The Handbook of Commercial Real Estate Investing: State of the Art Standards for Investment Transactions, asset Management, and Financial Reporting
[Backcover}A Codifying &#8220;Best Practices&#8221; Guide to Effectively Managing the Entire Real Estate Investment ProcessThe Handbook of Commercial Real Estate Investingdelivers an authoritative &#8220;best practices&#8221; approach to the three major areas of the industry: investment transactions, asset management, and enterprise management. Skillfully written by John McMahan, a leader of the U.S. commercial real estate investment industry, The Handbook of Commercial Real Estate Investing presents state-of-the-art methods needed to successfully invest in and manage commercial properties such as office buildings, shopping centers, industrial buildings, apartments, and hotels.Designed to codify the industry &#8220;best practices&#8221; encouraged by financial institutions,The Handbook of Commercial Real Estate Investingoffers:Complete guidelines for the critical &#8220;due diligence&#8221; stage of the investment processEffective asset management techniques for leasing, property management,    and tenant relationsDetailed procedures for reporting to investors on the financial    performance of the real estate portfolioInformation on using technology in the &#8220;due diligence&#8221; processA wealth of sample forms and checklists used in real estate investmentA valuable glossary of real estate investment termsAuthoritative and easy to use,The Handbook of Commercial Real Estate Investingwill serve as a valuable strategic guide to managing the overall real estate investment process, as well as a &#8220;best practices&#8221; tool for improving each operating area.Flap CopyThe Handbook of Commercial Real Estate Investingoffers a comprehensive &#8220;best practices&#8221; approach to commercial real estate investment, designed to minimize adverse consequences and standardize the real estate investment process.John McMahan, the veteran real estate investment advisor, expertly demystifies the commercial real estate investment process, describing how values are created and presenting the tools needed to be a successful real estate investor.The author explains the meaning of &#8220;best practices&#8221; within the context of the real estate industry, and stresses the importance of understanding investor objectives. He also discusses the characteristics of various property types, the fiduciary obligations involved, and post-closing problems to be avoided.The Handbook of Commercial Real Estate Investingconcentrates on best practice standards in the three main areas of commercial real estate: investment transactions, asset management, and enterprise management, providing in-depth coverage of the crucial topics within each area:Investment Transactions_shows how to perform a complete &#8220;due    diligence&#8221; evaluation, detailing the physical, legal, and business aspects of the process, as well as cash flow analysis, negotiating agreements, underwriting, and closingAsset Management_examines the application of &#8220;best practices&#8221; in    leasing, property management, tenant relations, and financial reporting, with emphasis on delivering a high level of customer service to maintain and increase property cash flowEnterprise Management-provides a roadmap to critical enterprise growth issues such as building leadership, strategic planning, market positioning, risk management, and corporate governanceA complete, one-stop reference,The Handbook of Commercial Real Estate Investingfeatures two Appendices: one on applying technology to the real estate investment process, particularly due diligence on prospective investment assets; the other containing numerous sample documents associated with real estate investment. This essential resource also includes a handy Glossary of real estate investment terms and a detailed Index for rapid access to discussions of specific issues.About the AuthorJohn McMahanis a real estate investment manager who founded John McMahan Associates (JMA), a San Francisco-based firm which acquired U.S. real estate for European, Asian, Australian, and Middle Eastern investors. The firm later became McMahan Real Estate Advisors, shifting its focus to investing pension capital in real estate and eventually merging with Mellon Bank to become Mellon/McMahan, with Mr. McMahan as CEO. He also has served as chairman of two public REITS, and for 17 years was a senior lecturer at the Stanford Graduate School of Business and 5 years at the Haas School of Business, UC Berkeley.