A trusted investment guide for success in the commercial real estate industry In Commercial Real Estate Investing: An Evidence-Based Approach to Risk Management, Strategic Valuation, and Enhanced Returns, seasoned financial executive, Randall Zisler, Ph.D., delivers a compelling critique of institutional real estate investment practices that will help investors avoid uncompensated risk, achieve superior risk-adjusted returns, and reject wealth-reducing myths. For readers seeking new ways of thinking about real estate, Commercial Real Estate Investing offers evidence-tested insights regarding risk-based analytics, valuation challenges, leverage, property and REIT risk metrics, capital markets, inflation, cap rates, liquidity, development, diversification, public policy, investment selection, MSA risk, fees, opportunity funds, and investment advisor failings. I've long been asked by students and practitioners to recommend a book that serves as a strong primer for the industry and have always said that it doesn't exist. Thanks to Randy, now it does. --ETHAN PENNER, Founder and CEO, Mosaic Real Estate Partners; Founder and former CEO, Nomura Asset Capital Corp and Capital Company of America Randy combines his intellect, academic and analytical frameworks, market and product knowledge, and practical experience to the world of real estate investing. It's a unique background and provides a unique perspective and advantage to those of us in the real estate investment business. --MICHAEL FASCITELLI, Founder, MDF Capital; former CEO, Vornado; former partner, Goldman Sachs & Co. Randy eruditely synthesizes data, theory and practical insights into actionable investment strategies, pushing the frontiers of our knowledge in essential ways. --JOSEPH L. PAGLIARI, Jr., Ph.D., CFA, CPA, John Mazarakis and Chicago Atlantic Clinical Professor of Real Estate, The University of Chicago, Booth School of Business