The book is a comprehensive guide to understand and mitigate all forms of physical investment risk in commercial real estate transactions - including acquisitions, loans and Wall Street securitized products. No other text before has approached this vast and diverse subject. In addition, the book provides insights that will improve operational efficiency, and increase tenant satisfaction and cash flow. It includes topics ranging from recognizing "investment grade features that generate success" to successfully implementing operational improvements, such as power management strategies, and guaranteed energy saving agreements that really work. Readers discover physical investment parameters that can maximize operating income and tenant satisfaction plus scores of insights into managing durability and obsolescence issues to your economic advantage.
This practical, step-by-step guide offers advice on how to minimize the risk of unplanned maintenance and repairs, improve the operational environment, and attract and retain quality tenants. It describes how to reduce all forms of physical investment risk, reduce operating expenses, spotlight your successes, and pocket the proceeds. Best of all, it provides the keys for doing it all very economically-oftenfor free. What further separates this book apart from any other is that it shows how to assure that your investment properties will outdistance the competition. It dissects the Physical Realm within the context of investment risk issues of importance to buyers, owners, lenders and other investors in commercial real estate products. Loaded with idea generators, example situations, and checklists, this hands-on manual saves readers valuable time and expensive consultant fees. It provides a step-by-step guide to performing a thorough inspection of a property along with all of the major regulatory issues you need to know at your fingertips. It provides templates to establish or upgrade physical investment guidelines and explains reasons for and how to spot premature deterioration - and Much, Much More! It concludes with an Appendix designed exclusively to meet the interest and needs of real estate executives in determining the effectiveness of their organization and another that provides specific guidance toa non-technical manager of technical staff. The hardcover book is handsomely and ruggedly bound and sized at 6" x 9" x 1-1/2" thick to fit into a briefcase for convenient reference during travel.
The book connects physical and financial issues in ways that generate success in:
Hotels - Luxury, Convention & Resort, Business (Downtown, Airport and Suburban), Extended Stay, Budget and Suite Hotels - Including FF & E Issues.
Offices - High-Rise, Low-Rise, Single Story.
Apartments - Garden, Low-Rise, Mid-Rise, High-Rise.
Shopping Centers - Neighborhood Centers, Community Centers, Regional Malls, and Power Centers.
Warehouses, Industrials and Flex-Spaces.
Senior Living Facilities - Independent Living Facilities and Assisted Living Facilities.
Affordable Housing Projects - Low-Income Housing Tax Credit Program, Section 42 of the Internal Revenue Code
Anyone involved in commercial real estate, whether in mortgage lending, construction lending, participating loans, commercial mortgage backed securities (CMBS), property acquisition, ownership, or management, will benefit from this book. This includes technical representatives - engineers - architects - non-technical managers of technical personnel - chief investment officers - pension fund managers - property developers - property owners - property managers. Colleges offering real estate courses and curricula will find this book a fine complement to traditional real estate business topics. Architectural and engineering schools may wish to utilize this book as a basis for establishing a curriculum on conducting physical due diligence, as the credentials and skills necessary to conduct physical due diligence presently are not offered in any one curriculum though the workforce engaged in this business is large and growing. The book includes a Comprehensive Subject Index and References along with thoughtful headers to assist in orienting the reader to the subject matter. Это и многое другое вы найдете в книге Secure Commercial Real Estate: The Investors Guide to Control the Physical Realm (Stephen M. Vukovich)