48-741 Real Estate Finance & Investing Seminar
3 units, Carnegie Mellon University
Real Estate Investment is a broad field requiring both operational and financial expertise. It is a deeply local business that requires detailed knowledge of the physical property, market dynamics, and investment participants debt equity providers. Real Estate is an Alternative Investment Product that is secured by a physical asset. As such, the industry has its own institutional features and investment structures. This workshop aims to provide a broad overview of the real estate field directly applied to investment analysis. Topics will include o Financial Analysis of Real Estate Investments o Real Estate Appraisal and Valuation o Approaches to Real Estate Investment o Financial Structuring Debt Equity Analysis o Investment Alternative Analysis including IRR, NPV and ATCF Comparison Students will learn to analyze Real Estate investment opportunities in the context of specific risk and return criteria. After taking this workshop students will learn what kind of investment risk they feel comfortable taking o Stabilized Real Estate Investor stable cash flow requiring management o Value Add Real Estate Investor implement a CAPEX plan to achieve stable cash flows o Real Estate Development implement a Construction plan to generate cash flows Prerequisites o Real Estate Design Development 48725 or equivalent Introduction to Real Estate Course. o Students will be required to have intermediate level facility with Microsoft Excel and Word.
Prerequisites: none listed
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