Introduction to Real Estate Development and Finance

Introduction to Real Estate Development and Finance


This book provides readers with a basic understanding of the principles that underlie real estate development. A brief historical overview and an introduction to basic principles are followed by examples from practice. Case studies focus on how cities change and respond to the economic, technological, social, and political forces that shape urban development in North America. It is important to have a framework for understanding the risks and rewards in real estate investing. In measuring return, consideration must be given to both investment appreciation and the cash flow generated over the life of a project. In addition, metrics are presented that can be useful in assessing the financial feasibility of a real estate development proposal. This book also provides an overview of the forces of supply and demand that gauge the potential market for a new project. In determining the size of "residual demand", estimates for population growth, family formation, and new development are important.

All development projects fall under the auspices of one or several jurisdictions. Though every jurisdiction has different rules and procedures, basic knowledge of the planning process is critical to the success of all development projects regardless of location. Furthermore, all projects have a legal component. Basic issues of land ownership, property rights, property transfer, and land registration are reviewed, all of which need to be considered when a property is sold or purchased. This book also provides a primary on the design and construction process. In constructing a building, a team of experts is first required to design the architectural, structural, and heating, ventilation, and air conditioning (HVAC) systems for a building. An overview is provided of each building system: wood, concrete, and steel. Critical to a successful real estate development, project management principles for the processes of design, bidding, and construction are explored, with close attention given to budgeting, scheduling, and resource management. Essential reading for anyone involved in the development of our built environment, this is a must-read introduction for students and professionals in architecture, urban planning, engineering or real estate seeking an approachable and broad view of real estate development and finance.

Similar Books

ISBN 10: 0812224051
ISBN 13: 9780812224054

01 Mar 2018
Peter Hendee Brown

ISBN 10: 0984534601
ISBN 13: 9780984534609

29 Jun 2011
Robert A Wehrmeyer

ISBN 10: 0874204305
ISBN 13: 9780874204308

10 Aug 2019
Charles Long

ISBN 10: 0578553651
ISBN 13: 9780578553658

09 Oct 2019
Ben Stevens

ISBN 10: 0874204577
ISBN 13: 9780874204575

30 Oct 2020
John McNellis

ISBN 10: 0874204321
ISBN 13: 9780874204322

15 Jul 2019
Richard B. Peiser

ISBN 10: 0874204283
ISBN 13: 9780874204285

23 Aug 2019
Deborah L. Brett

ISBN 10: 0874203430
ISBN 13: 9780874203431

01 Jun 2015
Mike E. Miles

ISBN 10: 1781332193
ISBN 13: 9781781332191

01 Feb 2017
Jim Castagnet

ISBN 10: 0071441735
ISBN 13: 9780071441735

16 Sep 2004
R. Woodson

ISBN 10:
ISBN 13: 9798629677390

07 May 2020
Robert Beardsley

ISBN 10: 1734768614
ISBN 13: 9781734768619

09 Apr 2020
Hayden Crabtree