Adjustments to NOI: Tenant Allowance Over the next four years, Gateway Towers has 40,000 square feet of
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Adjustments to NOI: Tenant Allowance Over the next four years, Gateway Towers has 40,000 square feet of leases rolling at flat rents. The owner’s predict that tenant allowances on new leases will total $25 per square foot. The property expects to have NOI of
$3,000,000. What is adjusted NOI for this asset?
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