Attorney Mark Lee Levine Quoted in the CCIM’s Commercial Investment Real Estate Magazine
In a Property Prescriptions article, in the May-June, 2010 edition of the Commercial Investment Real Estate, the magazine of the CCIM Institute, Dr. Levine was quoted —
“There are often positive assumptions in internal rate of return or net present value projections that income will increase at a given rate and expenses will not rise as fast as reality might prognosticate,”
Dr. Levine explained. “Thus, the interest rates are too optimistic, and the appreciation projection is unreasonable.”
“One can quantify items like the savings on utilities. Other items, such as better air quality leading to less time off for employees, are more difficult to quantify.”
Full Article: Property Prescriptions