The explosive growth of the BRIC countries has created massive real estate markets. These markets contain tremendous investment opportunities and risks. This new book is the first and most comprehensive, practical guide to managing key real estate investment risks in Brazil, Russia, India and China. Through a step-by-step analysis of key risks in each of the BRIC markets and how those risks can be managed, the book will help those new to emerging markets as well as experts spot potential pitfalls in advance, create and implement a robust risk management strategy and improve risk-adjusted returns.

Readers will gain the ability to apply a powerful risk management approach in the real estate context. The book provides comprehensive overviews of:

(i) real estate actors, markets and investments from a risk management perspective

(ii) real estate investment risks at the country, investment structure, relationship and project levels

(iii) real estate investment management perspectives and techniques

Readers will also gain deep insights into many important current trends that affect BRIC real estate investments. The book provides an overview of key current issues affecting the residential, office, retail and hotel sectors in each of the BRIC countries. These issues include economic, political and social issues, regulatory reforms and legal developments.

From reading this book you will gain a clear understanding of many BRIC real estate investment risks. The book sets forth hundreds of risks or risk-related issues in each of the BRIC countries at the country, investment structure, relationship and project levels. At the end of reading this book, the reader will gain the ability to manage risks at the country, investment structure, relationship and project levels.

While the BRIC countries present numerous real estate investment opportunities, they contain numerous risks which can negatively affect investment returns. The institutions/individuals above should buy the book because it will help them systematically identify and manage key BRIC real estate investment risks.

Benefits

- Readers will gain the ability to apply a powerful risk management approach in the real estate context. The book provides comprehensive overviews of: (i) real estate actors, markets and investments from a risk management perspective; (ii) real estate investment risks at the country, investment structure, relationship and project levels; and (iii) real estate investment management perspectives and techniques

- Readers will gain deep insights into many important current trends that affect BRIC real estate investments. The book provides an overview of key current issues affecting the residential, office, retail and hotel sectors in each of the BRIC countries. These issues include economic, political and social issues, regulatory reforms and legal developments.

- Readers will gain a clear understanding of many BRIC real estate investment risks. The book sets forth hundreds of risks or risk-related issues in each of the BRIC countries at the country, investment structure, relationship and project levels.

- Readers will gain the ability to manage risks at the country, investment structure, relationship and project levels.

Scope

- Structured approach. The book develops a robust risk analysis framework at the country, investment structure, relationship and project levels and applies it to each of the BRIC countries.

- Practical focus. In addition to comprehensive analysis of each of the BRIC markets, the book provides checklists, hundreds of questions and real estate risk management tips to assist with the risk management process.

- Wide professional input. In addition to the authors experience, the book includes results of numerous interviews with real estate professionals in the BRIC markets.

- Special Ground View feature. Each chapter contains a Ground View section which introduces many cutting edge concepts that can potentially be applied to real estate risk management, such as index construction for risk discovery, real estate exit risk analysis, bankruptcy remoteness in the emerging market context and quantifying operational risk.

- Easy to Read — To illustrate points, the book contains numerous tables and charts.

Key features

There is very little information available on BRIC real estate risk and risk management. This book uniquely fills that gap. It is the first comprehensive analysis of BRIC real estate investment risk in print. The book stands out for its thoroughness and practical approach

- The book systematically develops, and applies, a unique real estate risk management framework that analyzes risks at the country, investment structure, relationship and project levels

- The book is extremely comprehensive and identifies numerous risks and risk-related issues that investors and their advisors should be aware when analyzing, structuring and executing real estate investment opportunities

- The book will be able to substantially assist numerous investors and their advisors improve their real estate analysis and risk management processes

Target Market

The book should be read by:

(i) institutions who are interested in real estate investment in any of the BRIC countries

(ii) persons at these firms involved with real estate investment

(iii) their various advisors.

Institutions that would be interested in real estate investment in the BRIC countries include:

- Mutual funds with focus on any of the BRIC countries

- REITS with focus on any of the BRIC countries

- Exchange Traded Funds with focus on any of the BRIC countries

- Real estate private equity funds with focus on any of the BRIC countries

- Hedge funds that make real estate investments in any of the BRIC countries

- Investment bank real estate research and investment departments

- Insurance companies with real estate portfolios in any of the BRIC countries

- Pension funds with real estate investments in any of the BRIC countries

- Real estate brokerage firms

- Property management firms

- Designers/architects/construction companies looking to expand in any of the BRIC countries

- Companies in all real estate sectors that purchase properties for self-use in any of the BRIC countries (i.e. retailers, warehouse operators and hotel operators)

- Banks that engage in real estate-based lending in any of the BRIC countries

- Libraries of graduate real estate programs

- Libraries of MBA programs with risk management/real estate focus

- Libraries of law schools

- Professional organizations with a real estate focus (ULI, NAREIT, etc)

- Firms that provide real estate analytics for clients that invest in any of the BRIC countries (Real Analytics, SNL Financial, etc.)

Individuals at these institutions who would be interested in reading the book include:

- Persons involved in setting investment strategy (Executives, Managing Directors, Chief Financial Officers)

- Persons involved in risk management (risk management officers, compliance individuals)

- Persons involved in investment execution (deal originators, investment structuring teams, investment execution teams, asset management and property management teams)

Advisors that would be interested in purchasing the book include:

- Law firms that have offices in or advise clients in any of the BRIC countries.

- Accounting/tax firms that have offices in or advise clients in any of the BRIC countries.

- Real estate valuation firms that have offices in or advise clients in any of the BRIC countries. SHOW LESS READ MORE >

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