| Events / Training > Training: International Real Estate Investment
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International Real Estate Investment
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This intensive two-day course offers high level property professionals a unique insight into the theory and practice of cross-border real estate investment. It applies well established techniques of asset pricing and portfolio construction to the international real estate arena – to enhance your understanding of the motivations behind multi-national investment. The course confronts the challenges of international property portfolio building like currency risk, tax structuring and diversification. It examines the wide range of vehicles and instruments that have emerged to meet these needs in recent years, giving an in-depth assessment of the tools now at the global investor’s disposal.
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Who should attend
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Investment Directors |
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Heads of research |
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Asset Managers |
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Analysts |
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Fund Managers |
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Business development Managers |
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Portfolio Managers |
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Financial Managers |
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Course structure
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Introduction to real estate as an asset class. The links between property performance and that of other asset classes such as equities and gilts.
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Asset pricing and property valuation. A simple process for identifying attractive markets and properties, and for deciding which markets and assets should be sold.
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Modeling property cash flows. Using discounted cash flow modeling to determine the net present value of a property, including the impact of debt.
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Real estate derivatives. Introducing property derivative instruments and pricing, and illustrating their potential use for cross-border hedging.
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Introduction to real estate portfolio and fund management. How a property portfolio is more than just the sum of its individual buildings.
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Introduction to the players in international real estate. Who are the international investors, fund managers and advisors, and how do they relate?
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International real estate. The challenges of building international portfolios: tax and currency effects.
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Execution modes. What are the options for building an international portfolio using direct and indirect holdings, derivatives and debt - to overcome real estate’s challenges of liquidity and large lot sizes?
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Unlisted funds and private equity products. The advantages and disadvantages of unlisted indirect vehicles. |
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REITs and public equity products. The advantages and disadvantages of listed indirect vehicles. |
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Case study. Building a global real estate portfolio. |
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