Real Estate Investment and Finance

Global real estate markets have changed significantly in the years since the financial crisis of 2008-2009. As real estate asset prices move past pre-crisis levels, and debt and equity capital become more available, many institutions are re-entering global markets.

Reflecting current market trends and practices, the latest edition of Real Estate Investment and Finance features extensively revised content throughout, including a new chapter on real estate development, expanded examples and case studies, a re-designed companion website and numerous improvements based on direct feedback from instructors and students. Emphasising practical solutions rather than complex theory, this market-leading textbook offers:

• Explanations of basic economics and finance theories in the context of global real estate investing
• Techniques used to evaluate real estate investments at the property level, from simple heuristics to complex and dynamic valuation models
• Descriptions of modern international investment structures, such as unlisted real estate funds and real estate operating companies
• Up-to-date coverage of performance measurement, real estate debt markets and building and managing real estate portfolios