This is a survey course that employs a transactional approach (with planning problems) by examining the legal, business, and tax issues in modern commercial real estate transactions in the context of the relevant documentation, and by showing students how, within a particular transaction, one step is related to another, and how one transaction flows into another. The course takes the student through the real-world cycle of deciding whether to invest in real estate; selecting the ownership entity based on tax considerations; handling the purchase and sale of existing real estate; in the case of new construction, deciding whether and how to separately finance the cost of the underlying land; funding the purchase of existing property and the cost of construction by means of private mortgage financing; leasing the property; cashing out equity by means of secondary financing, refinancing, or a sale-and-leaseback; and selling or engaging in a tax-deferred exchange, at the end of the real estate cycle. Also, the nature of a mortgage, defaults, bankruptcy, and foreclosure are briefly examined.
Section Offerings for 2012-13
|L6483-001||13S||Real Estate Transactions|
|V. Dilorenzo||TR 2:50 PM-4:10 PM||WJWH 417|
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