Provo’s Barrett Slade Honored by The Appraisal Journal
CHICAGO (June 1, 2011) – Barrett A. Slade, Ph.D., MAI, of Provo, Utah, and C. F. Sirmans, Ph.D., of Tallahassee, Fla., are the winners of the 2010 Richard U. Ratcliff Award for their article, “Office Property DCF Assumptions: Lessons from Two Decades of Investor Surveys,” published in the Summer 2010 issue of The Appraisal Journal.
The Richard U. Ratcliff Award is presented to the best original article published in The Appraisal Journal during the previous year that was written by an academic author. The Journal is the quarterly technical and academic publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
Articles are judged on the basis of pertinent appraisal interest, provocative thought, logical analysis, perceptive reasoning, clarity of presentation and overall contribution to the literature of valuation. The award includes a $1,000 honorarium.
In their article, Slade and Sirmans focus on how real estate analysts and appraisers frequently use discounted cash flow (DCF) analysis in the valuation of multitenant office properties. They discuss how important input assumptions determine the reliability of the DCF analysis and the final estimate of value.
Slade is an associate professor of finance at the Marriott School at Brigham Young University, and holds an MAI designation from the Appraisal Institute. He received a Ph.D. from the University of Georgia, and has more than 28 years of experience in the real estate profession. He is the author of “The Valuation of Office Properties: A Contemporary Perspective,” published by the Appraisal Institute.
Sirmans is a professor of real estate and legal studies at Florida State University. He is also the J. Harold and Barbara M. Chastain Eminent Scholar in Real Estate. He has published extensively on a wide variety of real estate topics, including housing markets, real property law and economics and real estate equity securitization. He earned his Ph.D. from the University of Georgia, and is editor of the Journal of Real Estate Finance and Economics.
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The Appraisal Institute is a global membership association of professional real estate appraisers, with more than 25,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org.