Account	001Acme Properties	002Baker Street	003Cedar Rentals	004Delta Holdings	005Echo Multifamily	006Fox Run	007Granite Inv.	008Hilltop	009Ivy Apartments	010Juniper	ELIMInter-Co	CONSOLConsolidated
−Assets
1010Cash & equivalents	42,180	28,640	61,820	18,420	34,910	39,720	22,140	54,830	14,220	46,580	—	363,460
1100Intercompany receivable	—	—	—	—	50,000	—	12,000	—	—	—	-62,000	—
1200Accounts receivable	1,840	620	2,140	—	1,420	980	440	1,820	—	1,240	—	10,500
1500Fixed assets — buildings	2,140,000	1,480,000	2,580,000	1,120,000	1,860,000	2,020,000	1,340,000	2,640,000	980,000	2,180,000	—	18,340,000
1505Tenant improvements (capitalized)	38,000	22,000	41,000	14,000	28,000	32,000	18,000	44,000	12,000	36,000	—	285,000
1506Construction in progress	—	—	14,000	—	—	22,000	—	—	—	8,000	—	44,000
1510Fixed assets — land	520,000	340,000	620,000	280,000	440,000	480,000	320,000	620,000	240,000	520,000	—	4,380,000
1600Accumulated depreciation — buildings	-6,540	-4,620	-7,920	-3,360	-5,580	-6,000	-3,960	-7,740	-2,940	-6,450	—	-55,110
Total assets	2,735,480	1,866,640	3,311,040	1,429,060	2,408,750	2,588,700	1,708,620	3,352,910	1,243,280	2,785,370	-62,000	23,367,850
−Liabilities
2010Accounts payable	3,420	1,180	4,260	820	2,140	1,840	1,020	4,180	620	2,720	—	22,200
2100Intercompany payable	50,000	—	—	—	—	—	—	—	—	12,000	-62,000	—
2200Security deposits held	8,400	4,200	11,200	2,800	6,300	7,000	3,500	12,600	2,100	8,400	—	66,500
2500Mortgage payable	1,820,000	1,240,000	2,180,000	940,000	1,520,000	1,680,000	1,120,000	2,240,000	820,000	1,840,000	—	15,400,000
Total liabilities	1,881,820	1,245,380	2,195,460	943,620	1,528,440	1,688,840	1,124,520	2,256,780	822,720	1,863,120	-62,000	15,488,700
−Equity
3010Member contributions	650,000	440,000	780,000	340,000	560,000	620,000	420,000	820,000	290,000	680,000	—	5,600,000
3020Retained earnings	230,600	168,080	299,700	137,600	254,190	238,860	141,560	252,470	123,600	225,100	—	2,071,760
3030Owner draws	-12,000	-8,000	-14,000	-6,000	-10,000	-11,000	-7,000	-15,000	-5,000	-12,000	—	-100,000
3040Owner distributions	-4,000	—	-6,000	—	-3,000	-4,000	-2,000	-8,000	—	-4,000	—	-31,000
3050Guaranteed payments	—	—	—	—	-8,000	—	-6,000	—	—	—	—	-14,000
Total equity	864,600	600,080	1,059,700	471,600	793,190	843,860	546,560	1,049,470	408,600	889,100	—	7,526,760
−Income (March 2026)
4010Rental income	18,420	12,800	22,150	9,400	14,720	16,300	11,250	21,800	8,600	17,940	—	153,380
4080Intercompany services revenue	—	—	—	—	—	—	12,000	—	—	—	-12,000	—
4090Other income	320	180	540	—	900	240	120	410	—	280	—	2,990
Total income	18,740	12,980	22,690	9,400	15,620	16,540	23,370	22,210	8,600	18,220	-12,000	156,370
−Expenses (March 2026)
5010Operating expenses	3,210	2,140	4,180	1,720	2,950	3,040	1,980	4,260	1,420	3,310	—	28,210
5020Repairs & maintenance	1,840	620	2,210	440	1,150	980	720	2,340	380	1,520	—	12,200
5040Property management fees (intercompany)	—	—	—	—	—	—	—	—	—	12,000	-12,000	—
5060Insurance	620	410	740	290	520	580	360	720	240	610	—	5,090
5080Property tax	1,840	1,180	2,100	820	1,420	1,560	1,020	2,180	720	1,720	—	14,560
5100Mortgage interest	4,210	2,840	5,160	2,100	3,540	3,780	2,420	5,020	1,840	4,160	—	35,070
5200Depreciation	6,006	4,484	7,818	3,394	5,637	6,122	4,061	7,410	2,970	6,606	—	54,508
Total expenses	17,726	11,674	22,208	8,764	15,217	16,062	10,561	21,930	7,570	29,926	-12,000	149,638