Last modified: 6 Days, 1 Hour, 23 Minutes ago
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.
| Study Type | Postgraduate | Level | 5 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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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
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Assess the performance of fund managers critically |
| Conceptual | Apply | Provide a portfolio perspective on real estate investments |
| Conceptual | Apply | Adopt the principles of risk management to real estate portfolios |
| Conceptual | Understand | Appreciate and understand asset pricing models |
| Conceptual | Understand | Appreciate the role real estate can play in portfolios |
| Conceptual | Understand | Understand the structure of investment vehicles targeted at different clients |
| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
1,500 word brief |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Apply | Provide a portfolio perspective on real estate investments |
| Conceptual | Understand | Understand the structure of investment vehicles targeted at different clients |
| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
1,500 word brief |
|||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Apply | Adopt the principles of risk management to real estate portfolios |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Understand | Understand the structure of investment vehicles targeted at different clients |
| Conceptual | Apply | Provide a portfolio perspective on real estate investments |
| Conceptual | Understand | Appreciate the role real estate can play in portfolios |
| Conceptual | Understand | Appreciate and understand asset pricing models |
| Conceptual | Apply | Adopt the principles of risk management to real estate portfolios |
| Conceptual | Analyse | Assess the performance of fund managers critically |
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