[LIVE] Introduction to Real Estate Finance and Investment - December 2020

Includes a Live Event on 12/03/2020 at 12:00 PM (EST)

Online: Live Course

Introduction to Real Estate Finance and Investment

This course will give you a broad and solid introduction to the basics of real estate finance and investment. You will become acquainted with fundamental real estate finance terms and concepts, and you will learn to perform important real-world calculations using Excel spreadsheets.  

Overview

Developed for non-finance professionals, this course will give you a broad and solid introduction to the basics of real estate finance and investment. The course will take you from a review of basic financial concepts and analytical tools to an examination of how real estate investment opportunities are analyzed and financed.

You will begin with a review of basic financial concepts and analytical tools. After that, you will examine how real estate investment opportunities are analyzed, and how they are financed. The webinar will acquaint you with fundamental real estate finance terms and concepts, including the time value of money, risk/return tradeoff, capital stack, financial leverage, and waterfall structure.

Using examples and Excel spreadsheets, you will see demonstrations of important calculations in real estate finance and investment, such as internal rate of return (IRR), mortgage amortization, and property valuation.


This course counts toward the Real Estate 101 Certificate.

Learning Objectives

Upon completion of this course, students will be able to:

  • Understand the basic concepts of real estate finance and investment.
  • Use the concepts and vocabulary of real estate finance and investment in context.
  • Understand important calculations in real estate finance and investment using Excel spreadsheets.

Curriculum

Module 1: Financial Concepts and Tools: A Review

  • Capital sources: debt vs. equity
  • Key financial concepts
  • Risk and return

Module 2: Financial Leverage

  • Key features of commercial mortgages
  • Mortgage calculation
  • Mortgage underwriting

Module 3: Basics of Real Estate Investment

  • Net operating income (NOI) and pro forma
  • Real estate valuation
  • Performance measures

Module 4: Capital Sources and Investment Waterfall

  • Capital sources for real estate projects
  • Introduction to investment waterfalls


ULI Learning is provided by the Urban Land Institute.

Topics

  • Finance and Investment

Experience Level

  • Foundational

This course is designed for non-finance real estate professionals who wish to gain a basic understanding of real estate finance that also will help them get more out of their professional interactions.

Career Stage

  • Beginning Real Estate Professionals

This course is designed for those considering a career in real estate, new to real estate, or changing from one industry area to another.


Course Format

This course is five hours of instruction delivered in five one-hour live webinars. You need a computer with Excel for this course.

Course dates: December 3, 8, 10, 15, 17

Time: 12:00 - 1:00 pm EDT

Charles Tu

Interim Associate Dean for Graduate Programs and Daniel F. Mulvihill Professor of Commercial Real Estate at The University of San Diego School of Business

Charles Tu is the interim associate dean for graduate programs and Daniel F. Mulvihill Professor of Commercial Real Estate at the University of San Diego School of Business. Before coming to USD, he taught real estate and finance courses at George Washington University and Cal State Fullerton, where he received the Outstanding Teacher/Scholar Award in 2002. Tu is dedicated to conducting applied research that helps improve real estate and business decision-making. His research agenda covers a variety of topics, including housing valuation, smart growth and the new urbanism, commercial mortgage backed securities (CMBS), real estate investment trusts (REITs), multifamily housing and retail shopping centers.

Tu has published articles in leading academic journals, and the findings of his research have been cited in major newspapers such as The Wall Street JournalWashington Post and Atlanta Journal-Constitution.

Tu earned his Ph.D. and M.B.A in Finance and Investments from the George Washington University, and his BS in Mechanical Engineering from National Chao-Tung University.  He also received the Chartered Financial Analyst (CFA) designation in 2000.  

Pricing

  • ULI Members: $395.00
  • ULI Members (Government/NonProfit/Academic): $350.00
  • Non-Members: $525.00
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