Real Estate Finance
MODULE CODE
CREDIT VALUE
DELIVERY
Module Aims
Aim 1
This module is designed to give a strong understanding of real estate investment and financing decisions. Its aim is to enable students to comprehend the basic theories and practices of corporate finance applied on real estate. Additionally, this module applies the principles of corporate finance to specific problems involving the financing and management of real estate within the corporate sector. Finally, it identifies the strategic importance of real estate to corporate financial decision making.
Module Content
• The accounting reporting of real estate in corporations
• The assessment of the performance of real estate corporations via accounting figures and ratios
• Capital Budgeting techniques tailored to real estate investment and development applications
• Capital structure decisions
• Project vs. company funding decisions
• Real estate lease or buy decision from both a financial and accounting point of view
• Real estate financial decisions with real options analysis
Learning Outcomes
On successful completion of this module, a student will be able to:
Teaching Methods
Class contact time will be one lecture per week and one group session each week, comprising of group discussion sessions to analyse problems; progress tests to probe understanding of topics covered. Additionally, the module will comprise separate projects that draw together different aspects of the modules studied in year 1 and year 2 in BA(Hons) in Accounting and Finance. Each project develops different study skills and they run sequentially.
The Blackboard site supporting this module, will provide all lecture and assessment content in addition to a wide range of materials relating to both study skills and to group management. All group work will be peer assessed and, where appropriate, both group and individual feedback will be provided for each assessment.
Assessment Methods
This module is assessed through one Portfolio Coursework and one Examination.
