The Handbook of Commercial Real Estate Investing: State of the Art Standards for Investment Transactions, Asset Management, and Financial Reporting

By John McMahan

Book Overview

A Codifying "Best Practices" Guide to Effectively Managing the Entire Real Estate Investment Process

The Handbook of Commercial Real Estate Investing delivers an authoritative "best practices" approach to the three major areas of the industry: investment transactions, asset management, and enterprise management. Skillfully written by John McMahan, a leader of the U.S. commercial real estate investment industry, The Handbook of Commercial Real Estate Investing presents state-of-the-art methods needed to successfully invest in and manage commercial properties such as office buildings, shopping centers, industrial buildings, apartments, and hotels.

Designed to codify the industry "best practices" encouraged by financial institutions, The Handbook of Commercial Real Estate Investing offers:

Complete guidelines for the critical "due diligence" stage of the investment processEffective asset management techniques for leasing, property management, and tenant relationsDetailed procedures for reporting to investors on the financial performance of the real estate portfolioInformation on using technology in the "due diligence" processA wealth of sample forms and checklists used in real estate investmentA valuable glossary of real estate investment terms

Authoritative and easy to use, The Handbook of Commercial Real Estate Investing will serve as a valuable strategic guide to managing the overall real estate investment process, as well as a "best practices" tool for improving each operating area.

• Format: Hardcover
• Language: English
• ISBN: 007146865X
• ISBN13: 9780071468657
• Release Date: May 2006
• Publisher: McGraw-Hill Companies
• Length: 400 Pages
• Weight: 1.64 lbs.
• Dimensions: 1.2" x 6.2" x 9.3"

Customer Reviews

This is top notch book about commercial real estate

This is a top notch book about commercial real estate. It covers topics such as value creation, demand drivers, underwriting, disposition, management, and due diligence. But for me what I liked about this book was the author's description of the major players such as life insurance companies, foreign investors, REITs, and pension funds. In addition, he describes different objectives that these players have. Individual investors have totally different reasons why they invest in real estate versus institutional players. For example, for years, pension fund managers have been investing mainly in traditional asset classes such as stocks and bonds. Now, with the change in demographics where people are living longer, these managers are looking for financial products that also generate current income with little appreciation. This is where real estate comes in. From my experience, institutional investors are not motivated the same way individuals are. For example, when individual investors sell their properties, they are trying to get top dollar, where institutional investors do not care as much. Their main concern is to look good in front of their bosses, board members, and shareholders. I highly recommend this book to serious real estate investors and professionals. - Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

covers many topics of ownership

For the well heeled reader interested in diversifying into real estate, McMahan gives many valuable guidelines. Covering topics like how to do due dlligence when scoping out a property, or how to have valid tenant leases that protect your interests. In both these examples, he suggests that you consult real estate professionals who specialise in such matters. In general, for many aspects of owning commercial real estate, you can find people who are qualified to perform these duties for a suitable fee.