Annualized NOI means the annualized net operating income for the Property, calculated as follows: the sum of (i) the net operating income for the Property for the month immediately prior to the month in which the Exercise Notice is delivered plus (ii) the net operating income for the Property for the month in which the Exercise Notice is delivered plus (iii) the net operating income for the Property for the month immediately following the month in which the Exercise Notice is delivered, annualized.
Annualized NOI means, with respect to an Income Property or a -------------- Property subject to a Direct Financing Lease, as of any given date, the annual net operating income from the collection of rents and reimbursements according to leases in good standing, including income from property accounted for as Direct Financing Leases, after deducting all Operating Expenses, calculated by annualizing the income received and Operating Expenses incurred during the quarterly period ending most recently prior to such date, reported in accordance with GAAP. "ANNUALIZED NOI" for properties acquired by the owner thereof during -------------- any Measurement Period may be adjusted to reflect the actual performance of such property for the entire quarterly period irrespective of the date such property was acquired.
Annualized NOI means, for the period of the immediately preceding calendar month and the succeeding eleven (11) calendar months thereafter, the anticipated gross income from operations of the Real Estate (excluding the proceeds of any loans, contributions to capital, the proceeds from any sale, exchange or other disposition of all or any portion of the Real Estate, and the proceeds from any casualty insurance or condemnation), including base rental and expense reimbursement revenue (based on a lease-in-place analysis which reflects the then current leases in place and not in monetary default in an amount in excess of two (2) months of rent under any such lease), health club income, antennae income, storage income, service fees, charges, and other income earned by the Real Estate, less the anticipated operating expenses of the Real Estate (such as cleaning, utilities, administrative, landscaping, security, maintenance, repair, and management, health club, marketing, and reserves for replacements of $0.15 per square foot) for such period (but not less than the amount of such expenses for the most recently ended 12 calendar month period), and less the anticipated fixed expenses (such as insurance premiums and real estate taxes or assessments) for such period (but not less than the amount of such expenses for the most recently ended 12 calendar month period, provided that if Prime provides reasonable evidence to Indemnitee that real estate taxes or assessments will decrease, lower estimates may be used for such expenses), but excluding all anticipated capital expenditures in excess of $40,000 per month, leasing commissions in excess of $200,000 per year, debt service under the Junior Loan and Senior Loan, depreciation and amortization, amortization of above/below market leases, bad debt expenses for prior periods, bad debt expenses related to leases no longer in place, and other similar non-cash items. Such gross income and expenses for any period shall be determined on a cash basis.
Examples of Annualized NOI in a sentence
Total and subtotals calculated based on current quarter Annualized NOI.
Forecasted Annualized NOI is computed by annualizing the current quarter NOI for the Trust’s income properties that are not encumbered by secured debt, and is a forward-looking non-GAAP measure.
In these cases, the first set of numbers relate to the retail asset and the second set relate to the multi-family asset.(c) Hotel property percentage occupied and is the average for Q1 2020.(d) Annualized NOI for these properties are based on a trailing 12-month calculation due to seasonality of the respective businesses.(e) The Las Vegas Ballpark presentation is inclusive of the results from both the stadium operations and those of our wholly-owned team, the Las Vegas Aviators.
The rules may be modified by Us at any time by posting the modified terms on the relevant page(s) of the platform.
Any repayment made to GMU on a returned check must be in the form of a valid credit card (paid online), cashier’s check or money order, payable to GMU and sent directly to: Pam Vogel, MSN 1F2 (Fax: 703-993-3681)George Mason University 4400 University DriveFairfax, VA 22030 Please Note: Bank reports for returned checks usually take 4-6 weeks to come back to this office.
More Definitions of Annualized NOI
Annualized NOI means the projected annualized net operating income of a property determined as of the applicable Calculation Date on an accrual basis by calculating the excess of:
Annualized NOI means the annualized net operating income for the Property, calculated as follows: the sum of (i) the net operating income for the Property for the month immediately prior to the month in which the Exercise Notice is delivered plus (ii) the net operating income for the Property for the month in which the Exercise Notice is delivered plus (iii) the net operating income for the Property for the month immediately following the month in which the Exercise Notice is delivered, annualized. “Project Indebtedness” shall mean any outstanding financing or other arrangements entered into by or on behalf of the LLC which relate to the Property, including, without limitation, any mezzanine or bridge financing, or amendments or extensions thereof. The transfer of the LLC Interest as contemplated by this Agreement shall be subject to any Project Indebtedness.
Annualized NOI means, with respect to an Income Property or a -------------- Property subject to a Direct Financing Lease, as of any given date, the annual net operating income from the collection of rents and reimbursements according to leases in good standing, including income from property accounted for as Direct Financing Leases, after deducting all expenses incurred to operate the property, including, without limitation, an allocation of hypothetical management fees of three percent (3%) of rent, administration, insurance, repairs, maintenance, utilities, property taxes and a reasonable reserve for structural replacements and repairs, but exclusive of any debt service payments under any indebtedness secured by the subject property, if any, calculated by annualizing the income received and expenses incurred during the quarterly period ending most recently prior to such date, reported in accordance with GAAP. "Annualized NOI" for properties acquired by the owner -------------- thereof during any Measurement Period may be adjusted to reflect the actual performance of such property for the entire quarterly period irrespective of the date such property was acquired.
Annualized NOI means, at any date of determination and with respect to the Collateral Facilities, the amount equal to the sum of (a) Adjusted Net Cash Flow, calculated for the twelve months ended on the last day of the preceding calendar quarter and based on the financial statements delivered to the Lender for such quarter and (b) if written approval is received from the Lender by the Borrower, which approval is in the Lender's sole discretion and may be conditioned on, among other things, satisfactory security arrangements, 50% of the annualized management fees of the Borrower from the Collateral Facilities.
Annualized NOI means an amount equal to (x) the aggregate net operating income attributable to the Facilities for any period of months (in each case, the "Applicable Period"), calculated on a basis consistent with the manner presented to Buyer and as shown on Exhibit B attached hereto, multiplied by (y) the quotient of 12 divided by the total number of months in the Applicable Period. As an example only, if the net operating income of Seller for the four-month period ended April 30, 2002 were to be $1,000,000, then Annualized NOI would be $3,000,000 (calculated as $1,000,000 x (12/4)).
Annualized NOI means the net operating income for the Option Property for the three months immediately prior to the month in which the Exercise Notice is delivered multiplied by 4. Net operating income shall mean net income for the Option Property plus interest expense, loan procurement amortization expense (if applicable), depreciation, management fees to related parties/general and administrative (if applicable)(and, in each case, otherwise in a manner consistent with the manner in which net operating income was determined for purposes of the disclosure in the prospectus for USI’s initial public offering). “FMV” for purposes of this Section 3.1 shall mean the price at which a willing buyer would buy, and a willing seller would sell, such Option Property in an arms-length transaction assuming such Option Property is sold in an orderly disposition on the terms (other than purchase price) set out in this Agreement and each of the buyer and seller are aware of, and take into account, all relevant factors which exist at the time. In the Exercise Notice, USI shall designate an appraiser (the “First Appraiser”) to determine FMV for such Option Property. Optionor then shall have 10 days after receiving such notice to designate a second appraiser (the “Second Appraiser”) by written notice to USI. If Optionor fails to timely designate the Second Appraiser, FMV shall be determined by the First Appraiser. The First Appraiser and the Second Appraiser each shall separately determine FMV in accordance with this Section 3.1(a) and shall provide a detailed written valuation report to each of Optionor and USI within 20 days after the last day for designating the Second Appraiser. The designation of the First Appraiser shall be approved by a majority of the members of the Board of Trustees of the REIT, which majority must include a majority of “independent” trustees, as defined in the REIT’s Bylaws. If only one appraiser timely submits a proper valuation report, its FMV determination shall be final, binding and conclusive for purposes of this Agreement. If both appraisers timely submit proper valuation reports, and their FMV determinations vary by 10% or less, FMV shall be equal to the average of the two FMV determinations. If both appraisers timely submit proper valuation reports, and their FMV determinations vary by more than 10%, the two appraisers shall promptly appoint a third appraiser (the “Third Appraiser”), which shall independently determine FMV in accordance with Section 3.1(a...
Annualized NOI means the product of (i) four, multiplied by (ii) NOI for the Relevant Period.