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.

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