For each statement, indicate whether the statement is true or false and briefly explain why. If the statement is false, simply stating the statement's negation is not enough. One or two sentences will be enough. Do not write more than three sentences. 1. In a world of uncertainty, the cap rate has three ingredients. 2. Tenant improvements are regular expenses that occur on a year by year basis regardless of whether you rent out units to new tenants. 3. Assume all tenants in a building have triple-net (NNN) leases. If vacancy occurs in this building, expense reimbursements from remaining tenants are increased to make up for the missing reimbursements that would otherwise come from the empty units