جزییات کتاب
Developments in the sophistication of global real estate markets mean that global real estate investment is now being executed professionally. Thanks to academic enquiry, professional analysis and entrepreneurial activity, backed by the globalisation of all investment activity, there is now an available body of material which forms the basis of this scholarly but practical summary of the new state of this art. The measurement, benchmarking, forecasting and quantitative management techniques applied to property investments are now compatible with those used in other asset classes, and advances in property research have at last put the ongoing debate about the role of real estate onto a footing of solid evidence. The truly global scope and authorship of this book is unique, and both authors here are singularly well qualified to summarise the impact and likely future of global innovations in property research and fund management. Between them, they have experienced three real estate crashes, and have observed at first hand the creation of the real estate debt and equity instruments that led to the global crisis of 2008-9. Global Property Investment: strategies, structure, decisions offers a unique perspective of the international real estate investment industry with: a close focus on solutions to real life investment problems no excessive theoretical paddinga target of both students and professionalshighly qualified dual-nationality authorshipWith many cases, problems and solutions presented throughout the book, and a companion website used for deeper analysis and slides presentations (see below), this is a key text for higher-level real estate students on BSc, MSc, MPhil and MBA courses worldwide as well as for practising property professionals worldwide in fund management, investment and asset management, banking and real estate advisory firms. Content: Chapter 1 Real Estate – The Global Asset (pages 1–31): Chapter 2 Global Property Markets and Real Estate Cycles (pages 32–93): Chapter 3 Market Fundamentals and Rent (pages 94–116): Chapter 4 Asset Pricing, Portfolio Theory and Real Estate (pages 117–153): Chapter 5 Basic Valuation and Investment Analysis (pages 155–170): Chapter 6 Leasing (pages 171–202): Chapter 7 Valuing Commercial Real Estate: The Unleveraged Case (pages 203–221): Chapter 8 Mortgages: An Introduction (pages 222–247): Chapter 9 Commercial Mortgage Underwriting and Leveraged Feasibility Analysis (pages 248–273): Chapter 10 Valuing the Private Real Estate Entity (pages 274–291): Chapter 11 Unlisted Real Estate Funds (pages 293–318): Chapter 12 Public Equity Real Estate (pages 319–339): Chapter 13 Real Estate Debt Markets (pages 340–377): Chapter 14 Real Estate Derivatives (pages 378–405): Chapter 15 International Real Estate Investment: Issues (pages 407–439): Chapter 16 Building the Global Portfolio (pages 440–474): Chapter 17 Performance Measurement and Attribution (pages 475–519): Chapter 18 Conclusions (pages 520–525):