Monthly Archives: January 2015

Genesis of an Income Model

In 2003 a midwestern state purchased newly updated cost tables for revaluation from a recognized provider. According to those cost tables, it appeared as if multifamily properties were being overvalued and bulk warehousing undervalued, compared to local market sales. The … Continue reading

Posted in Case Studies

Raters of the Lost Market

It’s easy to lose perspective when seven or eight shopping center comps are thrown at you in an appeal. Why did the appellant include some, and ignore others? How can you quickly test appropriateness? The combination of highest land value, … Continue reading

Posted in Real Life

Going the Distance: Warehouse Comps

Is that comp still a comp no matter how far it is from the subject? The answer actually often varies by property type. If we assume the subject and comps are in locations reasonably similar to each other in terms … Continue reading

Posted in Real Life