Public Real Estate Markets and Investments

Author:   H. Kent Baker ,  Peter Chinloy
Publisher:   Oxford University Press Inc
ISBN:  

9780199993277


Pages:   336
Publication Date:   11 September 2014
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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Public Real Estate Markets and Investments


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Overview

Real estate is typically classified as an alternative to more traditional investments such as stocks and bonds. Real estate investing involves the purchase, ownership, management, rental, or sale of real estate for profit. Real estate investments can be both income producing and non-income producing. Although real estate can produce income like a bond and appreciate like a stock, this tangible asset has several unique characteristics as well as advantages and disadvantages relative to other investment alternatives. Benefits of including real estate in a portfolio include diversification, yield enhancement, risk reduction, tax management, and inflation hedging. Unlike traditional investments, investors in real estate have the ability to influence performance. Real estate has drawbacks in that it requires management, is costly and difficult to buy, sell, and operate, and sometimes has lower liquidity. Additionally, measuring the relative performance of real estate can be challenging. The purpose of this 14-chapter book is to provide an overview and synthesis of public real estate markets and investments in a global context. The book discusses the major types and the latest trends within public real estate markets and presents the results of research studies in a straightforward manner. It has three sections: (1) foundations of public real estate, (2) public debt markets and investments, and (3) public equity markets and investments. The book should be interest to various groups including academics, practitioners, investors, and students. Readers should gain a greater appreciation of what is needed for success when investing in public real estate markets. For more information about private real estate, read Private Real Estate Markets and Investments.

Full Product Details

Author:   H. Kent Baker ,  Peter Chinloy
Publisher:   Oxford University Press Inc
Imprint:   Oxford University Press Inc
Dimensions:   Width: 16.20cm , Height: 2.30cm , Length: 24.20cm
Weight:   0.620kg
ISBN:  

9780199993277


ISBN 10:   0199993270
Pages:   336
Publication Date:   11 September 2014
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Acknowledgments ; About the Editors ; About the Contributors ; PART 1 FOUNDATIONS OF PUBLIC REAL ESTATE ; 1. Public Real Estate Markets and Investments: An Overview ; H. Kent Baker and Peter Chinloy ; 2. Diversification Benefits of Real Estate ; Brad Case ; 3. International Real Estate Markets ; K. W. Chau, S. K. Wong, and C. Y. Yiu ; 4. Strategy: Seeking Alpha Opportunities and Managing Risks in Global Markets ; Stephen E. Roulac ; PART 2 PUBLIC DEBT MARKETS AND INVESTMENTS ; 5. Mortgage Markets: The United States ; Eric S. Belsky ; 6. Mortgage Markets: International ; Kyung-Hwan Kim and Man Cho ; 7. Development of the Market for Mortgage-Backed Securities ; Stephen A. Buser and John J. McConnell ; 8. Prepayment and Default Risk ; Stephen L. Buschbom, James B. Kau, and Donald C. Keenan ; 9. Commercial Mortgages and Commercial Mortgage-Backed Securities ; Xudong An and Kerry D. Vandell ; 10. The Subprime Mortgage Crisis ; Anthony B. Sanders ; PART 3 PUBLIC EQUITY MARKETS AND INVESTMENTS ; 11. REITs: Structure and Performance ; Walter I. Boudry and Jarl G. Kallberg ; 12. REITs: International Dimensions ; Ehsan Nikbakht, Garrett Smith, and Andrew Spieler ; 13. REITs: Capital Structure ; Zhonghua Wu ; 14. Real Estate Operating Companies ; Peter Zabierek ; Answers to Discussion Questions ; Index

Reviews

Public Real Estate Markets and Investments provides an extensive collection of essays covering a range of topics pertinent to investors seeking portfolio diversification through debt and equity investments in 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 public 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


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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