Chapter 7 discuses how the Roman emperor engaged   in   ext…

Chapter 7 discuses how the Roman emperor engaged   in   extensive  building  programs.  Between 324  and  330  a.d., he  carried  out  his  biggest  project,  the  construction  of   a  new  capital  city  in  the  east,  on  the  site  of   the  Greek  city  of   Byzantium,  on  the  shores  of   the  Bosporus.  This city,   (modern  Istanbul),  was  developed  for  defensive  reasons.

Born in North Africa, St. Augustine was reared by his mother…

Born in North Africa, St. Augustine was reared by his mother, an ardent Christian. He eventually became a professor of  rhetoric  at  Milan  in  384.  But  two  years  later,  after  experiencing  a  profound and moving religious experience, Augustine gave up his teaching position and went back to North Africa, where he served as bishop of  Hippo from 396 until his death in 430. His two most famous books were and .

You are considering purchasing a small office building for $…

You are considering purchasing a small office building for $2,500,000. You expect the potential gross income (PGI) in the first year of rental operations to be $450,000; vacancy and collection losses to be 9 percent of PGI; and the sum of operating expenses and capital expenditures to be 42 percent of effective gross income (EGI). What is the implied first year overall capitalization rate?

Suppose that you just sold a property that has annual proper…

Suppose that you just sold a property that has annual property taxes of $2,427.22. If the closing occurred on March 13th, calculate your share (Seller’s share) of the total property taxes. For this problem, assume that we are dealing with a 365-day calendar year.