New frontiers in real estate finance: the rise of micro markets
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
London
Routledge
2021
|
| Schriftenreihe: | Routledge studies in international real estate
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | xxiv, 193 Seiten Illustrationen |
| ISBN: | 9780367361433 9781032009667 |
Internformat
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents List of boxes List of figures List of appendices Acknowledgements Introduction 1 The factorisation of commercial real estate: factor-based real estate derivatives Introduction: a brief history of real estate derivatives 1 1 Factors versus indices 3 1.1 Models of derivatives and real estate risk 3 1.2 Factor hedges 6 1.3 Pending issues with factor hedges 9 2 Factorisation: a nuclear approach in real estate finance 10 2.1 Factors in commercial real estate analysis: epistemological foundation of factorisation 10 2.2 Factors in finance: an etymological approach 14 2.3 Factors in financial risk management 15 2.4 Factors in real estate finance 19 2.5 Synthesis: bottom-up versus top-down approaches to factors in commercial real estate 32 3 Risk models and price dynamics in commercial real estate 33 3.1 Hoag’s (1980) model of commercial real estate 35 3.2 Lecomte’s (2007) genetics-based risk model of commercial real estate 37 3.3 Price dynamics in commercial real estate 49 4 Markets for trading factoT based real estate derivatives 55 4-1 Theoretical background and challenges 55 4-2 Cash-settled market for factor derivatives 57 4-3 Market for hedging effectiveness 60 4-4 Market for property avatars 64 ix xi xiii xv xvii 1
viii 2 Contents The digitalisation of commercial real estate: smart space as real estate finance’s new asset 78 Introduction: the emergence of smart space 78 1 Pricing models of smart buildings in smart environments 81 1.1 Smart buildings as interactions 81 1.2 Hedonic pricing model of smart buildings based on smart space’s layered structure 82 1.3 Activity-based hedonic pricing model of smart buildings 85 1.4 Defining utility in smart real estate: decision or experienced? 87 2 Property rights in smart environments: the advent of digital rights for smart buildings 90 2.1 The advent of digital rights for smart buildings 91 2.2 Economic foundations of digital rights in smart buildings 102 2.3 Technolbgies empowering digital rights and their impact on the real estate sector’s digital strategies 122 3 Questions around space users’ digital surrounding worlds (Umwelts) 126 3 The tokenisation of commercial real estate: tokens as a new tool in financial engineering applied to real assets 134 Introduction: behind the hype 134 1 Basic principles of tokenisation 135 1.1 Tokenisation 101 135 1.2 Token taxonomy: security, utility, and hybrid tokens 137 2 Single real estate asset tokenisation: a critical analysis 140 2.1 Potential benefits and challenges of single asset tokenisation 141 2.2 Conceptual contribution of single asset tokenisation to real estate finance 146 3 Suggested applications of tokenisation in real estate finance 148 3.1 Index tokenisation 148 3.2 Utility tokens for smart real estate: data tokens 151 Final remarks Appendices Index 157 159 191
|
| adam_txt |
Contents List of boxes List of figures List of appendices Acknowledgements Introduction 1 The factorisation of commercial real estate: factor-based real estate derivatives Introduction: a brief history of real estate derivatives 1 1 Factors versus indices 3 1.1 Models of derivatives and real estate risk 3 1.2 Factor hedges 6 1.3 Pending issues with factor hedges 9 2 Factorisation: a nuclear approach in real estate finance 10 2.1 Factors in commercial real estate analysis: epistemological foundation of factorisation 10 2.2 Factors in finance: an etymological approach 14 2.3 Factors in financial risk management 15 2.4 Factors in real estate finance 19 2.5 Synthesis: bottom-up versus top-down approaches to factors in commercial real estate 32 3 Risk models and price dynamics in commercial real estate 33 3.1 Hoag’s (1980) model of commercial real estate 35 3.2 Lecomte’s (2007) genetics-based risk model of commercial real estate 37 3.3 Price dynamics in commercial real estate 49 4 Markets for trading factoT'based real estate derivatives 55 4-1 Theoretical background and challenges 55 4-2 Cash-settled market for factor derivatives 57 4-3 Market for hedging effectiveness 60 4-4 Market for property avatars 64 ix xi xiii xv xvii 1
viii 2 Contents The digitalisation of commercial real estate: smart space as real estate finance’s new asset 78 Introduction: the emergence of smart space 78 1 Pricing models of smart buildings in smart environments 81 1.1 Smart buildings as interactions 81 1.2 Hedonic pricing model of smart buildings based on smart space’s layered structure 82 1.3 Activity-based hedonic pricing model of smart buildings 85 1.4 Defining utility in smart real estate: decision or experienced? 87 2 Property rights in smart environments: the advent of digital rights for smart buildings 90 2.1 The advent of digital rights for smart buildings 91 2.2 Economic foundations of digital rights in smart buildings 102 2.3 Technolbgies empowering digital rights and their impact on the real estate sector’s digital strategies 122 3 Questions around space users’ digital surrounding worlds (Umwelts) 126 3 The tokenisation of commercial real estate: tokens as a new tool in financial engineering applied to real assets 134 Introduction: behind the hype 134 1 Basic principles of tokenisation 135 1.1 Tokenisation 101 135 1.2 Token taxonomy: security, utility, and hybrid tokens 137 2 Single real estate asset tokenisation: a critical analysis 140 2.1 Potential benefits and challenges of single asset tokenisation 141 2.2 Conceptual contribution of single asset tokenisation to real estate finance 146 3 Suggested applications of tokenisation in real estate finance 148 3.1 Index tokenisation 148 3.2 Utility tokens for smart real estate: data tokens 151 Final remarks Appendices Index 157 159 191 |
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| illustrated | Illustrated |
| index_date | 2024-07-03T17:40:42Z |
| indexdate | 2024-07-10T09:09:57Z |
| institution | BVB |
| isbn | 9780367361433 9781032009667 |
| language | English |
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| spelling | Lecomte, Patrick Verfasser aut New frontiers in real estate finance the rise of micro markets Patrick Lecomte London Routledge 2021 xxiv, 193 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier Routledge studies in international real estate Includes bibliographical references and index Derivat Wertpapier (DE-588)4381572-8 gnd rswk-swf Immobilienanlage (DE-588)4120474-8 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Digitalisierung (DE-588)4123065-6 gnd rswk-swf Real property / Finance Financial instruments Immobilienanlage (DE-588)4120474-8 s Finanzierung (DE-588)4017182-6 s Derivat Wertpapier (DE-588)4381572-8 s Digitalisierung (DE-588)4123065-6 s b DE-604 Erscheint auch als Online-Ausgabe 978-0-429-34414-5 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032761598&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lecomte, Patrick New frontiers in real estate finance the rise of micro markets Derivat Wertpapier (DE-588)4381572-8 gnd Immobilienanlage (DE-588)4120474-8 gnd Finanzierung (DE-588)4017182-6 gnd Digitalisierung (DE-588)4123065-6 gnd |
| subject_GND | (DE-588)4381572-8 (DE-588)4120474-8 (DE-588)4017182-6 (DE-588)4123065-6 |
| title | New frontiers in real estate finance the rise of micro markets |
| title_auth | New frontiers in real estate finance the rise of micro markets |
| title_exact_search | New frontiers in real estate finance the rise of micro markets |
| title_exact_search_txtP | New frontiers in real estate finance the rise of micro markets |
| title_full | New frontiers in real estate finance the rise of micro markets Patrick Lecomte |
| title_fullStr | New frontiers in real estate finance the rise of micro markets Patrick Lecomte |
| title_full_unstemmed | New frontiers in real estate finance the rise of micro markets Patrick Lecomte |
| title_short | New frontiers in real estate finance |
| title_sort | new frontiers in real estate finance the rise of micro markets |
| title_sub | the rise of micro markets |
| topic | Derivat Wertpapier (DE-588)4381572-8 gnd Immobilienanlage (DE-588)4120474-8 gnd Finanzierung (DE-588)4017182-6 gnd Digitalisierung (DE-588)4123065-6 gnd |
| topic_facet | Derivat Wertpapier Immobilienanlage Finanzierung Digitalisierung |
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