Course ID: | REAL 5090. 3 hours. |
Course Title: | Real Estate Investment |
Course Description: | Quantitative methods for analyzing equity investment in real estate, primarily larger income-producing properties. The analysis includes the effects of financial leverage, income taxes, and unique selling strategies on investment performance. Students determine investment decisions for several potential purchases as well as a current portfolio property. REIT portfolios are also discussed. |
Oasis Title: | Real Estate Investment |
Prerequisite: | REAL 4000 or REAL 4000H or REAL 4000E |
Semester Course Offered: | Offered every year. |
Grading System: | A-F (Traditional) |
|
Course Objectives: | This class develops techniques for analyzing equity investments
in real estate. Most of the course focuses on investment
analysis from the single property perspective. The last section
of the course considers real estate portfolios. Main topics
include the economics of investments, return measures, the
implication of financial leverage and taxation for investment
performance, portfolio theory and REITs. This class is intended
to provide the background for students to become real estate
financial analysts in various sectors. |
Topical Outline: | The Economics of Investments
Real Estate Markets & the Real Estate System
Present Value Math for Real Estate
Investment Returns
DCF and NPV
Discount rates
The effect of leverage
Taxes
Portfolio Theory and Asset Pricing
REITs |