THIS COURSE MAY BE TAKEN INDIVIDUALLY OR AS PART OF THE PROFESSIONAL CERTIFICATE PROGRAM IN REAL ESTATE FINANCE & DEVELOPMENT
The Real Estate Finance: Fundamentals course is a “finance boot camp” for real estate developers, investors, lenders, lawyers, and other real estate professionals who need to analyze the financial feasibility of real estate development ventures.
Participants will gain a comprehensive understanding of how investment returns are calculated and how income producing assets are valued. Designed for those without a financial background, this course integrates finance theory and taxation principles with conventional real estate practice.
This course has been approved for 16 CPD credits toward renewal of the CoreNet Global MCR designation.
- Understand the financial infrastructure underpinning real estate development
- Learn how financial drivers such as capital structure, investment returns, and taxes motivate stakeholders
- Understand the combination of factors that determine financial feasibility
Who Should Attend
This course is applicable to a wide range of professionals across the real estate, banking, finance/investment, and insurance industries. Specifically, the course may be of interest to fund managers, investment portfolio managers, financial advisors, investment bankers, fixed-income analysts, financial risk managers, global financial market specialists, and professionals working in macroeconomic policy. More generally, this class can be valuable to anyone dealing with global financial markets and real estate investments.
Laptops or tablets are required to access course materials. All materials will be distributed electronically.
Course runs 9:00 am – 4:30 pm on Monday, and 9:00 am – 4:00 pm on Tuesday. Please note that the schedule is subject to change.
8:00 am – 9:00 am: Registration / breakfast
9:00 am – 10:30 am: Valuation: Understand Net Present Value (NPV), Opportunity Cost, Multiples and Cap Rates
10:30 am – 10:45 am: Break
10:45 am – noon: Health Development Corporation Case: Preparation and Discussion
Noon – 1:00 pm: Lunch Break
1:00 pm – 2:15 pm: Measuring Investment Performance: Understand Nominal Versus Real Returns, Internal Rate of Return (IRR), and Introduce Risk-Return Tradeoff in Real Estate Investments
2:15 pm – 2:30 pm: Break
2:30 pm – 4:30 pm: Pro Forma Analysis: Develop Property Pro Formas, Introduce Debt Financing, and Understand Potential Abuses of Pro Formas
8:30 am – 9:00 am: Breakfast
9:00 am – 10:30 am: IBET Pension Fund Case: Preparation and Discussion
10:30 am –10:45 am: Break
10:45 am – noon: Leases: Space, Operating, and Land
Noon –1:00 pm: Lunch Break
1:00 pm – 2:30 pm: Sources of Financing
2:30 pm – 2:45 pm: Break
2:45 pm – 4:00 pm: Risk and Return: Understand Diversifiable Versus Non-diversifiable Risk, Real Estate in a Portfolio Context
The type of content you will learn in this course, whether it's a foundational understanding of the subject, the hottest trends and developments in the field, or suggested practical applications for industry.
How the course is taught, from traditional classroom lectures and riveting discussions to group projects to engaging and interactive simulations and exercises with your peers.
What level of expertise and familiarity the material in this course assumes you have. The greater the amount of introductory material taught in the course, the less you will need to be familiar with when you attend.