Modul Real Estate Valuation

Module No. M-REM4-003

The module shows that real estate is an integral part of the capital market and a unique asset class which requires special valuation knowledge. In essence, the module will focus on two major areas: the time value of money and the valuation of cash flows as well as risk and return in real estate. In doing so, the courses bridge the gap between financial theory and property investment and imparts to the students profound knowledge in real estate valuation. In addition, the module raises the level of understanding of financial and economic principles within the real estate education and enables the students to work in national and international real estate companies.

1st Course: Advanced Real Estate Valuation
Course No. L-REM4-004

The course “Advanced Real Estate Valuation” aims to introduce the students in particular to implicit valuation models / income models, simple and multiple growth valuation models, discussion of the valuation basis (market value), valuation of lease incentives, discounted cash flow valuation and real estate valuation for collateral purposes. In addition, one quest lecturer will give a presentation on current trends of real estate markets and will supervise a case study in class.

2nd Course: Real Estate Field Trip
Course No. L-REM4-005

Students will analyse current real estate issues in the field of real estate valuation. Within a three days field trip, students will be introduced to local markets, market participants, companies and current real estate issues. Thereby students will learn to implement their theoretical knowledge in order to solve real world problems. In detail, the field trip will take place in Berlin and comprises a lecture that covers the real estate market in Berlin, the selection of potential objects of purchase, the expectations on an investment proposal as well as a CEO-presentation of one of the sponsors of the Endowed Chair of Real Estate Management.