Exhibit C Lease Abstracts by imakyottiefosho

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									APPENDIX                                                                                            2131 K STREET, NW
                                                                                                           Washington, DC

                   Exhibit C: Lease Abstracts

Tenant                                Atlantic Services Group, Inc. (d/b/a Atlantic Parking)

Lease Date                            August 3, 2004

Suite                                 Parking Garage

Rentable Area                         44         Lined Spaces

Proportionate Share                   Real Estate Taxes:         N/A             Operating Expenses:     N/A

Lease Term                            10 years

Commencement Date                     October 1, 2004

Expiration                            September 30, 2014

Management Fee to Atlantic                       Term                  $ / PSF           Monthly              Annual
                          Base Fee     10/01/04    -    09/30/14               n/a            $650.00           $7,800.00
                      Incentive Fee    10/01/04    -    09/30/14     5% of Monthly Net Revenue
                                      Monthly Net Revenue = Gross Revenue, less, Manager’s Operating Expenses

                Income to Landlord    Landlord receives 95% of Monthly Net Revenues, less, the Base Management Fee ($650.00
                                      per month).

Type                                  Management Contract

Recoveries                            None.

Option to Renew                       None.

Cancellation Option                   Manager may be terminated if any of its employees steal any revenues or commit theft
                                      of any kind.

Right of First Option                 None.

Security Deposit                      None.

Comments                              Manager’s Maintenance: Tenant is to maintain garage in a first class manor and keep
                                      it clean.
                                      Building Owner’s Maintenance: Owner is responsible for purchase and repair of
                                      garage equipment.




                                                                                                 Exhibit C: Lease Abstracts
                                                                                                               Page 1 of 13
APPENDIX                                                                                         2131 K STREET, NW
                                                                                                        Washington, DC

                  Exhibit C: Lease Abstracts

Tenant                         Acott Ventures, LLC

Lease Date                     August 9, 2006

Suite                          LL and 100

Rentable Area                  LL            4,394    BOMA square feet
                               100           6,029    BOMA square feet
Rentable Area                               10,423    BOMA square feet

Proportionate Share            Real Estate Taxes:          11.32%            Operating Expenses:       11.32%

Lease Term                     10 years

Commencement Date              February 1, 2008

Expiration                     January 31, 2018

Base Rent                                   Term                    $ / PSF          Monthly               Annual
                         LL     02/01/08      -      01/31/10           $20.00         $7,323.33             $87,880.00
                                02/01/10      -      01/31/11           $20.60         $7,543.03             $90,516.40
                                02/01/11      -      01/31/12           $21.22         $7,769.32             $93,231.89
                                02/01/12      -      01/31/13           $21.85         $8,002.40             $96,028.85
                                02/01/13      -      01/31/14           $22.51         $8,242.48             $98,909.71
                                02/01/14      -      01/31/15           $23.19         $8,489.75            $101,877.01
                                02/01/15      -      01/31/16           $23.88         $8,744.44            $104,933.32
                                02/01/16      -      01/31/17           $24.60         $9,006.78            $108,081.32
                                02/01/17      -      01/31/18           $25.34         $9,276.98            $111,323.75

                         100    02/01/08      -    01/31/09             $45.00            $22,608.75        $271,305.00
                                02/01/10      -    01/31/11             $46.35            $23,287.01        $279,444.15
                                02/01/11      -    01/31/12             $47.74            $23,985.62        $287,827.47
                                02/01/12      -    01/31/13             $49.17            $24,705.19        $296,462.30
                                02/01/13      -    01/31/14             $50.65            $25,446.35        $305,356.17
                                02/01/14      -    01/31/15             $52.17            $26,209.74        $314,516.85
                                02/01/15      -    01/31/16             $53.73            $26,996.03        $323,952.36
                                02/01/16      -    01/31/17             $55.34            $27,805.91        $333,670.93
                                02/01/17      -    01/31/18             $57.00            $28,640.09        $343,681.06
                               Base Rent does not begin to escalate until the beginning of year 3

Percentage Rent                5% of gross receipts in excess of the sum of Base Rent.

Type                           Triple Net (NNN)

Recoveries                     Tenant pays it prorata share of operating and tax expenses.
                                     Expenses may be grossed-up to 95% occupancy.
                                     Expenses exclude ground rent and cleaning costs.



                                                                                              Exhibit C: Lease Abstracts
                                                                                                            Page 2 of 13
APPENDIX                                                                                     2131 K STREET, NW
                                                                                                    Washington, DC

                   Exhibit C: Lease Abstracts


                                                                                                   (CONTINUED)
Tenant                       Acott Ventures, LLC

Lease Date                   August 9, 2006

Suite                        LL and 100



Option to Renew              Two 5-year options at market with 12 months notice

Cancellation Option          None.

Right of First Option        None

Security Deposit             $500,000          Deposit is to be reduced by $25,000 per year following the
                                               completion of the lower level.

Comments                     Tenant plans to build-out the lower level (Ste LL-1) and open it for business once the
                             lounge is established. Tenant anticipates building-out the lower level in early 2009.
                             They continue to pay rent for the lower level space and no further TIs are due to tenant
                             for the lower level build-out, with exception to landlord’s contribution toward the
                             construction of the stairs.
                             Landlord is obligated to contribute $49,700 toward construction of an internal
                             staircase between 1st floor and lower level.
                             First Amendment To Retail Lease                                  Dated: 02/04/2008
                                       Deferral of buildout of lower level space




                                                                                          Exhibit C: Lease Abstracts
                                                                                                        Page 3 of 13
APPENDIX                                                                                              2131 K STREET, NW
                                                                                                               Washington, DC

                   Exhibit C: Lease Abstracts

Tenant                               Atlantic Services Group, Inc.

Lease Date                           August 11, 2004

Suite                                200 (original + expansion) and Storage Space

Rentable Area                        “Original Premises”          7,239   square feet (7,354 BOMA square feet)
                                     “Expansion Premises”         2,200   square feet (2,366 BOMA square feet)
                                                                  9,439   Square feet (9,720 BOMA square feet)

Proportionate Share                  Real Estate Taxes:            8.23%          Operating Expenses:          8.23%
                                     Calculation: “Original Premises” BOMA SF / Building’s BOMA SF

Lease Term                           10 years, 5 months
Commencement Date                    August 11, 2004
Expiration                           January 31, 2015

Rent                                              Term                     $ / PSF          Monthly                 Annual
             “Original Premises”      01/01/08    -       12/31/08             $32.85          $19,813.85            $237,766.14
                   Only (7,239 SF)    01/01/09    -       12/31/09             $33.67          $20,309.19            $243,710.30
                                      01/01/10    -       12/31/10             $34.51          $20,816.92            $249,803.05
                                      01/01/11    -       12/31/11             $35.37          $21,337.34            $256,048.13
                                      01/01/12    -       12/31/12             $36.25          $21,870.78            $262,449.33
                                      01/01/13    -       12/31/13             $37.16          $22,417.55            $269,010.57
                                      01/01/14    -       01/31/15             $38.09          $22,977.99            $275,735.83
                                     * Tenant does not pay rent on “Expansion Premises” or Storage Space

Type                                 Full Service with Base Year Stop
Recoveries                           Tenant pays its prorata share of costs that exceed its Base Year Stop:
                                        Real Estate Taxes           Base Year TY2005 $               294,737
                                        Operating Expenses          Base Year 2005            $      549,301
                                            Expenses may be grossed-up to 95% occupancy.
                                            Expenses exclude ground rent.

Option to Renew                      One 5-year option at market with 9 months notice

Cancellation Option                  Tenant may terminate lease on 1/31/12 with 180 days notice and payment of $188,879.

Right of First Option                None

Security Deposit                     $18,399.13

Comments                             Parking: Tenant has the right to 5 parking contracts, at market rates, directly with the
                                     garage operator.
                                     First Amendment To Lease                                            Dated: 10/21/2004
                                              Expansion of space by 559 sf.
                                     Second Amendment To Office Lease Agreement                          Dated: 09/20/2007
                                              Expansion of space by 2,200 sf and relocation of storage space.



                                                                                                   Exhibit C: Lease Abstracts
                                                                                                                 Page 4 of 13
APPENDIX                                                                                     2131 K STREET, NW
                                                                                                    Washington, DC

                   Exhibit C: Lease Abstracts

Tenant                       Gambro Healthcare, Inc.

Lease Date                   October 21, 2004

Suite                        300

Rentable Area                101            404   BOMA square feet
                             300          9,262   square feet (10,908 BOMA SF, includes 1,265 SF expansion)

Proportionate Share          Real Estate Taxes:         12.16%            Operating Expenses:     12.16%

Lease Term                   10 years

Commencement Date            October 21, 2004

Expiration                   July 31, 2015

Rent                                      Term                     $ / PSF        Monthly              Annual
                              08/01/08      -     07/31/09             $27.32        $21,086.49         $253,037.84
                              08/01/09      -     07/31/10             $28.14        $21,719.39         $260,632.68
                              08/01/10      -     07/31/11             $28.98        $22,367.73         $268,412.76
                              08/01/11      -     07/31/12             $29.85        $23,039.23         $276,470.70
                              08/01/12      -     07/31/13             $30.75        $23,733.88         $284,806.50
                              08/01/13      -     07/31/14             $31.67        $24,443.96         $293,327.54
                              08/01/14      -     07/31/15             $32.62        $25,177.20         $302,126.44
                                                                         st
                             * Tenant does not pay base rent for the 1 floor space; however, does reimburse landlord
                             for operating and taxes for said space.

Type                         Triple Net

Recoveries                   Tenant pays its prorata share of real estate and operating expenses.
                                   Expenses may be grossed-up to 95% occupancy.
                                   Expenses exclude ground rent.
                                   Note, tenant’s lease indicates sub-meters would be installed; however, they never
                                   were so tenant pays its prorata share of utilties.

Option to Renew              None.
Cancellation Option          None.
Right of First Option        None.

Security Deposit             None.

Comments                     Parking: Tenant has the right to 6 parking contracts, at market rates, directly with the
                             garage operator.
                             First Amendment To Office Lease                                 Dated: 01/07/2005
                                      Extension of time to review plans
                             Second Amendment To Office Lease                                Dated: 08/30/2005
                                      Relocated lower level space to 1st floor of building.



                                                                                          Exhibit C: Lease Abstracts
                                                                                                        Page 5 of 13
APPENDIX                                                                                        2131 K STREET, NW
                                                                                                      Washington, DC

                   Exhibit C: Lease Abstracts

Tenant                       The American Council Of Young Political Leaders

Lease Date                   2007

Suite                        400

Rentable Area                3,506    square feet                (3,553 BOMA square feet)

Proportionate Share          Real Estate Taxes:            4.10%            Operating Expenses:     4.68%

Lease Term                   10 years, 6 months

Commencement Date            November 1, 2007

Expiration                   April 30, 2018

Rent                                      Term                     $ / PSF          Monthly                Annual
                              11/01/07     -        10/31/08           $20.00        $12,051.88             $144,622.50
                              11/01/08     -        10/31/09           $42.28        $12,352.81             $148,233.68
                              11/01/09     -        10/31/10           $43.34        $12,662.50             $151,950.04
                              11/01/10     -        10/31/11           $44.42        $12,978.04             $155,736.52
                              11/01/11     -        10/31/12           $45.53        $13,302.35             $159,628.18
                              11/01/12     -        10/31/13           $48.03        $14,032.77             $168,393.18
                              11/01/13     -        10/31/14           $49.23        $14,383.37             $172,600.38
                              11/01/14     -        10/31/15           $50.46        $14,742.73             $176,912.76
                              11/01/15     -        10/31/16           $51.72        $15,110.86             $181,330.32
                              11/01/16     -        10/31/17           $53.01        $15,487.76             $185,853.06
                              11/01/17     -        04/30/18           $54.34        $15,876.34             $190,516.04

Type                         Full Service with Base Year Stop

Recoveries                   Tenant pays its prorata share of costs that exceed its Base Year Stop: 2007
                                Real Estate Taxes        Base Year 2007            $     432,341
                                Operating Expenses       Base Year 2007            $     873,175
                                   Expenses may be grossed-up to 95% occupancy.
                                   Expenses exclude ground rent.

Option to Renew              None.
Cancellation Option          None.
Right of First Option        None.

Security Deposit             $72,311.28           Deposit will be reduced by $12,051.88 per year for the first 3 years.
                                                  Remaining balance of $36,155.64 will remain until lease expires.

Comments                     Parking: Tenant has the right to 2 parking contracts, at market rates, directly with the
                             garage operator.
                             First Amendment To Office Lease Agreement                        Dated: 2007
                                      Establishes commencement date, expiration date and last 6 months of rent.



                                                                                            Exhibit C: Lease Abstracts
                                                                                                          Page 6 of 13
APPENDIX                                                                                       2131 K STREET, NW
                                                                                                       Washington, DC

                Exhibit C: Lease Abstracts
Tenant                       The District Hospital Partners (d/b/a George Washington University Hospital)

Lease Date                   May 2, 2002

Suite                        410 and 600

Rentable Area                410            2,784    square feet (2,826 BOMA square feet)
                             600           10,486    square feet (10,848 BOMA square feet
                                           13,260    square feet (13,674 BOMA square feet)

Proportionate Share          410      Real Estate Taxes:       3.16%         Operating Expenses:      3.16%
                             600      Real Estate Taxes:       11.93%        Operating Expenses:      11.93%

Lease Term                   410      5 years
                             600      10 years

Commencement Date            410       February 1, 2008
                             600       February 1, 2006

Expiration                   410      January 31, 2013
                             600      January 31, 2018

Rent                                       Term                   $ / PSF           Monthly              Annual
                       410    02/01/08      -       01/31/09          $40.00          $9,280.00           $111,360.00
                              02/01/09      -       01/31/10          $41.10          $9,535.20           $114,422.40
                              02/01/10      -       01/31/11          $42.23          $9,797.36           $117,568.32
                              02/01/11      -       01/31/12          $43.39         $10,066.48           $120,797.76
                              02/01/12      -       01/31/13          $44.58         $10,342.56           $124,110.72

                       600    02/01/08      -       01/31/09            $38.50        $33,642.58          $403,711.00
                              02/01/09      -       01/31/10            $39.56        $34,568.85          $414,826.16
                              02/01/10      -       01/31/11            $40.65        $35,521.33          $426,255.90
                              02/01/11      -       01/31/12            $41.77        $36,500.02          $438,000.22
                              02/01/12      -       01/31/13            $42.92        $37,504.93          $450,059.12
                              02/01/13      -       01/31/14            $44.10        $38,536.05          $462,432.60
                              02/01/14      -       01/31/15            $45.31        $39,593.39          $475,120.66
                              02/01/15      -       01/31/16            $46.56        $40,685.68          $488,228.16
                              02/01/16      -       01/31/17            $47.84        $41,804.19          $501,650.24
                              02/01/17      -       01/31/18            $49.16        $42,957.65          $515,491.76

Type                         Full Service with Base Year Stop

Recoveries                   Tenant pays its prorata share of costs that exceed its Base Year Stop:
                             410     Real Estate Taxes         Base Year 2008 $               TBD
                                     Operating Expenses        Base Year 2008 $               TBD
                             600     Real Estate Taxes         Base Year 2008 $               TBD
                                     Operating Expenses        Base Year 2008 $               TBD
                                           Expenses may be grossed-up to 95% occupancy.
                                           Expenses exclude ground rent.


                                                                                           Exhibit C: Lease Abstracts
                                                                                                         Page 7 of 13
APPENDIX                                                                                      2131 K STREET, NW
                                                                                                    Washington, DC

                   Exhibit C: Lease Abstracts


                                                                                                  (CONTINUED)

Tenant                       The District Hospital Partners (d/b/a George Washington University Hospital)

Lease Date                   May 2, 2002

Suite                        410 and 600




Option to Renew              Suite 600 - One 5-year option at market with 12 months notice.

Cancellation Option          None

Right of First Option        Tenant has a first right of expansion on any space that becomes available in the
                             building subject to negotiating acceptable terms with owner.

Security Deposit             None.

Comments                     Parking: Tenant has the right to 13 parking contracts (3 for suite 410 and 10 for suite
                             600) at market rates, directly with the garage operator.
                             First Amendment To Office Lease Agreement                        Dated: 08/15/2007
                                      Tenant expanded into Ste 410 (2,784 sf) and extended term.




                                                                                         Exhibit C: Lease Abstracts
                                                                                                       Page 8 of 13
APPENDIX                                                                                       2131 K STREET, NW
                                                                                                       Washington, DC

                   Exhibit C: Lease Abstracts

Tenant                       The George Washington University

Lease Date                   July 5, 2000

Suite                        500

Rentable Area                7,403      square feet             (8,030 BOMA square feet)

Proportionate Share          Real Estate Taxes:          10.70%            Operating Expenses:        10.70%

Lease Term                   10 years

Commencement Date            November 1, 2000

Expiration                   October 31, 2010

Rent                                        Term                  $ / PSF          Monthly               Annual
                              11/01/07       -   10/31/08             $34.67        $21,388.89            $256,666.64
                              11/01/08       -   10/31/09             $35.54        $21,923.61            $263,083.30
                              11/01/09       -   10/31/10             $36.43        $22,471.70            $269,660.39

Type                         Full Service with Base Year Stop

Recoveries                   Tenant pays its prorata share of costs that exceed its Base Year Stop:
                                Real Estate Taxes        Base Year TY2006 $                295,532
                                Operating Expenses       Base Year 2006            $       889,801
                                   Expenses may be grossed-up to 95% occupancy.
                                   Expenses exclude ground rent.

Option to Renew              One 5-year option at market with 6 months notice

Cancellation Option          None.

Right of First Option        None.

Security Deposit             None.

Comments                     Parking: Tenant has the right to 5 parking contracts, at market rates, directly with the
                             garage operator.
                             First Amendment To Lease                                             Dated: 04/07/2005
                                      5-year extension of term, reset base years, re-established renewal option.




                                                                                           Exhibit C: Lease Abstracts
                                                                                                         Page 9 of 13
APPENDIX                                                                                       2131 K STREET, NW
                                                                                                       Washington, DC

                   Exhibit C: Lease Abstracts

Tenant                       The George Washington University

Lease Date                   February 21, 2003

Suite                        510

Rentable Area                2,503    square feet               (2,818 BOMA square feet)

Proportionate Share          Real Estate Taxes:          3.76%             Operating Expenses:        3.76%

Lease Term                   6 years, 8 months

Commencement Date            February 21, 2003

Expiration                   October 31, 2010

Rent                                     Term                     $ / PSF          Monthly               Annual
                              11/01/07    -   10/31/08                $34.67         $7,231.71            $86,780.57
                              11/01/08    -   10/31/09                $35.54         $7,412.51            $88,950.09
                              11/01/09    -   10/31/10                $36.43         $7,597.82            $91,173.84

Type                         Full Service with Base Year Stop

Recoveries                   Tenant pays its prorata share of costs that exceed its Base Year Stop:
                                Real Estate Taxes        Base Year TY2006 $                295,532
                                Operating Expenses       Base Year 2006            $       889,801
                                   Expenses may be grossed-up to 95% occupancy.
                                   Expenses exclude ground rent.

Option to Renew              One 5-year option at market with 6 months notice

Cancellation Option          None.

Right of First Option        None.

Security Deposit             Non.

Comments                     Parking: Tenant has the right to 3 parking contracts, at market rates, directly with the
                             garage operator.
                             First Amendment To Lease                                             Dated: 04/07/2005
                                      5-year extension of term, reset base years, re-established renewal option.




                                                                                           Exhibit C: Lease Abstracts
                                                                                                        Page 10 of 13
APPENDIX                                                                                       2131 K STREET, NW
                                                                                                       Washington, DC

                   Exhibit C: Lease Abstracts
Tenant                       Career Technical Institute, Inc. (d.b.a. Career Blazers)

Lease Date                   September 29, 2006

Suite                        700

Rentable Area                10,489      square feet            (10,852 BOMA square feet)

Proportionate Share          Real Estate Taxes:          12.98%            Operating Expenses:        12.98%

Lease Term                   5 years

Commencement Date            October 1, 2006

Expiration                   September 30, 2011

Rent                                       Term                   $ / PSF           Monthly              Annual
                              10/01/07      -     09/30/08            $36.90         $32,253.68           $387,044.10
                              10/01/08      -     09/30/09            $37.82         $33,060.17           $396,720.20
                              10/01/09      -     09/30/10            $38.77         $33,886.52           $406,638.21
                              10/01/10      -     09/30/11            $39.74         $34,733.68           $416,804.17

Type                         Full Service with Base Year Stop

Recoveries                   Tenant pays its prorata share of costs that exceed its Base Year Stop:
                                Real Estate Taxes        Base Year 2006              $     335,246
                                Operating Expenses       Base Year 2006              $     889,801
                                   Expenses may be grossed-up to 95% occupancy.
                                   Expenses exclude ground rent.

Option to Renew              One 5-year renewal option at market with 16 months notice

Cancellation Option          None.

Right of First Option        Tenant has a right to any available storage space at $20/sf.

Security Deposit             $94,401.00

Comments                     Parking: Tenant has the right to 7 parking contracts, at market rates, directly with the
                             garage operator.
                             First Amendment To Office Lease                                 Dated: 06/27/2007
                                      Addresses security deposit




                                                                                            Exhibit C: Lease Abstracts
                                                                                                         Page 11 of 13
APPENDIX                                                                                               2131 K STREET, NW
                                                                                                               Washington, DC

                Exhibit C: Lease Abstracts
Tenant                               Cardiology Associates, P.C.

Lease Date                           August 13, 2003

Suite                                800 (comprised of 800a & 800b due to expansion)

Rentable Area                        800             7,365   square feet (original premises) (7,671 BOMA square feet)
                                     801             2,888   square feet (expansion premises) (3,008 BOMA square feet)
                                                    10,253   square feet

Proportionate Share                  800         Real Estate Taxes:     9.94%      Operating Expenses:        9.94%
                                     801         Real Estate Taxes:     4.10%      Operating Expenses:        4.10%

Lease Term                           10 years, 5 months

Commencement Date                    800      December 1, 2003
                                     801      January 1, 2006

Expiration                           May 31, 2014

Rent                                             Term                    $ / PSF           Monthly               Annual
                        800 (orig)    12/01/07    -       11/30/08           $36.98         $22,695.08            $272,340.99
                                      12/01/08    -       11/30/09           $39.90         $24,489.96            $293,879.52
                                      12/01/09    -       11/30/10           $40.90         $25,102.21            $301,226.51
                                      12/01/10    -       11/30/11           $41.92         $25,729.76            $308,757.17
                                      12/01/11    -       11/30/12           $42.97         $26,373.01            $316,476.10
                                      12/01/12    -       05/31/14           $44.04         $27,032.33            $324,388.00


                      801 (expnsn)    01/01/08      -     12/31/08           $35.72            $8,596.91          $103,162.97
                                      01/01/09      -     12/31/09           $36.61            $8,811.84          $105,742.04
                                      01/01/10      -     12/31/10           $37.53            $9,032.13          $108,385.60
                                      01/01/11      -     12/31/11           $38.47            $9,257.94          $111,095.24
                                      01/01/12      -     12/31/12           $39.43            $9,489.38          $113,872.62
                                      01/01/13      -     12/31/13           $40.42            $9,726.62          $116,719.43
                                      01/01/14      -     05/31/14           $41.43            $9,969.79          $119,637.42

Type                                 Full Service with Base Year Stop

Recoveries                           Tenant pays its prorata share of costs that exceed its Base Year Stop:
                                     800    Real Estate Taxes       Base Year TY2004 $ 290,962
                                            Operating Expenses Base Year 2004                 $ 533,893
                                     801    Real Estate Taxes       Base Year TY2006 $ 295,532
                                            Operating Expenses Base Year 2006                 $ 889,801
                                                   Expenses may be grossed-up to 95% occupancy.
                                                   Expenses exclude ground rent.




                                                                                                   Exhibit C: Lease Abstracts
                                                                                                                Page 12 of 13
APPENDIX                                                                                   2131 K STREET, NW
                                                                                                  Washington, DC

                   Exhibit C: Lease Abstracts

                                                                                                (CONTINUED)

Tenant                       Cardiology Associates, P.C.

Lease Date                   August 13, 2003

Suite                        800 (comprised of 800a & 800b due to expansion)



Option to Renew              One 5-year option at market with 9 months notice

Cancellation Option          None.

Right of First Option        None.

Security Deposit             $300,000.00

Comments                     Parking: Tenant has the right to 10 parking contracts, at market rates, directly with
                             the garage operator.
                             First Amendment To Lease                                     Dated: 10/xx/2005
                                      Tenant expanded by 2,888 sf




                                                                                        Exhibit C: Lease Abstracts
                                                                                                     Page 13 of 13

								
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