Real Estate Investment and the Macroeconomic Environment [Module 2]

Through presentations and discussions, this course explores the value of key macroeconomic concepts in real estate investment decision-making. These concepts include the relationship between economic growth and real estate cycles, the impact of inflation on real estate investing, and the impact of interest rates and the cost of capital on real estate valuation. The course also explores how governmental policy can have an effect on credit markets, the yield curve and cross border capital flows, which in turn affect real estate valuation and investment decision making and risk adjusted returns. Students should have fluency with real estate financial analysis as this topic is not covered in this course.

This course provides students with the knowledge and tools to:

  • understand how broad macroeconomic forces affect real estate investment decisions.
  • apply the analytical skills necessary to identify, extract, and utilize key data from the variety of complex information presented in any investment decision.
  • gain a comparative understanding of the macroeconomic environments in different locations worldwide.
  • be familiar with a variety of property types at various stages of development, including office, hospitality, homebuilding, logistics, data centers, assisted living, and single family rental in the context of local practices under various macroeconomic conditions.