In Fundamentals of Real Estate Investment, Third Edition, Jaffe and Sirmans provide an introduction to the real estate investment process, including the basics of the investment decision, the environment in which the investment decision is made, the development of cash flow statements, and the applications of various investment criteria. The Third Edition represents a major revision aimed at updating material and improving methodologies for learning.

I. SOME BASIC CONCEPTS.

1. The Investment Decision.
2. Risk, Return and Decision Making.
3. Real Estate Investment Mathematics.

II. THE INVESTMENT ENVIRON-MENT.

4. The Market Environment.
5. The Legal Environment.
6. The Financing Environment.
7. The Tax Environment.

III. FINANCIAL ANALYSIS.

8. Operating Decisions.
9. Financing Decisions.
10. Reversion Decisions.

IV. INVESTMENT CRITE-RIA.

11. Traditional Investment Criteria.
12. Discounted Cash Flow Models.
13. Risk Analysis.

V. SOME APPLICATIONS.

14. Applying the Investment Process: A Case Study.
15. Selected Real Estate Mini Cases.

VI. CONCLUSION.

16. Real Estate Investment Decision Making: An Overview.

Appendices.
Index.