TOPIC 1: Introduction to RE, REI Process and Investment and Market Environment Analysis Topics to Be Covered: INTRODUCTION TO REAL ESTATE o What is Real Estate o Residential Real Estate o Commercial Real Estate • Office • Retail • Industrial o Real Estate Ownership o Real Estate Functions • Building and Operating • Investment Management • Other Participants REAL ESTATE INVESTMENT PROCESS INVESTMENT ENVIRONMENT AND MARKET CONDITIONS ANALYSIS o Market Environment o Legal Environment o Financing Environment o Tax Environment INTRODUCTION TO REAL ESTATE What is Real Estate?