Introduction to income property valuation -- Appraisal principles and highest and best use -- Market area and neighborhood analysis -- Compound interest and discount factors -- Cash-flow forecasting -- Investment return calculations -- Income capitalization approach -- Sales comparison approach...

Based on the quarterly actual rental income of over 9,000 NCREIF commercial properties during 2001Q2-2010Q2, we construct a commercial real estate rental index using a dynamic panel data model. The rental index we construct captures the market-wide fluctuations in rental income, and our model...