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ISBN10:1266202765 |
ISBN13: 9781266202766
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Real Estate Finance & Investments prepares readers to understand the risks and rewards of financing and investing in residential and commercial real estate. Concepts and techniques included in the chapters and problem sets are used in many careers related to real estate. These include investing, development financing, appraising, consulting, managing real estate portfolios, leasing, managing property, analyzing site locations, corporate real estate, and managing real estate investment funds. This material is also relevant to individuals who want to understand real estate better when making their own personal investment and financing decisions. Real estate markets are impacted by many local, national, and international economic and demographic trends. This is coupled with new technology that impact different sectors of these markets. It is more important than ever to be able to evaluate how these trends will impact the risk and return for both lenders and investors. This text is designed to help both students and other readers understand these many factors so that they can perform the necessary analysis and make informed real estate finance and investment decisions.
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PART ONE: OVERVIEW OF REAL ESTATE FINANCE AND INVESTMENTS 1 Real Estate Investment Basic Legal Concepts 2 Real Estate Financing Notes and Mortgages PART TWO: MORTGAGE LOANS 3 Mortgage Loan Foundations The Time Value of Money 4 Fixed Interest Rate Mortgage Loans 5 Adjustable and Floating Rate Mortgage Loans 6 Mortgages Additional Concepts, Analysis, and Applications PART THREE: RESIDENTIAL HOUSING 7 Single-Family Housing Pricing, Investment, and Tax Considerations 8 Underwriting and Financing Residential Properties PART FOUR: INCOME-PRODUCING PROPERTIES 9 Income-Producing Properties Leases, Rents, and the Market for Space 10 Valuation of Income Properties Appraisal and the Market for Capital 11 Investment Analysis and Taxation of Income Properties 12 Financial Leverage and Financing Alternatives 13 Risk Analysis 14 Disposition and Renovation of Income Properties 15 Financing Corporate Real Estate PART FIVE: FINANCING REAL ESTATE DEVELOPMENT 16 Financing Project Development 17 Financing Land Development Projects PART SIX: ALTERNATIVE REAL ESTATE FINANCING AND INVESTMENT VEHICLES 18 Structuring Real Estate Investments Organizational Forms and Joint Ventures 19 The Secondary Mortgage Market Pass-Through Securities 20 The Secondary Mortgage Market CMOs, CDOs, CLOs, and Derivative Securities 21 Real Estate Investment Trusts (REITs) PART SEVEN: PORTFOLIO ANALYSIS AND REAL ESTATE FUNDS 22 Real Estate Investment Performance and Portfolio Considerations 23 Real Estate Funds Structure, Performance, Benchmarking, Risk and Attribution Analysis
About the Author
William B. Brueggeman
Jeffrey Fisher
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assignments</b></li> <li>Explore the <b>free </b><a href="/content/mhe/en_us/learning-solutions/digital-solutions/mhebook.html"><span class="link-dark-underline">ReadAnywhere app</span></a> app to access the eBook offline</li> </ul> <p><span><b>Note:</b> Connect can only be used if assigned by your instructor. </span></p> Learn more about Connect <p><span><span><span class="link-dark-underline">Learn more about Connect</span></span></span></p> <span><span><b>Note:</b> Does <b>not</b> come with digital platform access (e.g. Connect, ALEKS, SIMnet etc.)</span></span> Learn more about ALEKS 360> View Features of ebook rental Features <ul> <li>Highlight, take notes, and search</li> <li>Download the<b> free </b><a href="/content/mhe/en_us/learning-solutions/digital-solutions/mhebook.html"><span class="link-dark-underline">ReadAnywhere app</span></a> for offline and mobile access</li> </ul> <div>Note:<b> Connect access NOT included.</b> If Connect is required for your course, click the 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including read-aloud functionality, jump links and dynamic note-taking and highlighting features </span> </li> </ul> <p style="padding-bottom: 16px; margin-bottom: 0px;"> <span> <strong>Connect Features:</strong> </span> </p> <ul style="list-style: none; padding-left: 0; margin: 0;"> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Integrates in your LMS. </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Prebuilt courses, presentation slides and instructor resources. </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Test question banks, adaptive assignments, essay prompts, video content and more interactive exercises specific to your course subject. </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> eBook access (with included <a href="/content/mheducation/us/en/highered/digital-products/mhebook">ReadAnywhere app</a>). </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: 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Login or join Connect to discover resources built to support you. </p> <p>Every Connect title includes tools and resources to support teaching and learning. Below are some of the available features for your course.</p> LMS Integration Prebuilt Course Materials Adaptive Assignments eBook Access Print Add-On Remote Proctoring <h3>Learn how Connect can enhance your course </h3> Explore Assignments for Your Course <p style="padding-bottom: 16px; margin-bottom: 0px;"> <span> <strong>Print Features:</strong> </span> </p> <ul style="list-style: none; padding-left: 0; margin: 0;"> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Rentable options available for student use </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Hardcopy and softcover formats available </span> </li> </ul> <p style="padding-bottom: 16px; margin-bottom: 0px;"> <span> <strong>Go Features:</strong> </span> </p> <ul style="list-style: none; padding-left: 0; margin: 0;"> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Integrates in your LMS. </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Assignable readings. </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Auto-graded chapter questions. </span> </li> </ul> Go - Take a Tour Go - Take a Tour Go - Take a Tour Take a Tour Go - Take a Tour Go - Learn More Go - Learn More Go - Learn More Learn More Go - Learn More <p style="padding-bottom: 16px; margin-bottom: 0px;"> <span> <strong>Print Features:</strong> </span> </p> <ul style="list-style: none; padding-left: 0; margin: 0;"> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Free instructor sample copy </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Hardcopy and softcover formats available </span> </li> </ul> <p style="padding-bottom: 16px; margin-bottom: 0px;"> <span> <strong>Connect Loose-Leaf Features:</strong> </span> </p> <ul style="list-style: none; padding-left: 0; margin: 0;"> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Comprehensive online learning platform + unbound loose-leaf print text package. </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Connect includes <strong>homework</strong>, <strong>study tools,</strong> <strong>eBook, and adaptive assignments</strong>. </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Download the <strong>free </strong><a href="https://www.mheducation.com/highered/learning-solutions/digital-solutions/mhebook.html">ReadAnywhere app</a> to access the eBook offline. </span> </li> </ul> Features <ul> <li>Highlight, take notes, and search</li> <li>Download the<b> free </b><a href="/content/mhe/en_us/learning-solutions/digital-solutions/mhebook.html"><span class="link-dark-underline">ReadAnywhere app</span></a> for offline and mobile access</li> </ul> <div>Note:<b> Connect access NOT included.</b> If Connect is required for your course, click the "Connect" tab.</div> Check out this video to learn more about eBooks > Watch to learn more about the eBook <p><u>Watch to learn more about the eBook</u></p> <p style="padding-bottom: 16px; margin-bottom: 0px;"> <span> <strong>Print Features:</strong> </span> </p> <ul style="list-style: none; padding-left: 0; margin: 0;"> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Free instructor sample copy </span> </li> <li style="padding-bottom: 16px; margin-bottom: 0px; display: table; width: 100%;"> <span style="color: #E21A23; display: table-cell; width: 16px; padding-right: 7px; vertical-align: top;"> <uxt-icon icon="check-circle-fill"></uxt-icon> </span> <span style="display: table-cell; vertical-align: top;"> Hardcopy and softcover formats available </span> </li> </ul> eBook Print Connect ALEKS GO GDP Online Only <p><span class="fs-small">* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.</span></p> <h2><span class="h3"><span class="fw-semibold">Instructor Information</span></span></h2> <h2><span><span class="fs-5"><span class="fw-bolder">Instructor Quick Actions</span></span></span></h2> text Instructor Quick Actions Get Access Get access as soon as you validate! Request Sample Get a copy as soon as validated. Find Rep Find a local rep best suited for you. <h2><span class="fs-5"><span class="fw-bolder">Product Information</span></span></h2> <p>First accordion item</p> Overview Release Notes Table of Contents Author Bios Accessibility Affordability <p>McGraw Hill eBooks and digital platforms use an Evergreen delivery model with a release-centered process that makes it easy to keep courses fresh, engaging, and relevant.</p> <p>Release Notes provide detailed information about new and updated content delivered with each release.</p> <p>Your account requires validation. 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