Rent

The table below sheds light on the unit mix and how many units will be allocated to affordable housing. More than 25% of the total developable square footage will be allocated to affordable housing. The rent for each unit type given below is on a per month basis and has been calculated using an approach where discounts and premiums have been allocated on the basis of the rents from comparable properties. In conclusion, on the basis of these assumptions, we expect to make north of $40,000 just in rental revenue. The units will be high quality, spacious, top-of-the-line, and will have access to unparalled amenties, which justifies our market rents for these units.