Partnerships normally hold single properties for liability reasons, and common tenancy involves a single property by definition. If your partnership holds multiple properties, you can use PVX to value the applicable discount in one of two ways. One way is to treat the partnership like multiple partnerships, each holding a single property. You will have to divide the balance sheet to allocate assets and liabilities to each property’s hypothetical “partnership” and maybe allocate the income statement as well. Then you could analyze each one as a separate PVX project. The concluded value of the subject interest is then the sum of its interests in the two (or more) hypothetical partnerships. This method is difficult and can be error prone unless done carefully, by a professional valuer. A better method would be to determine cap and growth rates for each property and then value-weight the rates to develop a single rate for the combination. The weighted rates can then be entered in the Real Estate window, and the total property value entered as the real estate asset value. Having more than one property can complicate the fact patterns, though, and care must be used throughout the analysis. Investment portfolios and mixed assets are advanced topics and are discussed in more detail here.