Where the overall cap rate meets the discount rate (Record no. 117644)

MARC details
000 -LEADER
fixed length control field 01480cam a2200277 4500
001 - CONTROL NUMBER
control field ABS67973
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 040702n2004 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u126684
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Sevelka, T.
245 ## - TITLE STATEMENT
Title Where the overall cap rate meets the discount rate
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2004
490 ## - SERIES STATEMENT
Series statement Appraisal Journal
Volume/sequential designation 72(2) Spring 2004, 135-146(12)
520 ## - SUMMARY, ETC.
Summary, etc. This article explores the relationship between the overall capitalization rate (R) and the discount rate (Y). It illustrates how value equivalency can be achieved between direct capitalization and yield capitalization (ie, discounted cash flow) when the percentage change in annual net operating income is made to correspond to the spread between a uniquely paired R and Y. A number of investor survey simulations are performed as further support for the premise that each uniquely paired R and Y is linked by the corresponding income-growth factor and illustrates that investor surveys can be reliably used as a source for uniquely paired Rs and Ys in the application of the income capitalization approach. [Taken from journal abstract].
590 ## - LOCAL NOTE (RLIN)
Local note ABS
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element DISCOUNTED CASH FLOW
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element DISCOUNTED CASH FLOW ANALYSIS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element CAPITALIZATION
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element RENTAL INCOME
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Topical term or geographic name entry element INFLATION
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element VALUATION MODELS
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Topical term or geographic name entry element INVESTOR SURVEYS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element REAL INCOME GROWTH
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element VALUATION AND INVESTMENT APPRAISAL
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 02/07/2004   ABS67973 126684-1001 06/08/2019 1 06/08/2019 Journal article