Investment Analysis for Real Estate Decisions, 7th Edition

Investment Analysis is a text in the Dearborn four-year line aimed at advanced college students who have already completed several real estate courses and want a deeper understanding of real estate investment. It includes several question types and ongoing case problems. Many instructors teach a combined real estate finance/investment course, and this book is meant to combine easily with Dearborn’s Real Estate Finance. Table of Contents Preface Part 1: Fundamental Issues in Real Estate Investment Analysis 1: The Real Estate Investment Decision 2: Investment Strategy and Market Efficiency 3: Land Utilization and the Rental Value of Real Estate Part 2: Market Research and Cash-Flow Forecasting 4: Market Research Tools and Techniques 5: Reconstructing the Operating History 6: Forecasting Income and Property Value Part 3: Using Borrowed Money 7: Financial Leverage and Investment Analysis 8: Credit Instruments and Borrowing Arrangements 9: The Cost of Borrowed Money Part 4: Income Tax Considerations 10: Fundamental Income Tax Issues 11: Tax Consequences of Property Disposal Part 5: Measuring Investment Performance 12: Traditional Measures of Investment Worth 13: Discounted Cash-Flow Analysis 14: Investment Goals and Decision Criteria Part 6: The Risk Element 15: Risk in Real Estate Investment 16: Traditional Risk-Adjustment Methods 17: Contemporary Risk Measures 18: Risk Management in a Portfolio Context Part 7: The Investment Analysis Process Illustrated 19: Investment Feasibility Analysis 20: Subdivision Proposal Analysis 21: Development and Rehabilitation 22: Industrial Property, Office Building, and Shopping Center Analysis Part 8: Real Estate as a Security 23: Real Estate Investment Trusts Appendix A: Mathematics of Compounding and Discounting Appendix B: Compounding and Discounting with Financial Calculators Appendix C: Normal Distribution Table