Real Estate Principles for the New Economy (with CD-ROM) / Edition 1by Norman G. Miller, David M. Geltner
Real Estate Principles for the New Economy reflects the new perspectives and practice in both industry and the academic world and the new possibilities brought about by the information technology revolution. Miller/Geltner integrate the developments in the field of financial economics that have become basic to the understanding of, and professional practice within,… See more details below
Real Estate Principles for the New Economy reflects the new perspectives and practice in both industry and the academic world and the new possibilities brought about by the information technology revolution. Miller/Geltner integrate the developments in the field of financial economics that have become basic to the understanding of, and professional practice within, the real estate field. These developments include capital markets equilibrium theory and portfolio theory. The authors discuss the implications of technology on both the specializations within the real estate industry and various property types. They utilize and demonstrate the importance of new data and tools such as those provided by Geographic Information Systems or through the resources of the Worldwide Web. Real Estate Principles provides new global perspectives, which require the reader to become sensitive to cultural differences that may influence business decisions, risk management and negotiation strategies. Miller/Geltner also consider the impact of new security and terrorism concerns since the tragic events of September 11, 2001.
Table of Contents
I. INTRODUCTION TO REAL ESTATE MARKETS. 1. Real Estate and Career Planning. 2. What Drives Real Estate Markets? 3. Central Cities and Regional Market Analysis. 4. Urban Land Values, Transportation Costs Impact and the Urban Form. II. FOCUSING ON PROPERTY MARKETS BY TYPE. 5. Residential Single Family Market Analysis. 6. Office and Industrial Property. III. LEGAL AND REGULATORY ENVIRONMENT. 7. Real Estate Property Rights, Fixtures and Ownership. 8. Contracts, Transferring Real Property Interests, and Leases. 9. Negotiation, Ethics and Risk Management in the Contracting Process. 10. Land Use Controls and Property Taxes. IV. REAL ESTATE FINANCIAL AND INVESTMENT ANALYSIS. 11. Introduction to Investment Concepts. 12. Value Theory, Highest and Best Use Analysis and the Cost Approach. Note: Extra Material on the Appraisal Industry on CD. 13. The Market Approach to Value. 14. Cash Flow Analysis. Note: Excel Spreadsheet for Cash Flow Analysis on CD. 15. Valuation Analysis: Income Discounting, Cap Rates and DCF Analysis. 16. Risk Analysis, Leverage and Due Diligence. 17. An Introduction to the Process of Real Estate Finance. 18. Real Estate Finance Tools: Present Value and Mortgage Mathematics. Note: Extra Mortgage Problems and Solutions on CD. 19. Residential Real Estate Finance: Mortgage Choices, Pricing and Risks. 20. Commercial Real Estate Finance. 21. Institutional Investment and REITs. V. REAL ESTATE BROKERAGE, LEASING, DEVELOPMENT AND TRENDS. 22. Residential Brokerage. 23. Commercial Brokerage and Leasing. 24. Real Estate Development and Property Trends. Appendix. Glossary. Index. CD TABLE OF CONTENTS: Brief Outline PowerPoint Files By Chapter. End of Chapter Questions and Answers: Separate files including extra mortgage math problems and solutions. Microsoft Excel Spreadsheets. Web Resources: Includes career assistance, trade associations, green design, sustainable development, terrorism and more. Supplemental Material. Profiles of Professionals and Advice to Students. Supplemental Chapter on Airports and Mixed Use Property. Supplemental Chapter on Development and Construction Finance. Supplemental Chapter on Site Analysis and GIS. Supplemental Chapter on Corporate Real Estate. Supplemental Chapter on Lodging and Convention Centers. Supplemental Chapter on Parking Facilities. Supplemental Chapter on Property Management. Supplemental Chapter on Recreation and Entertainment Property. Supplemental Chapter on Retail Property Analysis. Supplemental Chapter on the Appraisal Industry.
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