Last modified: 16 Nov 2016 17:51
The course introduces students to concepts of portfolio management and recent developments regarding real estate investment vehicles. The course takes a financial economics viewpoint and places real estate investments within this context. The course covers such important aspects as securitization of initially illiquid real estate assets, the management of building portfolios and the use of index swap contracts for risk management purposes. The course discusses also real option theory and applies it to land development and the pricing of lease contracts.
|Session||Second Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
This course covers the following: Interaction between property use and investment Property investment analysis and management Property portfolio selection Options in property: lease structure, real options and land values REITs and mortgages from an investment perspective
This is the total time spent in lectures, tutorials and other class teaching.
Continuous assessment (75%) and 1 one-hour written part-examination (25%)
Resit: 100% on written examination.