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Author: Gaylon E. Greer
Publisher: Dearborn Real Estate
ISBN: 9780793136605
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
Investment Analysis is an investment text geared toward the university-level student. With a focus on finance and economics, this text teaches students the fundamental ideas and concepts in real estate investment to aid in the decision-making process. With a new interior layout, updated material, and a brand-new CD-ROM Student Study Guide, this book is focused on giving the student the tools they need to succeed in their course.
Author: Gaylon E. Greer
Publisher: Dearborn Real Estate
ISBN: 9780793136605
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
Investment Analysis is an investment text geared toward the university-level student. With a focus on finance and economics, this text teaches students the fundamental ideas and concepts in real estate investment to aid in the decision-making process. With a new interior layout, updated material, and a brand-new CD-ROM Student Study Guide, this book is focused on giving the student the tools they need to succeed in their course.
Author: Kim Hin David HO
Publisher: Partridge Publishing Singapore
ISBN: 1543764096
Category : Business & Economics
Languages : en
Pages : 858
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Book Description
This book is dedicated to real estate scholastic work, in advancing the greater understanding of real estate investment analysis. This is because there has been limited research in bringing out clearly the uncertainty or risk, which is quantifiable uncertainty in real estate market analysis. Even real estate market research, which is carried out as an industry practice among private real estate researches, is no exception. Another reason is that it has been widely accepted that while the financial revolution has substantially changed many sectors of the financial industry, it has made little impact on real estate development and investment practice as Ill as scholastic work. Furthermore, while it is readily acknowledged that despite its huge share in the world Ialth, real estate investment discipline and research is on the whole still a poorly researched subject area. As a result, the industry tends to be dominated by traditional real estate analysts with little understanding of real estate market uncertainty and capital markets. These commentators are widely regarded to spend too much time worrying about local space supply and demand conditions, while totally losing sight of the everchanging real estate market and capital market conditions. The theme of this book is real estate investment analysis of direct and indirect real, which in turn can be appropriately managed under economic theory and the theoretical conceptions of real estate finance, provided the uncertainty is quantifiable. The book deploys case studies involving Singapore and Asia. This Black over White background viii framework enables real estate market analysis to attempt what defines the Asian direct and indirect real estate sectors; what is being measured; how it behaves (in terms of price and non-price factors); how it is structured and how it effectively achieves the objectives of sustainable total returns and manageable real estate market uncertainty. Managing real estate market uncertainty optimally is achieved at the portfolio level through real estate asset allocation. This is important because the real estate portfolio is able to virtually eliminate the unique (i.e. specific) uncertainties among the various Asian real estate sectors; thus retaining within the portfolio only the systemic (i.e. market-wide) uncertainty. Apart from real estate asset allocation, the alternative and modern approach to risk management at the portfolio level, is the value-at-risk (VaR) approach. Another modern and important alternative to coping with uncertainty is real option analysis and pricing that help to better define real estate market uncertainty in extent and time. Real option analysis and pricing also represent uncertainty via a decision tree and the risk-neutral probability conception, in order to comprehend how uncertainty impacts on the value of real estate investment decisions. The pricing of uncertainty is based on the risk-free hedge security conception. These are best examined at the micro level of the investment in a real estate development opportunity on vacant land. Nevertheless, the real estate sectors in Singapore and Asia offer promising prospects since the Asian currency crisis of 1997. It is now timely to take stock and make an assessment of how the sectors would pan out for the future, Ill into at least rest the next century. I are very pleased to present our thinking and research in international real estate with particular emphasis on Asia. The region’s vast potential for real estate is itself a large incentive for international real estate research and education that has inspired me to document the significant work I have done over the years. Black over White background ix I wish all readers a pleasurable reading of this book, and I thank you sincerely for your support without which the publication of this book would be made all the more difficult. Dr HO, Kim Hin / David Honorary Professor (University of Hertfordshire, UK) (International Real Estate & Public Policy) March 2021.
Author: Ho Kim Hin/David
Publisher: Partridge Publishing Singapore
ISBN: 1543760066
Category : Business & Economics
Languages : en
Pages : 435
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Book Description
This book is concerned with the unique findings, contributions and recommendations made on several crucial issues, relating to the concomitant subjects of direct real estate (DRE) risk premiums and DRE risk management. Chapter 1 examines the institutional nature of legal origin and the total returns (TRs), from investing in a country’s DRE and via the adoption of a multi-factor arbitrage pricing theory (APT) model. Chapter 2 affirms the true historical volatility to be a reasonable estimation of international DRE risk premiums, when the autoregressive lag orders of the de-smoothed returns and the multi-factor model are taken into account. Chapter 3’s real world of international DRE investing counts on sustainable international DRE investing, imperative for the investing organization’s willingness and preparedness to effectively manage risk or uncertainty, early enough as part of the risk management cycle, in pursuing high risk-adjusted TRs for DRE assets. Chapter 4 recommends a model of the intuitive build-up approach of forming the DRE investment hurdle rates for new DRE investing. The resultant DRE risk premiums serve a rough guide to ensure that the DRE hurdle rate is stringent and high enough, to achieve the risk-adjusted and Sharpe-optimal portfolio TR. Chapter 5 examines the integrated DRE investment strategy for a 13-city Pan Asia DRE portfolio, of office, industrial real estate and public listed DRE companies, adopting the analytic hierarchy process (AHP) and the Markowitz quadratic programming models. Such models enable the versatile strategic asset (SAA) and the tactical asset (TAA) allocations. Chapter 6 enables the DRE institutional investor to achieve a comprehensive and in-depth return and risk assessment at the DRE level for the 4 prime Asia residential sectors of Shanghai (SH), Beijing (BJ), Bangkok (BK), and Kuala Lumpur (KL), under the DRE VaR, incremental DRE VaR and the risk-adjusted return on capital (RAROC), Chapter 7 reiterates that public policies on macroeconomic management have to be consistent and non-conflicting in a widely accepted ‘policy compact’. It is because the policies reinforce the fundamental investment value of large and complex developments, affecting the sustainable viability like the integrated resort (IR)-at-Marina-Bay, Singapore. Chapter 8 draws attention to the aftermath of the Asian economic crisis, terrorism and viral epidemics, that compel more DRE investors to risk-diversify their operations beyond their primary market into other parts of Asia. However, limited studies examine risk-reduction diversification strategies via split returns i.e. decomposing TRs into rental-yield returns and capital value (CV) returns. Chapter 9 proposes and recommends the intelligent building (IB) framework, via the fuzzy logic (FL) engine, leading to a robust measure of building intelligence, and a standard guideline for a consistent performance-based structure for the promotion of the correct IB classification.
Author: Baker Library
Publisher:
ISBN: 9780875847740
Category : Business & Economics
Languages : en
Pages : 454
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Book Description
This guide lists approximately 3,500 books -- recent titles of general interest to the business reader that Harvard Business School faculty, researchers, and students consider central to their work. Revised and updated annually, it includes the full bibliographic record for each book and features an appendix of publishers' addresses as well as indexes by title, author, core classics, and notable books.
Author: Baker Library
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 282
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Book Description
Author: Innocent Musonda
Publisher: CRC Press
ISBN: 1000883310
Category : Technology & Engineering
Languages : en
Pages : 355
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Book Description
Building Smart, Resilient and Sustainable Infrastructure in Developing Countries contains the papers presented at the International Conference on Development and Investment in Infrastructure (DII-2022). The contributions cover a wide range of topics related to infrastructure issues on the African continent: Sustainable Infrastructure Development Smart Infrastructure and Cities Quality and Resilient Infrastructure Education, Empowerment, Gender Equity, Wellness and Development Environmental and Waste Management/Facilities & Real-Estate Management Infrastructure, Investment and Finance- Trends and Forecasts Infrastructure: Shock Events, Procurement, Project Management, Health & Safety Infrastructure: Economic, Social/Environmental Sustainability Digital Innovation and transition in the built environment Building Smart, Resilient and Sustainable Infrastructure in Developing Countries evaluates innovations, empowerment, growth and sustainable development of infrastructure development in Africa, and aims at administrators, academics, and professionals.
Author: George F. Bloom
Publisher: Wiley
ISBN: 9780471093985
Category : Business & Economics
Languages : en
Pages : 758
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Book Description
Provides a decision-oriented approach that emphasizes concepts. Includes new material focusing on value and investment analysis. Analyzes the significance of inflation and related developments during the 1970s and early 1980s for the real estate sector of the economy. Examines physical, legal, and economic aspects, stressing analysis of economic, political, governmental, and environmental trends on national, regional, and local levels. Covers market analysis, location and risk analysis, and appraising methods. Analyzes practical aspects of decision making in building and land development, brokerage, property management, and finance. Also reviews problems in private and public sectors relative to housing, urban trends, commercial and industrial real estate, farms, forests, ranches, recreational lands, and international trends.
Author: Maurizio d'Amato
Publisher: Springer Nature
ISBN: 3031094506
Category : Political Science
Languages : en
Pages : 326
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Book Description
This book discusses the role of the property market cycle in real estate valuation. Challenging traditional property valuation methods that rely on current market conditions and economic trends, this book argues for a re-evaluation of the relationship between property valuation and cycles in property markets. The book is divided into two parts. The first part gathers research on property market cycle analysis and the delicate problems dealing with property market information including the development of the real estate market index, appraisal bias, and the use of time series in plotting the market cycle. The second part proposes several possible modifications to the traditional income approach methodologies, including cyclical capitalization and the hedonic price method. Furthermore, this part also addresses the need for amendments to current s property valuation standards and institutional regulations. Written by an international cross-section of expert voices in market cycles and property valuation, the book is a comprehensive resource for any researcher or upper-level student studying economic volatility.
Author: Thi Hong Nga Nguyen
Publisher: Springer Nature
ISBN: 9819984726
Category :
Languages : en
Pages : 655
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Book Description
Author:
Publisher:
ISBN:
Category : Real estate business
Languages : en
Pages : 570
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Book Description
