Asset & Portfolio Management
Niveau
Advanced
Learning outcomes of the courses/module
The participants:
• analyze value-enhancement potential of real estate properties and portfolios on the basis of real estate economics, technical and strategic criteria and derive robust optimization scenarios.
• evaluate due diligence results with regard to risks, opportunities and ESG-relevant factors and prioritize measures for investment decisions.
• develop property- and portfolio-related optimization strategies and argue their economic and qualitative effects.
• produce commercial budgeting and cost-effectiveness models and examine their sensitivities for management decisions.
• derive investment decisions at the portfolio level, structure decision bases appropriately for the audience and reflect on the effects on risk, financing and sustainability objectives.
• analyze value-enhancement potential of real estate properties and portfolios on the basis of real estate economics, technical and strategic criteria and derive robust optimization scenarios.
• evaluate due diligence results with regard to risks, opportunities and ESG-relevant factors and prioritize measures for investment decisions.
• develop property- and portfolio-related optimization strategies and argue their economic and qualitative effects.
• produce commercial budgeting and cost-effectiveness models and examine their sensitivities for management decisions.
• derive investment decisions at the portfolio level, structure decision bases appropriately for the audience and reflect on the effects on risk, financing and sustainability objectives.
Prerequisites for the course
Fundamentals of real estate development, investment & risk management
Course content
- Methods of property and portfolio analysis
- Due diligence processes & risk assessment
- Value-enhancement & optimization strategies
- Portfolio management, diversification, risk & performance metrics
- Budgeting, cash-flow models, life-cycle considerations, scenario analyzes
- Decision preparation for management & investors
- Due diligence processes & risk assessment
- Value-enhancement & optimization strategies
- Portfolio management, diversification, risk & performance metrics
- Budgeting, cash-flow models, life-cycle considerations, scenario analyzes
- Decision preparation for management & investors
Recommended specialist literature
- Uddin, W., Hudson, W., & Haas, R. (2013). Public Infrastructure Asset Management (2nd ed.). New York, NY: McGraw-Hill Education.
- Balzer, G., & Schorn, C. (2020). Asset Management für Infrastrukturanlagen – Energie und Wasser (3. Aufl.). Wiesbaden, Germany: Springer Vieweg.
- Gondring, H., & Wagner, T. (Eds.). (2010). Real Estate Asset Management – Handbuch für Praxis, Aus- und Weiterbildung (1. Aufl.). München, Germany: Vahlen.
- Malloth, T. (Ed.). (2013). Immobilienmanagement Österreich (5. Aufl.). Wien, Austria: ÖVI.
- Balzer, G., & Schorn, C. (2020). Asset Management für Infrastrukturanlagen – Energie und Wasser (3. Aufl.). Wiesbaden, Germany: Springer Vieweg.
- Gondring, H., & Wagner, T. (Eds.). (2010). Real Estate Asset Management – Handbuch für Praxis, Aus- und Weiterbildung (1. Aufl.). München, Germany: Vahlen.
- Malloth, T. (Ed.). (2013). Immobilienmanagement Österreich (5. Aufl.). Wien, Austria: ÖVI.
Assessment methods and criteria
Portfolio exam
Language
German
Number of ECTS credits awarded
5
Semester hours per week
Planned teaching and learning method
Lectures, discussions, exercises, case studies, group work, field trip
Semester/trimester in which the course/module is offered
3