REAL5210 - Real Estate Investments (Course Syllabus)
This course provides an introduction to real estate investing with a focus on financial and economic analysis. It is intended both as a foundational class for students considering a career in real estate as well as a survey class for students interested in finance who want to learn about the real estate sector. Project evaluation, financing strategies, risk assessment, investment decision making, and real estate capital markets are covered. No prior knowledge of the industry is required, but students will rapidly acquire a working knowledge of real estate markets and will quickly develop the quantitative tools to help them make investment decisions. Classes are conducted in a standard lecture format with discussion required. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate. There are three case studies and two midterms. FNCE 1000 is required as the class assumes comfort with Corporate Finance concepts and terms.
REAL5400 - Adv Real Est Inv, Analys (Course Syllabus)
This course, is designed for majors in Real Estate, but is also open to finance-oriented students who wish a deeper analysis of real estate investment and investment analysis issues than that offered in REAL/FNCE 5210. The class will contain a mixture of lectures, guest speakers and case discussions. Academic research is paired with recent industry analysis of key issues in order to marry sound theory and empirical results with current events and practices. Several classes will include lectures outlining what economics and finance tell us about a number of topics. Generally, these will be followed by guest lectures from industry professionals who will focus on a specific application of the principles introduced in the lectures. Format: Lecture, industry speakers.
REAL5700 - Real Estate Data Analytics (Course Syllabus)
In real estate investment, data is used in a variety of ways to inform decision-making. The purpose of this course is to gain familiarity with analytical tools and techniques as they relate to guiding investment in primary real estate markets and capital markets. Students will learn statistical methods, data manipulation, data visualization, and apply business analytics tools to data on properties, mortgages, and macroeconomic indicators. A series of guest speakers will demonstrate how analytics is used in the industry, and the strengths and limitations of using data to guide investment decisions. The course will use data analytics to connect economics and finance concepts with real-world applications. The course will use the R software package, but relevant materials will be provided and no prior coding experience is necessary.
Real Estate Department
The Wharton School
University of Pennsylvania
4th floor Dinan Hall
3733 Spruce Street
Philadelphia, PA 19104-6301
Phone: (215) 898-9687
Fax: (215) 573-2220