This course anchors valuation methodology and outcomes in a broader framework, namely the one of risk, return, and portfolios. This framework creates the ultimate guideline for creating reliable valuations. Hence, this course will help you to describe and quantify that multi-faceted companion to reward: Risk. This course will outline principles of portfolio investment strategy, and compare the concepts and processes of sourcing and underwriting. It will describe the nature of real estate in diversified portfolios, and show you how to identify real estate correlations. You will understand the concepts and methods for due diligence, and compare the operation of internal risk rating systems. By the end of the course, you will be able to describe portfolio management techniques and instruments, including risk and return, and diversification, securitization, hedging, and derivatives. You will also be better able to understand and explain the interaction between the property market and the investment market;
Valuations cannot be made in isolation. Indeed, real estate is typically held within a well-diversified portfolio and although the real estate might have been valued appropriately using the traditional methods, which were discussed in “The Commercial Real Estate Appraisal Process”, the ultimate decision whether or not to invest is made within a strategic portfolio framework. Only when a student understands this broader framework he or she can evaluate and use the outcomes of the valuation, provide feedback to the person doing the valuation, which in turn leads to more reliable valuations.
Subscribe to our newsletter below to unlock course lectures.
Congratulation if you see this message it means you can now view the course lectures below.
After the user enters one's email address, sends the confirmation email (double opt-in) and waits until the user confirms the subscription. Then, unlocks the course lectures.
Viewing the unlock course lectures.