Within the realm of Real Estate Investment Trusts, the method of Net Asset Value $($NAV$)$ acts as a guiding principle, reminiscent of its role in Mutual Fund investments. Picture an investor, possessing a $10\%$ stake in a REIT with a total of $100,000$ outstanding shares. In this intricate financial narrative, the focus sharpens on unveiling the value embedded within this investor's ownership. The stage is set against the backdrop of last year's Net Operating Income $($NOI$),$ a robust $$584,960.$ Looking ahead, a modest $1\mathrm{.}6\%$ projected growth rate in NOI for the upcoming year adds a layer of anticipation.

Non$-$cash rents contribute a tune of $$9,885,$ while the resonance of acquisitions throughout the year amounts to $$5,279.$ A reservoir of liquidity lies within cash and cash equivalents, standing strong at $$74,388.$ The future is marked by the promise of undeveloped land, valued at $$27,874.$ Make all calculation with assumption of $11\%$ rate for capitalization.