Real Estate Capital Markets: Evolution, Structure, Participants

Real Estate Capital Markets: Evolution, Structure, Participants explores the historical development, current structure, and future trends within the United States real estate capital sector. The book offers insight into the private-sector real estate industry's expansion and the pivotal moments shaping it, such as the recent global pandemic. It investigates financial instruments like commercial mortgage-backed securities, collateralized loan obligations, and derivatives, focusing on their role and regulation in the market.

Delineating between public and private equity and debt, the book provides a thorough framework for understanding real estate capital market dynamics. It emphasizes pertinent topics like derivatives and debt instruments, valuation processes, and the impact of technological advancements like PropTech and blockchain.

Real Estate Capital Markets is ideal for both undergraduate and graduate-level courses in finance, real estate, architecture, urban planning, and investment, equipping students with comprehensive knowledge of the strategic underpinnings of the capital landscape in real estate.

Merrie Frankel is the president of Minerva Realty Consultants, LLC, serves on the board of directors of Agree Realty Corporation, and teaches courses on real estate capital markets at Columbia University and New York University. She holds a J.D. and M.B.A. from the Hofstra University and BA in English from the University of Pennsylvania.

Hugh Kelly is a leading real state economist, consultant, teacher, and public speaker. He teaches courses in urban economics, market analysis, and risk and portfolio management at NYU's Schack Institute of Real Estate's Master's Degree Program. He holds a Ph.D. in urban economics from Ulster University.

Constantine Korologos is the founding principal of Leonidas Partners, LLC, a clinical assistant professor of real estate and the faculty director of Hirsh Fellows at New York University, and the managing director of Eyzenberg and Company. He holds an M.B.A. in finance from the NYU Stern School of Business.