Essential Text Resources
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0030 Uncertainty Versus Risk Chapter 3
What is uncertainty versus risk video discussion.
00301 Ch 3 Intro to Risk and Return and the SML
0031 Ch 3 The IRR calculation
0032 Ch 3 Video on the IRR and Time Weighted Returns Part 1
0040 Ch 4 Introducing Discounted Cash Flow
0041 Ch 4 DCF Analysis
0042 Ch 4 DCF Cap Rates and Residual Value Analysis
0043 Ch 4 IRR and Parsing the IRR
0044 Ch 4 Parsing the IRR
0045 Ch 4 Parsing the IRR Supplemental Text
005 Proforma Spreadsheet as discussed in Ch 5, 12 and 13
0051 Cash flow Before Tax used in DCF slide deck
0052 Cash Flow After Tax and DCF Slide deck
0054 Value Concepts Intro slide deck
0054 What is good appraisal and intro to methods slide deck
006 Ch 6 Explaining the Space Market
008 Ch 8 Specialty Property Types, Lodging, Self-Storage, Biotech, Data Centers, Surface Parking
009 Simulation of the range of returns possible with a given standard deviation
010 Ch 10 Valuing a Lease Renewal Option Supplemental Text
011 Ch 11 Estimating the OCC Discount Rate with Geltner
0112 Estimating the OCC discount rate (Ch 11) video 2
012 Ch 12 Mortgage Payments and Leverage Part 6
0121 Ch 12 Intro to Leverage
0122 Ch 12 Leverage Effects on Risk
0123 Ch 12 Leverage Effects on Equity Returns
0124 Ch 12 Mortgage Payments Video 1
0125 Ch 12 Mortgage Payments Video 2
0126 Ch 12 Mortgage Payments Video 3
013 Ch 13 Ground Leases in the After Tax Cash Flow Proforma
014 Ch 14 Danger and Opportunity in Market Inefficiency
0141 Ch 14 Proforma with debt spreadhseet
Simple spreadsheet with debt
015 Ch 15 Proforma With Capital Structure
016 Ch 16 Explication in Excel: European Options Black-Scholes European Option Value with Fisher-Margrabe extension
Option Value Analysis
0161 Ch 16 Supplement on Risk, Return, SML and OCC
0162 Ch 16 Appendix Real Options Methodology
017 Ch 17 Real Estate Development Decision Process
020 Ch 20 Recent Drops in Liquidity Whitepaper
0201 Ch 20 Intro to Mortgage Payments and Balance Calculations
0202 Ch 20 Intro to the Interest Only Mortgage
0203 Ch 20 Constant Payment Mortgages aka Level Annuity Payments
0220 Ch 22 on the Portfolio Optimizer
02201 Ch 22 Portfolio Optimizer Example Spreadsheet
0221 Ch 22 Appendix Review of Portfolio Statistics
024 Ch 24 Recent Drops in Market Liquidity May Foreshadow Major Drops in US Commercial Real Estate Markets
0241 Ch 24 Textbox on liquidity calc
025 Ch 25 Macro Property Performance Attribution Analysis
0252 Landscape of Institutional Real Estate Management from 3rd Edition
Ch 25
0253 Nuts and Bolts of Performance Benchmarking in the Private Sector
From 3rd Edition for use with Ch 25
0254 Ch 25 Performance Attribution Analysis Continued
2501 Ch 25 Appendix from 3rd Ed on the Institutional Management Landscape
Ch 01 Short Version Intro
Ch 01 slides Commercial-Real-Estate-Investment
Ch 02 Present-Value-Mathematics-for-Real-Estate
Ch 03 Measuring-Investment-Performance-The-Concept-of-Returns
Ch 04 Micro-Level-Valuation-of-Real-Estate-DCF-and-NPV
Ch 05 Property-Income-Analysis-Nuts-and-Bolts
Ch 06 Determinants-of-Rent-Market-Level
Ch 07 Determinants-of-Rent-II-Property-Level
Ch 08 Forecasting-the-Space-Market-Real-Estate-Market-Analysis
Ch 09 Forecasting-the-Space-Market-Estimating-Cash-Flow-Growth
Ch 10 Leases-and-Leasing-Strategy
Ch 11 Estimating the OCC discount rate
This is an intro to Ch 11 on the opportunity cost of capital
Ch 11 Micro-Level-Real-Estate-Investment-and-Finance
Ch 12 Leverage Part 2
Ch 12 Leverage Part 3
Ch 12 Leverage Part 4 with Excel
Ch 12 Part 1 on Leverage
Ch 12 The-Effect-of-Leverage-in-Real-Estate-Investment
Ch 13 After-Tax-Real-Estate-Investment-Analysis
Ch 14 Investment-Value-in-Property-Investment-and-Debt-Financing
Ch 15 Advanced-Topics-in-Capital-Structure
Ch 16 Real-Options-and-Land-Value
Ch 17 Investment Analysis of Development Projects
Ch 17 Investment-Analysis-of-Real-Estate-Development-Projects
Ch 18 Development Continued Part 1
Ch 18 Development Continued Part 2
Ch 18 Investment-Analysis-of-Real-Estate-Development-Projects Part 2
Ch 19 Mortgages-from-an-Investment-Perspective
Ch 20 Mortgage Payments Yields and Values
Ch 20 Mortgage-Basics-II-Payments-Yields-and-Values
Ch 21 Appendix Understanding-Participating-Mortgages
Ch 21 Commercial-Mortgage-Analysis-and-Underwriting
Ch 22 Macro level real estate investment analysis
Ch 22 Macro-Level-Real-Estate-Investment-Analysis
Ch 23 Equilibrium Asset Pricing and the CAPM
Ch 23 Equilibrium Asset Valuation and Real Estate's Price of Risk in the Capital Market
Ch 24 Data Challenges in Measuring Real Estate Periodic Returns
Ch 24 Excel Data for Textbox in Chapter
Ch 25 Real Estate Investment Management and Derivatives
Ch 25 on Investment Performance Evaluation
Ch 26 Real Estate Investment Trusts
Ch 27 International Real Estate Investing
Ch 28 Real Estate, Sustainability and Climate Risk
Ch 29 Technology-and-Real-Estate-A-Synthesis
Ch 3 Relationship Between Risk and Return Part 1
Ch 3 Relationship Between Risk and Return Part 2
Ch 4 Micro Level Valuation Appendix on Parsing the IRR
Ch 4 Micro Level Valuation Part 1
Ch 4 Micro Level Valuation Part 2
Ch 4 Micro Level Valuation Part 3
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Extra Materials on Housing, Proptech, Sustainability and the Future of Real Estate
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This book introduces the essential building blocks of the field: market assumptions, valuation, financial analysis, and development. Drawing from extensive academic and industry experience, the authors approach the investment analysis process using a combination of theory and practical tools in a discussion tailored to advanced students.
