The IBET Pension Fund Case
Materials:
Case: The IBET Pension Fund. 9-800-133
A Technical Note and Discussion on Real Estate Valuation (IBET). 9-802-025
Assignment: Submit your team’s report that addresses the following questions. Focus on the valuation of individual properties. You do not need to consider a portfolio strategy for the fund (i.e., hold/sell decisions) although it is another major theme in the case.
1. Determine market values of the following four properties: 4.2 Greenway Point, 4.3 The Lakes at Brice, 4.4 Garden City, and 4.6 Downtown Dallas Land. Explain your valuation analysis and rationale. In preparing your analysis, read Exhibit 2 carefully. A technical note is also a nice overview of valuation methods.
2. On each property, how could you potentially improve your valuation? What additional information and valuation method would you like to use? How will your analysis be improved by the change?