Real Estate Investment and Finance

PLAN60191 Real Estate Investment and Finance 15 Semester 1 Postgraduate Taught Level 7 Vaidehi Tandel Unit coordinator Planning, Property and Environmental Management 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 7.5 This unit is a combination of investment and finance. It aims to comprehensively examine the broad investment markets and to place into context the role of real estate as an investment asset by examining alternative investment vehicles.The unit will examine principles of investment and asset valuation across a wide variety of asset classes including: equities, debts and derivatives markets. The unit will equip students with knowledge of debt instruments, risk mitigation techniques, and debt securitisation used in the financing of real estate, and the structuring of debt instruments as investment products.Through national and international case studies and discussions during lectures, students will be equipped with knowledge of the real estate capital markets. Through workshop and tutorial exercises the students will develop competence in the application of quantitative techniques for evaluating real estate investment potential of assets. Though the assessment process, students will be able to hone quantitative and numeracy skills and undertake an evaluation of investment strategies of real estate funds. This unit is a combination of investment and finance. It aims to comprehensively examine the broad investment markets and to place into context the role of real estate as an investment asset by examining alternative investment vehicles.The unit will examine principles of investment and asset valuation across a wide variety of asset classes including: equities, debts and derivatives markets. The unit will equip students with knowledge of debt instruments, risk mitigation techniques, and debt securitisation used in the financing of real estate, and the structuring of debt instruments as investment products.Through national and international case studies and discussions during lectures, students will be equipped with knowledge of the real estate capital markets. Through workshop and tutorial exercises the students will develop competence in the application of quantitative techniques for evaluating real estate investment potential of assets. Though the assessment process, students will be able to hone quantitative and numeracy skills and undertake an evaluation of investment strategies of real estate funds. <div> • Explore the principles of investment and the creation of value • Critically evaluate direct and indirect methods of investing in real estate • Demonstrate approaches used in financing of funds and individual projects • Introduce the various techniques in commercial real estate finance and to examine how risk and reward can be shared • Examine the role of real estate in a mixed asset portfolio</div>   <ul> <li> Demonstrate an understanding of different classes of investment, the role of direct and indirect property investment, and the structuring of debt and equity instruments as investment products</li> <li> Have an overview of the current real estate finance market</li> <li> Understand, analyse and compare alternative real estate funding techniques</li> <li> Demonstrate a critical understanding of debt instruments, risk mitigation techniques and debt securitisation used in the financing of real estate</li> </ul> <ul> <li> Undertake portfolio review and strategic investment decision-making</li> <li> Apply and critically analyse measures of property investment performance</li> </ul> <ul> <li> Construct robust models to analyse and value real estate investments</li> <li> Anticipate real estate investment problems and structure appropriate solutions  </li> </ul> <ul><li>Collect and interpret quantitative and qualitative data</li><li>Effectively communicate ideas and concepts in writing</li></ul> A range of teaching and learning methods will be adopted with conventional lectures used to introduce the topics in a structured manner. Workshops and tutorials will be used to apply real estate investment analytical techniques and to facilitate critical debate about key issues in real estate investment theory and practice.All unit material will be available online. Formative feedback will be provided through Q&A, discussion and interactive activities within lectures, workshops and tutorials. Where appropriate, the discussion board on VLE will be used as a repository for FAQs. Essay (3000 words) 100% weighting Detailed feedback on summative assessments will be provided via VLE. This will be in written format.    MSc Real Estate MSc Real Estate Development PGDT Taught Component Optional MSc Real Estate MSc Real Estate Asset Managet PGDT Taught Component Mandatory MSc Real Estate PT MSc Real Estate Development PT PGDT Taught Component Optional MSc Real Estate PT MSc Real Estate Asset ManagePT PGDT Taught Component Mandatory Y Baum A. (2015) Real Estate Investment: A Strategic Approach (3rd Edition), Abingdon: Routledge Brown G. and Matysiak G. (2000) Real Estate Investment: A Capital Market Approach, Harlow: Financial Times (Prentice Hall) Enever N., Isaac D. and Daley M. (2010) The Valuation of Property Investments (7th Edition) Oxford: EG Books Isaac D. and O’Leary J. (2011) Property Investment (2nd Edition), London: Palgrave Macmillan Cuthbertson, K. and Nitzsche, D. (2008) Investments, 2ndEdition Chichester: Wiley Bruggeman W. B. and Fisher J. (2010) Real Estate Finance & Investment, 14th edition, Irwin McGraw-Hill Geltner, D., Miller N., Clayton, J. and Eichholtz, P. (2007), Commercial Real Estate Analysis and Investments, Arizona: South-Western Educational Publishing Ball, M., Lizieri, C., and MacGregor, B.D. (1998) The Economics of Commercial Property Markets, London: Routledge Baum, A. and Hartzell, D. (2011): Global Property Investment - Strategies, Structures, Decisions, Oxford: Wiley Blackwell Brooks, C. and Tsolacos, S. (2010) Real Estate Modelling and Forecasting, Cambridge: Cambridge University Press Chan, S. H.; Erickson, J. and Wang, K. (2003) Real Estate Investment Trusts: Structure, Performance and Investment Opportunities Oxford: Oxford University Press Imperiale, R. (2002) Real Estate Investment Trusts: New Strategies for Portfolio Management, New York, John Wiley and Sons Inc Linneman, P. (2011) Real Estate Finance and Investments, 3rd Edition, Philadelphia: Linneman Associates Lizieri, C. (2009), Towers of Capital, Oxford: Wiley-Blackwell Westerfield, R. and Jordan, B. (2012) Fundamentals of Corporate Finance, 8th edition, Boston: McGraw Hill Lectures 22 Seminars 8 0 120