ChapterPDF Available


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.
2012, 2012, XIV, 298 p. 70 illus.
Printed book
79,95€ | £72.00 | $109.00
*85,55€(D) | 87,95€(A) | CHF106.50
Available from libraries offering
Springer’s eBook Collection, or
for individual purchase via online
A free preview is available on
Printed eBook exclusively
available to patrons whose
library offers Springer’s eBook
€ | $ 24.95
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
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..
Order online at or for the Americas call (toll free) 1-800-SPRINGER or email us at: orders- For outside the Americas call +49 (0) 6221-345-4301 or email us at:
The first € price and the £ and $ price are net prices, subject to local VAT. Prices indicated with * include VAT for books; the €(D) includes 7% for
Germany, the €(A) includes 10% for Austria. Prices indicated with ** include VAT for electronic products; 19% for Germany, 20% for Austria. All prices
exclusive of carriage charges. Prices and other details are subject to change without notice. All errors and omissions excepted.
*** Regional restrictions apply.
ResearchGate has not been able to resolve any citations for this publication.
Full-text available
he new and updated edition of this widely-used textbook is equally useful for undergraduate and graduate students of international business. Its student-friendly format, detailed coverage of classic and timely topics, and extensive use of case studies make it widely adaptable for different level courses, as well as for educators who prefer either a case study or lecture approach. This edition features new coverage of the Asian financial crisis and the European Union. Its treatment of such topics as foreign exchange, international trade policy, and economic development introduces students to techniques for analyzing national economies that are not covered in many competing texts. Ethical and environmental issues are also covered in detail, and all case studies, tables and figures have been thoroughly revised and updated. Each chapter includes a short case study, while longer, more complex case studies conclude the text. Each chapter also features learning objectives, discussion questions, and references, and online Instructor's Material with PowerPoint teaching slides are available to professors who adopt the text.
This article looks at the link between the need for the pursuit of cost advantages via labor arbitrage on one hand, and the need for continued learning and sustainable competitive advantage on the other. We first define outsourcing and off-shoring and then provide a review of the primary elements of the first wave of outsourcing. We then turn to discussing some proactive mechanisms that national governments should consider to counter the short-term impacts concomitant with the first wave of outsourcing of jobs offshore. Finally, we discuss the next steps that firms need to consider in the ever-changing landscape of international competition.
http:// www. frbdiscountwindo w. org/ historicalrates. cfm? hdrID= 20%26dtlID
  • Federal Reserve Website
Real estate investment decision making
  • A J Jaffe
  • C F Sirmans
  • AJ Jaffe