[LIVE] Introduction to Real Estate Finance and Investment - December 2020
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.
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.
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, and perform those calculations using formulas and Excel functions.
Part 1: Fundamental Financial Concepts
- Introduction to real estate finance
- Time value of money
- Risk and return tradeoff
Part 2: Financial Leverage
- Key features of residential and commercial mortgages
- Mortgage calculations
- Mortgage underwriting
Part 3: Basics of Real Estate Investment
- Net operating income (NOI) and pro forma
- Real estate valuation
- Performance measures
Concepts and analytical tools covered in various modules will be used to analyze a case study.
All content is available for 90 days from first access. For extension inquiries, please email firstname.lastname@example.org.
ULI Learning is provided by the Urban Land Institute.
- Finance and Investment
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.
- 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.
This course is delivered in a hybrid format. It includes three live webinars and self-study materials (such as videos, PPT slides and Excel models). The webinar on December 3 will provide an overview of the course and an introduction to real estate finance. The next two webinars will have exercises that allow attendees to apply the concepts and tools they have learned through the self-study modules. The instructor will be available to answer questions during live sessions.
Course dates: December 3, 10, 17
Time: 12:00 - 1:00 pm EDT
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 Journal, Washington 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.
- ULI Members: $395.00
- ULI Members (Government/NonProfit/Academic): $350.00
- Non-Members: $525.00