Finance 673: Real Property Valuation I

Spring Semester 2010

Instructor:            Dr. Thomas O. Jackson, AICP, MAI, CRE, FRICS

Class Hours:          12:45 to 2:00 p.m. Mondays and Wednesdays in Room 182, Wehner

Office Hours:         By Appointment

Office Phone:         979-690-1755 (Real Property Analytics, Inc.) or 979-458-4519 (Mays Business School)                  

Email:                   tomjackson@real-analytics.com or tjackson@mays.tamu.edu

Instructor Background: www.real-analytics.com   

Course Materials:

  1. Syllabus
  2. Calculator Keystroke Review
  3. Math and Analytical Skills Review
  4. Value Concepts and Definitions (PDF) (PPT)
  5. Valuation Process (PDF) (PPT)
  6. Valuation Process Chart
  7. Highest and Best Use Analysis (PDF) (PPT)
  8. Highest and Best Use Problem
  9. Income and Expense Analysis (PDF) (PPT)
  10. Replacement Allowance (PDF) (PPT)
  11. Homework Assignment 1
  12. Homework Assignment 1 Additional Information
  13. Income Capitalization Framework (PDF)
  14. Direct Capitalization I with Practice Problems (PDF)
  15. Direct Capitalization II (Word document)
  16. Direct Capitalization Practice Problems Set 2
  17. Answers to Practice Problems Set 2
  18. Homework Assignment 2
  19. Homework 2 Solutions
  20. Exam 1 Formula Sheet (Word document)
  21. Exam 1 Review Outline (Word document)

Income and Expense Data Samples:

  1. BOMA Report on Offices in Bridgeport, CT
  2. IREM Report on Chicago Apartments
  3. IREM Report on Houston Offices
  4. IREM Report on Denver Shopping Centers
  5. ULI Report on Super Regional Shopping Centers

Standards and Ethics:

  1. Uniform Standards of Professional Appraisal Practice (USPAP)
  2. Standards and Ethics for The Counselors of Real Estate
  3. Code of Ethics and Standards of Practice, National Association of Realtors
  4. American Institute of Certified Planners Code of Ethics

Jobs, Data, Software, Professional Organizations:

  1. Appraisal Institute Jobs
  2. Globe Street
  3. Real Capital Analytics
  4. Costar Group Commercial Real Estate Information
  5. Marshall & Swift Cost Estimator
  6. ARGUS Software
  7. ESRI - ArcView and ArcGIS Software
  8. Appraisal Institute
  9. The Counselors of Real Estate
  10. CCIM Institute
  11. American Planning Association
  12. The Appraisal Foundation
  13. Lincoln Institute of Land Policy
  14. American Real Estate Society
  15. Royal Institution of Chartered Surveyors
  16. Real Estate Research Corporation
  17. Korpacz Real Estate Investor Survey
  18. Society of Industrial and Office Realtors
  19. Urban Land Institute

Contaminated Property/Brownfields:

  1. Cherokee Investment Partners - Brownfield Real Estate Acquisitions 
  2. Environmental Insurance
  3. U.S. EPA Brownfields Website
  4. U.S. EPA Region 6 Brownfields Program
  5. Texas Commission on Environmental Quality Voluntary Cleanup Program
  6. Texas Commission on Environmental Quality Brownfields Program
  7. Texas Commission on Environmental Quality Innocent Owner/Operator Program

This page was last updated March 3, 2010