Isenberg School of Management 434 - Advanced Real Estate Investing

This course includes complex financial modeling and valuation analysis, using excel and Argus software, to aid in the financial analysis and decision making of commercial real estate. The topics covered, using actual Property Case Studies and Student selected projects, are expected to include: Pro-forma analysis including ratio analysis; Cap rates; Calculating cash Flow B/T and A/T, tax on the sale, and cash flow from the sale; Valuation using the Income Approach; Cash flow analysis; Net present value and Internal rate of return analysis; Investment decisions; Financing and structuring the deal using debt, equity, and including investors; Development and development pro forma analysis; Development feasibility analysis; Commercial Mortgage Backed Securities; Real Estate Private Equity Funds; REITs and liquid real estate; Corporate real estate decision-making; and Negotiating skills and strategies.

This course is open to Senior, Junior, & Sophomore Isenberg School of Management majors only. ACCOUNTG 221, FINANCE, SCHMGMT Argus Valuation and Cash Flow Analysis software will be used.

Students unable to enroll in this course should fill out the Finance Course Override Form, https://www.isenberg.umass.edu/programs/undergraduate/on-campus/advising. Located under Common Forms.