Description of Properties. Set forth below is a table showing the location, the date of purchase, the nature of the Partnership's ownership interest in and the use of each of the Partnership's properties. DATE OF PROPERTY PURCHASE TYPE OF OWNERSHIP USE -------- -------- ----------------- --- Carlin Manor Apartments 11/87 Fee ownership Residential Apartments Columbus, Ohio (subject to first mortgage) (278 units) ▇▇▇▇ Club Apartments 05/87 Fee ownership Residential Apartments Indianapolis, Indiana (subject to first mortgage) (200 units) Shadow Brook Apartments 05/87 Fee ownership Residential Apartments West Valley City, Utah (subject to first mortgage) (300 units) Accumulated Depreciation Schedule. Set forth below is a table showing the gross carrying value, accumulated depreciation and federal tax basis of each of the Partnership's properties as of December 31, 1996 ($ amounts in thousands). GROSS CARRYING ACCUMULATED FEDERAL PROPERTY VALUE DEPRECIATION RATE METHOD TAX BASIS ---------- -------------- ------------- ---------- ----------- ----------- Carlin Manor Apartments $ 6,561 $ 3,307 5-30 yrs. S/L $ 5,471 ▇▇▇▇ Club Apartments 6,796 3,239 5-30 yrs. S/L 4,309 Shadow Brook Apartments 10,197 3,457 5-30 yrs. S/L 6,692 -------- ---------- ---------- TOTALS $ 23,554 $ 10,003 $ 16,472 ======== ========== ========== Schedule of Mortgages. Set forth below is a table showing certain information regarding the outstanding mortgages encumbering each of the Partnership's properties as of December 31, 1996 ($ amounts in thousands). PRINCIPAL PRINCIPAL BALANCE AT STATED BALANCE DECEMBER 31, INTEREST PERIOD MATURITY DUE AT PROPERTY 1996 RATE AMORTIZED DATE MATURITY ---------- --------------- ---------- ------------ ------------ ----------- Carlin Manor Apartments $ 2,500 7.33% (a) 11/2003 $ 2,500 ▇▇▇▇ Club Apartments 3,850 8.30% 20 yrs. 10/2000 3,575 Shadow Brook Apartments 6,000 7.33% (a) 11/2003 6,000 -------- ------------ TOTALS $ 12,350 $ 12,075 ======== ============
Appears in 1 contract
Description of Properties. Set forth below is a table showing the location, the date of purchase, the nature of the Partnership's ownership interest in and the use of each of the Partnership's properties. DATE OF PROPERTY PURCHASE TYPE OF OWNERSHIP USE ----------------------------- -------- -------- ----------------- --- Carlin ----------------------------- ------------------------- Marlin Manor Apartments ▇▇▇▇▇▇▇▇▇▇ 11/87 Fee ownership Residential Apartments Columbus, Ohio (subject to first mortgage) (278 units) Hunt Club Apa▇▇▇▇ Club Apartments ▇nts 05/87 Fee ownership Residential Apartments Indianapolis, Indiana (subject to first mortgage) (200 units) Shadow Brook Apartments 05/87 Fee ownership Residential Apartments West Valley City, Utah (subject to first mortgage) (300 units) Accumulated Depreciation Schedule. Set forth below is a table showing the gross carrying value, accumulated depreciation and federal tax basis of each of the Partnership's properties as of December 31, 1996 ($ amounts in thousands). GROSS CARRYING ACCUMULATED FEDERAL PROPERTY VALUE DEPRECIATION RATE METHOD TAX BASIS ---------- ----------------------------------- -------------- ------------- ---------- ----------- ----------- Carlin Manor Apartments $ 6,561 $ 3,307 5-30 yrs. S/L $ 5,471 Hunt Club Apa▇▇▇▇ Club Apartments ▇nts 6,796 3,239 5-30 yrs. S/L 4,309 Shadow Brook Apartments 10,197 3,457 5-30 yrs. S/L 6,692 -------- ---------- ---------- TOTALS $ 23,554 $ 10,003 $ 16,472 ======== ========== ========== Schedule of Mortgages. Set forth below is a table showing certain information regarding the outstanding mortgages encumbering each of the Partnership's properties as of December 31, 1996 ($ amounts in thousands). PRINCIPAL PRINCIPAL BALANCE AT STATED BALANCE DECEMBER 31, INTEREST PERIOD MATURITY DUE AT PROPERTY 1996 RATE AMORTIZED DATE MATURITY ---------- ---------------------------------- --------------- ---------- ------------ ------------ ----------- Carlin Manor Apartments $ 2,500 7.33% (a) 11/2003 $ 2,500 Hunt Club Apa▇▇▇▇ Club Apartments ▇nts 3,850 8.30% 20 yrs. 10/2000 3,575 Shadow Brook Apartments 6,000 7.33% (a) 11/2003 6,000 -------- ------------ TOTALS $ 12,350 $ 12,075 ======== ============
Appears in 1 contract