Global trends in real estate finance /
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| Imprint: | Chichester, U.K. ; Ames, Iowa : Wiley-Blackwell Pub., 2010. |
|---|---|
| Description: | xxi, 290 p. : ill. ; 25 cm. |
| Language: | English |
| Series: | Real estate issues |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/7915175 |
Table of Contents:
- Contributors
- Preface
- Part I. Products
- 1. Global Real Estate Investable Universe Continues to Expand and Develop
- Introduction
- Global core real estate universe: $8 trillion and growing
- Why have REITs succeeded?
- REIT proliferation: thriving in 18 countries and counting
- Early growth cycle: only the tip of the iceberg
- Relative risk and return
- 2. The US Real Estate Investment Trust (REIT) Market
- Introduction
- The evolution of US REITs
- US REITs: creation to 1993
- US REITs: the Modern Era
- The investment performance of REITs
- The future of REITs
- 3. Progress on REIT Regimes in Europe
- Introduction
- Developments in France: SIIC 2/3/4 and the OPCI
- OPCI: 'the non-listed SIIC
- The German REIT
- The UK REIT
- EU law and REITs: what are the issues?
- 4. Listed Property Trusts in Australia
- Background to LPTs
- LPT regulatory framework
- LPT profile
- LPT performance analysis
- Recent issues in the strategic development of LPTs
- Changing LPT and property landscape in 2007-2008
- Conclusion
- 5. Asian REITs: Playing the Yield Game
- REIT markets in Asia
- Ways to enhance distribution yield
- Yield-accretive acquisitions
- Conclusion
- 6. European Real Estate Unlisted Vehicles: A Mature Market Now or Is There More to Come?
- Introduction
- Characteristics of European real estate unlisted vehicles
- Performance of European real estate unlisted vehicles
- Management fees
- Discussion and conclusion
- 7. Constructing a Global Real Estate Investment Index
- Introduction
- Top down or bottom up?
- Rolling out national market indices
- The first IPD multi-market index - the pan-European
- ...and finally the world - IPD's first global index
- 8. Property Derivatives: The Story So Ear
- Introduction
- The history and innovation behind the property derivatives market
- The drivers for change
- Pricing and underlying index activity
- Alternative indices and products being traded
- Has the market achieved the results expected of it?
- How have derivatives changed the market place?
- Future expectations, unintended consequences and lessons learned
- Conclusions
- 9. Property Markets in Central and Eastern Europe
- Introduction
- Development of real estate markets
- Property markets, data availability and economic competitiveness
- Bank lending on property in central and eastern Europe
- Conclusions
- 10. Islamic Finance and Shariah-Compliant Real Estate Investment
- Introduction
- Defining SCI
- Shariah funds in the research agenda
- Conclusion
- Part II. Processes
- 11. Socially Responsible Property Investment - Background, Trends and Consequences
- Introduction
- Social responsibility and sustainable development - background
- The principles for responsible investment
- Trends and concepts within the property market
- The benefits of sustainable buildings and of SRIs
- Criteria and assessment tools
- Realisation of SRPIs
- Implications for property professionals
- Conclusion and recommendations
- 12. Corporate Governance in the Real Estate Industry
- Introduction
- Reasons for the rising importance of corporate governance
- Existing corporate governance principles for the real estate industry
- Impact of corporate governance on firm value
- Research agenda for corporate governance in the real estate industry
- Appendices
- 13. The Future of Real Estate Education
- Introduction
- The demand for real estate skills
- Paradigms for real estate education
- A real estate body of knowledge
- The methods of real estate education
- The future of real estate education
- Index
