MONOPOLY I, LLC 1Q 2012 Financial Report

REVIEW OF 1Q 2012 FINANCIAL RESULTS

Company Operations

 Total revenue was $91,758, 17.4% higher than 4Q11
 Rental revenue was $81,728 vs. $69,190 in 4Q11
 FFO was $12,022 vs. ($2,210) in 1Q11
 Dividends from securities portfolio was $4,480 vs. $4,358 in 4Q11
 Securities portfolio’s return was 11.42%
 Assets increased $31,867 to $3,457,866
 Liabilities decreased $33,853 to $1,676,048
 Share price increased 2.49% to $12.30 per share
 Member shares issued since inception: 144,872 (59 share members)

Revenue: M1’s first quarter rental revenue was $81,728 compared to $69,190 and $52,472 during the 4Q11 and 3Q11 respectively. The completion of Macomb renovations and fully leased available apartments in Joplin has both contributed to this positive trend. Our securities portfolio generated $4,480 in dividends compared to $4,358 during 4Q11. We expect dividend income to continue to increase as we focus on growing our securities portfolio.

Operating expenses: Our operating expenses for 1Q were $78,118. During 2012 we will continue to invest money to improve our properties, thus maintaining our “pre-dividend” goal of reinvesting funds from operations (FFO) into property improvements. All operating expenses were in line with our budget. Depreciation accounted for $23,773 of operating expenses.

Funds From Operations (FFO): M1’s taxable net loss for 1Q was $11,751; however by backing out property depreciation the company experienced a positive FFO of $12,022. Interest expense for 1Q was $25,391. Our average cost of capital is 6.05%. Management will continue to refinance or decrease liabilities to lower interest expense, allowing the company to use those savings for property renovations.

Balance sheet: Cash, cash equivalents, and short-term investments as of March 31, 2012 were $429,866. Short-term investments account for $423,744. Property values remained stable. The company’s total liabilities are $1,676,048, a reduction of $33,853 during the quarter through mortgage reduction. Share members’ equity increased $65,720 during 1Q to $1,781,818 reflecting increased assets, lower liabilities and member share purchases. During 1Q, M1 issued 2,759 member shares. The company repurchased 893 shares during the 1Q.

Securities portfolio: As of March 31, 2012, M1’s securities portfolio was valued at $423,744, approximately 12.3% of total assets. The portfolio is comprised of real estate investment trusts and mutual funds, allocating 17% in residential REITs, 11% in office and industrial REITs, 11% in mortgage REITs, 15% in retail REITs, 8% in student housing REITs, and 38% in CGM Realty fund. Our three largest holdings were in the following mutual fund/REITs: CGM Realty fund (CGMRX), Realty Income (O), and Annaly Capital (NLY). During the 1Q, we added to our positions in American Campus (ACC), Home Properties (HME), and Realty Income (O).

Our securities portfolio performance during the first quarter was 11.42%; since inception our securities portfolio has returned 33.30%.

Property management: During the first quarter we focused on apartment renovations and routine maintenance. We began renovations on 11 apartments located at 1505 Michigan Ave, Joplin. These are the last apartments that are in need of repair following the tornado from last May. In addition, we have three apartments at Highland Ave in Joplin to renovate during 2Q12. Upon completion of these 14 apartment renovations we will be done with our renovations. During the second half of 2012, we will turn our focus on routine maintenance and repair as well as exterior appearance improvement of our properties.

Acquisition: No property acquisitions during this quarter.

Guidance for 2012: M1’s 2012 revenue goal is increased to $324,000 from our previous goal of $250,000. We have experienced a significant increase in our rental income due to improved tenant payment operations and apartment availability. We expect our rental income to continue to grow upon apartment renovation completion and rental rate increases. Operating expenses are budgeted to remain in line with our expected revenue as we execute our renovation and preventive maintenance plans. During the first half of 2012, funds from operations are expected to be break even as we fully reinvest our funds from operations. As we approach our first dividend payment (to be paid in January 2013) we will set aside a portion of our net income to be distributed to share members.