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Real Estate Finance and Investment >> Content Detail



Lecture Notes



Lecture Notes

Some of the lecture notes span more than one class session; they are included in the first session only.


SES #TOPICS
1Course introduction (Geltner) (PDF)
2DCF (McGrath) (PDF)
3DCF (cont.) and NPV (McGrath)
4NPV (Geltner)
5Real estate cash flows, proformas (McGrath) (PDF)
6Real estate opportunity cost of capital (McGrath)
7Leverage (McGrath) (PDF)
8Case 1: Private practice case I due (McGrath)
9WACC formula (McGrath)
10After-tax cash flows (McGrath)
11After-tax investment analysis and capital budgeting (Geltner) (PDF)
12Commercial mortgage underwriting (Geltner) (PDF)
13Case 2: Private practice case II due (McGrath) (PDF)
14Exam 1 (Chapters 10-13, 14.1-5)
15Development financial feasibility (Geltner) (PDF)
16Development project evaluation (Geltner) (PDF)
17Intro case 3, madison project example (Geltner)
18

Madison example (cont.)

Finish development project investment analysis (Geltner)

19Case 3: One Lincoln St case I (development) due (McGrath)
20Lincoln (post) and Inter-Mountain (pre) case discussions (Geltner)
21Capital structure debt vs equity, etc. (Geltner) (PDF)
22Project level capital structure (Geltner)
23Real options and land value (Geltner) (PDF)
24Real options and land value (cont.) (Geltner)
25Case 4: "Inter-Mountain" development project case (Larry Ellman, Citigroup) guest participant
26Case 4 debriefing; review and catch up (Geltner)
27Real options (cont.) review, catch up (Geltner)
Final exam (Cumulative with emphasis on 17.1, 18.2, 15.3, 27, 28, 29.1 and 29.3, and lessons from Cases 3 and 4)

 








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