REFD events are noted on the Calendar below
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Updates here . . . Recent relevant news gathered from the Internet. Wall Street Journal's Real Estate News here Zillow Blog here Track the Texas economy here "Down" zoning cases in San Antonio here here An interesting read on private equity and the Equity Office buyout. San Antonio Retail report here San Antonio Medical Office report here Apartment construction boom in San Antonio here Greenest House in the US here Foreclosures to rise now that mortgage deal in here Banks paying delinquent borrowers to sell here Flaw in foreclosures here Most expensive apartment in NYC, 88 Million, here Auction of a commercial building video here Cost of One World Trade Center rising here Banker speaks with regret on mortgages here
NCREIF Returns Graph Source: Clarion Partners Research & Investment Strategy, NCREIF, October 2011
Costar doubles it money in a year on this building purchase and sale. Costar watch list here. The value of rent stabilized leases here. Foreclosure Issues continue Google bought this for a 5-5.5% cap rate. The Faces of Home-Foreclosure Crisis, WSJ. Short sales difficult if second mortgage involved WSJ. Real Estate Cycle Report here Year End 2009 report on CRE capital markets from HFF, Inc You can download the Simon Property Group Annual Report from here NAREIT Investor's Guide to REITS here NAREIT The REIT Story here NAREIT The FFO here Mack-Cali REIT Annual Report here CoStar Mar 31 Watch List here CoStar Apr 8 Watch List here CoStar Apr 1 Watch List here CoStar Mar 25 Watch List here CoStar Mar 18 Watch List here CoStar Mar 11 Watch List here CoStar Mar 4 Watch List here CoStar Feb 25 Watch List here CoStar Feb 18 Watch List here CoStar Feb 11 Watch List here A picture of CRE transactions since 2004. Have we reached bottom? WSJ, here
Deleveraging CRE, a PREI report, Dec 2009, here A really green building, here FHA lending standards tightened, here San Antonio in the WSJ here Huge N.Y. Housing Complex Is Returned to Creditors NY Times hereListen on your computer to Giant Pool of Money - led to subprime crisis, NPR, here Listen: Return to the Giant Pool of Money Sep 2009 Update - led to subprime crisis, NPR, here
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MBA/MS Program Goals |
Master of Business Administration: Students will
· Be able to apply business and economic concepts and principles to a broad range of organizational and corporate decision problems, from both a theoretical and an objective, real-world viewpoint.
· Be knowledgeable of fundamental business and economic concepts, principles and theories, and apply them in terms of understanding the competitive forces facing a firm, assessing the attractiveness of various industries, and identifying potential sources of competitive advantage and disadvantage of firms.
· Be proficient at using quantitative methods and associated research techniques to identify and analyze business issues and policies within theoretical and practical contexts.
· Be knowledgeable of the ethical and other leadership issues facing business organizations, and have an appreciation of the various leadership roles and social responsibilities of the players in a business environment.
Master of Science in Finance: Students will
· Understand the measurement and creation of value that occurs through different business activities, including the measurement & impact of risk on value.
· Be skilled in communicating the results of the analyses of financial information.
· Acquire analytical skills necessary to pursue a variety of career paths in finance.
· Be able to pursue knowledge independently.
Lecture Power Points Power Point Outlines will be posted here as the course progresses
Homework (show your work, due at beginning of class, late homework=0)
| Due Date | Assignment |
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January 30 |
Complete this assignment. Solution here. |
| February 6 | Chapter 9 Problems 1-6, (Pages 292-293). Solution here. |
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February 13 |
Complete the leasing tab for this proforma.
Use the check figures to determine that your proforma computes
correctly. Then update your assumptions to complete this
homework. Read this article. Solution here.
Land Improvement Depreciation Note CRE Proforma CRE Proforma Check Figures Proforma Notes |
| February 20 | Chapter 10 Problems (Pages 334-337), Problems 1, 2 (exclude part d), 3, 4, 5, 8, 10, 11. Solution here. |
| February 27 |
Study for Exam 1 - |
| March 5 | Exam 1 today - Use this as a study guide - turn in at beginning of class, before writing exam. |
| March 12 |
Spring Break |
| March 19 |
No HW due today. |
| March 26 |
Guest Speaker: Stephen A. Ramseur, MCR |
| April 2 |
Guest Speaker: John Beauchamp of Hixon Properties. |
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April 9 |
Due: Real Estate After Tax Proforma HW. Solution here. |
| April 16 | Practice Exam #2, here. Use as a study guide - turn in at the beginning of class. |
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April 23 |
Guest Speaker: Mike Melson of Kimco Realty
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| April 30 |
Due: Real Estate Risk Analysis HW. Solution here. Real Estate Portfolio Case Study here. For information only |
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