EXHIBIT 99
----------
AMLI RESIDENTIAL PROPERTIES TRUST
FINANCIAL AND OPERATING DATA
September 30, 2000
1. Funds from Operations
2. Statements of Operations
3. Balance Sheets
4. Selected Financial Information
5. Debt
6. Debt Maturities
7. Same Community Comparison - Wholly-Owned
- three months ended September 30, 2000 and 1999
8. Same Community Comparison - Wholly-Owned
and Co-Investments
- three months ended September 30, 2000 and 1999
9. Property Information
10. Property EBITDA - three months ended September 30, 2000
11. Development Activities
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
FUNDS FROM OPERATIONS
Unaudited - Dollars in thousands except per share data
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
REVENUES
--------
Property revenues:
Rental. . . . . . . . . . . . . . . . . . . . . $ 26,831 27,928 79,880 81,904
Other . . . . . . . . . . . . . . . . . . . . . 1,823 1,813 5,018 5,139
-------- -------- -------- --------
Total Property Revenues . . . . . . . . . 28,654 29,741 84,898 87,043
-------- -------- -------- --------
Property operating expenses . . . . . . . . . . . (10,555) (10,941) (30,681) (31,564)
Property management fees. . . . . . . . . . . . . (714) (743) (2,120) (2,177)
-------- -------- -------- --------
Property expenses . . . . . . . . . . . . (11,269) (11,684) (32,801) (33,741)
Operating expense ratio . . . . . . . . . . . . . 39.3% 39.3% 38.6% 38.8%
-------- -------- -------- --------
Net operating income. . . . . . . . . . . 17,385 18,057 52,097 53,302
-------- -------- -------- --------
OTHER INCOME
------------
Share of Service Cos. FFO (1)(2). . . . . . . . (428) (422) 1,194 (641)
Interest from Service Companies (3) . . . . . . 1,103 1,120 3,514 3,222
Other interest. . . . . . . . . . . . . . . . . 381 410 990 1,102
Share of partnerships FFO (4) . . . . . . . . . 4,129 2,409 10,214 6,458
Fee income - acquisitions, dispositions and
financing . . . . . . . . . . . . . . . . . . 645 503 1,120 503
Fee income - developments . . . . . . . . . . . 398 749 1,353 2,228
Fee income - asset management . . . . . . . . . 145 151 441 453
Fee income - promote. . . . . . . . . . . . . . 1,181 529 1,181 529
Other . . . . . . . . . . . . . . . . . . . . . 161 2 161 292
-------- -------- -------- --------
Total other income. . . . . . . . . . . . 7,715 5,451 20,168 14,146
General and administrative. . . . . . . . . . . . (842) (1,225) (2,700) (3,219)
-------- -------- -------- --------
EBITDA. . . . . . . . . . . . . . . . . . . . . . 24,258 22,283 69,565 64,229
-------- -------- -------- --------
Interest expense. . . . . . . . . . . . . . . . . (6,353) (5,821) (18,243) (16,762)
Amortization of deferred costs. . . . . . . . . . (101) (92) (340) (300)
-------- -------- -------- --------
FUNDS FROM OPERATIONS (FFO) . . . . . . . . . . . $ 17,804 16,370 50,982 47,167
======== ======== ======== ========
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
FUNDS FROM OPERATIONS - CONTINUED
Unaudited - Dollars in thousands except per share data
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
Capital expenditures paid from FFO (5). . . . . . (1,717) (1,043) (3,700) (3,349)
Other - share of Co-investments Cap
yexp. . . . . . . . . . . . . . . . . . . . . . . (240) (96) (488) (312)
-------- -------- -------- --------
Funds available for distribution (FAD). . . . . . $ 15,847 15,231 46,794 43,506
======== ======== ======== ========
FFO per share . . . . . . . . . . . . . . . . . . $ 0.72 0.67 2.07 1.92
FAD per share . . . . . . . . . . . . . . . . . . $ 0.64 0.62 1.90 1.77
Dividend per share. . . . . . . . . . . . . . . . $ 0.47 0.46 1.40 1.36
Dividend as a % of FFO. . . . . . . . . . . . . . 65.5% 69.1% 67.8% 70.8%
Dividend as a % of FAD. . . . . . . . . . . . . . 73.5% 74.3% 73.7% 76.8%
======== ======== ======== ========
<FN>
NOTES:
(1) Reflects share of income before goodwill amortization of $311 in each of the nine months ended September
2000 and 1999.
(2) Includes $2,708 of after tax gains on sales of non-residential land by a Service Company subsidiary for the
nine months ended September 30, 2000.
(3) Interest on 13% notes receivable and working capital advances.
(4) Reflects share of income before share of depreciation of $5,698 and $3,613 for the nine months ended
September, 2000 and 1999, respectively.
(5) Rehab costs of approximately $5,641 and $4,519 for the nine months ended September 30, 2000 and 1999,
respectively, are not reflected in cap ex paid from FFO.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
STATEMENT OF OPERATIONS
Unaudited - Dollars in thousands except per share data
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
REVENUES
--------
Property revenues:
Rental. . . . . . . . . . . . . . . . . . . . . $ 26,831 27,928 79,880 81,904
Other . . . . . . . . . . . . . . . . . . . . . 1,823 1,813 5,018 5,139
Interest and share of income (loss)
from Service Cos. . . . . . . . . . . . . . . . 571 594 4,397 2,270
Other interest. . . . . . . . . . . . . . . . . . 381 410 990 1,102
Share of income from co-investment partnerships . 1,999 1,172 4,516 2,845
Fees from co-investment partnerships & other. . . 2,530 1,934 4,256 4,005
-------- -------- -------- --------
Total revenues. . . . . . . . . . . . . . 34,135 33,851 99,057 97,265
-------- -------- -------- --------
EXPENSES
--------
Personnel . . . . . . . . . . . . . . . . . . . . 2,773 2,806 8,322 8,149
Advertising and promotion . . . . . . . . . . . . 667 714 1,759 1,984
Utilities . . . . . . . . . . . . . . . . . . . . 975 1,110 2,474 3,038
Building repairs and maintenance. . . . . . . . . 1,548 1,656 4,378 4,500
Landscaping and grounds maintenance . . . . . . . 617 639 1,833 1,898
Real estate taxes . . . . . . . . . . . . . . . . 3,391 3,492 10,218 10,420
Insurance . . . . . . . . . . . . . . . . . . . . 211 198 669 619
Other operating expenses. . . . . . . . . . . . . 373 326 1,028 956
Property management fees. . . . . . . . . . . . . 714 743 2,120 2,177
Interest, net of capitalized. . . . . . . . . . . 6,353 5,821 18,243 16,762
Amortization of deferred costs. . . . . . . . . . 101 92 340 300
Depreciation of real property . . . . . . . . . . 3,284 3,225 10,336 10,038
Depreciation of personal property . . . . . . . . 1,354 1,300 4,294 3,671
General and administrative. . . . . . . . . . . . 842 1,225 2,700 3,219
-------- -------- -------- --------
Total expenses. . . . . . . . . . . . . . 23,203 23,347 68,714 67,731
-------- -------- -------- --------
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
STATEMENT OF OPERATIONS - CONTINUED
Unaudited - Dollars in thousands except per share data
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
Non-recurring item - gains on sale of
properties (1). . . . . . . . . . . . . . . . . 6,807 -- 37,274 --
-------- -------- -------- --------
Income before taxes, minority interest
and extraordinary item. . . . . . . . . . . . . 17,739 10,504 67,617 29,534
Minority interest . . . . . . . . . . . . . . . . 2,497 1,514 10,353 4,175
-------- -------- -------- --------
Income before extraordinary items . . . . . . . . 15,242 8,990 57,264 25,359
Extraordinary items, net of minority interest . . -- -- -- --
-------- -------- -------- --------
Net income. . . . . . . . . . . . . . . . . . . . $ 15,242 8,990 57,264 25,359
Net income allocable to preferred shares. . . . . 1,766 1,789 5,424 5,451
-------- -------- -------- --------
Net income allocable to common shares . . . . . . $ 13,476 7,201 51,840 19,908
======== ======== ======== ========
INCOME PER COMMON SHARE:
-----------------------
Before extraordinary items. . . . . . . . . . . . $ 0.77 0.42 3.02 1.18
Extraordinary item. . . . . . . . . . . . . . . . $ 0.00 0.00 0.00 0.00
Income per common share . . . . . . . . . . . . . $ 0.77 0.42 3.02 1.18
Income per common share - diluted . . . . . . . . $ 0.71 0.42 2.70 1.17
======== ======== ======== ========
FUNDS FROM OPERATIONS
---------------------
Income before taxes, minority interest and
extraordinary item. . . . . . . . . . . . . . . $ 17,739 10,504 67,617 29,534
-------- -------- -------- --------
Depreciation of real property . . . . . . . . . . 3,284 3,225 10,336 10,038
Depreciation of personal property . . . . . . . . 1,354 1,300 4,294 3,671
Non-recurring item - gains on sale of properties. (6,807) -- (37,274) --
Share of Co-investments depreciation. . . . . . . 2,130 1,237 5,698 3,613
Share of Service Company amortization of
goodwill. . . . . . . . . . . . . . . . . . . . 104 104 311 311
-------- -------- -------- --------
Funds from operations (FFO) . . . . . . . . . . . $ 17,804 16,370 50,982 47,167
FFO per share . . . . . . . . . . . . . . . . . . $ 0.72 0.67 2.07 1.92
======== ======== ======== ========
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
STATEMENT OF OPERATIONS - CONTINUED
Unaudited - Dollars in thousands except per share data
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
Capital expenditures paid from FFO. . . . . . . . (1,717) (1,043) (3,700) (3,349)
Other - Share Co-investments Cap exp. . . . . . . (240) (96) (488) (312)
-------- -------- -------- --------
Funds available for distribution (FAD). . . . . . $ 15,847 15,231 46,794 43,506
FAD per share . . . . . . . . . . . . . . . . . . $ 0.64 0.62 1.90 1.77
-------- -------- -------- --------
Dividends per share . . . . . . . . . . . . . . . $ 0.47 0.46 1.40 1.36
======== ======== ======== ========
Dividends as a % of FFO . . . . . . . . . . . . . 65.5% 69.1% 67.8% 70.8%
Dividends as a % of FAD . . . . . . . . . . . . . 73.5% 74.3% 73.7% 76.8%
======== ======== ======== ========
<FN>
(1) 2000 includes gain on sale of Sope Creek of $22,316, gain on sale of 80% interest in
Peachtree City of $8,151 and share of gain on sale of Pleasant Hill of $6,807.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
CONDENSED BALANCE SHEETS
Unaudited - Dollars in thousands except per share data
<CAPTION>
SEPT. 30, DEC. 31,
2000 1999
-------- --------
<S> <C> <C>
ASSETS
------
Rental apartments
Land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 90,442 87,903
Depreciable property. . . . . . . . . . . . . . . . . . . . . 597,101 566,509
-------- --------
687,543 654,412
Less accumulated depreciation . . . . . . . . . . . . . . . . (95,587) (82,626)
-------- --------
591,956 571,786
Rental apartments held for sale, net of accumulated depreciation -- 19,784
Properties under development (1). . . . . . . . . . . . . . . . 69,745 47,314
Investments in partnerships . . . . . . . . . . . . . . . . . . 146,926 107,518
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . 1,520 2,318
Security deposits . . . . . . . . . . . . . . . . . . . . . . . 1,491 1,541
Deferred costs, net . . . . . . . . . . . . . . . . . . . . . . 3,093 3,377
Notes receivable and advances to Service Companies. . . . . . . 36,336 35,717
Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . 17,673 15,263
-------- --------
Total assets. . . . . . . . . . . . . . . . . . . . . . $868,740 804,618
======== ========
LIABILITIES AND SHAREHOLDERS' EQUITY
------------------------------------
Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $398,956 369,541
Accrued interest payable. . . . . . . . . . . . . . . . . . . . 1,759 1,743
Accrued real estate taxes . . . . . . . . . . . . . . . . . . . 10,860 9,999
Construction costs payable. . . . . . . . . . . . . . . . . . . 2,133 2,068
Security deposits and prepaid rents . . . . . . . . . . . . . . 2,538 2,807
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . 3,270 3,606
-------- --------
Total liabilities . . . . . . . . . . . . . . . . . . . $419,516 389,764
-------- --------
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
CONDENSED BALANCE SHEETS - CONTINUED
Unaudited - Dollars in thousands except per share data
SEPT. 30, DEC. 31,
2000 1999
-------- --------
Minority interest . . . . . . . . . . . . . . . . . . . . . . . $ 58,130 57,813
-------- --------
Shareholders' equity
Preferred shares, $.01 par value. . . . . . . . . . . . . . . 35 40
Shares of beneficial interest, $.01 par value . . . . . . . . 178 170
Additional paid-in capital. . . . . . . . . . . . . . . . . . 427,541 421,989
Employees and trustees notes. . . . . . . . . . . . . . . . . (11,423) (12,000)
Retained earnings . . . . . . . . . . . . . . . . . . . . . . 157,598 100,334
Dividends paid. . . . . . . . . . . . . . . . . . . . . . . . (182,835) (153,492)
-------- --------
Total shareholders' equity. . . . . . . . . . . . . . . 391,094 357,041
-------- --------
Total liabilities and shareholders' equity. . . . . . . $868,740 804,618
======== ========
<FN>
(1) Includes $49,842 and $37,163 of land parcels that are in development planning stage at
September 30, 2000 and December 31, 1999, respectively.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
SELECTED QUARTERLY FINANCIAL INFORMATION
September 30, 2000
(dollars in thousands except for share data)
<CAPTION>
Quarter Ending
--------------------------------------------------------------------------------
Sep. 30 Jun. 30 Mar. 31 Dec. 31 Sep. 30 Jun. 30 Mar. 31
2000 2000 2000 1999 1999 1999 1999
---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Debt $ 398,956 393,168 398,867 369,541 410,177 382,320 380,475
Debt including
share of Co-invest-
ment debt $ 542,778 520,597 510,230 468,609 502,770 458,682 454,348
Total Shares and
Units Outstanding
(1) 24,552,642 24,544,475 24,544,475 24,538,654 24,529,449 24,524,849 24,464,805
Value per Common
Share - end of
quarter $ 24.00 23.5625 20.50 20.1875 21.00 22.375 20.625
Total Equity
(Market Value) -
end of quarter $ 589,263 578,329 503,162 495,374 515,118 548,743 504,587
Market Capitaliza-
tion $ 988,219 971,497 902,029 864,915 925,295 931,063 885,062
Market Capitaliza-
tion including
share of Co-
investment debt $1,132,041 1,098,926 1,013,392 963,983 1,017,888 1,007,425 958,935
Market Capitaliza-
tion including
Co-investment at
completed cost $1,905,589 1,826,661 1,678,237 1,610,307 1,679,212 1,554,018 1,431,730
========== ========== ========== ========== ========== ========== ==========
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
SELECTED QUARTERLY FINANCIAL INFORMATION - CONTINUED
September 30, 2000
(dollars in thousands except for share data)
Quarter Ending
--------------------------------------------------------------------------------
Sep. 30 Jun. 30 Mar. 31 Dec. 31 Sep. 30 Jun. 30 Mar. 31
2000 2000 2000 1999 1999 1999 1999
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total Revenues (2)$ 34,135 34,097 30,825 31,843 33,851 32,961 30,453
EBITDA (3) $ 24,258 24,156 21,151 21,961 22,283 22,044 19,902
FFO $ 17,804 17,787 15,391 16,412 16,370 16,322 14,475
FAD $ 15,847 16,442 14,505 15,275 15,232 14,857 13,418
Dividends Paid $ 11,537 11,290 11,290 11,287 11,038 11,011 11,004
Debt service (net
of capitalized
interest) $ 7,065 6,947 6,316 6,075 6,497 6,280 5,995
Interest Expense $ 6,353 6,248 5,642 5,439 5,821 5,625 5,316
G & A Expense $ 842 930 928 823 1,225 948 1,046
Total Shares and
Units Outstanding
- Wtd. Avg. 24,546,254 24,544,475 24,541,971 24,534,912 24,527,610 24,467,931 24,455,709
========== ========== ========== ========== ========== ========== ==========
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
SELECTED QUARTERLY FINANCIAL INFORMATION - CONTINUED
September 30, 2000
(dollars in thousands except for share data)
Quarter Ending
--------------------------------------------------------------------------------
Sep. 30 Jun. 30 Mar. 31 Dec. 31 Sep. 30 Jun. 30 Mar. 31
2000 2000 2000 1999 1999 1999 1999
---------- ---------- ---------- ---------- ---------- ---------- ----------
Interest Coverage
Ratio 3.82 3.87 3.75 4.04 3.83 3.92 3.74
Debt as % of
Total Market
Capitalization 40.37% 40.47% 44.22% 42.73% 44.33% 41.06% 42.99%
Debt (incl. Share
of Co-investment
debt) as % of
Total Market Cap 47.95% 47.37% 50.35% 48.61% 49.39% 45.53% 47.38%
EBITDA as % of
Total Market
Capitalization 9.82% 9.95% 9.38% 10.16% 9.63% 9.47% 8.99%
FFO as % of Total
Market Equity 12.09% 12.30% 12.24% 13.25% 12.71% 11.90% 11.47%
G&A as % of
Total Market
Capitalization 0.34% 0.38% 0.41% 0.38% 0.53% 0.41% 0.47%
G&A as % of
Total Revenues 2.47% 2.73% 3.01% 2.58% 3.62% 2.88% 3.43%
Dividends as %
of FFO (4) 65.5% 65.2% 73.5% 68.9% 69.1% 67.7% 76.2%
Dividends as %
of FAD (4) 73.5% 70.6% 78.0% 74.0% 74.3% 74.3% 82.2%
========== ========== ========== ========== ========== ========== ==========
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
SELECTED QUARTERLY FINANCIAL INFORMATION - CONTINUED
September 30, 2000
(dollars in thousands except for share data)
Quarter Ending
--------------------------------------------------------------------------------
Sep. 30 Jun. 30 Mar. 31 Dec. 31 Sep. 30 Jun. 30 Mar. 31
2000 2000 2000 1999 1999 1999 1999
---------- ---------- ---------- ---------- ---------- ---------- ----------
Apartment Units
- In Operation
Wholly Owned 12,264 12,264 12,576 12,515 13,288 13,032 13,032
Co-investments 11,604 10,963 9,205 8,936 8,058 7,583 7,007
---------- ---------- ---------- ---------- ---------- ---------- ----------
23,868 23,227 21,781 21,451 21,346 20,615 20,039
---------- ---------- ---------- ---------- ---------- ---------- ----------
Apartment Units
- Under Development
or in lease up
Wholly Owned 500 500 200 200 200 416 1,246
Co-investments 3,642 3,234 4,098 4,098 5,138 4,306 3,136
---------- ---------- ---------- ---------- ---------- ---------- ----------
4,142 3,734 4,298 4,298 5,338 4,722 4,382
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total Units 28,010 26,961 26,079 25,749 26,684 25,337 24,421
========== ========== ========== ========== ========== ========== ==========
<FN>
(1) At September 30, 2000, the total includes 3,475,000 preferred shares convertible to common shares.
(2) Excluding gains on sales of completed rental properties.
(3) Includes other income, net of G & A expenses.
(4) Based on per share amounts.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
PORTFOLIO INDEBTEDNESS SUMMARY
September 30, 2000
(Dollars in thousands)
<CAPTION>
Weighted
Avg.
Percent of Interest Years to
Type of Indebtedness Balance Total Interest Rate Maturity
-------------------- -------- ----------- ---------- --------- ----------
<S> <C> <C> <C> <C> <C>
Conventional Fixed Rate $166,456 41.7% Fixed 7.63% 6.4
Tax-exempt Variable Rate (1) 50,250 12.6% Variable 6.79% 2.1
Credit Facilities (2) 176,500 44.2% Variable 7.87% 2.0
Service Companies 5,750 1.5% Fixed 9.22% 2.0
-------- ------ ----- ---
Total $398,956 100.0% 7.65% 3.9
======== ====== ===== ===
Weighted
Balance including Avg.
share of Co- Percent of Interest Years to
Type of Indebtedness investment debt(3) Total Interest Rate Maturity
-------------------- ----------------- ----------- ---------- --------- ----------
Conventional Fixed Rate $310,278 57.2% Fixed 7.58% 6.8
Tax-exempt Variable Rate (1) 50,250 9.2% Variable 6.79% 2.1
Credit Facilities (2) 176,500 32.5% Variable 7.87% 2.0
Service Companies 5,750 1.1% Fixed 9.22% 2.0
-------- ------ ----- ---
Total $542,778 100.0% 7.64% 4.7
======== ====== ===== ===
<FN>
(1) Maturity Date shown is expiration date of Credit Enhancement. Bonds mature in 2024.
(2) $150,000 has been swapped to a fixed rate ($20,000 maturing in November 2002, $30,000 maturing in February
2003, $25,000 maturing in September 2004 and $75,000 maturing in May 2001.) Effective interest rate includes swap
costs.
(3) Co-Investment debt represents Amli Residential's pro rata share of debt. Interest rate and maturity reflect
average numbers based on Amli's pro rata share.
(4) Weighted average interest rate reflects rate in effect of the last day of the quarter.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEBT MATURITIES
SEPTEMBER 30, 2000
Unaudited - dollars in thousands
<CAPTION>
There- % to
2000 2001 2002 2003 2004 after Total Total
-------- -------- -------- -------- -------- -------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Fixed Rate Mortgages $ 725 3,039 3,273 60,117 8,933 90,369 166,456 41.7%
Tax Exempt Bonds* 50,250 50,250 12.6%
Wachovia/First Chicago
Line of Credit** 176,500 176,500 44.2%
Other 750 5,000 5,750 1.5%
-------- -------- -------- -------- -------- -------- -------- -------
Total Loans $ 1,475 3,039 230,023 65,117 8,933 90,369 398,956 100.0%
======== ======== ======== ======== ======== ======== ======== =======
Percent to Total 0.4% 0.8% 57.7% 16.3% 2.2% 22.6% 100.0% 73.5%
======== ======== ======== ======== ======== ======== ======== =======
SHARE OF CO-INVESTMENT DEBT
---------------------------
Nationwide Life Ins. -
Greenwood Forest (15%) 5 20 1,679 0 0 0 1,704 1.2%
Lincoln National Ins. -
Champions Park (15%) 6 24 1,259 0 0 0 1,289 0.9%
Prudential Ins. -
Champions Centre (15%) 3 12 955 0 0 0 970 0.7%
Allstate Life Ins. -
Windbrooke (15%) 5 20 1,658 0 0 0 1,683 1.2%
CIGNA -
Chevy Chase (33%) 48 202 217 8,770 0 0 9,237 6.4%
Northwestern Mutual Life
Ins. - Willowbrook (40%) 42 175 190 8,907 0 0 9,314 6.5%
Phoenix Mutual -
Willeo Creek (30%) 15 61 66 2,686 0 0 2,828 2.0%
Northwestern Mutual Life
Ins. - Barrett Lakes
(35%) 20 84 91 99 108 5,309 5,711 4.0%
Erie Insurance -
River Park (40%) 12 52 56 60 65 3,272 3,517 2.4%
Prudential Ins. -
Amli at Danada (10%) 6 27 29 31 33 2,288 2,414 1.7%
Phoenix Home Life -
Amli at Verandah (35%) 23 94 102 110 5,480 0 5,809 4.0%
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEBT MATURITIES - CONTINUED
There- % to
2000 2001 2002 2003 2004 after Total Total
-------- -------- -------- -------- -------- -------- -------- -------
Northwestern Mutual Life
Ins. - Northwinds (35%) 15 95 103 112 121 11,384 11,830 8.2%
Northwestern Mutual Life
Ins. - Regents Crest
(25%) 18 76 82 3,710 0 0 3,886 2.6%
Northwestern Mutual Life
Ins. - Parkway (25%) 12 49 52 56 60 2,398 2,627 1.8%
Jackson National Life
Ins. - Timberglen (40%) 11 45 49 52 2,463 0 2,620 1.8%
Northwestern Mutual Life -
Deerfield (25%) 8 30 33 36 39 2,985 3,131 2.2%
AMI Capital, Inc. -
Lost Mountain (75%) 3 38 41 44 47 6,089 6,262 4.4%
Amli Residential -
Summit Ridge (25%) 0 0 4,739 0 0 0 4,739 3.3%
Northwestern Mutual
Life Ins. - Preston-
wood Hills (45.3%) 14 57 61 65 71 4,956 5,224 3.6%
Northwestern Mutual
Life Ins. - Windward
Park (45.3%) 22 87 94 101 108 7,752 8,164 5.7%
FNMA - Oakbend (40%) 17 71 76 83 89 7,149 7,485 5.2%
Northwestern Mutual
Life Ins. - Midtown
(45.3%) 24 98 106 114 125 9,423 9,890 6.9%
Northwestern Mutual
Life Ins. - Frankford
(45.3%) 24 96 104 113 123 11,188 11,648 8.0%
PNC Bank - Peachtree
City II (20%) 0 0 651 0 0 0 651 0.5%
Northwestern Mutual
Life Ins. -
Scofield (45.3%) 25 101 109 118 129 10,682 11,164 7.8%
Northwestern Mutual
Life Ins. -
Breckinridge (45.3%) 87 98 106 114 123 9,497 10,025 7.0%
-------- -------- -------- -------- -------- -------- -------- -------
Total Share of
Co-Investments Loans $ 465 1,712 12,708 25,381 9,184 94,372 143,822 100.0%
======== ======== ======== ======== ======== ======== ======== =======
Percent to Total 0.3% 1.2% 8.8% 17.7% 6.4% 65.6% 100.0% 26.5%
======== ======== ======== ======== ======== ======== ======== =======
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEBT MATURITIES - CONTINUED
There- % to
2000 2001 2002 2003 2004 after Total Total
-------- -------- -------- -------- -------- -------- -------- -------
Total Including Share
of Co-Investment Debt $ 1,940 4,751 242,731 90,498 18,117 184,741 542,778 100.0%
======== ======== ======== ======== ======== ======== ======== =======
Percent to Total 0.4% 0.9% 44.7% 16.7% 3.3% 34.0% 100.0% 100.0%
======== ======== ======== ======== ======== ======== ======== =======
<FN>
* The Spring Creek Bonds mature in October 2024, but the credit enhancement expires on October 15, 2002.
* The Poplar Creek Bonds mature in February 2024, but credit enhancement expires December 18, 2002.
** The Unsecured Line of Credit, which has a current maturity of October 2002, is in the process of being
extended to November 2003, with one additional year extension option.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED PROPERTIES)
THREE MONTHS ENDED SEPTEMBER 30, 2000 VERSUS THREE MONTHS ENDED SEPTEMBER 30, 1999
(Excludes all properties acquired or stabilized after 1/1/99)
<CAPTION>
7/1/00-9/30/00 7/1/99-9/30/99
No. of --------------------------------- % --------------------------------
Apts. Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- -------- ---------- ------ ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
WEIGHTED AVG.
OCCUPANCY
-------------
Dallas 4,560 93.8% 0.4% 93.4%
Atlanta 2,365 93.1% 0.0% 93.1%
Austin 1,289 95.4% -0.7% 96.1%
Indianapolis 1,536 90.1% 0.2% 90.0%
Kansas 1,306 90.3% -3.8% 93.8%
Chicago 196 94.4% -2.4% 96.8%
------ ----- ----- -----
Weighted Average 92.9% -0.4% 93.3%
===== ===== =====
Total 11,252
======
WEIGHTED AVG.
RENTAL RATE
-------------
Dallas $ 724 0.3% $722
Atlanta $ 818 3.0% $794
Austin $ 795 8.5% $732
Indianapolis $ 688 1.8% $676
Kansas $ 819 0.8% $813
Chicago $1,036 4.6% $991
------ ---- ----
Weighted Average $ 763 2.2% $747
====== ==== ====
TOTAL PROPERTY
REVENUES Per Month Per Month
--------------- ---------- ----------
Dallas $ 9,907,823 $ 724 $ 0.83 1.4% $ 9,773,480 $ 714 $ 0.82
Atlanta $ 5,743,135 $ 809 $ 0.86 3.1% $ 5,567,844 $ 785 $ 0.83
Austin $ 3,212,333 $ 831 $ 1.07 10.4% $ 2,910,997 $ 753 $ 0.97
Indianapolis $ 3,104,619 $ 674 $ 0.76 4.6% $ 2,968,927 $ 644 $ 0.73
Kansas $ 3,100,670 $ 791 $ 0.80 -2.1% $ 3,168,349 $ 809 $ 0.82
Chicago $ 613,381 $1,043 $ 1.15 4.5% $ 586,905 $ 998 $ 1.10
----------- ------ ------ ----- ----------- ------ ------
Total $25,681,961 $ 761 $ 0.85 2.8% $24,976,501 $ 740 $ 0.83
=========== ====== ===== ===== =========== ====== ======
<PAGE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED PROPERTIES) - CONTINUED
7/1/00-9/30/00 7/1/99-9/30/99
--------------------------------- % --------------------------------
Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- ---------- ------ ---------- -------- ---------
PROPERTY OPERATING EXPENSES (ANNUALIZED) (ANNUALIZED)
--------------------------- ------------ ------------
Dallas $ 4,139,327 $3,631 $4.18 0.7% $ 4,109,291 $3,605 $4.15
Atlanta $ 2,068,458 $3,498 $3.71 -2.4% $ 2,120,264 $3,586 $3.80
Austin $ 1,223,326 $3,796 $4.89 5.7% $ 1,157,022 $3,590 $4.63
Indianapolis $ 1,230,389 $3,204 $3.62 2.6% $ 1,198,953 $3,122 $3.52
Kansas $ 1,137,513 $3,484 $3.51 -2.0% $ 1,160,241 $3,554 $3.58
Chicago $ 304,140 $6,207 $6.82 0.7% $ 302,111 $6,166 $6.77
------------ ------ ----- ----- ----------- ------ -----
Total $ 10,103,153 $3,592 $4.03 0.6% $10,047,882 $3,572 $4.01
============ ====== ===== ===== =========== ====== =====
Operating Efficiency 39.3% 40.2%
============ ===========
</TABLE>
<TABLE>
<CAPTION>
PER MONTH PER MONTH
--------- ----------
NOI 2000% 1999%
--- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dallas 58.2% 58.0% $ 5,768,497 $422 $0.49 1.8% $ 5,664,189 $414 $0.48
Atlanta 64.0% 61.9% $ 3,674,677 $518 $0.55 6.6% $ 3,447,580 $486 $0.51
Austin 61.9% 60.3% $ 1,989,007 $514 $0.66 13.4% $ 1,753,974 $454 $0.58
Indianapolis60.4% 59.6% $ 1,874,229 $407 $0.46 5.9% $ 1,769,974 $384 $0.43
Kansas 63.3% 63.4% $ 1,963,157 $501 $0.51 -2.2% $ 2,008,108 $513 $0.52
Chicago 50.4% 48.5% $ 309,241 $526 $0.58 8.6% $ 284,794 $484 $0.53
----- ----- ------------ ---- ----- ----- ----------- ---- -----
Total 60.7% 59.8% $ 15,578,808 $462 $0.52 4.4% $14,928,619 $442 $0.50
===== ===== ============ ==== ===== ===== =========== ==== =====
Operating Margin 60.7% 59.8%
============ ===========
CAPITAL EXPENDITURES (ANNUALIZED) (ANNUALIZED)
-------------------- ------------ -------------
Dallas $ 888,293 $ 779 $0.90 142.5% $ 366,317 $ 321 $0.37
Atlanta $ 269,504 $ 456 $0.48 38.7% $ 194,377 $ 329 $0.35
Austin $ 148,838 $ 462 $0.60 -33.8% $ 224,797 $ 698 $0.90
Indianapolis $ 100,530 $ 262 $0.30 87.7% $ 53,570 $ 140 $0.16
Kansas $ 118,996 $ 364 $0.37 125.0% $ 52,890 $ 162 $0.16
Chicago $ 105,747 $2,158 $2.37 390.0% $ 21,582 $ 440 $0.48
------------ ------ ----- ------ ---------- ------ -----
Total $ 1,631,908 $ 580 $0.65 78.6% $ 913,532 $ 325 $0.36
============ ====== ===== ====== ========== ====== =====
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED PROPERTIES) - CONTINUED
<CAPTION>
7/1/00-9/30/00 7/1/99-9/30/99
--------------------------------- % --------------------------------
Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- ---------- ------ ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
REPAIRS AND MAINTENANCE (ANNUALIZED) (ANNUALIZED)
----------------------- ------------ ------------
Dallas $ 530,097 $ 465 $0.54 1.2% $ 523,579 $ 459 $0.53
Atlanta $ 392,822 $ 664 $0.70 -2.1% $ 401,162 $ 678 $0.72
Austin $ 123,747 $ 384 $0.49 -8.2% $ 134,745 $ 418 $0.54
Indianapolis $ 216,427 $ 564 $0.64 13.3% $ 190,981 $ 497 $0.56
Kansas $ 115,752 $ 355 $0.36 -6.8% $ 124,135 $ 380 $0.38
Chicago $ 41,005 $ 837 $0.92 38.3% $ 29,644 $ 605 $0.66
------------ ------ ----- ------ ---------- ------ -----
Total $ 1,419,849 $ 505 $0.57 1.1% $1,404,246 $ 499 $0.56
============ ====== ===== ====== ========== ====== =====
REAL ESTATE TAXES (ANNUALIZED) (ANNUALIZED)
----------------- ------------ ------------
Dallas $ 1,431,698 $1,256 $1.45 -3.1% $1,476,744 $1,295 $1.49
Atlanta $ 404,726 $ 685 $0.72 -11.3% $ 456,063 $ 771 $0.82
Austin $ 445,475 $1,382 $1.78 4.9% $ 424,800 $1,318 $1.70
Indianapolis $ 306,540 $ 798 $0.90 -0.7% $ 308,601 $ 804 $0.91
Kansas $ 286,476 $ 877 $0.88 -9.5% $ 316,635 $ 970 $0.98
Chicago $ 136,076 $2,777 $3.05 -15.1% $ 160,200 $3,269 $3.59
------------ ------ ----- ----- ---------- ------ -----
Total $ 3,010,990 $1,070 $1.20 -4.2% $3,143,043 $1,117 $1.25
============ ====== ===== ===== ========== ====== =====
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED AND CO-INVESTMENT PROPERTIES)
THREE MONTHS ENDED SEPTEMBER 30, 2000 VERSUS THREE MONTHS ENDED SEPTEMBER 30, 1999
(Includes new properties at 7/1/99 - Wells Branch & Fox Valley)
<CAPTION>
7/1/00 - 9/30/00 7/1/99 - 9/30/99
No. of --------------------------------- % --------------------------------
Apts. Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- -------- ---------- ------ ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
WEIGHTED AVG.
OCCUPANCY
-------------
Dallas 5,982 93.7% -0.1% 93.8%
Atlanta 3,275 93.7% -0.3% 93.9%
Austin 1,865 95.4% 0.2% 95.2%
Houston 754 92.1% -1.3% 93.3%
Indianapolis 1,536 90.1% 0.2% 90.0%
Kansas 1,674 89.5% -4.7% 93.9%
Chicago 2,384 95.5% 0.9% 94.7%
------ ----- ----- -----
Weighted Average 93.3% -0.4% 93.7%
===== ===== =====
Total 17,470
======
WEIGHTED AVG.
RENTAL RATE
-------------
Dallas $ 727 0.6% $723
Atlanta $ 840 3.3% $814
Austin $ 823 8.0% $762
Houston $ 715 -4.7% $751
Indianapolis $ 688 1.8% $676
Kansas $ 808 0.6% $804
Chicago $1,032 3.5% $997
------ ---- ----
Weighted Average $ 804 2.2% $786
====== ==== ====
TOTAL PROPERTY
REVENUES Per Month Per Month
--------------- ---------- ----------
Dallas $13,105,136 $ 730 $ 0.84 1.2% $12,952,866 $ 722 $ 0.83
Atlanta $ 8,289,925 $ 844 $ 0.86 3.7% $ 7,995,664 $ 814 $ 0.83
Austin $ 4,798,710 $ 858 $ 1.02 10.1% $ 4,357,103 $ 779 $ 0.93
Houston $ 1,570,282 $ 694 $ 0.75 -6.6% $ 1,680,359 $ 743 $ 0.80
Indianapolis $ 3,104,619 $ 674 $ 0.75 4.6% $ 2,968,927 $ 644 $ 0.72
Kansas $ 3,893,927 $ 775 $ 0.79 -3.4% $ 4,031,484 $ 803 $ 0.82
Chicago $ 7,762,226 $1,085 $ 1.24 6.9% $ 7,261,600 $1,015 $ 1.16
----------- ------ ------ ----- ----------- ------ ------
$42,524,824 $ 811 $ 0.90 3.1% $41,248,004 $ 787 $ 0.87
=========== ====== ====== ===== =========== ====== ======
<PAGE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED AND CO-INVESTMENT PROPERTIES)
- CONTINUED
7/1/00 - 9/30/00 7/1/99 - 9/30/99
--------------------------------- % --------------------------------
Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- ---------- ------ ---------- -------- ---------
PROPERTY OPERATING EXPENSES (ANNUALIZED) (ANNUALIZED)
--------------------------- ------------ ------------
Dallas $ 5,583,263 $3,733 $4.32 1.9% $ 5,481,683 $3,665 $4.24
Atlanta $ 2,722,009 $3,325 $3.38 -9.6% $ 3,011,533 $3,678 $3.74
Austin $ 1,841,320 $3,949 $4.71 1.2% $ 1,819,358 $3,902 $4.66
Houston $ 751,880 $3,989 $4.31 3.5% $ 726,589 $3,855 $4.17
Indianapolis $ 1,230,389 $3,204 $3.56 2.6% $ 1,198,953 $3,122 $3.47
Kansas $ 1,464,720 $3,500 $3.56 -0.8% $ 1,476,032 $3,527 $3.59
Chicago $ 2,696,258 $4,524 $5.18 17.7% $ 2,290,709 $3,843 $4.40
------------ ------ ----- ----- ----------- ------ -----
Total $ 16,289,839 $3,730 $4.13 1.8% $16,004,856 $3,665 $4.06
============ ====== ===== ===== =========== ====== =====
Operating Efficiency 38.3% 38.8%
============ ==========
</TABLE>
<TABLE>
<CAPTION>
PER MONTH PER MONTH
--------- ----------
NOI 2000% 1999%
--- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dallas 57.4% 57.7% $ 7,521,873 $419 $0.48 0.7% $ 7,471,182 $416 $0.48
Atlanta 67.2% 62.3% $ 5,567,916 $567 $0.58 11.7% $ 4,984,131 $507 $0.52
Austin 61.6% 58.2% $ 2,957,390 $529 $0.63 16.5% $ 2,537,746 $454 $0.54
Houston 52.1% 56.8% $ 818,403 $362 $0.39 -14.2% $ 953,770 $422 $0.46
Indianapolis60.4% 59.6% $ 1,874,229 $407 $0.45 5.9% $ 1,769,974 $384 $0.43
Kansas 62.4% 63.4% $ 2,429,207 $484 $0.49 -4.9% $ 2,555,453 $509 $0.52
Chicago 65.3% 68.5% $ 5,065,967 $708 $0.81 1.9% $ 4,970,891 $695 $0.80
----- ----- ------------ ---- ----- ----- ----------- ---- -----
Total 61.7% 61.2% $ 26,234,985 $501 $0.55 3.9% $25,243,148 $482 $0.53
===== ===== ============ ==== ===== ===== =========== ==== =====
Operating Margin 61.7% 61.2%
============ ===========
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED AND CO-INVESTMENT PROPERTIES)
- CONTINUED
<CAPTION>
7/1/00 - 9/30/00 7/1/99 - 9/30/99
--------------------------------- % --------------------------------
Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- ---------- ------ ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
CAPITAL EXPENDITURES (ANNUALIZED) (ANNUALIZED)
-------------------- ------------ ------------
Dallas $ 992,428 $ 664 $0.77 128.8% $ 433,755 $ 290 $0.34
Atlanta $ 327,873 $ 400 $0.41 49.7% $ 219,078 $ 268 $0.27
Austin $ 148,838 $ 319 $0.38 -33.8% $ 224,797 $ 482 $0.58
Houston $ 38,334 $ 203 $0.22 31.5% $ 29,144 $ 155 $0.17
Indianapolis $ 100,530 $ 262 $0.29 87.7% $ 53,570 $ 140 $0.16
Kansas $ 258,921 $ 619 $0.63 341.3% $ 58,666 $ 140 $0.14
Chicago $ 363,052 $ 609 $0.70 133.0% $ 155,803 $ 261 $0.30
------------ ------ ----- ------ ---------- ------ -----
Total $ 2,229,976 $ 511 $0.57 89.8% $1,174,813 $ 269 $0.30
============ ====== ===== ====== ========== ====== =====
REPAIRS AND MAINTENANCE (ANNUALIZED) (ANNUALIZED)
----------------------- ------------ ------------
Dallas $ 701,095 $ 469 $0.54 1.3% $ 692,307 $ 463 $0.54
Atlanta $ 496,396 $ 606 $0.62 -1.5% $ 503,856 $ 615 $0.63
Austin $ 166,391 $ 357 $0.43 -17.8% $ 202,519 $ 434 $0.52
Houston $ 62,204 $ 330 $0.36 41.9% $ 43,830 $ 233 $0.25
Indianapolis $ 216,427 $ 564 $0.63 13.3% $ 190,981 $ 497 $0.55
Kansas $ 147,436 $ 352 $0.36 -1.2% $ 149,263 $ 357 $0.36
Chicago $ 381,934 $ 641 $0.73 7.3% $ 355,847 $ 597 $0.68
------------ ------ ----- ------ ---------- ------ -----
Total $ 2,171,883 $ 497 $0.55 1.6% $2,138,603 $ 490 $0.54
============ ====== ===== ====== ========== ====== =====
REAL ESTATE TAXES (ANNUALIZED) (ANNUALIZED)
----------------- ------------ ------------
Dallas $ 1,945,451 $1,301 $1.50 0.1% $1,942,570 $1,299 $1.50
Atlanta $ 416,677 $ 509 $0.52 -39.8% $ 691,752 $ 845 $0.86
Austin $ 707,975 $1,518 $1.81 5.2% $ 672,855 $1,443 $1.72
Houston $ 280,161 $1,486 $1.61 -10.9% $ 314,568 $1,669 $1.80
Indianapolis $ 306,540 $ 798 $0.89 -0.7% $ 308,601 $ 804 $0.89
Kansas $ 370,596 $ 886 $0.90 -7.9% $ 402,393 $ 962 $0.98
Chicago $ 942,113 $1,581 $1.81 38.8% $ 678,901 $1,139 $1.31
------------ ------ ----- ------ ---------- ------ -----
Total $ 4,969,512 $1,138 $1.26 -0.8% $5,011,640 $1,147 $1.27
============ ====== ===== ====== ========== ====== =====
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
PROPERTY INFORMATION
As of September 30, 2000
<CAPTION>
Qtr ended
Sept. 30, 2000
Approx- Average Qtr ended
imate Rental Rates Sept. 30,
Number Rentable Average ------------- 2000
Year of Area Unit Size Per Per Average
PROPERTIES Location Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- --------- ------ --------- --------- ---- ----- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
WHOLLY OWNED
PROPERTIES
------------
DALLAS/FT.
WORTH, TX
----------
Amli:
at Autumn Chase Carrollton, TX 87/96/99 690 598,128 867 733 $0.85 91.7%
at Bent Tree Dallas, TX 1996 300 282,774 943 840 0.89 95.9%
at Bishop's Gate West Plano, TX 1997 266 292,094 1,098 1,016 0.92 90.9%
at Chase Oaks Plano, TX 1986 250 193,736 775 701 0.90 93.9%
at Gleneagles Dallas, TX 87/97 590 520,357 882 714 0.81 93.6%
on the Green Ft. Worth, TX 90/93 424 358,560 846 700 0.83 95.3%
at Nantucket Dallas, TX 1986 312 222,208 712 571 0.80 94.5%
of North Dallas Dallas, TX 85/86 1,032 906,808 879 684 0.78 91.6%
on Rosemeade Dallas, TX 1987 236 205,334 870 689 0.79 96.0%
at Valley Ranch Irving, TX 1985 460 389,940 848 726 0.86 96.6%
----- --------- --- ---- ----- ------
Subtotal-Dallas/
Ft. Worth, TX 4,560 3,969,939 871 724 $0.83 93.5%
----- --------- --- ---- ----- ------
ATLANTA, GA
-----------
Amli:
at Clairmont Atlanta, GA 1988 288 229,335 796 840 1.05 95.8%
at Killian Farms Snellville, GA 1999 256 262,785 1,027 811 0.79 97.1%
at Park Creek Gainesville, GA 1998 200 195,146 976 780 0.80 94.1%
at Spring Creek Dunwoody, GA 85/86/
87/89 1,180 1,080,568 916 778 0.85 91.3%
at Vinings Atlanta, GA 1985 360 374,240 1,040 839 0.81 97.0%
at West Paces Atlanta, GA 1992 337 353,700 1,050 938 0.89 93.5%
at Towne Creek Gainesville, GA 1989 150 121,722 811 681 0.84 96.2%
------ --------- ----- ---- ----- ------
Subtotal-
Atlanta, GA 2,771 2,617,496 945 810 0.86 93.8%
------ --------- ----- ---- ----- ------
<PAGE>
Qtr ended
Sept. 30, 2000
Approx- Average Qtr ended
imate Rental Rates Sept. 30,
Number Rentable Average ------------- 2000
Year of Area Unit Size Per Per Average
PROPERTIES Location Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- --------- ------ --------- --------- ---- ----- -----------
AUSTIN, TEXAS
-------------
Amli:
at the Arboretum Austin, TX 1983 231 178,116 771 782 1.01 97.1%
in Great Hills Austin, TX 1985 344 257,984 750 780 1.04 97.7%
at Lantana Ridge Austin, TX 1997 354 311,857 881 902 1.02 96.5%
at Martha's
Vineyard Austin, TX 1986 360 260,380 723 711 0.98 97.5%
at StoneHollow Austin, TX 1997 606 524,660 866 852 0.98 97.2%
----- --------- --- ---- ----- -----
Subtotal-
Austin, TX 1,895 1,532,997 809 813 1.00 97.2%
----- --------- --- ---- ----- -----
KANSAS
------
Amli:
at Alvamar Lawrence, KS 1989 152 125,800 828 714 0.86 94.0%
at Centennial Overland Park, KS 1998 170 204,858 1,205 952 0.79 89.5%
at Lexington Farms Overland Park, KS 1998 404 392,693 972 804 0.83 90.4%
at Regents Center Overland Park, KS91/95/97 424 398,674 940 768 0.82 91.3%
at Town Center Overland Park, KS 1997 156 176,914 1,134 957 0.84 86.5%
----- --------- ----- ----- ----- -----
Subtotal
- Kansas 1,306 1,298,939 995 819 0.82 90.5%
----- --------- ----- ----- ----- -----
INDIANAPOLIS, IN
----------------
Amli:
at Conner Farms Indianapolis, IN 1993 300 327,396 1,091 841 0.77 96.5%
at Eagle Creek Indianapolis, IN 1998 240 233,432 973 769 0.79 93.1%
at Riverbend Indianapolis, IN 83/85 996 820,712 824 623 0.76 88.1%
----- --------- ----- ---- ----- -----
Subtotal
-Indianapolis,
IN 1,536 1,381,540 899 688 0.77 90.5%
----- --------- ----- ---- ----- -----
<PAGE>
Qtr ended
Sept. 30, 2000
Approx- Average Qtr ended
imate Rental Rates Sept. 30,
Number Rentable Average ------------- 2000
Year of Area Unit Size Per Per Average
PROPERTIES Location Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- --------- ------ --------- --------- ---- ----- -----------
CHICAGO, IL
------------
Amli:
at Poplar Creek Schaumburg, IL 1985 196 177,630 906 1,025 1.13 95.8%
----- ---------- ----- ----- ----- -----
Subtotal
-Chicago, IL 196 177,630 906 1,025 1.13 95.8%
------ ---------- ----- ----- ----- -----
TOTAL
WHOLLY OWNED
PROPERTIES 12,264 10,978,541 895 768 0.86 93.5%
====== ========== ===== ===== ===== =====
<PAGE>
Qtr ended
Sept. 30, 2000
Approx- Average Qtr ended
imate Rental Rates Sept. 30,
Number Rentable Average ------------- 2000
Year of Area Unit Size Per Per Average
PROPERTIES Location Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- --------- ------ --------- --------- ---- ----- -----------
CO-INVESTMENT
PROPERTIES
--------------
ATLANTA, GA
Amli:
at Barrett Lakes Cobb County, GA 1997 446 462,368 1,037 885 0.85 97.2%
at Peachtree City Fayette County, GA 1998 312 305,756 980 945 0.96 96.6%
at River Park Norcross, GA 1997 222 226,632 1,021 952 0.93 95.9%
at Willeo Creek Rosewell, GA 1989 242 297,302 1,229 875 0.71 93.8%
at Northwinds (1) Alpharetta, GA 1999 800 818,432 1,023 914 0.89 96.2%
at Windward Park Alpharetta, GA 1999 328 354,900 1,082 909 0.84 93.9%
----- --------- ----- ---- ----- ------
Subtotal-
Atlanta, GA 2,350 2,465,390 1,049 911 0.87 95.9%
----- --------- ----- ---- ----- ------
CHICAGO, IL
-----------
Amli:
at Chevy Chase Buffalo Grove, IL 1988 592 480,820 812 1,075 1.32 96.1%
at Danada Wheaton, IL 89/91 600 521,499 869 999 1.15 97.0%
at Fox Valley Aurora, IL 1998 272 269,237 990 973 0.98 94.0%
at Oakhurst North Aurora, IL 2000 464 470,094 1,013 949 0.94 92.4%
at Willowbrook Willowbrook, IL 1987 488 418,404 857 1,016 1.18 97.5%
at Windbrooke Buffalo Grove, IL 1987 236 213,160 903 1,102 1.22 98.4%
----- ---------- ----- ----- ----- -----
Subtotal-
Chicago, IL 2,652 2,373,214 895 1,017 1.14 95.9%
----- ---------- ----- ----- ----- -----
INDIANAPOLIS, IN
----------------
AMLI:
at Lake Clearwater Indianapolis, IN 1999 216 218,006 1,009 816 0.81 88.4%
on Spring Mill Carmel, IN 1997 400 406,640 1,017 833 0.82 87.9%
----- --------- ----- ----- ----- ------
Subtotal-
Indianapolis, IN 616 624,646 1,014 827 0.82 88.1%
----- --------- ----- ----- ----- -----
<PAGE>
Qtr ended
Sept. 30, 2000
Approx- Average Qtr ended
imate Rental Rates Sept. 30,
Number Rentable Average ------------- 2000
Year of Area Unit Size Per Per Average
PROPERTIES Location Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- --------- ------ --------- --------- ---- ----- -----------
EASTERN KANSAS
--------------
AMLI:
at Regents Crest Overland Park, KS 1997 368 346,632 942 769 0.82 86.5%
----- --------- ----- ---- ----- -----
DALLAS/FT. WORTH
----------------
AMLI:
at Breckinridge
Point Richardson, TX 1999 440 467,934 1,063 661 0.62 88.4%
at Deerfield Ft. Worth, TX 1999 240 238,972 996 842 0.85 89.8%
at Fossil Creek Ft. Worth, TX 1998 384 384,358 1,001 822 0.82 93.9%
at Frankford Dallas, TX 1998 582 517,344 889 855 0.96 94.7%
at Oakbend Lewisville, TX 1997 426 382,690 898 767 0.85 94.4%
on the Parkway Dallas, TX 1999 240 225,248 939 859 0.92 93.7%
at Prestonwood
Hills Dallas, TX 1997 272 245,696 903 839 0.93 93.6%
on Timberglen Dallas, TX 1985 260 201,198 774 624 0.81 95.1%
at Varandah Arlington, TX 86/91 538 394,304 733 672 0.92 97.0%
----- ---------- --- ---- ----- -----
Subtotal -
Dallas/
Ft. Worth, TX 3,382 3,057,744 904 766 0.85 93.6%
----- ---------- --- ---- ----- -----
AUSTIN, TX
----------
AMLI:
at Scofield Ridge Austin, TX 2000 487 433,077 889 920 1.03 95.4%
at Wells Branch Austin, TX 1999 576 554,582 963 887 0.92 96.8%
----- ---------- --- ---- ----- -----
Subtotal -
Austin, TX 1,063 987,659 929 902 0.97 96.2%
----- ---------- --- ---- ----- -----
<PAGE>
Qtr ended
Sept. 30, 2000
Approx- Average Qtr ended
imate Rental Rates Sept. 30,
Number Rentable Average ------------- 2000
Year of Area Unit Size Per Per Average
PROPERTIES Location Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- --------- ------ --------- --------- ---- ----- -----------
HOUSTON, TX
-----------
Amli:
at Champions
Centre Houston, TX 1994 192 164,480 857 677 0.79 93.4%
at Champions Park Houston, TX 1991 246 221,986 902 710 0.79 88.7%
at Greenwood
Forest Houston, TX 1995 316 310,844 984 743 0.76 93.9%
at Midtown Houston, TX 1998 419 368,818 880 984 1.12 98.0%
------ ---------- --- ---- ----- -----
Subtotal-
Houston, TX 1,173 1,066,128 909 811 0.89 94.2%
------ ---------- ---- ---- ----- -----
TOTAL CO-INVESTMENT
PROPERTIES 11,604 10,921,413 941 873 0.93 94.4%
====== ========== === ==== ===== =====
TOTAL WHOLLY OWNED
AND CO-INVESTMENT
PROPERTIES 23,868 21,899,954 918 819 0.89 93.9%
====== ========== === ==== ===== =====
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
COMPONENTS OF PROPERTY EBITDA
<CAPTION>
WHOLLY-OWNED CO-INVESTMENTS AT 100% COMBINED AT 100%
---------------------------- -------------------------- --------------------------
THREE MONTHS ENDED THREE MONTHS ENDED THREE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
---------------------------- -------------------------- --------------------------
% % %
2000 1999 Change 2000 1999 Change 2000 1999 Change
------- ------- ------ ------- ------- ------ ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PROPERTY REVENUES
-----------------
RENTAL INCOME
-------------
Same Store
Communities (1) . . .$24,032 23,560 2.0% 15,590 15,225 2.4% 39,622 38,785 2.2%
New Communities (2). . 605 507 19.3% 3,875 2,986 29.7% 4,480 3,494 28.2%
Development and/
or Lease-up
Communities (3) . . . 393 0 4,196 116 4,589 116
Acquisition
Communities (4) . . . 1,801 0 4,497 1,447 6,298 1,447
Communities Sold/
Contributed to
Ventures (5). . . . . 0 3,860 2,020 2,687 2,020 6,547
------- ------- ------- ------- ------- ------- ------- ------- -------
Total . . . . . . .$26,831 27,928 -3.9% 30,177 22,461 34.4% 57,008 50,388 13.1%
======= ======= ======= ======= ======= ======= ======= ======= =======
OTHER REVENUES
--------------
Same Store
Communities . . . . .$ 1,650 1,416 16.5% 1,253 1,047 19.7% 2,903 2,463 17.9%
New Communities. . . . 43 33 28.9% 351 250 40.5% 394 283 39.2%
Development and/
or Lease-up
Communities . . . . . 33 0 436 24 469 24
Acquisition
Communities . . . . . 94 0 339 98 433 98 340.6%
Communities Sold/
Contributed to
Ventures. . . . . . . 4 364 151 223 155 586
------- ------- ------- ------- ------- ------- ------- ------- -------
Total . . . . . . .$ 1,823 1,813 0.6% 2,530 1,641 54.2% 4,353 3,454 26.0%
======= ======= ======= ======= ======= ======= ======= ======= =======
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
COMPONENTS OF PROPERTY EBITDA - CONTINUED
WHOLLY-OWNED CO-INVESTMENTS AT 100% COMBINED AT 100%
---------------------------- --------------------------------------------------------
THREE MONTHS ENDED THREE MONTHS ENDED THREE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
---------------------------- --------------------------------------------------------
% % %
2000 1999 Change 2000 1999 Change 2000 1999 Change
------- ------- ------ ------- ------- ------ ------- ------- -------
TOTAL PROPERTY
REVENUES
---------------
Same Store
Communities . . . . .$25,682 24,977 2.8% 16,843 16,272 3.5% 42,525 41,248 3.1%
New Communities. . . . 648 540 19.9% 4,226 3,236 30.6% 4,873 3,776 29.0%
Development and/
or Lease-up
Communities . . . . . 426 0 4,632 139 5,057 139
Acquisition
Communities . . . . . 1,895 0 4,836 1,545 6,731 1,545
Communities Sold/Contri-
buted to Ventures . . 4 4,224 2,171 2,909 2,175 7,134
------- ------- ------- ------- ------- ------- ------- ------- -------
Total . . . . . . .$28,655 29,741 -3.7% 32,707 24,102 35.7% 61,362 53,843 14.0%
======= ======= ======= ======= ======= ======= ======= ======= =======
Company's share of
Co-investment total
revenues . . . . . . . 10,221 6,635 54.1%
======= ======= =======
TOTAL OPERATING
EXPENSES
---------------
Same Store
Communities . . . . .$10,103 10,048 0.6% 6,187 5,957 3.9% 16,290 16,005 1.8%
New Communities. . . . 204 230 -11.0% 1,549 1,295 19.6% 1,753 1,524 15.0%
Development and/
or Lease-up
Communities . . . . . 207 0 2,241 286 2,448 286
Acquisition
Communities . . . . . 728 0 1,906 601 2,634 601
Communities Sold/Contri-
buted to Ventures . . 19 1,406 683 1,222 702 2,629
------- ------- ------- ------- ------- ------- ------- ------- -------
Total . . . . . . .$11,262 11,684 -3.6% 12,565 9,362 34.2% 23,827 21,045 13.2%
======= ======= ======= ======= ======= ======= ======= ======= =======
Company's share of
Co-investment total
operating expenses . . 3,864 2,550 51.5%
======= ======= =======
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
COMPONENTS OF PROPERTY EBITDA - CONTINUED
WHOLLY-OWNED CO-INVESTMENTS AT 100% COMBINED AT 100%
---------------------------- --------------------------------------------------------
THREE MONTHS ENDED THREE MONTHS ENDED THREE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
---------------------------- --------------------------------------------------------
% % %
2000 1999 Change 2000 1999 Change 2000 1999 Change
------- ------- ------ ------- ------- ------ ------- ------- -------
PROPERTY EBITDA
---------------
Same Store
Communities . . . . .$15,579 14,929 4.4% 10,656 10,315 3.3% 26,235 25,243 3.9%
New Communities. . . . 443 311 42.7% 2,677 1,942 37.9% 3,120 2,252 38.5%
Development and/
or Lease-up
Communities . . . . . 218 0 2,391 -147 2,609 -147
Acquisition
Communities . . . . . 1,167 0 2,930 944 4,097 944
Communities Sold/
Contributed to
Ventures. . . . . . . -15 2,818 1,488 1,687 1,473 4,505
------- ------- ------- ------- ------- ------- ------- ------- -------
Total . . . . . . .$17,393 18,057 -3.7% 20,142 14,740 36.6% 37,535 32,797 14.4%
======= ======= ======= ======= ======= ======= ======= ======= =======
Company's share
of Co-investment
EBITDA (incl.
share of cash flow
in excess of
ownership %) . . . . . 6,926 4,177 65.8% 6,926 4,177 65.8%
======= ======= ======= ======= ======= =======
Percent of
Co-investment
EBITDA . . . . . . . . 34% 28% 18% 13%
======= ======= ======= =======
<FN>
(1) Stabilized Communities at 7/1/99.
(2) Development Communities stabilized after 7/1/99 but before 7/1/00.
(3) Development Communities not yet stabilized.
(4) Stabilized Communities acquired after 7/1/99.
(5) Communities sold or contributed to co-investment ventures.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEVELOPMENT ACTIVITIES
Third Quarter 2000
<CAPTION>
Construc- Percent Percent
tion First Comple- Stabili- Construc- Leased
Community Number Costs Percent Start Units tion zation tion as of
Name of Units (millions) Ownership Date Occupied Date Date Complete 10/23/00
---------- -------- ---------- --------- --------- -------- ------- -------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Under Construc-
tion and/or In
Initial Lease Up
----------------
ATLANTA, GEORGIA
----------------
AMLI
at Mill Creek 400 $27.1 25% 3Q/99 3Q/00 3Q/01 2Q/02 37% 4%
at Park Bridge 352 $24.6 25% 2Q/99 2Q/00 1Q/01 3Q/01 83% 66%
at Peacktree City
Phase II 216 $20.2 20% 3Q/00 3Q/01 1Q/02 2Q/02 7% N/A
at Lost Mountain 164 $11.4 74% 2Q/99 2Q/00 3Q/00 1Q/01 100% 81%
DALLAS/FORT WORTH,
TEXAS
------------------
AMLI
at Bent Tree II 200 $13.9 100% 4Q/98 4Q/99 2Q/00 4Q/00 100% 93%
AUSTIN, TEXAS
-------------
AMLI
at Monterey Oaks 430 $30.4 25% 4Q/98 1Q/00 4Q/00 1Q/01 94% 96%
HOUSTON, TEXAS
--------------
AMLI
at Kings Harbour 300 $19.2 100% 2Q/00 1Q/01 3Q/01 2Q/02 28% N/A
CHICAGO (METRO),
ILLINOIS
----------------
AMLI
at St. Charles 400 $43.4 25% 3Q/98 3Q/99 3Q/00 1Q/01 100% 90%
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEVELOPMENT ACTIVITIES - CONTINUED
Construc- Percent Percent
tion First Comple- Stabili- Construc- Leased
Community Number Costs Percent Start Units tion zation tion as of
Name of Units (millions) Ownership Date Occupied Date Date Complete 10/23/00
---------- -------- ---------- --------- --------- -------- ------- -------- --------- --------
OVERLAND PARK,
KANSAS
--------------
AMLI
at Wynnewood Farms 232 $18.6 25% 2Q/98 4Q/99 3Q/00 4Q/00 100% 89%
at Regents Crest II 108 $ 7.7 25% 2Q/98 3Q/99 2Q/00 4Q/00 100% 89%
Creekside 224 $16.2 25% 2Q/98 4Q/99 2Q/00 4Q/00 100% 90%
at Cambridge Square 408 $32.2 30% 3Q/00 3Q/01 2Q/02 1Q/03 3% N/A
LEE'S SUMMIT,
MISSOURI
-------------
AMLI
at Summit Ridge 432 $29.3 25% 2Q/99 2Q/00 4Q/00 1Q/02 89% 51%
INDIANAPOLIS,
INDIANA
-------------
AMLI
at Castle Creek 276 $20.7 40% 3Q/98 3Q/99 3Q/00 4Q/00 100% 84%
----- ------
TOTAL 4,142 $314.9
===== ======
</TABLE>
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEVELOPMENT ACTIVITIES (continued)
PLANNING STAGES
Number
Community Name of Units
-------------- ----------
ATLANTA, GA
-----------
AMLI:
at Milton Park 449
INDIANAPOLIS, IN
----------------
AMLI
at Prairie Lakes 228
at Prairie Lakes (phases II-IV) 1,100
WOODRIDGE, IL
-------------
AMLI
at Seven Bridges 520
AUSTIN, TX
----------
AMLI
at Anderson Mill 520
Downtown Austin - Block 20 218
Parmer Park 480
DALLAS/FT WORTH, TX
-------------------
AMLI
at Mesa Ridge (Fossil Creek II) 520
Fossil Lake 324
Fossil Creek IV-A 240
at Vista Ridge 340
HOUSTON, TX
-----------
AMLI
at Champions II 288
OVERLAND PARK, KS
-----------------
AMLI
at Westwood Ridge 428
The following is a "Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995 and Section 21E of the Securities Exchange
Act of 1934. The projections contained in the table above that are not
historical facts are forward-looking statements. Risks associated with the
Company's development, construction and lease-up activities, which could
impact the forward-looking statements may include: development
opportunities may be abandoned; construction costs of a community may
exceed original estimates, possibly making the community uneconomical;
construction and lease-up may not be completed on schedule, resulting in
increased debt service and construction costs; estimates of the costs of
improvements to bring an acquired property up to the standards established
for the market position intended for that property may prove inaccurate.
