Pilgrim Case Essay examples

Words: 1139
Pages: 5
Open Document
TO: Professor Simon
FROM:
DATE: May 19th, 2014
OBJECT: Equity Contribution for Pilgrim Assurance Building

On behalf of David Bailey, there have been individuals looking into the property located at 795 Atlantic Avenue. As an investor, Bailey is interested in making an offer on the property however he is trying to make his offer look more attractive than the competitors. With thorough research, he has found ways that would improve the building and in turn generate a larger yearly cash flow while still being able to improve the building. Bailey was also considering converting the current office space building into condominium units but that was strictly dependent on the revenue that could be generated from doing so. …show more content…
The second solution available to Bailey if he were to successfully outbid his competitors would be to convert the current office spaces into condominiums. While the entire conversation process would take about two years and that would be 2 years that he is missing out on revenue, in the end the revenue generated by the condo income is well worth taking a loss the first two years. When converting the space into condos, he would be taking in a profit of about $350 to $400 per square foot. This conversion would include 150 units with an average size of the unit being 1,060 square foot and cost him about $200 per square foot to convert. By doing this he would be reducing the total saleable area because he would need to create more new common areas and hallways, but even so, Bailey would still generate an enormous profit. Taking all of this into account, the projected value of the building 5 years from the purchase date with the interior consisting of condos would be $17,979,598.21. Also by converting the building into condos, yes there would be a loss of net operating income in the first 2 years, but in the third year the income would be $16,326,807.50 (see Exhibit B).

IV. RELATIVE DATA
With the conversion of the Pilgrim Assurance into condos, it is a 159,000 square foot project with approximately a 30% vacancy rate. Using the value of $600 per square foot as the
Show More

Related Documents: Pilgrim Case Essay examples

St Menas Artefact

very underwhelming. The artefacts, including the flask, were all encased in a large glass case. The case was at eye level, but the artefacts were put on a lower platform inside the cases, this meant that viewers had to kneel or stoop to see the artefacts clearly. The case consists of two sides, both sides are filled with Byzantium objects. The side shown in the pictures, is where the flasks were placed. The cases also had place cards, that served two purposes. The first purpose was to give historical…

Words 2150 - Pages 9

Philbrick's Mayflower, By Tim Challies

and, would be seen by reviewers as a glimpse into the New World. According to Tim Challies, an online blogger and book reviewer stated that “As I read about the early days of Plymouth I could almost sense the bitter cold and feel the anguish as the Pilgrims mourned the death of another of their people. I understood the bond they felt and wanted them to succeed in building their utopia. History really seemed to come to life.” Not only would Challies be impressed by this depiction of the colonists of…

Words 446 - Pages 2

Essay about Pilgrim Monument

The Architecture of The Pilgrim Monument Art301 August 26, 2012 The architectural structure of the Pilgrim Monument in Provincetown, Massachusetts is a monument that I see daily in the distance and have visited on field trips numerous times as a child. Even though I have grown up here I am not very familiar with the history and construction of this structure. This assignment inspired me to visit this part of our town’s history as an adult and…

Words 884 - Pages 4

Pilgrim's Understanding Jim Crow

Pilgrim, D. G. J. H. L. (2015). Understanding Jim Crow. Oakland: PM Press. Retrieved from http://ebookcentral.proquest.com.ezproxy.snhu.edu/lib/snhu-ebooks/detail.action?docID=4306903 Pilgrims book teaches the history of the American Jim Crow era providing artifacts, caricatures, cartoons, books, advertisements, and memorabilia from his Jim Crow Museum of Racist Memorabilia at Ferris State University. In his book with a foreword by Henry Louise Gates, Jr., the two professors, analyze, examine and…

Words 550 - Pages 3

Ethics in Science Tobacco and Lead Essay

Dante the pilgrim of the righteousness of his actions. However, based on Dante’s own judgment on hypocrites, who are guilty of misusing their intellect, the poet himself belongs in the sixth pouch of the Malebolge among other hypocrites for selectively using Virgil as the voice of reason to justify the unjust actions of Dante as a pilgrim and muting reason in situations where it ought to speak out against his ruthlessness. Dante uses Virgil to praise the violence of Dante the pilgrim in many…

Words 725 - Pages 3

Northern Colonies Characteristics

In The Northern (New England) colonies, immigration was based on two things, because of there being both pilgrims and puritans; fifty percent pilgrims, and fifty percent puritans. The pilgrims wanted to escape religious persecution, and the puritans wanted to purify the Church of England. Because of the fact that the pilgrims were separating from the Church of England, this meant that they did not want to support them economically or in battle. On the other hand, the puritans wanted to purify the…

Words 717 - Pages 3

Comparing Pilgrim's Guide To Santiago De Compostela

of dangers involved in traveling to Santiago de Compostela. In the twelfth century, the majority of French pilgrims traveled along the camino de Santiago. Olivia Constable relates a story from the Pilgrim's Guide to Santiago de Compostela that "while we were going to Santiago, we met two men of Navarre sitting sharpening their knives; they are in the habit of skinning the mounts of pilgrims who drink that water and die. When questioned by us, these liars said that it was safe to drink. We therefore…

Words 1429 - Pages 6

Essay New England and Religious Flexibility

from one main consideration: the very reason the pilgrims went to the New World. This influenced the states in truly every way, including monetarily, socially, and politically. The Chesapeake locale of the states included Virginia, Maryland, the New Jerseys (both East and West) and Pennsylvania. In 1607, Jamestown, the first English province in the New World (that is, the first to flourish and succeed), was established by a gathering of 104 pilgrims to a promontory along the James River. These pioneers…

Words 1087 - Pages 5

Spread Of Islam Research Paper

It begins with walking around the Ka’bah, known as the most sacred place to Muslims and the ‘house of God’ and through mountains. The pilgrims then stand together on the wide plain of ‘Arafah’ and join in prayers for God's forgiveness, in what is often thought of as a preview of the Last Judgment. The pilgrims also cast stones at a stone pillar which represents Satan. The pilgrimage ends with a festival, called Eid Al-Adha, which is celebrated with prayers, the sacrifice…

Words 874 - Pages 4

Slaughterhouse Essay

Brady Jeffery Mrs. Green Eng3U November 4th, 2014 Slaughterhouse - Five In Slaughterhouse - five, the main character Billy Pilgrim on numerous occasions is used to spark the question in all reader's minds does free will truly exist. In Slaughterhouse - Five, there are many different times where free will does, but also does not exist. In the novel, Billy Pilgrim is portrayed to show many different themes and symbols about War and life itself. Slaughterhouse - Five by Kurt Vonnegut embodies…

Words 650 - Pages 3