For each of the factors listed below indicate whether the


For each of the factors listed below indicate whether the factor, independently, is likely to increase or decrease the CAP rate on a particular income producing property compared with an average property.

Indicating increase or decrease is sufficient.

a. Lower volatility in rent prices and occupancy rates.

b. Worse location

c. High inflation environment

d. High risk premium environment

e. High expected NOI growth

f. Lower construction quality

g. High quality tenants

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Business Management: For each of the factors listed below indicate whether the
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