Active Private Equity Real Estate Strategy 1st Edition

not what I expected from Fabozzi! clearly lost track of academics and moved to sell books

The advantage of having financial handbooks written by practitioners is that they tend to be considerably more practical than the books written by academics (as anyone who's ploughed through, say, Hull's books will appreciate).Lynn and his colleagues at ING Clarion know their products and markets, and know how to write clearly and concisely about them, to produce a very readable and useful guide - with surprising breadth given its brevity.My only reservation - and it's almost inevitable in any book which is an edited collection of research pieces, etc. - is that some parts are a trifle out of date, e.g., prospects for US hotel investment in 2008 in a book published in 2009. But that's a minor point.Strongly commended and recommended.

As a long time multifamily investor, this is a really poor written book for anyone who is not an elementary investor. I'm reading this 2 years past its publication date, and while I understand we're in unprecedented times, I believe that good books have lessons that are timeless. The entire first half of the book was full of poor foresight, and pointless if you're a veteran in the commercial real estate industry. The second half of the book was more interesting, but still did little to highlight the innards of CRE PE. Wasteful...

This is a comprehensive view of investment strategy development, compiled in numerous articles over time, within the ING Clarion organization. Focusing on several important components of the strategy development process, scenario analysis, econometric forecasting, modern portfolio theory, macroeconomic projections, and empirical market and real estate sector research, the authors look across the spectrum of possible real estate investments under changing conditions. I am particularly impressed as this volume was compiled by papers written during period just prior to and during the onset of the Great Recession and, as such, “reflect(s) an evolution of thinking on subjects, as demanded by the changing macroeconomic and market conditions (during) a particularly dynamic period.” Working in a similar environment during that time, I can especially appreciate the material, as my firm was conducting similar analyses during that time, developing new strategies, and reevaluating the economic situation and property markets. Highly valuable to any analyst, researcher, investor, or client is, naturally, modeling the economy and evaluating any expected (or unexpected) effects on specific commercial real estate sectors as well as the industry as a whole. Lynn and his team complete the task admirably, with great skill and strong “thought leadership.” It is truly an excellent resource for anyone interested in real estate investment and is terrific background reading for researchers and strategists in the industry.

As a private equity real estate investment professional, I strongly recommend this book in which the author applies time-tested investment frameworks and theories from finance and economics to real estate (which has long been viewed as a pure "people business"). Meanwhile, many institutional real estate investors have not adopted a systematic investment processes and procedures as the industry has long considered real estate as the most distanced "nephew" from disciplined investment approach. However, this book provides fresh looks into the investment strategy and the best part, portfolio analysis and forecasting tools that are crucial to understand the "herd mentality" that exists in the markets. It also provides actionable guidance for real estate investors to outperform in the long-run which is also invaluable.

As a long time real estate investor in both up and down markets, I was pleased to find such an informative book detailing today's real estate market in a concise and practical way. So many people I have talked to really have no clue what the future holds in real estate, because they have no foundation in the fundamentals. After reading this book thoroughly, many of what I considered instincts about real estate, was clearly outlined in a systematic approach which is clearly useful in this fluctuating and uncertain market. The book is well written, easy to read and most important of all, contains valuable methods and trends to look for in order to capitalize on forthcoming real estate opportunities. Highly recommended for real estate investors looking to create wealth the old fashion way.

Active Private Equity Real Estate Strategy (Frank J. Fabozzi Series)This book is a must read for all levels of real estate investors. The analysis provided are thorough, insightful, and succint. It provides the readers with a deeper understanding of the industry and methodology to forecast future opportunities.