Stephan E. Roulac is president of Questor Associates, a San Francisco based national financial consulting and information services firm with a particular specialization in real estate. He is a member of the faculties of the Hastings Law School and the Stanford Graduate School of Business, and holds a B.A. from Pomona College, M.B.A with distinction from Harvard Business School, J.D. from Boalt Hall Law School, University of California, Berkeley, and Ph. D from Stanford Graduate School of Business. Among his publications are Modern Real Estate Investment and Real Estate Investment and Finance.