HADM 4205 - Real Estate Financial Modeling

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

Prerequisite: HADM 2221 or HADM 3210 or HADM 4200. Graduate students must enroll in REAL 6205. Satisfies HADM or free electives for Nolan School students. Co-meets with HADM 6205/REAL 6205.

D. Lebret.

This course covers the basic financial models and frameworks used throughout the real estate industry today. In this introductory course, students will focus exclusively on a rigorous cash flow construction and scenario analysis to include the impact of deterministic inputs in ex-ante decision making. The course covers extensively the modeling of simple lease structures (for different property types), conventional and exotic debt instruments and simple equity waterfalls.