Competition, Growth Strategies and the Globalization of Services

Competition, Growth Strategies and the Globalization of Services

Author: Terence LaPier

Publisher: Routledge

Published: 1998-06-11

Total Pages: 269

ISBN-13: 1134701373

DOWNLOAD EBOOK

This book examines the international growth and diversification of real estate advisory services in the United States, the United Kingdom, Germany and Japan since 1960. The book explains how successful firms develop competitive advantages in the global marketplace. An evaluation of forty prominent firms (ten from each country) provides a comparative reference for a detailed analysis of the growth and internationalization of four major real estate advisory service firms (one from each country). The firms have responded in many ways to changes in international real estate investment, and their fortunes have varied accordingly. The analysis provides factual evidence demonstrating growth strategies that enable a firm to become a successful real estate advisory service in today's global economy.


Commercial Real Estate Investment

Commercial Real Estate Investment

Author: Andrew Baum

Publisher: Taylor & Francis

Published: 2009

Total Pages: 436

ISBN-13: 072820567X

DOWNLOAD EBOOK

This book uniquely combines academic literature and practical experience to provide a straightforward and integrated view on global real estate investment for pension funds, other institutions and professionals. Thanks to growing investment in commercial property research, property investment has become better understood and better managed than ever before. Many of the problems associated with property investment in the 1980s have found workable solutions through better understanding and management. We can now say that the measurement, benchmarking, forecasting and quantitative management techniques applied to property investments are comparable with other asset classes. Unfortunately, these techniques were not enough to help investors avoid the crash of 2007-2009. We can hope that in the hands of the next generation of investment managers, advisors and analysts, the approaches described in these pages will help to provide a foundation for a responsible and professionally guided recovery. Designed for practitioners facing the tough global market challenges, this book provides a fascinating read for fund managers, investors, banking staff, property advisors and advanced level students.


Real Estate Investment and Finance

Real Estate Investment and Finance

Author: David Hartzell

Publisher: John Wiley & Sons

Published: 2021-01-05

Total Pages: 596

ISBN-13: 1119526094

DOWNLOAD EBOOK

The fully revised and updated version of the leading textbook on real estate investment, emphasising real estate cycles and the availability and flow of global capital Real Estate Investment remains the most influential textbook on the subject, used in top-tier colleges and universities worldwide. Its unique, practical perspective on international real estate investment focusses on real-world techniques which measure, benchmark, forecast and manage property investments as an asset class. The text examines global property markets and real estate cycles, outlines market fundamentals and explains asset pricing and portfolio theory in the context of real estate. In the years since the text’s first publication, conditions in global real estate markets have changed considerably following the financial crisis of 2008-2009. Real estate asset prices have increased past pre-crisis levels, signalling a general market recovery. Previously scarce debt and equity capital is now abundant, while many institutions once averse to acquiring property are re-entering the markets. The latest edition – extensively revised and updated to address current market trends and practices as well as reflect feedback from instructors and students – features new content on real estate development, improved practical examples, expanded case studies and more. This seminal textbook: Emphasises practical solutions to real investing problems rather than complex theory Offers substantial new and revised content throughout the text Covers topics such as valuation, leasing, mortgages, real estate funds, underwriting and private and public equity real estate Features up-to-date sections on performance measurement, real estate debt markets and building and managing real estate portfolios Includes access to a re-designed companion website containing numerous problems and solutions, presentation slides and additional instructor and student resources Written by internationally-recognised experts in capital management and institutional property investing strategies, Real Estate Investment, Second Edition: Strategies, Structures, Decisions is an indispensable textbook for instructors and students of real estate fund management, investment management and investment banking, as well as a valuable reference text for analysts, researchers, investment managers, investment bankers and asset managers.


Making America's Budget Policy from the 1980's to the 1990's

Making America's Budget Policy from the 1980's to the 1990's

Author: Joseph J. Minarik

Publisher: Routledge

Published: 2016-09-16

Total Pages: 223

ISBN-13: 1315289199

DOWNLOAD EBOOK

This collection of articles traces the evolution over the 1980s of budget policy and tax reform by an architect of the Bradley tax reform bill. The articles present a chronological analysis of tax changes and the heated controversy over budget policy and the deficit. It concludes with an analysis of what the future holds. The author, currently staff director of the Joint Economic Committee of Congress, has the perspective of a fiscal expert with many years on the Washington scene.


The Gold Star Investment Strategy

The Gold Star Investment Strategy

Author: John Shannon

Publisher: AuthorHouse

Published: 2010-03

Total Pages: 138

ISBN-13: 1449094503

DOWNLOAD EBOOK

The Gold Star Investment Strategy is a must read for every American who is interested in saving and investing for the future. Today, more than ever before saving and investing is such a necessity that cannot be ignored. The days of company pensions and social security providing financial security are just about gone. Too many Americans are living dangerously pay check to pay check and others are saving but receiving investment advice from incompetent sources. The Gold Star Investment Strategy is a great strategy for saving and building wealth. Chapter I describes the strategy and shows how easy the strategy is to use. It also describes how truly diversified the strategy is and the necessity behind this diversification. I wrote this book because of my many, many, many years of studying economics and during that time have witnessed so many financial experts at the Federal Reserve, the Treasury, the colleges and universities, the investment community, the business community (including financial planners and investment advisors on TV and news media) giving such incompetent financial advice to the American public. My love of economic has produced a great strategy that is fool proof and easy to understand and use. The Gold Star Investment Strategy is unique in its diversification and ability to stand alone without the need for investment advice from other sources.


International Real Estate

International Real Estate

Author: W. Seabrooke

Publisher: John Wiley & Sons

Published: 2008-04-15

Total Pages: 384

ISBN-13: 1405172630

DOWNLOAD EBOOK

Real estate activity across national boundaries (investment, development and asset management) is firmly established as a major component of global economic activity. International Real Estate provides the understanding of real estate strategies and transactions that cross national boundaries. International organizations lament the narrow perspective of professionals in the real estate field, which stems from training that takes a parochial rather than international view of the practices and processes of real estate markets. This book takes an explicitly international perspective to the decision-making process leading to final 'accept' or 'reject' investment decisions. It will be the first to adopt an institutional approach that directly addresses the problems of how to identify and avoid the main pitfalls of cross-border investment in real estate. The key to understanding international real estate comes from understanding the impact on investment and management decisions of differences in the formal and informal 'rules of the game'. The authors define the key feature of international real estate as the institutions that frame, facilitate or impede investment in land and buildings across national boundaries.


Alternative Ideas in Real Estate Investment

Alternative Ideas in Real Estate Investment

Author: Arthur L. Schwartz Jr.

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 206

ISBN-13: 9400903677

DOWNLOAD EBOOK

Arthur L. Schwartz, Jr. and Steven D. Kapplin The focus of this volume of the ARES Monograph Series is new ideas in real estate investment. Within this volume, empiricial studies, literature reviews, and tutorials examine a broad range of important investment issues. Many new and innovative ideas are presented. This volume should be a rich source of real estate investment ideas for many years to come. Kapplin and Schwartz examine the returns of two types of REITs, as well as that of Master Limited Partnerships (MLP), over the 1987-1989 time period. Their sample consisted of 54 real estate securities; they conclude that these entities did not provide an effective inflation hedge. MLP returns exceeded that of the overall stock market, but the two REIT types did not provide rates-of-return in excess of the marked. An extensive review of the commercial real estate return literature is presented by Fletcher. He focuses upon studies that utilize commingled real estate fund (CREF) data. His detailed overview of the subject provides a much needed synthesis of the current literature. Roulac presents an extensive discussion of the differences in the per spectives of individual versus institutional investors. In his essay, he considers such factors as scale, diversification, and related issues. Addi tionally, he examines a wide range of literature from within academia, 1 INTRODUCTION 2 as well as the opinions of various real estate gurus. He concludes that behavioral factors override economic considerations.


Handbook of Portfolio Construction

Handbook of Portfolio Construction

Author: John B. Guerard, Jr.

Publisher: Springer Science & Business Media

Published: 2009-12-12

Total Pages: 796

ISBN-13: 0387774394

DOWNLOAD EBOOK

Portfolio construction is fundamental to the investment management process. In the 1950s, Harry Markowitz demonstrated the benefits of efficient diversification by formulating a mathematical program for generating the "efficient frontier" to summarize optimal trade-offs between expected return and risk. The Markowitz framework continues to be used as a basis for both practical portfolio construction and emerging research in financial economics. Such concepts as the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT), for example, provide the foundation for setting benchmarks, for predicting returns and risk, and for performance measurement. This volume showcases original essays by some of today’s most prominent academics and practitioners in the field on the contemporary application of Markowitz techniques. Covering a wide spectrum of topics, including portfolio selection, data mining tests, and multi-factor risk models, the book presents a comprehensive approach to portfolio construction tools, models, frameworks, and analyses, with both practical and theoretical implications.