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Article: Distinguishing Attributes of 'Trophy' Properties Examined in New Issue of The Appraisal Journal.
- Article from:
- PR Newswire
- Article date:
- October 4, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- While there is often high demand for what is referred to as a "trophy" property, such properties have been obscurely defined in the real estate market, which can pose some confusion in identification and valuation processes. In his article, "Defining a Trophy Property," Bill Mundy, MAI, PhD, provides insight on what constitutes a "trophy" property and presents distinguishing characteristics of such property. The article appears in the October 2002 issue of The Appraisal Journal, the professional journal of the appraisal industry, published by the Appraisal Institute.
According to the article, "a trophy property is an investment grade property ...