Actual Cash Flow Estimation of Commercial Real Estate and its Application to Identify the Value Change Driver

Author:

KANZAKI Kiyoshi1

Affiliation:

1. Credit Pricing Corp. Tokyo Metropolitan University, Graduate School of Social Sciences.

Publisher

Japan Association for Real Estate Sciences

Reference8 articles.

1. An, X., Deng, Y., Fisher, J., and Hu, M. R. (2012), “Commercial Real Estate Rental Index:A Dynamic Panel Data Model Estimation”, Working Paper, SSRN, http://ssrn.com/abstract=2205058

2. Borcard, D. (2002 “Partial r, contribution and fraction [a]”, http://biol09.biol.umontreal.ca/ borcardd/partialr2.pdf

3. Deng, Y., Fisher, D., Sanders, A. B., and Smith, B. (2003) “Estimation of NOI Growth, Volatility and Clustering by MSA.”, RERI working paper, http://www.usc.edu/schools/price/lusk/research/ pdf/wp_20031009.pdf

4. Derby, G., (1997). “Base Building Capital Expenditures in the Office Sector:Historical Incidence and Implications for Forecasting” Massachusetts Institute of Technology, Department of Architecture. http://hdl.handle.net/1721.1/65707

5. Fisher, J., Geltner, D., and Webb, B. (1994) “Value Indices of Commercial Real Estate:A Comparison of Index Construction Methods” Journal of Real Estate Finance and Economics, 9: pp.137-164

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