Question: QUESTION 22 You are analyzing a REIT with the net operating income and cap rate for each property: NOI Cap Rate Property 1 $650,000 4.50%

QUESTION 22 You are analyzing a REIT with the net operating

QUESTION 22 You are analyzing a REIT with the net operating income and cap rate for each property: NOI Cap Rate Property 1 $650,000 4.50% Property 2 $840,000 5.60% Property 3 $760,000 5.00% There are 1,500,000 issued shares of the REIT. What is the NAV? O $28.75 $27.54 $29.78 $29.53

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