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NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220605085f22d27c60400c665437941ahtml5thumbnails2jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=3Page 3button div class=ts-imageimg data-url=real-estate-investing-in-a-rapidly-changing-world-economy-is-a-key-ingredienthtmlpage=3 data-page=3 class=ts-thumb lazyload alt=Page 3: Real Estate Investing in a Rapidly Changing World · Economy is a Key Ingredient in Estate Performance NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220605085f22d27c60400c665437941ahtml5thumbnails3jpg width=140 height=200 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Performance NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220605085f22d27c60400c665437941ahtml5thumbnails5jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=6Page 6button div class=ts-imageimg data-url=real-estate-investing-in-a-rapidly-changing-world-economy-is-a-key-ingredienthtmlpage=6 data-page=6 class=ts-thumb lazyload alt=Page 6: Real Estate Investing in a Rapidly Changing World · Economy is a Key Ingredient in Estate Performance NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220605085f22d27c60400c665437941ahtml5thumbnails6jpg width=140 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Estate Performance NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220605085f22d27c60400c665437941ahtml5thumbnails8jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=9Page 9button div class=ts-imageimg data-url=real-estate-investing-in-a-rapidly-changing-world-economy-is-a-key-ingredienthtmlpage=9 data-page=9 class=ts-thumb lazyload alt=Page 9: Real Estate Investing in a Rapidly Changing World · Economy is a Key Ingredient in Estate Performance NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220605085f22d27c60400c665437941ahtml5thumbnails9jpg 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Key Ingredient in Estate Performance NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220605085f22d27c60400c665437941ahtml5thumbnails11jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=12Page 12button div class=ts-imageimg data-url=real-estate-investing-in-a-rapidly-changing-world-economy-is-a-key-ingredienthtmlpage=12 data-page=12 class=ts-thumb lazyload alt=Page 12: Real Estate Investing in a Rapidly Changing World · Economy is a Key Ingredient in Estate Performance NPI TOTAL RET URN VS REAL GDP GROWTH US Real 60% 40% 20% 00% -20% -40% loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC 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