Private Real Estate Markets and Investments
H. Kent Baker and Peter Chinloy
Abstract
This book provides an overview of private real estate markets and investments. The 14 chapters are divided into three sections: (1) foundations of private real estate, (2) private assets and properties, and (2) agency sustainability, and regulation. The first section provides an introduction to the book and chapters on institutional real estate markets, real estate cycles, and behavior real estate. The second section discusses conventional and alternative real estate investments. Conventional investable real assets examined include retail and apartments and office and industrial facilities own ... More
This book provides an overview of private real estate markets and investments. The 14 chapters are divided into three sections: (1) foundations of private real estate, (2) private assets and properties, and (2) agency sustainability, and regulation. The first section provides an introduction to the book and chapters on institutional real estate markets, real estate cycles, and behavior real estate. The second section discusses conventional and alternative real estate investments. Conventional investable real assets examined include retail and apartments and office and industrial facilities owned by corporate entities. Alternative real estate assets include healthcare, Mineral rights, and infrastructure such as roads, bridges, and public utilities. The third section includes appraisal and valuation, brokerage and transaction costs, sustainability, green buildings, and regulator issues. Readers should gain a greater appreciation of what is needed to be successful when investing in private real estate markets. The world’s wealth is shifting to emerging markets where real estate is already a dominant asset class and public securities markets are limited. Institutions with long horizons avoid publicly traded markets because they want to capture any premium from illiquidity. Real estate involves local and cultural restrictions on land usage, sustainability, and on the regulation of the illiquidity.
Keywords:
private real estate,
apartments,
retail,
office,
industrial,
healthcare,
infrastructure,
oil and gas,
interest rates,
illiquidity,
regulation
Bibliographic Information
| Print publication date: 2014 |
Print ISBN-13: 9780199388752 |
| Published to Oxford Scholarship Online: August 2014 |
DOI:10.1093/acprof:oso/9780199388752.001.0001 |
Authors
Affiliations are at time of print publication.
H. Kent Baker, editor
Kogod School of Business, American University
Peter Chinloy, editor
Kogod School of Business, American University
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