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Not your typical ‘Thirsty Thursday’ (well, almost)

By: Kailash Gupta

 

There is no “typical” day at the Center for Real Estate, but Thursday’s are the most demanding day of the week for me, due to the mix of courses I have chosen.

My Thursdays start at 8:00 AM with a bus across the river to attend a “Private Equity Real Estate” course at Harvard Business School (yes, MIT Students can cross-register), taught by Nori Gerardo Lietz, who is extremely influential. Recently, we discussed Simon Properties’ hostile takeover attempt of Taubman, and heard directly from Robert Taubman himself. Later, I made my way back to MIT, grabbed a quick lunch at the Student Center and then headed to my Fixed Income class at Sloan at 1:00 PM. After a rigorous hour and a half lecture on futures and forwards, I literally ran from Sloan to the Center for Real Estate for one of the most anticipated lectures on Real Estate Capital Markets, taught by none other than Prof. Geltner. During the class, Prof. Geltner talked about the REIT market and REIT valuation techniques; and earlier that week we had Michael Walsh, SVP of Finance for Boston Properties, as a guest lecturer. After the class, I was afforded my only break from 4:00 PM to 6:00 PM before the start of  Real Estate Ventures which runs until 9:00 PM. During Real Estate Ventures we reviewed relevant case law and prepared to negotiate specialize provisions within a retail lease with the help of prominent lawyers from the Boston area as well as prominent retailers and retail owners and developers. Later, Prof. McGrath, as per his age old tradition, ended our Thursday with some beer and pizza at Muddy Charles, MIT’s watering hole.

Though, this might not be a typical Thursday for everyone in the program, MIT’s MSRED program enables everyone to customize their curriculum and experiences per their area of interest, be it design, development or, as in my case, finance.