Parker School of Business

Real Estate Finance & Investment

All Courses

Parker School of Business

Real Estate Finance & Investment

MIT 11.431J · Prof. David Geltner & Prof. Tod McGrath

An introduction to the fundamental concepts, analytical methods, and tools for commercial real estate investment and finance decisions.

10 Modules

Self-Paced

Certificate

Graduate Level

What You'll Learn

  • Time value of money applied to real estate cash flows
  • Net present value (NPV) and internal rate of return (IRR)
  • Cap rates, NOI, and property valuation fundamentals
  • Mortgage mathematics and loan underwriting
  • Lease analysis and income property cash flow modeling
  • Discounted cash flow (DCF) analysis for income properties
  • Real estate development feasibility analysis
  • Investment performance measures: IRR, equity multiple, DSCR
  • Commercial mortgage structures and debt underwriting
  • Real estate as an asset class: risk and return characteristics
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Academic Attribution

Adapted from MIT OCW 11.431J Real Estate Finance and Investment (Fall 2006). Instructors: Prof. David Geltner & Prof. Tod McGrath. MIT Urban Studies and Planning / Sloan School of Management.

CC BY-NC-SA 4.0

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