Real Estate Valuation and Investment

(3 Credit Hours) · Undergraduate

This course aims to provide a comprehensive understanding of the principles of real estate investments and finance, and of how to apply these principles to actual investment decisions. We will cover real estate investment analysis, valuation and financing at the “micro” (individual property) level. As part of this, we will learn the fundamentals of pro-forma construction, including a brief introduction to the software Argus. We will also discuss more advanced topics, such as real options, distress, and portfolio analysis. The course culminates in a hands-on project, in which the students work in groups on the valuation of a real estate listing.