Global Real Estate is a rigorous real estate investment course set in a global context. Through presentations, case studies, and discussions, including with industry leaders who will be guests in the class, this course equips students with a disciplined framework for evaluating, underwriting and committing capital to real estate opportunities across geographies, property types and capital structures.

A distinguishing feature of the course is the focus on how macroeconomics and geopolitics impact monetary policy and, in turn, capital markets which directly impact real estate values, cyclical risks and investment outcomes.

Students will learn to combine this “top down” macroeconomic and geopolitical overlay (“country risk”) with a “bottom up” understanding of the risks and returns associated with specific real estate transactions including local real estate industry practices, supply and demand imbalances, the depth of relevant real estate capital markets, and exit strategies. Strategies to mitigate cross- border and cyclical risk will also be explored.

Using the case method, students will be exposed to real estate investment and development in a broad spectrum of property types, including office, residential, industrial, retail, senior housing, data centers, single family rental (SFR), and hospitality on a global basis. Cases will also cover all four quadrants of the real estate capital markets: public and private debt and equity.

Students should have fluency with real estate financial analysis.