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.


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: 01.03.2021 - 14.04.2021

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 (applies in this implementation):

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


  • 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 evaluation is based home exam, which has due at the end of the course.

  • Valid 01.08.2020-31.07.2022:

    160 hours (6 cr). The workload per activity type will be presented in the course syllabus.


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

  • 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