Essentials of Institutional Real Estate - 2 Days
Asset and Debt Valuation - 1 Day
The course will discuss the various appraisal techniques with emphasis on interpreting the results of an appraisal. It will also include a lease-by-lease discounted cash flow analysis (DCF) of a property. Excel spreadsheets will be used that mimic the types of analysis used in proprietary appraisal programs used by institutional investors.
Institutional Portfolio Construction and Strategy - 1 Day
Risk analysis within the portfolio construction, monitoring, and rebalancing process includes instruction on the use and interpretation of various risk measures, including the Sharpe, Treynor, and Sortino ratios along with the duality of beta in the form of upside and downside betas. Within the context of the investment policy statement and/or investment fund parameters, the course concludes with discussions on rebalancing and/or modification of investment strategy along with considerations as to “style” and risk and return parameters within a specific fund or investment program.
Investment Analysis and Due Diligence - 1 Day
Performance Reporting and Manager Evaluation - 1 Day
Space Market Analysis - 1 Day
Section 1 - Calculation Oriented Course Work
Section 2 - Structuring
Digging Into Reporting Standards - 1 Day
This class can be particularly valuable for Investors, Portfolio Managers, Accountants, Performance Measurement, Client Services and Valuation personnel to connect the dots between investment products, investor reporting, benchmarks and standards.
Some topics include:- Why standards are critical for decision making
- How RS fills the gap created by other standard-setting organizations
- How RS can help you in your day-to-day responsibilities and where to find information
- How you can be involved in establishing ever-evolving best practices in the real estate industry
- What it means to be compliant
Mike Morrell from New York State Teachers’ Retirement System and Jamie Kingsley from NCREIF lend their respective expertise as instructors for this course. Students will leave the class with increased confidence in what the Reporting Standards are and why they are needed!