Course Description
Designed for graduate students with an interest in real estate decision making, and more specifically in analyzing an equity investment in commercial real estate. Students will learn about space and asset markets, investment returns, discount and cap rates, cash flows, debt leverage and income taxes. These core competencies will be used to develop models of actual investment properties.
Athena Title
Real Estate Invest Analysis
Equivalent Courses
Not open to students with credit in REAL 7800, REAL 7810
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
1. Students will learn how to analyze an investment opportunity, including the technical aspects that impact the performance and risk of the investment. 2. Students will gain an understanding of how real estate fits into an investment portfolio. 3. Through class projects, students will have the opportunity to develop their skills working with others on teams with common goals. 4. Students will enhance their skills in critical and quantitative thinking as well as their ability to write a persuasive and convincing document.
Topical Outline
1. Real estate system 2. Investment returns 3. Net present value 4. Cash flows and discount rates 5. Leverage 6. Income taxes 7. Investment models 8. REITs 9. Portfolio theory
Syllabus