Courses:

Advanced Topics in Real Estate Finance >> Content Detail



Study Materials



Readings

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There are no formal required materials. Students may find the following text useful for some topics:

Amazon logo Geltner, David M., Norman G. Miller, Jim Clayton, and Piet Eichholtz. Commercial Real Estate Analysis and Investments. Cincinnati, OH: South-Western Educational Publishing, 2007. ISBN: 9780324305487.


SES #TOPICSREFERENCES
1Transaction index methodologyChapter 25
2Guest lecture on transaction-based indices
3Guest lecture on CDO's (collateralized debt obligations)
4Guest lecture on CMBS (commercial mortgage-backed securities) default modeling
5Guest lecture on commercial real estate derivativesChapter 26 (section 26.3 only)
6No class (optional trip to New York)
7No class (optional trip to New York)
8Valuing flexibility in real estate development projects using spreadsheet-based simulationChapter 29, especially 29.4 and CD Appendix 29
9Simulation nuts and bolts
10Derivatives (pricing and technical issues)Chapter 26.3
11International real estate investmentChapters 24 and 26 (sections 26.1-2 only)
12-13Student presentations



Additional Readings


de Neufville, Richard, Stefan Scholtes, and Tao Wang. "Real Options by Spreadsheet: Parking Garage Case Example." Journal of Infrastructure Systems 12, no. 2 (2006): 107-111.

Fisher, Jeff, David Geltner, and Henry Pollakowski. "A Quarterly Transactions-Based Index of Institutional Real Estate Investment Performance and Movements in Supply and Demand." Journal of Real Estate Finance and Economics 34, no. 1 (2007): 5-33.

Fisher, Jeff, Dean Gatzlaff, David Geltner, and Donald Haurin. "Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices." Real Estate Economics 31, no. 2 (2003): 269-303.

Geltner, David, and David Ling. "Considerations in the Design and Construction of Investment Real Estate Research Indices." Journal of Real Estate Research 28, no. 4 (2006): 411-444.

Geltner, David, and Henry Pollakowski. "A Set of Indexes for Trading Commercial Real Estate Based on the Real Capital Analytics Transaction Prices Database." Working paper, MIT Center for Real Estate, 2006.


 








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