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20. A property has trailing (in-place) NOI of $2,000,000. If NOI is expected to grow 5% over the next year and cap rates for similar assets are 7%, what is the value of the property? сар

20. A property has trailing (in-place) NOI of $2,000,000. If NOI is expected to grow 5% over the next year and cap rates for similar assets are 7%, what is the value of the property? сар

Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 16P: If an asset declines in value from 5,000 to 3,500 over nine years, what is the mean annual growth...
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20. A property has trailing (in-place) NOI of $2,000,000. If NOI is expected to grow 5% over the next year and cap rates for similar assets are 7%, what is the value of the property?
Transcribed Image Text:20. A property has trailing (in-place) NOI of $2,000,000. If NOI is expected to grow 5% over the next year and cap rates for similar assets are 7%, what is the value of the property?
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