If properties trade at an 8% cap rate in the market and forward year NOI is $10 million, what is the property worth? If the property is on a 99-year ground lease requiring payments of $2 million per year, what is the building worth?

What are the costs associated with selling a property?

What is a like-kind exchange (1031 exchange) and why may it be preferable to an outright sale?

1.Explain the purpose of a catch-up structure for a sponsor after a preferred return hurdle is met.

2. What are the four main institutional real estate investment vehicles, and which one did the Linneman Associates study conclude generally provides the best risk-reward balance?

3. What are some of the qualitative differences between the four main institutional investment vehicles?

4. Does a REIT have to be a public company?