Courses Exchange Display 2019-2020

Course Description To PDF
Course title Real Estate Finance
Course code EBC4055
ECTS credits 6,5
Assessment None
Period
Period Start End Mon Tue Wed Thu Fri
5 14-4-2020 5-6-2020 X X
Level Advanced
Coordinator Nils Kok
For more information: n.kok@maastrichtuniversity.nl
Language of instruction English
Goals
Understand modern financing techniques for real estate
Acquire a deep understanding about real estate investment strategies and valuation
Understand how different real estate markets (housing, commercial real estate) behave in the light of macro economic and demographic developments
Description
The real estate markets play a major role in the economy. By all counts, the real estate market is the largest asset market we have. Moreover, the investment characteristics of real estate differ markedly from those of other asset classes like stocks and bonds moreover, the real estate market is responsible for a major part of global resource consumption. All this makes studying the real estate markets relevant and interesting. Some of the topics addressed include:
-advanced valuation issues
- the economic effects of sustainability in real estate
-explaining property market behaviour
-diversification of the real estate portfolio
-direct and indirect real estate investments
-performance measurement of property investments
-real estate and inflation
-international real estate investments
-mortgages and mortgage-backed securities
- green real estate financing

One of the teaching methods also includes a mandatory field trip.
Literature
Reader containing book chapters and journal articles.
Geltner, Miller, Clayton and Eichholtz, Commercial Real Estate Analysis and Investments, 3rd edition, 2013. Oncourse Learning
Prerequisites
Basic knowledge of Financial Markets, Portfolio Management, and Valuation. Courses and workload are demanding for all IB Master courses. Exchange students need to have obtained a Bachelor degree in business.
An advanced level of English.
Teaching methods PBL / Presentation / Lecture / Assignment / Groupwork
Assessment methods Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Business Research - No specialisation Year 1 Disc - IB Sustainable Finance
Master Business Research - Operations Research Year 1 Elective Course(s)
Master Business Research - Operations Research Year 2 Elective Course(s)
Master Financial Economics - Asset Pricing Elective Course(s)
Master Financial Economics - Banking Elective Course(s)
Master Financial Economics - Financial Analysis Elective Course(s)
Master Financial Economics - No specialisation Elective Course(s)
Master Fiscal Economics Economics Elective(s)
Master International Business - Accountancy Elective Course(s)
Master International Business - Controlling Elective Course(s)
Master International Business - Entrepreneurship and SME Management Elective Course(s)
Master International Business - Organisation: Management, Change and Consultancy Elective Course(s)
Master International Business - Strategic Corporate Finance Elective Course(s)
Master International Business - Strategy and Innovation Elective Course(s)
Master International Business - Sustainable Finance Compulsory Course(s)
SBE Exchange Master Master Exchange Courses
SBE Non Degree Courses Master Courses