Managing Real Estate Portfolios

by Hudson-Wilson, Susan; Wurtzebach, Charles H.

• ISBN13: 9781556233630
• ISBN10: 1556233639
• Format: Hardcover
• Copyright: 1993-11-01
• Publisher: Irwin Professional Pub

Summary

Real estate portfolio management is a subject whose time has come. The real estate investments accumulated with such fervor in the 80s are flow being closely scrutinized to determine their portfolio performance over the last decade. Investors are now asking, "What are the characteristics of my 'collection' of properties? What role will real estate play in my multiasset portfolio?" Despite some lagging performances, investor interest in the asset class continues - and given real estate's share of total world wealth, it is not likely to wane.
In Managing Real Estate Portfolios, noted investors, managers, and consultants share their insights on designing and managing effective real estate portfolios. Applying new and traditional financial theory to real estate investment, this collection covers methods of portfolio construction - the main focus of the book; appraisal of property in the context of investment goals; measuring the performance of the investment; and real estate investment in the international markets, a topic of growing interest to today's investor.
From a valuable historical perspective of real estate markets (how they evolved from mere factors of production to viable investment mediums) to the complexities and added risks of allocating one's portfolio around the world, Managing Real Estate Portfolios offers an insightful and thought-provoking collection of works from noted authorities in the field.
This is the source investors and real estate professionals alike will depend on to guide them through many of the key issues surrounding the developing field of real estate portfolio management.

Table of Contents

Introduction
Real Estate Markets: A Historical Perspective	p. 1
Commercial and Multifamily Real Estate Investment	p. 50
Real Estate in the Multiasset Portfolio	p. 98
Real Estate in a Capital Markets Context	p. 124
Real Estate Appraisal	p. 144
Real Estate Portfolio Management	p. 165
Financial Theory Replaces Anecdote	p. 165
What Saved PRISA? A Case Study	p. 185
"SampCo": A Hypothetical Portfolio Analysis	p. 207
Real Estate Investment Performance Measurement	p. 237
International Real Estate	p. 284
Bibliography
Index
Table of Contents provided by Blackwell. All Rights Reserved.