Centerland Partners has collected information on the recent purchases of three small shopping centers. Centerland is considering

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Centerland Partners has collected information on the recent purchases of three small shopping centers. Centerland is considering the purchase of a similar property with an NOI of $3.1 million.

Shopping Center Castleton Round Fashion Commons Belden Square NOI $2.2 million $3.6 million $2.7 million

a. What is the market capitalization rate?

b. What valuation should Centerland assign to the target property?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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