Real Estate Capital Markets: Evolution, Structure, Participants explores the historical development, current structure, and future trends within the United States real estate capital sector. The book offers insight into the public and private real estate capital markets expansion and the pivotal moments shaping it, such as the recent global pandemic. It investigates structures like REITs, commercial mortgage-backed securities, collateralized loan obligations, and derivatives, focusing on their role and regulation in the market.
Applying the four quadrants to delineate between public and private equity and debt, the book provides a thorough framework for understanding real estate capital market dynamics. It covers pertinent topics such as debt instruments, valuation processes, and the impact of technological advancements like PropTech and blockchain.
Real Estate Capital Markets is ideal for both undergraduate and graduate-level courses in finance, real estate, architecture, urban planning, and investment, equipping students with comprehensive knowledge of the strategic underpinnings of the capital landscape in real estate. It is also ideal for industry professionals, as well as any reader who has an interest in real estate finance.