Real Estate Business Finance

1.5 credits · Undergraduate

The purpose of this course is to introduce undergraduate students to the principles of real estate finance. Upon completion, students will have a fluency in the terminology of real estate finance, and an appreciation of the considerations involved in financial decision-making across different forms of real estate, including office, industrial, retail, multifamily, and residential. Students will learn to read a lease, build a back-of-the-envelope model, construct a multi-year pro forma, size debt, and evaluate an investment using standard performance measures. The course is a combination of lecture and case study. No prior real estate coursework is required. A working comfort with basic spreadsheets and introductory accounting or finance concepts will be helpful but is not assumed. [1.5]