COMM 307 - Real Estate Investment

This course is a one semester study intended to give students the tools for critical analysis of public and private equity positions in existing real estate assets. Project analysis and evaluation are presented within the context of understanding real estate markets as distinct economic phenomenon. The course covers the economics of real estate markets, market analysis, investment analysis tools such as pro-formas (real estate specific discounted cash flow), debt financing of real estate, leasing and property management, appraisal and the pricing of heterogeneous goods, real estate securitization, real estate in a diversified portfolio, and information and process technologies and real estate. Academic lectures are supplemented by a series of guest lectures by local real estate professionals.

Prerequisite: One of COMM 295, ECON 201, ECON 301 and one of COMM 297, COMM 298.