Introduction to Real Estate Finance and Investment

Course Overview and Objectives

Meet Your Instructor

What is Included?

Before You Begin...

Before Your First Zoom Class (Please read)

Participant Contact Exchange

Wednesday, February 5, 2025 from 12pm-1pm ET - Join Zoom here!

Session 1 Materials

Monday, February 10, 2025 from 12pm-1pm ET - Join Zoom here!

Session 2 Materials

Wednesday, February 12, 2025 from 12pm-1pm ET - Join Zoom here!

Session 3 Materials

1: Introduction

2: Investment Opportunity - ULI Case Study

3: Investment Cost - Cost of the Acquisition & Uses of Funds

4: Analyzing Investment Opportunities - Adaptive Strategies, Cash Flow Generation, and Recapitalization

5: Evaluation of Real Estate Investments

6: Apartment Buildings - Market and Location Analysis

7: Calculating Potential Rental Income and Market Dynamics for Multifamily Housing

8: Office Buildings - Market and Location Analysis

9: Rent Calculation for Office Buildings - Rentable vs Useable Area

10: Retail - Market and Location Analysis

11: Rent Calculation for Retail Buildings - Rentable vs Useable Area

12: Operating Expenses - Recoverable vs. Non-Recoverable Expenses

13: Building and Understanding Pro Formas - Key Components, Terminology, and Practical Application

14: Building a Pro Forma in Excel - Pineview Apartments Case Study - Part 1

15: Building a Pro Forma in Excel - Pineview Apartments Case Study - Part 2

16: Building a Pro Forma in Excel - Pineview Apartments Case Study - Part 3

17: Time Value of Money - Applications to Real Estate

18: Understanding the Time Value of Money - Compounding and Discounting

19: Application of Time Value of Money Concepts

20: Calculating Present Value - Risk, Returns, and Real Estate Investments

21: Financial Mathematics in Action - From Future Value to Mortgage Payment Calculations

22: Mortgage Mechanics - Types of Payments & Amortization Patterns

23: Understanding Fixed vs. Floating Rate Loans - Risk, Rewards, and Real-World Applications

24: Loan Structures and Cost Calculations - Amortization and Rate Adjustments

25: Mortgage Typology - Understanding Residential and Commercial Lending Structures

26: Navigating Construction and Permanent Loans - Terms, Risks, and Cash Flow

27: Mastering Commercial Mortgage Underwriting - Key Metrics and Loan Structures

28: Risk and Returns - Understanding Mortgage Rates and Real Estate Investment Metrics

29: Using Excel to Calculate LTV and Key Financial Metrics in Real Estate

30: Exploring Amortized Loans in Excel - Payment Calculations and Key Underwriting Metrics

31: Understanding IRR and NPV in Real Estate Investments

32: Analyzing Financial Leverage- IRR, NPV, and Scenario Planning in Real Estate Investments

33: Step Stone Analysis- US PERE Fund Terms and Strategies for Target Returns and Leverage

34: Understanding the Capital Stack - Debt, Preferred Equity, and Common Equity in Real Estate Investments

35: Structuring Equity and Returns - Preferred and Common Equity Dynamics in Real Estate Investments

36: Calculating Returns and Understanding Waterfalls - Preferred and Common Equity Distributions in Real Estate Investments

Test Your Knowledge

Introduction to Real Estate Finance and Investment Quiz

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