Introduction to Real Estate Investment Trusts [On Demand]

From April 24-30, save 30% on this course by using the code REIT30 at checkout!


This course offers a short introduction to equity investment in commercial real estate through indirect vehicles, especially publicly listed Real Estate Investment Trusts (REITs). Listed REITs have grown to exceed $US1 trillion in equity market capitalization and represent an important part of the U.S. commercial real estate market. In this course, you will use basic concepts from corporate finance, real estate, and investments to analyze the REIT industry and the firms within it. You will start to gain an understanding of the fundamentals and institutional background in the listed REIT market. You will also begin to apply some industry standard tools for making sound investment decisions in the REIT market.

Learning Objectives

At the end of this course, you will be able to:
  • Describe the U.S. market for listed REITs, its legal and institutional background as well as its current composition by REIT type, property type focus, etc.
  • Characterize the investment performance of REITs under varying macro-economic and capital market conditions and understand the role of REITs in mixed-asset investment portfolios
  • Study qualitative and quantitative features of successful REITs in the current U.S. market environment to support sound investment decisions in the REIT sector

All content is available for 90 days from first access. For extension inquiries, please email 


This course will give an introduction to REITs. 

Experience Level

  • This class is introductory, it is appropriate for anyone looking for a first introduction to REITs. No prior knowledge is required. 

Course Format

This course consists of one pre-recorded webinar.

Eva Steiner

Associate Professor of Real Estate

Penn State Smeal College of Business

Eva Steiner is an Associate Professor of Real Estate at the Penn State Smeal College of Business where she holds the King Family Early Career Professorship. Prior to joining Penn State, she was an Assistant Professor of Real Estate at the Cornell SC Johnson College of Business and at the University of Cambridge, U.K. Professor Steiner’s research interests include real estate finance and economics. She regularly contributes to academic and industry seminars and conferences on REITs and real estate investment. She is a member of the Board of Directors at the American Real Estate and Urban Economics Association, the Real Estate Research Institute Board of Directors, and the Nareit Real Estate Investment Advisory Council. Professor Steiner has taught real estate finance and economics to undergraduate, graduate, and executive-level students in business, real estate, and MBA programs in the U.S. and in the U.K. Professor Steiner received her B.A. from the University of Heilbronn, Germany, and her M.Phil. and Ph.D. degrees from the University of Cambridge, UK.

  • ULI Members: $395
  • ULI Members(Government/Nonprofit/Academic Members): $350
  • Non-Members: $525
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