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Further your understanding of commercial real estate investment decision analysis by applying a framework of advanced analytical techniques and financial structuring to property acquisitions and dispositions. Learn to find the appropriate discount rate based upon the weighted average cost of capital (WACC). Explore the effects of leverage, and prepare a before- and after-tax investment analysis based upon net present value (NPV) and internal rate of return (IRR). Topics include the top-down approach to investing, essential investment ratios and the effects of leverage, forms of ownership for pooled equity investments, and partnership taxation. Discuss capital markets, funds flow to commercial real estate, alternative real estate financing and investment vehicles, CMBS and securitization, and private equity investment vehicles and waterfalls.
http://www.sps.nyu.edu/content/scps...968