Transcript Introduction to Real Estate Analysis and Investments

Real Estate Investment Analysis
 What is this course about?
–
 Estate –
 Investment –
 Analysis –
 Real
We’ll study…
 Alternative
David M. Harrison, Ph.D.
Texas Tech University
Definition:
Real Estate Investments
Space and Asset Markets
 What are Markets?
 Space (Rental) Market –
 Demanders:
 Suppliers:
Notes:
•
•
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Space Market Characteristics
 Demand:
Notes:
 Supply:
Notes:
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Space Market Equilibrium
 In Equilibrium:
 Conclusions:



David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Real Estate Is About Space
 Typical Sizes of Various Property Types
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Property Types: Land
 What Determines Land Values?


 Greenfield –
 Brownfield –
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Property Types: Retail
 Strip Centers
 Anchors
David M. Harrison, Ph.D.
Texas Tech University
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Real Estate Investments
Property Types: Retail, cont.
 Community Retail (Lifestyle) Center
 Power Center
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Property Types: Retail, cont.
 Regional Malls
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Property Types: W & I Properties
 Light Industrial/Office Flex Building
 Bulk Warehouses
 “Clear
David M. Harrison, Ph.D.
Texas Tech University
Height”
Real Estate Investments
Property Types: Offices
 CBD Office Space
Class A
Class B
Class C
 Suburban Office Buildings
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Property Types: Multifamily
 Highrise Multifamily
 Midrise Multifamily
 Garden Apartments
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Property Types: Hotels/Lodging
 Hotels
 Motels
 Resorts
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments
Property Types: Specialty
 Healthcare
Senior Centers/Assisted Living
 Churches
 Educational Facilities
 Others
David M. Harrison, Ph.D.
Texas Tech University
Real Estate Investments