Real Estate Financial Decision Making

Catalog description

Predominantly case-based course that sources ideas covered in previous real estate and finance coursework and applies them to real-world situations in the context of commercial real estate. Financial modeling using Excel addresses specific issues presented in case studies and offers critical insight, analysis and recommendations to resolve these issues. Group work and effective communication/presentation skills are integral. Begins with a review of valuation techniques that heavily concentrates on discounted cash flow valuation as applied to different types of commercial properties. Pays particular attention to the economics underlying these investments. Cases involving more advanced concepts follow, such as land valuation using real options valuation techniques and equity waterfalls. Examines cases that bring together these techniques in 'tricky' real estate situations, e.g., when projects unexpectedly become underfunded or when economic climate unexpectedly changes. Provides a sound understanding of how to apply real estate valuation techniques, financial principles and critical thinking in a variety of real estate situations.