The book is split into three parts, each focusing mainly on direct commercial property: The characteristics of the various asset classes in the investment background The analyses necessary to develop a property portfolio strategy An ...
This new edition retains the practical approach - which has proved so popular with students and practitioners alike - and emphasizes the need for a strategic plan in property management as well as for efficient day-to-day practices.
... investments are the ongoing management obligations. The challenges of managing property assets include collecting rents, dealing with repairs and refurbishments, marketing when there are voids and negotiation of lease terms and rent reviews ...
This is then developed further through extensive use of five in-depth case studies that covers a wide variety of property types and property users – Borders bookshops; Cancer Research high street shops; The Youth Hostel Association; ...
... reviews have meant that income from property investments has rarely fallen ... arise in the calculation of a property's yield . Unlike an investor in ... management costs . The liability of an investor to pay such periodic expenses ...
... arise cases of overage. Overage means that the rent passing is higher than the rack-rental in the market. This can arise in two particular cases. First, where the rent passing is greater than the rent on a normal rent review because of ...
... arise when constructing a cash flow . The inputs can be categorized as ( i ) ... management , rent review , purchase and sale costs ; and any contractually ... reviews . Estimation of a capital return depends upon the timing of a sale ...
... management, rent review, purchase and sale costs; and any contractually agreed income or outflows known with some certainty. Forecast data includes expected rental value changes, redevelopment or refurbishment (capital expenditure) ...
... Investment Risks Most of the discussion above has been framed in terms of ... arise from investment in unfamiliar locations , and management difficulties ... Reviews of relevant literature can be found in Hoesli and MacGregor ( 2000 ) ...
... Reviews of Current and Future Investment Strategy A process of review would ... arise from restructuring the fund's stock characteristics. The fund manager may propose a new strategy for the portfolio which ... Property Portfolio Management.