What term refers to the estimated value of a real estate asset at the end of the holding period?

The term "reversionary value" refers to the estimated value of a real estate asset at the end of the holding period. This value is crucial for investors and property owners as it represents what the asset is expected to be worth when it is sold or appraised at the conclusion of the investment period.

Reversionary value is important in the context of real estate investments, as it helps in determining the total return on investment. Investors often compute this value to assess potential future gains and to make informed decisions about buying, holding, or selling properties.

In contrast, net cash flow pertains to the annual cash generated by the property after operating expenses, which does not directly indicate the asset's value at the end of the holding period. Discounted future value relates to the present value of future cash flows, factoring in a discount rate, which is not primarily focused on the asset's end value. Compounded present value usually involves calculating the value of an investment today based on future earnings and interest, but similarly does not specifically denote the future worth of the asset at the end of the holding period.