donald c. kendig, cpa fcera realty group llc agent 7778 n
TRANSCRIPT
Donald C. Kendig, CPA FCERA Realty Group LLC Agent 7778 N Palm Ave Fresno, CA 93721
BOARD AGENDA LETTER DATE: May 2, 2018 TO: Board of Retirement as Sole Member, FCERA Realty Group LLC FROM: Donald C. Kendig, CPA, Agent SUBJECT: Consideration of Property Management Proposal for FCERA Offices located at
7772 and 7778 and Authorization for the Retirement Administrator to Execute and Agreement with Dana Butcher Associates Once Reviewed and Approved by Board Counsel – APPROPRIATE ACTION
Recommended Action
1. If the Board wishes to contract with a professional property management company outsourcing FCERA’s management of the offices, staff recommends approval of the attached property management proposal and the authorization of the Retirement Administrator to execute an agreement with Dana Butcher Associates once the agreement has been reviewed and approved by Board Counsel.
Alternative Recommendation 1. If the Board does not wish to contract with a professional property management company
outsourcing FCERA’s management of the offices, staff recommends working with Fresno County Facilities for the majority of FCERA’s facility needs leaving it to the discretion of staff to determine whether or not to contract directly with a particular facilities maintenance trade.
Fiscal and Financial Impacts Approval of the recommended action would guarantee an additional cost of $900 a month ($10,800 per year) for facilities costs, of which a portion, if not all could be offset by the efficient selection of cost effective service providers and the prevention of any potential costly deferred maintenance items, preserving the value of the asset. The amount of potential savings is not guaranteed or easily estimated.
Consideration of Property Management Proposal for FCERA Offices located at 7772 and 7778 Page 2
Background & Discussion FCERA Realty Group LLC obtained a competitive proposal from Dana Butcher Associates to manage the 7766 N Palm Avenue Building through a public RFP process. During a discussion of the management services to be provided Dana Butcher, staff explored if it would be possible to separately manager the other two buildings, that are anticipated to be transferred back to FCERA, and how much that would cost. Staff received a cost of $900 per month and, during the quarterly LLC financial report during the April 4, 2018 Board meeting, communicated that there was an opportunity to have the properties managed professionally, even after transfer back to FCERA, if the Board chose to do so. The Board expressed interest in pursuing professional property management and directed staff to return with a proposal at the next meeting. The attached proposal is provided for the Board’s review. If the Board wishes to contract with a professional property management company outsourcing FCERA’s management of the offices, staff recommends approval of the attached property management proposal and the authorization of the Retirement Administrator to execute an agreement with Dana Butcher Associates once the agreement has been reviewed and approved by Board Counsel. The LLC would execute the agreement and would then assign the agreement to FCERA, if the properties located at 7772 and 7778 N Palm are transferred to FCERA. The contract would be drafted such that it could be transferred and ultimately canceled, if the Board felt that the services provided were not worth the additional cost. Attachment
1. Property Management Proposal by Dana Butcher Associates
MANAGEMENT PROPOSAL
FOR
DON KENDIG
FRESNO COUNTY EMPLOYEES’
RETIRMENT ASSOCIATION
(FCERA)
PREPARED BY:
DANA BUTCHER ASSOCIATES
TABLE OF CONTENTS
PROPOSAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 REFERENCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 QUALIFICATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 SAMPLE MONTHLY REPORT……………………….. 4 PHOTOS OF MANAGED PROPERTIES . . . . . . . . . . . 5
1
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DANA BUTCHER ASSOCIATES COMMERCIAL REFERENCES
PROPERTY OWNERS PROPERTY Blair Pence Multiple Office Buildings Pence Investment Corp. (310) 555-6414 ext. 105 Eldora Rossi Office Building (559) 275-2041 Clovis, CA Vic Roznovsky Craycroft Park Spano Trust 6535-6495 N. Palm (559) 435-5100 1060-1080 W. Sierra Fresno, CA John Travis Shaw Commerce Center East Group Properties 4055,4057,4065,4069 W. Shaw Ave. (602) 840-8600 4603 N. Brawley
Fresno, CA Patricia Macartney (Previous Client) The Virginia Hotel–Office Complex AmericanWest Bank Fresno, CA (541) 282-5156 Eric Wilkins (Previous Client) Multiple Medical/Office Buildings Wilkins Enterprises Fresno, CA (559) 439-9200 Tom Anderson Premiere Plaza A. T. Investments IV S/W Corner First & Nees (559) 437-1303 Fresno, CA Kevin Tweed Tulare Pavilion Shopping Center A.T. Investments IV 1531-1565 N. Hillman (559) 229-4444 Tulare, CA
Jerry Cook (Previous Client) 2773 N. Business Park Dr., Fresno Cook Land Company 5856 E. Brown, Fresno, CA (831) 687-0900 5823 E. Princeton, Fresno, CA Frank Gong First/Bullard Shopping Center Gong, Young Inc. Bullard Fair Shopping Center (559) 439-6760 Fresno, CA Casey Abe Trading Post Shopping Center Rich Development Enterprises, LLC Clovis, CA (310) 547-3326
DANA BUTCHER ASSOCIATES BROKER REFERENCES
BROKERS COMPANY & DIVISION Phil Sousa Newmark Grubb Pearson Commercial Senior Vice President Office Division (559) 447-6283 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #00853867 Fresno CA 93711 [email protected] Jeremy Reed Newmark Grubb Pearson Commercial Senior Vice President Office Division (559) 447-6285 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #01203327 Fresno CA 93711 [email protected] John Lee Retail California Vice President Retail Division (559) 447-6257 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #01406883 Fresno, CA 93711 [email protected] Lewis Smith Retail California Senior Vice President Retail Division (559) 447-6235 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #01214178 Fresno, CA 93711 [email protected] Steve Rontell Colliers International Senior Vice President | Principal Retail Properties Group (559) 221-1271 ext. 113 7485 North Palm Avenue, Suite 110 BRE License #00932510 Fresno, CA 93711 [email protected] Brett Vincintainer Newmark Grubb Pearson Commercial Vice President 7480 N. Palm Avenue, Suite 101 (559) 447-6265 Fresno, CA 93711 BRE License #01792092 [email protected]
Brandon Lamonica Fortune Associates Vice President Office Division (559) 490-2500 ext. 114 680 W. Shaw Avenue, Suite 200 BRE License #01317857 Fresno, CA 93704 [email protected]
DANA BUTCHER ASSOCIATES BROKER REFERENCES
Patric Davis Colliers International Vice President Retail Division (925) 227-6219 Direct Line 3825 Hopyard Road, Suite 195 BRE License #01193278 Pleasanton, CA 94588 [email protected] Scott Carruth CBRE Vice President Retail Division (916) 446-8717 Direct Line 555 Capitol Mall, Suite 100 BRE License #01372285 Sacramento, CA 95814 [email protected]
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DANA BUTCHER ASSOCIATES A California Corporation
PRINCIPAL: Dana Butcher, President
Certified Property Manager 1690 W. Shaw Avenue, Suite #220 Fresno, CA 93711 (559) 446-2001 BUSINESS HISTORY: 1986 - Established Dana Butcher Associates, a full service
Property Management Company specializing in Commercial Property Management; Retail, Office Buildings, Industrial and Commercial Associations.
Our management portfolio includes the following (located from The Inland Empire and High Desert to Sacramento and the Bay Area):
A) 66 shopping and strip centers totaling 2,581,171 square feet B) 55 office buildings totaling 1,346,267 square feet C) 5 industrial centers totaling 560,689 square feet D) 11 commercial owners associations
We employ 14 full-time office staff including, three licensed Property Supervisors, two licensed Assistant Property Supervisors and eight support personnel.
AFFILIATIONS: Licensed Real Estate Brokerage Firm Member – California Association of Realtors Member - National Association of Realtors
IREM – San Joaquin Chapter #85, Certified Property Manager Member – Fresno Area Chamber of Commerce Member – Fresno Better Business Bureau
4
760
SAVINGS BALANCE FORWARD -$
CHECKING BALANCE FORWARD 280,513.42
CASH BALANCE FORWARD 280,513.42
RENT INCOME 38,992.50
CAM REIMBURSEMENT 13,392.13
DEPOSIT INCOME (1,800.00)
INTEREST INCOME 0.00
MISCELLANEOUS INCOME 0.00
TOTAL INCOME 50,584.63
OPERATING EXPENSES 37,900.66
DEBT SERVICE 0.00
TOTAL EXPENSES 37,900.66
NET CHANGE 12,683.97
FUNDS TO OWNER (20,000.00)
FUNDS FROM OWNER 0.00
NOTE PAYABLE (RECEIVABLE) 0.00
PREPAID RENTS (9.32)
DEPOSIT IN TRANSIT 0.00
FUNDS TO (FROM) SAVINGS 0.00
FUNDS TO (FROM) CHECKING (7,325.35)
CASH AVAILABLE IN SAVINGS -$
CASH AVAILABLE IN CHECKING 273,188.07
LESS PREPAID RENT BALANCE (3,267.96)
AVAILABLE CASH 269,920.11$
OCTOBER 2016
SHOPPING CENTER
SAMPLE FINANCIAL POSITION REPORT
760
<-------- CURRENT -------> <-------- YEAR TO DATE ------->
BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE
INCOME
RENT INCOME 36,396.91$ 38,992.50$ 2,595.59$ 433,863.10$ 470,831.61$ 36,968.51$
TI RENT INCOME 0.00 0.00 0.00 0.00 0.00 0.00
C.A.M. REIMBURSEMENT 12,725.59 13,547.15 821.56 127,255.90 127,534.51 278.61
PRIOR YEAR C.A.M. RECONCILIATION 0.00 (155.02) (155.02) 0.00 285.83 285.83
DEPOSIT INCOME 0.00 (1,800.00) (1,800.00) 0.00 (381.50) (381.50)
INTEREST INCOME 0.00 0.00 0.00 0.00 0.00 0.00
MISC INCOME 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL INCOME 49,122.50 50,584.63 1,462.13 561,119.00 598,270.45 37,151.45
EXPENSES
ADMINISTRATIVE
ADVERTISING 0.00 0.00 0.00 0.00 0.00 0.00
LEGAL & ACCOUNTING 0.00 8,500.00 (8,500.00) 5,750.00 25,340.00 (19,590.00)
PROFESSIONAL SERVICES 0.00 0.00 0.00 0.00 4,977.66 (4,977.66)
LEASING FEES 0.00 2,100.00 (2,100.00) 2,000.00 15,722.24 (13,722.24)
DUES & SUBSCRIPTIONS 0.00 0.00 0.00 0.00 0.00 0.00
BANK CHARGES 16.00 20.95 (4.95) 160.00 156.61 3.39
LOAN FEES 0.00 0.00 0.00 0.00 0.00 0.00
OFFICE SUPPLIES 0.00 0.00 0.00 0.00 0.00 0.00
MANAGEMENT FEES 2,000.00 1,938.53 61.47 20,000.00 23,962.46 (3,962.46)
MISC-ADMIN 0.00 0.00 0.00 10,535.00 35.75 10,499.25
TOTAL ADMIN EXP 2,016.00 12,559.48 (10,543.48) 38,445.00 70,194.72 (31,749.72)
TAXES & INSURANCE
INSURANCE 772.33 7,451.00 (6,678.67) 7,723.30 7,451.00 272.30
PROPERTY TAX 0.00 0.00 0.00 15,472.39 15,472.39 0.00
BUSINESS TAX/LICENSE 307.00 349.00 (42.00) 614.00 656.00 (42.00)
TOTAL TAXES & INS EXP 1,079.33 7,800.00 (6,720.67) 23,809.69 23,579.39 230.30
UTILITIES
ELECTRIC/GAS 900.00 878.00 22.00 8,100.00 8,762.23 (662.23)
WATER 440.00 608.51 (168.51) 4,400.00 4,091.82 308.18
IRRIGATION WATER 0.00 0.00 0.00 0.00 0.00 0.00
SEWER 583.33 0.00 583.33 5,833.30 5,568.94 264.36
TRASH REMOVAL 1,770.00 1,769.60 0.40 17,700.00 17,696.00 4.00
UTILITY DEPOSIT 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL UTIL EXP 3,693.33 3,256.11 437.22 36,033.30 36,118.99 (85.69)
SHOPPING CENTER
INCOME & EXPENSE STATEMENT
OCTOBER 2016
760
<-------- CURRENT -------> <-------- YEAR TO DATE ------->
BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE
MAINTENANCE SERVICES
SECURITY 2,200.00 4,728.72 (2,528.72) 22,000.00 29,326.62 (7,326.62)
FIRE ALARM.MONITORING 0.00 0.00 0.00 0.00 0.00 0.00
RESTROOM CAM 75.00 337.15 (262.15) 750.00 1,037.84 (287.84)
JANITORIAL SERVICE-INT 275.00 0.00 275.00 2,750.00 2,475.00 275.00
JANITORIAL SERVICE-EXT 120.00 130.00 (10.00) 1,200.00 1,210.00 (10.00)
JANITORIAL SUPPLIES 58.33 0.00 58.33 583.30 463.71 119.59
TREE TRIMMING 0.00 2,900.00 (2,900.00) 3,500.00 2,900.00 600.00
LANDSCAPE UPGRADES 0.00 0.00 0.00 2,000.00 0.00 2,000.00
GARDENING SERVICES 770.00 770.00 0.00 7,700.00 6,160.00 1,540.00
GARDENING SUPPLIES 250.00 0.00 250.00 2,500.00 1,033.50 1,466.50
IRRIGATION REPAIRS 33.33 0.00 33.33 333.30 94.75 238.55
LOT SWEEPING 278.00 278.00 0.00 2,780.00 2,780.00 0.00
LOT SEALING/STRIPING 0.00 0.00 0.00 700.00 1,250.00 (550.00)
PRESSURE WASHING 0.00 0.00 0.00 675.00 875.00 (200.00)
HVAC 0.00 45.49 (45.49) 0.00 140.27 (140.27)
PEST CONTROL 75.00 150.00 (75.00) 750.00 750.00 0.00
ROOFING 500.00 0.00 500.00 700.00 0.00 700.00
ELECTRICAL/LIGHTING 150.00 0.00 150.00 1,500.00 4,117.87 (2,617.87)
ELEVATOR MAINTENANCE 0.00 0.00 0.00 0.00 0.00 0.00
GENERAL MAINTENANCE 500.00 4,945.71 (4,445.71) 5,750.00 14,374.21 (8,624.21)
TOTAL MAINT EXP 5,284.66 14,285.07 (9,000.41) 56,171.60 68,988.77 (12,817.17)
NON-COMMON AREA MAINT EXPENSES
NON-RECOVERABLE EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00
NRE-VACANT SPACE 0.00 0.00 0.00 0.00 427.01 (427.01)
NRE-TENANT SPECIFIC EXP 0.00 0.00 0.00 0.00 19,413.75 (19,413.75)
REIMBURSEABLE TENANT EXP 0.00 0.00 0.00 0.00 0.00 0.00
NRE-LEGAL & PROFESSIONAL FEES 0.00 0.00 0.00 0.00 0.00 0.00
NRE-UTILITIES EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00
NRE-MANAGEMENT FEES 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL NON-COMMON AREA MAINT EXP 0.00 0.00 0.00 0.00 19,840.76 (19,840.76)
IMPROVEMENTS
TENANT IMPROVEMENTS 0.00 0.00 0.00 22,480.00 29,233.00 (6,753.00)
CAPITAL IMPROVEMENTS 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL IMPROVEMENTS 0.00 0.00 0.00 22,480.00 29,233.00 (6,753.00)
TOTAL EXPENSES 12,073.32 37,900.66 (25,827.34) 176,939.59 247,955.63 (71,016.04)
TOTAL NET OPERATING INCOME 37,049.18 12,683.97 (24,365.21) 384,179.41 350,314.82 (33,864.59)
DEBT SERVICE
GROUND LEASE 0.00 0.00 0.00 0.00 0.00 0.00
MORTGAGE PRINCIPAL & INTEREST 0.00 0.00 0.00 0.00 0.00 0.00
SOLAR NOTE PAYMENT 0.00 0.00 0.00 0.00 0.00 0.00
MORTAGE PRINCIPAL-LN #1 0.00 0.00 0.00 0.00 0.00 0.00
MORTAGE PRINCIPAL-LN #2 0.00 0.00 0.00 0.00 0.00 0.00
MORTGAGE INTEREST-#1 0.00 0.00 0.00 0.00 0.00 0.00
MORTGAGE INTEREST-#2 0.00 0.00 0.00 0.00 0.00 0.00
RESERVE IMPOUNDS 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL INCOME (LOSS) 37,049.18$ 12,683.97$ (24,365.21)$ 384,179.41$ 350,314.82$ (33,864.59)$
SHOPPING CENTER
INCOME & EXPENSE STATEMENT
OCTOBER 2016
DANA BUTCHER ASSOCIATES
Journal Transaction Listing by Journal, Transaction No.
DescriptionJrnl Debit CreditTran Ref
REPORTS Page 1 of 1
8:37:10AM
User:
11/4/2016
GL Acct Date
JE - JOURNAL ENTRY
Property Number: 760
Historical Transactions From 10/01/2016 to 10/31/2016
196 JE 10/18/2016 10/18/16 BANK FEE 1016 1112-0000 20.95
197 JE 10/18/2016 10/18/16 BANK FEE 1016 5175-0000 20.95
20.95 20.95
6,287.00Hash Total
In Balance
DANA BUTCHER ASSOCIATESREPORTS
10/28/2016User: Page 1 of 3
9:37:17AM
Unit
Reference
Number
Deposits
Held
Lease Exp
Date
Lease
Starting
Date
Rent Per
Square
Feet
Square
Feet
Monthly
Rent
Occupant
Name
Property: SHOPPING CENTER
Rent Roll Report
760-1724 4,603.7512/31/201610/01/20113,683 15.91/yr
1.33/mth
4,884.12TENANT 1
760-1732 5,000.00 6/30/2019 4/01/20163,880 14.40/yr
1.20/mth
4,656.00TENANT 2
760-1736 854.00 2/28/201810/05/1977620 11.63/yr
0.97/mth
601.00TENANT 3
760-1738 630.0011/30/202012/01/2015600 12.60/yr
1.05/mth
630.00TENANT 4
760-1740 1,700.00 6/30/2019 4/01/20161,640 10.80/yr
0.90/mth
1,476.00TENANT 5
760-1744 945.00 8/31/201912/01/19891,050 12.00/yr
1.00/mth
1,050.00TENANT 6
760-1748 0.00 8/31/2019 7/15/20161,050 12.00/yr
1.00/mth
1,050.00TENANT 7
760-1752 2,058.00 8/31/2018 8/01/20032,100 13.80/yr
1.15/mth
2,415.00TENANT 8
760-1756 0.00 8/31/2017 4/01/20141,400 12.60/yr
1.05/mth
1,470.00TENANT 9
760-1760 3,080.00 8/31/2017 9/06/20122,800 13.80/yr
1.15/mth
3,220.00TENANT 10
760-1764 1,155.00 2/28/2020 4/01/20101,050 13.20/yr
1.10/mth
1,155.00TENANT 11
760-1766 1,102.00 2/28/2020 3/01/20151,050 13.20/yr
1.10/mth
1,155.00TENANT 12
760-1772 1,102.50 8/31/2017 9/01/19772,532 12.60/yr
1.05/mth
2,658.60TENANT 13
760-1776 882.0010/31/2030 7/01/20072,368 15.00/yr
1.25/mth
2,960.00TENANT 14
760-1778 2,100.00 7/31/2020 7/15/20062,100 13.20/yr
1.10/mth
2,310.00TENANT 15
760-1784 0.0012/31/202610/01/19964,000 19.93/yr
1.66/mth
6,642.32TENANT 16
760-1798 0.00 140 0.00/yr
0.00/mth
0.00VACANT
760-1724P 0.0012/31/201610/01/2011672 9.01/yr
0.75/mth
504.44TENANT 17
760-1784P 0.0012/31/202610/01/1996891 0.00/yr
0.00/mth
0.00TENANT 18
DANA BUTCHER ASSOCIATESREPORTS
10/28/2016User: Page 2 of 3
9:37:17AM
Unit
Reference
Number
Deposits
Held
Lease Exp
Date
Lease
Starting
Date
Rent Per
Square
Feet
Square
Feet
Monthly
Rent
Occupant
Name
Property : SHOPPING CENTER
Rent Roll Report
Percentage Occupied
Total Square Footage
Total Vacant Sq. Feet
Total Occupied Sq. Feet
____ Percentage of Occupied Sq. Feet __
Percentage Occupied
Total Units
Total Vacant Units
Total Occupied Units
____Percentage of Occupied Units____
Total Security Deposits
Average Rent/Sq. Ft. /Mth
Average Rent/Sq. Ft. /Yr.
Total Square Footage
Total Gross Rents
Total Vacant Rents
Total Occupied Rents
PROPERTY TOTALS :
38,837.48
0.00
38,837.48
33,626
13.86
1.15
25,212.25
18
1
19
95%
100%
33,486
33,626
140
DANA BUTCHER ASSOCIATESREPORTS
10/28/2016User: Page 3 of 3
9:37:17AM
Unit
Reference
Number
Deposits
Held
Lease Exp
Date
Lease
Starting
Date
Rent Per
Square
Feet
Square
Feet
Monthly
Rent
Occupant
Name
Property : SHOPPING CENTER
Rent Roll Report
100%Percentage Occupied
33,626Total Square Footage
140Total Vacant Sq. Feet
33,486Total Occupied Sq. Feet
____ Percentage of Occupied Sq. Feet __
Percentage Occupied 95%
19
1
18
Total Units
Total Vacant Units
Total Occupied Units
____Percentage of Occupied Units____
25,212.25Total Security Deposits
1.15Average Rent/Sq. Ft. /Mth
13.86Average Rent/Sq. Ft. /Yr.
33,626Total Square Footage
38,837.48Total Gross Rents
0.00
38,837.48Total Occupied Rents
GRAND TOTALS :
Total Vacant Rents
10/1/2016 to 10/31/2016
SHOPPING CENTERProperty :
W. BULLARD 760
FRESNO, CA 93711
Unit Ref.
Num Suite
Name /
Chrg Description
Activity Reconciliation Report
9:26:18AM
REPORTSUser:
11/2/2016
Page 1 of 4
DANA BUTCHER ASSOCIATES
FRESNO, CA 93711
Beginning
Balance
Charges
and Adj
Payments
and Adj
Payment
Date
Ending
Balance
Deposits /
Lease Term
760-1724 TENANT 1 4,603.75
10/01/2011
0.0010/5/20161,495.23COMMON AREA MAINTENANCE 12/31/20161,495.230.00CAM
0.0010/5/20164,884.12MONTHLY RENT 4,884.120.00RNT
6,379.35 0.006,379.350.00
760-1732 TENANT 2 5,000.00
04/01/2016
0.0010/12/20161,732.72COMMON AREA MAINTENANCE 06/30/20191,732.720.00CAM
0.0010/12/20164,656.00MONTHLY RENT 4,656.000.00RNT
6,388.72 0.006,388.720.00
760-1736 TENANT 3 854.00
10/05/1977
0.0010/6/2016341.32COMMON AREA MAINTENANCE 02/28/2018341.320.00CAM
0.0010/6/2016601.00MONTHLY RENT 601.000.00RNT
942.32 0.00942.320.00
760-1738 TENANT 4 630.00
12/01/2015
0.0010/11/2016331.28COMMON AREA MAINTENANCE 11/30/2020331.280.00CAM
0.0010/11/2016630.00MONTHLY RENT 630.000.00RNT
961.28 0.00961.280.00
760-1740 TENANT 5 1,700.00
04/01/2016
0.0010/12/2016732.39COMMON AREA MAINTENANCE 06/30/2019732.390.00CAM
0.0010/12/20161,476.00MONTHLY RENT 1,476.000.00RNT
-0.4010/12/20160.00PREPAID RENT/CAM 0.400.00PPD
2,208.79 -0.402,208.390.00
760-1744 TENANT 6 945.00
12/01/1989
0.0010/11/2016426.28COMMON AREA MAINTENANCE 08/31/2019426.280.00CAM
0.0010/11/2016746.00MONTHLY RENT 1,050.00304.00RNT
1,476.28 0.001,172.28304.00
760-1748 TENANT 7 0.00
07/15/2016
0.0010/4/2016234.45COMMON AREA MAINTENANCE 08/31/2019234.450.00CAM
0.0010/4/20161,050.00MONTHLY RENT 1,050.000.00RNT
1,284.45 0.001,284.450.00
760-1752 TENANT 8 2,058.00
08/01/2003
0.0010/3/2016852.56COMMON AREA MAINTENANCE 08/31/2018852.560.00CAM
0.0010/3/20162,415.00MONTHLY RENT 2,415.000.00RNT
-3,267.5610/26/20160.00PREPAID RENT/CAM 0.00-3,267.56PPD
3,267.56 -3,267.563,267.56-3,267.56
760-1756 TENANT 9 0.00
04/01/2014
0.0010/3/2016420.00COMMON AREA MAINTENANCE 08/31/2017420.000.00CAM
0.0010/3/20161,470.00MONTHLY RENT 1,470.000.00RNT
1,890.00 0.001,890.000.00
10/1/2016 to 10/31/2016
SHOPPING CENTERProperty :
W. BULLARD 760
FRESNO, CA 93711
Unit Ref.
Num Suite
Name /
Chrg Description
Activity Reconciliation Report
9:26:18AM
REPORTSUser:
11/2/2016
Page 2 of 4
DANA BUTCHER ASSOCIATES
FRESNO, CA 93711
Beginning
Balance
Charges
and Adj
Payments
and Adj
Payment
Date
Ending
Balance
Deposits /
Lease Term
760-1760 TENANT 10 3,080.00
09/06/2012
0.0010/3/20161,136.75COMMON AREA MAINTENANCE 08/31/20171,136.750.00CAM
0.0010/3/20163,220.00MONTHLY RENT 3,220.000.00RNT
4,356.75 0.004,356.750.00
760-1764 TENANT 11 1,155.00
04/01/2010
0.0010/12/2016426.28COMMON AREA MAINTENANCE 02/28/2020426.280.00CAM
0.0010/12/20161,155.00MONTHLY RENT 1,155.000.00RNT
1,581.28 0.001,581.280.00
760-1766 TENANT 12 1,102.00
03/01/2015
0.0010/12/2016468.91COMMON AREA MAINTENANCE 02/28/2020468.910.00CAM
0.0010/12/20161,155.00MONTHLY RENT 1,155.000.00RNT
1,623.91 0.001,623.910.00
760-1772 TENANT 13 1,102.50
09/01/1977
0.0010/6/20161,027.94COMMON AREA MAINTENANCE 08/31/20171,027.940.00CAM
0.0010/6/20162,658.60MONTHLY RENT 2,658.600.00RNT
3,686.54 0.003,686.540.00
760-1776 TENANT 14 882.00
07/01/2007
0.0010/17/2016961.36COMMON AREA MAINTENANCE 10/31/2030961.360.00CAM
0.0010/17/20162,960.00MONTHLY RENT 2,960.000.00RNT
3,921.36 0.003,921.360.00
760-1778 TENANT 15 2,100.00
07/15/2006
0.0010/11/2016852.56COMMON AREA MAINTENANCE 07/31/2020852.560.00CAM
0.0010/11/20162,310.00MONTHLY RENT 2,310.000.00RNT
0.000.00PREPAID RENT/CAM -9.72-9.72PPD
3,152.84 0.003,162.56-9.72
760-1784 TENANT 16 0.00
10/01/1996
0.0010/10/20162,107.12COMMON AREA MAINTENANCE 12/31/20262,107.120.00CAM
0.0010/10/20166,642.32MONTHLY RENT 6,642.320.00RNT
8,749.44 0.008,749.440.00
760-1724P TENANT 17 0.00
10/01/2011
0.0010/5/2016504.44MONTHLY RENT 12/31/2016504.440.00RNT
504.44 0.00504.440.00
760-1740 0.00
10/01/2010Former
0.000.00ANNUAL CAM RECONCILIATIONS 09/30/2013-155.02-155.02REC
0.00-22,045.02COMMON AREA MAINTENANCE 0.0022,045.02CAM
0.00-701.58LATE CHARGE 0.00701.58LAT
0.0010/26/2016-43,840.47MONTHLY RENT 155.0243,995.49RNT
0.00-608.40TENANT BILLBACK 0.00608.40TBB
0.00 0.00-67,195.4767,195.47
FORMER TENANT
10/1/2016 to 10/31/2016
SHOPPING CENTERProperty :
W. BULLARD 760
FRESNO, CA 93711
Unit Ref.
Num Suite
Name /
Chrg Description
Activity Reconciliation Report
9:26:18AM
REPORTSUser:
11/2/2016
Page 3 of 4
DANA BUTCHER ASSOCIATES
FRESNO, CA 93711
Beginning
Balance
Charges
and Adj
Payments
and Adj
Payment
Date
Ending
Balance
Deposits /
Lease Term
760-1748 FORMER TENANT 0.00
01/01/2012Former
-104.930.00ANNUAL CAM RECONCILIATIONS 12/31/20150.00-104.93REC
1,837.350.00COMMON AREA MAINTENANCE 0.001,837.35CAM
147.000.00LATE CHARGE 0.00147.00LAT
5,512.500.00MONTHLY RENT 0.005,512.50RNT
1,102.500.00SECURITY DEPOSIT ADJUSTMENT 0.001,102.50SDA
1,308.070.00TENANT BILLBACK 0.001,308.07TBB
0.00 9,802.490.009,802.49
760-1766 FORMER TENANT 0.00
09/01/2012Former
-361.520.00ANNUAL CAM RECONCILIATIONS 07/31/20140.00-361.52REC
1,135.500.00COMMON AREA MAINTENANCE 0.001,135.50CAM
4,650.000.00HOLDOVER RENT 0.004,650.00HLD
202.340.00LATE CHARGE 0.00202.34LAT
1,550.000.00MONTHLY RENT 0.001,550.00RNT
28.300.00TENANT BILLBACK 0.0028.30TBB
0.00 7,204.620.007,204.62
760-1798 FORMER TENANT 0.00
11/01/2006Former
0.000.00COMMON AREA MAINTENANCE 10/05/20160.000.00CAM
0.0010/17/20160.00SECURITY DEPOSIT ADJUSTMENT 0.000.00SDA
0.00 0.000.000.00
10/1/2016 to 10/31/2016
SHOPPING CENTERProperty :
W. BULLARD 760
FRESNO, CA 93711
Unit Ref.
Num Suite
Name /
Chrg Description
Activity Reconciliation Report
9:26:18AM
REPORTSUser:
11/2/2016
Page 4 of 4
DANA BUTCHER ASSOCIATES
FRESNO, CA 93711
Beginning
Balance
Charges
and Adj
Payments
and Adj
Payment
Date
Ending
Balance
Deposits /
Lease Term
CAM COMMON AREA MAINTENANCE
RNT MONTHLY RENT
PPD PREPAID RENT/CAM
REC ANNUAL CAM RECONCILIATIONS
LAT LATE CHARGE
TBB TENANT BILLBACK
SDA SECURITY DEPOSIT ADJUSTMENT
HLD HOLDOVER RENT
Property Totals :
-8,497.87
-5,306.99
0.00
0.00
-701.58
-608.40
0.00
0.00
2,972.85
7,062.50
-3,267.96
-466.45
349.34
1,336.37
1,102.50
4,650.00
13,547.15
38,992.50
-9.32
-155.02
0.00
0.00
0.00
0.00
25,017.87
51,361.99
-3,277.28
-621.47
1,050.92
1,944.77
1,102.50
4,650.00
25,212.25
-15,114.8481,229.30 13,739.1552,375.31
Check
Check
Date Vendor Vch # Number AmountVendor Name Date AmountDiscountAmount
8:38:36AMDANA BUTCHER ASSOCIATESREPORTS Page 1 of 1
AP Check Register
760 -
Date Range : 10/1/2016 To 10/31/2016 For Cash Account 1
Invoice Invoice Gross Net Check
11/4/2016User:
006979 10/04/2016 CLEAN CLEANSERV 66763 08/27/2016 275.00 0.00 275.00 275.0004380
006980 10/04/2016 CLESW CLEAN SWEEP SWEEPING SVC 41223 09/30/2016 278.00 0.00 278.00 278.0004381
006985 10/11/2016 COSTE COSLO TERMITE & PEST 5131 09/06/2016 75.00 0.00 75.00 75.0004384
006986 10/11/2016 FRE55 CITY OF FRESNO 71386-092616 09/26/2016 633.43 0.00 633.43 633.4304387
006987 10/11/2016 SIE60 SIERRA DISPLAY INC. 21135 09/30/2016 4,945.71 0.00 4,945.71 4,945.7104389
006988 10/11/2016 TURNE TURNER SECURITY SYST. INC 1481018 10/01/2016 2,325.60 0.00 2,325.60 2,325.6004390
006989 10/13/2016 MOOLA MOORE LAW FIRM, P.C. TRUST ACCOUNT 760-101116 10/11/2016 8,500.00 0.00 8,500.00 8,500.0004392
006990 10/13/2016 TFS TOTAL FILTRATION SERVICES PSV1547329 09/30/2016 45.49 0.00 45.49 45.4904393
006992 10/18/2016 FRE65 CITY OF FRESNO 760-101116 10/11/2016 349.00 0.00 349.00 349.0004394
006996 10/25/2016 CALTR CALIFORNIA TREE AND LANDSCAPE TD-GK-16-093810/17/2016 2,900.00 0.00 2,900.00 2,900.0004395
006997 10/25/2016 FRE55 CITY OF FRESNO 73274-101116 10/11/2016 6.23 0.00 6.23 6.2304397
006998 10/25/2016 LA001 LANCE WILSON 760-101716 10/17/2016 1,800.00 0.00 1,800.00 1,800.0004398
007000 10/25/2016 TURNE TURNER SECURITY SYST. INC 1480344 09/01/2016 2,403.12 0.00 2,403.12 2,403.1204402
007002 10/27/2016 COSTE COSLO TERMITE & PEST 5145 10/04/2016 75.00 0.00 75.00 75.0004404
007004 10/31/2016 GON55 760R-100116 10/01/2016 20,000.00 0.00 20,000.00 20,000.0004405
007005 10/31/2016 NAT99 NATIONWIDE 15863-102116 10/12/2016 7,451.00 0.00 7,451.00 7,451.0004406
A00053 10/05/2016 VRLAW V.R. LAWN SERVICE 760-090116 09/01/2016 770.00 0.00 770.00 770.0004383
A00056 10/12/2016 KWIK KWIK & KLEEN 15543 09/30/2016 130.00 0.00 130.00 130.0004388
A00058 10/26/2016 DBA1 DANA BUTCHER ASSOCIATES 760-092616 09/26/2016 2,000.00 0.00 2,000.0004382
760-100516 10/05/2016 100.00 0.00 100.0004391
8499 10/20/2016 1,938.53 0.00 1,938.5304396
Total for Check Number A00058 4,038.534,038.530.004,038.53
E00367 10/25/2016 PGE PG&E 00367-101116 10/11/2016 62.15 0.00 62.15 62.1504400
E71386 10/11/2016 ALL REPUBLIC SERVICES 0917-00096063609/25/2016 1,146.44 0.00 1,146.44 1,146.4404385
E73274 10/11/2016 ALL REPUBLIC SERVICES 0917-00096065009/25/2016 592.01 0.00 592.01 592.0104386
E84882 10/25/2016 PGE PG&E 84882-101016 10/10/2016 878.00 0.00 878.00 878.0004401
Cash Account 1 Totals 59,679.71 0.00 59,679.71 59,679.71
Property/Company Totals for 59,679.71 59,679.710.00 59,679.71
SHOPPING CENTER
SHOPPING CENTER
11/4/2016User: REPORTS
8:38:00AMPage 1 of 2
Account TotalAmount
Check
No.No.
GL Account
DANA BUTCHER ASSOCIATES
AP Expense Distribution
760 -
For Cash Account : All
From 10/1/2016 To 10/31/2016
Invoice
1,800.00 1,800.00760-101716 006998
20,000.00 20,000.00760R-100116 007004
8,500.00 8,500.00760-101116 006989
Vchr Vendor Description
1225-0000 SEC. DEP. CLEARING ACCT.
04398 LA001 - L WILSON. SEC DEPOSIT REFUND 760-1798
1296-0000 DISBURSEMENTS TO OWNER
04405 GON55 - OWNERS DISB
5120-0000 LEGAL & ACCOUNTING FEES
04392 MOOLA - MOORE LAW FIRM, P.C. TRUS ADA LAWSUIT SETTLEMENT
5140-0000 LEASING FEES760-092616 A00058 2,000.00DBA1 - DANA BUTCHER ASSOCIATES ANNUAL LEASING FEE 04382
DBA1 - DANA BUTCHER ASSOCIATES 3 YR TERM LEASE COMMISS. 100.00 2,100.00760-100516 A0005804391
5160-0000 SECURITY1481018 006988 2,325.60TURNE - TURNER SECURITY SYST. INC PAT843 - 9/1/16-9/30/16 04390
TURNE - TURNER SECURITY SYST. INC PAT843 - 8/1/16-8/31/16 2,403.12 4,728.721480344 00700004402
5190-0000 PROFESSIONAL MANAGEMENTDBA1 - DANA BUTCHER ASSOCIATES MGMT FEE 1,938.53 1,938.538499 A0005804396
5210-0000 INSURANCENAT99 - NATIONWIDE 864515863 - POL# 3026818383 7,451.00 7,451.0015863-102116 00700504406
5225-0000 OTHER TAXES & LICENSESFRE65 - CITY OF FRESNO 13805 - ACCT# 13805 349.00 349.00760-101116 00699204394
5310-0000 ELECTRIC / GASPGE - PG&E 65791684882 - 09/09/2016 - 10/09/2016 878.00 878.0084882-101016 E8488204401
5320-0000 WATERFRE55 - CITY OF FRESNO 7271171386 - ACCT# 608.51 608.5171386-092616 00698604387
5340-0000 TRASH REMOVAL0917-000960636 E71386 1,146.44ALL - REPUBLIC SERVICES 309176071386 - 10/01/2016 - 10/31/2016 04385
0917-000960650 E73274 592.01ALL - REPUBLIC SERVICES 309176073274 - 10/01/2016 - 10/31/2016 04386
71386-092616 006986 24.92FRE55 - CITY OF FRESNO 7271171386 - ACCT# 04387
FRE55 - CITY OF FRESNO 7271173274 - ACCT# 6.23 1,769.6073274-101116 00699704397
5405-0000 RESTROOM CAM00367-101116 E00367 62.15PGE - PG&E 15424600367 - 09/10/2016 - 10/10/2016 04400
CLEAN - CLEANSERV DANA2 - SEPTEMBER SERVICE 275.00 337.1566763 00697904380
5412-0000 JANITORIAL SERVICE-EXTKWIK - KWIK & KLEEN SEPTEMBER SERVICE 130.00 130.0015543 A0005604388
5420-0000 TREE TRIMMINGCALTR - CALIFORNIA TREE AND LANDSTREE REMOVAL 2,900.00 2,900.00TD-GK-16-0938 00699604395
5425-0000 GARDENING SERVICESVRLAW - V.R. LAWN SERVICE 760 - SEPTEMBER SERVICE 770.00 770.00760-090116 A0005304383
5435-0000 LOT SWEEPINGCLESW - CLEAN SWEEP SWEEPING SVC SEPTEMBER SERVICE 278.00 278.0041223 00698004381
5450-0000 H V A CTFS - TOTAL FILTRATION SERVICES 45247 - FILTERS 45.49 45.49PSV1547329 00699004393
5455-0000 PEST CONTROL5131 006985 75.00COSTE - COSLO TERMITE & PEST SEPTEMBER SERVICE 04384
COSTE - COSLO TERMITE & PEST OCTOBER SERVICE 75.00 150.005145 00700204404
5485-0000 SEASONAL DECORATIONSSIE60 - SIERRA DISPLAY INC. BULL01 - SEASONAL DECOR 4,945.71 4,945.7121135 00698704389
SHOPPING CENTER
11/4/2016User: REPORTS
8:38:00AMPage 2 of 2
Account TotalAmount
Check
No.No.DescriptionVchr Vendor
GL Account
DANA BUTCHER ASSOCIATES
AP Expense Distribution
760 -
For Cash Account : All
From 10/1/2016 To 10/31/2016
Invoice
59,679.71Distribution Total
Account Account Description Debit Credit
Account Summary
SEC. DEP. CLEARING ACCT. 1,800.001225-0000
DISBURSEMENTS TO OWNER 20,000.001296-0000
LEGAL & ACCOUNTING FEES 8,500.005120-0000
LEASING FEES 2,100.005140-0000
SECURITY 4,728.725160-0000
PROFESSIONAL MANAGEMENT 1,938.535190-0000
INSURANCE 7,451.005210-0000
OTHER TAXES & LICENSES 349.005225-0000
ELECTRIC / GAS 878.005310-0000
WATER 608.515320-0000
TRASH REMOVAL 1,769.605340-0000
RESTROOM CAM 337.155405-0000
JANITORIAL SERVICE-EXT 130.005412-0000
TREE TRIMMING 2,900.005420-0000
GARDENING SERVICES 770.005425-0000
LOT SWEEPING 278.005435-0000
H V A C 45.495450-0000
PEST CONTROL 150.005455-0000
SEASONAL DECORATIONS 4,945.715485-0000
59,679.71CASH-CHECKING 1112-0000
59,679.71 59,679.71
Shopping Center
5
SHAW / 41 OFFICE BUILDING
155 E. SHAW AVE., FRESNO, CA
50,744 SQ. FT.
CHANNING COURT
1680, 1684, 1690 W. SHAW AVE., FRESNO, CA
78,510 SQ. FT.
ELK GROVE MARKET PLACE
ELK GROVE, CA
202,682 SQ. FT.
ARDEN PLAZA SHOPPING CENTER
SACRAMENTO, CA
80,419 SQ. FT.
PARKWOOD PLAZA SHOPPING CENTER
CEDAR/ NEES FRESNO, CA
74,431 SQ. FT.
ALMOND PLAZA SHOPPING CENTER
7154 – 7222 REGIONAL ST., DUBLIN, CA
51,155 SQ. FT.
CRAYCROFT PARK
PALM / SIERRA, FRESNO, CA
79,710 SQ. FT.
HERNDON / WEST
OWNERS ASSOCIATION FRESNO, CA
40,000 SQ. FT.
CARMEL RANCHO FINANCIAL
CARMEL, CA
30,583 SQ. FT.