Equity Based Services, Inc

Here are a few highlights for operations for the month of June, 2009.

 

Storage Inn of Las Vegas, NV

• Occupancy remains 88%+/-. 
• Year to date we have been able to decrease expenses by approximately 5% compared to last year.

Pro-Storage Chattanooga, TN

• Occupancy remains 90% +/-.
• Year to date through June 30, 2009 we have been able to decrease expenses by 7.6% compared to last year.

Ashley Road Charleston, SC

• The current occupancy at Ashley Road is 87% and is in great position as we move into the prime leasing months.

Storage Plus Tyler, TX

·         Occupancy remains at approximately 90%.

·         Gross profit for the 2^nd Quarter 2009 has increased over 5.5% compared to the same quarter last year.

AMS 1 Austin, TX

•  AMS 1 Austin remains approximately 88%.
• The property is running at a 32% expense ratio, demonstrating efficient management and strong performance. 

AMS I San Antonio (Fredricksburg), TX

·         As of June 30, 2009 occupancy increased to 84% at the site. 

·         As of July 24th occupancy has further increased to 85.8%.

·         Gross income for the month of June 2009 was 4.8% higher than in June 2008.

·         Year to date through June 2009, gross income has increased 2.9% compared to the same time period in 2008.  

·         Receivables for tenants over thirty days late remain under $1,900, which is very low.

AMS 1 Converse, TX

·                Gross collected income increased 5.4% in June 2009 versus June 2008.

·                Gross collected income year to date through June 2009 increased 5% versus the same time period in 2008.

·                Occupancy remains in the 95% range.

·                Receivables remain low, under $3,000 for tenants over thirty days late.

·                A new digital camera system is being installed at the property.

AMS III Memphis, TN (LocknLatch)

·         The storage units have maintained 90%+/- occupancy

·         The RV parking has increased to 88% in occupancy.

·         Receivables remain extremely low, under $1,000 for tenants over thirty days late

·         Gross income increased 6.9% in June 2009 when compared to June 2008.

·         Year to date through June 2009, net operating income has increased 6.3% vs the same time period in the previous year. 

AMS 1 Colorado Springs, CO (Grinnell)

·         Occupancy has remains at approximately 99% despite the aggressive rent increases to current tenants.

·         Gross income increased 6.7% in the month of June 2009 when compared to June 2008

·         Year to date through June 2009 income has increased 4.8% when compared to the same time period in the prior year.

·         Net operating income has also increased 4.8% year over year in the same time period despite the recession that has crippled other classes of commercial real estate.