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Real Estate Investments

  • Teacher(s):   J.Walden  
  • Course given in: English
  • ECTS Credits: 3 credits
  • Schedule: Spring Semester 2019-2020, 2.0h. course (weekly average)
  •  sessions
  • site web du cours course website
  • Related programmes:
    Master of Science (MSc) in Finance : Financial Entrepreneurship and Data Science

    Master of Science (MSc) in Finance, Orientation Asset and Risk Management

    Master of Science (MSc) in Finance, Orientation Corporate Finance

 

Objectives

This short course offers an introduction to real estate finance and investments. We will cover valuation of financial instruments (various types of mortgages, for example), discuss real estate as an asset class and market models of real estate investment risk, and also the role of real estate in the greater economy (in creating systemic risk, for example). An overall emphasis of the course is on how standard financial theory may be applied to real estate, while taking the market’s unique properties into account. The teaching format will be a combination of lectures and assignments.

Contents

The course covers the following topics:

  • Valuation of bond- and mortgage-like instruments
  • Mortgages
  • Real estate investments
  • Securitization
  • REITs
  • Real estate and financial crises

References

Commercial Real Estate, 3rd Edition, by Geltner, Miller, Clayton, and Eichholtz, OnCourse Learning, 2014. This text is required.

Evaluation

First attempt

Exam:
Written 3h00 hours
Documentation:
Allowed
Calculator:
Allowed
Evaluation:

SUMMER 2020, due to coronavirus

Take-home exam, open book.

Open book online final exam (50%), assignments (50%)

Retake

Exam:
Written 3h00 hours
Documentation:
Allowed
Calculator:
Allowed
Evaluation:

Take-home exam, open book



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