11.431J, 15.426J Real Estate Finance and Investment
Instructor: David Geltner
Tues./Thurs., 4:00 - 5:30 PM
Recitation: Thursday, 5:30-7:00
Concepts and techniques for analyzing financial decisions in property development and investment. Topics: Basic real estate economics and investment performance measurement, leasing and property income streams, pro forma analysis, basics of equity and debt valuation, income tax and leverage considerations, mortgages. First of a two-course sequence: This course focuses on basic topics and the micro level (individual properties and deals).
11.433J, 15.021J Real Estate Economics
Tues./Thurs., 1:00 PM - 2:30 PM
Recitation: Tuesday: 5:30-7:00 PM
Analysis of the macro economic factors which affect real estate supply and demand, creating market cycles. Development of the theory of land markets and locational choice. Studies of changing economic activities, demographic trends, transportation and local government behavior as they affect real estate. Lectures with computer-based problems using real estate market data.
Real Estate Development I (continues into Spring)
The objective of this course is to deliver the information, skills, and techniques associated with the creation and management of the physical products of real estate created through the process of real estate development. It is intended to expose students to the general skills, techniques and process associated with each of the functional areas involved in real estate development so that they may organize and lead the development process. In addition, the course also seeks to assess the fundamental characteristics of the real estate development industry, its products, contracts, regulatory and legal context and its markets. Students will work in teams to create a development proposal for a particular development opportunity.
Spring, 2006 (H1)
4.295/11.950 Real Estate Development I
(H1 continued 2/7 - 3/24)
Continuation of Fall class â€“ through first half of Spring Term.
11.340J, 15.658J Legal Issues in the Development Process H2 (4/3 - 5/18)
Mon/Wed, 8:30-10:00 am
Examines, from the owner's perspective, the legal issues that arise in the acquisition, development, management and disposition of real estate. Topics include offers/purchase and sale agreements, organization of the ownership entity, environmental permitting, financing, construction, taxation, leasing, and workouts.
11.432/15.427 Real Estate Capital Markets H1 (2/7 - 3/24)
Tues./Thurs., 4:00 - 5:30 PM
Recitation: Thursday, 5:30-7:00 PM
This course introduces and surveys the major public capital market Real Estate vehicles, REITS, and CMBS.
11.303J, 4.254J Real Estate Development
Focuses on development programming and design and the integration of marketing and finance with physical planning. Studio projects interspersed with lectures, field trips, and short sketch problems. Offers students a perspective on the role of the architectural designer in the development process.