Real Estate Finance, Investment, Valuation & Modelling
Overview
Real estate construction or investment requires a high level of technical expertise in building and using financial models if the building is to be profitable for its builder or owner. This has not always been available, with the result that a large percentage of real estate has been built or bought without the necessary understanding or planning to underpin decision making. The consequence of this lack of planning has often been disastrous. Therefore, professionals have to continuously upgrade and evolve especially in this dynamic real estate market in order to keep pace with one of the most active and profitable investment opportunities.
This course will teach you all the available techniques of real estate finance, investment and development, and how to apply them practically through the use of Excel, as well as providing insights into real estate modelling software such as Estatemaster and Argus. An extensive use of regional case studies will be adopted to illustrate the principles covered. Ultimately, you will get practical tips on layout and style in building and analysing user-friendly models which are available as additional benefits of attending the course.
Benefits of Attending
- Place real estate in a global context and appreciate what key risks are for the sector
- Learn market analysis techniques, data and reports
- Analyse the risk and returns of investing in real estate
- Develop land banking, investment and development bank proposals for real estate
- Evaluate discounted cash flow valuation, investment and development frameworks and financial models for lending analysis
- Integrate leases, tax and finance into real estate lending at project and corporate level
- Analyse and build robust models for complex property development and portfolio
- Take away a wide range of financial models for real estate
- Use both debt and equity financing structures and techniques
- Model any real estate investment scenario
- Be inspired. Just one good nugget of inspiration will repay the cost of the course hundreds of times over
Course Agenda
DAY 1
- Property Market and the Economy
- Case Study: Land values in Asia-Pacific and their measurement
- Case Study: The concept of valuer independence
- Case Study: The Multiplier
- The Building Blocks of Real Estate Analysis
- Exercise: Calculating Net Operating Income
- Exercise: The use of comparables to derive property values
- Analysing Real Estate Performance
- Case Study: The MSCI Investment Property Databank indices
- The Crucial Forecasting Factor
- Case Study: How accurate are real estate forecasts in Asia-Pacific?
DAY 2
- Financial Structures in Real Estate Analysis
- Exercise: Calculating and using Net Present Value for real estate
- Legal and Advanced Value Issues
- Feasibility Studies
- Examples: Feasibility studies and their evaluation
- Risk and Return
- Indirect Property Investment
DAY 3
- Financial Modelling for Real Estate
- Case Study: Evaluating good and bad Excel real estate financial models
- Computer-Based Exercise: Build a Discounted Cash Flow (DCF) model of an office real estate development
- Course Conclusion
Training Methodology
This course will teach you all the available techniques and how to practically apply them through the use of Excel and other softwares. Extensive use of case studies will be adopted to illustrate the principles covered. Ultimately you will get practical tips on layout and style in building and analysing user-friendly models which are available as additional benefits of the course. To take full advantage of the hands-on exercises, please bring your laptop equipped with Excel.
Pre-Course Questionnaire
We would like to customise the workshop based on your specific needs. Pre-Course Questionnaire will be sent prior to the workshop for analyse in advance and to be addressed during the course.
Course Certificate
Upon the successful completion of this course, you will receive a Certificate of Completion bearing the signatures from both the Course Director and the Course Organiser. This Certificate will testify your endeavour and serve towards your professional advancement.
Who Will Attend
- Real estate developers
- Investors
- Banks & lawyers
- Government & regulators
- Fund & asset management
- REITs
- Hotel groups
- Tax, legal & accounting consultants
- Market analysts
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