Acquisition and disposition analysis of income producing real property including tax liability and strategy. Market, feasibility and income analysis integrated with profitability and rate of return measures pertaining to investments with optimal financing. Professional ethics and standards of professional appraisal practice explored. Professional quality narrative appraisal with comparable sales, depreciated cost and discounted cash flow analysis required. Use of market research, feasibility studies and market analysis in contract negotiation for project construction, marketing and management.
Students prepare case briefs for class discussions and formal presentations.
Case assignments require students to write extensively and challenge their analytical ability. It is recommended that finance majors take this course in their final semester.