Real estate represents an increasingly significant global asset class and its distinctive characteristics must be understood by investors and researchers.
The Routledge Companion to Real Estate Investment provides an authoritative overview of the real estate asset class. The Companion focuses on the current academic research and its relevance for practical applications.
The book is divided into four parts, each containing specially written chapters by international experts in the relevant field. The contributors cover the institutional context for real estate investment, the main players in real estate investment, real estate appraisal and performance measurement, and real estate portfolios and risk management.
This Companion provides a comprehensive reference for students, academics and professionals studying, researching and working in real estate investment, finance and economics.
1. Introduction to real estate investment
PART I: THE INSTITUTIONAL CONTEXT
2: An international overview of real estate markets: similarities and differences
3: Regulation of managers and investment vehicles
4: Banking and real estate
5: Supply of investable buildings
PART II: THE PLAYERS
6: Fund managers
7: Real estate agents and brokerage
PART III: REAL ESTATE APPRAISAL AND PERFORMANCE MEASUREMENT
8: Valuations and their importance for real estate investments
9: Appraisal-based indices
10: Transaction-based indices
PART IV: PORTFOLIO AND RISK MANAGEMENT
11: Pricing models
12: Real options in real estate
13: Behavioural real estate finance
14: Commercial real estate investment in a portfolio of risky assets
15: Risk management
16: Evaluation of fund manager performance
17: Fund management and governance