4. Valuation Given the distribution inputs you defined, calculate the value of your REIT per share and explain your approach. Then, using the REITs value as an entry point for potential investors, answer the following questions:

   • - What is the probability that investors will earn a rate of return that is at least as high as their required rate of return?

   • - What is the probability that investors will earn a rate of return of at least 8% per year

   • - What is the probability that investors will recognize an investment loss greater than 2%

     • per year?

   • 

Blackstone Inc. (BX) NYSE - NYSE Delayed Price. Currency in USD * Add to watchlist + 88 Visitors trend 2w10W 9M | Quote Lookup Q 112.80 -2.17 (-1.89%) 112.80 0.00 (0.00%) At clase: 04:00PM EDT After Hours: 07:35PM EDT Pick 3 free reports per quarter from any company y. profiled All research reports Leam more Options Holders Sustainability Summary Company Outlook Chart Conversations Statistics Historical Data Profile Financials Analysis Previous Close 114.97 136.673B 1D 5D 1M 6m YTD 1Y SY Max Full screen Market Cap Beta (5Y Monthly) Open 113.16 1.31 114.97 Bid 112.15 x 800 PE Ratio (TTM) 13.87 113.83 ALL HOT AND BUTTERED SKINNY POP Ask 113.50 x 1200 EPS (TTM) 8.13 112.80 112.17 POPCORN Day's Range 111.35 - 114.13 Eamings Date Apr 21, 2022 110.50 BUTTER 52 Week Range 76.91 - 149.78 Forward Dividend & Yield 4.06 (3.53%) ) SHOP NOW Volume 3,683,947 Ex-Dividend Date Feb 04, 2022 10 AM 12 PM 02 PM 04 PM Trade arices are not sourced from all markets Avg Volume 4,942,362 1y Target Est 150.71 Morningstar Rating Related Research Undervalued Fair Value XX.XX 13% Est. Return View details Chart Events Bullish pattern detected 10. Inverted Hammer A View all chart patterns Performance Outlook Short Mici Term Term 20-W GW-9 Rating Subscribe Fair Value Subscribe Analyst Report: Blackstone Inc.Blackstone is one of the world's... 6 days ago Morningstar View more Economic Moat Subscribe Long Term 9M+ People Also Watch Symbol All News Last Price Press Releases Research Reports Change % Change KKR 56.26 -1.44 -2.50% KKR Co Inc Reuters. 10 hours ago UPDATE 2-Benettons, Blackstone to launch bid for Atlantia this week - sources The Benettons and U.S. investment fund Blackstone are aiming to launch a takeover offer for Italy's Atlantia this week ti 728.38 -7.72 BLK BlackRock, Inc. -1.05% ithout waluin direktor marinar fara rear clora tothomar pada kondoof that Blackstone Inc. (BX) NYSE - NYSE Delayed Price. Currency in USD * Add to watchlist + 88 Visitors trend 2w10W 9M | Quote Lookup Q 112.80 -2.17 (-1.89%) 112.80 0.00 (0.00%) At clase: 04:00PM EDT After Hours: 07:35PM EDT Pick 3 free reports per quarter from any company y. profiled All research reports Leam more Options Holders Sustainability Summary Company Outlook Chart Conversations Statistics Historical Data Profile Financials Analysis Previous Close 114.97 136.673B 1D 5D 1M 6m YTD 1Y SY Max Full screen Market Cap Beta (5Y Monthly) Open 113.16 1.31 114.97 Bid 112.15 x 800 PE Ratio (TTM) 13.87 113.83 ALL HOT AND BUTTERED SKINNY POP Ask 113.50 x 1200 EPS (TTM) 8.13 112.80 112.17 POPCORN Day's Range 111.35 - 114.13 Eamings Date Apr 21, 2022 110.50 BUTTER 52 Week Range 76.91 - 149.78 Forward Dividend & Yield 4.06 (3.53%) ) SHOP NOW Volume 3,683,947 Ex-Dividend Date Feb 04, 2022 10 AM 12 PM 02 PM 04 PM Trade arices are not sourced from all markets Avg Volume 4,942,362 1y Target Est 150.71 Morningstar Rating Related Research Undervalued Fair Value XX.XX 13% Est. Return View details Chart Events Bullish pattern detected 10. Inverted Hammer A View all chart patterns Performance Outlook Short Mici Term Term 20-W GW-9 Rating Subscribe Fair Value Subscribe Analyst Report: Blackstone Inc.Blackstone is one of the world's... 6 days ago Morningstar View more Economic Moat Subscribe Long Term 9M+ People Also Watch Symbol All News Last Price Press Releases Research Reports Change % Change KKR 56.26 -1.44 -2.50% KKR Co Inc Reuters. 10 hours ago UPDATE 2-Benettons, Blackstone to launch bid for Atlantia this week - sources The Benettons and U.S. investment fund Blackstone are aiming to launch a takeover offer for Italy's Atlantia this week ti 728.38 -7.72 BLK BlackRock, Inc. -1.05% ithout waluin direktor marinar fara rear clora tothomar pada kondoof that