The quality of management teams in the REIT space varies widely, and the
range of
valuation multiples that the market ascribes to portfolios of
similar assets suggests that there is the potential to create shareholder value by transferring assets from the underperforming REITs to the more capable management teams.
The Comparative Analysis is the most commonly used RPR
valuation tool and is
similar to a Comparative Market Analysis (CMA), in that it helps agents determine a price or price
range for a property.