scholarly journals International Real Estate Review

2021 ◽  
Vol 24 (2) ◽  
pp. 253-292
Author(s):  
Zhengzhen Tan ◽  
◽  
Siqi Zheng ◽  
Juan Palacios ◽  
Carl Hooks ◽  
...  
Keyword(s):  
Real Estate ◽  
Quantitative Research ◽  
Private Equity ◽  
Risk Mitigation ◽  
Emerging Market ◽  
Theoretical Models ◽  
Real Estate Investment ◽  
Firm Level ◽  
Building Conditions ◽  
Equity Funds

Our paper aims to examine the healthy building adoption patterns by first asking two critical questions that are relevant to the market conditions: What are healthy buildings? What is their financial value for tenants and owners? We then synthesize the existing academic and industry literature. We find some early evidence of a real estate price premium for specific indoor environment quality (IEQ) and design features. In terms of health-focused building certification systems (BCSs), no empirical and quantitative research has been done on the financial performance of healthy buildings, except for theoretical models. We then proceed to conduct interviews with executives of 15 real estate corporations across the globe to understand the perspectives of real estate owner operators and their strategies for this emerging market. The interviews results confirm that the scarcity of empirical evidence that links healthy building attributes to financial returns inhibits the adoption of healthy buildings in mainstream designs. Moreover, differences in the adoption patterns of healthy buildings are due to the building ownership structure at the firm level, tenants, end-users and building conditions. The strategies of firms in pursuing a healthy building range from risk mitigation to proactive pursuit of new growth opportunities. Private equity funds and real estate investment trust (REIT) firms tend to focus on risk mitigation, while direct real estate investment firms are more likely to carry out the latter to position themselves as a leader within the real estate industry.

Emerging Market Real Estate Investment

2010 ◽  
Author(s):  
David J. Lynn ◽  
Tim Wang
Keyword(s):  
Real Estate ◽  
Emerging Market ◽  
Real Estate Investment

Mieterhöhungsmaschinen

2018 ◽  
Vol 48 (191) ◽  
Author(s):  
Knut Unger
Keyword(s):  
Real Estate ◽  
Private Equity ◽  
Global Financial Crisis ◽  
Public Offerings ◽  
The Public ◽  
Fund Managers ◽  
Equity Funds ◽  
Private Equity Funds ◽  
The Global Financial Crisis ◽  
Automated Processes

The article describes the development of large listed landlords in Germany (like Vonovia SE) as a specific form of the financialization of housing. Since the end of the 1990s, large stocks of the fordistic and state-socialist housing infrastructures in Germany were sold to Private Equity Funds. After the German recovery from the global financial crisis the fund managers organized the exists through public offerings. Since then a heavy concentration process has taken place that reaches transnational dimensions. The author proposes to call this process “financialized industrialization of corporate housing business”. Integrated into global financial markets and using IT, the public listed real estate companies subjugate trade, facilitation, management, renting and production of housing to standardized financial calculations and automated processes. However, the “real subsumption” of tenants to real estate capital also gives rise to social protests and reclaims.

scholarly journals The effect of quality market research on the performance / profitability of real estate investment in emerging economies

2020 ◽  
Vol 8 (3) ◽  
pp. 139
Author(s):  
Nworah Joseph Chukwuma
Keyword(s):  
Real Estate ◽  
Market Research ◽  
Developing Economies ◽  
Emerging Market ◽  
Investment Decisions ◽  
Real Estate Market ◽  
Research Report ◽  
Real Estate Investment ◽  
Investment Performance

The ever increasing global competition among real estate investment organizations has it made imperative for industry players to continually invest in real estate market research to guide them in investment decisions. The quality of market research report provided by the market research professional/consultant is expected to reflect on the quality of outcome of investment decisions made by the investors ad invariably affects the marketability and profitability of the investment concerned. This study investigates the effect of quality market research on the marketability and profitability of real estate investment in developing economies taking Lagos-Nigeria, as case study. The study area is Lagos metropolis, southwestern Nigeria, chosen because of its strategic relevance in real estate investment, as emerging market. Research design is cross-sectional type which is descriptive and the study population consists of respondents who are real estate research consultants and real estate investors in the study area. Random sampling technique was applied and research instrument was closed and open-ended structured questionnaire and face-to interviews for the primary data; and Journals, textbooks, published articles and internet for secondary data. Data collected was analyzed using simple descriptive and statistical tools such as frequency distribution tables, charts, percentages, mean scores, pearson correlation, Analysis of variance (ANOVA) as well as Likert scale. The summary of the result of the data analysis shows that market research contributes immensely to the Property Investment Performance in major indices. The result also established healthy relationship between the quality of market research and real estate investment performance showing that the correlation coefficient of 0.240 significant at 10% level. Subsequently, the study recommended among other things, the establishment of data bank for all real estate performance indices; and real estate market research institute by the Federal Government of Nigeria.

scholarly journals Extracting rents through foreclosures: The rescue of Catalunya Banc as a new urban strategy following the burst of the Spanish bubble

2017 ◽  
Vol 21 (4) ◽  
pp. 151-159 ◽  
Author(s):  
Sònia Vives-Miró ◽  
Aaron Gutiérrez
Keyword(s):  
Real Estate ◽  
Private Equity ◽  
The Real Estate ◽  
Role Of The State ◽  
Equity Funds ◽  
Private Equity Funds ◽  
Mortgage Foreclosures ◽  
Urban Strategy ◽  
Spanish Model

AbstractUsing the paradigmatic example of Catalunya Banc, this paper analyses the Spanish varieties of the new financial engineering used to appropriate urban rent by home dispossession. It aims to contribute to the study of the new forms of financialization that have appeared since 2008. Particular attention is given to the role of the state, the emergence of private equity funds as global real estate owners and how this has translated into a wave of evictions due to mortgage foreclosures. In short, this article highlights the implications of the uneven development resulting from the exhaustion of the so-called Spanish model of accumulation during the real estate boom years.

Successor Private Equity Funds: Evidence from Non-Listed Real Estate Funds

2013 ◽  
Author(s):  
Siem Aarts ◽  
Andrew Baum
Keyword(s):  
Real Estate ◽  
Private Equity ◽  
Equity Funds ◽  
Private Equity Funds

Impediments to foreign real estate investment in an emerging market

2018 ◽  
Vol 36 (5) ◽  
pp. 479-494 ◽  
Author(s):  
Daramola Thompson Olapade ◽  
Timothy Oluwafemi Ayodele ◽  
Abel Olaleye
Keyword(s):  
Real Estate ◽  
Computer Literacy ◽  
Emerging Market ◽  
Primary Data ◽  
Property Market ◽  
Real Estate Investment ◽  
Content Type ◽  
Transaction Structure ◽  
Significant Difference ◽  
Market Transaction

Purpose The purpose of this paper is to examine the of characteristics of Lagos, Nigeria property market and its submarkets on the prism of the market practitioners’ characteristics, market transaction structure and market maturity. This is done with a view to provide information capable of improving the flow of foreign real estate investment to the Lagos property market. Design/methodology/approach Primary data were sourced through questionnaire administered on firms of property practitioners in the market. A total of 190 firms were selected using the stratified random sampling technique based on their geographical location. Descriptive statistics and Mann−Whitney U Test were employed for data analysis. Findings The results showed that the Lagos property market was characterised by practitioners whose highest level of education was majorly first degree, and with a mean computer literacy ranking of 3.38 on a five-point Likert scale. Also, major transactions in the market included letting and sales. The market maturity index of the market was 2.95 and therefore adjudged as an emerging market. The analysis also revealed that there was no significant difference in the characteristics of the submarkets. Practical implications The results of the study are capable of enhancing investment decision in the market. Originality/value The study differentiates itself from and adds to the previous studies on market characteristics through an examination of the property market on the prism of the market transaction structure, market practitioners’ characteristics and maturity of the market holistically in the context of an African emerging market.

scholarly journals The Effect of Quality Market Research on the Marketability and Profitability of Real Estate Investment in Emerging Economies

2019 ◽  
Vol 2 (2) ◽  
Keyword(s):  
Real Estate ◽  
Market Research ◽  
Developing Economies ◽  
Emerging Market ◽  
Investment Decisions ◽  
Real Estate Market ◽  
Research Report ◽  
Real Estate Investment ◽  
Investment Performance

The ever increasing global competition among real estate investment organizations has it made imperative for industry players to continually invest in real estate market research to guide them in investment decisions. The quality of market research report provided by the market research professional/consultant is expected to reflect on the quality of outcome of investment decisions made by the investors ad invariably affects the marketability and profitability of the investment concerned. This study investigates the effect of quality market research on the marketability and profitability of real estate investment in developing economies taking Lagos-Nigeria, as case study. The study area is Lagos metropolis, southwestern Nigeria, chosen because of its strategic relevance in real estate investment, as emerging market. Research design is cross-sectional type which is descriptive and the study population consists of respondents who are real estate research consultants and real estate investors in the study area. Random sampling technique was applied and research instrument was closed and open-ended structured questionnaire and face-to interviews for the primary data; and Journals, textbooks, published articles and internet for secondary data. Data collected was analyzed using simple descriptive and statistical tools such as frequency distribution tables, charts, percentages, mean scores, pearson correlation, Analysis of variance (ANOVA) as well as Likert scale. The summary of the result of the data analysis shows that market research contributes immensely to the Property Investment Performance in major indices. The result also established healthy relationship between the quality of market research and real estate investment performance showing that the correlation coefficient of 0.240 significant at 10% level. Subsequently, the study recommended among other things, the establishment of data bank for all real estate performance indices; and real estate market research institute by the Federal Government of Nigeria.

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