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http://hdl.handle.net/1721.1/41056
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| Title: | 11.432J / 15.427J Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics, Spring 2003 |
| Other Titles: | Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics |
| Authors: | Geltner, David, 1951-
Mcgrath, William Tod |
| Keywords: | investment
finance
commercial real estate
microeconomics
REIT
MBS
real options
land valuation
development project financial analysis
corporate real estate
capital structure
portfolio strategy
equilibrium pricing of asset classes
investment performance measurement
benchmarking
investment management
international real estate investing
11.432J
15.427J
11.432
15.427 |
| Issue Date: | Jun-2003 |
| Abstract: | The evolving organization and operation of real estate capital markets. Sources of real estate capital. Primary and secondary mortgage markets. The investment behavior of real estate assets. The development of REITs and securitized debt markets. Advanced pricing techniques for complex real estate securities. From the course home page: Course Description This course presents some of the major concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding commercial real estate assets. As the second in a two-course sequence, this course focuses on more advanced topics and the "macro" level, which pertains to decisions about collections of many individual real estate assets, that is, portfolio or firm level decisions and investment management considerations. (More fundamental "micro" level analysis, pertaining to individual properties and deals, is covered in 11.431 taught in the fall semester). This course also introduces and surveys the major public capital market real estate vehicles, REITs and MBS. Other topics treated include a selection among such subjects as real options, land valuation, development project financial analysis, corporate real estate, capital structure, portfolio strategy, equilibrium pricing of asset classes, investment performance measurement and benchmarking, investment management, and international real estate investing (not all subjects covered every semester). Students can take 11.432/15.427 without having taken 11.431/15.426 provided they have taken 15.401. Such students may have to do some review of the real estate terminology presented in the earlier course if they are not already familiar with basic real estate finance and investment terminology (see the "Key Terms" listed in the backs especially of Chs.1, 9, 11, 14, 16-18 of the text). |
| URI: | http://hdl.handle.net/1721.1/41056 |
| Other Identifiers: | 11.432J-Spring2003 |
| Appears in Collections: | Urban Studies and Planning (11) - Archived
Sloan School of Management (15) - Archived
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| 11-432JSpring-2003/OcwWeb/Urban-Studies-and-Planning/11-432JReal-Estate-Finance---Investments-II--Macro-Level-Analysis---Advanced-TopicsSpring2003/CourseHome/index.htm | | 16Kb | HTML | View/Open |
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