Amidst the realm of real estate investment, a REIT fund emerges with an intriguing proposition. Picture a landscape where 100,000 shares of this REIT are in circulation, and the ever-relevant cap rate stands steadfast at 11%. In this financial narrative, the focus is on estimating the Net Asset Value (NAV) per share for those contemplating an entrance into this REIT venture. A ripple of anticipation emanates as the Net Operating Income (NOI) prepares to grow by 1.6% in the impending year. To decipher the potential worth, the following financial compass is at your disposal: Venture into the past, where the NOI from the previous year spans a robust $584,960. Alongside, a subplot unveils non-cash rents amounting to $9,885, and the vivid impact of acquisitions a figure poised at $5,279 for the full year. Now, as you navigate the financial terrain, find solace in the presence of cash and cash equivalents, tucked away at $74,388. Like uncharted territories, land for future development boasts a valuation of $27,874, awaiting its time to shine. As the journey unfolds, you encounter the enigmatic accounts receivable a treasure chest holding $36,912. Yet, no story is complete without its challenges. The realm of debt emerges with a total sum of $1,625,370, while other liabilities cast a shadow at $342,579