Foreigner investor group to build luxury condominium tower

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Reference no: EM13948593

The following investment of a 200,000 square foot parcel of land in downtown Miami has this investment profile. $20,000,000 purchase price. The property will sell right away(in same year) to build a luxury condominium tower for $40,000,000 to a group of foreign investors that want to investment in the area. a) What is the IRR of this property if sold to the foreigner investor group to build a luxury condominium tower? Please share your logic.

Reference no: EM13948593

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