This course includes corporate and international real estate investment and presents the essential concepts, principles, and tools necessary to analyze income-producing commercial real estate from an investment perspective. The course integrates relevant aspects of urban and financial economics to provide delegates with a fundamental analytical understanding and application of real estate investments. The course incorporates a student version of ARGUS(R) software which is used extensively in the real estate investment industry to solve complex investment and valuation problems. Also incorporates a student version of Crystal Ball(R) – a professional-grade software used to perform risk analysis on commercial investments. The course also explores international real estate investments, both opportunistically and structurally, by outlining elements for developing and implementing real estate investments successfully abroad.
- Understand Commercial real estate as an integrated analysis of corporate finance and investments within a solid financial economics framework.
- Bridge “Wall Street to Main Street,” – this course combines academic rigor with practical relevance for real estate decision-making.
- Develop a holistic approach to the commercial real estate decision-making process using principles of financial and urban economics.
- Develop and communicate a coherent body of knowledge to address real estate and mortgage valuation and investment issues at a basic and macro level.
- Recognize that real estate assets trade in generally well-functioning markets and hence understand the framework that applies the fundamental economic principles of market equilibrium and opportunity cost to real estate investment analysis.
WHO SHOULD ATTEND?
This program will be of benefit to senior personnel involved in any aspect of commercial real estate investments, analysis, management, transactions and decision making. It will also be particularly relevant to investment and wealth managers at a retail and institutional level that include commercial real estate in their asset allocation. Some of the specific job roles or types of organization the course is suitable for include:
- Investment Banks
- Institutional Investors, including Sovereign Wealth Funds, Pension Funds, Life Assurance Fund Managers and Private Equity firms
- Commercial Real Estate companies
- Real Estate and Multi Asset Investment Managers
- Financial Advisers and Wealth Managers
- Private Banking Relationship Managers responsible for clients with large scale Real Estate investments
CERTIFICATE IN REAL ESTATE INVESTMENTS CERTIFICATION
The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional associations with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria. The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.
- Length 5 days
- Level Advanced Training
- Industry Financial Services
- Prerequisites be familiar with the core economic, financial and investment principles.
- Association IABFM - International Academy of Business and Financial Management
- Language English
- This program is worth 35 NASBA CPE credits
PART I: INTRODUCTION TO REAL ESTATE ECONOMICS
1. Real Estate Space and Asset Markets
2. Real Estate System
PART II: URBAN ECONOMICS AND REAL ESTATE MARKET ANALYSIS
3. Central Place Theory and the System of Cities
4. Real Estate Market Analysis
PART III: BASIC FINANCIAL ECONOMIC CONCEPTS AND TOOLS
5. Real Estate as an Investment: Some Background Information
6. Present Value Mathematics for Real Estate
7. Measuring Investment Performance: The Concept of Returns
PART IV: REAL ESTATE VALUATION AND INVESTMENT ANALYSIS & AT THE MICRO LEVEL
8. The Basic Idea: DCF and NPV
9. Nuts and Bolts for Real Estate Valuation: Cash Flow Proformas and Discount Rates
10. Advanced Micro level Valuation
PART V: COMPLETING THE BASIC INVESTMENT ANALYSIS PICTURE
11. Use of Debt in Real Estate Investment: The Effect of Leverage – The “Big Picture”
12. Real Estate Investment Capital Structure
PART VI: MORTGAGES FROM AN INVESTMENT PERSPECTIVE
13. Mortgage Basics I: An Introduction and Overview
14. Commercial Mortgage Analysis and Underwriting
15. Introduction to Commercial Mortgage-Backed Securities
PART VII: MACRO LEVEL REAL ESTATE INVESTMENT ISSUES
16. Real Estate Investment Trusts (REITs)
17. International Real Estate Investment: Markets, Strategies, and Implementation
PART VIII: REAL ESTATE DEVELOPMENT AND OTHER SELECTED TOPICS
18. Investment Analysis of Real Estate Development Projects: Overview & Background
19. Islamic Finance in Real Estate