KENNINGTON PROPERTY HOLDINGS
OWNER’S REPORT
OCTOBER 2022
KENNINGTON PROPERTY HOLDINGS LTD. BOARD MEETING AGENDA October 27, 2022 Review of Minutes 9am Introduction to Ruth Griggs/Pat Clark Thirty Four Commercial PROPERTY MANAGEMENT & ACCOUNTING REPORTS 1. Income Statement 2. Balance Sheet 3. Budget Comparison Report 4. Accounts Receivable Aging Report 5. General Ledger 6. Bank Reconciliation 7. Rent Roll 8. Management Fee Calculation ASSET MANAGEMENT REPORTS 1. KPH Cash Flow Summary 2. Cash Flow Projections Summary 3. Leasing Reports Bradford RETAIL Bradford FLEX Bradford RP (Richardson/Plano) Lee & Associates Protection List thru Dec 2022 Sunwest Holt Lunsford Commercial/Thirty Four Commercial 4. Construction/Tenant Improvements 5. Additional Reports Litigation JPMorgan Investment Summary 6. Old Business CCC Refinance 2023 Budget Update Tollway Names 7. New Business Insurance Renewal Texas Franchise Tax CCC Proceeds Midway Center LOC Options Argus 2022 Valuations Next Meeting Thursday, November 17, 2022 Adjournment
OWNER’S REPORT KPH - OCTOBER 2022 BOARD MEETING MINUTES APPROVAL OF SEPTEMBER 2022 MINUTES
MEET THE TEAM
RUTH GRIGGS & PAT CLARK
OWNER’S REPORT
PROPERTY MANAGEMENT & ACCOUNTING REPORTS
OWNER’S REPORT
MANAGEMENT & ACCOUNTING REPORTS
INCOME STATEMENT
OWNER’S REPORT
PROPERTY
Income Statement
Period
4030-0000 REVENUE
4100-0000 RENTAL INCOME
Period to Date % Year to Date %
4510-0000 Rental Income 841,486.34 0.00 6,119,423.87 0.00
4520-0000 Rent Abatement -15,814.52 0.00 -81,637.91 0.00
4550-0000 Deferred Rent 2,652.03 0.00 28,272.94 0.00
4570-0000 Rent - Holdover 0.00 0.00 3,281.00 0.00
4580-0000 Admin. Fees 600.00 0.00 5,400.00 0.00
4710-0000 Termination Fee 0.00 0.00 20,157.27 0.00 4730-0000 Prepaid Rent 102,340.33 0.00 106,124.38 0.00 4999-9999 TOTAL RENTAL INCOME 931,264.18 0.00 6,201,021.55 0.00
5200-0000 EXPENSE REIMBURSEMENT
5320-0000 CAM Estimate 248,777.44 0.00 2,056,938.13 0.00 5330-0000 CAM Reconcile 0.00 0.00 -26,785.99 0.00 5380-0000 Tenant Direct Reimb 0.00 0.00 -299.00 0.00 5390-0000 Electric Estimate 8,827.87 0.00 22,576.73 0.00 5499-0000 TOTAL EXPENSE REIMBURSEMENT 257,605.31 0.00 2,052,429.87 0.00
5600-0000 OTHER INCOME 5630-0000 Late and NSF Fees 4,702.07 0.00 11,704.30 0.00
5899-0000 TOTAL OTHER INCOME 4,702.07 0.00 11,704.30 0.00
5999-0000 TOTAL REVENUE 1,193,571.56 0.00 8,265,155.72 0.00
6000-0000 OPERATING EXPENSES
6200-0000 REIMBURSABLE EXPENSES
6210-0000
GROUNDS MAINTENANCE
24,512.45 0.00 466,417.69 0.00
24,512.45 0.00 466,417.69 0.00
6220-0000
31,052.05 0.00 235,229.16 0.00
0.00 0.00 5,646.27 0.00 6230-0000
6222-0000
3,294.35 0.00 37,716.09 0.00 6232-0000
2,356.01 0.00 41,651.74 0.00 6233-0000
0.00 0.00 19,092.69 0.00 6268-0000
0.00 0.00 1,515.50 0.00 6270-0000
909.30 0.00 10,913.69 0.00
TOTAL GROUND MAINTENANCE 37,611.71 0.00 351,765.14 0.00
6240-0000
TOTAL
60,256.09 0.00
0.00 -93,697.32 0.00 6242-0000
15,564.15 0.00 -33,441.23 0.00
3,089.92 0.00 45,575.26 0.00 6250-0000
6260-0000
21,212.04 0.00 199,645.75 0.00 6290-0000
BUILDING MAINTENANCE
12,632.49 0.00 104,363.05 0.00
36,934.45
349,584.06 0.00
INSURANCE
Insurance
TOTAL INSURANCE
Lawn/Landscape
Landscaping Improvements
Tree Trimming
Irrigation Repairs
Snow Removal
Parking Lot Repairs
Parking Lot Cleaning
PROPERTY TAXES
Taxes 0.00
Property Tax Consulting 15,564.15 0.00
PROPERTY TAXES
UTILITIES
Electricity
Water
Trash Pick Up
TOTAL UTILITIES
0.00
KPH Management Fees (.kphfees) Page 1
= Sep 2022 Book = Cash ; Tree = kci_is Thursday, October 20, 2022 11:24 AM
Statement
Period to Date % Year to Date %
6262-0000 Exterior Lighting 0.00 0.00 27,734.04 0.00
6264-0000 General Maintenance 666.74 0.00 15,363.60 0.00
6278-0000 Security 518.30 0.00 5,089.17 0.00
6280-0000 Fire Alarm Systems 880.00 0.00 25,998.34 0.00
6300-0000 Fire Alarm Phone Lines 614.57 0.00 8,749.11 0.00
6320-0000 Porter Services 6,950.70 0.00 75,768.45 0.00
6322-0000 Exterior Pest Control 2,770.13 0.00 34,293.36 0.00
6390-0000 Window Washing 1,380.19 0.00 12,557.01 0.00 6350-0000 Maintenance Wages 14,314.50 0.00 116,224.67 0.00 6555-0000 Elevator Contract 311.66 0.00 311.66 0.00 6540-0000 Misc. Repairs - Bldgs 740.89 0.00 2,005.02 0.00
6440-0000 Roof Repairs 0.00 0.00 2,408.57 0.00 6450-0000 HVAC Repairs 0.00 0.00 1,303.34 0.00
6490-0000 Plumbing Repairs 0.00 0.00 11,024.34 0.00
6510-0000 Electrical Repairs 405.94 0.00 8,037.57 0.00 6550-0000 Maint. Supplies 1,969.73 0.00 11,116.62 0.00
TOTAL BUILDING MAINTENANCE 31,523.35 0.00 357,984.87 0.00
MANAGEMENT FEES
6310-0000 Management Fees 38,880.33 0.00 307,138.28 0.00 6330-0000 Administrative Fees 0.00 0.00 4,681.81 0.00 6340-0000 Management Wages 49,649.08 0.00 249,337.96 0.00 6360-0000 Administrative Wages 14,861.18 0.00 129,342.42 0.00
TOTAL MANAGEMENT FEES 103,390.59 0.00 690,500.47 0.00
6399-0000 TOTAL REIMBURSABLE EXPENSES 249,536.70 0.00 2,182,811.00 0.00
6400-0000 NON-REIMBURSABLE EXPENSES
NON-CAM ADMIN EXPENSE
6640-0000 Office Expense - Misc. 0.00 0.00 -0.18 0.00 6645-0000
Expense 8,254.16 0.00 56,477.73 0.00 6670-0000 Bank Charges 82.07 0.00 291.89 0.00 6710-0000 Administrative Wages - Non CAM 8,127.26 0.00 65,346.51 0.00 6730-0000 Office Supplies 2,717.19 0.00 32,614.17 0.00 6740-0000
Supplies 2,547.12 0.00 30,186.95 0.00 6750-0000
0.00 17,485.01 0.00 6890-0000
NON-CAM
NON-CAM
7,039.51 0.00 64,065.37 0.00
28,767.31 0.00 266,467.45 0.00
852.60 0.00 -992.71 0.00 6470-0000
6460-0000
NON-CAM
1,030.54 0.00 2,113.04
3,642.36
19,154.95
1,277.40
7,999.81
21,619.05
54,813.90
50,555.76 0.00
13,531.85
64,087.61
Marketing
Computer
Dues and Subscriptions 0.00
Rent Expense
TOTAL
ADMIN EXPENSE
BUILDING EXPENSE
Makeready Repairs
Makeready Cleaning
0.00 6480-0000 Makeready Expense 0.00 0.00
0.00 6530-0000 Locksmith Services 15,055.55 0.00
0.00 6820-0000 Vacancy Cleaning Non-Cam 357.23 0.00
0.00 6860-0000 HVAC Repairs Non-Cam 692.80 0.00
0.00 6870-0000 Plumbing Repair Non-Cam 2,401.25 0.00
0.00 TOTAL NON-CAM BUILDING EXPENSE 20,389.97 0.00
0.00
UTILITIES 6840-0000 Vacancy Electricity Non-Cam 8,685.49 0.00
6850-0000 Vacancy Gas Non-Cam 196.94 0.00
0.00 TOTAL NON-CAM UTILITIES 8,882.43 0.00
0.00 KPH Management Fees (.kphfees) Page 2 Income
Period = Sep 2022 Book = Cash ; Tree = kci_is Thursday, October 20, 2022 11:24 AM
Income Statement
Period = Sep 2022
Book = Cash ; Tree = kci_is
Period to Date
Year to Date
6999-0000 TOTAL NON-REIMBURSABLE EXPENSES 58,039.71 0.00 385,368.96 0.00
7990-0000 TOTAL OPERATING EXPENSES 307,576.41 0.00 2,568,179.96 0.00
7999-0000 NET OPERATING INCOME 885,995.15 0.00 5,696,975.76 0.00
OWNER EXPENSES
6610-0000 Asset Management Fee 9,720.08 0.00 76,784.61 0.00
6690-0000 Legal Fees 50.00 0.00 66,584.58 0.00
6700-0000 Accounting 3,060.86 0.00 39,017.58 0.00 6720-0000 Consulting Fees 27,364.96 0.00 174,958.76 0.00
6790-0000 Meals 0.00 0.00 2,273.33 0.00
6900-0000 K.F. Overhead 3,708.29 0.00 33,249.38 0.00
TOTAL OWNER EXPENSES 43,904.19 0.00 392,868.24 0.00
8100-0000 DEBT EXPENSE
6430-0000 Interest Expense 167,550.68 0.00 1,361,508.31 0.00 8149-9998 TOTAL DEBT EXPENSE 167,550.68 0.00 1,361,508.31 0.00
NET INCOME BEFORE AMORT AND DEPR EXPENSE 674,540.28 0.00 3,942,599.21 0.00
9090-0000 NET INCOME 674,540.28 0.00 3,942,599.21 0.00
%
%
KPH Management Fees (.kphfees) Page 3
Thursday, October 20, 2022 11:24 AM
PROPERTY MANAGEMENT & ACCOUNTING REPORTS
BALANCE SHEET
OWNER’S REPORT
Balance Sheet
Period = Sep 2022
Book = Cash ; Tree = kci_bs
1000-0000
1100-0000 CASH
Balance
1110-0000 Cash - Chase Savings 300,788.69
1120-0000 Cash - Chase Operating 428,241.58
1123-0000 Cash - Vantage Bank (51) 100.00 1199-0000 TOTAL CASH 729,130.27
1300-0000 ACCOUNTS RECEIVABLE
1310-0000 Accounts Receivable 32,901.89
1340-0000 Due to/from 12,824.04 1399-0000 TOTAL ACCOUNTS RECEIVABLE 45,725.93
1500-0000 PROPERTY
1510-0027 Land - Alpha Plaza 300,000.00
1510-0030 Land - Midway Center 358,387.00
1510-0035 Land - Campbell 500,000.00
1510-0037 Land - Placid 700,000.00
1510-0044 Land - Research Center 896,000.00
1510-0046 Land - Valley View Center 1 2 3 1,243,411.75
1510-0049 Land - ABC 1,176,800.00
1510-0050 Land - Skyway 340,050.24
1510-0051 Land - Jupiter North 292,171.11
1510-0052 Land - Jupiter South 645,777.89
1516-0000 Buildings 66,963.01
1516-0027 Buildings - Alpha Plaza 4,100,979.75 1516-0030 Buildings - Midway Center 4,015,237.52 1516-0035 Buildings - Campbell 8,389,629.39 1516-0037 Buildings - Placid 4,104,634.84 1516-0044 Buildings - Research Center 9,013,212.07 1516-0046 Buildings - Valley View Center 1 2 3 4,202,100.10 1516-0049 Buildings - ABC 3,739,486.48 1516-0050 Buildings - Skyway 3,441,549.77 1516-0051 Buildings - Jupiter North 3,852,782.98 1516-0052 Buildings - Jupiter South 6,712,247.32 1516-0053 Buildings - Waters Ridge Tech II 5,348,496.58
1516-0054 Buildings - Waters Ridge Tech III 11,980,105.92 1516-0055 Buildings - Tollway 7,755,419.67
1517-0000 Tenant Improvements 31,947.05
1517-0027 T I - Alpha Plaza 1,258,385.14
1517-0030 T I - Midway Center 509,027.13
1517-0035 T I - Campbell 2,377,697.12
1517-0037 T I - Placid 227,260.73
1517-0044 T I - Research Center 231,641.66
1517-0046 T I - Valley View Center 1 2 3 2,999.27
1517-0048 T I - Jupiter Center 679,658.86
1517-0049 T I - ABC 2,095,892.11
1517-0050 T I - Skyway 809,893.94
1517-0051 T I - Jupiter North 186,313.46
1517-0052 T I - Jupiter South 216,284.64
1517-0054 T I - Waters Ridge Tech III -98,538.47
1517-0055 T I - Tollway 8,308.21
1518-0000 Landscape Improvements 11,187.82
1518-0027 Landscape Improvements - Alpha Plaza 33,270.19
1518-0030 Landscape Improvements - Midway Center 20,792.36
Current
ASSETS
KPH Balance Sheet (.kphbs) Page 1
Thursday, October 20, 2022 11:25 AM
Balance Sheet
Period = Sep 2022
Book = Cash ; Tree = kci_bs
1518-0035
Current Balance
Landscape Improvements - Campbell 366,351.41
1518-0037 Landscape Improvements - Placid 5,882.16
1518-0046
Landscape Improvements - Valley View 1,213.91
1518-0049 Landscape Improvements - ABC 36,996.04
1518-0050 Landscape Improvements - Skyway 4,290.75
1518-0052 Landscape Improvements - Jupiter South 92,836.53
1518-0054 Landscape Improvements - Waters Ridge Tech III 163,590.50
1518-0055 Landscape Improvements - Tollway 10,361.41
1599-9999 TOTAL PROPERTY 92,458,987.32
1600-0000 INTANGIBLE ASSETS
1610-0000 Mortgage Escrow 10,000.00
1610-0027 Mortgage Escrow - Alpha Plaza 250,000.00
1611-0055 Tax Escrow - Tollway 80,389.65
1615-0055 CapEx Escrow 500,000.00
1625-0050 Utility Deposit - Skyway 1,800.00
1630-0000 Loan Closing Cost 49,525.00
1630-0027 Loan Closing Cost - Alpha Plaza 79,530.50
1630-0035 Loan Closing Cost - Campbell 97,250.00
1630-0037 Loan Closing Cost - Placid 61,805.43
1630-0044 Loan Closing Cost - Research Center 171,610.86
1630-0049 Loan Closing Cost - ABC 4,465.47
1630-0050 Loan Closing Cost - Skyway 284,311.45
1630-0051 Loan Closing Cost - Jupiter North 67,614.98
1630-0052 Loan Closing Cost - Jupiter South 75,792.65
1630-0053 Loan Closing Cost - Waters Ridge Tech II 113,415.71
1630-0054
Loan Closing Cost - Waters Ridge Tech III 255,384.32
1630-0055 Loan Closing Cost - Tollway 73,503.62
1631-0000 Loan Fees 19,457.75 1631-0049 Loan Fees - ABC 143,117.00
1631-0050 Loan Fees - Skyway 5,000.00
1631-0055 Loan Fees - Tollway 69,130.00
1640-0050 Legal Closing Cost - Skyway 76,624.03
1640-0051 Legal Closing Cost - Jupiter North 30,894.36
1640-0052 Legal Closing Cost - Jupiter South 23,986.86
1640-0053 Legal Closing Cost - ABC 6,500.00
1641-0000 Legal Fees 24,765.16
1641-0030 Legal Fees - Midway 1,620.00
1641-0037 Legal Fees - Placid 5,664.00
1641-0050 Legal Fees - Skyway Circle 1,165.46
1650-0000 Loan Origination Fee 15,847.67
1650-0046 Loan Origination Fee - Valley View Center 1 2 3 61,041.05
1660-0000 Capitalized Commissions 10,574.55
1660-0027 Lease Commissions - Alpha Plaza 270,328.55
1660-0030 Lease Commissions - Midway Center 127,016.04
1660-0035 Lease Commissions - Campbell 459,141.79
1660-0037 Lease Commissions - Placid 262,053.98
1660-0044 Lease Commissions - Research Center 492,795.24
1660-0046 Lease Commissions - Valley View Center 1 2 3 148,792.95
1660-0048 Lease Commissions - Jupiter Center 467,184.72
1660-0049 Lease Commissions - ABC 299,534.10
1660-0050 Lease Commissions - Skyway 152,003.05
1660-0051 Lease Commissions - Jupiter North 222,704.58
1660-0052 Lease Commissions - Jupiter South 15,135.12
1660-0053 Lease Commissions - Waters Ridge Tech II 13,412.65
KPH Balance Sheet (.kphbs) Page 2
Thursday, October 20, 2022 11:25 AM
Balance Sheet
Period = Sep 2022
Book = Cash ; Tree = kci_bs
Current Balance
1699-9999 TOTAL INTANGIBLE ASSETS 5,601,890.30
1700-0000 ACCUMULATED AMORTIZATION and DEPRECIATION
1710-0027 Accum Amortization - Alpha Plaza -62,981.00
1710-0035 Accum Amortization - Campbell -183,651.00
1710-0037 Accum Amortization - Placid -61,264.00
1710-0044 Accum Amortization - Research -141,290.00
1710-0046 Accum Amortization - Valley View -211,788.00
1710-0048 Accum Amortization - Jupiter Center -52,767.00
1710-0049 Accum Amortization - ABC -79,076.00
1710-0050 Accum Amortization - Skyway -9,808.00
1710-0051 Accum Amortization - Jupiter North -63,729.00
1710-0052 Accum Amortization - Jupiter South -5,544.00
1720-0027 Accum Depreciation - Alpha -2,180,833.00
1720-0030 Accum Depreciation - Midway Center -2,085,805.00
1720-0035 Accum Depreciation - Campbell -5,339,212.00
1720-0037 Accum Depreciation - Placid -2,273,650.00
1720-0044 Accum Depreciation - Research -3,835,765.00
1720-0046 Accum Depreciation - Valley View -1,089,414.00
1720-0048 Accum Depreciation - Jupiter Center -2,807,971.00
1720-0049 Accum Depreciation - ABC -2,955,468.00
1720-0050 Accum Depreciation - Skyway -907,837.00
1720-0051 Accum Depreciation - Jupiter North -269,233.00
1720-0052 Accum Depreciation - Jupiter South -456,923.00
1799-0000 TOTAL ACCUMULATED AMORTIZATION and DEPRECIATION -25,074,009.00
1800-0000
1820-0000 Marketable Securities XX6009 64.70 1830-0000 Marketable Securities XX2002 88,562.80 1840-0000 Marketable Securities XX9008 7,648,852.76 1860-0000 Due Diligence Costs 8,811.55 1870-0000 Deferred 1031 Asset 167,166.98 1899-9999 TOTAL OTHER ASSETS 7,913,458.79
81,675,183.61
2110-0027 Mortgage Payable - Alpha Plaza 4,013,775.33
2110-0035 Mortgage Payable - Campbell 2,413,938.60
2110-0037 Mortgage Payable - Placid 2,894,143.41
2110-0044 Mortgage Payable - Research Center 8,960,063.18
2110-0046 Mortgage Payable - Valley View Center 1 2 3 2,127,706.29
2110-0049 Mortgage Payable - ABC 4,759,763.38
2110-0050 Mortgage Payable - Skyway 3,398,531.43
2110-0051 Mortgage Payable - Jupiter North 2,073,489.36
2110-0052 Mortgage Payable - Jupiter South 5,526,648.25
2110-0053
Mortgage Payable - Waters Ridge Tech II 3,365,609.75
2110-0054 Mortgage Payable - Waters Ridge Tech III 7,578,526.38
2110-0055 Mortgage Payable - Tollway 3,850,000.00
OTHER ASSETS
1999-9999 TOTAL ASSETS
2000-0000 LIABILITIES AND EQUITY 2030-0000 LIABILITIES 2050-0000 NOTES 2100-0000 MORTGAGE NOTES PAYABLES
KPH Balance Sheet (.kphbs) Page 3
Thursday, October 20, 2022 11:25 AM
Balance Sheet
Period = Sep 2022 Book = Cash ; Tree = kci_bs
2159-9999
Current Balance
TOTAL MORTGAGE NOTES PAYABLES 50,962,195.36
2164-0000 LINE OF CREDIT
2165-0005 Line of credit - JP Morgan Chase 5,340,421.71 2169-9999 TOTAL LINE OF CREDIT 5,340,421.71
2199-9999 TOTAL NOTES 56,302,617.07
2200-0000 ACCOUNTS PAYABLE 2210-0000 Accounts Payable 646.67 2260-0035 Insurance Proceeds - Campbell 39,914.36 2299-0000 TOTAL ACCOUNTS PAYABLE 40,561.03
2400-0000 OTHER LIABILITIES 2420-0000 Security Deposits 771,944.57 2470-0000 Deferred 1031 Gain 10,964,473.62 2499-0000 TOTAL OTHER LIABILITIES 11,736,418.19
2999-0000 TOTAL LIABILITIES 68,079,596.29
3000-0000 EQUITY
3100-0040 The Dallas Foundation 76,762.03 3200-0001 Craig Kennington CCC Trust 3,065,978.73 3200-0002 Clark Kennington CCC Trust 3,065,980.66 3200-0003 Clayton Kennington CCC Trust 3,065,979.68
3400-0000 OWNER DRAW
3410-0001 Capital Distributions - Craig Kennington CCC Trust -7,419,400.00 3410-0002 Capital Distributions - Clark Kennington CCC Trust -7,419,400.00 3410-0003 Capital Distributions - Clayton Kennington CCC Trust -7,419,400.00 3410-0040 Capital Distributions - The Dallas Foundation -828,655.21 3499-0000 TOTAL OWNER DRAW -23,086,855.21
3810-0000 Retained Earnings 32,725,969.42 3820-0000 Prior Years Retained Earnings -5,318,227.99 3899-0000 TOTAL EQUITY 13,595,587.32
3999-0000 TOTAL LIABILITIES AND EQUITY 81,675,183.61
KPH Balance Sheet (.kphbs) Page 4
Thursday, October 20, 2022 11:25 AM
PROPERTY MANAGEMENT & ACCOUNTING REPORTS
BUDGET COMPARISON REPORT
OWNER’S REPORT
Budget Comparison (with
RENTALINCOME
RentalIncome841,486.34791,051.4550,434.896,119,423.876,296,255.57-176,831.70
RentAbatement-15,814.520.00-15,814.52-81,637.910.00-81,637.91
DeferredRent2,652.034,214.59-1,562.5628,272.9437,931.31-9,658.37
Rent-Holdover0.000.000.003,281.000.003,281.00
Admin.Fees600.00600.000.005,400.005,400.000.00
TerminationFee0.000.000.0020,157.270.0020,157.27
PrepaidRent102,340.330.00102,340.33106,124.380.00106,124.38
TOTALRENTALINCOME931,264.18795,866.04135,398.146,201,021.556,339,586.88-138,565.33
EXPENSEREIMBURSEMENT
CAMEstimate248,777.44275,756.88-26,979.442,056,938.132,350,692.98-293,754.85
CAMReconcile0.000.000.00-26,785.990.00-26,785.99
TenantDirectReimb0.000.000.00-299.000.00-299.00
ElectricEstimate8,827.870.008,827.8722,576.730.0022,576.73
TOTALEXPENSEREIMBURSEMENT257,605.31275,756.88-18,151.572,052,429.872,350,692.98-298,263.11
OTHERINCOME
LateandNSFFees4,702.070.004,702.0711,704.300.0011,704.30
TOTALOTHERINCOME4,702.070.004,702.0711,704.300.0011,704.30
TOTAL REVENUE1,193,571.561,071,622.92121,948.648,265,155.72 8,690,279.86-425,124.14
OPERATING EXPENSES
REIMBURSABLEEXPENSES
INSURANCE
Insurance24,512.4535,594.5611,082.11466,417.69315,956.55-150,461.14
TOTALINSURANCE24,512.4535,594.5611,082.11466,417.69315,956.55-150,461.14
GROUNDSMAINTENANCE
Lawn/Landscape31,052.0521,967.94-9,084.11235,229.16192,176.36-43,052.80
LandscapingImprovements0.006,400.006,400.005,646.2721,300.0015,653.73
356.013,615.531,259.5241,651.7430,644.24-11,007.50
0012,423.3312,423.330.00111,809.97111,809.97
ParkingLotRepairs0.002,340.202,340.201,515.5016,111.6014,596.10
ParkingLotCleaning909.30627.87-281.4310,913.695,650.83-5,262.86
TOTALGROUNDMAINTENANCE37,611.7147,374.879,763.16351,765.14412,793.0061,027.86
MTD Actual MTD Budget Variance PTD Actual PTD Budget Variance REVENUE
TreeTrimming3,294.350.00-3,294.3537,716.0928,300.00-9,416.09 IrrigationRepairs2,
SnowRemoval0.000.000.0019,092.696,800.00-12,292.69 StormDamage0.
PROPERTYTAXES Taxes0.0010,417.0010,417.00-93,697.3241,668.00135,365.32 PropertyTaxConsulting15,564.1531,519.8515,955.7060,256.0939,394.85-20,861.24 TOTALPROPERTYTAXES15,564.1541,936.8526,372.70-33,441.2381,062.85114,504.08 UTILITIES Electricity3,089.928,926.085,836.1645,575.2650,658.105,082.84 Water21,212.0417,746.77-3,465.27199,645.75149,348.24-50,297.51 TrashPickUp12,632.4912,579.36-53.13104,363.05109,213.884,850.83 Gas0.001,200.001,200.000.004,800.004,800.00 TOTALUTILITIES36,934.4540,452.213,517.76349,584.06314,020.22-35,563.84
PTD) Period=Jan2022-Sep2022 Book=Cash;Tree=kci_is Page 1 of 3
Budget Comparison (with PTD)
Period=Jan2022-Sep2022 Book=Cash;Tree=kci_is
BUILDINGMAINTENANCE
ExteriorLighting0.002,583.672,583.6727,734.0422,149.36-5,584.68
GeneralMaintenance666.742,347.811,681.0715,363.6019,162.483,798.88
Security518.30546.5328.235,089.174,842.77-246.40
FireAlarmSystems880.001,938.421,058.4225,998.3415,339.83-10,658.51
FireAlarmPhoneLines614.571,074.11459.548,749.118,311.99-437.12
PorterServices6,950.708,929.891,979.1975,768.4564,072.20-11,696.25
ExteriorPestControl2,770.134,139.791,369.6634,293.3635,938.161,644.80
WindowWashing1,380.196,066.764,686.5712,557.0124,282.2211,725.21
MaintenanceWages14,314.5016,402.732,088.23116,224.67138,165.4121,940.74
ElevatorContract311.660.00-311.66311.660.00-311.66
Misc.Repairs-Bldgs740.892,333.021,592.132,005.0214,997.1812,992.16
RoofRepairs0.0089.0089.002,408.57356.00-2,052.57
HVACRepairs0.002,565.002,565.001,303.3410,260.008,956.66
PlumbingRepairs0.001,639.381,639.3811,024.349,254.42-1,769.92
ElectricalRepairs405.94492.3186.378,037.573,930.79-4,106.78
Maint.Supplies1,969.73848.62-1,121.1111,116.627,637.58-3,479.04
TOTALBUILDINGMAINTENANCE31,523.3551,997.0420,473.69357,984.87378,700.3920,715.52
MANAGEMENTFEES
ManagementFees38,880.3339,973.581,093.25307,138.28330,847.4423,709.16
AdministrativeFees0.00809.90809.904,681.816,595.681,913.87
ManagementWages49,649.0824,146.65-25,502.43249,337.96217,320.08-32,017.88
AdministrativeWages14,861.1813,703.30-1,157.88129,342.42116,701.66-12,640.76
TOTALMANAGEMENTFEES103,390.5978,633.43-24,757.16690,500.47671,464.86-19,035.61
TOTAL REIMBURSABLE EXPENSES249,536.70295,988.9646,452.262,182,811.002,173,997.87-8,813.13
071,096.441,014.37291.893,299.603,007.71
9665,346.5152,158.11-13,188.40
186.9533,212.773,025.82
TOTALNON-CAMADMINEXPENSE28,767.3119,483.99-9,283.32266,467.45168,779.34-97,688.11
NON-CAMBUILDINGEXPENSE
MakereadyRepairs852.6087.11-765.49-992.71783.991,776.70
MakereadyCleaning1,030.54137.06-893.482,113.041,233.54-879.50
MakereadyExpense0.0018.1218.123,642.36163.08-3,479.28
LocksmithServices15,055.55672.64-14,382.9119,154.955,928.76-13,226.19
MaintenanceVehicle0.00720.09720.090.006,230.816,230.81
VacancyCleaningNon-Cam357.23112.59-244.641,277.401,013.31-264.09
HVACRepairsNon-Cam692.803,072.992,380.197,999.8127,656.9119,657.10
PlumbingRepairNon-Cam2,401.250.00-2,401.2521,619.050.00-21,619.05
TOTALNON-CAMBUILDINGEXPENSE20,389.974,820.60-15,569.3754,813.9043,010.40-11,803.50
NON-CAMUTILITIES
VacancyElectricityNon-Cam8,685.492,076.56-6,608.9350,555.7618,689.04-31,866.72
MTD
Actual MTD Budget Variance PTD Actual PTD Budget Variance
NON-REIMBURSABLE EXPENSES NON-CAMADMINEXPENSE OfficeExpense-Misc.0.000.000.00-0.180.000.18 MarketingExpense8,254.162,070.97-6,183.1956,477.7318,639.14-37,838.59 BankCharges82.
AdministrativeWages-NonCAM8,127.265,795.30-2,331.
OfficeSupplies2,717.191,824.98-892.2132,614.1716,414.82-16,199.35 ComputerSupplies2,547.123,690.201,143.0830,
DuesandSubscriptions0.001.841.8417,485.0116.56-17,468.45 RentExpense7,039.515,004.26-2,035.2564,065.3745,038.34-19,027.03
Page 2 of 3
Budget
VacancyGasNon-Cam196.941,224.261,027.3213,531.8511,018.34-2,513.51
TOTALNON-CAMUTILITIES8,882.433,300.82-5,581.6164,087.6129,707.38-34,380.23
TOTAL
TOTAL
OWNEREXPENSES
6,274,784.87-577,809.11
FranchiseTax0.000.000.000.0022,740.3622,740.36
AssetManagementFee9,720.087,856.04-1,864.0476,784.6168,409.58-8,375.03
LegalFees50.005,156.605,106.6066,584.5846,409.40-20,175.18
Accounting3,060.861,866.65-1,194.2139,017.5816,799.85-22,217.73
ConsultingFees27,364.9612,449.83-14,915.13174,958.76112,048.47-62,910.29
Meals0.00159.65159.652,273.331,436.85-836.48 K.F.Overhead3,708.292,957.44-750.8533,249.3826,616.96-6,632.42 K.F.Trip0.004,905.074,905.070.0044,145.6344,145.63
TOTALOWNEREXPENSES43,904.1935,351.28-8,552.91392,868.24338,607.10-54,261.14
DEBTEXPENSE
InterestExpense167,550.68164,098.00-3,452.681,361,508.311,391,156.6429,648.33
TOTALDEBTEXPENSE167,550.68164,098.00-3,452.681,361,508.311,391,156.6429,648.33
NET INCOME BEFORE AMORT AND DEPR EXPENSE674,540.28548,579.27125,961.013,942,599.214,545,021.13-602,421.92
NET INCOME674,540.28548,579.27125,961.013,942,599.214,545,021.13-602,421.92
MTD Actual MTD Budget Variance PTD Actual PTD Budget Variance
Comparison (with PTD) Period=Jan2022-Sep2022 Book=Cash;Tree=kci_is
NON-REIMBURSABLE EXPENSES58,039.7127,605.41-30,434.30385,368.96241,497.12-143,871.84
OPERATING EXPENSES307,576.41 323,594.3716,017.962,568,179.962,415,494.99-152,684.97 NET OPERATING INCOME885,995.15748,028.55137,966.605,696,975.76
Page 3 of 3
MANAGEMENT & ACCOUNTING REPORTS
ACCOUNTS RECEIVABLE AGING REPORT
OWNER’S REPORT
PROPERTY
Aged
027-AlphaPlazaWombatBakehouse,LLC.0.000.000.000.000.00-2,921.68-2,921.68
027-AlphaPlazaEuroLivingFurnitureTexasLLC0.000.000.000.000.00-8,838.32-8,838.32
027-AlphaPlazaDavidDikeFineArt,LLC.0.000.000.000.000.00-110.41-110.41
027-AlphaPlazaGEAofTexas0.000.000.000.000.00-4,547.00-4,547.00
027-AlphaPlazaCanteraDoors&MoreInc.3.003.000.000.000.000.003.00
027-AlphaPlazaAlexanderOtisCollections,LLC180.99180.990.000.000.000.00180.99
027 - Alpha Plaza183.99183.990.000.000.00-16,417.41-16,233.42
030-MidwayCenterOvertonFamilyJewels,Inc.0.000.000.000.000.00-496.14-496.14
030-MidwayCenterBreakingBrewMeadery0.010.010.000.000.000.000.01
030-MidwayCenterVerticonConstruction,LLC.0.000.000.000.000.00-2,793.39-2,793.39
030-MidwayCenterEdibleArrangements0.000.000.000.000.00-1,214.32-1,214.32
030-MidwayCenterRockASnapBaby,LLC.0.000.000.000.000.00-2,193.75-2,193.75
030-MidwayCenterBaley'sBridal,INC0.000.000.000.000.00-6,284.10-6,284.10
030 - Midway Center0.010.010.000.000.00-12,981.70-12,981.69
035-Campbell1PNCBank0.000.000.000.000.00-28,250.45-28,250.45
035-Campbell1BrazenAnimation0.000.000.000.000.00-11,929.01-11,929.01
035-Campbell1SeeBoost/EverglazeLLC0.000.000.000.000.00-7,176.50-7,176.50
035-Campbell1ElectionSystems&Software,LLC0.000.000.000.000.00-8,270.00-8,270.00
035 - Campbell 10.000.000.000.000.00-55,625.96-55,625.96
037-PlacidRackmountSolutionsHoldco,LLC.8,228.807,714.507,714.500.00-7,200.20-7,714.50514.30
037-PlacidPlanoData0.000.000.000.000.00-5,188.00-5,188.00
037-PlacidHisco0.000.000.000.000.00-13,672.74-13,672.74
037-PlacidTNTSpaMovers,INC.0.000.000.000.000.00-8,902.40-8,902.40
037-PlacidM4SpecialtyCompanyLLC0.000.000.000.000.00-360.39-360.39
037-PlacidBrinks,Inc0.000.000.000.000.00-526.03-526.03
037 - Placid8,228.807,714.507,714.500.00-7,200.20-36,364.06-28,135.26
044-ResearchCenterTerminixInternationalCompany0.000.000.000.000.00-12,759.54-12,759.54
0.000.000.000.00-31,023.08-31,023.08
0.000.000.000.000.00-31,381.23-31,381.23
CenterAirwayTechnologies,LLC0.000.000.000.000.00-8,778.12-8,778.12
CenterShari'sManagementCorporation0.000.000.000.000.00-3,014.83-3,014.83
PropertyNameCurrent0-3031-6061-90OverPre-Total OwedOwedOwedOwed90 OwedPaymentsOwed
044-ResearchCenterDTN,LLC0.000.000.000.000.00-11,311.58-11,311.58 044-ResearchCenterCMCNetworkSolutions0.000.000.000.000.00-6,951.96-6,951.96 044 - Research Center0.00
046-ValleyView CommerceCenterStrippit,Inc.0.000.000.000.000.00-9,844.00-9,844.00 046-ValleyView CommerceCenterDishNetworkService,LLC0.000.000.000.000.00-21,537.23-21,537.23 046 - Valley View CommerceCenter
049-AlphaBusiness
049-AlphaBusiness CenterProtectionNetworks0.000.000.000.000.00-6,723.54-6,723.54 049-AlphaBusiness CenterAlphaLockSecurity0.000.000.000.000.00-5,207.25-5,207.25 049-AlphaBusiness
049-AlphaBusiness CenterComproComputerServices,Inc.0.000.000.000.000.00-8,445.58-8,445.58 049 - Alpha Business Center 0.000.000.000.000.00-32,169.32-32,169.32
Receivable DBCaption:liveProperty:.kphfeesStatus:CurrentAgeAsOf:09/30/2022PostTo:09/2022SummaryBy:Tenant 027 - Alpha Plaza 030 - Midway Center 035 - Campbell 1 037 - Placid 044 - Research Center 046 - Valley View Commerce Center 049 - Alpha Business Center Page 1 of 2
Aged Receivable
DBCaption:liveProperty:.kphfeesStatus:CurrentAgeAsOf:09/30/2022PostTo:09/2022SummaryBy:Tenant
050-SkywayCircleEberlClaimsService,LLC-5,295.00-5,295.000.000.000.000.00-5,295.00
050-SkywayCircleWellerTruckParts,LLC0.000.000.000.000.00-9,756.46-9,756.46
050 - Skyway Circle-5,295.00-5,295.000.000.000.00-9,756.46-15,051.46
052-JupiterCenterSouthGlobalIPNetworks,Inc.0.000.000.000.000.00-40,096.23-40,096.23
052-JupiterCenterSouthVectorControlsLLC0.000.000.000.000.00-9,411.60-9,411.60
052 - Jupiter Center South 0.000.000.000.000.00-49,507.83-49,507.83
053-WatersRidgeTech2HorizonHealthCorporation0.000.000.000.000.00-3,386.46-3,386.46
053-WatersRidgeTech2HoyaOpticalLabsOfAmerica,Inc.0.000.000.000.000.00-17,249.60-17,249.60
053 - Waters Ridge Tech2 0.000.000.000.000.00-20,636.06-20,636.06
054-WatersRidgeTech3FordMotorCompany0.000.000.000.000.00-17,727.96-17,727.96
054-WatersRidgeTech3AllegianceTrucks0.000.000.000.000.00-836.80-836.80
054 - Waters Ridge Tech3 0.000.000.000.000.00-18,564.76-18,564.76
055-TollwayMinimallyInvasiveVascularCenters,LLC3,902.163,902.160.000.000.000.003,902.16
055-TollwayAllCarefoot&Ankle,LLC0.000.000.000.000.00-4,544.17-4,544.17
055-TollwayJeffersonPhysicianGroup,P.A.1,887.771,760.15127.620.000.000.001,887.77
055-TollwayNathanResearch,Inc.200.00200.000.000.000.000.00200.00
055-TollwayJameson&Powers,P.C.0.000.000.000.000.00-5,237.79-5,237.79
Tollway6,333.676,206.05127.620.000.00-13,387.71-7,054.04
PropertyNameCurrent0-3031-6061-90OverPre-Total OwedOwedOwedOwed90 OwedPaymentsOwed
055-TollwayRameshRichardEvangelismandChurch Health0.000.000.000.000.00-3,605.75-3,605.75 055-TollwayRayLevyPhDPCandAssociates343.74343.740.000.000.000.00343.74 055 -
Grand Total9,451.478,809.557,842.120.00-7,200.20-327,815.58-318,364.11 050 - Skyway Circle 052 - Jupiter Center South UserId:steve@kenningtoncommercial.comDate:10/26/2022Time:9:49AM 053 - Waters Ridge Tech 2 054 - Waters Ridge Tech 3 055 - Tollway Page 2 of 2
PROPERTY MANAGEMENT & ACCOUNTING REPORTS
GENERAL LEDGER
OWNER’S REPORT
meet your new[ [ Capital Projects By clicking the link above, you can VIEW and DOWNLOAD the following: Property Overview Financial Report Leasing Updates Owner’s Report OWNER PORTAL CONCIERGE CLICK HERE TO ACCESS KPH PORTAL 214.599.9996 | info@52management.com
PROPERTY MANAGEMENT & ACCOUNTING REPORTS
BANK RECONCILIATION
OWNER’S REPORT
Tollway-Operating 10/3/2022
Posted by: sdobbs on 10/3/2022
Balance Per Bank Statement as of 9/30/2022 59,815.82
Outstanding Deposits
Deposit Date Deposit Number Amount
9/30/2022 10 9,088.34
Outstanding Deposits 9,088.34
Check Date Check Number
Amount
9/19/2022 162 dmg01 - Dallas Mechanical Group 12,183.54
Less: Outstanding Checks 12,183.54
Reconciled Bank Balance 56,720.62
Balance per GL as of 9/30/2022 56,720.62
Reconciled Balance Per G/L 56,720.62
Difference (Reconciled Bank Balance And Reconciled Balance Per G/L) 0.00
Date Tran # Notes Amount Date Cleared
8/25/2022
8/25/2022
9/1/2022
9/1/2022
9/1/2022
9/1/2022
ali01 - A Litter Help, LLC 270.63 9/30/2022
v0000075 - Gexa Energy 7,159.82 9/30/2022
acm01 - Acme Commercial Services 1,030.54 9/30/2022
car05 - Carter Pest Control LLC 189.44 9/30/2022
dmg01 - Dallas Mechanical Group 692.80 9/30/2022
gff01 - GFF, Inc. 3,103.24 9/30/2022
9/1/2022 154 pok01 - Pokey O's 621.36 9/30/2022
9/1/2022 155 tid01 - Tidy Aire, Inc. 303.10 9/30/2022
9/1/2022
v0000019 - Bagby Elevator Company, Inc. 155.83 9/30/2022
9/1/2022 157 v0000020 - Simpson Landscape Maintenance, Inc. 1,000.00 9/30/2022
9/1/2022
v0000089 - Infassure 703.63 9/30/2022
9/7/2022 159 ken30 - Kennington Commercial Management 8,813.13 9/30/2022
9/7/2022
9/19/2022
9/19/2022
9/19/2022
9/19/2022
9/19/2022
9/19/2022
9/19/2022
9/19/2022
ken30 - Kennington Commercial Management 2,902.61 9/30/2022
acm01 - Acme Commercial Services 6,950.70 9/30/2022
int03 - Integrity Lighting LLC 852.60 9/30/2022
ove02 - Overtaxed, Ltd. 15,564.15 9/30/2022
v0000018 - Rhino Removal 528.96 9/30/2022
v0000019 - Bagby Elevator Company, Inc. 155.83 9/30/2022
v0000020 - Simpson Landscape Maintenance, Inc. 5,194.69 9/30/2022
v0000029 - Expert Services, LLC 8,690.03 9/30/2022
v0000069 - Texas Safe & Lock 14,473.31 9/30/2022
Cleared Items: Cleared Checks
144
146
150
151
152
153
156
158
160
161
163
164
165
166
167
168
169
Plus:
Outstanding Checks
Payee
1201445606
Bank Reconciliation Report 9/30/2022
Tollway-Operating
Bank Reconciliation Report
by: sdobbs on 10/3/2022
Cleared Checks
Date Tran # Notes
Amount Date Cleared 9/26/2022
ken30 - Kennington Commercial Management 2,703.40 9/30/2022
Total Cleared Checks 82,059.80 Cleared Deposits
Date Tran # Notes
9/6/2022
9/6/2022
9/8/2022
9/8/2022
9/9/2022
9/12/2022
9/15/2022
Amount Date Cleared
:ACH Deposit 7,318.13 9/30/2022
20,069.42 9/30/2022
:ACH Deposit 9,940.30 9/30/2022
8,028.54 9/30/2022
:ACH Deposit 34,398.16 9/30/2022
24,065.67 9/30/2022
10,174.00 9/30/2022
9/16/2022
9/21/2022
:ACH Deposit 5,833.75 9/30/2022
:ACH Deposit 742.51 9/30/2022 9/21/2022
:ACH Deposit 9,940.30 9/30/2022
9/21/2022
9/27/2022
Total Cleared Deposits
Cleared Other Items
3,605.75 9/30/2022
35,000.00 9/30/2022 9/26/2022
5,229.75 9/30/2022
Date Tran # Notes
Amount Date Cleared 9/6/2022
7222 9/22 Loan Pmt -15,747.57 9/30/2022 9/20/2022 RC 19857 Returned item t0004830 -34,398.16 9/30/2022 9/30/2022 JE 7314 9/22 Bank Analysis -82.07 9/30/2022
Total Cleared Other Items
170
4
30
5
31
6
32
33
7
8
9
34
35
36
174,346.28
JE
-50,227.80 1201445606
10/3/2022
9/30/2022 Posted
-
Bank Reconciliation
Balance Per
Outstanding Deposits
Posted by: sdobbs on 10/3/2022
as of 9/30/2022 354,118.64
10/3/2022
Deposit Date Deposit Number Amount
9/30/2022 744 8,838.32
9/30/2022 745 57,213.24
Plus: Outstanding Deposits 66,051.56
Outstanding
Check Date Check Number Payee Amount
8/5/2022 3529 pre03 - Preston Pierce Construction Co. 32,901.89
8/25/2022 3569 dal03 - The Dallas Foundation 4,379.12
8/25/2022 3581 v0000083 - Tempo Air 5,295.00
9/19/2022 3602 car05 - Carter Pest Control LLC 1,694.11
9/28/2022 3627 dal03 - The Dallas Foundation 4,379.12
Less: Outstanding Checks 48,649.24 Reconciled Bank Balance 371,520.96
Balance per GL as of 9/30/2022 371,520.96
Reconciled Balance Per G/L 371,520.96
Difference (Reconciled
Balance Per G/L)
Date Tran # Notes Amount Date Cleared
8/5/2022 3502 alp02 - Alpha Glass and Mirror Co. Inc. 1,778.33 9/30/2022
8/5/2022 3537 v0000042 - Colt Concrete Asphalt, LLC 41,816.00 9/30/2022
8/12/2022 3547 jja01 - JJAC Construction, LLC 46,970.53 9/30/2022
8/17/2022 3554 ove02 - Overtaxed, Ltd. 800.00 9/30/2022
8/17/2022 3555 ove02 - Overtaxed, Ltd. 1,550.00 9/30/2022
8/18/2022 3558 car05 - Carter Pest Control LLC 2,100.05 9/30/2022
8/25/2022 3564 alp02 - Alpha Glass and Mirror Co. Inc. 591.05 9/30/2022
8/25/2022 3566 car05 - Carter Pest Control LLC 1,086.83 9/30/2022
8/25/2022 3570 dmg01 - Dallas Mechanical Group 6,407.96 9/30/2022
8/25/2022 3577 pre03 - Preston Pierce Construction Co. 1,812.93 9/30/2022
8/25/2022 3578 rep02 - Republic Services #794 118.38 9/30/2022
8/25/2022 3579 v0000005 - David Dike Fine Arts 16,236.00 9/30/2022
9/1/2022 3585 alp02 - Alpha Glass and Mirror Co. Inc. 337.74 9/30/2022
9/1/2022 3586 ame03 - American Fire Protection Group, Inc. 880.00 9/30/2022
9/1/2022 3587 atm01 - Atmos Energy 196.94 9/30/2022
9/1/2022 3588 att04 - AT&T 239.98 9/30/2022
9/1/2022 3589 car05 - Carter Pest Control LLC 810.80 9/30/2022
Cleared Items: Cleared Checks
Bank Statement
Checks
Bank Balance And Reconciled
0.00 742535161 KPH
Operating
Report 9/30/2022
Cleared Checks
Bank Reconciliation
Posted
Date Tran # Notes
sdobbs
Amount Date Cleared
9/1/2022 3590 cit01 - City Wide Building Services LLC 938.53 9/30/2022
9/1/2022 3591 fro01 - Frontier 374.59 9/30/2022
9/1/2022 3592 par01 - Partner Engineering and Science, Inc. 5,271.23 9/30/2022
9/1/2022 3593 pla01 - City of Plano 16,569.93 9/30/2022
9/1/2022 3594 rep02 - Republic Services #794 8,362.14 9/30/2022
9/1/2022 3595 ipf01 - IPFS Corporation 24,512.45 9/30/2022
9/1/2022 22325609012022 nor03 - NorthMarq Capital 17,877.36 9/30/2022
9/1/2022 22338609012022 nor03 - NorthMarq Capital 15,959.31 9/30/2022
9/1/2022 22382009012022 nor03 - NorthMarq Capital 17,608.99 9/30/2022
9/1/2022 22382209012022 nor03 - NorthMarq Capital 24,421.23 9/30/2022
9/1/2022 22400309012022 lin01 - Lincoln Financial 54,454.16 9/30/2022
9/1/2022 22425009012022 nor03 - NorthMarq Capital 30,045.56 9/30/2022
9/1/2022 22427209012022 nor03 - NorthMarq Capital 18,705.23 9/30/2022
9/1/2022 22431409012022 nor03 - NorthMarq Capital 24,763.82 9/30/2022
9/7/2022 3596 v0000027 - Dupons Consulting LLC 10,000.00 9/30/2022
9/7/2022 3597 ken30 - Kennington Commercial Management 142,589.47 9/30/2022
9/7/2022 3598 ken30 - Kennington Commercial Management 52,761.24 9/30/2022
9/19/2022 3599 bra01 - Bradford Realty Services of Dallas Inc. 3,127.38 9/30/2022
9/19/2022 3600 cal01 - Calhoun Bhella & Sechrest LLP 1,869.50 9/30/2022
9/19/2022 3603 cdc01 - C & D Commercial Services, Inc. 2,208.30 9/30/2022
9/19/2022 3604 cit01 - City Wide Building Services LLC 441.66 9/30/2022
9/19/2022 3605 dig01 - Digi Security Solutions 371.21 9/30/2022
9/19/2022 3606 fre01 - Freepoint Energy Solutions LLC 11,120.87 9/30/2022
9/19/2022 3607 gua01 - Guard Texas 518.30 9/30/2022
9/19/2022 3608 hol02 - Holt Lunsford Commercial 7,795.19 9/30/2022
9/19/2022 3609 hsc01 - Hopson Services Company, Inc. 2,401.25 9/30/2022
9/19/2022 3610 int02 - Interprise/Southwest Interior & Space Design, Inc. 1,005.00 9/30/2022
9/19/2022 3611 kel01 - K-Electric Co. 405.94 9/30/2022
9/19/2022 3612 lee01 - DFW Lee & Associates, LLC 3,680.08 9/30/2022
9/19/2022 3613 mas02 - Massey Services, Inc. 75.78 9/30/2022
9/19/2022 3614 rep02 - Republic Services #794 1,808.43 9/30/2022
9/19/2022 3615 sps01 - SPSD, Inc. 45,799.92 9/30/2022
9/19/2022 3616 str01 - Stream Realty Partners DFW LP 8,026.15 9/30/2022
9/19/2022 3617 tid01 - Tidy Aire, Inc. 54.13 9/30/2022
9/19/2022 3618 v0000002 - Hudson Energy Services, LLC 654.54 9/30/2022
9/19/2022 3619 v0000013 - City of Lewisville 4,642.11 9/30/2022
9/19/2022 3620 v0000036 - Sunwest Management Company 13,412.65 9/30/2022
9/19/2022 3621 v0000048 - Mitec 329.00 9/30/2022
9/19/2022 3622 v0000069 - Texas Safe & Lock 211.03 9/30/2022
9/19/2022 3623 v0000094 - Cushman & Wakefield 4,735.70 9/30/2022
9/19/2022 3624 hsc01 - Hopson Services Company, Inc. 1,299.00 9/30/2022
9/19/2022 3625 ken30 - Kennington Commercial Management 1,932.96 9/30/2022
9/26/2022 3626 ken30 - Kennington Commercial Management 49,139.24 9/30/2022
9/28/2022 3628 ken26 - Craig Kennington CCC Trust 37,007.14 9/30/2022
9/28/2022 3629 ken27 - Clark Kennington CCC Trust 40,000.00 9/30/2022
9/28/2022 3630 ken28 - Clayton Kennington CCC Trust 40,000.00 9/30/2022
9/28/2022
ken30 - Kennington Commercial Management 2,992.86 9/30/2022
3631
Total Cleared Checks 876,014.08 742535161 KPH - Operating 10/3/2022
Report 9/30/2022
by:
on 10/3/2022
KPH - Operating 10/3/2022
Bank Reconciliation Report 9/30/2022
Posted by: sdobbs on 10/3/2022
Cleared Deposits
Date Tran # Notes
Amount Date Cleared
8/31/2022 712 :ACH Deposit 4,017.25 9/30/2022
8/31/2022 713 :ACH Deposit 18,111.17 9/30/2022
9/1/2022 714 :ACH Deposit 15,799.20 9/30/2022
9/1/2022 715 :ACH Deposit 18,416.02 9/30/2022
9/1/2022 716 :ACH Deposit 4,977.23 9/30/2022
9/1/2022 717 :ACH Deposit 5,473.97 9/30/2022
9/1/2022 718 :ACH Deposit 6,799.80 9/30/2022
9/1/2022 719 :ACH Deposit 8,189.20 9/30/2022
9/1/2022 720 :ACH Deposit 18,143.60 9/30/2022
9/1/2022 2108 9,664.82 9/30/2022
9/1/2022 2109 13,609.00 9/30/2022
9/1/2022 2110 18,958.49 9/30/2022
9/1/2022 2111 30,473.05 9/30/2022
9/2/2022 721 :ACH Deposit 110,505.46 9/30/2022
9/2/2022 722 :ACH Deposit 36,850.23 9/30/2022
9/2/2022 723 :ACH Deposit 17,916.54 9/30/2022
9/2/2022 724 :CC Deposit 2,294.76 9/30/2022
9/2/2022 2112 6,808.67 9/30/2022
9/2/2022 2113 11,581.00 9/30/2022
9/3/2022 725 :ACH Deposit 15,989.90 9/30/2022
9/3/2022 726 :ACH Deposit 4,007.13 9/30/2022
9/4/2022 727 :ACH Deposit 3,639.96 9/30/2022
9/4/2022 728 :ACH Deposit 5,913.65 9/30/2022
9/4/2022 729 :ACH Deposit 27,250.00 9/30/2022
9/6/2022 730 :ACH Deposit 55,112.20 9/30/2022
9/6/2022 2115 38,855.99 9/30/2022
9/6/2022 2116 170,784.10 9/30/2022
9/7/2022 731 :CC Deposit 2,332.50 9/30/2022
9/8/2022 732 :CC Deposit 6,097.98 9/30/2022
9/8/2022 2117 11,191.96 9/30/2022
9/8/2022 2118 1,600.00 9/30/2022
9/9/2022 733 :ACH Deposit 8,403.16 9/30/2022
9/9/2022 2119 3,444.28 9/30/2022
9/9/2022 2120 9,683.04 9/30/2022
9/10/2022 734 :ACH Deposit 3,937.97 9/30/2022
9/11/2022 735 :ACH Deposit 5,000.00 9/30/2022
9/12/2022 2121 4,703.18 9/30/2022
9/13/2022 736 :ACH Deposit 4,000.00 9/30/2022
9/13/2022 2122 9,142.58 9/30/2022
9/14/2022 737 :ACH Deposit 1,000.00 9/30/2022
9/14/2022 738 :CC Deposit 2,500.00 9/30/2022
9/14/2022 2123 4,590.03 9/30/2022
9/19/2022 2124 17,881.00 9/30/2022
9/20/2022 2125 35,165.74 9/30/2022
9/20/2022 2130 4,590.03 9/30/2022
9/21/2022 2126 8,270.00 9/30/2022
9/22/2022 739 :ACH Deposit 5,900.49 9/30/2022
9/22/2022 740 :CC Deposit 3,263.40 9/30/2022
9/23/2022 2127 8,964.16 9/30/2022
9/26/2022 2128 15,409.43 9/30/2022
9/26/2022 2129 28,250.45 9/30/2022
742535161
Bank Reconciliation Report
Posted by: sdobbs on 10/3/2022
Cleared Deposits
Date Tran # Notes
Amount Date Cleared
9/26/2022 2131 12,075.02 9/30/2022
9/27/2022 741 :ACH Deposit 23,119.53 9/30/2022
9/27/2022 2132 4,590.03 9/30/2022
9/27/2022 2133 2,793.39 9/30/2022
9/28/2022 742 :ACH Deposit 22,577.90 9/30/2022
9/28/2022 2134 6,284.10 9/30/2022
9/29/2022 743 :ACH Deposit 1,809.97 9/30/2022
9/29/2022 2135 8,445.58 9/30/2022
9/30/2022 2136 18,958.49 9/30/2022
9/30/2022 2137 17,249.60 9/30/2022
9/30/2022 2138 9,664.82 9/30/2022
9/30/2022 2139 4,407.00 9/30/2022
9/30/2022 2140 9,411.60 9/30/2022
Total Cleared Deposits 1,026,850.80
Cleared Other Items
Date Tran # Notes
9/1/2022
Amount Date Cleared
JE 7215 9/22 National Carwash 1,846.53 9/30/2022
9/1/2022 JE 7249 9/22 Waters Ridge Loan Pmt -49,311.54 9/30/2022
9/16/2022
9/21/2022
JE 7251 2022 TX Franchise Tax Addt'l -962.68 9/30/2022
JE 7250 9/22 Loan Pmt -21,808.58 9/30/2022
9/21/2022 JE 7252 Reimb HK 2022 TX Franchise Tax Addt'l 20,962.68 9/30/2022
9/21/2022 JE 7258 Refund Overpmt from 2021 103.84 9/30/2022 9/26/2022 JE 7287 9/22 Interest Pmt on Line of Cr -17,298.18 9/30/2022
Total Cleared Other Items -66,467.93
742535161 KPH - Operating 10/3/2022
9/30/2022
RENT ROLL PROPERTY MANAGEMENT & ACCOUNTING REPORTS
OWNER’S REPORT
RENT ROLL
KENNINGTON PROPERTY HOLDINGS
Alpha Plaza 75,383 10,889 86%
Midway Centre 46,064 1,875 96%
Campbell Creative Center 96,991 15,886 84%
Placid 66,473 4,800 93%
Research 159,958 - 100%
Valley View 43,740 - 100%
Alpha Business Center 50,109 - 100%
Skyway Circle 62,028 - 100%
Jupiter Center North 43,680 - 100%
Jupiter Center South 82,805 - 100%
Waters Ridge Tech 2 33,346 - 100%
Waters Ridge Tech 3 75,087 15,457 79%
Tollway 57,602 9,743 83%
58,650 93.4%
OCTOBER 2022
# Building Total SF Vacant Occupancy 27
30
35
37
44
46
49
50
51
52
53
54
55
PORTFOLIO 893,266
MANAGEMENT &
MANAGEMENT FEE CALCULATION
OWNER’S REPORT
PROPERTY
ACCOUNTING REPORTS
Mgmt
027 -Alpha Plaza 04percen 95,871.30 4.000000 3,834.85 N/A 0.00 3,834.85 08-2022 P-16713 09/01/2022 09-2022
030 -Midway Center 04percen 45,372.39 4.000000 1,814.90 N/A 0.00 1,814.90 08-2022 P-16716 09/01/2022 09-2022
035 -Campbell 1 04percen 86,144.81 4.000000 3,445.79 N/A 0.00 3,445.79 08-2022 P-16719 09/01/2022 09-2022
037 -Placid 04percen 64,126.61 4.000000 2,565.06 N/A 0.00 2,565.06 08-2022 P-16722 09/01/2022 09-2022
044 -Research Center 04percen 186,215.10 4.000000 7,448.60 N/A 0.00 7,448.60 08-2022 P-16724 09/01/2022 09-2022
046 -Valley View Commerce Center04percen 54,418.58 4.000000 2,176.74 N/A 0.00 2,176.74 08-2022 P-16727 09/01/2022 09-2022
049 -Alpha Business Center 04percen 64,470.02 4.000000 2,578.80 N/A 0.00 2,578.80 08-2022 P-16731 09/01/2022 09-2022
050 -Skyway Circle 04percen 41,348.29 4.000000 1,653.93 N/A 0.00 1,653.93 08-2022 P-16733 09/01/2022 09-2022
051 -Jupiter Center North 04percen 36,850.23 4.000000 1,474.01 N/A 0.00 1,474.01 08-2022 P-16736 09/01/2022 09-2022
052 -Jupiter Center South 04percen 98,118.19 4.000000 3,924.73 N/A 0.00 3,924.73 08-2022 P-16729 09/01/2022 09-2022
053 -Waters Ridge Tech 2 04percen 52,769.63 4.000000 2,110.79 N/A 0.00 2,110.79 08-2022 P-16738 09/01/2022 09-2022
054 -Waters Ridge Tech 3 04percen 82,026.39 4.000000 3,281.06 N/A 0.00 3,281.06 08-2022 P-16741 09/01/2022 09-2022
055 -Tollway 04percen 64,276.62 4.000000 2,571.07 N/A 0.00 2,571.07 08-2022 P-16744 09/01/2022 09-2022
10/25/22 6:12 PM Page 1 of 1
Fee Net Billing Management Tax As Of Payable Tran Post Property Code Amount Rate Fee Tran Type Tax Total Month Ctrl# Date Month
Management Fee Register Summary Property = KPH Management Fees (.kphfees) Fee Pool = All Fee Pools Fee Date = 09/01/2022 As Of Month= 08/2022 to 08/2022
ASSET MANAGEMENT REPORTS
OWNER’S REPORT
CASH FLOW SUMMARY
SEE HANDOUT KPH
ASSET MANAGEMENT REPORTS
SEE HANDOUT CASH FLOW PROJECTIONS SUMMARY ASSET MANAGEMENT REPORTS
MANAGEMENT REPORTS
LEASING REPORTS
OWNER’S REPORT
ASSET
BRADFORD RETAIL LEASING
OWNER’S REPORT
ALPHA PLAZA - MARKETING UPDATE - OCTOBER 18, 2022 4885 - 4887 ALPHA ROAD, FARMERS BRANCH, TEXAS 75244 4885 ALPHA RD 4887 ALPHA RD 4887 ALPHA RD SUITE2505,040SF GameShowBattleRooms SUITE 260 4,183 SF SUITE 125 3,600 SF Bella Bra Shop SUITE2403,360SF GEAofTexas SUITE 270 4,000 SF Live Arts Conservatory SUITE 290 2,772 SF Cantera Doors SUITE 100 4,999 SF Euro Living Furniture SUITE 285 2,177 RSF Aussie Grind SUITE 155 4,875 SF Gowns of Grace Judy Nordseth Photography SUITE 200 3,340 SF SUITE 205 6,600 SF ManaCare SUITE2203,880SFManaCare SUITE 275 4,800 SF Escape Room SUITE 295 2,696 SF Alexander Otis Collection SUITE 115 2,542 SF Urban Spikes SUITE 120 2,376 SF SUITE 210 6,300 SF David Dike Fine Art SUITE 195 1,875 SF Window Season 2022 EXPIRATION VACANT PROSPECTS SUITE # SF NOTES Singularity Salon 120 2,376 Waiting on Tenant executed LOI. Urban Spikes 110 2,376 Expansion discussions. ESP Fitness 205 6,600 Toured and in discussions. Allure Clothing 280 1,618 Toured and interest level is high. SUITE 288 1,928 SF Kitchen Social SUITE 280 1,618 SF SUITE 110 2,383 SF
Leasing Activity Report
Bradford Retail
RENEWALS & EXPANSIONS
ALPHA PLAZA
Urban Spikes (Expansion) Alpha Plaza 110 2,422 6/29/22 Met with to discuss expansion.
7/18/22 Space plan created.
9/15/2022
10/17/2022
Manacare (2/28/2023) Alpha Plaza 205/220 10,480 9/9/2022
Tenant has engaged Mowax and they are creating final plan.
Tenant and consultant have been back at the suite several times. They hope to have final design by this week.
Tenant has reached out about a second extension.
10/17/2022
Alexander Otis (3/31/2023) Alpha Plaza 295 2,696 10/17/2022
PROSPECTIVE TENANTS
ALPHA PLAZA
Allure Alpha Plaza 280 1,618 10/17/22
Tenant would like to extend for 6 months and are ready for the paperwork. They would also commit to 12 months, if approved by Kennington.
No update pending rental payment status.
Toured with tenant on 10/13. Interest level is very high. Owned a clothing boutique in Seattle for 17 years.
Singularity Salon Alpha Plaza 120 2,376 4/15/22 Deal has resurfaced. Expecting LOI from tenant this week. Broker is Jason Finch w/ Bradford. 5/11/22 Sent proposal. 64 mos.; $15/sf w/ 3% ann. inc.; $30/sf in TI. 5/18/22 Received counter. Reviewing.
7/1/22 Sent tenant counter proposal. 7/19/22 Broker expects to have a response to us by Wednesday. 9/19/2022 Tenant submitted GC application and sent updated financials to Kennington.
2 outstanding deal points.
10/6/22 The deal has become stalled out because Robert is having some push back from his colleagues about making another move. Discuss on call.
Tenant
Property Space Area (SF) Date Last Activity
10/17/2022 Sent final LOI to broker on
Novak Brewing Alpha Plaza 110/120 2,500 8/29/22 Toured and following up. 10/17/2022 No update.
ESP Fitness Alpha Plaza 205 6,600 9/15/2022
VACANCIES
10/17/2022
Toured and Tenant has requested second tour. They brought their GC to first tour.
Tenant deciding with partners what their timing would be and if this would be enough space for them.
Alpha Plaza 110 2,422
Deal working with Urban Spikes. Alpha Plaza 120 2,376 Deal working with Singularity Salon.
Alpha Plaza 260 4,183 Vacant
Alpha Plaza 280 1,618 Vacant
RECENTLY LEASED
Alpha Plaza 275 4,800 4/11/22 Ultimate Escape Game
Alpha Plaza 220 3,880 5/25/22 ManaCare Health LLC
Alpha Plaza 285 2,177 6/21/22 Aussie Grind
AlphaPlaza 288 1,928 8/15/2022 KitchenSocial
PROSPECTS SUITE # SF NOTES Art Academy Studios 14462 1,875 Toured space, following up. Breaking Brew Meadery 14438 1,950 Discussing renewal/expansion. Wallpaper Place 14462 1,875 Drafting leases. Edible Arrangements 14446 1,875 Drafted renewal proposal. 14438 14436 MIDWAY 3,934 SF Weg’s Guns 14476 MIDWAY 2,938 SF A-One Engraving 14440 MIDWAY 1,950 SF VertiCon Construction 14460 MIDWAY 1,875 SF Valencia Theatre Seating 14464 MIDWAY 1,875 SF 14466 MIDWAY 1,450 SF AAT Financial Services 14452 MIDWAY 1,859 SF Amy’s Studio 14468 MIDWAY 2,300 SF MMB Strategy 14454 MIDWAY 1,875 SF Chioma Total Body 14462 MIDWAY 1,875 SF 14448 MIDWAY 3,750 SF Heritage House Clocks 14446 MIDWAY 1,875 SF Edible Arrangements 10/31/22 14430 MIDWAY 3,885 SF Signarama 14442 MIDWAY 1,950 SF Overton Family Jewels 14438 MIDWAY 1,950 SF Breaking Brew Meadery 14456 MIDWAY 3,750 SF Rock a Snap Photography 14444 MIDWAY - 1,950 SF Mimi’s Upholstry 14472/74 MIDWAY 5,042 SF Baley’s Bridal 2022 EXPIRATION VACANT MIDWAY CENTER - MARKETING UPDATE - OCTOBER 18, 2022 14430 - 14476 MIDWAY ROAD, FARMERS BRANCH, TEXAS 75244
Tenant
Edible Arrangements (10/31/2022)
Breaking Brew Meadery (4/30/2023)
Leasing Activity Report
Bradford Retail
Activity RENEWALS & EXPANSIONS
MIDWAY
Midway 14446 1,875
9/14/22 Made proposal for 5-year renewal.
10/17/22 We made a proposal and have had 2 conversations regarding a counter. We are waiting on the tenant.
Midway 14438 1,950 4/15/22 Broker is Jake Dryer w/ KW Commercial. Reached out saying they need more space. Taproom will stay in place but need an additional 2,500 - 3,000 SF of brewing space. Needs to be contiguous. Would like to expand in the next 60-90 days.
5/13/22 Sent renewal proposal. 5-years; $16/sf w/ 3% ann. inc.; as-is. Tenant has mentioned square footage discrepency from original lease.
7/18/22 They are exploring other options for production space, but still hoping to keep tap room at Midway Center. Broker should know more next week.
8/8/2022 Reached out to broker for update
9/15/22 Continuing to follow up on renewal proposal.
10/17/2022 Waiting on update from broker.
A-One Engraving (3/31/2023) Midway 14476 2,938 10/17/2022
Sent email for initial contact and to get process started. Mimi's Upholstery (4/30/2023)
Midway 14444 1,950 10/17/2022 Stopped by Mimi's drop off business card and to discuss renewal.MMB Strategy (5/31/2023)
Midway 14468 2,300 10/17/2022 Sent email for initial contact and to get processs started.
PROSPECTIVE TENANTS
MIDWAY
Wallpaper Place Midway Center 14462 1,875 10/17/22 Drafting Leases. Salon Kindle Midway Center 14464 1,875 10/17/22 Toured on 10/12/2022. Currently in Addison, but building is being torn down. Timing is not immediate, but will need to relocate.
Property Space Area (SF) Date Last
Art Academy Studio Midway 14464 1,875 8/2/22 Toured and following up with broker.
9/16/22 Following up with broker. Tenant pursuing filing with state and franchise.
10/17/22 Following up with broker. Novak Brewing Midway 14438 1,950 8/29/22 Toured Alpha Plaza but would be very interested in Breaking Brew space if they do not renew.
10/17/2022 No update.
VACANCIES
Midway 14462 1,875 Drafting leases Wallpaper Place Midway 14464 1,875 Vacant
RECENTLY LEASED
Midway Center 14454 1,875 1/13/22 CHIOMA Total Body Midway Center 14466 1,450 2/8/22 AAT Financial Services
Midway Center 14456 3,750 2/23/22 Rock A Snap Photography Midway Center 14448 3,750 3/31/22 Heritage House Clocks Midway Center 14468 2,300 5/25/22 MMB Strategy Midway Center 14422 1,950 7/26/2022 Overton Family Jewels
Midway Center 14460 1,875 8/31/2022 Valencia Theater Seating
FLEX LEASING
OWNER’S REPORT BRADFORD
Leasing
PROSPECTIVE
Activity Report Bradford Flex Tenant Property Space Area (SF) Date Last Activity RENEWALS & EXPANSIONS VALLEY VIEW Strippit (10/31/2023) Valley View 140 6,936 Essential Formulas (11/30/2023) Valley View 180 7,740
TENANTS VALLEY VIEW VACANCIES RECENTLY LEASED Valley View 100 19,200 2/17/22 Bridgeway Prep Renewal
OWNER’S REPORT BRADFORD RICHARDSON/PLANO
1210 EAST 19,783CAMPBELL SF 1200 EAST 25,560CAMPBELL SF 1219DIGITALDRIVE 22,002SF 1217DIGITALDRIVE 26,935SF DIGITALDRIVE CAMPBELLROAD 4,660 SF #120 #1306,168 SF #11010,370 #10825,437 #100 6,114 SF #160 6,746 SF#130 15,098 SF #100 4,465SF #110 2,992SF #120 3,591SF #130 3,891SF #140 2,993SF #150 4,466SF CAMPBELL CREATIVE CENTER 1200/1210 E CAMPBELL RD 1217/1219 DIGITAL DR RICHARDSON, TX 75081
Leasing Activity Report
Bradford
Tenant Property Space Area (SF) Date
RENEWALS & EXPANSIONS
Last Activity
Brazen
10/20/21
Brazen's broker reached out asking about the vacancy next door. Early stages but Brazen might have interest.
11/15/21
1/18/22
3/9/22
7/15/22
Broker said there is a decent chance we may get an offer for them to expand after Thanksgiving.
Broker said to pursue other deals for the space and to not count on Brazin taking it.
Brazen officially declined their ROFR
Brazens broker reached out saying they might have renewed interest in expanding.
8/16/22 Followed up with broker No further updates yet.
ReachedouttoJeffEiting. Mentioned
TENANTS
Toured 10/12/22 Senthimspecplanto
hasa
forapproximately 10,000
15,000
witha
Animation (10/31/30) 1210 Campbell 110 10,370
Tech Co/ Blake Troiani 1210 Campbell 120 4,660 GEA of Texas 1210 Campbell 120 4,660 Undisclosed/ Jackson Nathaniel 1217 Digital 130 11,226 Solar Panel company/ Stream 1217 Digital 130 11,226 1217 Digital 130 11,226 1210 Campbell 120 4,660 1219 Digital 140 2,993 7/18/22 Leased to Versar 10/1/22 Leased to Direct Line
CCC PROSPECTIVE
CCC VACANCIES RECENTLY LEASED 9/15
unsolicited proposal. 10/10/22
review 10/3/22 JLL
clientlooking
–
RSF ofoffice/flexspace 10/7/22 Streamisworking
Solar Panelcompanyneedingflex Office. 1219 Digital 110 2,992
Tenant
Leasing Activity Report
Bradford
RENEWALS & EXPANSIONS
JUPITER
PROSPECTIVE TENANTS
JUPITER
Undisclosed / Jacki Ku 2201 10th St 150/Enseo Giveback 19,386
Undisclosed/ Brandon Kilinger 2201 10th St 150/Enseo Giveback 19,386
Undisclosed/ Jack Brewer 2201 10th St 150/Enseo Giveback 19,386 2201 10th St 150/Enseo Giveback 19,386
VACANCIES
RECENTLY LEASED
Activity
10/11 Sentflyerandfloorplan
10/10
10/6
Inquiredaboutrateand clearheight
Newmarkhasa19K requirement. Sentflyerandfloorplan.
Property Space Area (SF) Date Last
Leasing Activity Report
Bradford
RENEWALS & EXPANSIONS
10/9/22 Toured.
Activity
DanCar
1/25/21
DanCar reached out saying they would consider giving up part or all of their space. Discussed terms for a relocation to 1219 Digital.
2/10/21 DanCar decided to not move forward with relocating to CCC.
11/15/21 They said they likely want to renew Agreed to touch base Q1 12/17/21 We are on hold.
6/21/22
Drafted
proposal for them
7/22/22 Sentthem
TENANTS
RECENTLY LEASED
Tenant Property Space Area (SF) Date Last
Tech Co/ Blake Troiani Placid 400 4,800
(11/30/22) Placid 700 7,193
renewal
Placid 400 4,800 Placid 100 10,008 5/9/22 Leased to Rackmount Placid 400 4,800 5/19/22 Leased to Relax & Retreat
PLACID PROSPECTIVE
PLACID VACANCIES
Theyneedabitmore officeandsomeproduction space
aresponse renewalproposal Placid 300 7,200 7/21/22 Hisco Renewal Placid 500 7,860 8/16/22 Relax and Retreat relocation/expansion
E. PLANO l r: II II II II II II II II II ) JJ' 'RESEARCH DRIVE « I iii I I I II liillllllliillllllllllllliilll ) .2b00DRIVERESEARCH **5 1 00 2 1, 430 SF 2600DRRESEARC-H I VE *'5200 1 6,170 SF NORTH SHEET NO:A1OF 5Q) 0 Vl E > .,m<.Oi:: Q) <.0 Vl <.0 c ' (./') g · &" 00 QJ " C cvi-g Q) .!: Q -.......-&') .--...._ \) lL 0l Ul «J d) () w 1..{) > \J_\) L.. 11:': 11) Q) D e __.____. Iw ............ Z> C IU Q) () I () 21<( ...C 'tDtH u () L.. l[) () lL IT"C r -&'l () z 'v -....... o <( Q) x-r...J 1-()f'l lL en -&') -....... w Q) () -......_ () != z()() Ul ,v So-&') <( L.1... I)_ -&') 0l
Leasing Activity Report
RENEWALS & EXPANSIONS
TENANTS
10/20/20
10/26/20
8/16/21
10/5/21
Talking to Stephen
11/5/21
12/30/21
2/2/22
2/9/22
7/26/22
10/17/22
10/10/22
potentially
and expanding into CCC.
Sent proposal for them to lease 1219 Digital See notes from CCC page
They now need 35k SF. Toured him through 1501 Plano Rd
They need 35k SF in addition to what they currently have
They have looked at a space in Richardson and want to look at other options for expansion in Richardson & Plano
They now need 20k sf instead of 40k sf. Toured 1240 Campbell. No updates yet.
Sent unsolicited proposal for 1240 Campbell
Likely going to focus on their other option still. Their needs could still change though.
Leasedexpansionspaceon AlmainRichardson.
haveadditional
needs in2023.Saidtheywould keepusposted.
SentJackie
3 100.
8,000SF.
dueto
has
Bradford Tenant Property Space Area (SF) Date Last Activity DTN, Inc (12/31/22) Research 3 100 7,855 Adaptive 3D Technologies (6/30/24) Research 2-300 8,924
about
moving
Undisclosed/ Jackie Ku 600 Development 3 100 7,855 Dog Daycare/ Ryan Moseley 600 Development 3 100 7,855
RESEARCH PROSPECTIVE
RESEARCH LeaseExpiration: 12/31/2022
Might
space
flyerandfloor plan forsuite
She
client needing
NationalDogDay Care/Boarding conceptreachedoutfor information. Passed
use.
Telecom Company/ Woodley Real Estate Mary Fabela
600 Development 3 100 6,000 8,000 7/5/22 Initial inquiry
USA Renovations 600 Development 3 100 8,000 6/15/22
VACANCIES
Toured and received a RFP Sent response proposal 6/29/22 Trading proposals
7/20/22 Sent revised response proposal to them
7/7/22 Toured 8/9/22
tradedproposals.Sentbest andfinal.Brokerthoughtit wasaverygoodofferand hopestheywilltakeit. Supposedtomeetwithclient andgetbacktous. Nonews yet.
600 Development 3 100 7,855 current tenant vacates 12/31/22
RECENTLY LEASED
LEE & ASSOCIATES FLEX LEASING
OWNER’S REPORT
LEE & ASSOCIATES PROTECTION LIST Termination Notice Given: August 30th End of Term: September 30th Protection List Due: October 9th Final Lease Date for Commission: December 31st
SUNWEST
OWNER’S REPORT
FLEX LEASING
ELEC. F.E.C. F.E.C. F.E.C. F.E.C. F.E.C. F.E.C. F.E.C. F.E.C. F.E.C. DW DRIVE LAKEPOINTE LAKEWAY AS NOTED 1/30/2017 12-033 FN WATTERS RIDGE, LP LEWISVILLE, TEXAS 1965 LAKEPOINTE SCALE: ISSUE DATE: JOB NO: DALLAS, TX 972.385.9651www.GSOarchitects.comCOPYRIGHT C 2017 GSO ARCHITECTS, INC. THESE DRAWINGS, OR PARTS THEREOF, MAY NOT BE REPRODUCED IN ANY FORM, BY ANY METHOD, FOR ANY PURPOSE, WITHOUT PRIOR WRITTEN CONSENT FROM GSO ARCHITECTS, INC. FOR ILLUSTRATIVE PURPOSES ONLY NOT FOR LEASING DIMENSIONS OR CONSTRUCTION. ALL DIMENSIONS TO BE FIELD VERIFIED.LP
Leasing Activity Report Sunwest Tenant Property Space Area (SF) Date Last Activity RENEWALS & EXPANSIONS WATERS RIDGE II PROSPECTIVE TENANTS VACANCIES RECENTLY LEASED Hoya Optical Labs Waters Ridge II 200 11,194 3/14/22 Hoya Renewal - 3 years
RENEWALS&EXPANSIONS
WATERSRIDGEIII
K12 Waters Ridge III 400 15,814
9/28/22
Brokerreachedoutlettingus knowK12hasexpressed interestindownsizingand relocationwithinthe building.Theirbusiness modelhaschangeddueto Covid-19andtheyaredoing moreonlineteachingrather thanclassroomstyle,sothey nowonlyneedabout5,000 SFofofficespace
9/30/22 TouredK12tenantand brokerthroughsuite800as apotentialrelocationand rightsizingoftheirspace. Theysawthepotentialinthe spaceandbelieveitcould workforthemwithafew minormodifications.They willdiscusstheirneedswith theirbrokerandgetbackto ussoon
10/14 RelocationtoSuite800 proposaldelivered, contingentontheproposal toProtoTypeITtotakeK12's existingsuite400
PROSPECTIVETENANTS
Infinity Laboratories, LLC
Waters Ridge III 300 10,394 6/2/22
Undisclosed sanitation lab user needing 100% HVAC space/ no dock or grade level doors needed. Pending to tour 6/7
6/7/22 Toured suite 300 and appeared interested. They are national corporation with presence in Colorado, Utah, California, and looking to expand into TX markets Expect feedback in coming weeks.
6/22/22 Confirmed we are shortlisted to receive RFP this week. They submitted questions related to HVAC and power we sent to property management for assistance.
LeasingActivityReport Sunwest Tenant Property Space Area (SF) Date Last Activity
7/7/22 RFP received. We are the 1st building to receive a RFP. 1 other will receive one today. We are 1 of 2
7/11/22 LOI delivered
7/19/22 Called broker for update- we are 1 of 3. Client traveled all last week and catching up this week Broker expects update early next week. Other options are 1 bldg. nearby and client owned bldg. they have excess space they could lease from.
8/3/22 Left follow up message asking for response ETA
8/10/22 Brokers have client focused and has construction walk with Infinity set for 8/11 to walk the space.
8/14/22 Construction walk was postponed to 8/15 8/16.
8/22/22 Left follow up messages on construction walks and when they will have pricing and response to LOI.
8/26/22 They are expected to respond by early next week.
9/16/22 Called broker again for update and he is frustrated by his client moving so slow. Cannot get them to push forward They are not negotiating elsewhere, but are entertaining co habiting space with a client of theirs that has excess space.
10/1/22 Followed up again with Broker for an update. They don't have any new news to share. Still at a stand still
5/19/22
Initial inquiry; Initial need for 5 6,000 SF with an additional need for 2 4,000 SF for possible future expansion space; Industrial manufacturing group who would use this as a general office use
6/13/22 Left follow up message. Broker traveling.
7/11/22 Tour scheduled 7/13
SitePro Rentals Waters Ridge III
300 10,394
Para
7/13/22 Confirmed this is SitePro Rentals - national equipment rental co with several locations. Requirement grew from 5 10K sf Toured suite 300 and appeared interested with some TI performed. Loved the new courtyard. Expect feedback next week.
7/19/22 Confirmed we are on the short list. Expect RFP by end of week or Monday
8/3/22 RFP Received for 3 and 5 year terms
8/10/22 LOI delivered; Confirmed 4 RFP's were sent out
8/15/22 Awaiting initial test fit from Entos to send this week
8/16/22 Sent initial test fit Broker requested prelim bid Sent to McKenzie and need to confirm finishes.
8/23/22 Followed up with Broker for finish selections
8/29/22 Broker finally replied stating they are running numbers in all proposals now and should respond shortly.
9/14/22 Broker stated they are still awaiting direction from client.
10/12/22 Brokerfinallyprovided updatethattheyhavebeen workingonacompany acquisitionthatderailed theirspacesearch.Thatdid notgothroughandtheyare backontracktonegotiate. Requirementhasgrownup to15K.PresentedK12space
8/19/22 Initial inquiry
8/26/22 Followed up with broker to confirm that their necessary power is achievable here Setting tour list soon and awaiting his client's response to tour.
9/15/22 Tour scheduled for 10/5
Systems, Inc Waters Ridge III 800 5,071
10/5/22 TourofSuite800tookplace todaywithParaSystemsInc. Currentlyownabuildingin Carrolltonandarelookingto sellitandrelocate.Likedthe suiteandthearea.Touring multiplepropertiestoday andexpecttoreceivefurther feedbackfromthemlater thisweekorearlynext 10/17/22 FollowedupwithBrokerwho letusknowtheyarefocused onslightlysmalleroptionsat themoment
8/23/22
9/20/22 Tour scheduled for 9/30 of both Suites 300
800
9/30/22 TourofSuites300and400 (currentlyoccupiedbyK12) tookplacetoday.The companyisPrototypeIT currentlylocatedin LewisvilleoffMainStreet lookingtorelocateQ12023. Theyseemedveryinterested inbothsuitesandweexpect furtherfeedbackfromthem soon
10/6/22 Sentplanonsuite400that K12occupies.Theyreally likedtheideaofbeingunder 1roofvs.2separatesuites. 10/6/22 RFPrecievedforSuite400 10/14/22 LLProposaldelivered 10/18/22 Brokerexpectstodeliver theirresponsebyEODtoday ortomorrowmorning
ProtoType IT Waters Ridge III 300, 800 15,465
Initial inquiry
and
Waters Ridge III 300 10,386 Waters Ridge III 800 5,071 VACANCIES RECENTLYLEASED
OWNER’S REPORT THIRTY-FOUR COMMERCIAL OFFICE LEASING
17110 DALLAS PARKWAYDALLAS, TEXAS 75248 02-16-2022 1ST FLOOR MECH MECH MECH MECH MECH MECH MECH FIRST FLOOR SUITE 100 BENT TREE FAMILY PHYSICIANS 6,110 RSF SUITE 105MINIMALLY INVASIVE 4,772 RSF 100SUITE WALLACEDR. RSF1,240 SUITE 180 ALL 2,660CARE RSF SUITE 1,984AVAILABLE160 RSF SUITE 3,590EVANTELL140 LSF SUITE 130 AURORA 1,213INSURANCE RSF SUITE 125LIGHTHEADED495 RSF SUITE 120 FC 1,298MORTGAGE RSF 100SUITE WALLACEDR. RSF2,298 110SUITE WALLACEDR. RSF2,432
17110 DALLAS PARKWAYDALLAS, TEXAS 75248 02-16-2022 2ND FLOOR SECOND FLOOR MECH MECH MECH SUITE 212 & 214 BOHACH LAW 4,305 RSF AVAILABLE220SUITERSF6,387 SUITE 222 MARK FUGIT 876 RSF SUITE 2,627R.R.E.A.C.H.230 RSF SUITE 290 RAY LEVY & ASSOCIATES 2,750 RSF SUITE WORKSHOP286 STUDIOS 1,178 RSF SUITE 200 JEFFERSON PHYSICIANS 1,031 RSF SUITE 280 FIRST 1,942FINANCIAL RSF 284SUITE LAMBSROARING RSF746 INC.RESEARCH201SUITENATHAN RSF1,278 AVAILABLE205SUITERSF1,372 SUITE 208 JAMESON & POWERS 1,325 RSF SUITE 1,978AVAILABLE206 RSF SUITE 210 FLAGG LAW 1,715 RSF
Tenant
WorkShop
(12/31/22)
Thirty-FourCommercial
RENEWALS&EXPANSIONS Tollway
N Dallas Pky 220 4,500 9/19/2022
10/12/2022
Sent LL best and final renewal proposal on 9/19.
AmendmentsenttoTenant Broker
10/17/2022 Needremainingvacancy measuredtomarket
Bent Tree Physicians N Dallas Pky 100 6,110 9/21/2022
Received TI requests from Tenant To discuss Nathan Research N Dallas Pky 201 1,278 9/19/2022
FC Lending
10/17/2022
Sent LL best and final renewal proposal
Pricingcameinat$16.15/sf. Thirty-Fourdrafting3-year extensionproposal. 10/14/2022 AmendmentsenttoTenant Broker
N Dallas Pky 120 1,298 Jefferson Physician Group N Dallas Pky 200 1,031 9/21/2022
(10/31/22) (8/31/22) (10/31/22) (10/31/22) (1/31/23)
9/19/2022 Vacating. Thirty-Fourdrafting3year extensionproposal.Tenant wantsas-is/lowratebecause theycouldeasilyWFH.
Green Star Properties N Dallas Pky 125 495 9/21/2022
10/18/2022
PROSPECTIVETENANTS
Received TI requests from Tenant To discuss
N Dallas Pky 120 1,298
N Dallas Pky 160 1,984
N Dallas Pky 205 1,372
N Dallas Pky 220 6,387
RECENTLYLEASED
Working to schedule call with Tenant to discuss upcoming renewal.
PerPMTeamtenantwill vacate
FC Lending Moving Out 10/31
LeasingActivityReport
Property Space Area (SF) Date Last Activity
VACANCIES
ACTION ITEM CONTACT COMPLETED/APPROVED Listing Agreement Pending Lawyer Review Rent Roll X Lease Assumptions X Stacking Plan X NER Analysis Form Can use Thirty-Four’s as Needed Tenant Contact List X Proposal Language – Landlord Standard (if needed) Can use Thirty-Four’s as Needed Property Management & Security & Engineering Contacts X Tour Procedure – Setting Up Tours X Existing Leases X Encumbrance Study X Establish Tour Script & Path X Parking for Brokers X Commission Agreement for Brokers X Building Specifications/Fact Sheet X Quoted Rate PSF X 2022 Operating Expense Breakdown & Electricity X Key / Access Cards X MARKETING Leasing Announcement (email & social media) Costar Transfer Leasing Sign New Flyer Branded Floorplans Email Blast Campaign Establish Marketing Budget Marketing Boards Colorbook Floorplans/Stacking Plans Leasing Takeover Checklist - 17110 Dallas Parkway
TENANT
OWNER’S REPORT CONSTRUCTION/
IMPROVEMENTS ASSET MANAGEMENT REPORTS
Kennington Alpha Center, LLC Construction Active TI Projects Project: #285-2 Aussie Grind GC: TBD SF:1,887 TI Allowance: $71,198.19
Kennington Alpha Center, LLC Construction Active TI Projects Project: #285-1 (288) Kitchen Social GC: TBD SF:1,928 TI Allowance: $48,200
Kennington Midway Center LLC Project: Suite 14456: Rock a Snap Baby Photography GC: TBD Construction SF: 3,750 TI Allowance: $56,250.00
17110 N. Dallas – Tollway Fire Remediation- Building MECH MECH MECH MECH MECH MECH MECH BENTTREEFAMILYPHYSICIANS 6,110RSF SUITE105 MINIMALLYINVASIVE 4,772RSF DR.SUITE100 1,240WALLACE RSF SUITE180 SUITE160 SUITE140 SUITE130 AURORAINSURAN 1,213RSF SUITE125 LIGHTHEADED 495RSFSUITE120 FCMORTGAGE 1,298RSF DR.SUITE100 2,298WALLACE RSF DR.SUITE110 2,432WALLACE RSF Fire Remediation Fire Remediation Ceiling Tile Replacement &HVAC Duct Replacement Painting
17110 N. Dallas – Tollway Fire Remediation- Suite 110
17110 N. Dallas – Tollway Lobby Renovation/Upgrade
17110 N. Dallas – Tollway Exterior Improvement Project
MANAGEMENT REPORTS
ADDITIONAL REPORTS
OWNER’S REPORT
ASSET
Property Matter Status of Case
Kennington Alpha Plaza filed suit in Dallas District Court against the Tenant, Legendary Black Belt, and the guarantor, Wes Melton, for defaulted rent and accelerated rent in the amount of $140K. Counsel for Defendants has agreed to a settlement of $30,000 to be paid over 12 months. Settlement documents have been signed and monthly settlement payments are being made. The settlement has been secured by an Agreed Final Judgment executed by Wes Melton, individually, and his company.
Skyway Tolling Agreement
Kennington has executed a tolling agreement with Las Colinas Association to extend the time frame to repair/relace the parking lot retaining wall. Kennington has received new survey to determine location of boundary lines with City of Irving’s adjacent parcel. Client and counsel have reviewed the survey and discussed boundary lines. Client is currently repricing the scope of work to replace the retaining wall and is setting up a field meeting with the other property owner to discuss. Preston Pierce finalizing price and start date for wall replacement.
KPH LITIGATION MATTERS October 2022
27
Alpha Plaza Legendary Black Belt
50
Monday, July 25, 2022
Current Portfolio
• The look through of the existing KPH Brokerage Account is attached. Right now, we have ~$180K of Cash in a Money Market Fund (yield of ~2.5%), with the remaining $2.2MM+ in individual corporate bonds. There is also additional cash in the checking / savings accounts as well.
Next Steps
• The second attachment is an indicative term sheet on a potential new line of credit (pending new liquidity received in to the collateral pool)
• Below are two hypothetical implementation strategies for $4MM of new liquidity, with a focus on capital preservation while maximizing yield:
Option 1: Utilize a stable value Money Market Fund along with three individual Treasury issues spread out over the next 24 Months
• $1MM in the Government Money Market Fund (OGSXX)
o Same day liquidity, stable value fund. Current 7 Day SEC Yield of 2.51%. Yield will fluctuate based on market environment.
• $3MM in Treasuries with maturities at 6 Months, 12, Months, and 24 Months respectively
o $1MM in 6 Month Yield = ~4.45%
o $1MM in 12 Month Yield = ~4.55%
o $1MM 24 Month Yield = ~4.45%
Blended Yield = ~3.99%
Option 2: Utilize four individual Treasuries spread out over a shorter, 12 Month period, with more frequent maturities
$4MM I Treasuries with maturities at 3 Months, 6 Months, 9 Months, and 12 Months respectively
o $1MM in 3 Month Yield = ~3.99%
o $1MM in 6 Month Yield = ~4.45%
o $1MM in 9 Month Yield = ~4.40%
o $1MM in 12 Month Yield = ~4.55%
Blended Yield = ~4.35%
Source: Bloomberg as of 10.24.2022
JPMORGAN INVESTMENT SUMMARY – PLACEHOLDER
OLD BUSINESS ASSET MANAGEMENT REPORTS
OWNER’S REPORT
CCC REFINANCE Closing date November 22, 2022 Loan Documents Same as ABC loan Reports Appraisal only; no Phase 1, PCA or survey Estoppels/SNDAs Estoppels for all tenants; SNDAs for 2
Friday 10/06 – Prelim Budgets
We’ll evaluate and compare to 2022 Actuals thru Sept. Take a closer look at any 2022 variances and determine what needs adjusting or we need to look closer at.
Friday 10/28 – Draft Budgets Due
These should be as close to “final” as possible, with likely some data we are still waiting on from outside folks, brokers/vendors. Going to ask Brokers to have leasing assumptions to us the week prior (10/12).
Wednesday 11/9 – FINAL Budgets Due
With the plan being to review and sign off on all by Friday 11/18.
2023 BUDGET UPDATE
TOLLWAY NAMES
IDEAS
Treetop Tower
Treetop Building on the Parkway Triune at Bent Tree Renovation Center The Focus on the Parkway Angle at Bent Tree Treetops at Bent Tree 17 One Hundred and Ten The Triumvirate
Bent Tree Professional Center (or Plaza or Building) Bent Tree Plaza
Bent Tree Crossing Bent Tree Junction (haha inside joke)
Bent Tree Corner Professional Bldg. Dallas Parkway Professional Bldg North Dallas Parkway Plaza Access Professional Plaza
EXISTING BUILDINGS
NEW BUSINESS ASSET MANAGEMENT REPORTS
OWNER’S REPORT
52 Management LP Premium summary Coverage type Exposure 10 month Premium 12 month Premium Rate Property - CNA $74,628,772 $150,375 $175,506 0 2015 General Liability CNA $28,037 $32,723 26 19 Auto - CNA Square Footage $7,297 $8,516 $15M Umbrella CNA 1,070,464 $21,540 $25,140 20 12 Total Package Premium $207,249 $241,885 RT Property - Temple ($20M limit) $45,711,282 $268,000 $312,789 0 5863 RT Property - Other locations $75,655,715 $380,927 $444,588 0 5035 Hartford BOP - Old Denton locations $2,528,800 $10,670 $12,453 $0 42 TOTAL TIV $198,524,569 *TRIA included Total Premium, taxes & fees $866,846 $1,011,716 Workers Compensation - TX Mutual Payroll $668,003 $3,148 Coverage type Exposure Premium Rate % Premium Change Property - Travelers (Minus Temple) $225,963,868 $491,513 0 2175 General Liability Travelers (All locations) $83,583 72 63 Auto Travelers Square Footage $8,782 $15M Umbrella - Travelers 1,150,826 $27,373 23.79 Total Package Premium (Minus Temple Property) $611,251 12.54% Property - RT Temple Location ($20M Limit) $40,436,342 $207,669 $0 5136 33 61% TOTAL TIV $266,400,210 *TRIA included Total premium, taxes & fees $818,920 TIV Exposure change 34 19% Premium Change All Lines 23 54% Workers Compensation - TX Mutual Payroll $668,003 $3,424 Additional Options Temple location - (taxes/fees incl ) *Purchasing $40M limits will cost less $30M Limit $247,540 than the $20M in limits you currently have $40 4M Limit $278,493 2022 Expiring program 1/1/2022 - 11/1/2022 2022 Renewal Program 11/1/2022 - 11/1/2023 1 Lockton Companies
TEXAS
FRANCHISE TAX - PLACEHOLDER
CCC REFINANCE PROCEEDS PLACEHOLDER
MIDWAY CENTER REFINANCE PROCEEDS
Per Charlie Robinson/Northmarq:
OPTION
$3.5m
IO
SOFIR + 285 (the higher one, approx 3%)
point for
year
OPTION
non
Pledge Midway Center as collateral (like Skyway/W1)
contribute $3 4M as equity
1
line
Term
1 point origination .25
renewal 2
term 50% LTV
recourse
2
Would
ARGUS 2022 VALUATIONS
SEE HANDOUT
MEETING
OWNER’S REPORT NEXT
THURSDAY, NOVEMBER 17, 2022 9:00 - 10:00 AM
