Attached files
| file | filename |
|---|---|
| 10-K - 10-K - UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II /MI/ | tv486973_10k.htm |
| EX-31.2 - EXHIBIT 31.2 - UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II /MI/ | tv486973_ex31-2.htm |
| EX-32.1 - EXHIBIT 32.1 - UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II /MI/ | tv486973_ex32-1.htm |
| EX-31.1 - EXHIBIT 31.1 - UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II /MI/ | tv486973_ex31-1.htm |
| EX-32.2 - EXHIBIT 32.2 - UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II /MI/ | tv486973_ex32-2.htm |
Exhibit 99.1
UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II
2018-2017 MARKET VALUES
The table below sets forth certain market value information of Uniprop Income Fund II’s remaining property for 2018, as well as a comparison to the prior year. Management of the General Partner estimated the market value of the remaining property in 2018, while ARA Manufactured Housing completed a broker opinion of market value of the property in 2017.
| 02/18 | 02/17 | % | ||||||||||
| Property | Est. Market Value | Est. Market Value | Variance | |||||||||
| West Valley | 30,000,000 | 31,050,000 | (3.5 | %) |
2018 ESTIMATED NET ASSET VALUE OF UNITS
Based on the February 2018 estimate by Management of the General Partner of the market value for the West Valley property, the General Partner has calculated the estimated net asset value of each Unit, based on the following assumptions:
| o | Sale of the Property in February 2018 for its estimated market value. |
| o | Costs and selling expenses at 3.0% of the sale price. |
| o | Tax consequences of a sale are not taken into consideration. |
| o | Cash reserves as of December 31, 2017, net of liabilities |
The estimated net asset value of each unit, assuming the sale of the properties at their present market value is $7.31 calculated as follows:
| Aggregate market value: | $ | 30,000,000 | ||
| Plus: Cash Reserves | 6,466,145 | |||
| Less: Selling Expenses (3.0%) | 900,000 | |||
| Mortgage Debt: | 11,432,959 | |||
| Net Sales Proceeds: | $ | 24,133,186 | ||
| Number of Units: | 3,303,387 | |||
| Net Asset Value per unit: | $ | 7.31 |