Commercial Real Estate Analysis and Investments (with CD-ROM) by David M. Geltner, Norman G. Miller, Jim Clayton

Synopsis

The well-known and respected authorship team of Geltner and Miller bring you a new edition of what has become the undisputed and authoritative resource on commercial real estate investment. Streamlined and completely updated with expanded coverage of corporate and international real estate investment, this upper-level text presents the essential concepts, principles and tools for the analysis of commercial real estate (income producing) from an investment perspective. This new book continues to integrate relevant aspects of urban and financial economics to provide users with a fundamental analytical understanding and application of real estate investments - now using ARGUS software. Contributing author Piet Eichholtz from the University of Maasstricht contributes an entire chapter that explores international real estate investments, both opportunistically and structurally, by outlining elements for developing and implementing real estate investments successfully abroad. Jim Clayton from the University of Cincinnati thoroughly revised and updated the finance coverage and real-life applications throughout. Geltner and Miller enhance their pedagogy by adding in a discussion of the real options application to real estate development and streamlining the discussion of data returns.

Booknews

The two authors are both specialists in real estate and are affiliated with the college of business administration at the U. of Cincinnati. This text, for graduate students with some background in basic finance or urban economics, covers concepts in real estate economics in sections on urban economics and real estate analysis, basic financial economic concepts and tools, valuation and investment analysis, mortgages from an investment perspective, macrolevel real estate investment issues, and several aspects of development. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Biography

Piet Eichholtz is Professor of Real Estate Finance and chair of the Finance Department at Maastricht University in the Netherlands. He teaches courses in Finance and in Real Estate Finance and Investments. His practical experience includes positions at the ABP and NIB Capital, and non-executive board memberships of property investment companies NSI and Oppenheim Immobilien Kapitalanlagengeselschaft. Eichholtz has also earned a solid reputation as an entrepreneur. In 1996 he started Global Property Research, an international consultancy firm specialized in property companies, which was acquired by Kempen & Co in 2001. After leaving Kempen in 2004, he became co-founder of Finance Ideas, a financial consultancy company. He is currently a member of the Advisory Boards of Redevco and the RO Group, of the Investment Committees of Blue Sky Group and Servatius, and of the Housing Scenario Group of Bouwfonds.

Eichholtz has provided extensive services to public society, mainly through board memberships of industry organizations in the property sector, but also as an advisor to various government agencies. In early 2004, he was a special property advisor to the UN Good Offices Mission on Cyprus, and he has consulted with the Dutch ministry of housing on several occasions. He has been on the board of the ROZ-IPD Commercial Property Index foundation, and is currently the chairman of the board of the AEDEX-IPD Dutch Social Housing Index foundation. Eichholtz' academic work has resulted in a great number of publications, both in the Netherlands and internationally. Most of his work regards real estate markets, with a focus on international investment, portfolio management and housingmarkets.