Real Estate Finance and Investments with CD and Powerweb

Real Estate Finance and Investments with CD and Powerweb pdf epub mobi txt 电子书 下载 2026

出版者:McGraw-Hill Higher Education
作者:William B Brueggeman
出品人:
页数:654
译者:
出版时间:2004-5-1
价格:GBP 101.99
装帧:Hardcover
isbn号码:9780073196138
丛书系列:
图书标签:
  • RealEstate
  • 房地产
  • real
  • estate
  • Real.Estate
  • Real
  • Investment
  • Finance
  • 房地产金融
  • 房地产投资
  • 金融
  • 投资
  • 房地产
  • CD-ROM
  • PowerWeb
  • 高等教育
  • 商业
  • 经济学
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具体描述

探索不动产投资的战略视角与决策框架 本书旨在为对不动产金融与投资领域感兴趣的读者提供一个全面而深入的理解。它不仅仅是一本介绍基本概念的教科书,更是一套引导读者掌握不动产投资决策的战略工具和分析框架。通过对不动产市场运作机制的细致剖析,本书将帮助读者理解影响投资回报的关键因素,并学会如何识别、评估和管理投资风险。 核心内容概述: 本书将系统性地阐述不动产投资的核心原理,涵盖从基础理论到实际操作的各个层面。首先,我们将深入探讨不动产的经济属性,分析其作为一种资产类别的独特性,以及在宏观经济环境下的表现。这包括对土地价值、建筑成本、供需关系以及市场周期等基本经济原理的解读。 接着,本书将聚焦于不动产金融的核心工具和模型。我们将详细讲解各种融资方式,包括传统的抵押贷款、夹层融资、股权投资以及 REITs(不动产投资信托)等,并分析不同融资结构对投资回报和风险的影响。读者将学习如何构建最优的资本结构,以及如何理解和运用金融杠普。 不动产的价值评估是投资决策的关键环节。本书将系统介绍多种主流的价值评估方法,包括收益法(如现金流折现法、盈亏平衡分析)、市场比较法以及成本法。我们将深入解析这些方法的理论基础、适用场景以及具体操作步骤,并指导读者如何根据不同的投资目标和资产类型选择合适的评估工具,并解读评估报告中的关键指标。 风险管理在不动产投资中至关重要。本书将全面剖析不动产投资面临的各类风险,包括市场风险、信用风险、流动性风险、法律风险以及环境风险等。读者将学习如何量化和评估这些风险,并掌握多种有效的风险规避和管理策略,例如通过多元化投资、保险、合同条款设计以及审慎的尽职调查来降低潜在损失。 在理论框架之外,本书还将深入探讨不动产投资的实际应用。我们将分析不同类型的不动产资产,如住宅、商业地产(写字楼、零售店)、工业地产以及专门用途地产,并讨论它们各自的投资特点、市场动态和盈利模式。同时,本书还将探讨不动产开发项目的融资、评估与管理,以及不动产投资组合的构建与优化策略,帮助读者构建一个稳健且具有增长潜力的投资组合。 此外,本书还将涵盖不动产投资中的法律、税收和监管环境。了解相关的法律法规、税收政策以及政府监管措施,对于规避潜在的法律风险和最大化投资回报至关重要。我们将梳理国内外不动产投资的主要法律框架和税收制度,并引导读者理解其对投资决策的影响。 本书的特色与价值: 本书的编写力求理论与实践相结合,既有扎实的理论基础,又不乏生动的案例分析。通过丰富的实例,读者可以更好地理解抽象的金融概念和评估模型在实际投资中的应用。同时,本书强调投资决策的逻辑性和系统性,引导读者建立一套严谨的投资分析流程。 本书的受众广泛,无论您是金融专业学生、希望进入不动产投资领域的初学者,还是有经验的房地产投资者,都能从中获益。本书将帮助您: 建立扎实的不动产金融与投资理论基础。 掌握多种有效的资产评估与分析工具。 识别、评估和管理各类投资风险。 理解不同类型不动产的投资特点与机会。 制定和优化不动产投资策略。 提升在复杂市场环境下的投资决策能力。 通过本书的学习,读者将能够以更加专业和审慎的态度来审视不动产投资机会,做出更明智的投资决策,从而在充满机遇与挑战的不动产市场中实现财富的增值。

作者简介

William B. Brueggeman, Ph.D.

Edwin L. Cox School of Business

Southern Methodist University

William B. Brueggeman has been an academic and consultant to business and public policy makers for over 30 years in the areas of finance and investment. His primary areas of interest include: real estate finance and investment, performance measurement, valuation, real estate-backed securities, mortgage and equity capital markets, portfolio analysis as well as applied business and regional economics. He has published over 70 articles and reports in his areas of expertise since completing the Ph.D. degree at Ohio State University in 1970 and is also an author of Real Estate Finance and Investments, which is now in its 14th edition, spanning 50 years of publication. It is the most widely used college textbook in real estate finance (in use at over 200 colleges and universities). He has served as President of the American Real Estate and Urban Economics Association and was editor of its journal. He presently holds the Clara and Leo F. Corrigan Chair in Real Estate at SMU (since 1978) and his scholarly work is frequently cited in academic journals and in leading news media (New York Times, Washington Post, Wall Street Journal and Barron's). Industry affiliations include six years as Consulting Director of Real Estate Research, Goldman, Sachs & Co., New York where he conducted research on real estate and REITs and provided support for significant property transactions, corporate real estate divestitures, and spin-offs. He is currently Consulting Director of Research with L&B Realty Advisors in Dallas.

Jeffrey D. Fisher, Ph.D.

Kelley School of Business

Indiana University

Jeffrey D. Fisher, Ph.D. is Director of the Center for Real Estate Studies and the Charles H. and Barbara F. Dunn Professor of Real Estate at the Indiana University Kelley School of Business. He is a research consultant with the National Council of Real Estate Investment Fiduciaries (NCREIF) and has served on the board of NCREIF. Dr. Fisher is currently on the board of the Pension Real Estate Association (PREA) and the board of the Real Estate Research Institute. He received PREA/Graaskamp Award for Research Excellence from the Pension Real Estate Association, the George Bloom Award from the American Real Estate and Urban Economics Association for "Outstanding Contributions to the field of Real Estate" and the Alpha Kappa Psi Alumni Award for Teaching Excellence in Finance at the IU School of Business. He is currently a Research Fellow, member of the faculty and serves on the board of directors of the Weimer School of Advanced Studies in Real Estate and Land Economics, Homer Hoyt Advanced Studies Institute. Dr. Fisher was a founding trustee of The Appraisal Foundation that was formed in 1987 by the major appraisal organizations as a self-regulatory organization and source of standards for the appraisal industry. He served as President of the American Real Estate and Urban Economics Association (AREUEA) in 1990. Fisher also served as the 1986-87 Chairman of the Real Estate Center Directors and Chairholders' Association. Professor Fisher has a doctorate in Real Estate from Ohio State University. He is a coauthor of Real Estate, 9th edition, published by John Wiley and Sons, coauthor of Real Estate Finance and Investments, 14th edition, published by McGraw-Hill/Irwin, and coauthor of Income Property Valuation, published by Dearborn Financial Services. His books have been translated into Japanese, Chinese and Korean.

Dr. Fisher has published numerous articles in journals such as The Journal of the American Real Estate and Urban Economics Association, Journal of Real Estate Finance and Economics, The Journal of Urban Economics, The Journal of Real Estate Research, Journal of Portfolio Management, National Tax Journal, Public Finance Quarterly, The Appraisal Journal, Real Estate Review, The Real Estate Appraiser and Analyst, Real Estate Issues and The Journal of Property Tax Management.

目录信息

读后感

评分

I have beening reading the investment portion of this book recently,very helpful for the my coming exam.

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I have beening reading the investment portion of this book recently,very helpful for the my coming exam.

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I have beening reading the investment portion of this book recently,very helpful for the my coming exam.

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I have beening reading the investment portion of this book recently,very helpful for the my coming exam.

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I have beening reading the investment portion of this book recently,very helpful for the my coming exam.

用户评价

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这本书的实用价值体现在其对市场周期波动的应对策略上。它并非只关注于牛市的繁荣景象,而是花费了相当大的篇幅来剖析金融危机和市场深度调整时的退出机制和资产重组策略。书中关于不良资产证券化(NPL Securitization)的章节,尤其让我受益匪浅。作者没有回避那些丑陋的金融工具,而是以一种冷静、客观的视角,将其视为市场自我修正的必要环节。对于一个希望在中长期内保持稳健增长的投资者来说,了解如何在市场低谷期进行“价值捕获”比单纯学习如何“追逐热点”更为关键。这本书提供了一套完整的、跨越牛熊周期的投资哲学,它教会我,真正的专业素养,是能够在市场情绪最恐慌的时候,依然能保持清晰的头脑和执行力。这本书的价值,是时间沉淀后才会愈发凸显的。

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我尤其欣赏作者在处理复杂金融模型时所展现出来的清晰度。很多教材在讲解折现现金流(DCF)模型时,往往会用晦涩的数学符号堆砌,让人望而却步。但这本书的处理方式非常巧妙,它首先用非常直观的商业语言勾勒出模型背后的经济直觉,然后再逐步引入数学公式,而且每一个变量的引入都有明确的现实意义解释。更棒的是,它还加入了大量的“What-if”情景分析,比如利率突然上扬100个基点,或者某个关键地块的容积率发生变更,对项目净现值(NPV)会产生多大冲击。这种预见性和实操性极强的训练,极大地提高了我的风险敏感度。我感觉自己不是在读一本教科书,而是在模拟一次高强度的投资决策会议,必须对每一个参数的变化了然于胸。这种“做中学”的学习方式,远比死记硬背公式有效得多。

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这本书的内容深度和广度,着实让我这个在行业摸爬滚打了几年的人都感到震撼。我原本以为自己对房地产金融的基础框架已经了如指掌,但翻开目录后才发现,里面涵盖了太多我之前只是略有耳闻但从未系统学习的细分领域。它没有那种空泛的理论说教,而是紧密结合了市场实际案例进行推演和分析,这一点非常难得。举例来说,它对REITs的结构性风险剖析得极为透彻,不仅讲解了法律框架,还深入探讨了不同国家和地区的税收差异对投资回报率的实际影响。阅读过程中,我不得不频繁地停下来,查阅一些相关的历史数据和政策文件,因为作者的论述逻辑链条太长、太精密了。这本书就像一个经验丰富的大师在手把手教你如何拆解一个复杂的金融产品,每一个步骤都交代得清清楚楚,没有任何模糊不清的“差不多就行了”的敷衍态度。对于想要从“知其然”迈向“知其所以然”的专业人士而言,这简直是一本爱不释手的案头宝典。

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这本书的封面设计真是让人眼前一亮,那种沉稳又不失现代感的蓝绿色调,一下子就抓住了我的注意力。我是在一个偶然的机会下,在一家老牌书店里发现它的,当时就被它厚重的质感所吸引。拿到手里掂了掂,就知道这绝对不是那种“薄皮大馅”的快餐读物。内页的纸张选择也相当考究,印刷字迹清晰,排版疏密有致,即便是长时间阅读也不会感到眼睛疲劳。装帧工艺看起来非常扎实,感觉即便是经常翻阅也不会轻易散架,这对于一本需要反复查阅的专业书籍来说至关重要。而且,我注意到它附带的那个光盘,虽然现在我们更多依赖网络资源,但这种传统媒介的补充,对于初学者或者需要离线学习的场景,依然提供了额外的便利和安全感。从外在来看,这本书散发出一种值得信赖的专业气息,让人立刻产生想要深入了解其内容的冲动。它不仅仅是一本书,更像是一个精心准备的工具箱,准备好为你提供在特定领域深度探索的支撑。

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这本书的行文风格非常独特,它有一种老派学者的严谨,但又带着一种对金融创新那种近乎狂热的探索精神。它的语言组织充满了韵律感,读起来有一种沉浸式的体验,仿佛作者正在你耳边低语,为你揭示隐藏在华尔街和地产开发商之间的秘密。我注意到,作者在探讨一些前沿的融资结构,比如混合债务和夹层融资(Mezzanine Debt)时,引用了大量跨学科的知识,从博弈论到行为金融学都有涉及,使得整个讨论的维度被极大地拓宽了。它不满足于告诉你“应该做什么”,更会追溯“为什么市场会形成这种惯例”,以及“这种惯例在未来可能面临哪些颠覆”。这种批判性思维的引导,是我在其他同类书籍中很少见到的。它鼓励读者去质疑既有的框架,而不是盲目接受。

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Great textbook

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Great textbook

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Great textbook

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Great textbook

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Great textbook

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