AFM211 Lecture 8: Smith Notes
16 Sep 2016
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Document Summary
Ben smith, president of scd: presentation to group of express investors re. shadow anchoring proposed scd plaza, need to secure financing. Oshawa: gm corporate + gm manufacturing facility, uoit, growing population. Land developing company commercial and industrial: site selections, acquisitions, investment structure, project financing management, design development, etc, 21 companies managed. Annual rental revenue . 5 to . 5 per sq feet: average rental revenue . 56/sq feet, rent in cash on first of each moneth. Vacancy factor ratio of 3% (units that may be empty in year) 33. 03-acre must be purchased entirely: three phases. Phase i (13. 69) sold to express for retail and parking. Phase ii (13. 28) 156k sq feet for retail. Properties purchased financed through partnerships with public real-estate investment trusts, pension funds, investment firms, investment syndications: investment syndications. Each property financed through different mix of investors. Could secure . 4m mortgage over 25 years @ 4. 5% to pay back investors ,811/month.
