Mastery of "promotes," "hurdle rates," and "catch-up" structures in partnership economics. textbook.getrefm.com Structure & Editions The most recent versions (such as Edition 5.3 ) were co-authored with Bruce Kirsch of Real Estate Financial Modeling (REFM) getrefm.com Chapter Count:
Risks and Opportunities by , particularly focusing on the "fixed" or updated versions like Edition 5.3 . Bridging Theory and Real-World Judgment
: Focusing on distressed or underperforming properties where active management can significantly improve income.
The book is famous for teaching the mechanics of the pro forma. It guides the reader through constructing financial models from scratch. It demystifies complex calculations like:
, co-authored with Bruce Kirsch, includes updated data on capital markets, REITs, and emerging trends like co-working and "shadow inventory". Amazon.com Key Core Concepts