A4312 Real Estate Finance
Methods/Practice ElectiveHarold K. Bell
INTRODUCTION
An introduction to economic decision making with regard to income-producing properties, through case study examinations of the effects of feasibility studies, political restraints, pioneering, financing, methods of leverage, taxation, and investment return. Successful and unsuccessful suburban and urban multifamily housing, shopping center, rehabilitation and renovation, and office building projects.
TOPICS
1. Principals of Real Estate Finance
2. Investment Theory; Time Frames; Appraisal
3. Land Use
4. Risk Management
5. Residual Land Values and Residual Building Values
6. Financing
7. Real Estate Issues
8. Clients; Patterns of Development
9. Urban Development Corporation
10. Public/Private partnerships
11. Public vs. Private benefits
PRIMARY READINGS
Britton and Lewis, Financing Income Producing Real Estate
Leontif, The Structure of Development
Meyerson and Baufield, Politics, Planning and the Public Interest
Mcharg, Design with Nature
McPhee, Encounters with the Archdruid
Paulson, The Great Land Hustle
Pevlmuth, Politics of Land
Rahenkamp and Sachs, Impact Zoning
Zeckendorf, The Autobiography of William Zeckendorf
Zoning Handbook: A Guide to the Zoning Resolution of New York
COURSE REQUIREMENTS
Final exam; Problems test