We have reviewed the evolution of the capital markets and four quadrants all semester. Provide all possible alternatives (not just the ones you would use). A list with bullet points and rationale suffices. Utilize any relevant capital market instruments and assume no liquidity crunch. Both the public and private firms below have $500 million credit lines/revolvers with a $500 million accordion and $400 million available on the revolver.

a. How would a $3 billion in gross assets REIT or UPREIT finance (through equity and/or debt) the acquisition of a $600 million portfolio?

b. How would a $3 billion private real estate firm finance (through equity and/or debt) the acquisition of a $600 million portfolio?