Academic Affairs and Advising | Real Estate Specialization

The real estate specialization provides rigorous training in (i) the economics of real estate development and investment, the financing of such projects, leasing, and appraisal of buildings, (ii) the pricing/valuation and trading of financial instruments with real estate as the underlying, such Real Estate Investment Trusts (REITS), residential and commercial mortgage-backed securities (MBS), and related derivative and structured finance products such as collateralized debt obligations (CDOs), credit default swaps (CDS), and index products (CDX, ABX, etc.), (iii) the workings of real estate primary and secondary markets, including the various participants in these markets, their roles, and (iv) the legal, taxation, and regulatory environment.  Elective courses can be chosen to emphasize the commercial real estate development process or the investment strategies in real estate capital markets. With an appropriate choice of elective courses, this track provides in-depth preparation for careers in real estate development, real estate brokerage, real estate project investment for private equity firms, family offices, sovereign wealth funds, and careers in real estate finance in the fixed income or equity desks of investment banks (research, sales, and trading), hedge funds, and sovereign wealth funds.

Faculty Advisor: Professor D. Sam Chandan,  sc5862@stern.nyu.edu

*It is recommended that students take FINC-GB.2329 Real Estate Primary Markets or FINC-GB.2339  Real Estate Capital Markets prior to or concurrent with other Real Estate courses, although it is not a pre-requisite.

**Note: Students may point a maximum of 3 credits of Global Real Estate Immersion coursework toward the Real Estate Specialization.

For additional recommendations on how to gain expertise in the area of Real Estate, please visit the Center for Real Estate Finance Research.

For course descriptions, please see the Office of Records & Registration website.