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Dec 05, 2025
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MGMT 43902 - Real Estate Capital Markets
Credit Hours: 3.00. In this course, students explore the world of real estate finance and capital markets from the perspectives of investors, lenders, fund managers, and other capital allocators. Diving into essential topics like deal structuring, waterfall analysis, debt management, real estate private equity, taxation and regulation, public incentives, mortgage-backed securities (MBS), and Real Estate Investment Trusts (REITs). Through hands-on experience, they will learn to model before-tax and after-tax cash flows, price various securities and deal structures, and develop strategies for managing risk and distress at both project and fund levels. With a strong focus on case study analysis, this course will equip students with practical insights and skills to succeed in real estate finance.
Learning Outcomes
1. Demonstrate a deep understanding of the history and composition of both debt and equity components of real estate capital markets. 2. Understand the main drivers of real estate capital flows and capital pricing. 3. Describe the structure of residential and commercial mortgage-backed securities. 4. Perform a comprehensive valuation of a REIT. 5. Structure the capitalization for a given project type.
Credits: 3.00
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