Which of the following are adjustments commonly made to NOI in a valuation exercise? I. Subtract recurring
Question:
Which of the following are adjustments commonly made to NOI in a valuation exercise?
I. Subtract recurring capital expense II. Add revenue-generating capital expense III. Subtract mortgage principal payments IV. Add management fees V. Subtract management fees
a) I, V
b) II, III
c) II, III, IV
d) I, II, IV
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