Global Real Estate Capital Markets: Theory and Practice

This book provides a comprehensive understanding of global real estate capital markets, combining theory and practical examples to explain how they work, what determines market pricing, and how the public and private, debt and equity markets are linked. It is designed for advanced real estate students, global finance courses, Executive Education short courses, and new entrants to the sector, and offers online materials for further exploration.

Format: Paperback / softback
Length: 178 pages
Publication date: 16 July 2024
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate workings of global real estate capital markets, providing readers with a deep understanding of their growth, evolution, functioning, and market pricing dynamics. Drawing upon their extensive professional expertise, the authors seamlessly blend a structured and rigorous theoretical foundation with practical examples, applications, case studies, quizzes, and online resources. By offering a holistic approach, the book empowers readers to grasp key concepts such as:

• The reasons behind the significant variations in share prices of real estate companies, often differing from their underlying asset values.
• The diverse investment objectives of different categories of investors, shaping share prices and influencing corporate funding decisions.
• The analytical methodologies employed by sell-side analysts in making recommendations to investors.
• The decision-making processes of buy-side analysts in allocating capital to specific sectors, funds, and stocks.
• The relevance of ESG considerations in shaping capital market pricing.

The book is meticulously crafted to cater to a wide audience, including advanced real estate students, global finance courses, Executive Education short courses, and newcomers to the sector. Its comprehensive nature makes it an invaluable resource for property professionals seeking to comprehend the relationship between their underlying business and the stock market valuation. Moreover, real estate private equity teams will find it particularly useful in understanding the valuation disconnect between public and private markets and identifying arbitrage opportunities. Equity/multi-asset/property analysts and fund managers will also benefit from gaining a deeper understanding of the unique characteristics of real estate compared to other ten equity sectors, as well as when to increase their allocation.

In summary, this book is a must-read for anyone seeking to gain a comprehensive grasp of global real estate capital markets, enabling them to make informed decisions and navigate the complex terrain of this dynamic industry.

Weight: 354g
Dimension: 175 x 246 x 14 (mm)
ISBN-13: 9781032288000