"This book is a comprehensive and insightful overview of
international real estate focusing on three of the BRICs: China,
India and Brazil. I was pleasantly surprised to find useful market
data and industry profiles for each of the countries that were very
consistent with my first hand experience. The book has a wealth of
information for the real estate investment analyst and practitioner
and will be very useful to those seeking guidance on what to expect
in emerging markets."
--Joseph F. Azrack, Managing Partner, Real Estate, Apollo Global
Management
"David Lynn has set the bar with respect to real estate
investment in the most compelling emerging markets. Lynn provides a
framework for thinking about highly dynamic markets characterized
by youthful populations, extraordinary demand, capital inefficiency
and, most importantly, aspiration. This book will enlighten
institutional investors and entrepreneurs alike. I look forward to
another work by David Lynn addressing the frontier markets."
--Gary R. Garrabrant, CEO & Co-Founder, Equity
International
An informed look at investing in emerging market real estate
Focusing primarily on private equity real estate investment in
China, India, and Brazil this reliable resource develops a general
approach to commercial real estate investment in emerging markets,
and illustrates some common strategies and analytical methods that
can be implemented within this arena.
Filled with in-depth insights and expert advice, "Emerging
Market Real Estate Investment" focuses on broad investment themes
and strategies as well as economic and legal/institutional factors,
rather than the minute details of local market analyses. Opening
with two informative chapters that provide an overview of the
fundamentals of commercial and international real estate
investment, this practical guide then moves on to the
country-specific chapters of China, India, and Brazil.Outlines
various real estate investment options and strategies for emerging
markets such as China, India, and BrazilDiscusses the main features
of each real estate market, including real estate foreign direct
investment (FDI)Analyzes several primary real estate sectors in
each country: office, retail, residential, industrial, and hotel
where applicable
Written with both institutional and private investors in mind,
"Emerging Market Real Estate Investment" will put you in a better
position to excel in emerging real estate markets.
Praise for "Emerging Market Real Estate Investment"
""Emerging Market Real Estate Investment" is written with a top
down strategic orientation. It presents an excellent overview for
US institutional investors planning to invest in offshore real
estate in general and emerging markets and China, India and Brazil
specifically. It covers all the key points my firm had to address
before investing in China. I wish it had been available
then."
--Robert H. Zerbst, Former Chairman & CEO, CB Richard Ellis
Investors
"This book does for international real estate what Samuelson's
primary "Economics" text did for economics students--it finally
provides a new discipline with its first Bible. As cross-border
real estate capital flows are on the rise, and investors
increasingly seek compelling risk-adjusted returns in emerging
markets, this book couldn't have come at a better time in the
market cycle. It is rich in content and filled with practical
insights"
--Kenneth A. Munkacy, Senior Managing Director, GID International
Group/GID Investment Advisers, LLC
"With American real estate in the doldrums, more investors will
be looking abroad. David and Tim's analysis of international real
estate investment, focused on three of the world's most dynamic
economies, provides exceptionally detailed knowledge concerning
what real estate markets are really like in China, India, and
Brazil. It is essential reading for investors considering those
markets."
--Anthony Downs, Senior Fellow, the Brookings Institution
"David Lynn and Tim Wang have written the 'must read' book for
all real estate investors in emerging Brazil, China and India. They
comprehensively cover the landscape of issues--economic, policy,
legal, markets, sectors, entry, exit and strategies. Of noted value
is their sanguine assessment of the risks and opportunities of
alternative strategies in each country. The first outlay for all
should be their book."
--Dr. Raymond G Torto, CRE, Global Chief Economist, CB Richard
Ellis
""Emerging Market Real Estate Investment" is a powerful tool for
those engaged in foreign investment generally, as well as in China,
India and Brazil in particular. It combines a broad general view of
competitive strategy with local detail on costs and legal aspects.
The book is an intelligent and practical guide to foreign real
estate investment."
--Bowen H. McCoy, CRE, Formerly Partner and Managing Director,
Morgan Stanley