The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events Specialist
Evaluate and finance real estate acquisitions
Download Brochure
March 30, 2023
6 weeks, online
4–6 hours per week
Our participants tell us that taking this program together with their colleagues helps to share common language and accelerate impact.
We hope you find the same. Special pricing is available for groups.
The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events SpecialistBased on the information you provided, your team is eligible for a special discount, for Real Estate Investing Strategies (Online) starting on March 30, 2023 .
We’ve sent you an email with enrollment next steps. If you’re ready to enroll now, click the button below.
Have questions? Email us at group-enrollments@emeritus.org.Commercial property sales in the United States totaled a record US$809 billion in 2021 according to data organization Real Capital Analytics, nearly doubling that of 2020 and exceeding the previous record of about US$600 billion in 2019. Given this trend, real estate investing is seeing abundant opportunities across emerging and established sectors. However, with volatility in markets and lending rates, maximizing returns on real estate investments requires a deep understanding of the nuances, variables, and risks that drive ever-fluctuating property markets. A challenge for most traditional investors is that the real estate market is less liquid and transparent than stocks, and it’s often difficult to get the necessary information all in one place to make fully informed investment decisions.
Taught by faculty from Columbia Business School’s esteemed Paul Milstein Center for Real Estate, this program provides a quality hands-on learning experience in just six weeks to prepare you with the real estate valuation skills and investment methodologies to support smarter investment decisions. You will gain industry-leading skills in creating financial models, analyzing cash flows, determining values, and measuring returns of real estate investments.
Size of the professionally managed global real estate investment market in 2021, an increase of 8.5 percent from 2020.
Increase in commercial real estate transaction activity during the first three months of 2022 compared to the same period for 2021.
As of August 26, 2022, the average annual pay for a real estate investor in the United States. Investors with the title of real estate professional can earn an estimated 53.7 percent more or around US$180,000 per year.
After participating in this program, you will be able to:
Real estate investors looking to offer better ROI to their clients, increase awareness of global investment opportunities, and strengthen brand reputation. Roles that will benefit most include:
Mid- to senior-level fund managers and investors interested in including real estate as part of an overall investment portfolio and understanding frameworks for making profitable real estate investments. Roles that will benefit most include:
CXOs and business professionals seeking to develop expertise in large-scale real estate investments and expand infrastructure to support business growth. Roles that will benefit most include:
Real estate professionals looking to gain insights into future trends and developments in real estate financing. Roles that will benefit most include:
In each module, leading faculty from Columbia Business School’s Paul Milstein Center for Real Estate will focus on the latest strategies for applying value investing to the real estate industry, determining valuation based on capitalization rate and cash flow, and analyzing property data to support more informed investment decisions.
Get started with the foundational elements of a platform ecosystem model for real estate investment compared to other business models. Learn essential elements of cash flow analysis, calculating net operating income and leasing revenue, and cost responsibility based on lease type.
Apply the cash flow fundamentals in Module 1 to design and build a digital platform for real estate valuation and capitalization. Get hands-on experience in assessing capitalization rates, and projecting reversion value, operating income, and cost of capital.
Analyze frameworks for financing real estate acquisitions, and how mortgage financing affects risk and return on investment of real estate investments. Get real-world insights into the nuances of real estate financing and tax implications through case study assignments and discussions.
Learn how to find new opportunities to recapitalize and reposition troubled properties and companies through private equity funds (PEFs) and real estate investment trusts (REITs). Discover how to use these investment modes to add real estate to your overall investment portfolio and make them profitable.
Learn to use a commercial real estate framework to analyze residential property data to determine investment potential. Also explore the economic and social variables affecting housing markets and other real estate data to forecast property appreciation.
Explore the risks and rewards associated with land, development, and affordable housing. Evaluate the costs of building new property and the option value of waiting versus building. Also estimate the value of land based on several given scenarios.
Get started with the foundational elements of a platform ecosystem model for real estate investment compared to other business models. Learn essential elements of cash flow analysis, calculating net operating income and leasing revenue, and cost responsibility based on lease type.
Learn how to find new opportunities to recapitalize and reposition troubled properties and companies through private equity funds (PEFs) and real estate investment trusts (REITs). Discover how to use these investment modes to add real estate to your overall investment portfolio and make them profitable.
Apply the cash flow fundamentals in Module 1 to design and build a digital platform for real estate valuation and capitalization. Get hands-on experience in assessing capitalization rates, and projecting reversion value, operating income, and cost of capital.
Learn to use a commercial real estate framework to analyze residential property data to determine investment potential. Also explore the economic and social variables affecting housing markets and other real estate data to forecast property appreciation.
Analyze frameworks for financing real estate acquisitions, and how mortgage financing affects risk and return on investment of real estate investments. Get real-world insights into the nuances of real estate financing and tax implications through case study assignments and discussions.
Explore the risks and rewards associated with land, development, and affordable housing. Evaluate the costs of building new property and the option value of waiting versus building. Also estimate the value of land based on several given scenarios.
Mini-Lessons
Case Studies
Real-World Examples
Knowledge Checks
Guest Speaker Interview
Hands-On Activities
Discussions
Live Sessions
Program Leader Feedback
Throughout the six-week program, the faculty will bring the real estate investment concepts in each module to life as part of an ongoing commercial real estate case study. Learn successful investment strategies from real-world examples. Additional case studies include Facebook/Meta, Google, Amazon, Apple, and WeWork.
Tomasz Piskorski
Dr. Christopher J. Mayer
Stijn Van Nieuwerburgh
Tomasz Piskorski
Edward S. Gordon Professor of Real Estate in Finance, Columbia Business School
Tomasz Piskorski is the Edward S. Gordon 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.
His research on real estate finance, securities and mortgage markets, financial intermediation, and banking has been published in The Wall Street Journal, the Financial Times, Bloomberg Businessweek, and The Economist. His research and market views have been presented at an array of academic, governmental, and financial institutions, including the United States Congress, the United States Treasury, the Securities and Exchange Commission, and he London Stock Exchange. He received the AQR Insight Distinguished Paper Award, which recognizes research that provides the most significant new practical insights for tax-exempt institutional or taxable investor portfolios.
He earned an MS in mathematics from New York University Courant Institute of Mathematical Sciences and a PhD in economics from New York University Stern School of Business.
Dr. Christopher J. Mayer
Paul Milstein Professor of Real Estate in Finance, Columbia Business School
Dr. Christopher Mayer is the Paul Milstein Professor of Real Estate at Columbia Business School. He serves as a research associate at the National Bureau of Economic Research, a director of the National Reverse Mortgage Lenders Association, and a member of the academic advisory boards for Standard and Poor’s and the Housing Policy Center at the Urban Institute. He is also CEO of Longbridge Financial, a reverse mortgage organization.
Dr. Mayer’s research, which has received funding from the National Science Foundation and the Pew Charitable Trusts, explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation.
Dr. Mayer is active in the media and in advising policymakers, having testified six times before committees of the United States Senate and House of Representatives. He previously served as senior vice dean at Columbia Business School and held positions at the Wharton School, the University of Michigan, Harvard Business School, and the Federal Reserve Bank of Boston. He earned a BS in mathematics and economics from the University of Rochester with highest honors and a PhD in economics from MIT.
Stijn Van Nieuwerburgh
Earle W. Kazis and Benjamin Schore Professor of Real Estateand Professor of Finance, Columbia Business School
Stijn Van Nieuwerburgh’s research lies at the intersection of housing, asset pricing, and macroeconomics. He has also worked on regional housing prices, households’ mortgage choice, commercial real estate price formation, the impact of foreign buyers on the housing market, and mortgage market design.
He has published articles in the Journal of Political Economy, American Economic Review, The Journal of Finance, and the Journal of Monetary Economics, among other journals. He is an editor at The Review of Financial Studies and a faculty research associate at the National Bureau of Economic Research and at the Center for European Policy Research.
In addition, he has served as an advisor to the Norwegian minister of finance and has been a visiting scholar to the Central Bank of Belgium, the New York and Minneapolis Federal Reserve Banks, the Swedish House of Finance, and the International Center for Housing Risk. He has also contributed to a World Economic Forum project on real estate price dynamics.
Upon completion of the Real Estate Investing Strategies (Online) program, you will receive a certificate of participation from Columbia Business School Executive Education—a powerful testament to your management capabilities—and add two days towards a Certificate in Business Excellence.
Your verified digital certificate will be issued in your legal name and emailed to you, at no additional cost, upon completion of the program as per the stipulated requirements. All certificate images are for illustrative purposes only and may be subject to change at the discretion of Columbia Business School Executive Education.
Flexible payment options available.