Details

Emerging Market Real Estate Investment


Emerging Market Real Estate Investment

Investing in China, India, and Brazil
Frank J. Fabozzi Series, Band 196 1. Aufl.

von: David J. Lynn, Tim Wang

38,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 14.09.2010
ISBN/EAN: 9780470912584
Sprache: englisch
Anzahl Seiten: 256

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

Emerging markets in real estate investing have been an increasing focus for institutional real estate investors worldwide. Part of the Fabozzi series, this book is an insightful overview of international real estate focusing on three of the BRICs: China, India, and Brazil.  The authors provide a framework for thinking about these dynamic markets characterized by youthful populations, extraordinary demand, capital inefficiency, and aspiration. Also discussed are the sociopolitical issues, policy, and entry/exit strategies. Notably, the book makes a sanguine assessment of the risks and opportunities of alternative strategies in each country.
Preface vii <p>Characterizing Emerging Market Real Estate x</p> <p>China, India and Brazil x</p> <p>Outline of the Book xvi</p> <p>Note xvi</p> <p>Disclaimer xvii</p> <p>Acknowledgments xix</p> <p><b>CHAPTER 1 Fundamentals of Real Estate Investment 1</b></p> <p>Investing by Property Sector 3</p> <p>Investing by Style 7</p> <p>Investing by Phase 9</p> <p>Asset Allocation 10</p> <p>Notes 10</p> <p><b>CHAPTER 2 Investing in International Real Estate 13</b></p> <p>Why Invest in International Real Estate? 13</p> <p>Risks in International Real Estate 22</p> <p>Mitigating Country Risks 23</p> <p>Notes 26</p> <p><b>CHAPTER 3 China 27</b></p> <p>Introduction 27</p> <p>Overview of the Market Environment 29</p> <p>The Real Estate Market 48</p> <p>Property Sectors 56</p> <p>Primary Markets 66</p> <p>Secondary Markets 80</p> <p>Investment Strategies 84</p> <p>Notes 98</p> <p><b>CHAPTER 4 India 101</b></p> <p>Introduction 101</p> <p>Overview of the Market Environment 102</p> <p>The Real Estate Market 111</p> <p>Property Sectors 115</p> <p>Primary Markets 128</p> <p>Secondary Markets 136</p> <p>Investment Strategies 140</p> <p>Notes 152</p> <p><b>CHAPTER 5 Brazil 153</b></p> <p>Introduction 153</p> <p>Overview of the Market Environment 153</p> <p>The Real Estate Market 171</p> <p>Property Sectors 174</p> <p>Primary Markets 200</p> <p>Investment Strategies 203</p> <p>Notes 209</p> <p><b>APPENDIX A Country Risk 211</b></p> <p><b>APPENDIX B Property Market Practice in China 213</b></p> <p>Bibliography 217</p> <p>About the Authors 219</p> <p>Index 221</p>
<p><b>DAVID J. LYNN, P<small>H</small>D,</b> is an institutional real estate investor, strategist, and portfolio manager with extensive experience in national and international markets. Currently, he is Managing Director, Head of the Research and Investment Strategy Group, and Generalist Portfolio Manager at ING Clarion Partners. In this capacity, he directs the firm's strategic and tactical investment decisions regarding investment portfolios. He is also a member of the Investment and Operating Committees, where he makes decisions on billions of dollars of new investments, portfolios, fund strategies, and dispositions. Lynn's theoretical work has yielded new approaches and analytical techniques in the areas of active portfolio management, market forecasting, financial distress, and emerging markets. He has published widely on the subjects of real estate investment, development, economics, and land use. Lynn has written or coauthored over seventy articles, internal investment and strategy papers, and three major books, including <i>Active Private Equity Real Estate Strategy</i>. He writes a highly regarded column called "Capital Trends" in <i>National Real Estate Investor</i> magazine and is frequently cited in the media for his views on the economy and the real estate industry. Lynn earned his PhD in financial economics from the London School of Economics, where he also earned a master of science specializing in finance. He holds an MBA from MIT's Sloan School of Management. <p><b>TIM WANG, P<small>H</small>D,</b> is Senior Vice-President and Senior Investment Strategist with the Research and Investment Strategy Group at ING Clarion Partners. Dr. Wang joined ING Clarion Partners in 2006 and has authored more than fifty internal and external real estate investment strategy and market research articles and book chapters. He is a frequent speaker at industrial conferences. Tim holds an MBA from New York University and a PhD from the University of Georgia.
<p><b>EMERGING MARKET REAL ESTATE INVESTMENT</b> <p>In recent years, China, India, and Brazil have received much attention, and rightfully so. They are among the biggest and fastest-growing economies, encompassing a significant percentage of the world's land coverage, 30 percent of the world's population, and amounting to a combined gross domestic product (GDP) of more than twelve trillion dollars. While there are ample real estate investment opportunities available in these and other emerging markets, understanding the dynamics of this important asset class is essential if you intend on making prudent investments. <p>Focusing primarily on private equity real estate investment in China, India, and Brazil, this reliable resource details an approach to commercial real estate investment in emerging markets and illustrates several strategies and analytical methods crucial to successful investment. Filled with in-depth insights and expert advice, <i>Emerging Market Real Estate Investment</i> focuses on investment themes and strategies as well as the economic, legal, and institutional environment of each country. <p>Opening with two informative chapters that provide an overview of the fundamentals of commercial and international real estate investment, this practical guide also includes in-depth country-specific chapters on China, India, and Brazil.

Diese Produkte könnten Sie auch interessieren:

Agile Project Management
Agile Project Management
von: Project Management Journal
EPUB ebook
23,99 €
Make Change Work
Make Change Work
von: Randy Pennington
PDF ebook
14,99 €
Nonprofit Law Made Easy
Nonprofit Law Made Easy
von: Bruce R. Hopkins
EPUB ebook
53,99 €