Master planned communities (MPC) is a categorization of properties not often common to the appraisal world but it is something, according to one veteran appraiser, that has been highly misunderstood, and in some circles, extremely exaggerated.
Valuation Review spoke with Texas appraiser Richard “Chet” Theiss, who outlined his thoughts on the MPC issue.
We also talked with others in the appraisal profession as to their interpretations.