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11.432J / 15.427J Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics, Spring 2003

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Show simple item record Geltner, David, 1951- en_US Mcgrath, William Tod en_US
dc.coverage.temporal Spring 2003 en_US 2003-06
dc.identifier 11.432J-Spring2003
dc.identifier local: 11.432J
dc.identifier local: 15.427J
dc.identifier local: IMSCP-MD5-a88bb91d1d4d2be1a78fbc5243ed1cd9
dc.description.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). en_US
dc.language en-US en_US
dc.rights.uri Usage Restrictions: This site (c) Massachusetts Institute of Technology 2003. Content within individual courses is (c) by the individual authors unless otherwise noted. The Massachusetts Institute of Technology is providing this Work (as defined below) under the terms of this Creative Commons public license ("CCPL" or "license"). The Work is protected by copyright and/or other applicable law. Any use of the work other than as authorized under this license is prohibited. By exercising any of the rights to the Work provided here, You (as defined below) accept and agree to be bound by the terms of this license. The Licensor, the Massachusetts Institute of Technology, grants You the rights contained here in consideration of Your acceptance of such terms and conditions. en_US
dc.subject investment en_US
dc.subject finance en_US
dc.subject commercial real estate en_US
dc.subject microeconomics en_US
dc.subject REIT en_US
dc.subject MBS en_US
dc.subject real options en_US
dc.subject land valuation en_US
dc.subject development project financial analysis en_US
dc.subject corporate real estate en_US
dc.subject capital structure en_US
dc.subject portfolio strategy en_US
dc.subject equilibrium pricing of asset classes en_US
dc.subject investment performance measurement en_US
dc.subject benchmarking en_US
dc.subject investment management en_US
dc.subject international real estate investing en_US
dc.subject 11.432J en_US
dc.subject 15.427J en_US
dc.subject 11.432 en_US
dc.subject 15.427 en_US
dc.subject Real estate investment en_US
dc.title 11.432J / 15.427J Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics, Spring 2003 en_US
dc.title.alternative Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics en_US

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