| CHAPTER 1: |
INTRODUCTION: RISKS AND OPPORTUNITIES |
1 |
| CHAPTER 2: |
WHAT IS REAL ESTATE?
Supplement A: International Real Estate Investing
(Wharton Real Estate Review, Spring 2001, Peter Linneman) |
12
26 |
| CHAPTER 3: |
THE FUNDAMENTALS OF COMMERCIAL LEASES |
34 |
| CHAPTER 4: |
PROPERTY LEVEL PRO FORMA ANALYSIS
Supplement A: The Connection Between Capital and
Physical Markets: Drivers of Real Estate
(Immobilien Manager Verlag, IMV GmbH & Co. KG
Handbook Real Estate Capital Markets -2008) |
43
64 |
| CHAPTER 5: |
FINANCIAL MODELING |
71 |
| CHAPTER 6: |
REAL ESTATE DUE DILIGENCE ANALYSIS
Supplement A: Forecasting 2020 U.S. Country and
MSA Populations
(Wharton Real Estate Review, Fall 2006, Peter Linneman/Albert Saiz)
Supplement B: Regional Growth Variability
(Wharton Real Estate Review Spring 2007,
Peter Linneman/Debbie Moy) |
81
87
103 |
| CHAPTER 7: |
THE USE AND SELECTION OF CAP RATES
Supplement A: A Disconnect in Real Estate Pricing?
(Wharton Real Estate Review, Spring 2004, Peter Linneman)
Supplement B: The Equitization of Real Estate
(Wharton Real Estate Review, Fall 2006, Peter Lnneman)
Supplement C: How Should Commercial Real Estate Be Priced? |
114
125
131
144 |
| CHAPTER 8: |
DEVELOPMENT PRO FORMA ANALYSIS |
154 |
| CHAPTER 9: |
DEVELOPMENT FEASIBILITY ANALYSIS
Supplement A: Construction Costs
(The Linneman Letter, Fall 2006)
Supplement B: Construction Costs
(The Linneman Letter, Summer 2010) |
164
176
184 |
| CHAPTER 10: |
REAL ESTATE COMPANY ANALYSIS |
188 |
| CHAPTER 11: |
REAL ESTATE BANKRUPTCY BASICS |
198 |
| CHAPTER 12: |
SHOULD YOU BORROW? |
202 |
| CHAPTER 13: |
THE USE OF DEBT AND MORTGAGES ; |
213 |
| CHAPTER 14: |
COMMERCIAL MORTGAGE BACKED SECURITIES
Supplement A: How We Got to the Credit Crisis
(The Linneman Letter, Spring 2008)
Supplement B: The Capital Markets Disarray
(Wharton Real Estate Review, Fall 2007, Peter Linneman) |
221
228
238 |
| CHAPTER 15: |
GROUND LEASES AS A SOURCE OF FINANCE |
247 |
| CHAPTER 16: |
REAL ESTATE EXIT STRATEGIES |
252 |
| CHAPTER 17: |
REAL ESTATE PRIVATE EQUITY FUNDS
Supplement A: Revisiting Return Profiles of Real Estate
Investment Vehicles
(The Linneman Letter,Winter 2005)
Supplement B: Understanding the Return Profiles of Real Estate
Investment Vehicles
(Wharton Real Estate Review, Fall 2003,
Peter Linneman/Debbie Moy) |
259
281 |
| CHAPTER 18: |
REITS AND LIQUID REAL ESTATE
Supplement A: The Forces Changing the Real Estate
Industry Forever
(Wharton Real Estate Center, January 1997, Peter Linneman)
Supplement B: The Forces Changing the Real Estate
Industry Forever; 5 Years Later |
296
306
314 |
| CHAPTER 19: |
CORPORATE REAL ESTATE DECISION MAKING
Supplement A: A New Look at the Homeownership Decision
(Housing Finance Review, Winter 1986, Peter Linneman)
Supplement B: Evaluating the Decision to Own
Corporate Real Estate
(Wharton Real Estate Review, Spring 2008, Peter Linneman) |
322
332
351 |
| CHAPTER 20: |
REAL ESTATE CYCLES
Supplement A: Is This The Worst Ever?
(The Linneman Letter, Fall 2008, Peter Linneman)
Supplement B: Is This The Worst Ever Yet?
(The Linneman Letter, Winter 2008, Peter Linneman)
Supplement C: Will We Need More Office Space?
(Wharton Real Estate Review, Fall 1997, Peter Linneman) |
358
365
380
393 |
| CHAPTER 21: |
THERE ARE A LOT OF RIGHT WAYS TO DO IT
Supplement A: Some Observations on Real Estate
Entrepreneurship
(Wharton Real Estate Review , Fall 2007, Peter Linneman) |
397
402 |
| PREREQUISITE I: |
THE BASICS OF DISCOUNTED CASH FLOW & NET
PRESENT VALUE ANALYSES |
411 |
| PREREQUISITE II: |
IRR: WHAT IT IS AND WHAT IT ISN’T |
423 |
| PREREQUISITE III: |
AMORTIZATION FUNDAMENTALS |
428 |
| SUPPLEMENTAL I: |
THE RETURN CHARACTERISTICS OF
COMMERCIAL REAL ESTATE
Supplement A: The Return Volatility of Publicly and
Privately Owned Real Estate
(Wharton Real Estate Review, Fall 2004, Peter Linneman) |
437
444 |
| SUPPLEMENTAL II: |
A LOOK AT A REAL CMBS ISSUE |
453 |
| SUPPLEMENTAL III: |
CAREERS IN REAL ESTATE |
459 |
| SUPPLEMENTAL IV: |
ARGUS FINANCIAL SOFTWARE |
463 |
| SUPPLEMENTAL V: |
CASES |
478 |
| SUPPLEMENTAL VI: |
EXAMS |
485 |
| INDEX |
|
495 |
