Valuing Mixed-Use Properties
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Mixed use properties—those combining residential, commercial, retail, or other functions—present unique challenges for valuers due to their complexity and diversity of integrated uses. This session will explore current trends in mixed use development and the implications for property assessment and taxation. Participants will examine the challenges these properties pose for assessing authorities, including issues related to classification, income allocation and market data availability. The application of various valuation approaches, including how and when to blend methodologies to reflect the unique nature of each property will also be discussed. In addition, attendees will gain insight into the development and support of capitalization rates that account for the diverse components within mixed use properties.
Speakers
Ziad Al-Hillal, AACI, P.App
Senior Appraisal and Market Specialist, MPAC
Ziad is a Senior Appraisal and Market Specialist employed by the Municipal Property Assessment Corporation (MPAC) with over a decade of experience in property assessment and valuation. Collaborating within a team, he conducts market research and analysis to support the development of mass appraisal valuation parameters relating to retail and industrial mall asset classes. He has been a key contributor to numerous policies, directives, and research papers in addition to providing guidance and training throughout MPAC. He isan Accredited Member of the Canadian Appraisal Institute (AACI P. App.) and has been accepted as an expert witness by the Assessment Review Board for his appraisal of complex and high value property for assessment appeal purposes.
John Watling, M.I.M.A., MRICS
Director, International Property Tax Institute
John is a Director with the International Property Tax Institute (IPTI) and brings over 39 years’ experience in the property assessment profession providing strategic valuation and assessment expertise for a variety of property types. John has played a key role in the implementation of mass appraisal models for commercial and hospitality properties, led in the implementation of valuation systems and has been involved in several high-profile property disputes before various courts. He has co-authored numerous presentations and webinars on valuation methodologies, mass appraisal and complex valuation matters.
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Completion Time
You will have access to the recording for 7 days after the purchase