Purpose – The purpose of this study is to identify how different Generally Accepted Accounting Principles (GAAP) influence property management. The study is based on two basic accounting principles for the valuation of assets: fair value and historical cost. The study focuses on land and...

Purpose – The main purpose of this paper is the formulation of an integrated procedure for the evaluation of real estate investments. Design/methodology/approach – The main methods for evaluation of real estate investments are presented initially. The paper analyses both the academic and the...

Purpose – The main purpose of this paper is the incorporation of life-cycle costs (LCC) and whole-life costing (WLC) method and the taxation environment into the investment appraisal procedure for commercial real property projects. Design/methodology/approach – The paper initially presents...