Real Estate Analysis

ISBN-13: 9780367630218 / Miękka / 2023 / 170 str.

David Rees

Opis

Real Estate Analysis: A Financial Toolkit presents economic and financial models, applications and insights, packaged as a toolkit for analysts and other participants in commercial and residential real estate markets who seek to extend their insights into the measurement, performance and drivers of these markets.

Spis treści

Foreword

Chapter 1 – Space, Time and Assets: The three markets that drive real estate

Chapter 2 - Inside the Chrystal Ball: What is forecasting for?

Chapter 3 - Debt, Equity and the Cost of Capital: Can debt add value and enhance investment returns?

Chapter 4 - The Real Estate Quadrant Model: Finding value in the capital stack

Chapter 5 - Discounted Cash Flow Analysis - Inside the Engine Room: Getting the metrics right

Chapter 6 - Real Options and the Price of Choice: Decisions…decisions: trick or treat?

Chapter 7 - How property rights regulate outcomes: Change the rules, change the game

Chapter 8 - When Property Rights Fail - Compensation and Rent Seeking: Getting to "Fair Value"

Chapter 9 - When Property Rights Fail – Externalities: Good fences make good neighbours

Chapter 10 - Natural Resources: Old Problems, Changing Rules: Confronting the "surly bonds of Earth"

Chapter 11 - Investment Portfolios - Where Does Real Estate Fit In?: Putting it all together

O autorze

David Rees is an independent consultant. With a background in finance, real estate and investment strategy he has held positions as

• Regional Director of Research at JLL, an international real estate broker and manager
• Head of Research at Mirvac, a diversified publicly listed REIT
• Head of Research at Commonwealth Bank, Australia’s largest commercial bank

He is based in Sydney, Australia.