The classification ofseparable simple C*-algebras which are inductive limits of continuous-trace C*-algebraswith spectrum homeomorphic to the closed interval [0,1]

A classification is given of certain separable nuclear C*-algebras not necessarily of real rank zero, namely, the class of separable simple C*-algebras which are inductive limits of continuous-trace C*-algebras whose building blocks have spectrum homeomorphic to the closed interval [0,1], or to a disjoint union of copies of this space. Also, the range of the invariant is calculated.Comment: 41 pages, 6figure

The valuation of self-funded retirement villages in Australia

Changing demographics will see an increasing demand for self-funded sector retirement villages in Australia. As such, valuers can expect to be more involved in providing valuation advice in this sector, although the central issue remains that retirement villages are complex businesses. They have been described as management intensive operating businesses with a substantial real estate element. As a result the valuation process in this sector requires a different type of analysis, in comparison to the traditional real estate based investment.This paper provides an analysis of recent trends in the demand for retirement villages and examine current practise with respect to valuation thereof. It emphasises the need for a greater awareness of the &lsquo;business enterprise value&rsquo; component and provides a framework within which the components of value can be better understood. The purpose of the paper is to provide a foundation for a greater reliability with respect to valuation advice.<br /