Commercial Property Report - REVISED Overview: 0 Prepare a report about commercial property currently for sale in the GTA 0 Describe and analyze the property as if you work for a real rm that invests in real estate as its main business activity Requirements: 0 Title page 0 12 font, double-space 0 2250-2500 words 0 APA formatting Part 1: Introduction 0 What is the purpose of the report? 0 Includes sections of the report 0 What will you talk about? Part 2: The Firm 0 Private investment rm, public investor, real estate investment trust (REIT), institution investor (bank, pension md) 0 Focus mainly on the rm's investment strategy 0 Can talk about portfolio (value $, occupancy %, total properties), president' message, number of employees, HQ location, investor prole Potential rms: 0 Allied Property REIT 1mm REIT H&R REIT Dream REIT MSR Holdings Fengate real asset investments Part 3: The Property 0 Commercial property listings can be found on Wm}, CBRE, ILL, Wan & Wakeeld, Colliers, etc. 0 Choose a property you nd interesting and can conveniently visit as its required (Take several pictures of the property/site during your visit) Describe the property/listing Where is it located? Is it close to public and private services? (m transit, highways) shops, parks, childcare facilities, etc.) Why is this important? Price (lease info if available) ' Size, storeys, access ' Describe the location - What is the urban form of the area? Urban or suburban? Vibrant or isolated? Mix of land uses or m Zoning: What is the property zoned fo_r_?t www.Toronto.ca/zoning/ If property is in municipality with no interactive map, go through the municipality's Zoning By-Law and corresponding map If no Zoning By-Law online then call municipality's planning department Calculate cap rate for your investment and compare to a non-real estate investment- Canada Government bond rate (5 year) If your property does not include the current rent income, use rental averages for area/type of property from other sources (e_,g= TRREB) The cap rate is quite simple to calculate. Simply divide the annual rent income by the price. Normally, we would use net operating income, but it's not necessary for this assignment. You can calculate the income by multiplying the rental income per sq. ft. by the square footage of the building (not including grounds/parking). Part 4: The recommendation Should the rm invest into the property based primarily on its investment strategy? In what ways does it match the strategy? What are the deciencies? Final thoughts Be professional Would I confidently submit this to a superior at my job