Real Estate Portfolio MGMT

3 Credits · Level: Graduate

The management of institutional real estate funds has become increasingly sophisticated since the first fund was launched in the 1970s. This course will track the evolution of institutional read estate funds including open-end, closed end, separate accounts and other structures with core, value added and opportunistic strategies in the context of industry performance metrics and benchmarks. The course will cover all phases of the portfolio planning process, including: portfolio construction; investor relations; asset management; portfolio analysis and re-positioning; dispositions; and sourcing and executing suitable transactions. Lessons learned for managing portfolio volatility through market cycles will be highlighted as will the management of funds in a global investing environment. The course will include lectures, case studies and exercises, as well as guest presentations. Objectives 1. Understand the framework of the institutional real estate fund industry, including the investor universe and competitive landscape. 2. Learn about all phases of the the portfolio planning process from portfolio construction to execution of portfolio strategies. 3. Analyze real estate portfolios to determine priorities and action plans. 4. Identify the potential impact of the market cycle and steps that can be taken to reduce portfolio volatility. 5. Explore the effect of increasing globalization of the capital markets on real estate funds and its impact on the structuring and staffing of portfolios.