Foundations of Real Estate Financial Modelling

Foundations of Real Estate Financial Modelling

This book is the ideal textbook for a Real Estate Finance class, providing the theoretical basis of real estate finance as well as valuable modelling skills for the workplace.

Author: Roger Staiger

Publisher: Routledge

ISBN: 9781351695114

Category: Business & Economics

Page: 542

View: 220

Foundations of Real Estate Financial Modelling, Second Edition is specifically designed to provide the scalable basis of pro forma modelling for real estate projects. The book introduces students and professionals to the basics of real estate finance theory prior to providing a step-by-step guide for financial real estate model construction using Excel. The book introduces an innovative new financial metric, P(Gain), which quantifies the probability of a Return of Capital and answers the most basic question for investing, "What is the probability I get my money back?". This new second edition has been fully revised and expanded. The book is separated into three functional units: (1) Real Estate Valuation Basics, Theory and Skills, (2) Real Estate Pro Forma Modelling, (3) Real Estate Pro Forma (Enhancements). New and enhanced Chapters cover: Interest rates Amortization Single- and multi-family unit Development module Rent roll module Waterfall (equity bifurcation) Hotel, retail/office and townhouse. In addition, this new edition includes problem sets and solutions at the end of each chapter as well as case studies underpinning the chapter topics. Further chapters are dedicated to risk quantification and include scenario, stochastic and Monte Carlo simulations, equity waterfalls, and adding U.S. GAAP financial statements to existing real estate pro forma models. This book is the ideal textbook for a Real Estate Finance class, providing the theoretical basis of real estate finance as well as valuable modelling skills for the workplace. This book provides individuals with a step-by-step instruction on how to construct a real estate financial model starting with a new spreadsheet. The resultant model is portable, scalable, and modular. A companion website provides the pro forma models to readers as a reference for their own constructed models. Companio web material available at: https://pgainllc.com/
Categories: Business & Economics

Foundations of Real Estate Financial Modelling

Foundations of Real Estate Financial Modelling

Foundations of Real Estate Financial Modelling provides the reader with a clear path towards appropriate methods and processes used to properly model various types of real estate investments. In addition, the book provides the “why” ...

Author: Roger Staiger

Publisher: Routledge

ISBN: 9781317687108

Category: Business & Economics

Page: 296

View: 651

Foundations of Real Estate Financial Modelling is specifically designed to provide an overview of pro forma modelling for real estate projects. The book introduces students and professionals to the basics of real estate finance theory before providing a step-by-step guide for financial model construction using Excel. The idea that real estate is an asset with unique characteristics which can be transformed, both physically and financially, forms the basis of discussion. Individual chapters are separated by functional unit and build upon themselves to include information on: Amortization Single-Family Unit Multi-Family Unit Development/Construction Addition(s) Waterfall (Equity Bifurcation) Accounting Statements Additional Asset Classes Further chapters are dedicated to risk quantification and include scenario, stochastic and Monte Carlo simulations, waterfalls and securitized products. This book is the ideal companion to core real estate finance textbooks and will boost students Excel modelling skills before they enter the workplace. The book provides individuals with a step-by-step instruction on how to construct a real estate financial model that is both scalable and modular. A companion website provides the pro forma models to give readers a basic financial model for each asset class as well as methods to quantify performance and understand how and why each model is constructed and the best practices for repositioning these assets.
Categories: Business & Economics

Foundations of Real Estate Financial Modelling

Foundations of Real Estate Financial Modelling

The book introduces students and professionals to the basics of real estate finance theory before providing a step-by-step guide for financial model construction using Excel.

Author: Roger P. Staiger (III)

Publisher:

ISBN: 1317687086

Category: Electronic books

Page:

View: 347

Foundations of Real Estate Financial Modelling is specifically designed to provide an overview of pro forma modelling for real estate projects. The book introduces students and professionals to the basics of real estate finance theory before providing a step-by-step guide for financial model construction using Excel. The idea that real estate is an asset with unique characteristics which can be transformed, both physically and financially, forms the basis of discussion. Individual chapters are separated by functional unit and build upon themselves to include information on:AmortizationSingle-F.
Categories: Electronic books

Foundations of Real Estate Financial Modelling

Foundations of Real Estate Financial Modelling

" This new second edition has been fully revised and expanded. The book is separated into three functional units: (1) Real Estate Valuation Basics, Theory and Skills,

Author: Salvatore Smith

Publisher: Createspace Independent Publishing Platform

ISBN: 1718656300

Category:

Page: 298

View: 780

The book introduces students and professionals to the basics of real estate finance theory prior to providing a step-by-step guide for financial real estate model construction using Excel. The book introduces an innovative new financial metric, P(Gain), which quantifies the probability of a Return of Capital and answers the most basic question for investing, "What is the probability I get my money back?." This new second edition has been fully revised and expanded. The book is separated into three functional units: (1) Real Estate Valuation Basics, Theory and Skills,
Categories:

Real Estate Derivatives

Real Estate Derivatives

Working Paper/Disscussion Paper 46/1648, Cowles Foundation, Yale. ... Subprime Solution: How Today's Global Financial Crisis Happened and What to Do about It. Princeton: Princeton ... Foundations of Real Estate Financial Modelling.

Author: Radu S. Tunaru

Publisher: Oxford University Press

ISBN: 9780198742920

Category: Business & Economics

Page: 224

View: 683

This is one of the very few titles on a very important topic, finding risk management solutions for real-estate markets. The book combines facts and intuition with robust financial techniques. The book is written for the upper undergraduate and postgraduate level and it assumes basic knowledge in statistics and financial modelling. Throughout the book there is a clear link to real-data and applications. It covers commercial real-estate, housing real-estate,mortgages, securitization issues, and equity release mortgages. While there is a clear focus on the US and the UK, other markets such as Germany, France, Hong Kong, Korea, Singapore, and Australia are alsomentioned.
Categories: Business & Economics

Introduction to Real Estate Development and Finance

Introduction to Real Estate Development and Finance

It is difficult to offset the cost of financing a property that was considered reasonable in an inflated market, only now to be overpriced. Looking for strategies that can protect the ... Foundations of Real Estate Financial Modeling.

Author: Richard M. Levy

Publisher: Routledge

ISBN: 9780429891137

Category: Architecture

Page: 268

View: 312

This book provides readers with a basic understanding of the principles that underlie real estate development. A brief historical overview and an introduction to basic principles are followed by examples from practice. Case studies focus on how cities change and respond to the economic, technological, social, and political forces that shape urban development in North America. It is important to have a framework for understanding the risks and rewards in real estate investing. In measuring return, consideration must be given to both investment appreciation and the cash flow generated over the life of a project. In addition, metrics are presented that can be useful in assessing the financial feasibility of a real estate development proposal. This book also provides an overview of the forces of supply and demand that gauge the potential market for a new project. In determining the size of “residual demand”, estimates for population growth, family formation, and new development are important. All development projects fall under the auspices of one or several jurisdictions. Though every jurisdiction has different rules and procedures, basic knowledge of the planning process is critical to the success of all development projects regardless of location. Furthermore, all projects have a legal component. Basic issues of land ownership, property rights, property transfer, and land registration are reviewed, all of which need to be considered when a property is sold or purchased. This book also provides a primary on the design and construction process. In constructing a building, a team of experts is first required to design the architectural, structural, and heating, ventilation, and air conditioning (HVAC) systems for a building. An overview is provided of each building system: wood, concrete, and steel. Critical to a successful real estate development, project management principles for the processes of design, bidding, and construction are explored, with close attention given to budgeting, scheduling, and resource management. Essential reading for anyone involved in the development of our built environment, this is a must-read introduction for students and professionals in architecture, urban planning, engineering or real estate seeking an approachable and broad view of real estate development and finance.
Categories: Architecture

Being an Effective Construction Client

Being an Effective Construction Client

Gatti, Stefano, Project Finance in Theory and Practice, Academic Press (2012) Harris, Frank, Modern Construction ... RIBA Publishing (2013) Staiger, Roger, Foundations of Real Estate Financial Modeling, Routledge (2015) Wevill, John, ...

Author: Peter Ullathorne

Publisher: Routledge

ISBN: 9781000702385

Category: Architecture

Page: 192

View: 195

Being a client on a construction project can be incredibly complex and demanding but ultimately rewarding once your ambitions are fulfilled. This comprehensive ‘one stop shop’ will help you to achieve that magic combination of quality and efficiency, guiding you through the entire project lifecycle, from briefing to taking delivery and beyond. It will help you to better understand the project process, the client’s role within it and, critically, how to be successful and effective by advising you on; the key milestones in the project process and your legal responsibilities at each stage achieving cost-effectiveness, efficiency and meeting project timelines key client issues such as funding and investment straightforward best practice advice and how to avoid common problems insightful tips from clients reflecting on their experiences handy tools including a project route map, project decision checklist and diary of a development
Categories: Architecture

New Frontiers in Real Estate Finance

New Frontiers in Real Estate Finance

2.1.4 Teachings from urban land economics: a blueprint for a risk model of commercial real estate In many respects, ... Teaching #3: Real estate value derives from the physical foundations of real estate (dominated by land), ...

Author: Patrick Lecomte

Publisher: Routledge

ISBN: 9781000394979

Category: Business & Economics

Page: 218

View: 733

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.
Categories: Business & Economics

Fundamentals of Real Estate Investment

Fundamentals of Real Estate Investment

This edition of Fundamentals of Real Estate Investment provides the latest tax treatment of real estate investments . ... The real estate investment process using the equity valuation model forms the foundation of the book .

Author: Austin J. Jaffe

Publisher:

ISBN: UOM:39076001748859

Category: Immeubles - Investissements

Page: 518

View: 547

This text provides an introduction to the real estate investment process, including the basics of the investment decision, the environment in which the investment decision is made, the development of cash flow statements, and the applications of various investment criteria. The Third Edition represents a revision aimed at updating material and improving methodologies for learning.
Categories: Immeubles - Investissements

FINANCIAL MANAGEMENT

FINANCIAL MANAGEMENT

Today, financial modelling is an important aspect of almost every real estate transaction. This is due to the fact that today's real estate ... Assumptions are the foundation of all financial models. The assumptions used in real estate ...

Author: PRABHU TL

Publisher: NestFame Creations Pvt Ltd.

ISBN:

Category: Business & Economics

Page: 88

View: 426

Financial management in business is the practise of handling a company's finances in a way that allows it to be successful while remaining compliant with regulations. That necessitates both a high-level strategy and hands-on execution. What exactly is financial management? Financial management is fundamentally the practise of developing a business plan and then ensuring that all departments stay on track. Solid financial management enables the CFO or VP of finance to provide data that supports the development of a long-term vision, informs investment decisions, and yields insights on how to fund those investments, liquidity, profitability, cash runway, and more. ERP software can assist finance teams in achieving the following objectives: Accounting, fixed-asset management, revenue recognition, and payment processing are all part of a financial management system. A financial management system ensures real-time visibility into a company's financial state while facilitating day-to-day operations, such as period-end close processes, by integrating these key components. Financial Management: Strategic vs. Tactical Financial management procedures govern how you process daily transactions, perform the monthly financial close, compare actual spending to budgeted spending, and ensure you meet auditor and tax requirements. On a more strategic level, financial management feeds into critical FP&A (financial planning and analysis) and visioning activities, in which finance leaders use data to assist line-of-business colleagues in planning future investments, identifying opportunities, and building resilient businesses. Let's look at it from both sides. The Value of Financial Management Solid financial management serves as the foundation for the three pillars of good fiscal management: Strategizing, or determining what needs to happen financially in order for the company to meet its short- and long-term objectives. Leaders, for example, require insights into current performance for scenario planning. Making decisions, or assisting business leaders in determining the best way to carry out plans, by providing up-to-date financial reports and data on relevant KPIs. Controlling, or ensuring that each department contributes to the vision while staying within budget and on track with strategy. With good financial management, all employees know where the company is going and can see how things are progressing. Financial Management Objectives Building on these pillars, financial managers assist their organisations in a variety of ways, including but not limited to: Profit maximisation can be achieved by providing insights into, for example, rising raw material costs, which may result in an increase in the cost of goods sold. Monitoring liquidity and cash flow to ensure that the company has enough funds to meet its obligations. Ensure state, federal, and industry-specific regulations are followed. Creating financial scenarios based on the current state of the business and forecasts that assume a wide range of outcomes based on potential market conditions. Dealing with investors and boards of directors effectively. Finally, it comes down to applying effective management principles to the financial structure of the company.
Categories: Business & Economics