Kenneth M. Lusht, Ph.D., MAI, is Professor of Business Administration and Zimmerman Endowed University Fellow in the Smeal College of Business at Penn State University. Dr. Lusht serves as Chairman of the Department of Insurance and Real Estate. He has served as Associate Dean for Research and Director of the Doctoral and MS Programs, Director of the Institute for Real Estate Studies, and Academic Program Director for the Continuing Education Program in Real Estate. He is a Fellow of the Homer Hoyt Institute, has served as a Faculty Associate of the Lincoln Institute of Land Policy, and as a Trustee of the Appraisal Foundation. He has served on the Board of Trustee of the Center for Economic Studies, and has been a visiting scholar at universities in Australia, New Zealand, Hong Kong, Singapore, Turkey and Finland. He has been a member of the Education Advisory Committee to the Pennsylvania Real Estate Commission. Lusht is a past president of the American Real Estate and Urban Economics Association, and has served two terms on that Association's Board of Directors. Dr. Lusht has received three Excellence in Teaching Awards from the M.B.A. Student Association, and has been the College of Business nominee for two teaching awards at the University level. He teaches for various trade associations. Dr. Lusht is widely published in both academic and professional journals and is the author of three texts. He has authored several seminars, and co-authored two courses for professional appraisal associations.

Real Estate Valuation is written from the perspective that principles and applications are more important than processes. While detailed solutions are included for a wide variety of appraisal problems, the emphasis is always on the principle, not on how to crunch the numbers through a "formula." The goal is to teach students to think about valuation in a logical, intuitive way, so they can creatively solve real-world problems.