Exhibit (c)(14)

000638
Vista Village
El Paso, TX

																																																	Trailing
				Trailing 12 Months (Actual)																																				2002			2003			2004			12 Month			90 Day			30 Day			Adjusted			Explanation
	Per Unit [1]			May-05			Jun-05			Jul-05			Aug-05			Sep-05			Oct-05			Nov-05			Dec-05			Jan-06			Feb-06			Mar-06			Apr-06			Actuals			Actuals			Actuals			Total			Annualized			Annualized			FCF			To Adjustment
Rental Income
Market Rent		7,197			134,640			140,390			153,415			148,120			147,270			137,785			136,035			127,015			111,620			111,485			116,330			119,250			1,390,100			1,416,945			1,557,308			1,583,355			1,388,260			1,431,000			1,570,176		May 06 Mkt Rent + 4.8% growth
Less: Loss to Lease		(42	)		(4,232	)		(9,576	)		(20,962	)		(13,701	)		(15,494	)		(3,711	)		(3,983	)		5,929			19,637			16,113			12,136			8,541			(13,281	)		(22,844	)		(92,400	)		(9,304	)		147,161			102,494			35,234		Current Gain to Lease
Gross Potential Rent		7,155			130,408			130,814			132,453			134,419			131,776			134,074			132,052			132,944			131,257			127,598			128,466			127,791			1,376,819			1,394,101			1,464,908			1,574,051			1,535,421			1,533,494			1,605,410
Concessions		(417	)		(6,598	)		(6,912	)		(7,176	)		(7,517	)		(6,244	)		(6,734	)		(6,405	)		(7,016	)		(8,656	)		(8,998	)		(9,978	)		(9,400	)		(23,024	)		(20,649	)		(37,930	)		(91,635	)		(113,502	)		(112,798	)		(64,216	)	4% Concession Loss
Vacancy		(499	)		(9,243	)		(8,877	)		(4,463	)		(10,077	)		(15,737	)		(12,907	)		(15,917	)		(14,137	)		(7,496	)		(2,157	)		(2,841	)		(5,878	)		(47,875	)		(29,946	)		(68,671	)		(109,731	)		(43,504	)		(70,536	)		(64,216	)	4% Vacancy Loss
Other Rent Losses		(61	)		(1,118	)		(1,168	)		(1,285	)		(1,260	)		(1,250	)		(1,197	)		(1,167	)		(1,083	)		(958	)		(979	)		(998	)		(1,028	)		(5,726	)		(10,569	)		(13,505	)		(13,491	)		(12,020	)		(12,336	)		(8,027	)	.5% Other/Bad Debt Loss
Bad Debt		(53	)		2,188			(684	)		(2,240	)		(2,354	)		(1,827	)		(2,073	)		(928	)		(869	)		337			610			(2,661	)		(1,089	)		(10,552	)		(52,552	)		(51,313	)		(11,588	)		(12,557	)		(13,065	)		—
Net Rental Income		6,125			115,637			113,173			117,289			113,211			106,717			111,163			107,635			109,839			114,483			116,074			111,989			110,397			1,289,642			1,280,386			1,293,490			1,347,606			1,353,839			1,324,760			1,468,950
Economic Occupancy		86	%		89	%		87	%		89	%		84	%		81	%		83	%		82	%		83	%		87	%		91	%		87	%		86	%		94	%		92	%		88	%		86	%		88	%		86	%		91	%
Physical Vacancy		7.0	%		7.1	%		6.8	%		3.4	%		7.5	%		11.9	%		9.6	%		12.1	%		10.6	%		5.7	%		1.7	%		2.2	%		4.6	%		3.5	%		2.1	%		4.7	%		7.0	%		2.8	%		4.6	%		4.0	%
Other Income		427			4,558			5,357			3,714			7,162			2,779			8,515			7,239			7,687			6,897			9,032			13,230			17,828			69,560			96,793			101,471			93,998			160,356			213,933			93,998		Trailing 12 Months
Gross Revenues		6,553			120,195			118,530			121,003			120,374			109,497			119,678			114,874			117,525			121,380			125,106			125,219			128,224			1,359,202			1,377,179			1,394,961			1,441,604			1,514,195			1,538,693			1,562,948
Operating Expenses
Utilities		1,268			14,868			17,536			19,010			26,819			22,334			24,815			37,272			21,448			38,526			25,747			20,731			9,833			224,701			188,719			258,693			278,939			225,245			117,997			287,536		Trailing 12 Months
Contract Services & Landscaping		258			6,370			5,219			4,814			4,997			4,255			5,390			4,308			4,221			3,969			4,964			4,241			4,067			80,597			84,370			73,890			56,816			53,092			48,806			58,616		Trailing 12 Months
Repairs & Maintenance		306			3,207			6,464			2,295			3,809			8,695			8,784			4,149			7,587			851			3,576			10,881			7,083			53,916			56,388			55,014			67,381			86,164			85,002			55,014		CY 2004
Make-Ready/Turnover		320			5,249			2,903			1,725			5,103			11,294			7,219			4,465			10,732			3,512			5,365			6,827			5,980			69,967			62,686			51,171			70,375			72,688			71,762			51,171		CY 2004
Administrative		177			3,125			2,987			1,843			4,167			4,628			4,737			2,160			5,222			2,171			3,343			2,550			1,914			31,858			37,171			34,538			38,846			31,228			22,969			33,000		Estimated at $150/unit
Marketing		247			3,610			3,394			2,858			4,180			4,922			2,943			3,256			6,495			10,234			2,962			6,718			2,685			38,220			34,965			36,926			54,257			49,462			32,225			45,632		CY 2005
Payroll		991			23,648			11,752			17,413			21,836			12,046			20,426			17,954			20,481			17,646			18,361			18,236			18,328			101,629			160,540			181,496			218,126			219,701			219,935			209,000		Estimated at $950/unit
Management Fees		304			5,162			5,675			5,539			5,827			5,433			5,408			5,766			5,292			5,437			5,555			6,119			5,611			64,428			64,663			65,548			66,823			69,139			67,330			46,888		3% of EGR
Real Estate Taxes		603			9,695			9,742			7,219			9,383			12,633			9,811			9,743			12,231			14,025			10,771			10,717			16,754			113,783			107,229			121,878			132,724			152,967			201,046			170,585		Reassessed at 80% of BOV
Insurance		270			4,809			4,723			4,723			4,723			5,713			4,758			4,758			4,758			4,758			4,758			5,440			5,440			48,066			56,985			58,006			59,362			62,550			65,277			55,000		Estimated at $250/unit
Operating Expenses		4,744			79,741			70,394			67,441			90,843			91,953			94,291			93,831			98,466			101,129			85,403			92,460			77,696			827,164			853,716			937,159			1,043,649			1,022,236			932,349			1,012,443
Per Unit																																																		4,744			4,647			4,238			4,602
																																																		26.2	%
Net Operating Income		1,809			40,454			48,136			53,562			29,531			17,544			25,387			21,043			19,059			20,251			39,702			32,759			50,529			532,037			523,463			457,803			397,955			491,958			606,343			550,505
Reserves																																																											66,000		Estimated at $300/unit
Free Cash Flow		1,809			40,454			48,136			53,562			29,531			17,544			25,387			21,043			19,059			20,251			39,702			32,759			50,529			532,037			523,463			457,803			397,955			491,958			606,343			484,505
																																																											7.75	%	market cap rate
Total Number of Units		220		Rent / Unit				582
Net Rentable Square Feet		156,370		Rent / Sq Ft				0.74																																																			6,251,680		Gross Price
Average Square Feet Per Unit		711		Built:				1972
Ownership		22.05	%	Tax Assessment				4,044,693
Property Number:		000638

Current Debt Info:
Original Balance			8,406,213
Current Balance			4,269,017
Interest Rate			6.3	%		Price / Unit	28,417
Amortization Term	fill					Price/Ft.	39.98
Maturity Term	fill
Origination Date	fill				RE Tax Explanation:
Prepay Penalty	fill
Loan Type		CONVENTIONAL
YM expiration date			1/0/00
Due Date			1/0/00		Other Comments:
Is Debt Prepayable? (Y/N)			Y