id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
abr-9	Lifland, Steven	Appraising Value and Risk of Commercial Assets: Stratifying the Modified Internal Rate of Return in an American and European Put Option Analysis	2010	11	.pdf	application/pdf	4922	338	79	#%$&% 1((!51),!%1(+$.0%&$#%+.2!0$#0:%;3+0%515!#%5#!0!.0%1%!(3.+<*!%31%!.31.(!0%3!%'.1,%+.2!0 ! These are historical purchase prices from 2008 based on data from REIS, Inc. A#F*,(<6(>98%$4#*(29##45,$%5$4%(10(>0G,45%(.$D,%$-,(#&-(@#7#**, A#F*,(<<6(B0**#(!,(7H+#,(I005(J!%1K(B#5#(10(>0G,45%(.$D,%$-,(#&-(@#7#**,( c0'(3*=02*G#:8(*G>0E3*8!$(*!'(93d e* A88*6(2*375#2(*=00'*?63=@*D-52(3*#2(*0$*#$*#$$5#8*:#3!3C** e* c('*S($'#:8(*A2(#*?cSA@*0=*#*:5!8%!$-*!$<85%(%*!$*'.(*'2#$3#<'!0$+*(;62(33(%*!$*375#2(*=(('+*!3*#$*#6620;!9#'!0$* :#3(%*0$*)(2!D(%*65:8!<*2(<02%3C** Project Name Project Riverside Project LaSalle City Chicago Chicago Property Type Multi-Tenant Multi-Tenant Building Area (sf) 702,439 621,428 Buildings/Floors 1/22 1/30 Year Built/Renovated 1965/1994 1984/not yet Property Address Project Riverside Project LaSalle Net Rentable Area (psf) 702,439 621,428 Sale Price (psf) $205.00 $175.00 Average Asking Rent (psf) $27.51 $26.36 Vacancy Loss Rate (%) 14.40% 9.20% Expense Stop (psf) $12.89 $10.91 Free Rent Concessions (psf) $0.23 $0.25 Credit Loss (%) 1.00% 1.00% Operating Expenses (psf) $14.12 $11.89 Capital Reserves (psf) $0.10 $0.11 Going-In-Cap-Rate (%) 5.20% 7.50% 17 Advances in Business Research 2010, Vol. 1, No. 1, 15-25 !#$% e*	cache/abr-9.pdf	txt/abr-9.txt