Our most recently publicly available - 2016 reports the following on line 24 a. in Part IX (Functional Expenses)

FIELD OPERATIONS: $138,835

But 2016 probably isn't a good year, or steady state since it included larger investment in two key properties that were one-off in nature.

I'd swag $100K per year as honest proxy to cover rents, improvements (and in large part landscaping).
Yes any deal we see through municipal or governmental opportunity (school district, town, city, etc.) will certainly prove less than private agreements that most often include large overhead and we are excited with potential upside here


satus quod perago validus - start and finish strong