Managers of SL Green Realty do not consider the future appreciation of properties they in their investment decisions since they do not intend to ever sell properties. The company plans to lease the properties they own indefinitely.

1. Managers of SL Green Realty do not consider the future appreciation of properties they in their investment decisions since they do not intend to ever sell properties. The company plans to lease the properties they own indefinitely.

   True

   False

2 points

QUESTION 5

1. Managers of SL Green Realty seek to enhance the worth of the company by using their expertise to understand the Manhattan real estate market so that leasing decisions create long term value.

   True

   False

2 points

QUESTION 6

1. Owners of shares in SL Green Realty earn returns on their investment from; net income attributable to common stock holders, funds from operations and asset value appreciation.

   True

   False

2 points

QUESTION 7

1. SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, engaged in the acquisition, development, ownership, management and operation of commercial and residential real estate properties, principally office properties, located in the New York metropolitan area.

   True

   False

2 points

QUESTION 8

1. SL Green Realty does not have any debt on its balance sheet. Its portfolio is entirely financed with equity.

   True

   False

2 points

QUESTION 9

1. SL Green Realty does not invest in financial assets only real property.

   True

   False

2 points

QUESTION 10

1. SL Green Realty has over 49 million square feet of commercial space that is leased or available for lease in Manhattan.

   True

   False

2 points

QUESTION 11

1. SL Green Realty is one of the companies that composes the S&P 500 Index.

   True

   False

2 points

QUESTION 12

1. SL Green Realty is the primary developer of commercial real estate in Hudson Yards.

   True

   False

2 points

QUESTION 13

1. SL Green Realty lost approximately $6.3 million on its acquisition and disposition of the Upper East Side Assemblage development.

   True

   False

2 points

QUESTION 14

1. SL Green Realty was unable to sell any property assets in 2020 due to the pandemic. The market for Manhattan Real Estate came to a halt.

   True

   False

2 points

QUESTION 15

1. SL Green does not own properties it only manages properties. This is why the company was not impacted by the COVID pandemic.

   True

   False

2 points

QUESTION 16

1. The managers of SL Green Realty do not focus on the value maximization of commercial properties they own because they believe this leads to short-term thinking and decisions that would curtail investments in large projects.

   True

   False

2 points

QUESTION 17

1. The primary business objective of the managers of SL Green Realty is to maximize to the toral return to stockholders.

   True

   False

2 points

QUESTION 18

1. The weighted average occupancy for commercial properties represents the total occupied square feet divided by total square footage at acquisition.

   True

   False

2 points

QUESTION 19

1. The weighted average occupancy for residential properties represents the total occupied units divided by total available units.

   True

   False

2 points

QUESTION 20

1. The debt of SL Green is below investment grade.

   True

   False

2 points

QUESTION 21

1. A major market for Dime Community Bank is multifamily residential, commercial real estate lending.

   True

   False

2 points

QUESTION 22

1. A major source of funds for Dime Community Bancshares is core deposits.

   True

   False

2 points

QUESTION 23

1. Approximately 83% of Dime Community Banks loans are secured by real estate located in the NYC boroughs of Brooklyn, Queens and Manhattan as of December 31, 2018.

   True

   False

2 points

QUESTION 24

1. An important source of funds for Dime Savings Bank of Williamsburg is the sale of mortgages in the secondary market.

   True

   False

2 points

QUESTION 25

1. Bank managers at Dime Community Bancshares consider commercial real estate loans as riskier assets than both one-to-four family and multifamily residential real estate loans. This is partially because the borrowers ability to repay the loan depends on the success of the commercial tenants who rent the property.

   True

   False

2 points

QUESTION 26

1. Bank managers at Dime Community Bancshares require a higher ratio of rental income to debt service for commercial real estate loans than multifamily loans.

   True

   False

2 points

QUESTION 27

1. Bank managers at Dime Community Bancshares require a property to generate sufficient rental income to cover a multiple of the debt service.

   True

   False

2 points

QUESTION 28

1. Dime Community Bancshares classifies a building as commercial real estate if less than 80% of the rental income is received from residential tenants.

   True

   False

2 points

QUESTION 29

1. Dime Community Bancshares only originates both adjustable-rate mortgages (ARMs) because fixed rate loans carry too much interest rate risk.

   True

   False

2 points

QUESTION 30

1. Dime Savings Bank of Williamsburg makes loans secured by mixed-use properties. These loans are either classified as residential mixed use or commercial mixed use based upon the percentage of the property's rental income received from its residential as compared to its commercial tenants.

   True

   False

2 points

QUESTION 31

1. Generally, the interest rate on the commercial real estate loans originated by Dime Community Bancshares is equal to the 5-year Federal Home Loan Bank of New York advance rate.

   True

   False

2 points

QUESTION 32

1. In 2018 an anchor tenant in a mall that iStar had foreclosed on, liquidated and closed its store. While this was a negative event for iStar the leases on other properties in the mal were unaffected by this liquidation.

   True

   False

2 points

QUESTION 33

1. In 2018 iStar had to record an impairment of $50 million associated with an entertainment complex located in Coney Island.

   True

   False

2 points

QUESTION 34

1. In 2018 iStar recoded a $47.1 million impairment on a regional mall located in Chicago.

   True

   False

2 points

QUESTION 35

1. Loan officers of Dime Savings Bank of Williamsburg consider only the future value of a property when deciding whether or not to make a loan.

   True

   False

2 points

QUESTION 36

1. Managers of Dime Community Bank have a policy of generally initiating foreclosure proceedings on real estate loans when a loan enters non-accrual status based upon non-payment.

   True

   False

2 points

QUESTION 37

1. The Coney Bath project did not contribute any revenue to iStar during fiscal year 2018.

   True

   False

2 points

QUESTION 38

1. The Dime Savings Bank of Williamsburg originates both ARMs and fixed-rate loans, depending upon customer demand and market rates of interest.

   True

   False

2 points

QUESTION 39

1. The business of Dime Community Bank is insulated from changes in real estate values because it only makes variable rate loans.

   True

   False

2 points

QUESTION 40

1. The competitive advantage of Dime Community Bank is the willingness of its managers to originate loans to subprime borrowers.

   True

   False

2 points

QUESTION 41

1. The financial performance of an entertainment complex in Coney Island has been deteriorating and managers of iStar expect the project to continue to lose money. This is depressing the value of the project.

   True

   False

2 points

QUESTION 42

1. The largest single asset type of Dime Community Bancshares is the adjustable-rate multifamily residential loan.

   True

   False

2 points

QUESTION 43

1. The only sources of revenues for iStar Inc. in 2018 was from the sale of land to developers.

   True

   False

2 points

QUESTION 44

1. The principal business of Dime Community Bank is gathering deposits from customers within its market area and via the internet, and investing them primarily in money market securities.

   True

   False

2 points

QUESTION 45

1. iStar Inc currently owns properties that it took from borrowers when they defaulted. Most of this property ended up on the balance sheet of iStar due to the collapse in property values during the crisis of 2008.

   True

   False

2 points

QUESTION 46

1. iStar Inc. finances, invests in and develops real estate and real estate related projects.

   True

   False

2 points

QUESTION 47

1. iStar Inc. offers funding for real estate through the origination of fixed or variable rate loans.

   True

   False

2 points

QUESTION 48

1. iStar Inc. will not invest in properties subject to net leases. Management believes that net lease properties expose the company to too much risk associated with the lessee.

   True

   False

2 points

QUESTION 49

1. iStar Inc., plans, develops and sells master planned communities.

   True

   False

2 points

QUESTION 50

1. iStar is trying to find national retailers to lease space in a mall it foreclosed on. Without these national retailers the value of other leases in the mall will decline in value.

   True

   False