Real Estate Institutional Investing And Fund Management

A comprehensive introductory course on institutional real estate investing and real estate portfolio management.

What you'll learn
By the end of this course, you will have a comprehensive and well-rounded perspective of institutional real estate investing and real estate fund/portfolio management.
You will find out about careers in real estate and gain new insights into what a real estate portfolio manager at an investment fund does, including the stages and lifecycle of a real estate transaction.
You’ll gain an understanding of the key concepts and principles in institutional real estate investing and real estate portfolio management.
You’ll learn new concepts and ideas that help develop an investor’s mindset, even if you don’t work in the sector.
You will understand the different types of real estate investment funds, specifically how they raise capital, and how their risk appetite, investment time horizon, and return targets differ.
You’ll be able to talk confidently at networking events or interviews with your newly gained real estate investing knowledge.
You will feel inspired about working in real estate or learning more about the sector.
Requirements
Some basic knowledge in finance, investing and economics might be beneficial.
Description
In this course, you will learn about real estate investing in an institutional context, which means from the perspective of a private equity fund, pension fund or a developer.Real estate investing is both an art and a science. To understand real estate and be a great real estate investor, you need to learn multiple disciplines, such as finance, economics, and politics.This course covers the multi-disciplinary and financial aspects of real estate investing (debt financing, deal structuring, financial modelling, transaction execution, portfolio concepts) and also regeneration and placemaking.Because at the end of the day, real estate is all about creating beautiful places that people like to live and work in. Buildings can transform lives and bring communities together.So being an excellent real estate investor is not just about crunching the numbers but about appreciating aesthetics, history, and heritage. It’s also about understanding communities, what people want and need.Andy Warhol said: “Being good in business is the most fascinating kind of art. Making money is art and working is art, and good business is the best art”.This course gives you a good overview of all these aspects.You will discover:Real estate as an asset in a context of an investment portfolioTypes of real estate acquisitionsPortfolio strategiesCareer options in institutional real estate investingIntroduction to valuation approachesWaterfall distributionKey concepts and metricsRegeneration and placemaking principlesYou will know what a career as a real estate fund manager at an asset manager like Blackrock or a private equity firm involves, and you will have a comprehensive overview of institutional real estate investing.You’ll also feel inspired and excited about working in real estate or learning more about the sector in more detail.This course does not cover:Flipping and renting houses or where to buy housesPersonal investingSpecific markets and where to investActual deals/transactions. All deals I worked on are highly confidential, so there is no covering of any real deals. This course is theoretical only. Financial modellingThis course covers breadth rather than depth. Each session within the course could easily be expanded into a separate stand- alone course, as real estate investing is a complex and technical area. As an introductory course, this course is intentionally short (2 hours) since we are all short on time these days.In detail, the course consists of 20 topics, covering: What is Real Estate? What is Institutional Investing? Real Estate as an asset class Real Estate characteristics 4 types of real estate investmentTypes of real estate acquisitions Portfolio strategies Different types of funds and characteristics Key stakeholders in real estate Career options in real estate Different real estate sectors Real Estate development deal structure Real estate development process Real Estate transaction lifecycle Development financing Real Estate valuation approaches Key terms and metrics in real estate Waterfall distribution cashflow (promote) Regeneration and placemaking principles Walkthrough of an example of a financial model

Overview

Section 1: Introduction

Lecture 1 What is real estate?

Lecture 2 What is institutional investing?

Section 2: Real Estate Characteristics

Lecture 3 Real estate characteristics

Lecture 4 Different real estate sectors- Residential

Lecture 5 Different real estate sectors- Commercial

Section 3: Real estate in a portfolio

Lecture 6 Real estate as an asset class

Lecture 7 Measuring risks

Lecture 8 Portfolio strategies

Lecture 9 Different types of funds and characteristics

Section 4: Key players and roles

Lecture 10 Key stakeholders in real estate

Lecture 11 Career options in real estate

Section 5: Types of real estate investments/acquistions

Lecture 12 4 types of real estate investment

Lecture 13 Types of real estate acquisition

Section 6: Deal/acquisition structuring and lifecycle

Lecture 14 Real estate development deal structure

Lecture 15 Real estate development process

Lecture 16 Real estate transaction lifecycle

Lecture 17 Development financing

Section 7: Valuation approaches and key concepts

Lecture 18 Key terms and metrics in real estate- Return metrics

Lecture 19 Key terms and metrics in real estate- Asset metrics

Lecture 20 Key terms and metrics in real estate- Leverage metrics

Lecture 21 Real estate valuation approaches

Lecture 22 Waterfall distribution cashflow (promote)

Lecture 23 Financial model walkthrough

Section 8: Regeneration and placemaking

Lecture 24 Regeneration and placemaking principles

Students exploring career options.,Young professionals looking for a career change and curious about real estate.,Professionals in finance/technology/banking hoping to learn more about the real estate sector.,Multi-asset fund managers wanting to learn more about the real estate sector.,Anyone else who wants to expand their knowledge and want to learn more about real estate investment management.