From the Publisher:
Exhibits have been updated throughout to illustrate current trends in Real Estate.
In Chapter 2, the authors have expanded the coverage of the Time Value of Money operation because this is one of the most challenging concepts in finance. The coverage of this important topic is patient and clear.
Chapter 3 includes more examples of valuation using direct capitalization to help students understand the most common type of Real estate valuation. Coverage of break-even ratio was dropped in an effort to simplify the chapter.
Chapter 3 includes more examples of valuation using direct capitalization to help students understand the most common type of Real estate valuation. Coverage of break-even ratio was dropped in an effort to simplify the chapter.
Chapter 5 provides a new section on the growing importance of public real estate markets and also added coverage of Real Estate Investment Trusts (REIT) valuation to make the Investment Perspective more comprehensive.The title for Chapter 9 has changed to 'Land Use, Planning, Zoning, Urban Problems and Environmental Hazards'. Coverage of Urban problems, such as 'The New Urbanism' and 'Reducing Crime, Congestion and Sprawl' have been added, as these important topics are now being discussed in cities and suburbs across the country.
In response to reviewer feedback, Chapter 19 (Mortgage Backed Securities) has been eliminated. However, there is a short section on Mortgage Backed Securities to supplement Chapter 16 (Sources of Funds for Residential Mortgages.) In addition, the previous Ch.Chapter 21, Real Estate Brokerage and Listing Contracts, now includes a new section on discrimination as well Internet marketing.Global Capital Markets are integrated to promote an understanding of the total investment process and how that process is applied to real estate.
Real World Emphasis and Real Estate Focus Boxes provide students with an appreciation for the actual practice of real estate.
Calculator Key Strokes are given so that students can solve problems on any standard financial calculator.
The Excel tutorial demonstrates how numerous real estate problems can be solved using Excel spreadsheets.
For pedagogical purposes, the text includes learning objectives, boxed readings, summary, key terms, test yourself questions, problems for thought and solution, case problems, and additional readings.
About the Author:
Professor Jack Corgel has been a member of the Cornell Hotel School faculty for seven years. He served as the first Director of the Center of Hospitality Research from 1992-1994. After receiving undergraduate and Ph.D. (1979) degrees from the University of Georgia in real estate and corporate finance, he taught at the University of Florida, Georgia State University, and the University of Connecticut. During the academic year 1985-1986, he was a visiting scholar at the Federal Home Loan Bank Board in Washington, D.C. He is a fellow of the Homer Hoyt Institute. Professor Corgel has published over 50 articles in the most prestigious academic and professional journals, mainly on the subjects of real estate finance, investment, valuation, and hospitality real estate.
"About this title" may belong to another edition of this title.