Real Estate Investment: A Strategic Approach introduces professional and technical approaches to building and managing large real estate portfolios. The new edition has been fully rewritten and reorganised and includes five new chapters, 25 new international case studies and a renewed focus on topics such PropTech (property technology), innovation and ESG.
Andrew Baum outlines the market and the players who dominate it; the investment process; the vehicles available for investment; and an approach to global portfolio construction, pricing and performance measurement. The book contains many useful features for students, including numerous boxed examples drawing on international cases, a glossary, and chapter summaries.
Ideal for undergraduate and postgraduate students on all real estate and property courses and related business studies and finance courses, Real Estate Investment is designed to provide a foundation for the next generation of investment managers, advisers and analysts.
Further resources for lecturers and students are available online at www.andrewbaum.com.
PART 1: INTRODUCTION TO THE MARKET
1. Introduction: real estate the
asset class
2. The market and who makes it
3. Market fundamentals and rent
PART 2: THE INVESTMENT PROCESS
4. Pricing real estate and the investment
process
5. Portfolio theory and risk
6. Development
7. Asset management
8.
Capital structure: equity and debt PART 3: INVESTMENT VEHICLES
9. Real estate
funds
10. Structured real estate investment and options PART 4: BUILDING
PORTFOLIOS
11. International real estate investment
12. Real estate strategy
- theory into practice PART 5: MEASURING PERFORMANCE
13. Performance
measurement and attribution PART 6: THE FUTURE
14. The future of real estate
investment
Andrew Baum is Emeritus Professor at the Saļd Business School, University of Oxford. Until 2021 he was Professor of Practice at the Saļd Business School, University of Oxford, and the director of the Oxford Future of Real Estate Initiative. From 2009 to 2014, he was Honorary Professor of Real Estate Investment at the University of Cambridge and, from 2011 to 2014, Fellow of St Johns College, Cambridge. He is also Emeritus Professor at the University of Reading, where he taught for many years. He is also Chairman of Newcore Capital Management and an adviser to several property investment and PropTech businesses.
