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A real estate company is considering a new project consisting of an apartment building with 1 0 0 units. Each unit can be rented for
A real estate company is considering a new project consisting of an apartment building with units. Each unit can be rented for $month It is expected to have an average vacancy rate of Net operating expenses are budgeted as of the projects gross annual income.
What would be the economic value of this project, using a cap rate of
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