OUR ACADEMIC DEPARTEMENTS |
Lesson details
 | INTERNATIONAL REAL ESTATE INVESTING | ||
2018-2019 | EnIESEG School of Management
(
IÉSEG
)
| ||
Class code : | 1819-IÉSEG-M1S1-FIN-MA-EI83UE | FINANCE | |
| Level | Year | Period | Language of instruction |
|---|---|---|---|
| Master | 1 | S1 | EnEnglish |
| Academic responsibility | P.Newsom |
|---|---|
| Lecturer(s) | P.Newsom |
- This class exists in these courses :
- IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS
Prerequisites
Students need to have a fundamental understanding of accounting and finance. Students need to be able to use Excel, or a similar spreadsheet program, and be able to apply time value of money concepts (e.g. discounting, efffective interest rates, and annuities) and techniques (e.g., net present value and internal rate of return).
Learning outcomes
(1) evaluate and analyze real estate value by applying the sales comparison, cost replacement, net operating income, and discounted cash flow methods, (2) understand real estate markets, legal and regulatory determinates of real estate value, and the effect of government controls on real estate value, (3) compute and interpret common real estate investment ratios, and (4) develop financial models to solve real-world real estate problems and create shareholder value.
Course description
This course explores the economies of real estate, real estate value, rights in real property and their transfer, and policies relating to real property. Topics to be covered include real estate valuation using the sales comparison, cost, income, and after-tax discounted cash flow methods as well as real estate markets, legal and regulatory determinants of value, and government controls. The main purpose of this course is to provide information, knowledge, and skills that will result in making value enhancing real estate investment decisions.
Class type
Class structure
| Type of course | Numbers of hours | Comments | |
|---|---|---|---|
| Independent work | |||
| E-Learning | 2,00 | ||
| Reference manual 's readings | 4,00 | ||
| Face to face | |||
| Tutorials | 4,00 | ||
| lecture | 16,00 | ||
| Independent study | |||
| Individual Project | 6,00 | ||
| Estimated personal workload | 8,00 | ||
| Total student workload | 40,00 | ||
Teaching methods
- Case study
- Seminar
- Tutorial
Assessment
Assessment includes daily quizzes that are taken in class (30% of grade), case studies performed on Argus Software (20% of grade), final exam on Friday (30% of grade), and class participation and attendance (20% of grade).
| Type of control | Duration | Number | Percentage break-down |
|---|---|---|---|
| Others | |||
| Case study | 1,00 | 3 | 20,00 |
| Continuous assessment | |||
| QCM | 1,00 | 3 | 30,00 |
| Participation | 3,00 | 4 | 20,00 |
| Final Exam | |||
| MQC | 2,00 | 1 | 30,00 |
| TOTAL | 100,00 | ||
Recommended reading
- Real Estate Finance and Investments, by Brueggeman and Fisher (ISBN: 978-0-07-337735-3 - Real Estate Finance and Investments, by Brueggeman and Fisher (ISBN: 978-0-07-337735-3
- Real Estate Principles A Value Approach, by Ling and Archer (ISBN: 978-0-07-783636-8) - Real Estate Principles A Value Approach, by Ling and Archer (ISBN: 978-0-07-783636-8)
- Investing in Real Estate by Gary W. Eldred (ISBN: 978-1-118-17297) - Investing in Real Estate by Gary W. Eldred (ISBN: 978-1-118-17297)
- Mastering Real Estate Investment: Examples, Metrics, and Case Studies by Frank Gallinelli (ISBN: 0-9818138-0-1) - Mastering Real Estate Investment: Examples, Metrics, and Case Studies by Frank Gallinelli (ISBN: 0-9818138-0-1)
- https://www.realestate.bnpparibas.com/bnppre/en/real-estate-investment/investing-europe/business-lines-p_1596913.html - -
- http://www.cushmanwakefield.co.uk/en-gb/news/2017/01/european-real-estate-investment-to-stay-strong-through-2017-despite-political-volatility/ - -
Internet resources
* This information is non-binding and can be subject to change
