Appraisal Institute Book Helps Value ‘Green’ Commercial Real Estate
August 9, 2017 08:00 AM
CHICAGO (Aug. 9, 2017) –Commercial real estate valuation professionals must master a new set of terminology and concepts to identify and understand “green” property characteristics and to recognize their effects on market demand and value, according to a new book published by the Appraisal Institute.
“The Valuation of Green Commercial Real Estate” by Timothy P. Runde, MAI, LEED AP, and Stacey L. Thoyre, WELL AP, explains how valuation professionals can incorporate the effect of green building into current appraisal methodology. It is a comprehensive guide for practicing appraisers, commercial lenders, investors, developers, brokers and green building professionals.
“This new book is a valuable resource for those who want to keep up and stay ahead of the newest ideas and trends in commercial real estate,” Appraisal Institute President Jim Amorin, MAI, SRA, AI-GRS, wrote in the book’s foreword.
“The Valuation of Green Commercial Real Estate” provides appraisers and others with an in-depth understanding of green terminology and concepts – information they need to identify and value the green property features found in new construction and commercial building renovations.
The book further examines green building rating systems and the advanced building design and operating characteristics that make a commercial building energy-efficient and sustainable. The authors explore the effects of these innovations on the valuation process, in addition to the government regulations, financing and tax incentives applicable to green buildings.
“The Valuation of Green Commercial Real Estate” (ISBN: 9781935328704) is a 333-page softcover book. It is available for $75 ($60 for Appraisal Institute professionals). Call 888-756-4624 or order online.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 19,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.