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Pla4312-2 / Fall 2019

Real Estate Finance II: Case Studies

Building on the fundamental analytical tools and methods of Real Estate Finance I, this course extends the investigation to the financial aspects of the development and construction phase, and to the equity investment structures and returns for real estate deals: The development and construction phase comprises the following analytical processes: quick Back-of-the-Envelope analysis, evaluating Highest & Best Use, establishing sources and uses for the project, formulating the construction loan and repayment, valuation of completed project, and project returns. These tools and methods will be learnt and applied to example situations and case studies. Real estate investors can choose among many vehicles through which to gain equity exposure, and the structuring of the deal’s capital stack to achieve maximized returns, the alignment of interests, liquidity, operator incentives, and tax-efficiency provides added complexity. Specifying the format and timing of the investors’ returns on the deal requires advanced cash flow modeling. Various equity structures are reviewed to determine the associated cash flow patterns and tax implications, paying particular attention to limited partnership promotes and waterfall distributions. Additionally, the utilization of the REIT and UPREIT structures to finance acquisitions will be introduced.
Location & Time
113 AVERY HALL
TH 6:30 PM - 8:30 PM
Session & Points
FULL SEMESTER
3 Points
Requirements
RED ONLY
Call Number
41415
Other Semesters & Sections
Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
Pla4312‑1 Fall 2019
Real Estate Finance II: Case Studies
Chris Munsell, Steven Bloom RED ONLY
113 AVERY HALL
TH 4 PM - 6 PM
FULL SEMESTER
3 Points
41414
Pla4312‑1 Fall 2018
Real Estate Finance II: Case Studies
Steven Bloom, Maria Kastanis Syllabus M.S. RED Only
113 Avery
M 2 PM - 4 PM
Full Semester
3 Points
28696
Pla4312‑2 Fall 2018
Real Estate Finance II: Case Studies
Steven Bloom, Maria Kastanis Syllabus M.S. RED Only
200 Fayerweather South
M 2 PM - 4 PM
Full Semester
3 Points
29029
Pla4312‑1 Fall 2017
Real Estate Finance 2: Case Studies
Patrice Derrington, Steven Bloom Syllabus Required, RED Only
113 Avery
M 9 AM - 11 AM
Full Semester
3 Points
21346
Pla4312‑2 Fall 2017
Real Estate Finance 2: Case Studies
Patrice Derrington, Steven Bloom Syllabus Required
200 Fayerweather South
M 9 AM - 11 AM
Full Semester
3 Points
21796
Pla4312‑1 Fall 2016
REAL ESTATE FINANCE II: Case Studies, RE FINANCE TUTORIAL
Patrice Derrington, Johnny Din Syllabus REQUIRED
113 AVERY, 200S FAYERWEATHER
M 9 AM - 11 AM, RE FINANCE TUTORIAL W 4 PM - 6 PM
FULL SEMESTER
3 Points
11781
Pla4312‑1 Fall 2015
REAL ESTATE FINANCE II: CASE STUDIES
Patrice Derrington
113 AVERY, 200 S FAY
M 9 AM - 11 AM; TUTORIAL A W 4 - 6PM, TUTORIAL B W 6 - 8PM
FULL SEMESTER
3 Points
96646
Pla4312‑1 Fall 2014
RE FINANCE II: CASE STUDIES
Joshua Kahr
AVERY HALL 113
R 09:00A-11:00AAVH AVERY HALL 113
001
3 Points
18597
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