Part B (i.) needed (other parts are correct

You are an analyst with Perception Partners and have been asked to make pricing recommendations regarding the acquisition of Rose Garden Apartments. This project was built five years ago and contains 250 units in a suburban market area. The broker that brought the project to your attention indicates that the asking price will be $27,000,000. She has also provided the attached information based on a market survey showing data from three sales of comparable apartment properties that have occurred in a one-mile radius of Rose Garden during the past six months (see table below). hould Rose Garden have a lower going-in cap rate than all other comparables? If Rose Garden is acquired for $27,000,000, what would be the going-in cap rate at that price? How does this compare to cap rates for the comparables? What do you think may account for any differences? (Do not round intermediate calculations. Enter "Going in cap rate" as a percent rounded to 2 decimal places.) Can Rose Garden achieve 8% required return over the five year period of ownership? Can Rose Garden achieve 8% required return over the five year period of ownership