The economic role of financial markets and institutions and how financial decisions are made by financial institutions. Paper presentation and critiques by doctoral students, faculty, and visiting scholars. Designed for students with a master's degree in the field of study or for students who have been accepted for a doctoral program. Not open to students who have been admitted to candidacy. Valuation of all property types and investment analysis of income-producing properties.
Case studies illustrate and teach application of appraisal methodology to typical assignment.
Role of real estate in corporate settings and relationship between corporate and real estate objectives. Globalization of real estate markets and increasing importance of international business. Also potential variation in home mortgage product design and issues that dictate mortgage choice. Property acquisition analysis, leasing, effects of debt financing and taxes, risk and return considerations, real estate limited partnerships, real estate investment trusts, and portfolio theory. Analysis of market segmentation, information, dynamics, growth and change, and uncertainty.