| Description |
1 online resource (219 p.) |
| Series |
Routledge Studies in International Real Estate Ser |
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Routledge Studies in International Real Estate Ser
|
| Contents |
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication -- Table of 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 Factors versus indices -- 1.1 Models of derivatives and real estate risk -- 1.2 Factor hedges -- 1.3 Pending issues with factor hedges -- 2 Factorisation: a nuclear approach in real estate finance |
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2.1 Factors in commercial real estate analysis: epistemological foundation of factorisation -- 2.2 Factors in finance: an etymological approach -- 2.3 Factors in financial risk management -- 2.4 Factors in real estate finance -- 2.5 Synthesis: bottom-up versus top-down approaches to factors in commercial real estate -- 3 Risk models and price dynamics in commercial real estate -- 3.1 Hoag's (1980) model of commercial real estate -- 3.2 Lecomte's (2007) genetics-based risk model of commercial real estate -- 3.3 Price dynamics in commercial real estate |
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4 Markets for trading factor-based real estate derivatives -- 4.1 Theoretical background and challenges -- 4.2 Cash-settled market for factor derivatives -- 4.3 Market for hedging effectiveness -- 4.4 Market for property avatars -- 2 The digitalisation of commercial real estate: smart space as real estate finance's new asset -- Introduction: the emergence of smart space -- 1 Pricing models of smart buildings in smart environments -- 1.1 Smart buildings as interactions -- 1.2 Hedonic pricing model of smart buildings based on smart space's layered structure |
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1.3 Activity-based hedonic pricing model of smart buildings -- 1.4 Defining utility in smart real estate: decision or experienced? -- 2 Property rights in smart environments: the advent of digital rights for smart buildings -- 2.1 The advent of digital rights for smart buildings -- 2.2 Economic foundations of digital rights in smart buildings -- 2.3 Technologies empowering digital rights and their impact on the real estate sector's digital strategies -- 3 Questions around space users' digital surrounding worlds (Umwelts) |
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3 The tokenisation of commercial real estate: tokens as a new tool in financial engineering applied to real assets -- Introduction: behind the hype -- 1 Basic principles of tokenisation -- 1.1 Tokenisation 101 -- 1.2 Token taxonomy: security, utility, and hybrid tokens -- 2 Single real estate asset tokenisation: a critical analysis -- 2.1 Potential benefits and challenges of single asset tokenisation -- 2.2 Conceptual contribution of single asset tokenisation to real estate finance -- 3 Suggested applications of tokenisation in real estate finance -- 3.1 Index tokenisation |
| Notes |
Description based upon print version of record |
|
3.2 Utility tokens for smart real estate: data tokens |
| Form |
Electronic book
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| ISBN |
9781000395037 |
|
1000395030 |
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