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please answer the following multiple choice question(s): 6. In the short run REIT listed (publicly traded company) nancial equity returns track to A. B. C.

please answer the following multiple choice question(s):

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6. In the short run REIT listed (publicly traded company) nancial equity returns track to A. B. C. D. and' in the long run to Core RE Style Funds Opportunistic RE Style Funds Overall General trend of the Equity Markets, overall General trend of the RE private Property Markets RE Opportunistic Style Funds, RE Core Style Funds Overall General RE trend of the private Property Markets, Overall General trend of the Equity Markets 7. REIT Net Asset Values (NAVs) a. d. e. f. Are calculated by REIT internal managements to demonstrate favorable performance by the executive leadership team Are required to be a member of the NAREtT Association Are part of the requirements of federal SEC fiiings and capital market syndicate offerings Are a nancial tool computed and utilized by REIT equity analysts B, C & D B & D 8. Ground Leases a. b. c. e. f. Are not permitted in CMBS transactions Are always higher risk to equity investors May give the ground Lessor control of all of the real estate improvements in a credit default scenario The risk to the lessee is most affected by duration, escalations, and options associated with the ground lease All of the Above C 8! D 9. Examples of subordinated debt are a. b c. d. e An unsecured REIT Revolving Line of Credit when all existing REIT property assets are encumbered by 15t mortgages liens An unrated CM BS 3 piece tranche The mezzanine loan added to a 1St mortgage real estate property loan All of the above OnlyA & B

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