Global property investment : (Record no. 6881)

000 -LEADER
fixed length control field 08006cam a2200373 a 4500
001 - CONTROL NUMBER
control field 2011035227
003 - CONTROL NUMBER IDENTIFIER
control field local
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20140721142858.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 110818s2012 enka b 001 0 eng
010 ## - LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 2011035227
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781444335286 (pbk.)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 1444335286 (pbk.)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780470673997 (hardcover)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 0470673990 (hardcover)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 1444361953
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781444361957
040 ## - CATALOGING SOURCE
Original cataloging agency DLC
Language of cataloging eng
Transcribing agency DLC
Modifying agency BTCTA
-- YDXCP
-- CDX
-- C#P
042 ## - AUTHENTICATION CODE
Authentication code pcc
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HD1382.5
Item number B378 2012
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.63/24
Edition number 23
084 ## - OTHER CLASSIFICATION NUMBER
Classification number BUS054000
Source of number bisacsh
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Baum, Andrew E.
Authority record control number (local)29700
245 10 - TITLE STATEMENT
Title Global property investment :
Remainder of title strategies, structures, decisions /
Statement of responsibility, etc Andrew Baum and David Hartzell.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Chichester, West Sussex ;
-- Hoboken, NJ :
Name of publisher, distributor, etc Wiley-Blackwell,
Date of publication, distribution, etc 2012.
300 ## - PHYSICAL DESCRIPTION
Extent xvi, 559 p. :
Other physical details ill. ;
Dimensions 25 cm.
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc Includes bibliographical references and index.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note Machine generated contents note: Preface. Acknowledgements. PART ONE REAL ESTATE AS AN INVESTMENT: AN INTRODUCTION. Chapter 1 Real estate -- the global asset. 1.1 The global property investment universe. 1.2 Market players. 1.3 Property -- its character as an asset class. 1.4 Conclusions. Chapter 2 Global property markets and real estate cycles, 1950-2010. 2.1 Introduction. 2.2 The United States. 2.3 The United Kingdom. 2.4 Continental Europe. 2.5 Asia. 2.6 Conclusions. Chapter 3 Market fundamentals and rent. 3.1 Introduction: the global property cycle. 3.2 The economics of rent. 3.3 Forecasting rents. 3.4 Conclusions. Chapter 4 Asset pricing, portfolio theory and real estate. 4.1 Risk, return and portfolio theory. 4.2 A property appraisal model. 4.3 The model components. 4.4 The required return for property assets. 4.5 Forecasting real estate returns. 4.6 Conclusions: a simple way to think about real estate returns. PART TWO MAKING INVESTMENT DECISIONS AT THE PROPERTY LEVEL. Chapter 5 Basic valuation and investment analysis. 5.1 Introduction. 5.2 Estimating future cash flows. 5.3 The discount rate. 5.4 Conclusions. Chapter 6 Leasing. 6.1 Introduction. 6.2 Legal characteristics of leases. 6.3 The leasing process. 6.4 Important economic elements of a lease. 6.5 Lease economics and comparison: effective rent. 6.6 Conclusions. Chapter 7 Valuing commercial real estate: the unleveraged case. 7.1 Introduction: the investment opportunity. 7.2 Developing a pro forma income statement. 7.3 Valuation using the cap rate. 7.4 Valuation using cash flows. 7.5 Applying discounted cash flow to analyze investment feasibility. 7.6 Conclusions. Chapter 8 Mortgages: an introduction. 8.1 Introduction. 8.2 What is a mortgage? 8.3 The risks and returns of mortgage investment. 8.4 The financial components of a mortgage. 8.5 The mortgage menu. 8.6 An introduction to mortgage mathematics. 8.7 Conclusions Chapter 9 Commercial mortgage underwriting and leveraged feasibility analysis. 9.1 Introduction. 9.2 The mortgage underwriting process. 9.3 Investment feasibility with leverage: before-tax analysis. 9.4 Investment feasibility with leverage: after tax analysis. 9.5 Conclusions. Chapter 10 Valuing the private real estate entity. 10.1 Introduction: the four quadrants and private equity. 10.2 Sponsor economics. 10.3 The life cycle of a private equity fund. 10.4 Fund economics. 10.5 Waterfall structures. 10.6 Private equity funds in the credit crisis. 10.7 Conclusions. PART THREE REAL ESTATE INVESTMENT STRUCTURES. Chapter 11 Unlisted real estate funds. 11.1 Introduction to unlisted real estate funds. 11.2 The growth of the unlisted real estate fund market. 11.3 Unlisted fund structures. 11.4 Characteristics of unlisted real estate funds. 11.5 Liquidity and valuation issues. 11.6 The case for and against unlisted real estate funds. 11.7 Conclusions. Chapter 12 Public equity real estate. 12.1 Introduction. 12.2 REITs and REOCs. 12.3 Listed funds and mutual funds. 12.4 Exchange traded funds (ETFs). 12.5 The U.S. REIT experience. 12.6 The global REIT market. 12.7 REIT pricing. 12.8 Conclusions. Chapter 13 Real estate debt markets. 13.1 Introduction. 13.2 A brief history lesson. 13.3 Wall Street Act I: the early residential mortgage-backed securities market. 13.4 Wall Street Act II: senior-subordinated securities, the advent of structured finance. 13.5 Wall Street Act III: the evolution of structured finance. 13.6 Collateralized debt obligations (CDOs). 13.7 Summary. 13.8 Mezzanine debt. 13.9 Cash-out refinancing. 13.10 All good things must come to an end. 13.11 Conclusions. Chapter 14 Real estate derivatives. 14.1 Introduction. 14.2 A short history of the real estate derivatives market. 14.3 Total return swaps. 14.4 Structured real estate index notes. 14.5 Traded property futures and options. 14.6 Pricing property derivatives. 14.7 Property derivatives: pros and cons. 14.8 Property derivatives: spin-offs. 14.9 Conclusions. PART FOUR CREATING A GLOBAL REAL ESTATE STRATEGY. Chapter 15 International real estate investment: issues. 15.1 Introduction: the growth of cross-border real estate capital. 15.2 The global real estate market. 15.3 The case for international real estate investment. 15.4 The problems: an introduction. 15.5 Technical issues. 15.6 Formal barriers. 15.7 Informal barriers. 15.8 Conclusions. Chapter 16 Building the global portfolio. 16.1 The top-down portfolio construction process. 16.2 Strengths, weaknesses, constraints: portfolio analysis. 16.3 A pricing approach for international property. 16.4 Managing currency exposure and currency risk. 16.5 Portfolio construction. 16.6 Conclusions. Chapter 17 Performance measurement and attribution. 17.1 Performance measurement: an introduction. 17.2 Return measures. 17.3 Attribution analysis: sources of return. 17.4 Attribution analysis: the property level. 17.5 Attribution analysis: the portfolio level. 17.6 Attribution and portfolio management: alpha and beta. 17.7 Performance measurement and return attribution for property funds. 17.8 Conclusions. Chapter 18 Conclusions. 18.1 Why property? 18.2 Liquid structures. 18.3 Unlisted funds. 18.4 International investing. 18.5 Best practice real estate investing. 18.6 Pricing. 18.7 The future. References. Glossary. Index.
520 ## - SUMMARY, ETC.
Summary, etc "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 padding a target of both students and professionals highly qualified dual-nationality authorship"--
Assigning source Provided by publisher.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Real estate investment.
Authority record control number (local)29705
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Investments, Foreign.
Authority record control number (local)32067
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element BUSINESS & ECONOMICS / Real Estate.
Source of heading or term bisacsh
Authority record control number (local)32805
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Hartzell, David.
Authority record control number (local)32806
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type Book
Holdings
Permanent Location Price effective from Full call number Shelving location Koha item type Barcode Date last seen Current Location Date acquired Not for loan Source of acquisition Lost status Source of classification or shelving scheme Damaged status
Lee Yan Fong Library2013-05-14HD1382.5 B378 2012Library CollectionBook000073192013-05-14Lee Yan Fong Library2013-04-29 YBP Library Services   
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