Routledge Companion to Real Estate Investment

Bryan D. MacGregor is the MacRobert Professor of Land Economy and Executive Dean at the University of Aberdeen Business School, UK. He is editor of the Journal of Property Research. Rainer Schulz is Senior Lecturer in Real Estate at the University of Aberdeen Business School, UK. Richard K. Green is the Director of the University of Southern California’s Lusk Center for Real Estate. He holds the Lusk Chair in Real Estate and is Professor in the USC Sol Price School of Public Policy and the Marshall School of Business.

1. Introduction to real estate investment

PART I: THE INSTITUTIONAL CONTEXT

2: An international overview of real estate markets: similarities and differences

3: Regulation of managers and investment vehicles

4: Banking and real estate

5: Supply of investable buildings

PART II: THE PLAYERS

6: Fund managers

7: Real estate agents and brokerage

PART III: REAL ESTATE APPRAISAL AND PERFORMANCE MEASUREMENT

8: Valuations and their importance for real estate investments

9: Appraisal-based indices

10: Transaction-based indices

PART IV: PORTFOLIO AND RISK MANAGEMENT

11: Pricing models

12: Real options in real estate

13: Behavioural real estate finance

14: Commercial real estate investment in a portfolio of risky assets

15: Risk management

16: Evaluation of fund manager performance

17: Fund management and governance

Index