REAL 6205 - Real Estate Financial Modeling

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

Prerequisite: HADM 2221, HADM 3210, HADM 4200, or HADM 6200. Undergrad students must enroll in HADM 4205. Co-meets with HADM 4205.

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.