Advanced Real Estate Investment Analysis

This course examines selected techniques and issues in the area of real estate finance and investment. Financial concepts and models are applied to real estate analysis so students can develop a better understanding of investment in the real estate market. After the introductory section and a brief review of the fundamentals of real estate finance, the course will introduce the design and valuation of mortgage instruments, which includes the valuation of alternative (creative) mortgage securities and mortgage underwriting and agency (ethics) problems. The course will then review the fundamentals of real estate investment analysis, with a special emphasis on the expanding role of pension funds and other institutional investors in real estate markets. The importance of using international diversification strategies will also be discussed.