Real estate is the largest unregistered asset class by a large measure.
According to *The Economist* magazine, residential and commercial real
estate have a combined value of $62 trillion in the developed economies,
which makes them larger than public equity, government and corporate bonds
combined. Current problems in the credit market have led to a broad decline
in residential real estate prices. This drop in price for a large asset
class with no other major problem with fundamentals (demographics,
regulations, etc) has led to increased investment by private equity funds as
they try to find the bottom of the current real estate slump. The Intensive
Training and Fund Creation class will discuss how private equity funds are
being used to invest in undervalued real estate properties.