EXHIBIT 99
----------
AMLI RESIDENTIAL PROPERTIES TRUST
FINANCIAL AND OPERATING DATA
June 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 June 30, 2000 and 1999
8. Same Community Comparison - Wholly-Owned
and Co-Investments
- three months ended June 30, 2000 and 1999
9. Property Information
10. Property EBITDA - three months ended June 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 SIX MONTHS ENDED
JUNE 30 JUNE 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
REVENUES
--------
Property revenues:
Rental . . . . . . . . . . . . . . . . . . . . . . $ 26,775 27,281 53,049 53,976
Other. . . . . . . . . . . . . . . . . . . . . . . 1,658 1,757 3,195 3,326
-------- -------- -------- --------
Total Property Revenues. . . . . . . . . . . 28,433 29,038 56,244 57,302
-------- -------- -------- --------
Property operating expenses. . . . . . . . . . . . . (10,283) (10,568) (20,126) (20,623)
Property management fees . . . . . . . . . . . . . . (711) (727) (1,406) (1,434)
-------- -------- -------- --------
Property expenses. . . . . . . . . . . . . . (10,994) (11,295) (21,532) (22,057)
Operating expense ratio. . . . . . . . . . . . . . . 38.7% 38.9% 38.3% 38.5%
-------- -------- -------- --------
Net operating income . . . . . . . . . . . . 17,439 17,743 34,712 35,245
-------- -------- -------- --------
OTHER INCOME
------------
Share of Service Cos. FFO (1)(2) . . . . . . . . . 1,897 55 1,622 (219)
Interest from Service Companies (3). . . . . . . . 1,201 1,089 2,411 2,102
Other interest . . . . . . . . . . . . . . . . . . 254 365 609 692
Share of partnerships FFO (4). . . . . . . . . . . 3,212 2,142 6,085 4,049
Fee income - acquisitions, dispositions and
financing. . . . . . . . . . . . . . . . . . . . 365 -- 475 --
Fee income - developments. . . . . . . . . . . . . 570 1,159 955 1,479
Fee income - asset management. . . . . . . . . . . 148 151 296 302
Other. . . . . . . . . . . . . . . . . . . . . . . -- 288 -- 290
-------- -------- -------- --------
Total other income . . . . . . . . . . . . . 7,647 5,249 12,453 8,695
General and administrative . . . . . . . . . . . . . (930) (948) (1,858) (1,994)
-------- -------- -------- --------
EBITDA . . . . . . . . . . . . . . . . . . . . . . . 24,156 22,044 45,307 41,946
-------- -------- -------- --------
Interest expense . . . . . . . . . . . . . . . . . . (6,248) (5,625) (11,890) (10,941)
Amortization of deferred costs . . . . . . . . . . . (121) (97) (239) (208)
-------- -------- -------- --------
FUNDS FROM OPERATIONS (FFO). . . . . . . . . . . . . $ 17,787 16,322 33,178 30,797
======== ======== ======== ========
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
FUNDS FROM OPERATIONS - CONTINUED
Unaudited - Dollars in thousands except per share data
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30 JUNE 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
Capital expenditures paid from FFO (5) . . . . . . . (1,190) (1,338) (1,983) (2,306)
Other - share of Co-investments Cap exp. . . . . . . (155) (127) (248) (216)
-------- -------- -------- --------
Funds available for distribution (FAD) . . . . . . . $ 16,442 14,857 30,947 28,275
======== ======== ======== ========
FFO per share. . . . . . . . . . . . . . . . . . . . $ 0.72 0.66 1.35 1.25
FAD per share. . . . . . . . . . . . . . . . . . . . $ 0.67 0.60 1.26 1.15
Dividend per share . . . . . . . . . . . . . . . . . $ 0.47 0.45 0.93 0.90
Dividend as a % of FFO . . . . . . . . . . . . . . . 65.2% 67.7% 69.0% 72.0%
Dividend as a % of FAD . . . . . . . . . . . . . . . 70.6% 74.3% 74.0% 78.3%
======== ======== ======== ========
<FN>
NOTES:
(1) Includes share of income before goodwill amortization of $207 in each of the six months ended June 2000 and
1999.
(2) Includes $2,621 gain on sales of non-residential land by a Service Company subsidiary for the six months
ended June 30, 2000.
(3) Interest on 13% notes receivable and working capital advances.
(4) Includes share of income and share of depreciation of $3,568 and $2,376 for the six months ended June 2000
and 1999, respectively.
(5) Rehab costs of approximately $3,869 and $2,044 for the six months ended June 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 SIX MONTHS ENDED
JUNE 30 JUNE 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
REVENUES
--------
Property revenues:
Rental . . . . . . . . . . . . . . . . . . . . . . $ 26,775 27,281 53,049 53,976
Other. . . . . . . . . . . . . . . . . . . . . . . 1,658 1,757 3,195 3,326
Interest and share of income (loss)
from Service Cos.. . . . . . . . . . . . . . . . . 2,995 1,037 3,826 1,676
Other interest . . . . . . . . . . . . . . . . . . . 254 365 609 692
Share of income from co-investment partnerships. . . 1,332 923 2,517 1,673
Fees from co-investment partnerships & other . . . . 1,083 1,598 1,726 2,071
-------- -------- -------- --------
Total revenues . . . . . . . . . . . . . . . 34,097 32,961 64,922 63,414
-------- -------- -------- --------
EXPENSES
--------
Personnel. . . . . . . . . . . . . . . . . . . . . . 2,806 2,700 5,549 5,343
Advertising and promotion. . . . . . . . . . . . . . 571 651 1,092 1,270
Utilities. . . . . . . . . . . . . . . . . . . . . . 726 906 1,499 1,928
Building repairs and maintenance . . . . . . . . . . 1,449 1,552 2,830 2,844
Landscaping and grounds maintenance. . . . . . . . . 662 665 1,216 1,259
Real estate taxes. . . . . . . . . . . . . . . . . . 3,485 3,508 6,827 6,928
Insurance. . . . . . . . . . . . . . . . . . . . . . 228 221 458 421
Other operating expenses . . . . . . . . . . . . . . 356 365 655 630
Property management fees . . . . . . . . . . . . . . 711 727 1,406 1,434
Interest, net of capitalized . . . . . . . . . . . . 6,248 5,625 11,890 10,941
Amortization of deferred costs . . . . . . . . . . . 121 97 239 208
Depreciation of real property. . . . . . . . . . . . 3,541 3,284 7,052 6,813
Depreciation of personal property. . . . . . . . . . 1,485 1,110 2,940 2,371
General and administrative . . . . . . . . . . . . . 930 948 1,858 1,994
-------- -------- -------- --------
Total expenses . . . . . . . . . . . . . . . 23,319 22,359 45,511 44,384
-------- -------- -------- --------
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
STATEMENT OF OPERATIONS - CONTINUED
Unaudited - Dollars in thousands except per share data
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30 JUNE 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
Non-recurring item - gains on sale of
properties (1) . . . . . . . . . . . . . . . . . . 8,151 -- 30,467 --
-------- -------- -------- --------
Income before taxes, minority interest
and extraordinary item . . . . . . . . . . . . . . 18,929 10,602 49,878 19,030
Minority interest. . . . . . . . . . . . . . . . . . 2,835 1,513 7,856 2,661
-------- -------- -------- --------
Income before and extraordinary items. . . . . . . . 16,094 9,089 42,022 16,369
Extraordinary items, net of minority interest. . . . -- -- -- --
-------- -------- -------- --------
Net income . . . . . . . . . . . . . . . . . . . . . $ 16,094 9,089 42,022 16,369
Net income allocable to preferred shares . . . . . . 1,829 1,789 3,658 3,662
-------- -------- -------- --------
Net income allocable to common shares. . . . . . . . $ 14,265 7,300 38,364 12,707
======== ======== ======== ========
INCOME PER COMMON SHARE:
-----------------------
Before extraordinary items . . . . . . . . . . . . . $ 0.83 0.43 2.25 0.75
Extraordinary item . . . . . . . . . . . . . . . . . $ 0.00 0.00 0.00 0.00
Income per common share. . . . . . . . . . . . . . . $ 0.83 0.43 2.25 0.75
Diluted. . . . . . . . . . . . . . . . . . . . . . . $ 0.76 0.43 1.99 0.75
======== ======== ======== ========
FUNDS FROM OPERATIONS
---------------------
Income before taxes, minority interest and
extraordinary item . . . . . . . . . . . . . . . . $ 18,929 10,602 49,878 19,030
-------- -------- -------- --------
Depreciation of real property. . . . . . . . . . . . 3,541 3,284 7,052 6,813
Depreciation of personal property. . . . . . . . . . 1,485 1,110 2,940 2,371
Non-recurring item - gain on sale of properties. . . (8,151) -- (30,467) --
Share of Co-investments depreciation . . . . . . . . 1,880 1,219 3,568 2,376
Share of Service Company amortization of
goodwill . . . . . . . . . . . . . . . . . . . . . 103 107 207 207
-------- -------- -------- --------
Funds from operations (FFO). . . . . . . . . . . . . $ 17,787 16,322 33,178 30,797
FFO per share. . . . . . . . . . . . . . . . . . . . $ 0.72 0.66 1.35 1.25
======== ======== ======== ========
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
STATEMENT OF OPERATIONS - CONTINUED
Unaudited - Dollars in thousands except per share data
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30 JUNE 30
-------------------------- --------------------------
2000 1999 2000 1999
----------- ---------- ----------- ----------
Capital expenditures paid from FFO . . . . . . . . . (1,190) (1,338) (1,983) (2,306)
Other - Share Co-investments Cap exp . . . . . . . . (155) (127) (248) (216)
-------- -------- -------- --------
Funds available for distribution (FAD) . . . . . . . $ 16,442 14,857 30,947 28,275
FAD per share. . . . . . . . . . . . . . . . . . . . $ 0.67 0.60 1.26 1.15
-------- -------- -------- --------
Dividends per share. . . . . . . . . . . . . . . . . $ 0.47 0.45 0.93 0.90
======== ======== ======== ========
Dividends as a % of FFO. . . . . . . . . . . . . . . 65.2% 67.7% 69.0% 72.0%
Dividends as a % of FAD. . . . . . . . . . . . . . . 70.6% 74.3% 74.0% 78.3%
======== ======== ======== ========
<FN>
(1) 2000 includes gain on sale of Sope Creek of $22,316 and gain on sale of 80% interest in
Peachtree City of $8,151.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
CONDENSED BALANCE SHEETS
Unaudited - Dollars in thousands except per share data
<CAPTION>
JUN. 30, DEC. 31,
2000 1999
-------- --------
<S> <C> <C>
ASSETS
------
Rental apartments
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 90,442 87,903
Depreciable property . . . . . . . . . . . . . . . . . . . . . . . . 593,459 566,509
-------- --------
683,901 654,412
Less accumulated depreciation. . . . . . . . . . . . . . . . . . . . (90,951) (82,626)
-------- --------
592,950 571,786
Rental apartments held for sale, net of accumulated depreciation . . . -- 19,784
Properties under development . . . . . . . . . . . . . . . . . . . . . 63,875 47,314
Investments in partnerships. . . . . . . . . . . . . . . . . . . . . . 132,971 107,518
Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . 7,165 2,318
Security deposits. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,455 1,541
Deferred costs, net. . . . . . . . . . . . . . . . . . . . . . . . . . 3,152 3,377
Notes receivable and advances to Service Companies . . . . . . . . . . 33,787 35,717
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,587 15,263
-------- --------
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . $852,942 804,618
======== ========
LIABILITIES AND SHAREHOLDERS' EQUITY
------------------------------------
Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $393,168 369,541
Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . . 1,793 1,743
Accrued real estate taxes. . . . . . . . . . . . . . . . . . . . . . . 7,989 9,999
Construction costs payable . . . . . . . . . . . . . . . . . . . . . . 1,666 2,068
Security deposits and prepaid rents. . . . . . . . . . . . . . . . . . 2,952 2,807
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . 2,944 3,606
-------- --------
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . $410,512 389,764
-------- --------
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
CONDENSED BALANCE SHEETS - CONTINUED
Unaudited - Dollars in thousands except per share data
JUN. 30, DEC. 31,
2000 1999
-------- --------
Minority interest. . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,181 57,813
-------- --------
Shareholders' equity
Preferred shares, $.01 par value . . . . . . . . . . . . . . . . . . 40 40
Shares of beneficial interest, $.01 par value. . . . . . . . . . . . 173 170
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . 427,352 421,989
Employees and trustees notes . . . . . . . . . . . . . . . . . . . . (11,846) (12,000)
Retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . . 142,356 100,334
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . (172,826) (153,492)
-------- --------
Total shareholders' equity . . . . . . . . . . . . . . . . . . 385,249 357,041
-------- --------
Total liabilities and shareholders' equity . . . . . . . . . . $852,942 804,618
======== ========
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
Selected Quarterly Financial Information
June 30, 2000
(dollars in thousands except for share data)
<CAPTION>
Quarter Ending
---------------------------------------------------------------------------
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Mar 31,
2000 2000 1999 1999 1999 1999
-------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Debt $ 393,168 398,867 369,541 410,177 382,320 380,475
Debt including share of
Co-investment debt $ 520,597 510,230 468,609 502,770 458,682 454,348
Total Shares and Units
Outstanding (1) 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 $ 23.5625 20.50 20.1875 21.00 22.375 20.625
Total Equity (Market Value) -
end of quarter $ 578,329 503,162 495,374 515,118 548,743 504,587
Market Capitalization $ 971,497 902,029 864,915 925,295 931,063 885,062
Market Capitalization
including share
of Co-investment debt $1,098,926 1,013,392 963,983 1,017,888 1,007,425 958,935
Market Capitalization
including Co-investment
at completed cost $1,826,661 1,678,237 1,610,307 1,679,212 1,554,018 1,431,730
========== ========== ========== ========== ========== ==========
Total Revenues (2) $ 34,097 30,825 31,843 33,851 32,961 30,453
EBITDA (3) $ 24,156 21,151 21,961 22,283 22,044 19,902
FFO $ 17,787 15,391 16,412 16,370 16,322 14,475
FAD $ 16,442 14,505 15,275 15,232 14,857 13,418
Dividends Paid $ 11,290 11,290 11,287 11,038 11,011 11,004
Debt service (net of
capitalized interest) $ 6,947 6,316 6,075 6,497 6,280 5,995
Interest Expense $ 6,248 5,642 5,439 5,821 5,625 5,316
G & A Expense $ 930 928 823 1,225 948 1,046
Total Shares and Units
Outstanding - Wtd. Avg. 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
June 30, 2000
(dollars in thousands except for share data)
Quarter Ending
---------------------------------------------------------------------------
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Mar 31,
2000 2000 1999 1999 1999 1999
-------- -------- -------- -------- -------- --------
Interest Coverage Ratio 3.87 3.75 4.04 3.83 3.92 3.74
Debt as % of Total Market
Capitalization 40.47% 44.22% 42.73% 44.33% 41.06% 42.99%
Debt (incl. Share of Co-investment
debt) as % of Total Market Cap 47.37% 50.35% 48.61% 49.39% 45.53% 47.38%
EBITDA as % of Total Market
Capitalization 9.95% 9.38% 10.16% 9.63% 9.47% 8.99%
FFO as % of Total Market Equity 12.30% 12.24% 13.25% 12.71% 11.90% 11.47%
G&A as % of Total Market
Capitalization 0.38% 0.41% 0.38% 0.53% 0.41% 0.47%
G&A as % of Total Revenues 2.73% 3.01% 2.58% 3.62% 2.88% 3.43%
Dividends as % of FFO (4) 65.2% 73.5% 68.9% 69.1% 67.7% 76.2%
Dividends as % of FAD (4) 70.6% 78.0% 74.0% 74.3% 74.3% 82.2%
========== ========== ========== ========== ========== ==========
Apartment Units - In Operation
Wholly Owned 12,264 12,576 12,515 13,288 13,032 13,032
Co-investments 10,963 9,205 8,936 8,058 7,583 7,007
---------- ---------- ---------- ---------- ---------- ----------
23,227 21,781 21,451 21,346 20,615 20,039
---------- ---------- ---------- ---------- ---------- ----------
Apartment Units - Under Development
Wholly Owned 500 200 200 200 416 1,246
Co-investments 3,234 4,098 4,098 5,138 4,306 3,136
---------- ---------- ---------- ---------- ---------- ----------
3,734 4,298 4,298 5,338 4,722 4,382
---------- ---------- ---------- ---------- ---------- ----------
Total Units 26,961 26,079 25,749 26,684 25,337 24,421
========== ========== ========== ========== ========== ==========
<FN>
(1) Includes 3,975,000 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
June 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 $167,168 42.5% Fixed 7.63% 6.7
Tax-exempt Variable Rate (1) 50,250 12.8% Variable 6.06% 2.3
Credit Facilities (2) 170,000 43.2% Variable 7.17% 2.3
Service Companies 5,750 1.5% Fixed 9.22% 2.2
-------- ------ ----- ---
Total $393,168 100.0% 7.25% 4.2
======== ====== ===== ===
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 $294,597 56.6% Fixed 7.61% 6.9
Tax-exempt Variable Rate (1) 50,250 9.6% Variable 6.06% 2.3
Credit Facilities (2) 170,000 32.7% Variable 7.17% 2.3
Service Companies 5,750 1.1% Fixed 9.22% 2.2
-------- ------ ----- ---
Total $520,597 100.0% 7.33% 4.9
======== ====== ===== ===
<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 and $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.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEBT MATURITIES
JUNE 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 $ 1,437 3,039 3,273 60,117 8,933 90,369 167,168 42.5%
Tax Exempt Bonds* 50,250 50,250 12.8%
Wachovia/First Chicago
Line of Credit** 170,000 170,000 43.2%
Other 750 5,000 5,750 1.5%
-------- -------- -------- -------- -------- -------- -------- -------
Total Loans $ 2,187 3,039 223,523 65,117 8,933 90,369 393,168 100.0%
======== ======== ======== ======== ======== ======== ======== =======
Percent to Total 0.5% 0.8% 56.9% 16.5% 2.3% 23.0% 100.0% 75.5%
======== ======== ======== ======== ======== ======== ======== =======
SHARE OF CO-INVESTMENT DEBT
Nationwide Life Ins. -
Greenwood Forest (15%) 9 20 1,680 0 0 0 1,709 1.3%
Lincoln National Ins. -
Champions Park (15%) 11 24 1,260 0 0 0 1,295 1.0%
Prudential Ins. -
Champions Centre (15%) 6 12 955 0 0 0 973 0.8%
Allstate Life Ins. -
Windbrooke (15%) 9 20 1,659 0 0 0 1,688 1.3%
CIGNA -
Chevy Chase (33%) 96 202 216 8,771 0 0 9,285 7.3%
Northwestern Mutual Life Ins. -
Willowbrook (40%) 83 175 189 8,909 0 0 9,356 7.3%
Phoenix Mutual -
Willeo Creek (30%) 29 61 65 2,688 0 0 2,843 2.2%
Northwestern Mutual Life Ins. -
Pleasant Hill (40%) 45 96 106 116 127 5,458 5,948 4.7%
Northwestern Mutual Life Ins. -
Barrett Lakes (35%) 39 84 91 99 108 5,309 5,730 4.5%
Erie Insurance -
River Park (40%) 24 52 56 60 65 3,272 3,529 2.8%
Prudential Ins. -
Amli at Danada (10%) 13 27 29 31 33 2,288 2,421 1.9%
Phoenix Home Life -
Amli at Verandah (35%) 45 94 102 110 5,480 0 5,831 4.6%
Northwestern Mutual Life
Ins. - Northwinds (35%) 15 95 103 112 122 11,383 11,830 9.3%
<PAGE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEBT MATURITIES - CONTINUED
There- % to
2000 2001 2002 2003 2004 after Total Total
-------- -------- -------- -------- -------- -------- -------- -------
Northwestern Mutual Life
Ins. - Regents Crest (25%) 36 76 82 3,709 0 0 3,903 3.0%
Northwestern Mutual Life
Ins. - Parkway (25%) 23 49 52 56 60 2,398 2,638 2.1%
Jackson National Life
Ins. - Timberglen (40%) 21 45 49 52 2,464 0 2,631 2.1%
Northwestern Mutual Life -
Deerfield (25%) 15 30 33 36 39 2,985 3,138 2.5%
AMI Capital, Inc. -
Lost Mountain (75%) 3 38 41 44 47 5,148 5,321 4.2%
Amli Residential -
Summit Ridge (25%) 0 0 4,349 0 0 0 4,349 3.4%
Northwestern Mutual
Life Ins. - Preston-
wood Hills (45.3%) 26 57 61 65 70 4,958 5,237 4.1%
Northwestern Mutual
Life Ins. - Windward
Park (45.3%) 40 87 93 101 108 7,755 8,184 6.4%
FNMA - Oakbend (40%) 33 71 76 83 89 7,150 7,502 5.9%
Northwestern Mutual
Life Ins. - Midtown
(45.3%) 45 98 105 114 123 9,428 9,913 7.8%
Northwestern Mutual
Life Ins. - Frankford
(45.3%) 36 96 104 116 123 11,185 11,660 9.1%
PNC Bank - Peachtree
City II (20%) 0 0 515 0 0 0 515 0.4%
-------- -------- -------- -------- -------- -------- -------- -------
Total Share of
Co-Investments Loans $ 702 1,609 12,071 25,272 9,058 78,717 127,429 100.0%
======== ======== ======== ======== ======== ======== ======== =======
Percent to Total 0.6% 1.3% 9.5% 19.8% 7.1% 61.7% 100.0% 24.5%
======== ======== ======== ======== ======== ======== ======== =======
Total Including Share
of Co-Investment Debt $ 2,889 4,648 235,594 90,389 17,991 169,086 520,597 100.0%
======== ======== ======== ======== ======== ======== ======== =======
Percent to Total 0.5% 0.9% 45.2% 17.4% 3.5% 32.5% 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.
** In October, the Unsecured Line of Credit maturity was extended to October 2002 with two one-year
extensions.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED PROPERTIES)
THREE MONTHS ENDED JUNE 30, 2000 VERSUS THREE MONTHS ENDED JUNE 30, 1999
<CAPTION>
4/1/00-6/30/00 4/1/99-6/30/99
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 92.7% -0.5% 93.2%
Atlanta 2,365 91.3% -1.5% 92.7%
Austin 1,289 95.5% 0.7% 94.8%
Indianapolis 1,536 85.7% -6.3% 91.5%
Kansas 1,306 89.5% -5.3% 94.5%
Chicago 196 98.0% 6.3% 92.2%
------ ----- ----- -----
Weighted Average 91.5% -1.8% 93.2%
===== ===== =====
Total 11,252
======
WEIGHTED AVG.
RENTAL RATE
-------------
Dallas $ 724 0.9% $718
Atlanta $ 807 2.9% $784
Austin $ 769 7.2% $718
Indianapolis $ 674 2.9% $655
Kansas $ 823 2.9% $800
Chicago $1,025 4.2% $983
------ ---- ----
Weighted Average $ 756 2.6% $737
====== ==== ====
TOTAL PROPERTY
REVENUES Per Month Per Month
--------------- ---------- ----------
Dallas $ 9,688,694 $ 708 $ 0.81 0.2% $ 9,669,664 $ 707 $ 0.81
Atlanta $ 5,535,831 $ 780 $ 0.83 1.0% $ 5,479,251 $ 772 $ 0.82
Austin $ 3,016,449 $ 780 $ 1.00 8.2% $ 2,789,047 $ 721 $ 0.92
Indianapolis $ 2,905,147 $ 630 $ 0.70 -1.5% $ 2,948,618 $ 640 $ 0.71
Kansas $ 3,123,164 $ 797 $ 0.80 -0.7% $ 3,144,324 $ 803 $ 0.81
Chicago $ 610,645 $1,039 $ 1.15 9.8% $ 556,005 $ 946 $ 1.04
----------- ------ ------ ----- ----------- ------ ------
Total $24,879,930 $ 737 $ 0.82 1.2% $24,586,910 $ 728 $ 0.81
=========== ====== ===== ===== =========== ====== ======
<PAGE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED PROPERTIES) - CONTINUED
4/1/00-6/30/00 4/1/99-6/30/99
--------------------------------- % --------------------------------
Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- ---------- ------ ---------- -------- ---------
PROPERTY OPERATING EXPENSES (ANNUALIZED) (ANNUALIZED)
--------------------------- ------------ ------------
Dallas $ 4,014,282 $3,521 $4.04 -0.8% $4,048,333 $3,551 $4.08
Atlanta $ 1,955,482 $3,307 $3.50 2.1% $1,916,089 $3,241 $3.43
Austin $ 1,141,339 $3,542 $4.53 -3.4% $1,181,978 $3,668 $4.69
Indianapolis $ 1,163,553 $3,030 $3.37 -1.2% $1,177,476 $3,066 $3.41
Kansas $ 1,056,666 $3,236 $3.25 0.3% $1,053,087 $3,225 $3.24
Chicago $ 276,104 $5,635 $6.22 2.9% $ 268,354 $5,477 $6.04
------------ ------ ----- ----- ---------- ------ -----
Total $ 9,607,425 $3,415 $3.82 -0.4% $9,645,317 $3,429 $3.83
============ ====== ===== ===== ========== ====== =====
Operating Efficiency 38.6% 39.2%
============ ==========
</TABLE>
<TABLE>
<CAPTION>
PER MONTH PER MONTH
--------- ----------
NOI 2000% 1999%
--- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dallas 58.6% 58.1% $ 5,674,412 $415 $0.48 0.9% $ 5,621,332 $411 $0.47
Atlanta 64.7% 65.0% $ 3,580,349 $505 $0.53 0.5% $ 3,563,162 $502 $0.53
Austin 62.2% 57.6% $ 1,875,110 $485 $0.62 16.7% $ 1,607,069 $416 $0.53
Indianapolis 59.9% 60.1% $ 1,741,594 $378 $0.42 -1.7% $ 1,771,142 $384 $0.43
Kansas 66.2% 66.5% $ 2,066,499 $527 $0.53 -1.2% $ 2,091,237 $534 $0.54
Chicago 54.8% 51.7% $ 334,541 $569 $0.63 16.3% $ 287,651 $489 $0.54
----- ----- ------------ ---- ----- ----- ----------- ---- -----
Total 61.4% 60.8% $ 15,272,504 $452 $0.51 2.2% $14,941,593 $443 $0.49
===== ===== ============ ==== ===== ===== =========== ==== =====
Operating Margin 61.4% 60.8%
============ ===========
CAPITAL EXPENDITURES (ANNUALIZED) (ANNUALIZED)
-------------------- ------------ -------------
Dallas $ 652,410 $ 572 $0.66 44.5% $ 451,548 $ 396 $0.45
Atlanta $ 210,561 $ 356 $0.38 36.1% $ 154,729 $ 262 $0.28
Austin $ 111,651 $ 346 $0.44 -78.7% $ 523,871 $1,626 $2.08
Indianapolis $ 70,464 $ 184 $0.20 213.3% $ 22,493 $ 59 $0.07
Kansas $ 47,761 $ 146 $0.15 -38.0% $ 77,049 $ 236 $0.24
Chicago $ 36,115 $ 737 $0.81 65.8% $ 21,789 $ 445 $0.49
------------ ------ ----- ------ ---------- ------ -----
Total $ 1,128,963 $ 401 $0.45 -9.8% $1,251,479 $ 445 $0.50
============ ====== ===== ====== ========== ====== =====
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED PROPERTIES) - CONTINUED
<CAPTION>
4/1/00-6/30/00 4/1/99-6/30/99
--------------------------------- % --------------------------------
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 $ 503,661 $ 442 $0.51 -3.2% $ 520,501 $ 457 $0.52
Atlanta $ 359,270 $ 608 $0.64 10.5% $ 325,146 $ 550 $0.58
Austin $ 124,287 $ 386 $0.49 -29.6% $ 176,450 $ 548 $0.70
Indianapolis $ 200,212 $ 521 $0.58 24.8% $ 160,429 $ 418 $0.46
Kansas $ 118,148 $ 362 $0.36 17.6% $ 100,465 $ 308 $0.31
Chicago $ 32,847 $ 670 $0.74 -4.6% $ 34,432 $ 703 $0.78
------------ ------ ----- ------ ---------- ------ -----
Total $ 1,338,425 $ 476 $0.53 1.6% $1,317,422 $ 468 $0.52
============ ====== ===== ====== ========== ====== =====
REAL ESTATE TAXES (ANNUALIZED) (ANNUALIZED)
----------------- ------------ ------------
Dallas $ 1,496,685 $1,313 $1.51 1.4% $1,476,744 $1,295 $1.49
Atlanta $ 430,319 $ 728 $0.77 0.6% $ 427,671 $ 723 $0.77
Austin $ 445,475 $1,382 $1.77 5.8% $ 421,006 $1,306 $1.67
Indianapolis $ 264,614 $ 689 $0.77 -12.5% $ 302,314 $ 787 $0.88
Kansas $ 297,719 $ 912 $0.92 -6.0% $ 316,635 $ 970 $0.98
Chicago $ 132,875 $2,712 $2.99 0.7% $ 132,000 $2,694 $2.97
------------ ------ ----- ----- ---------- ------ -----
Total $ 3,067,687 $1,091 $1.22 -0.3% $3,076,369 $1,094 $1.22
============ ====== ===== ===== ========== ====== =====
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED AND CO-INVESTMENT PROPERTIES)
THREE MONTHS ENDED JUNE 30, 2000 VERSUS THREE MONTHS ENDED JUNE 30, 1999
Includes Fox Valley
<CAPTION>
4/1/00 - 6/30/00 4/1/99 - 6/30/99
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 93.3% -0.4% 93.6%
Atlanta 3,777 92.7% -0.1% 92.9%
Austin 1,289 95.5% 0.7% 94.8%
Houston 754 92.7% 0.7% 92.0%
Indianapolis 1,536 85.7% -6.3% 91.5%
Kansas 1,674 89.0% -5.8% 94.5%
Chicago 2,384 95.5% 0.4% 95.2%
------ ----- ----- -----
Weighted Average 92.5% -1.1% 93.6%
===== ===== =====
Total 17,396
======
WEIGHTED AVG.
RENTAL RATE
-------------
Dallas $ 725 0.8% $719
Atlanta $ 826 2.6% $805
Austin $ 769 7.2% $718
Houston $ 723 -4.3% $756
Indianapolis $ 674 2.9% $655
Kansas $ 813 2.9% $790
Chicago $1,009 3.0% $980
------ ---- ----
Weighted Average $ 793 2.2% $776
====== ==== ====
TOTAL PROPERTY
REVENUES Per Month Per Month
--------------- ---------- ----------
Dallas $12,858,575 $ 717 $ 0.83 0.3% $12,816,799 $ 714 $ 0.83
Atlanta $ 9,268,456 $ 818 $ 0.83 2.5% $ 9,039,445 $ 798 $ 0.81
Austin $ 3,016,449 $ 780 $ 1.00 8.2% $ 2,789,047 $ 721 $ 0.92
Houston $ 1,584,375 $ 700 $ 0.76 -5.5% $ 1,677,196 $ 741 $ 0.80
Indianapolis $ 2,905,147 $ 630 $ 0.70 -1.5% $ 2,948,618 $ 640 $ 0.71
Kansas $ 3,937,915 $ 784 $ 0.80 -1.4% $ 3,993,884 $ 795 $ 0.81
Chicago $ 7,513,300 $1,051 $ 1.20 5.1% $ 7,152,115 $1,000 $ 1.15
----------- ------ ------ ----- ----------- ------ ------
$41,084,217 $ 787 $ 0.87 1.7% $40,417,104 $ 774 $ 0.86
=========== ====== ====== ===== =========== ====== ======
<PAGE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED AND CO-INVESTMENT PROPERTIES)
- CONTINUED
4/1/00 - 6/30/00 4/1/99 - 6/30/99
--------------------------------- % --------------------------------
Amount/% Per Unit Per Sq Ft Change Amount/% Per Unit Per Sq Ft
-------- -------- ---------- ------ ---------- -------- ---------
PROPERTY OPERATING EXPENSES (ANNUALIZED) (ANNUALIZED)
--------------------------- ------------ ------------
Dallas $ 5,400,524 $3,611 $4.17 -0.3% $ 5,415,741 $3,621 $4.19
Atlanta $ 3,203,779 $3,393 $3.44 1.9% $ 3,144,192 $3,330 $3.38
Austin $ 1,141,339 $3,542 $4.53 -3.4% $ 1,181,978 $3,668 $4.69
Houston $ 682,845 $3,623 $3.92 -4.7% $ 716,350 $3,800 $4.11
Indianapolis $ 1,163,553 $3,030 $3.37 -1.2% $ 1,177,476 $3,066 $3.41
Kansas $ 1,363,112 $3,257 $3.31 0.4% $ 1,358,011 $3,245 $3.30
Chicago $ 2,494,874 $4,186 $4.80 -4.3% $ 2,605,822 $4,372 $5.01
------------ ------ ----- ----- ----------- ------ -----
Total $ 15,450,028 $3,553 $3.93 -1.0% $15,599,571 $3,587 $3.97
============ ====== ===== ===== =========== ====== =====
Operating Efficiency 37.6% 38.6%
============ ==========
</TABLE>
<TABLE>
<CAPTION>
PER MONTH PER MONTH
--------- ----------
NOI 2000% 1999%
--- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dallas 58.0% 57.7% $ 7,458,051 $416 $0.48 0.8% $ 7,401,059 $412 $0.48
Atlanta 65.4% 65.2% $ 6,064,677 $535 $0.54 2.9% $ 5,895,253 $520 $0.53
Austin 62.2% 57.6% $ 1,875,110 $485 $0.62 16.7% $ 1,607,069 $416 $0.53
Houston 56.9% 57.3% $ 901,529 $399 $0.43 -6.2% $ 960,846 $425 $0.46
Indianapolis 59.9% 60.1% $ 1,741,594 $378 $0.42 -1.7% $ 1,771,142 $384 $0.43
Kansas 65.4% 66.0% $ 2,574,803 $513 $0.52 -2.3% $ 2,635,873 $525 $0.53
Chicago 66.8% 63.6% $ 5,018,426 $702 $0.80 10.4% $ 4,546,292 $636 $0.73
----- ----- ------------ ---- ----- ----- ----------- ---- -----
Total 62.4% 61.4% $ 25,634,189 $491 $0.54 3.3% $24,817,533 $476 $0.53
===== ===== ============ ==== ===== ===== =========== ==== =====
Operating Margin 62.4% 61.4%
============ ===========
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES L.P. - "SAME COMMUNITY COMPARISON" (WHOLLY-OWNED AND CO-INVESTMENT PROPERTIES)
- CONTINUED
<CAPTION>
4/1/00 - 6/30/00 4/1/99 - 6/30/99
--------------------------------- % --------------------------------
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 $ 777,859 $ 520 $0.60 31.8% $ 590,314 $ 395 $0.46
Atlanta $ 260,907 $ 276 $0.28 35.2% $ 193,031 $ 204 $0.21
Austin $ 111,651 $ 346 $0.44 -78.7% $ 523,871 $1,626 $2.08
Houston $ 36,355 $ 193 $0.21 -9.5% $ 40,162 $ 213 $0.23
Indianapolis $ 70,464 $ 184 $0.20 213.3% $ 22,493 $ 59 $0.07
Kansas $ 64,633 $ 154 $0.16 -21.2% $ 81,974 $ 196 $0.20
Chicago $ 203,961 $ 342 $0.39 -7.2% $ 219,878 $ 369 $0.42
------------ ------ ----- ------ ---------- ------ -----
Total $ 1,525,830 $ 351 $0.39 -8.7% $1,671,723 $ 384 $0.43
============ ====== ===== ====== ========== ====== =====
REPAIRS AND MAINTENANCE (ANNUALIZED) (ANNUALIZED)
----------------------- ------------ ------------
Dallas $ 678,104 $ 453 $0.52 -1.5% $ 688,401 $ 460 $0.53
Atlanta $ 532,106 $ 564 $0.57 11.0% $ 479,302 $ 508 $0.52
Austin $ 124,287 $ 386 $0.49 -29.6% $ 176,450 $ 548 $0.70
Houston $ 44,418 $ 236 $0.25 -8.0% $ 48,281 $ 256 $0.28
Indianapolis $ 200,212 $ 521 $0.58 24.8% $ 160,429 $ 418 $0.46
Kansas $ 147,883 $ 353 $0.36 17.6% $ 125,749 $ 300 $0.31
Chicago $ 377,145 $ 633 $0.73 3.8% $ 363,513 $ 610 $0.70
------------ ------ ----- ------ ---------- ------ -----
Total $ 2,104,156 $ 484 $0.54 3.0% $2,042,125 $ 470 $0.52
============ ====== ===== ====== ========== ====== =====
REAL ESTATE TAXES (ANNUALIZED) (ANNUALIZED)
----------------- ------------ ------------
Dallas $ 2,002,369 $1,339 $1.55 2.2% $1,958,967 $1,310 $1.51
Atlanta $ 775,278 $ 821 $0.83 8.1% $ 717,088 $ 759 $0.77
Austin $ 445,475 $1,382 $1.77 5.8% $ 421,006 $1,306 $1.67
Houston $ 280,160 $1,486 $1.61 -6.7% $ 300,230 $1,593 $1.72
Indianapolis $ 264,614 $ 689 $0.77 -12.5% $ 302,314 $ 787 $0.88
Kansas $ 381,839 $ 912 $0.93 -5.1% $ 402,393 $ 962 $0.98
Chicago $ 813,395 $1,365 $1.56 -11.6% $ 920,499 $1,544 $1.77
------------ ------ ----- ------ ---------- ------ -----
Total $ 4,963,130 $1,141 $1.26 -1.2% $5,022,496 $1,155 $1.28
============ ====== ===== ====== ========== ====== =====
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
PROPERTY INFORMATION
As of June 30, 2000
<CAPTION>
Qtr ended
June 30, 2000
Approx- Average Qtr ended
imate Rental Rates June 30,
Number Rentable Average ------------- 2000
Year Year of Area Unit Size Per Per Average
PROPERTIES Location Acquired Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- -------- --------- ------ --------- --------- ---- ----- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WHOLLY OWNED
PROPERTIES
------------
DALLAS/FT.
WORTH, TX
----------
Amli:
at Autumn Chase Carrollton, TX 1991 87/96/99 690 598,128 867 731 $0.84 88.7%
at Bent Tree Dallas, TX 1997 1996 300 282,774 943 835 0.89 93.7%
at Bishop's Gate West Plano, TX 1997 1997 266 292,094 1,098 1,004 0.91 92.0%
at Chase Oaks Plano, TX 1994 1986 250 193,736 775 692 0.89 93.8%
at Gleneagles Dallas, TX 1988 87/97 590 520,357 882 719 0.82 92.2%
on the Green Ft. Worth, TX 1994 90/93 424 358,560 846 700 0.83 95.9%
at Nantucket Dallas, TX 1988 1986 312 222,208 712 579 0.81 95.1%
of North Dallas Dallas, TX 89/90 85/86 1,032 906,808 879 692 0.79 89.9%
on Rosemeade Dallas, TX 1990 1987 236 205,334 870 682 0.78 93.4%
at Valley Ranch Irving, TX 1990 1985 460 389,940 848 716 0.84 94.8%
----- --------- --- ---- ----- ------
Subtotal-Dallas/
Ft. Worth, TX 4,560 3,969,939 871 724 $0.83 92.2%
----- --------- --- ---- ----- ------
ATLANTA, GA
-----------
Amli:
at Clairmont Atlanta, GA 1998 1988 288 229,335 796 827 1.04 95.6%
at Killian Farms Snellville, GA 1999 256 262,785 1,027 799 0.78 97.5%
at Park Creek Gainesville, GA 1998 200 195,146 976 778 0.80 93.6%
at Spring Creek Dunwoody, GA 85/86/87/89 1,180 1,080,568 916 761 0.83 90.5%
at Vinings Atlanta, GA 92/97 1985 360 374,240 1,040 831 0.80 91.9%
at West Paces Atlanta, GA 1993 1992 337 353,700 1,050 940 0.90 91.1%
at StoneHollow Atlanta, GA 2000 1997 606 524,660 866 830 0.96 97.0%
at Towne Creek Gainesville, GA 1989 150 121,722 811 646 0.80 93.5%
------ --------- ----- ---- ----- ------
Subtotal-
Atlanta, GA 3,377 3,142,156 930 803 0.86 93.2%
------ --------- ----- ---- ----- ------
<PAGE>
Qtr ended
June 30, 2000
Approx- Average Qtr ended
imate Rental Rates June 30,
Number Rentable Average ------------- 2000
Year Year of Area Unit Size Per Per Average
PROPERTIES Location Acquired Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- -------- --------- ------ --------- --------- ---- ----- -----------
AUSTIN, TEXAS
-------------
Amli:
at the Arboretum Austin, TX 1986 1983 231 178,116 771 761 0.99 95.2%
in Great Hills Austin, TX 1991 1985 344 257,984 750 752 1.00 97.4%
at Lantana Ridge Austin, TX 1997 1997 354 311,857 881 873 0.99 93.4%
at Martha's
Vineyard Austin, TX 1992 1986 360 260,380 723 688 0.95 97.3%
----- --------- --- ---- ----- -----
Subtotal-
Austin, TX 1,289 1,008,337 782 769 0.98 95.9%
----- --------- --- ---- ----- -----
KANSAS
------
Amli:
at Alvamar Lawrence, KS 1994 1989 152 125,800 828 699 0.84 89.8%
at Centennial Overland Park, KS 1998 1998 170 204,858 1,205 973 0.81 87.8%
at Lexington Farms Overland Park, KS 1998 1998 404 392,693 972 803 0.83 92.0%
at Regents Center Overland Park, KS 1994 91/95/97 424 398,674 940 777 0.83 93.3%
at Town Center Overland Park, KS 1997 1997 156 176,914 1,134 960 0.85 84.0%
----- --------- ----- ----- ----- -----
Subtotal
- Kansas 1,306 1,298,939 995 823 0.83 90.7%
----- --------- ----- ----- ----- -----
INDIANAPOLIS, IN
----------------
Amli:
at Conner Farms Indianapolis, IN 1997 1993 300 327,396 1,091 800 0.73 96.2%
at Eagle Creek Indianapolis, IN 1998 1998 240 233,432 973 766 0.79 92.7%
at Riverbend Indianapolis, IN 92/93 83/85 996 820,712 824 614 0.74 81.8%
----- --------- ----- ---- ----- -----
Subtotal
-Indianapolis,
IN 1,536 1,381,540 899 674 0.75 86.3%
----- --------- ----- ---- ----- -----
<PAGE>
Qtr ended
June 30, 2000
Approx- Average Qtr ended
imate Rental Rates June 30,
Number Rentable Average ------------- 2000
Year Year of Area Unit Size Per Per Average
PROPERTIES Location Acquired Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- -------- --------- ------ --------- --------- ---- ----- -----------
CHICAGO, IL
------------
Amli:
at Poplar Creek Schaumburg, IL 1997 1985 196 177,630 906 1,025 1.13 97.9%
----- ---------- ----- ----- ----- -----
Subtotal
-Chicago, IL 196 177,630 906 1,025 1.13 97.9%
------ ---------- ----- ----- ----- -----
TOTAL
WHOLLY OWNED
PROPERTIES 12,264 10,978,541 895 760 0.85 92.0%
====== ========== ==== ==== ===== =====
<PAGE>
Qtr ended
June 30, 2000
Approx- Average Qtr ended
imate Rental Rates June 30,
Number Rentable Average ------------- 2000
Year Year of Area Unit Size Per Per Average
PROPERTIES Location Acquired 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 1,037 875 0.84 96.3%
at Peachtree City Fayette County, GA 1998 312 305,756 980 934 0.95 94.2%
at Pleasant Hill Gwinnett County, GA 1996 502 501,816 1,000 807 0.81 95.8%
at River Park Norcross, GA 1997 222 226,632 1,021 934 0.92 95.8%
at Willeo Creek Rosewell, GA 1995 1989 242 297,302 1,229 864 0.70 94.4%
at Northwinds (1) Alpharetta, GA 1999 800 818,432 1,023 889 0.87 95.0%
at Windward Park Alpharetta, GA 1999 1999 328 354,900 1,082 907 0.84 92.1%
----- --------- ----- ---- ----- ------
Subtotal-
Atlanta, GA 2,852 2,967,206 1,040 881 0.85 94.9%
----- --------- ----- ---- ----- ------
CHICAGO, IL
-----------
Amli:
at Chevy Chase Buffalo Grove, IL 1996 1988 592 480,820 812 1,045 1.29 97.2%
at Danada Wheaton, IL 1997 89/91 600 521,499 869 971 1.12 96.6%
at Fox Valley Aurora, IL 1998 272 269,237 990 961 0.97 96.6%
at Oakhurst North Aurora, IL 2000 464 470,094 1,013 881 0.87 91.3%
at Willowbrook Willowbrook, IL 1996 1987 488 418,404 857 998 1.16 95.1%
at Windbrooke Buffalo Grove, IL 1995 1987 236 213,160 903 1,079 1.20 98.9%
----- --------- --- ---- ----- -----
Subtotal-
Chicago, IL 2,652 2,373,214 895 985 1.10 95.7%
----- --------- --- ---- ----- -----
INDIANAPOLIS, IN
----------------
AMLI:
on Spring Mill Carmel, IN 2000 1997 400 406,640 1,017 830 0.82 88.3%
----- --------- --- ---- ----- -----
EASTERN KANSAS
--------------
AMLI:
at Regents Crest Overland Park, KS 1997 1997 368 346,632 942 776 0.82 88.1%
----- --------- --- ---- ----- -----
<PAGE>
Qtr ended
June 30, 2000
Approx- Average Qtr ended
imate Rental Rates June 30,
Number Rentable Average ------------- 2000
Year Year of Area Unit Size Per Per Average
PROPERTIES Location Acquired Completed Units (Sq Ft) (Sq Ft) Unit Sq Ft Occupancy
---------- -------- -------- --------- ------ --------- --------- ---- ----- -----------
DALLAS/FT. WORTH
----------------
AMLI:
at Deerfield Ft. Worth, TX 1999 240 238,972 996 839 0.84 83.4%
at Fossil Creek Ft. Worth, TX 1998 384 384,358 1,001 817 0.82 94.5%
on Frankford Dallas, TX 2000 1998 582 517,344 889 874 0.98 90.9%
at Oakbend Lewisville, TX 1997 426 382,690 898 777 0.86 91.3%
on the Parkway Dallas, TX 1999 240 225,248 939 865 0.92 94.4%
at Prestonwood
Hills Dallas, TX 1999 1997 272 245,696 903 847 0.94 91.3%
on Timberglen Dallas, TX 1990 1985 260 201,198 774 623 0.81 96.4%
at Varandah Arlington, TX 1997 86/91 538 394,304 733 654 0.89 97.2%
----- ---------- --- ---- ----- -----
Subtotal -
Dallas/
Ft. Worth, TX 2,942 2,589,810 880 784 0.89 92.8%
----- ---------- --- ---- ----- -----
AUSTIN, TX
----------
AMLI:
at Wells Branch Austin, TX 1999 576 554,582 963 862 0.90 94.2%
----- ---------- --- ---- ----- -----
HOUSTON, TX
-----------
Amli:
at Champions
Centre Houston, TX 1994 1994 192 164,480 857 716 0.84 89.7%
at Champions Park Houston, TX 1994 1991 246 221,986 902 708 0.78 90.5%
at Greenwood
Forest Houston, TX 1995 1995 316 310,844 984 740 0.75 94.8%
at Midtown Houston, TX 2000 1998 419 368,818 880 1,012 1.15 96.3%
------ ---------- --- ---- ----- -----
Subtotal-
Houston, TX 1,173 1,066,128 909 827 0.91 93.6%
------ ---------- ---- ---- ----- -----
TOTAL CO-INVESTMENT
PROPERTIES 10,963 10,304,212 940 838 0.89 90.7%
====== ========== === ==== ===== =====
TOTAL WHOLLY OWNED
AND CO-INVESTMENT
PROPERTIES 23,227 21,282,753 916 796 $0.87 91.4%
====== ========== === ==== ===== =====
</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
JUNE 30, JUNE 30, JUNE 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). . . . $23,436 23,203 1.0% 15,109 14,820 1.9% 38,545 38,023 1.4%
New Communities (2) . . 598 304 96.8% 5,057 3,432 47.3% 5,655 3,736 51.4%
Development and/
or Lease-up
Communities (3). . . . 208 0 1,962 0 2,170 0
Acquisition
Communities (4). . . . 1,735 0 4,521 506 6,256 506
Communities Sold/
Contributed to
Ventures (5) . . . . . 798 3,774 18 1,716 817 5,490
------- ------- ------- ------- ------- ------- ------- ------- -------
Total. . . . . . . . $26,775 27,281 -1.9% 26,668 20,475 30.2% 53,443 47,756 11.9%
======= ======= ======= ======= ======= ======= ======= ======= =======
OTHER REVENUES
--------------
Same Store
Communities. . . . . . $ 1,444 1,384 4.4% 1,096 1,010 8.4% 2,540 2,394 6.1%
New Communities . . . . 32 24 34.2% 384 244 57.7% 416 268 55.6%
Development and/
or Lease-up
Communities. . . . . . 11 0 282 0 293 0
Acquisition
Communities. . . . . . 93 0 358 58 451 58
Communities Sold/
Contributed to
Ventures . . . . . . . 77 350 0 134 77 484
------- ------- ------- ------- ------- ------- ------- ------- -------
Total. . . . . . . . $ 1,658 1,757 -5.6% 2,119 1,447 46.5% 3,777 3,204 17.9%
======= ======= ======= ======= ======= ======= ======= ======= =======
<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
JUNE 30, JUNE 30, JUNE 30,
---------------------------- ---------------------------- ----------------------------
% % %
2000 1999 Change 2000 1999 Change 2000 1999 Change
------- ------- ------ ------- ------- ------ ------- ------- -------
TOTAL PROPERTY
REVENUES
---------------
Same Store
Communities. . . . . . $24,880 24,587 1.2% 16,204 15,830 2.4% 41,084 40,417 1.7%
New Communities . . . . 630 328 92.2% 5,441 3,676 48.0% 6,071 4,004 51.6%
Development and/
or Lease-up
Communities. . . . . . 219 0 2,244 0 2,463 0
Acquisition
Communities. . . . . . 1,828 0 4,879 565 6,708 565
Communities Sold/Contri-
buted to Ventures. . . 876 4,123 18 1,851 894 5,974
------- ------- ------- ------- ------- ------- ------- ------- -------
Total. . . . . . . . $28,433 29,038 -2.1% 28,787 21,921 31.3% 57,220 50,960 12.3%
======= ======= ======= ======= ======= ======= ======= ======= =======
Company's share of
Co-investment total
revenues. . . . . . . . 8,464 5,888
======= =======
TOTAL OPERATING
EXPENSES
---------------
Same Store
Communities. . . . . . $ 9,607 9,645 -0.4% 5,843 5,954 -1.9% 15,450 15,600 -1.0%
New Communities . . . . 197 182 8.7% 2,034 1,577 29.0% 2,231 1,759 26.9%
Development and/
or Lease-up
Communities. . . . . . 201 0 1,442 8 1,643 8
Acquisition
Communities. . . . . . 738 0 1,921 342 2,658 342
Communities Sold/Contri-
buted to Ventures. . . 251 1,467 4 809 254 2,276
------- ------- ------- ------- ------- ------- ------- ------- -------
Total. . . . . . . . $10,994 11,294 -2.7% 11,243 8,691 29.4% 22,237 19,985 11.3%
======= ======= ======= ======= ======= ======= ======= ======= =======
Company's share of
Co-investment total
operating expenses. . . 3,271 2,293 42.6%
======= ======= =======
<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
JUNE 30, JUNE 30, JUNE 30,
---------------------------- ---------------------------- ----------------------------
% % %
2000 1999 Change 2000 1999 Change 2000 1999 Change
------- ------- ------ ------- ------- ------ ------- ------- -------
PROPERTY EBITDA
---------------
Same Store
Communities. . . . . . $15,273 14,942 2.2% 10,362 9,876 4.9% 25,634 24,818 3.3%
New Communities . . . . 433 146 196.0% 3,407 2,099 62.3% 3,840 2,245 71.0%
Development and/
or Lease-up
Communities. . . . . . 19 0 802 -8 820 -8
Acquisition
Communities. . . . . . 1,090 0 2,959 222 4,049 222 1722.1%
Communities Sold/
Contributed to
Ventures . . . . . . . 625 2,657 14 1,042 639 3,698
------- ------- ------- ------- ------- ------- ------- ------- -------
Total. . . . . . . . $17,439 17,744 -1.7% 17,544 13,230 32.6% 34,983 30,975 12.9%
======= ======= ======= ======= ======= ======= ======= ======= =======
Company's share
of Co-investment
EBITDA (incl.
share of cash flow
in excess of
ownership %). . . . . . 5,397 3,660 47.5% 5,397 3,660 47.5%
======= ======= ======= ======= ======= =======
Percent of
Co-investment
EBITDA. . . . . . . . . 31% 28% 15% 12%
======= ======= ======= =======
<FN>
(1) Stabilized Communities at 4/1/99.
(2) Development Communities stabilized after 4/1/99 but before 4/1/00.
(3) Development Communities not yet stabilized.
(4) Stabilized Communities acquired after 4/1/99.
(5) Communities sold or contributed to co-investment ventures.
</TABLE>
<PAGE>
<TABLE>
AMLI RESIDENTIAL PROPERTIES TRUST
DEVELOPMENT ACTIVITIES
Second 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 7/23/00
---------- -------- ---------- --------- --------- -------- ------- -------- --------- --------
<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 4Q/00 3Q/01 2Q/02 23% N/A
at Park Bridge 352 $24.6 25% 2Q/99 2Q/00 1Q/01 4Q/01 67% 29%
at Peacktree City
Phase II 216 $20.2 20% 3Q/00 3Q/01 1Q/02 2Q/02 0% N/A
at Lost Mountain 164 $11.4 74% 2Q/99 2Q/00 3Q/00 1Q/01 93% 57%
DALLAS/FORT WORTH,
TEXAS
------------------
AMLI
at Bent Tree II 200 $13.9 100% 4Q/98 4Q/99 2Q/00 3Q/00 100% 91%
AUSTIN, TEXAS
-------------
AMLI
at Monterey Oaks 430 $30.4 25% 4Q/98 1Q/00 4Q/00 2Q/01 87% 74%
HOUSTON, TEXAS
--------------
AMLI
at Kings Harbour 300 $19.2 100% 2Q/00 1Q/01 3Q/01 2Q/02 10% N/A
CHICAGO (METRO),
ILLINOIS
----------------
AMLI
at St. Charles 400 $43.4 25% 3Q/98 3Q/99 3Q/00 1Q/01 99% 77%
<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 4/23/00
---------- -------- ---------- --------- --------- -------- ------- -------- --------- --------
OVERLAND PARK,
KANSAS
--------------
AMLI
at Wynnewood Farms 232 $18.6 25% 2Q/98 4Q/99 3Q/00 4Q/00 98% 85%
at Regents Crest II 108 $7.8 25% 2Q/98 3Q/99 2Q/00 3Q/00 100% 82%
Creekside 224 $16.2 25% 2Q/98 4Q/99 2Q/00 4Q/00 100% 84%
LEE'S SUMMIT,
MISSOURI
-------------
AMLI
at Summit Ridge 432 $29.3 25% 2Q/99 2Q/00 1Q/01 1Q/02 73% 26%
INDIANAPOLIS,
INDIANA
-------------
AMLI
at Lake Clearwater 216 $16.7 25% 3Q/98 3Q/99 2Q/00 3Q/00 100% 93%
at Castle Creek 276 $20.7 40% 3Q/98 3Q/99 3Q/00 4Q/00 99% 71%
----- ------
TOTAL 3,950 $299.5
===== ======
</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
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 Cambridge Square 408
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.
