Question
An investor is reviewing a pro forma statement with the following information: Base Rent $300,000; Tenant Recoveries $90,000; Vacancy Factor of -$10,000; Property Taxes $100,000;
An investor is reviewing a pro forma statement with the following information: Base Rent $300,000; Tenant Recoveries $90,000; Vacancy Factor of -$10,000; Property Taxes $100,000; Insurance $5,000; and Management Fee $3,000. What is the Net Operating Income (NOI) based on the provided information?
a)292000
b)380000
c)272000
d)108000
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
