This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Postgraduate Handbook 2007-2008 (archived)
Module BUSI4Z315: INVESTING IN AND FINANCING OF REAL ESTATE
Department: Economics, Finance and Business (Business)
BUSI4Z315: INVESTING IN AND FINANCING OF REAL ESTATE
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Open | 4 | 15 | Available in 2007/2008 | None. | Durham |
Pre-requisites
- None.
Corequisites
- None.
Excluded Combinations
- None.
Aims
- To enable students to acquire and demonstrate a specialist knowledge and understanding of advanced techniques in real estate investment and finance as well as of the European investment vehicles for real estate.
- To enable students to develop a critical understanding of the key aspects and drivers as well as of the underlying assumptions of real estate investment analysis.
Content
- Real estate investment vehicles.
- Real estate investment analysis.
- Traditional real estate financing.
- Innovative real estate financing.
Learning Outcomes
Subject-specific Knowledge
- By the end of the module students should have a specialised knowledge and critical understanding of:
- open-ended mutual property funds;
- open-ended special property funds;
- closed-end property funds;
- real estate investment trusts;
- real estate investment analysis;
- investment analysis with tax and without tax;
- innovative real estate financing;
- new forms of innovative real estate financing (Mezzanine Financing, ABS, CMBS, RMBS etc);
- changes due to the Basel I and II accords;
- asset securitisation.
Subject-specific Skills
- By the end of the module students should have developed specialist skills in the application of spreadsheet analysis with regard to financing real estate as single objects and within the portfolio context.
Key Skills
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Learning outcomes will be met through a combination of lectures, group work, case studies, class exercises and discussions, supported by guided reading.
- The assessment of the module by written assignment is designed to:
- test the acquisition and articulation of knowledge and critical understanding;
- test skills of application and interpretation.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| Full-day sessions combining lectures, group work, case studies, class exercises and discussions | 3 | 8 hours | 24 | ||
| Preparation and Reading | 126 | ||||
| Total | 150 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Individual Written Assignment | 50% | Individual Written Assignment | 2,000 words (max) | 100% | |
| Group Presentation | 50% | Group Presentation | 30 minutes | 100% |
Formative Assessment
Classroom-based exercises involving individual and group analyses and presentations on specific business situations/problems relevant to the learning outcomes of the module. Oral and written feedback will be given on a group and individual basis as appropriate.
Students who do not attend monitored activities shown under Teaching Methods
and Learning Hours, or who fail to complete the summative or formative
assessment(s) specified above, may be subject to the Academic Progress
procedures defined in the University's General Regulation V, and may be
required to leave the University.