Completely revised and updated, the fifth edition of this bestselling textbook covers each stage of the real estate development process, explaining the basics of idea conception, feasibility, planning, financing, market analysis, contract negotiation, construction, marketing, and asset management. This new edition has been revised to include new topics such as sustainability, green building, and how development financing has changed since the Great Recession. It includes all-new examples, case studies, and photographs. The text is intended for university students in schools of business, planning, architecture, engineering, and law. It is also a useful beginning point for those shifting careers, either into development or between roles in development.
This is a bit of a textbook which means it is a bit long and hard to get through. However, if you are serious of entering the real estate development business it has the information you need. It covers all asset classes like multifamily, retail, office, industrial and it discusses the fundraising portion. I have nothing but great things to say. It will be a reference the development we are working on. If you find it too long try reading only the asset classes you are interested in developing; which is what I did.
it is long and sometimes dry, but this is the most comprehensive book i've read about the development business. it describes the development process chronologically in an 8-step process and has case studies to follow along the way.