Category: Property investment analysis and funding

There are two parts to the
assignment brief. In assessing the coursework, we will be looking for a
capacity to analyse, criticise and summarise. Here academic and market
knowledge should be present. Your essay must be no more than 2,400 words in
total (Element 1: 1,800 words; Element 2: 600 words). 
Element 1:
Main essay (30% mark) 
Critically
comment on one of the following essay topics: 
•       Alternative Sources of Real Estate
Debt Capital: Real Estate is invariably linked to Debt. Analyse the different
types of Real Estate loan types, such as Senior Loans, Junior Loans and Lending
within REITs. Specify too the benefits and drawbacks of each type of lending,
and the main stakeholders within each, and exemplify both theoretically
(stacking charts and margins) and examples from the market. (AP)
Element
2:  Sub essay (10% mark) 
Choose an indirect investment
instrument (Derivative, REITs, CMBS, etc.) and critically comment on its
challenges under current market circumstances. The essay should include
instrument structure, key challenges under current market conditions, and the
expected impact on the real estate market. 
This assignment is
designed to test the following learning outcomes:
•       Critically assess the impact of
mainstream and alternative sources and types of finance and funding available
to real estate investors, companies, borrowers, and the greater lending market.
Critically discuss the
advantages and disadvantages of direct versus indirect investment and to
critically explore CMBS structure, REITs, close and open-ended Funds, and
derivatives.