Ground Lease

                    Land Values    Square Footages per sqf

Stage $938,890.00    361,112.00 $2.60
Wild Horse $290,190.00    96,729.00 $3.00
Vacant $147,000.00     29,400.00 $5.00

                    $1,376,080.00 487,241.00

Ground Rent $24,000.00     487,241.00 $0.049

8 Times Value $264,000.00 487,241.00 $0.54


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