Beruflich Dokumente
Kultur Dokumente
Reconstructing the
Reconstructing the
Operating History
Operating History
LDM GROUP
LDM GROUP
Franklin Templeton Asset Group
Franklin Templeton Asset Group
71 71
Overview of Operating
Overview of Operating
Statement
Statement
s
s
funds
funds
amount of
amount of
rental revenue a property would
rental revenue a property would
generate with no vacancies
generate with no vacancies
Operating expenses
Operating expenses
include all
include all
cash expenditures required to
cash expenditures required to
maintain and operate the property
maintain and operate the property
so as to generate the gross rent
so as to generate the gross rent
the
the
difference between effective gross
difference between effective gross
income and operating expenses
income and operating expenses
Debt service
Debt service
consequence of
consequence of
using borrowed money to acquire
using borrowed money to acquire
property
property
After
After
-
-
tax cash flow= bottom line
tax cash flow= bottom line
Subject property
Subject property
s operating
s operating
history
history
Published compendiums of
Published compendiums of
similar properties as
similar properties as
benchmarks
benchmarks
78 78
Table 5.2
Table 5.2
79 79
Table 5.3
Table 5.3
80 80
Table 5.4
Table 5.4
81 81
Table 5.5
Table 5.5
82 82
Table 5.6
Table 5.6