This book is designed as a supplementary text for upper division under- graduate and graduate real estate investment courses. The CD-ROM included with the book contains spreadsheets for data analysis tailored specifically to real estate settings. The major thrust is to bridge the gap between theory and practice by showing the student how to implement his real estate education in the real world. The study of real estate follows long traditions grounded in Urban Economics and Finance. There is, however an inherent conflict between the twin realities that the finance market is efficient and the real estate market is not. Practitioners in the real world know, or at least.
