The course begins by introducing the students to the basic tools of real estate analysis and finance. Topics include methods of evaluating real property, market research, the role of the real estate capital markets and the real estate development process. The course will also explore the role that both federal and local governments play in the community development process. New urbanism, affordable housing, and community development financing will be a significant component of the course. A variety of real estate asset classes (housing, office and retail) will be used as vehicles in exploring the real estate development cycle. This section of the course will consist of a mix of lectures and problem sets designed to enhance the understanding of the basic real estate investment analysis. The second half of the course will consist mostly of case studies designed to use the course’s analytic framework in order to make a real estate investment decision. This section of the course will have some lectures but will primarily consist of student presentations on the various cases. Presentations will be both oral and written and will contain the appropriate support for your investment decision.