Underwriting Commercial Real Estate in a Dynamic Market
Case Studies
- 1st Edition - May 14, 2019
- Author: Christian Redfearn
- Language: English
- Paperback ISBN:9 7 8 - 0 - 1 2 - 8 1 5 9 8 9 - 7
- eBook ISBN:9 7 8 - 0 - 1 2 - 8 1 5 9 9 0 - 3
A recurrent theme in Underwriting Commercial Real Estate in a Dynamic Market is that good thinking and good underwriting go together. This stands in contrast with "getting… Read more
A recurrent theme in Underwriting Commercial Real Estate in a Dynamic Market is that good thinking and good underwriting go together. This stands in contrast with "getting an answer" or even worse "reverse engineering" – getting to a solution by assuming that current trends in market pricing is best. The cases in Underwriting Commercial Real Estate in a Dynamic Market will force readers to recognize that there is no single answer, but rather a range of answers that will depend on numerous perspectives. And, in order to make valuation decisions, they will have to undertake a rich conversation about what constitutes a good trade-off and what does not. Cases can be structured for use with introductory material as well as advanced topics.
- Encourages readers to think about alternatives and their viability
- Addresses real world variations and concentrates on large urban economic forces and their implications for real estate valuation
- Presents case studies that vary significantly in length and specificity
- Includes pedagogical materials such as case introductions and exhibits
Upper-division undergraduates, MA, and Ph.D. students who need an introduction to real estate industry practices. The material is also relevant to practitioners who need its mathematics
Section A: Building a frameworkCase 1 Vista View and a Second Shot at OwnershipCase 2 Altitude and Perspective: Let the Fund Guide Investment?Case 3 Apples and Oranges: The Strengths and Weaknesses of Being a GeneralistCase 4 Motor City Madness? The Search for Yield Takes Isaac to DetroitCase 5 Forensic Underwriting or: What’s the Opposite of Big Data?
Section B: Extending the frameworkCase 6 Bayview Double TakeCase 7 Excuse Me, Where’s the Exit from Marina Bay?Case 8 Atwood Corporate CenterCase 9 Lombard StreetCase 10 An Uncommon Option for Cloverfield Commons
Section C: Narrowing the questionsCase 11 Making Sense of EastgateCase 12 How to Exit Fund IVCase 13 A Changing Retail Landscape and a Lease to MatchCase 14 Finding a Safe Way to Park: Investing in NNN Lease PropertiesCase 15 Let’s Do This Again
Section D: Development and redevelopmentCase 16 Huntington FlatsCase 17 Leaning into Headwinds: Grocery-Anchored Retail in the Era of AmazonCase 18 Anyone for Extra Innings? Let’s Play Two? Late-Cycle Underwriting for Irwindale Reliance and the Olympic PlantCase 19 The Minnifield ParcelCase 20 Do Cycles Die of Old Age? Or Is 10 the New 6?
- Edition: 1
- Published: May 14, 2019
- Language: English
CR
Christian Redfearn
Christian L. Redfearn is the Borstein Family Endowed Professor of Real Estate at the Price School of Public Policy at the University of Southern California. There Prof. Redfearn directed the Dollinger Masters of Real Estate for nine years and introduced the new undergraduate bachelor of real estate development degree. He also is the editor of the Borstein Real Estate Case Series. He joined the faculty at USC after completing his Ph.D. in economics at the University of California, Berkeley. He has been published in the Journal of Urban Economics, Regional Science and Urban Economics, and others. Prof. Redfearn also has also been named a NAIOP Distinguished Research Fellow.
Affiliations and expertise
University of Southern California, USARead Underwriting Commercial Real Estate in a Dynamic Market on ScienceDirect