Baroni, Michel; Barthélémy, Fabrice; Mokrane, Mahdi - In: Property Management 25 (2007) 5, pp. 462-486
Purpose – The aim of this paper is to use rent and price dynamics in the future cash flows in order to improve real estate portfolio valuation. Design/methodology/approach – Monte Carlo simulation methods are employed for the measurement of complex cash generating assets such as real estate...