He argues that most investors overpay because they ignore lease rollover concentration —e.g., having 50% of your income reset in the same year.
Before diving into complex deals, the text establishes three critical "prerequisites" for real estate analysis: Discounted Cash Flow (DCF) & NPV peter linneman real estate finance and investments pdf
Now in its (as of 2024/2025), the book is based on Dr. Linneman's decades of teaching at The Wharton School. He argues that most investors overpay because they
: A comprehensive overview of his academic career, highlighting his influential 1992 paper with Susan Wachter on homeownership constraints. The Linneman Letter : A widely read quarterly research bulletin peter linneman real estate finance and investments pdf