SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF SANTA CLARA

Transcription

1 GREEN & HALL, LLP MICHAEL J. PEPEK, State Bar No mpepek@greenhall.com SAMUEL M. DANSKIN, State Bar No sdanskin@greenhall.com MICHAEL A. ERLINGER, State Bar No merlinger@greenhall.com 1851 East First Street, 10 th Floor Santa Ana, California Telephone: (714) Facsimile: (714) Attorneys for WESTERN NATIONAL CONSTRUCTION SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF SANTA CLARA CILKER APARTMENTS, LLC, vs. Plaintiff, WESTERN NATIONAL CONSTRUCTION, et al., Defendants. AND RELATED CROSS-ACTIONS CASE NO. 113CV DEFENDANT AND CROSS- COMPLAINANT WESTERN NATIONAL CONSTRUCTION'S NOTICE OF COMPLIANCE WITH THE CASE MANAGEMENT ORDER RE: DEPOSIT OF SECOND SUPPLEMENTAL EXPERT FILE DATE: June 14, 2016 JUDGE: Hon. Peter H. Kirwan DEPT.: 1 ACTION FILED: December 26, 2013 TRIAL DATE: July 11, TO ALL PARTIES AND THEIR ATTORNEYS OF RECORD: Defendant and Cross-Complainant Western National Construction ( Western ), in compliance with the Case Management Order, has electronically deposited supplemental expert files of Paul Habibi to the document depository, located at Aiken & Welch, 1 Kaiser Plaza, Suite 250, Street, Oakland California Please note that Western objects to the Case Management Order to the extent it calls for the deposit and production of documents and/or information protected by the attorney-client DEFENDANT AND CROSS-COMPLAINANT WESTERN NATIONAL CONSTRUCTION'S NOTICE OF COMPLIANCE WITH THE CASE MANAGEMENT ORDER RE: DEPOSIT OF EXPERT FILE P:\DOCS\Western Nat.Cilker\Discovery\CMO Discovery Responses\WNC\Ntc.Prod.Habibi Expert File.2nd Suppl.docx

2 privilege and/or the attorney work product doctrine. Further, Western s investigation and discovery into the facts and circumstances involved in this matter is ongoing. To the extent such investigation and discovery reveals information bearing upon Western s response to the Case Management Order, Western reserves the right to supplement and/or change its response. Subject to and without waiving the foregoing objections, Western has produced all relevant, responsive, non-privileged, non-publicly available documents within Western s possession, custody and control. Attached as Exhibit "A" are the supplemental job files. The deposited documents are as follows: Bates Range Description WNC-GA Repair Schedule - Details WNC-GA Repair Schedule, bldg A WNC-GA Repair Schedule, bldg B WNC-GA Documents Relied Upon WNC-GA WNC-GA WNC-GA DATED: June 14, 2016 OPP Depreciation Overview Property Information Publication (2014), Residential Rental Property GREEN & HALL, LLP Michael A. Erlinger Attorneys for WESTERN NATIONAL CONSTRUCTION 28 2 DEFENDANT AND CROSS-COMPLAINANT WESTERN NATIONAL CONSTRUCTION'S NOTICE OF COMPLIANCE WITH THE CASE MANAGEMENT ORDER RE: DEPOSIT OF EXPERT FILE P:\DOCS\Western Nat.Cilker\Discovery\CMO Discovery Responses\WNC\Ntc.Prod.Habibi Expert File.2nd Suppl.docx

3 EXHIBIT "A" 3 DEFENDANT AND CROSS-COMPLAINANT WESTERN NATIONAL CONSTRUCTION'S NOTICE OF COMPLIANCE WITH THE CASE MANAGEMENT ORDER RE: DEPOSIT OF EXPERT FILE P:\DOCS\Western Nat.Cilker\Discovery\CMO Discovery Responses\WNC\Ntc.Prod.Habibi Expert File.2nd Suppl.docx

4 ID Task Name Duration 1 TYPICAL CATWALK REPAIR 2 Scaffolding 5 days Jul 31, '16 Aug 7, '16 Aug 14, '16 F S T T S M W F S 3 Set up scaffolding 3 days 4 Provide traffic control 1 day 5 Obtain scaffolding inspection 1 day 6 Tenant vacate 7 days 7 A1 Typical Catwalk & 5 days 8 Provide barricades and traffic flow 1 day signage at work areas. Jackhammer hardrock and remove all components to sheathing. Haul off debris. Leave sheathing in place for safety purposes at the end of the day. Remove stucco and dispose. Remove wrought iron. 9 Perform necessary framing/structural repairs including replacement of damaged sheathing and structural members. Install sheetmetal, flashings, 1 day Page 1 WNC-GA

5 ID Task Name Duration 10 Install waterproofing. Door repairs. 1 day Stucco scratch & brown. 11 Install new hardrock in all repair areas. 1 day Complete stucco reinstallation. 12 Reinstall wrought iron. Paint stucco 1 day repair areas. 13 TYPICAL PRIVATE BALCONY REPAIR 5 days 14 Provide barricades and traffic flow signage 1 day at work areas. Jackhammer hardrock and remove all components to sheathing. Haul off debris. Leave sheathing in place for safety purposes at the end of the day. Remove stucco and dispose. Remove guardrail. 15 Perform necessary framing/structural repairs including replacement of damaged sheathing and structural members. Install sheetmetal, flashings, & blocking. 1 day 16 Install waterproofing. Door repairs. Stucco 1 day scratch & brown. 17 Install new hardrock in all repair areas. 1 day Complete stucco reinstallation. 18 Reinstall guardrails. Paint stucco repair areas. 1 day Jul 31, '16 Aug 7, '16 Aug 14, '16 F S T T S M W F S Page 2 WNC-GA

6 1 BUILDING A 100 days Mon 8/1/16 Fri 12/9/16 Jul 31, '16 Aug 7, '16 Aug 14, '16 Aug 21, '16 Aug 28, '16 Sep 4, '16 Sep 11, '16 F S T T S M W F S T T S M W F S T T S M W F S T 2 All Building A Roofing 29 days Mon 8/1/16 Fri 9/2/16 Repairs 3 1 Scaffolding set up (Units 301 to 303, 216 and driveway opening) 19 days Mon 8/1/16 Sat 8/20/16 4 A1 Tenant vacate: Units 216 & days Sun 8/7/16 Sat 8/13/16 5 A1 Catwalk, 8/8/16 Fri 8/12/16, & 6 A2 Tenant vacate: Units 302 & days Sun 8/14/16 Sat 8/20/16 7 A2 Catwalk & Fri 8/19/16 8/15/ Scaffolding set up (Units 305 to 306, and 201 to 204) 27 days Mon 8/15/16 Sat 9/17/16 9 A3 Tenant vacate: Unit 305 & days Sun 8/21/16 Sat 8/27/16 10 A3 Catwalk & 8/22/16 Fri 8/26/16 11 A4 Tenant vacate: Units 201 & days Sun 8/28/16 Sat 9/3/16 12 A4 Catwalk & Fri 9/2/16 8/29/16 13 A5 Tenant vacate: Unit 203 & days Sun 9/4/16 Sat 9/10/16 14 A5 Catwalk & 9/5/16 Fri 9/9/ Scaffolding set up (Units 307 to 312, and 37 days Sun 9/11/16 Sat 10/29/ to 210) 16 A6 Tenant vacate: Unit 205 & days Sun 9/11/16 Sat 9/17/16 17 A6 Catwalk & 9/12/16 Fri 9/16/16 18 A6 Repair Stairs on Fri 9/16/16 2nd & 3rd floors 9/12/16 Task Project Summary Manual Task Start-only Deadline Project: Simple Project Plan Date: Wed 6/8/16 Split Milestone Inactive Task Inactive Milestone Duration-only Manual Summary Rollup Finish-only External Tasks Progress Manual Progress Summary Inactive Summary Manual Summary External Milestone Page 1 WNC-GA

7 1 BUILDING A 100 days Mon 8/1/16 Fri 12/9/16 Sep 18, '16 Sep 25, '16 Oct 2, '16 Oct 9, '16 Oct 16, '16 Oct 23, '16 Oct 30, '16 T S M W F S T T S M W F S T T S M W F S T T S M 2 All Building A Roofing 29 days Mon 8/1/16 Fri 9/2/16 Repairs 3 1 Scaffolding set up (Units 301 to 303, 216 and driveway opening) 19 days Mon 8/1/16 Sat 8/20/16 4 A1 Tenant vacate: Units 216 & days Sun 8/7/16 Sat 8/13/16 5 A1 Catwalk, 8/8/16 Fri 8/12/16, & 6 A2 Tenant vacate: Units 302 & days Sun 8/14/16 Sat 8/20/16 7 A2 Catwalk & Fri 8/19/16 8/15/ Scaffolding set up (Units 305 to 306, and 201 to 204) 27 days Mon 8/15/16 Sat 9/17/16 9 A3 Tenant vacate: Unit 305 & days Sun 8/21/16 Sat 8/27/16 10 A3 Catwalk & 8/22/16 Fri 8/26/16 11 A4 Tenant vacate: Units 201 & days Sun 8/28/16 Sat 9/3/16 12 A4 Catwalk & Fri 9/2/16 8/29/16 13 A5 Tenant vacate: Unit 203 & days Sun 9/4/16 Sat 9/10/16 14 A5 Catwalk & 9/5/16 Fri 9/9/ Scaffolding set up (Units 307 to 312, and 37 days Sun 9/11/16 Sat 10/29/ to 210) 16 A6 Tenant vacate: Unit 205 & days Sun 9/11/16 Sat 9/17/16 17 A6 Catwalk & 9/12/16 Fri 9/16/16 18 A6 Repair Stairs on Fri 9/16/16 2nd & 3rd floors 9/12/16 Task Project Summary Manual Task Start-only Deadline Project: Simple Project Plan Date: Wed 6/8/16 Split Milestone Inactive Task Inactive Milestone Duration-only Manual Summary Rollup Finish-only External Tasks Progress Manual Progress Summary Inactive Summary Manual Summary External Milestone Page 4 WNC-GA

8 19 A7 Tenant vacate: Units 205 & days Sun 9/18/16 Sat 9/24/16 20 A7 Catwalk & 9/19/16 Fri 9/23/16 21 A8 Tenant vacate: Units 206 & days Sun 9/25/16 Sat 10/1/16 22 A8 Catwalk & 9/26/16 Fri 9/30/16 23 A9 Tenant vacate: Units 207 & days Sun 10/2/16 Sat 10/8/16 24 A9 Catwalk & 10/3/16 Fri 10/7/16 25 A10 Tenant vacate: 7 days Sun 10/9/16 Sat Units 208, 310 & /15/16 26 A10 Catwalk & Fri 10/14/16 10/10/16 27 A10 New drain Unit day Wed 10/12/16 Wed 10/12/16 28 A11 Tenant vacate: 7 days Sun Sat Units 209 & /16/16 10/22/16 29 A11 Catwalk & 10/17/16 Fri 10/21/16 30 A11 New drain Units 209 & Scaffolding set up (Units 312 to 316, and 210 to 215) 32 A12 Tenant vacate: Units 210 & A12 Catwalk & 34 A12 New drain Unit day Wed 10/19/16 41 days Mon 10/24/16 7 days Sun 10/23/16 10/24/16 1 day Wed 10/26/16 Wed 10/19/16 Fri 12/16/16 Sat 10/29/16 Fri 10/28/16 Wed 10/26/16 35 A13 Tenant vacate: 7 days Sun Sat 11/5/16 Units 211 & /30/16 36 A13 Catwalk & 10/31/16 Fri 11/4/16 37 A14 Tenant vacate: 7 days Sun 11/6/16 Sat Units 212 & /12/16 Sep 18, '16 Sep 25, '16 Oct 2, '16 Oct 9, '16 Oct 16, '16 Oct 23, '16 Oct 30, '16 T S M W F S T T S M W F S T T S M W F S T T S M Task Project Summary Manual Task Start-only Deadline Project: Simple Project Plan Date: Wed 6/8/16 Split Milestone Inactive Task Inactive Milestone Duration-only Manual Summary Rollup Finish-only External Tasks Progress Manual Progress Summary Inactive Summary Manual Summary External Milestone Page 5 WNC-GA

9 1 BUILDING A 100 days Mon 8/1/16 Fri 12/9/16 Nov 6, '16 Nov 13, '16 Nov 20, '16 Nov 27, '16 Dec 4, '16 Dec 11, '16 Dec 18, '1 W F S T T S M W F S T T S M W F S T T S M W F S 2 All Building A Roofing 29 days Mon 8/1/16 Fri 9/2/16 Repairs 3 1 Scaffolding set up (Units 301 to 303, 216 and driveway opening) 19 days Mon 8/1/16 Sat 8/20/16 4 A1 Tenant vacate: Units 216 & days Sun 8/7/16 Sat 8/13/16 5 A1 Catwalk, 8/8/16 Fri 8/12/16, & 6 A2 Tenant vacate: Units 302 & days Sun 8/14/16 Sat 8/20/16 7 A2 Catwalk & Fri 8/19/16 8/15/ Scaffolding set up (Units 305 to 306, and 201 to 204) 27 days Mon 8/15/16 Sat 9/17/16 9 A3 Tenant vacate: Unit 305 & days Sun 8/21/16 Sat 8/27/16 10 A3 Catwalk & 8/22/16 Fri 8/26/16 11 A4 Tenant vacate: Units 201 & days Sun 8/28/16 Sat 9/3/16 12 A4 Catwalk & Fri 9/2/16 8/29/16 13 A5 Tenant vacate: Unit 203 & days Sun 9/4/16 Sat 9/10/16 14 A5 Catwalk & 9/5/16 Fri 9/9/ Scaffolding set up (Units 307 to 312, and 37 days Sun 9/11/16 Sat 10/29/ to 210) 16 A6 Tenant vacate: Unit 205 & days Sun 9/11/16 Sat 9/17/16 17 A6 Catwalk & 9/12/16 Fri 9/16/16 18 A6 Repair Stairs on Fri 9/16/16 2nd & 3rd floors 9/12/16 Task Project Summary Manual Task Start-only Deadline Project: Simple Project Plan Date: Wed 6/8/16 Split Milestone Inactive Task Inactive Milestone Duration-only Manual Summary Rollup Finish-only External Tasks Progress Manual Progress Summary Inactive Summary Manual Summary External Milestone Page 6 WNC-GA

10 19 A7 Tenant vacate: Units 205 & days Sun 9/18/16 Sat 9/24/16 20 A7 Catwalk & 9/19/16 Fri 9/23/16 21 A8 Tenant vacate: Units 206 & days Sun 9/25/16 Sat 10/1/16 22 A8 Catwalk & 9/26/16 Fri 9/30/16 23 A9 Tenant vacate: Units 207 & days Sun 10/2/16 Sat 10/8/16 24 A9 Catwalk & 10/3/16 Fri 10/7/16 25 A10 Tenant vacate: 7 days Sun 10/9/16 Sat Units 208, 310 & /15/16 26 A10 Catwalk & Fri 10/14/16 10/10/16 27 A10 New drain Unit day Wed 10/12/16 Wed 10/12/16 28 A11 Tenant vacate: 7 days Sun Sat Units 209 & /16/16 10/22/16 29 A11 Catwalk & 10/17/16 Fri 10/21/16 30 A11 New drain Units 209 & Scaffolding set up (Units 312 to 316, and 210 to 215) 32 A12 Tenant vacate: Units 210 & A12 Catwalk & 34 A12 New drain Unit day Wed 10/19/16 41 days Mon 10/24/16 7 days Sun 10/23/16 10/24/16 1 day Wed 10/26/16 Wed 10/19/16 Fri 12/16/16 Sat 10/29/16 Fri 10/28/16 Wed 10/26/16 35 A13 Tenant vacate: 7 days Sun Sat 11/5/16 Units 211 & /30/16 36 A13 Catwalk & 10/31/16 Fri 11/4/16 37 A14 Tenant vacate: 7 days Sun 11/6/16 Sat Units 212 & /12/16 Nov 6, '16 Nov 13, '16 Nov 20, '16 Nov 27, '16 Dec 4, '16 Dec 11, '16 Dec 18, '1 W F S T T S M W F S T T S M W F S T T S M W F S Task Project Summary Manual Task Start-only Deadline Project: Simple Project Plan Date: Wed 6/8/16 Split Milestone Inactive Task Inactive Milestone Duration-only Manual Summary Rollup Finish-only External Tasks Progress Manual Progress Summary Inactive Summary Manual Summary External Milestone Page 7 WNC-GA

11 38 A14 Catwalk & 11/7/16 39 A15 Tenant vacate: 7 days Sun Units 213 & /13/16 40 A15 Catwalk & 11/14/16 41 Thanksgiving Week No Work 42 A16 Tenant 7 days Sun vacate: Units /27/16 43 A16 Catwalk & 11/28/16 44 Primary garage pier repairs on L1 & L11 11/28/16 structural repairs 45 Intermediate garage pier repairs on Level 1 12/5/16 46 Stucco weep screed repairs on Level 1 12/5/16 Fri 11/11/16 Sat 11/19/16 Fri 11/18/16 Sat 12/3/16 Fri 12/2/16 Fri 12/2/16 Fri 12/9/16 Fri 12/9/16 Nov 6, '16 Nov 13, '16 Nov 20, '16 Nov 27, '16 Dec 4, '16 Dec 11, '16 Dec 18, '1 W F S T T S M W F S T T S M W F S T T S M W F S Task Project Summary Manual Task Start-only Deadline Project: Simple Project Plan Date: Wed 6/8/16 Split Milestone Inactive Task Inactive Milestone Duration-only Manual Summary Rollup Finish-only External Tasks Progress Manual Progress Summary Inactive Summary Manual Summary External Milestone Page 8 WNC-GA

12 1 BUILDING B 28 1/2/17 Fri 2/2/18 6 Jan 1, '17 Jan 8, '17 Jan 15, '17 Jan 22, '17 Jan 29, '17 Feb 5, '17 Feb 12, '17 Feb 19, '17 W F S T T S M W F S T T S M W F S T T S M W F S T T S M W 2 All Building B Roofing Repairs 3 1 Scaffolding set up (Units 201 to 210, and 301 to 310) 4 B1 Tenant vacate: Units 301 to Catwalk, Private 6 B2 Tenant vacate: Units 201 to Catwalk, Private 8 B3 Tenant vacate: Units 306 to Catwalk, Private 10 B4 Tenant vacate: Units Catwalk, Private 12 2 Scaffolding set up (Units 212 to 214, 312 to 3146, open elevators, and 242 to 245, and 345 to 348) 13 B5 Tenant vacate: Units 311 to Catwalk, Private 15 B6 Tenant vacate: Units 211 to Catwalk, Private 17 B7 Tenant vacate: Units 345 to Catwalk, Private 29 days Mon 1/2/17 Thu 2/9/17 26 days Mon 2/6/17 Sat 3/11/17 7 days Sun 2/12/17 Sat 2/18/17 2/13/17 Fri 2/17/17 7 days Sun 2/19/17 Sat 2/25/17 2/20/17 Fri 2/24/17 7 days Sun 2/26/17 Sat 3/4/17 2/27/17 Fri 3/3/17 7 days Sun 3/5/17 Sat 3/11/17 3/6/17 Fri 3/10/17 26 days Mon 3/6/17 Sat 4/8/17 7 days Sun 3/12/17 Sat 3/18/17 3/13/17 Fri 3/17/17 7 days Sun 3/19/17 Sat 3/25/17 3/20/17 Fri 3/24/17 7 days Sun 3/26/17 Sat 4/1/17 3/27/17 Fri 3/31/17 Page 1 WNC-GA

13 1 BUILDING B 28 1/2/17 Fri 2/2/18 Feb 26, '17 Mar 5, '17 Mar 12, '17 Mar 19, '17 Mar 26, '17 Apr 2, '17 Apr 9, '17 Apr 16, '17 F S T T S M W F S T T S M W F S T T S M W F S T T S M W F 2 All Building B Roofing Repairs 3 1 Scaffolding set up (Units 201 to 210, and 301 to 310) 4 B1 Tenant vacate: Units 301 to Catwalk, Private 6 B2 Tenant vacate: Units 201 to Catwalk, Private 8 B3 Tenant vacate: Units 306 to Catwalk, Private 10 B4 Tenant vacate: Units Catwalk, Private 12 2 Scaffolding set up (Units 212 to 214, 312 to 3146, open elevators, and 242 to 245, and 345 to 348) 13 B5 Tenant vacate: Units 311 to Catwalk, Private 15 B6 Tenant vacate: Units 211 to Catwalk, Private 17 B7 Tenant vacate: Units 345 to Catwalk, Private 29 days Mon 1/2/17 Thu 2/9/17 26 days Mon 2/6/17 Sat 3/11/17 7 days Sun 2/12/17 Sat 2/18/17 2/13/17 Fri 2/17/17 7 days Sun 2/19/17 Sat 2/25/17 2/20/17 Fri 2/24/17 7 days Sun 2/26/17 Sat 3/4/17 2/27/17 Fri 3/3/17 7 days Sun 3/5/17 Sat 3/11/17 3/6/17 Fri 3/10/17 26 days Mon 3/6/17 Sat 4/8/17 7 days Sun 3/12/17 Sat 3/18/17 3/13/17 Fri 3/17/17 7 days Sun 3/19/17 Sat 3/25/17 3/20/17 Fri 3/24/17 7 days Sun 3/26/17 Sat 4/1/17 3/27/17 Fri 3/31/17 Page 5 WNC-GA

14 19 B8 Tenant vacate: Unit 242 to days Sun 4/2/17 Sat 4/8/17 20 Catwalk, Private 4/3/17 Fri 4/7/ Scaffolding set up (Units 315 to 344, and 216 to 241) 56 days Mon 4/3/17 Sat 6/17/17 22 B9 Tenant vacate: 7 days Sun 4/9/17 Sat 4/15/17 Unit 315 to Catwalk, Private 4/10/17 Fri 4/14/17 24 B10 Tenant vacate: 7 days Sun 4/16/17 Sat 4/22/17 Unit 215 to Catwalk, Private 4/17/17 Fri 4/21/17 26 B11 Tenant vacate: 7 days Sun 4/23/17 Sat 4/29/17 Units 320 to Catwalk, Private 4/24/17 Fri 4/28/17 28 B12 Tenant vacate: 7 days Sun 4/30/17 Sat 5/6/17 Unit 219 to Catwalk, Private 5/1/17 Fri 5/5/17 30 B13 Tenant vacate: 7 days Sun 5/7/17 Sat 5/13/17 Units 341 to Catwalk, Private 5/8/17 Fri 5/12/17 32 B14 Tenant vacate: 7 days Sun 5/14/17 Sat 5/20/17 Unit 238 to Catwalk, Private 5/15/17 Fri 5/19/17 34 B15 Tenant vacate: 7 days Sun 5/21/17 Sat 5/27/17 Units 338 to Catwalk, Private 5/22/17 Fri 5/26/17 36 B16 Tenant vacate: 7 days Sun 5/28/17 Sat 6/3/17 Unit 235 to Catwalk, Private 5/29/17 Fri 6/2/17 Feb 26, '17 Mar 5, '17 Mar 12, '17 Mar 19, '17 Mar 26, '17 Apr 2, '17 Apr 9, '17 Apr 16, '17 F S T T S M W F S T T S M W F S T T S M W F S T T S M W F Page 6 WNC-GA

15 1 BUILDING B 28 1/2/17 Fri 2/2/18 Apr 23, '17 Apr 30, '17 May 7, '17 May 14, '17 May 21, '17 May 28, '17 Jun 4, '17 Jun 11, '17 Jun 18, S T T S M W F S T T S M W F S T T S M W F S T T S M W F S 2 All Building B Roofing Repairs 3 1 Scaffolding set up (Units 201 to 210, and 301 to 310) 4 B1 Tenant vacate: Units 301 to Catwalk, Private 6 B2 Tenant vacate: Units 201 to Catwalk, Private 8 B3 Tenant vacate: Units 306 to Catwalk, Private 10 B4 Tenant vacate: Units Catwalk, Private 12 2 Scaffolding set up (Units 212 to 214, 312 to 3146, open elevators, and 242 to 245, and 345 to 348) 13 B5 Tenant vacate: Units 311 to Catwalk, Private 15 B6 Tenant vacate: Units 211 to Catwalk, Private 17 B7 Tenant vacate: Units 345 to Catwalk, Private 29 days Mon 1/2/17 Thu 2/9/17 26 days Mon 2/6/17 Sat 3/11/17 7 days Sun 2/12/17 Sat 2/18/17 2/13/17 Fri 2/17/17 7 days Sun 2/19/17 Sat 2/25/17 2/20/17 Fri 2/24/17 7 days Sun 2/26/17 Sat 3/4/17 2/27/17 Fri 3/3/17 7 days Sun 3/5/17 Sat 3/11/17 3/6/17 Fri 3/10/17 26 days Mon 3/6/17 Sat 4/8/17 7 days Sun 3/12/17 Sat 3/18/17 3/13/17 Fri 3/17/17 7 days Sun 3/19/17 Sat 3/25/17 3/20/17 Fri 3/24/17 7 days Sun 3/26/17 Sat 4/1/17 3/27/17 Fri 3/31/17 Page 7 WNC-GA

16 19 B8 Tenant vacate: Unit 242 to days Sun 4/2/17 Sat 4/8/17 20 Catwalk, Private 4/3/17 Fri 4/7/ Scaffolding set up (Units 315 to 344, and 216 to 241) 56 days Mon 4/3/17 Sat 6/17/17 22 B9 Tenant vacate: 7 days Sun 4/9/17 Sat 4/15/17 Unit 315 to Catwalk, Private 4/10/17 Fri 4/14/17 24 B10 Tenant vacate: 7 days Sun 4/16/17 Sat 4/22/17 Unit 215 to Catwalk, Private 4/17/17 Fri 4/21/17 26 B11 Tenant vacate: 7 days Sun 4/23/17 Sat 4/29/17 Units 320 to Catwalk, Private 4/24/17 Fri 4/28/17 28 B12 Tenant vacate: 7 days Sun 4/30/17 Sat 5/6/17 Unit 219 to Catwalk, Private 5/1/17 Fri 5/5/17 30 B13 Tenant vacate: 7 days Sun 5/7/17 Sat 5/13/17 Units 341 to Catwalk, Private 5/8/17 Fri 5/12/17 32 B14 Tenant vacate: 7 days Sun 5/14/17 Sat 5/20/17 Unit 238 to Catwalk, Private 5/15/17 Fri 5/19/17 34 B15 Tenant vacate: 7 days Sun 5/21/17 Sat 5/27/17 Units 338 to Catwalk, Private 5/22/17 Fri 5/26/17 36 B16 Tenant vacate: 7 days Sun 5/28/17 Sat 6/3/17 Unit 235 to Catwalk, Private 5/29/17 Fri 6/2/17 Apr 23, '17 Apr 30, '17 May 7, '17 May 14, '17 May 21, '17 May 28, '17 Jun 4, '17 Jun 11, '17 Jun 18, S T T S M W F S T T S M W F S T T S M W F S T T S M W F S Page 8 WNC-GA

17 38 B17 Tenant vacate: 7 days Sun 6/4/17 Sat 6/10/17 Units 335 to Catwalk, Private 6/5/17 Fri 6/9/17 40 B18 Tenant vacate: 7 days Sun 6/11/17 Sat 6/17/17 Units 232 to Catwalk, Private Fri 6/16/17 6/12/ Scaffolding set up (Units 323 to 334, and 222 to 231) 51 days Mon 6/12/17 Sat 8/19/17 43 B19 Tenant vacate: 7 days Sun 6/18/17 Sat 6/24/17 Units 323 to Catwalk, Private 6/19/17 Fri 6/23/17 45 B20 Tenant vacate: 7 days Sun 6/25/17 Sat 7/1/17 Units 222 to Catwalk, Private Fri 6/30/17 6/26/17 47 NO WORK INDEPENDECE 48 B21 Tenant vacate: 7 days Sun 7/9/17 Sat 7/15/17 Units 326 to Catwalk, Private 7/10/17 Fri 7/14/17 50 B22 Tenant vacate: 7 days Sun 7/16/17 Sat 7/22/17 Units 224 to Catwalk, Private 52 B23 Tenant vacate: Units 329 to Catwalk, Private 54 B24 Tenant vacate: Units Catwalk, Private 56 B25 Tenant vacate: Units 332 7/17/17 Fri 7/21/17 7 days Sun 7/23/17 Sat 7/29/17 7/24/17 Fri 7/28/17 7 days Sun 7/30/17 Sat 8/5/17 7/31/17 Fri 8/4/17 7 days Sun 8/6/17 Sat 8/12/17 Apr 23, '17 Apr 30, '17 May 7, '17 May 14, '17 May 21, '17 May 28, '17 Jun 4, '17 Jun 11, '17 Jun 18, S T T S M W F S T T S M W F S T T S M W F S T T S M W F S Page 9 WNC-GA

18 1 BUILDING B 28 1/2/17 Fri 2/2/18 '17 Jun 25, '17 Jul 2, '17 Jul 9, '17 Jul 16, '17 Jul 23, '17 Jul 30, '17 Aug 6, '17 Aug 13, '17 T T S M W F S T T S M W F S T T S M W F S T T S M W F S T 2 All Building B Roofing Repairs 3 1 Scaffolding set up (Units 201 to 210, and 301 to 310) 4 B1 Tenant vacate: Units 301 to Catwalk, Private 6 B2 Tenant vacate: Units 201 to Catwalk, Private 8 B3 Tenant vacate: Units 306 to Catwalk, Private 10 B4 Tenant vacate: Units Catwalk, Private 12 2 Scaffolding set up (Units 212 to 214, 312 to 3146, open elevators, and 242 to 245, and 345 to 348) 13 B5 Tenant vacate: Units 311 to Catwalk, Private 15 B6 Tenant vacate: Units 211 to Catwalk, Private 17 B7 Tenant vacate: Units 345 to Catwalk, Private 29 days Mon 1/2/17 Thu 2/9/17 26 days Mon 2/6/17 Sat 3/11/17 7 days Sun 2/12/17 Sat 2/18/17 2/13/17 Fri 2/17/17 7 days Sun 2/19/17 Sat 2/25/17 2/20/17 Fri 2/24/17 7 days Sun 2/26/17 Sat 3/4/17 2/27/17 Fri 3/3/17 7 days Sun 3/5/17 Sat 3/11/17 3/6/17 Fri 3/10/17 26 days Mon 3/6/17 Sat 4/8/17 7 days Sun 3/12/17 Sat 3/18/17 3/13/17 Fri 3/17/17 7 days Sun 3/19/17 Sat 3/25/17 3/20/17 Fri 3/24/17 7 days Sun 3/26/17 Sat 4/1/17 3/27/17 Fri 3/31/17 Page 10 WNC-GA

19 38 B17 Tenant vacate: 7 days Sun 6/4/17 Sat 6/10/17 Units 335 to Catwalk, Private 6/5/17 Fri 6/9/17 40 B18 Tenant vacate: 7 days Sun 6/11/17 Sat 6/17/17 Units 232 to Catwalk, Private Fri 6/16/17 6/12/ Scaffolding set up (Units 323 to 334, and 222 to 231) 51 days Mon 6/12/17 Sat 8/19/17 43 B19 Tenant vacate: 7 days Sun 6/18/17 Sat 6/24/17 Units 323 to Catwalk, Private 6/19/17 Fri 6/23/17 45 B20 Tenant vacate: 7 days Sun 6/25/17 Sat 7/1/17 Units 222 to Catwalk, Private Fri 6/30/17 6/26/17 47 NO WORK INDEPENDECE 48 B21 Tenant vacate: 7 days Sun 7/9/17 Sat 7/15/17 Units 326 to Catwalk, Private 7/10/17 Fri 7/14/17 50 B22 Tenant vacate: 7 days Sun 7/16/17 Sat 7/22/17 Units 224 to Catwalk, Private 52 B23 Tenant vacate: Units 329 to Catwalk, Private 54 B24 Tenant vacate: Units Catwalk, Private 56 B25 Tenant vacate: Units 332 7/17/17 Fri 7/21/17 7 days Sun 7/23/17 Sat 7/29/17 7/24/17 Fri 7/28/17 7 days Sun 7/30/17 Sat 8/5/17 7/31/17 Fri 8/4/17 7 days Sun 8/6/17 Sat 8/12/17 '17 Jun 25, '17 Jul 2, '17 Jul 9, '17 Jul 16, '17 Jul 23, '17 Jul 30, '17 Aug 6, '17 Aug 13, '17 T T S M W F S T T S M W F S T T S M W F S T T S M W F S T Page 11 WNC-GA

20 57 Catwalk, Private 8/7/17 Fri 8/11/17 58 B26 Tenant vacate: Units days Sun 8/13/17 Sat 8/19/17 59 Catwalk, Private Fri 8/18/17 8/14/17 60 Podium perimeter planter termination repair 27 days Mon 8/21/17 Tue 9/26/17 61 Vertical channel screed 8 days Wed Fri 10/6/17 repairs at utility closet stacks 9/27/17 62 Window repairs 36 days Mon 8/21/17Mon 10/9/17 63 Podium level paver 5 Fri 12/22/17 repairs, planter interface repairs, and drains. Podium 10/9/17 64 NO WORK CHRISTMAS WEEK 12/25/17 Fri 12/29/17 65 NO WORK NEW 1/1/18 Fri 1/5/18 YEARS WEEK 66 Podium level paver repairs, planter interface repairs, and drains. Podium 20 days Mon 1/8/18 Fri 2/2/18 '17 Jun 25, '17 Jul 2, '17 Jul 9, '17 Jul 16, '17 Jul 23, '17 Jul 30, '17 Aug 6, '17 Aug 13, '17 T T S M W F S T T S M W F S T T S M W F S T T S M W F S T Page 12 WNC-GA

21 1 BUILDING B 28 1/2/17 Fri 2/2/18 Aug 20, '17 Aug 27, '17 Sep 3, '17 Sep 10, '17 Sep 17, '17 Sep 24, '17 Oct 1, '17 Oct 8, '17 T S M W F S T T S M W F S T T S M W F S T T S M W F S T T 2 All Building B Roofing Repairs 3 1 Scaffolding set up (Units 201 to 210, and 301 to 310) 4 B1 Tenant vacate: Units 301 to Catwalk, Private 6 B2 Tenant vacate: Units 201 to Catwalk, Private 8 B3 Tenant vacate: Units 306 to Catwalk, Private 10 B4 Tenant vacate: Units Catwalk, Private 12 2 Scaffolding set up (Units 212 to 214, 312 to 3146, open elevators, and 242 to 245, and 345 to 348) 13 B5 Tenant vacate: Units 311 to Catwalk, Private 15 B6 Tenant vacate: Units 211 to Catwalk, Private 17 B7 Tenant vacate: Units 345 to Catwalk, Private 29 days Mon 1/2/17 Thu 2/9/17 26 days Mon 2/6/17 Sat 3/11/17 7 days Sun 2/12/17 Sat 2/18/17 2/13/17 Fri 2/17/17 7 days Sun 2/19/17 Sat 2/25/17 2/20/17 Fri 2/24/17 7 days Sun 2/26/17 Sat 3/4/17 2/27/17 Fri 3/3/17 7 days Sun 3/5/17 Sat 3/11/17 3/6/17 Fri 3/10/17 26 days Mon 3/6/17 Sat 4/8/17 7 days Sun 3/12/17 Sat 3/18/17 3/13/17 Fri 3/17/17 7 days Sun 3/19/17 Sat 3/25/17 3/20/17 Fri 3/24/17 7 days Sun 3/26/17 Sat 4/1/17 3/27/17 Fri 3/31/17 Page 13 WNC-GA

22 38 B17 Tenant vacate: 7 days Sun 6/4/17 Sat 6/10/17 Units 335 to Catwalk, Private 6/5/17 Fri 6/9/17 40 B18 Tenant vacate: 7 days Sun 6/11/17 Sat 6/17/17 Units 232 to Catwalk, Private Fri 6/16/17 6/12/ Scaffolding set up (Units 323 to 334, and 222 to 231) 51 days Mon 6/12/17 Sat 8/19/17 43 B19 Tenant vacate: 7 days Sun 6/18/17 Sat 6/24/17 Units 323 to Catwalk, Private 6/19/17 Fri 6/23/17 45 B20 Tenant vacate: 7 days Sun 6/25/17 Sat 7/1/17 Units 222 to Catwalk, Private Fri 6/30/17 6/26/17 47 NO WORK INDEPENDECE 48 B21 Tenant vacate: 7 days Sun 7/9/17 Sat 7/15/17 Units 326 to Catwalk, Private 7/10/17 Fri 7/14/17 50 B22 Tenant vacate: 7 days Sun 7/16/17 Sat 7/22/17 Units 224 to Catwalk, Private 52 B23 Tenant vacate: Units 329 to Catwalk, Private 54 B24 Tenant vacate: Units Catwalk, Private 56 B25 Tenant vacate: Units 332 7/17/17 Fri 7/21/17 7 days Sun 7/23/17 Sat 7/29/17 7/24/17 Fri 7/28/17 7 days Sun 7/30/17 Sat 8/5/17 7/31/17 Fri 8/4/17 7 days Sun 8/6/17 Sat 8/12/17 Aug 20, '17 Aug 27, '17 Sep 3, '17 Sep 10, '17 Sep 17, '17 Sep 24, '17 Oct 1, '17 Oct 8, '17 T S M W F S T T S M W F S T T S M W F S T T S M W F S T T Page 14 WNC-GA

23 57 Catwalk, Private 8/7/17 Fri 8/11/17 58 B26 Tenant vacate: Units days Sun 8/13/17 Sat 8/19/17 59 Catwalk, Private Fri 8/18/17 8/14/17 60 Podium perimeter planter termination repair 27 days Mon 8/21/17 Tue 9/26/17 61 Vertical channel screed 8 days Wed Fri 10/6/17 repairs at utility closet stacks 9/27/17 62 Window repairs 36 days Mon 8/21/17Mon 10/9/17 63 Podium level paver 5 Fri 12/22/17 repairs, planter interface repairs, and drains. Podium 10/9/17 64 NO WORK CHRISTMAS WEEK 12/25/17 Fri 12/29/17 65 NO WORK NEW 1/1/18 Fri 1/5/18 YEARS WEEK 66 Podium level paver repairs, planter interface repairs, and drains. Podium 20 days Mon 1/8/18 Fri 2/2/18 Aug 20, '17 Aug 27, '17 Sep 3, '17 Sep 10, '17 Sep 17, '17 Sep 24, '17 Oct 1, '17 Oct 8, '17 T S M W F S T T S M W F S T T S M W F S T T S M W F S T T Page 15 WNC-GA

24 1 BUILDING B 28 1/2/17 Fri 2/2/18 Oct 15, '17 Oct 22, '17 Oct 29, '17 Nov 5, '17 Nov 12, '17 Nov 19, '17 Nov 26, '17 Dec 3, '17 Dec S M W F S T T S M W F S T T S M W F S T T S M W F S T T S 2 All Building B Roofing Repairs 3 1 Scaffolding set up (Units 201 to 210, and 301 to 310) 4 B1 Tenant vacate: Units 301 to Catwalk, Private 6 B2 Tenant vacate: Units 201 to Catwalk, Private 8 B3 Tenant vacate: Units 306 to Catwalk, Private 10 B4 Tenant vacate: Units Catwalk, Private 12 2 Scaffolding set up (Units 212 to 214, 312 to 3146, open elevators, and 242 to 245, and 345 to 348) 13 B5 Tenant vacate: Units 311 to Catwalk, Private 15 B6 Tenant vacate: Units 211 to Catwalk, Private 17 B7 Tenant vacate: Units 345 to Catwalk, Private 29 days Mon 1/2/17 Thu 2/9/17 26 days Mon 2/6/17 Sat 3/11/17 7 days Sun 2/12/17 Sat 2/18/17 2/13/17 Fri 2/17/17 7 days Sun 2/19/17 Sat 2/25/17 2/20/17 Fri 2/24/17 7 days Sun 2/26/17 Sat 3/4/17 2/27/17 Fri 3/3/17 7 days Sun 3/5/17 Sat 3/11/17 3/6/17 Fri 3/10/17 26 days Mon 3/6/17 Sat 4/8/17 7 days Sun 3/12/17 Sat 3/18/17 3/13/17 Fri 3/17/17 7 days Sun 3/19/17 Sat 3/25/17 3/20/17 Fri 3/24/17 7 days Sun 3/26/17 Sat 4/1/17 3/27/17 Fri 3/31/17 Page 16 WNC-GA

25 57 Catwalk, Private 8/7/17 Fri 8/11/17 58 B26 Tenant vacate: Units days Sun 8/13/17 Sat 8/19/17 59 Catwalk, Private Fri 8/18/17 8/14/17 60 Podium perimeter planter termination repair 27 days Mon 8/21/17 Tue 9/26/17 61 Vertical channel screed 8 days Wed Fri 10/6/17 repairs at utility closet stacks 9/27/17 62 Window repairs 36 days Mon 8/21/17Mon 10/9/17 63 Podium level paver 5 Fri 12/22/17 repairs, planter interface repairs, and drains. Podium 10/9/17 64 NO WORK CHRISTMAS WEEK 12/25/17 Fri 12/29/17 65 NO WORK NEW 1/1/18 Fri 1/5/18 YEARS WEEK 66 Podium level paver repairs, planter interface repairs, and drains. Podium 20 days Mon 1/8/18 Fri 2/2/18 Oct 15, '17 Oct 22, '17 Oct 29, '17 Nov 5, '17 Nov 12, '17 Nov 19, '17 Nov 26, '17 Dec 3, '17 Dec S M W F S T T S M W F S T T S M W F S T T S M W F S T T S Page 17 WNC-GA

26 1 BUILDING B 28 1/2/17 Fri 2/2/18 c 10, '17 Dec 17, '17 Dec 24, '17 Dec 31, '17 Jan 7, '18 Jan 14, '18 Jan 21, '18 Jan 28, '18 Feb 4, '18 M W F S T T S M W F S T T S M W F S T T S M W F S T T S M 2 All Building B Roofing Repairs 3 1 Scaffolding set up (Units 201 to 210, and 301 to 310) 4 B1 Tenant vacate: Units 301 to Catwalk, Private 6 B2 Tenant vacate: Units 201 to Catwalk, Private 8 B3 Tenant vacate: Units 306 to Catwalk, Private 10 B4 Tenant vacate: Units Catwalk, Private 12 2 Scaffolding set up (Units 212 to 214, 312 to 3146, open elevators, and 242 to 245, and 345 to 348) 13 B5 Tenant vacate: Units 311 to Catwalk, Private 15 B6 Tenant vacate: Units 211 to Catwalk, Private 17 B7 Tenant vacate: Units 345 to Catwalk, Private 29 days Mon 1/2/17 Thu 2/9/17 26 days Mon 2/6/17 Sat 3/11/17 7 days Sun 2/12/17 Sat 2/18/17 2/13/17 Fri 2/17/17 7 days Sun 2/19/17 Sat 2/25/17 2/20/17 Fri 2/24/17 7 days Sun 2/26/17 Sat 3/4/17 2/27/17 Fri 3/3/17 7 days Sun 3/5/17 Sat 3/11/17 3/6/17 Fri 3/10/17 26 days Mon 3/6/17 Sat 4/8/17 7 days Sun 3/12/17 Sat 3/18/17 3/13/17 Fri 3/17/17 7 days Sun 3/19/17 Sat 3/25/17 3/20/17 Fri 3/24/17 7 days Sun 3/26/17 Sat 4/1/17 3/27/17 Fri 3/31/17 Page 18 WNC-GA

27 57 Catwalk, Private 8/7/17 Fri 8/11/17 58 B26 Tenant vacate: Units days Sun 8/13/17 Sat 8/19/17 59 Catwalk, Private Fri 8/18/17 8/14/17 60 Podium perimeter planter termination repair 27 days Mon 8/21/17 Tue 9/26/17 61 Vertical channel screed 8 days Wed Fri 10/6/17 repairs at utility closet stacks 9/27/17 62 Window repairs 36 days Mon 8/21/17Mon 10/9/17 63 Podium level paver 5 Fri 12/22/17 repairs, planter interface repairs, and drains. Podium 10/9/17 64 NO WORK CHRISTMAS WEEK 12/25/17 Fri 12/29/17 65 NO WORK NEW 1/1/18 Fri 1/5/18 YEARS WEEK 66 Podium level paver repairs, planter interface repairs, and drains. Podium 20 days Mon 1/8/18 Fri 2/2/18 c 10, '17 Dec 17, '17 Dec 24, '17 Dec 31, '17 Jan 7, '18 Jan 14, '18 Jan 21, '18 Jan 28, '18 Feb 4, '18 M W F S T T S M W F S T T S M W F S T T S M W F S T T S M Page 19 WNC-GA

28 Cilker Apartments v. Western National Construction Expert File of Paul Habibi Documents Relied Upon, June Document Title/Description Bates Start Bates End Case Documents Woodmont Real Estate Deposit WRES00001 WRES03082 Woodmont Real Estate - Correspondence and Agreements PLT PLT Woodmont Real Estate - Correspondence and Notes PLT PLT One Pearl Place Apartment Information PLT PLT One Pearl Place Insurance Claim Notes PLT PLT Financial reports & rent rolls (redacted) - July through Sep 2015 PLT PLT Various Financial Reports and Rent Rolls PLT PLT Various Financial Reports and Rent Rolls PLT PLT Avelar Field Investigation & Defect Analysis Report NO BATES DT Schedule and Locations PLT-RAA04675 PLT-RAA04680 DT Locations PLT-RAA09609 PLT-RAA09621 DT Schedule PLT-RAA19547 PLT-RAA19547 Other Expert Files Chung Expert File PLT-WDC00001 PLT-WDC08335 Sedway Expert File PLT-SC00001 PLT-SC10028 Bartholomew Expert File WNC-BAI WNC-BAI Bartholomew Supplemental Expert File WNC-BAI WNC-BAI McCormick Phasing Plans & Typical Repair Schedules N/A Mahaney Expert File PLT-WJE00001 PLT-WJE36173 Depositions Deposition of Lee Bartholomew, 6/3/16 and Exhibits Deposition of Lucy Chung, 5/18/16, and Exhibits Deposition of Lynn Sedway, 5/23/16 (rough transcript) and Exhibits Deposition of James Mahaney, Vol I, 5/4/16 and Exhibits Deposition of Kelley Fein, 1/29/16 Deposition of Rhonda Sorochin, 3/31/16 Deposition of Gerardo Padilla, 1/28/16, and Exhibits Outside Resources IRS Publication 527, Depreciation of Rental Property Santa Clara County Assessor, Property Information WNC-GA

29 One Pearl Place - Annual Depreciation Illustrative Overview 2015 Assessed Improvement Value 1 $ 27,508,404 Cost Basis for Improvements 2 $ 22,123,993 Recovery Period Years Annual Depreciation Deduction $ 804,509 Annual Tax Savings 4 $ 425,585 Notes: (1) 2015 assessed improvement value from San Clara County Assessor used for this analysis. This number may not match the actual cost basis reported on Property Owner's tax returns. (2) Cost basis for depreciation calculations is assumed to be the 2015 assessed improvement value discounted at 2% anually to (3) See IRS Publication 527, Depreciation of Rental Property. (4) Tax savings based on Federal personal income tax rate of 36.9% and California state income tax rate of 13.3%. WNC-GA

30 Property Information (APN: ) Situs Address (es) : 5210 TERNER WY SAN JOSE TERNER WY SAN JOSE TERNER WY SAN JOSE Mailing Address: 1631 WILLOW ST Unit STE 105 SAN JOSE CA Current Information Assessed Value PROPERTY INFORMATION Document No: Document Type: GRANT DEED Transfer Date: 4/10/2001 Tax Default Date: N/A TAX RATE AREA INFORMATION City: San Jose Unified School: San Jose Comm. College: San Jose Air Quality Mgmt.: Bay Area Jt(1,7,21,28,38,41,43,48,49,57) County Water: Santa Clara Valley County Water: Santa Clara Valley-zone C-1 County Water: Santa Clara Valley-zone W-4 Water-misc.: Santa Clara County Importation VALUE INFORMATION (Assessed Information as of 6/30/2015) Real Property Business Exemptions Net Assessed Value Land: $204,021 Fixtures: $0 Homeowner: $0 Improvements: $27,508,404 Structure: $0 Other: $0 Personal Property: $66,640 Total: $27,712,425 Total: $66,640 Total: $0 $27,779,065 DISCLAIMER: This service has been provided to allow easy access and a visual display of County information. A reasonable effort has been made to ensure the accuracy of the data provided; nevertheless, some information may be out of date or may not be accurate. The County of Santa Clara assumes no responsibility arising from use of this information. ASSOCIATED DATA ARE PROVIDED WITHOUT WARRANTY OF ANY KIND, either expressed or implied, including but not limited to, the implied warranties of merchantability and fitness for a particular purpose. Do not make any business decisions based on this data before validating the data. [Revenue and Taxation Code Section 408.3(c)] WNC-GA

31 2015 Assessed Value PROPERTY INFORMATION Document No: Document Type: GRANT DEED Transfer Date: 4/10/2001 Tax Default Date: N/A TAX RATE AREA INFORMATION City: San Jose Unified School: San Jose Comm. College: San Jose Air Quality Mgmt.: Bay Area Jt(1,7,21,28,38,41,43,48,49,57) County Water: Santa Clara Valley County Water: Santa Clara Valley-zone C-1 County Water: Santa Clara Valley-zone W-4 Water-misc.: Santa Clara County Importation VALUE INFORMATION (Assessed Information as of 6/30/2015) Real Property Business Exemptions Net Assessed Value Land: $204,021 Fixtures: $0 Homeowner: $0 Improvements: $27,508,404 Structure: $0 Other: $0 Personal Property: $66,640 Total: $27,712,425 Total: $66,640 Total: $0 $27,779,065 DISCLAIMER: This service has been provided to allow easy access and a visual display of County information. A reasonable effort has been made to ensure the accuracy of the data provided; nevertheless, some information may be out of date or may not be accurate. The County of Santa Clara assumes no responsibility arising from use of this information. ASSOCIATED DATA ARE PROVIDED WITHOUT WARRANTY OF ANY KIND, either expressed or implied, including but not limited to, the implied warranties of merchantability and fitness for a particular purpose. Do not make any business decisions based on this data before validating the data. [Revenue and Taxation Code Section 408.3(c)] WNC-GA

32 2014 Assessed Value PROPERTY INFORMATION Document No: Document Type: GRANT DEED Transfer Date: 4/10/2001 Tax Default Date: N/A TAX RATE AREA INFORMATION City: San Jose Unified School: San Jose Comm. College: San Jose Air Quality Mgmt.: Bay Area Jt(1,7,21,28,38,41,43,48,49,57) County Water: Santa Clara Valley County Water: Santa Clara Valley-zone C-1 County Water: Santa Clara Valley-zone W-4 Water-misc.: Santa Clara County Importation VALUE INFORMATION (Assessed Information as of 6/30/2014) Real Property Business Exemptions Net Assessed Value Land: $200,025 Fixtures: $0 Homeowner: $0 Improvements: $26,969,553 Structure: $0 Other: $0 Personal Property: $42,169 Total: $27,169,578 Total: $42,169 Total: $0 $27,211,747 DISCLAIMER: This service has been provided to allow easy access and a visual display of County information. A reasonable effort has been made to ensure the accuracy of the data provided; nevertheless, some information may be out of date or may not be accurate. The County of Santa Clara assumes no responsibility arising from use of this information. ASSOCIATED DATA ARE PROVIDED WITHOUT WARRANTY OF ANY KIND, either expressed or implied, including but not limited to, the implied warranties of merchantability and fitness for a particular purpose. Do not make any business decisions based on this data before validating the data. [Revenue and Taxation Code Section 408.3(c)] WNC-GA

33 2013 Assessed Value PROPERTY INFORMATION Document No: Document Type: GRANT DEED Transfer Date: 4/10/2001 Tax Default Date: N/A TAX RATE AREA INFORMATION City: San Jose Unified School: San Jose Comm. College: San Jose Air Quality Mgmt.: Bay Area Jt(1,7,21,28,38,41,43,48,49,57) County Water: Santa Clara Valley County Water: Santa Clara Valley-zone C-1 County Water: Santa Clara Valley-zone W-4 Water-misc.: Santa Clara County Importation VALUE INFORMATION (Assessed Information as of 6/30/2013) Real Property Business Exemptions Net Assessed Value Land: $199,121 Fixtures: $0 Homeowner: $0 Improvements: $26,847,665 Structure: $0 Other: $0 Personal Property: $64,900 Total: $27,046,786 Total: $64,900 Total: $0 $27,111,686 DISCLAIMER: This service has been provided to allow easy access and a visual display of County information. A reasonable effort has been made to ensure the accuracy of the data provided; nevertheless, some information may be out of date or may not be accurate. The County of Santa Clara assumes no responsibility arising from use of this information. ASSOCIATED DATA ARE PROVIDED WITHOUT WARRANTY OF ANY KIND, either expressed or implied, including but not limited to, the implied warranties of merchantability and fitness for a particular purpose. Do not make any business decisions based on this data before validating the data. [Revenue and Taxation Code Section 408.3(c)] WNC-GA

34 2. Depreciation of Rental Property Table of Contents The Basics What Rental Property Can Be Depreciated? When Does Depreciation Begin and End? Depreciation Methods Basis of Depreciable Property Special Depreciation Allowance MACRS Depreciation Depreciation Systems Property Classes Under GDS Recovery Periods Under GDS Conventions Figuring Your Depreciation Deduction Figuring MACRS Depreciation Under ADS Claiming the Correct Amount of Depreciation You recover the cost of income producing property through yearly tax deductions. You do this by depreciating the property; that is, by deducting some of the cost each year on your tax return. Three factors determine how much depreciation you can deduct each year: (1) your basis in the property, (2) the recovery period for the property, and (3) the depreciation method used. You cannot simply deduct your mortgage or principal payments, or the cost of furniture, fixtures, and equipment, as an expense. You can deduct depreciation only on the part of your property used for rental purposes. Depreciation reduces your basis for figuring gain or loss on a later sale or exchange. You may have to use Form 4562 to figure and report your depreciation. See Which Forms To Use in chapter 3. Also see Publication 946. Section 179 deduction. The section 179 deduction is a means of recovering part or all of the cost of certain qualifying property in the year you place the property in service. This deduction is not allowed for property used in connection with residential rental property. See chapter 2 of Publication 946. Alternative minimum tax (AMT). If you use accelerated depreciation, you may be subject to the AMT. Accelerated depreciation allows you to deduct more depreciation earlier in the recovery period than you could deduct using a straight line method (same deduction each year). The prescribed depreciation methods for rental real estate are not accelerated, so the depreciation deduction is not adjusted for the AMT. However, accelerated methods are generally used for other property connected with rental activities (for example, appliances and wall to wall carpeting). To find out if you are subject to the AMT, see the Instructions for Form The Basics The following section discusses the information you will need to have about the rental property and the decisions to be made before figuring your depreciation deduction. What Rental Property Can Be Depreciated? You can depreciate your property if it meets all the following requirements. You own the property. You use the property in your business or income producing activity (such as rental property). The property has a determinable useful life. The property is expected to last more than one year. Property you own. To claim depreciation, you usually must be the owner of the property. You are considered to be the owner of property even if it is subject to a debt. Rented property. Generally, if you pay rent for property, you cannot depreciate that property. Usually, only the owner can depreciate it. However, if you make permanent improvements to leased property, you may be able to depreciate the improvements. See Additions or improvements to property, later in this chapter, under Recovery Periods Under GDS. Cooperative apartments. If you are a tenant stockholder in a cooperative housing corporation and rent your cooperative apartment to others, you can depreciate your stock in the corporation. See chapter 4, Special Situations. Property having a determinable useful life. To be depreciable, your property must have a determinable useful life. This means that it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes. What Rental Property Cannot Be Depreciated? Certain property cannot be depreciated. This includes land and certain excepted property. Land. You cannot depreciate the cost of land because land generally does not wear out, become obsolete, or get used up. But if it does, the loss is accounted for upon disposition. The costs of clearing, grading, planting, and landscaping are usually all part of the cost of land and cannot be depreciated. You may, however, be able to depreciate certain land preparation costs, if the costs are so closely associated with other depreciable property that you can determine a life for them along with the life of the associated property. Example. You built a new house to use as a rental and paid for grading, clearing, seeding, and planting bushes and trees. Some of the bushes and trees were planted right next to the house, while others were planted around the outer border of the lot. If you replace the house, you would have to destroy the bushes and trees right next to it. These bushes and trees are closely associated with the house, so they have a determinable useful life. Therefore, you can depreciate them. Add your other land preparation costs to the basis of your land because they have no determinable life and you cannot depreciate them. Excepted property. Even if the property meets all the requirements listed earlier under What Rental Property Can Be Depreciated, you cannot depreciate the following property. WNC-GA

35 Property placed in service and disposed of (or taken out of business use) in the same year. Equipment used to build capital improvements. You must add otherwise allowable depreciation on the equipment during the period of construction to the basis of your improvements. For more information, see chapter 1 of Publication 946. When Does Depreciation Begin and End? You begin to depreciate your rental property when you place it in service for the production of income. You stop depreciating it either when you have fully recovered your cost or other basis, or when you retire it from service, whichever happens first. Placed in Service You place property in service in a rental activity when it is ready and available for a specific use in that activity. Even if you are not using the property, it is in service when it is ready and available for its specific use. Example 1. On November 22 of last year, you purchased a dishwasher for your rental property. The appliance was delivered on December 7, but was not installed and ready for use until January 3 of this year. Because the dishwasher was not ready for use last year, it is not considered placed in service until this year. If the appliance had been installed and ready for use when it was delivered in December of last year, it would have been considered placed in service in December, even if it was not actually used until this year. Example 2. On April 6, you purchased a house to use as residential rental property. You made extensive repairs to the house and had it ready for rent on July 5. You began to advertise the house for rent in July and actually rented it beginning September 1. The house is considered placed in service in July when it was ready and available for rent. You can begin to depreciate the house in July. Example 3. You moved from your home in July. During August and September you made several repairs to the house. On October 1, you listed the property for rent with a real estate company, which rented it on December 1. The property is considered placed in service on October 1, the date when it was available for rent. Conversion to business use. If you place property in service in a personal activity, you cannot claim depreciation. However, if you change the property's use to business or the production of income, you can begin to depreciate it at the time of the change. You place the property in service for business or income producing use on the date of the change. Example. You bought a house and used it as your personal home several years before you converted it to rental property. Although its specific use was personal and no depreciation was allowable, you placed the home in service when you began using it as your home. You can begin to claim depreciation in the year you converted it to rental property because at that time its use changed to the production of income. Idle Property Continue to claim a deduction for depreciation on property used in your rental activity even if it is temporarily idle (not in use). For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it is not available for rent. Cost or Other Basis Fully Recovered You must stop depreciating property when the total of your yearly depreciation deductions equals your cost or other basis of your property. For this purpose, your yearly depreciation deductions include any depreciation that you were allowed to claim, even if you did not claim it. See Basis of Depreciable Property, later. Retired From Service You stop depreciating property when you retire it from service, even if you have not fully recovered its cost or other basis. You retire property from service when you permanently withdraw it from use in a trade or business or from use in the production of income because of any of the following events. You sell or exchange the property. You convert the property to personal use. You abandon the property. The property is destroyed. Depreciation Methods Generally, you must use the Modified Accelerated Cost Recovery System (MACRS) to depreciate residential rental property placed in service after If you placed rental property in service before 1987, you are using one of the following methods. Accelerated Cost Recovery System (ACRS) for property placed in service after 1980 but before Straight line or declining balance method over the useful life of property placed in service before See MACRS Depreciation, later, for more information. Rental property placed in service before Continue to use the same method of figuring depreciation that you used in the past. Use of real property changed. Generally, you must use MACRS to depreciate real property that you acquired for personal use before 1987 and changed to business or incomeproducing use after This includes your residence that you changed to rental use. See Property Owned or Used in 1986 in Publication 946, chapter 1, for those situations in which MACRS is not allowed. Improvements made after Treat an improvement made after 1986 to property you placed in service before 1987 as separate depreciable property. As a result, you can depreciate that improvement as separate property under MACRS if it is the type of property that otherwise qualifies for MACRS depreciation. For more information about improvements, see Additions or improvements to property, later in this chapter under Recovery Periods Under GDS. WNC-GA