Real Estate Capital Markets
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.
Prerequisites: Real Estate Transactions & Finance. This course is open to Real Estate or Financial Services LL.M. students; J.D. students with a business or finance background may be permitted to take it with prior approval of the instructor.