HADM 4205: Real Estate Financial Modeling

Fall. 3 credits. Letter grades only (no audit).

Prerequisite: HADM 3210 or HADM 4200. Graduate students must enroll in REAL 6205. Co-meets with REAL 6205.

Limited to HotelDM 4205 Pre-Req


  • Daniel Lebret (dl255) - Fall 2023


This course covers the basic financial models and frameworks used throughout the real estate industry today. In this introductory course, students will focus exclusively on a rigorous cash flow construction and scenario analysis to include the impact of deterministic inputs in ex-ante decision making. The course covers extensively the modeling of simple lease structures (for different property types), conventional and exotic debt instruments and simple equity waterfalls.