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.

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Athena Title

Real Estate Investment

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Equivalent Courses

Not open to students with credit in REAL 7600, REAL 7810

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Prerequisite

REAL 4000 or REAL 4000E or REAL 4000H

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Semester Course Offered

Offered every year.

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Grading System

A - F (Traditional)

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Student Learning Outcomes

• Students will develop a comprehensive real estate proforma and apply it to analyze the risk and return of an equity investment in an income-producing property.
• Students will evaluate alternative ownership decisions to recommend the optimal strategy for managing a real estate investment.
• Students will interpret the interactions and distinctions among the three major markets within the Real Estate System.

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Topical Outline

• Real Estate Space and Asset Market
• Present Value Mathematics for Real Estate
• Measuring Investment Performance
• DCF and NPV
• The Proforma
• The Effects of Leverage
• Income Taxes
• On-going Investment Decisions
• REITs

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Institutional Competencies

Analytical Thinking

The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.

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Syllabus

Select Faculty / Instructor to download syllabus:   Hayunga, Darren   Hayunga, Darren

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