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Course Intro, R. E. Space & Asset Markets
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Space & Asset Mkts (cont.); Real Estate "System"
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Monocentric City Model
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PV math, Text Ch. 8, Calculator tutorial (Geltner)
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More Complex City Models, Location & Property Life Cycle
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R. E. Financial Econ Intro & Overview
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§@·~1 Excel
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Term Project Descriptions:

385 Broadway Revere
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Fifth Avenue NYC
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Parcel C LP
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SHARP Investment Fund
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R. E. & The Investment Industry
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DCF
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NPV
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(Tod McGrath, Geltner¤£¦b)
R. E. Cash Flows, Proformas (Tod McGrath, Geltner Away)
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(²Ä10³¹) (McGrath)
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Korpacz ((­^¤åpdf)
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R. E. Opportunity Cost of Capital (Discount Rate)
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Market Value & Investment Value
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(²Ä11³¹Excel)(McGrath)
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Market Inefficiency, Public & Private Markets for R. E.
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Public & Private Mkts (cont.)
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14 ¦Ò¸Õ 1(²Ä1-2¡B4-5¡B7-12³¹)
Exam 1 (Chs. 1-2, 4-5, 7-12)
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Leverage
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16 ¥[Åv¥­§¡¸êª÷¦¨¥»
WACC Formula
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(²Ä13,14³¹) (Geltner)
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After-tax Cash Flows
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18 °£µ|¸ê¥»¦ô­È¤Î¸êª÷¹wºâ
After-tax Equity Valuation & Capital Budgeting
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19 ¦a²£¯²¸î¡B¦³®Ä¯²ª÷
R. E. Leases, Effective Rent
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Leasing Strategy, Lease Term
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Intro to Mortgages
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Mortgage Mechanics
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(­^¤åPDF)
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Mortgage Yields, Valuation, Refinancing
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24 °Ó·~©è©ã·§½×¡BÃa±b­·ÀI
Intro to Commercial Mortgages, Default Risk
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25 °Ó·~©è©ã«OÀI
Commercial Mortgage Underwriting
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Catch up, Review
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27 ¦Ò¸Õ2(²Ä13-14¡B16-18¡B30³¹)(®É¶¡ ¡G3¤p®É)
Exam 2 (Chs. 13-14, 16-18, 30) (Duration - 3 hours)

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