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REAL EST 540

PUBLIC REAL ESTATE EQUITY INVESTMENT

3 credits.

Understanding and applying both investment and real estate concepts to the Real Estate Investment Trust (REIT) market. Emphasis is on applying investment and real estate concepts to a specific REIT.

Prerequisites & course information

Requisites: ( REAL EST 410 or 710 ) and ( FINANCE/ECON 300 or 700 ) Course Designation: Core GenEd - Mathematics & Quantitative Reasoning Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Summer 2026 Learning Outcomes: 1. Analyze company and sector performance in a portfolio investment context. Audience: Both Grad & Undergrad 2. Demonstrate effective written and oral communication skills to present course concepts. Audience: Both Grad & Undergrad 3. Demonstrate how macroeconomic conditions affect the commercial property sector and individual company performance. Audience: Both Grad & Undergrad 4. Explain how firms finance investment and why they source particular kinds of financing. Audience: Both Grad & Undergrad 5. Explain the internal and external drivers of REIT value, including the impact of capital structure. Audience: Both Grad & Undergrad 6. Explain what REITs are and how their risk, return, and liquidity characteristics fit in the broader class of real estate assets. Audience: Both Grad & Undergrad 7. Understand and know how to describe the legal/tax context in which REITs operate. Audience: Both Grad & Undergrad 8. Utilize a framework to analyze the operating and financial performance of a chosen REIT from a variety of perspectives. Audience: Both Grad & Undergrad 9. Demonstrate a deeper understanding of capital markets and the pricing of real estate in the public markets. Audience: Graduate Learning Outcomes: 1. Analyze company and sector performance in a portfolio investment context. Audience: Both Grad & Undergrad 2. Demonstrate effective written and oral communication skills to present course concepts. Audience: Both Grad & Undergrad 3. Demonstrate how macroeconomic conditions affect the commercial property sector and individual company performance. Audience: Both Grad & Undergrad 4. Explain how firms finance investment and why they source particular kinds of financing. Audience: Both Grad & Undergrad 5. Explain the internal and external drivers of REIT value, including the impact of capital structure. Audience: Both Grad & Undergrad 6. Explain what REITs are and how their risk, return, and liquidity characteristics fit in the broader class of real estate assets. Audience: Both Grad & Undergrad 7. Understand and know how to describe the legal/tax context in which REITs operate. Audience: Both Grad & Undergrad 8. Utilize a framework to analyze the operating and financial performance of a chosen REIT from a variety of perspectives. Audience: Both Grad & Undergrad 9. Demonstrate a deeper understanding of capital markets and the pricing of real estate in the public markets. Audience: Graduate

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