Last modified: 31 May 2022 13:05
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 | Undergraduate | Level | 4 |
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| Term | First Term | Credit Points | 30 credits (15 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
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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.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 60 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
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| Assessment Type | Summative | Weighting | 40 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Students will receive individual written feedback on their written coursework. They will also receive model answers to numerical tutorial exercises as well as verbal feedback in the course of tutorial discussions. |
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| Knowledge Level | Thinking Skill | Outcome |
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There are no assessments for this course.
| Knowledge Level | Thinking Skill | Outcome |
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| Factual | Remember | ILO’s for this course are available in the course guide. |
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