Valuation: Cap Rate The Crescent Arms is a 15-story luxury apartment building in New Orleanss warehouse district.

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Valuation: Cap Rate The Crescent Arms is a 15-story luxury apartment building in New Orleans’s warehouse district. In 2009, the property had adjusted NOI of $2.5 million.

The property was marketed to a broad range of investors and sold for $29.5 million. At what cap rate did the property sell?

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An Introduction To Real Estate Finance

ISBN: 9780123786265

1st Edition

Authors: Edward Glickman

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Question Posted: Oct 17, 2024 05:00 AM

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Valuation: Cap Rate The Crescent Arms is a 15-story luxury apartment building in New Orleanss warehouse district.

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An Introduction To Real Estate Finance

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