Real Estate Finance

Catalog description

Provides an overview of the real estate capital markets, debt and equity and the links between capital and investment market trends. Covers residential markets including housing finance, loan qualification and housing subsidies. Focus then shifts to commercial cash-flowing investments at the individual property and portfolio levels. In the debt markets, covers first mortgage lending, first mortgage lending for securitization, commercial mortgage-backed securities (CMBS) and subordinate debt structures. In the equity markets, discusses private markets participants including pension funds, sovereign wealth funds, high net worth individuals and private equity investment strategies, as well as public market vehicles such as real estate investment trusts (REITs). Reviews topics in the context of the structural, risk and return dynamics from the perspectives of both capital providers and property investors. Also discusses real estate development projects.