Real Estate Finance & Investments
McGraw-Hill Companies,Incorporated, 2008 - Business & Economics - 688 pages
Rigorous yet practical, Real Estate Finance and Investments has been the leading real estate finance and investments text for over 25 years, consistently setting the standard for currency and coverage in real estate finance and investments textbooks. The 13th edition continues to provide students with the tools they need to understand and analyze real estate markets and the investment alternatives available to both debt and equity investors. New content and problems addressing current trends in real estate finance and investments have been seamlessly incorporated into the text, without disrupting the material and organization instructors have relied on in past editions.
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Assurance of Title
Limitations on Property Rights
74 other sections not shown
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12 percent additional adjustment After-tax cash flow analysis annual appraiser assets assume Before-tax cash flow borrower BTCF building buyer Calculator Solution cap rates capital capitalization rate chapter consider corporate cost debt default risk depreciation discount earn effective equity estimate example expected expenses fees financing foreclosure funds future value Hence income increase inflation interest rate risk investors land lease lender liens loan amount loan balance loan-to-value ratio maturity ment monthly payments mortgage loan mortgage payments mortgagor negative amortization operating option owner percent interest period pool portfolio premium prepayment prepayment penalty present value property value purchase rate of interest rate of return ratio real estate real estate investment REIT rent repaid risk premium securities sell seller shown in Exhibit sold space square foot tenants term tranche usually yield