Understanding Private Real Estate

An expert introduction to the fund and asset lifecycles. PERE's best selling publication Understanding Private Real Estate is written by leading experts in the industry and gives all practitioners in private real estate a unique 360-degree view of how the asset class works and why. The publication will help you to develop a clear understanding of the mechanics and processes involved at each key stage in the fund and asset lifecycles including: raising a private real estate fund and successfully sourcing capital from investors; methods employed to value real estate assets and how to exit an.

Cover; Title; Copyright; Contents; Figures and tables; Introduction; 1 Private real estate: A global overview of the asset class; By Charles Conrath, J.P. Morgan Asset Management and Kasia Sielewicz, DTZ; Introduction; Size of the market; The four quadrants; Investment risks; Investment styles; Fund structures; Future trends; 2 Investing in real estate: Navigating market cyclicality; By Alan Patterson, AXA Real Estate Investment Managers; Polarised investment markets: regional analysis; Office yield patterns: key business conurbations; Prime property; Secondary property.

Trends in rental values by sectorOutlook: 2012 and beyond; 3 Sourcing capital for a private real estate fundraise; By Lori Campana, Monument Group; Introduction; Roles of constituent parties; Choosing the best fundraising strategy; Sourcing capital: an eight-step guide; Best practice fund structuring; Conclusion; 4 Financing the investment: The capital structure; By Andrew Yoon and Sonny Kalsi, GreenOak Real Estate; Debt; Equity; Risk and reward: impact of leverage on equity returns; Capital distribution; 5 The appraisal process; By Ollie Saunders, Drivers Jonas Deloitte; Introduction.

Purpose of appraisalsThe a…