Overview

This book provides an overview of private real estate markets and investments. The 14 chapters are divided into three sections for conventional and alternative real estate investments and regulatory issues. Conventional investable real assets examined are retail spaces, apartments, offices, and industrial facilities owned by corporate entities. Alternative real estate assets are uniquely and extensively addressed. These include healthcare, both for facilities and the pricing to make it an investable asset; infrastructure contains roads, bridges, and public utilities; and resources are in land, agriculture, oil, and gas. The regulatory section includes appraisal and valuation, brokerage and transaction costs, sustainability, and green buildings. Readers should gain a greater appreciation of what is needed to be successful when investing in private real estate markets.The share of real estate in institutional portfolios has risen above a previous 5% target, as investors avoid the risks of low interest rates. The world's wealth is shifting to emerging markets where real estate is already a dominant asset class and public securities markets are limited. Institutions with long horizons avoid publicly traded markets because they want to capture any premium from illiquidity. Real estate involves local and cultural restrictions on land usage, sustainability and on the regulation of the illiquidity. For information about public real estate, read Public Real Estate Markets and Investments.

Full Product Details

Author:   H. Kent Baker (University Professor of Finance and Kogod Research Professor, University Professor of Finance and Kogod Research Professor, Kogod School of Business, American University) ,  Peter Chinloy (Professor of Finance and Real Estate, Professor of Finance and Real Estate, Kogod School of Business, American University)
Publisher:   Oxford University Press Inc
Imprint:   Oxford University Press Inc
Dimensions:   Width: 23.90cm , Height: 2.50cm , Length: 16.00cm
Weight:   0.001kg
ISBN:  

9780199388752

ISBN 10:   019938875
Pages:   312
Publication Date:   25 September 2014
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Acknowledgments About the Editors About the Contributors PART 1 FOUNDATIONS OF PRIVATE REAL ESTATE 1. Private Real Estate Markets and Their Regulation: An Overview H. Kent Baker and Peter Chinloy 2. Institutional Real Estate Markets Glenn R. Mueller 3. Real Estate Cycles: International Episodes Man Cho and Kyung-Hwan Kim 4. Behavioral Real Estate Michael J. Seiler PART 2 PRIVATE ASSETS AND PROPERTIES 5. Multifamily Investment William G. Hardin III 6. Retail Real Estate François Des Rosiers and Marius Thériault 7. Healthcare Facilities Isaac Megbolugbe and Douglas Hough 8. Healthcare Providers Douglas Hough and Isaac Megbolugbe 9. Corporate Real Estate Peter Linneman 10. Mineral Rights, Oil, and Gas John S. Baen and Ming Kai Low 11. Infrastructure Hsu-Wen Peng and Graeme Newell PART 3 AGENCY AND SUSTAINABILITY 12. Appraisal and Valuation John Kilpatrick 13. Real Estate Brokerage G. Donald Jud 14. Green Buildings Sandy Bond and Elaine Worzala Answers to Discussion Questions Index

Reviews

"""Private Real Estate Markets and Investments provides an extensive collection of essays covering a range of topics pertinent to both investors seeking portfolio diversification through direct investment in real property as well as corporate managers wishing to maximize shareholder wealth by considering the strategic implications of using scare capital to acquire and hold real property. Thus, the book is well positioned to provide advanced undergraduate and graduate students as well as industry professionals with insights into the importance of direct real estate investment for the economy."" -- Brent W. Ambrose, Smeal Professor of Real Estate and Director of the Institute for Real Estate Studies, The Smeal College of Business, The Pennsylvania State University ""Baker and Chinloy have assembled an excellent team and dig into a wide range of real estate topics-not just the usual (and important) 'food groups' like housing, office, and retail, but also neglected topics like healthcare real estate and mineral rights. It's a fine resource for both students and professionals; I learned something new and worthwhile from every chapter."" -- Stephen Malpezzi, Professor, Graaskamp Center for Real Estate, Wisconsin School of Business"

Private Real Estate Markets and Investments provides an extensive collection of essays covering a range of topics pertinent to both investors seeking portfolio diversification through direct investment in real property as well as corporate managers wishing to maximize shareholder wealth by considering the strategic implications of using scare capital to acquire and hold real property. Thus, the book is well positioned to provide advanced undergraduate and graduate students as well as industry professionals with insights into the importance of direct real estate investment for the economy. -- Brent W. Ambrose, Smeal Professor of Real Estate and Director of the Institute for Real Estate Studies, The Smeal College of Business, The Pennsylvania State University Baker and Chinloy have assembled an excellent team and dig into a wide range of real estate topics-not just the usual (and important) 'food groups' like housing, office, and retail, but also neglected topics like healthcare real estate and mineral rights. It's a fine resource for both students and professionals; I learned something new and worthwhile from every chapter. -- Stephen Malpezzi, Professor, Graaskamp Center for Real Estate, Wisconsin School of Business

Private Real Estate Markets and Investments provides an extensive collection of essays covering a range of topics pertinent to both investors seeking portfolio diversification through direct investment in real property as well as corporate managers wishing to maximize shareholder wealth by considering the strategic implications of using scare capital to acquire and hold real property. Thus, the book is well positioned to provide advanced undergraduate and graduate students as well as industry professionals with insights into the importance of direct real estate investment for the economy. -- Brent W. Ambrose, Smeal Professor of Real Estate and Director of the Institute for Real Estate Studies, The Smeal College of Business, The Pennsylvania State University Baker and Chinloy have assembled an excellent team and dig into a wide range of real estate topics-not just the usual (and important) 'food groups' like housing, office, and retail, but also neglected topics like healthcare real estate and mineral rights. It's a fine resource for both students and professionals; I learned something new and worthwhile from every chapter. -- Stephen Malpezzi, Professor, Graaskamp Center for Real Estate, Wisconsin School of Business

Author Information

H. Kent Baker is a University Professor of Finance at the Kogod School of Business, American University. He has published 17 books and more than 150 refereed journal articles and is recognized as one of the most prolific finance academics. Professor Baker also has consulting and training experience with more than 100 organizations. Peter Chinloy is a Professor of Finance and Real Estate at the Kogod School of Business, American University. His research interests are in real estate equity and mortgage securitization. He is a member of the editorial boards of the three leading real estate journals and has taught at Cornell, Santa Clara, and the University of Southern California.

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