REIT Valuation Help
I want to value a healthcare REIT from scratch and am looking for guidance. Does anyone have any free materials/models that will help me through the valuation process?
[{"id": "d9jcrwh", "text": "someone taking real estate finance at school?", "replies": [], "depth": 1}, {"id": "d9kh8fa", "text": "best I've got is [this methodology I just googled](http://www.greenstreetadvisors.com/pdf/GreenStreetPricingModelReport.pdf) - I would like to see someone with real knowledge post though", "replies": [], "depth": 1}, {"id": "d9lc3ab", "text": "It really depends on the type of healthcare REITs, because medical office and senior housing both get grouped together as healthcare REITs, but they behave very differently.", "replies": [], "depth": 1}, {"id": "d9ni385", "text": "Look for sell side research reports on a specific company or the industry you're interested in. This is all these guys do. If you have somewhat of an understanding of how to value a REIT, what you need to do is come up with the NAV (net asset value) by applying cap rates to the company's portfolio. You can then adjust for any JVs and debt to come up with an equity value. If you want discuss more, happy to chat.", "replies": [], "depth": 1}]