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Themes and Modules

Course Themes

The course has a number of themes running through it that reflect some of the key trends shaping the industry and will be explored throughout the programme:

  • The interaction between the economy and real estate markets
  • Globalisation and its influence on the market
  • Risk management and mitigation
  • The impact of technological change on real estate
  • Sustainable buildings and cities

 

Course Modules

There are eight modules which will be delivered over the course of the two years and explored in the residential sessions:

ModulesTopics

 

Real estate as an asset class [REM1]

  • Real estate in a mixed asset portfolio
  • Understanding the global real estate market – markets, sectors and investors and other stakeholders
  • Drivers of risk and return across sectors
  • Valuation principles
  • Financing - capital structure decisions

 

Research methods [REM2]

  • Interpreting data and their limitations in a real estate context
  • Statistical and econometric tools for analysis
  • Modelling and simulation techniques
  • Real estate data vs other asset classes
  • Essay/dissertation writing

 

Private real estate, funds and international investment [REM3]

  • Private real estate – strategy and objectives
  • Structures, fees, governance and alignment
  • Real estate debt, assessing loan terms and hedging strategies
  • Global real estate strategies and implementation issues
  • Valuations and investment performance measurement (pre and post-tax)
  • Risk measurement in portfolios and managers
  • Assessing and selecting private real estate managers/partners

 

Real Estate Appraisal and Decision-Making [REM4]

  • Discount rates, growth rates and yields
  • Integrating debt finance and stressing cash flows
  • Assessing rental income flows with different leasing structures
  • Indexed and constrained index leases
  • Scenario analysis

 

Real estate securities [REM5]

  • Fixed interest securities
  • Asset and mortgage backed securities
  • Real estate securities and REITs
  • REITs/real estate securities and the underlying market
  • Analysis of REIT performance

 

Real estate development [REM6]

  • Development intro - Why develop?  Who involved?
  • Urban planning – UK and international practice
  • The development process
  • Development appraisal
  • Development risk management

 

Real estate businesses [REM7]

  • Real estate businesses
  • Leading and managing organisations and in real estate
  • Business growth and profitability dynamics
  • Analysis of REIT performance

Real estate strategy and leadership [REM8]

  • Real estate trends
  • Real estate strategies and business challenges
  • The role of leaders in a real estate business

 

** Please be aware that the programme is continually evolving in order stay relevant to industry needs and reflect emerging trends. Therefore the course content and modules may vary from that published on this website.

 

Please revisit this page as further details and information about the courser will be added shortly and this page will be updated regularly.  02/08/2016

 

 

 

 

Upcoming events

The Denman Lecture given by David Pitt-Watson. Nov 23rd 2016 6pm

Nov 23, 2016

The Bateman Auditorium, Gonville and Caius College

Upcoming events

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