HADM 6280 - Real Estate Finance and Investments

Spring. 3 credits. Letter grades only (no audit).

Prerequisite: HADM 4200 or HADM 6200 or REAL 6200. Enrollment limited to: Baker Program in Real Estate and NSHA graduate students; others permission of instructor required. Undergraduate students should enroll in HADM 4280. Co-meets with HADM 4280.

A. Tchistyi.

This course promotes sound real estate investment and finance decision making through the use of advanced theory and techniques in financial economics. Real estate investment decisions are made from applications of an extended version of the after-tax discounted cash flow model and other valuation models, including option pricing and regression models. Financing decisions are made using the techniques of modern financial analysis. A wide array of equity and debt financing options are considered including partnership agreements and commercial mortgages. Securitization of equity and debt claims to real estate also are covered. All types of income-producing residential and nonresidential real estate are analyzed, including hospitality properties.