Real Estate Investment and Capital Markets Course

Scheduled Course Offerings
May 17 - July 19, 2012
8 week Course
Course details
Online - 2 hours each Thursday (Noon - 2 p.m. EST)

This course examines the convergence of real estate and the capital markets by covering the structure and operation of the private and public, debt and equity real estate capital markets, as well as derivative markets that involve real estate. A thorough range of topics in equity real estate investment are examined including: private equity markets, private equity deal structuring, public and private real estate investment trusts (REITs), problems in measuring risk and return, structuring optimal portfolios, portfolio valuation issues, valuing publicly traded real estate securities, performance evaluation and attribution, and real estate risk management techniques. This course also covers a variety of topics in commercial real estate debt markets including: the structure of the U.S. mortgage finance system, and the valuation of mortgages and commercial mortgage-backed securities.

Learning Objectives:

• Understand the size, structure and players of the real estate capital markets for public and private debt and public and private equity
• Recognize the risks and returns inherent in the real estate capital markets and how to assess investment performance
• Appraise the operation and future of commercial securitized mortgage markets
• Explain how mortgage lenders and equity investors analyze, manage and hedge risk
• Distinguish the types and structure of REITs, and to be able to analyze their funds from operations (FFOs) and Net Asset Values (NAVs)
• Identify real estate's role as part of a mixed-asset portfolio
• Recognize trends and patterns in the evolving and turbulent real estate capital markets