Modul Real Estate Risk Management

Module No. M-REM4-008
Spring Term

The goal of the module is to transfer a profound understanding of the main concepts of risk management and investment/financial analysis in the context of real estate. Given the importance of real estate cycles for strategic management as well as for real estate investment and financing, a focus will be placed as well on this key topic. The course “Real Estate Risk Management & Investment Analysis” conveys an advanced understanding of decisions under risk, insecurity and uncertainty as well as risk strategy and risk identification. A focus is placed on risk analysis and risk valuation. A basic model of risk management is presented and more sophisticated methods are introduced like scoring, the correction method, sensitivity analysis, scenario analysis and simulation analysis.

1st Course: Real Estate Risk Management & Investment Analysis
Course No. L-REM4-014

The course “Real Estate Risk Management & Investment Analysis” conveys an advanced understanding of decisions under risk, insecurity and uncertainty as well as risk strategy and risk identification. A focus is placed on risk analysis and risk valuation. A basic model of risk management is presented and more sophisticated methods are introduced like scoring, the correction method, sensitivity analysis, scenario analysis and simulation analysis. Further topics are risk control and reporting. Additionally, the basic concept of real estate cycles is discussed. Students acquire knowledge in dealing with real estate cycles as well as key trends in the context of real estate cycles.

Guest lecturer: Prof. John Glascock, Ph.D., UC University of Cincinnati, USA

2nd Course: Seminar on Real Estate Risk Management
Course No. L-REM4-015

In addition to the course on real estate risk management, the seminar in “Real Estate Risk Management” is provided in which students prepare an analysis in form of a project paper in order to gain further insight in the aforementioned topic, to apply the acquired knowledge and to (potentially) apply the concept of real estate cycles to a real-life business problem.