Investor Presentation September / October 2006 - Boardwalk REIT
Investor Presentation September / October 2006 - Boardwalk REIT
Investor Presentation September / October 2006 - Boardwalk REIT
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Conversion Opportunity – Century TowerOPTION 2Condo ConversionNumber of Units 90Average Size (SqFt) 823Total Size (SqFt) 74070Selling Price ($/SqFt) $ 300Gross Proceeds $ 22,221,000Vend in Price ($/unit) $ 74Gross Vend Price $ 6,600,000Upgrade Costs $ 7,500,000Net Gain $ 8,121,000Mrkt Value Appreciation 10%Net Gain with Appreciation $ 10,343,100Gain Per Unit $ 0.20<strong>Boardwalk</strong> Real Estate Investment Trust24
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