Cap rate packing is what appraisers do when they lack the tools to measure a lease. There is a better way, and it is now faster than the shortcut. A recent article from a respected national appraisal firm walks through the triple-net proforma. Much of it is sound...

When I received my MAI designation decades ago, an older MAI presenting at the ceremony looked out at our group and told us we had "only scratched the surface" of the body of knowledge we were embarking on. At the time I had more than ten years in commercial real...

Two lines have been rattling around my head for months: "Complexity makes you look smart. Simplicity makes you rich." "Every unnecessary step gives the customer another reason to leave." After 43 years of appraising commercial real estate, I can tell you our...