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Publication Date

Fall 8-1-2016


This course examines the creation and evolution of mortgage pass-through securities, real estate investment trusts (REITs), commingled real estate funds (CREFs), and commercial mortgage-backed securities (CMBSs). These developments have had profound effects on the real estate markets, including how they have led to greater flexibility and transparency in those markets, and how they have affected the valuations and pricing efficiency of markets for real estate assets. This course will help students develop a clear understanding of the workings of and opportunities in the real estate capital markets.


Note: This syllabus was created for Baruch students while Prof. McCollum was on Baruch's faculty. Some of these materials are still in use in the RES department.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

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Real Estate Commons



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