ABSTRACT

Real Estate Investment: A Strategic Approach introduces professional and technical approaches to building and managing large real estate portfolios. The new edition has been fully rewritten and reorganised and includes five new chapters, 25 new international case studies and a renewed focus on topics such PropTech (property technology), innovation and ESG.

Andrew Baum outlines the market and the players who dominate it; the investment process; the vehicles available for investment; and an approach to global portfolio construction, pricing and performance measurement. The book contains many useful features for students, including numerous boxed examples drawing on international cases, a glossary, and chapter summaries.

Ideal for undergraduate and postgraduate students on all real estate and property courses and related business studies and finance courses, Real Estate Investment is designed to provide a foundation for the next generation of investment managers, advisers and analysts.

Further resources for lecturers and students are available online at www.andrewbaum.com.

part 1|70 pages

Introduction to the market

chapter 1|26 pages

Introduction

Real estate – the asset class

chapter 2|18 pages

The market – and who makes it

chapter 3|24 pages

Market fundamentals and rent

part 2|147 pages

The investment process

chapter 5|31 pages

Portfolio theory and risk

chapter 6|22 pages

Development

chapter 7|21 pages

Asset management

chapter 8|30 pages

Capital structure

Equity and debt 1

part 3|69 pages

Investment vehicles

chapter 9|37 pages

Real estate funds

part 4|63 pages

Building portfolios

chapter 11|39 pages

International real estate investment

part 5|40 pages

Measuring performance

chapter 13|38 pages

Performance measurement and attribution

part 6|20 pages

The future

chapter 14|18 pages

The future of real estate investment