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

Brené Brown on Values, Vulnerability, and Playing to Win

At a recent Authors@Wharton event, Adam Grant spoke with award-winning researcher Brené Brown about her new book, 'Strong Ground.'Read More

Knowledge @ Wharton - 12/22/2025
Data-First Leadership in the Age of AI

In this Nano Tool for Leaders, Sajjad Jaffer, co-founder of Two Six Capital, offers tips on how to translate data into business value.Read More

Knowledge @ Wharton - 12/22/2025
Adopting AI: Starting Small While Thinking Big

In a recent episode of the 'Where AI Works' podcast, Wharton’s Peter Cappelli spoke with Jabil’s Vivian Sun about how her company became an early adopter of AI technology.Read More

Knowledge @ Wharton - 12/22/2025