The discount rate for income properties
Due to the lack of liquid and transparent markets it is extremely difficult to estimate betas for income property returns. Because of these difficulties, the CAPM is discarded by practitioners when valuing income properties. Instead, free cash flows are often discounted with rates derived from Gross...
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| Format: | Article |
| Language: | English |
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OmniaScience
2013-01-01
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| Series: | Harvard Deusto Business Research |
| Online Access: | http://www.hdbresearch.com/index.php/hdbr/article/view/28 |