LEADER 04698nam 22006014a 450 001 9910975091903321 005 20200520144314.0 010 $a9780313001123 010 $a031300112X 010 $a9780585393223 010 $a0585393222 035 $a(CKB)111056486934644 035 $a(OCoLC)49871096 035 $a(CaPaEBR)ebrary5004460 035 $a(SSID)ssj0000185078 035 $a(PQKBManifestationID)11169233 035 $a(PQKBTitleCode)TC0000185078 035 $a(PQKBWorkID)10207614 035 $a(PQKB)11332540 035 $a(MiAaPQ)EBC3000164 035 $a(Au-PeEL)EBL3000164 035 $a(CaPaEBR)ebr5004460 035 $a(OCoLC)847256934 035 $a(Perlego)4202179 035 $a(EXLCZ)99111056486934644 100 $a20000424d2001 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aJapan real estate investment /$fM.A. Hines 205 $a1st ed. 210 $aWestport, CT $cQuorum Books$d2001 215 $a1 online resource (323 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781567203745 311 08$a1567203744 320 $aIncludes bibliographical references and index. 327 $aIntro -- Contents -- Preface and Acknowledgments -- 1. Introduction -- 2. The Japanese Economy -- 3. The New Investment Climate: Culture and Environment -- 4. History of Land Tenure in Japan -- 5. Land Planning and Control: New Approaches -- 6. Leasing and Marketing Japanese Real Estate -- 7. Land Development and Construction -- 8. Appraising Japanese Real Estate -- 9. Real Estate Investment Yields and Their Measurement -- 10. Financing Japanese Real Estate -- 11. Taxation Affecting Japanese Real Estate Investment -- 12. Real Estate Securitization -- 13. Prospects for the Future -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W -- Y. 330 8 $aFrom long personal experience, research, and private conversations with international real estate investors, analysts, and marketing executives, Dr. Hines identifies succinctly and precisely the differences between investing in Japanese real estate and real estate elsewhere--the crucial differences, plus the risks and hazards that real estate professionals must know and understand. She shows that the new Japanese economic environment is having its affect on real estate there, how foreign investors are influencing the value of property and the systems to analyze it, and why the financing of real estate in Japan through loan and equity securitization is on the rise. Real estate professionals will be particularly interested in her coverage of commercial and residential property, while specialists with other interests will also get an unusual view of Japanese urban planning, land development, and tenure changes over time, information that is rarely available in English. Dr. Hines focuses on the Tokyo metropolitan area and on office buildings and shopping centers, in general but she also covers residential and industrial property investment across Japan. Readers will get a quick view of the new investment climate and aspects of economic, cultural, governmental, and environmental change in Japan. She gives a brief history of Japanese land tenure and views current land planning and control from a historical perspective. For real estate professionals there are chapters on leasing, marketing, land development, and construction, and she delineates the differences between Japanese real estate appraisal and international valuation methods and practices. Also noted is the increased use of income capitalization methods. Dr. Hines examines differences between Japanese and international real estate investment methods of analysis, particularly in light of Japanese real estate financing and taxation. She also illustrates the imputed interest charge methods of investment analysis and gives special emphasis to internationally approved discounted cash flow analysis. Finally, the book examines the trend toward real estate securitization and shows how banks and other financial institutions are reducing their real estate lending and restructuring themselves to prepare for a new era of economic reform. 606 $aReal estate investment$zJapan 615 0$aReal estate investment 676 $a332.63/24/0952 700 $aHines$b Mary Alice$01806744 701 $aHines$b Mary Alice$01806744 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910975091903321 996 $aJapan real estate investment$94356096 997 $aUNINA