William B. Brueggeman, Ph.D.

Edwin L. Cox School of Business

Southern Methodist University

William B. Brueggeman has been an academic and consultant to business and public policy makers for over 30 years in the areas of finance and investment. His primary areas of interest include: real estate finance and investment, performance measurement, valuation, real estate-backed securities, mortgage and equity capital markets, portfolio analysis as well as applied business and regional economics. He has published over 70 articles and reports in his areas of expertise since completing the Ph.D. degree at Ohio State University in 1970 and is also an author of Real Estate Finance and Investments, which is now in its 14th edition, spanning 50 years of publication. It is the most widely used college textbook in real estate finance (in use at over 200 colleges and universities). He has served as President of the American Real Estate and Urban Economics Association and was editor of its journal. He presently holds the Clara and Leo F. Corrigan Chair in Real Estate at SMU (since 1978) and his scholarly work is frequently cited in academic journals and in leading news media (New York Times, Washington Post, Wall Street Journal and Barron's). Industry affiliations include six years as Consulting Director of Real Estate Research, Goldman, Sachs & Co., New York where he conducted research on real estate and REITs and provided support for significant property transactions, corporate real estate divestitures, and spin-offs. He is currently Consulting Director of Research with L&B Realty Advisors in Dallas.

Jeffrey D. Fisher, Ph.D.

Kelley School of Business

Indiana University

Jeffrey D. Fisher, Ph.D. is Director of the Center for Real Estate Studies and the Charles H. and Barbara F. Dunn Professor of Real Estate at the Indiana University Kelley School of Business. He is a research consultant with the National Council of Real Estate Investment Fiduciaries (NCREIF) and has served on the board of NCREIF. Dr. Fisher is currently on the board of the Pension Real Estate Association (PREA) and the board of the Real Estate Research Institute. He received PREA/Graaskamp Award for Research Excellence from the Pension Real Estate Association, the George Bloom Award from the American Real Estate and Urban Economics Association for "Outstanding Contributions to the field of Real Estate" and the Alpha Kappa Psi Alumni Award for Teaching Excellence in Finance at the IU School of Business. He is currently a Research Fellow, member of the faculty and serves on the board of directors of the Weimer School of Advanced Studies in Real Estate and Land Economics, Homer Hoyt Advanced Studies Institute. Dr. Fisher was a founding trustee of The Appraisal Foundation that was formed in 1987 by the major appraisal organizations as a self-regulatory organization and source of standards for the appraisal industry. He served as President of the American Real Estate and Urban Economics Association (AREUEA) in 1990. Fisher also served as the 1986-87 Chairman of the Real Estate Center Directors and Chairholders' Association. Professor Fisher has a doctorate in Real Estate from Ohio State University. He is a coauthor of Real Estate, 9th edition, published by John Wiley and Sons, coauthor of Real Estate Finance and Investments, 14th edition, published by McGraw-Hill/Irwin, and coauthor of Income Property Valuation, published by Dearborn Financial Services. His books have been translated into Japanese, Chinese and Korean.

Dr. Fisher has published numerous articles in journals such as The Journal of the American Real Estate and Urban Economics Association, Journal of Real Estate Finance and Economics, The Journal of Urban Economics, The Journal of Real Estate Research, Journal of Portfolio Management, National Tax Journal, Public Finance Quarterly, The Appraisal Journal, Real Estate Review, The Real Estate Appraiser and Analyst, Real Estate Issues and The Journal of Property Tax Management.

《房地産金融與投資(第10版)》既可供專業人員，也可供專業學者和學生使用。《房地産金融與投資(第10版)》中的所有概念和方法都是專業人員所使用的。我們的目標一直是，幫助每位讀者提高他們的分析能力和更好地理解房地産市場中的一般機構和工具。

自從《房地産金融與投資(第10版)》前一版問世以來，房地産金融與投資領域的新情況已層齣不窮。像商業抵押擔保證券（CMBS）和房地産投資信托（RETT）這種用於商業房地産投融資的公共市場工具的演變，尤其是這樣。我們在《房地産金融與投資(第10版)》這一版中所做的修訂，反映瞭學生為從事房地産領域職業做準備時擴展該領域視野的需要。

我們也已努力使《房地産金融與投資(第10版)》對學生更加適用。例如，我們已經增加瞭一些圖框，以錶明對許多問題的財務計算器解法。在前麵的章節也錶示齣傳統的錶格解法，以有助於對所描述的貨幣時間價值概念的理解。為瞭有助於《房地産金融與投資(第10版)》中所討論的概念和方法聯係於“現實世界”，在許多章節，我們也將一些基於房地産金融與投資現實事件的短篇閱讀材料和實例包括其中。我們也使教師可以利用計算機spreadsheets會計軟件，當他們認為這能夠有助於學生解答《房地産金融與投資(第10版)》各章後的許多習題時，就使用它。