Global Real Estate Capital Markets: Theory and Practice by Alex Moss Paperback B

Description: Global Real Estate Capital Markets by Alex Moss, Kieran Farrelly This book unravels the complex mechanisms involved in global real estate capital markets. Designed not just for advanced real estate students, but also for global finance courses, Executive Education short courses and as a primer for new entrants to the sector. FORMAT Paperback CONDITION Brand New Publisher Description This book unravels the complex mechanisms involved in global real estate capital markets, enabling the reader to understand how they have grown and evolved, how they function, what determines market pricing, and how the public and private debt and equity markets are linked to each other.Using their extensive professional experience, the authors combine a structured, rigorous understanding of the theory and academic evidence behind the main concepts with practical examples, applications, case studies, quizzes and online resources. The book will enable readers to understand for example: · Why share prices of real estate companies can differ dramatically from the underlying value of the assets· The differing investment objectives of different categories of investor and how this influences share prices and corporate funding decisions· How sell-side analysts make their recommendations· How buy-side analysts decide which sectors, funds and stocks to allocate capital to· And how ESG considerations are relevant to capital market pricing.The book is designed not just for advanced real estate students, but also for global finance courses, Executive Education short courses and as a primer for new entrants to the sector. It is key reading for the following groups: · Property professionals working for a listed company wanting to understand the relationship between their underlying business and the stock market valuation · Real Estate Private Equity teams looking to understand the valuation disconnect between public and private markets and arbitrage the Parallel Asset Pricing model · Equity/Multi asset/Property analysts/fund managers who need to understand the specific characteristics of real estate vs the other ten equity sectors and understand when to increase and decrease sector weightings.Online materials for this book can be found on the Routledge Resource website at Author Biography Alex Moss is Director of the Real Estate Research Centre at Bayes Business School (formerly Cass), and Course Director for the MSc Global Finance online course and the MSc Real Estate course. He has been involved in research and transactions in the global real estate sector for over 30 years. His career has encompassed award-winning sell-side research (BZW), investment banking (CSFB), private equity (Apax Partners Capital) and fund management (M&G and Investec). He formed AME Capital in 2002, which developed a proprietary database and analytical tool for all listed real estate companies and real estate securities funds globally. This business was sold to Macquarie Securities in 2008, where he stayed for over three years as Head of Global Property Securities Analytics. In 2012 he formed Consilia Capital, a real estate investment advisory firm, and has developed an international institutional client base. In addition, at that stage he started publishing regularly in academic journals. As well as lecturing at Bayes he is also a visiting lecturer at UCL and Cambridge University. Alex is Chairman of the EPRA Research Committee.Kieran Farrelly was formerly a Partner and Head of Market Research for the real estate team at the Stepstone Group. Prior to Stepstone, he was a Principal at the Townsend Group and a Director at CBRE Global Investors. His roles have encompassed portfolio management, investment underwriting across a range of conduits and global investment strategy. Previously, Kieran was a research analyst with M&G Real Estate. He holds a Ph.D. in real estate and planning from the Henley Business School at the University of Reading and a masters in economics from the University of Warwick. He has guest lectured on a variety of real estate investment finance topics at UCL, the universities of Cambridge, Oxford and Reading, and London Business School. He has also authored several published academic real estate papers and is an Honorary Visiting Fellow at Bayes Business School. Table of Contents AcknowledgementsThe AuthorsA User GuideGlobal Real Estate Markets1: Global Real Estate Markets in Context2: Understanding Different Shareholders Objectives3: Direct Real Estate Capital Markets4: Analysing a Direct Real Estate Investment5: Valuing Direct Real Estate Investment6: Private Real Estate Fund Structures7: Valuing Private Real Estate Vehicles8: Private Commercial Real Estate Debt Structures9: Listed Market Structure10: Analysing a Listed Real Estate Company11: Analysing Public Real Estate Debt12: Valuing a Real Estate Company13: Setting a Target Price14: Operational Mechanics of a Listed Real Estate Company15: Public Market Applications Review "This is an exciting new book in the increasingly important real estate capital markets area. The authors have extensive real estate industry experience that adds a real strength to this book; giving it a strong insightful and strategic edge. The international dimension to this book further increases its real estate relevance in a multi-trillion dollar industry sector." Professor Graeme Newell, Professor of Property Investment, Western Sydney University Details ISBN1032288000 Author Kieran Farrelly Publisher Taylor & Francis Ltd Year 2024 ISBN-13 9781032288000 Format Paperback Imprint Routledge Subtitle Theory and Practice Place of Publication London Country of Publication United Kingdom Alternative 9781032288017 Illustrations 44 Line drawings, black and white; 38 Halftones, color; 38 Illustrations, color; 44 Illustrations, black and white Audience Tertiary & Higher Education Publication Date 2024-07-16 UK Release Date 2024-07-16 DEWEY 332.6324 ISBN-10 1032288000 Pages 178 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:160685941;

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