Building on strong economic and finance principles, Investment Analysis for Real Estate Decisionsoffers a comprehensive analysis of real estate investment concepts. With a focus on finance and economics, this text teaches you the fundamental ideas and concepts in real estate investment to aid in the decision-making process.

489 pages, 2003 copyright, 7 ? x 9 ¼”.

Highlights

Contents
The Real Estate Investment Decision • Investment Strategy and the Concept of Market Efficiency • Land Utilization and the Rental Value of Real Estate • Market Research Tools and Techniques • Reconstructing the Operating History • Forecasting Income and Property Value • Financial Leverage and Investment Analysis • Credit Instruments and Borrowing Arrangements • The Cost of Borrowed Money • Basic Income Tax Issues • Tax Consequences of Property Disposal • Traditional Measure of Investment Worth • Discounted Cash-Flow Analysis • Investment Goals and Decision Criteria • Risk in Real Estate Investment • Traditional Risk-Adjustment Methods • Contemporary Risk Measures • Risk Management in a portfolio Context • Investment Feasibility Analysis • Analyzing Subdivision Proposals • Development and Rehabilitation • Industrial Property, Office Building, and Shopping Center Analysis • Real Estate Investment Trusts • Appendices: Mathematics of Compounding and Discounting • Compounding and Discounting with Financial Calculators • Financial Tables • Normal Distribution Table • A Close Look at Like-Kind Exchanges • Glossary • Index