Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Real Estate Investment Analysis  What is this course about?  Real –  Estate –

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Presentation transcript:

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Real Estate Investment Analysis  What is this course about?  Real –  Estate –  Investment –  Analysis –  We’ll study…  Alternative Definition:

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Space and Asset Markets  What are Markets?  Space (Rental) Market –  Demanders:  Suppliers:  Notes:

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Space Market Characteristics  Demand:  Supply: Notes:

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Space Market Equilibrium  In Equilibrium:  Conclusions: 

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Real Estate Is About Space  Typical Sizes of Various Property Types

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Land  What Determines Land Values?   Greenfield –  Brownfield –

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Retail  Strip Centers  Anchors -

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Retail, cont.  Community Retail (Lifestyle) Center  Power Center

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Retail, cont.  Regional Malls

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: W & I Properties  Light Industrial/Office Flex Building  Bulk Warehouses  “Clear Height”

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Offices  CBD Office Space  Class A  Class B  Class C  Suburban Office Buildings

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Multifamily  Highrise Multifamily  Midrise Multifamily  Garden Apartments

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Hotels/Lodging  Hotels  Motels  Resorts

Real Estate Investments David M. Harrison, Ph.D. Texas Tech University Property Types: Specialty  Healthcare  Senior Centers/Assisted Living  Churches  Educational Facilities  Others