Appraisal Institute Releases New Book, "Real Estate Valuation in Global Markets"
Cross-border investing for growth and portfolio diversification has taken the business world by storm, according to a one-of-a-kind book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers. Real Estate Valuation in Global Markets, second edition, describes appraisal practice in 47 countries with comprehensive, on-the-ground information from local experts. Edited by Howard C. Gelbtuch, MAI, with Eunice Park, the book addresses how global changes can affect the appraisal business and outlines the opportunities that await international valuers. Real Estate Valuation in Global Markets offers background information on the geography, political structure and economy of each of the 47 countries studied as well as providing specific information on real property rights, licensing and certification of appraisers, and appraisal theory and practice. Case studies demonstrating valuation methodology also are included. Gelbtuch is a graduate of New York University with a Bachelor of Science degree in finance and holds a Master of Business Administration in real estate from the Bernard M. Baruch College in New York City. He has been a senior vice president and head of the real estate department at Integrated Resources Inc.; director of research at Morgan Stanley Realty, Inc.; director in charge of the real estate appraisal practice at Coopers & Lybrand; and senior director of Jones Lang Wootton USA, where he supervised the firm’s valuation activities in North and South America. Since 1994, he has been a principal of Greenwich Realty Advisors Inc., a New York City-based, internationally oriented real estate valuation and counseling firm. An accomplished author, he has valued properties or taught valuation courses and seminars throughout the Americas, Europe, the Middle East, Africa and Asia. For more information, visit www.appraisalinstitute.org.