About the Urban Land Institute
THE URBAN LAND INSTITUTE is a global, member-driven organization comprising more than 45,000 real estate and urban development professionals dedicated to advancing the Institutes mission of shaping the future of the built environment for transformative impact in communities worldwide.
ULIs interdisciplinary membership represents all aspects of the industry, including developers, property owners, investors, architects, urban planners, public officials, real estate brokers, appraisers, attorneys, engineers, financiers, and academics. Established in 1936, the Institute has a presence in the Americas, Europe, and Asia Pacific regions, with members in 80 countries.
The extraordinary impact that ULI makes on land use decision-making is based on its members sharing expertise on a variety of factors affecting the built environment, including urbanization, demographic and population changes, new economic drivers, technology advancements, and environmental concerns.
Peer-to-peer learning is achieved through the knowledge shared by members at thousands of convenings each year that reinforce ULIs position as a global authority on land use and real estate. In 2021 alone, more than 2,700 events, both virtual and in person, were held in cities around the world.
Drawing on the work of its members, the Institute recognizes and shares best practices in urban design and development for the benefit of communities around the globe.
More information is available at uli.org. Follow ULI on Twitter, Facebook, LinkedIn, and Instagram.
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Copyright 2023 by the Urban Land Institute
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Recommended bibliographic listing:
Peiser, Richard B., David Hamilton, Sofia Dermisi, Nick Egelanian, and Suzanne Lanyi Charles, Professional Real Estate Development: The ULI Guide to the Business. Fourth Edition. Washington, DC: Urban Land Institute, 2023.
ISBN: 978-0-87420-477-3
Front cover photos, from top: Roman Babakin/Shutterstock; Mike Mareen/Shutterstock; i viewfinder/Shutterstock; Suzanne Lanyi Charles Back cover photos, from top: Talon Private Capital; Storybuilt; Steiner + Associates; Matthew Milman
About the Authors
RICHARD B. PEISER, PHD, is the first Michael D. Spear Professor of Real Estate Development in the Department of Urban Planning and Design at the Harvard University Graduate School of Design (GSD). He founded and served as the first director of the university-wide Real Estate Academic Initiative as well as the universitys highest-level real estate executive training curriculum, the Advanced Management Development Program. He is past director of the Master in Design Studies concentration in real estate and past director of the Urban Planning program at GSD. Before coming to Harvard, he founded the Master of Real Estate Development program and the Lusk Center at the University of Southern California.
Professor Peisers primary research focuses on developing an understanding of the response of real estate developers to the marketplace and to the institutional environment in which they operate, particularly in the areas of urban redevelopment, affordable housing, and suburban sprawl. His current research focuses on mixed-use development, urban sprawl, property technology, and new towns. His latest book, New Towns for the 21st Century, with Ann Forsyth was published by the University of Pennsylvania Press in 2021. His book, Professional Real Estate Development: The ULI Guide to the Business, is one of the Urban Land Institutes all-time best sellers.
Professionally, he has developed housing, apartments, land, and industrial properties in Texas, California, and China, and has served as the lead expert witness in a series of high-profile cases on affordable housing, apartment investments, real estate investment trusts, golf courses, master-planned communities, and most recently a major fraud case prosecuted by the Federal Trade Commission on a resort community in Belize.
Peiser was born in Houston and grew up in Dallas. He received a BA from Yale University, an MBA from Harvard University, and a PhD in land economy from Cambridge University. He has held teaching appointments at Stanford and Cambridge universities and at Southern Methodist University in Dallas; he has also been a Visitor to Seoul National University, the University of Ulster, the University of Regensburg, Tsinghua University, and Ardhi University in Tanzania. He is a governor and trustee of the Urban Land Institute and former coeditor of the Journal of Real Estate Portfolio Management. He served on the board of the publicly traded Berkshire Income Realty and currently serves on a number of advisory boards for private equity companies as well as the Board of Trustees for Mount Auburn Cemetery and the Board of Councilors for the Native Plant Trust.
DAVID HAMILTON is a principal at Geobarns and a visiting professor at the Harvard University Graduate School of Design. Trained as an architect, Hamilton has managed innovative real estate development projects at a variety of scales, ranging from medical and university campuses to award-winning high-tech office and R&D spaces. As a codirector of the Cambridge Innovation Center, he managed the design and construction of a model coworking and incubation space for technology-related businesses. As a principal of Qroe Farm Preservation Development, Hamilton led project design, entitlement, and construction efforts for conservation development projects in New England and the mid-Atlantic. At Geobarns, he advises teams on the development of agricultural-residential communities. His primary research interest is the future of productive and ecologically valuable landscapes under development pressure. To that end, he has led teams developing rural hospitality and agritourism destinations and designing facilities for wine, distilling, and other artisanal food and beverage businesses.
Hamilton has contributed to various ULI publications on topics ranging from inner-ring suburban regeneration to land use regulation and conservation development. He teaches real estate finance and development courses at Harvards Graduate School of Design (GSD) and introductory courses on the built environment at Middlebury College. He is a graduate of Middlebury College (BA) and Harvard GSD (MArch). He lives in Middlebury, Vermont, where he is active in local land use, governance, economic, and affordable housing issues.
DR. SOFIA DERMISI is the Lyon and Wolff Endowed Professor of Real Estate in the Runstad Department of Real Estate, professor of Urban Design and Planning, and director of graduate real estate programs at the University of Washingtons College of Built Environments (UW-CBE). Before joining UW in 2014, she was the Pasquinelli Distinguished Chair at Roosevelt Universitys Heller College of Business where she developed the MBA-RE curriculum and established the MSRE program.
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