"It was in a town in Iowa--or was it in Illi-
nois? I don't remember and anyway it makes no difference.
"Oh yes!that is,
noI do not knowbut I believe he has read a good dealbut not what you would think any thing of.
NASDAQ claims that customers have also reacted positively to the launch of NOIS. Johan Gyllenhoff, Vattenfall Group Treasurer said, "NOIS will be an important contract for active interest-rate swap players, such as Vattenfall.
Peter Gustafsson, Deputy Head of Fixed Income at Swedbank Robur said, "The NOIS contract is a very welcome addition to ROBUR's management of interest-rate derivatives.
In reality, one practical reason that the brokerage and investment communities use NOIs calculated without deductions for reserves and leasing commissions is that doing so is pleasing to sellers and buyers.
If survey results are to be used to confirm or test the reasonableness of rates derived from market sales, a blended average rate from a survey should be adjusted up for use with NOIs developed by methods 1 and 2 and down for the NOI developed by method 3.
An area of particular confusion involves the comparison of net operating income (NOI) projections and operating ratios of the subject with those of comparable sales.
Such factors of operations as atypical income, vacancy, expense, or NOI levels may surface through direct comparison of these items or through ratio analysis.
But would the manager seek the level of vacancy that would maximize
NOI? If so, is the manager's duty to the owner the force that would assure
NOI maximization?