The Handbook of Commercial Real Estate Investing: State of the Art Standards for Investment Transactions, asset Management, and Financial Reporting (PROFESSIONAL FINANCE & INVESTM) - Hardcover

MCMAHAN

Hardcover

ISBN 10: 007146865X ISBN 13: 9780071468657

Publisher: McGraw Hill, 2006

Synopsis

A Codifying “Best Practices” Guide to Effectively Managing the Entire Real Estate Investment Process

The Handbook of Commercial Real Estate Investing delivers an authoritative “best practices” approach to the three major areas of the industry: investment transactions, asset management, and enterprise management. Skillfully written by John McMahan, a leader of the U.S. commercial real estate investment industry, The Handbook of Commercial Real Estate Investing presents state-of-the-art methods needed to successfully invest in and manage commercial properties such as office buildings, shopping centers, industrial buildings, apartments, and hotels.

Designed to codify the industry “best practices” encouraged by financial institutions, The Handbook of Commercial Real Estate Investing offers:

Complete guidelines for the critical “due diligence” stage of the investment process

Effective asset management techniques for leasing, property management, and tenant relations

Detailed procedures for reporting to investors on the financial performance of the real estate portfolio

Information on using technology in the “due diligence” process

A wealth of sample forms and checklists used in real estate investment

A valuable glossary of real estate investment terms

Authoritative and easy to use, The Handbook of Commercial Real Estate Investing will serve as a valuable strategic guide to managing the overall real estate investment process, as well as a “best practices” tool for improving each operating area.

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From the Back Cover

[Backcover}

A Codifying "Best Practices" Guide to Effectively Managing the Entire Real Estate Investment Process

The Handbook of Commercial Real Estate Investing delivers an authoritative "best practices" approach to the three major areas of the industry: investment transactions, asset management, and enterprise management. Skillfully written by John McMahan, a leader of the U.S. commercial real estate investment industry, The Handbook of Commercial Real Estate Investing presents state-of-the-art methods needed to successfully invest in and manage commercial properties such as office buildings, shopping centers, industrial buildings, apartments, and hotels.

Designed to codify the industry "best practices" encouraged by financial institutions, The Handbook of Commercial Real Estate Investing offers:

Complete guidelines for the critical "due diligence" stage of the investment process

Effective asset management techniques for leasing, property management, and tenant relations

Detailed procedures for reporting to investors on the financial performance of the real estate portfolio

Information on using technology in the "due diligence" process

A wealth of sample forms and checklists used in real estate investment

A valuable glossary of real estate investment terms

Authoritative and easy to use, The Handbook of Commercial Real Estate Investing will serve as a valuable strategic guide to managing the overall real estate investment process, as well as a "best practices" tool for improving each operating area.

Flap Copy

The Handbook of Commercial Real Estate Investing offers a comprehensive "best practices" approach to commercial real estate investment, designed to minimize adverse consequences and standardize the real estate investment process.

John McMahan, the veteran real estate investment advisor, expertly demystifies the commercial real estate investment process, describing how values are created and presenting the tools needed to be a successful real estate investor.

The author explains the meaning of "best practices" within the context of the real estate industry, and stresses the importance of understanding investor objectives. He also discusses the characteristics of various property types, the fiduciary obligations involved, and post-closing problems to be avoided.

The Handbook of Commercial Real Estate Investing concentrates on best practice standards in the three main areas of commercial real estate: investment transactions, asset management, and enterprise management, providing in-depth coverage of the crucial topics within each area:

• Investment Transactions_shows how to perform a complete "due diligence" evaluation, detailing the physical, legal, and business aspects of the process, as well as cash flow analysis, negotiating agreements, underwriting, and closing
• Asset Management_examines the application of "best practices" in leasing, property management, tenant relations, and financial reporting, with emphasis on delivering a high level of customer service to maintain and increase property cash flow
• Enterprise Management-provides a roadmap to critical enterprise growth issues such as building leadership, strategic planning, market positioning, risk management, and corporate governance

A complete, one-stop reference, The Handbook of Commercial Real Estate Investing features two Appendices: one on applying technology to the real estate investment process, particularly due diligence on prospective investment assets; the other containing numerous sample documents associated with real estate investment. This essential resource also includes a handy Glossary of real estate investment terms and a detailed Index for rapid access to discussions of specific issues.

About the Author

John McMahan is a real estate investment manager who founded John McMahan Associates (JMA), a San Francisco-based firm which acquired U.S. real estate for European, Asian, Australian, and Middle Eastern investors. The firm later became McMahan Real Estate Advisors, shifting its focus to investing pension capital in real estate and eventually merging with Mellon Bank to become Mellon/McMahan, with Mr. McMahan as CEO. He also has served as chairman of two public REITS, and for 17 years was a senior lecturer at the Stanford Graduate School of Business and 5 years at the Haas School of Business, UC Berkeley.

Edition details

• Publisher: McGraw Hill
• Publication date: 2006
• Language: English
• ISBN 10: 007146865X
• ISBN 13: 9780071468657
• Binding: Hardcover
• Number of pages: 408