- ホーム
- > 洋書
- > 英文書
- > Business / Economics
Full Description
Commercial Real Estate Analysis for Investment, Finance and Development, a fully revised fourth edition of the authors' leading textbook, presents the foundations of real estate investment analysis with the rigor of general finance and economics. This book introduces the essential building blocks of the field: market assumptions, valuation, financial analysis, and development. Drawing from extensive academic and industry experience, the authors approach the investment analysis process using a combination of theory and practical tools in a discussion tailored to advanced students.
Topics include value concepts, mortgage analysis, financing alternatives, option value, leverage and risk analysis, as well as institutional and capital market trends. Additionally, the new edition addresses climate risks, alternative property types, and the impact of technology on real estate as an asset class. New supplemental online resources complement the book's conceptual and quantitative study questions, chapter summaries, and other useful pedagogical features.
Combining a practical grounding in economics and finance with updated tools and resources, this edition of Commercial Real Estate Analysis for Investment, Finance and Development provides a new generation of professionals the foundation and tools they need to excel as investment managers, advisers and analysts. Ideal for graduate studies in real estate, finance, and business, this textbook prepares students for the real-world complexities and challenges of commercial real estate.
For access to additional, online chapters and other Instructor and Student Resources, please visit: www.routledge.com/cw/geltner-miller
Contents
Preface
Organization of Book
About the Authors
PART I. Real Estate Investment Foundation, Time Value of Money and NPV Decision Rule
1 Introduction to Commercial Real Estate Investment
2 Present Value Mathematics for Real Estate
3 Measuring Investment Performance: The Concept of Returns
4 Micro-level Valuation of Real Estate: DCF & NPV
PART II. Nuts and Bolts of Property Income Analysis
5 Income Definitions for Commercial Real Estate
6 Determinants of Rent I: Market Level
7 Determinants of Rent II: Property Level
8 Forecasting the Space Market I: Real Estate Market Analysis
9 Forecasting the Space Market II: Estimating Cash Flow Growth
10 Leases and Leasing Strategies
PART III. Completing the Basics of Micro-level Real Estate Investment & Finance
11 Finding the Cost of Capital for Your Real Estate Investment
12 Use of Debt in Real Estate Investment: The Effect of Leverage
13 After-Tax Real Estate Investment Analysis
14 Advanced Topics I: Investment Value in Property Investment & Debt Financing
15 Advanced Topics II: Capital Structure
The following online chapters are available at www.routledge.com/cw/geltner-miller
PART IV. Real Estate Development
16 Real Options and Land Value
17 Investment Analysis of Real Estate Development Projects I: Overview & Background
18 Investment Analysis of Real Estate Development Projects II: Economic Analysis
Part V. Mortgages from an Investment Perspective
19 Mortgage Basics I: An Introduction and Overview
20 Mortgage Basics II: Payments, Yields and Values
21 Commercial Mortgage Analysis and Underwriting
Part VI. Macro-Level Real Estate Investment Analysis
22 Real Estate and Portfolio Theory: Strategic Investment Considerations
23 Equilibrium Asset Valuation and Real Estate's Price of Risk in the Capital Market
24 Data Challenges in Measuring Real Estate Periodic Returns
25 Real Estate Investment Management
Part VII. REITS, Climate, and Other Selected Topics
26 Real Estate Investment Trusts (REITS)
27 International Real Estate Investments: Markets, Strategies, and Implementation
28 Real Estate, Sustainability, and Climate Risk
29 Technology and Real Estate: A Synthesis
