chapter  3
Project characteristics defined
Pages 11

This chapter provides a more detailed discussion of several asset classes with a graphical depiction of the cash flow diagram. The chapter considers a single-family residential which is similar to a multifamily for sale produce. It also describes the commercial asset classes, which follow the traditional structure for commercial real estate asset class and are assumed to be turnkey. Retail Real Estate is generally considered sites of commerce, that is, where items are purchased and sold. The traditional image of retail is the shops along highways where households purchase goods and services. Further, the retail asset class differs in the method for which cash flows are quantified and considered. Office is considered space for white and blue collar administrative uses. Hotels are the most correlated to economic events and the most responsive to changes in pricing, attitudes, and preferences. Types of hotels can vary by class, size, location, amenities, and whether it is flagged or unflagged.