11.432/15.427
Real Estate Capital Markets
Spring 2007
Instructors: David M Geltner, W Tod McGrath
TA: Michael O'Young
Lecture:
TR2.30-4 (ENDS MARCH 16)
(W31-301)
Information:
Announcements
Lincoln Executive Summary
Hi
Class –
Please prepare an Executive Summary with a
maximum length of 3 pages (NOT including attachments -- tables,
spreadsheets, or whatever else you need to make your argument) from
Linda Douglass to the management of Atlantic-Pacific making the
case for a purchase offer for One Lincoln Street at a particular
price (which you will determine)
Please note that this exercise is not just
about the number crunching (although of course coming up with a
reasonable price is very important) -- there are many strategic
intricacies in the case stemming from the Buy/Sell Provisions that
should inform your approach. Try to consider, from the point of
view of Atlantic Pacific, the alignment of interests between them,
MSGW, STRS, and Hynes.
Finally, please submit not only a hard copy
to David or myself BEFORE class but also an electronic Microsoft
Word file to smoyoung (at)
gmail.com
Thanks and good luck,
Michael and David
Announced on
27 February 2007
2:34
p.m.
by Michael O'Young
Polleys & Barrie guest participants
We are pleased to announce two guest participants in the class
recitation section next Thursday February 15:
Cate Polleys is Director of Research of Fidelity Real Estate
Group, Pyramis Global Advisors.
John Barrie isManaging Director and VP of Pyramis Global
Advisors and President & CEO of the Fidelity Property Income
Trust.
(Both are alums of the MIT/CRE. See bios on the
"Materials" page.)
Recitation will begin promptly at 5:30 when we will begin the
review and discussion of the Portfolio Exercise homework
assignment. Cate and John will arrive around 6:00 for the latter
part of that discussion, and then will speak about the real estate
investment management industry and interesting new product
developments at Fidelity.
Announced on
09 February 2007
3:03
p.m.
by David Geltner
Fall 2006 11.431J/15.426J: Real Estate Finance Reference Documents
For students who did not take
David’s Fall ‘06 RE Finance Class and who asked me to post
additional lecture slides to the Stellar, you can access all of
Fall ‘06’s materials at the location below (which is public):
For RE Micro-Level Fundamentals, I
would concentrate on the lectures covering Chapter 10-13 with
particular interest placed on Chapter 12 if you are not familiar
with RE Cash Flows / Proformas. I covered several of these
slides in the “Crash Course” RE Terminology lecture this past
evening. Please feel free to contact David and myself if you
have any immediate questions or to probe the minds of current CRE
students!
Announced on
09 February 2007
12:19
a.m.
by Michael O'Young
Welcome
Welcome to Real Estate Capital Markets, Spring 2007. Please go
to the Materials page for all course materials, including course
description and syllabus/schedule. Also see the Forum for class
discussions and Q&A.
Announced on
06 February 2007
5:44
p.m.
by David Geltner
