William B. Brueggeman,
Southern Methodist University Jeffrey D. Fisher,
Indiana University
ISBN: 0073377333 Copyright year: 2011
Retained Features
Extensive use of Excel spreadsheets: Extensive use of Excel spreadsheets helps students perform analysis and solve problems. Real Estate Finance and Investments comes with access to Excel templates tied closely to both the exhibits and to many of the end of chapter problems. Excel exhibits and end of chapter questions tied to these templates are marked in the text with a distinctive icon.
ARGUS Valuation DCF: The preface of the text contains instructions on how professors and their students can obtain access to the educational version of ARGUS Valuation DCF. ARGUS is a software program that allows for complicated lease analysis using up to three leases. The end-of-chapter problems for various chapters pertaining to leases have been replicated along with data files to be ARGUS compatible, providing the opportunity for students to work within this system to solve these problems.
Internet integration: The book offers substantial Internet integration, with the inclusion of Internet exercises and many URLs that help students find and use the vast amount of information available on the web.
Student-friendly pedagogical features: This edition continues to include many student-friendly pedagogical features, one such being boxes with calculator solutions. Traditional table solutions are also shown in the early chapters to aid in the understanding of the time-value of money.
Relevance to the recent economic crisis: The text emphasizes the importance of understanding the underlying economic factors that affect the value of properties. This is important because the factors that affect the supply and demand for different property types are very dynamic and ultimately affect the risk and value of residential and commercial properties.
Strong and thorough coverage of corporate real estate: This edition continues to present strong and thorough coverage of corporate real estate, including lease versus own analysis, sale and leaseback decisions, and the role of real estate in corporate restructuring.
Short readings and illustrations: To better relate concepts and techniques presented in the real world, many short readings and illustrations are based on current events in real estate finance and investments.
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2011 McGraw-Hill Higher Education