Real estate investment trusts (REITs) are becoming an accepted equity structure around the
globe, and commercial mortgage-backed securities (CMBS) create liquidity and lower the cost
of borrowing for real estate developers and owners. Understanding their vocabulary and
importance can set you up for successful, forward-looking strategies in your future projects.
In this course, you will consider public real estate structures and their markets with a focus on the practical aspects of public equity (REIT) and public debt (CMBS) structures and markets. You will concentrate on the impact that REIT legislation has on the operation of REITs and how CMBS is designed to manage the risks of default and prepayment.
By the end of the course, you will have a deeper understanding of real estate public markets as well as an ability to analyze how real estate performs as a security in the secondary market.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Real Estate Investment Decisions
- Financing Real Estate Investments