Alan Feldman

Alan Feldman
  • Lecturer of Real Estate

Contact Information

  • office Address:

    4th Floor Dinan Hall
    3733 Spruce Street
    Philadelphia, PA 19104-6301

Overview

Professor Alan Feldman is the founder and principal of CPTL advisors.  He is also a Senior Fellow at the Zell Lurie Real Estate Center of the Wharton School of the University of Pennsylvania, where he has taught Real Estate Development for the past 10 years.

Most recently he served as Chairman and CEO of Resource REIT (“Resource”), a multifamily owner and operator, prior to its sale to Blackstone in May 2022.  At Resource, he helped craft the firm’s overall real estate investment strategy and oversaw management of the firm’s real estate and securities portfolios for Resource and its affiliated entities for the past 20 years.

Prior to Resource, he held leadership roles at Lazard, Freres & Co. and at Pennsylvania REIT.   He has B.S. and M.S. degrees in Chemical Engineering from Tufts University with honors and an M.B.A from the Wharton School.

Continue Reading

Teaching

Current Courses (Fall 2025)

  • ARCH7680 - Real Estate Development

    This course evaluates "ground-up" development as well as re-hab, re-development, and acquisition investments. We examine raw and developed land and the similarities and differences of traditional real estate product types including office, R & D, retail, warehouses, single family and multi-family residential, mixed use, and land as well as "specialty" uses like golf courses, assisted living, and fractional share ownership. Emphasis is on concise analysis and decision making. We discuss the development process with topics including market analysis, site acquisition, due diligence, zoning, entitlements, approvals, site planning, building design, construction, financing, leasing, and ongoing management and disposition. Special topics like workouts and running a development company are also discussed. Course lessons apply to all markets, but the class discusses U.S. markets only. Throughout the course, we focus on risk management and leadership issues. Numerous guest lecturers who are leaders in the real estate industry participate in the learning process. Format: predominately case analysis and discussion, some lectures.

    ARCH7680401

  • REAL3210 - Real Estate Development

    This course evaluates "ground-up" development as well as re-hab, re-development, and acquisition investments. We examine raw and developed land and the similarities and differences of traditional real estate product types including office, R & D, retail, warehouses, single family and multi-family residential, mixed use, and land as well as "specialty" uses like golf courses, assisted living, and fractional share ownership. Emphasis is on concise analysis and decision making. We discuss the development process with topics including market analysis, site acquisition, due diligence, zoning, entitlements, approvals, site planning, building design, construction, financing, leasing, and ongoing management and disposition. Special topics like workouts and running a development company are also discussed. Course lessons apply to all markets, but the class discusses U.S. markets only. Throughout the course, we focus on risk management and leadership issues. Numerous guest lecturers who are leaders in the real estate industry participate in the learning process. Format: predominately case analysis and discussion, some lectures.

    REAL3210401 ( Syllabus )

  • REAL8210 - Real Estate Development

    This course evaluates "ground-up" development as well as re-hab, re-development, and acquisition investments. We examine raw and developed land and the similarities and differences of traditional real estate product types including office, R & D, retail, warehouses, single family and multi-family residential, mixed use, and land as well as "specialty" uses like golf courses, assisted living, and fractional share ownership. Emphasis is on concise analysis and decision making. We discuss the development process with topics including market analysis, site acquisition, due diligence, zoning, entitlements, approvals, site planning, building design, construction, financing, leasing, and ongoing management and disposition. Special topics like workouts and running a development company are also discussed. Course lessons apply to all markets, but the class discusses U.S. markets only. Throughout the course, we focus on risk management and leadership issues. Numerous guest lecturers who are leaders in the real estate industry participate in the learning process. Format: predominately case analysis and discussion, some lectures.

    REAL8210401 ( Syllabus )

All Courses

  • ARCH7680 - Real Estate Development

    This course evaluates "ground-up" development as well as re-hab, re-development, and acquisition investments. We examine raw and developed land and the similarities and differences of traditional real estate product types including office, R & D, retail, warehouses, single family and multi-family residential, mixed use, and land as well as "specialty" uses like golf courses, assisted living, and fractional share ownership. Emphasis is on concise analysis and decision making. We discuss the development process with topics including market analysis, site acquisition, due diligence, zoning, entitlements, approvals, site planning, building design, construction, financing, leasing, and ongoing management and disposition. Special topics like workouts and running a development company are also discussed. Course lessons apply to all markets, but the class discusses U.S. markets only. Throughout the course, we focus on risk management and leadership issues. Numerous guest lecturers who are leaders in the real estate industry participate in the learning process. Format: predominately case analysis and discussion, some lectures.

  • REAL3210 - Real Estate Development

    This course evaluates "ground-up" development as well as re-hab, re-development, and acquisition investments. We examine raw and developed land and the similarities and differences of traditional real estate product types including office, R & D, retail, warehouses, single family and multi-family residential, mixed use, and land as well as "specialty" uses like golf courses, assisted living, and fractional share ownership. Emphasis is on concise analysis and decision making. We discuss the development process with topics including market analysis, site acquisition, due diligence, zoning, entitlements, approvals, site planning, building design, construction, financing, leasing, and ongoing management and disposition. Special topics like workouts and running a development company are also discussed. Course lessons apply to all markets, but the class discusses U.S. markets only. Throughout the course, we focus on risk management and leadership issues. Numerous guest lecturers who are leaders in the real estate industry participate in the learning process. Format: predominately case analysis and discussion, some lectures.

  • REAL3990 - Independent Study

    All independent studies must be arranged and approved by a Real Estate department faculty member.

  • REAL8210 - Real Estate Development

    This course evaluates "ground-up" development as well as re-hab, re-development, and acquisition investments. We examine raw and developed land and the similarities and differences of traditional real estate product types including office, R & D, retail, warehouses, single family and multi-family residential, mixed use, and land as well as "specialty" uses like golf courses, assisted living, and fractional share ownership. Emphasis is on concise analysis and decision making. We discuss the development process with topics including market analysis, site acquisition, due diligence, zoning, entitlements, approvals, site planning, building design, construction, financing, leasing, and ongoing management and disposition. Special topics like workouts and running a development company are also discussed. Course lessons apply to all markets, but the class discusses U.S. markets only. Throughout the course, we focus on risk management and leadership issues. Numerous guest lecturers who are leaders in the real estate industry participate in the learning process. Format: predominately case analysis and discussion, some lectures.

  • REAL8990 - Independent Study

    All independent studies must be arranged and approved by a Real Estate Department faculty member.

Knowledge at Wharton

What’s Behind the Endless Breakup-Merger Cycle?

Ferrero’s acquisition of WK Kellogg is the latest in the breakup-merger cycle among consumer packaged goods firms. Wharton’s Emilie Feldman explains why it won’t be the last.Read More

Knowledge @ Wharton - 9/16/2025
Is Housework Holding Back Wage Equality?

New research from Wharton’s Corinne Low links unequal domestic workloads to stalled progress on closing the wage gap — and even declining marriage rates.Read More

Knowledge @ Wharton - 9/16/2025
How Subjectivity Affects Stock Prices and Firm Valuations

Stock prices get corrected for good or bad news over much longer periods than is commonly expected, which explains both short-term returns and the level of firm valuation, according to a recent paper.Read More

Knowledge @ Wharton - 9/16/2025