Real Estate Finance Suite

Overview: While property prices in the U.S. are at multi-year lows, and the Fed has embraced easy money to re-inflate the economy, real estate continues to be an important asset class in institutional portfolios and household wealth.

This program is designed for industry participants and investors to gain state-of-the-practice understanding of real estate investment and finance in the “New Normal” economy.

From demand assessment to financing, capital structures, valuation, and risk management, industry executives and experts in economics and finance will address issues that are critical in today’s real estate market.

29-Oct-2012 -- 02-Nov-2012New YorkUSD$4875
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Vinh Q. Tran, Ph.D.; ] Mon Tue Wed Thu Fri Level: Advanced

CPE CREDITS
36.0
Project managers and analysts, developers, fund managers, research analysts, consultants, sales professionals, individual and institutional investors, financial advisors, plan sponsors, investment committee members, pension board members.
No advance preparation required.
Students will be able to:
  • • Identify the drivers of real estate demand and rates of return in different real estate markets
  • • Analyze the dynamic interplay between economic trends and real estate cycles
  • • Learn and apply analytical techniques to assess demand for different property types across market segments, real estate cycles, and in foreign countries.
  • • Understand how to analyze and capitalize various types of financings
  • • Identify the various sources of capital for real estate financing, both public and private
  • • Analyze advanced structures of capital stacks for various property types
  • • Approach optimal capital structures with different types of capital, for different property types, and investment objectives
  • • Have a firm grounding of different methods of commercial real estate valuation, from using traditional methods, to valuation from the viewpoints of capital providers
  • • Understand the dynamic interplay between desired capital structures and valuation
  • • Identify the sources of risks in real estate and how to evaluate them
  • • Understand the trade-offs between risks and returns, and the risk effects of leveraging capital structures and financing
  • • Have in-depth understanding of how to create an optimal real estate portfolio through diversification across property types and markets
Financial calculator required. Knowledge of Excel.
Day 1 - Demand Assessment and Market Analysis

Days 2 & 3 - Debt, Equity and Alternative Financing

Day 4 - Capital Structure and Valuation

Day 5 - Portfolio Diversification and Risks

Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

Lunch is included for all students taking day classes.