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Delivering attractive ROI to developers and tenants 19 Value creation for developer View premium¹ Blinds elimination, HVAC downsizing Net investment Rent increase Building area Increase in NOI Cap rate Value creation $5,200,000 ($2,140,000) $3,060,000 $3/SF 500,000 SF $1,500,000 5% $30,000,000 10x return on investment Value creation for tenant ($1.5M) $3.3M Incremental rent Space utilization, energy and maintenance 60X benefits $87.5M ¹ View premium = Total cost of View ($6M) + Installation cost ($0.4M) - Cost of traditional glass($1.2M). 100K SF of Glass; 21% productivity benefit of View. Representative of a typical View installation. Productivity view
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