Preface -- 1 Real Estate Investing After the Fall -- 2 Real Estate Finance: Notes, Mortgages, and Payment Structures -- 3 Finance and Real Estate Valuation -- 4 Real Estate Valuation -- 5 The Anatomy of a Lease -- 6 Risk Analysis -- 7 Taxation in Investment Real Estate -- 8 Investing in...

Jaroslaw Morawski offers a practicable and theoretically well-founded solution to the problems encountered when investing in illiquid assets and develops a model of the liquidation process for this category of investments. The result is a coherent investment decision framework designed...

Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross-sectional variation in equity returns. He shows that an...