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 investmentsnow 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.
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)