Introduction to Real Estate Fund Management - In-house

Name: Introduction to Real Estate Fund Management - In-house
Brand: Bayfield Training
SKU: 806466

Bayfield Training

Course summary

Corporate Training for Teams

2 days

Bayfield Training

Corporate Training for Teams

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Course Dates

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Worldwide

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Course description

2 Day Introduction to Real Estate Fund Management

A course introducing the fund management process, specifically applicable to real estate funds. The course revises the real market and the opportunities available before comparing the risks and reward of investment in the underlying asset with investment in shares of a real estate fund (aka indirect real estate investment). When setting up a fund, the various different structures available and the broader legal framework for real estate investment activity in the UK is reviewed. Finally financial analysis of the fund revising portfolio modeling theory and benchmarking performance are demonstrated using spreadsheet models.

On this course you will:

Understand the fund origination; real estate investment and strategy
Gain appreciation of investment management at the fund level
Learn the different types of funds and the rationale for choosing a particular type of fund
Analyse real estate portfolio risk and return
Review the UK and international available benchmarks
Learn how to manage real estate risk at the portfolio level

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Suitability - Who should attend?

Who will benefit from this course

Real Estate Portfolio and Fund Managers
Real Estate transaction teams working with Portfolio and Fund Managers
Real Estate professionals in relationship and supporting institutional Investors
Research teams designing strategies and Fund products
Real Estate professionals looking to expand their knowledge
Recent Graduates interested in taking the Investment Management Fund path

Outcome / Qualification etc.

15 hours CPD accreditation

Training Course Content

Day One

The Economics, size and structure of the UK Real Estate market

Introduction to the Real Estate Market
Investment opportunities and the four-quadrent model
Value by geography, sector and structure
Manager or Investor

Direct Real Estate Investment

Global Economic Environment
Occupancy Market cycle
Investment cycle: Dev & asset market
Credit Market
Real Estate cycles: Where are we now?
Direct Real Estate total returns

Introduction to Unlisted Real Estate

What is unlisted Real Estate and why invest?
Size and structure of unlisted markets
Products and Investors
Direct vs Indirect

Fund Structures – Part 1

Financial Services Regulatory framework
Types of funds (UK, Luxembourg, Ireland, offshore, open or close-ended, limited life or evergreen, regulated or unregulated)
Rationale for choosing a particular type of fund (For example investor type, location and investment powers, asset location, costs)
Regulatory implications and requirements, including for cross-border distribution

Regulatory Framework Part 2

Strategic considerations for structure: legal, tax, regulatory and commercial
Case studies:Unit Trust/Limited Partnership with US feeders, Corporate with Luxembourg SPV’s, Luxembourg RAIF with US feeders
Rationale for choosing a particular type of fund (For example investor type, location and investment powers, asset location, costs)
Looking Forward: UK and EU horizon, Post Brexit

Conclusions

Day Two

An overview to Listed Real Estate

What is listed Real Estate and why invest
Size and Structure of listed real estate
REITs and access to finance
UK Performance vs Global Performance
Indirect: UK vs Europe

Real Estate Financial Models

Basics of Real Estate Financial Modelling and Revision of risk and return metrics calculation
Drivers of a single asset investment model
Impact of Opex and Capex considerations

UK Real Estate Rend Considerations

Lease structures and terms
Examples and differences across UK and Europe
Rent function Modelling
Impact on the overall Real Estate Model
Indexes & BenchmarksUK and International available benchmarks- factsheet

Fund Management & Stategy

Bottom Up vs ‘Top Down’ approach to Fund Management
Managing Real Estate risk at the portfolio level

Conclusions

Why choose Bayfield Training

Over 22 years in business

Original Content, Unique Delivery

+90% courses review rating from past delegates

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About provider

Bayfield Training - Real Estate Executive Education

Bayfield Training is a prominent global supplier of investment grade Real Estate executive education. Having begun as pioneers in the field of Real Estate Financial Modelling, today Bayfield has a huge extended network of experts, specialists and professionals within this...