Last week the Third Edition of Dr. Peter Linneman’s Real Estate Finance and Investments: Risks and Opportunities became available to the public via the Linneman Associates website. The Third Edition is a refreshed, expanded and improved version of what was already the top real estate finance text (used by over 70 colleges and universities). Of special note are the inclusion of over 20 of Dr. Linneman’s articles on capital markets, real estate pricing, real estate cycles, private equity funds, REITs, and corporate real estate. These articles serve to enhance the text by providing additional depth of analysis.
I used the First Edition when I was in business school and was lucky enough to have Peter as a Professor. Like a big nerd, I actually read the whole thing the summer before the class, and highlighted basically every word on every page. When at a study session with some peers, in seeing that my book pages were glowing yellow, one of them joked, “Why didn’t you just use a paint roller?” (I thought it was a good idea for next time.) The point is that I didn’t find a single unimportant line.
This is a phenomenal book to have, at the very least, as a bookshelf reference. I have read it cover to cover 3 times now (and edited it once), and I learn new, insightful and practical things every time I go through it. Add it to your summer reading, along with a paint roller.
Bruce, that’s quite an honor to be asked to edit the preeminent real estate textbook. I have the first edition sitting on my bookshelf, but I think it’s time I update to the newer edition.
The greater thickness of the newer edition shows the increasing complexity of real estate. It’s important for students and young professionals to understand how real estate has acted in the past as well as understand new real estate products, changing capital markets, and evolving valuation methods.
Hi Joe, thank you very much. It was a lot of work and a lot of fun to edit the text! I was incredibly lucky to be asked. – Bruce
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Thanks for the news. I am ordering this book now.
I really would like to know about more books you both find important. Now or when new editions become available.
Hi Alex, my pleasure! I am hoping to review books on an ongoing basis for Model For Success. – Bruce
Does anyone have the First Edition of this book for sale? I’m interested in purchasing this.