The Assignment The assignment is to act as if you have been presented the opportunity to purchase the site known as 102 Orange St. in Newark, NJ ("The Property"). The objective is to purchase the land, develop it, then hold it for 5-10 years. A disposition might be made during the 5-10 years, and the Student is encouraged to find which year makes most sense for this sale and explain why as brownie points, otherwise please complete a 10 year analysis. As the "Developer", you will be responsible for providing the following in a presentation to a potential investor: 1. Zoning Analysis - this is the first step to understanding what can be built on the development site. 2. Market Analysis - this will present an understanding of the market conditions and determine the rents for your development 3. Financial Model - to understand the financial feasibility of the proposed project. 4. Investor Offering Memorandum - to present your project and sum up your business plan. For the purposes of this assignment, the purchase price of this land will be set at $5.0 million/per acre. Cap rates typically fluctuate for many factors including market conditions, age of property, room for