(DOWNLOAD) "Proprietary Earnings of Assisted Living and Nursing Facilities Under HUD Valuation Guidelines." by Appraisal Journal # eBook PDF Kindle ePub Free

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eBook details

Title: Proprietary Earnings of Assisted Living and Nursing Facilities Under HUD Valuation Guidelines.
Author : Appraisal Journal
Release Date : January 01, 2005
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 290 KB

Description

abstract This article examines treatment of proprietary earnings and management expenses under HUD's lending program for assisted living and skilled nursing facilities. HUD valuation guidelines require allocation of a portion of NOI to proprietary earnings with the remainder of NOI corresponding to real estate and major movable equipment. Misapplications of valuation techniques for proprietary earnings and management expenses often lead to overstated value conclusions. The best approach Includes management expenses and applies a capitalization rate derived from sales after netting out proprietary value and earnings.