Real Estate Finance & Investments

Overview

Rigorous yet practical, Real Estate Finance and Investments has been the leading real estate finance and investments text for over 25 years, consistently setting the standard for currency and coverage in real estate finance and investments textbooks. The 13th edition continues to provide students with the tools they need to understand and analyze real estate markets and the investment alternatives available to both debt and equity investors. New content and problems addressing current trends in real estate finance and investments have been seamlessly incorporated into the text, without disrupting the material and organization instructors have relied on in past editions.

Table of contents

Part 1. Introduction

1. An Introduction to Real Estate Investment: Legal Concepts
2. Financing: Notes and Mortgages
3. The Interest Factor in Financing

Part 2. Financing Residential Properties

4. Fixed Rate Mortgage Loans
5. Adjustable Rate Mortgages
6. Residential Financial Analysis
7. Single Family Housing: Pricing, Investment, and Tax Considerations
8. Underwriting and Financing Residential Properties

Part 3. Financing Income Properties (Debt and Equity)

9. Introduction to 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 4. Financing Proposed Projects

16. Financing Project Development
17. Financing Land Development Projects

Part 5. Alternative Real Estate Financing and Investment Vehicles

18. Joint Ventures, Syndications, and Partnerships
19. The Secondary Mortgage Market: Pass-Through Securities
20. The Secondary Mortgage Market: CMOs and Derivative Securities
21. Real Estate Investment Trusts (REITs)
22. Real Estate Investment Performance and Portfolio Considerations