Massachusetts Institute of Technology
MIT Department of Urban Studies and Planning
Examines the worldwide trends of increasing demographic complexity as it relates to the practice of planning and students’ own capabilities. Students will engage around topics of cultural competency, power analyses, and facilitative leadership through readings, guest speakers, and facilitative leadership training.
Develops a strong strategic understanding of how best to deliver various types of projects in the built environment. Examines the compatibility of various project delivery methods, consisting of organizations, contracts, and award methods, with certain types of projects and owners.
Building on 11.351, studies key issues of principal asset management agreements, through the lens of the real estate developer/investor, in connection with the value creation, financing and restructuring phases of a real estate venture. Value creation phase focuses on negotiating office and retail leases.
Investigates the economics and finance of securitization, a practice that allows illiquid assets to be transformed into more liquid securities. Considers the basic mechanics of structuring deals for various asset-backed securities. Investigates the pricing of pooled assets, using Monte Carlo and other option pricing techniques, as well as various trading strategies used in these markets.
The evolving organization and operation of real estate capital markets. Sources of real estate capital. Primary and secondary mortgage markets. The investment behavior of real estate assets. The development of REITs and securitized debt markets. Advanced pricing techniques for complex real estate securities. First half of the term subject. Prerequisites: 11.431, 15.401, 15.402, or 15.407
Introduction to analytical tools to support design and decision-making in real estate and infrastructure development. Particular focus on identifying and valuing sources of flexibility using real options, Monte-Carlo simulation, and other techniques from the field of engineering systems. Integrates economic and engineering perspectives, and is suitable for students with various backgrounds.