Prepares students to understand the risks and rewards associated with investing in and financing both residential and commercial real estate. This book includes chapters with concepts and techniques and problem sets that are used in many careers related to real estate.

PART ONE Overview of Real Estate Finance and Investments 1 Real Estate Investment: Basic Legal Concepts 2 Real Estate Financing: Notes and Mortgages PART TWO Mortgage Loans 3 Mortgage Loan Foundations: The Time Value of Money 4 Fixed Interest Rate Mortgage Loans 5 Adjustable and Floating Rate Mortgage Loans 6 Mortgages: Additional Concepts, Analysis, and Applications PART THREE Residential Housing 7 Single Family Housing: Pricing, Investment, and Tax Considerations 8 Underwriting and Financing Residential Properties PART FOUR Income-Producing Properties 9 Income-Producing Properties: Leases, Rents, and the Market for Space 10 Valuation of Income Properties: Appraisal and the Market for Capital 11 Investment Analysis and Taxation of Income Properties 12 Financial Leverage and Financing Alternatives 13 Risk Analysis 14 Disposition and Renovation of Income Properties 15 Financing Corporate Real Estate PART FIVE Financing Real Estate Development 16 Financing Project Development 17 Financing Land Development Projects PART SIX Alternative Real Estate Financing and Investment Vehicles 18 Structuring Real Estate Investments: Organizational Forms and Joint Ventures 19 The Secondary Mortgage Market: Pass-Through Securities 20 The Secondary Mortgage Market: CMOs and Derivative Securities 21 Real Estate Investment Trusts (REITs) PART SEVEN Portfolio Analysis and Real Estate Funds 22 Real Estate Investment Performance and Portfolio Considerations 23 Real Estate Investment Funds: Structure, Performance