There are no formal required materials. Students may find the following text useful for some topics:
|1||Transaction index methodology||Chapter 25|
|2||Guest lecture on transaction-based indices|
|3||Guest lecture on CDO's (collateralized debt obligations)|
|4||Guest lecture on CMBS (commercial mortgage-backed securities) default modeling|
|5||Guest lecture on commercial real estate derivatives||Chapter 26 (section 26.3 only)|
|6||No class (optional trip to New York)|
|7||No class (optional trip to New York)|
|8||Valuing flexibility in real estate development projects using spreadsheet-based simulation||Chapter 29, especially 29.4 and CD Appendix 29|
|9||Simulation nuts and bolts|
|10||Derivatives (pricing and technical issues)||Chapter 26.3|
|11||International real estate investment||Chapters 24 and 26 (sections 26.1-2 only)|
de Neufville, Richard, Stefan Scholtes, and Tao Wang. "Real Options by Spreadsheet: Parking Garage Case Example." Journal of Infrastructure Systems 12, no. 2 (2006): 107-111.
Fisher, Jeff, David Geltner, and Henry Pollakowski. "A Quarterly Transactions-Based Index of Institutional Real Estate Investment Performance and Movements in Supply and Demand." Journal of Real Estate Finance and Economics 34, no. 1 (2007): 5-33.
Fisher, Jeff, Dean Gatzlaff, David Geltner, and Donald Haurin. "Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices." Real Estate Economics 31, no. 2 (2003): 269-303.
Geltner, David, and David Ling. "Considerations in the Design and Construction of Investment Real Estate Research Indices." Journal of Real Estate Research 28, no. 4 (2006): 411-444.
Geltner, David, and Henry Pollakowski. "A Set of Indexes for Trading Commercial Real Estate Based on the Real Capital Analytics Transaction Prices Database." Working paper, MIT Center for Real Estate, 2006.