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: 27.02.2023 - 13.04.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Heidi Falkenbach

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    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 for whole curriculum period:

    The assessment methods and criteria will be announced in course syllabus.

  • applies in this implementation


  • valid for whole curriculum period:

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

  • applies in this implementation

    Lectures and tutorials (no mandatory participation), reading of study materials, home exam.


Study Material
  • applies in this implementation

    Materials are included in the folder "reading materials".

Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    11 Sustainable Cities and Communities


Further Information
  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Spring IV
    2023-2024 Spring IV

    Enrollment :

    Registration for the courses takes place in Sisu ( The course is offered only to students in the Master's Programme in Real Estate Economics, Master's Programme Creative Sustainability (Real Estate and Water Management) and Master's Programme in Urban Studies and Planning (real estate specialization) and those exchange students who have been pre-admitted to the course.

Details on the schedule
  • applies in this implementation

    Please note that we have an exceptional schedule on the second week of the course.

    On the second week lectures are

    -on Monday 13-17

    -on Tuesday 10-14.30 (with a lunch break in between)