Pandemic Continues to Impact Entertainment Real Estate Values: Valuation Magazine
July 27, 2021 08:00 AM
CHICAGO (July 27, 2021) – It’s likely to take a year or two for entertainment real estate values to get past the economic shock of the coronavirus pandemic, according to an article in Valuation magazine’s second quarter 2021 issue.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
The newest issue’s cover story, “That’s Entertainment,” discusses how the coronavirus pandemic created an unprecedented situation for theaters, live performance venues, stadiums and for appraisers trying to value entertainment real estate. This article further discusses that the pandemic has made the basics of commercial appraisals more important than ever.
Read “That’s Entertainment” in Valuation magazine’s second quarter 2021 issue.
Also in this issue:
“Market Madness” dives into appraisers’ thoughts about the challenges and opportunities of working in markets that are experiencing bidding wars, cash offers well above asking price and homes selling in just days.
In “Making the Case,”readers will learnhow preparing a thorough and supported appraisal report is essential, but equally important is ensuring that their valuation opinion is admissible into evidence, especially when appraisers are involved in an assignment for litigation purposes.
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 17,000 professionals in almost 50 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.