The case studies presented in the textbook include Forest and Palm Grove.Both cases show the reader that neither of these projects should have been undertaken because:

A.A review of applicable data indicated a severe lack of support for the projects.

B.Environmental standards in both communities were too strict.

C.Capital gains tax rates were prohibitive in the states wherein the properties were located.

D.Neither property met the "life-safe" construction standard in use at the time.

E.Neither investor group was experienced in the property market niche