People of RIG
This RIG member has a side career as a rap artist.
Who is Preston?
This recent movie, starring Ariana Grande and Cynthia Erivo, became the highest-grossing film adaptation of a Broadway musical and the fifth-highest-grossing film of 2024.
What is Wicked?
This firm that made data centers and single family homes popular among RE investors, and recently closed the largest RE debt fund ($8bn) in March.
What is the 'Make America Wealthy Again' Event? announcing Reciprocal tariffs on 25+ countries for Trump's 'Liberation Day'
This is a basic financial model that projects the expected revenues, expenses, and cash flow of a property.
What is a pro forma?
A property generates $120,000 in annual rental income and incurs $30,000 in operating expenses. What is its Net Operating Income (NOI)?
What is $90,000?
This is the name of the speaker for this Thursday's Landmark Series event.
Who is Seth Singerman?
This person / movie won best picture / actor / actress in the 2025 Oscars.
What is Anora or Who is Adrien Brody / Mikey Madison?
This record was broken in the United States Senate yesterday. (2x points for name and time)
What is the Filibuster? (Cory Booker made the longest Senate speech - 25hrs - breaking the previous record of 24 hrs 18 mins set in 1957.
This lease structure requires the tenant to reimburse all operating expenses to the landlord.
What is a Triple Net (NNN) Lease?
RIG buys a property for $100M, 60% LTV, and $0 NOI (perpetually). What sale price would we need to get a 2x Equity Multiple?
What is $140M?
This RIG member studied abroad in Rome this Fall.
Who is Nicole?
Released on March 14th, this rap music album reached #1 on the Billboard 200 and has remained there since.
What is "MUSIC" by Playboi Carti
This was the name [or purpose] of today's White House Rose Garden event, where Trump spoke (and made headlines) at 4:00pm ET today.
What is the 'Make America Wealthy Again' Event? announcing Reciprocal tariffs on 25+ countries for Trump's 'Liberation Day'
These are the three metrics used to size a loan in commercial real estate.
What are LTV, Debt Yield, and DSCR?
You buy a building at an 8% Cap Rate, 50% LTV, and 6% interest rate. Assuming no CapEx, what's the Y1 Levered Cash-on-Cash?
What is 10%?
This RIG member worked for Mr. Beast.
Who is Charlie?
Name 2 of the 4 teams in the March Madness final four.
Who are Auburn, Florida, Duke, Houston?
Which company had the largest IPO in 2024?
What is Lineage?
This valuation method is commonly used to value REITs, and functions by calculating the market value a company's Balance Sheet.
What is the Net Asset Value (NAV) valuation?
What is the Unlevered IRR?
Hold Period: 3 Years
Y1 NOI: $100
NOI Growth: 3.0%
Going-In Cap Rate: 5.0%
Exit Cap Rate: 5.0%
Assume NOI = UL FCF
What is 8.0%?
These are the founders of RIG.
Who are Paul, Ben, and Alessandro?
This sci-fi mystery TV show, with Season 2 dropped in January, surpassed ‘Ted Lasso’ To Become Apple TV+’s Most Watched Series.
What is Severance?
Option 1: This is the developer behind Lincoln Yards, the redevelopment of once vacant industrial land between Bucktown and Lincoln Park.
Option 2: This large Fashion retailer filed for its second Chapter 11 bankruptcy in six years, in March.
Option 3: These companies were the primary developers and major equity partners of Hudson Yards in New York.
Option 1: What is Sterling Bay?
Option 2: What is Forever 21?
Option 3: Who are Related Companies and Oxford Properties Group?
What is the metric developers compare with their projected Exit Cap Rate to determine the profitability of their project?
What is the Yield on Cost?
Solve for Maximum Land Value:
Unit Count: 80
Monthly Rent: $1,000
Operating Expense Ratio: 50%
Soft & Hard Development Costs: $4,000,000
Going-In Cap Rate: 5.0%
Minimum Yield on Cost: 10.0%
assume GPR = EGR
assume numbers apply to Stabilized NOI
What is $800,000?