Through lectures, case studies, and expert panel discussions, this module will explore the evolution of institutional real estate capital markets with a particular focus on market activity over the past seven years. Capital markets embody a complex ecosystem of public and private equity and debt funding for real estate companies, property acquisitions, transformations, and new developments. The business model and investment objectives of capital purveyors depend on a variety of factors. Case studies will be used to highlight key real estate investment concepts such as identifying opportunities, public/private valuations, distressed investing, risk management, asymmetric investments, and alignment of interests. Industry experts will discuss the current macro environment, key market concerns, capital availability, cost of capital, acquisition and development economics, and opportunistic and thematic investment strategies. By the end of the module, students will have gained a functional framework and understanding of how real estate private equity and capital markets work under current and future circumstances.
MRE students who want to take this course should enter the Limited Enrollment Course Lottery and will be automatically enrolled.