FINA 691 – (MBA)
Seminar in Real Estate Finance

All files available via FirstClass ONLY.

Prerequisite: MBA 614

This course deals with the central issues in real estate finance and investment. Students will be introduced to basic topics such as the organization of real estate markets, pricing, inflation, taxation, valuation methods, brokerage, ownership forms, and real estate law. In addition, students will conduct a project feasibility study based on the investment and financing criteria. Students will evaluate a project and calculate the payback period, discounted payback period, net present value, internal rate of return, profitability index and discount rate.

The main topics of this course are:

• The real estate investment process
• Participants in the real estate investment process
• The real estate income and cash flow statement
• The real estate pricing puzzle
• Should “companies” own real estate
• Traditional investment criteria
• Traditional appraisal methods
• The financing environment
• Tax reforms and real estate investments