Given the following information, calculate the developer’s gain in whole dollars. 125 unit apartment complex $ 1,600 Monthly rent 5% vacancy rate 35% opex as % of EGI 6.25% market cap rate 1,300,000 land acquisition & site improvement cost 14,250,000 construction cost 5% construction contingency 2,100,000 soft costs
Read DetailsIf your development project is 425 units and the total supply of available units to lease in the market is 5,000 units with demand projected to be 210 units per month, how long will it take your development to fully lease your units? (round the number up to the next highest whole number)
Read DetailsIf your development project is 315 units and the total supply of available units to lease in the market is 4,000 units with demand projected to be 175 units per month, how long will it take your development to fully lease your units? (round the number up to the next highest whole number)
Read DetailsRead the paragraph below, which is missing descriptive adjectives. Complete the sentence. Beauty in the Desert (1) Some people think the desert is too , but I think it is beautiful. (2) The ground is dotted with ________________, green cacti. (3) At times, the small prickly pear cactus blooms with soft ________________ flowers. (4) The desert is also home to unique, ________________ animals. (5) Slithering snakes and soaring hawks are abundant in the landscape. (6) During the rainy season, sudden, ________________ thunderstorms leave behind marvelous rainbows. (7) After the rain, the smell of sage is in the air, and the red dirt readily drinks up the water. (8) In the desert, you can find beauty all around. (1) Some people think the desert is too ________________, but I think it is beautiful.
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