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Last modified: 31 May 2022 13:05

Course Overview

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.

Course Details

Study Type Undergraduate Level 4
Session First Sub Session Credit Points 30 credits (15 ECTS credits)
Campus Aberdeen Sustained Study No
  • Dr Rainer Schulz

Qualification Prerequisites

  • Programme Level 4

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

This course examines theories and issues relevant to both mixed-asset and real estate portfolios. Themes include: institutional background; investor motives; risk and return; the application of modern portfolio theory (including the Capital Asset Pricing Model); information and market efficiency; securitization; market modelling; index construction and derivatives. Drawing these themes together, benchmarking and real estate portfolio strategy and management are examined in the context of practical examples. The course is a core module for those intending a career in Chartered Surveying, investment fund management, and related professional positions.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Tutorial during University week s 11 - 17

More Information about Week Numbers

Summative Assessments

Alternative Assessment

1x 2,000-word essay (50%)

1x 2,000-word portfolio data (50%)

Alternative Resit Assessment

Set of questions to be answered in a contextualised paper of 2,000 words (100%)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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