COURSE NUMBER: EWMBA280-1

This course is cross-listed with the Full-Time MBA Program.

Please note this course description is from Spring 2016 and should be used for reference only.

COURSE TITLE: Real Estate Investment & Market Analysis

UNITS OF CREDIT: 3 units

INSTRUCTOR: Nancy Wallace

EMAIL ADDRESS:  wallace@haas.berkeley.edu

PREREQUISITE(S): None

CLASS FORMAT: The class format will be a mixture of lectures and extensive case discussions. 

REQUIRED READINGS: Bruggeman and Fisher, Real Estate Finance and Investments, McGraw Hill, 2011

BASIS FOR FINAL GRADE:  Midterm, final project.

Please note this course description is from Spring 2016 and should be used for reference only.

ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES: 
This is an introductory course in real estate investment and market analysis.  The course will begin with an introduction to the fundamentals of real estate valuation and risk analysis including a consideration of the elements of mortgage financing and taxation.  The course will then address topics such as the financial and economic fundamentals of residential and nonresidential real estate markets, the regulation of land use and real estate development, and an introduction to the tools needed to forecast real estate values.  The asset types we will consider include office buildings, single- and multi-family residential, and retail properties.  We will also discuss alternative ownership strategies such as real estate investment trusts (REITs) and real estate syndications and will consider current thinking about the returns to real estate investment.  Recent innovations in real estate capital markets will be discussed and the implications of these innovations for commercial and residential real estate development and investment will be considered.  Finally, and time permitting, we will discuss the role of real estate in the financial crisis of 2008 and the great recession that followed.

BIOGRAPHICAL SKETCH:
Nancy Wallace: http://facultybio.haas.berkeley.edu/faculty-list/wallace-nancy