The Business of Real Estate Intensive II: Debt and Equity Finance
Further your understanding of commercial real estate investment decision analysis by applying a framework of advanced analytical techniques and financial structuring to property acquisitions and dispositions. Learn to find the appropriate discount rate based upon the weighted average cost of capital (WACC). Explore the effects of leverage, and prepare a before- and after-tax investment analysis based upon net present value (NPV) and internal rate of return (IRR). Topics include the top-down approach to investing, essential investment ratios and the effects of leverage, forms of ownership for pooled equity investments, and partnership taxation. Discuss capital markets, funds flow to commercial real estate, alternative real estate financing and investment vehicles, CMBS and securitization, and private equity investment vehicles and waterfalls.
You'll Walk Away with
- Familiarity with sources of debt and equity
- Knowledge of real estate deal structure
- Real estate owners and investors
- Real estate developers