Risk Analysis

Abstract

In this chapter, the various forms of risk in real estate investment will be described. These forms of risk will be outlined in light of the recent financial crisis. The chapter discussion will elucidate various statistical analyses that the individual investor can perform in quantifying the level of risk in a particular property. As a component of risk analysis, the concept of leverage will be discussed. The internal rate of return (IRR) will be revisited in the context of risk determination. The chapter will conclude with discussion of risk measurement from the perspective of the lender.

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2012, 2012, XIV, 298 p. 70 illus.
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G.J. Goddard, Investment Real Estate, Winston-Salem, NC, USA; B. Marcum, Wake Forest
University, Winston-Salem, NC, USA
Real Estate Investment
A Value Based Approach
▶Combines practical relevance with mathematical rigor
▶Highly relevant and useful for both students, professionals and small
investors
▶Focuses on commercial properties
This book fills a gap in the existing resources available to students and professionals
requiring an academically rigorous, but practically orientated source of knowledge about
real estate finance. Written by a bank vice-president who for many years has practiced
as a commercial lender and who teaches real estate investment at university level, and
an academic whose area of study is finance and particularly valuation, this book will lead
readers to truly understand the fundamentals of making a sound real estate investment
decision. The focus is primarily on the valuation of leased properties such as apartment
buildings, office buildings, retail centers, and warehouse space, rather than on owner
occupied residential property..
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