Back in the Saddle

I’m pleased to say that I’ll be teaching Real Estate Finance 1 again at Columbia University’s MS in Real Estate Development program this Summer. I’ve taught there since 2005 every year as an Adjunct Associate Professor and in that time...

Months and Days of Foolishness

I’ve been teaching real estate finance for years, and as a result, people like to send me things that are screwed up and then ask me for my opinion. See below. It’s an example of how not to write a waterfall structure. Depending on how you read it, you’re either...