3 October 2016
9:30 - 17:00
Cost£695.00 + VAT
(£834.00)Download this course outline
Real Estate is a major investment Asset Class offering a huge range of financing opportunities.
Real Estate values are very sensitive to the underlying economic fundamentals, political events as well as the financial markets and interest rates.
There is a huge amount of change both in terms of the underlying macroeconomic and political environment, environmental considerations and radical changes in how people work and shop, all of which make it essential to consider the role of Real Estate in an investment portfolio and the composition of the portfolio.
Traditionally large scale Real Estate Investment Funds run by Pension Funds and Insurance Companies have tended to be passively managed and focused on Direct Investments in core sectors such as offices and retail. Will that approach still be optimal when there is a huge change in the type of demand for Real Estate and when there has been a substantial increase in new types of large scale investors?
This course will provide a forum for discussion of performance of various Real Estate sectors since the credit crisis, with a primary focus on Commercial Real Estate in some of the major Developed Economies, as well as the outlook for the Real Estate sector. There will be some coverage of Housing Finance opportunities.
In meeting those objectives participants will be requested to make a recommendation for the structure of a Real Estate portfolio.
This programme will be case study driven, with exercises based on:
This programme will be relevant to people working for organisations involved in Real Estate investment decisions including:
Participants should already be familiar with the core principles of investment appraisal and company valuation techniques, as well as the core functions in Excel and the principal types of Real Estate investments. Previous familiarity with the financing of / investment in Commercial Real Estate has been assumed.
Participants should bring a laptop to the course.
Exercise: participants rank various types of real estate investments based on their relative performance since the onset of the credit crisis, as well as in relation to other major asset classes
Exercise: Participants identify and discuss the principal risks that they believe will influence returns from Real Estate Investments in the next 5 year period
Participants are assigned to groups and make their recommendations on a Global Real Estate portfolio fund taking into account