1. Finance 472 Rick Carter Email: rbcarter@mail.iastate.edu rbcarter@mail.iastate.edu Office Hours: Tues Wed & Thurs : 12:30-1:30 Office: 3333 Gerdin Business Building RE Finance Fall 2014

2. Required Materials My Web Page –http://www.bus.iastate.edu/rbcarter Textbook –Real Estate Market Valuation & Analysis (REVMA) by Kahr & Thomsett. WileyReal Estate Market Valuation & Analysis Calculator –Texas Instruments BAII + Blackboard

3. Internet & my Web page –Syllabus –Teams: Names & Email –Team quiz & project answers –Lecture Slides –Reviews –Links & Grades –Workbook Additional Textbook –RE Finance & Investment Brueggeman & Fisher (REFI) 14 th EdRE Finance & Investment Brueggeman & Fisher Resources:

4. Username Password My Web Page Access

5. Grades 30% each midterm 15% for all team in-class quizzes & projects 25% for the final E mails – I will respond Teams 4-6 members The Course

6. A basic understanding of : 1.Real estate types –Their pros & cons 2.Financial implications of: A.Buying, holding & selling real estate Taxes Interest rates Valuation Risks 3.Strategies Objectives

7. 1.Foundations 2.Mortgages & Interest 3.Residential –Underwriting & Analysis 4.Income Properties –Lease, tax & strategy 5.REITs & Portfolios Part I

8. Part II 6. Income Property Valuation 7. Risk & Decisions 8. Development & Finance 9. Mortgage Markets 10. Special Topics

9. Part III 11 a. Valuation –REVMA 3 11 b. Retail, Condos & Multi-Unit Analysis –REVMA 5 & 6 12. Combo: Industry/Office, Lodging & Mixed Use Developments - REVMA 7, 8 & 9

10. Midterms & Final Not comprehensive Questions –Quizzes; Lectures; Workbook & Reviews Pre-test instructions Testing Centers 60 Carver Hall or 2552 Gilman Hall –Blackboard –Get the week to complete –No class the testing week I won’t review results in class –Results will be posted on line

11. Grading I will curve if necessary –Class average a B+ (87%) Letter grades assigned from this schedule: –D+ < 70 –C- 70to<73% C 73to<77% C+ 77to<80% –B- 80to<83% B 83to<87% B+ 87to<90% –A- 90to<93% A 93%+ I will not change to the higher grade regardless of how close your score is

12. Teams

13. Introductory Quiz