| Description |
1 online resource |
| Contents |
Intro; Title page; Table of Contents; Copyright; Dedication; Acknowledgments; Introduction: The Returns to Effort and Expertise; Part I: Developing a Framework; Introduction; Case 1: Vista View and a Second Shot at Ownership; Abstract; I Voicemail; II Moorage Capital Partners and Its New SVP; III Vista View and Local Fundamentals; IV Options; V Deliverables; VI Questions/Issues to Explore; Case 2: Altitude and Perspective: Let the Fund Guide Investment?; Abstract; I Mapmaker and Finding New Territory; II An Evolving Investment Thesis for Fund IX; III The Debate; IV Deliverables |
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V Gail's NotesCase 3: Apples and Oranges: The Strengths and Weaknesses of Being a Generalist; Abstract; I Entrepreneur Helping Entrepreneur; II Optics and Optionality; III Apples and Oranges? Apples or Oranges?; IV Deliverables; V Isaac's Notes for Les Fontaines; VI Isaac's Abstracts/Notes/Exhibit for Block Seven; Case 4: Motor City Madness? The Search for Yield Takes Isaac to Detroit; Abstract; I Escape From Los Angeles; II Local Cycles and Discovering Detroit; III Rolling Up a Portfolio; IV Raising Capital; V Operating the Portfolio; VI What Next?; VII Deliverables |
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Case 5: Forensic Underwriting or: What's the Opposite of Big Data?Abstract; I "Big Data"; II "Little Data"; III Rose and Her Partners; IV Reverse Engineering; V Playing With Little Data; VI Exhibits; Part II: Extending the Framework: Commercial Leases; Introduction; Case 6: Bayview Double Take; Abstract; I Underwriting Under Duress; II Static Valuation; III Valuation by Looking Forward; IV Iterating and Making Decisions; V Revisiting Bayview Today; VI Exhibits; Case 7: Excuse Me, Where's the Exit From Marina Bay?; Abstract; I Getting to Marina Bay; II Getting Marina Bay Leased Up |
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III Leasing and Exiting Marina BayIV Giving Directions; Case 8: Atwood Corporate Center; Abstract; I Finalizing the Investment Memo; II Atwood-Property Description and History; III Proposed Acquisition Details; IV The Open Questions; V Key Decision Makers; VI Deliverables; Case 9: Lombard Street; Abstract; I Running Lean; II Changing Hats; III Deliverables; Case 10: An Uncommon Option for Cloverfield Commons; Abstract; I What the Analyst Heard; II Working Harder to Get to Close; III The Last Month and the Potential; IV Discussions and Deadlines; V The Revised Offer |
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Part III: Framework, Deal Structure, and Risk and ReturnIntroduction; Case 11: Making Sense of Eastgate; Abstract; I Background; II Traveler Group-The Investment Memo; III Completing the Memo; Case 12: Exiting Fund IV; Abstract; I The Email From Your Boss; II MetroVantage Advisors; III Investment Philosophy; IV Fund Timeline and Sale Terms; V Deliverables; Case 13: A Changing Retail Landscape and a Lease to Match; Abstract; I Muddled Metaphors; II Lease Agreements; III Deliverables; Case 14: Finding a Safe Way to Park: Investing in NNN Lease Properties; Abstract; I Blurring Asset Classes |
| Summary |
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 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (EBSCO, viewed May 15, 2019) |
| Subject |
Commercial real estate -- Finance
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BUSINESS & ECONOMICS -- Industrial Management.
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BUSINESS & ECONOMICS -- Management.
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BUSINESS & ECONOMICS -- Management Science.
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BUSINESS & ECONOMICS -- Organizational Behavior.
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Commercial real estate -- Finance
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| Genre/Form |
Case studies
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Case studies.
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Études de cas.
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| Form |
Electronic book
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| ISBN |
9780128159903 |
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0128159901 |
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