| Course ID: | REAL 7810. 1.5 hours. |
| Course Title: | Real Estate Investments |
Course
Description: | Quantitative techniques for analyzing equity investments in
real estate. Emphasis is placed on the effects of financial
leverage and taxation on investment performance. These are
addressed at the single property and portfolio levels. Students
must analyze the investment performance of a REIT and its
sector. |
| Oasis Title: | REAL ESTATE INVEST |
| Duplicate Credit: | Not open to students with credit in REAL 9810 |
| Prerequisite: | REAL 7800 |
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 |