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Key Features incluDe:New topics in various chapters have been added to provide coverage on important topics such as market analysis for projecting occupancy and rental growth, installment sales, tax-free exchanges, valuing REITs, and the current economic landscape. Factors such as legal issues that can impact the rights of lenders and investors, characteristics of various vehicles for real estate lending and investing, the importance of the local economy, and the goals of the lender or investor are detailed so that students can perform the right kind of analysis to make informed real estate finance and investment decisions. The Fourteenth Edition of Real Estate Finance and Investments prepares students to understand the risks and rewards associated with investing in and financing both residential and commer-cial real estate. FisherBuilding the FRamewoRk to Reach the Right Real estate decisions