Handbook Real Estate Capital Markets

The link between real estate and capital markets
Real estate markets have fundamentally changed within the last years: next to the concept of „bricks & mortar“, the asset class „real estate“ has discovered the capital markets-dimension. This leads to an essentially new perspective which is extensively discussed in this handbook.

Contents
- Real Estate public and private markets: an overview
- The connection between capital and physical markets
- Recent REIT-structures in Europe: France, Germany, the U.K.
- Managing REITs
- M&A and REITs
- Asset Backed Securities
- Commercial Mortgage Backed Securities
- German Pfandbrief vs. MBS
- Collateralized Debt Obligations
- Real Estate hybrid products
- Interest and currencyderivatives
- Index certificates
- 30 years of RE T-experience in the U5: the EOP Trust
- CMBs-transactions in Europe:thexample of GRAND P.L.C.

Authors
- Ralf Herfuth, Barclays Bank
- Walter Klug, Morgan Stanley
- Prof. Peter Linnemann, Ph.D., Wharton School
- Marc Louargand, Cornerstone Properies
- Dr. Daniel Piazolo, IPD Investment Property Databank
- Dr. Katrin Piazolo, Helaba
- Prof. Dr. Nico B. Rottke, European Business School
- Prof. Dr. Dirk Schiereck, European Business School
- Prof. Dr. Matthias Thomas, European Business School
- Dr. Peter Westerheide, ZEW
- Prof. Dr. David Geltner, MIT
- Sam Zell, Real Estate Investor