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Profs. Geltner & de Neufville Publish New Book

February 21, 2018

Professors David Geltner and Richard de Neufville have published a new book, entitled “Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers“. This text is currently available as an E-book, and will be published hard copy this April. 

This book takes a practical “engineering” approach to the valuation of options and flexibility in real estate. It presents simple simulation models built in universal spreadsheet software such as Microsoft Excel®. These realistically reflects the varying and erratic sources of uncertainty and price dynamics that uniquely characterize real estate. The text covers new analytic procedures that are valuable for existing properties and enable a new, more profitable perspective on the planning, design, operation, and evaluation of large-scale, multi-phase development projects. The book thereby aims to significantly improve valuation and investment decision making.

Purchase the Book

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