RED 598: Special Topics - Capital Markets
This course introduces students to capital markets on a macro level, with an emphasis on real estate. The course will explore the interaction of real estate space markets with the real estate capital markets. Students will gain an understanding of the current size and participants of the public and private, debt and equity, commercial real estate capital markets and will be able to define the types of real estate financed by the real estate capital markets. Students will also explore the various real estate investment strategies and define the major indices that measure public and private real estate investment returns over time. Because capital markets is a part of a financial system concerned with raising capital by through borrowings and/or investing dealing in shares, bonds, and other short and long-term investments. Real estate is a capital intensive business that necessitates investors and developers regularly securing significant amounts of debt and equity. This means investors and developers are heavily reliant on the capital market to finance their business and projects. The real estate capital market consists of public, private, individuals and institutional investors that invest money, either directly or indirectly, into real estate.
