Have a personal or library account? Click to login
A Modified Model to Estimate Building Rental Multipiers Accounting for Advalorem Operating Expenses Cover

A Modified Model to Estimate Building Rental Multipiers Accounting for Advalorem Operating Expenses

By: S.A. Smolyak  
Open Access
|Oct 2016

References

  1. Brown, R.G., 2005, Private Real Estate Investment: Data Analysis and Decision-Making, Elsevier Academic Press, pp. 82-90.
  2. Conner P., Liang Y., 2005, Income and Cap Rate Effects on Property Appreciation, The Journal of Portfolio Management, Fall Special Issue.10.3905/jpm.2005.593889
  3. Gribovsky S.V., Ivanova E.N., Lvov D.S., Medvedeva O.E., 2003, Real Estate Valuation, Interreklama Publishers, Moscow, 2003 (in Russian).
  4. IVSC, 2007, The International Valuation Standards 2007, The International Valuation Standards Council (IVSC). London 2007.
  5. IAAO, 2003, The Standard on Automated Valuation Models. Approved in September 2003. www.iaao.org
  6. Kamke E., 1948, Differentialgleichungen, Lösungsmetoden und Lösungen, Band II, Partielle Differentialgleichungen erster Ordnung für eine gesuchte Funktion, Academische Verlagsgesellschaft, Leipzig, 1948 (in German).
  7. Lee, H. S., Corgel, J. B., Shin, S., 2014, Estimating Net Operating Income Growth for Modeling U.S. Apartment Property Capitalization Rates. Journal of Real Estate Portfolio Management, 20(1), 67-78. Available on-line at: http://scholarship.sha.cornell.edu/articles/578/10.1080/10835547.2014.12089963
  8. Leyfer L.A., 2006, Direct Capitalization Method. Generalized Inwood Model, in Voprosy Otsenki, No. 3, 2006, pp. 15-20 (the article is also available online at http://www.labrate.ru/leifer/lev_leifer_article-model_inwood.htm) (in Russian).
  9. Sayce S., Smith J., Cooper R., Venmore-Roland P., 2006, Real Estate Appraisal: From Value to Worth, Blackwell Publishing Ltd.
  10. Smolyak S.A, 2008, Problems and Paradoxes in the Valuation of Machinery and Equipment, RIO MAOC, Moscow (in Russian).
  11. Smolyak S.A., 2012, Models for Estimating Depreciation in Plants, Machinery, and Equipment: Analysis and Proposals, Journal of Property Tax Assessment & Administration, Vol. 9, Issue 3, 2012. pp. 47-86.
  12. Smolyak S. A., 2016, A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements, Real Estate Management and Valuation, Vol. 24, No. 1, pp. 51-63.10.1515/remav-2016-0005
  13. Winnick L, 1952, Long-run Changes in the Valuation of Real Estate by Gross Rents, The Appraisal Journal, October 1952, pp. 484-498.
  14. Yisheng YU, 2004, The Variation of Capitalization Rates Across Submarkets Within the Same Metropolitan Area, MIT Thesis Paper, http://dspace.mit.edu/bitstream/handle/1721.1/26731/59759952-MIT.pdf?sequence=2.
Language: English
Page range: 16 - 26
Published on: Oct 8, 2016
Published by: Real Estate Management and Valuation
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2016 S.A. Smolyak, published by Real Estate Management and Valuation
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.