Description : A recurrent theme in Underwriting Commercial Real Estate in a Dynamic Market is that good thinking and good underwriting go together. This stands in contrast with "getting an answer" or even worse "reverse engineering" – getting to a solution by assuming that current trends in market pricing is best. The cases in Underwriting Commercial Real Estate in a Dynamic Market will force readers to recognize that there is no single answer, but rather a range of answers that will depend on numerous perspectives. And, in order to make valuation decisions, they will have to undertake a rich conversation about what constitutes a good trade-off and what does not. Cases can be structured for use with introductory material as well as advanced topics. Encourages readers to think about alternatives and their viability Addresses real world variations and concentrates on large urban economic forces and their implications for real estate valuation Presents case studies that vary significantly in length and specificity Includes pedagogical materials such as case introductions and exhibits
Description : Optimizing Community Infrastructure: Resilience in the Face of Shocks and Stresses examines the resilience measures being deployed within individual disciplines and sectors and how multi-stakeholder efforts can catalyze action to address global challenges in preparedness and disaster and hazard mitigation. The book provides a theoretical framework to advance thinking on creating resilient, inclusive, sustainable and safe communities. Users will find an accurate and up-to-date guide for working on the development, implementation, monitoring and assessment of policies, programs and projects related to community resilience. Provides updated information on resilience, especially on infrastructure, finance, land use, standards and policies Includes case studies that illustrate how communities have increased their resilience to natural and other disasters Analyzes the institutional, political, social and economic dimensions of resilience at the community level Illustrates the interdependencies and interconnectedness of infrastructure systems and how community resilience relies on a holistic approach Examines responses to emerging risks associated with climate change
Description : Metropolitan commercial real estate markets are highly influenced by global forces, the regional economy, and institutional behaviour. While descriptions of regional commercial real estate markets are well known and widespread in academic literature, this monograph goes beyond that in explaining the dynamics in and variations between European metropolitan markets. By comparing those markets on relevant indicators and through extensive data analysis, a number of explaining factors is revealed. Contributions on specific metropolitan markets with different positions within the real estate cycle illustrate not only the characteristics of the local economy and its institutions, but also urgent issues such as battling vacancy, changing retail hierarchy or managing obsolescence.
Description : The Handbook of Commercial Mortgage-Backed Securities is a cornerstone reference in this emerging sector of the structured finance market. This Second Edition provides updated coverage of the market, the instruments, the tools used to assess these securities, and tax accounting issues. In addition to an overview of the commercial real estate finance and commercial property markets, this book also covers property-market framework for bond investors, the role of the servicer, an investor's perspective on commercial mortgage-backed coupon strips, defaults on commercial mortgages, assessing credit risk, an options approach to valuation and risk analysis, legal perspectives on disclosure issues, and federal income taxation.
Description : Real estate is typically classified as an alternative to more traditional investments such as stocks and bonds. Real estate investing involves the purchase, ownership, management, rental, or sale of real estate for profit. Real estate investments can be both income producing and non-income producing. Although real estate can produce income like a bond and appreciate like a stock, this tangible asset has several unique characteristics as well as advantages and disadvantages relative to other investment alternatives. Benefits of including real estate in a portfolio include diversification, yield enhancement, risk reduction, tax management, and inflation hedging. Unlike traditional investments, investors in real estate have the ability to influence performance. Real estate has drawbacks in that it requires management, is costly and difficult to buy, sell, and operate, and sometimes has lower liquidity. Additionally, measuring the relative performance of real estate can be challenging. The purpose of this 14-chapter book is to provide an overview and synthesis of public real estate markets and investments in a global context. The book discusses the major types and the latest trends within public real estate markets and presents the results of research studies in a straightforward manner. It has three sections: (1) foundations of public real estate, (2) public debt markets and investments, and (3) public equity markets and investments. The book should be interest to various groups including academics, practitioners, investors, and students. Readers should gain a greater appreciation of what is needed for success when investing in public real estate markets. For more information about private real estate, read Private Real Estate Markets and Investments.
Description : To best prepare your students for the actual work of a real estate lawyer, adopt this excellent revision of a sophisticated yet teachable casebook. MODERN REAL ESTATE FINANCING: A Transactional Approach, Second Edition, thoroughly explains the increasingly complex legal, business, and tax issues surrounding commercial real estate transactions today. This powerful teaching and learning tool is highly regarded for its: transactional approach sensible organization, featuring topical coverage of both real estate and real estate transaction accessible explanations of the general rules of law that govern a real estate transaction suitability for a separate real estate finance course or a more general survey course Users of MODERN REAL ESTATE FINANCING: A Transactional Approach will be pleased to find these changes in the Second Edition: a completely revised text for better ease of use and up-to-date material the addition of respected scholar Steven Bender as a co-author a shorter, more sophisticated format