Global Learning for Operational Leaders
Course AF-048
Real Estate Investment Analysis and Financial Modelling
Real estate decisions involve large sums, long time horizons and many assumptions. Investors, developers and asset owners need a clear, stru... The outline covers Real Estate as an Investment Asset, Building the Property...
- 5 daysClassroom or online
- 14Upcoming dates
- 7Cities
- €1,625Fees from
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Real estate decisions involve large sums, long time horizons and many assumptions. Investors, developers and asset owners need a clear, structured way to test whether an opportunity creates value before committing capital.
This course teaches participants how to analyse income-producing and development properties with practical financial models. They build cash flow projections, apply return measures such as NPV, IRR, equity multiple and cash-on-cash return, and test how sensitive the results are to rents, costs, financing and exit values.
What you will achieve
Learning objectives
- Explain the main drivers of value and risk in real estate investments
- Build a property cash flow model from rental income, operating costs and capital expenditure
- Calculate and interpret NPV, IRR, equity multiple, yield and cash-on-cash return
- Model the effect of debt financing and leverage on investor returns
- Run sensitivity and scenario analysis to test key assumptions
- Present an investment recommendation clearly to decision makers
Who should attend
Target audience
- Real estate investment analysts and asset managers
- Finance managers in real estate, development and investment companies
- Property developers and development managers
- Family office, fund and private investment professionals
- Bank and credit officers who assess real estate lending
Methodology
Learning approach
- Short expert briefings on each financial concept
- Step-by-step spreadsheet modelling exercises
- Case studies of residential, office, retail and mixed-use investments
- Group work to analyse and compare investment opportunities
- Presentation of an investment recommendation on the final day
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Real Estate as an Investment Asset
- Real estate asset classes and their risk and return profiles
- Market cycles, supply and demand drivers
- Income, capital growth and total return
- Coffee break
- Income, capital growth and total return (continued)
- Key metrics: yield, cap rate, NOI and occupancy
- Due diligence questions before investing
Day 2
Building the Property Cash Flow Model
- Structuring a clear and auditable model
- Rental income, vacancy and lease assumptions
- Operating expenses, service charges and capital expenditure
- Coffee break
- Operating expenses, service charges and capital expenditure (continued)
- Net operating income and annual cash flows
- Exit value and terminal capitalisation rate
Day 3
Investment Returns and Valuation Measures
- Time value of money for real estate decisions
- Net present value and discount rate selection
- Internal rate of return and its limitations
- Coffee break
- Internal rate of return and its limitations (continued)
- Equity multiple, payback and cash-on-cash return
- Comparing investments with different profiles
Day 4
Financing, Leverage and Risk
- Debt structures, loan-to-value and interest cover
- The effect of leverage on returns and risk
- Sensitivity analysis on rents, costs and yields
- Coffee break
- Sensitivity analysis on rents, costs and yields (continued)
- Scenario and break-even analysis
- Identifying and mitigating key investment risks
Day 5
Investment Decision and Recommendation
- Integrating analysis into an investment case
- Investment committee papers and presentations
- Communicating assumptions and uncertainty
- Coffee break
- Communicating assumptions and uncertainty (continued)
- Case study: full analysis of an investment opportunity
- Personal action plan for applying the models
Course FAQs
Questions about this course
What participants and training managers usually ask before booking Real Estate Investment Analysis and Financial Modelling. Can't find your answer?
What does Real Estate Investment Analysis and Financial Modelling (AF-048) cover?
This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Real estate investment analysts and asset managers, Finance managers in real estate, development and investment companies, Property developers and development managers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Munich, Amsterdam, Cape Town, Frankfurt, Barcelona, Rome, Paris.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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