Download or read book Determinants of Real Estate Liquidity written by 黃靜欣 and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Real Estate Markets and Investments written by Harold Kent Baker and published by . This book was released on 2014 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate is typically classified as an alternative to more traditional investments such as stocks and bonds. Real estate investing involves the purchase, ownership, management, rental, or sale of real estate for profit. Real estate investments can be both income producing and non-income producing. Although real estate can produce income like a bond and appreciate like a stock, this tangible asset has several unique characteristics as well as advantages and disadvantages relative to other investment alternatives. Benefits of including real estate in a portfolio include diversification, yield enhancement, risk reduction, tax management, and inflation hedging. Unlike traditional investments, investors in real estate have the ability to influence performance. Real estate has drawbacks in that it requires management, is costly and difficult to buy, sell, and operate, and sometimes has lower liquidity. Additionally, measuring the relative performance of real estate can be challenging. The purpose of this 14-chapter book is to provide an overview and synthesis of public real estate markets and investments in a global context. The book discusses the major types and the latest trends within public real estate markets and presents the results of research studies in a straightforward manner. It has three sections: (1) foundations of public real estate, (2) public debt markets and investments, and (3) public equity markets and investments. The book should be interest to various groups including academics, practitioners, investors, and students. Readers should gain a greater appreciation of what is needed for success when investing in public real estate markets. For more information about private real estate, read Private Real Estate Markets and Investments.

Download or read book Determinants of Return in Real Estate Investment and the Role of Real Estate Management written by George W. Gau and published by . This book was released on 1983 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book New Frontiers in Real Estate Finance written by Patrick Lecomte and published by Routledge. This book was released on 2021-06-04 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces three innovative concepts and associated financial instruments with the potential to revolutionise real estate finance. The factorisation of commercial real estate with factor-based real estate derivatives is the first concept analysed in this book. Methodological issues pertaining to factors in real estate risk analysis are covered in detail with in-depth academic reference. The book then analyses the digitalisation of commercial real estate. The environment in which buildings operate is changing fast. Cities which used to be made up of inanimate architectural structures are growing digital skins and becoming smarter. Smart technologies applied to the built environment are fundamentally changing buildings’ role in cities and their interactions with their occupants. The book introduces the concept of smart space and analyses the emergence of ‘digital rights’ or property rights for smart buildings in smart environments. It proposes concepts and methods for identifying, pricing, and trading these new property rights which will dominate commercial real estate in the future. Finally, the tokenisation of commercial real estate is explored. Sometimes described as an alternative to securitisation, tokenisation is a new tool in financial engineering applied to real assets. The book suggests two innovative applications of tokenisation: private commercial real estate index tokenisation and data tokens for smart buildings. With factorisation, digitalisation, and tokenisation, commercial real estate is at the forefront of innovations. Real estate’s unique characteristics, stemming from its physicality, trigger new ways of thinking which might have a profound impact on other asset classes by paving the way for micro markets. Factor-based property derivatives, digital rights, and tokens embody how commercial real estate can push the boundaries of modern capitalism and, in doing so, move at the centre of tomorrow’s smart economies. This book is essential reading for all real estate, finance, and smart technology researchers and interested professionals.

Download or read book Investment Decisions on Illiquid Assets written by Jaroslaw Morawski and published by Springer Science & Business Media. This book was released on 2009-02-14 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jaroslaw Morawski offers a practicable and theoretically well-founded solution to the problems encountered when investing in illiquid assets and develops a model of the liquidation process for this category of investments. The result is a coherent investment decision framework designed specifically for private real estate but applicable also to other illiquid assets.

Download or read book The Determinants of the Debt Maturity Decision for Real Estate Investment Trusts written by Michael J. Highfield and published by . This book was released on 2007 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research uses the maturity of incremental bond issues and the weighted-average maturity of all outstanding debt and tests various theories from the corporate debt maturity literature to discover if real estate investment trust (REIT) debt maturity is influenced by liquidity risk, asymmetric information, personal taxes, and agency problems. The findings reveal that there is little to no evidence for the liquidity and asymmetric information hypotheses; however, there is evidence that personal taxes influence the maturity of REIT incremental debt issues, and agency problems play a role in determining the incremental and average debt maturity of REITs.

Download or read book Liquidity and Pricing Biases in the Real Estate Market written by Zhenguo Lin and published by . This book was released on 2004 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Real Estate Risk in Equity Returns written by Gaston Michel and published by Springer Science & Business Media. This book was released on 2009-08-03 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross-sectional variation in equity returns. He shows that an alternative modeI which includes the real estate factor performs as well as or better than the Fama-French model in pricing equity returns.

Download or read book Liquidity Creation and Financial Fragility written by Christian Weistroffer and published by Logos Verlag Berlin GmbH. This book was released on 2010 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Open-end real estate funds (OEREFs) are the predominant vehicle in Germany for channeling private capital flows into commercial real estate markets. They transform longer-term investment projects into daily redeemable claims. To the extent that OEREFs stand ready to both issue new shares and redeem outstanding ones on a daily basis they provide valuable liquidity transformation. At the same time, they become susceptible to run phenomena. This dissertation analyzes the inherent fragility of open-end real estate funds in light of the German open-end fund crisis of 2005/06. The dissertation comprises three papers. The first paper explores how fund performance and other factors influenced capital flows into OEREFs before, during and after the German open-end fund crisis of 2005/06. The second paper looks at the valuation practice of OEREFs and assesses whether funds have suffered from a valuation problem. It finds evidence in support of the view that systematic deviations of appraised values from prices achieved in the market were at the heart of the 2005/06 German open-end fund crisis. The third paper relates findings from banking theory to OEREFs. It explores under which conditions the open-end fund contract resembles a demand deposit contract that is prone not only to panics but also to fundamental runs. The dissertation concludes by discussing policy options to mitigate the run problem.

Download or read book Factors Determinants and Relationship Between Liquidity Risk and Company s Performance in Real Estate Industry in Singapore written by Farah Wahidah Ahmad and published by . This book was released on 2019 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to investigate and analyze the factors determinants and the relationship between risk factors determinants with the company performance in real estate industry in Singapore. This study employs time series regression analysis of the company in real estate sector as the company for this is Capital and Limited BHD that base in Singapore, data taken from the company's financial statement and annual report for 5 years from the year 2013 - 2017. Quick ratio (liquidity risk) has been used as the dependent variable to study its relationship with the independent variables of the firm specific risk such as, company's performance, credit ratio and operational ratio, index score and macroeconomic factor such as inflation rate, GDP, unemployment rates and so on. The enter method was used to obtain the correlation and regression result to observe the significance level of the risk with the profits.

Download or read book Commercial Real Estate written by David Geltner and published by South Western Educational Publishing. This book was released on 2014 with total page 826 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rev. ed. of: Commercial real estate analysis and investments / David M. Geltner ... [et al.]. Mason, Ohio: Thompson South-Western, c2007.

Download or read book Commonality in Liquidity and Real Estate Securities written by Kustrim Reka and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We conduct an empirical investigation of the exposure of U.S. REIT returns to commonality in liquidity. Taking advantage of the specific characteristics of REITs, we study three types of commonality in liquidity: within-asset commonality, cross-asset commonality (with the stock market), and commonality with the underlying property market. We find evidence that the three types of commonality in liquidity represent significant risk factors for REIT returns but only during bad market conditions. We also find that using a linear approach, rather than a conditional, would have underestimated the role of commonality in liquidity risk. This could explain (at least partly) the small impact of commonality on asset prices documented in the extant literature. We also analyze the economic sources of commonality in liquidity and find that demand-side factors prevail over supply-side factors.

Download or read book Real Estate Investing For Beginners written by Michael Ezeanaka and published by Business & Money. This book was released on 2019-08-06 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: 10 Different Ways You Can Make Money With Real Estate Analyzed Step-by-Step! Have you always wanted to get started with Real Estate? Imagine having concise and insightful information about 10 different ways you can make money with Real Estate? Amazon bestselling author, Michael Ezeanaka, provides a step-by-step analysis of 10 Real Estate business models that have the potential to earn you passive income. A quick overview of each business is presented and their liquidity, scalability, potential return on investment, passivity and simplicity are explored. In This Book, you'll discover: How to make money with Real Estate Investment Trusts - including an analysis of the impact of the economy on the income from REITs (Chapter 1) A step-by-step description of how a Real Estate Investment Groups works and how to make money with this business model (Chapter 2) How to become a limited partner and why stakeholders can influence the running of a Real Estate Limited Partnership even though they have no direct ownership control in it (Chapter 3) How to protect yourself as a general partner (Chapter 3) Why tax lien certificates are one of the most secure investments you can make and how to diversify your portfolio of tax lien certificates (Chapter 4) Strategies you can employ to earn passive income from an empty land (Chapter 5) Two critical factors that are currently boosting the industrial real estate market and how you can take advantage of them (Chapter 6) Some of the most ideal locations to set up industrial real estate properties in the US, Asia and Europe (Chapter 6) Why going for long term leases (instead of short term ones) can significantly increase you return on investment from your industrial real estate properties (Chapter 6) Why commercial properties can serve as an excellent hedge against inflation - including two ways you can make money with commercial properties (Chapter 7) How long term leases and potential 'turnover rents' can earn you significant sums of money from Retail real estate properties and why they are very sensitive to the state of the economy (Chapter 8) More than 10 zoning rights you need to be aware of when considering investing in Mixed-Use properties (Chapter 9) 100 Tips for success that will help you minimize risks and maximize returns on your real estate investments ...and much, much more! PLUS, BONUS MATERIALS you can download the author's Real Estate Business Scorecard which neatly summarizes, in alphabetical order, each business model's score across those 5 criteria i.e. liquidity, scalability, potential return on investment, passivity and simplicity! If you're ready to take charge of your financial future, grab your copy of This Book today! Scroll to the top of the page and click the "BUY NOW" button!

Download or read book Proceedings of the 4th International Conference on Research in Management and Technovation written by Thi Hong Nga Nguyen and published by Springer Nature. This book was released on with total page 655 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Applications of Quantile Regression written by Bernd Fitzenberger and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantile regression has emerged as an essential statistical tool of contemporary empirical economics and biostatistics. Complementing classical least squares regression methods which are designed to estimate conditional mean models, quantile regression provides an ensemble of techniques for estimating families of conditional quantile models, thus offering a more complete view of the stochastic relationship among variables. This volume collects 12 outstanding empirical contributions in economics and offers an indispensable introduction to interpretation, implementation, and inference aspects of quantile regression.

Download or read book Real Estate Investment written by G Jason Goddard and published by Springer Science & Business Media. This book was released on 2012-07-11 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fills a gap in the existing resources available to students and professionals requiring an academically rigorous, but practically orientated source of knowledge about real estate finance. Written by a bank vice-president who for many years has practiced as a commercial lender and who teaches real estate investment at university level, and an academic whose area of study is finance and particularly valuation, this book will lead readers to truly understand the fundamentals of making a sound real estate investment decision. The focus is primarily on the valuation of leased properties such as apartment buildings, office buildings, retail centers, and warehouse space, rather than on owner occupied residential property.

Download or read book Technical Bulletin written by David A. Lins and published by . This book was released on 1973 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: