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Файл:English Speech Practice. Real Estate. Учебное пособие
.pdf
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Ex. 1. Read and translate the text, do the exercise.
Real estate financing is generally used to describe an investor’s
method of securing funds for an impending deal. As its name suggests,
this method will have investors secure capital from an outside source
to buy and renovate a property. Not unlike traditional financing, however, real estate finance comes complete with terms and underwriting,
not the least of which need to be fully understood before entering into
a contract.
One of the biggest misconceptions of real estate investing is
that you need to have a lot of money to get started, which isn’t true.
Text 1
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However, the secret that many professionals don’t understand is that
many different real estate financing options are available to fund
every investment. Understanding the financing aspect is imperative
because the method in which a specific deal is funded can greatly
impact its outcome.
As an investor, there are a few different ways to go about financing real estate investments. Each one will have its own set of
pros and cons, and your financing approach will depend on the property and the situation. Beginner investors need to remember that not
all real estate investment financing options are created equal. What
works for someone else may not necessarily work for you, but the
trick is understanding which real estate financing option will compliment your business strategy. By taking the time to research the various real estate financing options out there, new investors are sure to
realize how accessible investing can be. Broadening one’s toolkit of
real estate investment financing options is simply a matter of being
knowledgeable about what strategies exist, as well as proper ways to
leverage them. Keep in mind that all investors have faced the financing hurdle at some point in their career. For investors wondering how
to finance an investment property, there are some of your real estate
finance options:
Cash Financing: Great for investors who have access to a significant amount of capital, either personally or through their network,
and wish to purchase properties free and clear.
Hard Money Lenders: Accessible to investors who have lessthan-perfect credit or financial history, and are in need of a short-term
loan.
Private Money Lenders: Investors who are well-connected can
often tap into capital from personal connections, borrowing money at
a specified interest rate and payback period.
Self Directed IRA Accounts: Individuals who have elected to
create savings through a self-directed individual retirement account
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(IRA) may make the decision to tap into their account as a way to
access capital.
Seller Financing: Buyers and sellers can sometimes strike up
a mutually beneficial agreement, allowing the investor and seller to
avoid having to go through a private lender altogether.
Peer-To-Peer Lending: This is a great option for investors trying to raise the last portion of funding for a project. Peer-to-peer lending can offer high flexibility and low interest rates.
Ex. 2. Fill in the missing words according to the text.
portion
pros and cons
knowledgeable
mutually
savings
1. Individuals who have elected to create _________ through
a self-directed IRA may make the decision to tap into their account as
a way to access capital.
2. Buyers and sellers can sometimes strike up a _________ beneficial agreement.
3. Broadening one’s toolkit of real estate investment financing
options is simply a matter of being _________ about what strategies
exist.
4. Each one will have its own set of _________, and your financing approach will depend on the property and the situation.
5. This is a great option for investors trying to raise the last
_________ of funding for a project.
Ex. 3. Write a word is similar in meaning to the underlined part.
1. Keep in mind that all investors have faced the financing obstacle at some point in their career.
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2. Real estate financing is generally used to describe an investor’s method of securing funds for an imminent deal.
3. By taking the time to study the various real estate financing
options out there, new investors are sure to realize how accessible investing can be.
4. Many professionals don’t understand that many different real
estate financing choices are available to fund every investment.
5. Cash financing is great for investors who have access to
a large amount of capital.
Ex. 4. Answer the following questions according to the text.
1. What finance option is great for investors who have access to
a significant amount of capital?
2. Which finance option suits to investors who have less-thanperfect credit or financial history?
3. What should new investors do to realize how accessible investing can be?
4. What finance option can offer high flexibility and low interest
rates?
5. What is IRA account?
1. Create the situation due to your specialized routine, using the
information from the text.
2. Design your own exercises, expressing the main idea of the
text using these platforms: www.wordwall.net, www.quizlet.com
3. Create and analyze the problem situation, study all key issues,
find the possible variants to solve the problem.
Project work
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TEXTS FOR CONTROL
Ex. 1. Read and translate the text, do the exercise.
Construction projects (especially infrastructure) require high
capital investments, both during construction and operation, and account for between 3 and 8 % of a developing country's GDP. On average, half of the investments in the economy are in construction and
supporting economic activities. In developing countries, the construction sector must be included in national development plans in
order to promote a sound building market by developing the whole
national economy gradually, taking into account the interrelationships with other branches of the economy. Infrastructure is one of the
fastest growing sectors in the world in terms of private participation
and financing. The unavailability of debt remains a significant constraint in many private infrastructure projects. Many developing
countries have had less access to capital markets, due to a global decline in lending, increased uncertainty among investors, and reduced
willingness to assume risk. The question then is "What needs to be
done to get more FDI to developing countries"? In developing countries, there is plenty of room for positive growth and access to new
pools of capital. However, these countries need to first develop the
legal, financial, and technological infrastructure to reap those benefits. International capital market integration will continue to give
Text 1
Financing of construction investment
in developing countries through capital markets
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developing countries improved access to private foreign capital. Policymakers must tailor their policies to suit investor's interest in order
to access the international capital markets and obtain the necessary
financing for their PPI (Private Participation in Infrastructure) projects. Private Participation in infrastructure is here to stay, and as
more developing countries are opening up to private financiers, the
policy debate has changed from "whether to" to "how to".
Ex. 2. Answer the following questions according to the text.
1. How much of the investments are in construction and support-
ing economic activities?
2. What is one of the fastest growing sectors in the world in
terms of private participation and financing?
3. What do the developing countries need to reap the benefits?
4. What must policymakers do to suit investor’s interest?
5. Why must the developing countries be opened up to private
financiers?
Ex. 1. Read and translate the text, do the exercise.
Even before the pandemic, shopping centers and retailers were
facing many challenges: the rise of e-commerce, shrinking foot traffic,
and changing consumer shopping preferences threatened a way of
Text 2
Changing consumer behaviors creates opportunity
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shopping that existed for decades. COVID-19 accelerated these trends,
and created a more digital-centric consumer who expects frictionless
transactions, personalized experiences, and elevated conveniences.
These new purchase drivers highlight the need for shopping mall transformation, but also create unique opportunities for the industry.
Pandemic-related shutdowns accelerated the bankruptcy filings
of more than 50 retailers in 2020. This led to higher vacancies, which
reduced property values and real estate owners’ profitability. The vacancy rate in regional malls rose 170 basis points year on year (YoY)
in 1Q21, to 11.4 %. The pandemic also forced more consumers online,
creating additional demand for omnichannel services that offer consumers various ways to shop, receive, and return items. But, importantly, even during the pandemic, e-commerce sales represented
only 14 % of overall retail sales – signaling the importance of integrat-
ing store-level inventory within the digital supply chain.
Combined, these factors will likely require retail real estate own-
ers to adopt a more holistic view of the “jobs to be done” in retail
spaces. It is no longer enough to offer the physical space for consumers
to find goods; retailers should entice consumers with a more enriching
experience that fosters a sense of community. Large online retail platforms have gained share by understanding and adapting to changing
consumer preferences. How can retail real estate owners best respond
to this challenge? How can they better exploit their unique position to
create a more personal connection with consumers?
We believe retail real estate owners can play a pivotal role
meeting consumers where they want to be. To successfully respond
to this changing retail environment, owners can focus on three strategic priorities:
1. Recast the role of the shopping center to serve multiple pur-
poses.
2. Drive greater customization in the tenant mix.
3. Develop a new leasing model that captures the value derived
from new business models.
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But to do all of these well, retailers and retail real estate owners
should work together in new and fundamental ways.
Ex. 2. Mark the statements as True or False.
1. Even before the pandemic, shopping centers and retailers
weren’t facing many challenges: The rise of e-commerce, shrinking
foot traffic, and changing consumer shopping preferences threatened
a way of shopping that existed for decades. (T__/ F__)
2. These new purchase drivers don’t create unique opportunities
for the industry. (T__/ F__)
3. This led to higher vacancies, which reduced property values
and real estate owners’ profitability. (T__/ F__)
4. Retailers shouldn’t entice consumers with a more enriching
experience that fosters a sense of community. (T__/ F__)
5. We believe retail real estate owners can play a pivotal role
meeting consumers where they want to be. (T__/ F__)
Ex. 1. Read and translate the text, do the exercise.
Postpandemic, consumers may never shop the way they once
did. Which behaviors are most likely here to stay?
Recent data from Deloitte’s Global State of the Consumer
tracker shows that consumers are getting back to public life. But the
Text 3
Certain shopping preferences will likely stick
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data also indicates that some behavior, like the “at-home economy,”
continues. Consumers say they plan to work more from home than
they did before the pandemic, so they expect to cook more and shop
more from home for the foreseeable future. This preference to stay
closer to home could create opportunities for shopping centers. Are
there ways they can serve as community centers, where consumers
could easily access experiences and events? Or could physical spaces
be redeveloped into distributed work locations, hoteling for hybrid/remote workers, and even housing?
Another major consumer behavior that has increased lately is the
use of digital click and collect platforms such as buy online, pick up in
store (BOPIS), buy online, pick up in locker (BOPIL), and curbside
pickup. Concern over health and safety during the pandemic drove people of all generations to try these services. As consumers adapted to
pandemic life, the catalyst for these specific shopping methods shifted
away from safety concerns to perceived affordability and speed. Given
that convenience is a growing purchase driver for consumers, we see
this preference sticking even after the pandemic subsides.
Retail real estate owners should embrace these consumer shopping preferences; they highlight the value retailers that have a brickand-mortar presence with integrated omnichannel capabilities can
bring. This is one key advantage brick-and-mortar retailers have over
large online retailers, which lack the physical infrastructure to offer
same-day services in many markets.
The at-home economy trend may also be altering the frequency
of shopping trips. Our analysis found that even before the vaccine
rollout, retail trips, especially to mass merchants, home improvement
stores, and grocery stores, had recovered by the end of 2020. We also
found larger basket sizes, implying consumers have been buying more
on each trip.
But once retailers have lured consumers back to their locations
with experiences and new convenience formats, how can they keep
them coming back longer term?
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Ex. 2. Fill in the missing words according to the text.
consumers
convenience
preference
safety
indicates
1. But the data also _________ that some behavior, like the “at-
home economy,” continues.
2. This _________ to stay closer to home could create opportu-
nities for shopping centers.
3. Concern over health and _________during the pandemic
drove people of all generations to try these services.
4. Given that _________ is a growing purchase driver for con-
sumers.
5. We also found larger basket sizes, implying _________ have
been buying more on each trip.
Ex. 1. Read and translate the text, do the exercise.
Research also suggests that investee companies that voluntarily
integrate ESG policies into their business model may outperform
their peers in terms of return on assets (ROA) and stock performance.
Such improved performance by investee companies can directly increase revenue for some investment managers, improve fund performance, and investment flows. According to a recent academic study
analyzing 1,000 research papers exploring linkage of ESG and financial performance, there was consensus that good management of
Text 4
Generate long-term financial benefit. Part I
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