David J. Lynn, Ph.D.

With property sales at a minimum and accurate capitalization rates difficult to ascertain, investors are increasingly looking at replacement cost as a method of establishing pricing parameters. The comparison of sales...

Real estate capital markets continue to improve. As investor sentiment rebounds, there is a large amount of equity capital chasing a relatively constrained supply of for-sale core assets. This increased liquidity has...

The unraveling of the global economy has led to dramatic losses in commercial property values. Through 2009, the benchmark NCREIF Property Index (NPI) has declined by approximately 30%, the sharpest and deepest...

Structural constraints on the delivery of new supply in a given market reduce an owner’s competition for tenants, which may lead to higher occupancy, higher rent levels, stronger rent growth and higher capital values...

Several positive developments are emerging in the real estate capital markets, providing a glimpse of optimism as investor sentiment appears to rebound. As of December 2009, the average commercial mortgage rate fluc...

Real estate pricing is a function of supply and demand. Since each market has different underlying demand drivers and supply constraint characteristics, investment returns vary. Compared to the NCREIF Property Index ...

Several positive developments appear to be emerging in the real estate capital markets, providing a glimpse of optimism as investor sentiment begins to rebound...

Many market observers have pointed out similarities between the current downturn in commercial real estate and the downturn in the early 1990s. Both were preceded by an extended period of relaxed underwriting...