Affordable housing as a profitable impact investment : an international comparison of real estate strategies / Deepiga Vigneswaran, Michael Truebestein, Matthias Daniel Aepli.

The challenges of affordable housing are manifold. However this presents an opportunity to private investors, real estate companies, and developers. With the growing global trend for impact-based investments, many institutional investors have begun to consider the merits of this asset class. This bo...

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Bibliographic Details
Main Authors: Vigneswaran, Deepiga (Author), Truebestein, Michael (Author), Aepli, Matthias Daniel (Author)
Format: eBook
Language:English
Published: Cham, Switzerland : Springer, 2022.
Series:Contributions to finance and accounting.
Subjects:
Online Access:Click for online access

MARC

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100 1 |a Vigneswaran, Deepiga,  |e author. 
245 1 0 |a Affordable housing as a profitable impact investment :  |b an international comparison of real estate strategies /  |c Deepiga Vigneswaran, Michael Truebestein, Matthias Daniel Aepli. 
264 1 |a Cham, Switzerland :  |b Springer,  |c 2022. 
300 |a 1 online resource :  |b illustrations (black and white). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a Contributions to finance and accounting 
505 0 |a Chapter 1. Introduction -- Chapter 2. Foundational Concepts -- Chapter 3. Literature Review -- Chapter 4. Research Design -- Chapter 5. Research Analysis -- Chapter 6. Discussion of Results -- Chapter 7. Study Recommendations. 
520 |a The challenges of affordable housing are manifold. However this presents an opportunity to private investors, real estate companies, and developers. With the growing global trend for impact-based investments, many institutional investors have begun to consider the merits of this asset class. This book examines not only the profitability of these assets, but also whether these assets rely on government subsidy. It discusses why investors have become more interested in this product and which investment criteria influence the financial performance of these assets. The authors employed a mixed method approach to collect data at two tiers, first through surveys and afterwards through interviews of 8 firms (3 publicly listed companies, 3 private equity companies, 1 foundation, and 1 state bank) across Germany, the United Kingdom, and the United States. Investment criteria are analyzed using inferential statistics, specifically the Hierarchical Algorithm Cluster Analysis. The financial characteristics of the companies are examined and compared using descriptive statistics and the qualitative interview output is explored using the thematic Latent Coding Analysis. Furthermore, the book explains how the bond-like nature of affordable housing is a profitable impact investment option, and how this strategy is particularly worthwhile for institutional investors. It also describes that profitability of affordable housing products is not dependent on subsidy. Still, affordable housing products supported by government incentives in the United Kingdom and United States are most attractive. The book illustrates six important investment strategies identified by veterans in this field to have an influence on the financial feasibility of affordable housing products. 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
650 0 |a Real estate investment. 
650 7 |a Real estate investment  |2 fast 
700 1 |a Truebestein, Michael,  |e author. 
700 1 |a Aepli, Matthias Daniel,  |e author. 
776 0 8 |i Print version:  |a Vigneswaran, Deepiga.  |t Affordable housing as a profitable impact investment.  |d Cham : Springer, 2022  |z 9783031070907  |w (OCoLC)1334140690 
830 0 |a Contributions to finance and accounting. 
856 4 0 |u https://holycross.idm.oclc.org/login?auth=cas&url=https://link.springer.com/10.1007/978-3-031-07091-4  |y Click for online access 
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