REP-607 Real Estate Valuation and Capital Markets
The course examines the sources of debt and equity capital and the interplay of capital real estate valuation. It reviews the instruments, terms, and vehicles for delivering capital to finance real estate development and investment. The course analyzes public and private debt and equity and their influence on underwriting and evaluation real estate development. The course addresses investment metrics such as risk, land value, cap rates and rates of return, as well as the basic structure of bond financing, tax increment financing, gap financing, and other financial incentives.