Real Estate Investment Analysis

1.00 credits · Undergraduate

This course extends the techniques learned in REM400 to study the nature of credit and interest rate risk in mortgages, the management of real estate portfolios and the means of hedging risk in such portfolios through the use of derivative securities. Students will learn (i) contingent claims methods to value risky mortgage loans, (ii) the use of arbitrage pricing theory to value mortgage securities and (iii) equity investment methods in income-producing properties.