Inter-Divisional Land Acquisition

Policy Goals  Economic Development
Regulatory Guidelines  FAA
CapalCapachy
Opportunity Costs
Development/Market Considerations
Lease-Up Risk





Absorption Rates
Governance  Long-Term Perspective

Inter-Divisional Land Acquisition
Example: 50 Acres Purchased $13M, Infrastructure Investments $5.8M
Assumgtions:
Land Lease Payments, 30 Year Term, 9% Cap Rate
Leased-Up Over 7 Years
Bond Financing  5% Rate, 20 Year Term, Level Amortization


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Inter-Divisional Land Acquisition
Example: 50 Acres Purchased S13M, Infrastructure Investments $5.8M
Assumptions:
Land Lease Payments, 30 Year Term, 8% Cap Rate
Leased-Up Over 7 Years
Bond Financing  5% Rate, 20 Year Term, Level Amortization


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I: OE Flow Cash Balance

Inter-Divisional Land Acquisition
Example: 50 Acres Purchased $13M, Infrastructure Investments $5.8M
Assumgtions:
Land Lease Payments, 30 Year Term, 10% Cap Rate
Leased-Up Over 7 Years
Bond Financing  5% Rate, 20 Year Term, Level Amortization