Long-form articles for professionals working at the intersection of assets, capital, taxation, assurance, and technology.
By Russell B. Famisaran, CPA, FMVA, AFM, BIDA
This issue establishes a transparent model architecture for development analysis, connecting market evidence, construction costs, financing, timing, valuation, and investment returns.
Input discipline, cash-flow sequencing, financing mechanics, exit valuation, and scenario design.
NPV, IRR, equity multiple, residual land value, and risk-adjusted return interpretation.
Modeling timing, drawdowns, financing, and return waterfalls with audit-ready transparency.
Scenario-based land pricing when absorption, cost, and exit evidence remain uncertain.
Structuring phased delivery to reduce capital lock-up and manage market exposure.