Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
LEARNING OUTCOMES
The student is familiar with the characteristics of real estate investments, both direct and indirect, and understands the role of real estate in a mixed asset portfolio. The student understands how the characteristics of real estate investment and data issues affect application of standard theories in finance to real estate, and is able to conduct basic analyses. The student understands the role of investment strategy in portfolio management and implementation.
Credits: 6
Schedule: 25.02.2019 - 03.04.2019
Teacher in charge (valid 01.08.2020-31.07.2022): Heidi Falkenbach
Teacher in charge (applies in this implementation): Heidi Falkenbach
Contact information for the course (valid 31.01.2019-21.12.2112):
Assistant Professor Heidi Falkenbach, heidi.falkenbach@aalto.fi
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
Principles and practices of real estate finance, real estate in a mixed asset portfolio. Application of financial theories to real estate investment, real estate portfolios and portfolio construction. Indirect real estate investments. Portfolio strategy and implementation.
Assessment Methods and Criteria
Valid 01.08.2020-31.07.2022:
The assessment methods and criteria will be announced in course syllabus.
Applies in this implementation:
The course will consist of lectures and a home exam.
The students can choose whether they attend the lectures, or not, but as the literature on the topic is relatively scattered, it is highly recommended to take part in the lectures.
Participating in the lectures will be helpful for completing the home exam, as we will be working on similar tasks during the contact sessions. Students not participating in the sessions are guided to be mentally prepared to active information search as part of their independent study.
Workload
Valid 01.08.2020-31.07.2022:
160 hours (6 cr). The workload per activity type will be presented in the course syllabus.
Applies in this implementation:
The work load in the course is 160 hours.
For those students participating in the course, the workload consists of lectures (about 25 %); preparing, recapping and revising materials for/after lectures (25%), independent reading (25%) and home exam (25%). The division of workload between these items is relatively arbitrary, cutting short on one will most likely lead to additional work on the other.
For students not participating in the lectures, 75% of workload will be in reading and 25% completing the home exam.
Students can choose flexibly how much they participate in the contact teaching. However, guidance on the topics is provided during the contact hours and personal tutoring will not be provided outside the classroom.
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
To be announced in course syllabus, MyCourses and lectures.
Substitutes for Courses
Valid 01.08.2020-31.07.2022:
REC-E3020 Real Estate Finance
Prerequisites
Valid 01.08.2020-31.07.2022:
REC-E3600 Real Estate Market Analysis
SDG: Sustainable Development Goals
9 Industry, Innovation and Infrastructure
11 Sustainable Cities and Communities
FURTHER INFORMATION
Details on the schedule
Applies in this implementation:
Lectures on Mondays and Tuesdays 13-16, except on week 10 when lecture times are on Monday 4.3. 13-17 and on Tuesday 5.3. 10.30-14.30. We have an exercise slot reserved for Wednesdays 10-12. This slot will not be used every week.
- Teacher: Falkenbach Heidi
- Teacher: Zhukovskiy Alexey