8K out - Due to the location of the subject site and its moderate slope, a majority of the subject’s proposed homes would have some degree of ocean view. The subject is more fully described, legally and physically, within the enclosed report. All values are reported in U.S. Dollar currency.
Based on the analysis contained in the following report, the market value of the subject is concluded as follows:
MARKET VALUE CONCLUSION
Appraisal Premise: As Is
Interest Appraised: Fee Simple Estate equivalent (Mexican Corporation)
Date of Value: February 15, 2018
Value Conclusion: $42,000,000