Global trends in real estate finance /

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Bibliographic Details
Imprint:Chichester, U.K. ; Ames, Iowa : Wiley-Blackwell Pub., 2010.
Description:xxi, 290 p. : ill. ; 25 cm.
Series:Real estate issues
Subject:Real property.
Real property -- Prices.
Real property.
Real property -- Prices.
Format: Print Book
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Hidden Bibliographic Details
Other authors / contributors:Newell, Graeme.
Sieracki, Karen.
ISBN:9781405151283 (hardback : alk. paper)
1405151285 (hardback : alk. paper)
Notes:Includes bibliographical references and index.
Table of Contents:
  • Contributors
  • 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
  • Preface
  • 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
  • Part I. Products
  • 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
  • 1. Global Real Estate Investable Universe Continues to Expand and Develop
  • 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
  • Introduction
  • 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
  • Global core real estate universe: $8 trillion and growing
  • 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
  • Why have REITs succeeded?
  • 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
  • REIT proliferation: thriving in 18 countries and counting
  • 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
  • Early growth cycle: only the tip of the iceberg
  • 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