Article: Minimizing the Risks of Over- or Undervaluing Leased Properties Addressed In New Issue of the Appraisal Journal.

CHICAGO -- CHICAGO, April 21 /PRNewswire/ -- Most properties are valued, in part, using income, sales and/or cost data from comparable properties. However, some leased properties may have few comparables because of their above- or below-market leases or below-market occupancy. Authors Richard L. Parli, MAI, and Jeffrey D. Fisher, PhD, suggest that to accurately measure the impact on value of a property's leases or occupancy, appraisers should use a two-step process. The article, "Risk and Reasonableness for Nonmarket Occupancy," appears in the April 2003 issue of The Appraisal Journal, the professional journal of the appraisal industry, published by the Appraisal ...

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