|
SECTION II
<br />ta
<br />www.FinanceDTA.com
<br />II LRV OF THE PROJECT
<br />LRV OF THE PROJECT
<br />DTA prepared a market study, dated July 3, 3023, for the residential, retail, hotel, and
<br />congregate care products included in the Project. The Project's NAV is summarized below.
<br />Table 6: NAV of the Project
<br />.- . .
<br />! .
<br />Apartment
<br />3,750 DU
<br />$1,183,134,000
<br />$396,868,000
<br />$287,318,000
<br />$1,867,320,000
<br />Commercial
<br />350,000 SF
<br />$99,921,000
<br />$46,680,000
<br />$72,236,000
<br />$218,837,000
<br />Hotel
<br />250 Rooms
<br />$94,619,000
<br />$0
<br />$0
<br />$94,619,000
<br />Congregate
<br />200 Rooms
<br />$106,470,000
<br />$0
<br />$0
<br />$106,470,000
<br />Parking Structures
<br />1
<br />$47,860,000
<br />$13,280,000
<br />$28,880,000
<br />$90,020,000
<br />Total Revenues
<br />1 $1,532,004,000
<br />1 $456,828,000
<br />1 $388,434,000
<br />$2,377,266,000
<br />Below is a summary of the NAV for residential uses.
<br />Related Bristol at 3600 South Bristol Street
<br />Land Residual Value Study Report
<br />Exhibit 10
<br />September 27, 2023
<br />
|