An intensive study of investment alternatives. The development and application of modern portfolio theory. Survey of the basic principles, concepts, and practices underlying the management, protection, and conservation of real property, personal property, and human resources of an organization. Risk management techniques studied include assumption, transfer, insurance and loss prevention, and reduction. The course includes study of health insurance, life insurance, property and liability insurance, annuities, and social insurance.
Emphasis is on current events and recent trends in the real estate field.
Application areas include cash management, capital budgeting, security analysis and portfolio theory, and the interaction between investment and financing decisions. Analysis of factors that determine the investment returns and value of real estate versus the alternatives. Decision making from the perspective of institutional, as well as individual, investors will be examined. Estimation of risk and return will be explored in an individual property and portfolio context. Included will be a review of current research in these areas, the implications of the results, and what further research will be indicated in these areas.