Document:

Property Management - Account Services Agreement

 Exhibit 10.60 
 WESLEY VILLAGE APARTMENTS, 
 CHARLOTTE, NORTH CAROLINA 

PROPERTY MANAGEMENT – 
 ACCOUNT SERVICES AGREEMENT 
 BETWEEN 

LEGACY PARTNERS RESIDENTIAL L.P. 
 AND 
 KBS LEGACY PARTNERS WESLEY LLC 

 TABLE OF CONTENTS 

							
	 	  	 	  	Page	 
		
	 Recitals
	  	 	1	  
	 ARTICLE 1.        DEFINITIONS
	  	 	1	  
	 1.01.
	  	Definitions	  	 	1	  
	 ARTICLE 2.        APPOINTMENT AND SERVICES OF AGENT
	  	 	2	  
	 2.01.
	  	Term	  	 	2	  
	 ARTICLE 3.        COMPENSATION AND EXPENSES OF AGENT
	  	 	3	  
	 3.01.
	  	Fees	  	 	3	  
	 3.02.
	  	Expenses to be Borne by Agent	  	 	4	  
	 3.03.
	  	Noncustomary Services	  	 	5	  
	 3.04.
	  	Nonperformance	  	 	5	  
	 ARTICLE 4.        PERSONNEL AND BONDING
	  	 	5	  
	 4.01.
	  	Stability of Management Team	  	 	5	  
	 4.02.
	  	Fidelity Bond	  	 	5	  
	 4.03.
	  	Affiliates	  	 	6	  
	 ARTICLE 5.        COMPLIANCE WITH LAWS
	  	 	6	  
	 5.01.
	  	Compliance	  	 	6	  
	 5.02.
	  	Notice	  	 	6	  
	 ARTICLE 6.        FINANCIAL MATTERS
	  	 	6	  
	 6.01.
	  	Books and Records	  	 	6	  
	 6.02.
	  	Reports	  	 	6	  
	 6.03.
	  	Audit	  	 	7	  
	 6.04.
	  	Other Reports and Statements	  	 	7	  
	 6.05.
	  	Reserved	  	 	7	  
	 6.06.
	  	Final Accounting	  	 	7	  
	 6.07.
	  	Reserved	  	 	7	  
	 6.08.
	  	Certification	  	 	7	  
	 ARTICLE 7.        BANK ACCOUNTS
	  	 	7	  
	 7.01.
	  	Property Accounts	  	 	7	  
	 7.02.
	  	Expenses Paid By Owner	  	 	8	  
	 ARTICLE 8.        INSURANCE AND INDEMNITY
	  	 	8	  
	 8.01.
	  	INDEMNIFICATION	  	 	8	  
	 8.02.
	  	Agent’s Insurance Responsibility	  	 	10	  
	 8.03.
	  	Contract Documents; Indemnity Provisions	  	 	11	  
	 8.04.
	  	Ratings of Insurance Companies	  	 	11	  
	 8.05.
	  	Owner’s Insurance Responsibility	  	 	11	  
	 8.06.
	  	Reserved	  	 	11	  
	 ARTICLE 9.        RELATIONSHIP OF PARTIES and REPRESENTATIONS and
WARRANTIES
	  	 	11	  
	 9.01.
	  	Nature of Relationship	  	 	12	  
	 9.02.
	  	Communications Between Parties	  	 	12	  
	 9.03.
	  	Relationship of Owner and Agent with Respect to Leasing	  	 	12	  
	 9.04.
	  	No Sales Brokerage Agreement	  	 	12	  
	 9.05.
	  	Confidentiality	  	 	12	  

							
	 9.06.  
	  	Agent Not to Pledge Owner’s Credit	  	 	12	  
	 9.07   
	  	Representations and Warranties	  	 	12	  
	 ARTICLE 10.        TERMINATION
	  	 	13	  
	 10.01.
	  	    Termination by Owner Without Cause	  	 	13	  
	 10.02.
	  	    Termination by Owner for Cause	  	 	13	  
	 10.03.
	  	    Termination by Agent	  	 	14	  
	 10.04.
	  	    Orderly Transition	  	 	14	  
	 10.05.
	  	    Rights Which Survive Termination or Expiration	  	 	14	  
	 ARTICLE 11.        MISCELLANEOUS
	  	 	14	  
	 11.01.
	  	    Governing Law	  	 	14	  
	 11.02.
	  	    Table of Contents and Headings	  	 	15	  
	 11.03.
	  	    Entire Agreement	  	 	15	  
	 11.04.
	  	    Successors and Assigns	  	 	15	  
	 11.05.
	  	    Waiver	  	 	15	  
	 11.07.
	  	    Time	  	 	15	  
	 11.08.
	  	    Attorneys’ Fees	  	 	15	  
	 11.09.
	  	    Further Acts	  	 	16	  
	 11.10.
	  	    No Advertising	  	 	16	  
	 11.11.
	  	    Signs	  	 	16	  
	 11.12.
	  	    Owner Exculpatory Clause; Waivers of Jury Trial and Punitive Damages	  	 	16	  
	 11.14.
	  	    Notices	  	 	16	  
	 11.15.
	  	    Counterparts	  	 	17	  

 EXHIBITS: 
 A-        LEGAL DESCRIPTION 

 PROPERTY MANAGEMENT - ACCOUNT SERVICES AGREEMENT 

  This PROPERTY MANAGEMENT - ACCOUNT SERVICES AGREEMENT (this “Agreement”) is made as of
November     , 2012 (the “Effective Date”) between LEGACY PARTNERS RESIDENTIAL L.P., a Delaware limited partnership (“Agent”), and KBS LEGACY PARTNERS WESLEY LLC, a Delaware limited
liability company (“Owner”). 
 RECITALS 

  A.        Owner is the record or beneficial owner of the Property (as
defined below) and Agent is experienced in the management, operation and accounting of residential apartment projects similar to the Property. 
   B.        The parties desire to enter into this Agreement and set forth the terms and conditions under which Agent will provide certain services with
regard to account maintenance and bookkeeping services. 
   NOW, THEREFORE, in consideration
of the mutual covenants herein contained and other good and valuable consideration, Owner and Agent agree as follows: 

AGREEMENT 

ARTICLE 1.  DEFINITIONS. 
 1.01.  Definitions. As used in this Agreement, the following terms shall have the respective meanings set forth below: 

  “Affiliate” shall mean, when used with respect to any person (a) if such person is a
corporation, any officer or director thereof and any person which is directly, or indirectly, the beneficial owner of more than 10% of any class of equity security (as defined in the Securities Exchange Act of 1934) thereof, or if any such
beneficial owner is a partnership, any partner thereof, or if any such beneficial owner is a corporation, any person controlling, controlled by or under common control with such beneficial owner or of any officer or director of such beneficial owner
or of any corporation occupying any such control relationship, (b) if such person is a partnership, any partner thereof, and (c) any other person which directly or indirectly controls or is controlled by or is under common control with
such person. For the purpose of this definition, “control” (including the correlative meanings of the term “controlling,” “controlled by” and “under common control with”), with respect to any person, shall
mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person, whether through the ownership of voting securities or by contract or otherwise. The term “Affiliate”
shall also mean, when used with respect to any individual, the parents and grandparents of such individual, the parents and grandparents of any other individual who is an Affiliate of such individual by virtue of any one or more of the foregoing
clauses (a), (b) and (c) of this definition, any descendant (whether natural or adopted) of any such parents or grandparents and any spouse of any such descendant. 

  
 1 

   “Approved Capital Budget” and “Approved Operating
Budget” shall have the meanings set forth in the Property Management Agreement. 
   “Fiscal
Year” shall mean the twelve (12) months commencing January 1 and ending December 31. 

  “Gross Monthly Collections” shall have the meaning set forth in the Property Management Agreement.

   Property” shall mean that certain real property consisting of 301 residential units
(commonly known as the Wesley Village Apartments) and zero (-0-) square feet of retail space located in Charlotte, Mecklenburg County, North Carolina as more particularly described on Exhibit A attached hereto. 

  “Property Management Agreement” shall mean that certain Property Management Agreement dated as of
even date herewith between Owner and Property Manager for the provision of property management services with respect to the Property. 
   “Property Manager” shall mean GREP Southeast, LLC, a Delaware limited liability company. 
   “Records Office” shall mean Agent’s corporate office in Foster City, California. 
 ARTICLE 2.  APPOINTMENT AND SERVICES OF AGENT. 

2.01.    Term.  Owner hereby hires Agent to provide account maintenance and
bookkeeping services upon the terms and conditions herein stated, and Agent hereby accepts said engagement, for a term beginning on the date of this Agreement and ending at 12:00 midnight on the one-year anniversary of the beginning date, unless
sooner terminated by Owner or Agent as provided in Article 10 of this Agreement. At the expiration of said term, this Agreement, if not renewed in writing by Owner and Agent, shall then be deemed a month-to-month agreement cancelable by either
party on not less than thirty (30) days’ advance written notice, which notice may be given at any time during a month, provided that in any event the cancellation shall be effective at the end of the calendar month in which the thirty
(30) day notice period ends. 
 2.02.    Services of Agent.  Agent
shall maintain the Accounts (as defined below) and provide bookkeeping services to facilitate the efficient operation of the Property in compliance with this Agreement. Without limiting the generality of the foregoing and subject at all times to
such procedures and directions that shall be set forth in this Agreement (as revised or amended from time to time), Agent shall do all of the following: 

  (a)        Employees.    
Agent shall select, employ, pay, supervise and discharge all employees and personnel necessary to provide the services required under this Agreement (subject to the limitations set forth in Section 4.01 hereof). All persons so employed by

  
 2 

 
Agent shall be employees of Agent or independent contractors retained by Agent, and not by Owner. All costs of gross salary and wages, payroll taxes, medical and dental insurance, worker’s
compensation insurance, incentive leasing bonuses and other costs and employee benefit expenses payable on account of such employees, shall be included in the Approved Operating Budget. Agent shall fully comply with all applicable laws and
regulations having to do with workers’ compensation, social security, unemployment insurance, hours of labor, wages, working conditions and other employer/employee-related subjects. 

 (b)        Records and Budgets.  Agent
shall keep or cause to be kept at the Records Office suitable books of control as provided in this Agreement. Agent shall assist Owner in reviewing monthly, quarterly, annual or other operating and capital budgets as shall be required by Owner.

  (c)        Operating
Expenses.  Unless otherwise directed by Owner, at the written request and direction of Property Manager, Agent shall process payment of all operating and capital expenses in a manner commercially reasonable for the Property.

  (d)        Business Plan and Property Review
Program.  Agent shall assist Owner in reviewing business plans for the Property submitted by Property Manager. In addition, Agent shall participate in Owner’s property review programs to the extent requested by Owner and
applicable to the services provided under this Agreement. Such review shall include asset, investment, financial and strategy profiles in form and substance satisfactory to Owner and such assistance as Owner may request in connection with appraisals
of the Property. Agent shall respond, within 10 days, to Owner’s management evaluation reports concerning actions to be taken by Agent to correct or modify its management standards for the operations or financial services provided for the
Property. 
 ARTICLE 3.  COMPENSATION AND EXPENSES OF AGENT. 
 3.01.   Fees. 

 (a)        Owner shall pay Agent, and Agent shall accept as
full compensation for the services to be rendered to Owner hereunder during the term hereof, a sum equivalent to one percent (1%) of Gross Monthly Collections (the “Services Fee”). Such compensation shall be payable monthly on
or before the 20th of the subsequent month. 

 (b)        Except with respect to other services provided
by Affiliates of Agent in accordance with Section 3.01(c), which shall be reimbursed by Owner pursuant to Section 3.01(c), Agent shall pay from the Services Fee all costs associated with or relating to its own office overhead and
management personnel not located or employed at the Property, including without limitation, the salaries, wages and all other compensation, together with associated unemployment and social security taxes and contributions, as well as expenses
specifically stated in this Agreement to be borne by Agent. 

  
 3 

  (c)        If
included in the Approved Operating Budget or with the prior approval and direction of Owner, Agent may obtain services and materials including, but not limited to, consulting, training, computer hardware and software, contract services and
accounting and bookkeeping services through the organization, subsidiaries or Affiliates of Agent for the benefit of the Property, provided the quality of service and the price thereof is competitive with comparable prices and services offered by
third parties, and the costs therefore shall be reimbursed by Owner. All discounts, rebates and other savings realized thereon by Agent are to be passed on to Owner, in full. 
 3.02.   Expenses to be Borne by Agent.  Unless otherwise provided in the Approved Operating Budget or Section 4.01(b) below, expenses incurred in rendering all overall
supervisory, management and recordkeeping and other services to be rendered by Agent in connection with the operations of the Property shall be borne by Agent and not charged to Owner. Without limiting the generality of the foregoing provisions of
this section, the following expenses and costs incurred by and/or on behalf of Agent shall be at the sole cost and expense of Agent and shall not be reimbursed by Owner: 

 (a)        All costs of gross salary and wages, payroll
taxes, insurance, workmen’s compensation and other costs of Agent’s corporate office and executive personnel (other than full time or part time personnel whose positions and salaries are specifically authorized in the Approved Operating
Budget); 
  (b)        All costs incurred as a
result of Agent’s breach of this Agreement, and/or the negligence and/or willful misconduct of Agent and/or any one or more of its Affiliates, employees, independent contractors, agents and/or other representatives; 

 (c)        Unless otherwise provided in the Approved
Operating Budget, all costs of forms, accounting materials, administrative materials, papers, ledgers and other supplies and equipment used in Agent’s corporate office, all costs of Agent’s data processing equipment located at Agent’s
corporate office and all costs of data processing provided by computer service companies to Agent’s corporate office; 
  (d)        All costs of bonuses, incentive compensation, profit sharing or any pay advances to employees employed by Agent in connection with the operation
and management of the Property, except for payments to individuals specifically set forth in the Approved Operating Budget or otherwise approved in writing by Owner in advance; 

 (e)        All costs of automobile purchases and/or
rentals, unless provided for in the Approved Operating Budget or Approved Capital Budget or the automobile is being provided by Owner; 
  (f)        All costs of comprehensive crime insurance purchased by Agent for its own account; 

 (g)        All costs of meals, travel and hotel
accommodations for Agent’s home or 

  
 4 

 
regional office personnel who travel to and from the Property, unless expressly authorized by Owner; and 

 (h)        Unless otherwise provided in the Approved
Operating Budget, all costs (exclusive of fees that are directly property related, e.g., registration fee) of obtaining and maintaining such licenses, permits, consents and authorizations. 

3.03.   Noncustomary Services.    Notwithstanding anything provided in this Agreement to the
contrary, Agent shall not furnish or render to the tenants of the Property services other than those services customarily furnished to tenants of properties similar to the Property. 

3.04.   Nonperformance.    If Agent fails to perform any act required under this Agreement,
then Owner, after ten (10) days’ written notice to Agent (or, in the case of any emergency, without notice) and without waiving or releasing Agent from any of its obligations hereunder, may (but shall not be required to) perform such act.
Owner shall have (in addition to any other right or remedy) the right to offset all costs and expenses incurred in exercising its rights under this Section 3.04 against any sums due or to become due to Agent, including, without limitation, the
Services Fee. 
 ARTICLE 4. PERSONNEL AND BONDING. 
 4.01.   Stability of Management Team.    Owner and Agent recognize the benefits inherent in promoting stability in the management team engaged in the operation of
the Property. 
  (a)        Agent shall, in the
hiring of all employees and in retaining independent contractors, use reasonable care to select qualified, competent and trustworthy employees and independent contractors. Subject to the provisions of this Section 4.01, the selection, terms of
employment (including rates of compensation) and termination thereof, and the supervision, training and assignment of duties of all employees of Agent engaged in the operation of the Property shall be the duty and responsibility of and shall be
determined by Agent. All personnel at the Property shall be employees of Agent and/or contractors of Agent. 
  (b)        Agent shall employ at Agent’s sole cost and expense (unless otherwise provided in the Approved Operating Budget) a designated representative
who works from the Records Office and is responsible for the Property and other properties (the costs and expenses for whom, if provided for in the Approved Operating Budget, shall be pro rated in light of the time spent attending to the Property as
opposed to other properties). 
 4.02.   Fidelity Bond.  Agent, at Agent’s cost, shall
obtain a fidelity bond or bonds covering Agent, and all persons who handle, have access to, or are responsible for, Owner’s monies in such amount and in such forms as are reasonably acceptable to Owner, at all times and to cover all periods,
during the term of this Agreement. Any changes in such bond(s) must be approved by Owner. Agent hereby agrees to add Owner as a joint loss payee under its blanket crime policy as it pertains to the Property. Agent hereby assigns all proceeds of said
bond(s) as they relate to the Property to Owner and agrees to execute such further assignments and notices thereof as shall be required by Owner. 

  
 5 

 
Such bond(s) shall indemnify Owner against any loss of money or other property which Owner shall sustain through any criminal, fraudulent or dishonest act or acts committed by Agent or any of its
employees or agents, during the performance of their obligations under this Agreement or their employment. Alternatively, Agent may obtain a crime insurance policy covering the Agent, and all persons who handle, have access to, or are responsible
for, Owner’s monies which shall be obtained at Agent’s sole expense and shall provide Owner coverage of Two Million Dollars ($2,000,000.00) per occurrence with a Fifty Thousand Dollar ($50,000.00) deductible which deductible shall be an
expense of Agent. Owner shall be furnished by Agent with a certificate or other satisfactory documentation relating to the bond(s) or alternative crime insurance policy immediately upon issuance thereof. 

4.03.   Affiliates. Agent shall not contract for outside services for the Property with any Affiliate of Agent
without the prior written consent of Owner. 
 ARTICLE 5.  COMPLIANCE WITH LAWS. 

5.01.   Compliance.    Agent shall comply fully with and abide by all laws, rules, regulations,
requirements, orders, notices, determinations and ordinances (collectively, “Requirements”) of any federal, state or municipal authority to the extent applicable. If the cost of compliance is (i) not included in the Approved
Operating Budget or Approved Capital Budget or (ii) in excess of $10,000, Agent shall notify Owner promptly and obtain Owner’s prior written approval prior to making the expenditure. 

5.02.   Notice.  Agent shall promptly notify Owner of any non-compliance with, or alleged violation of,
any Requirement after becoming aware of the same. 
 ARTICLE 6.  FINANCIAL MATTERS. 

6.01.   Books and Records.    Property Manager shall keep accounts and books and records of the
Property in accordance with the terms of the Property Management Agreement and the methods and systems, and in form and substance, approved by Owner, showing all receipts, expenditures and all other records necessary or convenient for the recording
of the results of operations of the Property. Such books are to be maintained on both a cash and accrual accounting basis utilizing the Yardi accounting software hosted by Agent. Agent shall cooperate and assist Property Manager in the production
and retention of such books and records. To the extent held by Agent, any such original books and records shall be kept in a secure location at the Records Office and shall be open to inspection by Owner and their representatives during normal
business hours and Agent agrees to cooperate in making such books and records available for inspection. Upon the effective date of any termination of this Agreement, all of such books and records held by Agent shall be delivered forthwith to Owner
so as to ensure the orderly continuance of the operation of the Property. Cut-off date for books on a monthly basis will be the last working day of each month. 
  

	6.02.   Reports.	 

  (a)        On or before the last day of each month, Agent shall provide such reports and 

  
 6 

 
data to Owner and Property Manager as shall be required from time to time by Owner. Without limitation, Agent shall provide the following to Owner and Property Manager for the current calendar
month: 
 (i)          a detailed report of
all monies collected (identified by tenant or other source) which shall include, but not be limited to, rents collected (including laundry or other vending income, garage or parking income, percentage rent and other amounts payable under any retail
leases, if any), rents prepaid beyond the current month, and security deposits collected, and of vacancies and delinquent rents; 
 (ii)         a detailed report of all expenses paid; 
 (iii)        all bank statements and reconciliations; and 
 (iv)        any other special information as required from time to time by Owner. 
 6.03.   Audit.  Owner shall have the right to conduct an audit of the Property’s accounts and records at any time. Agent shall promptly correct all weaknesses and
errors disclosed by Owner’s audits, and shall timely inform Owner in writing of all corrective actions taken. Owner’s audit shall be at Owner’s expense unless an error arising from Agent’s negligence or misconduct is discovered
that is equal to or greater than two percent (2%) of annual gross receipts of the Property for the period audited, in which case Agent shall bear the full cost of the subject audit. Any adjustments in amounts due and owing from Owner or Agent
shall be paid within fifteen (15) calendar days following Owner’s receipt of the audit. 

6.04.   Other Reports and Statements.  Agent shall furnish to Owner, as promptly as practicable, such
other reports, statements or other information with respect to the operations of the Property or the Accounts as Owner may from time to time reasonably request. 
  

	6.05.   Reserved.	 

6.06.   Final Accounting.  Following termination of this Agreement, whether by expiration of the term
hereof or sooner, Agent shall be responsible for preparing a final accounting within thirty (30) days after the effective date of said termination. The final accounting shall include all items reasonably requested by Owner. Agent shall be
entitled to receive a prorated share of its Services Fee to the date of termination. 
  

	6.07.   Reserved.	 

6.08.   Certification.  To the extent applicable, all financial statements shall be certified as true and
correct in all material respects by Agent. 
 ARTICLE 7.  BANK ACCOUNTS. 

 

	7.01.   Property Accounts.	 

  
 7 

  (a)        All
funds received by Agent derived from the operation of the Property, as well as working capital furnished by Owner, shall be deposited in an account (the “Property Bank Account”) in Agent’s name, as agent for Owner, in an
FDIC-insured bank designated or approved by Owner, which such account will be in compliance with applicable law. Owner may direct Agent to change depository banks or the depository arrangements. All funds so deposited shall be deemed to be trust
funds held by Agent for the benefit of Owner and shall be held and disbursed as provided herein. Agent shall establish another custodial and/or trust account as required by applicable law or the Owner for the deposit of tenant security deposits (the
“TSD Account”). 
  (b)        No
non-Property funds shall be commingled with the funds in the Property Bank Account or TSD Account (collectively, the “Accounts”). 
 7.02.   Expenses Paid by Owner.  Except as otherwise directed by Owner, the following costs are to be paid directly by Agent: 

 (a)        Any and all costs necessary for the management,
operation and maintenance of the Property requested by Property Manager, provided such costs are provided for and are within the limits of the Approved Operating Budget or specifically approved in writing by Owner; 

 (b)        Capital expenditures provided for in the
Approved Capital Budget and requested by Property Manager or authorized in writing by Owner and directed by Owner to be incurred by Property Manager; and 

 (c)        Any and all costs necessary for emergency
expenses as provided in Section 2.02(f) of the Property Management Agreement and directed to be incurred by Property Manager. 
 Agent shall not be obligated to make any advance to or for the account of Owner. 
 ARTICLE 8.
INSURANCE AND INDEMNITY. 
  

8.01.   INDEMNIFICATION.

 (A)        AGENT AGREES TO AND SHALL, COMPLETELY AND TO
THE MAXIMUM EXTENT PERMITTED BY LAW, INDEMNIFY, DEFEND (WITH COUNSEL REASONABLY ACCEPTABLE TO OWNER), PROTECT AND HOLD OWNER AND ITS RESPECTIVE PRINCIPALS, OFFICERS, DIRECTORS, SHAREHOLDERS, PARTNERS, MEMBERS, EMPLOYEES, AUTHORIZED SUCCESSORS,
AUTHORIZED ASSIGNS AND AGENTS HARMLESS FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, ACTIONS, FINES, PENALTIES, LIABILITIES, LOSSES, TAXES, DAMAGES, INJURIES AND EXPENSES (INCLUDING, WITHOUT LIMITATION, ACTUAL ATTORNEYS’,

  
 8 

 
CONSULTANTS’ AND EXPERT WITNESS’ FEES, AND DEFENSE COSTS AT BOTH THE TRIAL AND APPELLATE LEVELS) (COLLECTIVELY, “DAMAGES”) IN ANY MANNER RELATED TO, ARISING OUT OF OR
RESULTING FROM (I) ANY FAILURE OF AGENT TO PERFORM ITS OBLIGATIONS UNDER THIS AGREEMENT CAUSING DAMAGE TO OWNER, BUT ONLY TO THE EXTENT SUCH DAMAGES ARE NOT COVERED BY THE INSURANCE MAINTAINED BY OWNER UNDER SECTION 8.05 BELOW, (II) ANY
ACTS OF AGENT BEYOND THE SCOPE OF ITS AUTHORITY UNDER THIS AGREEMENT, (III) ANY NEGLIGENCE, WILLFUL MISCONDUCT OR OTHER WRONGFUL OR INTENTIONAL ACTS OR OMISSIONS OF AGENT, BUT WITH REGARD TO NEGLIGENCE OF PROPERTY MANAGER (AS OPPOSED TO GROSS
NEGLIGENCE, WILLFUL MISCONDUCT OR OTHER WRONGFUL OR INTENTIONAL ACTS OR OMISSIONS) ONLY TO THE EXTENT SUCH DAMAGES ARE NOT COVERED BY THE INSURANCE MAINTAINED BY OWNER UNDER SECTION 8.05 BELOW, (IV) ANY INJURY, DAMAGE OR DEATH TO AGENT, ITS
OFFICERS, DIRECTORS, PARTNERS, EMPLOYEES, AGENTS AND OTHER REPRESENTATIVES, AND (V) ANY INJURY, DAMAGE AND/OR DEATH TO ANY INDEPENDENT CONTRACTORS OF AGENT. THE OBLIGATIONS OF AGENT UNDER THIS SUBSECTION (A) SHALL APPLY ONLY TO THE EXTENT
DAMAGES OF AN INDEMNIFIED PARTY ARE NOT FULLY PAID BY OWNER’S COMMERCIAL GENERAL LIABILITY INSURANCE DESCRIBED BELOW IN SECTION 8.05(B). NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS AGREEMENT TO THE CONTRARY, AGENT’S OBLIGATIONS UNDER
THIS SECTION 8.01 SHALL SURVIVE THE EXPIRATION, TERMINATION OR CANCELLATION OF THIS AGREEMENT, AND SHALL BIND ANY AND ALL OF THE HEIRS, SUCCESSORS, ASSIGNS, TRANSFEREES AND REPRESENTATIVES OF AGENT. THE RIGHTS OF OWNER UNDER THIS
SECTION 8.01 SHALL ALSO INURE TO THE BENEFIT OF ANY AND ALL OF THEIR PRINCIPALS, OFFICERS, DIRECTORS, SHAREHOLDERS, PARTNERS, MEMBERS, EMPLOYEES, AGENTS, TRUSTEES, HEIRS, BENEFICIARIES, TRUSTS, SUCCESSORS, ASSIGNS, TRANSFEREES AND
REPRESENTATIVES, AND TO THE BENEFIT OF ANY AND ALL PERSONS AND LEGAL ENTITIES WHO ARE, COULD BE OR ARE ALLEGED TO BE, LIABLE FOR THE OBLIGATIONS OF OWNER OR SUCH PRINCIPALS, OFFICERS, DIRECTORS, SHAREHOLDERS, PARTNERS, MEMBERS, EMPLOYEES, AGENTS,
TRUSTEES, HEIRS, BENEFICIARIES, TRUSTS, SUCCESSORS, ASSIGNS, TRANSFEREES AND REPRESENTATIVES. 
  (B)        OWNER AGREES TO AND SHALL, COMPLETELY AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, INDEMNIFY, DEFEND (WITH COUNSEL REASONABLY ACCEPTABLE TO
AGENT), PROTECT AND HOLD AGENT (AND ITS PARTNERS, EMPLOYEES, AGENTS, SUCCESSORS, ASSIGNS AND TRANSFEREES) HARMLESS FROM AND AGAINST ANY AND ALL DAMAGES IN ANY MANNER RELATED TO OR ARISING OUT OF AGENT’S PERFORMANCE OF ITS OBLIGATIONS UNDER THIS
AGREEMENT WHICH 

  
 9 

 
ARE (A) WITHIN THE SCOPE OF ITS AUTHORITY UNDER THIS AGREEMENT, AND (B) NOT WITHIN THE SCOPE OF AGENT’S INDEMNITY SET FORTH IN SECTION 8.01(A) ABOVE. 

 (C)        THE RIGHTS AND OBLIGATIONS OF INDEMNITY
PROVIDED IN THIS SECTION 8.01 SHALL NOT BE EXCLUSIVE AND SHALL BE IN ADDITION TO SUCH OTHER RIGHTS AND OBLIGATIONS AS OTHERWISE EXIST INDEPENDENT OF THE PROVISIONS OF THIS SECTION 8.01. 

8.02.   Agent’s Insurance Responsibility. 

(a)       The Agent shall maintain during the term of this Agreement,
and any extensions or renewals thereof, each of the following insurance coverages with deductibles, if applicable: 
  

	 	(i)	 Workers’ Compensation Insurance at no less than statutory requirements including employer’s liability with a limit of not less than
$1,000,000 each accident for bodily injury accident and $1,000,000 each employee and policy limit for bodily injury by disease. 

  

	 	(ii)	  Non-Occupational Disability Insurance when required by law, if applicable. 

(iii)   Commercial General Liability Insurance with a minimum combined bodily injury and
property damage per occurrence limit of liability of $5,000,000, a products-completed operations aggregate limit of $5,000,000 and a general aggregate limit of $10,000,000. Limits of liability may be satisfied through the maintenance of a
combination of primary and umbrella/excess liability policies. 

(iv)   Automobile Liability Insurance covering owned, hired and nonowned vehicles,
separate coverage in an amount not less than $1,000,000 combined single limit for bodily injury and property damage of $1,000,000 each accident. 

(v)     Errors and Omissions Insurance coverage in an amount not less than
$1,000,000 each claim and general aggregate. 

  (b)      Agent shall promptly provide Owner no later than
three (3) days after the Effective Date with certificates of insurance or other satisfactory documentation which evidence that all required insurance is in full force and effect. Upon request, Agent shall provide Owner with a copy of the
foregoing insurance policies. The insurance as required in Subsections 8.02(a)(i), (ii) and (v) to be maintained by Agent shall provide that the insurer shall provide to Owner thirty (30) days’ advance notice of cancellation
or material change. The liability policies required by Subsections 8.02(a)(iii) and (iv) shall provide that the insurer shall provide to Owner thirty (30) days’ advance notice of cancellation or material

  
 10 

 
change and shall name Owner and its principals, officers, directors, shareholders, partners, members, trustees, beneficiaries and employees as additional insureds. All liability policies shall be
written to apply to all bodily injury, property damage, personal injury and other covered loss, however occasioned, which occurred or arose (or the onset of which occurred or arose) in whole or in part during the policy period. Such liability
policies also shall contain endorsements including cross-liability and waiver of subrogation, and shall contain such other endorsements as may be reasonably required by Owner. The liability policies required by Subsections 8.02(a)(iii)
shall include broad form contractual liability insurance coverage. 
 8.03.    Contract Documents;
Indemnity Provisions.  Agent shall use its best efforts to include in service and supply contracts prepared or executed by Agent respecting the Property provisions to the effect that the other contracting party shall, to maximum extent
permitted by law, indemnify, defend (with counsel reasonably acceptable to Owner), protect and hold harmless Agent and Owner and their respective principals, officers, directors, shareholders, partners, members, managers, trustees, beneficiaries and
employees from and against any and all Damages in any manner related to, arising out of and/or resulting from any damage to or injury to, or death of, persons or property caused or occasioned by or in connection with or arising out of any acts or
omissions of said contracting party or its employees or agents or contractors and agree that no principal, officer, director, shareholder, partner, member, manager, investor, trustee, officer, employee or agent of Owner shall be personally liable
for any of the obligations of Owner hereunder. 
 8.04.    Ratings of Insurance
Companies.  All insurance required to be carried by Agent shall be written with companies having a policyholder and asset rate, as circulated by Best’s Insurance Reports, of A-:VIII or better unless an exception is approved by
Owner. 
 8.05.    Owner’s Insurance Responsibility.  Owner shall maintain during the
term of this Agreement, and any extensions thereof, each of the following insurance coverages which shall be primary and noncontributory insurance: 

 (a)        All-Risk Property Damage Insurance and Loss of
Rents Insurance coverage on the Property. 

 (b)        Commercial General Liability Insurance coverage
with a minimum general aggregate limit of not less than $10,000,000. Agent shall be designated an insured under Owner’s commercial general liability insurance policy while acting within the scope of its authority as Owner’s property
manager. All other terms and conditions of this Agreement (including, without limitation, the indemnification provisions of Section 8.01 and Agent’s obligation to maintain insurance described in Section 8.02) shall not be affected by
this Section 8.05(b). 
 8.06.    Reserved. 

ARTICLE 9.  RELATIONSHIP OF PARTIES and REPRESENTATIONS and WARRANTIES. 

  
 11 

 9.01.    Nature of Relationship.  In taking any action
pursuant to this Agreement, Agent will be acting only as an independent contractor, and nothing in this Agreement, expressed or implied, shall be construed as creating a partnership or joint venture or an employment relationship or that of principal
and agent between Agent (or any person employed by Agent) and Owner or any other relationship between the parties hereto except that of property owner and independent contractor. 

9.02.    Communications Between Parties.  Owner shall rely on Agent to direct and control all
operations at the Property; provided, however, Owner reserves the right to communicate directly with the manager specified in Subsection 4.01(b), Agent’s accountant(s) working on Property matters, all tenants and tenants’
representatives, all lease prospects, all advertising, management, cleaning and servicing firms doing work for the Property, and all parties contracting with Owner or Agent with respect to the Property. 

9.03.    Relationship of Owner and Agent with Respect to Leasing.  Agent shall not be entitled to
any commission or other fee in connection with the leasing of apartment units at the Property. 

9.04.    No Sales Brokerage Agreement.  There are no sales brokerage agreements between Owner and
Agent; Agent has no brokerage agreement or understanding (exclusive or otherwise) with respect to the sale of all or part of the Property on behalf of Owner; and in the event that Owner effects a sale of the Property, whether on its own or through
the use of others, brokers or otherwise, Agent shall be entitled to no compensation, fee or commission or other payment on account of such sale. Unless specifically approved by Owner, Agent shall have no right to obligate Owner for the payment of
any fees or commissions to any outside real estate agent or broker for tenant leases. Except as expressly provided to the contrary elsewhere herein or as otherwise approved by Owner in writing, Agent shall be fully responsible for any compensation
due employees of Agent and any real estate brokers cooperating with Agent. Agent shall indemnify and hold Owner harmless with respect to any action, proceeding, claim, liability, loss, cost or expense (including reasonable attorneys’ fees)
arising in connection with any claim for brokerage or finder’s fees or any other like payment payable as a result of a breach under this Section 9.04 by Agent. Agent’s obligations with respect to the foregoing indemnity shall survive
the expiration or earlier termination of this Agreement. 

9.05.    Confidentiality.  Except as may be otherwise required by law, Agent and Owner shall
maintain the confidentiality of all matters pertaining to this Agreement and all operations and transactions relating to the Property. 
 9.06.    Agent Not to Pledge Owner’s Credit.  Agent shall not, except in the purchase of goods, wares, merchandise, materials, supplies and services reasonably
required in the performance of its obligations under this Agreement and approved by Owner, pledge the credit of Owner; nor shall Agent, in the name or on behalf of Owner, borrow any money or execute any promissory note, installment purchase
agreement, bill of exchange or other obligation binding on Owner or the Property. 
  

	9.07    Representations	 and Warranties. 

  
 12 

 (a)        Agent
represents and warrants that (i) Agent has full power, authority and legal right to execute, deliver and perform this Agreement and to perform all of its obligations hereunder and (ii) the execution, delivery and performance of all or any
portion of this Agreement do not and will not (x) require any consent or approval from any governmental authority, (y) violate any provisions of law or any government order or (z) conflict with, result in a breach of, or constitute a
default under, the charter or bylaws of Agent or any instrument to which Agent is a party or by which it or any of its property is bound. 
 (b)        Owner represents and warrants that it has full power, authority and legal right to execute, deliver and perform this Agreement. 

(c)        Agent acknowledges and agrees that Owner is relying
upon the representations and warranties set forth in Sections 9.07(a) in entering into this Agreement, and Owner acknowledges and agrees that Agent is relying upon the representations and warranties set forth in Section 9.07(b) in entering into
this Agreement. 
 ARTICLE 10.            TERMINATION. 

10.01.    Termination by Owner Without Cause.  This Agreement may be terminated by Owner at any time
without cause and upon written notice to Agent by Owner, effective thirty (30) days from the date of such notice, which shall be considered the effective date of termination. 

10.02.    Termination by Owner for Cause.  This Agreement may be terminated by Owner (or the Agent
may be required by Owner to change its personnel assigned as Agent for the Property) at any time during the term hereof upon written notice to Agent effective immediately for any of the following causes: 

(a)        If Agent shall suspend or discontinue business;

 (b)        If a court shall enter a decree or order
for relief in respect of Agent in an involuntary case under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal, state or foreign bankruptcy, insolvency or other similar law, or appoint a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Agent or for any substantial part of its property, or for the winding-up, dissolution or liquidation of its affairs, and such decree or order shall continue unstayed and
in effect for a period of sixty (60) consecutive days or if Agent shall consent to any of the foregoing; 
 (c)        If Agent shall commence a voluntary case or action under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or
state bankruptcy insolvency or other similar law, or consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Agent or for any substantial part of its
property, or make any assignment for the benefit of creditors, or admit in writing that it is unable, or fail generally to pay its debts as such debts become due, or take action in furtherance of any of the foregoing; 

  
 13 

 (d)        If Agent
is grossly negligent or engages in willful misconduct with respect to its duties or obligations to Owner under this Agreement; or 
 (e)        If Agent commits any other material default in the performance of any of its obligations under this Agreement, unless such default is cured with thirty
(30) days after written notice of such default is given to Agent, or, if not curable within thirty (30) days, commenced within such thirty (30) days and diligently prosecuted to completion. 

10.03.  Termination by Agent.  This Agreement may be terminated by Agent, without cause, upon ninety
(90) days’ written notice to Owner. This Agreement may be terminated by Agent for cause if Owner commits any material default in the performance of any of its obligations under this Agreement, including, without limitation, its obligation
to pay to Agent any fees due and payable under Section 3.01 above, and such default shall continue for a period of thirty (30) days after notice thereof by Agent to Owner. 

10.04.  Orderly Transition.  In the event of any termination or expiration of this Agreement, Agent shall use
its best efforts to effect an orderly transition of the management and operation of the Property to an agent designated by Owner and to cooperate with such agent. Upon termination or expiration of this Agreement, Agent’s rights, if any, to
withdraw funds from any account which contains funds collected in connection with the Property shall terminate. Agent shall remove all signs that it may have placed at the Property containing its name and repair any resulting damage. In addition,
Agent shall deliver the following to Owner on or before thirty (30) days following the termination or expiration date: 
 (a)        A final report, reflecting the balance of income and expenses for the Property as of the date of termination or expiration; and 

(c)        All keys, property, supplies, records, contracts,
drawings, leases and correspondence, in existence at the time of termination or expiration and all other papers or documents pertaining to the Property. All data, information and documents shall at all times be the property of Owner. 

10.05.  Rights Which Survive Termination or Expiration.  Termination and/or expiration of this Agreement shall
in no event terminate or prejudice any right arising out of or accruing in connection with the terms of this Agreement attributable to events and circumstances occurring prior to termination or expiration of this Agreement, and/or all rights and
obligations specified in this Agreement to survive such termination and/or expiration. 
 ARTICLE
11.            MISCELLANEOUS. 
 11.01.  Governing
Law.  This Agreement shall be construed and enforced in accordance with the laws of the State in which the property is located without going effect to the conflict of law principles of such State. 

  
 14 

 11.02.  Table of Contents and Headings.  The Table of Contents
preceding this Agreement and the headings of the various articles and sections of this Agreement have been inserted for convenient reference only and shall not have the effect of modifying or amending the express terms and provisions of this
Agreement. 
 11.03.  Entire Agreement.  This Agreement contains the entire agreement between the
parties with regard to the subject matter hereof, and this Agreement shall not be amended, modified or cancelled except in writing signed by both parties or by their duly authorized agents. 

11.04.  Successors and Assigns.  All terms, conditions and agreements herein set forth shall inure to the
benefit of, and be binding upon the parties, and any and all of their respective permitted heirs, successors, representatives and assigns. Notwithstanding the foregoing, this Agreement may not be assigned by Agent nor shall Agent delegate any of its
duties hereunder without Owner’s prior written consent, which consent may be granted or withheld in Owner’s sole and absolute discretion. Any attempted assignment or delegation by Agent hereunder in violation of this Section 11.04
shall be null and void and of no force or effect. 
 11.05.  Waiver.  The failure of either party to
insist upon a strict performance of any of the terms or provisions of this Agreement or to exercise any option, right or remedy herein contained, shall not be construed as a waiver or as a relinquishment for the future of such terms, provisions,
option, right or remedy, but the same shall continue and remain in full force and effect. No waiver by either party of any terms or provisions hereof shall be deemed to have been made unless expressed in writing and signed by such party. In the
event of consent by Owner to an assignment of this Agreement, no further assignment shall be made without the express written consent of Owner. 
 11.06.  Severability.  Whenever possible each provision of this Agreement shall be interpreted in such manner as to be effective and valid under all applicable laws. However, if
any provision of this Agreement is invalid under any applicable law, such provision shall be ineffective only to the extent of such invalidity without invalidating the remaining provisions of this Agreement and, to the fullest extent possible, this
Agreement shall be interpreted so as to give effect to the stated written intent of the parties. 

11.07.  Time.  Time is of the essence of this Agreement. 

11.08.  Attorneys’ Fees.  In the event of any legal or equitable proceeding for enforcement of any of the
terms or conditions of this Agreement, or any alleged disputes, breaches, defaults or misrepresentations in connection with any provision of this Agreement, the prevailing party in such proceeding, or the non-dismissing party where the dismissal
occurs other than by reason of a settlement, shall be entitled to recover its reasonable costs and expenses, including without limitation reasonable attorneys’ fees and costs, paid or incurred in good faith at the pre-trial, trial and appellate
levels, and in enforcing any award or judgment granted pursuant thereto. Any award, judgment or order entered in any such proceeding shall contain a specific provision providing for the recovery of attorneys’ fees and costs incurred in
enforcing such award or judgment, including without limitation (a) post-award or post-judgment motions, (b) contempt proceedings, (c) garnishment, levy, and debtor and third party examinations, (d) discovery and
(e) bankruptcy litigation. The “prevailing 

  
 15 

 
party”, for purposes of this Agreement, shall be deemed to be that party that obtains substantially the result sought, whether by dismissal, award or judgment. 

11.09.  Further Acts. Owner and Agent shall execute such other documents and perform such other acts as may be
reasonably necessary and/or helpful to carry out the purposes of this Agreement. 
 11.10.  No Advertising. No
publication, announcement or other public advertisement of the name of Owner in connection with the Property shall be made by Agent, except as may be required by applicable law or with the prior written consent of Owner. 

11.11.  Signs. Signs and building directories are prohibited unless specifically approved by Owner. Agent may place
reasonable leasing signs as required with the prior approval of Owner. All signs must meet all requirements of local sign codes and ordinances. 
 11.12.  Owner Exculpatory Clause; Waivers of Jury Trial and Punitive Damages. Agent agrees that no principal, officer, director, shareholder, partner, member, investor, manager,
representative, trustee, officer, employee or agent of Owner or of its members or partners shall be personally liable for any of the obligations of Owner hereunder and that Agent must look solely to the assets of Owner for the enforcement of any
claims against Owner arising hereunder. In addition, Agent hereby waives in connection with any such claim any right it may have to a jury trial and any punitive or consequential damages. 

11.14.  Notices. Any notice required or desired to be given under this Agreement shall be given in writing and shall be
deemed sufficiently given and served for all purposes when personally delivered or delivered by any generally recognized courier, or by certified or registered mail, addressed to the appropriate address shown below. Any notice given by depositing it
in the United States mail as certified or registered mail, postage prepaid, shall be deemed given five (5) business days after deposit. 
  

			
	 Owner:
	 	 KBS Legacy Partners Wesley LLC
 c/o KBS Capital Advisors, LLC
 620 Newport Center Drive, Suite 1300

Newport Beach, California 92660
 Attn:  David Snyder

		
	 With a copy to:
	 	 KBS Legacy Partners Wesley LLC
 c/o Legacy Partners Residential Realty LLC
 5141 California Avenue, Suite
100
 Irvine, California 92617
 Attn:  Timothy J. O’Brien

		
	 With a copy to:
	 	 KBS Legacy Partners Wesley LLC
 c/o Legacy Partners Residential, Inc.
 4000 E. Third Avenue, Sixth Floor

Foster City, California 94404

  
 16 

			
		 	 Attn:  W. Dean Henry/Guy K. Hays

		
	 Agent:
	 	 c/o Legacy Partners Residential, Inc.
 4000 E. Third Avenue, Sixth Floor
 Foster City, California 94404

Attn:  Carol Foster

		
	 With a copy to:
	 	 c/o Legacy Partners Residential, Inc.
 4000 E. Third Avenue, Sixth Floor
 Foster City, California 94404

Attn:  W. Dean Henry/Guy K. Hays

 11.15.  Counterparts. This Agreement may be executed in any number of counterparts and
each such counterpart shall be deemed to be an original instrument, but all such executed counterparts together shall constitute one and the same instrument. 

  
 17 

   IN WITNESS WHEREOF, the parties hereto have caused this
instrument to be executed as of the Effective Date. 
  

													
	 OWNER:
	 		  	 KBS LEGACY PARTNERS WESLEY LLC, a Delaware
 limited liability company

				
		 		  	 By:    
	  	 KBS LEGACY PARTNERS PROPERTIES
 LLC, a Delaware limited liability company, its
 sole member

					
		 		  		  	 By:    
	  	 KBS LEGACY PARTNERS LIMITED
  PARTNERSHIP, a Delaware limited
  partnership, its sole member

						
		 		  		  		  	 By:    
	  	 KBS LEGACY PARTNERS

APARTMENT REIT, INC., a
 Maryland corporation,
its sole
 general partner

							
		 		  		  		  		  	By:	 	/s/ Guy K. Hays
		 		  		  		  		  	Name: Guy K. Hays
		 		  		  		  		  	Title: Executive Vice President
			
	AGENT:	 		  	 LEGACY PARTNERS RESIDENTIAL L.P., a
 Delaware limited partnership

				
		 		  	By:	  	 Legacy Partners Residential, Inc., a
 Delaware corporation, its managing general
 partner

				
		 		  		  	By: /s/
Michael J. King                                    

		 		  		  	Name:  Michael J. King
		 		  		  	 Its:       Vice President – Designated Real

             Estate Broker

  
 18 

 EXHIBIT A 
 LEGAL DESCRIPTION OF PROPERTY 
 LYING AND BEING in the City of Charlotte, County
of Mecklenburg, North Carolina, and more particularly described as follows: 
 BEING all of Tract 2, Tract 3 and Tract 6 on plat
recorded in Map Book 50, Page 862, Mecklenburg County Public Registry, as modified and affected by plats recorded in Map Book 51, page 392 and MapBook 53, page 499. (Description is subject to possible revision upon receipt of current survey).

 TOGETHER WITH all easements, rights, and appurtenances contained in declaration of Easements recorded in Book 24097,
page 749, Mecklenburg County Public Registry. 

  
 A-1Sale, Purchase and Escrow Agreement

 Exhibit 10.61 

 
  
  

SALE, PURCHASE AND ESCROW AGREEMENT 
 BETWEEN 
 EDEN PRAIRIE WATERTOWER, LLC (“Seller”)

 AND 
 KBS-LEGACY APARTMENT COMMUNITY REIT VENTURE, LLC (“Purchaser”) 
 AND 
 STEWART TITLE GUARANTY COMPANY (“Escrow Agent”)

  
 November 29, 2012 

 TABLE OF CONTENTS 

Table of Contents 
  

							
	 ARTICLE I PROPERTY
	  	 	- 1 -	  
	 1.1
	    	Real Property	  	 	- 1 -	  
	 1.2
	    	Personal Property	  	 	- 1 -	  
	 1.3
	    	Leases	  	 	- 1 -	  
	 1.4
	    	Service Contracts	  	 	- 2 -	  
	 1.5
	    	Permits	  	 	- 2 -	  
	 1.6
	    	Warranties	  	 	- 2 -	  
	 1.7
	    	Plans	  	 	- 2 -	  
	 1.8
	    	Property	  	 	- 2 -	  
	 1.9
	    	Purchase and Sale	  	 	- 2 -	  
		
	ARTICLE II PURCHASE PRICE	  	 	- 2 -	  
	 2.1
	    	Price	  	 	- 2 -	  
	 2.2
	    	Interest on the Deposit	  	 	- 3 -	  
		
	ARTICLE III CONDITIONS TO THE PARTIES’ OBLIGATIONS	  	 	- 3 -	  
	 3.1
	    	Conditions to Purchaser’s Obligation to Purchase	  	 	- 3 -	  
	 3.2
	    	Conditions to Seller’s Obligation to Sell	  	 	- 4 -	  
	 3.3
	    	Commercial Tenant Estoppel	  	 	- 4 -	  
		
	ARTICLE IV PURCHASER’S DELIVERIES AND SELLER’S DELIVERIES TO ESCROW AGENT	  	 	- 4 -	  
	 4.1
	    	Purchaser’s Deliveries	  	 	- 4 -	  
	 4.2
	    	Seller’s Deliveries	  	 	- 5 -	  
	 4.3
	    	Failure to Deliver	  	 	- 6 -	  
		
	ARTICLE V INVESTIGATION OF PROPERTY	  	 	- 7 -	  
	 5.1
	    	Delivery of Documents	  	 	- 7 -	  
	 5.2
	    	Physical Inspection of Property	  	 	- 8 -	  
	 5.3
	    	Investigation Period	  	 	- 10 -	  
	 5.4
	    	Effect of Termination	  	 	- 11 -	  
	 5.5
	    	No Obligation to Cure	  	 	- 11 -	  
	 5.6
	    	Copies of Third Party Reports	  	 	- 12 -	  
		
	ARTICLE VI THE CLOSING	  	 	- 12 -	  
	 6.1
	    	Date and Manner of Closing	  	 	- 12 -	  
		
	ARTICLE VII PRORATION, FEES, COSTS AND ADJUSTMENTS	  	 	-12 -	  
	 7.1
	    	Prorations	  	 	- 12 -	  
	 7.2
	    	Seller’s Closing Costs	  	 	- 15 -	  
	 7.3
	    	Purchaser’s Closing Costs	  	 	- 15 -	  
		
	ARTICLE VIII DISTRIBUTION OF FUNDS AND DOCUMENTS	  	 	- 15 -	  
	 8.1
	    	Delivery of the Purchase Price	  	 	- 15 -	  

  
 i 

							
	 8.2
	    	Other Monetary Disbursements	  	 	- 15 -	  
	 8.3
	    	Recorded Documents	  	 	- 16 -	  
	 8.4
	    	Documents to Purchaser	  	 	- 16 -	  
	 8.5
	    	Documents to Seller	  	 	- 16 -	  
	 8.6
	    	All Other Documents	  	 	- 16 -	  
		
	ARTICLE IX RETURN OF DOCUMENTS AND FUNDS UPON TERMINATION	  	 	- 16 -	  
	 9.1
	    	Return of Seller’s Documents	  	 	- 16 -	  
	 9.2
	    	Return of Purchaser’s Documents	  	 	- 17 -	  
	 9.3
	    	Deposit	  	 	- 17 -	  
	 9.4
	    	Disbursement of Deposit	  	 	- 17 -	  
	 9.5
	    	No Effect on Rights of Parties; Survival	  	 	- 17 -	  
		
	ARTICLE X DEFAULT	  	 	- 17 -	  
	 10.1
	    	Seller’s Remedies	  	 	- 17 -	  
	 10.2
	    	Purchaser’s Remedies	  	 	- 18 -	  
		
	ARTICLE XI REPRESENTATIONS AND WARRANTIES	  	 	- 19 -	  
	 11.1
	    	Seller’s Warranties and Representations	  	 	- 19 -	  
	 11.2
	    	Purchaser’s Warranties and Representations	  	 	- 22 -	  
	 11.3
	    	No Other Warranties and Representations	  	 	- 25 -	  
		
	ARTICLE XII CASUALTY AND CONDEMNATION	  	 	- 27 -	  
		
	ARTICLE XIII CONDUCT PRIOR TO CLOSING	  	 	- 28 -	  
	 13.1
	    	Conduct	  	 	- 28 -	  
	 13.2
	    	Actions Prohibited	  	 	- 28 -	  
	 13.3
	    	Modification of Existing Leases and Contracts	  	 	- 28 -	  
	 13.4
	    	New Leases and Contracts	  	 	- 29 -	  
	 13.5
	    	Confidentiality	  	 	- 29 -	  
	 13.6
	    	Right to Cure	  	 	- 30 -	  
		
	ARTICLE XIV NOTICES	  	 	- 30 -	  
		
	ARTICLE XV TRANSFER OF POSSESSION	  	 	- 32 -	  
	 15.1
	    	Transfer of Possession	  	 	- 32 -	  
	 15.2
	    	Delivery of Documents at Closing	  	 	- 32 -	  
	 15.3
	    	Delivery of Post-Closing Records	  	 	- 32 -	  
		
	ARTICLE XVI GENERAL PROVISIONS	  	 	- 33 -	  
	 16.1
	    	Captions	  	 	- 33 -	  
	 16.2
	    	Exhibits	  	 	- 33 -	  
	 16.3
	    	Entire Agreement	  	 	- 33 -	  
	 16.4
	    	Modification	  	 	- 33 -	  
	 16.5
	    	Attorneys’ Fees	  	 	- 33 -	  
	 16.6
	    	Governing Law	  	 	- 33 -	  
	 16.7
	    	Time of Essence	  	 	- 33 -	  
	 16.8
	    	Survival of Warranties	  	 	- 34 -	  

  
 ii 

							
	 16.9
	    	Assignment by Purchaser	  	 	- 34 -	  
	 16.10
	    	Severability	  	 	- 34 -	  
	 16.11
	    	Successors and Assigns	  	 	- 35 -	  
	 16.12
	    	Interpretation	  	 	- 35 -	  
	 16.13
	    	Counterparts	  	 	- 35 -	  
	 16.14
	    	Recordation	  	 	- 35 -	  
	 16.15
	    	Limitation on Liability	  	 	- 35 -	  
	 16.16
	    	Possession of Advisor	  	 	- 36 -	  
	 16.17
	    	Time Periods	  	 	- 36 -	  
	 16.18
	    	Waiver of Jury Trial	  	 	- 36 -	  
	 16.19
	    	Waiver	  	 	- 36 -	  
	 16.20
	    	Governing Law; Venue	  	 	- 36 -	  
	 16.21
	    	Effective Date	  	 	- 36 -	  
	 16.22
	    	Waiver of Written Disclosures	  	 	- 37 -	  
	 16.23
	    	Notice of Airport Zoning Regulations	  	 	- 37 -	  
	 16.24
	    	Notice Regarding Predatory Offender Information	  	 	- 37 -	  
		
	ARTICLE XVII ESCROW AGENT DUTIES AND DISPUTES	  	 	- 37 -	  
	 17.1
	    	Other Duties of Escrow Agent	  	 	- 37 -	  
	 17.2
	    	Disputes	  	 	- 37 -	  
	 17.3
	    	Reports	  	 	- 38 -	  

 EXHIBITS 
  

							
	 EXHIBIT A
	  	 	—	  	  	Description of Land
	 EXHIBIT B
	  	 	—	  	  	Personal Property
	 EXHIBIT C
	  	 	—	  	  	Assignment and Assumption of Leases, Contracts and Other Property Interests
	 EXHIBIT D
	  	 	—	  	  	Form of Bill of Sale
	 EXHIBIT E
	  	 	—	  	  	Leases
	 EXHIBIT F
	  	 	—	  	  	Service Contracts
	 EXHIBIT G
	  	 	—	  	  	Form of Notice to Tenants
	 EXHIBIT H
	  	 	—	  	  	FIRPTA Affidavit
	 EXHIBIT I
	  	 	—	  	  	Form of Deed
	 EXHIBIT J
	  	 	—	  	  	Form of Title Affidavit
	 EXHIBIT K
	  	 	—	  	  	Form of Estoppel Certificate

  
 iii

 INDEX OF DEFINED TERMS 

 

					
	 Term
	  	 Section
	 
		
	 Additional Deposit
	  	 	2.1.2	  
	 Advisor
	  	 	5.2.3	  
	 Approval Notice
	  	 	5.3.2	  
	 Assignment of Leases and Contracts
	  	 	4.1.2	  
	 Bill of Sale
	  	 	4.1.3	  
	 Broker
	  	 	11.1.1	  
	 Business Day
	  	 	16.17	  
	 Closing
	  	 	6.1	  
	 Code
	  	 	11.2.7	  
	 Commercial Lease
	  	 	1.3	  
	 Commercial Tenant
	  	 	1.3	  
	 Deed
	  	 	4.2.1	  
	 Deposit
	  	 	2.1.1	  
	 Effective Date
	  	 	16.21	  
	 ERISA
	  	 	11.2.7	  
	 Escrow Agent
	  	 	Introduction	  
	 Estoppel
	  	 	3.3	  
	 Final Closing Date
	  	 	6.1	  
	 Improvements
	  	 	1.1	  
	 Initial Deposit
	  	 	2.1.1	  
	 in Seller’s control
	  	 	4.2.10	  
	 Investigation Period
	  	 	5.3.2	  
	 Land
	  	 	1.1	  
	 Lease
	  	 	1.3	  
	 Leases
	  	 	1.3	  
	 Limitation Period
	  	 	10.2	  
	 Lists
	  	 	11.1.11(2)(a)	  
	 Maximum Liability Cap
	  	 	16.15	  
	 OFAC
	  	 	11.1.11(1)	  
	 Operating Statements
	  	 	5.1.7	  
	 Order
	  	 	11.1.11(1)	  
	 Order(s)
	  	 	11.1.11(1)	  
	 Permits
	  	 	1.5	  
	 Permitted Encumbrances
	  	 	4.2.1	  
	 Personal Property
	  	 	1.2	  
	 Plans
	  	 	1.7	  
	 Property
	  	 	1.8	  
	 Property Identification
	  	 	1.2	  
	 Proprietary Information
	  	 	13.5	  
	 Purchase Price
	  	 	2.1	  
	 Purchaser
	  	 	Introduction	  
	 Purchaser’s Action
	  	 	10.1	  
	 Purchaser’s 3-14 Audit
	  	 	5.1	  

  
 iv 

					
	 Real Property
	  	 	1.1	  
	 Rent Roll
	  	 	5.1.6	  
	 Residential Leases
	  	 	1.3	  
	 Seller
	  	 	Introduction	  
	 Seller Parties
	  	 	16.15	  
	 Service Contracts
	  	 	1.4	  
	 Survey
	  	 	5.1.2	  
	 Tenant Payments
	  	 	7.1.1	  
	 Termination Notice
	  	 	5.3.2	  
	 Title Affidavit
	  	 	4.2.8	  
	 Title Commitment
	  	 	5.1.1	  
	 Title Company
	  	 	3.1.3	  
	 Title Objections
	  	 	5.3.1	  
	 Title Policy
	  	 	3.1.3	  
	 Title Report
	  	 	5.1.1	  
	 Warranties
	  	 	1.6	  

  
 v 

 SALE, PURCHASE AND ESCROW AGREEMENT 

This Sale, Purchase and Escrow Agreement (“Agreement”), dated as of November 29, 2012, is
made by and between EDEN PRAIRIE WATERTOWER, LLC, a Delaware limited liability company (“Seller”), and KBS-LEGACY APARTMENT COMMUNITY REIT VENTURE, LLC, a Delaware limited liability company
(“Purchaser”), and constitutes (i) a contract of sale and purchase between the parties and (ii) an escrow agreement among Seller, Purchaser and STEWART TITLE GUARANTY COMPANY (“Escrow
Agent”), the consent of which appears at the end of this Agreement. 
 ARTICLE I 

PROPERTY 
 1.1        Real Property.    Seller owns and holds fee title to that certain land (the “Land”) described
in Exhibit A, together with all buildings, structures, fixtures and other improvements of every kind and nature presently situated on or used in, on or about the Land (collectively, the “Improvements”), being a 228
unit apartment community with approximately 10,065 square feet of commercial space commonly known as “Watertower Apartments” located at 12300 Singletree Lane, in Eden Prairie, Minnesota and all appurtenances thereto, including easements or
rights of way and with all right, title and interest of Seller in and to any land lying in the bed of any street (opened or proposed) adjacent to or abutting or adjoining such premises, together with all rights, privileges, rights of way and
easements appurtenant to such premises, including, without limitation, other interests in, on, or under any land, highway, alley, street or right of way abutting or adjoining such premises (collectively, the “Real Property”).

 1.2        Personal Property.    In
connection with the Real Property, Seller has certain rights, title and interests in (i) certain governmental permits, licenses and approvals, (ii) certain contractual rights, leases, and other intangible assets,
(iii) fixtures, furniture, equipment and certain other items of tangible personal property which are located on the Real Property and used by Seller in connection with the operation and maintenance of the Land and Improvements,
including, without limitation, the personal property listed on Exhibit B attached to and made a part of this Agreement and as further described in Section 1.3 through Section 1.7 below, and (iv) intellectual
property rights in the software and content (including without limitation the text, graphics, artwork photographs, floor plans and virtual tours but expressly excluding any content identifying Seller or its affiliates and logos associated therewith)
of the website currently located at www. watertowerapts.com (collectively, the “Personal Property”). Seller expressly makes no representation or warranty with respect to any right, title or interest it may have regarding the
right to use the name of the Real Property (including “Watertower”) and associated trademarks, logos, trade colors, service marks and trade names (collectively, the “Property Identification”). Notwithstanding the
foregoing to the contrary, the term “Personal Property” shall include the Property Identification solely to the extent Seller has any right, title and interest therein and thereto. 

1.3        Leases.    All present residential
and commercial leases as set forth in the Rent Roll described in Section 5.1.6 and attached to this Agreement as Exhibit E and all future residential and commercial leases and agreements for the use or occupancy of any portion of
the Land or Improvements executed in accordance with this Agreement after the Effective Date (each 

  
 - 1 -

 
individually a “Lease” and collectively, the “Leases”) including, without limitation, all right, title and interest in that certain commercial
lease (“Commercial Lease”) with Wadsworth Old Chicago, Inc., a Colorado corporation (“Commercial Tenant”). Leases of residential units are referenced herein as “Residential
Leases”. 
 1.4        Service
Contracts.    Seller’s interests, to the extent transferable, in the service contracts, landscaping, and/or other maintenance agreements, management contracts, security deposit bonds and/or other agreements relating
to the Real Property and Personal Property (collectively, the “Service Contracts”) which Purchaser has elected to assume at Closing. 
 1.5        Permits.    Seller’s interests, to the extent transferable, in the licenses and permits with respect to the
ownership and operation of the Real Property, including, without limitation, building permits, mechanical permits and certificates of occupancy (the “Permits”). 

1.6        Warranties.     Seller’s
interest in all warranties and guaranties, if any, given to, assigned to or benefitting Seller, the Real Property or the Personal Property regarding the acquisition, construction, design, use, or operation of the Real Property and the Personal
Property (the “Warranties”). 

1.7        Plans.    To the extent that Seller
has possession of the following items: copies of as-built engineering and architectural plans, drawings, specifications, geotechnical subsoil tests or analyses, termite inspection reports, structural reports, foundation reports, and all blueprints,
schematics, renderings, architect’s drawings, and all other reports, plans or studies held by or for Seller which relate to the Real Property (the “Plans”). 

1.8        Property.    All of the property
listed in Section 1.2 through Section 1.7, together with the Real Property and Personal Property, are collectively referred to as the “Property”. 

1.9        Purchase and Sale.    Seller now
desires to sell and Purchaser now desires to purchase, on an “as-is” basis, all of Seller’s right, title and interest in and to the Property, upon the terms and covenants and subject to the conditions set forth in this Agreement. As a
material part of the consideration for this Agreement, Purchaser agrees with Seller that Purchaser is purchasing the Property in “AS-IS, WHERE-IS” condition, with all faults and defects, latent and patent, and specifically and expressly
without any representations or guarantees, either express or implied, of any kind, nature, or type whatsoever from or on behalf of Seller, other than any representations and warranties specifically contained in this Agreement. 

ARTICLE II 
 PURCHASE PRICE 

2.1        Price.    Seller hereby agrees to
sell and Purchaser hereby agrees to purchase the Property for a total purchase price of Thirty Eight Million Six Hundred Thousand and No/100 Dollars ($38,600,000.00) (the “Purchase Price”), which shall be paid by Purchaser as
follows: 
     2.1.1       Initial
Deposit.    Purchaser has delivered concurrently with its execution of this Agreement, or will deliver within three (3) Business Days following the Effective Date, to Escrow Agent by bank wire of immediately
available funds the sum of Two 

  
 - 2 -

 
Hundred Thousand and No/100 Dollars ($200,000.00) (the “Initial Deposit”) which shall be held at Purchaser’s election in a federally insured interest-bearing account
of a banking institution whose principal office is in Minneapolis, New York City, or San Francisco. 
     2.1.2    Additional Deposit.    In the event Purchaser does not terminate this Agreement by the expiration of the
Investigation Period as provided in Section 5.3.2 of this Agreement, within three (3) Business Days following the expiration of the Investigation Period, Purchaser shall deposit with Escrow Agent by bank wire of immediately
available funds the sum of One Million Three Hundred Thousand and No/100 Dollars ($1,300,000.00) (the “Additional Deposit”). The Initial Deposit and Additional Deposit are referred to collectively in this Agreement as the
“Deposit”. 

    2.1.3    Balance of Purchase
Price.  Purchaser shall, at the Closing (as defined in Section 6.1), deliver to Escrow Agent, by bank wire transfer of immediately available funds, a sum equal to the balance of the Purchase Price. The balance of the
Purchase Price received by Seller at Closing shall be adjusted to reflect prorations and other adjustments pursuant to ARTICLE VII. 
 2.2        Interest on the Deposit.  Any interest earned on the Deposit shall be credited and delivered to the party receiving the Deposit,
provided, however, that if the transaction closes, at Closing any interest earned on the Deposit shall be credited to Purchaser by applying the same against the Purchase Price. 
 ARTICLE III 
 CONDITIONS TO THE PARTIES’ OBLIGATIONS

 3.1        Conditions to Purchaser’s Obligation to
Purchase.    Purchaser’s obligation to purchase is expressly conditioned upon each of the following: 
     3.1.1    Performance by Seller.    Performance in all material respects of the obligations and covenants of, and deliveries
required of, Seller under this Agreement. 

    3.1.2    Delivery of Title and
Possession.    Delivery at the Closing of (i) the Deed (as defined in Section 4.2.1) and (ii) possession as provided in Section 15.1. 

    3.1.3    Title
Insurance.    Delivery at the Closing of the standard current form of American Land Title Association (ALTA) owner’s policy of title insurance (the “Title Policy”), or a pro forma or
“marked up” title commitment with liability in the amount of the Purchase Price issued by Stewart Title Guaranty Company (the “Title Company”), insuring that fee title to the Real Property vests in Purchaser subject
to the Permitted Encumbrances (as defined in Section 4.2.1). (At its option, Purchaser may direct the Title Company to issue additional title insurance endorsements if Purchaser pays for the extra cost of such additional endorsements,
provided that the Title Company’s failure to issue any such additional endorsements shall not affect Purchaser’s obligations under this Agreement). 

    3.1.4    Seller’s
Representations.    The representations and warranties by Seller 

  
 - 3 -

 
set forth in Section 11.1 being true and correct in all material respects as of the Closing except as modified by notice (in accordance with Section 11.1) to which
Purchaser does not object in writing by the later of (i) three (3) Business Days after receipt thereof or (ii) the end of the Investigation Period, provided that such notice references this Section 3.1.4 in bold and
prominent print. 
 3.2        Conditions to Seller’s
Obligation to Sell.    Seller’s obligation to sell is expressly conditioned upon each of the following: 
     3.2.1    Performance by Purchaser.    Performance in all material respects of the obligations and covenants of, and deliveries
required of, Purchaser hereunder. 

    3.2.2    Receipt of Purchase
Price.    Receipt of the Purchase Price and any adjustments due Seller under ARTICLE VII at the Closing in the manner provided in this Agreement. 

3.3        Commercial Tenant
Estoppel.    Seller shall request an estoppel certificate from Commercial Tenant in the form attached to this Agreement as Exhibit K or such other form as specified in the Commercial Lease
(“Estoppel”), and Seller shall use commercially reasonable efforts to obtain the Estoppel prior to the date which is three (3) Business Days prior to the expiration of the Investigation Period. The failure to deliver an
executed Estoppel from the Commercial Tenant shall not, however, be a default by Seller. In the event Seller is unable to timely obtain an executed Estoppel from the Commercial Tenant, Seller shall execute and deliver to Purchaser an Estoppel not
later than the date which is two (2) Business Days prior to the expiration of the Inspection Period. In the event Seller provides an Estoppel pursuant to this Section 3.3 and Seller thereafter obtains an Estoppel from Commercial
Tenant, Purchaser shall rely on the Estoppel from the Commercial Tenant and the Estoppel from Seller shall have no force or effect. 
 ARTICLE IV 
 PURCHASER’S DELIVERIES AND SELLER’S
DELIVERIES TO ESCROW AGENT 
 4.1        Purchaser’s
Deliveries.    Purchaser shall, at or before the Closing, deliver to Escrow Agent each of the following: 
     4.1.1    Purchase Price.    The balance of the Purchase Price subject to prorations and adjustments permitted by this
Agreement under ARTICLE VII. Payment of the Purchase Price shall be made in the form of immediately available federal wire funds. 
     4.1.2    Assignment of Leases and Contracts.    Four (4) executed counterparts of the Assignment and Assumption of
Leases, Contracts and Other Property Interests (the “Assignment of Leases and Contracts”) in the form attached to this Agreement as Exhibit C. 

    4.1.3    Bill of
Sale.    Four (4) executed counterparts of a bill of sale (the “Bill of Sale”) in the form attached to this Agreement as Exhibit D. 

  
 - 4 -

    4.1.4    Closing
Statement.    An executed settlement statement reflecting the prorations and adjustments required under ARTICLE VII. 

    4.1.5    Bringdown
Certificate.    A written certificate stating that all representations and warranties of Purchaser contained in ARTICLE XI remain, as of the Closing, correct in all material respects as when first made under this
Agreement. 
     4.1.6    Certificate of Real
Estate Value.    A certificate of real estate value (Minnesota Revenue Form PE 20) to be filed with the Deed (as defined below). 

    4.1.7    Other.    Such
other instruments and/or documents as Title Company shall reasonably require and instruments and/or documents as otherwise needed to consummate the transaction contemplated by this Agreement. 

4.2        Seller’s Deliveries.    Seller
shall, at or before the Closing, deliver to Escrow Agent each of the following: 

    4.2.1    Deed.    A limited
warranty deed (the “Deed”) in the form attached to this Agreement as Exhibit I with respect to the Real Property, executed and acknowledged by Seller, pursuant to which Seller shall convey title to the Real Property
subject to the following (collectively, the “Permitted Encumbrances”): 

  (1)        Non-delinquent real property taxes and
all assessments and unpaid installments thereof which are not delinquent. 

  (2)        The Leases, including the Commercial
Lease. 
   (3)        Any other lien,
encumbrance, easement or other exception or matter voluntarily imposed or consented to by Purchaser in writing prior to or as of the Closing. 
   (4)        All exceptions (including printed exceptions) to title contained or disclosed in the Title Report (as defined in Section 5.1.1)
other than Title Objections (as defined in Section 5.3.1) identified and not thereafter waived by Purchaser. 
   (5)        Items shown on the Survey (as defined in Section 5.1.2) other than Title Objections identified and not thereafter waived by Purchaser.

     4.2.2    Assignment of Leases and
Contracts.    Four (4) executed counterparts of the Assignment of Leases and Contracts in the form attached to this Agreement as Exhibit C, and (whether through the closing escrow or through such other method
of delivery as the parties may establish) original executed Leases (or copies if originals are not in Seller’s possession) and the Service Contracts assigned thereby. 

    4.2.3    Bill of
Sale.    Four (4) executed counterparts of the Bill of Sale. 

    4.2.4    Notices to
Tenants.    A notice signed by Seller (or Seller’s manager for 

  
 - 5 -

 
the Improvements) addressed to the tenants under the Leases in the form attached to this Agreement as Exhibit G. 

    4.2.5    FIRPTA
Affidavit.    Four (4) executed copies of an affidavit in the form attached to this Agreement as Exhibit H with respect to the Foreign Investment in Real Property Tax Act. 

    4.2.6    Closing
Statement.    An executed settlement statement reflecting the prorations and adjustments required under ARTICLE VII. 

    4.2.7    Cash –
Prorations.    The amount, if any, required of Seller under ARTICLE VII. 
     4.2.8    Title Affidavit.    A title affidavit substantially in the form attached to this Agreement as Exhibit J
(“Title Affidavit”). 

    4.2.9    Updated Rent
Roll.    An updated Rent Roll (as defined below) dated as of the Closing. 
     4.2.10  Original Property Information.    The original Leases (or copies to the extent that originals are not available); the Lease
files; originals of all contracts (or copies if no originals are available) and receipts for deposits; all keys, if any, used in the operation of the Property and the key track system; if in Seller’s possession or control, a copy of any
“as-built” plans and specifications of the Improvements; copies of all material permits and approvals relating to the Property and in Seller’s possession or control; and such other non-proprietary documents as are in Seller’s
possession or control and are reasonably necessary in connection with the operation, leasing and management of the Property. Wherever used in this Agreement, the term “in Seller’s control”, or words to that effect, shall
mean in the actual possession of any third party consultant currently retained by Seller in connection with the Property, including without limitation, Seller’s attorney and the property manager for the Property. 

    4.2.11  Bringdown Certificate.    A
written certificate stating that all representations and warranties of Seller contained in ARTICLE XI remain, as of the Closing, correct in all material respects as when first made under this Agreement. 

    4.2.12  Certificate of Legal
Existence.    A Certificate of Legal Existence for Seller from the Secretary of State of the State of Delaware which evidences the filing of such entity therewith, together with a Certificate of Good Standing from the
State of Minnesota. 

    4.2.13  Other.    Such other
instruments and/or documents as Title Company shall reasonably require and instruments and/or documents as otherwise needed to consummate the transaction contemplated by this Agreement and to issue the Title Policy. 

4.3        Failure to Deliver.    The failure
of Purchaser or Seller to make any delivery required above by and in accordance with this ARTICLE IV which is not waived by the other 

  
 - 6 -

 
party shall constitute a default hereunder by Purchaser or Seller, as applicable, and entitle the non-defaulting party the remedies set forth in ARTICLE X of this Agreement. 

ARTICLE V 
 INVESTIGATION OF PROPERTY 

5.1        Delivery of Documents.    To the
extent not previously provided to Purchaser, Seller shall deliver, cause to be delivered, or make available to Purchaser the following within five (5) Business Days following the full execution of this Agreement: 

    5.1.1    Title
Commitment.    A copy of Seller’s existing title insurance policy for the Property, or to the extent available, a copy of a recent title commitment for the property (“Title Commitment”)
covering the Real Property, together with copies of all documents referred to as exceptions in the Title Commitment (collectively, the “Title Report”). Purchaser may obtain, at its sole cost and expense, a Title Commitment
issued by Title Company. 

    5.1.2    Survey.    The
most recent ALTA/ASCM survey of the Real Property prepared by a licensed surveyor (the “Survey”). 
     5.1.3    Leases and Contracts.    Copies of the Leases and the Service Contracts and copies of the Lease files. 

    5.1.4    Plans and
Specifications.    To the extent in Seller’s possession or control, copies of all plans and specifications for the Improvements. 

    5.1.5    Permits.    To the
extent in Seller’s possession or control, copies of all governmental permits, certificates of occupancy and approvals, in each case regarding the Property. 

    5.1.6    Rent Roll.    A
current rent roll for the Property, indicating each tenant’s unit number and unit type, rents collected, scheduled rents and concessions, units occupied, delinquencies, security deposits, pet and other deposits held, prepaid rent, and Lease
start and maturity dates (the “Rent Roll”). 

    5.1.7    Operating
Statements.    Operating statements for 2010, 2011, and year to date (the “Operating Statements”). 

    5.1.8    Utility
Bills.    All utility bills for the Property from November 2011 to present. 
     5.1.9    Budget.    The current year’s budget for the Property. 

    5.1.10  Tax Bills.    Copies of the
property tax bills for the years 2009, 2010 and 2011. 

    5.1.11  Environmental Reports.    To
the extent in Seller’s possession or control, copies of all environmental reports for the Property. 

  
 - 7 -

     5.1.12  Engineering
Reports.    To the extent in Seller’s possession or control, copies of all engineering reports including structural, plumbing, electrical, and mechanical reports. 

    5.1.13  Fire and Life Safety
Systems.    To the extent in Seller’s possession or control, copies of all documents relating to the fire and life safety systems for the Property including the plans and specifications for such systems. 

In addition to the foregoing, Seller shall promptly and in good faith comply with any reasonable request by Purchaser for any additional
documents relating to the operation of the Property, including documents required for Purchaser’s 3-14 Audit, provided that in no event shall Seller incur any additional costs. Purchaser has informed Seller that Purchaser is required by law to
complete, with respect to certain matters relating to the Property, an audit commonly known as a “3-14” Audit (“Purchaser’s 3-14 Audit”). Seller agrees to cooperate in all reasonable respects with
Purchaser’s requests for information and documents in connection with Purchaser’s 3-14 Audit at Purchaser’s sole cost and expense. 
 If requested by Seller, Purchaser shall provide written verification of its receipt of those items listed in this Section 5.1. 

5.2        Physical Inspection of Property. 

    5.2.1    Commencing on the Effective Date of this Agreement
and continuing through the Investigation Period, or sooner termination or cancellation of this Agreement, Seller shall allow Purchaser and Purchaser’s engineers, architects, consultants, or other employees and agents reasonable access to the
Property during normal business hours for the limited purposes provided in this Agreement. 

    5.2.2    Purchaser and its engineers, architects,
consultants, and other employees and agents may exercise such access solely for the purposes of (i) reviewing Leases, Lease files, permitting documents, contracts, books and records relating to the Property (other than any privileged,
proprietary or confidential records), soil reports, environmental studies and reports, surveys, and building and systems plans; (ii) reviewing records relating to operating expenses and other instruments and correspondence relating to the
Property; and (iii) inspecting the physical condition of the Property and conducting non-intrusive physical and environmental tests and inspections thereof. PURCHASER SHALL NOT CONDUCT OR ALLOW ANY PHYSICALLY INTRUSIVE TESTING OF, ON OR UNDER
THE PROPERTY WITHOUT FIRST OBTAINING SELLER’S PRIOR WRITTEN CONSENT AS TO THE TIMING AND SCOPE OF THE WORK TO BE PERFORMED AND THE PARTIES ENTERING INTO AN AMENDMENT TO THIS AGREEMENT MEMORIALIZING SUCH SCOPE OF WORK AND ANY ADDITIONAL
AGREEMENTS OF THE PARTIES WITH RESPECT TO SUCH TESTING. 

    5.2.3    Purchaser agrees that it will cause it and any
person accessing the Property hereunder to be covered by not less than $1,000,000 commercial general liability insurance (with, in the case of Purchaser’s coverage, a contractual liability endorsement, insuring its indemnity obligation under
this Agreement), insuring all activity and conduct 

  
 - 8 -

 
of such person while exercising such right of access and naming Seller and BlackRock Realty Advisors, Inc. (“Advisor”) as additional insureds, issued by a licensed
insurance company qualified to do business in the State in which the Property is located and otherwise reasonably acceptable to Seller. Proof of such insurance coverage shall by delivered to Seller prior to any entry on the Property. Purchaser shall
not terminate or cancel the foregoing coverage during the term of this Agreement and shall use best efforts to ensure that the foregoing coverages shall not be terminated or cancelled by such insurance company during the term of this Agreement.
Purchaser shall give Seller prompt written notice of any such termination or cancellation of insurance coverage. 
     5.2.4    Purchaser agrees that, in the exercise of the right of access granted hereby, it will not unreasonably interfere with or permit unreasonable
interference with any person occupying or providing service at the Property. Purchaser agrees that any inspection, test or other study or analysis of the Property shall be performed in a manner so as not to interfere with Seller’s on-going
operations and business activities at the Property. Purchaser agrees that it or its agents will not communicate with any tenants without the prior consent of Seller. 

    5.2.5    Purchaser shall timely pay for and hold Seller,
Advisor, and their affiliates, members, partners, subsidiaries, shareholders, officers, directors and agents harmless from liability for the costs of all tests, inspections, examinations, studies and analyses performed by or on behalf of Purchaser
under this Section 5.2 so that the Property does not become subject to any liens. Purchaser has no authority or right to create liens on the Property. If such a lien occurs, Purchaser shall remove same by statutory permitted bond or
otherwise within five (5) days of notice from Seller. 

    5.2.6    Purchaser agrees to indemnify, defend and hold
harmless Seller, Advisor and their affiliates, members, partners, subsidiaries, shareholders, officers, directors and agents from any loss, injury, damage, cause of action, liability, claim, lien, cost or expense, including reasonable
attorneys’ fees and costs, pretrial, at trial and all appellate levels, arising out of or resulting from the exercise by Purchaser or its employees, consultants, agents or representatives of the right of access under this Agreement or arising
out of or resulting from Seller’s tests, inspections, examinations, studies and/or analyses of the Property and/or Purchaser’s failure to pay any bills, invoices, or charges relating to such tests, inspections, examinations, studies and
analyses, provided that the foregoing obligation shall not cover any loss, injury, damage, cause of action, liability, claim, lien, cost or expense which is attributable to, to the extent so attributable to, (i) pre-existing adverse conditions
affecting the Property, (ii) Seller’s conduct, or (iii) Purchaser’s discovery of any information potentially having a negative impact on the Property. The indemnity in this Section 5.2.6 shall survive the Closing or
any termination of this Agreement. 

    5.2.7    Purchaser agrees to give Seller at least twenty-four
(24) hours prior telephone or written notice of its intent to conduct any inspections or tests so that Seller will have the opportunity to have a representative present during any such inspection or test, the right to do which Seller expressly
reserves. Purchaser agrees to cooperate with any reasonable request by Seller in connection with the timing of any such inspection or test. Purchaser agrees to provide Seller upon Seller’s request with a copy of any written

  
 - 9 -

 
inspection or test report or summary prepared by Seller or third parties for or at the direction of Purchaser, including any written inspection or test report. Purchaser agrees that prior to
Closing it shall not disclose to third parties the results, analyses or compilations of any inspections, investigations, examinations, studies and tests conducted by or on behalf of Purchaser; provided, however, that such information may be
disclosed to such persons or entities who, because of their involvement with the proposed transaction, need to know such information for the purpose of giving advice with respect to, or consummating, the transaction contemplated herein and only
after notifying such persons of the confidential nature of such information and the confidentiality provisions and restrictions in this Agreement. In addition, Purchaser may disclose such information (i) to the extent required by law, rule,
regulation, subpoena or court order after notifying Seller in writing and providing Seller with the opportunity to review the information sought to be disclosed, (ii) to any due diligence representatives and/or consultants that are engaged by,
work for or are acting on behalf of, any securities dealers and/or broker dealers evaluating Purchaser or its permitted assignees and only after notifying such persons of the confidential nature of such information and the confidentiality provisions
and restrictions in this Agreement, (iii) to the extent required in connection with any filings (including any amendment or supplement to any Form S-11 Registration Filing) with governmental agencies (including the Securities and Exchange
Commission (the “SEC”)) by any real estate investment trust (“REIT”) holding an interest (direct or indirect) in Purchaser or in any permitted assignee of Purchaser after notifying Seller in writing
and providing Seller with the opportunity to review the information sought to be disclosed, and (iv) to any broker/dealers in the REIT’s broker/dealer network and any of the REIT’s investors and only after notifying such persons of
the confidential nature of such information and the confidentiality provisions and restrictions in this Agreement. 
     5.2.8    Purchaser agrees that any inspection, test or other study or analysis of the Property shall be performed at Purchaser’s sole expense and in strict
accordance with applicable law. 

    5.2.9    Purchaser agrees at its own expense to promptly
repair or restore the Property to the condition existing prior to Purchaser conducting any inspection, test, examination, or study on the Property pursuant to this Section 5.2 or, at Seller’s option, to reimburse Seller for any
repair or restoration costs, if any inspection or test requires or results in any damage to or alteration of the condition of the Property. The obligations set forth in this Section 5.2.9 shall survive the Closing or any termination of
this Agreement. 
 5.3        Investigation
Period.    Purchaser shall have the right to make the following investigations. 
     5.3.1     Title and Survey.    Purchaser acknowledges receipt of the Title Report and Survey. Purchaser shall have a) until
5:00 p.m. Central Time on December 5, 2012 (the “Title Review Deadline”), or b) in the event any additional title exceptions (each an “Additional Exception”) are reported or discovered by the
Title Company or Purchaser after the date of the Title Report, until the later of the Title Review Deadline or five (5) Business Days after receipt of written notice of any such Additional Exception, but in no event later than two
(2) Business Days prior to the Final Closing Date, to notify Seller in 

  
 - 10 -

 
writing of any objections (the “Title Objections”) to matters set forth in the Title Report and Survey or Additional Exceptions. If Purchaser does not give notice, such
failure shall be conclusively deemed to be full and complete approval of the Title Report, the Survey, any Additional Exceptions, and any matter disclosed therein. If Purchaser does give such notice, Seller shall have five (5) Business Days
after receipt thereof to notify Purchaser that Seller (a) will cause or (b) elects not to cause any or all of the Title Objections disclosed therein to be removed or insured over by the Title Company. Seller’s failure to notify
Purchaser within such five (5) business day period as to any Title Objection shall be deemed an election by Seller not to remove or have the Title Company insure over such Title Objection. If Seller notifies or is deemed to have notified
Purchaser that Seller shall not remove nor have the Title Company insure over any or all of the Title Objections or if Purchaser is not willing to accept Seller’s method of removal or title insurance over any Title Objection, Purchaser shall
have until the later of (i) three (3) Business Days following such notice or deemed notice, or (ii) the end of the Investigation Period to (A) terminate this Agreement or (B) waive such Title Objections and proceed to
Closing without any abatement or reduction in the Purchase Price on account of such Title Objections. If Purchaser does not give such notice within such period, Purchaser shall be deemed to have elected to waive such Title Objections which Seller
declined to remove or insure over. Notwithstanding anything to the contrary in this Section 5.3.1, if title to the Property is encumbered by unpaid taxes and/or liens in a liquidated amount that can be released if satisfied by payment of
money alone and such amount is equal to or less than the Purchase Price, then Purchaser shall accept title to the Property as it then is and, at the time of Closing under this Agreement, such unpaid taxes and/or liens shall be paid by Seller or
Seller shall remove the same by statutory permitted bond. Seller shall not be obligated to initiate litigation or incur any expense to clear title to the Property or otherwise be obligated to clear title to the Property, except as otherwise
specifically provided in this Section 5.3.1. 

    5.3.2    General
Investigation.    In addition, Purchaser shall have from the Effective Date until 5:00 p.m. Central Time on December 13, 2012 (the “Investigation Period”) to notify Seller that, as a result of
Purchaser’s review of any documents (other than the Title Report or the Survey) or Purchaser’s investigation of the Property, or for any other reason or no reason, it elects to either a) terminate this Agreement (a “Termination
Notice”), or b) consummate the transaction contemplated herein (an “Approval Notice”). If Purchaser fails to give an Approval Notice prior to the expiration of the Investigation Period, such failure shall be
conclusively deemed to be Purchaser’s delivery of a Termination Notice and election to terminate this Agreement pursuant to this Section 5.3.2. 

5.4        Effect of Termination.    If
Purchaser terminates this Agreement in accordance with Section 5.3, then subject to Section 5.2, Escrow Agent shall return the Deposit to Purchaser and all further rights and obligations of the parties shall cease and
terminate without any further liability of either party to the other (except those obligations which are specifically provided to survive such termination as provided in this Agreement). 

5.5        No Obligation to Cure.    Except as
set forth in Section 5.3.1, nothing contained in this Agreement or otherwise shall require Seller to render its title marketable or to remove or correct any exception or matter disapproved by Purchaser or to spend any money or incur any

  
 - 11 -

 
expense in order to do so. To enable Seller to make conveyance as herein provided, Seller may, at the time of delivery of the Deed, use any portion of the Purchase Price to clear the title of any
or all encumbrances or interests, provided that all instruments so procured are recorded simultaneously with the delivery of the Deed or within a reasonable period of time thereafter in accordance with standard conveyancing practice. 

5.6        Copies of Third Party Reports.    If
the Investigation Period is extended for any reason, including by amendment to this Agreement, or if Seller otherwise requests, Purchaser, within three (3) days after such extension or request, shall provide Seller with copies of all third
party reports and work product generated with respect to the Property. 
 ARTICLE VI 

THE CLOSING 
 6.1        Date and Manner of Closing.    Escrow Agent shall close the escrow (the “Closing”) as soon as
all conditions to closing contained in this Agreement have been satisfied (or deemed satisfied) or waived in writing which shall in any event be not later than 1:00 p.m. Central Time on January 15, 2013 (the “Final Closing
Date”), time being of the essence (subject only to Seller’s express rights of remedy or cure provided in this Agreement, in which event Seller will give Purchaser not less than five (5) days’ notice of the date of
Closing), by recording and delivering all documents and funds as set forth in ARTICLE VIII. 
 ARTICLE VII

 PRORATION, FEES, COSTS AND ADJUSTMENTS 

7.1        Prorations.    Prior to the Closing,
Seller shall determine the amounts of the prorations in accordance with this Agreement and notify Purchaser thereof. Purchaser shall review and approve such determination promptly and prior to the Closing, such approval not to be unreasonably
withheld or delayed. Thereafter, Purchaser and Seller shall each inform Escrow Agent of such amounts. 
     7.1.1    Certain Items Prorated.    In accordance with the notifications, Escrow Agent shall prorate between the parties (and
the parties shall deposit funds therefor with Escrow Agent or shall instruct Escrow Agent to debit against sums held by Escrow Agent owing to such party), as of 11:59 p.m. the day prior to the Closing (i.e. the day of the Closing shall belong to
Purchaser), all income and expenses with respect to the Property and payable to or by the owner of the Property, including, without limitation: (i) all real property taxes and all installments of assessments due and payable in the calendar year
of Closing based on the current year’s taxes, if known; if the Closing occurs on a date when the current year’s taxes are not fixed and the current year’s assessments valuation is available, taxes will be prorated based on such
assessment valuation and the prior year’s tax rate; if the current year’s assessment valuation is not available, then taxes will be prorated based on the prior year’s tax (any tax proration based on the prior year’s tax and/or
tax rate may be subsequently re-prorated when the tax bill for the current year is received and the actual amount of taxes is known as provided in Section 7.1.5(c); (ii) rents and other tenant payments and tenant reimbursements
(collectively, “Tenant  

  
 - 12 -

 
Payments”) if any, received under the Leases; (iii) charges for water, sewer, electricity, gas, fuel and other utility charges, all of which shall be based on meter
readings scheduled by Seller and completed before Closing, unless Seller elects to close its own applicable account, in which event Purchaser shall open its own account and the respective charges shall not be prorated; (iv) amounts prepaid and
amounts accrued but unpaid on Service Contracts which are to be assumed by Purchaser; (v) periodic fees for licenses, permits or other authorizations with respect to the Property; (vi) certified, confirmed or ratified liens for
governmental improvements or special assessments as of the Final Closing Date, if any, shall be paid by Seller, and all other pending or other liens for governmental improvements or special assessments shall be assumed by Purchaser; to the extent
that liens for governmental improvements or special assessments are to be paid in installments, Seller shall pay installments attributable to the periods of time prior to the Final Closing Date, and Purchaser shall pay all installments attributable
to the period of time from and after the Final Closing Date, and any installments which are attributable to a period of time that commences before the Final Closing Date and ends after the Final Closing Date shall be prorated. 

    7.1.2    Leasing
Commissions.    Seller shall pay all brokerage or leasing commissions and finders’ fees applicable to Leases in effect as of the Final Closing Date. With respect to the Commercial Lease, Purchaser shall have no
obligation to pay or reimburse Seller for tenant improvement costs, but Purchaser shall be responsible for commissions applicable to any renewal, extension or other option under the Commercial Lease occurring from and after the Final Closing Date as
well as any tenant improvement costs agreed to by Purchaser and Commercial Tenant. 

    7.1.3    Taxes. 

  (a)        Real property tax refunds and credits
received after the Closing which are wholly attributable to a fiscal tax year prior to the Closing shall belong to Seller. Any such refunds and credits attributable to the fiscal tax year during which the Closing occurs shall be apportioned between
Seller and Purchaser after deducting the reasonable out-of-pocket expenses of collection thereof. This apportionment obligation shall survive the Closing. 

  (b)        If any tax appeal or certiorari
proceedings shall not have been finally resolved or settled prior to the Closing and shall relate to any tax period a portion or all of which precedes the Closing, Seller shall be entitled to control the disposition of any such tax appeal or
certiorari proceeding and any refunds received therefrom, net of any expenses incurred by Seller in connection therewith, shall be prorated between the parties on the basis of the portions accruing to periods before and after the Closing.

   (c)        Seller is responsible for and
shall pay prior to Closing all real property taxes and installments of assessments due in all years prior to the year of Closing and any deferred real property taxes and/or assessments which may become payable as a result of the sale contemplated
hereby. Seller shall not, however, be responsible for any increase in the amount of real property taxes or assessments as a result of the sale contemplated hereby. 

  
 - 13 -

    7.1.4    Security and Other
Deposits.    At the Closing, Seller shall deliver to Purchaser all unapplied refundable security deposits (plus interest accrued thereon to the extent required to be paid by the applicable Lease or applicable law)
required to be held by Seller under the Leases and Purchaser shall pay Seller an amount equal to all utility and contract deposits then held by third parties with respect to the Property and transferred to Purchaser hereunder. If any security
deposits shall be held by Seller in the form of letters of credit or surety bonds, Seller shall assign its rights thereunder to Purchaser and shall cooperate reasonably with Purchaser in respect of the reissuance of any such letters of credit or
bonds in the name of Purchaser. 

    7.1.5    Adjustments. 

  (a)        Delinquent Tenant Payments, if any, shall
not be prorated and all rights thereto shall be retained by Seller, who reserves the right to collect and retain such delinquent Tenant Payments, and Purchaser agrees to cooperate with Seller in Seller’s efforts to collect such Tenant Payments;
provided, however, that Seller shall not be entitled to commence any disposition or eviction proceeding against the delinquent tenant. If at any time after the Closing Purchaser shall receive any such delinquent Tenant Payments (all of which
Purchaser shall use its best efforts to obtain), Purchaser shall immediately remit such Tenant Payments to Seller, provided that any monies received by Purchaser from a delinquent tenant shall be applied first to current rents then due and payable
and then to delinquent rents in the inverse order in which they became due and payable. If the tenant payments required to be made by Commercial Tenant include percentage rent, additional rent, escalation charges or reimbursement for real property
taxes, operating expenses or other charges, Purchaser shall pay such amount applicable to the period prior to Closing to Seller upon receipt thereof. The terms of this Section 7.1.5(a) shall survive the Closing. 

  (b)        Real property tax refunds and credits
received after the Closing which are wholly attributable to a fiscal tax year prior to Closing shall belong to Seller. Any such refunds and credits attributable to the fiscal tax year during which the Closing occurs shall be apportioned between
Seller and Purchaser. This apportionment obligation shall survive the Closing. 

  (c)        Any real property tax proration based on
the prior year’s taxes or based on the tax rate for the preceding period applied to the latest assessed valuation may, at the written request of either party, be subsequently re-prorated and adjusted when the tax bill for the year of Closing is
received and the actual amount of taxes is known; provided, however, that such written request must be delivered within thirty (30) days when the actual real property taxes are finally fixed. Upon receipt of such written request, any excess
credit to Purchaser shall be rebated to Seller, and any shortfall in credit to Purchaser shall be paid to Seller, as applicable. In the event either party fails or refuses to reprorate the real estate taxes within ten (10) days following
receipt of a written request by the other party for such reproration, then the amount due shall bear interest from the expiration of such ten (10) day period at the maximum rate allowed by law. In the event a party must institute legal
proceedings to recover the reproration of real estate 

  
 - 14 -

 
taxes and the interest due as set forth herein, the prevailing party shall be entitled, in addition, to recover reasonable attorneys’ fees, paraprofessional fees and costs incurred pretrial,
at trial and at all levels of proceeding, including appeals, from the non-prevailing party. The terms of this Section 7.1.5(c) shall survive the Closing. 

    7.1.6    Insurance.    
Seller’s existing liability and property insurance pertaining to the Property shall be canceled as of the Closing, and Seller shall receive any premium refund due thereon. 

    7.1.7    Rent-Ready Unit
Credit.    If any vacant rental apartment units shall not be in rent-ready condition (as customarily prepared by Seller’s property manager) as of the Closing, then, in such event and except as to units which became
vacant during the five (5) Business Days prior to and including the date of the Closing, Purchaser shall receive a cash credit in an amount of $500 (which amount the parties agree is the amount reasonably necessary to clean, repair, and
refurbish said apartment units so as to put them into rent-ready condition) multiplied by the number of such units not then in rent-ready condition other than those units which became vacant during the five (5) Business Days prior to an
including the date of Closing. 
 7.2        Seller’s Closing
Costs.    Seller shall pay (i) any documentary stamp, deed, transfer or conveyance taxes, (ii) one-half of Escrow Agent’s escrow fee or escrow termination charge, (iii) the cost of the Survey,
(iv) the cost of obtaining the Title Report, and (v) Seller’s own attorneys’ fees. 

7.3        Purchaser’s Closing
Costs.    Purchaser shall pay (i) one-half of Escrow Agent’s escrow fee or escrow termination charge, (ii) any costs incurred in recording the Deed and any other instruments, (iii) the cost of and the
premium for the Title Policy and any title endorsements requested by Purchaser, (iv) any costs incurred in connection with Purchaser’s investigation of the Property pursuant to ARTICLE V, including the cost of any new environmental
assessment commissioned by Purchaser, and (v) Purchaser’s own attorneys’ fees. 
 All other
closing costs shall be paid according to local custom. 
 ARTICLE VIII 

DISTRIBUTION OF FUNDS AND DOCUMENTS 

8.1        Delivery of the Purchase
Price.    At the Closing, Escrow Agent shall deliver the Purchase Price to Seller, subject to the adjustments and prorations set forth in this Agreement, and the transaction shall not be considered closed until Escrow
Agent is irrevocably committed to delivering the Purchase Price to Seller upon satisfaction of all conditions to Closing, 
 8.2        Other Monetary Disbursements.    Escrow Agent shall, at the Closing, arrange for wire transfer, (i) to Seller, or
order, as instructed by Seller, all sums and any proration or other credits to which Seller is entitled and less any appropriate proration or other charges and (ii) to Purchaser, or order, any excess funds therefor delivered to Escrow Agent by
Purchaser and 

  
 - 15 -

 
all sums and any proration or other credits to which Purchaser is entitled and less any appropriate proration or other charges. 

8.3        Recorded Documents.    Escrow Agent
shall cause the Deed and any other documents that Seller or Purchaser desires to record to be recorded with the Registrar of Titles of Hennepin County, Minnesota and, after recording, returned to the grantee, beneficiary or person acquiring rights
under such document or for whose benefit such document was required. Purchaser and Seller agree to use commercially reasonable efforts (which shall not require the parties to incur any additional costs) to cooperate with Escrow Agent in causing the
Deed and any other documents to be so recorded and so filed, which obligation shall survive the Closing. 

8.4        Documents to Purchaser.    Escrow
Agent shall at the Closing or when available deliver by overnight express delivery to Purchaser the following: 
  

			
	   (1)
	    	 one (1) conformed copy of the Deed showing all recording data;

	   (2)
	    	 two (2) originals of the Assignment of Leases and Contracts;

	   (3)
	    	 two (2) originals of the Bill of Sale;

	   (4)
	    	 one (1) original of the Estoppel;

	   (5)
	    	 one (1) original of the Notice to Tenants;

	   (6)
	    	 two (2) originals of the FIRPTA Affidavit;

	   (7)
	    	 one (1) original of the Closing Statement;

	   (8)
	    	 one (1) original of the Title Affidavit; and

	   (9)
	    	 one original of the Title Policy.

 8.5        Documents to
Seller.    Escrow Agent shall at the Closing or when available deliver by overnight express delivery to Seller, the following: 
  

			
	   (1)
	    	 one (1) conformed copy of the Deed showing all recording data;

	   (2)
	    	 two (2) originals of the Assignment of Leases and Contracts;

	   (3)
	    	 two (2) originals of the Bill of Sale;

	   (4)
	    	 one (1) copy of the Estoppel;

	   (5)
	    	 one (1) copy of the Notice to Tenants;

	   (6)
	    	 two (2) originals of the FIRPTA Affidavit;

	   (7)
	    	 one (1) original of the Closing Statement; and

	   (8)
	    	 one (1) copy of the Title Affidavit.

 8.6        All Other
Documents.    Escrow Agent shall at the Closing deliver by overnight express delivery, each other document received hereunder by Escrow Agent to the person acquiring rights under said document or for whose benefit said
document was required. 
 ARTICLE IX 
 RETURN OF DOCUMENTS AND FUNDS UPON TERMINATION 

9.1        Return of Seller’s
Documents.    If escrow or this Agreement is terminated for any reason, Purchaser shall, within five (5) days following such termination upon receipt of written request from Seller, deliver to Seller all documents
and materials relating to the Property previously delivered to Purchaser by Seller and copies of all reports, studies, documents and 

  
 - 16 -

 
materials obtained by Purchaser from third parties in connection with the Property and Purchaser’s investigation thereof. Such items shall be delivered without representation or warranty as
to accuracy or completeness and with no right of Seller to rely thereon without the consent of the third party. Escrow Agent shall deliver all documents and materials deposited by Seller and then in Escrow Agent’s possession to Seller and shall
destroy any documents executed by both Purchaser and Seller. Upon delivery by Escrow Agent to Seller (or such destruction, as applicable) of such documents and materials, Escrow Agent’s obligations with regard to such documents and materials
under this Agreement shall be deemed fulfilled and Escrow Agent shall have no further liability with regard to such documents and materials to either Seller or Purchaser. 

9.2        Return of Purchaser’s
Documents.    If escrow or this Agreement is terminated for any reason, Escrow Agent shall deliver all documents and materials deposited by Purchaser and then in Escrow Agent’s possession to Purchaser and shall
destroy any documents executed by both Purchaser and Seller. Upon delivery by Escrow Agent to Purchaser (or such destruction, as applicable) of such documents and materials, Escrow Agent’s obligations with regard to such documents and materials
under this Agreement shall be deemed fulfilled and Escrow Agent shall have no further liability with regard to such documents and materials to either Seller or Purchaser. 

9.3        Deposit.    If escrow or this
Agreement is terminated (i) pursuant to Section 5.3, Section 10.2 or ARTICLE XII or (ii) due to the failure of a condition set forth in Section 3.1, or (iii) pursuant to Sections 11.1.12 or
11.2.9, then, subject to Sections 5.2.5, 5.2.6 and 5.2.9, Purchaser shall be entitled to obtain the return of the Deposit pursuant to Section 9.4 below. If the Closing does not take place due to a default or breach of any
provision of this Agreement by Purchaser, Seller shall be entitled to the Deposit by retaining or causing Escrow Agent to deliver the Deposit to Seller pursuant to Section 9.4 below. 

9.4        Disbursement of Deposit.    If
Escrow Agent receives a notice from either party instructing Escrow Agent to deliver the Deposit to such party, Escrow Agent shall deliver a copy of the notice to the other party within three (3) days after receipt of the notice. If the other
party does not object to the delivery of the Deposit as set forth in the notice within three (3) Business Days after receipt of the copy of the notice, Escrow Agent shall, and is hereby authorized to, deliver the Deposit to the party requesting
it pursuant to the notice. Any objection hereunder shall be by notice setting forth the nature and grounds for the objection and shall be sent to Escrow Agent and to the party requesting the Deposit. 

9.5        No Effect on Rights of Parties;
Survival.    The return of documents and monies as set forth above shall not affect the right of either party to seek such legal or equitable remedies as such party may have under ARTICLE X with respect to the enforcement
of this Agreement. The obligations under this ARTICLE IX shall survive termination of this Agreement. 
 ARTICLE X

 DEFAULT 
 10.1      Seller’s Remedies.    If Purchaser is in default and fails to complete the acquisition as provided in this Agreement,
Purchaser shall be in breach of its obligations under this 

  
 - 17 -

 
Agreement and Seller shall have the right to terminate this Agreement pursuant to Minn. Stat. § 559.21 and be released from any further obligations under this Agreement. BY INITIALING BELOW,
PURCHASER AND SELLER HEREBY ACKNOWLEDGE AND AGREE THAT SELLER’S ACTUAL DAMAGES IN THE EVENT OF SUCH A BREACH OF THIS AGREEMENT BY PURCHASER WOULD BE EXTREMELY DIFFICULT OR IMPOSSIBLE TO DETERMINE, THAT THE AMOUNT OF THE DEPOSIT IS THE
PARTIES’ BEST AND MOST ACCURATE ESTIMATE OF THE DAMAGES SELLER WOULD SUFFER IN THE EVENT THE TRANSACTION PROVIDED FOR IN THIS AGREEMENT FAILS TO CLOSE, AND THAT SUCH ESTIMATE IS REASONABLE UNDER THE CIRCUMSTANCES EXISTING ON THE DATE OF THIS
AGREEMENT. PURCHASER AND SELLER AGREE THAT SELLER’S RIGHT TO RETAIN THE DEPOSIT SHALL BE THE SOLE REMEDY OF SELLER AT LAW IN THE EVENT OF SUCH A BREACH OF THIS AGREEMENT BY PURCHASER. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS
SECTION 10.1, IF THE TRANSACTION FAILS TO CLOSE AND OTHER THAN IN CONNECTION WITH AN ACTION FOR SPECIFIC PERFORMANCE OR THE ENFORCEMENT OF PURCHASER’S REMEDIES UNDER SECTION 10.2, PURCHASER BRINGS AN ACTION AGAINST SELLER FOR AN
ALLEGED BREACH OR DEFAULT BY SELLER OF ITS OBLIGATIONS UNDER THIS AGREEMENT, RECORDS A LIS PENDENS OR OTHERWISE ENJOINS OR RESTRICTS SELLER’S ABILITY TO SELL AND TRANSFER THE PROPERTY, OR IN VIOLATION OF ANY ESCROW INSTRUCTIONS OR PROVISIONS OF
THIS AGREEMENT REFUSES TO CONSENT TO OR INSTRUCT RELEASE OF THE DEPOSIT TO SELLER IF REQUIRED BY ESCROW AGENT (EACH A “PURCHASER’S ACTION”), SELLER SHALL NOT BE RESTRICTED BY THE PROVISIONS OF THIS SECTION 10.1
FROM BRINGING AN ACTION AGAINST PURCHASER SEEKING EXPUNGEMENT OR RELIEF FROM ANY IMPROPERLY FILED LIS PENDENS, INJUNCTION OR OTHER RESTRAINT, AND/OR RECOVERING FEES, COSTS AND EXPENSES (INCLUDING ATTORNEYS’ FEES) WHICH SELLER MAY SUFFER OR
INCUR AS A RESULT OF ANY PURCHASER’S ACTION BUT ONLY TO THE EXTENT THAT SELLER IS THE PREVAILING PARTY; AND THE AMOUNT OF ANY SUCH FEES, COSTS AND EXPENSES AWARDED TO SELLER SHALL BE IN ADDITION TO THE LIQUIDATED DAMAGES SET FORTH HEREIN.
NOTHING IN THIS AGREEMENT SHALL, HOWEVER, BE DEEMED TO LIMIT PURCHASER’S LIABILITY TO SELLER FOR ACTUAL DAMAGES OR INJUNCTIVE RELIEF FOR BREACH OF PURCHASER’S INDEMNITY OBLIGATIONS UNDER SECTION 5.2.5 OR SECTION 5.2.6 ABOVE
OR FOR ATTORNEYS’ FEES AND COSTS AS PROVIDED IN SECTION 16.5 BELOW. 
 ACCEPTED AND AGREED TO: 

 

									
		 	 /s/ MM
	 		  	 /s/ ZN
	  	
		 	Seller	 		  	Purchaser	  	

 10.2      Purchaser’s
Remedies.    If the sale is not completed as provided in this Agreement solely by reason of any material default of Seller, which remains uncured five (5) Business Days after Purchaser notifies Seller in writing of
such default (except that no such notice and cure period shall be required after more than two (2) such Seller defaults), Purchaser shall be entitled, as its sole and exclusive remedy, to either (i) (a) terminate this Agreement (by

  
 - 18 -

 
delivering notice to Seller which includes a waiver of any right, title or interest of Purchaser in the Property) and (b) if Purchaser so elects, pursue an action at law for recovery of
Purchaser’s actual out-of-pocket third-party costs incurred as part of the transaction contemplated under this Agreement, subject to a cap of $100,000, which action must be commenced, if at all, within the thirty (30) day period following
the occurrence of such material default of Seller (the “Limitation Period”); or (ii) treat this Agreement as being in full force and effect and pursue only the specific performance of this Agreement, provided that
Purchaser must commence any action for specific performance within thirty (30) days after the scheduled Final Closing Date. Purchaser waives any right to pursue any other remedy at law or equity for such default of Seller, including, without
limitation, any right to seek, claim or obtain damages (other than for costs under (i)(b) above), punitive damages or consequential damages. In no case shall Seller ever be liable to Purchaser under any statutory, common law, equitable or
other theory of law, either prior to or following the Closing, for any lost rents, profits, “benefit of the bargain,” business opportunities or any form of consequential damage in connection with any claim, liability, demand or cause of
action in any way or manner relating to the Property, the condition of the Property, this Agreement, or any transaction or matter between the parties contemplated hereunder. Purchaser’s remedies hereunder are in addition to the right to receive
the return of the Deposit, subject to Section 9.4, to the extent it is not applied to the Purchase Price in connection with Purchaser’s action for specific performance. 

ARTICLE XI 
 REPRESENTATIONS AND WARRANTIES 

11.1      Seller’s Warranties and
Representations.    The matters set forth in this Section 11.1 constitute representations and warranties by Seller which are now and (subject to matters contained in any notice given pursuant to the next
succeeding sentence) shall, in all material respects, at the Closing be true and correct. If Seller has actual knowledge that any of the representations and warranties contained in this ARTICLE XI may cease, or have ceased, to be true, Seller shall
give prompt notice to Purchaser (which notice shall include copies of the instrument, correspondence, or document, if any, upon which Seller’s notice is based). As used in this Section 11.1, the phrase “to the extent of
Seller’s actual knowledge” shall mean the actual knowledge of Mario Mirabelli, the asset manager of Advisor responsible for the Property, and Mario Mirabelli, the disposition director of Advisor. Seller hereby represents and warrants to
Purchaser that Mario Mirabelli is the individual affiliated with Seller with the most knowledge regarding the matters represented “to the extent of Seller’s actual knowledge” herein. There shall be no duty imposed or implied to
investigate, inquire, inspect, or audit any such matters, and there shall be no personal liability on the part of such asset manager or disposition director. To the extent Purchaser has or acquires actual knowledge or is deemed to know prior to the
expiration of the Investigation Period that these representations and warranties are inaccurate, untrue or incorrect in any way, such representations and warranties shall be deemed modified to reflect Purchaser’s knowledge or deemed knowledge.
Purchaser shall be deemed to know a representation or warranty is untrue, inaccurate or incorrect only if this Agreement or any files, documents, materials, analyses, studies, tests, or reports disclosed or made available to Purchaser pursuant to
Section 5.1 of this Agreement contains information which is inconsistent with such representation or warranty. 
     11.1.1  No Broker.    Seller has not engaged or dealt with any broker or finder in 

  
 - 19 -

 
connection with the sale contemplated by this Agreement, except HFF Chicago (the “Broker”). Seller shall pay a brokerage commission to the Broker in accordance with a
separate agreement. Seller shall indemnify and hold harmless Purchaser from any claims, costs, damages or liabilities (including attorneys’ fees) arising from any breach of the representation contained in this Section 11.1.1. In
addition, if a claim for commissions or finder’ s fees in connection with this transaction is made by a broker, salesman, or finder other than Broker claiming to have dealt through or on behalf of Seller, Seller shall indemnify, defend and hold
harmless Purchaser from all liabilities, damages, claims, costs, fees and expenses whatsoever (including, but not limited to, reasonable attorneys’ fees and court costs pretrial, at trial and all levels of proceedings, including appeals) within
respect to such claim for brokerage. 

11.1.2  Organization.    Seller has been duly formed, validly
exists and is in good standing in the jurisdiction of its formation and in the state in which the Property is located. 
 11.1.3  Power and Authority.    Seller has the legal power, right and authority to enter into this Agreement and to consummate the transactions contemplated
hereby. 
 11.1.4  Proceedings.  Seller has not received any
written notice of any pending or threatened condemnation or similar proceeding affecting any part of the Property. 
 11.1.5  Contravention.    Seller is not prohibited from consummating the transactions contemplated by this Agreement by any law, regulation, agreement,
instrument, restriction, order or judgment. 
 11.1.6  Leases and Service
Contracts.    The Leases and Service Contracts listed on Exhibit F attached to and made a part of this Agreement comprise all of the leases or other occupancy agreements and material contracts which will affect the
Property on and after the Closing. Seller has delivered or made available to Purchaser all Leases and Service Contracts. 
 11.1.7  Compliance.    Seller has not received written notice from any governmental authority that the Property is not in material compliance with all
applicable laws, rules and regulations except for such failures to comply, if any, which have been remedied. 
 11.1.8  Employees.  Seller has no employees on-site at the Property providing on-site services to the Property and all such services are performed by Seller’s
manager of the Property. 
 11.1.9  Rent Roll/Operating
Statements.  The Rent Roll was prepared for Seller based on information provided by Seller’s property manager and is the Rent Roll used and relied upon by Seller in connection with the operation of the Property. The Operating
Statements were prepared by or for Seller in the ordinary course of its business in the same manner as it prepares or obtains such reports for its other properties and are the Operating Statements used and relied upon by Seller in connection with
its operation of the Property. 

  
 - 20 -

11.1.10            
Litigation.    To Seller’s actual knowledge, there is no material litigation affecting the Property which litigation is not covered by insurance or which would affect Seller’s ability to consummate the
transaction contemplated herein. 

11.1.11            PATRIOT Act.

   (1)        Seller is in compliance with
the requirements of Executive Order No. 133224, 66 Fed. Reg. 49079 (Sept. 25, 2001) (the “Order”) and other similar requirements contained in the rules and regulations of the Office of Foreign Assets Control, Department
of the Treasury (“OFAC”) and in any enabling legislation or other Executive Orders or regulations in respect thereof (the Order and such other rules, regulations, legislation, or orders are collectively called the
“Orders”). Further, Seller covenants and agrees to make its policies, procedures and practices regarding compliance with the Orders, if any, available to Purchaser for its review and inspection during normal business
hours and upon reasonable prior notice. 

  (2)        Neither Seller nor any beneficial owner of
Seller: 
   (a)        is listed on the
Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to the Order and/or on any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any
other applicable Orders (such lists are collectively referred to as the “Lists”); 
   (b)        is a person or entity who has been determined by competent authority to be subject to the prohibitions contained in the Orders; or

   (c)        is owned or controlled by, or
acts for or on behalf of, any person or entity on the Lists or any other person or entity who has been determined by competent authority to be subject to the prohibitions contained in the Orders. 

Notwithstanding anything contained herein to the contrary, for the purposes of this provision, the phrase “any
beneficial owner of Seller” shall not include (x) any holder of a direct or indirect interest in a publicly traded company whose shares are listed and traded on a United States national stock exchange, or (y) any limited partner, unit
holder or shareholder owning an interest of five percent (5%) or less in Seller or in the holder of any direct or indirect interest in Seller. 

11.1.12            Patriot Act
Notice.    Seller hereby covenants and agrees that if Seller obtains knowledge that Seller or any of its beneficial owners becomes listed on the Lists or is indicted, arraigned, or custodially detained on charges
involving money laundering or predicate crimes to money laundering, Seller shall immediately notify Purchaser in writing, and in such event, Purchaser shall have the right to terminate this Agreement without penalty or liability to Seller
immediately upon delivery of written notice thereof to Seller. 

11.1.13            
Options.    Seller has not granted any rights or options to acquire 

  
 - 21 -

 
the Property. 

    11.1.14            
Non-Foreign Person.    Seller is not a foreign person or foreign corporation within the meaning of Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.

    11.1.15            Tax
Abatements.    There are no tax abatements affecting the Property. 

    11.1.16            
Wells.    To Seller’s actual knowledge, there are no wells on the Property within the meaning of Minn. Stat. § 103I. This representation is intended to satisfy the requirements of that statute. 

    11.1.17            
Storage Tanks.    To Seller’s actual knowledge, there are no above- ground or underground storage tanks located in or about the Property and Seller knows of no above-ground or underground storage tanks formerly
on the Property that had a release for which no corrective action was taken. Seller has filed any required affidavits pursuant to Minn. Stat. § 116.48, subd. 6. 

    11.1.18            
Sewage Treatment System Disclosure.    For the purposes of satisfying any applicable requirements of Minn. Stat. § 115.55, Seller discloses that there is no “individual sewage treatment system” (within
the meaning of Minn. Stat. § 115.55) on or serving the Property. 

    11.1.19            
Methamphetamine.    To the best knowledge of Seller, no methamphetamine production has occurred on the Property. This representation is intended to satisfy the requirements of Minn. Stat. § 152.0275, subd. 2(m).

    11.1.20            
Lead Paint Disclosure.    Seller represents that none of the Improvements on the Property were constructed before 1978. 

    11.1.21            
Bankruptcy.    Seller is not bankrupt or insolvent as such terms are defined under federal, state or local law. 
 11.2      Purchaser’s Warranties and Representations.    The matters set forth in this Section 11.2 constitute
representations, warranties and covenants by Purchaser which are now and shall, at the Closing, be true and correct. 
     11.2.1  No Broker.    Except for the Broker, Purchaser has not engaged or dealt with any broker, finder or real estate agent entitled to
a commission or fee in connection with the sale contemplated by this Agreement. Purchaser shall indemnify, defend and hold harmless Seller and Advisor from any claims, costs, damages or liabilities (including attorneys’ fees) arising from any
breach of the representation contained in this Section 11.2.1. In addition, if a claim for fees in connection with this transaction is made by a broker, salesman, or finder other than Broker claiming to have dealt through or on behalf of
Purchaser, Purchaser shall indemnify, defend and hold harmless Seller and Advisor from all liabilities, damages, claims, costs, fees and expenses whatsoever 

  
 - 22 -

 
(including, but not limited to, reasonable attorneys’ fees and court costs pretrial, at trial and all levels of proceedings, including appeals) with respect to such claim for brokerage.

 11.2.2  Power and Authority.    Purchaser has the
legal power, right and authority to enter into this Agreement and to consummate the transactions contemplated hereby, and the performance of this Agreement by Purchaser is not prohibited by or in consistent with any agreement to which Purchaser is a
party or pursuant to which Purchaser exists as a legal entity. Purchaser is not required to obtain any consents or approvals to consummate the transaction contemplated by this Agreement which will not be obtained prior to Closing. 

11.2.3  Valid Existence.    Purchaser is a duly formed,
validly existing limited liability company under the laws of the State of Delaware, and all necessary authorizations and approvals have been obtained authorizing Purchaser to execute this Agreement. This Agreement and the other documents executed in
connection with this Agreement constitute the legal, valid and binding obligations of Purchaser enforceable against Purchaser in accordance with their respective terms. 

11.2.4  Bankruptcy.    Purchaser is not, and after giving
effect to the transactions and the incurrence of all indebtedness and obligations required under this Agreement will not be and will constitute not to be bankrupt or insolvent as such terms are defined under federal, state or local law. 

11.2.5  Independent Investigation.    The consummation of
this transaction shall constitute Purchaser’s acknowledgment that it has independently inspected and investigated the Property and has made and entered into this Agreement based upon such inspection and investigation and its own examination of
the condition of the Property. 
 11.2.6  Purchaser
Reliance.    Purchaser is experienced in and knowledgeable about the ownership and management of real estate, and is a knowledgeable and sophisticated owner and operator of real estate properties, including properties
like the Property, and is a sophisticated real estate investor. Purchaser has previously reviewed and considered the nature of the transaction, and the Investigation Period will enable Purchaser to thoroughly investigate the Property and all aspects
of the transaction. Purchaser has relied and will rely exclusively on the representations of Seller expressly set forth in this Agreement and on its own consultants, advisors, counsel, employees, agents, principals and/or studies, investigations
and/or inspections with respect to the Property, its condition, value and potential. Purchaser agrees that, notwithstanding the fact that it has received certain information from Seller or its agents or consultants, Purchaser has relied solely upon
and will continue to rely solely upon its own analysis and will not rely on any information, oral, written or otherwise, provided by Seller or its agents or consultants, except as expressly set forth in Section 11.1. Purchaser
acknowledges that no employee, agent or representative of Seller of Advisor has been authorized to make, and that it has not relied upon, any statements or representations of Seller or any information provided by Seller other than those specifically
contained in this Agreement. In electing to proceed with this transaction, Purchaser shall have determined that the Property is satisfactory to Purchaser in all respects. Purchaser is purchasing the Property “AS-IS, WHERE IS, WITH ALL
FAULTS”. 

  
 - 23 -

 11.2.7  ERISA.   Purchaser
represents, warrants and covenants that (a) Purchaser is not a party in interest under Section 3(14) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or a disqualified person under
Section 4975(e)(2) of the Internal Revenue Code of 1986, as amended (the “Code”), (b) Purchaser’s acquisition of the Property and consummation of the transactions contemplated by this Agreement shall not
constitute or result in a prohibited transaction under Section 406 of ERISA or Section 4975 of the Code, and (c) it is not using the assets of any (i) “employee benefit plan” (within the meaning of Section 3(3)
ERISA), (ii) “plan” (within the meaning of Section 4975(e)(1) of the Code) or (iii) entity whose underlying assets include “plan assets” by reason of a plan’s investment in such entity, to fund its purchase of
the Property under this Agreement. Further, and notwithstanding the foregoing, Purchaser further represents, warrants and covenants that (a) it is not related to, nor a party in interest (within the meaning of Section 3(14) of ERISA) with
the following entities: AT&T Inc., SBC Master Pension Trust, BlackRock, Inc., or PNC Bank. 

11.2.8  PATRIOT Act. 

   (1)         Purchaser is in compliance with the
requirements of the Orders. Further, Purchaser covenants and agrees to make its policies, procedures and practices regarding compliance with the Orders, if any, available to Seller for its review and inspection during normal business hours
and upon reasonable prior notice. 

   (2)         Neither Purchaser nor any
beneficial owner of Purchaser: 

   (a)         is listed on the Lists; 

   (b)         is a person or entity who has been
determined by competent authority to be subject to the prohibitions contained in the Orders; or 

   (c)         is owned or controlled by, or acts
for or on behalf of, any person or entity on the Lists or any other person or entity who has been determined by competent authority to be subject to the prohibitions contained in the Orders. 

Notwithstanding anything contained herein to the contrary, for the purposes of this provision, the phrase “any
beneficial owner of Purchaser” shall not include (x) any holder of a direct or indirect interest in a publicly traded company whose shares are listed and traded on a United States national stock exchange, or (y) any limited partner,
unit holder or shareholder owning an interest of five percent (5%) or less in Purchaser or in the holder of any direct or indirect interest in Purchaser. 

11.2.9  PATRIOT Act Notice.   Purchaser hereby covenants and agrees
that if Purchaser obtains knowledge that Purchaser or any of its beneficial owners becomes listed on the Lists or is indicted, arraigned, or custodially detained on charges involving money laundering or predicate crimes to money laundering,
Purchaser shall immediately notify Seller in writing, and in such event, Seller shall have the right to terminate this Agreement without penalty or liability to Purchaser immediately upon delivery of written notice thereof to Purchaser. 

  
 - 24 -

 11.3       No Other Warranties and
Representations. Except as specifically set forth in this ARTICLE XI, neither Seller nor Advisor has made, makes or has authorized anyone to make, any warranty or representation as to the Leases, the Service Contracts, any written materials
delivered to Purchaser, the persons preparing such materials, the truth, accuracy or completeness of such materials, the present or future physical condition, development potential, zoning, building or land use law or compliance therewith, the
operation, income generated by, or any other matter or thing affecting or relating to the Property or any matter or thing pertaining to this Agreement. Purchaser expressly acknowledges that no such warranty or representation has been made and that
Purchaser is not relying on any warranty or representation whatsoever other than as is expressly set forth in this ARTICLE XI. Purchaser shall accept the Property “as is” and in its condition on the date of Closing subject only to the
express provisions of this Agreement and hereby acknowledges and agrees that EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT SELLER HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY NEGATES AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES OR GUARANTIES
OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT, FUTURE OR OTHERWISE, OF, AS TO, CONCERNING OR WITH RESPECT TO, THE PROPERTY. 

11.3.1   No Environmental Representations.   Seller makes no
representations or warranties as to whether the Property contains asbestos, radon or any hazardous materials or harmful or toxic substances, or pertaining to the extent, location or nature of same, if any. Further, to the extent that Seller has
provided to Purchaser information from any inspection, engineering or environmental reports concerning asbestos, radon or any hazardous materials or harmful or toxic substances, Seller makes no representations or warranties with respect to the
accuracy or completeness, methodology of preparation or otherwise concerning the contents of such reports. 
 11.3.2   Release of Claims.   Subject to the express provisions of this Agreement, Purchaser acknowledges and agrees that Seller makes no representation or warranty as
to, and Purchaser hereby waives and releases Seller from any present or future claims, at law or in equity, whether known or unknown, foreseeable or otherwise, arising from or relating to, the Property including without limitation the presence or
alleged presence of asbestos, radon or any hazardous materials or harmful or toxic substances in, on, under or about the Property, including without limitation any claims under or on account of (i) the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as the same may have been or may be amended from time to time, and similar state statutes, and any regulations promulgated thereunder, (ii) any other federal, state or local law, ordinance, rule or
regulation, now or hereafter in effect, that deals with or otherwise in any manner relates to, environmental matters of any kind, (iii) this Agreement, or (iv) the common law. Purchaser hereby specifically acknowledges that Purchaser has
carefully reviewed this Section 11.3.2 and has discussed its import with legal counsel and that the provisions of this Section 11.3.2 are a material part of this Agreement. 

11.3.3   AS-IS.   Seller makes and shall make to Purchaser no warranty
regarding the title to the Property except as to any warranties which will be specifically contained in the instruments to be delivered by Seller at Closing in accordance with this Agreement. Except as specifically set forth in this Agreement,
Seller makes and shall make no 

  
 - 25 -

 
representation or warranty either expressed or implied (except as specifically set forth in this Agreement) regarding the condition, operability, safety, fitness for intended purpose, use,
governmental requirements, development potential, utility availability, legal access, impact fees, concurrency, economic feasibility or any other matters whatsoever with respect to the Property. Purchaser specifically acknowledges and agrees that
Seller shall sell and Purchaser shall purchase the Property on an “AS IS, WHERE IS, AND WITH ALL FAULTS” basis and that, except for Seller’s representations and warranties specifically set forth in this Agreement, Purchaser is not
relying on any representations or warranties of any kind whatsoever, express or implied, from Seller, its agents, officers, or employees, as to any matters concerning the Property including, without limitation, any matters relating to (1) the
quality, nature, adequacy, or physical condition of the Property, (2) the quality, nature, adequacy, or physical conditions of soils, fill, geology or any groundwater, (3) the existence, quality, nature, adequacy or physical condition of
utilities serving the Property, (4) the development potential, income potential, or expenses of the Property, (5) the Property’s value, use, habitability or merchantability, (6) the fitness, suitability, or adequacy of the
Property for any particular use or purpose, (7) the zoning or other legal status of the Property or any other public or private restrictions on the use of the Property, (8) the compliance of the Property or its operation with any
applicable codes, laws, rules, regulations, statutes, ordinances, covenants, judgments, orders, directives, decisions, guidelines, conditions, permits, or restrictions of any governmental or quasi-governmental entity or any other person or entity,
including, without limitation, environmental person or entity, including without limitation, environmental laws, (9) the existence or validity of any permit(s) and/or governmental approvals or authorizations relating to the Property and/or
operation of the Property, (10) the presence of Hazardous Materials or any other hazardous or toxic matter on, under, or about the Property or adjoining or neighboring property, (11) the freedom of the Property from latent or apparent
vices or defects, (12) environmental matters of any kind or nature whatsoever relating to the Property, (13) any development order or agreement, or (14) any other matter or matters of any or kind whatsoever relating to the Property.
PURCHASER ACKNOWLEDGES THAT THIS TRANSACTION AND THE ASSIGNMENTS, CONVEYANCES AND TRANSFERS OF PROPERTY BY SELLER TO PURCHASER IS IN ITS “AS-IS, WHERE IS” CONDITION WITHOUT REPRESENTATION OR WARRANTY, ORAL OR WRITTEN, EXPRESS OR IMPLIED
EXCEPT AS SPECIFICALLY PROVIDED IN THIS AGREEMENT. PURCHASER ACKNOWLEDGES THAT IT IS A SOPHISTICATED PURCHASER, INVESTOR AND OWNER OF REAL ESTATE ASSETS AND PURCHASER HAS HAD AN OPPORTUNITY TO FULLY INVESTIGATE THE PROPERTY, THE CONDITION OF THE
PROPERTY AND THE OBLIGATIONS OF SELLER WITH RESPECT TO THE PROPERTY. PURCHASER ACCEPTS THE PROPERTY IN ITS “AS-IS, WHERE IS” CONDITION AND WAIVES AND RELEASES ANY CLAIMS THAT IT HAS OR MAY HAVE IN THE FUTURE AGAINST THE SELLER WITH RESPECT
TO THE PROPERTY PROVIDED, HOWEVER, SUCH WAIVER AND RELEASE DOES NOT APPLY TO (A) CLAIMS BY PURCHASER FOR FRAUD, (B) CLAIMS BY PURCHASER FOR BREACH OF SELLER’S REPRESENTATIONS AND WARRANTIES PROVIDED IN THIS AGREEMENT, OR
(C) CLAIMS UNDER SECTION 7.1 OF THIS AGREEMENT. 

  
 - 26 -

 11.3.4 No Representations Regarding
Documents.   Purchaser acknowledges and agrees that any information which was or is provided to Purchaser by Seller or its agents or contractors is provided solely as an accommodation to Purchaser and may contain errors or
omissions and may be incomplete. Purchaser understands that Purchaser has no right to rely upon any such information and recognizes that Purchaser must determine all facts and circumstances with respect to the Property through its own investigations
and with the advice of Purchaser’s own agents and consultants during the Investigation Period. Purchaser, in entering into this Agreement and in completing the purchase of the Property, is relying solely and entirely on its own investigation of
the Property and based on its extensive experience as a real estate owner and investor. Purchaser will have an opportunity to inspect the Property and documents relating to the Property. Purchaser hereby releases Seller and their agents from any
claims Purchaser might otherwise have based upon any errors or omissions in such materials, unless due to Sellers’ willful act or omission, except as to matters specifically represented or warranted in this Agreement. 

11.4       Purchaser shall have no rights or claims whatsoever against Seller for damages,
rescission of the sale, or reduction or return of the Purchase Price because of any matter not specifically represented or warranted to Purchaser in this Agreement by Sellers, and all such rights and claims are hereby expressly waived by Purchaser.

 11.5       The provisions of Sections 11.1, 11.2 and 11.3 shall survive
Closing. 
 ARTICLE XII 
 CASUALTY AND CONDEMNATION 
 Promptly upon learning
thereof, Seller shall give Purchaser written notice of any condemnation, damage or destruction of the Property or any portions of the Property occurring prior to the Closing. If prior to the Closing all or a material portion of the Property is
condemned, damaged or destroyed by an insured casualty, or if any judicial or administrative proceeding with respect to any taking of all or a material portion of the Property by eminent domain or condemnation is commenced or threatened, Purchaser
shall have the option of either (i) applying the proceeds of any condemnation award or payment under any insurance policies (other than business interruption or rental loss insurance applicable to the period prior to the Final Closing Date)
toward the payment of the Purchase Price to the extent such condemnation awards or insurance payments have been received by Seller, receiving from Seller an amount equal to any applicable deductible under any such insurance policy and receiving an
assignment from Seller of Seller’s right, title and interest in any such awards or payments not theretofore received by Seller, or (ii) terminating this Agreement by delivering written notice of such termination to Seller and Escrow Agent
within ten (10) days after Purchaser has received written notice from Seller of such material condemnation, damage or destruction. If, prior to the Closing, a portion of the Property is condemned, damaged or destroyed and such portion is not a
material portion of the Property, the proceeds of any condemnation award or payment and any applicable deductible under any insurance policies shall be applied toward the payment of the Purchase Price to the extent such condemnation awards or
insurance payments have been received by Seller and Seller shall assign to Purchaser all of Seller’s right, title and interest in any unpaid awards or payments. For purposes of this ARTICLE XII, the term “material portion”

  
 - 27 -

 
shall mean (A) greater than five percent (5%) of the improvements on the Property or an absence of reasonable access to the Property or (B) damage reasonably exceeding $579,000.00
to repair. If the damage or destruction arises out of an uninsured risk, Seller shall elect, by written notice within ten (10) days of the occurrence of such damage or destruction either to terminate this Agreement or to close the transaction
contemplated hereby with a reduction of the Purchase Price equal to the costs of repairing the Property, as reasonably estimated by general contractor or engineer engaged by Seller and reasonably acceptable to Purchaser. 

ARTICLE XIII 
 CONDUCT PRIOR TO CLOSING 

13.1       Conduct.     From and after the Effective
Date, Seller shall operate the Property substantially in the same manner as it did before the Effective Date. 

13.2       Actions Prohibited.     Seller shall not,
without the prior written approval of Purchaser, which approval will not be unreasonably withheld or delayed: 
       13.2.1   make any material alterations or additions to the Property except as (a) in the ordinary course of operating the Property, (b) required for
maintenance and repair, (c) required by any of the Leases or the Service Contracts or (d) required by this Agreement; 
       13.2.2   sell, transfer, encumber or change the status of title of all or any portion of the Property; 

      13.2.3   change or attempt to change, directly or
indirectly, the current zoning of the Real Property in a manner materially adverse to it; 

      13.2.4   cancel, amend or modify, in a manner materially
adverse to the Property, any certificate, approval, license or permit held by Seller with respect to the Property or any part thereof which would be binding upon Purchaser after the Closing; 

      13.2.5   commence or pursue any tax abatement proceedings
with respect to the Property; or 
       13.2.6
  remove any items of Personal Property. 
 13.3      
Modification of Existing Leases and Contracts.     Prior to the expiration of the Investigation Period, Seller may cancel, amend and modify any of the Leases and any of the Service Contracts, provided notice thereof
is given to Purchaser within five (5) Business Days after such action and in any event at least two (2) Business days prior to the expiration of the Investigation Period and further provided that such cancellation, amendment or
modification is on generally prevailing market terms and conditions. After the expiration of the Investigation Period, Seller may not cancel, amend, or modify (a) any Service Contracts that Purchaser has elected to continue pursuant to the
provisions of the immediately following paragraph, in a manner binding upon Purchaser after the Closing without Purchaser’s consent, which consent shall not be unreasonably withheld or delayed, unless such action is required by any of such
Service Contracts, or (b) any Residential Leases, in a manner binding upon Purchaser after the 

  
 - 28 -

 
Closing, unless such action (i) is in the ordinary course of operating the Property, is on generally prevailing market terms and conditions, and Seller gives Purchaser notice thereof within
five (5) Business Days after such action or (ii) is required by any of the Leases and Seller has given Purchaser notice at least three (3) Business Days prior to taking such action. After the expiration of the Investigation Period,
Seller shall not modify, amend or cancel the Commercial Lease without Purchaser’s prior written consent unless such action is required by the Commercial Lease. 

Seller shall terminate at Closing all contracts and agreements (including, without limitation, the Service Contracts)
relating to the management, brokerage, leasing, maintenance services or operation of the Property unless Purchaser elects to continue the same by written notice to Seller given prior to the expiration of the Investigation Period. Notwithstanding the
foregoing to the contrary, the parties agree that Seller shall not be required to terminate any existing agreement unless and until Purchaser pays any termination fees or penalties assessed against Seller in connection with such termination if any.

 13.4         New Leases and
Contracts.     Prior to the expiration of the Investigation Period, Seller may enter into any new residential lease or service contract affecting the Property, or any part thereof, provided notice is given to Purchaser
within five (5) Business Days after such action and in any event at least two (2) Business Days prior to the expiration of the Investigation Period (any such leases or contracts shall be considered a Lease or Service Contract, as
applicable). After the expiration of the Investigation Period, Seller may not enter into any new lease or service contract without Purchaser’s consent, which consent will not be unreasonably withheld or delayed and which consent shall not be
required for any residential leases for a term (with renewals) of one (1) year or less so long as such leases are executed and delivered on Seller’s then standard lease form at then market rates without concessions in the ordinary course
of Seller’s business. Notwithstanding the preceding sentence, after the expiration of the Investigation Period, Seller may enter into any new contracts without Purchaser’s consent if doing so is in the ordinary course of operating the
Property and the contract (i) will not be binding on Purchaser or (ii) is on prevailing market rate terms and conditions and is cancelable on thirty (30) days or less notice without penalty or premium. 

If Seller shall request Purchaser’s approval to any of the foregoing matters, Purchaser shall have five
(5) Business Days from its receipt of such request to give Seller notice of its approval or disapproval of such matter. If Purchaser does not give such notice, such matter shall be deemed approved by Purchaser. 

13.5        Confidentiality.    Seller and
Purchaser shall, prior to the Closing, maintain the confidentiality of the terms of this sale and purchase and shall not, except as required by law or governmental regulation applicable to Seller or Purchaser, disclose the terms of this Agreement or
of such sale and purchase to any third parties whomsoever other than investors or prospective investors in Seller or Purchaser or the principals of Seller’s Broker, Purchaser’s Broker, Escrow Agent, the Title Company and such other persons
whose assistance is required in carrying out the terms of this Agreement; notwithstanding the foregoing, Purchaser shall not, except as may be required by law or governmental regulation and after written notice to Seller, disclose to investors or
prospective investors the name of Seller, Advisor or any of their affiliates without the prior written consent of Seller, which consent may be withheld in Seller’s sole and absolute discretion. Prior to the Closing, Purchaser shall not at any
time issue a press release or otherwise 

  
 - 29 -

 
communicate with media representatives regarding this sale and purchase unless such release or communication has received the prior written approval of Seller. Purchaser agrees that all
documents and information regarding the Property of whatsoever nature made available to it by Seller or Seller’s agents and the results of all tests and studies of the Property (collectively, the “Proprietary
Information”) are confidential and Purchaser shall not disclose any Proprietary Information to any other person except those assisting it with the analysis of the Property, and only after notifying such persons of these confidentiality
restrictions. Notwithstanding the foregoing, Purchaser may disclose Proprietary Information (i) to its directors, officers, legal counsel, accountants, consultants, employees, agents, shareholders, partners, members, prospective investors,
clients, investment advisors, prospective lenders and lenders and only after notifying such persons of the confidential nature of such information and the confidentiality provisions and restrictions in this Agreement, (ii) to the extent
required by law, rule, regulation, subpoena or court order after written notice to Seller and providing Seller with the reasonable opportunity to review the information sought to be disclosed, (iii) to any due diligence representatives and/or
consultants that are engaged by, work for or are acting on behalf of, any securities dealers and/or broker dealers evaluating Purchaser or its permitted assignees and only after notifying such persons of the confidential nature of such information
and the confidentiality provisions and restrictions in this Agreement, (iv) to the extent required in connection with any filings (including any amendment or supplement to any Form S-11 Registration Filing) with governmental agencies (including
the SEC) by any REIT holding an interest (direct or indirect) in Purchaser or in any permitted assignee of Purchaser after written notice to Seller and a copy of such filing is provided to Seller, and (vi) to any broker/dealers in the
REIT’s broker/dealer network and any of the REIT’s investors and only after notifying such persons of the confidential nature of such information and the confidentiality provisions and restrictions in this Agreement. This
Section 13.5 shall survive the termination of this Agreement but not the Closing. In addition to the foregoing, if the Closing occurs, each Purchaser and Seller agree that after the Final Closing Date, neither Purchaser nor Seller will
issue any press release or other communication to the public about this transaction which names the other party to the transaction or Advisor without the other party’s prior written consent. 

13.6        Right to Cure.    If any title
defect or other matter which would entitle Purchaser to terminate this Agreement shall first arise after Purchaser notified Seller of its Title Objections pursuant to Section 5.3.1 and prior to the Closing or if Seller shall have
breached any representation or warranty under this Agreement, Seller may elect, by written notice to Purchaser, to cure such title defect or other matter by causing it to be removed, insured over or bonded to cure such breach and Seller may adjourn
the Closing for up to thirty (30) days to do so. Nothing contained in this Section 13.6 shall require Seller to cure any such title defect or other matter or to initiate litigation or incur any liability or expense to do so.

 ARTICLE XIV 
 NOTICES 
 All notices, demands or other
communications given, required or permitted under this Agreement shall be in writing and shall be (as elected by the person giving such notice) (a) hand-delivered by messenger, (b) sent by nationally recognized overnight courier service,
(c) sent by facsimile or e-mail with a copy by mail, or (d) mailed by certified mail (postage prepaid), return 

  
 - 30 -

 
receipt requested, and addressed to each party at their respective addresses set forth below or to such other addresses as any party may designate by notice complying with the terms of this
ARTICLE XIV. 
 If to Purchaser, to: 

KBS-Legacy Apartment Community REIT Venture, LLC 

c/o Legacy Partners Residential, Inc. 

7525 SE 24th Street, Suite 180 
 Mercer Island, WA 98040 
 Attention:   Kerry Nicholson

 Telephone:  (206) 275-4060 

Facsimile:  (206) 275-4059 

E-mail:  knicholson@legacypartners.com 

with a copy to: 

Schultz & Wright, LLP 
 545 Middlefield Road, #160 
 Menlo Park, CA 94025 

Attention:  Anne Wright, Esq. 

Telephone:  (650) 462-0900 

Facsimile:  (650) 462-0998 

E-mail:  wright@swllp.com 

If to Seller, to: 

c/o BlackRock Realty Advisors, Inc. 

40 East 52nd Street, 8th Floor 
 New York, NY 10022 
 Attention:  Mario Mirabelli

 Telephone:  (212) 810-3948 

Facsimile:  (646) 521-4990 

E-mail:  mario.mirabelli@blackrock.com 

and 
 c/o BlackRock Realty Advisors, Inc. 
 400
Howard Street, 2nd Floor 

San Francisco, CA 94105 
 Attention:  Robert J. Weiss, Esq. 

Telephone:  (415) 670-6206 

Facsimile:  (415) 618-1858 

E-mail:  robert.weiss@blackrock.com 

  
 - 31 -

 with a copy to: 

Berger Singerman 
 350 East Las Olas Boulevard 
 10th Floor 

Fort Lauderdale, FL 33301 
 Attention:  Jeffrey R. Margolis, Esq. 

Telephone:  (954) 712-5176 

Facsimile:  (954) 523-2872 

E-mail:  jmargolis@bergersingerman.com 

If to Escrow Agent, to: 

Stewart Title Guaranty Company 
 1420 5th Avenue, Suite 500 
 Seattle, WA 98101 

Attention:  Kim Azure 
 Telephone:  (206) 770-8876 

Facsimile:  (866) 621-7237 

E-mail:  kim.azure@stewart.com 
 Each such notice, request, or other communication shall be considered given and shall be deemed delivered (a) on the date delivered if by personal delivery or courier service; (b) on the date of
transmission with confirmed transmission report if by facsimile or e-mail if transmitted before 5:00 p.m. on a Business Day, and on the next Business Day if transmitted after 5:00 p.m. or on a non-Business Day with a copy of such notice also sent by
the methods described in (a) or (c); or (c) on the date on which the return receipt is signed or delivery is refused or the notice is designated by the postal authorities as not deliverable, as the case may be, if mailed. Rejection,
refusal to accept, or inability to deliver of which no notice was given shall be deemed to be a receipt of such notice, request, or other communication. The respective attorneys for Seller and Purchaser are hereby authorized to give any notice
pursuant to this Agreement on behalf of their respective clients. Copies of applicable notices shall be given to Escrow Agent and Title Company. 
 ARTICLE XV 
 TRANSFER OF POSSESSION 

15.1         Transfer of
Possession.    Possession of the Property shall be transferred to Purchaser at the time of Closing subject only to the Permitted Encumbrances. 

15.2        Delivery of Documents at
Closing.    At the time of Closing, Seller shall deliver to Purchaser originals or copies of any additional documents, instruments or records in the possession of Seller or its agents which are necessary for the ownership
and operation of the Property. 
 15.3        Delivery of
Post-Closing Records.    Seller agrees, at no cost to Seller, to deliver the following to Purchaser within forty-five (45) days after Closing in connection with 

  
 - 32 -

 
Purchaser’s 3-14 Audit to the extent not previously provided to Purchaser: i) detailed income statement for the Property for 2012 from January 1, 2012 through December 31, 2012 and
for 2013 from January 1, 2013 through the Final Closing Date, ii) trial balance for 2012 from January 1, 2012 through December 31, 2012 and for 2013 from January 1, 2013 through the Final Closing Date, and iii) general ledger for
2012 from January 1, 2012 through December 31, 2012 and for 2013 from January 1, 2013 through the Final Closing Date. The provisions of this Section 15.3 shall survive the Closing and not be merged therein. 

ARTICLE XVI 
 GENERAL PROVISIONS 

16.1        Captions.    Captions and headings
in this Agreement are inserted for convenience of reference only and do not define, describe or limit the scope or the intent of this Agreement or any of the terms hereof. 

16.2        Exhibits.    All exhibits referred
to in this Agreement and attached to this Agreement are incorporated into this Agreement as fully as though set forth herein. 
 16.3        Entire Agreement.     This Agreement constitutes the complete understanding and entire agreement between the parties
relating to the transaction contemplated hereby and all prior or contemporaneous agreements, understandings, representations and statements, oral or written, are merged herein. There are no other agreements, representations or warranties other than
as set forth in this Agreement. No agreement or representation, unless set forth in this Agreement, shall bind any of the parties hereto. 
 16.4        Modification.    No modification, waiver, amendment, discharge or change of this Agreement shall be valid unless the
same is in writing and signed by all parties. 
 16.5        
Attorneys’ Fees.    Should any party hereto employ an attorney for the purpose of enforcing or construing this Agreement, or any judgment based on this Agreement, in any legal proceeding whatsoever, including
insolvency, bankruptcy, arbitration, declaratory relief or other litigation, the prevailing party shall be entitled to receive from the other party or parties thereto reimbursement for all reasonable attorneys’ fees and all costs, whether
incurred at the trial or appellate level, including but not limited to service of process, filing fees, court and court reporter costs, investigative costs, expert witness fees and the cost of any bonds, whether taxable or not, and such
reimbursement shall be included in any judgment, decree or final order issued in that proceeding. The “prevailing party” means the party in whose favor a judgment, decree, or final order is rendered. This provision shall survive Closing,
termination or cancellation of this Agreement. 
 16.6        
Governing Law.    This Agreement shall be construed and enforced in accordance with the laws of the State in which the Property is located. 

16.7        Time of Essence.    Time is of the
essence in the performance of each of the obligations contained in this Agreement and to all dates and time periods set forth in this Agreement. 

  
 - 33 -

 16.8        Survival of
Warranties.    Only those warranties and representations contained in Sections 11.1 and 11.2 and the provisions of Section 11.3 shall survive the Closing, the delivery of the Deed and the payment
of the Purchase Price, provided that (i) such representations and warranties (but not such provisions) shall cease and terminate six (6) months after the date of Closing, except in respect of any representation or warranty as to which
Purchaser or Seller, as the case may be, shall have commenced, on or before such six (6) month anniversary, a legal proceeding based on the breach thereof as of the date of Closing, and then only for so long as such proceeding shall continue
and limited to the breach therein claimed, (ii) Seller shall have no liability to Purchaser with respect thereto unless and until the damages suffered by Purchaser as a result thereof shall equal or exceed $25,000.00 in the aggregate, and
(iii) the maximum total liability for which Seller shall be responsible with respect to all representations and warranties shall not exceed the Maximum Liability Cap in the aggregate. Unless otherwise expressly herein stated to survive, all
other representations, covenants, indemnities, conditions and agreements contained herein shall merge into and be superseded by the various documents executed and delivered at Closing and shall not survive the Closing. Seller shall have no liability
to Purchaser after Closing for any matter disclosed by Seller or learned by Purchaser prior to Closing. 

16.9        Assignment by
Purchaser.    Purchaser may not assign its rights under this Agreement except to an affiliate of Purchaser which is (i) any entity which controls, is controlled by or is under common management control with Purchaser
and/or (ii) an entity that is a REIT (or that is wholly owned directly or indirectly by a REIT) for which Purchaser or an affiliate of Purchaser acts as the investment advisor and/or co-sponsor and/or is a member of the sub-advisor for such
REIT, without Seller’s prior consent, provided, (a) Purchaser delivers to Seller written notice of its intention to do so at least five (5) Business Days prior to Closing, which notice shall include the legal name and structure of the
assignee, as well as any other information that Seller may reasonably request, (b) Purchaser and the proposed assignee shall execute an assignment and assumption of this Agreement in form and substance reasonably satisfactory to Seller, and
(c) in no event shall any assignment of this Agreement release or discharge Purchaser from any liability or obligation hereunder. Notwithstanding the foregoing, under no circumstances shall Purchaser have the right to assign this Agreement to
any person or entity controlled by an employee benefit plan or to an employee benefit plan if Seller’s sale of the Property to such person or entity or plan would create or otherwise cause a “prohibited transaction” under or in
violation of ERISA. If Purchaser assigns this Agreement or causes or permits the transfer of any direct or indirect ownership interest in Purchaser in violation of this Agreement, or if any assignment or transfer of this Agreement or any interest in
Purchaser would make the consummation of the transaction hereunder a “prohibited transaction” under ERISA and necessitate the termination of this Agreement then, notwithstanding any contrary provision which may be contained herein, Seller
shall have the right to terminate this Agreement and retain the Deposit. 

16.10    Severability.    If any term, covenant, condition,
provision or agreement contained in this Agreement is held to be invalid, void or otherwise unenforceable by any court of competent jurisdiction, such term, covenant, condition, provision or agreement shall be given its nearest legal meaning or be
stricken from and construed for all purposes not to constitute a part of this Agreement. The fact that such term, covenant, condition, provision or agreement is invalid, void or otherwise unenforceable shall in no way affect the validity or
enforceability of any other term, covenant, condition, provision or agreement contained in this Agreement, and the 

  
 - 34 -

 
remainder of this Agreement shall remain in full force and effect and shall, for all purposes, constitute the entire agreement. 

16.11    Successors and Assigns.    All terms of this Agreement
shall be binding upon, inure to the benefit of and be enforceable by, the parties hereto and their respective legal representatives, successors and assigns (subject to Section 16.9). 

16.12    Interpretation.    Seller and Purchaser acknowledge that
they have had the benefit of independent counsel with regard to this Agreement and that this Agreement has been prepared as a result of the joint efforts of all parties and their respective counsel and, accordingly, all parties agree that the
provisions of this Agreement shall not be construed or interpreted for or against any party hereto based on authorship. Seller and Purchaser acknowledge each to the other that both they and their counsel have reviewed and revised this Agreement and
that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. 

16.13    Counterparts.    This Agreement may be executed in any
number of counterparts, each of which so executed shall be deemed an original and a complete set of which taken together shall constitute one and the same agreement. The parties agree and intend that a signature delivered by facsimile machine or
electronic transmission (e-mail) shall bind the party so signing with the same effect as though the signature was an original. 
 16.14    Recordation.    Neither this Agreement nor any memorandum of this Agreement may be recorded in any public records and any attempt to do so
shall be of no effect whatsoever. 
 16.15    Limitation on
Liability.    In any action brought to enforce the obligations of Seller under this Agreement other than pursuant to Article VII, or any other document delivered in connection herewith, the judgment or decree shall be
subject to the provisions of Section 16.8 and shall, otherwise in any event, be enforceable against Seller only up to an amount not to exceed Five Hundred Seventy Four Thousand Five Hundred and No/100 Dollars ($574,500.00)
(“Maximum Liability Cap”). In connection with this Agreement, Advisor is acting as the investment adviser to Seller and shall not have any individual liability hereunder. No shareholder, officer, employee or agent of or
consultant to Advisor or of or to Seller shall be held to any personal liability hereunder, and no resort shall be had to their property or assets, or the property or assets of Advisor or of Seller for the satisfaction of any claims hereunder or in
connection with the affairs of Advisor or of Seller. Furthermore, Seller’s liability under this Agreement is explicitly limited to Seller’s interest in the Property, including any proceeds thereof. Purchaser shall have no recourse against
any other property or assets of Seller, any assets of the Advisor, or to any of the past, present or future, direct or indirect, shareholders, partners, members, managers, principals, directors, officers, agents, incorporators, affiliates or
representatives of Seller or the Advisor (collectively, “Seller Parties”) or of any of the assets or property of any of the foregoing for the payment or collection of any amount, judgment, judicial process, arbitral award,
fee or cost or for any other obligation or claim arising out of or based upon this Agreement and requiring the payment of money by Seller. Except as otherwise expressly set forth in this Section 16.15, neither Seller nor any Seller Party
shall be subject to levy, lien, execution, attachment or other enforcement procedure for the satisfaction of any of Purchaser’s rights or remedies under or with respect to this Agreement, at law, in equity or 

  
 - 35 -

 
otherwise. Purchaser shall not seek enforcement of any judgment, award, right or remedy against any property or asset of Seller or any Seller Parties other than Seller’s interest in the
Property or any proceeds thereof. The provisions of this Section 16.15 shall survive the termination of this Agreement.  
 16.16    Possession of Advisor.    As used in this Agreement, the “possession” or “receipt” of a document, notice or similar
writing by Seller shall be deemed to be only the possession, receipt or notice of such document by Advisor. 

16.17    Time Periods.    As used in this Agreement,
“Business Day” shall be deemed to be any day other than a Saturday, Sunday or other legal holiday in the State of Minnesota. Except as otherwise specifically provided in this Agreement, time periods shall be determined based
on calendar days, including Saturdays, Sundays and legal holidays. Whenever any time limit or date provided in this Agreement falls on a Saturday, Sunday or legal holiday under the laws of the State where the Property is located, then the date is
automatically extended to the next day which is not a Saturday or Sunday or legal holiday. 

16.18    Waiver of Jury Trial.    PURCHASER AND SELLER HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION OR JUDICIAL PROCEEDING BASED ON THIS AGREEMENT, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY DOCUMENTS CONTEMPLATED TO BE
EXECUTED IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ANY ACTIONS OF EITHER PARTY ARISING OUT OF OR RELATED IN ANY MANNER WITH THIS AGREEMENT OR THE PROPERTY (INCLUDING
WITHOUT LIMITATION, ANY ACTION TO RESCIND OR CANCEL THIS AGREEMENT OR ANY CLAIMS OR DEFENSES ASSERTING THAT THIS AGREEMENT WAS FRAUDULENTLY INDUCED OR IS OTHERWISE VOID OR VOIDABLE). THIS WAIVER IS A MATERIAL INDUCEMENT FOR THE PARTIES TO ENTER INTO
AND ACCEPT THIS AGREEMENT AND THE DOCUMENTS TO BE DELIVERED BY THEM AT CLOSING, AND SHALL SURVIVE THE CLOSING OR TERMINATION OF THIS AGREEMENT. Each party hereby authorizes and empowers the other to file this Section 16.18 and this
Agreement with the clerk or judge of any court of competent jurisdiction as a written consent to waiver of jury trial. 
 16.19    Waiver. The failure of Purchaser or Seller to enforce any provisions of this Agreement shall not be construed to be a waiver of such or any other provision, nor
in any way to affect the validity of all or any part of this Agreement, or the right of such party thereafter to enforce each and every such provision. No waiver of any breach of this Agreement shall be held to constitute a waiver of any other or
subsequent breach. 
 16.20    Governing Law;
Venue.    This Agreement shall be governed by Minnesota law. Venue for any legal proceeding shall be in Hennepin County, Minnesota. 
 16.21    Effective Date.    The effective date of this Agreement (the “Effective Date”) shall be the date upon which the last
of Seller and Purchaser shall have signed this Agreement or initialed any changes thereto. 

  
 - 36 -

 16.22    Waiver of Written
Disclosures.    Purchaser and Seller agree to waive the written disclosures required under Minn. Stat. §§ 513.52 through 513.60. 

16.23    Notice of Airport Zoning Regulations.    If airport zoning
regulations affect the Property, a copy of these airport zoning regulations as adopted can be viewed or obtained at the office of the county recorder where the zoned area is located. 

16.24    Notice Regarding Predatory Offender
Information.    Information regarding the predatory offender registry and persons registered with the predatory offender registry under Minn. Stat. § 243.166, may be obtained by contacting the local law enforcement
offices in the community where the Property is located, or the Minnesota Department of Corrections at (651) 642-0200, or from the Department of Corrections web site at www.corr.state.mn.us. 

ARTICLE XVII 
 ESCROW AGENT DUTIES AND DISPUTES 

17.1    Other Duties of Escrow Agent.    Escrow Agent shall not be
bound in any way by any other agreement or contract between Seller and Purchaser, whether or not Escrow Agent has knowledge thereof. Escrow Agent’s only duties and responsibilities with respect to the Deposit shall be to hold the Deposit and
other documents delivered to it as agent and to dispose of the Deposit and such documents in accordance with the terms of this Agreement. Without limiting the generality of the foregoing, Escrow Agent shall have no responsibility to protect the
Deposit and shall not be responsible for any failure to demand, collect or enforce any obligation with respect to the Deposit or for any diminution in value of the Deposit from any cause, other than Escrow Agent’s gross negligence or willful
misconduct. Escrow Agent may, at the expense of Seller and Purchaser, consult with counsel and accountants in connection with its duties under this Agreement. Escrow Agent shall not be liable to the parties hereto for any act taken, suffered or
permitted by it in good faith in accordance with the advice of counsel and accountants. Escrow Agent shall not be obligated to take any action hereunder that may, in its reasonable judgment, result in any liability to it unless Escrow Agent shall
have been furnished with reasonable indemnity satisfactory in amount, form and substance to Escrow Agent. 

17.2    Disputes.    Escrow Agent is acting as a stakeholder only
with respect to the Deposit. If there is any dispute as to whether Escrow Agent is obligated to deliver the Deposit or as to whom the Deposit is to be delivered, Escrow Agent shall not make any delivery, but shall hold the Deposit until receipt by
Escrow Agent of an authorization in writing, signed by all the parties having an interest in the dispute, directing the disposition of the Deposit, or, in the absence of authorization, Escrow Agent shall hold the Deposit until the final
determination of the rights of the parties in an appropriate proceeding. Escrow Agent shall have no responsibility to determine the authenticity or validity of any notice, instruction, instrument, document or other item delivered to it, and it shall
be fully protected in acting in accordance with any written notice, direction or instruction given to it under this Agreement and believed by it to be authentic. If written authorization is not given, or proceedings for a determination are not
begun, within thirty (30) days after the date scheduled for the closing of title and diligently continued, Escrow Agent may, but is not required to, bring an appropriate action or proceeding for leave to deposit the Deposit with a court of the
State of Minnesota pending a determination. Escrow Agent shall be reimbursed for all costs and expenses of any action or proceeding, including, 

  
 - 37 -

 
without limitation, attorneys’ fees and disbursements incurred in its capacity as Escrow Agent, by the party determined not to be entitled to the Deposit. Upon making delivery of the Deposit
in the manner provided in this Agreement, Escrow Agent shall have no further liability hereunder. In no event shall Escrow Agent be under any duty to institute, defend or participate in any proceeding that may arise between Seller and Purchaser in
connection with the Deposit. 

17.3        Reports.    Escrow Agent shall be
responsible for the timely filing of any reports or returns required pursuant to the provisions of Section 6045(e) of the Internal Revenue Code of 1986 (and any similar reports or returns required under any state or local laws) in connection
with the closing of the transaction contemplated by this Agreement. 
 IN WITNESS WHEREOF, this Agreement
has been executed as of the date first set forth above. 
  

					
	 SELLER:

	
	 EDEN PRAIRIE WATERTOWER, LLC, a

Delaware limited liability company

		
		 	 By: SBC Master Pension Trust, its Sole Member

		
		 	     By: BlackRock Realty Advisors, Inc., a     Delaware corporation, its
Investment Manager

			
		 	     By:
	 	 /s/ Mario Mirabelli

		 	     Name:
	 	 Mario Mirabelli

		 	     Title:
	 	 Director

		 	     Date:
	 	 11/29/12

	
	 PURCHASER:

	
	 KBS-LEGACY APARTMENT COMMUNITY REIT

VENTURE, LLC, a Delaware limited liability company

		
		 	 By: Legacy Partners Residential Realty LLC, a Delaware limited liability company, its Managing Member

			
		 	 By:
	 	 /s/ Kerry L. Nicholson

		 	 Name:
	 	 Kerry L. Nicholson

		 	 Title:
	 	 Senior Vice President

		 	 Date:
	 	 11.29.12

  
 - 38 -

 CONSENT AND AGREEMENT OF ESCROW AGENT 

The undersigned Escrow Agent hereby agrees to (i) accept the foregoing Agreement, (ii) be escrow agent under
said Agreement, and (iii) be bound by said Agreement in the performance of its duties as escrow agent. 
  

			
	 STEWART TITLE GUARANTY COMPANY

		
	 By:
	 	 /s/ John W. Jones

	 Name:
	 	 John W. Jones

	 Title:
	 	 Vice President

  
 - 39 -

 EXHIBIT A 

Legal Description of Land 
 Parcel 1: 
 Lot 2, Block 1, Eden Prairie
Marketcenter 2nd Addition, Hennepin County, Minnesota.

 Registered Property Certificate of Title No. 1158835 

Parcel 2: 
 All right, title and interest-in and to that certain easement created pursuant to that certain Easement Agreement dated October 13, 1993 and filed of record October 18, 1993 in the office of the
Registrar of Titles of Hennepin County, Minnesota as Document No. 2432486, as amended by that certain Amendment to Easement Agreement filed of record on May 1, 2002 in the office of the Registrar of Titles of Hennepin County, Minnesota as
Document No. 3538022, and further amended by that certain Assumption of Easement Obligations Agreement filed May 1, 2002 in the office of the Registrar of Titles of Hennepin County, Minnesota as Document No. 3538025, and further
amended by that certain Second Amendment to Easement Agreement filed July 22, 2005 in the office of the Registrar of Titles of Hennepin County, Minnesota as Document No. 4139579. 

Parcel 3: 
 All right, title and interest in and to that certain easement created pursuant to that certain Cross Easement Agreement dated October 13, 1993, and filed of record October 18, 1993 in the office
of the Registrar of Titles of Hennepin County, Minnesota as Document No. 2432481. 

 EXHIBIT B 

Personal Property 
 WATERTOWER APARTMENTS 
 PROPERTY INVENTORY 

 

					
	 QUANTITY
	 	 DESCRIPTION
	 	 
	
	Leasing Office
			
	 1
	 	 Keytrak Monitor
	 	 S#70J033700265

	 1
	 	 Keytrak Hardrive
	 	 S#00013222201886

	 1
	 	 Keytrak Keyboard
	 	
	 1
	 	 Keytrak Drawer
	 	
	 1
	 	 Sony Audio/Video Recorder
	 	
	 1
	 	 Bogen Equalizer
	 	
	 1
	 	 Nuvico Video Taper
	 	
	 1
	 	 Coby Monitor
	 	
	 1
	 	 Super Circuits TV
	 	
	 1
	 	 Wooden Table
	 	
	 3
	 	 Green 4 Drawer File Cabinets
	 	
	 1
	 	 Paper Shredder
	 	
	 2
	 	 Wooden Office Desks
	 	
	 1
	 	 Green Office Chair
	 	
	 1
	 	 Dell Monitor
	 	 S#081849-11

	 1
	 	 Microsoft Keyboard
	 	
	 1
	 	 Compaq Mouse
	 	
	 1
	 	 MPC Hardrive
	 	 S#39877540001

	 1
	 	 Wooden L Shaped Desk
	 	
	 1
	 	 Green Office Chair
	 	
	 1
	 	 Dell Monitor
	 	
	 1
	 	 MPC Hardrive
	 	 S#35147920001

	 1
	 	 Cannon Copier
	 	 S#MPG78607

	 1
	 	 4 Shelf Bookcase
	 	
	 1
	 	 Plant
	 	
	
	Assistant Managers Office
			
	 2
	 	 Wooden Desk
	 	
	 2
	 	 Wooden & Print Chairs
	 	
	 1
	 	 Green Office Chair
	 	
	 4
	 	 Pictures
	 	
	 1
	 	 Dell Monitor
	 	 S#CnoX318J7426195E2K35

	 1
	 	 Staples Mouse
	 	
	 1
	 	 HP Keyboard
	 	
	 1
	 	 MPC Hardrive
	 	 S#39877330001

	 1
	 	 Staples Adding Machine
	 	

  
 B-1

					
	Managers Office
			
	 2
	  	 Wooden Desks
	  	
	 2
	  	 Wooden Print Chairs
	  	
	 1
	  	 Black Office Chair
	  	
	 4
	  	 Pictures
	  	
	 1
	  	 Wooden 4 Shelf Bookcase
	  	
	 2
	  	 Plants
	  	
	 1
	  	 Dell Monitor
	  	
	 1
	  	 HP Keyboard
	  	
	 1
	  	 Microsoft Mouse
	  	
	 1
	  	 HP Color LaserJet Printer
	  	 M#3700N

	 1
	  	 MPC Hardrive
	  	 S#39457420001

	 1
	  	 HP Printer
	  	 S#CN886FV45H

	
	Lobby
			
	 1
	  	 Green Couch
	  	
	 2
	  	 Patterned Chairs
	  	
	 1
	  	 Area Rug
	  	
	 2
	  	 Blue Chairs
	  	
	 1
	  	 Oval Wooden/Glass Table
	  	
	 1
	  	 Wooden Round Table
	  	
	 2
	  	 Pictures
	  	
	 2
	  	 Vases
	  	
	 1
	  	 Insignia Flat Screen TV
	  	
	 3
	  	 Plants
	  	
	
	Coffee Room
			
	 1
	  	 Plant
	  	
	 1
	  	 Small Refrigerator
	  	
	
	1st Conference Room
			
	 1
	  	 Wood Table
	  	
	 4
	  	 Blue/Green Chairs
	  	
	 1
	  	 Wood High Table
	  	
	 3
	  	 Pictures
	  	
	 1
	  	 Plant
	  	
	 3
	  	 Knickknacks
	  	
	
	2nd Conference Room
			
	 6
	  	 Green Chairs
	  	
	 1
	  	 Large Wooden Table
	  	
	 1
	  	 Plant
	  	

  
 B-2

					
	Party Room
			
	 1
	  	 Wooden Entertainment Center
	  	
	 1
	  	 Flat Screen TV
	  	
	 Misc.
	  	 Books
	  	
	 1
	  	 Insignia Home Theatre System
	  	
	 1
	  	 Sony DVD Player
	  	
	 Misc.
	  	 Speakers
	  	
	 2
	  	 Blue Chairs
	  	
	 2
	  	 Purple Chairs
	  	
	 6
	  	 Printed Chairs
	  	
	 2
	  	 Round Tables
	  	
	 1
	  	 Green/Blue Couch
	  	
	 1
	  	 Square Wooden Table
	  	
	 2
	  	 Wooden Coffee Tables
	  	
	 2
	  	 White Lamps
	  	
	 9
	  	 High Top Chairs
	  	
	 2
	  	 Plants
	  	
	 2
	  	 High Top Table
	  	
	 2
	  	 Plants
	  	
	 1
	  	 Black & Decker Coffee Pot
	  	
	 1
	  	 GE Stainless Steel Refrigerator
	  	 M#GS5225GRB

		  		  	 S#DG256846

	 1
	  	 GE Stainless Steel Range
	  	 M#JBP69SOA255

		  		  	 S#DG2796170

	 1
	  	 GE Stainless Steel DW
	  	 M#GSD4260J00SS

		  		  	 S#ZF850835B

	 1
	  	 GE Stainless Steel Microwave
	  	 M#JE21605F01

		  		  	 S#ZF901162M

	 1
	  	 Pool Table & Balls
	  	
	 1
	  	 Pool Accessory Shelf, Rack Brush & Sticks
	  	
	 1
	  	 Dart Board
	  	
	 1
	  	 Shuffle Board Table
	  	
	 1
	  	 Dynex TV
	  	 S#DX37L130A11

	 8
	  	 Pictures
	  	
	 1
	  	 Knickknack
	  	
	
	Business Center
			
	 2
	  	 Wooden “L” Shaped Desks
	  	
	 2
	  	 Green Office Chairs
	  	
	 1
	  	 Plant
	  	
	 3
	  	 Pictures
	  	
	 1
	  	 Brother Printer
	  	 S#U61944M9J255117

	 2
	  	 Dell Monitors
	  	
	 2
	  	 Dell Mouse & Keyboards
	  	
	 2
	  	 HP Hardrive (pieces missing)
	  	

  
 B-3

					
	Fitness Center
	 4
	  	 Wooden Chairs
	  	
	 1
	  	 Wooden Table
	  	
	 1
	  	 Life Fitness Curling Bench
	  	
	 1
	  	 Life Fitness Sit-Up Bench
	  	
	 1
	  	 Weight Rack With 19 Weights
	  	
	 1
	  	 Rubber Ball
	  	
	 1
	  	 Life Fitness Glute Machine
	  	
	 1
	  	 Life Fitness Lat/Row Machine
	  	
	 1
	  	 Life Fitness Leg Curl Machine
	  	
	 1
	  	 Life Fitness Multi Press
	  	
	 1
	  	 Life Fitness Leg Press
	  	
	 1
	  	 Life Fitness Ab Machine
	  	
	 1
	  	 Life Fitness Abdominal Machine
	  	
	 1
	  	 Life Fitness Cable Crossover
	  	
	 3
	  	 Life Fitness Elliptical
	  	
	 3
	  	 Life Fitness Treadmills
	  	
	 2
	  	 Life Fitness Cycles
	  	
	 1
	  	 Black Mat
	  	
	 3
	  	 Insignia Flat Screen TV’s
	  	
	
	Spa
			
	 1
	  	 Lockinvar Heater
	  	
	 1
	  	 Triton Sand Filter
	  	
	 2
	  	 Pentair Pumps
	  	
	 1
	  	 Strantrol Chemical Feeder
	  	
	
	Model #2212
			
	 Dining Room
	  		  	
	 1
	  	 Glass Round Table
	  	
	 4
	  	 Wicker Chairs
	  	
	 1
	  	 Wood Table
	  	
	 2
	  	 Place Settings
	  	
	 2
	  	 Plants
	  	
	 3
	  	 Knickknacks
	  	
	 4
	  	 Pictures
	  	
			
	 Kitchen
	  		  	
	 12
	  	 Knickknacks
	  	
	 2
	  	 Plants
	  	
	 1
	  	 Black GE Refrigerator
	  	
	 1
	  	 Black GE Microwave
	  	
	 1
	  	 Black GE Range
	  	
	 1
	  	 Black GE Dishwasher
	  	

  
 B-4

					
	 Living Room
	  		  	
	 1
	  	 Wooden Entertainment Center

	 1
	  	 Insignia Flat Screen TV-no cables

	 Misc.
	  	 Books
	  	
	 6
	  	 Knickknacks
	  	
	 2
	  	 Lamps
	  	
	 1
	  	 Chair
	  	
	 1
	  	 Tan Couch With 2 Pillows
	  	
	 2
	  	 Wooden Square Tables
	  	
	 2
	  	 Window Treatments
	  	
	 1
	  	 Picture
	  	
			
	 Bedroom
	  		  	
	 1
	  	 Queen Size Bed, Comforter, Linens & Pillows

	 2
	  	 2 Drawer End Tables
	  	
	 2
	  	 Lamps
	  	
	 1
	  	 White Chair
	  	
	 1
	  	 Black Shelf
	  	
	 1
	  	 8 Drawer Dresser
	  	
	 2
	  	 Vases
	  	
	 1
	  	 Knickknack
	  	
	 1
	  	 Mirror
	  	
	 3
	  	 Books
	  	
	 1
	  	 Window Treatment
	  	
			
	 Bathroom
	  		  	
	 1
	  	 Plant
	  	
	 Misc.
	  	 Towels
	  	
	 2
	  	 Knickknacks
	  	
	 1
	  	 Shower Curtain
	  	
	
	Building #2 Conference Room
			
	 2
	  	 Green Chairs
	  	
	 1
	  	 Big Wooden Table
	  	
	 1
	  	 Wooden Tall Table
	  	
	 2
	  	 Pictures
	  	
	 1
	  	 Plant
	  	
	
	Building #2 1st Courtyard
			
	 1
	  	 Weber Grill
	  	
	 2
	  	 High Tables
	  	
	 8
	  	 High Back Chairs
	  	
	 4
	  	 Chairs
	  	
	 3
	  	 Lounge Chairs
	  	
	 5
	  	 Trash Receptacles
	  	

  
 B-5

					
	 2
	  	 Small Tables
	  	
	 1
	  	 Hose & Reel
	  	
	
	Building #2 2nd Courtyard
			
	 1
	  	 Weber Grill
	  	
	 2
	  	 High Tables
	  	
	 8
	  	 High Back Chairs
	  	
	 6
	  	 Trash Receptacles
	  	
	 8
	  	 Chairs
	  	
	 6
	  	 Small Tables
	  	
	 5
	  	 Lounge Chairs
	  	
	
	Building #1 Front Courtyard
			
	 4
	  	 Chairs
	  	
	 1
	  	 Round Table
	  	
	 1
	  	 Double Chair
	  	
	 3
	  	 Flower Pots
	  	
	
	Maintenance Shop
			
	 1
	  	 Power Grip
	  	 M#738765

	 1
	  	 Roberts Carpet Stretcher
	  	
	 2
	  	 Pool Test Kits
	  	
	 1
	  	 Flashlight
	  	
	 1
	  	 Speedex Key Machine
	  	 M#3217

	 1
	  	 Eureka Vacuum Cleaner
	  	
	 1
	  	 Vacuum Pump
	  	 S#0406

	 1
	  	 Recovery Machine
	  	 S#08-12027

	 1
	  	 Scooter Carpet Cleaner
	  	 M#081302

	
	Unit Appliances (one (1) of each located within each residential unit)
			
	 228
	  	 Refrigerators
	  	
	 228
	  	 Microwaves
	  	
	 228
	  	 Stoves
	  	
	 228
	  	 Dishwashers
	  	
	 228
	  	 Washing Machines
	  	
	 228
	  	 Dryers
	  	

  
 B-6

 EXHIBIT C 

Assignment and Assumption of Leases, 
 Contracts and Other Property Interests 
 For good
and valuable consideration, the receipt of which is hereby acknowledged, EDEN PRAIRIE WATERTOWER, LLC, a Delaware limited liability company (“Assignor”) hereby irrevocably assigns, transfers and sets over to
                    , a
                     (“Assignee”) all of Assignor’s right, title and interest in and to (i) the lease
agreements (the “Leases”) enumerated on Schedule A attached hereto and made a part hereof, together with tenant security deposits under the Leases, (ii) to the extent assignable, the contracts (the
“Contracts”) enumerated in Schedule B attached hereto and made a part hereof, (iii) to the extent assignable, any governmental permits and approvals (the “Permits and Approvals”)
related to the improvements (the “Improvements”) located on the land (the “Land”) being conveyed by Assignor to Assignee by Deed, dated the date hereof, and (iv) to the extent assignable,
all contract rights (including, without limitation, all existing third-party warranties and guarantees, if any, from any contractor, manufacturer or other person on materials and equipment constituting a part of or used in the operation and
maintenance of the Improvements and/or in connection with the construction or operation of the Improvements or the Land), licenses, permits, plans and specifications, surveys, soils reports, insurance proceeds by reason of damage to the
Improvements, condemnation awards and all other rights, privileges or entitlements necessary to continue the use and operation of the Land and the Improvements. 

Assignee hereby assumes all obligations in connection with the Leases, the Contracts and the Permits and Approvals,
accruing or first becoming due and payable after the date hereof. 
 Assignor hereby reserves the right to
collect and retain delinquent rentals as described on Schedule A. 
 Assignor hereby represents and
warrants only that it has not previously assigned the Leases, the Contracts, the Permits and Approvals, contract rights and other rights assigned hereby. Assignor makes no other representation or warranty in connection with this Assignment and,
except for the foregoing, this Assignment is made without recourse to Assignor except as may be expressly set forth in that certain Sale, Purchase and Escrow Agreement, dated November         , 2012,
between Assignor, Assignee and Stewart Title Guaranty Company (the “Purchase Contract”). 
 All terms of this Assignment shall be binding upon, inure to the benefit of and be enforceable by the parties hereto and their respective legal representatives, successors and assigns. 

No modification, waiver, amendment, discharge or change of this Assignment shall be valid unless the same is in writing
and signed by the party against which the enforcement of such modification, waiver, amendment, discharge or change is or may be sought. 
 This Assignment shall be construed and enforced in accordance with the laws of the State of Minnesota. 

  
 C-1

 In any action brought to enforce the obligations of Assignor under this
Assignment, the judgment or decree shall be subject to Sections 16.8 and 16.15 of that Purchase Contract. 
 This Assignment may be executed in any number of counterparts, each of which so executed shall be deemed an original; such counterparts shall together constitute but one agreement. 

IN WITNESS WHEREOF, Assignor and Assignee have each executed this Assignment of this
     day of         , 20    . 
  

									
	 ASSIGNOR:

	
	 EDEN PRAIRIE WATERTOWER, LLC, a

	 Delaware limited liability company

			
		 		 	 By:  SBC Master Pension Trust, its Sole Member

				
		 		 		 	 By:  BlackRock Realty Advisors, Inc., a

		 		 		 	 Delaware corporation, its Investment Manager

									
					
		 		 		 	 By:
	 	  

									
		 		 		 	 Name:
	 	  

		 		 		 	 Title:
	 	  

 

									
	 ASSIGNEE:

	
	  

	  

				
		 		 	 By:
	 	  

		 		 		 	
 

 

									
		 		 	 By:
	 	
 

 
									
		 		 	 Name:
	 	  

		 		 	 Title:
	 	  

  
 C-2

 SCHEDULE A 

Leases 
 [TO BE ATTACHED PRIOR TO CLOSING] 

  
 C-3

 SCHEDULE B 

Contracts 
 [TO BE ATTACHED PRIOR TO CLOSING] 

  
 C-4

 EXHIBIT D 

Form of Bill of Sale 
 KNOW ALL MEN BY THESE PRESENTS, that EDEN PRAIRIE WATERTOWER, LLC, a Delaware limited liability company (“Seller”), for good and valuable consideration paid by
                    , a
                     (“Purchaser”), hereby sells to Purchaser, its successors and assigns, all of Seller’s right,
title and interest in and to the following: 
 1)        All
improvements and fixtures presently located on the improved real property located in the City of Eden Prairie, Minnesota commonly known as the Watertower Apartments and more particularly described on Exhibit “A” attached
hereto (including all appurtenances thereto, the “Real Property”), including, without limitation, all apparatus, equipment and appliances used in connection with the operation or occupancy of the residential units,
approximately 10065 square feet of commercial space and related amenities, all other buildings and structures presently located on the Real Property, such as heating and air conditioning and mechanical systems and facilities used to provide any
utility or fire safety services, parking services, refrigeration, ventilation, trash disposal, recreation or other services thereto, (collectively, the “Improvements”); 

2)        All furniture, furnishing, equipment, machinery, tools, parts,
recreational equipment, carpeting, window treatments, stationery and other office supplies and all other personal property owned by Seller and located on or used in connection with Seller’s business operations on the Real Property, including,
but not limited to the personal property more particularly described on Exhibit “B” attached hereto (collectively, the “Personal Property”); and 

3)        To the extent such are assignable and if any, at no additional cost or
expense to Seller, all of Seller’s rights, title and interest in and to all utility contracts, licenses, permits and approvals (governmental or otherwise), certificates of occupancy and trade names, intellectual property rights in the software
and content (including without limitation the text, graphics, artwork photographs, floor plans and virtual tours but expressly excluding any content identifying Seller or its affiliates and logos associated therewith) of the website currently
located at www. watertowerapts.com, all warranties, guaranties and any other contract rights, including without limitation, all warranties and guaranties (whether express or implied) from contractors, architects, engineers, design professionals,
manufacturers, material and labor suppliers and any other parties involved in the design or construction of the Real Property or the Improvements, and all surveys, blue prints, drawings, plans and specifications and other documentation for or in
connection with or primarily related to the Real Property or the Improvements (collectively, the “Intangible Property”). Seller expressly makes no representation or warranty with respect to any right, title or interest it may
have regarding the right to use the name of the Real Property (including “Watertower”) and associated trademarks, trade names, logos, trade colors, and service marks. The Improvements, the Personal Property and the Intangible Property are
collectively referred to herein as the “Assets”. 

  
 D-1

 TO HAVE AND TO HOLD the same unto Purchaser, its successors and assigns to
and for its own use and behalf forever. 
 Purchaser agrees to pay all sales taxes payable by reason of the
transfer to Purchaser of said Assets. 
 This Bill of Sale shall be without representation or warranty by, and
without recourse to, Seller except as may be expressly set forth in that certain Sale, Purchase and Escrow Agreement dated November     , 2012 by and among Seller, Purchaser and Stewart Title Guaranty Company. 

This Bill of Sale may be executed in any number of counterparts, each of which so executed shall be deemed an original;
such counterparts shall together constitute but one agreement. 
 IN WITNESS WHEREOF, Seller and
Purchaser have caused these presents to be signed by their duly authorized officers as of this              day of
             , 20     . 
  

													
	 SELLER
	 		 	 PURCHASER

			
	 EDEN PRAIRIE WATERTOWER, LLC, a
	 		 	  

	 Delaware limited liability company
	 		 	
 

													
				
	 By:  SBC Master Pension Trust, its Sole
	 		 	By:	 	  

													
	 Member
	 		 	  

		 		 	
 

													
			
	 By:  BlackRock Realty Advisors, Inc., a

Delaware corporation, its Investment Manager
	 		 	

													
						
		 	 By:
	 	  
	 		 	 By:
	 	  

													
		 	 Name:
	 	  
	 		 	 Name:
	 	  

													
		 	 Title:
	 	  
	 		 	 Title:
	 	  

  
 D-2

 SCHEDULE A 

Real Property 
 Parcel 1: 
 Lot 2, Block 1, Eden Prairie
Marketcenter 2nd Addition, Hennepin County, Minnesota.

 Registered Property Certificate of Title No. 1158835 

Parcel 2: 
 All right, title and interest-in and to that certain easement created pursuant to that certain Easement Agreement dated October 13, 1993 and filed of record October 18, 1993 in the office of the
Registrar of Titles of Hennepin County, Minnesota as Document No. 2432486, as amended by that certain Amendment to Easement Agreement filed of record on May 1, 2002 in the office of the Registrar of Titles of Hennepin County, Minnesota as
Document No. 3538022, and further amended by that certain Assumption of Easement Obligations Agreement filed May 1, 2002 in the office of the Registrar of Titles of Hennepin County, Minnesota as Document No. 3538025, and further
amended by that certain Second Amendment to Easement Agreement filed July 22, 2005 in the office of the Registrar of Titles of Hennepin County, Minnesota as Document No. 4139579. 

Parcel 3: 
 All right, title and interest in and to that certain easement created pursuant to that certain Cross Easement Agreement dated October 13, 1993, and filed of record October 18, 1993 in the office
of the Registrar of Titles of Hennepin County, Minnesota as Document No. 2432481. 

  
 D-3

 SCHEDULE B 

Personal Property 
 [TO BE ATTACHED PRIOR TO CLOSING] 

  
 D-4

 EXHIBIT E 

Leases 

  
 E-1

 EXHIBIT F 

Service Contracts 
  

					
	WATERTOWER SERVICE CONTRACTS
	
    
	 	 	 	 
	 Description
	 	 Vendor
	 	 
	
    
	 	 	 	 
	 Marketing-Online only
	 	 Apartment Guide
	 	 LPC contract / not assumable / ends with last day of mgmt / no termination
fees

	
Marketing

marketsurveytools.com
	 	 Spherexx
	 	 LPC contract / not assumable / ends with last day of mgmt / no termination
fees

	 Marketing-Online referral fees
	 	 Rent.com
	 	 LPC contract / not assumable / requires 30 notice

	 Marketing- Online only
	 	 Apartments.com
	 	 LPC contract / not assumable / requires 30 notice

	 Marketing-Online only
	 	 Network

Communication Inc.-apartmentfinder.com
	 	 Expired on 7/31/12, requires 30 day notice

	 Marketing-Online only
	 	 Network

Communication Inc.-Community Sherpa.com
	 	 Expired on 8/31/13, requires 30 day notice

	
Marketing-Lead Tracking

Solutions (Popcard)
	 	 Yardi-Lead Tracking

Solutions
	 	 LPC contract / not assumable / ends with last day of mgmt / no termination
fees

	
Marketing-Keurig Coffee and

Office Cooler
	 	 Premium Water
	 	 Can cancel with a 30- day advance notice

	 Marketing-Online Video
	 	 Video Solutions Worx- Capture The Market
	 	 LPC contract / not assumable / requires 30 notice

	 Marketing-Office Scent
	 	 ScentAir
	 	 LPC contract / not assumable / requires 30 notice

	 Marketing-Through Lincolnapts.com
	 	 Watertowerapts.com
	 	 LPC contract / not assumable / ends with last day of mgmt / no termination
fees

	 Administration-Lease Clicks
	 	 Blue Moon
	 	 LPC contract / not assumable / ends with last day of mgmt / no termination
fees

	 Administration-Pricing Management
	 	 Rainmaker-LRO
	 	 LPC contract / not assumable / ends with last day of mgmt / no termination
fees

	 Administration-Shop Reports
	 	 Ellis Property

Management
	 	 LPC contract / not assumable / ends with last day of mgmt / no termination
fees

	 Administration-Office/Maintenance
Phones
	 	 Sprint/Nextel
	 	 (no written contract) current commitment thru 6/2013 :: break fee as of 10/31 is
only $240 for all 3 lines

	 Administration-Office/After Hours Answering
Service
	 	 Tel Assist
	 	 can cancel at any time with no advance notice

	
Administration-Office/On hold

music
	 	 Audio Images
	 	 (no written contract) can cancel at any time with 30-day advance
notice

	 Landscape
	 	 S&T Landscape

Services
	 	Snow Removal currently in effect
	 Snow Removal
	 	 S&T Landscape

Services
	 	 Can cancel any time with a 30-day advance notice

	 Fire Alarm and Sprinkler Testing and
Inspection
	 	 SimplexGrinnell LP
	 	 Can cancel with a 30- day advance notice

	 Fire Alarm Monitoring
	 	 SimplexGrinnell
	 	 Can cancel with a 30- day advance notice

  
 F-1

					
	WATERTOWER SERVICE CONTRACTS
	     
	 	 	  	 
	 Description
	 	 Vendor
	  	 
	
    
	 	 	  	 
	 Key Mgmt System
	 	 KeyTrak, Inc.
	  	 Can cancel with a 45- day advance notice, possible buy-out
options

	 Phone/Internet
	 	 Integra Telecom
	  	 Would need to buy out of agreement

	 CenturyLink
	 	 Century Link-Internet

for Business Center
	  	 (no written contract) current commitment $137.41/month thru 8/2014 :: flat $300
to terminate at any time

	 Pest Control
	 	 Accurate Pest Control, Inc.
	  	 Can cancel any time with a 30-day advance notice

	 Elevator Maint.
	 	 ThyssenKrupp Elevator Corporation
	  	 90-day notice required or will auto renew for 5 years

	 Collection services
	 	 Rent Recover, LLC
	  	 Can cancel any time with a 30-day advance notice

	 Copier lease agreement
	 	 Canon Financial

Services, Inc.
	  	 Would need to buy out of agreement $6,535 and then own the machine, 15 months
into a 60 month lease

	
Copier maintenance agreement
	 	 Canon Business

Solutions, Inc.
	  	 Can cancel service with a 30-day notice

	 Waste services/Recycling
	 	 Allied Waste - Republic Services
	  	 60- day notice prior to contract end date, possible buy-out
options

	
Security Alarm Monitoring
	 	 Integrated Fire &

Security, Inc.
	  	 Can cancel with a 30- day advance notice

	
Fitness Equip Maint Agreement
	 	 Push Pedal Pull
	  	 Can cancel with a 30- day advance notice

  
 F-2

 EXHIBIT G 

Form of Notice to Tenants 
                     , 20     

 

                      
                                       

                      
                                       

                      
                                       

 

	 Re:
	 Watertower Apartments 

	  
	 Eden Prairie, Minnesota 

 Dear Tenant: 
 Please be advised that effective
            , 20    , EDEN PRAIRIE WATERTOWER, LLC has sold the above-referenced property to
                    , a
                     (“Purchaser”. Purchaser has assumed all of the obligations of landlord under your lease of the property
accruing after the date of this Letter. Your security deposit has been transferred to such entity and such entity is responsible after the date of this Letter for holding the same in accordance with the terms of your lease. You are hereby notified
and directed that all future rental or other payments and notices and demands pursuant to or under all lease agreements, rental agreements or other payments should be sent to the following address: 

 

                      
                                       

                      
                                       

                      
                                       

Any questions regarding maintenance and management of the property should be addressed to: 

 

                      
                                       

                      
                                       

                      
                                       

 
  

					
	 Very truly yours,

	
	 EDEN PRAIRIE WATERTOWER, LLC, a

	 Delaware limited liability company

		
	 By:
	 	   SBC Master Pension Trust, its Sole Member

		
	 By:
	 	   BlackRock Realty Advisors, Inc., a Delaware

	 corporation, its Investment Manager

 
					
			
		 	   By:
	 	  

					
		 	   Name:
	 	  

					
		 	   Title:
	 	  

  
 G-1

 EXHIBIT H 

FIRPTA Affidavit 
 Transferor’s Certification of Non-Foreign Status 
 Section 1445 of the Internal Revenue Code of 1986, as amended (the “Code”) provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a
foreign person. For U.S. tax purposes (including section 1445), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law) will be the transferor of the property and not the disregarded entity. SBC
Master Pension Trust (“Transferor”) is the ultimate owner of a disregarded entity, EDEN PRAIRIE WATERTOWER, LLC, a Delaware limited liability company (the “Company”), which is selling its fee simple
title in and to that certain real property known as Watertower Apartments and located in Eden Prairie, Minnesota (the “Property’) to
                    , a
                     (“Transferee”). To inform Transferee that withholding of tax is not required upon the disposition
of Transferor’s interest in the Property to Transferee, the undersigned hereby certifies the following on behalf of Transferor: 
 1.        Transferor is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Code and the Income Tax
Regulations promulgated thereunder); 

2.        Transferor is not a disregarded entity as defined in
§1.1445-2(b)(2)(iii); 

3.        Transferor’s U.S. employer identification number
is                     ;and 

4.        Transferor’s office address
is c/o BlackRock Realty Advisors, Inc., 40 East 52nd
Street, New York, New York 10022, Attention: Jeremy Litt, Esq. 
 Transferor understands that this Certification
may be disclosed to the Internal Revenue Service by Transferee and that any false statement contained herein could be punished by fine, imprisonment, or both. 
 Under penalty of perjury I declare that I have examined this Certification and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign
this document on behalf of Transferor. 

Dated:              , 20    

  

			
	 SBC MASTER PENSION TRUST

		
	 By:
	 	  

			
	 Name:
	 	  

	 Title:
	 	  

  
 II-1

 EXHIBIT I 

Form of Deed 
  

 
 [Space Above this Line for Recording Office Use Only] 

 
 LIMITED WARRANTY DEED

 DEED TAX
DUE:  $                     
 Date:            , 20     
 FOR VALUABLE CONSIDERATION, EDEN PRAIRIE WATERTOWER, LLC, a limited liability company under the laws of Delaware, Grantor, hereby conveys and quit claims to
                    , a
                     under the laws of the State of
                    , Grantee, real property in Hennepin County, Minnesota, described as follows: See attached Exhibit “A”
together with all hereditaments and appurtenances. This deed conveys after-acquired title. Grantor warrants that Grantor has not done or suffered anything to encumber the property EXCEPT:
                    . 
 Subject to the Permitted Encumbrances attached as Exhibit B. 

Check box if applicable: 

	   x
	 The Grantor certifies that the Grantor does not know of any wells on the described real property. 

	    ̈
	 A well disclosure certificate accompanies this document. 

	    ̈
	 I am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have
not changed since the last previously filed well disclosure certificate. 

  
 I-1

			
		  	 EDEN PRAIRIE WATERTOWER, LLC, a

		  	 Delaware limited liability company

	 Affix Deed Tax Stamp Here
	  	
		  	 By:   SBC Master Pension Trust, its Sole

		  	 Member

		
		  	 By:   BlackRock Realty Advisors, Inc., a

		  	 Delaware corporation, its Investment Manager

			
		
		  	 By:
                                         
                       

		  	   Name:
                                         
           

		  	   Title:
                                         
             

  

			
	 STATE OF
                             
	 	 )

		 	 ) ss.

	
COUNTY OF                           
  
	 	 )

 The foregoing document was acknowledged before me this     
day of         , 20    , by                     , the
                     of BlackRock Realty Advisors, Inc., the Investment Manager of SBC Master Pension Trust, the Sole Member of Eden Prairie
Watertower, LLC, a Delaware limited liability company, on behalf of the limited liability company. 
 IN WITNESS
WHEREOF, I hereunto set my hand and official seal. 
  

			
	 NOTARY STAMP OR SEAL (OR
 OTHER TITLE OR RANK)
	  	
                             
                                         
          

	 	  	         SIGNATURE OF NOTARY PUBLIC

	 	  	 My commission

	 	  	
expires:                           
                             

	 	
	 	  	 Check here if part or all of the land is

Registered (Torrens)  ̈

	 	  	
		  	
	 THIS INSTRUMENT WAS DRAFTED BY
 (NAME AND ADDRESS):
	  	 Tax Statements for the real property
 described in this instrument should be
 sent to (include name and address
of
 Grantee):

	 	  	
                             
                                       

	 	  	 620 Newport Center Drive, Suite 1300

	 	  	 Newport Beach, CA 92660

  
 I-2

 EXHIBIT A 
 TO 
 DEED 
 Legal Description 
 Parcel 1: 

Lot 2, Block 1, Eden Prairie Marketcenter 2nd Addition, Hennepin County, Minnesota. 
 Registered Property Certificate of Title No. 1158835 
 Parcel
2: 
 All right, title and interest-in and to that certain easement created pursuant to that certain Easement Agreement
dated October 13, 1993 and filed of record October 18, 1993 in the office of the Registrar of Titles of Hennepin County, Minnesota as Document No. 2432486, as amended by that certain Amendment to Easement Agreement filed of record on
May 1, 2002 in the office of the Registrar of Titles of Hennepin County, Minnesota as Document No. 3538022, and further amended by that certain Assumption of Easement Obligations Agreement filed May 1, 2002 in the office of the
Registrar of Titles of Hennepin County, Minnesota as Document No. 3538025, and further amended by that certain Second Amendment to Easement Agreement filed July 22, 2005 in the office of the Registrar of Titles of Hennepin County,
Minnesota as Document No. 4139579. 
 Parcel 3: 

All right, title and interest in and to that certain easement created pursuant to that certain Cross Easement Agreement dated
October 13, 1993, and filed of record October 18, 1993 in the office of the Registrar of Titles of Hennepin County, Minnesota as Document No. 2432481. 

  
 I-3

 EXHIBIT B 
 TO 
 DEED 
 Permitted Encumbrances 

  
 I-4

 EXHIBIT J 

Form of Title Affidavit 
 AFFIANT’S NO LIEN, POSSESSION AND GAP AFFIDAVIT 

BEFORE ME, the undersigned authority personally appeared
                             as
                             of EDEN PRAIRIE WATERTOWER, LLC, a Delaware limited liability company
(“Affiant”), who upon being duly cautioned and sworn, deposes and states as follows: 

1.        Eden Prairie Watertower, LLC, a Delaware limited liability company, is
the owner in fee simple of those premises legally described in Schedule A, attached hereto and incorporated herein by this reference (the “Property”). 

2.        This Affidavit is given so that title to the Property may be insured
without any exceptions for the title search “gap,” construction liens or possession. 

3.        Within the past ninety (90) days there have been no improvements,
alterations or repairs to the Property for which the costs thereof remain unpaid, and within the past ninety (90) days there have been no claims for labor, services or material furnished for repairing or improving the Property that remain
unpaid. 

4.                   
                              has made no additional improvements to the Property and has received no
notice of (proposed) back assessments from Appraiser’s Office or bill for back assessments from Tax Collector since the issuance of the last tax bill. 
 5.                                 
                has not executed any contracts for sale affecting the Property which are currently effective except for the Sale, Purchase and Escrow Agreement dated
November     , 20     by and among Eden Prairie Watertower, LLC, KBS-Legacy Apartment Community REIT Venture, LLC, and Stewart Title Guaranty Company. 

6.        There are no judgments, claims, disputes, demands or other matters
pending against Seller that would attach to the Property. 

7.        There are no matters pending against
                     in any state or Federal court or other governmental body of which Affiant is a party including, but not limited to,
proceedings in bankruptcy, receivership or insolvency, which could give rise to a lien that would attach to the Property or would adversely affect the title to the Property or
                     ability to close on the sale of the Property between
                     at          a.m., the date of the title commitment and the recording of
the deed to be insured, and that Affiant has not executed and will not execute any instrument that would adversely affect the title or interest to be insured. 
 8.        This affidavit is made (i) for the purpose of inducing Stewart Title Guaranty Company to issue an Owner’s Title Insurance Policy in connection
with this transaction and to disburse funds in reliance on the title commitment and (ii) made under penalties of perjury. 

  
 J-1

 FURTHER AFFIANT SAYETH NAUGHT. 

 

					
		 	  
	  	
		 	
as                             
                                         
               of Eden
	  	
		 	 Prairie Watertower, LLC., a Delaware limited

liability company
	  	

  

					
	
STATE OF                           
                                        
                                         
        
	  	     )
	 	
		  	     )
	 	   SS.:

	
COUNTY OF                           
                                         
                                         
  
	  	     )
	 	

 The foregoing instrument was acknowledged before me this
             day of                     ,
20    , by                     , as
                                        
of Eden Prairie Watertower, LLC, a Delaware limited liability company, who is personally known to me or produced
                                         
                    as identification. 
  

					
	 My commission expires:
	 	  
	  	
		 	 NOTARY PUBLIC, State
of                     
	  	
		 	 Print name:
                            
	  	

  
 J-2

 EXHIBIT K 

Form of Estoppel Certificate 
 TENANT:          Wadsworth Old Chicago, Inc., a Colorado corporation 
 DATE OF LEASE:        June 10, 2003 

	 AMENDED:
	 October 29, 2003 

	 PREMISES:
	 first floor retail containing approximately 7,500 square feet, a patio, a 200 square foot trash area, and a 16’ by 5’ area in the trash
room of Building 1 (the “Premises”) located at the Watertower Project (the “Property”) at 12300 Singletree Lane, Eden Prairie, Hennepin County, Minnesota 55344 

To: KBS-Legacy Apartment Community REIT Venture, LLC, its successors and assigns 

The undersigned hereby certifies as follows: 

1.          The undersigned is the “Tenant” under the
above-referenced Lease (“Lease”) covering the above-referenced Premises. A true and correct copy of the Lease and any amendments thereto are attached hereto as Exhibit A. 

2.          The Lease constitutes the entire agreement between landlord
under the Lease (“Landlord”) and Tenant with respect to the Premises and the Lease has not been modified or amended in any respect except as set forth above. 

3.          The term of the Lease commenced on February 12, 2004,
and, including any presently exercised option or renewal term, will expire on February 11, 2014. Tenant has accepted possession of the Premises and is the actual occupant in possession and has not sublet or assigned its leasehold interest
except                             . All improvements to be constructed on the Premises by Landlord
have been completed and accepted by Tenant and any tenant improvement allowances have been paid in full. 

4.          As of this date, there exists no default, nor state of
facts which, with notice, the passage of time, or both, would result in a default on the part of either Tenant or Landlord. 
 5.          Subject to any escalation set forth in the Lease, Tenant is currently obligated to pay base annual rent in the amount of
$        /year. Tenant must also pay $100.00/month in rent for the 16’ by 5’ area in the trash room of Building 1 and $2,312.04/month in additional rent for the entire initial term of the
Lease pursuant to an agreement to increase Tenant’s Improvement Allowance by $175,000. In addition to the foregoing rent, Tenant must pay percentage rent equal to 5% of Gross Receipts in each Lease Year over the annual Breakpoint amounts set
forth in Section F of the Schedule of Basic Terms in the Lease. No other rent has been paid in advance and Tenant currently has no claim or defense against Landlord under the Lease and is asserting no offsets or credits against either the rent or
Landlord. As of this date, Tenant has no claim against Landlord for any security or other deposits except $         which was paid pursuant to the Lease. 

  
 K-1

 6.          Tenant has no
option or preferential right to lease or occupy additional space within the Property of which the Premises are a part except             . Tenant has no option or preferential right
to purchase all or any part of the Premises. Tenant has no right to renew or extend the terms of the Lease except for four (4) five (5) year options to extend the Lease. 

7.          Tenant has made no agreements with Landlord or its agent or
employees concerning free rent, partial rent, rebate of rental payments or any other type of rental or other concession except as expressly set forth in the Lease. 

8.          There has not been filed by or against Tenant a petition in
bankruptcy, voluntary or otherwise, any assignment for the benefit of creditors, any petition seeking reorganization or arrangement under the bankruptcy laws of the United States, or any state thereof, or any other action brought under said
bankruptcy laws with respect to Tenant. 
     This Estoppel Certificate is made to
KBS-Legacy Apartment Community REIT Venture, LLC (“Purchaser”) in connection with the prospective purchase by Purchaser or its assignee of the Property of which the Premises are a part. This Estoppel Certificate may be relied
on by Purchaser and any other party who acquires an interest in the Property of which the Premises are a part in connection with such purchase. 
     Dated this      day of         , 20    . 

 

	
	 WADSWORTH OLD CHICAGO, INC., a

	 Colorado corporation

	
	
By:                             
                                        
                          

	
Name:                            
                                         
                     

	
Title:                            
                                         
                       

	
	 RB Capital, Inc., a Colorado corporation,

	 Guarantor

	
	
By:                             
                                         
                          

	
Name:                            
                                         
                     

	
Title:                            
                                         
                       

  
 K-2

  
 Rent Roll with Lease
Charges 
 As of: 11/29/2012 
 Page 1 
  

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 100
	  	r-retail	  	 	0	  	  	t0343012	  	 Wadsworth Old Chicago, Inc
	  	 	15,093.75	  	  	 storage

rent
 storage sromark
	  	 
 
 
 	100.00
        16,603.17
30.00
2,312.04	  
  
  
  	  	 	0.00	  	  	 	0.00	  	  	2/12/2004	  	2/11/2014	  		  	 	48.47	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	19,045.21	  	  				  				  		  		  		  			
	 1101
	  	staring	  	 	1,198	  	  	t0342573	  	 John McMunn
	  	 	1,520.00	  	  	 park

storage
 rent
	  	 
  
 
	50.00
 50.00
1,616.00
	  
   
  
	  	 	500.00	  	  	 	0.00	  	  	11/20/2009	  	6/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,716.00	  	  				  				  		  		  		  			
	 1102
	  	isles	  	 	813	  	  	t0351462	  	 Scott Doble
	  	 	1,387.00	  	  	 rent

storage
	  	 
 	1,159.00
40.00	  
  	  	 	0.00	  	  	 	0.00	  	  	1/6/2012	  	3/5/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,199.00	  	  				  				  		  		  		  			
	 1201
	  	staring	  	 	1,198	  	  	t0357313	  	 Steven Crouse
	  	 	1,520.00	  	  	 rent
	  	 	1,725.00	  	  	 	500.00	  	  	 	0.00	  	  	8/25/2012	  	1/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,725.00	  	  				  				  		  		  		  			
	 1202
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,337.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 1203
	  	staring	  	 	1,198	  	  	t0351474	  	 Temporary VIP Suites Corporate
	  	 	1,470.00	  	  	 rent
	  	 	1,299.00	  	  	 	0.00	  	  	 	0.00	  	  	12/29/2011	  	12/28/2012	  	12/28/2012	  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,299.00	  	  				  				  		  		  		  			
	 1204
	  	staring	  	 	1,455	  	  	t0359812	  	 Amelia Merz
	  	 	1,605.00	  	  	 rent
	  	 	1,560.00	  	  	 	0.00	  	  	 	0.00	  	  	11/21/2012	  	10/20/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,560.00	  	  				  				  		  		  		  			
	 1205
	  	calhoun	  	 	726	  	  	t0358321	  	 Sean Battams
	  	 	1,137.00	  	  	 rent
	  	 	1,161.00	  	  	 	500.00	  	  	 	0.00	  	  	8/10/2012	  	5/9/2013	  		  	 	-2.30	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,161.00	  	  				  				  		  		  		  			
	 1206
	  	calhoun	  	 	726	  	  	t0353770	  	 Alejandro Ruiz
	  	 	1,177.00	  	  	 rent
	  	 	995.00	  	  	 	0.00	  	  	 	0.00	  	  	2/22/2012	  	2/21/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	995.00	  	  				  				  		  		  		  			
	 1207
	  	 loring
	  	 	980	  	  	t0353790	  	 Rochelle Hanson
	  	 	1,302.00	  	  	 rent

park
 park
	  	 
 
  
	1,120.00
50.00
 -50.00
	  
  
   
	  	 	500.00	  	  	 	0.00	  	  	4/20/2012	  	4/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,120.00	  	  				  				  		  		  		  			
	 1208
	  	calhoun	  	 	726	  	  	t0341702	  	 Kenneth Morgan
	  	 	1,152.00	  	  	 rent
	  	 	1,048.00	  	  	 	300.00	  	  	 	0.00	  	  	12/1/2004	  	4/15/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,048.00	  	  				  				  		  		  		  			
	 1209
	  	loring	  	 	980	  	  	t0342757	  	 Sreenivasulu Gutta
	  	 	1,337.00	  	  	 storage storage

rent
	  	 
  
 
	50.00
 -25.00
1,249.00
	  
   
  
	  	 	99.00	  	  	 	0.00	  	  	12/26/2010	  	3/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,274.00	  	  				  				  		  		  		  			

  
 Page 2 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 1210
	  	isles	  	 	813	  	  	t0342823	  	 Valerie Mason
	  	 	1,252.00	  	  	 rent
	  	 	1,283.00	  	  	 	300.00	  	  	 	0.00	  	  	10/7/2010	  	8/27/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,283.00	  	  				  				  		  		  		  			
	 1211
	  	calhoun	  	 	726	  	  	t0341705	  	 William VanArsdale
	  	 	1,187.00	  	  	 rent
	  	 	1,100.00	  	  	 	300.00	  	  	 	0.00	  	  	7/1/2004	  	7/29/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,100.00	  	  				  				  		  		  		  			
	 1212
	  	harriett	  	 	788	  	  	t0342421	  	 Jean Sabatier
	  	 	1,152.00	  	  	 rent
	  	 	1,286.00	  	  	 	99.00	  	  	 	0.00	  	  	12/1/2008	  	1/28/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,286.00	  	  				  				  		  		  		  			
	 1213
	  	harriett	  	 	788	  	  	t0341707	  	 Marriott Execustay
	  	 	1,187.00	  	  	 rent
	  	 	          1,045.00	  	  	 	0.00	  	  	 	0.00	  	  	10/8/2004	  	4/22/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,045.00	  	  				  				  		  		  		  			
	 1301
	  	staring	  	 	1,198	  	  	t0353731	  	 Mike Rohrmorser
	  	 	1,520.00	  	  	 petrent

rent
 petrent
	  	 
  
  
	-20.00
 1,340.0

20.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	4/1/2012	  	3/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,340.00	  	  				  				  		  		  		  			
	 1302
	  	isles	  	 	813	  	  	t0359449	  	 Rick Jennings
	  	 	1,337.00	  	  	 rent
	  	 	1,280.00	  	  	 	500.00	  	  	 	0.00	  	  	10/17/2012	  	5/16/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,280.00	  	  				  				  		  		  		  			
	 1303
	  	staring	  	 	1,455	  	  	t0359012	  	 Lori Merriewether
	  	 	1,640.00	  	  	 rent

park
 park
	  	 
  
  
	1,585.0
 50.00

-50.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	9/26/2012	  	8/25/2013	  		  	 	-1,585.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,585.00	  	  				  				  		  		  		  			
	 1304
	  	staring	  	 	1,455	  	  	t0355776	  	 National Corporate Housing
	  	 	1,605.00	  	  	 rent
	  	 	1,535.00	  	  	 	0.00	  	  	 	0.00	  	  	5/29/2012	  	5/30/2013	  		  	 	63.14	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,535.00	  	  				  				  		  		  		  			
	 1305
	  	calhoun	  	 	726	  	  	t0341940	  	 Bill McWilliams
	  	 	1,187.00	  	  	 storage

storage
 rent
	  	 
  
  
	60.00
 -60.00

1,122.00
	  
   
   
	  	 	300.00	  	  	 	0.00	  	  	1/23/2006	  	2/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,122.00	  	  				  				  		  		  		  			
	 1306
	  	calhoun	  	 	726	  	  	t0342435	  	 Jeremy Budd
	  	 	1,177.00	  	  	 storage

rent
 storage
	  	 
  
  
	-40.00
 999.0

40.00
	  
   
   
	  	 	99.00	  	  	 	0.00	  	  	1/3/2009	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	999.00	  	  				  				  		  		  		  			
	 1307
	  	loring	  	 	980	  	  	t0342572	  	 Paul Scolardi
	  	 	1,352.00	  	  	 rent
	  	 	1,310.00	  	  	 	400.00	  	  	 	0.00	  	  	1/5/2010	  	12/17/2012	  		  	 	79.96	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,310.00	  	  				  				  		  		  		  			
	 1308
	  	calhoun	  	 	726	  	  	t0352126	  	 Sheetal Jain
	  	 	1,152.00	  	  	 rent
	  	 	1,035.00	  	  	 	0.00	  	  	 	0.00	  	  	1/30/2012	  	10/29/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,035.00	  	  				  				  		  		  		  			
	 1309
	  	loring	  	 	980	  	  	t0342829	  	 Bob Ayd
	  	 	1,387.00	  	  	 rent
	  	 	1,309.00	  	  	 	99.00	  	  	 	0.00	  	  	8/30/2010	  	5/17/2013	  		  	 	-50.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,309.00	  	  				  				  		  		  		  			

  
 Page 3 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 1310
	  	isles	  	 	813	  	  	t0359724	  	 Wesley Bergey
	  	 	1,302.00	  	  	 rent
	  	 	        1,220.00	  	  	 	0.00	  	  	 	0.00	  	  	11/1/2012	  	6/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,220.00	  	  				  				  		  		  		  			
	 1311
	  	calhoun	  	 	726	  	  	t0342601	  	 Julie Kreimeyer
	  	 	1,137.00	  	  	 rent
	  	 	975.00	  	  	 	99.00	  	  	 	0.00	  	  	2/22/2010	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	975.00	  	  				  				  		  		  		  			
	 1312
	  	harriett	  	 	788	  	  	t0346545	  	 Tricia Allwine
	  	 	1,202.00	  	  	 park

rent
	  	 
  
	50.00
 1,479.00
	  
   
	  	 	99.00	  	  	 	0.00	  	  	7/7/2011	  	4/6/2012	  	12/21/2012	  	 	-20.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,529.00	  	  				  				  		  		  		  			
	 1313
	  	harriett	  	 	788	  	  	t0351255	  	 Masuru Tsachiya
	  	 	1,287.00	  	  	 rent
	  	 	1,009.00	  	  	 	0.00	  	  	 	0.00	  	  	12/19/2011	  	2/18/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,009.00	  	  				  				  		  		  		  			
	 200
	  	r-retail	  	 	0	  	  	t0343014	  	 Cushman Realty, Inc.
	  	 	4,275.00	  	  	 rent

rent
	  	 
  
	800.00
 800.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	2/1/2011	  	10/31/2011	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,600.00	  	  				  				  		  		  		  			
	 2101
	  	isles	  	 	813	  	  	t0342815	  	 Creative Housing Solutions
	  	 	1,302.00	  	  	 rent
	  	 	1,295.00	  	  	 	0.00	  	  	 	0.00	  	  	9/29/2010	  	3/15/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,295.00	  	  				  				  		  		  		  			
	 2102
	  	isles	  	 	813	  	  	t0341986	  	 Susan Snorek
	  	 	1,337.00	  	  	 rent
	  	 	1,195.00	  	  	 	300.00	  	  	 	0.00	  	  	5/20/2006	  	7/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,195.00	  	  				  				  		  		  		  			
	 2103
	  	calhoun	  	 	726	  	  	t0354087	  	 Kia Daniels
	  	 	1,152.00	  	  	 rent
	  	 	1,000.00	  	  	 	0.00	  	  	 	0.00	  	  	3/24/2012	  	3/23/2013	  		  	 	-3.66	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,000.00	  	  				  				  		  		  		  			
	 2104
	  	calhoun	  	 	726	  	  	t0348076	  	 Rebecca Prochaska
	  	 	1,187.00	  	  	 rent

storage
 storage
	  	 
 
  
	1,085.00
60.00
 -60.00
	  
  
   
	  	 	300.00	  	  	 	0.00	  	  	8/26/2011	  	2/25/2013	  		  	 	27.18	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,085.00	  	  				  				  		  		  		  			
	 2105
	  	mitchell	  	 	1,012	  	  	t0355669	  	 Cory Sinon
	  	 	1,407.00	  	  	 rent
	  	 	1,200.00	  	  	 	0.00	  	  	 	0.00	  	  	6/29/2012	  	6/28/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,200.00	  	  				  				  		  		  		  			
	 2106
	  	loring	  	 	980	  	  	t0357937	  	 Lindsey Gerrity
	  	 	1,352.00	  	  	 rent

petrent
	  	 
  
	1,706.00
 40.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	8/1/2012	  	10/31/2012	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,746.00	  	  				  				  		  		  		  			
	 2108
	  	harriett	  	 	788	  	  	t0342054	  	 Jeannie Ho
	  	 	1,202.00	  	  	 rent
	  	 	1,190.00	  	  	 	300.00	  	  	 	0.00	  	  	8/11/2006	  	7/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,190.00	  	  				  				  		  		  		  			
	 2109
	  	cedar	  	 	1,529	  	  	t0357870	  	 Karen Wells
	  	 	1,485.00	  	  	 storage

petrent
 rent
	  	 
  
  
	60.00
 40.00

2,175.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	9/15/2012	  	8/14/2013	  		  	 	120.01	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	2,275.00	  	  				  				  		  		  		  			

  
 Page 4 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2110
	  	 nokomis
	  	 	1,164	  	  	t0359670	  	 Melissa Hester
	  	 	1,535.00	  	  	 rent

petrent
	  	 
  
	1,655.00
 80.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	11/16/2012	  	2/15/2013	  		  	 	45.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	        1,735.00	  	  				  				  		  		  		  			
	 2111
	  	harriett	  	 	788	  	  	t0342671	  	 Brian Elkjer
	  	 	1,237.00	  	  	 rent

storage
 storage
	  	 
  
  
	1,137.00
 -30.00

30.00
	  
   
   
	  	 	99.00	  	  	 	0.00	  	  	8/3/2010	  	7/29/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,137.00	  	  				  				  		  		  		  			
	 2112
	  	mitchell	  	 	1,012	  	  	t0342762	  	 Creative Housing Solutions
	  	 	1,442.00	  	  	 rent
	  	 	1,508.00	  	  	 	0.00	  	  	 	0.00	  	  	12/30/2010	  	8/15/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,508.00	  	  				  				  		  		  		  			
	 2113
	  	vermilli	  	 	1,295	  	  	t0342077	  	 Blake Johnson
	  	 	1,745.00	  	  	 rent
	  	 	1,728.00	  	  	 	500.00	  	  	 	0.00	  	  	10/5/2006	  	7/29/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,728.00	  	  				  				  		  		  		  			
	 2114
	  	staring	  	 	1,198	  	  	t0350709	  	 Drew Harrell
	  	 	1,520.00	  	  	 petrent

storage
 storage

rent
	  	 
  
  
  
	20.00
 40.00

-40.00
 1,360.00
	  
   
   
   
	  	 	0.00	  	  	 	0.00	  	  	11/11/2011	  	7/10/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,380.00	  	  				  				  		  		  		  			
	 2115
	  	isles	  	 	813	  	  	t0359089	  	 Emily Knoll
	  	 	1,337.00	  	  	 petrent

rent
	  	 
  
	40.00
 1,245.00
	  
   
	  	 	500.00	  	  	 	0.00	  	  	9/19/2012	  	7/18/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,285.00	  	  				  				  		  		  		  			
	 2116
	  	harriett	  	 	788	  	  	t0342708	  	 Alex Link
	  	 	1,237.00	  	  	 rent
	  	 	1,135.00	  	  	 	99.00	  	  	 	0.00	  	  	9/18/2010	  	6/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,135.00	  	  				  				  		  		  		  			
	 2117
	  	calhoun	  	 	726	  	  	t0351964	  	 Jumana Harianawala
	  	 	1,187.00	  	  	 rent
	  	 	1,080.00	  	  	 	500.00	  	  	 	0.00	  	  	2/18/2012	  	3/2/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,080.00	  	  				  				  		  		  		  			
	 2118
	  	loring	  	 	980	  	  	t0342210	  	 Umakanth Mogili
	  	 	1,352.00	  	  	 rent
	  	 	1,230.00	  	  	 	400.00	  	  	 	0.00	  	  	12/19/2007	  	12/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,230.00	  	  				  				  		  		  		  			
	 2119
	  	isles	  	 	813	  	  	t0342842	  	 Creative Housing Solutions
	  	 	1,327.00	  	  	 rent
	  	 	1,343.00	  	  	 	0.00	  	  	 	0.00	  	  	7/15/2010	  	9/28/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,343.00	  	  				  				  		  		  		  			
	 2120
	  	vermilli	  	 	1,295	  	  	t0342314	  	 Creative Housing Solutions
	  	 	1,745.00	  	  	 rent
	  	 	1,811.00	  	  	 	0.00	  	  	 	0.00	  	  	4/15/2008	  	7/29/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,811.00	  	  				  				  		  		  		  			
	 2121
	  	mitchell	  	 	1,012	  	  	t0355663	  	 Zikomo Fields
	  	 	1,442.00	  	  	 rent
	  	 	1,315.00	  	  	 	1,000.00	  	  	 	0.00	  	  	5/4/2012	  	5/3/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,315.00	  	  				  				  		  		  		  			
	 2122
	  	nokomis	  	 	1,164	  	  	t0341983	  	 Complete Corporate
	  	 	1,535.00	  	  	 petrent

rent
	  	 
  
	20.00
 1,325.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	3/7/2006	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,345.00	  	  				  				  		  		  		  			

  
 Page 5 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2123
	  	 staring
	  	 	1,198	  	  	t0342834	  	 Ronald Bazillion
	  	 	1,520.00	  	  	 storage

rent
 storage

storage
 storage
	  	 
  
  
  

 
	-20.00

        1,319.00
 50.00
 50.0
 -20.00
	  
   
   
   
   
	  	 	99.00	  	  	 	0.00	  	  	10/5/2010	  	5/21/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,379.00	  	  				  				  		  		  		  			
	 2124
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,237.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2125
	  	isles	  	 	813	  	  	t0352327	  	 James Maloney
	  	 	1,337.00	  	  	 rent

storage
	  	 
  
	1,195.00
 40.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	5/4/2012	  	5/3/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,235.00	  	  				  				  		  		  		  			
	 2126
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,237.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2127
	  	isles	  	 	813	  	  	t0358106	  	 Stephen Bassett
	  	 	1,202.00	  	  	 rent
	  	 	999.00	  	  	 	500.00	  	  	 	0.00	  	  	8/11/2012	  	2/10/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	999.00	  	  				  				  		  		  		  			
	 2128
	  	mitchell	  	 	1,012	  	  	t0358342	  	 Aaron Neubauer
	  	 	1,407.00	  	  	 park

rent
 park
	  	 
  
  
	-50.00
 1,350.00

50.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	8/11/2012	  	6/10/2013	  		  	 	1,484.83	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,350.00	  	  				  				  		  		  		  			
	 2129
	  	loring	  	 	980	  	  	t0341746	  	 Casey Cullinan
	  	 	1,387.00	  	  	 rent
	  	 	1,285.00	  	  	 	400.00	  	  	 	0.00	  	  	10/29/2004	  	6/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,285.00	  	  				  				  		  		  		  			
	 2130
	  	mitchell	  	 	1,012	  	  	t0359579	  	 Brittany Ledgerwood
	  	 	1,442.00	  	  	 rent
	  	 	1,345.00	  	  	 	0.00	  	  	 	0.00	  	  	11/17/2012	  	9/16/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,345.00	  	  				  				  		  		  		  			
	 2131
	  	nokomis	  	 	1,164	  	  	t0342827	  	 Caitlin Maxhimer
	  	 	1,435.00	  	  	 park

park
 rent
	  	 
  
  
	50.00
 -50.00

1,367.00
	  
   
   
	  	 	99.00	  	  	 	0.00	  	  	10/15/2010	  	5/21/2013	  		  	 	-11.30	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,367.00	  	  				  				  		  		  		  			
	 2132
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,302.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2133
	  	staring	  	 	1,198	  	  	t0351894	  	 Complete Corporate
	  	 	1,485.00	  	  	 rent
	  	 	1,325.00	  	  	 	0.00	  	  	 	0.00	  	  	3/8/2012	  	3/18/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,325.00	  	  				  				  		  		  		  			
	 2134
	  	staring	  	 	1,198	  	  	t0342668	  	 Marriott Execustay
	  	 	1,485.00	  	  	 rent

petrent
	  	 
  
	1,485.00
 40.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	6/7/2010	  	3/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,525.00	  	  				  				  		  		  		  			

  
 Page 6 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	   Resident  
	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	    Balance    	 
											
	 Current/Notice Residents
	  		  				  		  				  				  				  		  		  		  			
	 2135
	  	 nokomis
	  	 	1,164	  	  	t0356397	  	 Corporate Oakwood
	  	 	1,570.00	  	  	 rent

petrent
 petfee
	  	 
 
  
	1,580.0
80.00

        200.00
	  
  
   
	  	 	0.00	  	  	 	0.00	  	  	6/21/2012	  	6/20/2013	  		  	 	-1,403.46	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,860.00	  	  				  				  		  		  		  			
	 2136
	  	 mitchell
	  	 	1,012	  	  	t0355541	  	 Katie Cohen
	  	 	1,442.00	  	  	 park

rent
 petrent

park
	  	 
  
 
  
	100.00
 1,250.0
20.00

-100.00
	  
   
  

  
	  	 	0.00	  	  	 	0.00	  	  	4/26/2012	  	4/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,270.00	  	  				  				  		  		  		  			
	 2137
	  	 harriett
	  	 	788	  	  	VACANT	  	 VACANT
	  	 	1,237.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2138
	  	 harriett
	  	 	788	  	  	t0342767	  	 National Corporate Housing
	  	 	1,237.00	  	  	 rent
	  	 	1,249.00	  	  	 	0.00	  	  	 	0.00	  	  	1/31/2011	  	12/24/2012	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,249.00	  	  				  				  		  		  		  			
	 2139
	  	 loring
	  	 	980	  	  	t0342812	  	 Michelle Cheney
	  	 	1,387.00	  	  	 petrent

park
 park

rent
	  	 
  
  
  
	20.00
 50.00

-50.00
 1,238.00
	  
   
   
   
	  	 	1,397.00	  	  	 	0.00	  	  	11/5/2010	  	5/21/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,258.00	  	  				  				  		  		  		  			
	 2140
	  	 calhoun
	  	 	726	  	  	t0355668	  	 Jennifer Pollak
	  	 	1,187.00	  	  	 storage

storage
 rent
	  	 
  
  
	75.00
 -75.00

975.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	6/1/2012	  	5/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	975.00	  	  				  				  		  		  		  			
	 2141
	  	 harriett
	  	 	788	  	  	t0341926	  	 Carla Erickson
	  	 	1,202.00	  	  	 rent
	  	 	1,099.00	  	  	 	300.00	  	  	 	0.00	  	  	12/1/2005	  	4/16/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,099.00	  	  				  				  		  		  		  			
	 2142
	  	 isles
	  	 	813	  	  	t0342731	  	 Oakwood Corporate Housing
	  	 	1,387.00	  	  	 rent
	  	 	1,326.00	  	  	 	0.00	  	  	 	0.00	  	  	10/26/2010	  	5/15/2013	  		  	 	-1,374.42	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,326.00	  	  				  				  		  		  		  			
	 2143
	  	 nokomis
	  	 	1,164	  	  	t0357861	  	 Vineet Narula
	  	 	1,435.00	  	  	 rent
	  	 	1,299.00	  	  	 	0.00	  	  	 	0.00	  	  	7/27/2012	  	5/26/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,299.00	  	  				  				  		  		  		  			
	 2144
	  	 vermilli
	  	 	1,295	  	  	t0342032	  	 Barbara Pickens
	  	 	1,710.00	  	  	 storage

storage
 rent

storage
 storage

storage
 storage
	  	 
  
  
  

 
  

 
	30.00
 60.00

1,605.00
 -20.00

-10.00
 30.00

-10.00
	  
   
   
   
   
   
   
	  	 	500.00	  	  	 	0.00	  	  	5/24/2006	  	11/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,685.00	  	  				  				  		  		  		  			

  
 Page 7 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2145
	  	mitchell	  	 	1,012	  	  	t0342660	  	 Alex Eisch
	  	 	1,407.00	  	  	 rent
	  	 	        1,190.00	  	  	 	300.00	  	  	 	0.00	  	  	5/23/2010	  	6/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,190.00	  	  				  				  		  		  		  			
	 2146
	  	harriett	  	 	788	  	  	t0346542	  	 Brent LaFrenz
	  	 	1,202.00	  	  	 rent
	  	 	1,170.00	  	  	 	300.00	  	  	 	0.00	  	  	7/9/2011	  	7/8/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,170.00	  	  				  				  		  		  		  			
	 2147
	  	staring	  	 	1,198	  	  	t0342644	  	 Complete Corporate
	  	 	1,520.00	  	  	 rent
	  	 	1,350.00	  	  	 	0.00	  	  	 	0.00	  	  	4/23/2010	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,350.00	  	  				  				  		  		  		  			
	 2148
	  	nokomis	  	 	1,164	  	  	t0342704	  	 Complete Corporate
	  	 	1,570.00	  	  	 rent
	  	 	1,349.00	  	  	 	0.00	  	  	 	0.00	  	  	8/11/2010	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,349.00	  	  				  				  		  		  		  			
	 2149
	  	harriett	  	 	788	  	  	t0359452	  	 Jamie Ries
	  	 	1,237.00	  	  	 petrent
	  	 	20.00	  	  	 	0.00	  	  	 	0.00	  	  	10/11/2012	  	9/10/2013	  		  	 	0.00	  
		  		  				  		  		  				  	 rent
	  	 	1,165.00	  	  				  				  		  		  		  			
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,185.00	  	  				  				  		  		  		  			
	 2151
	  	loring	  	 	980	  	  	t0359091	  	 Justin Rudeen
	  	 	1,387.00	  	  	 petrent
	  	 	40.00	  	  	 	0.00	  	  	 	0.00	  	  	9/27/2012	  	7/26/2013	  		  	 	0.00	  
		  		  				  		  		  				  	 rent
	  	 	1,245.00	  	  				  				  		  		  		  			
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,285.00	  	  				  				  		  		  		  			
	 2152
	  	mitchell	  	 	1,012	  	  	t0342698	  	 Complete Corporate
	  	 	1,442.00	  	  	 rent
	  	 	1,249.00	  	  	 	0.00	  	  	 	0.00	  	  	8/9/2010	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,249.00	  	  				  				  		  		  		  			
	 2201
	  	isles	  	 	813	  	  	t0342721	  	 Brent Matson
	  	 	1,302.00	  	  	 rent
	  	 	1,212.00	  	  	 	99.00	  	  	 	0.00	  	  	7/5/2011	  	7/5/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,212.00	  	  				  				  		  		  		  			
	 2202
	  	isles	  	 	813	  	  	t0356011	  	 Therese Carreon
	  	 	1,287.00	  	  	 rent
	  	 	1,280.00	  	  	 	0.00	  	  	 	0.00	  	  	6/6/2012	  	6/5/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,280.00	  	  				  				  		  		  		  			
	 2203
	  	calhoun	  	 	726	  	  	t0354122	  	 BriAnna Baldwin
	  	 	1,102.00	  	  	 rent
	  	 	955.00	  	  	 	500.00	  	  	 	0.00	  	  	4/27/2012	  	4/26/2013	  		  	 	0.00	  
		  		  				  		  		  				  	 park
	  	 	100.0	  	  				  				  		  		  		  			
		  		  				  		  		  				  	 park
	  	 	-100.00	  	  				  				  		  		  		  			
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	955.00	  	  				  				  		  		  		  			
	 2204
	  	calhoun	  	 	726	  	  	t0356840	  	 Wendy Matsumura
	  	 	1,137.00	  	  	 rent
	  	 	1,165.0	  	  	 	500.00	  	  	 	0.00	  	  	6/30/2012	  	12/29/2012	  	12/29/2012	  	 	0.00	  
		  		  				  		  		  				  	 petrent
	  	 	40.00	  	  				  				  		  		  		  			
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,205.00	  	  				  				  		  		  		  			
	 2205
	  	mitchell	  	 	1,012	  	  	t0351566	  	 Phillip Lozanoski
	  	 	1,357.00	  	  	 rent
	  	 	1,050.00	  	  	 	500.00	  	  	 	0.00	  	  	1/2/2012	  	12/30/2012	  	1/7/2013	  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,050.00	  	  				  				  		  		  		  			
	 2206
	  	loring	  	 	980	  	  	t0342785	  	 Andrea Thompson
	  	 	1,352.00	  	  	 rent
	  	 	1,286.00	  	  	 	99.00	  	  	 	0.00	  	  	5/5/2011	  	4/22/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,286.00	  	  				  				  		  		  		  			
	 2207
	  	isles	  	 	813	  	  	t0342820	  	 Complete Corporate
	  	 	1,252.00	  	  	 rent
	  	 	1,199.00	  	  	 	0.00	  	  	 	0.00	  	  	9/24/2010	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,199.00	  	  				  				  		  		  		  			

  

  
 Page 8 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2208
	  	harriett	  	 	788	  	  	t0342824	  	 Complete Corporate
	  	 	1,202.00	  	  	 rent
	  	 	1,049.00	  	  	 	0.00	  	  	 	0.00	  	  	9/5/2010	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,049.00	  	  				  				  		  		  		  			
	 2209
	  	staring	  	 	1,198	  	  	t0341776	  	 Marriott Execustay
	  	 	1,435.00	  	  	 rent
	  	 	1,403.00	  	  	 	0.00	  	  	 	0.00	  	  	4/25/2005	  	4/22/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,403.00	  	  				  				  		  		  		  			
	 2210
	  	nokomis	  	 	1,164	  	  	t0342022	  	 Complete Corporate
	  	 	1,535.00	  	  	 rent
	  	 	1,325.00	  	  	 	0.00	  	  	 	0.00	  	  	2/1/2006	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,325.00	  	  				  				  		  		  		  			
	 2211
	  	harriett	  	 	788	  	  	t0342674	  	 Creative Housing Solutions
	  	 	1,237.00	  	  	 rent
	  	 	1,287.00	  	  	 	0.00	  	  	 	0.00	  	  	7/1/2010	  	7/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,287.00	  	  				  				  		  		  		  			
	 2212
	  	mitchell	  	 	1,012	  	  	VACANT	  	 VACANT
	  	 	1,392.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2213
	  	vermilli	  	 	1,295	  	  	t0357057	  	 Saroj Das
	  	 	1,695.00	  	  	 rent
	  	 	1,665.00	  	  	 	1,000.00	  	  	 	0.00	  	  	6/23/2012	  	12/22/2012	  	12/22/2012	  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,665.00	  	  				  				  		  		  		  			
	 2214
	  	staring	  	 	1,198	  	  	t0342844	  	 Ruth Ellenor Whitty
	  	 	1,520.00	  	  	 park

storage

rent
	  	 
  
  
	50.00
 75.00

1,524.00
	  
   
   
	  	 	299.00	  	  	 	0.00	  	  	6/23/2010	  	7/29/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,649.00	  	  				  				  		  		  		  			
	 2215
	  	isles	  	 	813	  	  	t0359170	  	 Amy Henderson
	  	 	1,287.00	  	  	 petrent

petrent

rent

petrent
	  	 
  
  
  
	40.0
 -40.00

1,245.00
 40.00
	  
   
   
   
	  	 	500.00	  	  	 	0.00	  	  	11/2/2012	  	9/1/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,285.00	  	  				  				  		  		  		  			
	 2216
	  	harriett	  	 	788	  	  	t0341783	  	 Complete Corporate
	  	 	1,262.00	  	  	 rent
	  	 	1,100.00	  	  	 	0.00	  	  	 	0.00	  	  	6/22/2004	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,100.00	  	  				  				  		  		  		  			
	 2217
	  	calhoun	  	 	726	  	  	t0351763	  	 Kristy VanDamme
	  	 	1,137.00	  	  	 rent
	  	 	1,025.00	  	  	 	500.00	  	  	 	0.00	  	  	1/7/2012	  	1/6/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,025.00	  	  				  				  		  		  		  			
	 2218
	  	loring	  	 	980	  	  	t0359115	  	 Michael Calvente
	  	 	1,387.00	  	  	 petrent

rent
	  	 
  
	40.00
 1,295.00
	  
   
	  	 	500.00	  	  	 	0.00	  	  	10/8/2012	  	8/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,335.00	  	  				  				  		  		  		  			
	 2219
	  	isles	  	 	813	  	  	t0353971	  	 Marriott Execustay
	  	 	1,327.00	  	  	 rent
	  	 	1,670.00	  	  	 	0.00	  	  	 	0.00	  	  	4/7/2012	  	10/7/2012	  	11/30/2012	  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,670.00	  	  				  				  		  		  		  			
	 2220
	  	vermilli	  	 	1,295	  	  	t0357308	  	 Matthew Parrington
	  	 	1,685.00	  	  	 park

park

rent

petrent
	  	 
  
  
  
	-50.00
 50.00

1,665.00
 40.00
	  
   
   
   
	  	 	0.00	  	  	 	0.00	  	  	8/1/2012	  	12/31/2012	  	12/1/2012	  	 	-36.83	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,705.00	  	  				  				  		  		  		  			

  
 Page 9 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2221
	  	mitchell	  	 	1,012	  	  	t0358614	  	 Joshua Wille
	  	 	1,357.00	  	  	 park

rent
 park

petrent
	  	 
  
 
  
	100.00
 1,320.0
-100.00

40.00
	  
   
  

  
	  	 	500.00	  	  	 	0.00	  	  	10/26/2012	  	9/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,360.00	  	  				  				  		  		  		  			
	 2222
	  	nokomis	  	 	1,164	  	  	t0356793	  	 Denise Byers
	  	 	1,535.00	  	  	 rent

petrent
	  	 
 	1,565.00
40.00	  
  	  	 	1,000.00	  	  	 	0.00	  	  	6/21/2012	  	12/20/2012	  	1/31/2013	  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,605.00	  	  				  				  		  		  		  			
	 2223
	  	staring	  	 	1,198	  	  	t0342499	  	 Nick Maloney
	  	 	1,520.00	  	  	 rent

park
 park
	  	 
 
  
	1,465.00
100.00
 -100.00
	  
  
   
	  	 	99.00	  	  	 	0.00	  	  	6/20/2009	  	5/27/2013	  		  	 	-11.72	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,465.00	  	  				  				  		  		  		  			
	 2224
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,337.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2225
	  	isles	  	 	813	  	  	t0359119	  	 Creative Housing Solutions
	  	 	1,287.00	  	  	 rent
	  	 	1,366.00	  	  	 	0.00	  	  	 	0.00	  	  	9/19/2012	  	8/18/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,366.00	  	  				  				  		  		  		  			
	 2226
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,337.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2227
	  	isles	  	 	813	  	  	t0342736	  	 David Brady
	  	 	1,302.00	  	  	 rent
	  	 	1,199.00	  	  	 	300.00	  	  	 	0.00	  	  	11/19/2010	  	4/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,199.00	  	  				  				  		  		  		  			
	 2228
	  	mitchell	  	 	1,012	  	  	t0354722	  	 Trevan Towhill
	  	 	1,357.00	  	  	 park

park
 rent
	  	 
  
  
	50.00
 -50.00

1,210.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	4/7/2012	  	4/6/2013	  		  	 	-11.74	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,210.00	  	  				  				  		  		  		  			
	 2229
	  	loring	  	 	980	  	  	t0342240	  	 Will Niskanen
	  	 	1,387.00	  	  	 park

park
 rent

storage
 storage
	  	 
  
 
  
  
	50.00
 50.00
1,280.00

-10.00
 30.00
	  
   
  

  
   
	  	 	400.00	  	  	 	0.00	  	  	2/3/2008	  	2/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,400.00	  	  				  				  		  		  		  			
	 2230
	  	mitchell	  	 	1,012	  	  	t0358945	  	 Bart Biesterfeld
	  	 	1,392.00	  	  	 petrent

rent
	  	 
  
	20.00
 1,295.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	9/22/2012	  	7/21/2013	  		  	 	-1,315.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,315.00	  	  				  				  		  		  		  			
	 2231
	  	nokomis	  	 	1,164	  	  	t0357879	  	 Carol Meiners
	  	 	1,535.00	  	  	 petrent

petrent
 rent
	  	 
  
  
	20.00
 40.00

1,500.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	9/21/2012	  	9/20/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,560.00	  	  				  				  		  		  		  			

  
 Page 10 

 

																																							
	 Unit     
	  	  Unit type  	  	 Unit

  Sq Ft  
	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	   Move-Out  
	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2232
	  	isles	  	 	813	  	  	t0355633	  	 Jenni Fern
	  	 	1,252.00	  	  	 rent
	  	 	        1,110.00	  	  	 	0.00	  	  	 	0.00	  	  	4/27/2012	  	4/26/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,110.00	  	  				  				  		  		  		  			
	 2233
	  	staring	  	 	1,198	  	  	t0341799	  	 Marriott Execustay
	  	 	1,435.00	  	  	 rent
	  	 	1,349.00	  	  	 	0.00	  	  	 	0.00	  	  	9/27/2004	  	3/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,349.00	  	  				  				  		  		  		  			
	 2234
	  	staring	  	 	1,198	  	  	t0341964	  	 Complete Corporate
	  	 	1,485.00	  	  	 rent
	  	 	1,350.00	  	  	 	0.00	  	  	 	0.00	  	  	1/24/2006	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,350.00	  	  				  				  		  		  		  			
	 2235
	  	nokomis	  	 	1,164	  	  	t0355772	  	 National Corporate Housing
	  	 	1,570.00	  	  	 rent
	  	 	1,600.00	  	  	 	0.00	  	  	 	0.00	  	  	5/29/2012	  	5/30/2013	  		  	 	103.23	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,600.00	  	  				  				  		  		  		  			
	 2236
	  	mitchell	  	 	1,012	  	  	t0358366	  	 David Cohen
	  	 	1,392.00	  	  	 rent

petrent
	  	 
  
	1,360.00
 40.00
	  
   
	  	 	500.00	  	  	 	0.00	  	  	8/18/2012	  	7/17/2013	  		  	 	-5.93	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,400.00	  	  				  				  		  		  		  			
	 2237
	  	harriett	  	 	788	  	  	t0356472	  	 Tai Gilbert
	  	 	1,237.00	  	  	 petrent

rent
	  	 
  
	40.00
 1,260.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	8/4/2012	  	6/3/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,300.00	  	  				  				  		  		  		  			
	 2238
	  	harriett	  	 	788	  	  	t0341803	  	 Complete Corporate
	  	 	1,237.00	  	  	 rent
	  	 	1,049.00	  	  	 	0.00	  	  	 	0.00	  	  	11/23/2004	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,049.00	  	  				  				  		  		  		  			
	 2239
	  	loring	  	 	980	  	  	t0355265	  	 Ryan Stuntz
	  	 	1,387.00	  	  	 rent

park
 park

petrent
	  	 
  
  
  
	1,245.00
 50.00

-50.00
 40.00
	  
   
   
   
	  	 	0.00	  	  	 	0.00	  	  	5/15/2012	  	5/14/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,285.00	  	  				  				  		  		  		  			
	 2240
	  	calhoun	  	 	726	  	  	t0358598	  	 Kevin Keene
	  	 	1,087.00	  	  	 rent
	  	 	1,070.00	  	  	 	500.00	  	  	 	0.00	  	  	8/25/2012	  	2/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,070.00	  	  				  				  		  		  		  			
	 2241
	  	harriett	  	 	788	  	  	t0354716	  	 Tommy Giovanni Godinez
	  	 	1,202.00	  	  	 rent
	  	 	1,075.00	  	  	 	0.00	  	  	 	0.00	  	  	5/1/2012	  	4/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,075.00	  	  				  				  		  		  		  			
	 2242
	  	isles	  	 	813	  	  	t0355885	  	 Derek Leigh
	  	 	1,287.00	  	  	 rent
	  	 	1,150.00	  	  	 	0.00	  	  	 	0.00	  	  	6/1/2012	  	5/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,150.00	  	  				  				  		  		  		  			
	 2243
	  	nokomis	  	 	1,164	  	  	t0359263	  	 Tammy Webb
	  	 	1,535.00	  	  	 rent

petrent
	  	 
  
	1,475.00
 40.00
	  
   
	  	 	0.00	  	  	 	0.00	  	  	10/11/2012	  	10/10/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,515.00	  	  				  				  		  		  		  			
	 2244
	  	vermilli	  	 	1,295	  	  	t0359621	  	 John McManus
	  	 	1,695.00	  	  	 rent
	  	 	1,685.00	  	  	 	500.00	  	  	 	0.00	  	  	11/8/2012	  	5/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,685.00	  	  				  				  		  		  		  			
	 2245
	  	mitchell	  	 	1,012	  	  	t0342777	  	 Rosemount Emerson
	  	 	1,357.00	  	  	 rent
	  	 	1,259.00	  	  	 	99.00	  	  	 	0.00	  	  	3/15/2011	  	3/25/2013	  		  	 	-1,182.50	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,259.00	  	  				  				  		  		  		  			

  
 Page 11 

 

																																							
	 Unit     
	  	  Unit type  	  	 Unit

  Sq Ft  
	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2246
	  	harriett	  	 	788	  	  	t0352540	  	 Srinivasa Jallepalli
	  	 	1,202.00	  	  	 rent
	  	 	        1,100.00	  	  	 	0.00	  	  	 	0.00	  	  	2/12/2012	  	1/31/2013	  		  	 	87.45	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,100.00	  	  				  				  		  		  		  			
	 2247
	  	staring	  	 	1,198	  	  	t0354922	  	 Temporary VIP Suites
	  	 	1,470.00	  	  	 rent
	  	 	1,405.00	  	  	 	0.00	  	  	 	0.00	  	  	5/15/2012	  	5/14/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,405.00	  	  				  				  		  		  		  			
	 2248
	  	nokomis	  	 	1,164	  	  	t0342826	  	 Marriott Execustay
	  	 	1,570.00	  	  	 rent
	  	 	1,498.00	  	  	 	0.00	  	  	 	0.00	  	  	9/9/2010	  	4/22/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,498.00	  	  				  				  		  		  		  			
	 2249
	  	harriett	  	 	788	  	  	t0343758	  	 Zhe Yang
	  	 	1,237.00	  	  	 storage

rent
 petrent
	  	 
 
  
	75.00
1,201.00
 20.00
	  
  
   
	  	 	99.00	  	  	 	0.00	  	  	6/7/2011	  	6/24/2013	  	12/4/2012	  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,296.00	  	  				  				  		  		  		  			
	 2250
	  	isles	  	 	813	  	  	t0342795	  	 Jacqueline Johannesson
	  	 	1,287.00	  	  	 storage

park
 rent

park
	  	 
  
  
  
	20.00
 100.00

1,232.00
 -100.00
	  
   
   
   
	  	 	99.00	  	  	 	0.00	  	  	4/10/2011	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,252.00	  	  				  				  		  		  		  			
	 2251
	  	loring	  	 	980	  	  	t0354591	  	 Richard Berggren
	  	 	1,387.00	  	  	 rent
	  	 	1,409.00	  	  	 	0.00	  	  	 	0.00	  	  	4/1/2012	  	6/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,409.00	  	  				  				  		  		  		  			
	 2252
	  	mitchell	  	 	1,012	  	  	t0342636	  	 Laurinda Nadeau
	  	 	1,392.00	  	  	 rent
	  	 	1,242.00	  	  	 	99.00	  	  	 	0.00	  	  	5/27/2010	  	5/27/2013	  		  	 	-100.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,242.00	  	  				  				  		  		  		  			
	 2301
	  	isles	  	 	813	  	  	t0352114	  	 Casey Kearns
	  	 	1,252.00	  	  	 rent
	  	 	1,145.00	  	  	 	0.00	  	  	 	0.00	  	  	2/10/2012	  	2/9/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,145.00	  	  				  				  		  		  		  			
	 2302
	  	isles	  	 	813	  	  	t0342056	  	 Complete Corporate
	  	 	1,287.00	  	  	 rent
	  	 	1,205.00	  	  	 	0.00	  	  	 	0.00	  	  	7/15/2006	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,205.00	  	  				  				  		  		  		  			
	 2303
	  	calhoun	  	 	726	  	  	t0342057	  	 Karen Winton
	  	 	1,102.00	  	  	 rent
	  	 	1,055.00	  	  	 	300.00	  	  	 	0.00	  	  	9/5/2006	  	2/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,055.00	  	  				  				  		  		  		  			
	 2304
	  	calhoun	  	 	726	  	  	t0358885	  	 Audie Cole
	  	 	1,137.00	  	  	 rent
	  	 	1,180.00	  	  	 	500.00	  	  	 	0.00	  	  	9/11/2012	  	1/10/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,180.00	  	  				  				  		  		  		  			
	 2305
	  	mitchell	  	 	1,012	  	  	t0354594	  	 Devin Sijan
	  	 	1,357.00	  	  	 park

park
 rent

storage
	  	 
  
  
  
	50.00
 -50.00

1,240.00
 60.00
	  
   
   
   
	  	 	0.00	  	  	 	0.00	  	  	6/16/2012	  	6/15/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,300.00	  	  				  				  		  		  		  			

  
 Page 12 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2306
	  	loring	  	 	980	  	  	t0355370	  	 Alissa Hopkins
	  	 	1,302.00	  	  	 petrent

rent
 petrent
	  	 
  
  
	20.00
 1,160.00

20.00
	  
   
   
	  	 	500.00	  	  	 	0.00	  	  	4/27/2012	  	4/26/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,200.00	  	  				  				  		  		  		  			
	 2307
	  	isles	  	 	813	  	  	t0355463	  	 Matt Vaughan
	  	 	1,252.00	  	  	 rent
	  	 	1,130.00	  	  	 	0.00	  	  	 	0.00	  	  	5/30/2012	  	5/29/2013	  		  	 	-4.73	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,130.00	  	  				  				  		  		  		  			
	 2308
	  	harriett	  	 	788	  	  	t0351797	  	 Emily Jones
	  	 	1,202.00	  	  	 rent
	  	 	1,090.00	  	  	 	0.00	  	  	 	0.00	  	  	1/19/2012	  	7/18/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,090.00	  	  				  				  		  		  		  			
	 2309
	  	staring	  	 	1,198	  	  	VACANT	  	 VACANT
	  	 	1,435.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2310
	  	nokomis	  	 	1,198	  	  	t0341968	  	 Complete Corporate
	  	 	1,535.00	  	  	 rent
	  	 	1,350.00	  	  	 	0.00	  	  	 	0.00	  	  	2/9/2006	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,350.00	  	  				  				  		  		  		  			
	 2311
	  	harriett	  	 	788	  	  	t0352546	  	 Barry Westrum
	  	 	1,237.00	  	  	 rent
	  	 	1,065.00	  	  	 	0.00	  	  	 	0.00	  	  	3/5/2012	  	6/4/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,065.00	  	  				  				  		  		  		  			
	 2312
	  	mitchell	  	 	1,012	  	  	t0346532	  	 Equus Computer Systems
	  	 	1,392.00	  	  	 rent
	  	 	1,440.00	  	  	 	300.00	  	  	 	0.00	  	  	7/9/2011	  	8/8/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,440.00	  	  				  				  		  		  		  			
	 2313
	  	vermilli	  	 	1,295	  	  	t0354218	  	 Michelle Mundt
	  	 	1,795.00	  	  	 rent
	  	 	1,560.00	  	  	 	1,000.00	  	  	 	0.00	  	  	3/11/2012	  	3/10/2013	  		  	 	-22.77	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,560.00	  	  				  				  		  		  		  			
	 2314
	  	staring	  	 	1,198	  	  	t0341829	  	 Richard Feuling
	  	 	1,470.00	  	  	 storage

rent
 storage

storage
 storage
	  	  
  

 
  

 
	 -35.00

1,576.00
 45.00

50.0
 -40.00
	   
   

  
   

  
	  	 	500.00	  	  	 	0.00	  	  	11/24/2004	  	8/17/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,596.00	  	  				  				  		  		  		  			
	 2315
	  	isles	  	 	813	  	  	t0351384	  	 Allison Workman
	  	 	1,287.00	  	  	 rent
	  	 	1,099.00	  	  	 	0.00	  	  	 	0.00	  	  	2/17/2012	  	4/16/2013	  		  	 	6.10	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,099.00	  	  				  				  		  		  		  			
	 2316
	  	harriett	  	 	788	  	  	t0359030	  	 Jennifer Helgeson
	  	 	1,262.00	  	  	 rent
	  	 	1,170.00	  	  	 	0.00	  	  	 	0.00	  	  	9/29/2012	  	8/28/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,170.00	  	  				  				  		  		  		  			
	 2317
	  	calhoun	  	 	726	  	  	t0354486	  	 Cathie Sorensen
	  	 	1,102.00	  	  	 storage

storage
 rent
	  	 
  
  
	40.00
 -40.00

975.00
	  
   
   
	  	 	0.00	  	  	 	0.00	  	  	5/25/2012	  	5/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	975.00	  	  				  				  		  		  		  			
	 2318
	  	loring	  	 	980	  	  	t0354199	  	 Julian Padilla
	  	 	1,327.00	  	  	 rent
	  	 	1,225.00	  	  	 	0.00	  	  	 	0.00	  	  	3/18/2012	  	3/17/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,225.00	  	  				  				  		  		  		  			

  
 Page 13 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2319
	  	isles	  	 	813	  	  	t0349893	  	 Alternative Lodging
	  	 	1,327.00	  	  	 rent
	  	 	1,264.00	  	  	 	0.00	  	  	 	0.00	  	  	10/12/2011	  	8/11/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,264.00	  	  				  				  		  		  		  			
	 2320
	  	vermilli	  	 	1,295	  	  	VACANT	  	 VACANT
	  	 	1,785.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2321
	  	mitchell	  	 	1,012	  	  	t0354628	  	 Valerie Johnson
	  	 	1,357.00	  	  	 rent
	  	 	1,210.00	  	  	 	0.00	  	  	 	0.00	  	  	4/1/2012	  	5/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,210.00	  	  				  				  		  		  		  			
	 2322
	  	nokomis	  	 	1,198	  	  	t0355267	  	 Stephanie Olson
	  	 	1,535.00	  	  	 rent

park
	  	 
 	1,570.00
50.00	  
  	  	 	0.00	  	  	 	0.00	  	  	4/14/2012	  	4/13/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,620.00	  	  				  				  		  		  		  			
	 2323
	  	staring	  	 	1,198	  	  	t0349053	  	 Brandon Burton
	  	 	1,470.00	  	  	 rent
	  	 	1,455.00	  	  	 	400.00	  	  	 	0.00	  	  	9/13/2011	  	7/19/2013	  		  	 	1,593.76	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,455.00	  	  				  				  		  		  		  			
	 2324
	  	isles	  	 	813	  	  	t0359630	  	 Eric Durant
	  	 	1,337.00	  	  	 rent
	  	 	1,220.00	  	  	 	500.00	  	  	 	0.00	  	  	10/24/2012	  	6/8/2013	  		  	 	-150.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,220.00	  	  				  				  		  		  		  			
	 2325
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,287.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2326
	  	isles	  	 	813	  	  	t0353961	  	 Winston Porras
	  	 	1,337.00	  	  	 rent
	  	 	1,185.00	  	  	 	0.00	  	  	 	0.00	  	  	3/18/2012	  	3/17/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,185.00	  	  				  				  		  		  		  			
	 2327
	  	isles	  	 	813	  	  	t0342854	  	 Gregory Hartz
	  	 	1,337.00	  	  	 rent
	  	 	1,160.00	  	  	 	400.00	  	  	 	0.00	  	  	12/21/2009	  	6/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,160.00	  	  				  				  		  		  		  			
	 2328
	  	mitchell	  	 	1,012	  	  	t0359035	  	 Sarah Wondrasek
	  	 	1,357.00	  	  	 rent
	  	 	1,285.00	  	  	 	500.00	  	  	 	0.00	  	  	11/3/2012	  	11/2/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,285.00	  	  				  				  		  		  		  			
	 2329
	  	loring	  	 	980	  	  	t0354981	  	 Eric Sprankle
	  	 	1,387.00	  	  	 rent
	  	 	1,175.00	  	  	 	0.00	  	  	 	0.00	  	  	4/22/2012	  	4/21/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,175.00	  	  				  				  		  		  		  			
	 2330
	  	mitchell	  	 	1,012	  	  	t0351584	  	 Michelle McLean
	  	 	1,392.00	  	  	 rent
	  	 	1,249.00	  	  	 	500.00	  	  	 	0.00	  	  	1/14/2012	  	3/13/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,249.00	  	  				  				  		  		  		  			
	 2331
	  	nokomis	  	 	1,198	  	  	t0341846	  	 Marriott Execustay
	  	 	1,535.00	  	  	 rent
	  	 	1,503.00	  	  	 	0.00	  	  	 	0.00	  	  	4/25/2005	  	4/22/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,503.00	  	  				  				  		  		  		  			
	 2332
	  	isles	  	 	813	  	  	t0342641	  	 Sally Kane
	  	 	1,252.00	  	  	 rent
	  	 	1,152.00	  	  	 	99.00	  	  	 	0.00	  	  	4/7/2010	  	7/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,152.00	  	  				  				  		  		  		  			
	 2333
	  	staring	  	 	1,198	  	  	t0359789	  	 Creative Housing Solutions
	  	 	1,435.00	  	  	 rent
	  	 	1,435.00	  	  	 	0.00	  	  	 	0.00	  	  	11/16/2012	  	11/15/2013	  		  	 	200.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,435.00	  	  				  				  		  		  		  			
	 2334
	  	staring	  	 	1,198	  	  	t0358028	  	 Nancy Peralta
	  	 	1,520.00	  	  	 rent
	  	 	1,299.00	  	  	 	0.00	  	  	 	0.00	  	  	7/28/2012	  	7/27/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,299.00	  	  				  				  		  		  		  			

  
 Page 14 

 

																																							
	 Unit    
	 	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2335
	 	nokomis	  	 	1,198	  	  	t0351327	  	 Missy Sujeeth
	  	 	1,570.00	  	  	 storage

storage
 rent

storage
 park
	  	 
  
 
 
 
	40.00
 -20.00
1,499.00
40.00
50.00
	  

  
  
  
  
	  	 	500.00	  	  	 	0.00	  	  	1/18/2012	  	3/17/2013	  		  	 	-1,756.11	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,609.00	  	  				  				  		  		  		  			
	 2336
	 	mitchell	  	 	1,012	  	  	t0342756	  	 Mitchell Schultz
	  	 	1,392.00	  	  	 rent
	  	 	1,285.00	  	  	 	99.00	  	  	 	0.00	  	  	12/9/2010	  	8/17/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,285.00	  	  				  				  		  		  		  			
	 2337
	 	harriett	  	 	788	  	  	t0355477	  	 Steve Hart
	  	 	1,237.00	  	  	 rent
	  	 	1,105.00	  	  	 	500.00	  	  	 	0.00	  	  	6/8/2012	  	6/7/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,105.00	  	  				  				  		  		  		  			
	 2338
	 	harriett	  	 	788	  	  	t0342728	  	 Colleen Buncher
	  	 	1,237.00	  	  	 rent
	  	 	1,100.00	  	  	 	99.00	  	  	 	0.00	  	  	11/13/2010	  	6/11/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,100.00	  	  				  				  		  		  		  			
	 2339
	 	loring	  	 	980	  	  	t0352581	  	 Mike Horn
	  	 	1,352.00	  	  	 rent
	  	 	1,180.00	  	  	 	0.00	  	  	 	0.00	  	  	2/19/2012	  	2/18/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,180.00	  	  				  				  		  		  		  			
	 2340
	 	calhoun	  	 	726	  	  	t0341952	  	 Michael Kim
	  	 	1,137.00	  	  	 rent
	  	 	1,040.00	  	  	 	300.00	  	  	 	0.00	  	  	1/20/2006	  	12/25/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,040.00	  	  				  				  		  		  		  			
	 2341
	 	harriett	  	 	788	  	  	t0358817	  	 Robert Blanton
	  	 	1,202.00	  	  	 rent
	  	 	1,105.00	  	  	 	0.00	  	  	 	0.00	  	  	9/4/2012	  	2/3/2013	  	2/3/2013	  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,105.00	  	  				  				  		  		  		  			
	 2342
	 	isles	  	 	813	  	  	t0358592	  	 Jack McCraine
	  	 	1,252.00	  	  	 rent
	  	 	1,390.00	  	  	 	500.00	  	  	 	0.00	  	  	9/1/2012	  	11/30/2012	  	12/31/2012	  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,390.00	  	  				  				  		  		  		  			
	 2343
	 	nokomis	  	 	1,198	  	  	t0342773	  	 Shiva Kumar
	  	 	1,535.00	  	  	 storage

park
 rent

park
 storage
	  	 
  
  
  

 
	-75.00
 -50.00

1,499.00
 50.00

75.00
	  
   
   
   
   
	  	 	99.00	  	  	 	0.00	  	  	4/10/2011	  	4/26/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,499.00	  	  				  				  		  		  		  			
	 2344
	 	vermilli	  	 	1,295	  	  	t0353726	  	 Michael Schmeling
	  	 	1,660.00	  	  	 rent
	  	 	1,430.00	  	  	 	0.00	  	  	 	0.00	  	  	2/19/2012	  	2/18/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,430.00	  	  				  				  		  		  		  			
	 2345
	 	mitchell	  	 	1,012	  	  	t0345544	  	 Martin Ortiz
	  	 	1,357.00	  	  	 storage

rent
 storage
	  	 
  
 
	-20.00
 1,378.00
50.00
	  
   
  
	  	 	99.00	  	  	 	0.00	  	  	7/8/2011	  	7/7/2013	  		  	 	1,547.96	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,408.00	  	  				  				  		  		  		  			
	 2346
	 	harriett	  	 	788	  	  	t0355868	  	 Laura Lutterman
	  	 	1,202.00	  	  	 rent
	  	 	1,135.00	  	  	 	500.00	  	  	 	0.00	  	  	6/8/2012	  	6/7/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,135.00	  	  				  				  		  		  		  			

  
 Page 15 

 

																																							
	 Unit    
	 	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2347
	 	staring	  	 	1,198	  	  	t0351999	  	 Shawn Wischmeier
	  	 	1,470.00	  	  	 storage

rent
 storage

petrent
 petrent
	  	 
  
 
  
  
	20.00
 1,770.00
20.00

20.00
 20.00
	  
   
  

  
   
	  	 	500.00	  	  	 	0.00	  	  	3/3/2012	  	5/2/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,850.00	  	  				  				  		  		  		  			
	 2348
	 	nokomis	  	 	1,198	  	  	t0342678	  	 Suresha Sajlar Ramareddy
	  	 	1,570.00	  	  	 storage

storage
 rent
	  	 
  
  
	60.00
 -60.00

1,455.00
	  
   
   
	  	 	99.00	  	  	 	0.00	  	  	7/23/2010	  	5/23/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,455.00	  	  				  				  		  		  		  			
	 2349
	 	harriett	  	 	788	  	  	t0352609	  	 Bei Jin
	  	 	1,237.00	  	  	 rent
	  	 	1,065.00	  	  	 	500.00	  	  	 	0.00	  	  	4/14/2012	  	4/13/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,065.00	  	  				  				  		  		  		  			
	 2350
	 	isles	  	 	813	  	  	t0354371	  	 Corporate National Housing
	  	 	1,287.00	  	  	 rent
	  	 	1,300.00	  	  	 	0.00	  	  	 	0.00	  	  	3/16/2012	  	8/15/2013	  		  	 	62.53	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,300.00	  	  				  				  		  		  		  			
	 2351
	 	loring	  	 	980	  	  	t0343131	  	 Jonathan Fairley
	  	 	1,387.00	  	  	 park

rent
 storage

petrent
 park

storage
	  	 
  
  
 
  
 
	50.00
 1,316.00

-10.00
20.00

-50.00
30.00
	  
   
   
  
   
  
	  	 	200.00	  	  	 	0.00	  	  	5/5/2011	  	4/22/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,356.00	  	  				  				  		  		  		  			
	 2352
	 	mitchell	  	 	1,012	  	  	t0342589	  	 Julie Mahoney
	  	 	1,392.00	  	  	 rent
	  	 	1,160.00	  	  	 	99.00	  	  	 	0.00	  	  	12/31/2009	  	8/17/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,160.00	  	  				  				  		  		  		  			
	 2401
	 	isles	  	 	813	  	  	t0359129	  	 Swetha Arkala
	  	 	1,252.00	  	  	 rent
	  	 	1,135.00	  	  	 	0.00	  	  	 	0.00	  	  	9/29/2012	  	3/28/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,135.00	  	  				  				  		  		  		  			
	 2402
	 	isles	  	 	813	  	  	t0342493	  	 John Eric Langdale
	  	 	1,287.00	  	  	 storage

rent
	  	 
  
	30.00
 1,073.00
	  
   
	  	 	99.00	  	  	 	0.00	  	  	5/1/2009	  	4/30/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,103.00	  	  				  				  		  		  		  			
	 2403
	 	calhoun	  	 	726	  	  	t0351941	  	 Shira Bennett
	  	 	1,102.00	  	  	 rent
	  	 	995.00	  	  	 	500.00	  	  	 	0.00	  	  	2/15/2012	  	2/14/2013	  		  	 	0.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	995.00	  	  				  				  		  		  		  			
	 2404
	 	calhoun	  	 	726	  	  	t0358740	  	 Somasundaram Krishnamurthy
	  	 	1,137.00	  	  	 rent
	  	 	1,080.00	  	  	 	500.00	  	  	 	0.00	  	  	9/28/2012	  	3/27/2013	  		  	 	-60.00	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,080.00	  	  				  				  		  		  		  			
	 2405
	 	mitchell	  	 	1,012	  	  	t0349670	  	 Oakwood Corporate Suites Oakwood
	  	 	1,407.00	  	  	 rent
	  	 	1,390.00	  	  	 	0.00	  	  	 	0.00	  	  	9/28/2011	  	5/27/2013	  		  	 	-1,427.50	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,390.00	  	  				  				  		  		  		  			
	 2406
	 	loring	  	 	980	  	  	t0349934	  	 Chris Carlson
	  	 	1,352.00	  	  	 rent
	  	 	1,247.00	  	  	 	300.00	  	  	 	0.00	  	  	10/20/2011	  	7/19/2013	  		  	 	-87.62	  
		 		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		 		  				  		  		  				  	 Total
	  	 	1,247.00	  	  				  				  		  		  		  			

  
 Page 16 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2407
	  	isles	  	 	813	  	  	VACANT	  	 VACANT
	  	 	1,252.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2408
	  	harriett	  	 	788	  	  	t0354286	  	 Justin Adair
	  	 	1,202.00	  	  	 rent
	  	 	1,085.00	  	  	 	0.00	  	  	 	0.00	  	  	4/28/2012	  	4/27/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,085.00	  	  				  				  		  		  		  			
	 2409
	  	staring	  	 	1,198	  	  	t0343551	  	 Creative Housing Solutions
	  	 	1,435.00	  	  	 rent
	  	 	1,576.00	  	  	 	0.00	  	  	 	0.00	  	  	4/20/2011	  	4/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,576.00	  	  				  				  		  		  		  			
	 2410
	  	nokomis	  	 	1,164	  	  	VACANT	  	 VACANT
	  	 	1,535.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2411
	  	harriett	  	 	788	  	  	t0358392	  	 Jennifer Wucherer
	  	 	1,237.00	  	  	 rent
	  	 	1,049.00	  	  	 	500.00	  	  	 	0.00	  	  	8/16/2012	  	8/15/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,049.00	  	  				  				  		  		  		  			
	 2412
	  	mitchell	  	 	1,012	  	  	t0358730	  	 Nicole Presser
	  	 	1,442.00	  	  	 storage

rent
	  	 
 	20.00
1,340.00	  
  	  	 	0.00	  	  	 	0.00	  	  	9/8/2012	  	8/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,360.00	  	  				  				  		  		  		  			
	 2415
	  	isles	  	 	813	  	  	t0358944	  	 Linda Modlinski
	  	 	1,287.00	  	  	 rent
	  	 	1,195.00	  	  	 	500.00	  	  	 	0.00	  	  	9/26/2012	  	7/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,195.00	  	  				  				  		  		  		  			
	 2417
	  	calhoun	  	 	726	  	  	t0341881	  	 Alternative Lodging
	  	 	1,102.00	  	  	 rent
	  	 	1,398.00	  	  	 	0.00	  	  	 	0.00	  	  	9/1/2005	  	12/31/2012	  	12/31/2012	  	 	-10.29	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,398.00	  	  				  				  		  		  		  			
	 2421
	  	mitchell	  	 	1,012	  	  	t0342735	  	 Stephen Viel
	  	 	1,407.00	  	  	 rent
	  	 	1,245.00	  	  	 	300.00	  	  	 	0.00	  	  	12/5/2010	  	8/17/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,245.00	  	  				  				  		  		  		  			
	 2422
	  	nokomis	  	 	1,164	  	  	VACANT	  	 VACANT
	  	 	1,535.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2423
	  	staring	  	 	1,198	  	  	t0354406	  	 Ryan McAndrew
	  	 	1,470.00	  	  	 storage

rent
	  	 
 	60.00
1,285.00	  
  	  	 	0.00	  	  	 	0.00	  	  	3/17/2012	  	3/16/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,345.00	  	  				  				  		  		  		  			
	 2424
	  	isles	  	 	813	  	  	t0359566	  	 Liz Hadd
	  	 	1,337.00	  	  	 rent

petrent
	  	 
 	1,220.00
20.00	  
  	  	 	500.00	  	  	 	0.00	  	  	10/18/2012	  	3/9/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,240.00	  	  				  				  		  		  		  			
	 2425
	  	isles	  	 	813	  	  	t0354168	  	 Corporate Marriott Execustay
	  	 	1,287.00	  	  	 rent
	  	 	1,295.00	  	  	 	0.00	  	  	 	0.00	  	  	3/8/2012	  	8/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,295.00	  	  				  				  		  		  		  			
	 2426
	  	isles	  	 	813	  	  	t0342128	  	 Sylvia Guidarini
	  	 	1,337.00	  	  	 park

rent
 park
	  	 
 
 	50.00
1,164.00
-25.00	  
  
  	  	 	300.00	  	  	 	0.00	  	  	3/15/2007	  	4/22/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,189.00	  	  				  				  		  		  		  			

  
 Page 17 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	  Resident
  Deposit	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2427
	  	isles	  	 	813	  	  	t0342257	  	 Marriott Execustay
	  	 	1,302.00	  	  	 rent
	  	 	1,157.00	  	  	 	0.00	  	  	 	0.00	  	  	2/20/2008	  	5/27/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,157.00	  	  				  				  		  		  		  			
	 2428
	  	mitchell	  	 	1,012	  	  	t0342624	  	 Ryan Trask
	  	 	1,407.00	  	  	 storage

rent
	  	 
 	20.00
1,149.00	  
  	  	 	99.00	  	  	 	0.00	  	  	2/28/2010	  	3/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,169.00	  	  				  				  		  		  		  			
	 2429
	  	loring	  	 	980	  	  	t0342835	  	 Lori Wermerskirchen
	  	 	1,387.00	  	  	 storage

storage
 rent
	  	 
  
 
	40.00
 -5.00
1,376.00
	  
   
  
	  	 	99.00	  	  	 	0.00	  	  	9/20/2010	  	8/26/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,411.00	  	  				  				  		  		  		  			
	 2430
	  	mitchell	  	 	1,012	  	  	t0342758	  	 Nathan Hubert
	  	 	1,442.00	  	  	 rent

park
 park
	  	 
 
  
	1,275.00
50.00
 -50.00
	  
  
   
	  	 	299.00	  	  	 	0.00	  	  	2/1/2011	  	2/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,275.00	  	  				  				  		  		  		  			
	 2431
	  	nokomis	  	 	1,164	  	  	VACANT	  	 VACANT
	  	 	1,535.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2432
	  	isles	  	 	813	  	  	t0350094	  	 Jill Doxsie
	  	 	1,252.00	  	  	 rent
	  	 	1,174.00	  	  	 	600.00	  	  	 	0.00	  	  	12/10/2011	  	6/18/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,174.00	  	  				  				  		  		  		  			
	 2433
	  	staring	  	 	1,198	  	  	t0358469	  	 Maria Mercer
	  	 	1,435.00	  	  	 storage

storage
 park

park
 rent
	  	 
 
  
 
 
	40.00
40.00
 -50.00
50.00
1,299.00
	  
  

  
  
  
	  	 	0.00	  	  	 	0.00	  	  	8/25/2012	  	8/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,379.00	  	  				  				  		  		  		  			
	 2434
	  	staring	  	 	1,198	  	  	t0359598	  	 Fabio Pozzo
	  	 	1,485.00	  	  	 rent 

conc
	  	 
  
	1,415.00
 -80.48
	  
   
	  	 	0.00	  	  	 	0.00	  	  	10/25/2012	  	9/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	    1,334.52	  	  				  				  		  		  		  			
	 2435
	  	nokomis	  	 	1,164	  	  	VACANT	  	 VACANT
	  	 	1,570.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  		  		  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2436
	  	mitchell	  	 	1,012	  	  	t0347592	  	 Corporate Oakwood Housing
	  	 	1,442.00	  	  	 rent
	  	 	1,535.00	  	  	 	300.00	  	  	 	0.00	  	  	8/8/2011	  	2/13/2013	  		  	 	-32.73	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,535.00	  	  				  				  		  		  		  			
	 2437
	  	harriett	  	 	788	  	  	t0355853	  	 Lauren Simmons
	  	 	1,237.00	  	  	 rent
	  	 	1,170.00	  	  	 	1,170.00	  	  	 	0.00	  	  	7/7/2012	  	7/6/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,170.00	  	  				  				  		  		  		  			
	 2438
	  	harriett	  	 	788	  	  	t0342229	  	 Robert Simonson
	  	 	1,237.00	  	  	 storage

rent
	  	 
 	20.00
1,310.00	  
  	  	 	300.00	  	  	 	0.00	  	  	1/15/2008	  	5/15/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,330.00	  	  				  				  		  		  		  			

  
 Page 18 

 

																																							
	 Unit     
	  	  Unit type  	  	 Unit

  Sq Ft  
	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Current/Notice Residents
	  				  		  				  				  				  		  		  		  			
	 2439
	  	loring	  	 	980	  	  	t0342661	  	 Takashi Kitamura
	  	 	1,387.00	  	  	 rent
	  	 	        1,290.00	  	  	 	99.00	  	  	 	0.00	  	  	5/26/2010	  	6/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,290.00	  	  				  				  		  		  		  			
	 2440
	  	calhoun	  	 	726	  	  	t0352104	  	 Carrie Morgenthaler
	  	 	1,137.00	  	  	 rent
	  	 	1,030.00	  	  	 	0.00	  	  	 	0.00	  	  	2/8/2012	  	2/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,030.00	  	  				  				  		  		  		  			
	 2441
	  	harriett	  	 	788	  	  	t0345546	  	 Denise Smith
	  	 	1,202.00	  	  	 rent
	  	 	1,196.00	  	  	 	99.00	  	  	 	0.00	  	  	8/5/2011	  	8/4/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,196.00	  	  				  				  		  		  		  			
	 2442
	  	isles	  	 	813	  	  	t0342590	  	 Marriott Execustay
	  	 	1,252.00	  	  	 rent
	  	 	1,107.00	  	  	 	0.00	  	  	 	0.00	  	  	12/11/2009	  	5/27/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,107.00	  	  				  				  		  		  		  			
	 2443
	  	nokomis	  	 	1,164	  	  	t0354676	  	 Corporate Creative Housing Solutions
	  	 	1,535.00	  	  	 rent
	  	 	1,465.00	  	  	 	0.00	  	  	 	0.00	  	  	4/8/2012	  	4/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,465.00	  	  				  				  		  		  		  			
	 2444
	  	vermilli	  	 	1,295	  	  	t0353781	  	 Creative Housing Solutions
	  	 	1,760.00	  	  	 rent

petrent
 petrent
	  	 
 
  
	1,740.00
20.00
 20.00
	  
  
   
	  	 	0.00	  	  	 	0.00	  	  	3/5/2012	  	9/4/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,780.00	  	  				  				  		  		  		  			
	 2445
	  	mitchell	  	 	1,012	  	  	t0342603	  	 Darin Boe
	  	 	1,407.00	  	  	 rent

petrent
	  	 
  
	1,060.00
 20.00
	  
   
	  	 	500.00	  	  	 	0.00	  	  	1/25/2010	  	3/19/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,080.00	  	  				  				  		  		  		  			
	 2446
	  	harriett	  	 	788	  	  	t0358587	  	 Vaibhao Puranik
	  	 	1,202.00	  	  	 rent
	  	 	1,170.00	  	  	 	0.00	  	  	 	0.00	  	  	8/21/2012	  	5/20/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,170.00	  	  				  				  		  		  		  			
	 2447
	  	staring	  	 	1,198	  	  	t0344277	  	 Creative Housing Solutions
	  	 	1,470.00	  	  	 rent
	  	 	1,685.00	  	  	 	0.00	  	  	 	0.00	  	  	5/6/2011	  	7/23/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,685.00	  	  				  				  		  		  		  			
	 2448
	  	nokomis	  	 	1,164	  	  	t0356783	  	 Creative Housing Solutions
	  	 	1,570.00	  	  	 rent
	  	 	1.625.00	  	  	 	0.00	  	  	 	0.00	  	  	6/26/2012	  	6/25/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,625.00	  	  				  				  		  		  		  			
	 2449
	  	harriett	  	 	788	  	  	t0348721	  	 Deanna Leverson
	  	 	1,237.00	  	  	 rent
	  	 	1,190.00	  	  	 	300.00	  	  	 	0.00	  	  	9/1/2011	  	8/27/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,190.00	  	  				  				  		  		  		  			
	 2450
	  	isles	  	 	813	  	  	t0350083	  	 Pat Basu
	  	 	1,287.00	  	  	 rent
	  	 	1,493.00	  	  	 	300.00	  	  	 	0.00	  	  	10/29/2011	  	1/28/2013	  		  	 	-869.52	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,493.00	  	  				  				  		  		  		  			
	 2451
	  	loring	  	 	980	  	  	t0347931	  	 Marriott Execustay
	  	 	1,387.00	  	  	 rent
	  	 	1,446.00	  	  	 	0.00	  	  	 	0.00	  	  	8/11/2011	  	5/10/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,446.00	  	  				  				  		  		  		  			
	 2452
	  	mitchell	  	 	1,012	  	  	t0343639	  	 Charles Layman
	  	 	1,442.00	  	  	 storage

rent
	  	 
  
	30.00
 1,388.00
	  
   
	  	 	99.00	  	  	 	0.00	  	  	7/8/2011	  	6/24/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	1,418.00	  	  				  				  		  		  		  			

  
 Page 19 

 

																																							
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	 	  	  Resident  	  	   Name
	  	   Market

Rent
	 	  	 Charge    

Code
	  	Amount	 	  	   Resident

  Deposit
	 	  	   Other  

  Deposit  
	 	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  	 
										
	 Future Residents/Applicants
	  				  		  				  				  				  		  		  		  			
	 2124
	  	isles	  	 	813	  	  	t0360071	  	 Victor Aloysius Lam
	  	 	1,237.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	12/1/2012	  	9/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2137
	  	harriett	  	 	788	  	  	t0359994	  	 Nabil Usmani
	  	 	1,237.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	12/8/2012	  	10/7/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2213
	  	vermilli	  	 	1,295	  	  	t0359713	  	 Chris Watts
	  	 	1,695.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	1/1/2013	  	12/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2219
	  	isles	  	 	813	  	  	t0359785	  	 Manish Mohan
	  	 	1,327.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	12/21/2012	  	10/20/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2224
	  	isles	  	 	813	  	  	t0359985	  	 Matt Parrington
	  	 	1,337.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	12/1/2012	  	5/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2309
	  	staring	  	 	1,198	  	  	t0359572	  	 Chris Astor
	  	 	1,435.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	11/30/2012	  	10/29/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2325
	  	isles	  	 	813	  	  	t0360073	  	 Matthew Mayben
	  	 	1,287.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	12/1/2012	  	5/31/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
	 2410
	  	nokomis	  	 	1,164	  	  	t0360056	  	 Alexandra Johnson
	  	 	1,535.00	  	  		  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	12/1/2012	  	9/30/2013	  		  	 	0.00	  
		  		  				  		  		  				  		  	  
	  
	 	  				  				  		  		  		  			
		  		  				  		  		  				  	 Total
	  	 	0.00	  	  				  				  		  		  		  			
		  		  				  		  		  				  		  				  				  				  		  		  		  			
	  	  	 Square

Footage
	  	 Market

Rent
	 	  	 Lease

Charges
	  	 Security

Deposit
	 	  	 Other

Deposit
	 	  	 # of

Units
	 	  	  	  	 Unit

Occupancy
	  	 SqFt

Occupancy
	  	Balance	 
	 										 
	 Current/Notice Res.
	  		  				  	296,200.73	  	 	38,635.00	  	  	 	0.00	  	  				  		  		  		  	 	-6,065.51	  
	 Future Residents/Applicants
	  		  				  	0.00	  	 	0.00	  	  	 	0.00	  	  				  		  		  		  	 	0.00	  
	 										 
	 Occupied Units
	  	 203,257.00
	  	 	307,331.75	  	  		  				  				  	 	214	  	  		  	93.04	  	92.93	  			 
	 Total Non Rev Units
	  	 0.00
	  	 	0.00	  	  		  				  				  	 	0	  	  		  	0.00	  	0.00	  			 
	 Vacant Units
	  	 15,453.00
	  	 	22,350.00	  	  		  				  				  	 	16	  	  		  	6.96	  	7.07	  			 
	 	  		  				  		  		  				  		  				  				  				  		  		  		  			 
	 	 	 	 	 	 	 	 	 	 	 
	 Totals:
	  	 218,710.00
	  	 	329,681.75	  	  	 296,200.73
	  	 	38,635.00	  	  	 	0.00	  	  	 	230	  	  		  	100.00	  	100.00	  	 	-6,065.51	  
	 	  	    	  	 	 	 	  	 	  	 	  	 	 	 	  	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	  	 	  	 	  	 	 	 
								
	    Summary of Charges by Charge Code (Current/Notice residents only)
	  				  				  				  		  		  		  			
														
		  	 conc
	  				  	-80.48	  		  				  		  				  				  				  		  		  		  			
														
		  	 park
	  				  	375.00	  		  				  		  				  				  				  		  		  		  			
														
		  	 petfee
	  				  	200.00	  		  				  		  				  				  				  		  		  		  			

  
 Page 20 

 

																											
	 Unit    
	  	  Unit type  	  	Unit
  Sq Ft  	  	  Resident  	  	   Name
	  	   Market

Rent
	  	 Charge    

Code
	  	Amount	  	   Resident

  Deposit
	  	   Other  

  Deposit  
	  	  Move In  	  	 Lease

  Expiration  
	  	  Move-Out  	  	  Balance  
														
		  	 petrent
	  		  	1,140.00                	  		  		  		  		  		  		  		  		  		  	
														
		  	 rent
	  		  	291,054.17                	  		  		  		  		  		  		  		  		  		  	
														
		  	 sromark
	  		  	2,312.04                	  		  		  		  		  		  		  		  		  		  	
														
		  	 storage
	  		  	1,200.00                	  		  		  		  		  		  		  		  		  		  	
		  		  		  	                          
    	  		  		  		  		  		  		  		  		  		  	
		  	 Total
	  		  	296,200.73

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}]]