How to Invest in Commercial Real Estate If You Know Nothing about Commercial Real Estate - by David A Dowell & Bruce M Stachenfeld (Hardcover)

Book Synopsis

In How to Invest in Commercial Real Estate, authors Dowell and Stachenfeld have created the ultimate guide for anyone interested in getting smarter quickly on the complicated world of commercial real estate.

In an easy-to-read format, the authors dissect nearly every aspect of commercial real estate investment, from the basic to the more complex, including asset segmentation, market analysis, deal structuring, promote mechanics, capital stack construction, commercial underwriting best-practices, risk assessment and mitigation, joint venture dynamics, and best-in-class investment processes just to name a few.

But this book isn't just for beginning investors. Even seasoned professionals will benefit from reading it, especially from the authors' insights into the more intricate elements of the market.

The authors, a commercial real estate investor and a commercial real estate attorney, have over seventy years combined of invaluable industry experience. Their love for their subject is palpable, and they pass along their passion and enthusiasm to the reader.

So, whether you are taking those first steps into commercial real estate investment or want to upgrade your existing expertise, How to Invest in Commercial Real Estate will prove to be a much needed and frequently referenced resource.

Review Quotes

"How to Invest is not just for Real Estate investors but is a must read for anyone whose business or clients operate in or around commercial real estate. The book is straightforward, easy to read, and offers fantastic insight into a complicated industry."--Scott Winter, Co-Chair of Innisfree M&A Inc.

"How to Invest manages to make the complex world of commercial real estate understandable and is an excellent resource for professionals entering into the field. From an analysis of the nuances of different asset classes, to underwriting best practices and joint venture mechanics, to the practical application of leverage and financing, David and Bruce have put together an accessible and comprehensive guidebook to the industry."--Philippe Visser, President, Related Office

"A highly engaging and informative book. A great primer for anyone entering into commercial real estate."--Adam Schwartz, Co-CEO, Angelo Gordon

"Bruce has been a friend, mentor, and valuable resource for me throughout my career, and is always available to help think through complex legal issues balanced with practical, experienced based advice. He has built a great firm with a reputation for excellence, and I would strongly recommend anyone who is looking to build a strong foundation in the basics of commercial real estate to read this book and keep it on your shelf for easy reference. Bruce and David have done a laudable job here. I highly recommend."--Jason Barnett, Vice Chairman; Chief Legal Officer, RXR

"If the recent turbulence in the real estate market has reaffirmed anything, it's that having the forethought to prepare for exigent market shocks is critical when making effective investment decisions. This is particularly true for an investment into an asset class as potentially illiquid as real estate. Selecting the right asset, conducting an appropriate amount of due diligence, and structuring the appropriate agreements with suitable counterparties are essential to protect an investor's downside. Bruce and David hammer home that message home while offering a tremendous lesson in prudent commercial real estate investing. This is an important read for the kind of real estate investor who desires to mitigate risk as much as well as reap returns."--Thomas Arnold, Former Global Head of Real Estate, ADIA

"My suggestion--read this book early in your career. The information is extensive, the presentation is easy to access and the knowledge you will quickly gain will help put subsequent classwork, readings, and professional experiences into much better context."--Lee Harris, President & CEO, Cohen-Esrey

"The title of this book does not do justice to the amount of practical information contained in it. This is a fantastic resource not just for those who 'know nothing about commercial real estate' but for many people already in the industry. David and Bruce do a terrific job covering a tremendous breath of industry topics and do so in a succinct, direct, and friendly manner. There is valuable information for everyone, from the neophyte up to the seasoned professional."--Jason Hernandez, Managing Director, Head of Debt Originations, Nuveen

"Who needs a real estate MBA when you can read How To Invest In Real Estate If You Know Nothing About Real Estate; David and Bruce distilled the art of real estate investing into a thoughtful, practical and humorous textbook. A copy should be on every real estate investor's desk."--Andrew Jacobs, Chief Investment Officer, BentallGreenOak