test 1 student_old exam 1

test 1 student_old exam 1 - REE 4303 Real Estate Investment...

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REE 4303 - Real Estate Investment Analysis – Dr. Anderson – Test 1 Name_____________________________________ PID _____________________________________ Short Answer (Bullet points or short sentences acceptable) 1. What are the two fundamental markets in commercial real estate? (2 Points) 2. List the three (3) major determinants of cap rates: (3 Points) 3. If the cap rates prevailing in a given market are 8.5%, then how much would you expect a property to sell for in that market if its annual net income were $125,000? (2 Points) Briefly describe the following terms (4-6) 4. The ‘replacement cost’ level of rent (2 Points) 5. MSA (2 Points) 6. Net Absorption and Gross Absorption (3 Points)
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What would be the ‘short-term’ effect of an increase in demand for space usage on the following factors? (4 Points) 1) Rent 2) Price of real estate assets 3) New development 4) Concessions to Tenants from Landlords 8. List the major determinant of demand for the following property types: (10 Points) Apartments Office Industrial Retail Hotel 9. Explain, using the concepts in the 4-quadrant diagram why the real estate market had dramatic growth in prices with little to no rent growth from 2000-2005. Next, explain how the market collapsed in late 2005.
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test 1 student_old exam 1 - REE 4303 Real Estate Investment...

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