11.432J / 15.427J
Real Estate Capital Markets

11.431, 15.401, 15.402, or 15.407

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