An introduction to real estate finance /

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An Introduction to Real Estate Finance serves as the core of knowledge for a single-semester first course in real estate finance. Unlike other real estate finance textbooks with their encyclopedic but typically stale details, this book combines a short traditional text with a living website. The boo...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Glickman, Edward (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Amsterdam : Academic Press, 2013.
Temas:
Mortgage loans.
Real property > Finance.
Pr�ets hypoth�ecaires.
Biens r�eels > Finances.
Mortgage loans
Real property > Finance
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Machine generated contents note: ch. 1 The Real Estate Industry
  • 1.1. Types of Real Estate
  • 1.2. Interests in Real Property
  • 1.3. Forms of Property Ownership
  • 1.4. Real Estate Functions
  • 1.5. Types of Real Estate Companies
  • 1.6. Ownership of Real Estate Companies
  • 1.7. Other Real Estate Industry Participants
  • ch. 2 Market Analysis
  • 2.1. Impact of the Economy on the Real Estate Market
  • 2.2. Economic Influences on Specific Property Types
  • 2.3. Economic and Demographic Analysis
  • 2.4. Governmental and Political Factors
  • 2.5. Analysis of Local Supply and Demand
  • 2.6. Property-Specific Due Diligence
  • ch. 3 Accounting and Tax
  • 3.1. Accounting Standards
  • 3.2. Real Estate Income Statement
  • 3.3. Real Estate Balance Sheet
  • 3.4. Real Estate Cash Flow Statement
  • 3.5. Taxation
  • 3.6. Tax as a Transactional Consideration
  • ch. 4 Cash Flows and Modeling
  • 4.1. Fundamental Principals
  • 4.2. Modeling Development and Construction
  • 4.3. Cash versus Accrual Modeling
  • 4.4. Property-Type-Specific Issues
  • 4.5. Building a Spreadsheet
  • 4.6. Spreadsheet Analysis
  • ch. 5 Property Valuation
  • 5.1. Capitalized NOI Method
  • 5.2. Discounted Cash Flow (DCF) Method
  • 5.3.Comparable Sales
  • 5.4. Cost Approach
  • 5.5. Value of Asset versus Value of Equity
  • 5.6. Impact of In-Place Financing
  • 5.7. Appraisal Process
  • ch. 6 Capital Markets
  • 6.1. Why Invest in Real Estate?
  • 6.2. Types of Real Estate Interests
  • 6.3. Forms of Real Estate Investments
  • 6.4. Types of Real Estate Securities
  • 6.5. Real Estate Investors
  • 6.6. Capital Market Participants
  • 6.7. Market Statistics
  • ch. 7 Property Finance: Debt
  • 7.1. Types of Real Estate Loans
  • 7.2. Determining the Best Type and Source of Financing
  • 7.3. Loan Terms
  • 7.4. Determining Loan Amount
  • 7.5. Property Lifecycle Issues
  • ch. 8 Mortgage-Backed Securities
  • 8.1. The Development of Mortgage-Backed Securities
  • 8.2. Benefits to Lenders and Borrowers from Securitization
  • 8.3. Structuring Mortgage-Backed Securities
  • 8.4. Cmbs
  • 8.5. Rmbs
  • ch. 9 Property Finance: Equity
  • 9.1. Characteristics
  • 9.2. Forms of Equity Investment
  • 9.3. Structuring Issues
  • 9.4. Investors
  • 9.5. Strategic Utilization of Equity by the Entrepreneur
  • ch. 10 Capital Structure
  • 10.1. The Capital Stack
  • 10.2. Use of Debt to Enhance Equity Yields
  • 10.3. Impact of Leverage on Risk
  • 10.4. Hybrid Financing Forms
  • 10.5. Impact of Credit Markets on Property Valuation
  • 10.6. Impact of Debt Terms on Optimum Capital Structure
  • 10.7. Deconstructing a Debt Quote
  • ch. 11 Development Finance
  • 11.1. Development Process
  • 11.2. Key Participants
  • 11.3. Financing Stages
  • 11.4. Government Finance
  • 11.5. Development Risks
  • 11.6. Real Options
  • ch. 12 Housing Finance
  • 12.1. Housing Finance
  • 12.2. The Economic Impact of the U.S. Housing Market
  • 12.3. History
  • 12.4. Single-Family Home Financing
  • 12.5. Multifamily
  • 12.6. Housing Development
  • 12.7. Impact of Housing Development on Local Infrastructure
  • ch. 13 REITs and Real Estate Corporate Finance
  • 13.1. What Is a REIT?
  • 13.2. REIT Qualification Tests
  • 13.3. Benefits to Investors
  • 13.4. Capital Requirements
  • 13.5. The REIT Operating Partnership
  • 13.6. REIT Financial Statements
  • 13.7.Common REIT Financial Metrics
  • 13.8. Current REIT Market Statistics
  • 13.9. The Non-REIT Real Estate Company
  • 13.10. Real Estate Company Operations
  • 13.11. History
  • ch. 14 Corporate Real Estate
  • 14.1. Function
  • 14.2. Goals
  • 14.3. Strategic Real Estate Financing for Corporations
  • 14.4. Financing Structures
  • 14.5. Alternative Capital Sources for Corporate Real Estate
  • ch. 15 International Real Estate
  • 15.1. Overview
  • 15.2. Rewards
  • 15.3. Risks
  • 15.4. Investment Structure
  • 15.5. Participants.

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