Global Real Estate Markets & Investments

This course concentrates on the global real estate markets of Europe, Asia, the Middle East and the Americas. The students will examine transnational real estate transactions and investments and the firms who operate in this environment with a special focus on four principal areas of concern: 1) the institutional framework at the property and sovereign level, 2) political considerations, 3) the currency markets, and 4) the capital markets. Specific topics covered include globalization, global real estate trends, risk and portfolio management, country risk, development and ownership rights, taxes, currency risk, hedging, and cultural considerations.