|apartments. Consequently, there have been very few new apartment
complexes built in recent history. That being said, many developers build a
condo complex and keep all the units as rentals, thus managing it like an
apartment complex. When it comes to appraising these condo/ apartment
properties, the valuation method is very different.
When all the units are individually owned, even if its the same owner, the
complex must be valued using a discounted cash flow analysis.