ABSTRACT
Real estate is structurally shifting toward walkable urban development. This structural shift affects every aspect of the industry from site acquisition, construction, design, property, and asset management to finance and place management, a new field. This chapter focuses on the financing and investment in real estate in this structurally new era, contrasting it to the previous era (drivable suburban), in which most financial professionals learned their skills and gained their experience. It also touches on the needed skill set changes for the real estate development and investment industry to adapt to this new era. In essence, the skill sets and experience learned in the drivable suburban era have to be completely modified to the new walkable urban era. Applying the previous era’s skill sets to the current will lead to substantial under performance and even failure.
