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The Valuation of Apartment Properties, 2d edition, presents in-depth analysis of the concepts and issues applicable to the apartment market today. It provides detailed instructions on applying the three approaches to the valuation of apartment properties and examines assignment requirements and the techniques of market, neighborhood, and property analysis.
This second edition will appeal to appraisers working in public or private practice as well as property owners, potential buyers and sellers, lenders, property managers, legal advisors, reviewers, instructors, and students. Two case studies, of a large apartment complex and a small apartment property, are used throughout the text to illustrate the concepts presented and the methods applied in valuing multiunit residential properties.
About the Authors
Arlen C. Mills, MAI, SRA, has been a real estate appraisal education instructor for over 40 years. To date, he has written four classroom courses, two online courses, and three guidebooks for the Appraisal Institute; he also developed the USPAP Instructor Certification criteria for the Appraisal Foundation. He has experience in appraising various types of multiunit residential income properties, most recently for litigation testimony purposes. Richard L. Parli, MAI, has been involved in advanced appraisal education for over 20 years. He has developed Appraisal Institute courses and seminars and is a regular Appraisal Institute instructor and frequent contributor to The Appraisal Journal. He has an M.B.A. degree in Finance from Pennsylvania State University and over 30 years of experience in appraising income-producing properties. The offices of Parli Appraisal, Inc., are located in Fairfax, Virginia.
Anthony Reynolds, MAI, resides with his wife Judith Reynolds, MAI, in LaCrosse, Kansas. His B.S. Degree in Business Economics and Administration was earned at the University of Maryland; his M.B.A. was earned at the American University in Washington D.C. He is a former national president of the Appraisal Institute (AIREA) and a former chair of the Appraiser Qualifications Board of the Appraisal Foundation. His appraisal specialty is USPAP in litigation.