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December 15, 2010

New AI Book Explores Cross-border Investing

Cross-border investing for growth and portfolio diversification has taken the business world by storm, according to the Appraisal Institute’s latest book, “Real Estate Valuation in Global Markets,” second edition. Published Dec. 10, the book describes appraisal practice in 47 countries with comprehensive, on-the-ground information from local experts.

Edited by Howard C. Gelbtuch, MAI, with Eunice Park, “Real Estate Valuation in Global Markets” addresses how global changes can affect the appraisal business and outlines the opportunities that await international valuers. It offers background information on the geography, political structure and economy of each of the 47 countries studied as well as provides specific information on real property rights, licensing and certification of appraisers, and appraisal theory and practice. Case studies demonstrating valuation methodology also are included.

In his role as senior director of Jones Lang Wootton USA, Gelbtuch 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. Additionally, he has valued properties or taught valuation courses and seminars throughout the Americas, Europe, the Middle East, Africa and Asia.

“Real Estate Valuation in Global Markets” is available for $75 ($60 for Appraisal Institute members) plus postage at or by calling 800-504-7440.

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