Features
The Devastating Impact of Storm Surge on Coastal Communities
A Case Study on Florida’s Low Income Housing Tax Credit Projects Introduction Last year, several hurricanes caused major damage in Houston, Florida and Puerto Rico. Now in 2018, Hurricane Florence and Hurricane Michael have wreaked havoc in the southeastern United States. Michael was the most intense landfalling U.S. hurricane since Camille in 1969. As it… Read more
Features
Disney Declares WARA
A Collaborative Approach for a Complex Valuation Engagement and Its Daubert Compliance with Generally Accepted Authorities Accurate valuations of complex assets require a cooperative multidisciplinary approach. Users of appraisals would be best served if business valuers, personal property appraisers, and real property appraisers collaborated on complex assignments, rather than solving for a residual value outside… Read more
Data Governance: Cybersecurity Oversight and Strategy for Commercial Real Estate
Continued from Volume 42, Number 2. The final piece in this series is Volume 43, Number 1. In our previous article, we explored operational aspects of cybersecurity. This one focuses on data governance and discusses how it permeates all operations and what can be done to strengthen it. Recent research from the McKinsey Global Institute… Read more
Features
Investor Primer: U.S. Data Center Market
Institutional investors are increasingly considering investing in a dynamic new property sector – data centers. Whether viewed as a subset of their industrial or office property allocations, or as new specialty property type, data centers investments can offer an attractive way to participate in the rapid growth of technology. This article starts with an overview… Read more
Features
Housing Demand and Immigration Trends
Research conducted by Norman Miller, Ph.D., University of San Diego; Jeffrey D. Fisher, Ph.D., Professor Emeritus of Indiana University; Paige Mueller, CRE, at Eigen 10 Advisors, LLC; and Michael Dinn, CRE, at Dinn Focused Marketing. Continued from Volume 42, Number 6: “Housing Demand is About to Change – Here’s Why”. Introduction A recent study commissioned by the National Multifamily Housing Council (NMHC)… Read more
Features
Market Value in Use is Not an Oxymoron
Special-purpose properties present some unique valuation challenges. For property tax assessments, in condemnation proceedings and even in mortgage lending, debates regarding the proper basis of a value opinion are common. A special-purpose property is, “A property with a unique physical design, special construction materials, or a layout that particularly adapts its utility to the use for which it was built.”1 Schools, churches and... Read More