LAW 879: Commercial Real Estate Transactions
This pass/fail short course will expose students to how a real estate acquisition is accomplished using the prototypical office building as an exemplar of the major elements of a modern commercial real estate deal. The course will involve the negotiation of a term sheet; its incorporation into a formal purchase contract; the negotiation of a lease that is a component of the acquisition; and the mortgage financing of the property. Students will see the interrelation of the various documents and will have the opportunity to role play as purchaser/landlord/borrower and seller/lender/tenant. Priority will be given to those students who have taken Real Estate Finance and Development, but this is not a prerequisite to enrollment in the course. Pass/Fail. Enrollment limited. [1 credit hour]
