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INTERNATIONAL REAL ESTATE INVESTING

2017-2018

IESEG School of Management ( IÉSEG )

Code Cours :

1718-IÉSEG-M1S1-FIN-MA-EI83UE

FINANCE


Niveau Année de formation Période Langue d'enseignement 
Master1S1English
Professeur(s) responsable(s)P.Newsom
Intervenant(s)P.Newsom


Pré requis

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, effective interest rates, and annuities) and techniques (e.g., net present value and internal rate of return).

Objectifs du cours

(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 determinate 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.

Contenu du cours

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.


Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Face to face
lecture16,00  
Independent work
Reference manual 's readings4,00  
E-Learning2,00  
Independent study
Individual Project8,00  
Estimated personal workload6,00  
Distance learning
Webinars4,00  
Charge de travail globale de l'étudiant40,00  

Méthodes pédagogiques

  • Tutorial
  • Seminar
  • Case study


Évaluation

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 de ContrôleDuréeNombrePondération
Continuous assessment
QCM1,00330,00
Participation3,00420,00
Others
Case study1,00320,00
Final Exam
MQC2,00130,00
TOTAL     100,00

Bibliographie

  • 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/ - -


Ressources internet



 
* Informations non contractuelles et pouvant être soumises à modification
 
 
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