Deal of the Week: Atlanta Get ready! The player with the highest score in the fastest time wins $200! Competition ends at 5pm ET. Question Title * 1. Name: Question Title * 2. Email: Question Title * 3. What is your Project Destined city or partner organization? New York Los Angeles Detroit Atlanta Baltimore London Management Leadership for Tomorrow (MLT) Other (please specify what PD Squad you are!): Question Title * 4. Payment Info: Cash App: Venmo: PayPal: Question Title * 5. Which type of acquisition doesn't have any existing income? Core Value-Add Opportunistic Question Title * 6. Which property type focuses on storage and manufacturing? Retail Industrial Multifamily Office Question Title * 7. LeBron bought a property for $3,000,000. He invested another $750,000 into the property. His target profit is $2,125,000. How much does LeBron need to sell the property for to reach his target profit? $5,125,000 $1,625,000 $5,125,000 $5,875,000 Question Title * 8. Which player in real estate is responsible for designing the building and providing guidance to the contractor? Broker Architect Contractor Developer Question Title * 9. Which valuation approach is based on similar properties that have recently sold ? Sales Comp Approach Income Approach Replacement Approach Value Approach Question Title * 10. Aaron is evaluating a potential investment in a multifamily asset in Buckhead that has a list price of $4,000,000. The net operating income is $154,000 per year. What is the implied cap rate? 3.77% 4.12% 3.85% 3.91% Question Title Project Bolton Offering Memorandum Question Title Question Title Question Title Question Title Question Title * 11. What is the property's annual net operating income (NOI)? $71,412 $59,911 $60,496 $57,882 Question Title * 12. What is the property’s annual management fee? $10,800 $10,375 $10,080 $8,400 Question Title * 13. Based on the loan principal of $756,000, what is the loan-to-value (LTV) ratio? 60% 65% 70% 75% Question Title * 14. Using the sales comp approach, what is the property’s value? $1,331,843 $878,900 $900,000 $949,344 Question Title * 15. Based on the sales comps, what is the market cap rate? 5.36% 4.92% 5.60% 5.31% Question Title * 16. Based on the listing price, what is the implied cap rate? 5.22% 5.49% 4.58% 5.60% Question Title * 17. Based on the income approach, what is the property's value? (Hint: Use the exact market cap rate.) $1,181,024 $1,129,359 $1,086,238 $977,374 Question Title * 18. If all units were at market rent, what would be the annual net operating income? (Assume that expenses will remain the same.) $102,084 $128,036 $113,528 $118,686 Question Title * 19. Based on the annual net operating income, what is the annual debt service coverage ratio? 1.25x 2.13x 1.51x 2.68x Done #PDSQUAD
