I didn’t even know what ingredients were causing the
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Thus did we fulfill, in the most perfunctory way, the Chapel
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Our cash yield is 6.7%, which translates into a very healthy profit margin of around 50%, considering that prevailing market cap rates for similar assets are in the mid 4% area.Excluding the now stabilized First Sycamore 215, as of today, our completed and in process speculative developments totaled $322 million, comprising 4.8 million square feet with a targeted weighted average cash yield of 7.3%. More than half of this development investment is in Southern California and also includes projects in Central Pennsylvania, Chicago, Phoenix, as well as the Houston property mentioned earlier. We believe the weighted average cap rates in today’s market for these projects when stabilized would be in the mid 4s, which implies a margin of approximately 60%.Just a quick update on The Ranch, our six building project in the Inland Empire West.

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