Real Estate Valuation Theory

Real Estate Valuation Theory is organized around five categories of intellectual contribution to the whole-appraiser decision making and valuation accuracy, application of nontraditional appraisal techniques such as regression and the minimum-variance gri

  • PDF / 41,447,446 Bytes
  • 441 Pages / 439 x 666 pts Page_size
  • 89 Downloads / 274 Views

DOWNLOAD

REPORT


RESEARCH ISSUES IN REAL ESTATE Sponsored by the AMERICAN REAL ESTATE SOCIETY Volume I APPRAISAL, MARKET ANALYSIS, AND PUBLIC POLICY IN REAL ESTATE edited by James R. DeLisle and J. Sa-Aadu Volume II ALTERNATIVE IDEAS IN REAL ESTATE INVESTMENT edited by Arthur L. Schwartz, Jr. and Stephen D. Kapplin Volume III MEGATRENDS IN RETAIL REAL ESTATE edited by John D. Benjamin Volume IV SENIORS HOUSING edited by Michael A. Anikeef and Glenn R. Mueller Volume V ETHICS IN REAL ESTATE edited by Stephen E. Roulac Volume VI ESSAYS IN HONOR OF JAMES A. GRAASKAMP: TEN YEARS AFTER edited by James R. DeLisle and Elaine M. Worzala Volume VII REAL ESTATE EDUCATION THROUGHOUT THE WORLD: PAST, PRESENT AND FUTURE edited by Karl-Werner Schulte

REAL ESTATE VALUATION THEORY

edited by

KoWang California State University, Fullerton U.S.A.

Marvin L. Wolverton University of Nevada Las Vegas U.S.A.

" 1lIr....

SPRINGER SCIENCE+BUSINESS MEDIA, LLC

Library of Congress Cataloging-in-Publication Data Real estate valuation theory I edited by Ko Wang and Marvin L. Wolverton. p.cm. - (Research issues in real estate ; v. 8) Includes bibliographical references. ISBN 978-1-4613-5299-0 ISBN 978-1-4615-0909-7 (eBook) DOI 10.1007/978-1-4615-0909-7 1. Real property - Valuation. 1. Wang, Ko, 1955-11. Wolverton, Marvin L. III.Series. HD 1387 .R394 2002 333.33 '2-dc21

2002022580

Copyright © 2002

bySpringer Science+Business Media New York OriginaIly published by Kluwer Academic Publishers in 2002 Softcover reprint ofthe hardcover Ist edition 2002

AlI rights reserved. No part of this work may be reproduced, stored in a retrieval system, Of transmitted in any form or by any means, electronic, mechanical, photocopying, microfilming, recording, or otherwise, without the written permission from the Publisher, with the exception of any material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Pennission for books published in Europe: [email protected] Permissions for books published in the United States of America: [email protected]

Printed on acid-free paper.

2001 American Real Estate Society President's Council AIG Global Real Estate Investment*

Legg Mason

Appraisal Institute

Lend Lease Real Estate Investments

Fannie Mae Foundation

PricewaterhouseCoopers

Fidelity National Title Insurance Company

Prudential Real Estate Investors

John Hancock Real Estate Investment Group

The Roulac Group

Institutional Real Estate, Inc,

RREEF

LaSalle Investment Management

Regents Cornerstone Real Estate Advisers Inc.

MIG Realty Advisors

CoStar Group

National Association of Real Estate Investment Trusts (NAREIT)

Ferguson Partners International Council of Shopping Centers (ICSC)

Sponsors AEW Capital Management

Mortgage Banker's Association (MBA)

Association of Foreign Investors in U.S. Real Estate (AFIRE)

National Association of Industrial and Office Properties (NAIOP)

Ballard, Biehl & Kaiser

National Association of REALTORS® (NAR)

BDO Seidman

National Inve