# Lecture Notes

Lecture notes files.
LEC # | TOPICS | LECTURE NOTES
--- | --- | ---
1 | Course introduction, portfolio theory | Chapters 21 and 22, slides 19-29 (PDF)
2 | Portfolio theory and CAPM | Chapters 21 and 22, slides 30-59
3 | CAPM (cont.) | Chapters 21 and 22, slides 60-73
4 | REITs introduction | Chapter 23, slides 80-82, 1-26 (PDF)
5 | REIT CF-based valuation (as stocks) | Chapter 23, slides 27-46
6 | REIT NAV-based valuation and asset valuation | Chapter 23, slides 79, 47-72
7 | Lincoln case due |
8 | REITs management considerations, wrap-up | Chapter 23, slides 73-78
9 | CMBS introduction, CMBS structure (start) | Chapter 20, slides 1-16 (PDF)
10 | CMBS structure and rating | Chapter 20, slides 17-36
11 | CMBS rating and other topics | Chapter 20, slides 37-54
12 | Real estate equity derivatives: Index swaps | Chapter 26 (PDF) Derivatives (PDF)
13 | Course wrap-up, CMBS case due |