Advanced Real Estate Investment Analysis Techniques (Spring 2013)

Explore advanced financial economic principles and analytical techniques. Topics include commercial real estate investment and decision analysis, developing financial models at the property and portfolio level, financing and partnership arrangements, preparing financial statements according to GAAP, real estate economics and market cycles, capital structure and return analysis on levered and unlevered cash flows, the effect of leverage on weighted average cost of capital (WACC), investment return, quantifying debt service and modeling amortization schedules, refinancing and prepayment decisions, waterfall arrangements in cash flow distribution, time weighted returns, management fees, hedging techniques, mitigation of foreign exchange, interest rate risk, and simulation techniques to measure risk at the property and portfolio level.