BALANCE SHEET (UNAUDITED) [1]

		100		101		Abbington		Abernant		Alvin		Amber		Apollo
ASSETS
Current assets:
Cash	$	4,323	$	7,182	$	10,269	$	9,730	$	16,512	$	6,000	$	1,430
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		-		4,313		5,504		3,551		5,228		4,163		2,235
Property and equipment, net		547,514		571,556		430,005		210,863		294,817		266,306		182,188
Total assets	$	553,065	$	584,285	$	446,767	$	224,783	$	317,538	$	280,134	$	189,844

LIABILITIES
Current liabilities:
Accrued expenses	$	3,818	$	3,532	$	3,246	$	2,691	$	2,363	$	2,970	$	3,571
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		32,024		31,007		23,701		3,703		5,235		7,229		18,943
Tenant deposits		-		2,995		2,845		1,745		2,545		1,995		648
Note payable, related party		-		30,800		-		-		-		5,900		20,000
Mortgage payables		-		-		-		-		-		198,944		133,513
Total liabilities	$	35,843	$	68,335	$	29,791	$	8,139	$	10,143	$	217,037	$	176,675

MEMBERS' EQUITY (DEFICIT)
Members' capital		563,235		619,057		431,672		217,822		287,056		104,603		68,831
Accumulated deficit		(46,014)		(103,106)		(14,697)		(1,178)		20,339		(41,507)		(55,662)
Total members' equity (deficit)	$	517,222	$	515,951	$	416,976	$	216,644	$	307,395	$	63,097	$	13,169
Total liabilities and members' equity (deficit)	$	553,065	$	584,285	$	446,767	$	224,783	$	317,538	$	280,134	$	189,844

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		517,222		515,951		416,976		216,644		307,395		63,097		13,169
Net adjustments to fair value		44,759		32,364		70,971		52,995		76,564		83,234		43,445
TOTAL NET ASSETS	$	561,981	$	548,315	$	487,947	$	269,639	$	383,959	$	146,331	$	56,614
NET ASSET VALUE PER INTEREST	$	8.13	$	7.66	$	8.89	$	9.91	$	10.28	$	10.23	$	6.29

		Aster		Augusta		Avebury		Avondale		Badminton		Ballinger		Bandelier
ASSETS
Current assets:
Cash	$	2,511	$	17,125	$	3,697	$	6,000	$	5,904	$	6,000	$	6,880
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,171		4,140		3,966		4,182		4,690		4,240		4,775
Property and equipment, net		234,811		273,038		257,687		303,060		223,450		279,313		309,863
Total assets	$	244,795	$	295,057	$	269,307	$	314,119	$	239,956	$	290,327	$	327,419

LIABILITIES
Current liabilities:
Accrued expenses	$	4,814	$	3,500	$	2,750	$	3,725	$	6,956	$	2,370	$	3,317
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		6,120		5,605		6,927		7,887		8,366		5,760		7,113
Tenant deposits		1,795		1,995		1,795		2,195		2,195		2,320		2,245
Note payable, related party		19,100		-		11,000		-		16,300		-		-
Mortgage payables		124,631		-		201,068		-		174,200		-		242,760
Total liabilities	$	156,460	$	11,100	$	223,540	$	13,807	$	208,017	$	10,449	$	255,435

MEMBERS' EQUITY (DEFICIT)
Members' capital		145,792		279,786		88,889		320,665		72,648		284,035		112,369
Accumulated deficit		(57,457)		4,171		(43,121)		(20,352)		(40,709)		(4,158)		(40,385)
Total members' equity (deficit)	$	88,335	$	283,957	$	45,767	$	300,313	$	31,939	$	279,878	$	71,984
Total liabilities and members' equity (deficit)	$	244,795	$	295,057	$	269,307	$	314,119	$	239,956	$	290,327	$	327,419

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		88,335		283,957		45,767		300,313		31,939		279,878		71,984
Net adjustments to fair value		66,735		58,093		55,064		48,212		100,179		67,930		82,154
TOTAL NET ASSETS	$	155,070	$	342,050	$	100,831	$	348,525	$	132,118	$	347,807	$	154,138
NET ASSET VALUE PER INTEREST	$	8.98	$	9.72	$	8.09	$	8.96	$	12.27	$	9.87	$	10.45

		Baron		Basil		Bayside		Bazzel		Bedford		Bella		Belle
ASSETS
Current assets:
Cash	$	2,295	$	4,461	$	3,575	$	6,000	$	4,242	$	2,017	$	6,540
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		5,831		3,620		2,429		3,939		3,307		2,195		3,593
Property and equipment, net		520,238		174,992		221,777		238,616		248,794		288,251		393,741
Total assets	$	529,878	$	185,722	$	235,097	$	249,346	$	264,961	$	293,255	$	404,985

LIABILITIES
Current liabilities:
Accrued expenses	$	5,789	$	4,202	$	6,808	$	4,756	$	7,635	$	4,716	$	5,932
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		30,388		5,040		16,531		13,975		7,019		10,537		10,780
Tenant deposits		3,295		1,695		-		1,845		2,295		2,195		3,593
Note payable, related party		-		8,700		10,000		20,700		12,300		6,500		23,900
Mortgage payables		-		131,625		165,750		-		194,658		-		-
Total liabilities	$	39,472	$	151,262	$	199,089	$	41,276	$	223,908	$	23,948	$	44,204

MEMBERS' EQUITY (DEFICIT)
Members' capital		527,251		55,854		80,583		240,303		86,157		302,343		420,332
Accumulated deficit		(36,845)		(21,394)		(44,576)		(32,234)		(45,104)		(33,036)		(59,551)
Total members' equity (deficit)	$	490,406	$	34,460	$	36,007	$	208,070	$	41,053	$	269,307	$	360,781
Total liabilities and members' equity (deficit)	$	529,878	$	185,722	$	235,097	$	249,346	$	264,961	$	293,255	$	404,985

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		490,406		34,460		36,007		208,070		41,053		269,307		360,781
Net adjustments to fair value		18,696		108,465		93,555		73,807		67,619		93,909		2,896
TOTAL NET ASSETS	$	509,103	$	142,926	$	129,563	$	281,877	$	108,672	$	363,216	$	363,677
NET ASSET VALUE PER INTEREST	$	7.83	$	15.12	$	10.54	$	9.72	$	8.90	$	10.01	$	7.28

		Belvedere		Bergenia		Blossom		Bonneau		Brainerd		Braxton		Brennan
ASSETS
Current assets:
Cash	$	14,829	$	10,302	$	5,284	$	3,681	$	7,924	$	6,000	$	1,568
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,802		2,847		1,800		4,430		4,511		3,517		4,295
Property and equipment, net		271,446		201,075		228,346		301,972		263,084		290,103		201,943
Total assets	$	292,052	$	214,871	$	235,982	$	311,984	$	276,171	$	300,280	$	212,456

LIABILITIES
Current liabilities:
Accrued expenses	$	3,645	$	2,183	$	6,183	$	6,798	$	3,531	$	3,573	$	3,933
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		5,872		4,064		12,146		14,667		6,619		8,423		22,772
Tenant deposits		2,295		1,495		1,800		2,545		2,495		2,045		1,550
Note payable, related party		-		-		10,000		2,000		-		8,700		35,200
Mortgage payables		-		-		-		-		144,094		-		154,163
Total liabilities	$	11,812	$	7,742	$	30,128	$	26,010	$	156,739	$	22,740	$	217,617

MEMBERS' EQUITY (DEFICIT)
Members' capital		264,333		203,714		240,219		317,431		141,327		293,610		84,906
Accumulated deficit		15,907		3,414		(34,365)		(31,458)		(21,894)		(16,070)		(90,067)
Total members' equity (deficit)	$	280,240	$	207,129	$	205,854	$	285,974	$	119,432	$	277,539	$	(5,161)
Total liabilities and members' equity (deficit)	$	292,052	$	214,871	$	235,982	$	311,984	$	276,171	$	300,280	$	212,456

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		280,240		207,129		205,854		285,974		119,432		277,539		(5,161)
Net adjustments to fair value		62,557		46,189		72,712		102,466		61,900		97,514		68,138
TOTAL NET ASSETS	$	342,797	$	253,318	$	278,566	$	388,440	$	181,332	$	375,053	$	62,977
NET ASSET VALUE PER INTEREST	$	9.80	$	9.78	$	9.14	$	9.98	$	9.39	$	9.90	$	5.94

		Briarwood		Brooklyn		Burlington		Butter		Calvin		Camino		Cawley
ASSETS
Current assets:
Cash	$	10,022	$	3,906	$	6,000	$	3,415	$	15,674	$	5,898	$	9,827
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		-		2,307		7,111		6,681		2,598		3,529		4,188
Property and equipment, net		193,475		151,708		584,785		331,258		218,528		237,484		289,613
Total assets	$	204,150	$	158,444	$	599,634	$	349,642	$	237,299	$	247,576	$	304,502

LIABILITIES
Current liabilities:
Accrued expenses	$	3,705	$	2,527	$	6,170	$	5,688	$	2,980	$	2,483	$	3,428
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		3,359		7,961		32,345		7,827		3,866		7,630		6,064
Tenant deposits		-		1,295		3,645		2,795		1,795		1,595		2,095
Note payable, related party		-		23,100		11,100		23,200		-		-		-
Mortgage payables		-		82,481		-		260,135		-		-		-
Total liabilities	$	7,064	$	117,364	$	53,260	$	299,646	$	8,641	$	11,708	$	11,587

MEMBERS' EQUITY (DEFICIT)
Members' capital		197,414		91,908		592,923		108,599		218,040		236,979		292,641
Accumulated deficit		(328)		(50,828)		(46,548)		(58,603)		10,618		(1,111)		275
Total members' equity (deficit)	$	197,086	$	41,080	$	546,375	$	49,996	$	228,658	$	235,868	$	292,915
Total liabilities and members' equity (deficit)	$	204,150	$	158,444	$	599,634	$	349,642	$	237,299	$	247,576	$	304,502

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		197,086		41,080		546,375		49,996		228,658		235,868		292,915
Net adjustments to fair value		55,463		62,481		48,681		127,970		52,326		54,763		58,340
TOTAL NET ASSETS	$	252,550	$	103,561	$	595,055	$	177,965	$	280,984	$	290,631	$	351,255
NET ASSET VALUE PER INTEREST	$	9.96	$	8.82	$	8.24	$	11.25	$	9.92	$	9.43	$	9.47

		Chaparral		Chelsea		Chester		Chickamauga		Chinook		Chitwood		Clover
ASSETS
Current assets:
Cash	$	6,323	$	6,380	$	4,451	$	12,340	$	5,950	$	9,593	$	6,000
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		5,050		4,052		4,894		5,909		3,538		4,855		5,400
Property and equipment, net		167,115		273,082		332,456		337,560		284,045		342,458		296,548
Total assets	$	179,095	$	288,593	$	346,771	$	356,699	$	294,531	$	357,768	$	308,951

LIABILITIES
Current liabilities:
Accrued expenses	$	5,579	$	2,807	$	3,473	$	2,811	$	3,387	$	4,389	$	3,518
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		5,750		7,062		9,247		8,313		7,609		11,744		20,865
Tenant deposits		1,695		1,895		2,545		3,693		1,995		2,795		1,995
Note payable, related party		-		-		-		-		1,200		-		3,600
Mortgage payables		104,310		213,480		182,114		-		-		-		-
Total liabilities	$	117,335	$	225,245	$	197,379	$	14,816	$	14,191	$	18,928	$	29,979

MEMBERS' EQUITY (DEFICIT)
Members' capital		60,984		87,037		201,649		328,432		292,138		337,599		296,705
Accumulated deficit		777		(23,689)		(52,257)		13,451		(11,799)		1,240		(17,733)
Total members' equity (deficit)	$	61,760	$	63,348	$	149,392	$	341,882	$	280,340	$	338,839	$	278,972
Total liabilities and members' equity (deficit)	$	179,095	$	288,593	$	346,771	$	356,699	$	294,531	$	357,768	$	308,951

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		61,760		63,348		149,392		341,882		280,340		338,839		278,972
Net adjustments to fair value		122,712		51,157		98,211		83,985		55,421		113,247		75,341
TOTAL NET ASSETS	$	184,472	$	114,505	$	247,603	$	425,868	$	335,760	$	452,087	$	354,313
NET ASSET VALUE PER INTEREST	$	17.60	$	8.36	$	9.99	$	9.89	$	9.30	$	10.26	$	9.36

		Coatbridge		Collier		Collinston		Conway		Cove		Creekside		Creekwood
ASSETS
Current assets:
Cash	$	1,174	$	5,154	$	3,717	$	6,274	$	3,430	$	11,461	$	5,302
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,143		4,277		7,417		6,674		7,170		4,189		2,041
Property and equipment, net		237,909		317,926		183,735		614,825		192,666		278,421		259,049
Total assets	$	249,855	$	328,200	$	197,573	$	629,071	$	204,028	$	294,724	$	272,623

LIABILITIES
Current liabilities:
Accrued expenses	$	8,819	$	1,678	$	2,879	$	4,505	$	3,147	$	6,200	$	3,233
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		9,720		18,734		20,900		16,642		5,515		7,566		7,070
Tenant deposits		3,143		2,295		1,595		3,645		1,695		2,350		1,795
Note payable, related party		25,400		-		33,600		9,400		22,700		-		-
Mortgage payables		175,500		-		135,017		-		-		-		141,581
Total liabilities	$	222,581	$	22,706	$	193,991	$	34,191	$	33,057	$	16,116	$	153,679

MEMBERS' EQUITY (DEFICIT)
Members' capital		92,846		313,134		81,057		638,028		208,024		270,148		158,854
Accumulated deficit		(65,571)		(7,640)		(77,476)		(43,148)		(37,053)		8,460		(39,910)
Total members' equity (deficit)	$	27,274	$	305,493	$	3,582	$	594,880	$	170,971	$	278,608	$	118,944
Total liabilities and members' equity (deficit)	$	249,855	$	328,200	$	197,573	$	629,071	$	204,028	$	294,724	$	272,623

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		27,274		305,493		3,582		594,880		170,971		278,608		118,944
Net adjustments to fair value		84,186		114,728		84,617		102,432		72,211		75,443		49,968
TOTAL NET ASSETS	$	111,461	$	420,222	$	88,198	$	697,312	$	243,182	$	354,050	$	168,912
NET ASSET VALUE PER INTEREST	$	8.51	$	10.57	$	8.63	$	8.98	$	9.87	$	9.93	$	8.70

		Cumberland		Cupcake		Cypress		Daisy		Davidson		Dawson		Delta
ASSETS
Current assets:
Cash	$	6,000	$	6,000	$	5,165	$	6,798	$	3,402	$	2,267	$	3,418
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,187		3,595		6,070		3,395		1,828		3,710		9,094
Property and equipment, net		265,190		197,063		332,973		269,659		192,429		196,805		305,958
Total assets	$	275,065	$	210,003	$	350,679	$	280,541	$	201,935	$	208,736	$	327,520

LIABILITIES
Current liabilities:
Accrued expenses	$	2,619	$	5,873	$	3,771	$	5,301	$	2,837	$	6,035	$	4,918
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		8,411		5,609		9,934		7,471		22,239		8,034		20,091
Tenant deposits		1,695		1,945		2,395		1,695		-		1,745		2,195
Note payable, related party		-		-		21,500		-		14,600		23,900		95,700
Mortgage payables		-		150,336		179,401		-		145,446		146,250		224,724
Total liabilities	$	12,725	$	163,763	$	217,001	$	14,466	$	185,122	$	185,964	$	347,627

MEMBERS' EQUITY (DEFICIT)
Members' capital		266,181		52,946		197,944		265,399		67,537		78,568		118,520
Accumulated deficit		(3,841)		(6,707)		(64,265)		676		(50,723)		(55,795)		(138,626)
Total members' equity (deficit)	$	262,340	$	46,240	$	133,679	$	266,075	$	16,814	$	22,772	$	(20,106)
Total liabilities and members' equity (deficit)	$	275,065	$	210,003	$	350,679	$	280,541	$	201,935	$	208,736	$	327,520

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		262,340		46,240		133,679		266,075		16,814		22,772		(20,106)
Net adjustments to fair value		50,623		120,583		36,763		87,948		77,055		83,590		70,441
TOTAL NET ASSETS	$	312,963	$	166,823	$	170,442	$	354,023	$	93,869	$	106,362	$	50,335
NET ASSET VALUE PER INTEREST	$	9.15	$	15.51	$	6.93	$	10.21	$	10.15	$	9.70	$	3.47

		Dewberry		Diablo		Dogwood		Dolittle		Dolly		Dops		Dorchester
ASSETS
Current assets:
Cash	$	4,227	$	6,112	$	6,000	$	4,549	$	7,256	$	5,207	$	6,971
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		5,814		3,855		4,445		4,894		7,494		3,243		4,507
Property and equipment, net		164,202		265,868		215,082		268,172		617,447		185,601		312,911
Total assets	$	181,147	$	280,431	$	226,197	$	285,732	$	633,519	$	194,606	$	326,378

LIABILITIES
Current liabilities:
Accrued expenses	$	5,176	$	3,615	$	2,027	$	6,226	$	3,602	$	2,114	$	7,979
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		6,376		6,808		12,668		10,820		16,784		5,393		16,875
Tenant deposits		1,695		2,145		1,750		2,295		3,995		1,495		2,295
Note payable, related party		24,700		27,300		-		5,300		-		-		50,800
Mortgage payables		119,606		205,950		-		205,636		-		-		-
Total liabilities	$	157,553	$	245,818	$	16,445	$	230,277	$	24,381	$	9,002	$	77,949

MEMBERS' EQUITY (DEFICIT)
Members' capital		63,153		93,448		210,374		89,246		637,831		184,565		336,096
Accumulated deficit		(39,560)		(58,835)		(622)		(33,791)		(28,693)		1,038		(87,667)
Total members' equity (deficit)	$	23,594	$	34,613	$	209,752	$	55,455	$	609,138	$	185,604	$	248,430
Total liabilities and members' equity (deficit)	$	181,147	$	280,431	$	226,197	$	285,732	$	633,519	$	194,606	$	326,378

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		23,594		34,613		209,752		55,455		609,138		185,604		248,430
Net adjustments to fair value		77,770		62,714		65,359		92,595		51,723		70,483		120,206
TOTAL NET ASSETS	$	101,364	$	97,327	$	275,110	$	148,049	$	660,861	$	256,086	$	368,636
NET ASSET VALUE PER INTEREST	$	11.06	$	7.55	$	9.90	$	11.07	$	8.40	$	10.64	$	9.21

		Dunbar		Eagle		Eastfair		Eastwood		Elevation		Ella		Ellen
ASSETS
Current assets:
Cash	$	7,289	$	7,855	$	1,096	$	11,028	$	2,468	$	724	$	14,403
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,014		4,282		1,949		5,035		8,111		2,183		3,779
Property and equipment, net		298,898		247,994		185,781		295,539		235,610		237,922		229,178
Total assets	$	311,034	$	265,865	$	192,642	$	312,548	$	251,233	$	241,441	$	248,079

LIABILITIES
Current liabilities:
Accrued expenses	$	2,525	$	6,839	$	6,712	$	2,262	$	5,113	$	2,564	$	6,999
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		14,970		6,437		5,738		5,208		15,661		8,433		4,571
Tenant deposits		2,295		2,245		1,949		2,795		1,895		1,595		2,100
Note payable, related party		63,200		-		16,500		-		54,100		-		-
Mortgage payables		-		132,010		150,006		-		172,250		-		-
Total liabilities	$	82,989	$	147,531	$	180,905	$	10,265	$	249,019	$	12,593	$	13,670

MEMBERS' EQUITY (DEFICIT)
Members' capital		317,239		134,509		58,149		314,542		99,928		248,227		239,529
Accumulated deficit		(89,194)		(16,174)		(46,412)		(12,259)		(97,714)		(19,378)		(5,120)
Total members' equity (deficit)	$	228,045	$	118,335	$	11,737	$	302,283	$	2,214	$	228,849	$	234,409
Total liabilities and members' equity (deficit)	$	311,034	$	265,865	$	192,642	$	312,548	$	251,233	$	241,441	$	248,079

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		228,045		118,335		11,737		302,283		2,214		228,849		234,409
Net adjustments to fair value		76,644		117,745		75,676		76,667		87,427		76,692		25,191
TOTAL NET ASSETS	$	304,689	$	236,080	$	87,413	$	378,950	$	89,641	$	305,541	$	259,600
NET ASSET VALUE PER INTEREST	$	8.30	$	12.80	$	10.33	$	10.11	$	7.14	$	9.97	$	8.74

		Elm		Emporia		Ensenada		Falcon		Felix		Fenwick		Fletcher
ASSETS
Current assets:
Cash	$	3,155	$	6,000	$	5,011	$	1,398	$	7,012	$	9,039	$	13,099
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,433		4,650		6,681		3,550		4,548		6,100		2,709
Property and equipment, net		143,426		310,918		496,774		248,640		231,453		276,046		162,398
Total assets	$	154,828	$	328,642	$	518,480	$	260,572	$	244,428	$	291,995	$	178,728

LIABILITIES
Current liabilities:
Accrued expenses	$	3,970	$	5,068	$	5,218	$	6,801	$	1,098	$	3,076	$	3,181
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		9,083		8,299		12,847		6,210		7,316		5,648		2,915
Tenant deposits		1,650		2,395		3,595		1,995		2,393		4,190		1,395
Note payable, related party		12,400		35,000		16,100		-		-		-		-
Mortgage payables		105,955		242,808		388,905		132,000		-		-		-
Total liabilities	$	133,058	$	293,570	$	426,665	$	147,006	$	10,806	$	12,914	$	7,491

MEMBERS' EQUITY (DEFICIT)
Members' capital		54,544		114,863		177,649		136,682		233,717		287,676		163,003
Accumulated deficit		(32,773)		(79,790)		(85,834)		(23,116)		(96)		(8,595)		8,233
Total members' equity (deficit)	$	21,771	$	35,072	$	91,815	$	113,566	$	233,622	$	279,082	$	171,237
Total liabilities and members' equity (deficit)	$	154,828	$	328,642	$	518,480	$	260,572	$	244,428	$	291,995	$	178,728

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		21,771		35,072		91,815		113,566		233,622		279,082		171,237
Net adjustments to fair value		89,773		37,239		67,257		115,441		45,821		65,945		32,424
TOTAL NET ASSETS	$	111,544	$	72,311	$	159,071	$	229,006	$	279,442	$	345,026	$	203,661
NET ASSET VALUE PER INTEREST	$	13.59	$	4.74	$	6.88	$	12.46	$	9.44	$	9.72	$	9.45

		Folly		Forest		Foster		Franklin		Gardens		General		Goose
ASSETS
Current assets:
Cash	$	6,000	$	349	$	6,000	$	6,000	$	3,784	$	7,987	$	7,296
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		5,116		14,388		1,850		4,682		3,277		4,910		3,940
Property and equipment, net		280,776		308,747		288,566		283,027		198,602		291,643		231,108
Total assets	$	293,387	$	328,677	$	297,183	$	294,570	$	207,692	$	305,291	$	243,876

LIABILITIES
Current liabilities:
Accrued expenses	$	6,159	$	6,828	$	5,893	$	9,809	$	1,858	$	3,902	$	6,580
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		20,212		14,412		6,360		9,469		7,620		5,816		5,874
Tenant deposits		2,695		1,248		1,850		2,595		-		2,495		1,995
Note payable, related party		2,600		60,400		-		-		11,000		-		5,500
Mortgage payables		-		227,500		-		-		134,988		-		122,920
Total liabilities	$	31,666	$	310,387	$	14,102	$	21,873	$	155,466	$	12,213	$	142,870

MEMBERS' EQUITY (DEFICIT)
Members' capital		291,985		131,264		298,536		287,950		79,003		291,065		123,931
Accumulated deficit		(30,264)		(112,974)		(15,455)		(15,254)		(26,776)		2,014		(22,925)
Total members' equity (deficit)	$	261,721	$	18,290	$	283,081	$	272,697	$	52,227	$	293,078	$	101,006
Total liabilities and members' equity (deficit)	$	293,387	$	328,677	$	297,183	$	294,570	$	207,692	$	305,291	$	243,876

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		261,721		18,290		283,081		272,697		52,227		293,078		101,006
Net adjustments to fair value		82,944		152,529		106,892		78,195		48,157		81,949		129,419
TOTAL NET ASSETS	$	344,665	$	170,819	$	389,972	$	350,892	$	100,384	$	375,027	$	230,425
NET ASSET VALUE PER INTEREST	$	9.52	$	10.52	$	10.45	$	9.89	$	8.74	$	10.01	$	13.36

		Grant		Greenhill		Gretal		Grove		Hadden		Hansard		Hansel
ASSETS
Current assets:
Cash	$	7,305	$	5,035	$	11,218	$	759	$	3,296	$	11,569	$	828
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		2,863		5,874		4,390		3,664		3,581		-		3,577
Property and equipment, net		331,289		288,498		406,229		202,943		199,513		275,153		364,413
Total assets	$	348,851	$	309,464	$	422,792	$	212,658	$	212,611	$	287,764	$	377,010

LIABILITIES
Current liabilities:
Accrued expenses	$	4,300	$	7,410	$	2,421	$	3,546	$	4,862	$	5,569	$	2,570
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		7,747		7,853		10,253		8,621		5,218		6,642		17,679
Tenant deposits		-		3,119		2,395		1,869		1,695		-		1,995
Note payable, related party		-		5,100		-		10,100		13,900		-		22,600
Mortgage payables		256,741		225,701		-		155,853		141,953		-		197,844
Total liabilities	$	268,788	$	249,183	$	15,069	$	179,988	$	167,627	$	12,211	$	242,688

MEMBERS' EQUITY (DEFICIT)
Members' capital		109,960		87,490		417,018		78,765		76,216		269,380		221,379
Accumulated deficit		(29,898)		(27,210)		(9,294)		(46,095)		(31,232)		6,172		(87,058)
Total members' equity (deficit)	$	80,062	$	60,281	$	407,723	$	32,671	$	44,984	$	275,553	$	134,321
Total liabilities and members' equity (deficit)	$	348,851	$	309,464	$	422,792	$	212,658	$	212,611	$	287,764	$	377,010

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		80,062		60,281		407,723		32,671		44,984		275,553		134,321
Net adjustments to fair value		112,271		77,332		86,251		57,225		52,096		130,738		67,684
TOTAL NET ASSETS	$	192,334	$	137,613	$	493,974	$	89,896	$	97,080	$	406,291	$	202,005
NET ASSET VALUE PER INTEREST	$	11.88	$	10.08	$	9.44	$	8.80	$	8.90	$	11.53	$	7.56

		Hargrave		Harrison		Henry		Heritage		Heron		Highland		Hines
ASSETS
Current assets:
Cash	$	6,000	$	9,066	$	6,343	$	624	$	4,753	$	6,000	$	6,000
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,583		3,045		2,395		4,120		4,649		3,133		3,553
Property and equipment, net		216,250		410,899		385,238		260,196		256,552		256,888		231,432
Total assets	$	226,333	$	430,720	$	395,135	$	272,384	$	273,541	$	266,775	$	241,534

LIABILITIES
Current liabilities:
Accrued expenses	$	3,173	$	2,587	$	5,719	$	4,753	$	5,387	$	4,003	$	2,492
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		5,988		11,204		9,939		10,924		6,831		7,239		13,441
Tenant deposits		1,945		3,045		2,395		1,995		2,369		1,845		1,845
Note payable, related party		8,300		-		42,500		19,300		12,400		5,900		6,200
Mortgage payables		-		225,348		-		201,056		198,968		-		-
Total liabilities	$	19,406	$	242,184	$	60,553	$	238,027	$	225,955	$	18,987	$	23,979

MEMBERS' EQUITY (DEFICIT)
Members' capital		237,101		230,461		399,905		95,559		96,685		258,635		236,344
Accumulated deficit		(30,174)		(41,925)		(65,323)		(61,202)		(49,100)		(10,847)		(18,788)
Total members' equity (deficit)	$	206,927	$	188,536	$	334,582	$	34,357	$	47,586	$	247,788	$	217,555
Total liabilities and members' equity (deficit)	$	226,333	$	430,720	$	395,135	$	272,384	$	273,541	$	266,775	$	241,534

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		206,927		188,536		334,582		34,357		47,586		247,788		217,555
Net adjustments to fair value		63,726		86,643		44,084		57,026		82,770		64,818		64,629
TOTAL NET ASSETS	$	270,654	$	275,179	$	378,666	$	91,383	$	130,356	$	312,607	$	282,184
NET ASSET VALUE PER INTEREST	$	9.66	$	9.16	$	8.06	$	7.31	$	10.27	$	9.71	$	9.58

		Hobbes		Holcomb		Holland		Hollandaise		Holloway		Inglewood		Irene
ASSETS
Current assets:
Cash	$	5,383	$	12,526	$	627	$	2,865	$	5,211	$	6,000	$	11,859
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,308		2,095		2,168		3,884		5,112		6,023		1,994
Property and equipment, net		216,533		317,009		183,900		324,320		293,674		609,696		162,398
Total assets	$	225,724	$	332,441	$	192,360	$	338,131	$	310,798	$	623,055	$	176,773

LIABILITIES
Current liabilities:
Accrued expenses	$	2,949	$	5,942	$	6,156	$	2,533	$	8,087	$	4,516	$	4,222
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		6,034		17,459		8,768		10,693		10,895		16,338		2,867
Tenant deposits		1,695		2,095		2,168		2,095		3,119		3,595		1,395
Note payable, related party		-		-		-		18,500		9,900		-		-
Mortgage payables		-		-		145,451		253,234		221,000		-		-
Total liabilities	$	10,678	$	25,496	$	162,543	$	287,055	$	253,001	$	24,449	$	8,485

MEMBERS' EQUITY (DEFICIT)
Members' capital		232,197		320,399		77,035		129,288		108,340		648,487		162,655
Accumulated deficit		(17,151)		(13,454)		(47,218)		(78,212)		(50,543)		(49,881)		5,633
Total members' equity (deficit)	$	215,046	$	306,945	$	29,817	$	51,076	$	57,797	$	598,606	$	168,288
Total liabilities and members' equity (deficit)	$	225,724	$	332,441	$	192,360	$	338,131	$	310,798	$	623,055	$	176,773

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		215,046		306,945		29,817		51,076		57,797		598,606		168,288
Net adjustments to fair value		58,866		5,660		77,022		83,870		131,616		108,976		32,185
TOTAL NET ASSETS	$	273,912	$	312,605	$	106,839	$	134,947	$	189,413	$	707,582	$	200,473
NET ASSET VALUE PER INTEREST	$	9.77	$	7.65	$	10.57	$	8.23	$	12.84	$	9.10	$	9.31

		Jack		Jake		Jefferson		Jill		Johnny		June		Jupiter
ASSETS
Current assets:
Cash	$	5,161	$	6,000	$	12,498	$	5,087	$	3,198	$	6,000	$	5,946
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,143		6,375		4,724		4,139		5,225		5,617		2,978
Property and equipment, net		370,299		526,044		249,125		359,940		524,370		524,370		183,731
Total assets	$	386,121	$	540,022	$	267,102	$	378,123	$	533,970	$	537,164	$	197,334

LIABILITIES
Current liabilities:
Accrued expenses	$	5,695	$	6,015	$	2,272	$	2,256	$	3,689	$	3,524	$	2,769
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		12,477		30,852		5,857		9,464		32,474		28,606		5,246
Tenant deposits		3,143		3,345		2,595		2,195		2,945		2,945		1,550
Note payable, related party		16,200		19,900		-		-		15,200		10,600		5,900
Mortgage payables		287,137		-		-		197,167		-		-		138,246
Total liabilities	$	324,651	$	60,111	$	10,724	$	211,082	$	54,307	$	45,675	$	153,711

MEMBERS' EQUITY (DEFICIT)
Members' capital		138,238		563,175		235,763		210,931		552,405		549,506		74,162
Accumulated deficit		(76,768)		(83,265)		20,614		(43,890)		(72,742)		(58,017)		(30,539)
Total members' equity (deficit)	$	61,470	$	479,910	$	256,378	$	167,041	$	479,663	$	491,489	$	43,623
Total liabilities and members' equity (deficit)	$	386,121	$	540,022	$	267,102	$	378,123	$	533,970	$	537,164	$	197,334

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		61,470		479,910		256,378		167,041		479,663		491,489		43,623
Net adjustments to fair value		95,580		43,437		70,662		58,886		54,969		53,791		69,055
TOTAL NET ASSETS	$	157,050	$	523,347	$	327,040	$	225,927	$	534,632	$	545,280	$	112,677
NET ASSET VALUE PER INTEREST	$	8.56	$	7.85	$	10.24	$	8.43	$	8.08	$	8.22	$	10.73

		Kawana		Kennesaw		Kenny		KerriAnn		Kessler		Kingsley		Kirkwood
ASSETS
Current assets:
Cash	$	2,372	$	9,599	$	6,000	$	4,883	$	4,736	$	5,565	$	3,141
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		1,793		4,816		4,004		5,867		3,062		5,066		3,346
Property and equipment, net		244,180		380,343		617,447		297,417		232,566		272,493		237,245
Total assets	$	252,935	$	395,836	$	628,794	$	313,294	$	244,494	$	291,088	$	249,438

LIABILITIES
Current liabilities:
Accrued expenses	$	2,467	$	4,520	$	3,844	$	3,793	$	5,001	$	13,185	$	2,648
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		7,822		20,377		21,834		7,222		7,458		8,311		8,844
Tenant deposits		-		2,795		2,945		1,995		1,595		2,395		1,650
Note payable, related party		8,900		-		3,100		31,700		13,600		22,200		34,100
Mortgage payables		190,635		-		-		235,788		125,623		215,000		180,191
Total liabilities	$	209,824	$	27,692	$	31,723	$	280,498	$	153,277	$	261,091	$	227,433

MEMBERS' EQUITY (DEFICIT)
Members' capital		84,911		390,724		667,487		113,673		143,557		93,671		86,729
Accumulated deficit		(41,800)		(22,580)		(70,416)		(80,877)		(52,340)		(63,674)		(64,724)
Total members' equity (deficit)	$	43,111	$	368,144	$	597,071	$	32,797	$	91,217	$	29,997	$	22,005
Total liabilities and members' equity (deficit)	$	252,935	$	395,836	$	628,794	$	313,294	$	244,494	$	291,088	$	249,438

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		43,111		368,144		597,071		32,797		91,217		29,997		22,005
Net adjustments to fair value		60,831		73,921		60,683		73,208		71,290		112,914		63,297
TOTAL NET ASSETS	$	103,942	$	442,065	$	657,754	$	106,004	$	162,507	$	142,911	$	85,301
NET ASSET VALUE PER INTEREST	$	8.19	$	9.12	$	8.39	$	7.38	$	9.53	$	11.32	$	7.52

		Korin		Lallie		Lanier		Lannister		Latte		Lennox		Lierly
ASSETS
Current assets:
Cash	$	13,490	$	5,357	$	4,866	$	1,462	$	6,000	$	4,930	$	10,483
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,366		8,565		4,925		1,395		5,574		3,948		3,585
Property and equipment, net		251,938		324,894		338,862		157,396		326,541		187,258		182,098
Total assets	$	270,472	$	346,391	$	355,233	$	164,680	$	339,314	$	201,013	$	196,878

LIABILITIES
Current liabilities:
Accrued expenses	$	6,596	$	11,806	$	3,776	$	3,038	$	4,835	$	4,787	$	6,740
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		5,988		46,306		11,205		4,657		19,176		6,812		5,204
Tenant deposits		1,995		2,495		2,295		1,395		2,195		1,795		1,750
Note payable, related party		-		57,200		11,800		23,900		3,600		9,700		-
Mortgage payables		-		240,500		261,565		112,874		-		139,750		131,100
Total liabilities	$	14,579	$	358,307	$	290,641	$	145,863	$	29,807	$	162,844	$	144,795

MEMBERS' EQUITY (DEFICIT)
Members' capital		238,585		121,831		121,858		73,621		332,661		64,975		49,093
Accumulated deficit		17,308		(133,747)		(57,267)		(54,804)		(23,154)		(26,806)		2,990
Total members' equity (deficit)	$	255,893	$	(11,916)	$	64,591	$	18,817	$	309,507	$	38,169	$	52,083
Total liabilities and members' equity (deficit)	$	270,472	$	346,391	$	355,233	$	164,680	$	339,314	$	201,013	$	196,878

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		255,893		(11,916)		64,591		18,817		309,507		38,169		52,083
Net adjustments to fair value		93,357		94,882		80,250		50,668		94,691		94,528		197,205
TOTAL NET ASSETS	$	349,250	$	82,966	$	144,842	$	69,485	$	404,198	$	132,697	$	249,289
NET ASSET VALUE PER INTEREST	$	10.77	$	5.23	$	8.78	$	7.34	$	9.83	$	12.53	$	26.36

		Lily		Limestone		Litton		Longwoods		Lookout		Loretta		Louis
ASSETS
Current assets:
Cash	$	6,000	$	5,256	$	7,559	$	3,019	$	9,184	$	14,312	$	17,957
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,904		4,595		2,295		3,699		4,459		-		4,006
Property and equipment, net		464,582		254,199		298,579		248,023		308,195		614,484		247,946
Total assets	$	486,212	$	272,590	$	309,246	$	257,099	$	322,580	$	630,115	$	270,518

LIABILITIES
Current liabilities:
Accrued expenses	$	4,137	$	6,639	$	14,128	$	4,729	$	1,873	$	6,635	$	3,124
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		16,734		10,343		7,314		9,141		15,949		16,098		5,084
Tenant deposits		2,395		2,095		2,295		1,950		2,245		-		2,145
Note payable, related party		64,000		21,400		-		-		-		1,200		-
Mortgage payables		308,919		201,100		159,000		-		-		-		-
Total liabilities	$	396,185	$	241,577	$	182,737	$	15,821	$	20,066	$	23,932	$	10,353

MEMBERS' EQUITY (DEFICIT)
Members' capital		204,164		101,410		156,517		264,224		299,008		632,320		253,652
Accumulated deficit		(114,138)		(70,397)		(30,008)		(22,946)		3,506		(26,137)		6,513
Total members' equity (deficit)	$	90,027	$	31,013	$	126,509	$	241,279	$	302,514	$	606,182	$	260,165
Total liabilities and members' equity (deficit)	$	486,212	$	272,590	$	309,246	$	257,099	$	322,580	$	630,115	$	270,518

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		90,027		31,013		126,509		241,279		302,514		606,182		260,165
Net adjustments to fair value		76,394		89,349		113,656		63,788		65,204		100,974		77,584
TOTAL NET ASSETS	$	166,420	$	120,362	$	240,165	$	305,067	$	367,719	$	707,157	$	337,748
NET ASSET VALUE PER INTEREST	$	6.92	$	8.78	$	11.22	$	9.49	$	9.53	$	9.30	$	10.42

		Louise		Lovejoy		Luna		Lurleen		Madison		Mae		Magnolia
ASSETS
Current assets:
Cash	$	3,317	$	2,541	$	4,430	$	5,663	$	85	$	6,000	$	3,853
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,054		2,939		3,885		3,401		2,174		6,207		5,249
Property and equipment, net		245,019		260,859		185,781		201,813		183,797		316,966		224,779
Total assets	$	258,363	$	274,720	$	199,138	$	211,927	$	190,307	$	330,203	$	240,039

LIABILITIES
Current liabilities:
Accrued expenses	$	2,392	$	4,917	$	6,300	$	3,622	$	3,374	$	6,258	$	3,201
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		11,209		11,766		7,440		11,147		7,540		9,148		7,499
Tenant deposits		1,895		1,995		1,895		1,695		2,174		4,190		3,290
Note payable, related party		-		12,300		17,800		12,400		14,900		-		23,800
Mortgage payables		180,197		203,162		150,000		109,267		100,097		-		171,364
Total liabilities	$	195,692	$	234,140	$	183,435	$	138,131	$	128,084	$	19,596	$	209,154

MEMBERS' EQUITY (DEFICIT)
Members' capital		86,002		88,702		57,118		119,482		110,186		318,751		86,316
Accumulated deficit		(23,331)		(48,122)		(41,415)		(45,686)		(47,964)		(8,144)		(55,431)
Total members' equity (deficit)	$	62,670	$	40,580	$	15,703	$	73,796	$	62,222	$	310,607	$	30,885
Total liabilities and members' equity (deficit)	$	258,363	$	274,720	$	199,138	$	211,927	$	190,307	$	330,203	$	240,039

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		62,670		40,580		15,703		73,796		62,222		310,607		30,885
Net adjustments to fair value		79,536		28,222		86,553		54,807		32,541		85,882		50,673
TOTAL NET ASSETS	$	142,207	$	68,802	$	102,256	$	128,603	$	94,764	$	396,489	$	81,558
NET ASSET VALUE PER INTEREST	$	10.75	$	5.39	$	11.39	$	8.37	$	6.96	$	9.85	$	7.34

		Malbec		Mammoth		Marcelo		Marie		Marietta		Marion		Marple
ASSETS
Current assets:
Cash	$	3,165	$	1,737	$	6,000	$	13,251	$	4,015	$	6,000	$	2,700
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,319		4,378		3,263		5,258		4,361		3,322		2,410
Property and equipment, net		275,031		303,000		267,097		289,959		271,530		239,395		161,594
Total assets	$	284,530	$	318,879	$	276,991	$	309,419	$	288,324	$	250,473	$	167,226

LIABILITIES
Current liabilities:
Accrued expenses	$	4,633	$	6,467	$	2,999	$	1,761	$	6,326	$	3,600	$	3,170
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		8,682		13,257		19,771		6,826		11,202		8,951		4,424
Tenant deposits		2,195		2,095		1,750		2,745		2,195		2,295		1,395
Note payable, related party		6,500		44,300		-		-		18,900		3,800		-
Mortgage payables		208,585		235,838		-		-		148,815		-		-
Total liabilities	$	230,596	$	301,956	$	24,520	$	11,332	$	187,439	$	18,646	$	8,989

MEMBERS' EQUITY (DEFICIT)
Members' capital		90,019		118,444		261,655		268,079		167,631		249,963		175,560
Accumulated deficit		(36,085)		(101,521)		(9,184)		30,008		(66,746)		(18,137)		(17,323)
Total members' equity (deficit)	$	53,934	$	16,923	$	252,471	$	298,087	$	100,885	$	231,826	$	158,238
Total liabilities and members' equity (deficit)	$	284,530	$	318,879	$	276,991	$	309,419	$	288,324	$	250,473	$	167,226

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		53,934		16,923		252,471		298,087		100,885		231,826		158,238
Net adjustments to fair value		174,170		84,003		83,511		132,961		92,980		77,397		33,811
TOTAL NET ASSETS	$	228,104	$	100,926	$	335,982	$	431,048	$	193,865	$	309,224	$	192,049
NET ASSET VALUE PER INTEREST	$	16.56	$	6.90	$	9.95	$	11.64	$	9.62	$	10.16	$	9.02

		Martell		Mary		Matchingham		McGregor		McLovin		Meadow		Mimosa
ASSETS
Current assets:
Cash	$	5,907	$	11,511	$	4,263	$	6,000	$	5,001	$	162	$	4,884
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,610		4,430		3,617		3,871		2,995		182		2,837
Property and equipment, net		239,339		250,065		184,308		267,884		492,422		279,184		191,072
Total assets	$	251,557	$	266,760	$	196,638	$	278,531	$	514,771	$	286,125	$	199,418

LIABILITIES
Current liabilities:
Accrued expenses	$	4,326	$	2,340	$	5,770	$	2,667	$	13,380	$	3,191	$	2,597
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		8,138		5,122		7,710		16,771		11,104		13,003		6,052
Tenant deposits		2,595		2,095		1,895		1,895		2,995		-		-
Note payable, related party		13,500		-		-		-		37,900		-		15,900
Mortgage payables		-		-		144,814		-		364,539		212,925		106,918
Total liabilities	$	28,560	$	9,556	$	160,189	$	21,333	$	429,919	$	229,119	$	131,467

MEMBERS' EQUITY (DEFICIT)
Members' capital		254,997		241,575		53,274		264,053		157,012		120,082		112,655
Accumulated deficit		(32,000)		15,629		(16,824)		(6,855)		(72,160)		(63,076)		(44,704)
Total members' equity (deficit)	$	222,997	$	257,203	$	36,450	$	257,198	$	84,852	$	57,006	$	67,951
Total liabilities and members' equity (deficit)	$	251,557	$	266,760	$	196,638	$	278,531	$	514,771	$	286,125	$	199,418

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		222,997		257,203		36,450		257,198		84,852		57,006		67,951
Net adjustments to fair value		81,371		77,526		63,471		81,637		75,075		93,267		70,604
TOTAL NET ASSETS	$	304,368	$	334,729	$	99,921	$	338,835	$	159,927	$	150,273	$	138,555
NET ASSET VALUE PER INTEREST	$	9.83	$	10.54	$	10.60	$	9.83	$	7.29	$	9.79	$	9.24

		Mojave		Murphy		Mycroft		Nugget		Odessa		Olive		Oly
ASSETS
Current assets:
Cash	$	4,389	$	4,010	$	3,372	$	5,291	$	6,000	$	4,006	$	4,474
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,925		4,252		2,443		5,903		6,364		7,321		5,717
Property and equipment, net		209,716		259,501		165,254		500,076		464,913		201,190		469,131
Total assets	$	222,641	$	277,495	$	171,642	$	512,694	$	485,893	$	220,807	$	489,927

LIABILITIES
Current liabilities:
Accrued expenses	$	5,918	$	6,061	$	3,427	$	5,676	$	6,171	$	5,841	$	5,018
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		6,896		7,919		4,662		29,972		12,251		10,140		12,509
Tenant deposits		2,195		1,995		1,395		3,145		3,395		1,895		2,995
Note payable, related party		5,900		5,300		-		-		39,400		19,000		5,000
Mortgage payables		160,463		205,328		-		-		371,525		126,100		365,241
Total liabilities	$	181,372	$	226,604	$	9,484	$	38,792	$	432,742	$	162,976	$	390,763

MEMBERS' EQUITY (DEFICIT)
Members' capital		55,352		87,705		168,674		503,121		175,121		100,332		156,370
Accumulated deficit		(14,083)		(36,813)		(6,516)		(29,219)		(121,970)		(42,501)		(57,206)
Total members' equity (deficit)	$	41,269	$	50,892	$	162,157	$	473,902	$	53,151	$	57,831	$	99,164
Total liabilities and members' equity (deficit)	$	222,641	$	277,495	$	171,642	$	512,694	$	485,893	$	220,807	$	489,927

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		41,269		50,892		162,157		473,902		53,151		57,831		99,164
Net adjustments to fair value		114,219		98,455		33,470		9,629		109,637		82,367		68,840
TOTAL NET ASSETS	$	155,488	$	149,347	$	195,627	$	483,531	$	162,788	$	140,198	$	168,004
NET ASSET VALUE PER INTEREST	$	14.98	$	11.45	$	9.01	$	7.75	$	7.44	$	10.27	$	7.69

		Onyx		Oscar		Osceola		Osprey		Otoro		Palmer		Patrick
ASSETS
Current assets:
Cash	$	6,000	$	6,000	$	5,170	$	6,000	$	1,103	$	6,000	$	3,085
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		2,748		-		1,995		3,673		10,660		3,203		3,982
Property and equipment, net		305,354		233,019		257,973		313,952		351,863		278,390		180,833
Total assets	$	316,301	$	240,434	$	268,332	$	325,520	$	372,646	$	288,411	$	188,527

LIABILITIES
Current liabilities:
Accrued expenses	$	1,098	$	2,417	$	6,110	$	7,188	$	7,629	$	3,432	$	6,169
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		10,119		7,463		10,629		19,125		30,953		11,046		7,398
Tenant deposits		2,395		-		1,995		2,295		2,319		1,895		2,195
Note payable, related party		-		-		6,200		-		78,700		5,000		-
Mortgage payables		-		-		-		-		272,005		-		108,300
Total liabilities	$	13,611	$	9,880	$	24,935	$	28,609	$	391,606	$	21,373	$	124,062

MEMBERS' EQUITY (DEFICIT)
Members' capital		309,893		248,364		288,646		327,093		130,815		282,990		81,306
Accumulated deficit		(7,203)		(17,809)		(45,248)		(30,182)		(149,775)		(15,952)		(16,841)
Total members' equity (deficit)	$	302,690	$	230,554	$	243,398	$	296,911	$	(18,960)	$	267,038	$	64,465
Total liabilities and members' equity (deficit)	$	316,301	$	240,434	$	268,332	$	325,520	$	372,646	$	288,411	$	188,527

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		302,690		230,554		243,398		296,911		(18,960)		267,038		64,465
Net adjustments to fair value		38,538		49,493		61,040		97,104		78,847		58,081		125,049
TOTAL NET ASSETS	$	341,228	$	280,047	$	304,438	$	394,015	$	59,887	$	325,118	$	189,514
NET ASSET VALUE PER INTEREST	$	8.88	$	9.38	$	9.09	$	9.78	$	3.53	$	9.36	$	16.76

		Peanut		Pearl		Pecan		Peterson		Piedmont		Pinot		Pioneer
ASSETS
Current assets:
Cash	$	2,307	$	6,000	$	6,000	$	14,151	$	4,205	$	6,000	$	7,086
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,793		4,297		4,070		3,230		4,390		-		6,663
Property and equipment, net		191,693		487,396		187,337		209,524		343,922		277,690		524,200
Total assets	$	201,539	$	498,719	$	198,061	$	227,544	$	363,744	$	286,318	$	539,364

LIABILITIES
Current liabilities:
Accrued expenses	$	1,881	$	3,502	$	5,910	$	2,691	$	4,140	$	5,866	$	5,082
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		7,187		30,570		16,214		3,675		13,302		7,772		27,514
Tenant deposits		2,093		2,745		2,295		1,650		2,295		-		3,445
Note payable, related party		-		6,800		-		-		-		4,900		-
Mortgage payables		145,420		-		112,860		-		188,501		210,740		-
Total liabilities	$	156,581	$	43,618	$	137,279	$	8,015	$	208,237	$	229,278	$	36,041

MEMBERS' EQUITY (DEFICIT)
Members' capital		66,902		510,733		61,670		215,650		214,093		88,026		532,403
Accumulated deficit		(21,944)		(55,632)		(888)		3,879		(58,586)		(30,987)		(29,079)
Total members' equity (deficit)	$	44,958	$	455,101	$	60,782	$	219,529	$	155,506	$	57,040	$	503,324
Total liabilities and members' equity (deficit)	$	201,539	$	498,719	$	198,061	$	227,544	$	363,744	$	286,318	$	539,364

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		44,958		455,101		60,782		219,529		155,506		57,040		503,324
Net adjustments to fair value		48,904		54,034		129,603		54,394		8,517		171,584		35,322
TOTAL NET ASSETS	$	93,862	$	509,135	$	190,385	$	273,923	$	164,024	$	228,624	$	538,645
NET ASSET VALUE PER INTEREST	$	9.59	$	8.32	$	17.81	$	10.10	$	6.37	$	16.46	$	8.27

		Plumtree		Point		Porthos		Quincy		Redondo		Regency		Reginald
ASSETS
Current assets:
Cash	$	3,222	$	5,038	$	6,000	$	4,010	$	6,000	$	6,000	$	6,000
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		2,456		4,163		4,570		5,274		4,199		3,873		2,935
Property and equipment, net		171,179		340,372		278,576		489,702		283,381		256,941		413,742
Total assets	$	177,458	$	356,614	$	292,325	$	500,263	$	294,323	$	267,669	$	424,116

LIABILITIES
Current liabilities:
Accrued expenses	$	6,383	$	3,315	$	5,476	$	4,695	$	5,159	$	4,853	$	5,589
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		7,133		9,852		8,300		16,428		10,195		12,478		16,815
Tenant deposits		1,595		2,095		2,295		2,995		2,195		2,295		2,195
Note payable, related party		-		16,600		-		23,400		8,300		4,000		81,500
Mortgage payables		111,150		265,390		-		-		156,581		136,583		-
Total liabilities	$	126,261	$	297,252	$	16,071	$	47,518	$	182,430	$	160,209	$	106,098

MEMBERS' EQUITY (DEFICIT)
Members' capital		60,019		127,016		280,796		509,075		169,098		135,623		433,598
Accumulated deficit		(8,822)		(67,654)		(4,542)		(56,329)		(57,205)		(28,163)		(115,581)
Total members' equity (deficit)	$	51,197	$	59,362	$	276,254	$	452,745	$	111,893	$	107,460	$	318,017
Total liabilities and members' equity (deficit)	$	177,458	$	356,614	$	292,325	$	500,263	$	294,323	$	267,669	$	424,116

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		51,197		59,362		276,254		452,745		111,893		107,460		318,017
Net adjustments to fair value		126,466		77,370		64,046		60,361		102,863		132,948		56,446
TOTAL NET ASSETS	$	177,663	$	136,732	$	340,300	$	513,107	$	214,756	$	240,408	$	374,463
NET ASSET VALUE PER INTEREST	$	16.33	$	8.24	$	9.52	$	8.40	$	10.16	$	12.93	$	7.50

		Reynolds		Ribbonwalk		Richardson		Richmond		Ridge		Ritter		River
ASSETS
Current assets:
Cash	$	17,005	$	5,495	$	11,460	$	12,640	$	5,070	$	6,000	$	2,358
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		2,629		4,525		3,708		5,614		2,543		5,095		7,321
Property and equipment, net		384,809		279,252		281,840		353,141		188,122		450,593		230,412
Total assets	$	405,552	$	295,955	$	297,673	$	372,319	$	202,283	$	463,214	$	244,637

LIABILITIES
Current liabilities:
Accrued expenses	$	5,128	$	3,221	$	6,237	$	4,415	$	5,394	$	3,220	$	4,491
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		20,521		38,822		7,327		6,198		7,753		24,460		8,451
Tenant deposits		2,495		2,195		1,895		3,443		2,543		2,495		2,993
Note payable, related party		-		11,000		-		-		5,600		13,800		-
Mortgage payables		-		221,962		-		-		140,400		-		172,250
Total liabilities	$	28,144	$	277,199	$	15,459	$	14,056	$	161,690	$	43,975	$	188,184

MEMBERS' EQUITY (DEFICIT)
Members' capital		381,723		107,648		283,509		367,962		67,671		474,761		80,173
Accumulated deficit		(4,315)		(88,892)		(1,295)		(9,699)		(27,078)		(55,522)		(23,721)
Total members' equity (deficit)	$	377,409	$	18,756	$	282,214	$	358,263	$	40,593	$	419,239	$	56,453
Total liabilities and members' equity (deficit)	$	405,552	$	295,955	$	297,673	$	372,319	$	202,283	$	463,214	$	244,637

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		377,409		18,756		282,214		358,263		40,593		419,239		56,453
Net adjustments to fair value		12,239		111,474		88,653		75,580		69,085		94,358		102,307
TOTAL NET ASSETS	$	389,647	$	130,230	$	370,866	$	433,843	$	109,678	$	513,598	$	158,760
NET ASSET VALUE PER INTEREST	$	7.93	$	9.38	$	10.10	$	9.68	$	10.55	$	8.86	$	12.51

		Riverwalk		Rooney		Roseberry		Rosewood		Roxy		Saddlebred		Saint
ASSETS
Current assets:
Cash	$	12,326	$	2,974	$	4,071	$	7,003	$	6,000	$	6,000	$	2,975
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		5,677		4,310		8,719		4,061		4,240		5,416		-
Property and equipment, net		353,682		329,220		284,326		241,111		290,396		419,088		286,663
Total assets	$	372,550	$	344,137	$	309,653	$	255,016	$	307,728	$	436,433	$	295,767

LIABILITIES
Current liabilities:
Accrued expenses	$	2,186	$	3,130	$	7,616	$	2,349	$	2,872	$	4,379	$	5,458
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		19,181		9,056		9,078		6,192		8,026		11,142		6,926
Tenant deposits		2,845		2,495		3,443		2,768		1,995		3,045		-
Note payable, related party		-		16,500		13,000		3,100		14,200		22,400		-
Mortgage payables		-		256,741		209,311		187,146		218,444		329,788		210,009
Total liabilities	$	24,213	$	287,922	$	242,447	$	201,555	$	245,537	$	370,754	$	222,393

MEMBERS' EQUITY (DEFICIT)
Members' capital		353,236		117,440		100,816		85,336		104,885		159,933		91,913
Accumulated deficit		(4,898)		(61,225)		(33,610)		(31,875)		(42,695)		(94,253)		(18,539)
Total members' equity (deficit)	$	348,338	$	56,215	$	67,206	$	53,461	$	62,190	$	65,679	$	73,374
Total liabilities and members' equity (deficit)	$	372,550	$	344,137	$	309,653	$	255,016	$	307,728	$	436,433	$	295,767

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		348,338		56,215		67,206		53,461		62,190		65,679		73,374
Net adjustments to fair value		95,344		80,891		95,083		74,481		64,712		84,343		34,934
TOTAL NET ASSETS	$	443,682	$	137,106	$	162,289	$	127,942	$	126,902	$	150,022	$	108,308
NET ASSET VALUE PER INTEREST	$	9.94	$	8.78	$	11.10	$	10.60	$	8.86	$	7.59	$	7.33

		Sajni		Salem		Salinas		Saturn		Scepter		Sequoyah		Shallowford
ASSETS
Current assets:
Cash	$	6,000	$	5,107	$	6,000	$	3,603	$	6,000	$	645	$	5,811
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		4,275		3,471		3,251		3,235		3,903		2,607		4,107
Property and equipment, net		297,039		275,000		211,998		187,691		240,272		226,957		323,519
Total assets	$	310,795	$	284,760	$	221,791	$	197,875	$	255,038	$	230,828	$	341,242

LIABILITIES
Current liabilities:
Accrued expenses	$	1,992	$	5,362	$	3,153	$	2,931	$	4,733	$	6,658	$	3,235
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		8,715		8,565		9,538		5,239		7,659		7,893		11,903
Tenant deposits		2,445		2,195		1,945		1,495		2,195		1,750		2,095
Note payable, related party		52,500		18,500		19,300		16,800		5,800		23,500		13,500
Mortgage payables		-		212,550		-		138,251		187,182		123,225		177,201
Total liabilities	$	65,653	$	247,171	$	33,936	$	164,716	$	207,569	$	163,026	$	207,933

MEMBERS' EQUITY (DEFICIT)
Members' capital		286,988		90,659		216,268		79,760		86,035		133,436		200,728
Accumulated deficit		(41,845)		(53,071)		(28,413)		(46,602)		(38,566)		(65,633)		(67,419)
Total members' equity (deficit)	$	245,142	$	37,588	$	187,855	$	33,158	$	47,469	$	67,802	$	133,309
Total liabilities and members' equity (deficit)	$	310,795	$	284,760	$	221,791	$	197,875	$	255,038	$	230,828	$	341,242

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		245,142		37,588		187,855		33,158		47,469		67,802		133,309
Net adjustments to fair value		111,033		174,947		107,942		67,871		54,259		78,287		52,314
TOTAL NET ASSETS	$	356,175	$	212,535	$	295,797	$	101,030	$	101,728	$	146,089	$	185,622
NET ASSET VALUE PER INTEREST	$	10.17	$	15.99	$	10.88	$	9.77	$	8.76	$	8.68	$	7.63

		Shoreline		Sigma		Simon		Sims		Soapstone		Sodalis		Spencer
ASSETS
Current assets:
Cash	$	5,168	$	3,330	$	12,019	$	9,739	$	5,913	$	6,000	$	487
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		5,334		2,869		4,306		4,805		4,240		3,662		2,982
Property and equipment, net		268,490		337,249		267,076		251,185		193,040		273,689		259,732
Total assets	$	284,554	$	350,928	$	284,177	$	266,477	$	203,942	$	284,133	$	266,478

LIABILITIES
Current liabilities:
Accrued expenses	$	7,078	$	6,674	$	2,318	$	3,341	$	6,933	$	8,697	$	6,452
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		10,881		9,628		5,590		5,405		7,022		7,383		13,188
Tenant deposits		2,095		2,869		2,345		2,768		2,350		1,895		2,349
Note payable, related party		30,200		-		-		-		1,900		25,200		4,400
Mortgage payables		211,900		267,160		-		-		128,250		-		195,000
Total liabilities	$	262,154	$	286,331	$	10,253	$	11,514	$	146,455	$	43,174	$	221,389

MEMBERS' EQUITY (DEFICIT)
Members' capital		94,096		111,952		265,510		255,264		63,132		277,711		89,539
Accumulated deficit		(71,696)		(47,355)		8,413		(300)		(5,645)		(36,752)		(44,451)
Total members' equity (deficit)	$	22,400	$	64,597	$	273,924	$	254,964	$	57,486	$	240,959	$	45,089
Total liabilities and members' equity (deficit)	$	284,554	$	350,928	$	284,177	$	266,477	$	203,942	$	284,133	$	266,478

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		22,400		64,597		273,924		254,964		57,486		240,959		45,089
Net adjustments to fair value		91,534		88,918		79,815		54,840		184,369		49,924		98,655
TOTAL NET ASSETS	$	113,935	$	153,515	$	353,738	$	309,803	$	241,855	$	290,883	$	143,744
NET ASSET VALUE PER INTEREST	$	9.32	$	9.49	$	10.37	$	9.55	$	24.18	$	8.72	$	10.41

		Splash		Spring		Stonebriar		Sugar		Summerset		Sundance		Sunnyside
ASSETS
Current assets:
Cash	$	5,603	$	6,000	$	4,393	$	826	$	4,174	$	4,289	$	12,916
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,261		5,350		3,051		5,567		4,539		3,605		3,166
Property and equipment, net		193,539		221,658		180,695		269,228		227,035		286,896		201,100
Total assets	$	202,997	$	233,595	$	193,329	$	282,622	$	237,487	$	295,728	$	217,786

LIABILITIES
Current liabilities:
Accrued expenses	$	5,851	$	4,689	$	2,677	$	4,554	$	5,494	$	4,375	$	2,345
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		6,502		6,598		6,329		16,193		6,208		11,868		4,799
Tenant deposits		1,550		3,590		1,395		3,590		-		2,195		1,595
Note payable, related party		15,700		3,400		15,000		12,200		37,400		12,700		-
Mortgage payables		122,506		-		132,896		201,500		165,750		156,581		-
Total liabilities	$	152,109	$	18,276	$	158,297	$	238,037	$	214,852	$	187,719	$	8,739

MEMBERS' EQUITY (DEFICIT)
Members' capital		65,452		224,762		68,881		115,650		86,029		169,222		198,620
Accumulated deficit		(14,564)		(9,443)		(33,849)		(71,065)		(63,395)		(61,212)		10,427
Total members' equity (deficit)	$	50,888	$	215,319	$	35,032	$	44,585	$	22,635	$	108,010	$	209,047
Total liabilities and members' equity (deficit)	$	202,997	$	233,595	$	193,329	$	282,622	$	237,487	$	295,728	$	217,786

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		50,888		215,319		35,032		44,585		22,635		108,010		209,047
Net adjustments to fair value		115,839		53,622		38,618		108,998		113,508		91,762		74,073
TOTAL NET ASSETS	$	166,727	$	268,940	$	73,650	$	153,583	$	136,143	$	199,772	$	283,120
NET ASSET VALUE PER INTEREST	$	14.91	$	9.39	$	7.78	$	10.46	$	11.67	$	9.46	$	10.74

		Swift		Taylor		Terracotta		Theodore		Tulip		Tuscan		Tuscarora
ASSETS
Current assets:
Cash	$	6,514	$	6,000	$	3,462	$	9,440	$	4,148	$	6,000	$	13,814
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		6,708		2,751		2,363		4,194		2,550		2,795		5,125
Property and equipment, net		307,167		206,762		287,581		265,088		282,145		277,332		303,603
Total assets	$	321,294	$	219,825	$	299,813	$	279,498	$	295,772	$	286,920	$	323,394

LIABILITIES
Current liabilities:
Accrued expenses	$	4,418	$	2,258	$	5,572	$	2,309	$	3,035	$	9,004	$	5,204
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		17,090		11,366		13,555		5,256		13,434		9,554		7,182
Tenant deposits		2,195		848		1,745		2,245		-		2,795		2,895
Note payable, related party		-		19,700		32,400		-		24,300		-		-
Mortgage payables		-		112,348		220,543		-		219,841		181,480		-
Total liabilities	$	23,703	$	146,519	$	273,815	$	9,810	$	260,610	$	202,833	$	15,280

MEMBERS' EQUITY (DEFICIT)
Members' capital		308,514		132,430		109,209		266,220		99,347		101,055		303,316
Accumulated deficit		(10,923)		(59,123)		(83,212)		3,467		(64,184)		(16,967)		4,798
Total members' equity (deficit)	$	297,591	$	73,307	$	25,997	$	269,688	$	35,163	$	84,087	$	308,114
Total liabilities and members' equity (deficit)	$	321,294	$	219,825	$	299,813	$	279,498	$	295,772	$	286,920	$	323,394

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		297,591		73,307		25,997		269,688		35,163		84,087		308,114
Net adjustments to fair value		59,836		71,219		65,774		81,517		70,773		171,160		97,943
TOTAL NET ASSETS	$	357,428	$	144,526	$	91,771	$	351,205	$	105,935	$	255,247	$	406,057
NET ASSET VALUE PER INTEREST	$	9.05	$	9.07	$	6.57	$	10.35	$	7.57	$	15.51	$	10.44

		Tuxford		Vernon		Walton		Wave		Weldon		Wellington		Wentworth
ASSETS
Current assets:
Cash	$	4,936	$	5,237	$	3,318	$	4,201	$	3,862	$	6,000	$	8,115
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		2,377		4,968		1,795		10,606		3,813		5,089		3,600
Property and equipment, net		232,293		227,182		276,637		296,765		183,735		369,399		202,905
Total assets	$	250,237	$	245,039	$	282,405	$	319,407	$	196,167	$	381,550	$	218,402

LIABILITIES
Current liabilities:
Accrued expenses	$	6,817	$	5,425	$	7,408	$	6,309	$	2,871	$	5,513	$	5,828
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		13,176		8,706		16,229		18,646		7,955		9,663		5,721
Tenant deposits		1,995		2,843		1,795		3,890		2,168		2,395		1,595
Note payable, related party		25,800		7,400		34,500		94,200		-		5,200		-
Mortgage payables		176,724		180,056		-		221,935		135,017		-		155,410
Total liabilities	$	224,512	$	204,429	$	59,932	$	344,980	$	148,011	$	22,771	$	168,554

MEMBERS' EQUITY (DEFICIT)
Members' capital		90,702		78,869		283,013		110,927		75,434		378,646		52,850
Accumulated deficit		(64,977)		(38,260)		(60,540)		(136,500)		(27,278)		(19,867)		(3,002)
Total members' equity (deficit)	$	25,725	$	40,610	$	222,473	$	(25,573)	$	48,156	$	358,779	$	49,848
Total liabilities and members' equity (deficit)	$	250,237	$	245,039	$	282,405	$	319,407	$	196,167	$	381,550	$	218,402

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		25,725		40,610		222,473		(25,573)		48,156		358,779		49,848
Net adjustments to fair value		47,375		71,736		97,118		73,863		68,274		58,181		117,896
TOTAL NET ASSETS	$	73,101	$	112,346	$	319,590	$	48,290	$	116,430	$	416,961	$	167,744
NET ASSET VALUE PER INTEREST	$	6.06	$	9.68	$	9.32	$	3.46	$	11.41	$	8.86	$	15.20

		Wescott		Westchester		Wildwood		Willow		Wilson		Winchester		Windsor
ASSETS
Current assets:
Cash	$	2,523	$	3,735	$	6,087	$	2,341	$	8,505	$	4,833	$	-
Other receivables		-		-		-		-		-		-		-
Prepaid expenses		-		-		-		-		-		-		-
Deposits		3,132		5,222		3,643		2,965		3,653		2,313		2,595
Property and equipment, net		244,741		295,139		196,536		262,206		344,334		253,882		303,107
Total assets	$	252,724	$	314,013	$	210,370	$	268,096	$	357,329	$	261,917	$	314,455

LIABILITIES
Current liabilities:
Accrued expenses	$	3,313	$	8,817	$	2,052	$	5,069	$	7,762	$	3,739	$	14,502
Accounts payable		-		-		-		-		-		-		-
Due to (from) related parties		9,845		11,131		6,464		8,392		9,545		5,974		18,783
Tenant deposits		1,695		2,595		1,945		1,545		2,445		1,895		2,595
Note payable, related party		35,000		25,300		-		-		-		5,400		47,300
Mortgage payables		133,267		198,900		107,476		-		-		-		227,500
Total liabilities	$	183,120	$	246,744	$	117,937	$	15,006	$	19,751	$	17,008	$	310,680

MEMBERS' EQUITY (DEFICIT)
Members' capital		142,375		137,278		102,946		267,634		343,697		256,610		114,006
Accumulated deficit		(72,771)		(70,009)		(10,514)		(14,544)		(6,120)		(11,701)		(110,231)
Total members' equity (deficit)	$	69,604	$	67,269	$	92,432	$	253,090	$	337,578	$	244,909	$	3,775
Total liabilities and members' equity (deficit)	$	252,724	$	314,013	$	210,370	$	268,096	$	357,329	$	261,917	$	314,455

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		69,604		67,269		92,432		253,090		337,578		244,909		3,775
Net adjustments to fair value		60,949		91,088		77,346		49,502		115,123		62,768		143,739
TOTAL NET ASSETS	$	130,553	$	158,358	$	169,778	$	302,592	$	452,701	$	307,676	$	147,514
NET ASSET VALUE PER INTEREST	$	7.35	$	8.75	$	11.57	$	9.04	$	10.22	$	9.75	$	9.52

		Winston		Wisteria
ASSETS
Current assets:
Cash	$	8,852	$	1,624
Other receivables		-		-
Prepaid expenses		-		-
Deposits		5,495		2,159
Property and equipment, net		295,265		267,020
Total assets	$	310,349	$	275,796

LIABILITIES
Current liabilities:
Accrued expenses	$	3,438	$	2,732
Accounts payable		-		-
Due to (from) related parties		7,768		12,907
Tenant deposits		1,795		-
Note payable, related party		-		9,300
Mortgage payables		-		205,510
Total liabilities	$	13,001	$	230,449

MEMBERS' EQUITY (DEFICIT)
Members' capital		304,002		93,083
Accumulated deficit		(6,654)		(47,736)
Total members' equity (deficit)	$	297,348	$	45,347
Total liabilities and members' equity (deficit)	$	310,349	$	275,796

NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		297,348		45,347
Net adjustments to fair value		42,617		66,692
TOTAL NET ASSETS	$	339,965	$	112,039
NET ASSET VALUE PER INTEREST	$	8.94	$	8.78

[1] Estimated Balance Sheet as of August 31, 2026.

As described in the section "Description of the Securities Being Offered—Valuation Policies," in the Offering Circular, our operating agreement provides that, following the initial period, at the end of each quarterly period our Manager's internal accountants and asset management team will calculate our NAV using a process that reflects, among other matters:

●

an estimated value of our investments, as determined by the Manager's asset management team, including related liabilities, based upon (a) information from publicly available sources about (i) market rents, comparable sales information and interest rates and (ii) with respect to debt, default rates and discount rates, and (b) in certain instances reports of the underlying real estate provided by an independent valuation expert or automated valuation models;

●

the price of liquid assets for which third party market quotes are available;

●

accruals of our periodic distributions on our common shares; and

●

estimated accruals of the revenues, fees and expenses where we will (a) amortize the brokerage fee, offering expenses and sourcing fee over the lesser of ten years and the fixed rate period of the long term financing tied directly to the assets (typically five to ten years), and (b) include accrued fees and operating expenses, accrued distributions payable, accrued management fees and any inter-company loans extended to the Company by our Manager.

Such determinations may include subjective judgments by the Manager regarding the applicability of certain inputs to market rents and comparable sales information. We do not utilize a capitalization rate approach in determining NAV, because given the nature of our investments in primary residences, we do not believe that the value of a many of our assets can be determined based solely on the business activities as the resale value of such asset will be decided independently of the success of such business activities.

Note, however, that the determination of our NAV is not based on, nor intended to comply with, fair value standards under U.S. GAAP, and such NAV may not be indicative of the price that we would receive for our assets at current market conditions. As a result, the calculation of our NAV may not reflect the precise amount that might be paid for your interests in a market transaction, and any potential disparity in our NAV may be in favor of either holders who redeem their interests, or holders who repurchase such interests, or existing holders. In instances where we determine that an appraisal of a property is necessary, including, but not limited to, instances where third party market values for comparable properties are either nonexistent or extremely inconsistent, we will engage an appraiser that has expertise in appraising residential real estate assets, to act as our independent valuation expert. The independent valuation expert is not responsible for, nor for preparing, our NAV per interest.

As there is no market value for the interests of any series as they are not expected to be listed or traded on any stock exchange (though periodic trading may become available pursuant to our arrangement with North Capital Private Securities ("NCPS"), which is intended to facilitate secondary transactions in interests on an alternative trading system owned and operated by NCPS, as described in the section "Description of Business—Liquidity Platform" in the Offering Circular), our goal in setting NAV on a quarterly basis is to provide a reasonable estimate of the value of our interests on a quarterly basis. However, each series property consists of residential real estate and, as with any residential real estate valuation protocol, the conclusions reached by the Manager's asset management team or internal accountants, as the case may be, are based on a number of judgments, assumptions and opinions about future events that may or may not prove to be correct. The use of different judgments, assumptions or opinions would likely result in different estimates of the value of our investments. In addition, for any given period, our published NAV may not fully reflect certain material events, to the extent that the financial impact of such events on our portfolio is not immediately quantifiable.

Safe Harbor Statement

The information contained in this Current Report on Form 1-U includes some statements that are not historical and that are considered "forward-looking statements." Such forward-looking statements include, but are not limited to, statements regarding our development plans for our business; our strategies and business outlook; anticipated development of our company, the manager and the Arrived platform (defined in the Offering Circular); and various other matters (including contingent liabilities and obligations and changes in accounting policies, standards and interpretations). These forward-looking statements express the manager's expectations, hopes, beliefs, and intentions regarding the future. In addition, without limiting the foregoing, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions and variations, or comparable terminology, or the negatives of any of the foregoing, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this Current Report on Form 1-U are based on current expectations and beliefs concerning future developments that are difficult to predict. Neither our company nor the manager can guarantee future performance, or that future developments affecting our company, the manager or the Arrived platform will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

All forward-looking statements attributable to us are expressly qualified in their entirety by these risks and uncertainties. These risks and uncertainties, along with others, are also described in the Offering Circular under the headings "Summary – Summary Risk Factors" and "Risk Factors." Should one or more of these risks or uncertainties materialize, or should any of the parties' assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not place undue reliance on any forward-looking statements and should not make an investment decision based solely on these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

SIGNATURES

Pursuant to the requirements of Regulation A, the issuer has duly caused this Current Report on Form 1-U to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on October 27, 2026.


	ARRIVED HOMES, LLC

	By:	Arrived Fund Manager, LLC
	Its:	Managing Member

	By:	/s/ Ryan Frazier
		Name: Ryan Frazier
		Title: Chief Executive Officer


	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549

FORM 1-U
CURRENT REPORT PURSUANT TO REGULATION A

Date of Report: October 27, 2026
ARRIVED HOMES, LLC
(Exact name of issuer as specified in its Certificate of Formation)
Delaware			85-2046587
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)
		1700 Westlake Ave North, Suite 200 Seattle, WA 98109
		(Full mailing address of principal executive offices)
		(814)-277-4833
		(Issuer's telephone number)

		www.arrived.com
		(Issuer's website)

Series		NAV Per Interest
100		$8.13
101		$7.66
Abbington		$8.89
Abernant		$9.91
Alvin		$10.28
Amber		$10.23
Apollo		$6.29
Aster		$8.98
Augusta		$9.72
Avebury		$8.09
Avondale		$8.96
Badminton		$12.27
Ballinger		$9.87
Bandelier		$10.45
Baron		$7.83
Basil		$15.12
Bayside		$10.54
Bazzel		$9.72
Bedford		$8.90
Bella		$10.01
Belle		$7.28
Belvedere		$9.80
Bergenia		$9.78
Blossom		$9.14
Bonneau		$9.98
Brainerd		$9.39
Braxton		$9.90
Brennan		$5.94
Briarwood		$9.96
Brooklyn		$8.82
Burlington		$8.24
Butter		$11.25
Calvin		$9.92
Camino		$9.43
Cawley		$9.47
Chaparral		$17.60
Chelsea		$8.36
Chester		$9.99
Chickamauga		$9.89
Chinook		$9.30
Chitwood		$10.26
Clover		$9.36
Coatbridge		$8.51
Collier		$10.57
Collinston		$8.63
Conway		$8.98
Cove		$9.87
Creekside		$9.93
Creekwood		$8.70
Cumberland		$9.15
Cupcake		$15.51
Cypress		$6.93
Daisy		$10.21
Davidson		$10.15
Dawson		$9.70
Delta		$3.47
Dewberry		$11.06
Diablo		$7.55
Dogwood		$9.90
Dolittle		$11.07
Dolly		$8.40
Dops		$10.64
Dorchester		$9.21
Dunbar		$8.30
Eagle		$12.80
Eastfair		$10.33
Eastwood		$10.11
Elevation		$7.14
Ella		$9.97
Ellen		$8.74
Elm		$13.59
Emporia		$4.74
Ensenada		$6.88
Falcon		$12.46
Felix		$9.44
Fenwick		$9.72
Fletcher		$9.45
Folly		$9.52
Forest		$10.52
Foster		$10.45
Franklin		$9.89
Gardens		$8.74
General		$10.01
Goose		$13.36
Grant		$11.88
Greenhill		$10.08
Gretal		$9.44
Grove		$8.80
Hadden		$8.90
Hansard		$11.53
Hansel		$7.56
Hargrave		$9.66
Harrison		$9.16
Henry		$8.06
Heritage		$7.31
Heron		$10.27
Highland		$9.71
Hines		$9.58
Hobbes		$9.77
Holcomb		$7.65
Holland		$10.57
Hollandaise		$8.23
Holloway		$12.84
Inglewood		$9.10
Irene		$9.31
Jack		$8.56
Jake		$7.85
Jefferson		$10.24
Jill		$8.43
Johnny		$8.08
June		$8.22
Jupiter		$10.73
Kawana		$8.19
Kennesaw		$9.12
Kenny		$8.39
KerriAnn		$7.38
Kessler		$9.53
Kingsley		$11.32
Kirkwood		$7.52
Korin		$10.77
Lallie		$5.23
Lanier		$8.78
Lannister		$7.34
Latte		$9.83
Lennox		$12.53
Lierly		$26.36
Lily		$6.92
Limestone		$8.78
Litton		$11.22
Longwoods		$9.49
Lookout		$9.53
Loretta		$9.30
Louis		$10.42
Louise		$10.75
Lovejoy		$5.39
Luna		$11.39
Lurleen		$8.37
Madison		$6.96
Mae		$9.85
Magnolia		$7.34
Malbec		$16.56
Mammoth		$6.90
Marcelo		$9.95
Marie		$11.64
Marietta		$9.62
Marion		$10.16
Marple		$9.02
Martell		$9.83
Mary		$10.54
Matchingham		$10.60
McGregor		$9.83
McLovin		$7.29
Meadow		$9.79
Mimosa		$9.24
Mojave		$14.98
Murphy		$11.45
Mycroft		$9.01
Nugget		$7.75
Odessa		$7.44
Olive		$10.27
Oly		$7.69
Onyx		$8.88
Oscar		$9.38
Osceola		$9.09
Osprey		$9.78
Otoro		$3.53
Palmer		$9.36
Patrick		$16.76
Peanut		$9.59
Pearl		$8.32
Pecan		$17.81
Peterson		$10.10
Piedmont		$6.37
Pinot		$16.46
Pioneer		$8.27
Plumtree		$16.33
Point		$8.24
Porthos		$9.52
Quincy		$8.40
Redondo		$10.16
Regency		$12.93
Reginald		$7.50
Reynolds		$7.93
Ribbonwalk		$9.38
Richardson		$10.10
Richmond		$9.68
Ridge		$10.55
Ritter		$8.86
River		$12.51
Riverwalk		$9.94
Rooney		$8.78
Roseberry		$11.10
Rosewood		$10.60
Roxy		$8.86
Saddlebred		$7.59
Saint		$7.33
Sajni		$10.17
Salem		$15.99
Salinas		$10.88
Saturn		$9.77
Scepter		$8.76
Sequoyah		$8.68
Shallowford		$7.63
Shoreline		$9.32
Sigma		$9.49
Simon		$10.37
Sims		$9.55
Soapstone		$24.18
Sodalis		$8.72
Spencer		$10.41
Splash		$14.91
Spring		$9.39
Stonebriar		$7.78
Sugar		$10.46
Summerset		$11.67
Sundance		$9.46
Sunnyside		$10.74
Swift		$9.05
Taylor		$9.07
Terracotta		$6.57
Theodore		$10.35
Tulip		$7.57
Tuscan		$15.51
Tuscarora		$10.44
Tuxford		$6.06
Vernon		$9.68
Walton		$9.32
Wave		$3.46
Weldon		$11.41
Wellington		$8.86
Wentworth		$15.20
Wescott		$7.35
Westchester		$8.75
Wildwood		$11.57
Willow		$9.04
Wilson		$10.22
Winchester		$9.75
Windsor		$9.52
Winston		$8.94
Wisteria		$8.78