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Title Routledge companion to real estate investment / edited by Bryan D. MacGregor, Rainer Schulz and Richard K. Green
Published Abingdon, Oxon ; New York, NY : Routledge, 2019

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Description 1 online resource (xii, 345 pages)
Series Routledge companions
Routledge companions.
Contents Cover; Half Title; Title Page; Copyright Page; Table of contents; Figures; Tables; Contributors; Introduction; 1 Introduction to real estate investment; Part I The institutional context; 2 An international overview of real estate markets: Similarities and differences; Introduction; A simple market model; Institutional economics; Institutional formation; A systems approach; Key market characteristics; Tax and legal; Market transparency; Lease terms; The effect of planning systems on real estate markets; The terms of trade between investors and developers; Summary and conclusion; Notes
ValuationTransparency; Depositary; Relevance for the real estate market; REIT regulation; General aspects in Europe; Different REIT requirements in Europe; Regulation of fund managers and investment vehicles in Asia; Basel III in Asia; Solvency II in Asia; Mortgage regulation in Asia; REIT regulation in Asia; Comparison of Asian REIT legislative frameworks; Summary and conclusion; Acknowledgements; Notes; References; 4 Banking and real estate; Introduction; Construction lending; Permanent residential lending; Mortgage product types; Balance sheet issues; Credit risk issues; Servicing
The United States compared with other countriesBasel; Non-bank lending; Commercial lending; Banks and other entities; Conclusion and summary; Notes; References; 5 The supply of investable buildings; Introduction; A macro-economic perspective; Tenure; Development industry; Construction and development finance; Forms of short-term finance; Forms of long-term finance; Public-private partnerships; Investors and the real estate stock; Selected policy issues; Summary and conclusions; References; Part II The players; 6 Fund managers; Introduction; Structure of the industry
Private direct property fund managersGeographic private direct property fund managers; Diversified versus sector-specific private direct property fund managers; Specialist managers; Style-based specialist managers; Active or passive style; Top down or bottom up style; Core, value added or opportunistic style; Return focus based specialist managers; Wholesale compared with retail private direct property fund managers; Public direct property fund managers; Real estate investment trusts; Diversified compared with sector-specific REITs; REOCs, non-REITs and property companies
Summary Real estate represents an increasingly significant global asset class and its distinctive characteristics must be understood by investors and researchers. The Routledge Companion to Real Estate Investment provides an authoritative overview of the real estate asset class. The Companion focuses on the current academic research and its relevance for practical applications. The book is divided into four parts, each containing specially written chapters by international experts in the relevant field. The contributors cover the institutional context for real estate investment, the main players in real estate investment, real estate appraisal and performance measurement, and real estate portfolios and risk management. This Companion provides a comprehensive reference for students, academics and professionals studying, researching and working in real estate investment, finance and economics
Bibliography Includes bibliographical references and index
Notes Online resource; title from digital title page (viewed on March 13, 2019)
Subject Real estate investment.
BUSINESS & ECONOMICS -- Finance.
Real estate investment
Genre/Form handbooks.
Handbooks and manuals.
Guides et manuels.
Form Electronic book
Author MacGregor, Bryan D., editor.
Schulz, Rainer (Economist), editor.
Green, Richard K., editor.
ISBN 9781315775579
1315775573
9781317687849
1317687841
9781317687856
131768785X
9781317687832
1317687833