Real Estate Finance (M.Sc)

02-10-20 web.xrh 0 comment

University of Piraeus

M.Sc. in Banking and Finance

Finance and Investments

Course Title: Real Estate Finance and Investments

Instructor: Dr Nikolaos Apergis, napergis@unipi.gr

 

 

 Course Description, Aims and Objectives

       Real estate is a multi-faceted field, encompassing both an operating industry and a broad category of investments. It has its own institutional features, jargon, and investment structures. The aim of the course is to provide students with an understanding of the analytical techniques used for identifying investment opportunities in real estate markets and to examine different types of real investment strategies available to fund managers. Moreover, to make investment decisions, real estate portfolio managers should understand how the risk/return opportunities can be identified and utilized more effectively. There are three primary goals of this class:

  • To provide a broad overview of the real estate field, rather than a narrow focus on any particular topic.
  • To expose students to the terms, issues, and topics in commercial real estate;
  • To give students the basic skills and intuition you need to begin to evaluate a variety of real estate investme

The course will cover systematically the key features and the pricing of Private Market Real Estate Investments and Publicly Traded Real Estate Securities. Students are also expected to gain a firm knowledge of the basic tools of portfolio analysis. As such, the course will show students how the use of these tools can be employed to provide insight into a variety of topical issues. The emphasis is on the development of intuitive reasoning and the application of the techniques and models encountered rather than simply rote learning. The course does NOT require any prior knowledge of finance, algebra or statistical theory. The relevant material will be covered throughout the course. Also, the presumption in this class is that you have no prior real estate experience, and no pre-existing knowledge of the real estate industry is necessary to do well in this class. However, if you have prior experience in the real estate industry, some topics might be familiar to you already.

 

Learning Outcomes

The course will hopefully serve as a basis for students’ future personal and vocational development. To this end, it is intended to impart knowledge and learning skills which are both subject-specific and generic. Students are expected to develop the following skills: critical analysis, logical argument, problem-solving, communication, numeracy and research.