Get ready! The player with the highest score in the fastest time wins $200! Competition ends at 5pm ET.

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* 1. Name:

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* 2. Email:

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* 3. What is your Project Destined city or partner organization?

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* 4. Payment Info:

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* 5. Which type of acquisition has some existing income and significant need for improvement?

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* 6. Which property type focuses on lodging for tourists?

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* 7. Which player in real estate is responsible for managing the day-to-day operations for a property?

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* 8. Which valuation approach is based on cap rates?

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* 9. Which of the following is an operating expense?

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Project Volunteer Offering Memorandum

Project Volunteer Offering Memorandum

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* 10. What is the property’s annual management fee?

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* 11. Based on the income approach, what is the property's value? (Hint: Use the exact market cap rate.)

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* 12. What is annual total revenue?

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* 13. What is the property's annual net operating income (NOI)?

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* 14. Based on the sales comps, what is the market price per square foot?

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* 15. Based on the sales comp approach value, what would be the loan principal at 70% LTV?

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* 16. What is the annual vacancy loss?

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* 17. Using the sales comp approach, what is the property’s value?

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* 18. If each unit was at market rent, what would be the property's gross rent?

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* 19. What is the property annual operating expense ratio?

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