fall
below the 3% to 4% range through 1999.
The following table projects vacancy rates for investment
grade apartment properties for the four counties outlined
below:
-----------------------------------------------------------------------------------------------------------
PROJECTED VACANCY RATES
-----------------------------------------------------------------------------------------------------------
COUNTY 1996 1997 1998 1999
-----------------------------------------------------------------------------------------------------------
Alameda 1.00% 2.00% 3.50% 3.50%
-----------------------------------------------------------------------------------------------------------
San Francisco 1.50% 2.00% 3.00% 3.00%
-----------------------------------------------------------------------------------------------------------
San Mateo 1.00% 2.00% 2.50% 3.00%
-----------------------------------------------------------------------------------------------------------
Santa Clara 1.25% 3.00% 3.25% 3.5%
-----------------------------------------------------------------------------------------------------------
AVERAGE 1.20% 2.25% 3.10% 3.25%
-----------------------------------------------------------------------------------------------------------
Note: 1996 vacancy rates are projected vacancy rates through
12/31/96, per Ann Roulac and Company.
---------------------------------------------------------------
Ann Roulac and Company
23
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
EXHIBIT I
NUMBER OF UNITS CONSTRUCTED BY YEAR AND COUNTY
- --------------------------------------------------------------------------------
Ann Roulac and Company
NUMBER OF UNITS CONSTRUCTED BY YEAR & COUNTY
(100+ UNIT CONVENTIONAL PROJECTS)
Year Contra San San Santa
Built Alameda Costa Marin Napa Francisco Mateo Clara Solano Sonoma Total
- ----- ------- ------ ----- ---- --------- ----- ----- ------ ------ -----
1959* 276 4,392 4,077 244 8,989
1960 478 198 123 883 182 1,864
1961 264 482 746
1962 685 105 769 1,559
1963 202 243 311 756
1964 162 464 576 1,228 120 2,550
1965 1,497 300 284 1,254 1,053 1,592 178 6,158
1966 1,047 723 942 2,712
1967 457 150 230 514 100 1,451
1968 557 588 721 1,276 183 3,325
1969 760 244 2,315 3,319
1970 996 316 1,438 4,206 6,956
1971 1,049 1,790 641 168 1,229 2,835 7,712
1972 1,902 1,792 180 154 2,118 4,238 621 11,005
1973 934 1,531 676 1,452 2,473 118 7,184
1974 1,130 606 189 359 322 2,915 180 640 6,341
1975 1,246 724 117 256 3,005 171 5,519
1976 529 464 1,266 110 120 2,489
1977 1,212 104 864 100 202 2,482
1978 360 568 220 1,206 194 2,548
1979 368 248 540 166 631 180 2,133
1980 886 184 168 104 1,342
1981 433 1,249 252 1,934
1982 290 216 506
1983 400 188 588
1984 279 1,188 224 862 188 822 3,563
1985 4,553 1,496 168 410 736 1,766 1,446 748 11,323
1986 1,903 2,620 304 304 3,609 2,505 1,118 12,363
1987 1,806 4,759 1,194 1,497 1,104 542 10,902
1988 2,640 918 2,074 308 2,668 316 8,924
1989 1,386 868 156 1,433 148 1,110 558 116 5,775
1990 314 728 468 349 185 1,551 300 412 4,307
1991 479 771 207 2,173 100 3,730
1992 308 1,427 108 366 2,209
1993 175 186 216 577
1994 324 324
1995 407 348 168 923
- ----------------------------------------------------------------------------------------------------------------
Contra San San Santa
Alameda Costa Marin Napa Francisco Mateo Clara Solano Sonoma Total
Totals 30,808 25,621 3,376 1,007 14,368 15,820 51,805 8,264 6,218 157,088
* Includes units constructed prior to 1959.
December 1995 Copyright (c) 1991 RealData, Inc. All Rights Reserved.
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
EXHIBIT II
LIST OF APARTMENT PROPERTIES SURVEYED
- --------------------------------------------------------------------------------
Ann Roulac and Company
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
EXHIBIT II
LIST OF APARTMENT PROPERTIES SURVEYED
ALAMEDA COUNTY
Amador Lake Dublin
Alicante Fremont*
Amador Oaks Dublin
Barrington Hills Hayward*
Civic Square Pleasanton
Clarendon Hills Hayward
Cotton Wood Dublin
Creekside Village Fremont
Dublin Meadows Dublin
Hacienda Commons Pleasanton
Hacienda Gardens Pleasanton*
Hampton Place Fremont*
Hillcrest Hayward
Mission Heights Hayward
Mission Wells Fremont
Parkwood Dublin
Pathfinder Village Fremont
Springhouse Pleasanton
Stoneridge Pleasanton
Summerwood Hayward
Sun Pointe Village Fremont
Veranda Union City
Waterford Hayward*
Willow Creek Fremont*
Wimbledon Woods Hayward
*Denotes Bay Apartment Communities properties
- --------------------------------------------------------------------------------
Ann Roulac and Company
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
SAN FRANCISCO COUNTY
2000 Post
Bayside Village
City Heights
Filmore Center
Fox Plaza
Golden Gateway Center
Oakwood
Post Street Towers
Potero Court
RinconTowers
South Beach Marina
St. Francis
Village Square*
* Denotes Bay Apartment Communities properties
- --------------------------------------------------------------------------------
Ann Roulac and Company
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
SAN MATEO COUNTY
Beach Cove Foster City
Creekside San Mateo
Evergreen Ridge San Bruno
The Fairmont Pacifica
Foster's Landing Foster City
Franciscan Foster City
Harbor Cove Foster City
Harborside Redwood City
Indian Creek Redwood Shores
Lakeshore Landing San Mateo
Lands End Pacifica
Lantern Cove Foster City
Redwood Shores Redwood City
Sand Cove Foster City
Schooner Bay Foster City
Seramonte Ridge Daly City
Shadow Cove Foster City
Sky Crest San Bruno
Treetops San Bruno
*Denotes Bay Apartment Communities properties
- --------------------------------------------------------------------------------
Ann Roulac and Company
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
SANTA CLARA COUNTY
Alderwood Santa Clara
Bella Vista Santa Clara
Boardwalk Santa Clara
Bramblewood San Jose
Briarwood Sunnyvale
Bristol Commons Sunnyvale
Brookside Park Mountain Vies
Canyon Creek Campbell*
Cascades Sunnyvale
Cedar Glen Campbell
Colonnade San Jose
Countrybrook San Jose
Elan at River Oaks San Jose
Ellmar Oaks San Jose
Fairway Glen San Jose*
Fountains at River Oaks San Jose
Foxchase San Jose*
Greendale Mountain View
Greentree San Jose
The Grove Sunnyvale
Heatherstone Mountain View
Kensington Place Sunnyvale
Kimberly Woods San Jose
Lincoln Green Sunnyvale
Los Padres Village Santa Clara
Macara Gardents Sunnyvale
Mansion Grove Santa Clara
Marin a Cove Santa Clara
Marina Playa Santa Clara
The Meadows Sunnyvale
Mission Pointe Sunnyvale
Park Central Santa Clara
Park Place Mountain View
Parkside Commons Sunnyvale
The Redwoods San Jose
San Marino San Jose
Shadowbrook Sunnyvale
South Park Mountain View
Summerhill Park Sunnyvale
Timberleaf Santa Clara
Trellis Square Sunnyvale
Villa Mariposa Mountain View*
Willow Lake San Jose
- --------------------------------------------------------------------------------
Ann Roulac and Company
Bay Apartment Communities, Inc.
- --------------------------------------------------------------------------------
EXHIBIT III
RENTAL SURVEYS
- --------------------------------------------------------------------------------
Ann Roulac and Company
ALICANTE
CITY Fremont
# OF UNITS 135
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
42 81 12
DATE OPENED Mar-91
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2 3 5 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
1.48% 2.22% 3.70% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 721 $895 $945 $920 $1.24 $1.31 $1.28
Max n/a n/a n/a n/a n/a n/a n/a
Average 721 $895 $945 $920 $1.24 $1.31 $1.28
2 Bed - Min 1040 $1,065 $1,175 $1,120 $1.02 $1.13 $1.08
Max n/a n/a n/a n/a n/a n/a n/a
Average 1040 $1,065 $1,175 $1,120 $1.02 $1.13 $1.08
3 Bed - Min 1319 $1,495 $1,595 $1,545 $1.13 $1.21 $1.17
Max n/a n/a n/a n/a n/a n/a n/a
Average 1319 $1,495 $1,595 $1,545 $1.13 $1.21 $1.17
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 721 $895 $950 $923 $1.24 $1.32 $1.28 0.27173913
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 721 $895 $950 $923 $1.24 $1.32 $1.28 0.27173913
2 Bed - Min 1040 $1,100 $1,170 $1,135 $1.06 $1.13 $1.09 1.339285714
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1040 $1,100 $1,170 $1,135 $1.06 $1.13 $1.09 1.339285714
3 Bed - Min 1319 $1,395 $1,475 $1,435 $1.06 $1.12 $1.09 -7.1197411
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1319 $1,395 $1,475 $1,435 $1.06 $1.12 $1.09 -7.1197411
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 721 $910 $995 $953 $1.26 $1.38 $1.32 3.25
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 721 $910 $995 $953 $1.26 $1.38 $1.32 3.25
2 Bed - Min 1040 $1,145 $1,210 $1,178 $1.10 $1.16 $1.13 3.74
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1040 $1,145 $1,210 $1,178 $1.10 $1.16 $1.13 3.74
3 Bed - Min 1319 $1,415 $1,510 $1,463 $1.07 $1.14 $1.11 1.92
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1319 $1,415 $1,510 $1,463 $1.07 $1.14 $1.11 1.92
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 721 $925 $995 $960 $1.28 $1.38 $1.33 0.787401575
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 721 $925 $995 $960 $1.28 $1.38 $1.33 0.787401575
2 Bed - Min 1040 $1,165 $1,225 $1,195 $1.12 $1.18 $1.15 1.486199575
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1040 $1,165 $1,225 $1,195 $1.12 $1.18 $1.15 1.486199575
3 Bed - Min 1319 $1,495 $1,595 $1,545 $1.13 $1.21 $1.17 5.641025641
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1319 $1,495 $1,595 $1,545 $1.13 $1.21 $1.17 5.641025641
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
Bed - Min 721 $1,050 $1,100 $1,075 $1.46 $1.53 $1.49 11.98
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 721 $1,050 $1,100 $1,075 $1.46 $1.53 $1.49 11.98
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1040 $1,325 $1,400 $1,363 $1.27 $1.35 $1.31 14.02
3 Bed - Min 1319 $1,750 $1,810 $1,780 $1.33 $1.37 $1.35 15.21
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1319 $1,750 $1,810 $1,780 $1.33 $1.37 $1.35 15.21
AMADOR LAKE
CITY Dublin UNITS VACANT
# OF UNITS 555 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 11 12 3 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
160 395 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Apr-85 1.98% 2.16% 0.54% 0.18% 0.00%
- -----------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 733 $745 $ 790 $ 768 $1.02 $1.08 $1.05 733 $775 $ 810 $ 793 $1.06 $1.11 $1.08 3.2573
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 733 $745 $ 790 $ 768 $1.02 $1.08 $1.05 733 $775 $ 810 $ 793 $1.06 $1.11 $1.08 3.2573
2 Bed - Min 876 $855 $ 890 $ 873 $0.98 $1.02 $1.00 876 $865 $ 890 $ 878 $0.99 $1.02 $1.00 0.5731
Max 988 $985 $1,035 $1,010 $1.00 $1.05 $1.02 988 $975 $1,040 $1,008 $0.99 $1.05 $1.02 -0.248
Average 932 $920 $ 963 $ 941 $0.99 $1.03 $1.01 932 $920 $ 965 $ 943 $0.99 $1.03 $1.01 0.1328
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 733 $790 $ 825 $ 808 $1.08 $1.13 $1.10 1.89 733 $ 810 $ 845 $ 828 $1.11 $1.15 $1.13 2.4768
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 733 $790 $ 825 $ 808 $1.08 $1.13 $1.10 1.89 733 $ 810 $ 845 $ 828 $1.11 $1.15 $1.13 2.4768
2 Bed - Min 876 $880 $ 905 $ 893 $1.00 $1.03 $1.02 1.71 876 $ 910 $ 935 $ 923 $1.04 $1.07 $1.05 3.3613
Max 988 $990 $1,045 $1,018 $1.00 $1.06 $1.03 0.99 988 $1,025 $1,080 $1,053 $1.04 $1.09 $1.07 3.4398
Average 932 $935 $ 975 $ 955 $0.99 $1.05 $1.02 1.33 932 $ 968 $1,008 $ 988 $1.04 $1.08 $1.06 3.4031
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -----------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 733 $815 $ 880 $ 848 $1.11 $1.20 $1.16 2.42
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 733 $815 $ 880 $ 848 $1.11 $1.20 $1.16 2.42
2 Bed - Min 876 $935 $ 995 $ 965 $1.07 $1.14 $1.10 4.61
Max 988 $965 $1,130 $1,048 $0.98 $1.14 $1.06 -0.48
Average 932 $950 $1,063 $1,006 $0.99 $1.14 $1.08 1.90
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
AMADOR OAKS
CITY Dublin UNITS VACANT
# OF UNITS 204 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 15 13 8 2 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
16 72 68 48 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jun-89 7.35% 6.37% 3.92% 0.98% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min 509 $ 725 $ 745 $ 735 $1.42 $1.46 $1.44 509 $ 725 $ 745 $ 735 $1.42 $1.46 $1.44 0
Max 559 $ 735 $ 755 $ 745 $1.31 $1.35 $1.33 559 $ 735 $ 755 $ 745 $1.31 $1.35 $1.33 0
Average 534 $ 730 $ 750 $ 740 $1.37 $1.41 $1.39 534 $ 730 $ 750 $ 740 $1.37 $1.41 $1.39 0
1 Bed - Min 671 $ 820 $ 860 $ 840 $1.22 $1.28 $1.25 671 $ 830 $ 870 $ 850 $1.24 $1.30 $1.27 1.19048
Max 695 $ 840 $ 880 $ 860 $1.21 $1.27 $1.24 695 $ 850 $ 890 $ 870 $1.22 $1.28 $1.25 1.16279
Average 683 $ 830 $ 870 $ 850 $1.22 $1.27 $1.24 683 $ 840 $ 880 $ 860 $1.23 $1.29 $1.26 1.17647
2 Bed - Min 865 $ 925 $ 950 $ 938 $1.07 $1.10 $1.08 865 $ 930 $ 955 $ 943 $1.08 $1.10 $1.09 0.53333
Max 1005 $1,010 $1,060 $1,035 $1.00 $1.05 $1.03 1005 $1,025 $1,075 $1,050 $1.02 $1.07 $1.04 1.44928
Average 935 $ 968 $1,005 $ 986 $1.04 $1.08 $1.06 935 $ 978 $1,015 $ 996 $1.05 $1.09 $1.07 1.01394
3 Bed - Min 1192 $1,225 $1,275 $1,250 $1.03 $1.07 $1.05 1192 $1,245 $1,295 $1,270 $1.04 $1.09 $1.07 1.6
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1192 $1,225 $1,275 $1,250 $1.03 $1.07 $1.05 1192 $1,245 $1,295 $1,270 $1.04 $1.09 $1.07 1.6
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min 509 $ 740 $ 760 $ 750 $1.45 $1.49 $1.47 n/a 509 $ 790 $ 820 $ 805 $1.55 $1.61 $1.58 n/a
Max 559 $ 750 $ 770 $ 760 $1.34 $1.38 $1.36 n/a 559 $ 800 $ 820 $ 810 $1.43 $1.47 $1.45 n/a
Average 534 $ 745 $ 765 $ 755 $1.40 $1.44 $1.42 n/a 534 $ 795 $ 820 $ 808 $1.49 $1.54 $1.52 n/a
1 Bed - Min 671 $ 830 $ 870 $ 850 $1.24 $1.30 $1.27 0.00 671 $ 845 $ 885 $ 865 $1.26 $1.32 $1.29 1.76471
Max 695 $ 850 $ 890 $ 870 $1.22 $1.28 $1.25 n/a 695 $ 865 $ 905 $ 885 $1.24 $1.30 $1.27 n/a
Average 683 $ 840 $ 880 $ 860 $1.23 $1.29 $1.26 0.00 683 $ 855 $ 895 $ 875 $1.25 $1.31 $1.28 1.74419
2 Bed - Min 865 $ 940 $ 965 $ 953 $1.09 $1.12 $1.10 1.06 865 $ 960 $ 985 $ 973 $1.11 $1.14 $1.12 2.09974
Max 1005 $1,035 $1,085 $1,060 $1.03 $1.08 $1.05 n/a 1005 $1,045 $1,095 $1,070 $1.04 $1.09 $1.06 n/a
Average 935 $ 988 $1,025 $1,006 $1.06 $1.10 $1.08 1.00 935 $1,003 $1,040 $1,021 $1.07 $1.11 $1.09 1.49068
3 Bed - Min 1192 $1,260 $1,310 $1,285 $1.06 $1.10 $1.08 1.18 1192 $1,295 $1,345 $1,320 $1.09 $1.13 $1.11 2.72374
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1192 $1,260 $1,310 $1,285 $1.06 $1.10 $1.08 1.18 1192 $1,295 $1,345 $1,320 $1.09 $1.13 $1.11 2.72374
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min 509 $ 790 $ 810 $ 800 $1.55 $1.59 $1.57 n/a
Max 559 $ 800 $ 820 $ 810 $1.43 $1.47 $1.45 n/a
Average 534 $ 795 $ 815 $ 805 $1.49 $1.53 $1.51 n/a
1 Bed - Min 671 $ 845 $ 885 $ 865 $1.26 $1.32 $1.29 0.00
Max 695 $ 865 $ 905 $ 885 $1.24 $1.30 $1.27 n/a
Average 683 $ 855 $ 895 $ 875 $1.25 $1.31 $1.28 0.00
2 Bed - Min 865 $ 985 $1,010 $ 998 $1.14 $1.17 $1.15 2.57
Max 1005 $1,070 $1,120 $1,095 $1.06 $1.11 $1.09 n/a
Average 935 $1,028 $1,065 $1,046 $1.10 $1.14 $1.12 2.45
3 Bed - Min 1192 $1,330 $1,380 $1,355 $1.12 $1.16 $1.14 2.65
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1192 $1,330 $1,380 $1,355 $1.12 $1.16 $1.14 2.65
BARRINGTON HILLS
CITY Hayward UNITS VACANT
# OF UNITS 188 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX n/a 10 8 7 5
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
48 140 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED May-87 n/a 5.32% 4.26% 3.72% 2.66%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a 711 $760 $785 $773 $1.07 $1.10 $1.09
Max n/a n/a n/a n/a n/a n/a n/a 925 $800 $825 $813 $0.86 $0.89 $0.88
Average n/a n/a n/a n/a n/a n/a n/a 818 $780 $805 $793 $0.97 $1.00 $0.98
2 Bed - Min n/a n/a n/a n/a n/a n/a n/a 900 $870 $910 $890 $0.97 $1.01 $0.99
Max n/a n/a n/a n/a n/a n/a n/a 965 $870 $910 $890 $0.90 $0.94 $0.92
Average n/a n/a n/a n/a n/a n/a n/a 932.5 $870 $910 $890 $0.99 $0.98 $0.98
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 711 $785 $800 $793 $1.10 $1.13 $1.11 2.59 711 $800 $815 $808 $1.13 $1.15 $1.14 1.8927
Max 925 $855 $870 $863 $0.92 $0.94 $0.93 6.15 925 $870 $885 $878 $0.94 $0.96 $0.95 1.7391
Average 818 $820 $835 $828 $1.01 $1.03 $1.02 4.42 818 $835 $850 $843 $1.03 $1.05 $1.04 1.8127
2 Bed - Min 900 $910 $925 $918 $1.01 $1.03 $1.02 3.09 900 $925 $940 $933 $1.03 $1.04 $1.04 1.6349
Max 965 $910 $925 $918 $0.94 $0.96 $0.95 3.09 965 $925 $940 $933 $0.96 $0.97 $0.97 1.6349
Average 932.5 $910 $925 $918 $0.98 $0.99 $0.99 3.09 932.5 $925 $940 $933 $0.99 $1.01 $1.00 1.6349
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 711 $825 $845 $835 $1.16 $1.19 $1.17 3.41
Max 925 $885 $905 $895 $0.96 $0.98 $0.97 1.99
Average 818 $855 $875 $865 $1.06 $1.08 $1.07 2.67
2 Bed - Min 900 $965 $985 $975 $1.07 $1.09 $1.08 4.56
Max 965 $965 $985 $975 $1.00 $1.02 $1.01 4.56
Average 932.5 $965 $985 $975 $1.04 $1.06 $1.05 4.56
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
CIVIC SQUARE
CITY Pleasanton UNITS VACANT
# OF UNITS 262 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 8 3 3 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
99 163 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-87 3.44% 3.05% 1.15% 1.15% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 657 $725 $725 $725 $1.10 $1.10 $1.10 657 $725 $725 $725 $1.10 $1.10 $1.10 0
Max 682 $735 $735 $735 $1.08 $1.08 $1.08 682 $735 $735 $735 $1.08 $1.08 $1.08 0
Average 669.5 $730 $730 $730 $1.09 $1.09 $1.09 669.5 $730 $730 $730 $1.09 $1.09 $1.09 0
2 Bed - Min 790 $840 $840 $840 $1.06 $1.06 $1.06 790 $800 $800 $800 $1.01 $1.01 $1.01 -4.762
Max 985 $895 $950 $923 $0.91 $0.96 $0.94 985 $900 $900 $900 $0.91 $0.91 $0.91 -2.439
Average 887.5 $868 $895 $881 $0.99 $1.01 $1.00 887.5 $850 $850 $850 $0.96 $0.96 $0.96 -3.546
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 657 $735 $750 $743 $1.12 $1.14 $1.13 2.41 657 $785 $825 $805 $1.19 $1.26 $1.23 8.4175
Max 682 $745 $760 $753 $1.09 $1.11 $1.10 2.38 682 $785 $825 $805 $1.15 $1.21 $1.18 6.9767
Average 669.5 $740 $755 $748 $1.11 $1.13 $1.12 2.40 669.5 $785 $825 $805 $1.17 $1.23 $1.20 7.6923
2 Bed - Min 790 $810 $820 $815 $1.03 $1.04 $1.03 1.88 790 $865 $905 $885 $1.09 $1.15 $1.12 8.589
Max 985 $910 $970 $940 $0.92 $0.98 $0.95 4.44 985 $950 $1,000 $975 $0.96 $1.02 $0.99 3.7234
Average 887.5 $860 $895 $878 $0.97 $1.01 $0.99 3.24 887.5 $908 $953 $930 $1.03 $1.08 $1.06 5.9829
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 657 $810 $850 $830 $1.23 $1.29 $1.26 3.11
Max 682 $785 $825 $805 $1.15 $1.21 $1.18 0.00
Average 669.5 $798 $838 $818 $1.19 $1.25 $1.22 1.55
2 Bed - Min 790 $910 $930 $920 $1.15 $1.18 $1.16 3.95
Max 985 $975 $1,000 $988 $0.99 $1.02 $1.00 1.28
Average 887.5 $943 $965 $954 $1.07 $1.10 $1.08 2.55
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
CLARENDON HILLS
CITY Hayward UNITS VACANT
# OF UNITS 285 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 15 10 6 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
100 160 25 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Sep-88 5.26% 3.51% 2.11% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $775 $850 $813 $1.11 $1.21 $1.16 700 $775 $850 $813 $1.11 $1.21 $1.16 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $775 $850 $813 $1.11 $1.21 $1.16 700 $775 $850 $813 $1.11 $1.21 $1.16 0
2 Bed - Min 946 $900 $995 $948 $0.95 $1.05 $1.00 946 $900 $995 $948 $0.95 $1.05 $1.00 0
Max 947 $925 $1,050 $988 $0.98 $1.11 $1.04 947 $925 $1,050 $988 $0.98 $1.11 $1.04 0
Average 946.5 $913 $1,023 $968 $0.96 $1.08 $1.02 946.5 $913 $1,023 $968 $0.96 $1.08 $1.02 0
3 Bed - Min 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 0
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $775 $850 $813 $1.11 $1.21 $1.16 0.00 700 $775 $850 $813 $1.11 $1.21 $1.16 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $775 $850 $813 $1.11 $1.21 $1.16 0.00 700 $775 $850 $813 $1.11 $1.21 $1.16 0
2 Bed - Min 946 $900 $995 $948 $0.95 $1.05 $1.00 0.00 946 $925 $995 $960 $0.98 $1.05 $1.01 1.3193
Max 947 $925 $1,050 $988 $0.98 $1.11 $1.04 0.00 947 $950 $1,050 $1,000 $1.00 $1.11 $1.06 1.2658
Average 946.5 $913 $1,023 $968 $0.96 $1.08 $1.02 0.00 946.5 $938 $1,023 $980 $0.99 $1.08 $1.04 1.292
3 Bed - Min 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 0.00 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 0.00 1200 $1,150 $1,350 $1,250 $0.96 $1.13 $1.04 0
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $890 $950 $920 $1.27 $1.36 $1.31 13.23
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $890 $950 $920 $1.27 $1.36 $1.31 13.23
2 Bed - Min 946 $990 $1,060 $1,025 $1.05 $1.12 $1.08 6.77
Max 947 $1,010 $1,090 $1,050 $1.07 $1.15 $1.11 5.00
Average 946.5 $1,000 $1,075 $1,038 $1.06 $1.14 $1.10 5.87
3 Bed - Min 1200 $1,310 $1,450 $1,380 $1.09 $1.21 $1.15 10.40
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1200 $1,310 $1,450 $1,380 $1.09 $1.21 $1.15 10.40
COTTON WOOD
CITY Dublin UNITS VACANT
# OF UNITS 248 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 5 5 5 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
96 152 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jun-88 2.02% 2.02% 2.02% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 748 $755 $840 $798 $1.01 $1.12 $1.07 748 $755 $840 $798 $1.01 $1.12 $1.07 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 748 $755 $840 $798 $1.01 $1.12 $1.07 748 $755 $840 $798 $1.01 $1.12 $1.07 0
2 Bed - Min 876 $875 $925 $900 $1.00 $1.06 $1.03 876 $875 $925 $900 $1.00 $1.06 $1.03 0
Max 988 $1,015 $1,095 $1,055 $1.03 $1.11 $1.07 988 $1,015 $1,095 $1,055 $1.03 $1.11 $1.07 0
Average 932 $945 $1,010 $978 $1.01 $1.08 $1.05 932 $945 $1,010 $978 $1.01 $1.08 $1.05 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 748 $780 $850 $815 $1.04 $1.14 $1.09 2.1944 748 $800 $875 $838 $1.07 $1.17 $1.12 2.7607
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 748 $780 $850 $815 $1.04 $1.14 $1.09 2.1944 748 $800 $875 $838 $1.07 $1.17 $1.12 2.7607
2 Bed - Min 876 $890 $945 $918 $1.02 $1.08 $1.05 1.9444 876 $920 $980 $950 $1.05 $1.12 $1.08 3.5422
Max 988 $1,030 $1,110 $1,070 $1.04 $1.12 $1.08 1.4218 988 $1,065 $1,145 $1,105 $1.08 $1.16 $1.12 3.271
Average 932 $960 $1,028 $994 $1.03 $1.10 $1.07 1.6624 932 $993 $1,063 $1,028 $1.06 $1.14 $1.10 3.3962
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 748 $845 $900 $873 $1.13 $1.20 $1.17 4.1791
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 748 $845 $900 $873 $1.13 $1.20 $1.17 4.1791
2 Bed - Min 876 $945 $1,005 $975 $1.08 $1.15 $1.11 2.6316
Max 988 $995 $1,165 $1,080 $1.01 $1.18 $1.09 -2.262
Average 932 $970 $1,085 $1,028 $1.04 $1.16 $1.10 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
CREEKSIDE VILLAGE
CITY Fremont UNITS VACANT
# OF UNITS 480 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 22 31 35 15 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
228 262 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Dec-86 4.58% 6.46% 7.29% 3.13% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 640 $765 $835 $800 $1.20 $1.30 $1.25 640 $785 $855 $820 $1.23 $1.34 $1.28 2.500
Max 720 $850 $885 $868 $1.18 $1.23 $1.20 720 $870 $905 $888 $1.21 $1.26 $1.23 2.305
Average 680 $808 $860 $834 $1.19 $1.27 $1.23 680 $828 $880 $854 $1.22 $1.30 $1.26 2.399
2 Bed - Min 870 $920 $990 $955 $1.06 $1.14 $1.10 870 $935 $1,005 $970 $1.07 $1.16 $1.11 1.571
Max 910 $955 $1,050 $1,003 $1.05 $1.15 $1.10 910 $955 $1,050 $1,003 $1.05 $1.15 $1.10 0.000
Average 890 $938 $1,020 $979 $1.05 $1.15 $1.10 890 $945 $1,028 $986 $1.06 $1.15 $1.11 0.766
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 640 $775 $855 $815 $1.21 $1.34 $1.27 -0.61 640 $845 $905 $875 $1.32 $1.41 $1.37 7.362
Max 720 $870 $905 $888 $1.21 $1.26 $1.23 0.00 720 $935 $965 $950 $1.30 $1.34 $1.32 7.042
Average 680 $823 $880 $851 $1.21 $1.30 $1.25 -0.29 680 $890 $935 $913 $1.31 $1.38 $1.34 7.195
2 Bed - Min 870 $872 $1,005 $939 $1.00 $1.16 $1.08 -3.25 870 $1,040 $1,075 $1,058 $1.20 $1.24 $1.22 12.680
Max 910 $975 $1,050 $1,013 $1.07 $1.15 $1.11 1.00 910 $1,055 $1,130 $1,093 $1.16 $1.24 $1.20 7.901
Average 890 $924 $1,028 $976 $1.04 $1.15 $1.10 -1.09 890 $1,048 $1,103 $1,075 $1.18 $1.24 $1.21 10.200
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 640 $925 $975 $950 $1.45 $1.52 $1.48 8.57
Max 720 $995 $1,055 $1,025 $1.38 $1.47 $1.42 7.89
Average 680 $960 $1,015 $988 $1.41 $1.49 $1.45 8.22
2 Bed - Min 870 $1,140 $1,200 $1,170 $1.31 $1.38 $1.34 10.64
Max 910 $1,185 $1,270 $1,228 $1.30 $1.40 $1.35 12.36
Average 890 $1,163 $1,235 $1,199 $1.31 $1.39 $1.35 11.51
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
DUBLIN MEADOWS
CITY Dublin UNITS VACANT
# OF UNITS 190 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 5 10 7 2 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
58 96 36 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-91 2.63% 5.26% 3.68% 1.05% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 722 $800 $830 $815 $1.11 $1.15 $1.13 722 $800 $830 $815 $1.11 $1.15 $1.13 0
Max 805 $840 $870 $855 $1.04 $1.08 $1.06 805 $840 $870 $855 $1.04 $1.08 $1.06 0
Average 763.5 $820 $850 $835 $1.08 $1.12 $1.10 763.5 $820 $850 $835 $1.08 $1.12 $1.10 0
2 Bed - Min 809 $870 $900 $885 $1.08 $1.11 $1.09 809 $870 $900 $885 $1.08 $1.11 $1.09 0
Max 1080 $1,030 $1,060 $1,045 $0.95 $0.98 $0.97 1080 $1,030 $1,060 $1,045 $0.95 $0.98 $0.97 0
Average 944.5 $950 $980 $965 $1.01 $1.05 $1.03 944.5 $950 $980 $965 $1.01 $1.05 $1.03 0
3 Bed - Min 1214 $1,080 $1,125 $1,103 $0.89 $0.93 $0.91 1214 $1,080 $1,125 $1,103 $0.89 $0.93 $0.91 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1214 $1,080 $1,125 $1,103 $0.89 $0.93 $0.91 1214 $1,080 $1,125 $1,103 $0.89 $0.93 $0.91 0
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 722 $830 $860 $845 $1.15 $1.19 $1.17 3.68 722 $860 $860 $860 $1.19 $1.19 $1.19 1.7751
Max 805 $870 $900 $885 $1.08 $1.12 $1.10 3.51 805 $900 $930 $915 $1.12 $1.16 $1.14 3.3898
Average 763.5 $850 $880 $865 $1.12 $1.15 $1.13 3.59 763.5 $880 $895 $888 $1.15 $1.17 $1.16 2.6012
2 Bed - Min 809 $900 $930 $915 $1.11 $1.15 $1.13 3.39 809 $1,020 $1,050 $1,035 $1.26 $1.30 $1.28 13.1148
Max 1080 $1,060 $1,090 $1,075 $0.98 $1.01 $1.00 2.87 1080 $1,060 $1,090 $1,075 $0.98 $1.01 $1.00 0.0000
Average 944.5 $980 $1,010 $995 $1.05 $1.08 $1.06 3.11 944.5 $1,040 $1,070 $1,055 $1.12 $1.15 $1.14 6.0302
3 Bed - Min 1214 $1,215 $1,245 $1,230 $1.00 $1.03 $1.01 11.56 1214 $1,215 $1,245 $1,230 $1.00 $1.03 $1.01 0.0000
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1214 $1,215 $1,245 $1,230 $1.00 $1.03 $1.01 11.56 1214 $1,215 $1,245 $1,230 $1.00 $1.03 $1.01 0.0000
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 722 $860 $860 $860 $1.19 $1.19 $1.19 0.00
Max 805 $900 $930 $915 $1.12 $1.16 $1.14 0.00
Average 763.5 $880 $895 $888 $1.15 $1.17 $1.16 0.00
2 Bed - Min 809 $1,100 $1,150 $1,125 $1.36 $1.42 $1.39 8.70
Max 1080 $1,150 $1,200 $1,175 $1.06 $1.11 $1.09 9.30
Average 944.5 $1,125 $1,175 $1,150 $1.21 $1.27 $1.24 9.00
3 Bed - Min 1214 $1,275 $1,325 $1,300 $1.05 $1.09 $1.07 5.69
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1214 $1,275 $1,325 $1,300 $1.05 $1.09 $1.07 5.69
HACIENDA COMMONS
CITY Pleasanton UNITS VACANT
# OF UNITS 212 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 4 4 2 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
128 84 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Sep-88 4.25% 1.89% 1.89% 0.94% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 583 $720 $740 $730 $1.23 $1.27 $1.25 583 $750 $750 $750 $1.29 $1.29 $1.29 2.7397
Max 810 $845 $825 $835 $1.04 $1.02 $1.03 810 $845 $845 $845 $1.04 $1.04 $1.04 1.1976
Average 696.5 $783 $783 $783 $1.14 $1.14 $1.14 696.5 $798 $798 $798 $1.16 $1.16 $1.16 1.9169
2 Bed - Min 847 $860 $910 $885 $1.02 $1.07 $1.04 847 $925 $925 $925 $1.09 $1.09 $1.09 4.5198
Max 1073 $975 $995 $985 $0.91 $0.93 $0.92 1073 $1,025 $1,025 $1,025 $0.96 $0.96 $0.96 4.0609
Average 960 $918 $953 $935 $0.96 $1.00 $0.98 960 $975 $975 $975 $1.02 $1.02 $1.02 4.2781
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 583 $780 $780 $780 $1.34 $1.34 $1.34 4.00 583 $795 $870 $833 $1.36 $1.49 $1.43 6.7308
Max 810 $860 $860 $860 $1.06 $1.06 $1.06 1.78 810 $900 $995 $948 $1.11 $1.23 $1.17 10.174
Average 696.5 $820 $820 $820 $1.20 $1.20 $1.20 2.82 696.5 $848 $933 $890 $1.24 $1.36 $1.30 8.5366
2 Bed - Min 847 $950 $950 $950 $1.12 $1.12 $1.12 2.70 847 $950 $1,025 $988 $1.12 $1.21 $1.17 3.9474
Max 1073 $1,025 $1,050 $1,038 $0.96 $0.98 $0.97 1.22 1073 $1,025 $1,100 $1,063 $0.96 $1.03 $0.99 2.4096
Average 960 $988 $1,000 $994 $1.04 $1.05 $1.04 1.92 960 $988 $1,063 $1,025 $1.04 $1.12 $1.08 3.1447
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 583 $815 $880 $848 $1.40 $1.51 $1.45 1.80
Max 810 $935 $970 $953 $1.15 $1.20 $1.18 0.53
Average 696.5 $875 $925 $900 $1.28 $1.35 $1.31 1.12
2 Bed - Min 847 $1,000 $1,100 $1,050 $1.18 $1.30 $1.24 6.33
Max 1073 $1,130 $1,170 $1,150 $1.05 $1.09 $1.07 8.24
Average 960 $1,065 $1,135 $1,100 $1.12 $1.19 $1.16 7.32
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
HACIENDA GARDENS
CITY Pleasanton UNITS VACANT
# OF UNITS 456 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 13 16 16 8 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
228 228 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED May-88 2.85% 3.51% 3.51% 1.75% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $785 $840 $813 $1.12 $1.20 $1.16 700 $780 $810 $795 $1.11 $1.16 $1.14 -2.154
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $785 $840 $813 $1.12 $1.20 $1.16 700 $780 $810 $795 $1.11 $1.16 $1.14 -2.154
2 Bed - Min 975 $895 $1,000 $948 $0.92 $1.03 $0.97 975 $920 $970 $945 $0.94 $0.99 $0.97 -0.264
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 975 $895 $1,000 $948 $0.92 $1.03 $0.97 975 $920 $970 $945 $0.94 $0.99 $0.97 -0.264
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $780 $810 $795 $1.11 $1.16 $1.14 0.00 700 $845 $875 $860 $1.21 $1.25 $1.23 8.1761
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $780 $810 $795 $1.11 $1.16 $1.14 0.00 700 $845 $875 $860 $1.21 $1.25 $1.23 8.1761
2 Bed - Min 975 $920 $970 $945 $0.94 $0.99 $0.97 0.00 975 $1,075 $1,115 $1,095 $1.10 $1.14 $1.12 15.873
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 975 $920 $970 $945 $0.94 $0.99 $0.97 0.00 975 $1,075 $1,115 $1,095 $1.10 $1.14 $1.12 15.873
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $865 $935 $900 $1.24 $1.34 $1.29 4.65
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $865 $935 $900 $1.24 $1.34 $1.29 4.65
2 Bed - Min 975 $1,095 $1,115 $1,105 $1.12 $1.14 $1.13 0.91
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 975 $1,095 $1,115 $1,105 $1.12 $1.14 $1.13 0.91
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
HAMPTON PLACE
================================================================================
CITY Fremont
# OF UNITS 308
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
88 176 44
DATE OPENED Jan-92
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
9 15 10 4 2
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.92% 4.87% 3.25% 1.30% 0.65%
- -----------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 761 $895 $995 $945 $1.18 $1.31 $1.24
Max 785 $895 $995 $945 $1.14 $1.27 $1.20
Average 773 $895 $995 $945 $1.16 $1.29 $1.22
2 Bed - Min 975 $1,095 $1,295 $1,195 $1.12 $1.33 $1.23
Max 1036 $1,395 $1,495 $1,445 $1.35 $1.44 $1.39
Average 1005.5 $1,245 $1,395 $1,320 $1.23 $1.39 $1.31
3 Bed - Min 1369 $1,475 $1,675 $1,575 $1.08 $1.22 $1.15
Max n/a n/a n/a n/a n/a n/a n/a
Average 1369 $1,475 $1,675 $1,575 $1.08 $1.22 $1.15
- --------------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 761 $875 $975 $925 $1.15 $1.28 $1.22 -2.116
Max 785 $875 $975 $925 $1.11 $1.24 $1.18 -2.116
Average 773 $875 $975 $925 $1.13 $1.26 $1.20 -2.116
2 Bed - Min 975 $1,175 $1,275 $1,225 $1.21 $1.31 $1.26 2.510
Max 1036 $1,175 $1,275 $1,225 $1.13 $1.23 $1.18 -15.225
Average 1005.5 $1,175 $1,275 $1,225 $1.17 $1.27 $1.22 -7.197
3 Bed - Min 1369 $1,475 $1,575 $1,525 $1.08 $1.15 $1.11 -3.175
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1369 $1,475 $1,575 $1,525 $1.08 $1.15 $1.11 n/a
- ---------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 761 $965 $965 $965 $1.27 $1.27 $1.27 4.32
Max 785 $965 $965 $965 $1.23 $1.23 $1.23 4.32
Average 773 $965 $965 $965 $1.25 $1.25 $1.25 4.32
2 Bed - Min 975 $1,250 $1,250 $1,250 $1.28 $1.28 $1.28 2.04
Max 1036 $1,250 $1,250 $1,250 $1.21 $1.21 $1.21 2.04
Average 1005.5 $1,250 $1,250 $1,250 $1.24 $1.24 $1.24 2.04
3 Bed - Min 1369 $1,525 $1,525 $1,525 $1.11 $1.11 $1.11 0.00
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1369 $1,525 $1,525 $1,525 $1.11 $1.11 $1.11 0.00
- -----------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 761 $985 $1,015 $1,000 $1.29 $1.33 $1.31 3.627
Max 785 $1,025 $1,025 $1,025 $1.31 $1.31 $1.31 6.218
Average 773 $1,005 $1,020 $1,013 $1.30 $1.32 $1.31 4.922
2 Bed - Min 975 $1,275 $1,275 $1,275 $1.31 $1.31 $1.31 2.000
Max 1036 $1,335 $1,335 $1,335 $1.29 $1.29 $1.29 6.800
Average 1005.5 $1,305 $1,305 $1,305 $1.30 $1.30 $1.30 4.400
3 Bed - Min 1369 $1,575 $1,675 $1,625 $1.15 $1.22 $1.19 6.557
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1369 $1,575 $1,675 $1,625 $1.15 $1.22 $1.19 6.557
- ------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 761 $1,050 $1,050 $1,050 $1.38 $1.38 $1.38 5.00
Max 785 $1,100 $1,100 $1,100 $1.40 $1.40 $1.40 7.32
Average 773 $1,075 $1,075 $1,075 $1.39 $1.39 $1.39 6.17
2 Bed - Min 975 $1,325 $1,325 $1,325 $1.36 $1.36 $1.36 3.92
Max 1036 $1,375 $1,375 $1,375 $1.33 $1.33 $1.33 3.00
Average 1005.5 $1,350 $1,350 $1,350 $1.34 $1.34 $1.34 3.45
3 Bed - Min 1369 $1,790 $1,810 $1,800 $1.31 $1.32 $1.31 10.77
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1369 $1,790 $1,810 $1,800 $1.31 $1.32 $1.31 10.77
================================================================================
HILLCREST
================================================================================
CITY Hayward
# OF UNITS 138
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
69 69
DATE OPENED Jun-90
UNITS VACANT
6/30/94 12/31/04 6/30/95 12/31/95 6/30/96
12 8 6 1 0
VACANCY RATE
6/30/94 12/31/04 6/30/95 12/31/95 6/30/96
8.70% 5.80% 4.35% 0.72% 0.00%
- ---------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 816 $825 $920 $873 $1.01 $1.13 $1.07
Max 841 $830 $880 $835 $0.99 $1.05 $1.02
Average 828.5 $828 $900 $854 $1.00 $1.09 $1.04
2 Bed - Min 1010 $975 $1,200 $1,088 $0.97 $1.19 $1.08
Max 1015 $1,020 $1,120 $1,070 $1.00 $1.10 $1.05
Average 1012.5 $998 $1,160 $1,079 $0.99 $1.15 $1.07
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 816 $835 $920 $878 $1.02 $1.13 $1.08 0.5731
Max 841 $840 $880 $860 $1.00 $1.05 $1.02 2.994
Average 828.5 $838 $900 $869 $1.01 $1.09 $1.05 1.757
2 Bed - Min 1010 $975 $1,200 $1,088 $0.97 $1.19 $1.08 0
Max 1015 $1,000 $1,200 $1,100 $0.99 $1.18 $1.08 2.8037
Average 1012.5 $988 $1,200 $1,094 $0.98 $1.19 $1.08 1.3905
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 816 $835 $920 $878 $1.02 $1.13 $1.08 0.00
Max 841 $840 $880 $860 $1.00 $1.05 $1.02 0.00
Average 828.5 $838 $900 $869 $1.01 $1.09 $1.05 0.00
2 Bed - Min 1010 $975 $1,200 $1,088 $0.97 $1.19 $1.08 0.00
Max 1015 $1,000 $1,200 $1,100 $0.99 $1.18 $1.08 0.00
Average 1012.5 $988 $1,200 $1,094 $0.98 $1.19 $1.08 0.00
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 816 $840 $880 $860 $1.03 $1.08 $1.05 -1.994
Max 841 $850 $920 $885 $1.01 $1.09 $1.05 2.907
Average 828.5 $845 $900 $873 $1.02 $1.09 $1.05 0.4317
2 Bed - Min 1010 $975 $1,150 $1,063 $0.97 $1.14 $1.05 -2.299
Max 1015 $1,000 $1,200 $1,100 $0.99 $1.18 $1.08 0
Average 1012.5 $988 $1,175 $1,081 $0.98 $1.16 $1.07 -1.143
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 816 $840 $880 $860 $1.03 $1.08 $1.05 0.00
Max 841 $850 $920 $885 $1.01 $1.09 $1.05 0.00
Average 828.5 $845 $900 $873 $1.02 $1.09 $1.05 0.00
2 Bed - Min 1010 $985 $1,175 $1,080 $0.98 $1.16 $1.07 1.65
Max 1015 $1,120 $1,220 $1,170 $1.10 $1.20 $1.15 6.36
Average 1012.5 $1,053 $1,198 $1,125 $1.04 $1.18 $1.11 4.05
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
MISSION HEIGHTS
CITY Hayward
# OF UNITS 146
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
77 65 4
DATE OPENED Aug-68
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
4 7 6 0 5
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.74% 4.79% 4.11% 0.00% 3.42%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 760 $665 $670 $668 $0.88 $0.88 $0.88
Max n/a n/a n/a n/a n/a n/a n/a
Average 760 $665 $670 $668 $0.88 $0.88 $0.88
2 Bed - Min 1002 $775 $775 $775 $0.77 $0.77 $0.77
Max n/a n/a n/a n/a n/a n/a n/a
Average 1002 $775 $775 $775 $0.77 $0.77 $0.77
3 Bed - Min 1278 $975 $975 $975 $0.76 $0.76 $0.76
Max n/a n/a n/a n/a n/a n/a n/a
Average 1278 $975 $975 $975 $0.76 $0.76 $0.76
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 760 $670 $685 $678 $0.88 $0.90 $0.89 1.4981
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 760 $670 $685 $678 $0.88 $0.90 $0.89 1.4981
2 Bed - Min 1002 $775 $785 $780 $0.77 $0.78 $0.78 0.6452
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1002 $775 $785 $780 $0.77 $0.78 $0.78 0.6452
3 Bed - Min 1278 $975 $975 $975 $0.76 $0.76 $0.76 0.0000
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1278 $975 $975 $975 $0.76 $0.76 $0.76 0.0000
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 760 $675 $ 690 $683 $0.89 $0.91 $0.90 0.74
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 760 $675 $ 690 $683 $0.89 $0.91 $0.90 0.74
2 Bed - Min 1002 $790 $ 825 $808 $0.79 $0.82 $0.81 3.53
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1002 $790 $ 825 $808 $0.79 $0.82 $0.81 3.53
3 Bed - Min 1278 $975 $1,000 $988 $0.76 $0.78 $0.77 n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1278 $975 $1,000 $988 $0.76 $0.78 $0.77 n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 760 $ 685 $ 700 $ 693 $0.90 $0.92 $0.91 1.4652
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 760 $ 685 $ 700 $ 693 $0.90 $0.92 $0.91 1.4652
2 Bed - Min 1002 $ 805 $ 815 $ 810 $0.80 $0.81 $0.81 0.3096
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1002 $ 805 $ 815 $ 810 $0.80 $0.81 $0.81 0.3096
3 Bed - Min 1278 $1,000 $1,000 $1,000 $0.78 $0.78 $0.78 1.2658
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1278 $1,000 $1,000 $1,000 $0.78 $0.78 $0.78 1.2658
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 760 $ 725 $ 740 $ 733 $0.95 $0.97 $0.96 5.78
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 760 $ 725 $ 740 $ 733 $0.95 $0.97 $0.96 5.78
2 Bed - Min 1002 $ 840 $ 845 $ 843 $0.84 $0.84 $0.84 4.01
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1002 $ 840 $ 845 $ 843 $0.84 $0.84 $0.84 4.01
3 Bed - Min 1278 $1,000 $1,000 $1,000 $0.78 $0.78 $0.78 0.00
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1278 $1,000 $1,000 $1,000 $0.78 $0.78 $0.78 0.00
MISSION WELLS
CITY Fremont
# OF UNITS 392
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
195 197
DATE OPENED Dec-86
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
18 14 10 6 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
4.59% 3.57% 2.55% 1.53% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 693 $ 830 $ 890 $ 860 $1.20 $1.28 $1.24
Max n/a n/a n/a n/a n/a n/a n/a
Average 693 $ 830 $ 890 $ 860 $1.20 $1.28 $1.24
2 Bed - Min 860 $ 950 $1,045 $ 998 $1.10 $1.22 $1.16
Max 1065 $1,100 $1,225 $1,163 $1.03 $1.15 $1.09
Average 962.5 $1,025 $1,135 $1,080 $0.99 $1.18 $1.13
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 693 $ 830 $ 890 $ 860 $1.20 $1.28 $1.24 0
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 693 $ 830 $ 890 $ 860 $1.20 $1.28 $1.24 0
2 Bed - Min 860 $ 950 $1,045 $ 998 $1.10 $1.22 $1.16 0
Max 1065 $1,100 $1,225 $1,163 $1.03 $1.15 $1.09 0
Average 962.5 $1,025 $1,135 $1,080 $0.99 $1.18 $1.13 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 693 $ 895 $ 935 $ 915 $1.29 $1.35 $1.32 6.40
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 693 $ 895 $ 935 $ 915 $1.29 $1.35 $1.32 6.40
2 Bed - Min 860 $1,015 $1,090 $1,053 $1.18 $1.27 $1.22 5.51
Max 1065 $1,200 $1,275 $1,238 $1.13 $1.20 $1.16 6.45
Average 962.5 $1,108 $1,183 $1,145 $0.99 $1.23 $1.19 6.02
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 693 $ 925 $ 965 $ 945 $1.33 $1.39 $1.36 3.2787
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 693 $ 925 $ 965 $ 945 $1.33 $1.39 $1.36 3.2787
2 Bed - Min 860 $1,060 $1,120 $1,090 $1.23 $1.30 $1.27 3.5629
Max 1065 $1,230 $1,305 $1,268 $1.15 $1.23 $1.19 2.4242
Average 962.5 $1,145 $1,213 $1,179 $1.19 $1.26 $1.23 2.9476
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 693 $1,025 $1,100 $1,063 $1.48 $1.59 $1.53 12.43
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 693 $1,025 $1,100 $1,063 $1.48 $1.59 $1.53 12.43
2 Bed - Min 860 $1,230 $1,330 $1,280 $1.43 $1.55 $1.49 17.43
Max 1065 $1,420 $1,495 $1,458 $1.33 $1.40 $1.37 14.99
Average 962.5 $1,325 $1,413 $1,369 $0.99 $1.48 $1.43 16.12
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
===============================================================================================================================
PARKWOOD
===============================================================================================================================
CITY Dublin
# OF UNITS 224
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
128 68 28
DATE OPENED Feb-91
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
4 3 0 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
1.79% 1.34% 0.00% 0.00% 0.00%
- -----------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN
- -----------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 559 $690 $730 $710 $1.23 $1.31 $1.27 559 $700
Max 944 $925 $940 $933 $0.98 $1.00 $0.99 944 $940
Average 751.5 $808 $835 $821 $1.11 $1.15 $1.13 751.5 $820
2 Bed - Min 873 $890 $930 $910 $1.02 $1.07 $1.04 873 $890
Max 1061 $1,045 $1,115 $1,080 $0.98 $1.05 $1.02 1061 $1,045
Average 967 $968 $1,023 $995 $1.00 $1.06 $1.03 967 $968
3 Bed - Min 1121 $1,150 $1,225 $1,188 $1.03 $1.09 $1.06 1121 $1,150
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1121 $1,150 $1,225 $1,188 $1.03 $1.09 $1.06 1121 $1,150
- -------------------------------------------------------------------------------------
DEC-94 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $730 $715 $1.25 $1.31 $1.28 0.7042
Max $940 $940 $1.00 $1.00 $1.00 0.8043
Average $835 $828 $1.12 $1.15 $1.14 0.7610
2 Bed - Min $930 $910 $1.02 $1.07 $1.04 0.0000
Max $1,115 $1,080 $0.98 $1.05 $1.02 0.0000
Average $1,023 $995 $1.00 $1.06 $1.03 0.0000
3 Bed - Min $1,225 $1,188 $1.03 $1.09 $1.06 0.0000
Max n/a n/a n/a n/a n/a n/a
Average $1,225 $1,188 $1.03 $1.09 $1.06 0.0000
- -----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN
- -----------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 559 $715 $745 $730 $1.28 $1.33 $1.31 2.10 559 $733
Max 944 $950 $950 $950 $1.01 $1.01 $1.01 1.06 944 $898
Average 751.5 $833 $848 $840 $1.14 $1.17 $1.16 1.51 751.5 $815
2 Bed - Min 873 $905 $950 $928 $1.04 $1.09 $1.06 1.92 873 $935
Max 1061 $1,050 $1,130 $1,090 $0.99 $1.07 $1.03 0.93 1061 $1,063
Average 967 $978 $1,040 $1,009 $1.01 $1.08 $1.04 1.38 967 $999
3 Bed - Min 1121 $1,175 $1,250 $1,213 $1.05 $1.12 $1.08 2.11 1121 $1,225
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1121 $1,175 $1,250 $1,213 $1.05 $1.12 $1.08 2.11 1121 $1,225
- ------------------------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $770 $751 $1.31 $1.38 $1.34 2.9110
Max $925 $911 $0.95 $0.98 $0.97 -4.0789
Average $848 $831 $1.13 $1.18 $1.15 -1.0417
2 Bed - Min $978 $956 $1.07 $1.12 $1.10 3.0997
Max $1,153 $1,108 $1.00 $1.09 $1.04 1.6055
Average $1,065 $1,032 $1.04 $1.10 $1.07 2.2924
3 Bed - Min $1,300 $1,263 $1.09 $1.16 $1.13 4.1237
Max n/a n/a n/a n/a n/a n/a
Average $1,300 $1,263 $1.09 $1.16 $1.13 4.1237
- -----------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 559 $750 $795 $773 $1.34 $1.42 $1.38 2.83
Max 944 $845 $900 $873 $0.90 $0.95 $0.92 -4.25
Average 751.5 $798 $848 $823 $1.12 $1.19 $1.15 -1.05
2 Bed - Min 873 $965 $1,005 $985 $1.11 $1.15 $1.13 3.01
Max 1061 $1,075 $1,175 $1,125 $1.01 $1.11 $1.06 1.58
Average 967 $1,020 $1,090 $1,055 $1.06 $1.13 $1.09 2.24
3 Bed - Min 1121 $1,275 $1,350 $1,313 $1.14 $1.20 $1.17 3.96
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1121 $1,275 $1,350 $1,313 $1.14 $1.20 $1.17 3.96
================================================================================
PATHFINDER VILLAGE
================================================================================
City Fremont
# of Units 246
Unit Mix
Studios 1 Bed 2 Bed 3 Bed
142 104
Date Opened Jan-85
Units Vacant
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
5 21 11 3 3
Vacancy Rate
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.03% 8.54% 4.47% 1.22% 1.22%
- --------------------------------------------------------------------------------------------------------------------------
Rent Jun-94 Rent Per Sq. Ft. % Range
Unit Sq. Ft. Min Max Avg Min Max Avg Change Sq. Ft. Min
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
2 Bed - Min 828 $755 $775 $765 $0.91 $0.94 $0.92 828 $755
Max 898 $795 $815 $805 $0.89 $0.91 $0.90 898 $795
Average 863 $775 $795 $785 $0.90 $0.92 $0.91 863 $775
3 Bed - Min 1006 $900 $910 $905 $0.89 $0.90 $0.90 1006 $900
Max 1026 $920 $930 $925 $0.90 $0.91 $0.90 1026 $920
Average 1016 $910 $920 $915 $0.90 $0.91 $0.90 1016 $910
- ---------------------------------------------------------------------------------
Dec-94 Rent Per Sq. Ft. %
Unit Max Average Min Max Avg Change
- ---------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
2 Bed - Min $775 $765 $0.91 $0.94 $0.92 0.00
Max $815 $805 $0.89 $0.91 $0.90 0.00
Average $795 $785 $0.90 $0.92 $0.91 0.00
3 Bed - Min $910 $905 $0.89 $0.90 $0.90 0.00
Max $930 $925 $0.90 $0.91 $0.90 0.00
Average $920 $915 $0.90 $0.91 $0.90 0.00
- -------------------------------------------------------------------------------------------------------------------------
Rent Jun-95 Rent Per Sq. Ft. % Range
Unit Sq. Ft. Min Max Average Min Max Avg Change Sq. Ft. Min
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
2 Bed - Min 828 $777 $798 $788 $0.94 $0.96 $0.95 2.94 828 $777
Max 898 $819 $840 $830 $0.91 $0.94 $0.92 3.04 898 $819
Average 863 $798 $819 $809 $0.93 $0.95 $0.94 2.99 863 $798
3 Bed - Min 1006 $935 $940 $938 $0.93 $0.93 $0.93 3.59 1006 $935
Max 1026 $948 $958 $953 $0.92 $0.93 $0.93 3.03 1026 $948
Average 1016 $942 $949 $945 $0.93 $0.93 $0.93 3.31 1016 $942
- -------------------------------------------------------------------------------
Dec-95 Rent Per Sq. Ft. %
Unit Max Average Min Max Avg Change
- -------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
2 Bed - Min $798 $788 $0.94 $0.96 $0.95 0
Max $840 $830 $0.91 $0.94 $0.92 0
Average $819 $809 $0.93 $0.95 $0.94 0
3 Bed - Min $940 $938 $0.93 $0.93 $0.93 0
Max $958 $953 $0.92 $0.93 $0.93 0
Average $949 $945 $0.93 $0.93 $0.93 0
- ---------------------------------------------------------------------------------------------------
Rent Jun-96 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
2 Bed - Min 828 $815 $915 $865 $0.98 $1.11 $1.04 9.84
Max 898 $830 $965 $898 $0.92 $1.07 $1.00 8.20
Average 863 $823 $940 $881 $0.95 $1.09 $1.02 9.00
3 Bed - Min 1006 $965 $1,090 $1,028 $0.96 $1.08 $1.02 9.60
Max 1026 $990 $1,105 $1,048 $0.96 $1.08 $1.02 9.92
Average 1016 $978 $1,098 $1,038 $0.96 $1.08 $1.02 9.76
================================================================================
SPRINGHOUSE
================================================================================
CITY Pleasanton
# OF UNITS 354
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
192 162
DATE OPENED Jul-90
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
3 11 4 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
0.85% 3.11% 1.13% 0.00% 0.00%
- -------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT.
- -------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $675 $780 $728 $1.18 $1.37 $1.28 570
Max 750 $775 $885 $835 $1.03 $1.18 $1.11 750
Average 660 $725 $833 $781 $1.11 $1.27 $1.19 660
2 Bed - Min 800 $800 $930 $865 $1.00 $1.16 $1.08 800
Max 990 $875 $1,010 $943 $0.88 $1.02 $0.95 990
Average 895 $838 $970 $904 $0.94 $1.09 $1.02 895
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $725 $755 $740 $1.27 $1.32 $1.30 1.7182
Max $855 $855 $855 $1.14 $1.14 $1.14 2.3952
Average $790 $805 $798 $1.21 $1.23 $1.22 2.08
2 Bed - Min $875 $900 $888 $1.09 $1.13 $1.11 2.6012
Max $960 $980 $970 $0.97 $0.99 $0.98 2.9178
Average $918 $940 $929 $1.03 $1.06 $1.04 2.7663
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX
- ---------------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $745 $755 $750 $1.31 $1.32 $1.32 1.35 570 $755 $755
Max 750 $855 $855 $855 $1.14 $1.14 $1.14 0.00 750 $880 $880
Average 660 $800 $805 $803 $1.22 $1.23 $1.23 0.63 660 $818 $818
2 Bed - Min 800 $875 $900 $888 $1.09 $1.13 $1.11 0.00 800 $900 $930
Max 990 $960 $980 $970 $0.97 $0.99 $0.98 0.00 990 $980 $1,010
Average 895 $918 $940 $929 $1.03 $1.06 $1.04 0.00 895 $940 $970
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $755 $1.32 $1.32 $1.32 0.6667
Max $880 $1.17 $1.17 $1.17 2.924
Average $818 $1.25 $1.25 $1.25 1.8692
2 Bed - Min $915 $1.13 $1.16 $1.14 3.0986
Max $995 $0.99 $1.02 $1.01 2.5773
Average $955 $1.06 $1.09 $1.07 2.8264
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $775 $775 $775 $1.36 $1.36 $1.36 2.65
Max 750 $890 $890 $890 $1.19 $1.19 $1.19 1.14
Average 660 $833 $833 $833 $1.27 $1.27 $1.27 1.83
2 Bed - Min 800 $950 $950 $950 $1.19 $1.19 $1.19 3.83
Max 990 $980 $1,050 $1,015 $0.99 $1.06 $1.03 2.01
Average 895 $965 $1,000 $983 $1.09 $1.12 $1.11 2.88
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
STONERIDGE
================================================================================
CITY Pleasanton
# OF UNITS 520
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
208 312
DATE OPENED Aug-88
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
18 10 19 6 2
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
3.46% 1.92% 3.65% 1.15% 0.38%
- -----------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 525 $750 $750 $750 $1.43 $1.43 $1.43 525 $765
Max 731 $870 $890 $835 $1.19 $1.22 $1.20 731 $885
Average 628 $810 $820 $793 $1.31 $1.32 $1.32 628 $825
2 Bed - Min 1180 $1,120 $1,140 $1,130 $0.95 $0.97 $0.96 1180 $1,150
Max 1247 $1,130 $1,150 $1,140 $0.91 $0.92 $0.91 1247 $1,170
Average 1213.5 $1,125 $1,145 $1,135 $0.93 $0.94 $0.94 1213.5 $1,160
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $765 $765 $1.46 $1.46 $1.46 2
Max $905 $895 $1.21 $1.24 $1.22 7.1856
Average $835 $830 $1.33 $1.35 $1.34 4.7319
2 Bed - Min $1,170 $1,160 $0.97 $0.99 $0.98 2.6549
Max $1,190 $1,180 $0.94 $0.95 $0.95 3.5088
Average $1,180 $1,170 $0.96 $0.97 $0.96 3.0837
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX
- ----------------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 525 $765 $765 $765 $1.46 $1.46 $1.46 0.00 525 $790 $790
Max 731 $885 $905 $895 $1.21 $1.24 $1.22 0.00 731 $895 $915
Average 628 $825 $835 $830 $1.33 $1.35 $1.34 0.00 628 $843 $853
2 Bed - Min 1180 $1,180 $1,190 $1,185 $1.00 $1.01 $1.00 2.16 1180 $1,245 $1,265
Max 1247 $1,199 $1,210 $1,205 $0.96 $0.97 $0.97 2.08 1247 $1,245 $1,265
Average 1213.5 $1,190 $1,200 $1,195 $0.98 $0.99 $0.99 2.12 1213.5 $1,245 $1,265
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $790 $1.50 $1.50 $1.50 3.268
Max $905 $1.22 $1.25 $1.24 1.1173
Average $848 $1.36 $1.38 $1.37 2.1084
2 Bed - Min $1,255 $1.06 $1.07 $1.06 5.9072
Max $1,255 $1.00 $1.01 $1.01 4.1926
Average $1,255 $1.03 $1.04 $1.03 5.0429
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 525 $850 $850 $850 $1.62 $1.62 $1.62 7.59
Max 731 $995 $1,115 $1,055 $1.36 $1.53 $1.44 16.57
Average 628 $923 $983 $953 $1.49 $1.57 $1.53 12.39
2 Bed - Min 1180 $1,410 $1,420 $1,415 $1.19 $1.20 $1.20 12.75
Max 1247 $1,420 $1,430 $1,425 $1.14 $1.15 $1.14 13.55
Average 1213.5 $1,415 $1,425 $1,420 $1.17 $1.18 $1.17 13.15
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
SUMMERWOOD
================================================================================
CITY Hayward
# OF UNITS 162
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
74 84 4
DATE OPENED Oct-82
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
5 5 2 2 2
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
3.09% 3.09% 1.23% 1.23% 1.23%
- ----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX
- ----------------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 628 $640 $640 $640 $1.02 $1.02 $1.02 628 $640 $640
Max 646 $650 $650 $650 $1.01 $1.01 $1.01 646 $650 $650
Average 637 $645 $645 $645 $1.01 $1.01 $1.01 637 $645 $645
2 Bed - Min 820 $755 $755 $755 $0.92 $0.92 $0.92 820 $755 $755
Max 874 $755 $780 $768 $0.86 $0.89 $0.88 874 $780 $780
Average 847 $755 $768 $761 $0.89 $0.91 $0.90 847 $768 $768
3 Bed - Min 1123 $812 $812 $812 $0.72 $0.72 $0.72 1123 $812 $812
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1123 $812 $812 $812 $0.72 $0.72 $0.72 1123 $812 $812
- ---------------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $640 $1.02 $1.02 $1.02 0.00
Max $650 $1.01 $1.01 $1.01 0.00
Average $645 $1.01 $1.01 $1.01 0.00
2 Bed - Min $755 $0.92 $0.92 $0.92 0.00
Max $780 $0.89 $0.89 $0.89 1.63
Average $768 $0.91 $0.91 $0.91 0.82
3 Bed - Min $812 $0.72 $0.72 $0.72 0.00
Max n/a n/a n/a n/a n/a
Average $812 $0.72 $0.72 $0.72 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX
- ----------------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 628 $640 $640 $640 $1.02 $1.02 $1.02 0.00 628 $650 $650
Max 646 $650 $650 $650 $1.01 $1.01 $1.01 0.00 646 $660 $660
Average 637 $645 $645 $645 $1.01 $1.01 $1.01 0.00 637 $655 $655
2 Bed - Min 820 $755 $755 $755 $0.92 $0.92 $0.92 0.00 820 $775 $775
Max 874 $780 $780 $780 $0.89 $0.89 $0.89 0.00 874 $800 $800
Average 847 $768 $768 $768 $0.91 $0.91 $0.91 0.00 847 $788 $788
3 Bed - Min 1123 $812 $812 $812 $0.72 $0.72 $0.72 0.00 1123 $812 $812
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1123 $812 $812 $812 $0.72 $0.72 $0.72 0.00 1123 $812 $812
- --------------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $650 $1.04 $1.04 $1.04 1.5625
Max $660 $1.02 $1.02 $1.02 n/a
Average $655 $1.03 $1.03 $1.03 1.5504
2 Bed - Min $775 $0.95 $0.95 $0.95 2.649
Max $800 $0.92 $0.92 $0.92 n/a
Average $788 $0.93 $0.93 $0.93 2.6059
3 Bed - Min $812 $0.72 $0.72 $0.72 0
Max n/a n/a n/a n/a n/a
Average $812 $0.72 $0.72 $0.72 0
- -------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 628 $683 $713 $698 $1.09 $1.14 $1.11 7.38
Max 646 $660 $660 $660 $1.02 $1.02 $1.02 0.00
Average 637 $672 $687 $679 $1.05 $1.08 $1.07 3.66
2 Bed - Min 820 $813 $813 $813 $0.99 $0.99 $0.99 4.90
Max 874 $847 $847 $847 $0.97 $0.97 $0.97 5.88
Average 847 $830 $830 $830 $0.98 $0.98 $0.98 5.40
3 Bed - Min 1123 $812 $812 $812 $0.72 $0.72 $0.72 0.00
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1123 $812 $812 $812 $0.72 $0.72 $0.72 0.00
================================================================================
SUN POINTE VILLAGE
================================================================================
City Fremont
# of Units 336
Unit Mix
Studios 1 Bed 2 Bed 3 Bed
168 168
Date Opened May-89
Units Vacant
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
23 4 4 5 0
Vacancy Rate
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
6.85% 1.19% 1.19% 1.49% 0.00%
- -------------------------------------------------------------------------------------------------------------------------
Rent Jun-94 Rent Per Sq. Ft. % Range
Unit Sq. Ft. Min Max Avg Min Max Avg Change Sq. Ft. Min
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 704 $795 $795 $795 $1.13 $1.13 $1.13 704 $820
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 704 $795 $795 $795 $1.13 $1.13 $1.13 704 $820
2 Bed - Min 906 $940 $985 $963 $1.04 $1.09 $1.06 906 $940
Max 1108 $1,030 $1,095 $1,063 $0.93 $0.99 $0.96 1108 $1,055
Average 1007 $985 $1,040 $1,013 $0.98 $1.04 $1.01 1007 $998
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------
Dec-94 Rent Per Sq. Ft. %
Unit Max Average Min Max Avg Change
- -----------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $905 $863 $1.16 $1.29 $1.23 8.4906
Max n/a n/a n/a n/a n/a n/a
Average $905 $863 $1.16 $1.29 $1.23 8.4906
2 Bed - Min $995 $968 $1.04 $1.10 $1.07 0.5195
Max $1,105 $1,080 $0.95 $1.00 $0.97 1.6471
Average $1,050 $1,024 $0.99 $1.05 $1.02 1.1111
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------------------------------
Rent Jun-95 Rent Per Sq. Ft. % Range
Unit Sq. Ft. Min Max Average Min Max Avg Change Sq. Ft. Min
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 704 $860 $935 $898 $1.22 $1.33 $1.27 4.06 704 $890
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 704 $860 $935 $898 $1.22 $1.33 $1.27 4.06 704 $890
2 Bed - Min 906 $980 $1,040 $1,010 $1.08 $1.15 $1.11 4.39 906 $1,030
Max 1108 $1,085 $1,145 $1,115 $0.98 $1.03 $1.01 3.24 1108 $1,135
Average 1007 $1,033 $1,093 $1,063 $1.03 $1.09 $1.06 3.79 1007 $1,083
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------
Dec-95 Rent Per Sq. Ft. %
Unit Max Average Min Max Avg Change
- ----------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $965 $928 $1.26 $1.37 $1.32 3.3426
Max n/a n/a n/a n/a n/a n/a
Average $965 $928 $1.26 $1.37 $1.32 3.3426
2 Bed - Min $1,090 $1,060 $1.14 $1.20 $1.17 4.9505
Max $1,195 $1,165 $1.02 $1.08 $1.05 4.4843
Average $1,143 $1,113 $1.08 $1.14 $1.11 4.7059
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------------------------
Rent Jun-96 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
- -------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 704 $910 $985 $948 $1.29 $1.40 $1.35 2.16
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 704 $910 $985 $948 $1.29 $1.40 $1.35 2.16
2 Bed - Min 906 $1,081 $1,145 $1,113 $1.19 $1.26 $1.23 5.00
Max 1108 $1,205 $1,265 $1,235 $1.09 $1.14 $1.11 6.01
Average 1007 $1,143 $1,205 $1,174 $1.14 $1.20 $1.17 5.53
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
VERANDA
================================================================================
City Union City
# of Units 282
Unit Mix
Studios 1 Bed 2 Bed 3 Bed
48 186 48
Date Opened Aug-89
Units Vacant
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
8 4 9 1 0
Vacancy Rate
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.84% 1.42% 3.19% 0.35% 0.00%
- ---------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX
- ---------------------------------------------------------------------------------------------------------------------------------
Studio - Min. 510 $695 $695 $695 $1.36 $1.36 $1.36 510 $695 $710
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 510 $695 $695 $695 $1.36 $1.36 $1.36 510 $695 $710
1 Bed - Min 602 $745 $745 $745 $1.24 $1.24 $1.24 602 $755 $785
Max 777 $825 $850 $838 $1.06 $1.09 $1.08 777 $835 $855
Average 689.5 $785 $798 $791 $1.15 $1.17 $1.16 689.5 $795 $820
2 Bed - Min 955 $975 $1,020 $998 $1.02 $1.07 $1.04 955 $1,025 $1,050
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 955 $975 $1,020 $998 $1.02 $1.07 $1.04 955 $1,025 $1,050
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min. $703 $1.36 $1.39 $1.38 1.1511
Max n/a n/a n/a n/a n/a
Average $703 $1.36 $1.39 $1.38 1.1511
1 Bed - Min $770 $1.25 $1.30 $1.28 3.3557
Max $845 $1.07 $1.10 $1.09 0.8955
Average $808 $1.16 $1.20 $1.18 2.0537
2 Bed - Min $1,038 $1.07 $1.10 $1.09 4.0602
Max n/a n/a n/a n/a n/a
Average $1,038 $1.07 $1.10 $1.09 4.0602
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min 510 695 710 $703 $1.36 $1.39 $1.38 -0.07 510 735
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 510 $695 $710 $703 $1.36 $1.39 $1.38 -0.07 510 $735
1 Bed - Min 602 $770 $790 $780 $1.28 $1.31 $1.30 1.30 602 $805
Max 777 $850 $870 $860 $1.09 $1.12 $1.11 1.78 777 $855
Average 689.5 $810 $830 $820 $1.19 $1.22 $1.20 1.55 689.5 $830
2 Bed - Min 955 $1,035 $1,050 $1,043 $1.08 $1.10 $1.09 0.48 955 $1,085
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 955 $1,035 $1,050 $1,043 $1.08 $1.10 $1.09 0.48 955 $1,085
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------
Studio - Min 750 $743 $1.44 $1.47 $1.46 5.6940
Max n/a n/a n/a n/a n/a n/a
Average $750 $743 $1.44 $1.47 $1.46 5.6940
1 Bed - Min $825 $815 $1.34 $1.37 $1.35 4.4872
Max $880 $868 $1.10 $1.13 $1.12 0.9302
Average $853 $842 $1.22 $1.25 $1.24 2.6220
2 Bed - Min $1,110 $1,098 $1.14 $1.16 $1.15 5.2733
Max n/a n/a n/a n/a n/a n/a
Average $1,110 $1,098 $1.14 $1.16 $1.15 5.2733
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------
Studio - Min 510 745 765 $755 $1.46 $1.50 $1.48 1.68
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 510 $745 $765 $755 $1.46 $1.50 $1.48 1.68
1 Bed - Min 602 $840 $865 $780 $1.40 $1.44 $1.42 -4.29
Max 777 $910 $940 $860 $1.17 $1.21 $1.19 -0.92
Average 689.5 $875 $903 $820 $1.28 $1.32 $1.30 -2.55
2 Bed - Min 955 $1,135 $1,160 $1,043 $1.19 $1.21 $1.20 -5.01
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 955 $1,135 $1,160 $1,043 $1.19 $1.21 $1.20 -5.01
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
WATERFORD
================================================================================
CITY Hayward
# OF UNITS 544
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
208 336
DATE OPENED Sep-85
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
20 25 40 20 n/a
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
3.68% 4.60% 7.35% 3.68% 2.00%
- ------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN
- ------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 701 $700 $750 $725 $1.00 $1.07 $1.03 701 $725
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 701 $700 $750 $725 $1.00 $1.07 $1.03 701 $725
2 Bed - Min 900 $820 $860 $840 $0.91 $0.96 $0.93 900 $845
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $820 $860 $840 $0.91 $0.96 $0.93 900 $845
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------
DEC-94 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $765 $745 $1.03 $1.09 $1.06 2.7586
Max n/a n/a n/a n/a n/a n/a
Average $765 $745 $1.03 $1.09 $1.06 2.7586
2 Bed - Min $900 $873 $0.94 $1.00 $0.97 3.869
Max n/a n/a n/a n/a n/a n/a
Average $900 $873 $0.94 $1.00 $0.97 3.869
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 701 $740 $780 $760 $1.06 $1.11 $1.08 2.01 701 $775
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 701 $740 $780 $760 $1.06 $1.11 $1.08 2.01 701 $775
2 Bed - Min 900 $845 $900 $873 $0.94 $1.00 $0.97 0.00 900 $875
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $845 $900 $873 $0.94 $1.00 $0.97 0.00 900 $875
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $815 $795 $1.11 $1.16 $1.13 4.6053
Max n/a n/a n/a n/a n/a n/a
Average $815 $795 $1.11 $1.16 $1.13 4.6053
2 Bed - Min $925 $900 $0.97 $1.03 $1.00 3.1519
Max n/a n/a n/a n/a n/a n/a
Average $925 $900 $0.97 $1.03 $1.00 3.1519
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 701 $815 $840 $828 $1.16 $1.20 $1.18 4.09
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 701 $815 $840 $828 $1.16 $1.20 $1.18 4.09
2 Bed - Min 900 $945 $965 $955 $1.05 $1.07 $1.06 6.11
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $945 $965 $955 $1.05 $1.07 $1.06 6.11
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
WILLOW CREEK
================================================================================
CITY Fremont
# OF UNITS 235
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
92 143
DATE OPENED Jan-85
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
5 13 8 9 1
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.13% 5.53% 3.40% 3.83% 0.43%
- ------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX
- ------------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $785 $825 $805 $1.12 $1.18 $1.15 700 $795 $850
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $785 $825 $805 $1.12 $1.18 $1.15 700 $795 $850
2 Bed - Min 900 $925 $965 $945 $1.03 $1.07 $1.05 900 $930 $960
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $925 $965 $945 $1.03 $1.07 $1.05 900 $930 $960
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $823 $1.14 $1.21 $1.18 2.1739
Max n/a n/a n/a n/a n/a
Average $823 $1.14 $1.21 $1.18 2.1739
2 Bed - Min $945 $1.03 $1.07 $1.05 0
Max n/a n/a n/a n/a n/a
Average $945 $1.03 $1.07 $1.05 0
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX
- ------------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $850 $890 $870 $1.21 $1.27 $1.24 5.78 700 $880 $920
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $850 $890 $870 $1.21 $1.27 $1.24 5.78 700 $880 $920
2 Bed - Min 900 $960 $1,000 $980 $1.07 $1.11 $1.09 3.70 900 $1,045 $1,085
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $960 $1,000 $980 $1.07 $1.11 $1.09 3.70 900 $1,045 $1,085
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $900 $1.26 $1.31 $1.29 3.4483
Max n/a n/a n/a n/a n/a
Average $900 $1.26 $1.31 $1.29 3.4483
2 Bed - Min $1,065 $1.16 $1.21 $1.18 8.6735
Max n/a n/a n/a n/a n/a
Average $1,065 $1.16 $1.21 $1.18 8.6735
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 700 $1,000 $1,050 $1,025 $1.43 $1.50 $1.46 13.89
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $1,000 $1,050 $1,025 $1.43 $1.50 $1.46 13.89
2 Bed - Min 900 $1,200 $1,250 $1,225 $1.33 $1.39 $1.36 15.02
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $1,200 $1,250 $1,225 $1.33 $1.39 $1.36 15.02
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
WIMBLEDON WOODS
================================================================================
CITY Hayward
# OF UNITS 560
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
356 204
DATE OPENED Aug-75
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
31 13 23 13 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
5.54% 2.32% 4.11% 2.32% 0.00%
- -----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX
- -----------------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 662 $675 $725 $700 $1.02 $1.10 $1.06 662 $730 $785
Max 797 $775 $815 $835 $0.97 $1.02 $1.00 797 $805 $845
Average 729.5 $725 $770 $768 $1.00 $1.06 $1.03 729.5 $768 $815
2 Bed - Min 976 $910 $955 $933 $0.93 $0.98 $0.96 976 $950 $985
Max 1091 $970 $1,010 $990 $0.89 $0.93 $0.91 1091 $1,010 $1,050
Average 1033.5 940 982.5 $961 $0.91 $0.95 $0.93 1033.5 $980 $1,018
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a
Max n/a n/a n/a n/a
Average n/a n/a n/a n/a
1 Bed - Min $758 $1.10 $1.19 $1.14 8.2143
Max $825 $1.01 $1.06 $1.04 -1.198
Average $791 $1.06 $1.12 $1.09 3.0945
2 Bed - Min $968 $0.97 $1.01 $0.99 3.7534
Max $1,030 $0.93 $0.96 $0.94 4.0404
Average $999 $0.95 $0.99 $0.97 3.9012
3 Bed - Min n/a n/a n/a n/a
Max n/a n/a n/a n/a
Average n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT.
- ---------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 662 $740 $810 $775 $1.12 $1.22 $1.17 2.31 662
Max 797 $815 $855 $835 $1.02 $1.07 $1.05 1.21 797
Average 729.5 $778 $833 $805 $1.07 $1.15 $1.11 1.74 729.5
2 Bed - Min 976 $960 $1,005 $983 $0.98 $1.03 $1.01 1.55 976
Max 1091 $1,020 $1,060 $1,040 $0.93 $0.97 $0.95 0.97 1091
Average 1033.5 $990 $1,033 $1,011 $0.96 $1.00 $0.98 1.25 1033.5
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min $740 $805 $773 $1.12 $1.22 $1.17 -0.323
Max $825 $865 $845 $1.04 $1.09 $1.06 1.1976
Average $783 $835 $809 $1.08 $1.15 $1.11 0.4658
2 Bed - Min $905 $950 $928 $0.93 $0.97 $0.95 -5.598
Max $970 $1,010 $990 $0.89 $0.93 $0.91 -4.808
Average $938 $980 $959 $0.91 $0.95 $0.93 -5.192
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 662 $740 $805 $773 $1.12 $1.22 $1.17 0.00
Max 797 $825 $865 $845 $1.04 $1.09 $1.06 0.00
Average 729.5 $783 $835 $809 $1.08 $1.15 $1.11 0.00
2 Bed - Min 976 $915 $950 $933 $0.94 $0.97 $0.96 0.54
Max 1091 $970 $1,020 $995 $0.89 $0.93 $0.91 0.51
Average 1033.5 $943 $985 $964 $0.91 $0.95 $0.93 0.52
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
2000 POST
CITY San Francisco Units Vacant
# OF UNITS 304 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 20 17 2 6 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
148 98 58 0 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Sep-86 6.58% 5.59% 0.66% 1.97% 0.00%
- -------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------------
Studio - Min 482 $ 699 $ 999 $ 849 $1.45 $2.07 $1.76 482 $ 890 $ 890 $ 890 $1.85 $1.85 $1.85 4.8292
Max 720 $1,100 $1,200 $1,150 $1.53 $1.67 $1.60 720 $1,100 $1,200 $1,150 $1.53 $1.67 $1.60 0
Average 601 $ 900 $1,100 $1,000 $1.49 $1.87 $1.68 601 $ 995 $1,045 $1,020 $1.69 $1.76 $1.72 2.051
1 Bed - Min 630 $ 950 $1,150 $1,050 $1.51 $1.83 $1.67 630 $1,055 $1,150 $1,103 $1.67 $1.83 $1.75 5
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 630 $ 950 $1,150 $1,050 $1.51 $1.83 $1.67 630 $1,055 $1,150 $1,103 $1.67 $1.83 $1.75 5
2 Bed - Min 900 $1,250 $1,495 $1,373 $1.39 $1.66 $1.53 900 $1,345 $1,495 $1,420 $1.49 $1.66 $1.58 3.4608
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $1,250 $1,495 $1,373 $1.39 $1.66 $1.53 900 $1,345 $1,495 $1,420 $1.49 $1.66 $1.58 3.4608
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------------------------------------
Studio - Min 482 $ 890 $ 890 $ 890 $1.85 $1.85 $1.85 0.00 482 $ 860 $ 895 $ 878 $1.78 $1.86 $1.82 -1.404
Max 720 $1,050 $1,050 $1,050 $1.46 $1.46 $1.46 -8.70 720 $1,050 $1,050 $1,050 $1.46 $1.46 $1.46 0
Average 601 $ 970 $ 970 $ 970 $1.65 $1.65 $1.65 -4.90 601 $ 955 $ 973 $ 964 $1.62 $1.66 $1.64 -0.644
1 Bed - Min 630 $1,095 $1,095 $1,095 $1.74 $1.74 $1.74 -0.68 630 $1,050 $1,295 $1,173 $1.67 $2.06 $1.86 7.0776
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 630 $1,095 $1,095 $1,095 $1.74 $1.74 $1.74 -0.68 630 $1,050 $1,295 $1,173 $1.67 $2.06 $1.86 7.0776
2 Bed - Min 900 $1,495 $1,575 $1,535 $1.66 $1.75 $1.71 8.10 900 $1,525 $1,675 $1,600 $1.69 $1.86 $1.78 4.2345
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $1,495 $1,575 $1,535 $1.66 $1.75 $1.71 8.10 900 $1,525 $1,675 $1,600 $1.69 $1.86 $1.78 4.2345
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -----------------------------------------------------------------------
Studio - Min 482 $ 895 $ 895 $ 895 $1.86 $1.86 $1.86 1.99
Max 720 $1,395 $1,395 $1,395 $1.94 $1.94 $1.94 32.86
Average 601 $1,145 $1,145 $1,145 $1.90 $1.90 $1.90 18.81
1 Bed - Min 630 $1,040 $1,595 $1,318 $1.65 $2.53 $2.09 12.37
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 630 $1,040 $1,595 $1,318 $1.65 $2.53 $2.09 12.37
2 Bed - Min 900 $1,590 $1,995 $1,793 $1.77 $2.22 $1.99 12.03
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $1,590 $1,995 $1,793 $1.77 $2.22 $1.99 12.03
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
BAYSIDE VILLAGE
CITY San Francisco Units Vacant
# OF UNITS 862 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 16 24 5 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
280 289 293 0 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jul-88 1.04% 1.86% 2.78% 0.58% 0.00%
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min 490 $ 800 $ 900 $ 850 $1.63 $1.84 $1.73 490 $ 850 $ 950 $ 900 $1.73 $1.94 $1.84 5.8824
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 490 $ 800 $ 900 $ 850 $1.63 $1.84 $1.73 490 $ 850 $ 950 $ 900 $1.73 $1.94 $1.84 5.8824
1 Bed - Min 678 $ 995 $1,150 $1,073 $1.47 $1.70 $1.58 678 $1,050 $1,250 $1,150 $1.55 $1.84 $1.70 7.2261
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 678 $ 995 $1,150 $1,073 $1.47 $1.70 $1.58 678 $1,050 $1,250 $1,150 $1.55 $1.84 $1.70 7.2261
2 Bed - Min 1050 $1,295 $1,850 $1,573 $1.23 $1.76 $1.50 1050 $1,350 $1,900 $1,625 $1.29 $1.81 $1.55 3.3386
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1050 $1,295 $1,850 $1,573 $1.23 $1.76 $1.50 1050 $1,350 $1,900 $1,625 $1.29 $1.81 $1.55 3.3386
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min 490 $ 860 $ 950 $ 905 $1.76 $1.94 $1.85 0.56 490 $ 895 $ 980 $ 938 $1.83 $2.00 $1.91 3.5912
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 490 $ 860 $ 950 $ 905 $1.76 $1.94 $1.85 0.56 490 $ 895 $ 980 $ 938 $1.83 $2.00 $1.91 3.5912
1 Bed - Min 678 $1,060 $1,250 $1,155 $1.56 $1.84 $1.70 0.43 678 $1,150 $1,350 $1,250 $1.70 $1.99 $1.84 8.2251
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 678 $1,060 $1,250 $1,155 $1.56 $1.84 $1.70 0.43 678 $1,150 $1,350 $1,250 $1.70 $1.99 $1.84 8.2251
2 Bed - Min 1050 $1,395 $1,900 $1,648 $1.33 $1.81 $1.57 1.38 1050 $1,495 $2,000 $1,748 $1.42 $1.90 $1.66 6.0698
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1050 $1,395 $1,900 $1,648 $1.33 $1.81 $1.57 1.38 1050 $1,495 $2,000 $1,748 $1.42 $1.90 $1.66 6.0698
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min 490 $ 940 $1,025 $ 983 $1.92 $2.09 $2.01 4.80
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 490 $ 940 $1,025 $ 983 $1.92 $2.09 $2.01 4.80
1 Bed - Min 678 $1,225 $1,425 $1,325 $1.81 $2.10 $1.95 6.00
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 678 $1,225 $1,425 $1,325 $1.81 $2.10 $1.95 6.00
2 Bed - Min 1050 $1,592 $2,100 $1,846 $1.52 $2.00 $1.76 5.64
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1050 $1,592 $2,100 $1,846 $1.52 $2.00 $1.76 5.64
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
CITY HEIGHTS
CITY San Francisco UNITS VACANT
# OF UNITS 185 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 8 7 3 5
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
46 114 25 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jul-90 4.86% 4.32% 3.78% 1.62% 2.70%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min 430 $ 675 $ 825 $ 750 $1.57 $1.92 $1.74 430 $ 775 $ 825 $ 800 $1.80 $1.92 $1.86 6.6667
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 430 $ 675 $ 825 $ 750 $1.57 $1.92 $1.74 430 $ 775 $ 825 $ 800 $1.80 $1.92 $1.86 6.6667
1 Bed - Min 690 $ 835 $1,250 $1,043 $1.21 $1.81 $1.51 690 $ 895 $1,250 $1,073 $1.30 $1.81 $1.55 2.8777
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 690 $ 835 $1,250 $1,043 $1.21 $1.81 $1.51 690 $ 895 $1,250 $1,073 $1.30 $1.81 $1.55 2.8777
2 Bed - Min 910 $1,250 $1,550 $1,400 $1.37 $1.70 $1.54 910 $1,220 $1,525 $1,373 $1.34 $1.68 $1.51 -1.964
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 910 $1,250 $1,550 $1,400 $1.37 $1.70 $1.54 910 $1,220 $1,525 $1,373 $1.34 $1.68 $1.51 -1.964
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min 482 $ 775 $ 865 $ 820 $1.61 $1.79 $1.70 2.50 430 $ 775 $ 950 $ 863 $1.80 $2.21 $2.01 5.1829
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 482 $ 775 $ 865 $ 820 $1.61 $1.79 $1.70 2.50 430 $ 775 $ 950 $ 863 $1.80 $2.21 $2.01 5.1829
1 Bed - Min 690 $ 905 $1,295 $1,100 $1.31 $1.88 $1.59 2.56 690 $ 950 $1,295 $1,123 $1.38 $1.88 $1.63 2.0455
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 690 $ 905 $1,295 $1,100 $1.31 $1.88 $1.59 2.56 690 $ 950 $1,295 $1,123 $1.38 $1.88 $1.63 2.0455
2 Bed - Min 910 $1,220 $1,535 $1,378 $1.34 $1.69 $1.51 0.36 910 $1,295 $1,545 $1,420 $1.42 $1.70 $1.56 3.0853
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 910 $1,220 $1,535 $1,378 $1.34 $1.69 $1.51 0.36 910 $1,295 $1,545 $1,420 $1.42 $1.70 $1.56 3.0853
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min 482 $ 875 $1,050 $ 963 $1.82 $2.18 $2.00 11.59
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 482 $ 875 $1,050 $ 963 $1.82 $2.18 $2.00 11.59
1 Bed - Min 690 $1,100 $1,300 $1,200 $1.59 $1.88 $1.74 6.90
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 690 $1,100 $1,300 $1,200 $1.59 $1.88 $1.74 6.90
2 Bed - Min 910 $1,400 $1,695 $1,548 $1.54 $1.86 $1.70 8.98
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 910 $1,400 $1,695 $1,548 $1.54 $1.86 $1.70 8.98
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
FILLMORE CENTER
CITY San Francisco UNITS VACANT
# OF UNITS 1113 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 59 98 97 100 20
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
312 428 342 31 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED May-89 5.30% 8.81% 8.72% 8.98% 1.80%
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min 600 $ 695 $ 756 $ 726 $ 1.16 $ 1.26 $1.21 600 $ 775 $ 756 $ 766 $1.29 $1.26 $1.28 5.5134
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 600 $ 695 $ 756 $ 726 $ 1.16 $ 1.26 $1.21 600 $ 775 $ 756 $ 766 $1.29 $1.26 $1.28 5.5134
1 Bed - Min 780 $ 795 $1,100 $ 948 $ 1.02 $ 1.41 $1.21 780 $ 865 $1,040 $ 953 $1.11 $1.33 $1.22 0.5277
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 780 $ 795 $1,100 $ 948 $ 1.02 $ 1.41 $1.21 780 $ 865 $1,040 $ 953 $1.11 $1.33 $1.22 0.5277
2 Bed - Min 1100 $1,050 $1,400 $1,225 $ 0.95 $ 1.27 $1.11 1100 $1,210 $1,410 $1,310 $1.10 $1.28 $1.19 6.9388
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1100 $1,050 $1,400 $1,225 $ 0.95 $ 1.27 $1.11 1100 $1,210 $1,410 $1,310 $1.10 $1.28 $1.19 6.9388
3 Bed - Min 1200 $1,400 $1,400 $1,400 $ 1.17 $ 1.17 $1.17 1200 $1,400 $1,400 $1,400 $1.17 $1.17 $1.17 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1200 $1,400 $1,400 $1,400 $ 1.17 $ 1.17 $1.17 1200 $1,400 $1,400 $1,400 $1.17 $1.17 $1.17 0
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min 600 $ 750 $ 840 $ 795 $1.25 $1.40 $1.33 3.85 600 $ 800 $ 890 $ 845 $1.33 $1.48 $1.41 6.2893
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 600 $ 750 $ 840 $ 795 $1.25 $1.40 $1.33 3.85 600 $ 800 $ 890 $ 845 $1.33 $1.48 $1.41 6.2893
1 Bed - Min 780 $ 865 $1,050 $ 958 $1.11 $1.35 $1.23 0.52 780 $ 925 $1,100 $1,013 $1.19 $1.41 $1.30 5.7441
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 780 $ 865 $1,050 $ 958 $1.11 $1.35 $1.23 0.52 780 $ 925 $1,100 $1,013 $1.19 $1.41 $1.30 5.7441
2 Bed - Min 1100 $1,210 $1,525 $1,368 $1.10 $1.39 $1.24 4.39 1100 $1,285 $1,600 $1,443 $1.17 $1.45 $1.31 5.4845
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1100 $1,210 $1,525 $1,368 $1.10 $1.39 $1.24 4.39 1100 $1,285 $1,600 $1,443 $1.17 $1.45 $1.31 5.4845
3 Bed - Min 1200 $1,400 $1,420 $1,410 $1.17 $1.18 $1.18 0.71 1200 $1,600 $1,600 $1,600 $1.33 $1.33 $1.33 13.475
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1200 $1,400 $1,420 $1,410 $1.17 $1.18 $1.18 0.71 1200 $1,600 $1,600 $1,600 $1.33 $1.33 $1.33 13.475
- --------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- --------------------------------------------------------------------
Studio - Min 600 $ 830 $ 945 $ 888 $1.38 $1.58 $1.48 5.03
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 600 $ 830 $ 945 $ 888 $1.38 $1.58 $1.48 5.03
1 Bed - Min 780 $ 950 $1,265 $1,108 $1.22 $1.62 $1.42 9.38
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 780 $ 950 $1,265 $1,108 $1.22 $1.62 $1.42 9.38
2 Bed - Min 1100 $1,325 $1,700 $1,513 $1.20 $1.55 $1.38 4.85
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1100 $1,325 $1,700 $1,513 $1.20 $1.55 $1.38 4.85
3 Bed - Min 1200 $1,665 $1,680 $1,673 $1.39 $1.40 $1.39 4.53
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1200 $1,665 $1,680 $1,673 $1.39 $1.40 $1.39 4.53
FOX PLAZA
CITY San Francisco UNITS VACANT
# OF UNITS 446 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 64 74 28 3 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
300 96 50 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Aug-66 14.35% 16.59% 6.28% 0.67% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min 446 $ 655 $ 775 $ 715 $1.47 $1.74 $1.60 446 $ 655 $ 775 $ 715 $1.47 $1.74 $1.60 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 446 $ 655 $ 775 $ 715 $1.47 $1.74 $1.60 446 $ 655 $ 775 $ 715 $1.47 $1.74 $1.60 0
1 Bed - Min 671 $ 865 $1,100 $ 983 $1.29 $1.64 $1.46 671 $ 875 $1,170 $1,023 $1.30 $1.74 $1.52 4.0712
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 671 $ 865 $1,100 $ 983 $1.29 $1.64 $1.46 671 $ 875 $1,170 $1,023 $1.30 $1.74 $1.52 4.0712
2 Bed - Min 814 $1,170 $1,250 $1,210 $1.44 $1.54 $1.49 814 $1,170 $1,250 $1,210 $1.44 $1.54 $1.49 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 814 $1,170 $1,250 $1,210 $1.44 $1.54 $1.49 814 $1,170 $1,250 $1,210 $1.44 $1.54 $1.49 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min 446 $ 685 $ 875 $ 780 $1.54 $1.96 $1.75 9.09 446 $ 750 $ 890 $ 820 $1.68 $2.00 $1.84 5.1282
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 446 $ 685 $ 875 $ 780 $1.54 $1.96 $1.75 9.09 446 $ 750 $ 890 $ 820 $1.68 $2.00 $1.84 5.1282
1 Bed - Min 671 $ 930 $1,150 $1,040 $1.39 $1.71 $1.55 1.71 671 $ 910 $1,220 $1,065 $1.36 $1.82 $1.59 2.4038
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 671 $ 930 $1,150 $1,040 $1.39 $1.71 $1.55 1.71 671 $ 910 $1,220 $1,065 $1.36 $1.82 $1.59 2.4038
2 Bed - Min 814 $1,170 $1,250 $1,210 $1.44 $1.54 $1.49 0.00 814 $1,270 $1,350 $1,310 $1.56 $1.66 $1.61 8.2645
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 814 $1,170 $1,250 $1,210 $1.44 $1.54 $1.49 0.00 814 $1,270 $1,350 $1,310 $1.56 $1.66 $1.61 8.2645
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min 446 $ 795 $ 935 $ 865 $1.78 $2.10 $1.94 5.49
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 446 $ 795 $ 935 $ 865 $1.78 $2.10 $1.94 5.49
1 Bed - Min 671 $ 955 $1,265 $1,110 $1.42 $1.89 $1.65 4.23
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 671 $ 955 $1,265 $1,110 $1.42 $1.89 $1.65 4.23
2 Bed - Min 814 $1,315 $1,395 $1,355 $1.62 $1.71 $1.66 3.44
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 814 $1,315 $1,395 $1,355 $1.62 $1.71 $1.66 3.44
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
GOLDEN GATEWAY CENTER
CITY San Francisco UNITS VACANT
# OF UNITS 1254 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 18 9 29 10 10
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
391 530 297 36 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED May-65 1.44% 0.72% 2.31% 0.80% 0.80%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min 500 $ 775 $1,300 $1,038 $1.55 $2.60 $2.08 500 $ 825 $1,200 $1,013 $1.65 $2.40 $2.03 -2.4096
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 500 $ 775 $1,300 $1,038 $1.55 $2.60 $2.08 500 $ 825 $1,200 $1,013 $1.65 $2.40 $2.03 -2.4096
1 Bed - Min 700 $ 950 $1,800 $1,375 $1.36 $2.57 $1.96 700 $ 925 $1,900 $1,413 $1.32 $2.71 $2.02 2.72727
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $ 950 $1,800 $1,375 $1.36 $2.57 $1.96 700 $ 925 $1,900 $1,413 $1.32 $2.71 $2.02 2.72727
2 Bed - Min 900 $1,250 $2,300 $1,775 $1.39 $2.56 $1.97 900 $1,250 $2,300 $1,775 $1.39 $2.56 $1.97 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $1,250 $2,300 $1,775 $1.39 $2.56 $1.97 900 $1,250 $2,300 $1,775 $1.39 $2.56 $1.97 0
3 Bed - Min 1271 $2,250 $3,000 $2,625 $1.77 $2.36 $2.07 1271 $2,250 $3,000 $2,625 $1.77 $2.36 $2.07 0
Max 1500 $2,300 $3,000 $2,650 $1.53 $2.00 $1.77 1500 $2,300 $3,000 $2,650 $1.53 $2.00 $1.77 0
Average 1385.5 $2,275 $3,000 $2,638 $1.65 $2.18 $1.92 1385.5 $2,275 $3,000 $2,638 $1.65 $2.18 $1.92 0
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min 500 $ 900 $1,300 $1,100 $1.80 $2.60 $2.20 8.64 500 $ 950 $1,450 $1,200 $1.90 $2.90 $2.40 9.09091
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 500 $ 900 $1,300 $1,100 $1.80 $2.60 $2.20 8.64 500 $ 950 $1,450 $1,200 $1.90 $2.90 $2.40 9.09091
1 Bed - Min 700 $ 975 $1,950 $1,463 $1.39 $2.79 $2.09 3.54 700 $1,125 $2,250 $1,688 $1.61 $3.21 $2.41 15.3846
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $ 975 $1,950 $1,463 $1.39 $2.79 $2.09 3.54 700 $1,125 $2,250 $1,688 $1.61 $3.21 $2.41 15.3846
2 Bed - Min 900 $1,300 $2,350 $1,825 $1.44 $2.61 $2.03 2.82 900 $1,550 $2,100 $1,825 $1.72 $2.33 $2.03 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $1,300 $2,350 $1,825 $1.44 $2.61 $2.03 2.82 900 $1,550 $2,100 $1,825 $1.72 $2.33 $2.03 0
3 Bed - Min 1271 $2,300 $3,050 $2,675 $1.81 $2.40 $2.10 1.90 1271 $2,100 $3,050 $2,575 $1.65 $2.40 $2.03 -3.7383
Max 1500 $2,350 $3,050 $2,700 $1.57 $2.03 $1.80 1.89 1500 $2,600 $2,900 $2,750 $1.73 $1.93 $1.83 1.85185
Average 1385.5 $2,325 $3,050 $2,688 $1.69 $2.22 $1.95 1.90 1385.5 $2,350 $2,975 $2,663 $1.69 $2.17 $1.93 -0.9302
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min 500 $1,025 $1,595 $1,310 $2.05 $3.19 $2.62 9.17
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 500 $1,025 $1,595 $1,310 $2.05 $3.19 $2.62 9.17
1 Bed - Min 700 $1,250 $2,450 $1,850 $1.79 $3.50 $2.64 9.63
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 700 $1,250 $2,450 $1,850 $1.79 $3.50 $2.64 9.63
2 Bed - Min 900 $1,495 $3,000 $2,248 $1.66 $3.33 $2.50 23.15
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 900 $1,495 $3,000 $2,248 $1.66 $3.33 $2.50 23.15
3 Bed - Min 1271 $2,700 $3,800 $3,250 $2.12 $2.99 $2.56 26.21
Max 1500 $2,700 $3,800 $3,250 $1.80 $2.53 $2.17 18.18
Average 1385.5 $2,700 $3,800 $3,250 $1.96 $2.76 $2.36 22.07
OAKWOOD
CITY San Francisco UNITS VACANT
# OF UNITS 721 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 16 30 23 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
258 375 88 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Sep-86 2.22% 4.16% 3.19% 0.00% 0.00%
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min 510 $ 695 $ 710 $ 703 $ 1.36 $ 1.39 $ 1.38 510 $ 670 $ 710 $ 690 $1.31 $1.39 $1.35 -1.7794
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 510 $ 695 $ 710 $ 703 $ 1.36 $ 1.39 $ 1.38 510 $ 670 $ 710 $ 690 $1.31 $1.39 $1.35 -1.7794
1 Bed - Min 732 $ 740 $ 810 $ 775 $ 1.01 $ 1.11 $ 1.06 732 $ 760 $ 860 $ 810 $1.04 $1.17 $1.11 4.5161
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 732 $ 740 $ 810 $ 775 $ 1.01 $ 1.11 $ 1.06 732 $ 760 $ 860 $ 810 $1.04 $1.17 $1.11 4.5161
2 Bed - Min 900 $ 995 $1,045 $1,020 $ 1.11 $ 1.16 $ 1.13 900 $ 995 $1,045 $1,020 $1.11 $1.16 $1.13 0
Max 1075 $1,050 $1,255 $1,153 $ 0.98 $ 1.17 $ 1.07 1075 $1,095 $1,255 $1,175 $1.02 $1.17 $1.09 1.9523
Average 987.5 $1,023 $1,150 $1,086 $ 1.05 $ 1.16 $ 1.10 987.5 $1,045 $1,150 $1,098 $1.06 $1.16 $1.11 1.0357
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min 510 $ 670 $ 710 $ 690 $1.31 $1.39 $ 1.35 0 510 $ 690 $ 735 $ 713 $1.35 $1.44 $1.40 3.2609
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 510 $ 670 $ 710 $ 690 $1.31 $1.39 $ 1.35 0 510 $ 690 $ 735 $ 713 $1.35 $1.44 $1.40 3.2609
1 Bed - Min 732 $ 760 $ 860 $ 810 $1.04 $1.17 $ 1.11 0 732 $ 765 $ 880 $ 823 $1.05 $1.20 $1.12 1.5432
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 732 $ 760 $ 860 $ 810 $1.04 $1.17 $ 1.11 0 732 $ 765 $ 880 $ 823 $1.05 $1.20 $1.12 1.5432
2 Bed - Min 900 $ 995 $1,045 $1,020 $1.11 $1.16 $ 1.13 0 900 $1,005 $1,265 $1,135 $1.12 $1.41 $1.26 11.275
Max 1075 $1,095 $1,255 $1,175 $1.02 $1.17 $ 1.09 0 1075 $1,100 $1,265 $1,183 $1.02 $1.18 $1.10 0.6383
Average 987.5 $1,045 $1,150 $1,098 $1.06 $1.16 $ 1.11 0 987.5 $1,053 $1,265 $1,159 $1.07 $1.29 $1.18 5.5809
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------
Studio - Min 510 $ 780 $ 825 $ 803 $1.53 $1.62 $1.57 12.632
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 510 $ 780 $ 825 $ 803 $1.53 $1.62 $1.57 12.632
1 Bed - Min 732 $ 890 $ 990 $ 940 $1.22 $1.35 $1.28 14.286
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 732 $ 890 $ 990 $ 940 $1.22 $1.35 $1.28 14.286
2 Bed - Min 900 $1,200 $1,200 $1,200 $1.33 $1.33 $1.33 5.7269
Max 1075 $1,445 $1,445 $1,445 $1.34 $1.34 $1.34 22.199
Average 987.5 $1,323 $1,323 $1,323 $1.34 $1.34 $1.34 14.132
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
POST STREET TOWERS
CITY San Francisco UNITS VACANT
# OF UNITS 248 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 4 5 3 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
147 60 41 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Mar-88 1.61% 2.02% 1.21% 0.40% 0.00%
- ------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------------------------------
Studio - Min 345 $ 685 $ 810 $ 748 $1.99 $2.35 $2.17 345 $ 685 $ 810 $ 748 $1.99 $2.35 $2.17 0
Max 400 $ 685 $ 810 $ 748 $1.71 $2.03 $1.87 400 $ 685 $ 810 $ 748 $1.71 $2.03 $1.87 0
Average 372.5 $ 685 $ 810 $ 748 $1.85 $2.19 $2.02 372.5 $ 685 $ 810 $ 748 $1.85 $2.19 $2.02 0
1 Bed - Min 550 $ 830 $ 900 $ 865 $1.51 $1.64 $1.57 550 $ 865 $ 935 $ 900 $1.57 $1.70 $1.64 4.04624
Max 600 $ 965 $1,110 $1,038 $1.61 $1.85 $1.73 600 $ 965 $1,110 $1,038 $1.61 $1.85 $1.73 0
Average 575 $ 898 $1,005 $ 951 $1.56 $1.74 $1.65 575 $ 915 $1,023 $ 969 $1.59 $1.78 $1.68 1.83968
2 Bed - Min 690 $1,060 $1,210 $1,135 $1.54 $1.75 $1.64 690 $1,060 $1,210 $1,135 $1.54 $1.75 $1.64 0
Max 705 $1,210 $1,410 $1,310 $1.72 $2.00 $1.86 705 $1,210 $1,410 $1,310 $1.72 $2.00 $1.86 0
Average 697.5 $1,135 $1,310 $1,223 $1.63 $1.88 $1.75 697.5 $1,135 $1,310 $1,223 $1.63 $1.88 $1.75 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min 345 $ 735 $ 835 $ 785 $2.13 $2.42 $2.28 5.02 345 $ 745 $ 845 $ 795 $2.16 $2.45 $2.30 1.27389
Max 400 $ 735 $ 835 $ 785 $1.84 $2.09 $1.96 n/a 400 $ 745 $ 845 $ 795 $1.86 $2.11 $1.99 n/a
Average 372.5 $ 735 $ 835 $ 785 $1.98 $2.25 $2.12 5.02 372.5 $ 745 $ 845 $ 795 $2.01 $2.28 $2.15 1.27389
1 Bed - Min 550 $ 900 $ 965 $ 933 $1.64 $1.75 $1.70 3.61 550 $ 910 $ 975 $ 943 $1.65 $1.77 $1.71 1.07239
Max 600 $ 975 $1,120 $1,048 $1.63 $1.87 $1.75 n/a 600 $ 975 $1,120 $1,048 $1.63 $1.87 $1.75 n/a
Average 575 $ 938 $1,043 $ 990 $1.63 $1.81 $1.72 2.19 575 $ 943 $1,048 $ 995 $1.64 $1.82 $1.73 0.50505
2 Bed - Min 690 $1,135 $1,285 $1,210 $1.64 $1.86 $1.75 6.61 690 $1,135 $1,285 $1,210 $1.64 $1.86 $1.75 0
Max 705 $1,255 $1,455 $1,355 $1.78 $2.06 $1.92 n/a 705 $1,255 $1,455 $1,355 $1.78 $2.06 $1.92 n/a
Average 697.5 $1,195 $1,370 $1,283 $1.71 $1.96 $1.84 4.91 697.5 $1,195 $1,370 $1,283 $1.71 $1.96 $1.84 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -------------------------------------------------------------------
Studio - Min 345 $ 795 $ 895 $ 845 $2.30 $2.59 $2.45 6.29
Max 400 $ 795 $ 895 $ 845 $1.99 $2.24 $2.11 n/a
Average 372.5 $ 795 $ 895 $ 845 $2.15 $2.42 $2.28 6.29
1 Bed - Min 550 $ 940 $1,005 $ 973 $1.71 $1.83 $1.77 3.18
Max 600 $ 985 $1,130 $1,058 $1.64 $1.88 $1.76 n/a
Average 575 $ 963 $1,068 $1,015 $1.68 $1.86 $1.77 2.01
2 Bed - Min 690 $1,185 $1,310 $1,248 $1.72 $1.90 $1.81 3.10
Max 705 $1,255 $1,455 $1,355 $1.78 $2.06 $1.92 n/a
Average 697.5 $1,220 $1,383 $1,301 $1.75 $1.98 $1.86 1.46
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
POTRERO COURT
CITY San Francisco UNITS VACANT
# OF UNITS 132 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 10 3 6 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
12 60 40 20 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Aug-88 7.58% 2.27% 4.55% 0.00% 0.00%
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min 500 $ 745 $ 745 $ 745 $1.49 $1.49 $1.49 500 $ 745 $ 745 $ 745 $1.49 $1.49 $1.49 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 500 $ 745 $ 745 $ 745 $1.49 $1.49 $1.49 500 $ 745 $ 745 $ 745 $1.49 $1.49 $1.49 0
1 Bed - Min 650 $ 825 $ 825 $ 825 $1.27 $1.27 $1.27 650 $ 825 $ 825 $ 825 $1.27 $1.27 $1.27 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $ 825 $ 825 $ 825 $1.27 $1.27 $1.27 650 $ 825 $ 825 $ 825 $1.27 $1.27 $1.27 0
2 Bed - Min 875 $1,025 $1,025 $1,025 $1.17 $1.17 $1.17 875 $1,025 $1,025 $1,025 $1.17 $1.17 $1.17 0
Max 960 $1,140 $1,140 $1,140 $1.19 $1.19 $1.19 960 $1,140 $1,140 $1,140 $1.19 $1.19 $1.19 0
Average 917.5 $1,083 $1,083 $1,083 $1.18 $1.18 $1.18 917.5 $1,083 $1,083 $1,083 $1.18 $1.18 $1.18 0
3 Bed - Min 1125 $1,275 $1,275 $1,275 $1.13 $1.13 $1.13 1125 $1,275 $1,275 $1,275 $1.13 $1.13 $1.13 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1125 $1,275 $1,275 $1,275 $1.13 $1.13 $1.13 1125 $1,275 $1,275 $1,275 $1.13 $1.13 $1.13 0
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RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min 500 $ 725 $ 765 $ 745 $1.45 $1.53 $1.49 0.00 500 $ 765 $ 795 $ 780 $1.53 $1.59 $1.56 4.698
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 500 $ 725 $ 765 $ 745 $1.45 $1.53 $1.49 0.00 500 $ 765 $ 795 $ 780 $1.53 $1.59 $1.56 4.698
1 Bed - Min 650 $ 825 $ 825 $ 825 $1.27 $1.27 $1.27 0.00 650 $ 825 $ 875 $ 850 $1.27 $1.35 $1.31 3.0303
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $ 825 $ 825 $ 825 $1.27 $1.27 $1.27 0.00 650 $ 825 $ 875 $ 850 $1.27 $1.35 $1.31 3.0303
2 Bed - Min 875 $1,025 $1,025 $1,025 $1.17 $1.17 $1.17 0.00 875 $1,025 $1,075 $1,050 $1.17 $1.23 $1.20 2.439
Max 960 $1,160 $1,160 $1,160 $1.21 $1.21 $1.21 1.75 960 $1,160 $1,190 $1,175 $1.21 $1.24 $1.22 1.2931
Average 917.5 $1,093 $1,093 $1,093 $1.19 $1.19 $1.19 0.92 917.5 $1,093 $1,133 $1,113 $1.19 $1.23 $1.21 1.8307
3 Bed - Min 1125 $1,275 $1,275 $1,275 $1.13 $1.13 $1.13 0.00 1125 $1,275 $1,375 $1,325 $1.13 $1.22 $1.18 3.9216
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1125 $1,275 $1,275 $1,275 $1.13 $1.13 $1.13 0.00 1125 $1,275 $1,375 $1,325 $1.13 $1.22 $1.18 3.9216
- -------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -------------------------------------------------------------------
Studio - Min 500 $ 795 $ 795 $ 795 $1.59 $1.59 $1.59 1.92
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 500 $ 795 $ 795 $ 795 $1.59 $1.59 $1.59 1.92
1 Bed - Min 650 $ 915 $ 915 $ 915 $1.41 $1.41 $1.41 7.65
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $ 915 $ 915 $ 915 $1.41 $1.41 $1.41 7.65
2 Bed - Min 875 $1,115 $1,115 $1,115 $1.27 $1.27 $1.27 6.19
Max 960 $1,115 $1,115 $1,115 $1.16 $1.16 $1.16 -5.11
Average 917.5 $1,115 $1,115 $1,115 $1.22 $1.22 $1.22 0.22
3 Bed - Min 1125 $1,370 $1,370 $1,370 $1.22 $1.22 $1.22 3.40
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1125 $1,370 $1,370 $1,370 $1.22 $1.22 $1.22 3.40
RINCON TOWERS
CITY San Francisco UNITS VACANT
# OF UNITS 320 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 5 11 5 3
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
120 100 100 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED May-89 0.00% 1.56% 3.44% 1.56% 0.94%
- -------------------------------------------------------------------------------------------------------------------------
RENT JUL-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min 415 $ 750 $1,050 $ 900 $1.81 $2.53 $2.17 415 $ 786 $1,050 $ 918 $1.89 $2.53 $2.21 2.000
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 415 $ 750 $1,050 $ 900 $1.81 $2.53 $2.17 415 $ 786 $1,050 $ 918 $1.89 $2.53 $2.21 2.000
1 Bed - Min 650 $ 995 $2,100 $1,548 $1.53 $3.23 $2.38 650 $ 899 $2,100 $1,500 $1.38 $3.23 $2.31 -3.102
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $ 995 $2,100 $1,548 $1.53 $3.23 $2.38 650 $ 899 $2,100 $1,500 $1.38 $3.23 $2.31 -3.102
2 Bed - Min 799 $1,400 $1,700 $1,550 $1.75 $2.13 $1.94 799 $1,123 $1,700 $1,412 $1.41 $2.13 $1.77 -8.935
Max 880 $1,250 $1,700 $1,475 $1.42 $1.93 $1.68 880 $1,011 $1,850 $1,431 $1.15 $2.10 $1.63 -3.017
Average 839.5 $1,325 $1,700 $1,513 $1.59 $2.03 $1.81 839.5 $1,067 $1,775 $1,421 $1.28 $2.11 $1.70 -6.050
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min 415 $ 802 $1,050 $ 926 $1.93 $2.53 $2.23 0.87 415 $ 950 $1,050 $1,000 $2.29 $2.53 $2.41 7.991
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 415 $ 802 $1,050 $ 926 $1.93 $2.53 $2.23 0.87 415 $ 950 $1,050 $1,000 $2.29 $2.53 $2.41 7.991
1 Bed - Min 650 $ 917 $1,550 $1,234 $1.41 $2.38 $1.90 -17.74 650 $1,100 $2,000 $1,550 $1.69 $3.08 $2.38 25.659
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $ 917 $1,550 $1,234 $1.41 $2.38 $1.90 -17.74 650 $1,100 $2,000 $1,550 $1.69 $3.08 $2.38 25.659
2 Bed - Min 779 $1,147 $2,400 $1,774 $1.47 $3.08 $2.28 25.65 779 $1,500 $3,000 $2,250 $1.93 $3.85 $2.89 26.868
Max 880 $1,032 $2,400 $1,716 $1.17 $2.73 $1.95 19.96 880 $1,500 $3,000 $2,250 $1.70 $3.41 $2.56 31.119
Average 829.5 $1,090 $2,400 $1,745 $1.32 $2.90 $2.11 22.78 829.5 $1,500 $3,000 $2,250 $1.82 $3.63 $2.72 28.958
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min 415 $1,350 $1,950 $1,650 $3.25 $4.70 $3.98 65.00
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 415 $1,350 $1,950 $1,650 $3.25 $4.70 $3.98 65.00
1 Bed - Min 650 $1,550 $3,000 $2,275 $2.38 $4.62 $3.50 46.77
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $1,550 $3,000 $2,275 $2.38 $4.62 $3.50 46.77
2 Bed - Min 779 $1,650 $4,000 $2,825 $2.12 $5.13 $3.63 25.56
Max 880 $1,650 $4,000 $2,825 $1.88 $4.55 $3.21 25.56
Average 829.5 $1,650 $4,000 $2,825 $2.00 $4.84 $3.42 25.56
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
ST. FRANCIS PLACE
CITY San Francisco UNITS VACANT
# OF UNITS 410 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 4 16 10 12 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
40 244 124 2 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED May-85 0.98% 3.90% 2.44% 2.93% 0.00%
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min 533 $ 760 $ 885 $ 823 $1.43 $1.66 $1.54 533 $ 806 $ 938 $ 872 $1.51 $1.76 $1.64 6.0182
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 533 $ 760 $ 885 $ 823 $1.43 $1.66 $1.54 533 $ 806 $ 938 $ 872 $1.51 $1.76 $1.64 6.0182
1 Bed - Min 564 $ 845 $ 885 $ 865 $1.50 $1.57 $1.53 564 $ 845 $ 905 $ 875 $1.50 $1.60 $1.55 1.1561
Max 725 $ 869 $1,132 $1,001 $1.20 $1.56 $1.38 725 $ 895 $1,168 $1,032 $1.23 $1.61 $1.42 3.0985
Average 644.5 $ 857 $1,009 $ 933 $1.35 $1.57 $1.46 644.5 $ 870 $1,037 $ 953 $1.37 $1.61 $1.49 2.1978
2 Bed - Min 1044 $1,086 $1,532 $1,309 $1.04 $1.47 $1.25 1044 $1,095 $1,532 $1,314 $1.05 $1.47 $1.26 0.3438
Max 1133 $1,086 $1,552 $1,319 $0.96 $1.37 $1.16 1133 $1,095 $1,552 $1,324 $0.97 $1.37 $1.17 0.3412
Average 1088.5 $1,086 $1,542 $1,314 $1.00 $1.42 $1.21 1088.5 $1,095 $1,542 $1,319 $1.01 $1.42 $1.21 0.3425
3 Bed - Min 1429 $1,909 $1,950 $1,930 $1.34 $1.36 $1.35 1429 $1,909 $1,950 $1,930 $1.34 $1.36 $1.35 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1429 $1,909 $1,950 $1,930 $1.34 $1.36 $1.35 1429 $1,909 $1,950 $1,930 $1.34 $1.36 $1.35 0
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min 533 $ 820 $ 960 $ 890 $1.54 $1.80 $1.67 2.06 533 $ 925 $ 999 $ 962 $1.74 $1.87 $1.80 8.0899
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 533 $ 820 $ 960 $ 890 $1.54 $1.80 $1.67 2.06 533 $ 925 $ 999 $ 962 $1.74 $1.87 $1.80 8.0899
1 Bed - Min 564 $ 895 $ 975 $ 935 $1.59 $1.73 $1.66 6.86 564 $ 960 $1,010 $ 985 $1.70 $1.79 $1.75 5.3476
Max 725 $ 895 $1,195 $1,045 $1.23 $1.65 $1.44 1.31 725 $1,045 $1,225 $1,135 $1.44 $1.69 $1.57 8.6124
Average 644.5 $ 895 $1,085 $ 990 $1.41 $1.69 $1.55 3.86 644.5 $1,003 $1,118 $1,060 $1.57 $1.74 $1.66 7.0707
2 Bed - Min 1044 $1,115 $1,575 $1,345 $1.07 $1.51 $1.29 2.40 1044 $1,475 $1,615 $1,545 $1.41 $1.55 $1.48 14.87
Max 1133 $1,520 $1,590 $1,555 $1.34 $1.40 $1.37 17.49 1133 $1,625 $1,675 $1,650 $1.43 $1.48 $1.46 6.1093
Average 1088.5 $1,318 $1,583 $1,450 $1.20 $1.46 $1.33 9.97 1088.5 $1,550 $1,645 $1,598 $1.42 $1.51 $1.47 10.172
3 Bed - Min 1429 $1,960 $1,999 $1,980 $1.37 $1.40 $1.39 2.59 1429 $1,960 $2,150 $2,055 $1.37 $1.50 $1.44 3.8141
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 1429 $1,960 $1,999 $1,980 $1.37 $1.40 $1.39 2.59 1429 $1,960 $2,150 $2,055 $1.37 $1.50 $1.44 3.8141
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RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min 533 $1,055 $1,094 $1,075 $1.98 $2.05 $2.02 11.69
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 533 $1,055 $1,094 $1,075 $1.98 $2.05 $2.02 11.69
1 Bed - Min 564 $1,155 $1,155 $1,155 $2.05 $2.05 $2.05 17.26
Max 725 $1,450 $1,450 $1,450 $2.00 $2.00 $2.00 27.75
Average 644.5 $1,303 $1,303 $1,303 $2.02 $2.02 $2.02 22.88
2 Bed - Min 1044 $1,675 $1,675 $1,675 $1.60 $1.60 $1.60 8.41
Max 1133 $1,825 $1,825 $1,825 $1.61 $1.61 $1.61 10.61
Average 1088.5 $1,750 $1,750 $1,750 $1.61 $1.61 $1.61 9.55
3 Bed - Min 1429 $2,390 $2,390 $2,390 $1.67 $1.67 $1.67 16.30
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1429 $2,390 $2,390 $2,390 $1.67 $1.67 $1.67 16.30
SOUTH BEACH MARINA
CITY San Francisco UNITS VACANT
# OF UNITS 414 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 10 9 12 5 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
204 210 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Aug-88 2.42% 2.17% 2.90% 1.21% 0.00%
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 650 $ 925 $ 925 $ 925 $1.42 $1.42 $1.42 650 $1,050 $1,500 $1,275 $1.62 $2.31 $1.96 37.838
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $ 925 $ 925 $ 925 $1.42 $1.42 $1.42 650 $1,050 $1,500 $1,275 $1.62 $2.31 $1.96 37.838
2 Bed - Min 913 $1,050 $1,500 $1,275 $1.15 $1.64 $1.40 913 $1,350 $1,800 $1,575 $1.48 $1.97 $1.73 23.529
Max 1029 $1,350 $2,150 $1,750 $1.31 $2.09 $1.70 1029 $1,500 $2,150 $1,825 $1.46 $2.09 $1.77 4.2857
Average 971 $1,200 $1,825 $1,513 $1.23 $1.87 $1.55 971 $1,425 $1,975 $1,700 $1.47 $2.03 $1.75 12.397
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 650 $1,050 $1,550 $1,300 $1.62 $2.38 $2.00 1.96 650 $1,100 $1,600 $1,350 $1.69 $2.46 $2.08 3.8462
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $1,050 $1,550 $1,300 $1.62 $2.38 $2.00 1.96 650 $1,100 $1,600 $1,350 $1.69 $2.46 $2.08 3.8462
2 Bed - Min 913 $1,350 $1,850 $1,600 $1.48 $2.03 $1.75 1.59 913 $1,500 $2,200 $1,850 $1.64 $2.41 $2.03 15.6250
Max 1029 $1,500 $2,200 $1,850 $1.46 $2.14 $1.80 1.37 1029 $1,500 $2,250 $1,875 $1.46 $2.19 $1.82 1.3514
Average 971 $1,425 $2,025 $1,725 $1.47 $2.08 $1.78 1.47 971 $1,500 $2,225 $1,863 $1.55 $2.30 $1.92 7.9710
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 650 $1,100 $1,600 $1,350 $1.69 $2.46 $2.08 0.00
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 650 $1,100 $1,600 $1,350 $1.69 $2.46 $2.08 0.00
2 Bed - Min 913 $1,500 $2,200 $1,850 $1.64 $2.41 $2.03 0.00
Max 1029 $1,500 $2,220 $1,860 $1.46 $2.16 $1.81 -0.80
Average 971 $1,500 $2,210 $1,855 $1.55 $2.28 $1.92 -0.40
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
VILLAGE SQUARE
CITY San Francisco UNITS VACANT
# OF UNITS 154 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 1 2 6 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
90 49 15 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Feb-72 0.65% 1.30% 3.90% 0.65% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 615 $ 885 $1,075 $ 980 $1.44 $1.75 $1.59 615 $ 885 $1,075 $ 980 $1.44 $1.75 $1.59 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 615 $ 885 $1,075 $ 980 $1.44 $1.75 $1.59 615 $ 885 $1,075 $ 980 $1.44 $1.75 $1.59 0
2 Bed - Min 995 $1,175 $1,520 $1,348 $1.18 $1.53 $1.35 995 $1,175 $1,520 $1,348 $1.18 $1.53 $1.35 0
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 995 $1,175 $1,520 $1,348 $1.18 $1.53 $1.35 995 $1,175 $1,520 $1,348 $1.18 $1.53 $1.35 0
3 Bed - Min 1254 $1,475 $1,845 $1,660 $1.18 $1.47 $1.32 1254 $1,475 $1,845 $1,660 $1.18 $1.47 $1.32 0
Max 1265 $1,475 $1,845 $1,660 $1.17 $1.46 $1.31 1265 $1,475 $1,845 $1,660 $1.17 $1.46 $1.31 0
Average 1259.5 $1,475 $1,845 $1,660 $1.17 $1.46 $1.32 1259.5 $1,475 $1,845 $1,660 $1.17 $1.46 $1.32 0
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 615 $ 910 $1,125 $1,018 $1.48 $1.83 $1.65 3.8265 615 $ 960 $1,175 $1,068 $1.56 $1.91 $1.74 4.914
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 615 $ 910 $1,125 $1,018 $1.48 $1.83 $1.65 3.8265 615 $ 960 $1,175 $1,068 $1.56 $1.91 $1.74 4.914
2 Bed - Min 995 $1,200 $1,570 $1,385 $1.21 $1.58 $1.39 2.7829 995 $1,250 $1,620 $1,435 $1.26 $1.63 $1.44 3.6101
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 995 $1,200 $1,570 $1,385 $1.21 $1.58 $1.39 2.7829 995 $1,250 $1,620 $1,435 $1.26 $1.63 $1.44 3.6101
3 Bed - Min 1254 $1,500 $1,870 $1,685 $1.20 $1.49 $1.34 1.506 1254 $1,550 $1,920 $1,735 $1.24 $1.53 $1.38 2.9674
Max 1265 $1,500 $1,870 $1,685 $1.19 $1.48 $1.33 1.506 1265 $1,525 $1,895 $1,710 $1.21 $1.50 $1.35 1.4837
Average 1259.5 $1,500 $1,870 $1,685 $1.19 $1.48 $1.34 1.506 1259.5 $1,538 $1,908 $1,723 $1.22 $1.51 $1.37 2.2255
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 615 $1,060 $1,275 $1,168 $1.72 $2.07 $1.90 9.3677
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 615 $1,060 $1,275 $1,168 $1.72 $2.07 $1.90 9.3677
2 Bed - Min 995 $1,400 $1,770 $1,585 $1.41 $1.78 $1.59 10.453
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 995 $1,400 $1,770 $1,585 $1.41 $1.78 $1.59 10.453
3 Bed - Min 1254 $1,700 $1,700 $1,700 $1.36 $1.36 $1.36 -2.017
Max 1265 $2,070 $2,070 $2,070 $1.64 $1.64 $1.64 21.053
Average 1259.5 $1,885 $1,885 $1,885 $1.50 $1.50 $1.50 9.434
BEACH COVE
CITY Foster City
# OF UNITS 416
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
40 216 160
DATE OPENED Jun-73
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
24 20 10 9 5
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
5.77% 4.81% 2.40% 2.16% 1.20%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min 520 $ 795 $ 805 $ 800 $1.53 $1.55 $ 1.54
Max n/a n/a n/a n/a n/a n/a n/a
Average 520 $ 795 $ 805 $ 800 $1.53 $1.55 $ 1.54
1 Bed - Min 667 $ 830 $ 945 $ 888 $1.24 $1.42 $ 1.33
Max 687 $ 850 $ 860 $ 855 $1.24 $1.25 $ 1.24
Average 677 $ 840 $ 903 $ 871 $1.24 $1.33 $ 1.29
2 Bed - Min 869 $ 995 $ 995 $ 995 $1.14 $1.14 $ 1.14
Max 958 $1,085 $1,195 $1,140 $1.13 $1.25 $ 1.19
Average 913.5 $1,040 $1,095 $1,068 $1.14 $1.20 $ 1.17
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min 520 $ 795 $ 805 $ 800 $1.53 $1.55 $1.54 0
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 520 $ 795 $ 805 $ 800 $1.53 $1.55 $1.54 0
1 Bed - Min 667 $ 830 $ 925 $ 878 $1.24 $1.39 $1.32 -1.1268
Max 687 $ 850 $ 860 $ 855 $1.24 $1.25 $1.24 0
Average 677 $ 840 $ 893 $ 866 $1.24 $1.32 $1.28 -0.5739
2 Bed - Min 869 $ 995 $1,125 $1,060 $1.14 $1.29 $1.22 6.5327
Max 958 $1,085 $1,195 $1,140 $1.13 $1.25 $1.19 0
Average 913.5 $1,040 $1,160 $1,100 $1.14 $1.27 $1.20 3.0445
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min 520 $ 810 $ 820 $ 815 $1.56 $1.58 $ 1.57 1.88
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 520 $ 810 $ 820 $ 815 $1.56 $1.58 $ 1.57 1.88
1 Bed - Min 667 $ 855 $ 970 $ 913 $1.28 $1.45 $ 1.37 3.99
Max 687 $ 875 $ 875 $ 875 $1.27 $1.27 $ 1.27 2.34
Average 677 $ 865 $ 923 $ 894 $1.28 $1.36 $ 1.32 3.17
2 Bed - Min 869 $1,020 $1,150 $1,085 $1.17 $1.32 $ 1.25 2.36
Max 958 $1,110 $1,230 $1,170 $1.16 $1.28 $ 1.22 2.63
Average 913.5 $1,065 $1,190 $1,128 $1.17 $1.30 $ 1.23 2.50
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min 520 $ 905 $ 915 $ 910 $1.74 $1.76 $ 1.75 11.6564
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 520 $ 905 $ 915 $ 910 $1.74 $1.76 $ 1.75 11.6564
1 Bed - Min 667 $ 955 $1,040 $ 998 $1.43 $1.56 $ 1.50 9.3151
Max 687 $ 920 $ 925 $ 923 $1.34 $1.35 $ 1.34 5.4286
Average 677 $ 938 $ 983 $ 960 $1.39 $1.45 $ 1.42 7.4126
2 Bed - Min 869 $1,080 $1,295 $1,188 $1.24 $1.49 $ 1.37 9.4470
Max 958 $1,195 $1,300 $1,248 $1.25 $1.36 $ 1.30 6.6239
Average 913.5 $1,138 $1,298 $1,218 $1.25 $1.42 $ 1.33 7.9823
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min 520 $1,005 $1,015 $1,010 $1.93 $1.95 $1.94 10.99
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 520 $1,005 $1,015 $1,010 $1.93 $1.95 $1.94 10.99
1 Bed - Min 667 $1,065 $1,175 $1,120 $1.60 $1.76 $1.68 12.28
Max 687 $1,130 $1,140 $1,135 $1.64 $1.66 $1.65 23.04
Average 677 $1,098 $1,158 $1,128 $1.62 $1.71 $1.67 17.45
2 Bed - Min 869 $1,315 $1,325 $1,320 $1.51 $1.52 $1.52 11.16
Max 958 $1,335 $1,455 $1,395 $1.39 $1.52 $1.46 11.82
Average 913.5 $1,325 $1,390 $1,358 $1.45 $1.52 $1.49 11.50
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
CREEKSIDE
CITY San Mateo
# OF UNITS 192
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
104 88
DATE OPENED Sep-85
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
17 11 5 3 3
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
8.85% 5.73% 2.60% 1.56% 1.56%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 600 $ 800 $ 800 $ 800 $1.33 $1.33 $1.33
Max 712 $ 890 $ 890 $ 890 $1.25 $1.25 $1.25
Average 656 $ 845 $ 845 $ 845 $1.29 $1.29 $1.29
2 Bed - Min 808 $ 970 $ 970 $ 970 $1.20 $1.20 $1.20
Max 875 $1,020 $1,030 $1,025 $1.17 $1.18 $1.17
Average 841.5 $ 995 $1,000 $ 998 $0.99 $1.19 $1.19
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 600 $ 800 $ 800 $ 800 $1.33 $1.33 $ 1.33 0
Max 712 $ 890 $ 890 $ 890 $1.25 $1.25 $ 1.25 0
Average 656 $ 845 $ 845 $ 845 $1.29 $1.29 $ 1.29 0
2 Bed - Min 808 $ 970 $ 970 $ 970 $1.20 $1.20 $ 1.20 0
Max 875 $1,020 $1,030 $1,025 $1.17 $1.18 $ 1.17 0
Average 841.5 $ 995 $1,000 $ 998 $0.99 $1.19 $ 1.19 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 600 $ 820 $ 820 $ 820 $1.37 $1.37 $1.37 2.50
Max 712 $ 910 $ 910 $ 910 $1.28 $1.28 $1.28 2.25
Average 656 $ 865 $ 865 $ 865 $1.32 $1.32 $1.32 2.37
2 Bed - Min 808 $ 995 $ 995 $ 995 $1.23 $1.23 $1.23 2.58
Max 875 $1,050 $1,060 $1,055 $1.20 $1.21 $1.21 2.93
Average 841.5 $1,023 $1,028 $1,025 $0.99 $1.22 $1.22 2.76
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 600 $ 830 $ 830 $ 830 $1.38 $1.38 $1.38 1.21951
Max 712 $ 920 $ 920 $ 920 $1.29 $1.29 $1.29 1.0989
Average 656 $ 875 $ 875 $ 875 $1.34 $1.34 $1.34 1.15607
2 Bed - Min 808 $1,010 $1,010 $1,010 $1.25 $1.25 $1.25 1.50754
Max 875 $1,070 $1,070 $1,070 $1.22 $1.22 $1.22 1.4218
Average 841.5 $1,040 $1,040 $1,040 $1.24 $1.24 $1.24 1.46341
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 600 $ 917 $ 957 $ 937 $1.53 $1.60 $1.56 12.89
Max 712 $1,013 $1,103 $1,058 $1.42 $1.55 $1.49 15.00
Average 656 $ 965 $1,030 $ 998 $1.48 $1.57 $1.52 14.00
2 Bed - Min 808 $1,123 $1,203 $1,163 $1.39 $1.49 $1.44 15.15
Max 875 $1,223 $1,313 $1,268 $1.40 $1.50 $1.45 18.50
Average 841.5 $1,173 $1,258 $1,216 $0.99 $1.49 $1.44 16.88
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
EVERGREEN RIDGE
CITY San Bruno
# OF UNITS 190
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
76 114
DATE OPENED Jan-73
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
n/a 2 11 3 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
n/a 1.05% 5.79% 1.58% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
2 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 690 $ 775 $ 800 $ 788 $1.12 $1.16 $1.14
Max 697 $ 725 $ 800 $ 763 $1.04 $1.15 $1.09
Average 693.5 $ 750 $ 800 $ 775 $1.08 $1.15 $1.12
2 Bed - Min 830 $ 830 $ 860 $ 845 $1.00 $1.04 $1.02
Max 1050 $1,065 $1,100 $1,083 $1.01 $1.05 $1.03
Average 940 $ 948 $ 980 $ 964 $0.99 $1.04 $1.02
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 690 $ 775 $ 800 $ 788 $1.12 $1.16 $1.14 0.00
Max 697 $ 750 $ 800 $ 775 $1.08 $1.15 $1.11 1.64
Average 693.5 $ 763 $ 800 $ 781 $1.10 $1.15 $1.13 0.81
2 Bed - Min 830 $ 850 $ 880 $ 865 $1.02 $1.06 $1.04 2.37
Max 1050 $1,065 $1,100 $1,083 $1.01 $1.05 $1.03 0.00
Average 940 $ 958 $ 990 $ 974 $0.99 $1.05 $1.04 1.04
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 690 $ 780 $ 800 $ 790 $1.13 $1.16 $1.14 0.31746
Max 697 $ 925 $ 950 $ 938 $1.33 $1.36 $1.35 20.9677
Average 693.5 $ 853 $ 875 $ 864 $1.23 $1.26 $1.24 10.56
2 Bed - Min 830 $ 850 $ 880 $ 865 $1.02 $1.06 $1.04 0
Max 1050 $1,065 $1,160 $1,113 $1.01 $1.10 $1.06 2.77136
Average 940 $ 958 $1,020 $ 989 $1.02 $1.08 $1.05 1.54044
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 690 $ 825 $ 825 $ 825 $1.20 $1.20 $1.20 4.43
Max 697 $ 925 $ 950 $ 938 $1.33 $1.36 $1.35 0.00
Average 693.5 $ 875 $ 888 $ 881 $1.26 $1.28 $1.27 2.03
2 Bed - Min 830 $ 900 $ 975 $ 938 $1.08 $1.17 $1.13 8.38
Max 1050 $1,300 $1,350 $1,325 $1.24 $1.29 $1.26 19.10
Average 940 $1,100 $1,163 $1,131 $0.99 $1.23 $1.20 14.41
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
FAIRMONT, THE
CITY Pacifica
# OF UNITS 100
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
56 44
DATE OPENED Jan-67
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
n/a 1 7 0 2
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
n/a 1.00% 7.00% 0.00% 2.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
2 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 649 $725 $750 $738 $1.12 $1.16 $1.14
Max 680 $725 $750 $738 $1.07 $1.10 $1.08
Average 664.5 $725 $750 $738 $1.09 $1.13 $1.11
2 Bed - Min 861 $850 $870 $860 $0.99 $1.01 $1.00
Max 1000 $950 $975 $963 $0.95 $0.98 $0.96
Average 930.5 $900 $923 $911 $0.99 $0.99 $0.98
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 649 $725 $750 $738 $1.12 $1.16 $1.14 0.00
Max 680 $725 $750 $738 $1.07 $1.10 $1.08 0.00
Average 664.5 $725 $750 $738 $1.09 $1.13 $1.11 0.00
2 Bed - Min 861 $850 $870 $860 $0.99 $1.01 $1.00 0.00
Max 1000 $950 $975 $963 $0.95 $0.98 $0.96 0.00
Average 930.5 $900 $923 $911 $0.99 $0.99 $0.98 0.00
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 649 $750 $765 $758 $1.16 $1.18 $1.17 2.71186
Max 680 $725 $750 $738 $1.07 $1.10 $1.08 0
Average 664.5 $738 $758 $748 $1.11 $1.14 $1.13 1.35593
2 Bed - Min 861 $850 $870 $860 $0.99 $1.01 $1.00 0
Max 1000 $950 $975 $963 $0.95 $0.98 $0.96 0
Average 930.5 $900 $923 $911 $0.99 $0.99 $0.98 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 649 $ 775 $ 845 $ 810 $1.19 $1.30 $1.25 6.93
Max 680 $ 775 $ 845 $ 810 $1.14 $1.24 $1.19 9.83
Average 664.5 $ 775 $ 845 $ 810 $1.17 $1.27 $1.22 8.36
2 Bed - Min 861 $ 950 $1,020 $ 985 $1.10 $1.18 $1.14 14.53
Max 1000 $1,050 $1,120 $1,085 $1.05 $1.12 $1.09 12.73
Average 930.5 $1,000 $1,070 $1,035 $0.99 $1.15 $1.11 13.58
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
FOSTER'S LANDING
CITY Foster City
# OF UNITS 490
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
252 238
DATE OPENED Feb-87
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
19 16 11 10 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
3.88% 3.27% 2.24% 2.04% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 632 $ 930 $1,025 $ 978 $1.47 $1.62 $1.55
Max 900 $1,230 $1,300 $1,265 $1.37 $1.44 $1.41
Average 766 $1,080 $1,163 $1,121 $1.42 $1.53 $1.48
2 Bed - Min 900 $1,110 $1,210 $1,160 $1.23 $1.34 $1.29
Max 1100 $1,450 $1,475 $1,463 $1.32 $1.34 $1.33
Average 1000 $1,280 $1,343 $1,311 $0.99 $1.34 $1.31
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 632 $ 965 $1,030 $ 998 $1.53 $1.63 $1.58 2.04604
Max 900 $1,250 $1,320 $1,285 $1.39 $1.47 $1.43 1.58103
Average 766 $1,108 $1,175 $1,141 $1.46 $1.55 $1.50 1.78372
2 Bed - Min 900 $1,130 $1,250 $1,190 $1.26 $1.39 $1.32 2.58621
Max 1100 $1,465 $1,495 $1,480 $1.33 $1.36 $1.35 1.19658
Average 1000 $1,298 $1,373 $1,335 $0.99 $1.37 $1.33 1.81125
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 632 $ 995 $1,075 $1,035 $1.57 $1.70 $1.64 3.76
Max 900 $1,295 $1,365 $1,330 $1.44 $1.52 $1.48 3.50
Average 766 $1,145 $1,220 $1,183 $1.51 $1.61 $1.56 3.61
2 Bed - Min 900 $1,170 $1,295 $1,233 $1.30 $1.44 $1.37 3.57
Max 1100 $1,510 $1,540 $1,525 $1.37 $1.40 $1.39 3.04
Average 1000 $1,340 $1,418 $1,379 $0.99 $1.42 $1.38 3.28
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 632 $1,045 $1,110 $1,078 $1.65 $1.76 $1.70 4.10628
Max 900 $1,330 $1,400 $1,365 $1.48 $1.56 $1.52 2.63158
Average 766 $1,188 $1,255 $1,221 $1.57 $1.66 $1.61 3.27696
2 Bed - Min 900 $1,205 $1,330 $1,268 $1.34 $1.48 $1.41 2.83976
Max 1100 $1,545 $1,600 $1,573 $1.40 $1.45 $1.43 3.11475
Average 1000 $1,375 $1,465 $1,420 $1.37 $1.47 $1.42 2.99184
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 632 $1,195 $1,260 $1,228 $1.89 $1.99 $1.94 13.92
Max 900 $1,480 $1,550 $1,515 $1.64 $1.72 $1.68 10.99
Average 766 $1,338 $1,405 $1,371 $1.77 $1.86 $1.81 12.28
2 Bed - Min 900 $1,355 $1,580 $1,468 $1.51 $1.76 $1.63 15.78
Max 1100 $1,750 $1,775 $1,763 $1.59 $1.61 $1.60 12.08
Average 1000 $1,553 $1,678 $1,615 $0.99 $1.68 $1.62 13.73
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
FRANCISCAN, THE
CITY Foster City
# OF UNITS 122
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
36 70 16
DATE OPENED Jan-71
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
3 3 3 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.46% 2.46% 2.46% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 695 $ 770 $ 810 $ 790 $1.11 $1.17 $1.14
Max n/a n/a n/a n/a n/a n/a n/a
Average 695 $ 770 $ 810 $ 790 $1.11 $1.17 $1.14
2 Bed - Min 1027 $1,010 $1,050 $1,030 $0.98 $1.02 $1.00
Max n/a n/a n/a n/a n/a n/a n/a
Average 1027 $1,010 $1,050 $1,030 $0.99 $1.02 $1.00
3 Bed - Min 1380 $1,230 $1,270 $1,250 $0.89 $0.92 $0.91
Max n/a n/a n/a n/a n/a n/a n/a
Average 1380 $1,230 $1,270 $1,250 $0.89 $0.92 $0.91
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 695 $ 820 $ 860 $ 840 $1.18 $1.24 $1.21 6.32911
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 695 $ 820 $ 860 $ 840 $1.18 $1.24 $1.21 6.32911
2 Bed - Min 1027 $1,030 $1,080 $1,055 $1.00 $1.05 $1.03 2.42718
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1027 $1,030 $1,080 $1,055 $0.99 $1.05 $1.03 2.42718
3 Bed - Min 1380 $1,265 $1,280 $1,273 $0.92 $0.93 $0.92 1.8
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1380 $1,265 $1,280 $1,273 $0.92 $0.93 $0.92 1.8
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 695 $ 820 $ 860 $ 840 $1.18 $1.24 $1.21 0
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 695 $ 820 $ 860 $ 840 $1.18 $1.24 $1.21 0
2 Bed - Min 1027 $1,030 $1,080 $1,055 $1.00 $1.05 $1.03 0
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1027 $1,030 $1,080 $1,055 $0.99 $1.05 $1.03 0
3 Bed - Min 1380 $1,320 $1,360 $1,340 $0.96 $0.99 $0.97 5.30452
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1380 $1,320 $1,360 $1,340 $0.96 $0.99 $0.97 5.30452
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 695 $ 890 $ 920 $ 905 $1.28 $1.32 $ 1.30 7.73810
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 695 $ 890 $ 920 $ 905 $1.28 $1.32 $ 1.30 7.73810
2 Bed - Min 1027 $1,100 $1,170 $1,135 $1.07 $1.14 $ 1.11 7.58294
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1027 $1,100 $1,170 $1,135 $1.07 $1.14 $ 1.11 7.58294
3 Bed - Min 1380 $1,400 $1,400 $1,400 $1.01 $1.01 $ 1.01 4.47761
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1380 $1,400 $1,400 $1,400 $1.01 $1.01 $ 1.01 4.47761
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 695 $ 920 $ 945 $ 933 $1.32 $1.36 $ 1.34 3.03867
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 695 $ 920 $ 945 $ 933 $1.32 $1.36 $ 1.34 3.03867
2 Bed - Min 1027 $1,240 $1,280 $1,260 $1.21 $1.25 $ 1.23 11.01322
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1027 $1,240 $1,280 $1,260 $0.99 $1.25 $ 1.23 11.01322
3 Bed - Min 1380 $1,600 $1,650 $1,625 $1.16 $1.20 $ 1.18 16.07143
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1380 $1,600 $1,650 $1,625 $1.16 $1.20 $ 1.18 16.07143
================================================================================
HARBOR COVE
================================================================================
CITY Foster City
# OF UNITS 400
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
23 260 117
DATE OPENED Jun-82
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
14 8 11 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
3.50% 2.00% 2.75% 0.00% 0.00%
- -------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------
Studio - Min. 500 $735 $750 $743 $1.47 $1.50 $1.49
Max n/a n/a n/a n/a n/a n/a n/a
Average 500 $735 $750 $743 $1.47 $1.50 $1.49
1 Bed - Min 625 $800 $820 $810 $1.28 $1.31 $1.30
Max 780 $860 $910 $885 $1.10 $1.17 $1.13
Average 702.5 $830 $865 $848 $1.19 $1.24 $1.22
2 Bed - Min 780 $920 $950 $935 $1.18 $1.22 $1.20
Max 1020 $1,050 $1,175 $1,113 $1.03 $1.15 $1.09
Average 900 $985 $1,063 $1,024 $1.10 $1.18 $1.14
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------
Studio - Min. 500 $735 $750 $743 $1.47 $1.50 $1.49 0.00%
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 500 $735 $750 $743 $1.47 $1.50 $1.49 0.00%
1 Bed - Min 625 $800 $820 $810 $1.28 $1.31 $1.30 0.00%
Max 780 $860 $910 $885 $1.10 $1.17 $1.13 0.00%
Average 702.5 $830 $865 $848 $1.19 $1.24 $1.22 0.00%
2 Bed - Min 780 $920 $950 $935 $1.18 $1.22 $1.20 0.00%
Max 1020 $1,050 $1,175 $1,113 $1.03 $1.15 $1.09 0.00%
Average 900 $985 $1,063 $1,024 $1.10 $1.18 $1.14 0.00%
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------
500 $760 $790 $775 $1.52 $1.58 $1.55 4.38
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max 500 $760 $790 $775 $1.52 $1.58 $1.55 4.38
Average
625 $825 $845 $835 $1.32 $1.35 $1.34 3.09
1 Bed - Min 780 $860 $975 $918 $1.10 $1.25 $1.18 3.67
Max 702.5 $843 $910 $876 $1.21 $1.30 $1.26 3.39
Average
780 $985 $1,000 $993 $1.26 $1.28 $1.27 6.15
2 Bed - Min 1020 $1,075 $1,200 $1,138 $1.05 $1.18 $1.12 2.25
Max 900 $1,030 $1,100 $1,065 $1.16 $1.23 $1.19 4.03
Average
n/a n/a n/a n/a n/a n/a n/a n/a
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average
- ------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------
500 $760 $790 $775 $1.52 $1.58 $1.55 0.00
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max 500 $760 $790 $775 $1.52 $1.58 $1.55 0.00
Average
625 $825 $845 $835 $1.32 $1.35 $1.34 0.00
1 Bed - Min 780 $875 $975 $925 $1.12 $1.25 $1.19 0.82
Max 702.5 $850 $910 $880 $1.22 $1.30 $1.26 0.43
Average
780 $985 $1,000 $993 $1.26 $1.28 $1.27 0.00
2 Bed - Min 1020 $1,075 $1,200 $1,138 $1.05 $1.18 $1.12 0.00
Max 900 $1,030 $1,100 $1,065 $1.16 $1.23 $1.19 0.00
Average
n/a n/a n/a n/a n/a n/a n/a n/a
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average
- ---------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------
500 $760 $790 $775 $1.52 $1.58 $1.55 0.00
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max 500 $760 $790 $775 $1.52 $1.58 $1.55 0.00
Average
625 $950 $1,000 $975 $1.52 $1.60 $1.56 16.77
1 Bed - Min 780 $1,050 $1,100 $1,075 $1.35 $1.41 $1.38 16.22
Max 702.5 $1,000 $1,050 $1,025 $1.43 $1.51 $1.47 16.48
Average
780 $1,100 $1,150 $1,125 $1.41 $1.47 $1.44 13.35
2 Bed - Min 1020 $1,300 $1,450 $1,375 $1.27 $1.42 $1.35 20.88
Max 900 $1,200 $1,300 $1,250 $1.34 $1.45 $1.40 17.37
Average
n/a n/a n/a n/a n/a n/a n/a n/a
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average
================================================================================
HARBORSIDE
================================================================================
CITY RedwoodCity
# OF UNITS 148
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
72 76
DATE OPENED Jan-89
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
9 3 5 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
6.08% 2.03% 3.38% 0.00% 0.00%
- ----------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 630 $925 $1,075 $1,000 $1.47 $1.71 $1.59
Max 730 $1,050 $1,150 $1,100 $1.44 $1.58 $1.51
Average 680 $988 $1,113 $1,050 $1.45 $1.64 $1.55
2 Bed - Min 820 $1,075 $1,275 $1,175 $1.31 $1.55 $1.43
Max 1000 $1,275 $1,475 $1,375 $1.28 $1.48 $1.38
Average 910 $1,175 $1,375 $1,275 $0.99 $1.51 $1.40
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 630 $950 $1,075 $1,013 $1.51 $1.71 $1.61 1.2500
Max 730 $1,060 $1,160 $1,110 $1.45 $1.59 $1.52 0.9091
Average 680 $1,005 $1,118 $1,061 $1.48 $1.65 $1.56 1.0714
2 Bed - Min 820 $1,085 $1,285 $1,185 $1.32 $1.57 $1.45 0.8511
Max 1000 $1,285 $1,475 $1,380 $1.29 $1.48 $1.38 0.3636
Average 910 $1,185 $1,380 $1,283 $0.99 $1.52 $1.41 0.5882
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 630 $1,020 $1,135 $1,078 $1.62 $1.80 $1.71 6.42
Max 730 $1,100 $1,200 $1,150 $1.51 $1.64 $1.58 3.60
Average 680 $1,060 $1,168 $1,114 $1.56 $1.72 $1.64 4.95
2 Bed - Min 820 $1,150 $1,350 $1,250 $1.40 $1.65 $1.52 5.49
Max 1000 $1,325 $1,525 $1,425 $1.33 $1.53 $1.43 3.26
Average 910 $1,238 $1,438 $1,338 $0.99 $1.59 $1.47 4.29
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 630 $1,075 $1,190 $1,133 $1.71 $1.89 $1.80 5.1044
Max 730 $1,100 $1,200 $1,150 $1.51 $1.64 $1.58 0.0000
Average 680 $1,155 $1,255 $1,141 $1.61 $1.77 $1.69 2.4691
2 Bed - Min 820 $1,205 $1,405 $1,305 $1.47 $1.71 $1.59 4.4000
Max 1000 $1,380 $1,580 $1,480 $1.38 $1.58 $1.48 3.8596
Average 910 $1,293 $1,493 $1,393 $1.42 $1.65 $1.54 4.1121
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 630 $1,230 $1,345 $1,288 $1.95 $2.13 $2.04 13.69
Max 730 $1,310 $1,410 $1,360 $1.79 $1.93 $1.86 18.26
Average 680 $1,270 $1,378 $1,324 $1.87 $2.03 $1.95 15.99
2 Bed - Min 820 $1,360 $1,560 $1,460 $1.66 $1.90 $1.78 11.88
Max 1000 $1,535 $1,735 $1,635 $1.54 $1.74 $1.64 10.47
Average 910 $1,448 $1,648 $1,548 $0.99 $1.82 $1.71 11.13
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
INDIAN CREEK
================================================================================
CITY Redwood Shores
# OF UNITS 185
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
84 101
DATE OPENED Mar-90
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
4 5 4 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.16% 2.70% 2.16% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 679 $985 $1,135 $1,060 $1.45 $1.67 $1.56
Max 746 $1,030 $1,180 $1,105 $1.38 $1.58 $1.48
Average 712.5 $1,008 $1,158 $1,083 $1.42 $1.63 $1.52
2 Bed - Min 976 $1,280 $1,380 $1,330 $1.31 $1.41 $1.36
Max 1031 $1,365 $1,565 $1,465 $1.32 $1.52 $1.42
Average 1003.5 $1,323 $1,473 $1,398 $0.99 $1.47 $1.39
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 679 $1,025 $1,175 $1,100 $1.51 $1.73 $1.62 3.7736
Max 746 $1,090 $1,240 $1,165 $1.46 $1.66 $1.56 5.4299
Average 712.5 $1,058 $1,208 $1,133 $1.49 $1.70 $1.59 4.6189
2 Bed - Min 976 $1,355 $1,455 $1,405 $1.39 $1.49 $1.44 5.6391
Max 1031 $1,395 $1,595 $1,495 $1.35 $1.55 $1.45 2.0478
Average 1003.5 $1,375 $1,525 $1,450 $0.99 $1.52 $1.44 3.7567
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 679 $1,100 $1,250 $1,175 $1.62 $1.84 $1.73 6.82
Max 746 $1,135 $1,285 $1,210 $1.52 $1.72 $1.62 3.86
Average 712.5 $1,118 $1,268 $1,193 $1.57 $1.78 $1.68 5.30
2 Bed - Min 976 $1,410 $1,510 $1,460 $1.44 $1.55 $1.50 3.91
Max 1031 $1,450 $1,650 $1,550 $1.41 $1.60 $1.50 3.68
Average 1003.5 $1,430 $1,580 $1,505 $0.99 $1.57 $1.50 3.79
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 679 $1,100 $1,250 $1,175 $1.62 $1.84 $1.73 0
Max 746 $1,135 $1,285 $1,210 $1.52 $1.72 $1.62 0
Average 712.5 $1,118 $1,268 $1,193 $1.57 $1.78 $1.68 0
2 Bed - Min 976 $1,410 $1,510 $1,460 $1.44 $1.55 $1.50 0
Max 1031 $1,450 $1,650 $1,550 $1.41 $1.60 $1.50 0
Average 1003.5 $1,430 $1,580 $1,505 $1.43 $1.57 $1.50 0
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 679 $1,285 $1,435 $1,360 $1.89 $2.11 $2.00 15.74
Max 746 $1,320 $1,470 $1,395 $1.77 $1.97 $1.87 15.29
Average 712.5 $1,303 $1,453 $1,378 $1.83 $2.04 $1.94 15.51
2 Bed - Min 976 $1,595 $1,695 $1,645 $1.63 $1.74 $1.69 12.67
Max 1031 $1,635 $1,835 $1,735 $1.59 $1.78 $1.68 11.94
Average 1003.5 $1,615 $1,765 $1,690 $0.99 $1.76 $1.68 12.29
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
LAKESHORE LANDING
================================================================================
CITY San Mateo
# OF UNITS 308
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
132 176
DATE OPENED Feb-88
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
4 4 9 4 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
1.30% 1.30% 2.92% 1.30% 0.00%
- ----------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $885 $945 $915 $1.55 $1.66 $1.61
Max 609 $885 $1,065 $975 $1.45 $1.75 $1.60
Average 589.5 $885 $1,005 $945 $1.50 $1.70 $1.60
2 Bed - Min 664 $930 $930 $930 $1.40 $1.40 $1.40
Max 899 $1,120 $1,320 $1,220 $1.25 $1.47 $1.36
Average 781.5 $1,025 $1,125 $1,075 $1.32 $1.43 $1.38
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $905 $1,075 $990 $1.59 $1.89 $1.74 8.1967
Max 609 $905 $975 $940 $1.49 $1.60 $1.54 -3.59
Average 589.5 $905 $1,025 $965 $1.54 $1.74 $1.64 2.1164
664 $940 $1,110
2 Bed - Min 899 $1,170 $1,390 $1,025 $1.42 $1.67 $1.54 10.215
Max 781.5 $1,055 $1,250 $1,280 $1.30 $1.55 $1.42 4.918
Average $1,153 $1.36 $1.61 $1.48 7.2093
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a m/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $915 $1,095 $1,005 $1.61 $1.92 $1.76 1.5152
Max 609 $915 $1,195 $1,055 $1.50 $1.96 $1.73 12.234
Average 589.5 $915 $1,145 $1,030 $1.55 $1.94 $1.75 6.7358
2 Bed - Min 664 $970 $1,140 $1,055 $1.46 $1.72 $1.59 2.9268
Max 899 $1,230 $1,440 $1,335 $1.37 $1.60 $1.48 4.2969
Average 781.5 $1,100 $1,290 $1,195 $1.41 $1.66 $1.54 3.6876
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $1,043 $1,173 $1,108 $1.83 $2.06 $1.94 10.199
Max 609 $1,015 $1,245 $1,130 $1.67 $2.04 $1.86 7.109
Average 589.5 $1,029 $1,209 $1,119 $1.75 $2.05 $1.90 8.6165
2 Bed - Min 664 $1,075 $1,278 $1,176 $1.62 $1.92 $1.77 11.493
Max 899 $1,285 $1,440 $1,363 $1.43 $1.60 $1.52 2.0599
Average 781.5 $1,180 $1,359 $1,269 $1.52 $1.76 $1.64 6.2238
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 570 $1,170 $1,250 $1,210 $2.05 $2.19 $2.12 9.2551
Max 609 $1,115 $1,295 $1,205 $1.83 $2.13 $1.98 6.6372
Average 589.5 $1,143 $1,273 $1,208 $1.94 $2.16 $2.05 7.933
2 Bed - Min 664 $1,180 $1,415 $1,298 $1.78 $2.13 $1.95 10.308
Max 899 $1,340 $1,440 $1,390 $1.49 $1.60 $1.55 2.0183
Average 781.5 $1,260 $1,428 $1,344 $1.63 $1.87 $1.75 5.8592
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
========================================================================================================================
LANDS END
========================================================================================================================
CITY Pacifica UNITS VACANT
# OF UNITS 260 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX n/a 3 7 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
60 152 48 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-72 n/a 1.15% 2.69% 0.00% 0.00%
- -------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ.FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
2 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- ----------------- ------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------- ------------------------------------------------------------------
Studio - Min. 401 $ 685 $ 685 $ 685 $1.71 $1.71 $1.71
Max 425 $ 695 $ 695 $ 695 $1.64 $1.64 $1.64
Average 413 $ 690 $ 690 $ 690 $1.67 $1.67 $1.67
1 Bed - Min 580 $ 815 $ 960 $ 888 $1.41 $1.66 $1.53
Max 632 $ 815 $ 960 $ 888 $1.29 $1.52 $1.40
Average 606 $ 815 $ 960 $ 888 $1.35 $1.59 $1.47
2 Bed - Min 866 $1,050 $1,225 $1,138 $1.21 $1.41 $1.31
Max n/a n/a n/a n/a n/a n/a n/a
Average 866 $1,050 $1,225 $1,138 $1.21 $1.41 $1.31
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ.FT. %
UNIT SQ.FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------
Studio - Min 401 $ 685 $ 685 $ 685 $1.71 $1.71 $1.71 0.00
Max 425 $ 695 $ 695 $ 695 $1.64 $1.64 $1.64 0.00
Average 413 $ 690 $ 690 $ 690 $1.67 $1.67 $1.67 0.00
1 Bed - Min 580 $ 815 $ 960 $ 888 $1.41 $1.66 $1.53 0.00
Max 632 $ 815 $ 960 $ 888 $1.29 $1.52 $1.40 0.00
Average 606 $ 815 $ 960 $ 888 $1.35 $1.59 $1.47 0.00
2 Bed - Min 866 $1,050 $1,225 $1,138 $1.21 $1.41 $1.31 0.00
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 866 $1,050 $1,225 $1,138 $1.21 $1.41 $1.31 0.00
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------- ------------------------------------------------------------------
RANGE JAN-96 RENT PER SQ. FT. %
UNIT SQ.FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------- ------------------------------------------------------------------
Studio - Min 401 $ 695 $ 800 $ 748 $1.73 $2.00 $1.86 9.124
Max 425 $ 705 $ 815 $ 760 $1.66 $1.92 $1.79 9.353
Average 413 $ 700 $ 808 $ 754 $1.70 $1.96 $1.83 9.239
1 Bed - Min 580 $ 810 $ 930 $ 870 $1.40 $1.60 $1.50 -1.972
Max 632 $ 815 $ 970 $ 893 $1.29 $1.53 $1.41 0.563
Average 606 $ 813 $ 950 $ 881 $1.34 $1.57 $1.46 -0.704
2 Bed - Min 866 $1,050 $1,250 $1,150 $1.21 $1.44 $1.33 1.099
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 866 $1,050 $1,250 $1,150 $1.21 $1.44 $1.33 1.099
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------
RENT JUL-96 RENT PER SQ.FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------
Studio - Min 401 $ 730 $ 850 $ 790 $1.82 $2.12 $1.97 5.69
Max 425 $ 730 $ 850 $ 790 $1.72 $2.00 $1.86 3.95
Average 413 $ 730 $ 850 $ 790 $1.77 $2.06 $1.91 4.81
1 Bed - Min 580 $ 850 $1,000 $ 925 $1.47 $1.72 $1.59 6.32
Max 632 $1,050 $1,275 $1,163 $1.66 $2.02 $1.84 30.25
Average 606 $ 950 $1,138 $1,044 $1.56 $1.87 $1.72 18.44
2 Bed - Min 866 $1,050 $1,275 $1,163 $1.21 $1.47 $1.34 1.09
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 866 $1,050 $1,275 $1,163 $1.21 $1.47 $1.34 1.09
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
===============================================================================================================
LANTERN COVE
===============================================================================================================
CITY Foster city UNITS VACANT
# OF UNITS 232 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 9 5 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
48 184 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Mar-85 3.88% 3.88% 2.16% 0.00% 0.00%
- -------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ.FT. MIN MAX AVG MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 730 $1,010 $1,060 $1,035 $1.38 $1.45 $1.42
Max 748 $1,010 $1,060 $1,035 $1.35 $1.42 $1.38
Average 739 $1,010 $1,060 $1,035 $1.37 $1.43 $1.40
2 Bed - Min 980 $1,205 $1,225 $1,215 $1.23 $1.25 $1.24
Max 1043 $1,270 $1,410 $1,340 $1.22 $1.35 $1.28
Average 1011.5 $1,238 $1,318 $1,278 $1.22 $1.30 $1.26
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 730 $1,010 $1,060 $1,035 $1.38 $1.45 $1.42 0.000
Max 748 $1,010 $1,060 $1,035 $1.35 $1.42 $1.38 0.000
Average 739 $1,010 $1,060 $1,035 $1.37 $1.43 $1.40 0.000
2 Bed - Min 980 $1,205 $1,225 $1,215 $1.23 $1.25 $1.24 0.000
Max 1043 $1,290 $1,320 $1,305 $1.24 $1.27 $1.25 -2.612
Average 1011.5 $1,248 $1,273 $1,260 $1.23 $1.26 $1.25 -1.370
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ.FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 730 $1,020 $1,040 $1,030 $1.40 $1.42 $1.41 -0.48
Max 748 $1,050 $1,070 $1,060 $1.40 $1.43 $1.42 2.42
Average 739 $1,035 $1,055 $1,045 $1.40 $1.43 $1.41 0.97
2 Bed - Min 980 $1,235 $1,265 $1,250 $1.26 $1.29 $1.28 2.88
Max 1043 $1,330 $1,350 $1,340 $1.28 $1.29 $1.28 2.68
Average 1011.5 $1,283 $1,308 $1,295 $1.27 $1.29 $1.28 2.78
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ.FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 730 $1,060 $1,120 $1,090 $1.45 $1.53 $1.49 5.8252
Max 748 $1,060 $1,120 $1,090 $1.42 $1.50 $1.46 2.8302
Average 739 $1,060 $1,120 $1,090 $1.43 $1.52 $1.48 4.3062
2 Bed - Min 980 $1,295 $1,395 $1,345 $1.32 $1.42 $1.37 7.6000
Max 1043 $1,390 $1,440 $1,415 $1.33 $1.38 $1.36 5.5970
Average 1011.5 $1,343 $1,418 $1,380 $1.33 $1.40 $1.36 6.5637
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ.FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 730 $1,390 $1,450 $1,420 $1.90 $1.99 $1.95 30.28
Max 748 $1,390 $1,450 $1,420 $1.86 $1.94 $1.90 30.28
Average 739 $1,390 $1,450 $1,420 $1.88 $1.96 $1.92 30.28
2 Bed - Min 980 $1,630 $1,660 $1,645 $1.66 $1.69 $1.68 22.30
Max 1043 $1,725 $1,775 $1,750 $1.65 $1.70 $1.68 23.67
Average 1011.5 $1,678 $1,718 $1,698 $1.66 $1.70 $1.68 23.01
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
REDWOOD SHORES
================================================================================
CITY Redwood City
# OF UNITS 304
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
160 144
DATE OPENED Jun-87
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
6 15 11 2 2
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
1.97% 4.93% 3.62% 0.66% 0.66%
- -----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE MIN MAX
- -----------------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 551 $875 $895 $885 $1.59 $1.62 $1.61 551 $885 $905
Max 726 $940 $995 $968 $1.29 $1.37 $1.33 726 $950 $1,005
Average 638.5 $908 $945 $926 $1.44 $1.50 $1.47 638.5 $918 $955
2 Bed - Min 775 $1,000 $1,015 $1,008 $1.29 $1.31 $1.30 775 $1,010 $1,025
Max 1006 $1,220 $1,280 $1,250 $1.21 $1.27 $1.24 1006 $1,240 $1,280
Average 890.5 $1,110 $1,148 $1,129 $1.25 $1.29 $1.27 890.5 $1,125 $1,153
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------
RENT PER SQ. FT. %
UNIT AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
1 Bed - Min $895 $1.61 $1.64 $1.62 1.1299
Max $978 $1.31 $1.38 $1.35 1.0336
Average $936 $1.46 $1.51 $1.49 1.0796
2 Bed - Min $1,018 $1.30 $1.32 $1.31 0.9926
Max $1,260 $1.23 $1.27 $1.25 0.8000
Average $1,139 $1.27 $1.30 $1.28 0.8859
3 Bed - Min n/a n/a n/a n/a
Max n/a n/a n/a n/a
Average n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 551 $910 $925 $918 $1.65 $1.68 $1.67 2.51 551 $925
Max 726 $995 $1,045 $1,020 $1.37 $1.44 $1.40 4.35 726 $1,110
Average 638.5 $953 $985 $969 $1.51 $1.56 $1.54 3.47 638.5 $1,018
2 Bed - Min 775 $1,055 $1,065 $1,060 $1.36 $1.37 $1.37 4.18 775 $1,075
Max 1006 $1,300 $1,360 $1,330 $1.29 $1.35 $1.32 5.56 1006 $1,330
Average 890.5 $1,178 $1,213 $1,195 $1.33 $1.36 $1.34 4.94 890.5 $1,203
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $940 $933 $1.68 $1.71 $1.69 1.6349
Max $1,160 $1,135 $1.53 $1.60 $1.56 11.2745
Average $1,050 $1,034 $1.60 $1.65 $1.63 6.7097
2 Bed - Min $1,085 $1,080 $1.39 $1.40 $1.39 1.8868
Max $1,370 $1,350 $1.32 $1.36 $1.34 1.5038
Average $1,228 $1,215 $1.35 $1.38 $1.37 1.6736
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 551 $995 $1,015 $1,005 $1.81 $1.84 $1.82 7.77
Max 726 $1,095 $1,145 $1,120 $1.51 $1.58 $1.54 -1.32
Average 638.5 $1,045 $1,080 $1,063 $1.66 $1.71 $1.68 2.78
2 Bed - Min 775 $1,150 $1,170 $1,160 $1.48 $1.51 $1.50 7.41
Max 1006 $1,410 $1,450 $1,430 $1.40 $1.44 $1.42 5.93
Average 890.5 $1,280 $1,310 $1,295 $1.44 $1.48 $1.46 6.58
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
SAND COVE
================================================================================
CITY Foster City
# OF UNITS 344
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
40 152 152
DATE OPENED Dec-71
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
24 7 8 14 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
6.98% 2.03% 2.33% 4.07% 0.00%
- -----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE MIN
- -----------------------------------------------------------------------------------------------------------------------------------
Studio - Min. 550 $795 $805 $800 $1.45 $1.46 $1.45 550 $795
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 550 $795 $805 $800 $1.45 $1.46 $1.45 550 $795
1 Bed - Min 687 $860 $870 $865 $1.25 $1.27 $1.26 687 $860
Max 712 $875 $980 $928 $1.23 $1.38 $1.30 712 $875
Average 699.5 $868 $925 $896 $1.24 $1.32 $1.28 699.5 $868
2 Bed - Min 869 $1,020 $1,040 $1,030 $1.17 $1.20 $1.19 869 $1,020
Max 952 $1,085 $1,205 $1,145 $1.14 $1.27 $1.20 952 $1,085
Average 910.5 $1,053 $1,123 $1,088 $1.16 $1.23 $1.19 910.5 $1,053
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------
DEC-94 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------
Studio - Min. $805 $800 $1.45 $1.46 $1.45 0.0000
Max n/a n/a n/a n/a n/a n/a
Average $805 $800 $1.45 $1.46 $1.45 0.0000
1 Bed - Min $870 $865 $1.25 $1.27 $1.26 0.0000
Max $960 $918 $1.23 $1.35 $1.29 -1.0782
Average $915 $891 $1.24 $1.31 $1.27 -0.5579
2 Bed - Min $1,040 $1,030 $1.17 $1.20 $1.19 0.0000
Max $1,185 $1,135 $1.14 $1.24 $1.19 -0.8734
Average $1,113 $1,083 $1.16 $1.22 $1.19 -0.4598
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN
- -------------------------------------------------------------------------------------------------------------------------------
Studio - Min 550 $810 $820 $815 $1.47 $1.49 $1.48 1.88 550 $915
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average 550 $810 $820 $815 $1.47 $1.49 $1.48 1.88 550 $915
1 Bed - Min 687 $885 $895 $890 $1.29 $1.30 $1.30 2.89 687 $995
Max 712 $900 $1,010 $955 $1.26 $1.42 $1.34 4.09 712 $1,030
Average 699.5 $893 $953 $923 $1.28 $1.36 $1.32 3.51 699.5 $1,013
2 Bed - Min 869 $1,045 $1,065 $1,055 $1.20 $1.23 $1.21 2.43 869 $1,225
Max 952 $1,110 $1,240 $1,175 $1.17 $1.30 $1.23 3.52 952 $1,295
Average 910.5 $1,078 $1,153 $1,115 $1.18 $1.26 $1.22 3.00 910.5 $1,260
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------
Studio - Min $925 $920 $1.66 $1.68 $1.67 12.8834
Max n/a n/a n/a n/a n/a n/a
Average $925 $920 $1.66 $1.68 $1.67 12.8834
1 Bed - Min $1,005 $1,000 $1.45 $1.46 $1.46 12.3596
Max $1,100 $1,065 $1.45 $1.54 $1.50 11.5183
Average $1,053 $1,033 $1.45 $1.50 $1.48 11.9241
2 Bed - Min $1,235 $1,230 $1.41 $1.42 $1.42 16.5877
Max $1,440 $1,368 $1.36 $1.51 $1.44 16.3830
Average $1,338 $1,299 $1.38 $1.47 $1.43 16.4798
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------
Studio - Min 550 $1,015 $1,025 $1,020 $1.85 $1.86 $1.85 10.87
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 550 $1,015 $1,025 $1,020 $1.85 $1.86 $1.85 10.87
1 Bed - Min 687 $1,120 $1,130 $1,125 $1.63 $1.64 $1.64 12.50
Max 712 $1,145 $1,275 $1,210 $1.61 $1.79 $1.70 13.62
Average 699.5 $1,133 $1,203 $1,168 $1.62 $1.72 $1.67 13.08
2 Bed - Min 869 $1,345 $1,355 $1,350 $1.55 $1.56 $1.55 9.76
Max 952 $1,415 $1,575 $1,495 $1.49 $1.65 $1.57 9.32
Average 910.5 $1,380 $1,465 $1,423 $1.52 $1.61 $1.56 9.53
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
SCHOONER BAY
================================================================================
CITY Foster City
# OF UNITS 312
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
117 195
DATE OPENED Nov-85
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
9 3 5 0 2
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.88% 0.96% 1.60% 0.00% 0.64%
- ---------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE MIN
- ---------------------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 712 $1,045 $1,160 $1,103 $1.47 $1.63 $1.55 712 $1,045
Max 743 $1,045 $1,160 $1,103 $1.41 $1.56 $1.48 743 $1,045
Average 727.5 $1,045 $1,160 $1,103 $1.44 $1.60 $1.52 727.5 $1,045
2 Bed - Min 963 $1,285 $1,365 $1,325 $1.33 $1.42 $1.38 963 $1,310
Max 1282 $1,455 $1,575 $1,515 $1.13 $1.23 $1.18 1282 $1,490
Average 1122.5 $1,370 $1,470 $1,420 $1.23 $1.32 $1.28 1122.5 $1,400
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------------------------
DEC-94 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $1,160 $1,103 $1.47 $1.63 $1.55 0.0000
Max $1,160 $1,103 $1.41 $1.56 $1.48 0.0000
Average $1,160 $1,103 $1.44 $1.60 $1.52 0.0000
2 Bed - Min $1,390 $1,350 $1.36 $1.44 $1.40 1.8868
Max $1,610 $1,550 $1.16 $1.26 $1.21 2.3102
Average $1,500 $1,450 $1.26 $1.35 $1.31 2.1127
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN
- ---------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 712 $1,045 $1,160 $1,103 $1.47 $1.63 $1.55 0.00 712 $1,130
Max 743 $1,045 $1,160 $1,103 $1.41 $1.56 $1.48 0.00 743 $1,130
Average 727.5 $1,045 $1,160 $1,103 $1.44 $1.60 $1.52 0.00 727.5 $1,130
2 Bed - Min 963 $1,310 $1,390 $1,350 $1.36 $1.44 $1.40 0.00 963 $1,385
Max 1282 $1,490 $1,620 $1,555 $1.16 $1.26 $1.21 0.32 1282 $1,610
Average 1122.5 $1,400 $1,505 $1,453 $1.26 $1.35 $1.31 0.17 1122.5 $1,498
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
1 Bed - Min $1,230 $1,180 $1.59 $1.73 $1.66 7.0295
Max $1,230 $1,180 $1.52 $1.66 $1.59 7.0295
Average $1,230 $1,180 $1.55 $1.69 $1.62 7.0295
2 Bed - Min $1,460 $1,423 $1.44 $1.52 $1.48 5.3704
Max $1,730 $1,670 $1.26 $1.35 $1.30 7.3955
Average $1,595 $1,546 $1.35 $1.43 $1.39 6.4544
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 712 $1,440 $1,540 $1,490 $2.02 $2.16 $2.09 26.27
Max 743 $1,440 $1,540 $1,490 $1.94 $2.07 $2.01 26.27
Average 727.5 $1,440 $1,540 $1,490 $1.98 $2.12 $2.05 26.27
2 Bed - Min 963 $1,695 $1,770 $1,733 $1.76 $1.84 $1.80 21.79
Max 1282 $1,900 $2,040 $1,970 $1.48 $1.59 $1.54 17.96
Average 1122.5 $1,798 $1,905 $1,851 $1.62 $1.71 $1.67 19.73
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
================================================================================
SERRAMONTE RIDGE
================================================================================
CITY Daily City
# OF UNITS 396
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
129 108 159
DATE OPENED Feb-87
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
16 35 26 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
4.04% 8.84% 6.57% 0.00% 0.00%
- -----------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE MIN
- -----------------------------------------------------------------------------------------------------------------------------
Studio - Min. 511 $705 $705 $705 $1.38 $1.38 $1.38 511 $715
Max 628 $795 $795 $795 $1.27 $1.27 $1.27 628 $775
Average 569.5 $750 $750 $750 $1.32 $1.32 $1.32 569.5 $745
1 Bed - Min 610 $815 $815 $815 $1.34 $1.34 $1.34 610 $825
Max 676 $875 $875 $875 $1.29 $1.29 $1.29 676 $885
Average 643 $845 $845 $845 $1.32 $1.32 $1.32 643 $855
2 Bed - Min 858 $1,040 $1,040 $1,040 $1.21 $1.21 $1.21 858 $1,040
Max 915 $1,100 $1,100 $1,100 $1.20 $1.20 $1.20 915 $1,100
Average 886.5 $1,070 $1,070 $1,070 $1.21 $1.21 $1.21 886.5 $1,070
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ---------------------------------------------------------------------------------------
DEC-94 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------
Studio - Min. $715 $715 $1.40 $1.40 $1.40 1.4184
Max $775 $775 $1.23 $1.23 $1.23 -2.5157
Average $745 $745 $1.32 $1.32 $1.32 -0.6667
1 Bed - Min $825 $825 $1.35 $1.35 $1.35 1.2270
Max $885 $885 $1.31 $1.31 $1.31 1.1429
Average $855 $855 $1.33 $1.33 $1.33 1.1834
2 Bed - Min $1,040 $1,040 $1.21 $1.21 $1.21 0.0000
Max $1,100 $1,100 $1.20 $1.20 $1.20 0.0000
Average $1,070 $1,070 $1.21 $1.21 $1.21 0.0000
3 Bed - Min n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a
- -----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN
- -----------------------------------------------------------------------------------------------------------------------------
Studio - Min 511 $715 $715 $715 $1.40 $1.40 $1.40 0.00 511 $745
Max 628 $775 $775 $775 $1.23 $1.23 $1.23 0.00 628 $785
Average 569.5 $745 $745 $745 $1.32 $1.32 $1.32 0.00 569.5 $765
1 Bed - Min 610 $825 $825 $825 $1.35 $1.35 $1.35 0.00 610 $895
Max 676 $865 $865 $865 $1.28 $1.28 $1.28 -2.26 676 $925
Average 643 $845 $845 $845 $1.32 $1.32 $1.32 -1.17 643 $910
2 Bed - Min 858 $1,020 $1,020 $1,020 $1.19 $1.19 $1.19 -1.92 858 $1,120
Max 915 $1,080 $1,080 $1,080 $1.18 $1.18 $1.18 -1.82 915 $1,120
Average 886.5 $1,050 $1,050 $1,050 $1.18 $1.18 $1.18 -1.87 886.5 $1,120
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------
DEC-95 RENT PER SQ. FT. %
UNIT MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------
Studio - Min $775 $760 $1.46 $1.52 $1.49 6.2937
Max $845 $815 $1.25 $1.35 $1.30 5.1613
Average $810 $788 $1.35 $1.43 $1.39 5.7047
1 Bed - Min $925 $910 $1.47 $1.52 $1.49 10.3030
Max $965 $945 $1.37 $1.43 $1.40 9.2486
Average $945 $928 $1.42 $1.47 $1.44 9.7633
2 Bed - Min $1,165 $1,143 $1.31 $1.36 $1.33
Max $1,165 $1,143 $1.22 $1.27 $1.25 12.0098
Average $1,165 $1,143 $1.26 $1.32 $1.29 8.8095
3 Bed - Min n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a
- ----------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------
Studio - Min 511 $850 $925 $888 $1.66 $1.81 $1.74 16.78
Max 628 $925 $965 $945 $1.47 $1.54 $1.50 15.95
Average 569.5 $888 $945 $916 $1.57 $1.67 $1.62 16.35
1 Bed - Min 610 $1,015 $1,055 $1,035 $1.66 $1.73 $1.70 13.74
Max 676 $1,045 $1,095 $1,070 $1.55 $1.62 $1.58 13.23
Average 643 $1,030 $1,075 $1,053 $1.60 $1.67 $1.64 13.48
2 Bed - Min 858 $1,325 $1,395 $1,360 $1.54 $1.63 $1.59 19.04
Max 915 $1,345 $1,410 $1,378 $1.47 $1.54 $1.51 20.57
Average 886.5 $1,335 $1,403 $1,369 $1.51 $1.58 $1.55 19.80
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
SHADOW COVE
CITY Foster City UNITS VACANT
# OF UNITS 164 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 5 5 7 4 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
16 74 74 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jun-70 3.05% 3.05% 4.27% 2.44% 0.00%
- -----------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------
Studio - Min. 550 $795 $805 $800 $1.45 $1.46 $1.45
Max n/a n/a n/a n/a n/a n/a n/a
Average 550 $795 $805 $800 $1.45 $1.46 $1.45
1 Bed - Min 687 $860 $870 $865 $1.25 $1.27 $1.26
Max 712 $875 $980 $928 $1.23 $1.38 $1.30
Average 699.5 $868 $925 $896 $1.24 $1.32 $1.28
2 Bed - Min 869 $1,020 $1,040 $1,030 $1.17 $1.20 $1.19
Max 952 $1,085 $1,205 $1,145 $1.14 $1.27 $1.20
Average 910.5 $1,053 $1,123 $1,088 $1.16 $1.23 $1.19
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------
Studio - Min. 550 $795 $805 $800 $1.45 $1.46 $1.45 0.0000
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 550 $795 $805 $800 $1.45 $1.46 $1.45 0.0000
1 Bed - Min 687 $860 $870 $865 $1.25 $1.27 $1.26 0.0000
Max 712 $875 $960 $918 $1.23 $1.35 $1.29 -1.0782
Average 699.5 $868 $915 $891 $1.24 $1.31 $1.27 -0.5579
2 Bed - Min 869 $1,020 $1,040 $1,030 $1.17 $1.20 $1.19 0.0000
Max 952 $1,085 $1,205 $1,145 $1.14 $1.27 $1.20 0.0000
Average 910.5 $1,053 $1,123 $1,088 $1.16 $1.23 $1.19 0.0000
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------
Studio - Min 550 $810 $820 $815 $1.47 $1.49 $1.48 1.88
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 550 $810 $820 $815 $1.47 $1.49 $1.48 1.88
1 Bed - Min 687 $885 $895 $890 $1.29 $1.30 $1.30 2.89
Max 712 $895 $1,005 $950 $1.26 $1.41 $1.33 3.54
Average 699.5 $890 $950 $920 $1.27 $1.36 $1.31 3.23
2 Bed - Min 869 $1,045 $1,065 $1,055 $1.20 $1.23 $1.21 2.43
Max 952 $1,110 $1,250 $1,180 $1.17 $1.31 $1.24 3.06
Average 910.5 $1,078 $1,158 $1,118 $1.18 $1.27 $1.23 2.76
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------
Studio - Min 550 $915 $915 $915 $1.66 $1.66 $1.66 12.2699
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 550 $915 $915 $915 $1.66 $1.66 $1.66 12.2699
1 Bed - Min 687 $1,005 $1,020 $1,013 $1.46 $1.48 $1.47 13.7640
Max 712 $1,040 $1,140 $1,090 $1.46 $1.60 $1.53 14.7368
Average 699.5 $1,023 $1,080 $1,051 $1.46 $1.54 $1.50 14.2663
2 Bed - Min 869 $1,125 $1,225 $1,175 $1.29 $1.41 $1.35 11.3744
Max 952 $1,305 $1,435 $1,370 $1.37 $1.51 $1.44 16.1017
Average 910.5 $1,215 $1,330 $1,273 $1.33 $1.46 $1.40 13.8702
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
- --------------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------
Studio - Min 550 $1,015 $1,025 $1,020 $1.85 $1.86 $1.85 11.48
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 550 $1,015 $1,025 $1,020 $1.85 $1.86 $1.85 11.48
1 Bed - Min 687 $1,120 $1,130 $1,125 $1.63 $1.64 $1.64 11.11
Max 712 $1,145 $1,255 $1,200 $1.61 $1.76 $1.69 10.09
Average 699.5 $1,133 $1,193 $1,163 $1.62 $1.70 $1.66 10.58
2 Bed - Min 869 $1,345 $1,355 $1,350 $1.55 $1.56 $1.55 14.89
Max 952 $1,415 $1,555 $1,485 $1.49 $1.63 $1.56 8.39
Average 910.5 $1,380 $1,455 $1,418 $1.52 $1.60 $1.56 11.39
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
SKYCREST
CITY San Bruno UNITS VACANT
# OF UNITS 108 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX n/a 1 4 1 1
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
48 48 12 6/1/94 1/1/95 6/1/95 1/1/96 7/1/96
DATE OPENED Jan-70 n/a 0.93% 3.70% 0.93% 0.93%
- -------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
2 Bed - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
3 Bed - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min. 720 $735 $760 $748 $1.02 $1.06 $1.04
Max n/a n/a n/a n/a n/a n/a n/a
Average 720 $735 $760 $748 $1.02 $1.06 $1.04
2 Bed - Min. 950 $880 $905 $893 $0.93 $0.95 $0.94
Max n/a n/a n/a n/a n/a n/a n/a
Average 950 $880 $905 $893 $0.99 $0.95 $0.94
3 Bed - Min. 1185 $1,045 $1,045 $1,045 $0.88 $0.88 $0.88
Max n/a n/a n/a n/a n/a n/a n/a
Average 1185 $1,045 $1,045 $1,045 $0.88 $0.88 $0.88
- -------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min. 720 $735 $760 $748 $1.02 $1.06 $1.04 0
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 720 $735 $760 $748 $1.02 $1.06 $1.04 0
2 Bed - Min. 950 $870 $905 $888 $0.92 $0.95 $0.93 -0.56
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 950 $870 $905 $888 $0.99 $0.95 $0.93 -0.56
3 Bed - Min. 1185 $1,045 $1,065 $1,055 $0.88 $0.90 $0.89 0.9569
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1185 $1,045 $1,065 $1,055 $0.88 $0.90 $0.89 0.9569
- -------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min. 720 $735 $760 $748 $1.02 $1.06 $1.04 0
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 720 $735 $760 $748 $1.02 $1.06 $1.04 0
2 Bed - Min. 950 $880 $905 $893 $0.93 $0.95 $0.94 0.5634
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 950 $880 $905 $893 $0.93 $0.95 $0.94 0.5634
3 Bed - Min. 1185 $1,045 $1,045 $1,045 $0.88 $0.88 $0.88 -0.948
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1185 $1,045 $1,045 $1,045 $0.88 $0.88 $0.88 -0.948
- -------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min. 720 $760 $785 $773 $1.06 $1.09 $1.07 3.3445
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 720 $760 $785 $773 $1.06 $1.09 $1.07 3.3445
2 Bed - Min. 950 $945 $970 $958 $0.99 $1.02 $1.01 7.2829
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 950 $945 $970 $958 $0.99 $1.02 $1.01 7.2829
3 Bed - Min. 1185 $1,150 $1,150 $1,150 $0.97 $0.97 $0.97 10.048
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1185 $1,150 $1,150 $1,150 $0.97 $0.97 $0.97 10.048
TREETOPS
CITY San Bruno UNITS VACANT
# OF UNITS 308 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX n/a 19 11 2 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
182 126 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-87 n/a 6.17% 3.57% 0.65% 0.00%
- --------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------
Studio - Min. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min n/a n/a n/a n/a n/a n/a n/a 532 $810 $835 $823 $1.52 $1.57 $1.55
Max n/a n/a n/a n/a n/a n/a n/a 659 $850 $875 $863 $1.29 $1.33 $1.31
Average n/a n/a n/a n/a n/a n/a n/a 595.5 $830 $855 $843 $1.41 $1.45 $1.43
2 Bed - Min n/a n/a n/a n/a n/a n/a n/a 806 $1,010 $1,035 $1,023 $1.25 $1.28 $1.27
Max n/a n/a n/a n/a n/a n/a n/a 909 $1,150 $1,175 $1,163 $1.27 $1.29 $1.28
Average n/a n/a n/a n/a n/a n/a n/a 857.5 $1,080 $1,105 $1,093 $1.26 $1.29 $1.27
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- ------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 532 $820 $875 $848 $1.54 $1.64 $1.59 3.0395 532 $830 $875 $853 $1.56 $1.64 $1.60 0.58997
Max 659 $860 $915 $888 $1.31 $1.39 $1.35 2.8986 659 $875 $940 $908 $1.33 $1.43 $1.38 2.25362
Average 595.5 $840 $895 $868 $1.42 $1.52 $1.47 2.9674 595.5 $853 $908 $880 $1.44 $1.54 $1.49 1.44092
2 Bed - Min 806 $1,020 $1,075 $1,048 $1.27 $1.33 $1.30 2.445 806 $1,060 $1,145 $1,103 $1.32 $1.42 $1.37 5.2508
Max 909 $1,160 $1,215 $1,188 $1.28 $1.34 $1.31 2.1505 909 $1,195 $1,280 $1,238 $1.31 $1.41 $1.36 4.21053
Average 857.5 $1,090 $1,145 $1,118 $1.27 $1.34 $1.30 2.2883 857.5 $1,128 $1,213 $1,170 $1.31 $1.41 $1.36 4.69799
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
- -------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------
Studio - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
1 Bed - Min 532 $840 $895 $868 $1.58 $1.68 $1.63 1.7595
Max 659 $885 $980 $933 $1.34 $1.49 $1.42 2.7548
Average 595.5 $863 $938 $900 $1.46 $1.58 $1.52 2.2727
2 Bed - Min 806 $1,085 $1,180 $1,133 $1.35 $1.46 $1.41 2.7211
Max 909 $1,220 $1,315 $1,268 $1.34 $1.45 $1.39 2.4242
Average 857.5 $1,153 $1,248 $1,200 $1.34 $1.46 $1.40 2.5641
3 Bed - Min n/a n/a n/a n/a n/a n/a n/a n/a
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average n/a n/a n/a n/a n/a n/a n/a n/a
ALDERWOOD
CITY Santa Clara UNITS VACANT
# OF UNITS 234 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 14 15 6 0 1
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 124 110 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Nov-86 5.98% 6.41% 2.56% 0.00% 0.43%
- ------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------------------------------
Studio - Min.
Max
Average
1 Bed - Min 700 $865 $965 $915 $1.24 $1.38 $1.31 700 $895 $975 $935 $1.28 $1.39 $1.34 2.19%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $865 $965 $915 $1.24 $1.38 $1.31 700 $895 $975 $935 $1.28 $1.39 $1.34 2.19%
2 Bed - Min 1000 $1,095 $1,190 $1,143 $1.10 $1.19 $1.14 1000 $1,110 $1,190 $1,150 $1.11 $1.19 $1.15 0.66%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1000 $1,095 $1,190 $1,143 $1.10 $1.19 $1.14 1000 $1,110 $1,190 $1,150 $1.11 $1.19 $1.15 0.66%
3 Bed - Min N/A
Max
Average
- -----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 700 $940 $1,040 $990 $1.34 $1.49 $1.41 5.88% 700 $1,080 $1,180 $1,130 $1.54 $1.69 $1.61 14.14%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $940 $1,040 $990 $1.34 $1.49 $1.41 5.88% 700 $1,080 $1,180 $1,130 $1.54 $1.69 $1.61 14.14%
2 Bed - Min 1000 $1,180 $1,280 $1,230 $1.18 $1.28 $1.23 6.96% 1000 $1,313 $1,413 $1,363 $1.31 $1.41 $1.36 10.77%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1000 $1,180 $1,280 $1,230 $1.18 $1.28 $1.23 6.96% 1000 $1,313 $1,413 $1,363 $1.31 $1.41 $1.36 10.77%
3 Bed - Min
Max
Average
- -------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 700 $1,220 $1,320 $1,270 $1.74 $1.89 $1.81 12.39%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,220 $1,320 $1,270 $1.74 $1.89 $1.81 12.39%
2 Bed - Min 1000 $1,445 $1,545 $1,495 $1.45 $1.55 $1.50 9.72%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1000 $1,445 $1,545 $1,495 $1.45 $1.55 $1.50 9.72%
3 Bed - Min
Max
Average
BELLA VISTA
CITY Santa Clara UNITS VACANT
# OF UNITS 634 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 12 29 14 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 330 304 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Aug-91 1.89% 4.57% 2.21% 0.00% 0.00%
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min 509 $ 765 $ 895 $ 830 $1.50 $1.76 $1.63 509 $ 815 $ 915 $ 865 $1.60 $1.80 $1.70 4.22%
Max 743 $ 965 $1,065 $1,015 $1.30 $1.43 $1.37 743 $1,015 $1,155 $1,085 $1.37 $1.55 $1.46 N/A
Average 626 $ 865 $ 980 $ 923 $1.40 $1.60 $1.50 626 $ 915 $1,035 $ 975 $1.46 $1.65 $1.56 0
2 Bed - Min 889 $1,095 $1,495 $1,295 $1.23 $1.68 $1.46 889 $1,165 $1,195 $1,180 $1.31 $1.34 $1.33 -8.88%
Max 1164 $1,115 $1,525 $1,320 $0.96 $1.31 $1.13 1164 $1,395 $1,555 $1,475 $1.20 $1.34 $1.27 11.74%
Average 1027 $1,105 $1,510 $1,308 $1.09 $1.50 $1.30 1027 $1,280 $1,375 $1,328 $1.25 $1.34 $1.30 1.43%
3 Bed - Min
Max
Average
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 509 $ 845 $ 995 $ 920 $1.66 $1.95 $1.81 6.36% 509 $ 905 $1,053 $ 979 $1.78 $2.07 $1.92 6.41%
Max 743 $1,115 $1,265 $1,190 $1.50 $1.70 $1.60 9.68% 743 $1,205 $1,355 $1,280 $1.62 $1.82 $1.72 7.56%
Average 626 $ 980 $1,130 $1,055 $1.58 $1.83 $1.70 8.02% 626 $1,055 $1,204 $1,130 $1.70 $1.95 $1.82 6.99%
2 Bed - Min 889 $1,265 $1,685 $1,475 $1.42 $1.90 $1.66 25.00% 889 $1,415 $1,835 $1,625 $1.59 $2.06 $1.83 10.17%
Max 1164 $1,395 $1,555 $1,475 $1.20 $1.34 $1.27 0.00% 1164 $1,415 $1,835 $1,625 $1.22 $1.58 $1.40 10.17%
Average 1027 $1,330 $1,620 $1,475 $1.31 $1.62 $1.46 12.50% 1027 1415 1835 1625 $1.40 $1.82 $1.61 10.17%
3 Bed - Min
Max
Average
- ------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 509 $1,035 $1,185 $1,110 $2.03 $2.33 $2.18 13.38%
Max 743 $1,345 $1,495 $1,420 $1.81 $2.01 $1.91 10.94%
Average 626 $1,190 $1,340 $1,265 $1.92 $2.17 $2.05 12.16%
2 Bed - Min 889 $1,585 $1,585 $1,585 $1.78 $1.78 $1.78 -2.46%
Max 1164 $2,005 $2,005 $2,005 $1.72 $1.72 $1.72 23.38%
Average 1027 $1,795 $1,795 $1,795 $1.75 $1.75 $1.75 10.46%
3 Bed - Min
Max
Average
BOARDWALK LAKESIDE
CITY Santa Clara UNITS VACANT
# OF UNITS 248 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 8 7 5 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 176 72 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-77 3.23% 2.82% 2.02% 0.40% 0.00%
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min.
Max
Average
1 Bed - Min 700 $ 850 $ 975 $ 913 $1.21 $1.39 $1.30 700 $ 825 $ 840 $ 833 $1.18 $1.20 $1.19 -8.77%
Max 750 $ 850 $ 975 $ 913 $1.13 $1.30 $1.22 750 $ 840 $ 870 $ 855 $1.12 $1.16 $1.14 -6.30%
Average 725 $ 850 $ 975 $ 913 $1.17 $1.35 $1.26 725 $ 833 $ 855 $ 844 $1.15 $1.18 $1.16 -1.23%
2 Bed - Min 950 $1,040 $1,085 $1,063 $1.09 $1.14 $1.12 950 $1,040 $1,115 $1,078 $1.09 $1.17 $1.13 1.41%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,040 $1,085 $1,063 $1.09 $1.14 $1.12 950 $1,040 $1,115 $1,078 $1.09 $1.17 $1.13 1.41%
3 Bed - Min
Max
Average
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 700 $ 850 $ 875 $ 863 $1.21 $1.25 $1.23 3.60% 700 $1,000 $1,040 $1,020 $1.43 $1.49 $1.46 18.26%
Max 750 $ 865 $ 915 $ 890 $1.15 $1.22 $1.19 4.09% 750 $1,000 $1,040 $1,020 $1.33 $1.39 $1.36 14.61%
Average 725 $ 858 $ 895 $ 876 $1.18 $1.24 $1.21 3.85% 725 $1,000 $1,040 $1,020 $1.38 $1.44 $1.41 16.43%
2 Bed - Min 950 $1,040 $1,115 $1,078 $1.09 $1.17 $1.13 0.00% 950 $1,200 $1,260 $1,230 $1.26 $1.33 $1.29 14.15%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,040 $1,115 $1,078 $1.09 $1.17 $1.13 0.00% 950 $1,200 $1,260 $1,230 $1.26 $1.33 $1.29 14.15%
3 Bed - Min
Max
Average
- ------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 700 $1,220 $1,220 $1,220 $1.74 $1.74 $1.74 19.61%
Max 750 $1,270 $1,270 $1,270 $1.69 $1.69 $1.69 24.51%
Average 725 $1,245 $1,245 $1,245 $1.72 $1.72 $1.72 22.06%
2 Bed - Min 950 $1,450 $1,475 $1,463 $1.53 $1.55 $1.54 18.90%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,450 $1,475 $1,463 $1.53 $1.55 $1.54 18.90%
3 Bed - Min
Max
Average
================================================================================
BRAMBLEWOOD
================================================================================
CITY San Jose UNITS VACANT
# OF UNITS 108 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 8 9 5 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 48 60 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED May-86 7.41% 8.33% 4.63% 0.93% 0.00%
- ------------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 AVE- RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX RAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------------------------------------
Studio - Min.
Max
Average
1 Bed - Min 701 $ 755 $ 760 $ 758 $1.08 $1.08 $1.08 701 $ 760 $ 760 $ 760 $1.08 $1.08 $1.08 0.33%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 701 $ 755 $ 760 $ 758 $1.08 $1.08 $1.08 701 $ 760 $ 760 $ 760 $1.08 $1.08 $1.08 0.33%
2 Bed - Min 836 $ 845 $ 850 $ 848 $1.01 $1.02 $1.01 836 $ 870 $ 870 $ 870 $1.04 $1.04 $1.04 2.65%
Max 900 $ 900 $ 900 $ 900 $1.00 $1.00 $1.00 900 $ 900 $ 900 $ 900 $1.00 $1.00 $1.00 0.00%
Average 868 $ 873 $ 875 $ 874 $1.01 $1.01 $1.01 868 $ 885 $ 885 $ 885 $1.02 $1.02 $1.02 1.33%
3 Bed - Min
Max
Average
- ------------------------------------------------------------------------------------------------------------------------------------
c RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE
- ------------------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 701 $ 780 $ 780 $ 780 $ 1.11 $ 1.11 $ 1.11 2.63% 701 $ 867 $ 867 $ 867
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 701 $ 780 $ 780 $ 780 $ 1.11 $ 1.11 $ 1.11 2.63% 701 $ 867 $ 867 $ 867
2 Bed - Min 836 $ 890 $ 890 $ 890 $ 1.06 $ 1.06 $ 1.06 2.30% 836 $ 962 $ 962 $ 962
Max 900 $ 910 $ 910 $ 910 $ 1.01 $ 1.01 $ 1.01 1.11% 900 $1,022 $1,022 $1,022
Average 868 $ 900 $ 900 $ 900 $ 1.04 $ 1.04 $ 1.04 1.70% 868 $ 992 $ 992 $ 992
3 Bed - Min
Max
Average
- -------------------------------------------------------
c RENT PER SQ. FT. %
UNIT MIN MAX AVG CHANGE
- -------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min $ 1.24 $ 1.24 $ 1.24 11.09%
Max N/A N/A N/A N/A
Average $ 1.24 $ 1.24 $ 1.24 11.09%
2 Bed - Min $ 1.15 $ 1.15 $ 1.15 8.03%
Max $ 1.14 $ 1.14 $ 1.14 12.25%
Average $ 1.14 $ 1.14 $ 1.14 10.14%
3 Bed - Min
Max
Average
- ------------------------------------------------------------------------------------------------
c RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 701 $ 953 $ 953 $ 953 $ 1.36 $ 1.36 $ 1.36 9.98%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 701 $ 953 $ 953 $ 953 $ 1.36 $ 1.36 $ 1.36 9.98%
2 Bed - Min 836 $1,033 $1,033 $1,033 $ 1.24 $ 1.24 $ 1.24 7.44%
Max 900 $1,133 $1,133 $1,133 $ 1.26 $ 1.26 $ 1.26 10.92%
Average 868 $1,083 $1,083 $1,083 $ 1.25 $ 1.25 $ 1.25 9.18%
3 Bed - Min
Max
Average
BRIARWOOD
CITY Sunnyvale UNITS VACANT
# OF UNITS 192 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 6 8 7 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 96 96 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Oct-85 3.13% 4.17% 3.65% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 556 $700 $805 $753 $1.26 $1.45 $1.35 556 $730 $805 $768 $1.31 $1.45 $1.38 1.99%
Max 693 $730 $860 $795 $1.05 $1.24 $1.15 693 $813 $860 $837 $1.17 $1.24 $1.21 5.22%
Average 625 $715 $833 $774 $1.16 $1.34 $1.25 625 $772 $833 $802 $1.24 $1.33 $1.28 3.61%
2 Bed - Min 804 $875 $979 $927 $1.09 $1.22 $1.15 804 $900 $979 $940 $1.12 $1.22 $1.17 1.35%
Max 1125 $1,130 $1,130 $1,130 $1.00 $1.00 $1.00 1125 $1,130 $1,130 $1,130 $1.00 $1.00 $1.00 0.00%
Average 965 $1,003 $1,055 $1,029 $1.05 $1.11 $1.08 965 $1,015 $1,055 $1,035 $1.06 $1.11 $1.09 0.67%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 556 $700 $805 $753 $1.26 $1.45 $1.35 -1.95% 556 $805 $805 $805 $1.45 $1.45 $1.45 6.98%
Max 693 $935 $813 $905 $1.35 $1.17 $1.31 8.19% 693 $955 $955 $955 $1.38 $1.38 $1.38 5.52%
Average 625 $818 $809 $829 $1.30 $1.31 $1.33 3.12% 625 $880 $880 $880 $1.41 $1.41 $1.41 6.25%
2 Bed - Min 804 $900 $1,025 $963 $1.12 $1.27 $1.20 2.45% 804 $1,065 $1,075 $1,070 $1.32 $1.34 $1.33 11.17%
Max 1125 $1,180 $1,180 $1,180 $1.05 $1.05 $1.05 4.42% 1125 $1,220 $1,260 $1,240 $1.08 $1.12 $1.10 5.08%
Average 965 $1,040 $1,103 $1,071 $1.08 $1.16 $1.12 3.44% $965 $1,143 $1,168 $1,155 $1.20 $1.23 $1.22 8.13%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 556 $1,127 $1,127 $1,127 $2.03 $2.03 $2.03 40.00%
Max 693 $1,137 $1,137 $905 $1.64 $1.64 $1.31 -5.24%
Average 625 $1,132 $1,132 $1,016 $1.83 $1.83 $1.67 17.94%
2 Bed - Min 804 $1,337 $1,337 $1,337 $1.66 $1.66 $1.66 24.95%
Max 1125 $1,347 $1,347 $1,347 $1.20 $1.20 $1.20 8.63%
Average 965 $1,342 $1,342 $1,342 $1.43 $1.43 $1.43 16.79%
3 Bed - Min
Max
Average
BRISTOL COMMONS
CITY Sunnyvale UNITS VACANT
# OF UNITS 188 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 2 5 0 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 92 96 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Nov-88 1.06% 2.66% 0.00% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 597 $825 $855 $840 $1.38 $1.43 $1.41 597 $835 $876 $856 $1.40 $1.47 $1.43 1.85%
Max 868 $945 $1,010 $978 $1.09 $1.16 $1.13 868 $955 $1,025 $990 $1.10 $1.18 $1.14 1.28%
Average 733 $885 $933 $909 $1.24 $1.30 $1.27 733 $895 $951 $923 $1.22 $1.30 $1.26 1.56%
2 Bed - Min 851 $1,020 $1,070 $1,045 $1.20 $1.26 $1.23 851 $1,030 $1,098 $1,064 $1.21 $1.29 $1.25 1.82%
Max 1044 $1,185 $1,245 $1,215 $1.14 $1.19 $1.16 1044 $1,195 $1,265 $1,230 $1.14 $1.21 $1.18 1.23%
Average 948 $1,103 $1,158 $1,130 $1.17 $1.22 $1.20 948 $1,113 $1,182 $1,147 $1.18 $1.25 $1.21 1.53%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 597 $885 $885 $885 $1.48 $1.48 $1.48 3.45% 597 $910 $910 $910 $1.52 $1.52 $1.52 2.82%
Max 868 $1,000 $1,000 $1,000 $1.15 $1.15 $1.15 1.01% 868 $1,060 $1,140 $1,100 $1.22 $1.31 $1.27 10.00%
Average 733 $943 $943 $943 $1.32 $1.32 $1.32 2.23% 733 $985 $1,025 $1,005 $1.37 $1.42 $1.40 6.41%
2 Bed - Min 851 $1,090 $1,090 $1,090 $1.28 $1.28 $1.28 2.44% 851 $1,060 $1,160 $1,110 $1.25 $1.36 $1.30 1.83%
Max 1044 $1,260 $1,260 $1,260 $1.21 $1.21 $1.21 2.44% 1044 $1,365 $1,420 $1,393 $1.31 $1.36 $1.33 10.52%
Average 948 $1,175 $1,175 $1,175 $1.24 $1.24 $1.24 2.44% $948 $1,213 $1,290 $1,251 $1.28 $1.36 $1.32 6.18%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 597 $1,075 $1,125 $1,100 $1.80 $1.88 $1.84 20.88%
Max 868 $1,280 $1,295 $1,288 $1.47 $1.49 $1.48 17.05%
Average 733 $1,178 $1,210 $1,194 $1.64 $1.69 $1.66 18.96%
2 Bed - Min 851 $1,300 $1,425 $1,363 $1.53 $1.67 $1.60 22.75%
Max 1044 $1,530 $1,550 $1,540 $1.47 $1.48 $1.48 10.59%
Average 948 $1,415 $1,488 $1,451 $1.50 $1.58 $1.54 16.67%
3 Bed - Min
Max
Average
================================================================================
BROOKSIDE PARK
================================================================================
CITY Mountain View UNITS VACANT
# OF UNITS 132 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX N/A 1 0 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 42 76 13 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-70 N/A 0.76% 0.00% 0.00% 0.00%
- ------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE
- ------------------------------------------------------------------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min 664 N/A N/A N/A N/A N/A N/A 664 $ 775 $ 775 $ 775
Max 802 N/A N/A N/A N/A N/A N/A 802 $ 850 $ 850 $ 850
Average 733 N/A N/A N/A N/A N/A N/A 733 $ 813 $ 813 $ 813
2 Bed - Min 982 N/A N/A N/A N/A N/A N/A 982 $ 950 $ 950 $ 950
Max 1084 N/A N/A N/A N/A N/A N/A 1084 $1,050 $1,050 $1,050
Average 1033 N/A N/A N/A N/A N/A N/A 1033 $1,000 $1,000 $1,000
3 Bed - Min 1314 N/A N/A N/A N/A N/A N/A 1314 $1,250 $1,250 $1,250
Max
Average
- ----------------------------------------------------
RENT PER SQ. FT. %
UNIT MIN MAX AVG CHANGE
- ----------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min $ 1.17 $ 1.17 $ 1.17 N/A
Max $ 1.06 $ 1.06 $ 1.06 N/A
Average $ 1.11 $ 1.11 $ 1.11 N/A
2 Bed - Min $ 0.97 $ 0.97 $ 0.97 N/A
Max $ 0.97 $ 0.97 $ 0.97 N/A
Average $ 0.97 $ 0.97 $ 0.97 N/A
3 Bed - Min $ 0.95 $ 0.95 $ 0.95 N/A
Max
Average
- ---------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 664 $ 775 $ 775 $ 775 $ 1.17 $ 1.17 $ 1.17 0.00%
Max 802 $ 850 $ 850 $ 850 $ 1.06 $ 1.06 $ 1.06 0.00%
Average 733 $ 813 $ 813 $ 813 $ 1.11 $ 1.11 $ 1.11 0.00%
2 Bed - Min 982 $ 950 $ 950 $ 950 $ 0.97 $ 0.97 $ 0.97 0.00%
Max 1084 $ 1,050 $ 1,050 $ 1,050 $ 0.97 $ 0.97 $ 0.97 0.00%
Average 1033 $ 1,000 $ 1,000 $ 1,000 $ 0.97 $ 0.97 $ 0.97 0.00%
3 Bed - Min 1314 $ 1,275 $ 1,275 $ 1,275 $ 0.97 $ 0.97 $ 0.97 2.00%
Max
Average
- --------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min 664 $ 800 $ 800 $ 800 $ 1.20 $ 1.20 $ 1.20 3.23%
Max 802 $ 900 $ 900 $ 900 $ 1.12 $ 1.12 $ 1.12 5.88%
Average 733 $ 850 $ 850 $ 850 $ 1.16 $ 1.16 $ 1.16 4.55%
2 Bed - Min 982 $ 1,000 $ 1,000 $ 1,000 $ 1.02 $ 1.02 $ 1.02 5.26%
Max 1084 $ 1,100 $ 1,100 $ 1,100 $ 1.01 $ 1.01 $ 1.01 4.76%
Average 1033 $ 1,050 $ 1,050 $ 1,050 $ 1.02 $ 1.02 $ 1.02 5.01%
3 Bed - Min 1314 1295 1295 $ 1,295 $ 0.99 $ 0.99 $ 0.99 1.57%
Max
Average
- --------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 664 $ 850 $ 850 $ 850 $ 1.28 $ 1.28 $ 1.28 6.25%
Max 802 $ 975 $ 975 $ 975 $ 1.22 $ 1.22 $ 1.22 8.33%
Average 733 $ 913 $ 913 $ 913 $ 1.25 $ 1.25 $ 1.25 7.29%
2 Bed - Min 982 $ 1,075 $ 1,075 $ 1,075 $ 1.09 $ 1.09 $ 1.09 7.50%
Max 1084 $ 1,200 $ 1,200 $ 1,200 $ 1.11 $ 1.11 $ 1.11 9.09%
Average 1033 $ 1,138 $ 1,138 $ 1,138 $ 1.10 $ 1.10 $ 1.10 8.30%
3 Bed - Min 1314 $ 1,295 $ 1,295 $ 1,295 $ 0.99 $ 0.99 $ 0.99 0.00%
Max
Average
================================================================================
CANYON CREEK
================================================================================
CITY Campbell UNITS VACANT
# OF UNITS 348 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX N/A N/A 200 3 7
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 156 180 12 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Apr-95 N/A N/A 57.47% 0.86% 2.01%
- ----------------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------------
Studio - Min.
Max
Average
1 Bed - Min 768 N/A N/A N/A N/A N/A N/A 768 N/A N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 768 N/A N/A N/A N/A N/A N/A 768 N/A N/A N/A N/A N/A N/A N/A
2 Bed - Min 1064 N/A N/A N/A N/A N/A N/A 1064 N/A N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1064 N/A N/A N/A N/A N/A N/A 1064 N/A N/A N/A N/A N/A N/A N/A
3 Bed - Min 1189 N/A N/A N/A N/A N/A N/A 1189 N/A N/A N/A N/A N/A N/A N/A
Max
Average
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 768 $ 975 $1,080 $1,028 $ 1.27 $ 1.41 $ 1.34 N/A 768 $1,050 $1,200 $1,125
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 768 $ 975 $1,080 $1,028 $ 1.27 $ 1.41 $ 1.34 N/A 768 $1,050 $1,200 $1,125
2 Bed - Min 1064 $1,250 $1,370 $1,310 $ 1.17 $ 1.29 $ 1.23 N/A 1064 $1,490 $1,700 $1,595
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1064 $1,250 $1,370 $1,310 $ 1.17 $ 1.29 $ 1.23 N/A 1064 $1,490 $1,700 $1,595
3 Bed - Min 1189 $1,650 $1,720 $1,685 $ 1.39 $ 1.45 $ 1.42 N/A 1189 1675 1800 $1,738
Max
Average
- -------------------------------------------------------
RENT PER SQ. FT. %
UNIT MIN MAX AVG CHANGE
- -------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min $ 1.37 $ 1.56 $ 1.46 9.49%
Max N/A N/A N/A 0
Average $ 1.37 $ 1.56 $ 1.46 4.74%
2 Bed - Min $ 1.40 $ 1.60 $ 1.50 21.76%
Max N/A N/A N/A 0
Average $ 1.40 $ 1.60 $ 1.50 10.88%
3 Bed - Min $ 1.41 $ 1.51 $ 1.46 3.12%
Max
Average
- ----------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 768 $ 1,325 $ 1,400 $ 1,363 $ 1.73 $ 1.82 $1.77 21.11%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 768 $ 1,325 $ 1,400 $ 1,363 $ 1.73 $ 1.82 $1.77 21.11%
2 Bed - Min 1064 $ 1,500 $ 1,700 $ 1,600 $ 1.41 $ 1.60 $1.50 0.31%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1064 $ 1,500 $ 1,700 $ 1,600 $ 1.41 $ 1.60 $1.50 0.31%
3 Bed - Min 1189 $ 1,900 $ 2,050 $ 1,975 $ 1.60 $ 1.72 $1.66 13.67%
Max
Average
THE CASCADES
CITY Sunnyvale UNITS VACANT
# OF UNITS 184 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 8 4 2 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
44 86 54 0 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-87 4.35% 2.17% 1.09% 0.54% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------
Studio -Min. 458 $ 579 $ 700 $ 640 $1.26 $1.53 $1.40
Max N/A N/A N/A N/A N/A N/A N/A
Average 458 $ 579 $ 700 $ 640 $1.26 $1.53 $1.40
1 Bed - Min 712 $ 661 $ 890 $ 776 $0.93 $1.25 $1.09
Max 733 $ 880 $ 905 $ 893 $1.20 $1.23 $1.22
Average 723 $ 771 $ 898 $ 834 $1.06 $1.24 $1.15
2 Bed - Min 867 $ 745 $1,030 $ 888 $0.86 $1.19 $1.02
Max 930 $1,045 $1,065 $1,055 $1.12 $1.15 $1.13
Average 899 $ 895 $1,048 $ 971 $0.99 $1.17 $1.08
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio -Min. 458 $ 582 $ 700 $ 641 $1.27 $1.53 $1.40 0.23%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 458 $ 582 $ 700 $ 641 $1.27 $1.53 $1.40 0.23%
1 Bed - Min 712 $ 665 $ 890 $ 778 $0.93 $1.25 $1.09 0.26%
Max 733 $ 885 $ 905 $ 895 $1.21 $1.23 $1.22 0.28%
Average 723 $ 775 $ 898 $ 836 $1.07 $1.24 $1.16 0.27%
2 Bed - Min 867 $ 748 $1,040 $ 894 $0.86 $1.20 $1.03 0.73%
Max 930 $1,055 $1,075 $1,065 $1.13 $1.16 $1.15 0.95%
Average 899 $ 902 $1,058 $ 980 $1.00 $1.18 $1.09 0.84%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min 458 $ 582 $ 700 $ 641 $1.27 $1.53 $1.40 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 458 $ 582 $ 700 $ 641 $1.27 $1.53 $1.40 0.00%
1 Bed - Min 712 $ 665 $ 905 $ 785 $0.93 $1.27 $1.10 0.96%
Max 733 $ 905 $ 925 $ 915 $1.23 $1.26 $1.25 2.23%
Average 723 $ 785 $ 915 $ 850 $1.08 $1.27 $1.18 1.60%
2 Bed - Min 867 $ 748 $1,060 $ 904 $0.86 $1.22 $1.04 1.12%
Max 930 $1,075 $1,095 $1,085 $1.16 $1.18 $1.17 1.88%
Average 899 $ 912 $1,078 $ 995 $1.01 $1.20 $1.10 1.50%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min 458 $ 755 $ 775 $ 765 $1.65 $1.69 $1.67 19.34%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 458 $ 755 $ 775 $ 765 $1.65 $1.69 $1.67 19.34%
1 Bed - Min 712 $ 955 $ 975 $ 965 $1.34 $1.37 $1.36 22.93%
Max 733 $ 980 $1,000 $ 990 $1.34 $1.36 $1.35 8.20%
Average 723 $ 968 $ 988 $ 978 $1.34 $1.37 $1.35 15.56%
2 Bed - Min 867 $1,125 $1,150 $1,138 $1.30 $1.33 $1.31 25.83%
Max 930 $1,225 $1,250 $1,238 $1.32 $1.34 $1.33 14.06%
Average 899 $1,175 $1,200 $1,188 $1.31 $1.34 $1.32 19.94%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min 458 $ 850 $ 875 $ 863 $1.86 $1.91 $1.88 12.75%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 458 $ 850 $ 875 $ 863 $1.86 $1.91 $1.88 12.75%
1 Bed - Min 712 $1,075 $1,110 $1,093 $1.51 $1.56 $1.53 13.21%
Max 733 $1,115 $1,140 $1,128 $1.52 $1.56 $1.54 13.89%
Average 723 $1,095 $1,125 $1,110 $1.52 $1.56 $1.54 13.55%
2 Bed - Min 867 $1,280 $1,305 $1,293 $1.48 $1.51 $1.49 13.63%
Max 930 $1,370 $1,395 $1,383 $1.47 $1.50 $1.49 11.72%
Average 899 $1,325 $1,350 $1,338 $1.47 $1.50 $1.49 12.67%
3 Bed - Min
Max
Average
===================================================================================================================================
CEDAR GLEN
===================================================================================================================================
CITY Campbell UNITS VACANT
# OF UNITS 260 6/30/94 12/31/94 6/30/95 12/31/95 06/3096
UNIT MIX 6 13 7 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 110 108 42 6/30/94 12/31/94 6/30/95 12/31/95 06/3096
DATE OPENED Oct-85 2.31% 5.00% 2.69% 0.00% 0.00%
- -----------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min.
Max
Average
1 Bed - Min 654 $ 745 $ 755 $ 750 $1.14 $1.15 $1.15
Max N/A N/A N/A N/A N/A N/A N/A
Average 654 $ 745 $ 755 $ 750 $1.14 $1.15 $1.15
2 Bed - Min 846 $ 860 $ 870 $ 865 $1.02 $1.03 $1.02
Max 893 $ 885 $ 895 $ 890 $0.99 $1.00 $1.00
Average 870 $ 873 $ 883 $ 878 $1.00 $1.02 $1.01
3 Bed - Min 1158 $1,105 $1,115 $1,110 $0.95 $0.96 $0.96
Max
Average
- ------------------------------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ------------------------------------------------------------------------------------------------------------------------
Studio - Min.
Max
Average
1 Bed - Min 654 $ 755 $ 765 $ 760 $1.15 $1.17 $1.16 1.33%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 654 $ 755 $ 765 $ 760 $1.15 $1.17 $1.16 1.33%
2 Bed - Min 846 $ 870 $ 879 $ 875 $1.03 $1.04 $1.03 1.10%
Max 893 $ 905 $ 915 $ 910 $1.01 $1.02 $1.02 2.25%
Average 870 $ 888 $ 897 $ 892 $1.02 $1.03 $1.03 1.67%
3 Bed - Min 1158 $1,120 $1,130 $1,125 $0.97 $0.98 $0.97 1.35%
Max
Average
- ----------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 654 $ 785 $ 795 $ 790 $1.20 $1.22 $1.21 3.95%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 654 $ 785 $ 795 $ 790 $1.20 $1.22 $1.21 3.95%
2 Bed - Min 846 $ 890 $ 899 $ 895 $1.05 $1.06 $1.06 2.29%
Max 893 $ 935 $ 945 $ 940 $1.05 $1.06 $1.05 3.30%
Average 870 $ 913 $ 922 $ 917 $1.05 $1.06 $1.05 2.79%
3 Bed - Min 1158 $1,140 $1,150 $1,145 $0.98 $0.99 $0.99 1.78%
Max
Average
- -----------------------------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min 654 $ 815 $ 825 $ 820 $1.25 $1.26 $1.25 3.80%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 654 $ 815 $ 825 $ 820 $1.25 $1.26 $1.25 3.80%
2 Bed - Min 846 $ 900 $ 910 $ 905 $1.06 $1.08 $1.07 1.17%
Max 893 $ 965 $ 975 $ 970 $1.08 $1.09 $1.09 3.19%
Average 870 $ 933 $ 943 $ 938 $1.07 $1.08 $1.08 2.18%
3 Bed - Min 1158 $1,160 $1,170 $1,165 $1.00 $1.01 $1.01 1.75%
Max
Average
- -------------------------------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 654 $ 940 $ 960 $ 950 $1.44 $1.47 $1.45 15.85%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 654 $ 940 $ 960 $ 950 $1.44 $1.47 $1.45 15.85%
2 Bed - Min 846 $1,080 $1,100 $1,090 $1.28 $1.30 $1.29 20.44%
Max 893 $1,130 $1,150 $1,140 $1.27 $1.29 $1.28 17.53%
Average 870 $1,105 $1,125 $1,115 $1.27 $1.29 $1.28 18.98%
3 Bed - Min 1158 $1,380 $1,380 $1,380 $1.19 $1.19 $1.19 18.45%
Max
Average
==================================================================================================================================
COLONNADE
==================================================================================================================================
CITY San Jose UNITS VACANT
# OF UNITS 215 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 13 8 2 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
30 107 78 0 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-87 4.19% 6.05% 3.72% 0.93% 0.00%
- ---------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------
Studio - Min. 360 $ 675 $ 755 $ 715 $1.88 $2.10 $1.99
Max N/A N/A N/A N/A N/A N/A N/A
Average 360 $ 675 $ 755 $ 715 $1.88 $2.10 $1.99
1 Bed - Min 702 $ 875 $1,000 $ 938 $1.25 $1.42 $1.34
Max N/A N/A N/A N/A N/A N/A N/A
Average 702 $ 875 $1,000 $ 938 $1.25 $1.42 $1.34
2 Bed - Min 926 $1,150 $1,200 $1,175 $1.24 $1.30 $1.27
Max 1067 $1,225 $1,440 $1,333 $1.15 $1.35 $1.25
Average 997 $1,188 $1,320 $1,254 $1.19 $1.32 $1.26
3 Bed - Min
Max
Average
- --------------------------------------------------------------------------------------------------------
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------
Studio - Min. 360 $ 675 $ 675 $ 675 $1.88 $1.88 $1.88 -5.59%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 360 $ 675 $ 675 $ 675 $1.88 $1.88 1.88 -5.59%
1 Bed - Min 702 $ 915 $1,000 $ 958 $1.30 $1.42 $1.36 2.13%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 702 $ 915 $1,000 $ 958 $1.30 $1.42 $1.36 2.13%
2 Bed - Min 926 $1,125 $1,125 $1,125 $1.21 $1.21 $1.21 -4.26%
Max 1067 $1,200 $1,200 $1,200 $1.12 $1.12 $1.12 -9.94%
Average 997 $1,163 $1,163 $1,163 $1.17 $1.17 $1.17 -7.10%
3 Bed - Min
Max
Average
- ---------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------
Studio - Min 360 $ 675 $ 675 $ 675 $1.88 $1.88 $1.88 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 360 $ 675 $ 675 $ 675 $1.88 $1.88 $1.88 0.00%
1 Bed - Min 702 $ 935 $1,000 $ 968 $1.33 $1.42 $1.38 1.04%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 702 $ 935 $1,000 $ 968 $1.33 $1.42 $1.38 1.04%
2 Bed - Min 926 $1,150 $1,230 $1,190 $1.24 $1.33 $1.29 5.78%
Max 1067 $1,250 $1,440 $1,345 $1.17 $1.35 $1.26 12.08%
Average 997 $1,200 $1,335 $1,268 $1.21 $1.34 $1.27 8.93%
3 Bed - Min
Max
Average
- ---------------------------------------------------------------------------------------------------------------
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ---------------------------------------------------------------------------------------------------------------
Studio - Min 360 $ 695 $ 765 $ 730 $1.93 $2.13 $2.03 8.15%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 360 $ 695 $ 765 $ 730 $1.93 $2.13 $2.03 8.15%
1 Bed - Min 702 $ 955 $1,065 $1,010 $1.36 $1.52 $1.44 4.39%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 702 $ 955 $1,065 $1,010 $1.36 $1.52 1.44 4.39%
2 Bed - Min 926 $1,180 $1,275 $1,228 $1.27 $1.38 $1.33 3.15%
Max 1067 $1,285 $1,475 $1,380 $1.20 $1.38 $1.29 2.60%
Average 997 $1,233 $1,375 $1,304 $1.24 $1.38 $1.31 2.88%
3 Bed - Min
Max
Average
- -------------------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- -------------------------------------------------------------------------------------------------------
Studio - Min 360 $ 675 $ 725 $ 700 $1.88 $2.01 $1.94 -4.11%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 360 $ 675 $ 725 $ 700 $1.88 $2.01 $1.94 -4.11%
1 Bed - Min 702 $ 900 $1,000 $ 950 $1.28 $1.42 $1.35 -5.94%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 702 $ 900 $1,000 $ 950 $1.28 $1.42 $1.35 -5.94%
2 Bed - Min 926 $1,250 $1,250 $1,250 $1.35 $1.35 $1.35 1.83%
Max 1067 $1,400 $1,400 $1,400 $1.31 $1.31 $1.31 1.45%
Average 997 $1,325 $1,325 $1,325 $1.33 $1.33 $1.33 1.64%
3 Bed - Min
Max
Average
COUNTRYBROOK
CITY San Jose UNITS VACANT
# OF UNITS 360 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 12 13 8 3 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 109 251 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-84 3.33% 3.61% 2.22% 0.83% 0.00%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 666 $750 $750 $750 $1.13 $1.13 $1.13 666 $765 $765 $765 $1.15 $1.15 $1.15 2.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 666 $750 $750 $750 $1.13 $1.13 $1.13 666 $765 $765 $765 $1.15 $1.15 $1.15 2.00%
2 Bed - Min 983 $875 $875 $875 $0.89 $0.89 $0.89 983 $895 $895 $895 $0.91 $0.91 $0.91 2.29%
Max 1013 $925 $925 $900 $0.91 $0.91 $0.89 1013 $925 $925 $925 $0.91 $0.91 $0.91 2.78%
Average 998 $900 $900 $888 $0.90 $0.90 $0.89 998 $910 $910 $910 $0.91 $0.91 $0.91 2.53%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min. None
Max
Average
1 Bed - Min 666 $ 835 $ 870 $ 853 $1.25 $1.31 $1.28 11.44%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 666 $ 835 $ 870 $ 853 $1.25 $1.31 $1.28 11.44%
2 Bed - Min 983 $1,025 $1,045 $1,035 $1.04 $1.06 $1.05 15.64%
Max 1013 $1,045 $1,065 $1,055 $1.03 $1.05 $1.04 14.05%
Average 998 $1,035 $1,055 $1,045 $1.04 $1.06 $1.05 14.85%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 666 $ 905 $ 940 $ 923 $1.36 $1.41 $1.39 8.21%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 666 $ 905 $ 940 $ 923 $1.36 $1.41 $1.39 8.21%
2 Bed - Min 983 $1,040 $1,060 $1,050 $1.06 $1.08 $1.07 1.45%
Max 1013 $1,080 $1,100 $1,090 $1.07 $1.09 $1.08 3.32%
Average 998 $1,060 $1,080 $1,070 $1.06 $1.08 $1.07 2.38%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min. None
Max
Average
1 Bed - Min 666 $ 950 $ 985 $ 968 $1.43 $1.48 $1.45 4.88%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 666 $ 950 $ 985 $ 968 $1.43 $1.48 $1.45 4.88%
2 Bed - Min 983 $1,115 $1,135 $1,125 $1.13 $1.15 $1.14 7.14%
Max 1013 $1,155 $1,175 $1,165 $1.14 $1.16 $1.15 6.88%
Average 998 $1,135 $1,155 $1,145 $1.14 $1.16 $1.15 7.01%
3 Bed - Min
Max
Average
E'LAN AT RIVER OAKS
CITY San Jose UNITS VACANT
# OF UNITS 941 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 12 13 8 3 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
64 437 440 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Apr-91 10.20% 10.73% 2.55% 1.38% 2.02%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min. 532 $770 $970 $870 $1.45 $1.82 $1.64
Max N/A N/A N/A N/A N/A N/A N/A
Average 532 $770 $970 $870 $1.45 $1.82 $1.64
1 Bed - Min 540 $780 $1,070 $925 $1.44 $1.98 $1.71
Max 780 $945 $1,190 $1,068 $1.21 $1.53 $1.37
Average 660 $863 $1,130 $996 $1.33 $1.75 $1.54
2 Bed - Min 1062 $1,050 $1,520 $1,285 $0.99 $1.43 $1.21
Max 1223 $1,240 $1,620 $1,430 $1.01 $1.32 $1.17
Average 1143 $1,145 $1,570 $1,358 $1.00 $1.38 $1.19
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min. 532 $ 780 $ 990 $ 885 $1.47 $1.86 $1.66 1.72%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 532 $ 780 $ 990 $ 885 $1.47 $1.86 $1.66 1.72%
1 Bed - Min 540 $ 820 $1,070 $ 945 $1.52 $1.98 $1.75 2.16%
Max 780 $ 950 $1,160 $1,055 $1.22 $1.49 $1.35 -1.17%
Average 660 $ 885 $1,115 $1,000 $1.34 $1.69 $1.52 0.50%
2 Bed - Min 1062 $1,050 $1,520 $1,285 $0.99 $1.43 $1.21 0.00%
Max 1223 $1,240 $1,620 $1,430 $1.01 $1.32 $1.17 0.00%
Average 1143 $1,145 $1,570 $1,358 $1.00 $1.38 $1.19 0.00%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min. 532 $ 885 $1,055 $ 970 $1.66 $1.98 $1.82 9.60%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 532 $ 885 $1,055 $ 970 $1.66 $1.98 $1.82 9.60%
1 Bed - Min 540 $ 905 $1,075 $ 990 $1.68 $1.99 $1.83 4.76%
Max 780 $1,085 $1,285 $1,185 $1.39 $1.65 $1.52 12.32%
Average 660 $995 $1,180 $1,088 $1.53 $1.82 $1.68 8.54%
2 Bed - Min 1062 $1,275 $1,645 $1,460 $1.20 $1.55 $1.37 13.62%
Max 1223 $1,420 $1,670 $1,545 $1.16 $1.37 $1.26 8.04%
Average 1143 $1,348 $1,658 $1,503 $1.18 $1.46 $1.32 10.83%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min. 532 $920 $1,050 $ 985 $1.73 $1.97 $1.85 1.55%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 532 $920 $1,050 $ 985 $1.73 $1.97 $1.85 1.55%
1 Bed - Min 540 $940 $1,080 $1,010 $1.74 $2.00 $1.87 2.02%
Max 780 $1,100 $1,290 $1,195 $1.41 $1.65 $1.53 0.84%
Average 660 $1,020 $1,185 $1,103 $1.58 $1.83 $1.70 1.43%
2 Bed - Min 1062 $1,400 $1,790 $1,595 $1.32 $1.69 $1.50 9.25%
Max 1223 $1,545 $1,835 $1,690 $1.26 $1.50 $1.38 9.39%
Average 1143 $1,473 $1,813 $1,643 $1.29 $1.59 $1.44 9.32%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min. 532 $ 975 $1,125 $1,050 $1.83 $2.11 $1.97 6.60%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 532 $ 975 $1,125 $1,050 $1.83 $2.11 $1.97 6.60%
1 Bed - Min 540 $1,005 $1,160 $1,083 $1.86 $2.15 $2.00 7.18%
Max 780 $1,305 $1,465 $1,385 $1.67 $1.88 $1.78 15.90%
Average 660 $1,155 $1,313 $1,234 $1.77 $2.01 $1.89 11.54%
2 Bed - Min 1062 $1,615 $1,975 $1,795 $1.52 $1.86 $1.69 12.54%
Max 1223 $1,695 $1,995 $1,845 $1.39 $1.63 $1.51 9.17%
Average 1143 $1,655 $1,985 $1,820 $1.45 $1.75 $1.60 10.86%
3 Bed - Min
Max
Average
ELLMAR OAKS
CITY San Jose UNITS VACANT
# OF UNITS 266 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX N/A 3 8 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 100 142 24 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-88 N/A 1.13% 3.01% 0.38% 0.00%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 712 N/A N/A N/A N/A N/A N/A 712 $ 800 $850 $ 825 $1.12 $1.19 $1.16
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 712 N/A N/A N/A N/A N/A N/A 712 $ 800 $850 $ 825 $1.12 $1.19 $1.16
2 Bed - Min 942 N/A N/A N/A N/A N/A N/A 942 $ 925 $985 $ 955 $0.98 $1.05 $1.01
Max 1040 N/A N/A N/A N/A N/A N/A 1040 $ 950 $1,110 $1,030 $0.91 $1.07 $0.99
Average 991 N/A N/A N/A N/A N/A N/A 991 $ 938 $1,048 $ 993 $0.95 $1.06 $1.00
3 Bed - Min 1155 N/A N/A N/A N/A N/A N/A 1155 $1,125 $1,125 $1,125 $0.97 $0.97 $0.97
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1155 N/A N/A N/A N/A N/A N/A 1155 $1,125 $1,125 $1,125 $0.97 $0.97 $0.97
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min. None
Max
Average
1 Bed - Min 712 $ 825 $ 875 $ 850 $1.16 $1.23 $1.19 3.03%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 712 $ 825 $ 875 $ 850 $1.16 $1.23 $1.19 3.03%
2 Bed - Min 942 $ 950 $1,010 $ 980 $1.01 $1.07 $1.04 2.62%
Max 1040 975 1035 $1,005 $0.94 $1.00 $0.97 -2.43%
Average 991 $ 963 $1,023 $993 $0.97 $1.03 $1.00 0.10%
3 Bed - Min 1155 $1,125 $1,125 $1,125 $0.97 $0.97 $0.97 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1155 $1,125 $1,125 $1,125 $0.97 $0.97 $0.97 0.00%
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 712 $ 850 $ 900 $ 875 $1.19 $1.26 $1.23 2.94%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 712 $ 850 $ 900 $ 875 $1.19 $1.26 $1.23 2.94%
2 Bed - Min 942 $ 995 $1,050 $1,023 $1.06 $1.11 $1.09 4.34%
Max 1040 $1,025 $1,075 $1,050 $0.99 $1.03 $1.01 4.48%
Average 991 $1,010 $1,063 $1,036 $1.02 $1.07 $1.05 4.41%
3 Bed - Min 1155 $1,125 $1,125 $1,125 $0.97 $0.97 $0.97 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1155 $1,125 $1,125 $1,125 $0.97 $0.97 $0.97 0.00%
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min. None
Max
Average
1 Bed - Min 712 $ 875 $ 925 $ 900 $1.23 $1.30 $1.26 2.86%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 712 $ 875 $ 925 $ 900 $1.23 $1.30 $1.26 2.86%
2 Bed - Min 942 $ 995 $1,050 $1,023 $1.06 $1.11 $1.09 0.00%
Max 1040 $1,025 $1,075 $1,050 $0.99 $1.03 $1.01 0.00%
Average 991 $1,010 $1,063 $1,036 $1.02 $1.07 $1.05 0.00%
3 Bed - Min 1155 $1,125 $1,225 $1,175 $0.97 $1.06 $1.02 4.44%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1155 $1,125 $1,225 $1,175 $0.97 $1.06 $1.02 4.44%
FAIRWAY GLEN
CITY San Jose UNITS VACANT
# OF UNITS 144 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 3 4 5 2 2
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 64 80 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Nov-86 2.08% 2.78% 3.47% 1.39% 1.39%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 640 $785 $800 $793 $1.23 $1.25 $1.24 640 $850 $895 $873 $1.33 $1.40 $1.36 10.09%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 640 $785 $800 $793 $1.23 $1.25 $1.24 640 $850 $895 $873 $1.33 $1.40 $1.36 10.09%
2 Bed - Min 926 $915 $945 $930 $0.99 $1.02 $1.00 926 $930 $970 $950 $1.00 $1.05 $1.03 2.15%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 926 $915 $945 $930 $0.99 $1.02 $1.00 926 $930 $970 $950 $1.00 $1.05 $1.03 2.15%
3 Bed - Min N/A
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 640 $850 $895 $873 $1.33 $1.40 $1.36 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 640 $850 $895 $873 $1.33 $1.40 $1.36 0.00%
2 Bed - Min 926 $950 $995 $973 $1.03 $1.07 $1.05 2.37%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 926 $950 $995 $973 $1.03 $1.07 $1.05 2.37%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 640 $ 875 $ 895 $ 885 $1.37 $1.40 $1.38 1.43%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 640 $ 875 $ 895 $ 885 $1.37 $1.40 $1.38 1.43%
2 Bed - Min 926 $1,075 $1,125 $1,100 $1.16 $1.21 $1.19 13.11%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 926 $1,075 $1,125 $1,100 $1.16 $1.21 $1.19 13.11%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 640 $ 975 $1,015 $ 995 $1.52 $1.59 $1.55 12.43%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 640 $ 975 $1,015 $ 995 $1.52 $1.59 $1.55 12.43%
2 Bed - Min 926 $1,225 $1,275 $1,250 $1.32 $1.38 $1.35 13.64%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 926 $1,225 $1,275 $1,250 $1.32 $1.38 $1.35 13.64%
3 Bed - Min
Max
Average
FOUNTAINS AT RIVER OAKS
CITY San Jose UNITS VACANT
# OF UNITS 226 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 12 4 5 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 100 126 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Aug-91 5.31% 1.77% 2.21% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 725 $ 855 $ 880 $ 868 $1.18 $1.21 $1.20
Max 875 $ 945 $ 945 $ 945 $1.08 $1.08 $1.08
Average 800 $ 900 $ 913 $ 906 $1.13 $1.15 $1.14
2 Bed - Min 1025 $1,025 $1,025 $1,025 $1.00 $1.00 $1.00
Max 1075 $1,175 $1,175 $1,175 $1.09 $1.09 $1.09
Average 1050 $1,100 $1,100 $1,100 $1.05 $1.05 $1.05
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 725 $ 885 $ 935 $ 910 $1.22 $1.29 $1.26 4.90%
Max 875 $ 965 $ 975 $ 970 $1.10 $1.11 $1.11 2.65%
Average 800 $ 925 $ 955 $ 940 $1.16 $1.19 $1.18 3.77%
2 Bed - Min 1025 $1,140 $1,150 $1,145 $1.11 $1.12 $1.12 11.71%
Max 1075 $1,195 $1,205 $1,200 $1.11 $1.12 $1.12 2.13%
Average 1050 $1,168 $1,178 $1,173 $1.11 $1.12 $1.12 6.92%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 725 $920 $950 $935 $1.27 $1.31 $1.29 2.75%
Max 875 $1,015 $1,045 $1,030 $1.16 $1.19 $1.18 6.19%
Average 800 $968 $998 $983 $1.21 $1.25 $1.23 4.47%
2 Bed - Min 1025 $1,220 $1,250 $1,235 $1.19 $1.22 $1.20 7.86%
Max 1075 $1,270 $1,300 $1,285 $1.18 $1.21 $1.20 7.08%
Average 1050 $1,245 $1,275 $1,260 $1.19 $1.21 $1.20 7.47%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 725 $1,110 $1,135 $1,123 $1.53 $1.57 $1.55 20.05%
Max 875 $1,200 $1,200 $1,200 $1.37 $1.37 $1.37 16.50%
Average 800 $1,155 $1,168 $1,161 $1.45 $1.47 $1.46 18.28%
2 Bed - Min 1025 $1,415 $1,415 $1,415 $1.38 $1.38 $1.38 14.57%
Max 1075 $1,510 $1,510 $1,510 $1.40 $1.40 $1.40 17.51%
Average 1050 $1,463 $1,463 $1,463 $1.39 $1.39 $1.39 16.04%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 725 $1,120 $1,120 $1,120 $1.54 $1.54 $1.54 -0.22%
Max 875 $1,330 $1,330 $1,330 $1.52 $1.52 $1.52 10.83%
Average 800 $1,225 $1,225 $1,225 $1.53 $1.53 $1.53 5.31%
2 Bed - Min 1025 $1,530 $1,530 $1,530 $1.49 $1.49 $1.49 8.13%
Max 1075 $1,710 $1,710 $1,710 $1.59 $1.59 $1.59 13.25%
Average 1050 $1,620 $1,620 $1,620 $1.54 $1.54 $1.54 10.69%
3 Bed - Min
Max
Average
FOXCHASE
CITY San Jose UNITS VACANT
# OF UNITS 396 6/30/94 12/31/94 6/30/65 12/31/95 6/30/96
UNIT MIX 9 4 8 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 156 240 N/A 6/30/94 12/31/94 6/30/65 12/31/95 6/30/96
DATE OPENED Jan-84 2.27% 1.01% 2.02% 0.25% 0.00%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 710 $785 $805 $795 $1.11 $1.13 $1.12 710 $850 $860 $855 $1.20 $1.21 $1.20 7.55%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 710 $785 $805 $795 $1.11 $1.13 $1.12 710 $850 $860 $855 $1.20 $1.21 $1.20 7.55%
2 Bed - Min 932 $905 $935 $920 $0.97 $1.00 $0.99 932 $950 $970 $960 $1.02 $1.04 $1.03 4.35%
Max 947 $905 $955 $900 $0.96 $1.01 $0.95 947 $950 $970 $960 $1.00 $1.02 $1.01 6.67%
Average 940 $905 $945 $910 $0.96 $1.01 $0.97 940 $950 $970 $960 $1.01 $1.03 $1.02 5.51%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 710 $870 $895 $883 $1.23 $1.26 $1.24 3.22% 710 $945 $995 $970 $1.33 $1.40 $1.37 9.92%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 710 $870 $895 $883 $1.23 $1.26 $1.24 3.22% 710 $945 $995 $970 $1.33 $1.40 $1.37 9.92%
2 Bed - Min 932 $995 $1,015 $1,005 $1.07 $1.09 $1.08 4.69% 932 $1,145 $1,195 $1,170 $1.23 $1.28 $1.26 16.42%
Max 947 $995 $1,015 $1,005 $1.05 $1.07 $1.06 4.69% 947 $1,145 $1,195 $1,170 $1.21 $1.26 $1.24 16.42%
Average 940 $995 $1,015 $1,005 $1.06 $1.08 $1.07 4.69% 940 $1,145 $1,195 $1,170 $1.22 $1.27 $1.25 16.42%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 710 $1,050 $1,050 $1,050 $1.48 $1.48 $1.48 8.25%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 710 $1,050 $1,050 $1,050 $1.48 $1.48 $1.48 8.25%
2 Bed - Min 932 $1,255 $1,255 $1,255 $1.35 $1.35 $1.35 7.26%
Max 947 $1,255 $1,255 $1,255 $1.33 $1.33 $1.33 7.26%
Average 940 $1,255 $1,255 $1,255 $1.34 $1.34 $1.34 7.26%
3 Bed - Min
Max
Average
GREENDALE
CITY Mountain View UNITS VACANT
# OF UNITS 154 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 11 9 4 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 38 81 34 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-69 7.14% 5.84% 2.60% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 540 $795 $820 $808 $1.47 $1.52 $1.50 540 $795 $820 $808 $1.47 $1.52 $1.50 0.00%
Max 705 $890 $930 $910 $1.26 $1.32 $1.29 705 $890 $930 $910 $1.26 $1.32 $1.29 0.00%
Average 623 $843 $875 $859 $1.37 $1.42 $1.39 623 $843 $875 $859 $1.35 $1.41 $1.38 0.00%
2 Bed - Min 940 $1,055 $1,110 $1,083 $1.12 $1.18 $1.15 940 $1,055 $1,110 $1,083 $1.12 $1.18 $1.15 0.00%
Max 1160 $1,205 $1,265 $1,235 $1.04 $1.09 $1.06 1160 $1,205 $1,265 $1,235 $1.04 $1.09 $1.06 0.00%
Average 1050 $1,130 $1,188 $1,159 $1.08 $1.14 $1.11 1050 $1,130 $1,188 $1,159 $1.08 $1.14 $1.11 0.00%
3 Bed - Min 1305 $1,305 $1,370 $1,338 $1.00 $1.05 $1.02 1305 $1,305 $1,370 $1,338 $1.00 $1.05 $1.02 0.00%
Max
Average
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 540 $820 $845 $833 $1.52 $1.56 $1.54 3.10% 540 $910 $935 $923 $1.69 $1.73 $1.71 10.81%
Max 705 $920 $960 $940 $1.30 $1.36 $1.33 3.30% 705 $1,045 $1,070 $1,058 $1.48 $1.52 $1.50 12.50%
Average 623 $870 $903 $886 $1.41 $1.46 $1.44 3.20% 623 $978 $1,003 $990 $1.58 $1.62 $1.60 11.66%
2 Bed - Min 940 $1,095 $1,150 $1,123 $1.16 $1.22 $1.19 3.70% 940 $1,225 $1,280 $1,253 $1.30 $1.36 $1.33 11.58%
Max 1160 $1,245 $1,305 $1,275 $1.07 $1.13 $1.10 3.24% 1160 $1,405 $1,445 $1,425 $1.21 $1.25 $1.23 11.76%
Average 1050 $1,170 $1,228 $1,199 $1.11 $1.17 $1.14 3.47% 1050 $1,315 $1,363 $1,339 $1.26 $1.30 $1.28 11.67%
3 Bed - Min 1305 $1,355 $1,420 $1,388 $1.04 $1.09 $1.06 3.74% 1305 $1,505 $1,570 $1,538 $1.15 $1.20 $1.18 10.81%
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 540 $910 $935 $923 $1.69 $1.73 $1.71 0.00%
Max 705 $1,075 $1,100 $1,088 $1.52 $1.56 $1.54 2.84%
Average 623 $993 $1,018 $1,005 $1.61 $1.65 $1.63 1.42%
2 Bed - Min 940 $1,265 $1,370 $1,318 $1.35 $1.46 $1.40 5.19%
Max 1160 $1,445 $1,465 $1,455 $1.25 $1.26 $1.25 2.11%
Average 1050 $1,355 $1,418 $1,386 $1.29 $1.35 $1.32 3.65%
3 Bed - Min 1305 $1,565 $1,630 $1,598 $1.20 $1.25 $1.22 3.90%
Max
Average
GREENTREE
CITY San Jose UNITS VACANT
# OF UNITS 220 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 14 5 4 2 4
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 68 152 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
6.36% 2.27% 1.82% 0.91% 1.82%
DATE OPENED Jan-85
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 650 $735 $760 $748 $1.13 $1.17 $1.15
Max N/A N/A N/A N/A N/A N/A N/A
Average 650 $735 $760 $748 $1.13 $1.17 $1.15
2 Bed - Min 862 $850 $900 $875 $0.99 $1.04 $1.02
Max N/A N/A N/A N/A N/A N/A N/A
Average 862 $850 $900 $875 $0.99 $1.04 $1.02
3 Bed - Min N/A
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
650 $770 $790 $780 $1.18 $1.22 $1.20 4.35%
1 Bed - Min N/A N/A N/A N/A N/A N/A N/A N/A
Max 650 $770 $790 $780 $1.18 $1.22 $1.20 4.35%
Average
862 $860 $895 $878 $1.00 $1.04 $1.02 0.29%
2 Bed - Min N/A N/A N/A N/A N/A N/A N/A N/A
Max 862 $860 $895 $878 $1.00 $1.04 $1.02 0.29%
Average
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 650 $770 $815 $793 $1.18 $1.25 $1.22 1.60%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 650 $770 $815 $793 $1.18 $1.25 $1.22 1.60%
2 Bed - Min 862 $890 $935 $913 $1.03 $1.08 $1.06 3.99%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 862 $890 $935 $913 $1.03 $1.08 $1.06 3.99%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 650 $820 $840 $830 $1.26 $1.29 $1.28 4.73%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 650 $820 $840 $830 $1.26 $1.29 $1.28 4.73%
2 Bed - Min 862 $950 $970 $960 $1.10 $1.13 $1.11 5.21%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 862 $950 $970 $960 $1.10 $1.13 $1.11 5.21%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 650 $ 835 $ 855 $ 855 $1.28 $1.32 $1.32 3.01%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 650 $ 835 $ 855 $ 855 $1.28 $1.32 $1.32 3.01%
2 Bed - Min 862 $1,010 $1,050 $1,030 $1.17 $1.22 $1.19 7.29%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 862 $1,010 $1,050 $1,030 $1.17 $1.22 $1.19 7.29%
3 Bed - Min
Max
Average
THE GROVE
CITY Sunnyvale UNITS VACANT
# OF UNITS 220 6/30/94 12/31/94 6/30/65 12/31/95 6/30/96
UNIT MIX 6 8 3 3 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 80 140 N/A 6/30/94 12/31/94 6/30/65 12/31/95 6/30/96
DATE OPENED Jan-86 2.73% 3.64% 1.36% 1.36% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 659 $ 850 $ 870 $ 860 $1.29 $1.32 $1.31
Max N/A N/A N/A N/A N/A N/A N/A
Average 659 $ 850 $ 870 $ 860 $1.29 $1.32 $1.31
2 Bed - Min 912 $1,040 $1,060 $1,050 $1.14 $1.16 $1.15
Max N/A N/A N/A N/A N/A N/A N/A
Average 912 $1,040 $1,060 $1,050 $1.14 $1.16 $1.15
3 Bed - Min N/A
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 659 $ 900 $ 920 $ 910 $1.37 $1.40 $1.38 5.81%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 659 $ 900 $ 920 $ 910 $1.37 $1.40 $1.38 5.81%
2 Bed - Min 912 $1,040 $1,060 $1,050 $1.14 $1.16 $1.15 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 912 $1,040 $1,060 $1,050 $1.14 $1.16 $1.15 0.00%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 659 $ 955 $ 975 $ 965 $1.45 $1.48 $1.46 6.04%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 659 $ 955 $ 975 $ 965 $1.45 $1.48 $1.46 6.04%
2 Bed - Min 912 $1,125 $1,145 $1,135 $1.23 $1.26 $1.24 8.10%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 912 $1,125 $1,145 $1,135 $1.23 $1.26 $1.24 8.10%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 659 $1,085 $1,105 $1,095 $1.65 $1.68 $1.66 13.47%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 659 $1,085 $1,105 $1,095 $1.65 $1.68 $1.66 13.47%
2 Bed - Min 912 $1,305 $1,325 $1,315 $1.43 $1.45 $1.44 15.86%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 912 $1,305 $1,325 $1,315 $1.43 $1.45 $1.44 15.86%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 659 $1,260 $1,280 $1,270 $1.91 $1.94 $1.93 15.98%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 659 $1,260 $1,280 $1,270 $1.91 $1.94 $1.93 15.98%
2 Bed - Min 912 $1,455 $1,475 $1,465 $1.60 $1.62 $1.61 11.41%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 912 $1,455 $1,475 $1,465 $1.60 $1.62 $1.61 11.41%
3 Bed - Min
Max
Average
HEATHERSTONE
CITY Mountain View UNITS VACANT
# OF UNITS 108 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 3 4 2 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 84 24 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-68 2.78% 3.70% 1.85% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 700 $875 $ 875 $ 875 $1.25 $1.25 $1.25
Max 750 $890 $ 890 $ 890 $1.19 $1.19 $1.19
Average 725 $883 $ 883 $ 883 $1.22 $1.22 $1.22
2 Bed - Min 950 $990 $1,055 $1,023 $1.04 $1.11 $1.08
Max N/A N/A N/A N/A N/A N/A N/A
Average 950 $990 $1,055 $1,023 $1.04 $1.11 $1.08
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 700 $875 $ 875 $ 875 $1.25 $1.25 $1.25 0.00%
Max 750 $890 $ 890 $ 890 $1.19 $1.19 $1.19 0.00%
Average 725 $883 $ 883 $ 883 $1.22 $1.22 $1.22 0.00%
2 Bed - Min 950 $990 $1,055 $1,023 $1.04 $1.11 $1.08 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $990 $1,055 $1,023 $1.04 $1.11 $1.08 0.00%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 700 $ 905 $ 920 $ 913 $1.29 $1.31 $1.30 4.29%
Max 750 $ 910 $ 965 $ 938 $1.21 $1.29 $1.25 5.34%
Average 725 $ 908 $ 943 $ 925 $1.25 $1.30 $1.28 4.81%
2 Bed - Min 950 $1,110 $1,150 $1,130 $1.17 $1.21 $1.19 10.51%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,110 $1,150 $1,130 $1.17 $1.21 $1.19 10.51%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 700 $ 985 $1,000 $ 993 $1.41 $1.43 $1.42 8.77%
Max 750 $1,010 $1,055 $1,033 $1.35 $1.41 $1.38 10.13%
Average 725 $ 998 $1,028 $1,013 $1.38 $1.42 $1.40 9.45%
2 Bed - Min 950 $1,205 $1,235 $1,220 $1.27 $1.30 $1.28 7.96%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,205 $1,235 $1,220 $1.27 $1.30 $1.28 7.96%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 700 $1,230 $1,230 $1,230 $1.76 $1.76 $1.76 23.93%
Max 750 $1,320 $1,320 $1,320 $1.76 $1.76 $1.76 27.85%
Average 725 $1,275 $1,275 $1,275 $1.76 $1.76 $1.76 25.89%
2 Bed - Min 950 $1,390 $1,440 $1,415 $1.46 $1.52 $1.49 15.98%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,390 $1,440 $1,415 $1.46 $1.52 $1.49 15.98%
3 Bed - Min
Max
Average
KENSINGTON PLACE
CITY Sunnyvale UNITS VACANT
# OF UNITS 186 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 7 2 3 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 96 74 16 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jul-93 3.76% 1.08% 1.61% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 700 $ 895 $ 990 $ 943 $1.28 $1.41 $1.35
Max N/A N/A N/A N/A N/A N/A N/A
Average 700 $ 895 $ 990 $ 943 $1.28 $1.41 $1.35
2 Bed - Min 1055 $1,190 $1,190 $1,190 $1.13 $1.13 $1.13
Max 1087 $1,300 $1,300 $1,300 $1.20 $1.20 $1.20
Average 1071 $1,245 $1,245 $1,245 $1.16 $1.16 $1.16
3 Bed - Min 1386 $1,547 $1,647 $1,597 $1.12 $1.19 $1.15
Max N/A N/A N/A N/A N/A N/A N/A
Average 1386 $1,547 $1,647 $1,597 $1.12 $1.19 $1.15
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 700 $ 910 $1,005 $ 958 $1.30 $1.44 $1.37 1.59%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $ 910 $1,005 $ 958 $1.30 $1.44 $1.37 1.59%
2 Bed - Min 1055 $1,205 $1,205 $1,205 $1.14 $1.14 $1.14 1.26%
Max 1087 $1,315 $1,315 $1,315 $1.21 $1.21 $1.21 1.15%
Average 1071 $1,260 $1,260 $1,260 $1.18 $1.18 $1.18 0.01%
3 Bed - Min 1386 $1,565 $1,655 $1,610 $1.13 $1.19 $1.16 0.81%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1386 $1,565 $1,655 $1,610 $1.13 $1.19 $1.16 0.01%
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 700 $1,035 $1,135 $1,085 $1.48 $1.62 $1.55 13.32%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,035 $1,135 $1,085 $1.48 $1.62 $1.55 13.32%
2 Bed - Min 1055 $1,335 $1,365 $1,350 $1.27 $1.29 $1.28 12.03%
Max 1087 $1,335 $1,455 $1,395 $1.23 $1.34 $1.28 6.08%
Average 1071 $1,335 $1,410 $1,373 $1.25 $1.32 $1.28 9.06%
3 Bed - Min 1386 $1,670 $1,775 $1,723 $1.20 $1.28 $1.24 6.99%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1386 $1,670 $1,775 $1,723 $1.20 $1.28 $1.24 6.99%
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 700 $1,130 $1,240 $1,185 $1.61 $1.77 $1.69 9.22%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,130 $1,240 $1,185 $1.61 $1.77 $1.69 9.22%
2 Bed - Min 1055 $1,445 $1,525 $1,485 $1.37 $1.45 $1.41 10.00%
Max 1087 $1,495 $1,590 $1,543 $1.38 $1.46 $1.42 10.57%
Average 1071 $1,470 $1,558 $1,514 $1.37 $1.45 $1.41 10.29%
3 Bed - Min 1386 $1,725 $1,815 $1,770 $1.24 $1.31 $1.28 2.76%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1386 $1,725 $1,815 $1,770 $1.24 $1.31 $1.28 2.76%
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 700 $1,310 $1,405 $1,358 $1.87 $2.01 $1.94 14.56%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,310 $1,405 $1,358 $1.87 $2.01 $1.94 14.56%
2 Bed - Min 1055 $1,645 $1,790 $1,718 $1.56 $1.70 $1.63 15.66%
Max 1087 $1,645 $1,790 $1,718 $1.51 $1.65 $1.58 11.35%
Average 1071 $1,645 $1,790 $1,718 $1.54 $1.67 $1.60 13.50%
3 Bed - Min 1386 $1,895 $1,985 $1,940 $1.37 $1.43 $1.40 9.60%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1386 $1,895 $1,985 $1,940 $1.37 $1.43 $1.40 9.60%
KIMBERLY WOODS
CITY San Jose UNITS VACANT
# OF UNITS 208 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 15 9 4 0 3
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 60 148 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Oct-85 7.21% 4.33% 1.92% 0.00% 1.44%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 792 $ 895 $ 895 $ 895 $1.13 $1.13 $1.13
Max 860 $ 925 $ 935 $ 930 $1.08 $1.09 $1.08
Average 826 $ 910 $ 915 $ 913 $1.10 $1.11 $1.11
2 Bed - Min 1090 $1,040 $1,075 $1,058 $0.95 $0.99 $0.97
Max 1230 $1,150 $1,175 $1,163 $0.93 $0.96 $0.95
Average 1160 $1,095 $1,125 $1,110 $0.94 $0.97 $0.96
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 792 $ 895 $ 895 $ 895 $1.13 $1.13 $1.13 0.00%
Max 860 $ 925 $ 935 $ 930 $1.08 $1.09 $1.08 0.00%
Average 826 $ 910 $ 915 $ 913 $1.10 $1.11 $1.10 0.00%
2 Bed - Min 1090 $1,040 $1,075 $1,058 $0.95 $0.99 $0.97 0.00%
Max 1230 $1,150 $1,175 $1,163 $0.93 $0.96 $0.95 0.00%
Average 1160 $1,095 $1,125 $1,110 $0.94 $0.97 $0.96 0.00%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 792 $ 905 $ 905 $ 905 $1.14 $1.14 $1.14 1.12%
Max 860 $ 935 $ 945 $ 940 $1.09 $1.10 $1.09 1.08%
Average 826 $ 920 $ 925 $ 923 $1.11 $1.12 $1.12 1.10%
2 Bed - Min 1090 $1,050 $1,085 $1,068 $0.96 $1.00 $0.98 0.95%
Max 1230 $1,160 $1,185 $1,173 $0.94 $0.96 $0.95 0.86%
Average 1160 $1,105 $1,135 $1,120 $0.95 $0.98 $0.97 0.90%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 792 $ 950 $ 950 $ 950 $1.20 $1.20 $1.20 4.97%
Max 860 $1,000 $1,000 $1,000 $1.16 $1.16 $1.16 6.38%
Average 826 $ 975 $ 975 $ 975 $1.18 $1.18 $1.18 5.68%
2 Bed - Min 1090 $1,200 $1,290 $1,245 $1.10 $1.18 $1.14 16.63%
Max 1230 $1,300 $1,350 $1,325 $1.06 $1.10 $1.08 13.01%
Average 1160 $1,250 $1,320 $1,285 $1.08 $1.14 $1.11 14.82%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 792 $1,110 $1,110 $1,110 $1.40 $1.40 $1.40 16.84%
Max 860 $1,140 $1,155 $1,148 $1.33 $1.34 $1.33 14.75%
Average 826 $1,125 $1,133 $1,129 $1.36 $1.37 $1.37 15.80%
2 Bed - Min 1090 $1,305 $1,370 $1,338 $1.20 $1.26 $1.23 7.43%
Max 1230 $1,420 $1,495 $1,458 $1.15 $1.22 $1.18 10.00%
Average 1160 $1,363 $1,433 $1,398 $1.17 $1.23 $1.20 8.71%
3 Bed - Min
Max
Average
LINCOLN GREEN
CITY Sunnyvale UNITS VACANT
# OF UNITS 173 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 9 6 0 3
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 60 113 0 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-79 5.20% 5.20% 3.47% 0.00% 1.73%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 600 $760 $770 $765 $1.27 $1.28 $1.28
Max N/A N/A N/A N/A N/A N/A N/A
Average 600 $760 $770 $765 $1.27 $1.28 $1.28
2 Bed - Min 800 $900 $915 $908 $1.13 $1.14 $1.13
Max 850 $945 $960 $953 $1.11 $1.13 $1.12
Average 825 $923 $938 $930 $1.12 $1.14 $1.13
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 600 $760 $770 $765 $1.27 $1.28 $1.28 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 600 $760 $770 $765 $1.27 $1.28 $1.28 0.00%
2 Bed - Min 800 $910 $910 $910 $1.14 $1.14 $1.14 0.28%
Max 850 $950 $950 $950 $1.12 $1.12 $1.12 -0.26%
Average 825 $930 $930 $930 $1.13 $1.13 $1.13 $0.00
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 600 800 $810 $805 $1.33 $1.35 $1.34 5.23%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 600 800 $810 $805 $1.33 $1.35 $1.34 5.23%
2 Bed - Min 800 910 $965 $938 $1.14 $1.21 $1.17 3.02%
Max 850 995 $1,010 $1,003 $1.17 $1.19 $1.18 5.53%
Average 825 953 $988 $970 $1.15 $1.20 $1.18 4.27%
3 Bed - Min
Max
Average
UNIT RANGE DEC-95 RENT PER SQ. FT. %
SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 600 $840 $850 $845 $1.40 $1.42 $1.41 4.97%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 600 $840 $850 $845 $1.40 $1.42 $1.41 4.97%
2 Bed - Min 800 $990 $1,005 $998 $1.24 $1.26 $1.25 6.40%
Max 850 $1,035 $1,050 $1,043 $1.22 $1.24 $1.23 3.99%
Average 825 $1,013 $1,028 $1,020 $1.23 $1.25 $1.24 5.20%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 600 $940 $950 $945 $1.57 $1.58 $1.58 11.83%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 600 $940 $950 $945 $1.57 $1.58 $1.58 11.83%
2 Bed - Min 800 $1,110 $1,150 $1,130 $1.39 $1.44 $1.41 13.28%
Max 850 $1,180 $1,200 $1,190 $1.39 $1.41 $1.40 14.15%
Average 825 $1,145 $1,175 $1,160 $1.39 $1.42 $1.41 13.72%
3 Bed - Min
Max
Average
LOS PADRES VILLAGE
CITY Santa Clara UNITS VACANT
# OF UNITS 245 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 7 11 6 1 3
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 145 100 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Dec-86 2.86% 4.49% 2.45% 0.41% 1.22%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 716 $850 $860 $855 $1.19 $1.20 $1.19
Max N/A N/A N/A N/A N/A N/A N/A
Average 716 $850 $860 $855 $1.19 $1.20 $1.19
2 Bed - Min 858 $965 $975 $970 $1.12 $1.14 $1.13
Max 946 $1,030 $1,050 $1,040 $1.09 $1.11 $1.10
Average 902 $998 $1,013 $1,005 $1.11 $1.12 $1.11
3 Bed - Min N/A
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 716 $850 $860 $855 $1.19 $1.20 $1.19 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 716 $850 $860 $855 $1.19 $1.20 $1.19 0.00%
2 Bed - Min 858 $965 $975 $970 $1.12 $1.14 $1.13 0.00%
Max 946 $1,030 $1,050 $1,040 $1.09 $1.11 $1.10 0.00%
Average 902 $998 $1,013 $1,005 $1.11 $1.12 $1.11 0.00%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 716 $915 $955 $935 $1.28 $1.33 $1.31 10.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 716 $915 $955 $935 $1.28 $1.33 $1.31 10.00%
2 Bed - Min 858 $1,025 $1,045 $1,035 $1.19 $1.22 $1.21 7.25%
Max 946 $1,145 $1,155 $1,150 $1.21 $1.22 $1.22 11.65%
Average 902 $1,085 $1,100 $1,093 $1.20 $1.22 $1.21 9.45%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 716 $965 $995 $980 $1.35 $1.39 $1.37 4.81%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 716 $965 $995 $980 $1.35 $1.39 $1.37 4.81%
2 Bed - Min 858 $1,075 $1,095 $1,085 $1.25 $1.28 $1.26 4.83%
Max 946 $1,155 $1,195 $1,175 $1.22 $1.26 $1.24 2.17%
Average 902 $1,115 $1,145 $1,130 $1.24 $1.27 $1.25 3.50%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 716 $1,137 $1,183 $1,160 $1.59 $1.65 $1.62 20.21%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 716 $1,137 $1,183 $1,160 $1.59 $1.65 $1.62 20.21%
2 Bed - Min 858 $1,343 $1,363 $1,353 $1.57 $1.59 $1.58 25.86%
Max 946 $1,447 $1,457 $1,452 $1.53 $1.54 $1.53 25.71%
Average 902 $1,395 $1,410 $1,403 $1.55 $1.56 $1.56 25.79%
3 Bed - Min
Max
Average
MACARA GARDENS
CITY Sunnyvale UNITS VACANT
# OF UNITS 234 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 7 4 8 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 142 92 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Sep-85 2.99% 1.71% 3.42% 0.00% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min.
Max
Average
1 Bed - Min 658 $790 $825 $808 $1.20 $1.25 $1.23
Max N/A N/A N/A N/A N/A N/A N/A
Average 658 $790 $825 $808 $1.20 $1.25 $1.23
2 Bed - Min 903 $980 $1,020 $1,000 $1.09 $1.13 $1.11
Max N/A N/A N/A N/A N/A N/A N/A
Average 903 $980 $1,020 $1,000 $1.09 $1.13 $1.11
3 Bed - Min N/A
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 658 $825 $825 $825 $1.25 $1.25 $1.25 2.17%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 658 $825 $825 $825 $1.25 $1.25 $1.25 2.17%
2 Bed - Min 903 $995 $1,035 $1,015 $1.10 $1.15 $1.12 1.50%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 903 $995 $1,035 $1,015 $1.10 $1.15 $1.12 1.50%
3 Bed - Min
Max
Average
- ---------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 658 $850 $860 $855 $1.29 $1.31 $1.30 3.64%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 658 $850 $860 $855 $1.29 $1.31 $1.30 3.64%
2 Bed - Min 903 $1,025 $1,050 $1,038 $1.14 $1.16 $1.15 2.22%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 903 $1,025 $1,050 $1,038 $1.14 $1.16 $1.15 2.22%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 658 $960 $970 $965 $1.46 $1.47 $1.47 12.87%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 658 $960 $970 $965 $1.46 $1.47 $1.47 12.87%
2 Bed - Min 903 $1,180 $1,205 $1,193 $1.31 $1.33 $1.32 14.94%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 903 $1,180 $1,205 $1,193 $1.31 $1.33 $1.32 14.94%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 658 $1,020 $1,030 $1,025 $1.55 $1.57 $1.56 6.22%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 658 $1,020 $1,030 $1,025 $1.55 $1.57 $1.56 6.22%
2 Bed - Min 903 $1,230 $1,250 $1,240 $1.36 $1.38 $1.37 3.98%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 903 $1,230 $1,250 $1,240 $1.36 $1.38 $1.37 3.98%
3 Bed - Min
Max
Average
MANSION GROVE
CITY Santa Clara UNITS VACANT
# OF UNITS 876 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 48 33 34 4 1
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 438 438 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-88 5.48% 3.77% 3.88% 0.46% 0.11%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 700 $795 $865 $830 $1.14 $1.24 $1.19
Max N/A N/A N/A N/A N/A N/A N/A
Average 700 $795 $865 $830 $1.14 $1.24 $1.19
2 Bed - Min 950 $995 $1,095 $1,045 $1.05 $1.15 $1.10
Max N/A N/A N/A N/A N/A N/A N/A
Average 950 $995 $1,095 $1,045 $1.05 $1.15 $1.10
3 Bed - Min N/A
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 700 $865 $930 $898 $1.24 $1.33 $1.28 8.13%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $865 $930 $898 $1.24 $1.33 $1.28 8.13%
2 Bed - Min 950 $1,065 $1,130 $1,098 $1.12 $1.19 $1.16 5.02%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,065 $1,130 $1,098 $1.12 $1.19 $1.16 5.02%
3 Bed - Min
Max
Average
- --------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 700 $975 $1,040 $1,008 $1.39 $1.49 $1.44 12.26%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $975 $1,040 $1,008 $1.39 $1.49 $1.44 12.26%
2 Bed - Min 950 $1,175 $1,340 $1,258 $1.24 $1.41 $1.32 14.58%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,175 $1,340 $1,258 $1.24 $1.41 $1.32 14.58%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 700 $1,070 $1,110 $1,090 $1.53 $1.59 $1.56 8.19%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,070 $1,110 $1,090 $1.53 $1.59 $1.56 8.19%
2 Bed - Min 950 $1,300 $1,380 $1,340 $1.37 $1.45 $1.41 6.56%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,300 $1,380 $1,340 $1.37 $1.45 $1.41 6.56%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 700 $1,295 $1,360 $1,328 $1.85 $1.94 $1.90 21.79%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,295 $1,360 $1,328 $1.85 $1.94 $1.90 21.79%
2 Bed - Min 950 $1,525 $1,665 $1,595 $1.61 $1.75 $1.68 19.03%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,525 $1,665 $1,595 $1.61 $1.75 $1.68 19.03%
3 Bed - Min
Max
Average
MARINA COVE
CITY Santa Clara UNITS VACANT
# OF UNITS 292 6/30/94 12/31/94 6/30/65 12/31/95 6/30/96
UNIT MIX 8 7 8 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 145 147 6/30/94 12/31/94 6/30/65 12/31/95 6/30/96
DATE OPENED Oct-85 2.74% 2.40% 2.74% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 720 $800 $835 $818 $1.11 $1.16 $1.14
Max 800 $815 $850 $833 $1.02 $1.06 $1.04
Average 760 $808 $843 $825 $1.06 $1.11 $1.09
2 Bed - Min 900 $910 $940 $925 $1.01 $1.04 $1.03
Max 1144 $1,020 $1,060 $1,040 $0.89 $0.93 $0.91
Average 1022 $965 $1,000 $983 $0.95 $0.99 $0.97
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 720 $800 $835 $818 $1.11 $1.16 $1.14 0.00%
Max 800 $815 $850 $833 $1.02 $1.06 $1.04 0.00%
Average 760 $808 $843 $825 $1.06 $1.11 $1.09 0.00%
2 Bed - Min 900 $910 $955 $933 $1.01 $1.06 $1.04 0.81%
Max 1144 $1,020 $1,060 $1,040 $0.89 $0.93 $0.91 0.00%
Average 1022 $965 $1,008 $986 $0.95 $0.99 $0.97 0.41%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 720 $830 $865 $848 $1.15 $1.20 $1.18 3.67%
Max 800 $960 $885 $923 $1.20 $1.11 $1.15 10.81%
Average 760 $895 $875 $885 $1.18 $1.15 $1.17 7.24%
2 Bed - Min 900 $955 $990 $973 $1.06 $1.10 $1.08 4.29%
Max 1144 $1,050 $1,085 $1,068 $0.92 $0.95 $0.93 2.64%
Average 1022 $1,003 $1,038 $1,020 $0.99 $1.02 $1.01 3.47%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 720 $880 $925 $903 $1.22 $1.28 $1.25 6.49%
Max 800 $930 $975 $953 $1.16 $1.22 $1.19 3.25%
Average 760 $905 $950 $928 $1.19 $1.25 $1.22 4.87%
2 Bed - Min 900 $1,025 $1,070 $1,048 $1.14 $1.19 $1.16 7.71%
Max 1144 $1,160 $1,210 $1,185 $1.01 $1.06 $1.04 11.01%
Average 1022 $1,093 $1,140 $1,116 $1.07 $1.12 $1.10 9.36%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 720 $970 $1,030 $1,000 $1.35 $1.43 $1.39 10.80%
Max 800 $985 $1,045 $1,015 $1.23 $1.31 $1.27 6.56%
Average 760 $978 $1,038 $1,008 $1.29 $1.37 $1.33 8.68%
2 Bed - Min 900 $1,100 $1,145 $1,123 $1.22 $1.27 $1.25 7.16%
Max 1144 $1,230 $1,275 $1,253 $1.08 $1.11 $1.09 5.70%
Average 1022 $1,165 $1,210 $1,188 $1.14 $1.18 $1.16 6.43%
3 Bed - Min
Max
Average
MARINA PLAYA
CITY Santa Clara UNITS VACANT
# OF UNITS 272 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 13 11 4 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 172 86 14 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-72 4.78% 4.04% 1.47% 0.37% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 664 $ 735 $ 760 $ 748 $1.11 $1.14 $1.13
Max 805 $ 925 $ 925 $ 925 $1.15 $1.15 $1.15
Average 735 $ 830 $ 843 $ 836 $1.13 $1.15 $1.14
2 Bed - Min 950 $ 915 $ 935 $ 925 $0.96 $0.98 $0.97
Max 1338 $1,380 $1,400 $1,390 $1.03 $1.05 $1.04
Average 1144 $1,148 $1,168 $1,158 $1.00 $1.02 $1.01
3 Bed - Min 1270 $1,275 $1,300 $1,288 $1.00 $1.02 $1.01
Max n/a n/a n/a n/a n/a n/a n/a
Average 1270 $1,275 $1,300 $1,288 $1.00 $1.02 $1.01
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Average
1 Bed - Min 664 $ 760 $ 775 $ 768 $1.14 $1.17 $1.16 2.68%
Max 805 $ 925 $ 925 $ 925 $1.15 $1.15 $1.15 0.00%
Average 735 $ 843 $ 850 $ 846 $1.15 $1.16 $1.15 1.34%
2 Bed - Min 950 $ 950 $ 975 $ 963 $1.00 $1.03 $1.01 4.05%
Max 1338 $1,405 $1,425 $1,415 $1.05 $1.07 $1.06 1.80%
Average 1144 $1,178 $1,200 $1,189 $1.03 $1.05 $1.04 $0.03
3 Bed - Min 1270 $1,295 $1,325 $1,310 $1.02 $1.04 $1.03 1.75%
Max n/a n/a n/a n/a n/a n/a n/a 0
Average 1270 $1,295 $1,325 $1,310 $1.02 $1.04 $1.03 $0.01
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 664 $ 780 $ 795 $ 788 $1.17 $1.20 $1.19 2.61%
Max 805 $ 950 $ 950 $ 950 $1.18 $1.18 $1.18 2.70%
Average 735 $ 865 $ 873 $ 869 $1.18 $1.19 $1.18 2.65%
2 Bed - Min 950 $ 975 $1,000 $ 988 $1.03 $1.05 $1.04 2.60%
Max 1338 $1,440 $1,460 $1,450 $1.08 $1.09 $1.08 2.47%
Average 1144 $1,208 $1,230 $1,219 $1.05 $1.07 $1.06 2.54%
3 Bed - Min 1270 $1,325 $1,355 $1,340 $1.04 $1.07 $1.06 2.29%
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1270 $1,325 $1,355 $1,340 $1.04 $1.07 $1.06 2.29%
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 664 $ 855 $ 865 $ 860 $1.29 $1.30 $1.30 9.21%
Max 805 $1,010 $1,010 $1,010 $1.25 $1.25 $1.25 6.32%
Average 735 $ 933 $ 938 $ 935 $1.27 $1.28 $1.27 7.76%
2 Bed - Min 950 $1,035 $1,045 $1,040 $1.09 $1.10 $1.09 5.32%
Max 1338 $1,495 $1,495 $1,495 $1.12 $1.12 $1.12 3.10%
Average 1144 $1,265 $1,270 $1,268 $1.10 $1.11 $1.11 4.21%
3 Bed - Min 1270 $1,310 $1,340 $1,325 $1.03 $1.06 $1.04 -1.12%
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1270 $1,310 $1,340 $1,325 $1.03 $1.06 $1.04 -1.12%
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 664 $ 975 $ 975 $ 975 $1.47 $1.47 $1.47 13.37%
Max 805 $1,100 $1,125 $1,113 $1.37 $1.40 $1.38 10.15%
Average 735 $1,038 $1,050 $1,044 $1.42 $1.43 $1.43 11.76%
2 Bed - Min 950 $1,150 $1,175 $1,163 $1.21 $1.24 $1.22 11.78%
Max 1338 $1,600 $1,650 $1,625 $1.20 $1.23 $1.21 8.70%
Average 1144 $1,375 $1,413 $1,394 $1.20 $1.24 $1.22 10.24%
3 Bed - Min 1270 $1,475 $1,550 $1,513 $1.16 $1.22 $1.19 14.15%
Max n/a n/a n/a n/a n/a n/a n/a n/a
Average 1270 $1,475 $1,550 $1,513 $1.16 $1.22 $1.19 14.15%
THE MEADOWS
CITY Sunnyvale UNITS VACANT
# OF UNITS 336 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX N/A 8 11 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 200 136 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-85 N/A 2.38% 3.27% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 715 N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A
Average 715 N/A N/A N/A N/A N/A N/A
2 Bed - Min 915 N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A
Average 915 N/A N/A N/A N/A N/A N/A
3 Bed - Min N/A
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 715 $ 880 $ 920 $ 900 $1.23 $1.29 $1.26 N/A
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 715 $ 880 $ 920 $ 900 $1.23 $1.29 $1.26 N/A
2 Bed - Min 915 $1,080 $1,120 $1,100 $1.18 $1.22 $1.20 N/A
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 915 $1,080 $1,120 $1,100 $1.18 $1.22 $1.20 N/A
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 715 $ 960 $1,000 $ 980 $1.34 $1.40 $1.37 8.89%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 715 $ 960 $1,000 $ 980 $1.34 $1.40 $1.37 8.89%
2 Bed - Min 915 $1,175 $1,200 $1,188 $1.28 $1.31 $1.30 7.95%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 915 $1,175 $1,200 $1,188 $1.28 $1.31 $1.30 7.95%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 715 $1,080 $1,120 $1,100 $1.51 $1.57 $1.54 12.24%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 715 $1,080 $1,120 $1,100 $1.51 $1.57 $1.54 12.24%
2 Bed - Min 915 $1,300 $1,340 $1,320 $1.42 $1.46 $1.44 11.16%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 915 $1,300 $1,340 $1,320 $1.42 $1.46 $1.44 11.16%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 715 $1,300 $1,330 $1,330 $1.82 $1.86 $1.86 20.91%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 715 $1,300 $1,330 $1,330 $1.82 $1.86 $1.86 20.91%
2 Bed - Min 915 $1,500 $1,540 $1,520 $1.64 $1.68 $1.66 15.15%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 915 $1,500 $1,540 $1,520 $1.64 $1.68 $1.66 15.15%
3 Bed - Min
Max
Average
MISSION POINTE
CITY Sunnyvale
# OF UNITS 617
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
N/A 302 315 N/A
DATE OPENED Sep-90
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
N/A 27 15 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
N/A 4.38% 2.43% 0.00% 0.00%
Rent Jun-94 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Avg Min Max Avg Change
Studio - Min.
Max
Average
1 Bed - Min 580 N/A N/A N/A N/A N/A N/A
Max 704 N/A N/A N/A N/A N/A N/A
Average 642 N/A N/A N/A N/A N/A N/A
2 Bed - Min 906 N/A N/A N/A N/A N/A N/A
Max 1108 N/A N/A N/A N/A N/A N/A
Average 1007 N/A N/A N/A N/A N/A N/A
3 Bed - Min
Max
Average
Range Dec-94 Rent Per Sq. Ft. %
Sq. Ft. Min Max Average Min Max Avg Change
580 $795 $795 $795 $1.37 $1.37 $1.37
704 $895 $895 $895 $1.27 $1.27 $1.27
642 $845 $845 $845 $1.32 $1.32 $1.32
906 $1,045 $1,045 $1,045 $1.15 $1.15 $1.15
1108 $1,135 $1,135 $1,135 $1.02 $1.02 $1.02
1007 $1,090 $1,090 $1,090 $1.09 $1.09 $1.09
Rent Jun-95 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
Studio - Min None
Max
Average
1 Bed - Min 580 $835 $875 $855 $1.44 $1.51 $1.47 7.55%
Max 704 $945 $985 $965 $1.34 $1.40 $1.37 7.82%
Average 642 $890 $930 $910 $1.39 $1.45 $1.42 7.68%
2 Bed - Min 906 $1,100 $1,150 $1,125 $1.21 $1.27 $1.24 7.66%
Max 1108 $1,220 $1,270 $1,245 $1.10 $1.15 $1.12 9.69%
Average 1007 $1,160 $1,210 $1,185 $1.16 $1.21 $1.18 8.67%
3 Bed - Min
Max
Average
Range Dec-95 Rent Per Sq. Ft. %
Sq. Ft. Min Max Average Min Max Avg Change
580 $900 $930 $915 $1.55 $1.60 $1.58 7.02%
704 $1,020 $1,070 $1,045 $1.45 $1.52 $1.48 8.29%
642 $960 $1,000 $980 $ 1.50 $1.56 $1.53 7.65%
906 $1,160 $1,210 $1,185 $1.28 $1.34 $1.31 5.33%
1108 $1,300 $1,350 $1,325 $1.17 $1.22 $1.20 6.43%
1007 $1,230 $1,280 $1,255 $ 1.23 $1.28 $1.25 5.88%
Rent Jun-96 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
Studio - Min None
Max
Average
1 Bed - Min 580 $1,035 $1,075 $1,055 $ 1.78 $ 1.85 $ 1.82 15.30%
Max 704 $1,195 $1,235 $1,215 $ 1.70 $ 1.75 $ 1.73 16.27%
Average 642 $1,115 $1,155 $1,135 $ 1.74 $ 1.80 $ 1.77 15.78%
2 Bed - Min 906 $1,295 $1,335 $1,315 $ 1.43 $ 1.47 $ 1.45 10.97%
Max 1108 $1,525 $1,575 $1,550 $ 1.38 $ 1.42 $ 1.40 16.98%
Average 1007 $1,410 $1,455 $1,433 $ 1.40 $ 1.45 $ 1.43 13.98%
3 Bed - Min
Max
Average
PARK CENTRAL
CITY Santa Clara
# OF UNITS 172
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
N/A 90 82 N/A
DATE OPENED May-86
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
N/A 5 3 2 2
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
N/A 2.91% 1.74% 1.16% 1.16%
Rent Jun-94 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Avg Min Max Avg Change
Studio - Min
Max
Average
1 Bed - Min 700 N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A
Average 700 N/A N/A N/A N/A N/A N/A
2 Bed - Min 950 N/A N/A N/A N/A N/A N/A
Max 963 N/A N/A N/A N/A N/A N/A
Average 957 N/A N/A N/A N/A N/A N/A
3 Bed - Min
Max
Average
Range Dec-94 Rent Per Sq. Ft. %
Sq. Ft. Min Max Average Min Max Avg Change
700 $ 840 $ 950 $ 895 $ 1.20 $ 1.36 $ 1.28 N/A
N/A N/A N/A N/A N/A N/A N/A N/A
700 $ 840 $ 950 $ 895 $ 1.20 $ 1.36 $ 1.28 N/A
950 $1,160 $1,200 $1,180 $ 1.22 $ 1.26 $ 1.24 N/A
963 $1,200 $1,250 $1,225 $ 1.25 $ 1.30 $ 1.27 N/A
957 $1,180 $1,225 $1,203 $ 1.23 $ 1.28 $ 1.26 N/A
Rent Jun-95 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
Studio - Min None
Max
Average
1 Bed - Min 700 $ 875 $1,000 $ 938 $ 1.25 $ 1.43 $ 1.34 4.75%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $ 875 $1,000 $ 938 $ 1.25 $ 1.43 $ 1.34 4.75%
2 Bed - Min 950 $1,160 $1,225 $1,193 $ 1.22 $ 1.29 $ 1.26 1.06%
Max 963 $1,250 $1,265 $1,258 $ 1.30 $ 1.31 $ 1.31 2.65%
Average 957 $1,205 $1,245 $1,225 $ 1.26 $ 1.30 $ 1.28 1.86%
3 Bed - Min
Max
Average
Range Dec-95 Rent Per Sq. Ft. %
Sq. Ft. Min Max Average Min Max Avg Change
700 $1,035 $1,145 $1,090 $1.48 $1.64 $1.56 16.27%
N/A N/A N/A N/A N/A N/A N/A N/A
700 $1,035 $1,145 $1,090 $1.48 $1.64 $1.56 16.27%
950 $1,270 $1,340 $1,305 $1.34 $1.41 $1.37 9.43%
963 $1,380 $1,423 $1,401 $1.43 $1.48 $1.46 11.43%
957 $1,325 $1,381 $1,353 $1.38 $1.44 $1.41 10.43%
Rent Jun-96 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
Studio - Min None
Max
Average
1 Bed - Min 700 $1,195 $1,290 $1,243 $ 1.71 $ 1.84 $ 1.78 13.99%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,195 $1,290 $1,243 $ 1.71 $ 1.84 $ 1.78 13.99%
2 Bed - Min 950 $1,380 $1,455 $1,418 $ 1.45 $ 1.53 $ 1.49 8.62%
Max 963 $1,510 $1,580 $1,545 $ 1.57 $ 1.64 $ 1.60 10.26%
Average 957 $1,445 $1,518 $1,481 $ 1.51 $ 1.59 $ 1.55 9.44%
3 Bed - Min
Max
Average
PARK PLACE
CITY Mountain View
# OF UNITS 370
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
N/A 177 187 6
DATE OPENED Dec-88
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
N/A 8 12 0 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
N/A 2.16% 3.24% 0.00% 0.00%
Rent Jun-94 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Avg Min Max Avg Change
Studio - Min.
Max
Average
1 Bed - Min 700 N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A
Average 700 N/A N/A N/A N/A N/A N/A
2 Bed - Min 910 N/A N/A N/A N/A N/A N/A
Max 965 N/A N/A N/A N/A N/A N/A
Average 938 N/A N/A N/A N/A N/A N/A
3 Bed - Min 1100 N/A N/A N/A N/A N/A N/A
Max
Average
Range Dec-94 Rent Per Sq. Ft. %
Sq. Ft. Min Max Average Min Max Avg Change
700 $1,020 $1,130 $1,075 $1.46 $1.61 $1.54 N/A
N/A N/A N/A N/A N/A N/A N/A N/A
700 $1,020 $1,130 $1,075 $1.46 $1.61 $1.54 N/A
910 $1,290 $1,445 $1,368 $1.42 $1.59 $1.50 N/A
965 $1,290 $1,445 $1,368 $1.34 $1.50 $1.42 N/A
938 $1,290 $1,445 $1,368 $1.38 $1.54 $1.46 N/A
1100 $1,675 $1,675 $1,675 $1.52 $1.52 $1.52 N/A
Rent Jun-95 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
Studio - Min None
Max
Average
1 Bed - Min 700 $1,230 $1,340 $1,285 $1.76 $1.91 $1.84 19.53%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,230 $1,340 $1,285 $1.76 $1.91 $1.84 19.53%
2 Bed - Min 910 $1,470 $1,535 $1,503 $1.62 $1.69 $1.65 9.87%
Max 965 $1,530 $1,625 $1,578 $1.59 $1.68 $1.63 15.36%
Average 938 $1,500 $1,580 $1,540 $1.60 $1.69 $1.64 12.61%
3 Bed - Min 1100 $1,890 $1,890 $1,890 $1.72 $1.72 $1.72 12.84%
Max
Average
Range Dec-95 Rent Per Sq. Ft. %
Sq. Ft. Min Max Average Min Max Avg Change
700 $1,260 $1,370 $1,315 $1.80 $1.96 $1.88 2.33%
N/A N/A N/A N/A N/A N/A N/A N/A
700 $1,260 $1,370 $1,315 $1.80 $1.96 $1.88 2.33%
910 $1,530 $1,595 $1,563 $1.68 $1.75 $1.72 3.99%
965 $1,565 $1,660 $1,613 $1.62 $1.72 $1.67 2.22%
938 $1,548 $1,628 $1,588 $1.65 $1.74 $1.69 3.11%
1100 $1,860 $1,860 $1,860 $1.69 $1.69 $1.69 -1.59%
Rent Jun-96 Rent Per Sq. Ft. %
Unit Sq. Ft. Min Max Average Min Max Avg Change
Studio - Min None
Max
Average
1 Bed - Min 700 $1,455 $1,565 $1,510 $2.08 $2.24 $2.16 14.83%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,455 $1,565 $1,510 $2.08 $2.24 $2.16 14.83%
2 Bed - Min 910 $1,725 $1,790 $1,758 $1.90 $1.97 $1.93 12.48%
Max 965 $1,760 $1,855 $1,808 $1.82 $1.92 $1.87 12.09%
Average 938 $1,743 $1,823 $1,783 $1.86 $1.94 $1.90 12.29%
3 Bed - Min 1100 $1,930 $1,930 $1,930 $1.75 $1.75 $1.75 3.76%
Max
Average
PARKSIDE COMMONS
CITY Sunnyvale UNITS VACANT
# OF UNITS 192 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX N/A 2 6 1 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 60 96 36 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Dec-90 N/A 1.04% 3.13% 0.52% 0.00%
SQ. RENT JUN-94 RENT PER SQ. FT. % SQ. RANGE DEC-94 RENT PER SQ. FT. %
UNIT FT. MIN MAX AVG MIN MAX AVG CHANGE FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 800 N/A N/A N/A N/A N/A N/A 800 $985 $1,150 $1,068 $1.23 $1.44 $1.33 N/A
Max 860 N/A N/A N/A N/A N/A N/A 860 $985 $1,150 $1,068 $1.15 $1.34 $1.24 N/A
Average 830 N/A N/A N/A N/A N/A N/A 830 $985 $1,150 $1,068 $1.19 $1.39 $1.29 N/A
2 Bed - Min 1100 N/A N/A N/A N/A N/A N/A 1100 $1,205 $1,360 $1,283 $1.10 $1.24 $1.17 N/A
Max 1160 N/A N/A N/A N/A N/A N/A 1160 $1,205 $1,360 $1,283 $1.04 $1.17 $1.11 N/A
Average 1130 N/A N/A N/A N/A N/A N/A 1130 $1,205 $1,360 $1,283 $1.07 $1.20 $1.14 N/A
3 Bed - Min 1354 N/A N/A N/A N/A N/A N/A 1354 $1,505 $1,675 $1,590 $1.11 $1.24 $1.17 N/A
Max
Average
RENT JUN-95 RENT PER SQ. FT. % SQ. RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 800 $1,035 $1,200 $1,118 $1.29 $1.50 $1.40 4.68% 800 $1,120 $1,245 $1,183 $1.40 $1.56 $1.48 5.82%
Max 860 $1,035 $1,200 $1,118 $1.20 $1.40 $1.30 4.68% 860 $1,130 $1,255 $1,193 $1.31 $1.46 $1.39 6.71%
Average 830 $1,035 $1,200 $1,118 $1.25 $1.45 $1.35 4.68% 830 $1,125 $1,250 $1,188 $1.36 $1.51 $1.43 6.26%
2 Bed - Min 1100 $1,275 $1,430 $1,353 $1.16 $1.30 $1.23 5.46% 1100 $1,375 $1,575 $1,475 $1.25 $1.43 $1.34 9.06%
Max 1160 $1,295 $1,430 $1,363 $1.12 $1.23 $1.17 6.24% 1160 $1,375 $1,575 $1,475 $1.19 $1.36 $1.27 8.26%
Average 1130 $1,285 $1,430 $1,370 $1.14 $1.27 $1.20 5.85% 1130 $1,375 $1,575 $1,475 $1.22 $1.39 $1.31 8.66%
3 Bed - Min 1354 $1,700 $1,870 $1,785 $1.26 $1.38 $1.32 12.26% 1354 $1,720 $1,885 $1,803 $1.27 $1.39 $1.33 0.98%
Max
Average
SQ. RENT JUN-96 RENT PER SQ. FT. %
UNIT FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 800 $1,210 $1,420 $1,315 $1.51 $1.78 $1.64 11.21%
Max 860 $1,210 $1,420 $1,315 $1.41 $1.65 $1.53 10.27%
Average 830 $1,210 $1,420 $1,315 $1.46 $1.71 $1.59 10.74%
2 Bed - Min 1100 $1,525 $1,735 $1,630 $1.39 $1.58 $1.48 10.51%
Max 1160 $1,525 $1,735 $1,630 $1.31 $1.50 $1.41 10.51%
Average 1130 $1,525 $1,735 $1,370 $1.35 $1.54 $1.44 10.51%
3 Bed - Min 1354 $1,895 $2,100 $1,998 $1.40 $1.55 $1.48 10.82%
Max
Average
THE REDWOODS
CITY San Jose UNITS VACANT
# OF UNITS 332 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 9 18 10 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 120 212 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-85 2.71% 5.42% 3.01% 0.00% 0.00%
SQ. RENT JUN-94 RENT PER SQ. FT. % SQ. RANGE DEC-94 RENT PER SQ. FT. %
UNIT FT. MIN MAX AVG MIN MAX AVG CHANGE FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 675 $800 $820 $810 $1.19 $1.21 $1.20 675 $850 $880 $865 $1.26 $1.30 $1.28 6.79%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 675 $800 $820 $810 $1.19 $1.21 $1.20 675 $850 $880 $865 $1.26 $1.30 $1.28 6.79%
2 Bed - Min 950 $905 $925 $915 $0.95 $0.97 $0.96 950 $980 $1,000 $990 $1.03 $1.05 $1.04 8.20%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $905 $925 $915 $0.95 $0.97 $0.96 950 $980 $1,000 $990 $1.03 $1.05 $1.04 8.20%
3 Bed - Min N/A
Max
Average
SQ. RENT JUN-95 RENT PER SQ. FT. % SQ. RANGE DEC-95 RENT PER SQ. FT. %
UNIT FT. MIN MAX AVERAGE MIN MAX AVG CHANGE FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 675 $860 $880 $870 $1.27 $1.30 $1.29 0.58% 675 $945 $965 $955 $1.40 $1.43 $1.41 9.77%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 675 $860 $880 $870 $1.27 $1.30 $1.29 0.58% 675 $945 $965 $955 $1.40 $1.43 $1.41 9.77%
2 Bed - Min 950 $1,015 $1,040 $1,028 $1.07 $1.09 $1.08 3.79% 950 $1,085 $1,110 $1,098 $1.14 $1.17 $1.16 6.81%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,015 $1,040 $1,028 $1.07 $1.09 $1.08 3.79% 950 $1,085 $1,110 $1,098 $1.14 $1.17 $1.16 6.81%
3 Bed - Min
Max
Average
SQ. RENT JUN-96 RENT PER SQ. FT. %
UNIT FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 675 $1,090 $1,150 $1,120 $1.61 $1.70 $1.66 17.28%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 675 $1,090 $1,150 $1,120 $1.61 $1.70 $1.66 17.28%
2 Bed - Min 950 $1,290 $1,310 $1,300 $1.36 $1.38 $1.37 18.45%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 950 $1,290 $1,310 $1,300 $1.36 $1.38 $1.37 18.45%
3 Bed - Min
Max
Average
SAN MARINO
CITY San Jose UNITS VACANT
# OF UNITS 248 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 7 1 8 3 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 102 146 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-86 2.82% 0.40% 3.23% 1.21% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 701 $765 $785 $775 $1.09 $1.12 $1.11
Max 720 $800 $830 $815 $1.11 $1.15 $1.13
Average 711 $783 $808 $795 $1.10 $1.14 $1.12
2 Bed - Min 901 $900 $920 $910 $1.00 $1.02 $1.01
Max 978 $975 $995 $985 $1.00 $1.02 $1.01
Average 940 $938 $958 $948 $1.00 $1.02 $1.01
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 701 $745 $760 $753 $1.06 $1.08 $1.07 -2.90%
Max 720 $825 $860 $843 $1.15 $1.19 $1.17 3.37%
Average 711 $785 $810 $798 $1.10 $1.14 $1.12 0.24%
2 Bed - Min 901 $925 $960 $943 $1.03 $1.07 $1.05 3.57%
Max 978 $975 $1,000 $988 $1.00 $1.02 $1.01 0.25%
Average 940 $950 $980 $965 FALSE $1.04 $1.03 1.91%
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 701 $745 $760 $753 $1.06 $1.08 $1.07 0.00%
Max 720 $825 $860 $905 $1.15 $1.19 $1.26 7.42%
Average 711 $785 $810 $829 $1.10 $1.14 $1.17 3.71%
2 Bed - Min 901 $925 $960 $943 $1.03 $1.07 $1.05 0.00%
Max 978 $975 $1,000 $988 $1.00 $1.02 $1.01 0.00%
Average 940 $950 $980 $965 $1.01 $1.04 $1.03 0.00%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 701 $823 $843 $833 $1.17 $1.20 $1.19 10.63%
Max 720 $923 $953 $938 $1.28 $1.32 $1.30 3.59%
Average 711 $873 $898 $885 $1.23 $1.26 $1.24 7.11%
2 Bed - Min 901 $1,015 $1,045 $1,030 $1.13 $1.16 $1.14 9.28%
Max 978 $1,098 $1,123 $1,110 $1.12 $1.15 $1.13 12.41%
Average $940 $1,056 $1,084 $1,070 $1.12 $1.15 $1.14 10.84%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 701 $900 $925 $913 $1.28 $1.32 $1.30 9.61%
Max 720 $1,020 $1,045 $1,033 $1.42 $1.45 $1.43 10.13%
Average 711 $960 $985 $973 $1.35 $1.39 $1.37 9.88%
2 Bed - Min 901 $1,105 $1,130 $1,118 $1.23 $1.25 $1.24 8.50%
Max 978 $1,220 $1,245 $1,233 $1.25 $1.27 $1.26 11.04%
Average 940 $1,163 $1,188 $1,175 $1.24 $1.26 $1.25 9.76%
3 Bed - Min
Max
Average
SOUTH PARK
CITY Mountain View UNITS VACANT
# OF UNITS 180 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX N/A 2 3 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 132 48 N/A 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Jan-65 N/A 1.11% 1.67% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 750 N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A
Average 750 N/A N/A N/A N/A N/A N/A
2 Bed - Min 900 N/A N/A N/A N/A N/A N/A
Max N/A N/A N/A N/A N/A N/A N/A
Average 900 N/A N/A N/A N/A N/A N/A
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 750 $850 $895 $873 $1.13 $1.19 $1.16 N/A
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 750 $850 $895 $873 $1.13 $1.19 $1.16 N/A
2 Bed - Min 900 $950 $995 $973 $1.06 $1.11 $1.08 N/A
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 900 $950 $995 $973 $1.06 $1.11 $1.08 N/A
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 750 $850 $895 $873 $1.13 $1.19 $1.16 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 750 $850 $895 $873 $1.13 $1.19 $1.16 0.00%
2 Bed - Min 900 $1,010 $1,010 $1,010 $1.12 $1.12 $1.12 3.86%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 900 $1,010 $1,010 $1,010 $1.12 $1.12 $1.12 3.86%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 750 $895 $950 $923 $1.19 $1.27 $1.23 5.73%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 750 $895 $950 $923 $1.19 $1.27 $1.23 5.73%
2 Bed - Min 900 $1,010 $1,050 $1,030 $1.12 $1.17 $1.14 1.98%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 900 $1,010 $1,050 $1,030 $1.12 $1.17 $1.14 1.98%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 750 $920 $975 $948 $1.23 $1.30 $1.26 2.71%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 750 $920 $975 $948 $1.23 $1.30 $1.26 2.71%
2 Bed - Min 900 $1,200 $1,400 $1,300 $1.33 $1.56 $1.44 26.21%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 900 $1,200 $1,400 $1,300 $1.33 $1.56 $1.44 26.21%
3 Bed - Min
Max
Average
SUMMERHILL PARK
CITY Sunnyvale UNITS VACANT
# OF UNITS 100 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 1 2 1 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 40 60 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Nov-87 1.00% 2.00% 1.00% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 710 $940 $975 $958 $1.32 $1.37 $1.35
Max N/A N/A N/A N/A N/A N/A N/A
Average 710 $940 $975 $958 $1.32 $1.37 $1.35
2 Bed - Min 900 $1,100 $1,140 $1,120 $1.22 $1.27 $1.24
Max 950 $1,150 $1,190 $1,170 $1.21 $1.25 $1.23
Average 925 $1,125 $1,165 $1,145 $1.22 $1.26 $1.24
3 Bed - Min
Max
Average
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 710 $940 $975 $958 $1.32 $1.37 $1.35 0.00%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 710 $940 $975 $958 $1.32 $1.37 $1.35 0.00%
2 Bed - Min 900 $1,100 $1,140 $1,120 $1.22 $1.27 $1.24 0.00%
Max 950 $1,140 $1,190 $1,165 $1.20 $1.25 $1.23 N/A
Average 925 $1,120 $1,165 $1,143 $1.21 $1.26 $1.24 $0.00
3 Bed - Min
Max
Average
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 710 $945 $990 $968 $1.33 $1.39 $1.36 1.04%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 710 $945 $990 $968 $1.33 $1.39 $1.36 1.04%
2 Bed - Min 900 $1,110 $1,160 $1,135 $1.23 $1.29 $1.26 1.34%
Max 950 $1,150 $1,195 $1,173 $1.21 $1.26 $1.23 0.64%
Average 925 $1,130 $1,178 $1,154 $1.22 $1.27 $1.25 0.99%
3 Bed - Min
Max
Average
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 710 $1,025 $1,100 $1,100 $1.44 $1.55 $1.55 13.70%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 710 $1,025 $1,100 $1,100 $1.44 $1.55 $1.55 13.70%
2 Bed - Min 900 $1,200 $1,275 $1,238 $1.33 $1.42 $1.38 9.03%
Max 950 $1,275 $1,350 $1,313 $1.34 $1.42 $1.38 11.94%
Average 925 $1,238 $1,313 $1,275 $1.34 $1.42 $1.38 10.49%
3 Bed - Min
Max
Average
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 710 $1,150 $1,175 $1,163 $1.62 $1.65 $1.64 5.68%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 710 $1,150 $1,175 $1,163 $1.62 $1.65 $1.64 5.68%
2 Bed - Min 900 $1,300 $1,350 $1,325 $1.44 $1.50 $1.47 7.07%
Max 950 $1,450 $1,475 $1,463 $1.53 $1.55 $1.54 11.43%
Average 925 $1,375 $1,413 $1,394 $1.49 $1.53 $1.51 9.25%
3 Bed - Min
Max
Average
================================================================================
TIMBERLEAF
================================================================================
CITY Santa Clara
# OF UNITS 124
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
N/A 64 60 N/A
DATE OPENED Nov-86
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
5 3 4 2 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
4.03% 2.42% 3.23% 1.61% 0.00%
- --------------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE
- --------------------------------------------------------------------------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min 700 $ 850 $ 935 $ 893 $ 1.21 $ 1.34 $ 1.28 700 $ 865 $ 970 $ 918
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $ 850 $ 935 $ 893 $ 1.21 $ 1.34 $ 1.28 700 $ 865 $ 970 $ 918
2 Bed - Min 1000 $1,075 $1,150 $1,113 $ 1.08 $ 1.15 $ 1.11 1000 $1,050 $1,110 $1,080
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1000 $1,075 $1,150 $1,113 $ 1.08 $ 1.15 $ 1.11 1000 $1,050 $1,110 $1,080
3 Bed - Min
Max
Average
- ------------------------------------------------------
RENT PER SQ. FT. %
UNIT MIN MAX AVG CHANGE
- ------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min $ 1.24 $ 1.39 $ 1.31 2.80%
Max N/A N/A N/A N/A
Average $ 1.24 $ 1.39 $ 1.31 2.80%
2 Bed - Min $ 1.05 $ 1.11 $ 1.08 -2.92%
Max N/A N/A N/A N/A
Average $ 1.05 $ 1.11 $ 1.08 -2.92%
3 Bed - Min
Max
Average
- ------------------------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE
- ------------------------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 700 $ 920 $ 980 $ 950 $ 1.31 $ 1.40 $ 1.36 3.54% 700 $1,058 $1,138 $1,098
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $ 920 $ 980 $ 950 $ 1.31 $ 1.40 $ 1.36 3.54% 700 $1,058 $1,138 $1,098
2 Bed - Min 1000 $1,130 $1,220 $1,175 $ 1.13 $ 1.22 $ 1.18 8.80% 1000 $1,258 $1,353 $1,305
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1000 $1,130 $1,220 $1,175 $ 1.13 $ 1.22 $ 1.18 8.80% 1000 $1,258 $1,353 $1,305
3 Bed - Min
Max
Average
- ----------------------------------------------------------
RENT PER SQ. FT. %
UNIT MIN MAX AVG CHANGE
- ----------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min $ 1.51 $ 1.63 $ 1.57 15.53%
Max N/A N/A N/A N/A
Average $ 1.51 $ 1.63 $ 1.57 15.53%
2 Bed - Min $ 1.26 $ 1.35 $ 1.31 11.06%
Max N/A N/A N/A N/A
Average $ 1.26 $ 1.35 $ 1.31 11.06%
3 Bed - Min
Max
Average
- ----------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- ----------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 700 $1,195 $1,295 $1,245 $1.71 $1.85 $1.78 13.44%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 700 $1,195 $1,295 $1,245 $1.71 $1.85 $1.78 13.44%
2 Bed - Min 1000 $1,385 $1,485 $1,435 $1.39 $1.49 $1.44 9.96%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1000 $1,385 $1,485 $1,435 $1.39 $1.49 $1.44 9.96%
3 Bed - Min
Max
Average
================================================================================
TRELLIS SQUARE
================================================================================
CITY Sunnyvale
# OF UNITS 204
UNIT MIX
Studios 1 Bed 2 Bed 3 Bed
N/A 96 108 N/A
DATE OPENED Dec-89
UNITS VACANT
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
6 3 7 1 0
VACANCY RATE
6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
2.94% 1.47% 3.43% 0.49% 0.00%
- --------------------------------------------------------------------------------------------------------------------
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE
- --------------------------------------------------------------------------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min 673 $ 890 $1,010 $ 950 $1.32 $1.50 $1.41 673 $ 900 $1,020 $ 960
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 673 $ 890 $1,010 $ 950 $1.32 $1.50 $1.41 673 $ 900 $1,020 $ 960
2 Bed - Min 958 $1,130 $1,270 $1,200 $1.18 $1.33 $1.25 958 $1,140 $1,280 $1,210
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 958 $1,130 $1,270 $1,200 $1.18 $1.33 $1.25 958 $1,140 $1,280 $1,210
3 Bed - Min
Max
Average
- --------------------------------------------------
RENT PER SQ. FT. %
UNIT MIN MAX AVG CHANGE
- --------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min $1.34 $1.52 $1.43 1.05%
Max N/A N/A N/A N/A
Average $1.34 $1.52 $1.43 1.05%
2 Bed - Min $1.19 $1.34 $1.26 0.83%
Max N/A N/A N/A N/A
Average $1.19 $1.34 $1.26 0.83%
3 Bed - Min
Max
Average
- -----------------------------------------------------------------------------------------------------------------------
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE
- -----------------------------------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 673 $1,000 $1,150 $1,075 $1.49 $1.71 $1.60 11.98% 673 $1,120 $1,270 $1,195
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 673 $1,000 $1,150 $1,075 $1.49 $1.71 $1.60 11.98% 673 $1,120 $1,270 $1,195
2 Bed - Min 958 $1,250 $1,325 $1,288 $1.30 $1.38 $1.34 6.40% 958 $1,395 $1,515 $1,455
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 958 $1,250 $1,325 $1,288 $1.30 $1.38 $1.34 6.40% 958 $1,395 $1,515 $1,455
3 Bed - Min
Max
Average
- -------------------------------------------------
RENT PER SQ. FT. %
UNIT MIN MAX AVG CHANGE
- -------------------------------------------------
Studio - Min
Max
Average
1 Bed - Min $1.66 $1.89 $1.78 11.16%
Max N/A N/A N/A N/A
Average $1.66 $1.89 $1.78 11.16%
2 Bed - Min $1.46 $1.58 $1.52 13.01%
Max N/A N/A N/A N/A
Average $1.46 $1.58 $1.52 13.01%
3 Bed - Min
Max
Average
- --------------------------------------------------------------------------------------------
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
- --------------------------------------------------------------------------------------------
Studio - Min None
Max
Average
1 Bed - Min 673 $1,310 $1,480 $1,395 $1.95 $2.20 $2.07 16.74%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 673 $1,310 $1,480 $1,395 $1.95 $2.20 $2.07 16.74%
2 Bed - Min 958 $1,665 $1,805 $1,735 $1.74 $1.88 $1.81 19.24%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 958 $1,665 $1,805 $1,735 $1.74 $1.88 $1.81 19.24%
3 Bed - Min
Max
Average
VILLA MARIPOSA
CITY Mountain View UNITS VACANT
# OF UNITS 248 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 5 16 8 0 0
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 108 88 52 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Apr-86 2.02% 6.45% 3.23% 0.00% 0.00%
RENT JUN-94 RENT PER SQ. FT. % RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 712 $920 $960 $940 $1.29 $1.35 $1.32 712 $995 $1,025 $1,010 $1.40 $1.44 $1.42 7.45%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 712 $920 $960 $940 $1.29 $1.35 $1.32 712 $995 $1,025 $1,010 $1.40 $1.44 $1.42 7.45%
1.29 1.35 1.32
2 Bed - Min 920 $1,100 $1,185 $1,143 $1.20 $1.29 $1.24 920 $1,095 $1,120 $1,108 $1.19 $1.22 $1.20 -3.06%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 920 $1,100 $1,185 $1,143 $1.20 $1.29 $1.24 920 $1,095 $1,120 $1,108 $1.19 $1.22 $1.20 -3.06%
3 Bed - Min 1060 $1,400 $1,460 $1,430 $1.32 $1.38 $1.35 1060 $1,270 $1,305 $1,288 $1.20 $1.23 $1.21 -9.97%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1060 $1,400 $1,460 $1,430 $1.32 $1.38 $1.35 1060 $1,270 $1,305 $1,288 $1.20 $1.23 $1.21 -9.97%
RENT JUN-95 RENT PER SQ. FT. % RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 712 $1,010 $1,050 $1,030 $1.42 $1.47 $1.45 1.98% 712 $1,090 $1,150 $1,120 $1.53 $1.62 $1.57 8.74%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 712 $1,010 $1,050 $1,030 $1.42 $1.47 $1.45 1.98% 712 $1,090 $1,150 $1,120 $ $ $ 8.74%
1.53 1.62 1.57
2 Bed - Min 920 $1,310 $1,400 $1,355 $1.42 $1.52 $1.47 22.35% 920 $1,480 $1,550 $1,515 $1.61 $1.68 $1.65 11.81%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 920 $1,310 $1,400 $1,355 $1.42 $1.52 $1.47 22.35% 920 $1,480 $1,550 $1,515 $ $ $ 11.81%
1.61 1.68 1.65
3 Bed - Min 1060 $1,475 $1,550 $1,513 $1.39 $1.46 $1.43 17.48% 1060 $1,625 $1,700 $1,663 $1.53 $1.60 $1.57 9.92%
Max N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Average 1060 $1,475 $1,550 $1,513 $1.39 $1.46 $1.43 17.48% 1060 $1,625 $1,700 $1,663 $1.53 $1.60 $1.57 9.92%
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 712 $1,205 $1,305 $1,255 $1.69 $1.83 $1.76 12.05%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 712 $1,205 $1,305 $1,255 $1.69 $1.83 $1.76 12.05%
2 Bed - Min 920 $1,575 $1,630 $1,603 $1.71 $1.77 $1.74 5.78%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 920 $1,575 $1,630 $1,603 $1.71 $1.77 $1.74 5.78%
3 Bed - Min 1060 $1,815 $1,870 $1,843 $1.71 $1.76 $1.74 10.83%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1060 $1,815 $1,870 $1,843 $1.71 $1.76 $1.74 10.83%
WILLOW LAKE
CITY San Jose UNITS VACANT
# OF UNITS 408 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
UNIT MIX 16 17 15 0 7
Studios 1 Bed 2 Bed 3 Bed VACANCY RATE
N/A 180 200 28 6/30/94 12/31/94 6/30/95 12/31/95 6/30/96
DATE OPENED Aug-89 3.92% 4.17% 3.68% 0.00% 1.72%
RENT JUN-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVG MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 732 $ 885 $ 985 $ 935 $1.21 $1.35 $1.28
Max N/A N/A N/A N/A N/A N/A N/A
Average 732 $ 885 $ 985 $ 935 $1.21 $1.35 $1.28
2 Bed - Min 1015 $1,105 $1,325 $1,215 $1.09 $1.31 $1.20
Max N/A N/A N/A N/A N/A N/A N/A
Average 1015 $1,105 $1,325 $1,215 $1.09 $1.31 $1.20
3 Bed - Min 1303 $1,495 $1,595 $1,545 $1.15 $1.22 $1.19
Max N/A N/A N/A N/A N/A N/A N/A
Average 1303 $1,495 $1,595 $1,545 $1.15 $1.22 $1.19
RANGE DEC-94 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min.
Max
Average
1 Bed - Min 732 $ 935 $1,035 $ 985 $1.28 $1.41 $1.35 5.35%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 732 $ 935 $1,035 $ 985 $1.28 $1.41 $1.35 5.35%
2 Bed - Min 1015 $1,175 $1,375 $1,275 $1.16 $1.35 $1.26 4.94%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1015 $1,175 $1,375 $1,275 $1.16 $1.35 $1.26 4.94%
3 Bed - Min 1303 $1,495 $1,675 $1,585 $1.15 $1.29 $1.22 2.59%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1303 $1,495 $1,675 $1,585 $1.15 $1.29 $1.22 2.59%
RENT JUN-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 732 $1,005 $1,165 $1,085 $1.37 $1.59 $1.48 10.15%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 732 $1,005 $1,165 $1,085 $1.37 $1.59 $1.48 10.15%
2 Bed - Min 1015 $1,200 $1,450 $1,325 $1.18 $1.43 $1.31 3.92%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1015 $1,200 $1,450 $1,325 $1.18 $1.43 $1.31 3.92%
3 Bed - Min 1303 $1,595 $1,715 $1,655 $1.22 $1.32 $1.27 4.42%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1303 $1,595 $1,715 $1,655 $1.22 $1.32 $1.27 4.42%
RANGE DEC-95 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min
Max
Average
1 Bed - Min 732 $1,100 $1,260 $1,180 $1.50 $1.72 $1.61 8.76%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 732 $1,100 $1,260 $1,180 $1.50 $1.72 $1.61 8.76%
2 Bed - Min 1015 $1,300 $1,600 $1,450 $1.28 $1.58 $1.43 9.43%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1015 $1,300 $1,600 $1,450 $1.28 $1.58 $1.43 9.43%
3 Bed - Min 1303 $1,700 $1,800 $1,750 $1.30 $1.38 $1.34 5.74%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1303 $1,700 $1,800 $1,750 $1.30 $1.38 $1.34 5.74%
RENT JUN-96 RENT PER SQ. FT. %
UNIT SQ. FT. MIN MAX AVERAGE MIN MAX AVG CHANGE
Studio - Min None
Max
Average
1 Bed - Min 732 $1,150 $1,335 $1,243 $1.57 $1.82 $1.70 5.30%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 732 $1,150 $1,335 $1,243 $1.57 $1.82 $1.70 5.30%
2 Bed - Min 1015 $1,350 $1,750 $1,550 $1.33 $1.72 $1.53 6.90%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1015 $1,350 $1,750 $1,550 $1.33 $1.72 $1.53 6.90%
3 Bed - Min 1303 $1,750 $1,950 $1,850 $1.34 $1.50 $1.42 5.71%
Max N/A N/A N/A N/A N/A N/A N/A N/A
Average 1303 $1,750 $1,950 $1,850 $1.34 $1.50 $1.42 5.71%