Case Study : Pebble Cove Apartments

The Las Vegas and Atlantic City locations have lost revenues in recent years. In addition to the economic slowdown, these gambling locations are also facing new competitors in the market that are providing attractive choices to the customers. Though there are some external forces beyond their control, it seems that attractiveness and accessibility are very important focus areas for these cities.

Table 7 in the detailed analysis above shows the summary of the Discounted Cash Flow analysis performed for each of the four potential properties considered for investment. From the chart below, we observe that of the four properties, TFB has the maximum increase in reversion value at the end of the holding period, i.e. 10years. On a primarily income generation potential basis, Alison Green, with a Net Present value of the future rents at $734.29 looks attractive among the four options. Looking at the Investment ranks of the four properties with Simple returns and Discounted returns variables, Alison

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The next property presented to John and Judy was Ivy Terrace, an 80-unit apartment under construction in Arlington, Virginia. Even though this property has the lowest Net Present Value ($619) and lowest monthly mortgage ($5,500), there exist the greatest increase in Cap Rate from purchase to sale price (9.12% to 9.51%). Based on calculations, 72% of total benefits will be derived from cash flow while 41% of total benefits will come via future value. This property has the second highest After Tax Cash Flow (ATCF) but has the lowest remaining loan balance at sale ($4583.03), net cash from sale ($4868.34), net book value ($5545.45), and capital gains. Ivy Terrace has the highest depreciation and has the lowest percent of total benefit from future value and lowest amortization and reserve among the four properties. Finally, the developer of Ivy Terrace guarantees 93% occupancy.

Gain Understanding of owner/developer issues within Real Estate Finance  Understand tools and methods for evaluating projects  Understand general structure of a project pro forma using multifamily case study  Gain basic ability to construct a project pro forma  Develop initial tools to quantify a project

The economy of Las Vegas as a whole contributes to the sustainability of the city and none of the industrial sectors can survive without the other. This is because everything in Las Vegas is interdependent. Vegas is located in the Nevada desert, the closest large city to Vegas, outside of Nevada, is San Bernardino, CA, which is about 187 miles away. For this reason people who visit Vegas rent rooms in hotels. This is an integral part

Viva Las Vegas! I believe that growing up in the notorious “sin city” was a very rewarding experience. While some may believe that the gaming industry, which Las Vegas is based on, is an unhealthy habit that benefits the select few companies who own hotel-casinos and other popular venues, I recognize that the gaming industry has done a lot of good for the residents of the city and its suburbs. In fact, people fly in from all over the world to visit Las Vegas and they make our city more diverse. Therefore, I admire the diversity within my community. I love to study languages in school and in my spare time. As a student, I want to major in linguistics at a college of liberal arts. As a result, I appreciate the diversity in Las Vegas

According to the Las Vegas Convention and Visitors Authority, the tourism industry's economic impact was thirty six billion dollars in 2005. Since so much money is made in the tourism industry, the local Las Vegas government has been trying to attract more commercial businesses. With no state individual or corporate income tax, Las Vegas has been able to get these much needed commercial industries to come to Las Vegas and stabilize its economy. Housing prices are now at or slightly above the median price nationwide, and as of late, the housing industry has become a buyer's market according to the lasvegasnevada.gov website. With such a strong economy and affordable housing, Las Vegas is a very good place to make a living.

Dogs may be a mans best friend, but their waste is not. For the residents of One Brooklyn Bridge Park Condominiums, their ongoing matter of waste layering all parts of where they call home has become an epidemic. Having to indoor walking through corridors and lobbies littered with feces, urine, and other dog waste on a daily basis has caused extreme discomfort among residents, as well as being exceedingly expensive and time consuming to clean. As a response to this persistent problem the board has decided to implement an ordinance that all dogs living in the building must have their DNA registered. Through a service called Poo Prints the board can send register each dogs DNA and send in samples of waste for DNA testing. Then the board can discover

The sales data were obtained for a new oceanside condominium complex consisting of two adjacent and connected eight-floor buildings. The complex contains over 200 units of equal size (approximately 500 square feet each). The

In the year 2000, The Ritz-Carlton Hotel Company paired with luxury real estate developer Millennium Partners to build a $225 million hospitality complex in the heart of Washington DC. This 300-room hotel was set to be the first out of a six-hotel deal between these two companies. The structure of the deal was that Millennium Partners would be the owners of the properties and The Ritz-Carlton would manage them.

Las Vegas is home to some of the most profitable clubs and casinos in the entire world. Many of these firms manage to profit exorbitantly despite residing in markets that have some competitive characteristics (such as fragmented industry and relatively undifferentiated products). Although both types of firms are often very successful, there are stark differences between the two. One significant difference between clubs and casinos is the price of alcohol. At Vegas casinos drinks are typically very cheap (often times even complimentary), but at clubs across the street they are quite expensive. Naturally, one might ask why this difference in prices exist. Fortunately, with a little bit of information and the application of a few basic economic concepts the answer to this question becomes quite apparent.

When walking into “The Strip” in Las Vegas, an instant feel of excitement rushes up. The flashy neon lights paired with glimpses of amazing acrobatics on gigantic screens easily brings up the energy of tourists, businessmen, and gambling addicts. You may wonder how a once stranded desert can transform into such a paradise of skyscrapers. The answer lies in casinos.

Nevada casinos are the second leaders in revenue. The strengths that they have generated are the availablity of more hotel rooms, fine dinning, excellent entertainment, shopping, mergers and acquisitions, customer loyalty, and product differentiation among its rivals. With its many strengths, Nevada casinos represent a high barrier for new entrants as well mainly due to product differentiation and economies of scale. Nevada casios use differentiation on the basis of special themes that characterizes their casinos, such as a medieval castle, a pirate ship, or a movie studio. Nevado casinos also rely on economies of scale as many of the larger casinos are expanding by buiding on additional rooms to bring in more customers. Eventhough Nevada casino has many strengths, it also has a weaknesses.

“The geographic location of a casino is a huge consideration” (Lewis pg. 1). Demographics, travel patterns and nearby competition play a significant part in casino design. “ Most people in North America live within a day’s drive of one or more gaming areas” (Lewis pg. 1), so in order to attract people to the casino there must be something other than the gaming floor to draw them in. Many amenity and non-gaming attractions must be considered in order to really stand out. The casino must design strong support facilities, a hotel that can accommodate as many players as it can afford, a parking system for the traveling patrons, non-gambling facilities for families and it must be an inviting space.