CRE Potential interview questions - need answers

creflow's picture
Rank: Senior Chimp | 27

How do you value an asset with no cap rate (mean no comps in the market to get an idea of cap rate since it's a new "coastal" market or new asset class in a submarket or market)?
Difference between multiple and IRR (which is better)?
What are potential JV structures for core, value add and development deals with an equity partner?