The AFIRE Guide to U.S. Real Estate Investing, Fourth Edition: What Global Investors Need to Know about Commercial Real Estate Acquisition, Management, and Disposition

Invest responsibly and generate long-term value with the definitive guide to U.S. real estate investing written specifically for non-U.S. investors Whether you’re an institutional investor already active or you’re seeking to enter U.S. commercial real estate markets, The AFIRE Guide to U.S. Real Estate Investing serves as both an invaluable general overview and as an evergreen reference that you’ll return to again and again. From the Association of Foreign Investors in Real Estate (AFIRE), this new edition has been revised and expanded to bring you fully up to date on the issues and practices they need to build a solid real estate portfolio. It includes a brand-new forward, introduction, and glossary, as well as 35 new or updated chapters divided into four sections: •Section 1: Preparing for Investment into the U.S. covers investment strategy, real estate and tax law, corporate responsibility, industry resources, and professional roles. •Section 2: The Commercial Real Estate Lifecycle explores property due diligence, acquisition, operational management, and disposition of U.S. real estate assets. •Section 3: Finance and Partnerships explains important financial topics, including information for lenders and borrowers, joint ventures, loans and debt, commingled funds, bankruptcy, and Islamic finance. •Section 4: Tax and Regulatory Issues discusses securities laws, the Bank Secrecy Act, the Patriot Act, Office of Foreign Assets Control, taxation, real estate investment trusts (REITs), estates and gifts, agreements, and litigation. Other commercial real estate guides cover individual investors, property flipping, or the technical aspects of taxation and finance. Written just for you, The AFIRE Guide to U.S. Real Estate Investing takes the unique approach of focusing on international business, finance, and real estate as well as institutional long-term, multi-generational investment.

About the Author

Will McIntosh , PhD, CRE, is global head of research for Affinius Capital (formerly USAA Real Estate) where he develops commercial real estate investment strategies and manages in-house research with the objective of informing and enhancing the investment process. As former head of global research for the Abu Dhabi Investment Authority’s Real Estate Department, McIntosh created ADIA’s global investment strategy. Before that, he served as the chief investment officer of Fund Evaluation Group. McIntosh is also former director of research for AFIRE. Established in 1988 and headquartered in Washington, DC, AFIRE is the association for international real estate investors focused on commercial property in the United States. AFIRE members gather throughout the year to help one another become better investors, better leaders, and better global citizens through conversations, research, and analysis of real estate capital markets, cross-border issues, policy, economics, technology, and management.