Emory University, Robert C. Goizueta Business School [rev. 1/30/06]
BUS 625/425, Real Estate Finance and Management
Spring semester, 2006
Place and Time:
1:00 - 2:15 p.m., Wed., Room 208 GBS
Dr. Roy T. Black, Dept. of Real Estate, Georgia State University, P.O.
Box 4020, Atlanta, GA 30302-4020, telephones: 404-651-4615 voice;
404-651-3396 fax; Georgia State e-mail: email@example.com; or Emory First
Class email: firstname.lastname@example.org
2:30 to 4:30 p.m. Monday and Wednesday, Room 553 Goizueta Business
School, or before class, or by appointment. Please do not call me at home.
I will be glad to make an appointment to see you at GBS.
Real Estate Finance and Investments, 12th Edition by William B.
Brueggeman and Jeffrey D. Fisher; class handouts.
1. COURSE DESCRIPTION:
This course covers the contemporary principles of valuation, acquisition, financing, and
financial management of real property. Emphasis is on the analytical techniques of valuation, tax
factors, investor objectives, and trends in the industry.
2. COURSE OBJECTIVES:
The goal of this course is to give the student an advanced understanding of the process of
analyzing, acquiring, creating, and managing real estate assets. This course utilizes financial
skills to evaluate the debt and equity positions of the real estate investor.
3. METHOD OF INSTRUCTION:
A general class teaching format will be employed including student participation. Some
computer work outside class is anticipated. You should already have, or be prepared to learn,
basic spreadsheet skills on Excel.
Students must bring a calculator to class. You will need a financial calculator such as the
HP 10B, HP 12C, HP 17B, HP 19B or TI Business Analyst (I recommend the HP10B, which is
sufficient for this course and costs about $50). Any financial calculator is acceptable, but it must
be able to calculate Internal Rate of Return (IRR) and Net Presen