REAL 7810: Real Estate Investments

This course is designed to provide the student with an understanding of modern real estate investment. The first half of the course extends the basic principles and methods of real estate valuation to address investment analysis at the owner-level, yet while still retaining an individual property focus. After examination of alternative measures of investment performance and, more generally, the concept of returns, follows coverage of the effects of leverage and income taxes on real estate investment returns. The course emphasis then turns to investment analysis at the aggregate property level. Specific topics addressed in the latter half of the course include portfolio theory, asset pricing theory, REIT valuation, and issues related to real estate investment management. Offered every year.

Not open to students with credit in REAL 9810. Prerequisite: REAL 7800.

1.5 hours