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Seabreeze Properties is evaluating a real estate investment of Green Hills Estates. Management plans to buy the property today and sell it 12 years from

Seabreeze Properties is evaluating a real estate investment of Green Hills Estates. Management plans to buy the property today and sell it 12 years from today. The initial cost of the property is $7 million and the expected sale price is $19 million. What is the IRR of the investment? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.

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ISE Real Estate Finance And Investments

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