FIN3727 Real Estate Investment Analysis and Valuation


Prerequisite


FIN3701 Corporate Finance


Course Description


The course is an integration of theories and practice of real estate valuation, real estate investment, portfolio management and legal aspects of real estate. The course is divided into three parts. The first part provides basic introduction to discounted cash flow, common real estate valuation models, appraisal of real estate development projects, as well as the choices of discount rate. The second part provides a formal introduction to risk and return, a comprehensive analysis of the risk-return characteristics of commercial real estate, construction of real estate portfolios and diversification in real estate. The third part examines the efficiency of real estate market and its inflation hedging characteristics, real estate portfolio strategies and performance measurement.


Class Material


Course Syllabus