BUS 689 - Advanced Real Estate Finance

This course provides for advanced application of theory and techniques for analysis of the equity position in real estate ownership utilizing readings and cases.  It considers the impact of leverage, creative financing, and federal tax policies and concentrates on the evaluation of the basic productivity of real estate assets based on net cash flows. Particular attention is paid to the operation of the capital markets and portfolio theory. The goal of this course is to give the student an advanced understanding of the process of acquiring, creating, and managing real estate assets.  The emphasis is on the role of the various segments of the private sector in the real estate resource allocation process.  This course utilizes financial skills to evaluate the equity position of the real estate investor and the effect of leverage. Special emphasis is placed on portfolio theory and the role of real estate in mixed asset portfolios.