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European real estate society [[electronic resource] /] / guest editor: Eamonn D'Arcy
| European real estate society [[electronic resource] /] / guest editor: Eamonn D'Arcy |
| Pubbl/distr/stampa | Bradford, England, : Emerald Group Publishing, c2006 |
| Descrizione fisica | 1 online resource (94 p.) |
| Disciplina | 333.33/2 |
| Altri autori (Persone) | Eamonn D'Arcy |
| Collana | Journal of property investment & finance |
| Soggetto topico |
Anthropology
Real estate investment |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-280-50678-4
9786610506781 1-84544-895-2 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Cover; CONTENTS; EDITORIAL ADVISORY BOARD; Editorial; The impact of the New Basel Capital Accord on real estate developers; The performance of property developments of institutional investors; Uncertainty and feasibility studies: an Italian case study; Architecture for a real estate analysis information system using GIS techniques integrated with fuzzy theory; Market valuation of real estate finance mergers: a note; Freehold valuations: the relationship between implicit and explicit DCF methods; Book reviews |
| Record Nr. | UNINA-9910450473503321 |
| Bradford, England, : Emerald Group Publishing, c2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
European real estate society [[electronic resource] /] / guest editor: Eamonn D'Arcy
| European real estate society [[electronic resource] /] / guest editor: Eamonn D'Arcy |
| Pubbl/distr/stampa | Bradford, England, : Emerald Group Publishing, c2006 |
| Descrizione fisica | 1 online resource (94 p.) |
| Disciplina | 333.33/2 |
| Altri autori (Persone) | Eamonn D'Arcy |
| Collana | Journal of property investment & finance |
| Soggetto topico |
Anthropology
Real estate investment |
| ISBN |
1-280-50678-4
9786610506781 1-84544-895-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Cover; CONTENTS; EDITORIAL ADVISORY BOARD; Editorial; The impact of the New Basel Capital Accord on real estate developers; The performance of property developments of institutional investors; Uncertainty and feasibility studies: an Italian case study; Architecture for a real estate analysis information system using GIS techniques integrated with fuzzy theory; Market valuation of real estate finance mergers: a note; Freehold valuations: the relationship between implicit and explicit DCF methods; Book reviews |
| Record Nr. | UNINA-9910783559603321 |
| Bradford, England, : Emerald Group Publishing, c2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
European valuation practice : theory and technique / / edited by Alastair Adair. [et al.]
| European valuation practice : theory and technique / / edited by Alastair Adair. [et al.] |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | London : , : E & FN Spon, , 1996 |
| Descrizione fisica | 1 online resource (355 p.) |
| Disciplina |
333.33/2
333.332 333.332094 |
| Altri autori (Persone) | AdairAlastair S |
| Soggetto topico |
Real property - Valuation - Europe, Western
Real estate investment - Europe, Western |
| Soggetto genere / forma | Electronic books. |
| ISBN |
0-203-23789-7
1-135-82119-4 1-280-04606-6 0-203-47552-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
European Valuation Practice: Theory and technique; Copyright; Contents; Contributors; Foreword; 1 The context of valuation practice in Europe; 1.1 INTRODUCTION; 1.2 INVESTMENT VALUATION: PRICING AND APPRAISAL OF WORTH; 1.3 THE CULTURAL PROBLEM AND THE VALUATION PROCESS; 1.4 ORGANIZATION OF THE BOOK; REFERENCES; PART 1 Theoretical basis of valuation; 2 Concepts and models of value; 2.1 INTRODUCTION; 2.2 CONCEPTS OF VALUE; 2.3 THE ESTIMATION OF EXCHANGE PRICE; 2.4 MARKET VALUE AND COST; 2.5 VALUATION MODELS; 2.6 CONCLUSION; FURTHER READING
3 Valuation of investment properties for acquisition, disposal and performance measurement 3.1 PROPERTY INVESTMENT; 3.2 PROPERTY INVESTMENT AT THE PORTFOLIO LEVEL; 3.3 PROPERTY INVESTMENT APPRAISAL AT THE INDIVIDUAL PROPERTY LEVEL; 3.4 APPRAISAL INFORMATION NEEDS; 3.5. PROPERTY INVESTMENT APPRAISAL - CONCLUDING COMMENTS; REFERENCES; 4 Valuation for loan security; 4.1 FINANCE MECHANISMS; 4.2 CHARACTERISTICS OF LOAN REQUIREMENTS; 4.3 OBJECTIVES OF VALUATION; 4.4 RELATIONSHIPS BETWEEN THE VALUER, LENDER AND BORROWER; 4.5 REALIZING SECURITY IN CASE OF DEFAULT 4.6 VALUATION OF PROPERTY WITH DEVELOPMENT POTENTIAL 4.7 DATABASE MANAGEMENT; 4.8 FEE LEVELS; 4.9 REPORTING; 4.10 CONCLUSION; REFERENCES; CASE LAW; LEGISLATION; PART 2 Valuation practice in Europe; 5 Belgium; 5.1 GENERAL BACKGROUND; 5.2 PROPERTY RIGHTS; 5.3 EDUCATION AND THE VALUATION PROFESSION; 5.4 PURPOSE OF VALUATION AND VALUATION METHODOLOGY; 5.5 APPLICATION OF VALUATION; 5.6 CASE VALUATION FOR INVESTMENT PURPOSES; 5.7 CONCLUSION; FURTHER READING; 6 Finland; 6.1 THE VALUATION PROFESSION IN FINLAND; 6.2 LEGISLATION AND REGULATORY PROVISION; 6.3 CONTEXTUAL INFLUENCE; 6.4 PROPERTY TENURE 6.5 VALUATION METHODS 6.6 PROPERTY DATA; 6.7 VALUATION REPORTS; 6.8 CONCLUSION; REFERENCES; 7 France; 7.1 OVERVIEW OF VALUATIONS; 7.2 VALUATION STANDARDS; 7.3 CONTEXTUAL INFLUENCES; 7.4 PROPERTY TENURE; 7.5 BASES OF VALUATION; 7.6 VALUATION METHODS; 7.7 TRANSACTION COSTS; 7.8 DATABASE MANAGEMENT; 7.9 CONCLUSION; FURTHER READING; 8 Germany; 8.1 VALUATION FOR INVESTMENT; 8.2 LOAN SECURITY VALUATION; 8.3 THE OPEN-END INVESTMENT FUNDS; 8.4 CLOSED-END FUNDS; 8.5 VALUERS; 8.6 AGENCY AND BROKERAGE; 8.7 EDUCATION; 8.8 PROFESSIONAL BODIES; 8.9 VALUER'S LIABILITY; 8.10 VALUER'S FEE LEVELS 8.11 PROPERTY TENURE IN GERMANY 8.12 GERMAN LEGISLATION; 8.13 DEFINITIONS OF VALUE; 8.14 CULTURAL DIFFERENCES (VALUATION UK VERSUS FRG); 8.15 DATABASE MANAGEMENT: DATA COLLECTION, RELIABILITY AND METHODS OF MEASUREMENT; 8.16 MARKET TRANSPARENCY; 8.17 CONCLUSION; REFERENCES; LEGISLATION; 9 Italy; 9.1 LEGISLATIVE AND REGULATORY CONTEXT; 9.2 CONTEXTUAL INFLUENCE; 9.3 GROSS TO NET ADJUSTMENT; 9.4 THEORETICAL BASIS OF VALUATION TECHNIQUES; 9.5 DATABASE MANAGEMENT - SOURCES OF DATA; 9.6 PRACTICAL APPLICATION OF TECHNIQUES; 9.7 CONCLUSION; REFERENCES; 10 The Netherlands 10.1 MARKET STRUCTURE FOR BROKERAGE ACTIVITIES |
| Record Nr. | UNINA-9910455884003321 |
| London : , : E & FN Spon, , 1996 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
European valuation practice : theory and technique / / edited by Alastair Adair. [et al.]
| European valuation practice : theory and technique / / edited by Alastair Adair. [et al.] |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | London : , : E & FN Spon, , 1996 |
| Descrizione fisica | 1 online resource (355 p.) |
| Disciplina |
333.33/2
333.332 333.332094 |
| Altri autori (Persone) | AdairAlastair S |
| Soggetto topico |
Real property - Valuation - Europe, Western
Real estate investment - Europe, Western |
| ISBN |
1-135-82118-6
0-203-23789-7 1-135-82119-4 1-280-04606-6 0-203-47552-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
European Valuation Practice: Theory and technique; Copyright; Contents; Contributors; Foreword; 1 The context of valuation practice in Europe; 1.1 INTRODUCTION; 1.2 INVESTMENT VALUATION: PRICING AND APPRAISAL OF WORTH; 1.3 THE CULTURAL PROBLEM AND THE VALUATION PROCESS; 1.4 ORGANIZATION OF THE BOOK; REFERENCES; PART 1 Theoretical basis of valuation; 2 Concepts and models of value; 2.1 INTRODUCTION; 2.2 CONCEPTS OF VALUE; 2.3 THE ESTIMATION OF EXCHANGE PRICE; 2.4 MARKET VALUE AND COST; 2.5 VALUATION MODELS; 2.6 CONCLUSION; FURTHER READING
3 Valuation of investment properties for acquisition, disposal and performance measurement 3.1 PROPERTY INVESTMENT; 3.2 PROPERTY INVESTMENT AT THE PORTFOLIO LEVEL; 3.3 PROPERTY INVESTMENT APPRAISAL AT THE INDIVIDUAL PROPERTY LEVEL; 3.4 APPRAISAL INFORMATION NEEDS; 3.5. PROPERTY INVESTMENT APPRAISAL - CONCLUDING COMMENTS; REFERENCES; 4 Valuation for loan security; 4.1 FINANCE MECHANISMS; 4.2 CHARACTERISTICS OF LOAN REQUIREMENTS; 4.3 OBJECTIVES OF VALUATION; 4.4 RELATIONSHIPS BETWEEN THE VALUER, LENDER AND BORROWER; 4.5 REALIZING SECURITY IN CASE OF DEFAULT 4.6 VALUATION OF PROPERTY WITH DEVELOPMENT POTENTIAL 4.7 DATABASE MANAGEMENT; 4.8 FEE LEVELS; 4.9 REPORTING; 4.10 CONCLUSION; REFERENCES; CASE LAW; LEGISLATION; PART 2 Valuation practice in Europe; 5 Belgium; 5.1 GENERAL BACKGROUND; 5.2 PROPERTY RIGHTS; 5.3 EDUCATION AND THE VALUATION PROFESSION; 5.4 PURPOSE OF VALUATION AND VALUATION METHODOLOGY; 5.5 APPLICATION OF VALUATION; 5.6 CASE VALUATION FOR INVESTMENT PURPOSES; 5.7 CONCLUSION; FURTHER READING; 6 Finland; 6.1 THE VALUATION PROFESSION IN FINLAND; 6.2 LEGISLATION AND REGULATORY PROVISION; 6.3 CONTEXTUAL INFLUENCE; 6.4 PROPERTY TENURE 6.5 VALUATION METHODS 6.6 PROPERTY DATA; 6.7 VALUATION REPORTS; 6.8 CONCLUSION; REFERENCES; 7 France; 7.1 OVERVIEW OF VALUATIONS; 7.2 VALUATION STANDARDS; 7.3 CONTEXTUAL INFLUENCES; 7.4 PROPERTY TENURE; 7.5 BASES OF VALUATION; 7.6 VALUATION METHODS; 7.7 TRANSACTION COSTS; 7.8 DATABASE MANAGEMENT; 7.9 CONCLUSION; FURTHER READING; 8 Germany; 8.1 VALUATION FOR INVESTMENT; 8.2 LOAN SECURITY VALUATION; 8.3 THE OPEN-END INVESTMENT FUNDS; 8.4 CLOSED-END FUNDS; 8.5 VALUERS; 8.6 AGENCY AND BROKERAGE; 8.7 EDUCATION; 8.8 PROFESSIONAL BODIES; 8.9 VALUER'S LIABILITY; 8.10 VALUER'S FEE LEVELS 8.11 PROPERTY TENURE IN GERMANY 8.12 GERMAN LEGISLATION; 8.13 DEFINITIONS OF VALUE; 8.14 CULTURAL DIFFERENCES (VALUATION UK VERSUS FRG); 8.15 DATABASE MANAGEMENT: DATA COLLECTION, RELIABILITY AND METHODS OF MEASUREMENT; 8.16 MARKET TRANSPARENCY; 8.17 CONCLUSION; REFERENCES; LEGISLATION; 9 Italy; 9.1 LEGISLATIVE AND REGULATORY CONTEXT; 9.2 CONTEXTUAL INFLUENCE; 9.3 GROSS TO NET ADJUSTMENT; 9.4 THEORETICAL BASIS OF VALUATION TECHNIQUES; 9.5 DATABASE MANAGEMENT - SOURCES OF DATA; 9.6 PRACTICAL APPLICATION OF TECHNIQUES; 9.7 CONCLUSION; REFERENCES; 10 The Netherlands 10.1 MARKET STRUCTURE FOR BROKERAGE ACTIVITIES |
| Record Nr. | UNINA-9910780380203321 |
| London : , : E & FN Spon, , 1996 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
European valuation practice : theory and technique / / edited by Alastair Adair ... [et al.]
| European valuation practice : theory and technique / / edited by Alastair Adair ... [et al.] |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | London ; ; New York, : E & FN Spon, 1996 |
| Descrizione fisica | 1 online resource (355 p.) |
| Disciplina |
333.33/2
333.332 333.332094 |
| Altri autori (Persone) | AdairAlastair |
| Soggetto topico |
Real property - Valuation - Europe, Western
Real estate investment - Europe, Western |
| ISBN |
1-135-82118-6
0-203-23789-7 1-135-82119-4 1-280-04606-6 0-203-47552-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
European Valuation Practice: Theory and technique; Copyright; Contents; Contributors; Foreword; 1 The context of valuation practice in Europe; 1.1 INTRODUCTION; 1.2 INVESTMENT VALUATION: PRICING AND APPRAISAL OF WORTH; 1.3 THE CULTURAL PROBLEM AND THE VALUATION PROCESS; 1.4 ORGANIZATION OF THE BOOK; REFERENCES; PART 1 Theoretical basis of valuation; 2 Concepts and models of value; 2.1 INTRODUCTION; 2.2 CONCEPTS OF VALUE; 2.3 THE ESTIMATION OF EXCHANGE PRICE; 2.4 MARKET VALUE AND COST; 2.5 VALUATION MODELS; 2.6 CONCLUSION; FURTHER READING
3 Valuation of investment properties for acquisition, disposal and performance measurement 3.1 PROPERTY INVESTMENT; 3.2 PROPERTY INVESTMENT AT THE PORTFOLIO LEVEL; 3.3 PROPERTY INVESTMENT APPRAISAL AT THE INDIVIDUAL PROPERTY LEVEL; 3.4 APPRAISAL INFORMATION NEEDS; 3.5. PROPERTY INVESTMENT APPRAISAL - CONCLUDING COMMENTS; REFERENCES; 4 Valuation for loan security; 4.1 FINANCE MECHANISMS; 4.2 CHARACTERISTICS OF LOAN REQUIREMENTS; 4.3 OBJECTIVES OF VALUATION; 4.4 RELATIONSHIPS BETWEEN THE VALUER, LENDER AND BORROWER; 4.5 REALIZING SECURITY IN CASE OF DEFAULT 4.6 VALUATION OF PROPERTY WITH DEVELOPMENT POTENTIAL 4.7 DATABASE MANAGEMENT; 4.8 FEE LEVELS; 4.9 REPORTING; 4.10 CONCLUSION; REFERENCES; CASE LAW; LEGISLATION; PART 2 Valuation practice in Europe; 5 Belgium; 5.1 GENERAL BACKGROUND; 5.2 PROPERTY RIGHTS; 5.3 EDUCATION AND THE VALUATION PROFESSION; 5.4 PURPOSE OF VALUATION AND VALUATION METHODOLOGY; 5.5 APPLICATION OF VALUATION; 5.6 CASE VALUATION FOR INVESTMENT PURPOSES; 5.7 CONCLUSION; FURTHER READING; 6 Finland; 6.1 THE VALUATION PROFESSION IN FINLAND; 6.2 LEGISLATION AND REGULATORY PROVISION; 6.3 CONTEXTUAL INFLUENCE; 6.4 PROPERTY TENURE 6.5 VALUATION METHODS 6.6 PROPERTY DATA; 6.7 VALUATION REPORTS; 6.8 CONCLUSION; REFERENCES; 7 France; 7.1 OVERVIEW OF VALUATIONS; 7.2 VALUATION STANDARDS; 7.3 CONTEXTUAL INFLUENCES; 7.4 PROPERTY TENURE; 7.5 BASES OF VALUATION; 7.6 VALUATION METHODS; 7.7 TRANSACTION COSTS; 7.8 DATABASE MANAGEMENT; 7.9 CONCLUSION; FURTHER READING; 8 Germany; 8.1 VALUATION FOR INVESTMENT; 8.2 LOAN SECURITY VALUATION; 8.3 THE OPEN-END INVESTMENT FUNDS; 8.4 CLOSED-END FUNDS; 8.5 VALUERS; 8.6 AGENCY AND BROKERAGE; 8.7 EDUCATION; 8.8 PROFESSIONAL BODIES; 8.9 VALUER'S LIABILITY; 8.10 VALUER'S FEE LEVELS 8.11 PROPERTY TENURE IN GERMANY 8.12 GERMAN LEGISLATION; 8.13 DEFINITIONS OF VALUE; 8.14 CULTURAL DIFFERENCES (VALUATION UK VERSUS FRG); 8.15 DATABASE MANAGEMENT: DATA COLLECTION, RELIABILITY AND METHODS OF MEASUREMENT; 8.16 MARKET TRANSPARENCY; 8.17 CONCLUSION; REFERENCES; LEGISLATION; 9 Italy; 9.1 LEGISLATIVE AND REGULATORY CONTEXT; 9.2 CONTEXTUAL INFLUENCE; 9.3 GROSS TO NET ADJUSTMENT; 9.4 THEORETICAL BASIS OF VALUATION TECHNIQUES; 9.5 DATABASE MANAGEMENT - SOURCES OF DATA; 9.6 PRACTICAL APPLICATION OF TECHNIQUES; 9.7 CONCLUSION; REFERENCES; 10 The Netherlands 10.1 MARKET STRUCTURE FOR BROKERAGE ACTIVITIES |
| Record Nr. | UNINA-9910964439903321 |
| London ; ; New York, : E & FN Spon, 1996 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Flexibility and real estate valuation under uncertainty : a practical guide for developers / / David Geltner, Richard de Neufville
| Flexibility and real estate valuation under uncertainty : a practical guide for developers / / David Geltner, Richard de Neufville |
| Autore | Geltner David <1951-> |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | Hoboken, New Jersey : , : Wiley Blackwell, , 2018 |
| Descrizione fisica | 1 online resource (258 pages) |
| Disciplina | 333.33/2 |
| Soggetto topico |
Real property - Valuation
Real estate development Real estate investment |
| ISBN |
1-119-10648-6
1-119-10645-1 1-119-10647-8 |
| Classificazione |
673.99
338.12 333.332 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910270886203321 |
Geltner David <1951->
|
||
| Hoboken, New Jersey : , : Wiley Blackwell, , 2018 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Flexibility and real estate valuation under uncertainty : a practical guide for developers / / David Geltner, Richard de Neufville
| Flexibility and real estate valuation under uncertainty : a practical guide for developers / / David Geltner, Richard de Neufville |
| Autore | Geltner David <1951-> |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | Hoboken, N.J., : Wiley Blackwell, 2018 |
| Descrizione fisica | 1 online resource (258 pages) |
| Disciplina | 333.33/2 |
| Soggetto topico |
Real property - Valuation
Real estate development Real estate investment |
| ISBN |
9781119106487
1119106486 9781119106456 1119106451 9781119106470 1119106478 |
| Classificazione |
673.99
338.12 333.332 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Intro -- Title Page -- Copyright Page -- Contents -- Foreword -- Authors' Preface -- Acknowledgments -- About the Companion Website -- Chapter 1 Discounted Cash Flow Valuation: The Basic Procedures and Concepts Underlying Spreadsheet Valuation Constitute the Springboard to our Approach of Analyzing Flexibility Under Uncertainty -- 1.1 Why the Focus on the Discounted Cash Flow Model? -- 1.2 Structure of a Discounted Cash Flow Spreadsheet -- 1.3 The Cash Flow Projection -- 1.4 Discount Rate -- 1.5 Market Value and Forward-Looking (Ex-Ante) Analysis -- 1.6 Backward-Looking (Ex-Post) Analysis -- 1.7 Conclusion -- Chapter 2 Economics of the Discounted Cash Flow Valuation Model: Understanding the Discount Rate is Critical -- 2.1 Choice of Discount Rate -- 2.2 Differences between Discount Rate, Opportunity Cost of Capital, and Internal Rate of Return -- 2.3 Net Present Value -- 2.4 Relationship between Discount Rate, Growth Rate, and Income Yield -- 2.5 Relationship between Discount Rate and Risk -- 2.6 Conclusion -- Chapter 3 Future Scenarios Matter: We Need to Recognize that Future Projections are Uncertain -- 3.1 The Standard Discounted Cash Flow Model Appears to be Deterministic -- 3.2 We Live in a World of Uncertainty -- 3.3 Discounted Cash Flow Pro Forma Cash Flows Are Expectations -- 3.4 Flexibility and Options -- 3.5 Conclusion -- Chapter 4 Scenario Analysis: Future Scenarios can Significantly and Surprisingly Affect the Present Value -- 4.1 Discounted Cash Flow Scenario Analysis -- 4.2 Scenarios Affect Value -- 4.3 Flexibility Has Value -- 4.4 Conclusion -- Chapter 5 Future Outcomes Cover a Range of Possibilities: We Can Describe Uncertainties in Real Estate Using Probability Distributions of Possible Future Outcomes -- 5.1 Distribution of Future Outcomes -- 5.2 Quantifying Input Distributions.
5.3 Distributions of Outcomes Differ from Distributions of Inputs -- 5.4 Flaw of Averages -- 5.5 Conclusion -- Chapter 6 Simulation of Outcomes: Simulation is a Practical, Efficient Way to Explore Uncertainty and to choose between Alternative Strategies for Managing it -- 6.1 Generating Scenarios -- 6.2 Real Estate Simulation in a Nutshell -- 6.3 Simulation Is an Efficient Process -- 6.4 Number of Trials -- 6.5 Conclusion -- Chapter 7 Modeling Price Dynamics: Using Pricing Factors to Model the Dynamics of Real Estate Markets -- 7.1 Pricing Factors -- 7.2 Random Walks -- 7.3 Real Estate Pricing Factor Dynamics -- 7.4 Conclusion -- Chapter 8 Interpreting Simulation Results: Target Curves and Scatterplots can be used to Graph the Distribution of the Sample Output -- 8.1 Target Curves -- 8.2 Comparing Target Curves -- 8.3 Value at Risk -- 8.4 Scatterplots -- 8.5 Conclusion -- Chapter 9 Resale Timing Decision: Analysis: Let's See what happens when we apply the Tools of Flexibility Analysis to a Classical Investment Decision: when to sell the Property -- 9.1 The Resale Timing Problem -- 9.2 Extending the Time Horizon of the Discounted Cash Flow Model -- 9.3 IF Statements -- 9.4 Trigger Value for Stop-Gain Rule -- 9.5 Value of Example Stop-Gain Rule -- 9.6 Conclusion -- Chapter 10 Resale Timing Decision: Discussion: Let's think about Additional Insights we can get from Simulation -- 10.1 Sensitivity Analysis -- 10.2 When to Use the Stop-Gain Rule -- 10.3 Implications of Flexibility for Property Valuation -- 10.4 Conclusion -- Chapter 11 Development Project Valuation: This Chapter Looks at Valuation of Development Projects From an Investment Perspective, Considering Uncertainty, Flexibility, and Time-to-Build -- 11.1 Time-to-Build Difference between Development Projects and Existing Assets -- 11.2 Lower Opportunity Cost of Capital for Construction Costs. 11.3 Illustrative Example -- 11.4 Residual Value of Development Land -- 11.5 Investment Risk in Development Project -- 11.6 Conclusion -- Chapter 12 Basic Flexibility in Development Projects: The Most Basic Flexibility in Real Estate Development is the Option to Choose whether and when to Build -- 12.1 Review of Call (and Put) Options -- 12.2 Land as a Call Option on Development -- 12.3 Drivers of Option Value -- 12.4 A Practical Example of a Call (and Put) Option -- 12.5 Flexibility and Scenario Analysis for Development Projects -- 12.6 Conclusion -- Chapter 13 Option Dichotomies: We Introduce a Typology of Flexibility in Development Projects -- 13.1 Three Dichotomies for Thinking Generally about Development Options -- 13.2 Defensive versus Offensive Options -- 13.3 Options "On" and "In" Projects -- 13.4 Timing Options versus Product Options -- 13.5 Conclusion -- Chapter 14 Product Options in Development: We Discuss Three types of Product Options -- 14.1 Concept of Base Plan -- 14.2 Product Expansion Flexibility -- 14.3 Product Mix Flexibility -- 14.4 Conclusion -- Chapter 15 Timing Options in Development: Now we Turn to the Types of Timing Options -- 15.1 Project Start-Timing Flexibility (The Delay Option) -- 15.2 Project Production Timing Flexibility -- 15.3 Modular Production Timing Flexibility -- 15.4 Phasing Timing Flexibility -- 15.5 Types of Phasing -- 15.6 Recognizing Defensive and Offensive Options in Simulation Results -- 15.7 Conclusion -- Chapter 16 Garden City: An Example Multi-Asset Development Project: We Present the Traditional DCF Valuation Spreadsheet Model for the Example Development Project We use in the Rest of Book -- 16.1 Overview of Multi‐Asset Development Project -- 16.2 Structure of a Realistic Multi-Asset Spreadsheet Pro Forma -- 16.3 Cash Flows for the Example Pro Forma -- 16.4 Temporal Profile for Base Case. 16.5 Expected Economics of the Garden City Project -- 16.6 Conclusion -- Chapter 17 Effect of Uncertainty without Flexibility in Development Project Evaluation: We Re-analyze the Garden City Project by Reflecting Uncertainty Without Flexibility -- 17.1 Modeling Uncertainty for the Multi-Asset Development Project -- 17.2 Generating Random Future Scenarios -- 17.3 Outcomes Reflecting Uncertainty for the Multi-Asset Development -- 17.4 Effect of Different Probability Inputs Assumptions -- 17.5 Conclusion -- Chapter 18 Project Start-Delay Flexibility: We Model the Value of the Most Basic and Widely Available Development Project Option -- 18.1 Project Start-Delay Option -- 18.2 Option Exercise Decision Rule -- 18.3 Defining "Profit" in the Decision Model -- 18.4 Value of Start-Delay Flexibility in the Garden City Project -- 18.5 Conclusion -- Chapter 19 Decision Rules and Value Implications: We Further Explore the Option to Delay the Project Start -- 19.1 Simple Myopic Delay Rule -- 19.2 Trigger Values -- 19.3 Value Implications of the Decision Rules -- 19.4 Effect of Trigger Values (Start or Delay Bias) -- 19.5 Review the Meaning of Flexibility Value -- 19.6 Conclusion -- Chapter 20 Modular Production Timing Flexibility: We Explore the Timing Option to Pause and Restart the Project Any Time After its Commencement -- 20.1 Modular Production Timing Flexibility -- 20.2 Modeling the Modular Production Option -- 20.3 Value of Modular Production Timing Flexibility -- 20.4 Effect of Trigger Values (Bias toward Pause or Continue) -- 20.5 Effect of Combining Start-Delay and Modular Production Delay Flexibility -- 20.6 Conclusion -- Chapter 21 Product Mix Flexibility: This Chapter Presents the Option to Change Product Mix, and Examines the Effect of Volatility on Option Value -- 21.1 Product Mix Flexibility -- 21.2 Modeling the Product Mix Option. 21.3 Value of Product Mix Flexibility -- 21.4 Effect of Combining Product Mix Flexibility and Timing Options -- 21.5 Effect of Correlation in the Product Markets on the Value of Product Mix Flexibility -- 21.6 Effect of Volatility on the Value of Flexibility -- 21.7 Conclusion -- Chapter 22 Project Phasing Flexibility: We Show How to Model and Evaluate the Delay Flexibility Inherent in Project Phasing -- 22.1 Modeling the Sequential Phase Delay Option -- 22.2 Modifying the Garden City Project Plan -- 22.3 Project Economics -- 22.4 The Delay Decision Model -- 22.5 Exploring the Value of Project Phasing Flexibility -- 22.6 Conclusion -- Chapter 23 Optimal Phasing: We Now look at Adding Phases, Delineating Phases, and Distinguishing them from Expansion Options -- 23.1 Effect of Increasing the Number of Phases -- 23.2 Principles for Optimal Phasing -- 23.3 What Is the Difference between a Phase and an Expansion Option? -- 23.4 Conclusion -- Chapter 24 Overall Summary: We summarize the Main Takeaway Points from this Book -- Appendix: Quantifying Real Estate Uncertainty: Let's Think about the Inputs for Real Estate Simulation Models -- A.1 The Real Estate System -- A.2 Sources of Uncertainty and Some Practical Advice for Simulation -- A.3 The Nature of Real Estate Price Dynamics and Uncertainty -- A.4 PuttingIt All Together -- Glossary -- Acronyms and Symbols -- Index -- EULA. |
| Record Nr. | UNINA-9910820998203321 |
|
Geltner David <1951->
|
||
| Hoboken, N.J., : Wiley Blackwell, 2018 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Mass appraisal methods [[electronic resource] ] : an international perspective for property valuers / / edited by Tom Kauko, Maurizio d'Amato
| Mass appraisal methods [[electronic resource] ] : an international perspective for property valuers / / edited by Tom Kauko, Maurizio d'Amato |
| Pubbl/distr/stampa | Chichester, U.K. ; ; Ames, Iowa, : Wiley-Blackwell, 2008 |
| Descrizione fisica | 1 online resource (360 p.) |
| Disciplina |
333.33/2
333.332 |
| Altri autori (Persone) |
KaukoTom
D'AmatoMaurizio |
| Collana | Real estate issues |
| Soggetto topico | Real property - Valuation |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-282-03437-5
9786612034374 1-4443-0102-0 1-4443-0103-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Mass Appraisal Methods; Contributors; Foreword; Preface; Abbreviations; 1Introduction: Suitability Issues inMass Appraisal MethodologyTom Kauko and Maurizio d'Amato; Part IMass Appraisal Practice andRecommendations; 2Data Issues Involved with theApplication of AutomatedValuation Methods: A Case StudyJohn F. Thompson, Jr; 3The Modified Comparable SalesMethod as the Basis for a PropertyTax Valuations System and itsRelationship and Comparison toSpatially Autoregressive ValuationModelsRichard A. Borst and William J. McCluskey
4Automated Valuation in the DutchHousing Market: TheWeb-Application 'MarktPositie'1Used by NVM-RealtorsDree Op 't Veld, Emma Bijlsma and Paulienvan de Hoef5Using Fuzzy Numbers in MassAppraisal: The Case of theBelarusian Property MarketMaurizio d'Amato and Nikolai Siniak; Part IICurrent Advanced Methods; 6Mass Appraisal, Hedonic PriceModelling and Urban Externalities:Understanding Property ValueShaping ProcessesFrançois Des Rosiers and Marius Thériault; 7Residuals Analysis forConstructing 'More Real' PropertyValueMałgorzata Renigier; 8The Hierarchical Trend ModelMarc K. Francke Part IIIEmerging Methods9Developing Mass Appraisal Modelswith Fuzzy SystemsMarco Aurélio Stumpf González; 10Utterly Unorthodox Modelling forthe Purposes of Mass Appraisal:An Approach Based on Patternsand JudgmentsTom Kauko; 11Rough Set Theory as PropertyValuation Methodology:The Whole StoryMaurizio d'Amato; Part IVComparison of Tools Using a Setof Specific Criteria 12Technical Comparison of theMethods Including Formal Testingof Accuracy and Other ModellingPerformance Using Own Data Setsand Multiple Regression AnalysisRichard A. Borst, François Des Rosiers,Małgorzata Renigier, Marco Aurélio StumpfGonzález, Tom Kauko and Maurizio d'Amato113Property Market Classification andMass Appraisal MethodologyMaurizio d'Amato and Tom Kauko; Part VConclusion; 14Automated Valuation Methods,Empirical Modelling of Value, andSystems for Market Analysis1Tom Kauko; Glossary; Index |
| Record Nr. | UNINA-9910145825503321 |
| Chichester, U.K. ; ; Ames, Iowa, : Wiley-Blackwell, 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Mass appraisal methods [[electronic resource] ] : an international perspective for property valuers / / edited by Tom Kauko, Maurizio d'Amato
| Mass appraisal methods [[electronic resource] ] : an international perspective for property valuers / / edited by Tom Kauko, Maurizio d'Amato |
| Pubbl/distr/stampa | Chichester, U.K. ; ; Ames, Iowa, : Wiley-Blackwell, 2008 |
| Descrizione fisica | 1 online resource (360 p.) |
| Disciplina |
333.33/2
333.332 |
| Altri autori (Persone) |
KaukoTom
D'AmatoMaurizio |
| Collana | Real estate issues |
| Soggetto topico | Real property - Valuation |
| ISBN |
1-282-03437-5
9786612034374 1-4443-0102-0 1-4443-0103-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Mass Appraisal Methods; Contributors; Foreword; Preface; Abbreviations; 1Introduction: Suitability Issues inMass Appraisal MethodologyTom Kauko and Maurizio d'Amato; Part IMass Appraisal Practice andRecommendations; 2Data Issues Involved with theApplication of AutomatedValuation Methods: A Case StudyJohn F. Thompson, Jr; 3The Modified Comparable SalesMethod as the Basis for a PropertyTax Valuations System and itsRelationship and Comparison toSpatially Autoregressive ValuationModelsRichard A. Borst and William J. McCluskey
4Automated Valuation in the DutchHousing Market: TheWeb-Application 'MarktPositie'1Used by NVM-RealtorsDree Op 't Veld, Emma Bijlsma and Paulienvan de Hoef5Using Fuzzy Numbers in MassAppraisal: The Case of theBelarusian Property MarketMaurizio d'Amato and Nikolai Siniak; Part IICurrent Advanced Methods; 6Mass Appraisal, Hedonic PriceModelling and Urban Externalities:Understanding Property ValueShaping ProcessesFrançois Des Rosiers and Marius Thériault; 7Residuals Analysis forConstructing 'More Real' PropertyValueMałgorzata Renigier; 8The Hierarchical Trend ModelMarc K. Francke Part IIIEmerging Methods9Developing Mass Appraisal Modelswith Fuzzy SystemsMarco Aurélio Stumpf González; 10Utterly Unorthodox Modelling forthe Purposes of Mass Appraisal:An Approach Based on Patternsand JudgmentsTom Kauko; 11Rough Set Theory as PropertyValuation Methodology:The Whole StoryMaurizio d'Amato; Part IVComparison of Tools Using a Setof Specific Criteria 12Technical Comparison of theMethods Including Formal Testingof Accuracy and Other ModellingPerformance Using Own Data Setsand Multiple Regression AnalysisRichard A. Borst, François Des Rosiers,Małgorzata Renigier, Marco Aurélio StumpfGonzález, Tom Kauko and Maurizio d'Amato113Property Market Classification andMass Appraisal MethodologyMaurizio d'Amato and Tom Kauko; Part VConclusion; 14Automated Valuation Methods,Empirical Modelling of Value, andSystems for Market Analysis1Tom Kauko; Glossary; Index |
| Record Nr. | UNINA-9910830767203321 |
| Chichester, U.K. ; ; Ames, Iowa, : Wiley-Blackwell, 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Mass appraisal methods : an international perspective for property valuers / / edited by Tom Kauko, Maurizio d'Amato
| Mass appraisal methods : an international perspective for property valuers / / edited by Tom Kauko, Maurizio d'Amato |
| Pubbl/distr/stampa | Chichester, U.K. ; ; Ames, Iowa, : Wiley-Blackwell, 2008 |
| Descrizione fisica | 1 online resource (360 p.) |
| Disciplina | 333.33/2 |
| Altri autori (Persone) |
KaukoTom
D'AmatoMaurizio |
| Collana | Real estate issues |
| Soggetto topico | Real property - Valuation |
| ISBN |
9786612034374
9781282034372 1282034375 9781444301021 1444301020 9781444301038 1444301039 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Mass Appraisal Methods; Contributors; Foreword; Preface; Abbreviations; 1Introduction: Suitability Issues inMass Appraisal MethodologyTom Kauko and Maurizio d'Amato; Part IMass Appraisal Practice andRecommendations; 2Data Issues Involved with theApplication of AutomatedValuation Methods: A Case StudyJohn F. Thompson, Jr; 3The Modified Comparable SalesMethod as the Basis for a PropertyTax Valuations System and itsRelationship and Comparison toSpatially Autoregressive ValuationModelsRichard A. Borst and William J. McCluskey
4Automated Valuation in the DutchHousing Market: TheWeb-Application 'MarktPositie'1Used by NVM-RealtorsDree Op 't Veld, Emma Bijlsma and Paulienvan de Hoef5Using Fuzzy Numbers in MassAppraisal: The Case of theBelarusian Property MarketMaurizio d'Amato and Nikolai Siniak; Part IICurrent Advanced Methods; 6Mass Appraisal, Hedonic PriceModelling and Urban Externalities:Understanding Property ValueShaping ProcessesFrançois Des Rosiers and Marius Thériault; 7Residuals Analysis forConstructing 'More Real' PropertyValueMałgorzata Renigier; 8The Hierarchical Trend ModelMarc K. Francke Part IIIEmerging Methods9Developing Mass Appraisal Modelswith Fuzzy SystemsMarco Aurélio Stumpf González; 10Utterly Unorthodox Modelling forthe Purposes of Mass Appraisal:An Approach Based on Patternsand JudgmentsTom Kauko; 11Rough Set Theory as PropertyValuation Methodology:The Whole StoryMaurizio d'Amato; Part IVComparison of Tools Using a Setof Specific Criteria 12Technical Comparison of theMethods Including Formal Testingof Accuracy and Other ModellingPerformance Using Own Data Setsand Multiple Regression AnalysisRichard A. Borst, François Des Rosiers,Małgorzata Renigier, Marco Aurélio StumpfGonzález, Tom Kauko and Maurizio d'Amato113Property Market Classification andMass Appraisal MethodologyMaurizio d'Amato and Tom Kauko; Part VConclusion; 14Automated Valuation Methods,Empirical Modelling of Value, andSystems for Market Analysis1Tom Kauko; Glossary; Index |
| Record Nr. | UNINA-9911020039803321 |
| Chichester, U.K. ; ; Ames, Iowa, : Wiley-Blackwell, 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||