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Question
One of your top competitors calls with an intriguing proposition. He wants to sell you a great property at a time when the market is very strong and few quality assets are trading. The metrics for this particular asset are strong as well, but there is only one big problem, it is located in Grand Rapids, Michigan. There is general concern in the media and the property marketplace regarding Michigan and its economic future. Create a one page comparison that looks at the economy of Grand Rapids, Michigan, placing it in the context of its state and the nation as a whole. What do you think of making a major investment in Grand Rapids?
Answer
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Related questions
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General
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Depreciation
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Adjustments to NOI: Vacancy Loss
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b) allocations that are reflected in capital accounts
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True or False
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