The primary purpose of this article is to (1) question the reliability of a band of investment theory as a tool for estimating overall capitalization rates and (2) evaluate whether the technique should be discontinued or revised and improved.
Sonneman, D. (2011). Is it time to phase out band of investment?. Journal of Property Tax Assessment & Administration, 8(4), 37-44. Retrieved from https://researchexchange.iaao.org/jptaa/vol8/iss4/4