Real Estate Capital Markets

Real Estate Development

Fall 2012

Merrie S. Frankel, instructor, with Luis Yanez

Real Estate Capital Markets touched on all facets of public and private capital providers, as well as investors, with a particular focus on commercial real estate in the public markets. Current events permeated all classes as capital markets were a fluid subject. Thus, the cause and effect of the recent recession and capital markets crisis were discussed and evaluated. The general topics included: real estate industry trends – past and present, overview of real estate capital markets and participants, alternative investments (CMBS, REITs, high yield, syndications), financial and ownership structures, rating methodology, bankruptcy and capital markets instruments such as derivatives, swaps and caps.