1. Answer true or false. Justify your answer briefly (30 points, 2.5 points each) The offering memorandum is a deposit that shows the purchasing a property let that a buyet is een (2) The break rent per sq. ft. ratio does not ay by the current occupancy level levert 3. In a gross multifamily residential lease the landlord pays all operating expenses. True only in net does tenany pay. Also this happers mostly in commercial! 14. Rent burden, a common measure of housinfattordability calculates whether an individual can purchase a median value home in het metropolitan wrea under a year mange 5. If a mortgage is 'interest only, the interstate equals the debt constart True 6. The band of investment method to calculate cap rates equates the caprate to a composite of debt and equity funds. 7. Equity assets get a 'senior' or 'preferred' claim to obtain cash from the asset. 8. Higher economic obsolescence leads to a higher capitalization rate and lower project value. 9. In a leveraged proforma and absent capital expenditures, the free and clear retum equals the cash-on-cash return