of Units definition

of Units. 540 Average Unit Size: 748 SF Unit Mix: No. BR/BA S..F --- ----- ---- 120 1/1 564 108 1/1 658 60 1/1 677 30 1/1 754 66 1/1 747 25 2/1 851 15 2/1 856 80 2/2 981 36 2/2 1111 Financial Information: Gross Income N/A Vacancy N/A EGI $3,822,120 Expenses $1,674,000 NOI $2,148,120 Units of Comparison: Price/SF $ 55.96 Price/Room $ 12,725 Price/Unit $ 41,852 GRM N/A EGIM 5.91 OAR 9.5% Comments: St. Croix is located on the south side of Xxxxx X. Xxxxx Boulevard, west of Skipper Road. The improvements were developed in two phases; Phase I contains 260 units in 12 buildings and was completed in 1988 and Phase II contains 280 units in 13 buildings completed in 1990.The improvements are of good quality, have been well maintained with periodic upgrades and were considered to be in good condition at the time of sale. The financial information represents current income and expenses. 100 VALUATION: (CONT'D.) -------------------------------------------------------------------------------- [PHOTO APPEARS HERE]

of Units. 176 Average Unit Size: 607 SF Unit Mix: No. BR/BA S.F. --- ----- ---- 36 1/1 400 104 1/1 600 36 2/2 836 Financial Information: Gross Income $1,256,322 Vacancy $ 87,943 EGI $1,168,379 Expenses $ 528,000 NOI $ 640,379 Units of Comparison: Price/SF $55.76 Price/Room $ 10,567 Price/Unit $ 33,864 GRM 4.7 EGIM 5.10 OAR 10.7% Comments: Bay Oaks is located along Bayshore Boulevard just south of Bay to Bay Boulevard in south Tampa. The financial data is based on actual gross income with a 7% vacancy/collections loss allowance, and expenses estimated at $3,000 per unit.

of Units. 328 Average Unit Size: 675 SF Unit Mix: No. BR/BA S.F. --- ----- ---- 80 1/1 474 80 1/1 564 64 1/1 696 64 2/2 860 30 2/2 928 10 2/2 1,084 Financial Information: Gross Income $2,045,236 Vacancy $ 102,262 EGI $1,942,974 Expenses $ 970,000 NOI $ 972,974 Units of Comparison: Price/SF $48.35 Price/Room $ 14,903 Price/Unit $ 32,622 GRM 5.2 EGIM 5.51 OAR 9.1% Comments: The complex is located on the west side of South Xxxxx Avenue, north of Xxxxx Boulevard in south Tampa. According to Mr. Xxxx, approximately $750,000 will be expended in capital improvements over the coming year. Capital improvements will include new office and clubhouse finish, exterior painting of the buildings, upgraded landscaping, and installation of submeters for sewer and water usage. Approximately 30% of the units have washer and dryer connections which obtain a $15 premium per month. Based upon the capital improvement program planned, most of the improvements will be cosmetic and not necessarily required at this time. The recorded sale price is $10,700,000. 102 VALUATION: (CONT'D.) -------------------------------------------------------------------------------- [PHOTO APPEARS HERE] COMPARABLE SALE NO. 0 XXXXX XXXXX Address: 0000 Xxxx Xxxxxxxxxxxx Xxxxxx, Xxxxx, Xxxxxxx Section/ Township/Range: 34/28/18(Hillsborough County) Date of Sale: May 1996 Recorded: Official Records Book 8152, Page 1907 Sales Price: $5,250,000(Adjusted)

Examples of of Units in a sentence

• There is no minimum amount of Securities to be sold by the Trustee pursuant to Section 5.02 of the Indenture for the redemption of Units.

• The minimum number of Units a Unit holder must redeem in order to be eligible for an in-kind distribution of Securities pursuant to Section 5.02 shall be 2,500 Units of the Trust.

• The aggregate number of Units outstanding for the Trust on the Initial Date of Deposit and the initial fractional undivided interest in and ownership of the Trust represented by each Unit thereof are set forth in the Prospectus in the section "Summary of Essential Information." Documents representing this number of Units for the Trust are being delivered by the Trustee to the Depositor pursuant to Section 2.03 of the Standard Terms and Conditions of Trust.

• However, the ability to request an in-kind distribution of Securities pursuant to Section 5.02 will terminate at any time that the number of outstanding Units has been reduced to 10% or less of the highest number of Units issued by the Trust.

• Fees accrued during such month after the end of the initial offering period shall be computed on the number of Units outstanding at the opening of business on the Business Day immediately following the date on which the initial offering period ends.

• The number of Units in a Trust may be increased through a split of the Units or decreased through a reverse split thereof, as directed by the Depositor, on any day on which the Depositor is the only Unitholder of such Trust, which revised number of Units shall be recorded by the Trustee on its books.

• The fractional undivided interest may (a) increase by the number of any additional Units issued pursuant to Section 2.03, (b) increase or decrease in connection with an adjustment to the number of Units pursuant to Section 2.03, or (c) decrease by the number of Units redeemed pursuant to Section 5.02.

• After the primary offering period has terminated, the fee shall accrue daily and be based on the number of Units outstanding on the first business day of each calendar year in which the fee is calculated or the number of Units outstanding at the end of the primary offering period, as appropriate.

• The Trustee shall charge a pro rated portion of its annual fee at the times specified in Section 3.05, which pro rated portion shall be calculated on the basis of the largest number of Units in such Trust at any time during the primary offering period.

• The Depositor shall cause to be refunded to each Unitholder his pro rata portion of the sales charge levied on the sale of Units to such Unitholder attributable to such Failed Contract Security.

More Definitions of of Units

of Units. A register shall be kept by the Trustee containing the names and addresses of the Unit Holders and the number of Units owned by each Unit Holder, and in which all issues, exchanges, transfers and cancellations of Units shall be recorded.