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Epstein File EFTA01389059: Construction and Modeling (DS10)

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Financial analysis document containing development and construction data, including statistics on wholly-owned occupancy rates (91.3%-96.7%), development starts totaling $188-$131 million, and modeling projections of $526 million. References ACC construction accounting for 13.7% of 2017 development deliveries, sourced from Deutsche Bank data.

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2.3% 2.1% total Average wholly-owned Occ. las initially reported) 91.3% 92.5% 92.7% 96.7% Development starts (in MM's) $0 $188 $131 Owned projects under **construction**
Excerpt 2
ACC **construction** (ACC accounts for 13.7% of all 2017 development deliveries in their markets, up from 5.1% in 2016) Source: Deutsche Bank, company clata
Excerpt 3
We are **modeling** $526MM to close during 40.

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