REAL ESTATE CAPITAL MARKETS (2) (LND 727)

Professors Merrie S. Frankel, Robert Hellman and Marshall Tracht

This course will examine and compare the variety of both public and private sources of capital for real estate, including commercial real estate finance in the public markets (REITs, REMICs and CMBS), mezzanine and preferred equity transactions, partnerships, joint ventures, syndications, and related deal structures. The nature, evolution and possible future of securitization markets will be discussed, including the participants, their roles, and the structuring and regulation of offerings. Students will be expected to develop an understanding of the use, risks, advantages/disadvantages, and tradeoffs of alternative financing structures from both a business and legal perspective. Real Estate Transactions & Finance is a prerequisite.

This course is open to LL.M. students; J.D. students with a business or finance background may be permitted to take it with prior approval of the instructor.