Author: John T. Rose and Charles J. Delaney

Start Page: 293
End Page: 298
Volume: 6
Issue Number: 2
Year:2003
Publication: Journal of Real Estate Practice and Education

Abstract: This case involves a proposed capital improvement project on an existing real estate
property. The case could be used in a real estate investment course, a real estate
management course, or a corporate finance course. While not lengthy, it presents
students with a real-life situation that property managers must address when deciding
whether to make a major capital improvement on an existing property. It also provides
students with an exercise in the use of common spreadsheet software to examine a
proposed capital expenditure.