This course is an introduction of real estate finance and investments. Topics include urban economics, appraisal, investment value analysis, financing, and development. Prerequisites: BSAD 180; Business Administration major or minor; minimum Junior standing.
Prereqs enforced by the system: BSAD 180; BSAD, CSIS, EMGT Majors, BSAD Minors, MAcc students; Junior, Senior, or Graduate standing; Required course specific fee of $25; Open to Degree and CDE students.
This course is an introduction of real estate finance and investments with an emphasis on sustainability. As an overview the course will cover the topics of basic property and contract law, urban economics, sustainability, appraisal, brokerage, property management, finance, and investment analysis. This course uses a combination of lectures, case discussions, and projects to study real estate.
At the end of this course, students should be able to: 1. Discuss the uniqueness of real estate markets. 2. Understand the difference between market value and investment value of properties. 3. Understand the legal foundations. 4. Apply the three major methods of appraisal. 5. Calculate mortgage payments and loan amounts. 6. Discuss the residential and commercial mortgage/loan menu. 7. Discuss the market determinants of real estate value. 8. Perform NPV and IRR analysis. 9. Discuss the development process and the management framework. 10. Articulate the importance of sustainable practices.
There will be one interim exam and a final exam, each worth 30% of your grade. There will be an individual research (IR) project, which worth 15% of your grade. There will be an individual interview (InI) project, which worth 5% of your grade. 20% of your grade is based on quizzes/attendance/discussion, mini-cases, assignments, and other projects. For the two exams, students are allowed to use financial and engineering calculators.
Remote (View Campus Map)
to on Monday and Wednesday
Note: These dates may not be accurate for select courses during the Summer Session.
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