Underwriting Commercial Real Estate in a Dynamic Market

A recurrent theme in Underwriting Commercial Real Estate in a Dynamic Market is that good thinking and good underwriting go together. This stands in contrast with 'getting an answer' or even worse 'reverse engineering' - getting to a solution by assuming that current trends in market pricing is best. The cases in Underwriting Commercial Real Estate in a Dynamic Market will force readers to recognize that there is no single answer, but rather a range of answers that will depend on numerous perspectives. And, in order to make valuation decisions, they will have to undertake a rich conversation about what constitutes a good trade-off and what does not. Cases can be structured for use with introductory material as well as advanced topics. - Encourages readers to think about alternatives and their viability- Addresses real world variations and concentrates on large urban economic forces and their implications for real estate valuation- Presents case studies that vary significantly in length and specificity- Includes pedagogical materials such as case introductions and exhibits