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<br />
<br />RENTAL MARKET ANALYSIS
<br /> TABLE 23
<br /> MONTHLY RENT COMPARISON
<br /> SURVEYED RENTAL DEVELOPMENTS
<br /> November 2007
<br /> ]R.nl""0'0'i'ii,.q Ii]] j~y~r~ge
<br /> III l~i~i'l l""'" ;n:i::'$JIYro:~':E~'~(:; 'I :RehtPer
<br /> :: ~o:, :fiijjT::o~g;iliiii;ii;
<br /> 1Bjijl~ 150:1ID~(0q 1lJ;[lt~; Range ~ ~ 8.1'1.
<br /> " .'
<br />One-Bedroom Units
<br />Village Plaza 2006 Circle Pines 36 $875 ' $950 $913 760 ' 760 760 5120
<br />The Lexington T 1989 Roseville 26 $1,050, $1,095 $1,073 900 ' 900 918 5Ll9
<br />The Lexington 1989 Roseville 66 $895, $1,045 $970 875 ' 875 875 5UI
<br />Town Square Apts. 2005 Falcon H. 40 $770 ' $783 $783 689 ' 757 723 5L08
<br />Carnage Oaks 1990 Blaine 105 $764 ' 5798 5787 717,717 752 5L05
<br />Cedars Lakeside 1987 Little Canada 60 $865 ' $885 $875 815 ' 940 877 5LOO
<br />Westminster Apts. 1992 Blaline 3 $715,5715 $715 810,810 810 50.88
<br />Shadowlawn Est. 1990 Vadnais H. 49 $675 ' $675 $675 785 ' 785 785 $0.86
<br />Springbrook 1987 Fridley 63 $839 ' $939 $884 980 ' 1094 1,037 $0,85
<br />Landings at Silver Lake ViI. 2005 St Anthony 55 $775 ' $876 $655 808 ' 905 774 $0,85
<br />Cedar Creek A t. 1993 Anoka 18 $510 ' $530 $520 624 ' 624 624 $0.83
<br />Total/Average 521 $821 824 $1.00
<br />Two-Bedroom Units
<br />The Lexington 1989 Roseville 60 $1,180, $1,340 $1,260 1,040, 1,040 1,040 $121
<br />The Lexington T 1989 Roseville 52 $1.295, $1,350 $1,323 1.070, 1.120 1,095 $121
<br />Landings at Silver Lake ViI. 2005 St. Anthony 83 $1,390, $1.619 $1,505 1,195, 1,661 1.428 SL05
<br />Village Plaza 2006 Circle Pines 12 $1,100, $1.200 $1,150 1,030, 1,200 1,115 51.03
<br />Town Square Apts. 2005 Falcon H. 65 $995 ' $1,145 $1,070 1.045, 1.164 1,105 50.97
<br />Cedars Lakeside 1987 Little Canada 72 $995 ' $1,105 $1,050 1,056, 1.141 1,099 $0.96
<br />Carriage Oaks 1990 Blaine 199 $879 ' $989 $934 964 ' 1,008 986 SO.95
<br />Springbrook 1987 Fridley 241 $819, $939 5879 980, 1,094 1.037 $0.85
<br />Westminster Apts. 1992 Blaine 51 $840 ' $885 $863 935 ' 1,200 1.068 $0.81
<br />Shadow lawn Est. 1990 Vandais H. 58 $795 ' 5875 ,835 952, 1,176 1.064 $0.78
<br />Cedar Creek A ts. 1993 Blaine 36 $670 ' $700 ,685 870,910 890 $0.77
<br />TotaT/Average 929 $1,015 1,073 $0.95
<br />Two-Bedroom + Den
<br />Landlngs at Silver Creek 2005 St Anthony 6 $1.625, $2,050 $1,838 1,402, 1.402 1.402 SUI
<br />ToraT/Average 6 $1,838 1,402 $1.31
<br />Three-Bedroom Units
<br />Landings at Silver Lake ViI. 2005 St Anthony ]] $2,290 ' $2.340 $2,315 1.402, 1,402 1,402 SI.65
<br />The Lexington 1989 Roseville 24 51,395, $1,395 $1,395 1,190, 1.190 1,190 ,1.17
<br />The Lexington T 1989 RoseviIle 26 $1.395, $1.500 $1,448 1.275 ' 1,275 1,275 ,1.14
<br />Springbrook 1987 Fridley 55 $1,179, $1.239 $1.209 1,148, 1,148 1,148 $1.05
<br />Cedars Lakeside 1987 Little Canada 24 $1,365, $1,375 $1,370 1,331 ' 1,331 1.331 ,1.03
<br />Town Square Apts. 2005 Falcon H. 14 $1.120, $1,120 51,120 1,200 ' 1,200 1,200 $0.93
<br />Carriage Oaks 1990 Blaine 32 $1,089, $1,159 51,124 1,330, 1,330 1,330 ,0.85
<br />Shadowlawn Est. 1990 Vadnais H. 6 $1,025,51,025 51.025 1,232 ' 1,286 1.259 $0.81
<br />Westminster Apts. 1992 Blaine 1.992 $1,055,51,055 $1,055 1,300 ' 1,300 1,300 $0.81
<br />Cedar Creek Apts. 1993 Blaine 18 $875 ' 5875 $875 1,156, 1.156 ~ $0.76
<br />TotaT/Average 2,202 $1,077 1,294 $0.83
<br />Source: GV A Marquette Advisors; Maxfield Research Inc.
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<br />MAXFIELD RESEARCH INC.
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