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While markets, methodologies and technology may change, the need to understand the mathematics of finance does not. Capitalization Theory and Techniques Study Guide, third edition, provides practitioners and students of the income capitalization approach to value with an essential reference tool for their appraisal offices and classrooms.
This new take on a classic appraisal workbook offers:
In-depth coverage of the income capitalization approach, including a historical perspective and practical instructions for applying capitalization techniques
Key terms, symbols, formulas, financial tables and calculator keystrokes as well as references to important appraisal resources
Fifteen lessons with hands-on exercises, more than 50 practice problems and two case studies
About the Authors
Charles B. Akerson, MAI, CRE emeritus, is an internationally known real estate appraiser, counselor, teacher and author. He started in the real estate business in 1947, and his background includes brokerage, management, construction and valuation. Mr. Akerson is the author of Capitalization Theory and Techniques Study Guide and The Appraiser’s Workbook. He retired from full-time real estate appraising and consulting in 1997. Mr. Akerson served as President of the American Institute of Real Estate Appraisers in 1978, Editor-in-Chief of The Appraisal Journal in 1982, the first chairman of the Appraisal Standards Board of The Appraisal Foundation in 1989, and President of Unión Panamericana de Asociaciones de Valuación (UPAV) from 1996-98.
David C. Lennhoff, MAI, SRA, has been appraising since 1975. He also is an active teacher and author. Mr. Lennhoff was Editor-in-Chief of The Appraisal Journal in 2004 and continues to serve as a member of its Editorial Board. He is President of PGH Consulting, LLC, in Rockville, Maryland