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Advanced Real Estate Finance: A Case-Based Analysis of Deal Structure and Risk Allocation
Date: June 15 - 18, 2012
Venue: Waterview Conference Center
Location: 1919 North Lynn Street, Arlington, Virginia
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This capstone course in real estate finance will engage students in a series of challenging case studies designed to require that they apply simple and complex debt and equity ratios to make informed, risk-managed real estate decisions The course will help students understand how to structure commercial real estate transactions and how different structures allocate investment risk and return to each party. The course will introduce complex real estate finance topics, including real estate as an asset class, using property return indices, the effect of income taxation on deal structure, complex income streams, and the implications of the return waterfall. In-depth exposure to the capital market will illustrate the vital link between the space, capital, and development segments of the market in the development process.

Case studies will also introduce the complex analytical techniques required for portfolio analysis and asset allocation. Guest speakers from both the debt and equity side will provide real-world examples of current deals.

Participants are expected to bring a laptop computer with Microsoft Excel to the course.



Instructor
Mark EppliMark J. Eppli
Professor of Finance and Bell Chair in Real Estate
Marquette University
Milwaukee, Wisconsin

Mark J. Eppli is a professor of finance and the Robert B. Bell, Sr., Chair in Real Estate at Marquette University, where he directs the Center for Real Estate and teaches courses in real estate and finance.

Eppli is widely published on a range of commercial real estate topics, and is coauthor of Real Estate Development: Principles and Process and Valuing the New Urbanism, both published by the Urban Land Institute.

Before obtaining his doctorate, Eppli was manager of research and investment analysis with PM Realty Advisors and commercial real estate acquisitions specialist with GE Capital. He has served as a consultant to a number of finance, real estate, and government entities.

Eppli received the Greater Washington Urban League’s Volunteer of the Year award and the Urban Land Institute’s Star Performer award for his efforts in attracting minorities to the real estate industry through outreach programs.

Eppli holds an MS, and a PhD from the University of Wisconsin in real estate and urban land economics. 

 

Accommodations and Course Location
Hotel accommodations are not included in the registration fee. If you would like to make hotel arrangements, please contact the hotel directly.
Meeting Only

Waterview Conference Center
1919 North Lynn Street
Arlington, Virginia

Accommodations Only
Le Meridien Hotel
1121 North 19th Street
Arlington, Virginia
800-543-4300

A limited number of sleeping rooms have been blocked by ULI at the Hotel Palomar for this event. Mention the Urban Land Institute to get the rate of $259. The room block deadline is May 17, 2012.



Register Now

  
or call 800-321-5011 with credit card information.

Download Registration Form

Course Highlights
U.S. economy and real estate capital markets

Analytical tools used to make optimal development decisions

Income pro forma, debt ratios, and equity ratios

Development feasibility case study

Effect of income taxation on deal structure

Advanced case study on deal structure

Commercial mortgage underwriting case study

Portfolio analysis of real estate in a mixed asset class

Incremental cost of funds: what does another dollar of debt really cost?

The impact of taxes on real estate investment

Industrial property case study—determining market rents and investor returns
Registration Fee
Early Bird Discount. Register by May 7 and save $200 off of your first course*

ULI Member: $1,550*
Non-member: $1,850*
Government and nonprofit: $1,250

*Second course $1,250 at all times for members and, $1,550 for non-members

Registration fee includes tuition, course materials, continental breakfast, luncheon, and refreshments.

Cancellations must be made in writing or by e-mail to ULI’s customer service department and are subject to a $100 administrative fee. Cancellations must be received at least seven days before the start of the program to be eligible for a refund. No refunds will be granted thereafter. You may transfer your registration to another member of your organization with no penalty.

Course Schedule
Registration:
7:45 a.m. – 8:30 a.m. on June 15

Program:
8:30 a.m. – 5:00 p.m. each day

Lunch:
12:30 p.m. – 1:30 p.m. each day
Contact Professional Development

David Mulvihill
Vice President, Professional Development
Phone: 202-624-7122
E-mail: dmulvihill@uli.org

Questions or Special Needs
Contact ULI customer service at 800-321-5011 or 410-626-7505 or via email at customerservice@uli.org