Commercial Real Estate Analysis and Investments, 2e
By David M. Geltner, Norman G. Miller, Jim Clayton, and Piet Eichholtz |
Description:
The well-known and respected authorship team of Geltner and Miller bring you a new edition of what has become the undisputed and authoritative resource on commercial real estate analysis and investment. Streamlined and completely updated with expanded coverage of corporate and international real estate investment, this upper-level real estate text presents the essential concepts, principles and tools for the analysis of commercial real estate (income producing) from an investment perspective.
Once again, Commercial Real Estate Analysis and Investments, 2e bridges the gap between mainstream finance and the current cutting edge of professional real estate practice, in order to address the implications of their key differences. This new edition continues to integrate relevant aspects of urban and financial economics to provide users with a fundamental analytical understanding and application of real estate investments. Other chapter topics include periodic returns measurement, risk analysis, asset valuation, investment analysis, leverage, capital structure, portfolio theory, and option valuation theory. This textbook also features a short section on Monte Carlo simulation and sensitivity analysis. An accompanying CD-ROM includes a Textbook Edition (140-day limit) of Crystal Ball Professional Edition and several Crystal Ball software exercises.
In this edition Geltner and Miller enhance their unmatched pedagogy by adding in a discussion of the real options application to real estate development and streamlining the discussion of data returns. Author Piet Eichholtz from the University of Maasstricht contributes an entire chapter that explores international real estate investments, both opportunistically and structurally, by outlining elements for developing and implementing real estate investments successfully abroad. Jim Clayton from the University of Cincinnati thoroughly revised and updated the finance coverage and end-of-chapters questions throughout.
Details:
Published 2006 by South-Western Educational, Copyright 2006,
Hardbound, 880 pp.
ISBN: 0324305486. Includes a 140-day Textbook Edition of Crystal Ball Professional Edition. |
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Description:
Periodic worldwide economic turmoil over the last few decades
has created an environment in which the degree of risk of investment
assets is now an important factor in their evaluation. This text
is the first to examine the effect of such changes on real estate
markets, taking an in-depth look at three major areas of financial
and economic importance within the real estate profession:
- The time value of money and the valuation of cash flows,
- Risk and return in real estate, and
- Portfolio management.
A unique feature of the book is its extensive use of empirical
evidence, with ideas supported by research that has been undertaken
using real property data. In addition, the authors have explored
new areas by pushing back the boundaries of research, to encourage
debate and provide a framework for the development of new ideas.
The authors describe how Crystal Ball and simulation can be applied
to control and identify risk. The book does not come with a trial
version of Crystal Ball.
Details:
Published 1999 by Pearson
Education, Copyright 1999, 736 pages, ISBN: 0130200638. Does
not include a version of Crystal Ball on CD.
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