Unique Asset Class Real estate is a unique asset class in that every piece is different and as such, there are multiple considerations that go into a purchase or sell decision. For every purchase however, price and investment considerations play a role. The “investment test” is often the first hurdle that must be satisfied before a buyer considers other factors. In the recent past, a rising real estate market was a presumed to be a given so investment oriented buyers focused on finding the “next big project”. Annual appreciation rates of 4% to 15% were assumed by buyers which justified ever higher purchase prices. A New Market The eager appreciation seekers of yesterday have been replaced by the eager bargain hunters of today. The good news is that with buyer present, transactions rates are recovering and market prices are being reset. With buyers now more confident in stable prices, we are in the early stages of a recovery. Setting a property’s price in this volatile ...