Comments on: The Handbook of Commercial Real Estate Investing: State of the Art Standards for Investment Transactions, asset Management, and Financial Reporting http://arizonahomeslist.com/415/the-handbook-of-commercial-real-estate-investing-state-of-the-art-standards-for-investment-transactions-asset-management-and-financial-reporting/ Sun, 14 Mar 2010 01:08:41 +0000 hourly 1 By: Mariusz Skonieczny http://arizonahomeslist.com/415/the-handbook-of-commercial-real-estate-investing-state-of-the-art-standards-for-investment-transactions-asset-management-and-financial-reporting/#comment-573 Mariusz Skonieczny Sat, 21 Nov 2009 09:11:48 +0000 http://arizonahomeslist.com/415/the-handbook-of-commercial-real-estate-investing-state-of-the-art-standards-for-investment-transactions-asset-management-and-financial-reporting/#comment-573 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. <br /> <br />- 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 Rating: 5 / 5 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
Rating: 5 / 5

]]> By: W Boudville http://arizonahomeslist.com/415/the-handbook-of-commercial-real-estate-investing-state-of-the-art-standards-for-investment-transactions-asset-management-and-financial-reporting/#comment-572 W Boudville Sat, 21 Nov 2009 07:57:50 +0000 http://arizonahomeslist.com/415/the-handbook-of-commercial-real-estate-investing-state-of-the-art-standards-for-investment-transactions-asset-management-and-financial-reporting/#comment-572 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. Rating: 4 / 5 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.
Rating: 4 / 5

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