A comprehensive primer built from a decade of active CRE operations. Covers deal underwriting, distribution structures, and how to evaluate operators — written for investors who want to actually understand what they’re putting money into.
What’s Inside — 8 Chapters
The BrightStar Guide to Commercial Real Estate Investing
→Property types, classes, and what drives value in each
→The five pillars of CRE returns: cash flow, appreciation, amortization, tax, forced equity
→Core metrics: NOI, cap rate, IRR, cash-on-cash, DSCR, equity multiple
→Capital stack and waterfall structures — how your money actually moves
→How to evaluate a real estate sponsor before you write a check
→Tax optimization: depreciation, cost segregation, 1031 exchanges
