Appraisal of over-rented property

Adams, A.

Appraisal of over-rented property - 1996 - Journal of Property Finance 7(3) 1996, 7-22(16) .

Sets out a range of alternative discounted cash flow (DCF) models which highlight the risk characteristics of over-rented property indicating the important financial issues to be considered in the appraisal process. These include `super-geared equity, contemporary property appraisal and convertible bond appraisal. Worked examples.


APPRAISAL
CONTEMPORARY PROPERTY APPRAISAL APPROACH
CONVERTIBLE BOND APPRAISAL APPROACH
DISCOUNTED CASH FLOW TECHNIQUES
DISCOUNTED CASH FLOW
MODELS
OVER-RENTED PROPERTY
RISK
SUPER-GEARED EQUITY APPROACH
VALUATION ISSUES
WORKED EXAMPLES