Spring 2016

Fundamental principles of real estate analysis; economics; capital markets; development decision making; relationships between real estate markets and federal, state and local government policies; property value.

Principles of real estate analysis; captial markets; importance of uncertainty and metrics of risk; investments; valuation techniques; use of debty and equity, leases, taxes;

Fundamental economic theories; analytical techniques; practical applications for market analysis of various forms of real estate.

Quantitative problem solving using computerized modeling. Complex debt financing, including lender participation, subordination, joint venture structuring, systematic treatment of real estate portfolios.

Advanced topics in finance applied to cases and problems of real estate development; emphasis on structuring, finance, and evaluation of various types of development projects.

Ownership and transfer of real estate; formation and enforcement of contracts; business associations; environmental regulation; taxation of property transfers; acquiring, financing, leasing of commercial property.

Physical implementation of development projects. Students will develop concept plan, preliminary design, and marketing plan for selected domestic and/or international development sites.

Research leading to the master's degree. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC.

An evaluation of various real estate development product types. Case studies and site visits.