B8331-001: Real Estate Finance
MW - Full Term, 09:00AM to 10:30AM
Credit hours: 3.0
Location: URI 303
Instructor: Tomasz Piskorski
Prerequisite(s): B6300: Corporate Finance
Corequisite(s): B8306: Capital Markets & Investments
The course focuses on the set of concepts and techniques used to analyze and finance income-producing real property. It starts with the characteristics that make real property different, including cash flow uncertainties, debt sources and tax features. It then considers the available strategies and structures of real estate finance, including capital structure choices for construction and permanent financing. Extensive use is then made of cases to illustrate the range of choices and outcomes.
Tomasz Piskorski
Edward S. Gordon Associate Professor of Real Estate
Tomasz Piskorski is the Edward S. Gordon Associate Professor of Real Estate in the Finance Division at Columbia Business School. He is also a Research Associate at the National Bureau of Economic Research and serves on the Academic Research Council of the Housing Finance Policy Center at the Urban Institute. Professor Piskorski earned a M.S. in Mathematics from New York University Courant Institute...