Private real estate has become a cornerstone of institutional portfolios — offering diversification, inflation protection, and attractive long-term returns. Yet navigating this dynamic asset class requires more than market knowledge: investors must master fund structures, performance metrics, valuation techniques, and the dynamics driving global real estate markets.
Through a mix of lectures, case studies, and applied exercises, this intensive two-day program provides participants with a structured and practical understanding of the asset class — from its role in institutional portfolios to the mechanics of funds, strategies, and valuations.
How you will benefit
- Understand the role of private real estate in asset allocation and portfolio construction
- Explore strategies and instruments across global markets
- Gain practical insights into fund economics, documentation, and performance measurement
- Analyze market cycles and trends in Europe, APAC and the US
- Compare valuation methods
- Learn how to construct a global private RE portfolio
Program length
2 days
| Day 1 | 09:00 – 17:30 |
| Day 2 | 09:00 – 17:30 |
Next steps
We offer carefully crafted learning paths designed to help you dive deeper into various facets of finance. Take the next step in your professional learning path by choosing one or more of our specialized programs, for example:
Day 1 | Morning
Introduction to Private Real Estate
- The place of PRE in an asset allocation
- Strategies and instruments
- Funds, their functioning, their stakeholders and their ecosystem
- J-curve, terms and economics
- Sector (geographical breakdown, funds raised, invested, etc.)
- Performance (IRR, TVPI, PME)
- Time permitting: a small workshop on fund documentation
Day 1 | Afternoon
Real Estate Economics and Market Dynamics
- Fundamentals of real estate economics (Di-Pasquale-Wheaton model)
- Understanding how a shock impacts the different markets (rental, capital and construction markets)
- The four real estate quadrants
- Role of real estate financing (risks and returns)
- Real estate metrics (cap rate, vacancy rates, overrent vs underrent, etc.)
- Discussion of the different real estate sectors and their drivers
- Cyclicality of real estate: discussion of major real estate boom and busts
- Secular trends and their impact
- Discussion of the recent trends in real estate markets in Europe, APAC and the US
Day 2 | Morning
Private Real Estate Investment Market
- Real estate valuations: DCF, cap rate approach and international differences
- Discussion of the different real estate styles (core, value add, opportunistic, RE debt)
- Understanding the real estate value chain in core, value add and RE debt
- Mapping of the current landscape of RE fund investment managers and funds
- Funds vs direct deals, club structures and JVs
- Recent capital raising trends and product and sector offerings
- Real estate multi-managers: How to construct a global private RE portfolio
- The art of due diligence (steps in DD, INREV questionnaire, assessment of track record
Day 2 | Afternoon
Business Case
The participants will be divided into groups and will take on the fictional role of a portfolio manager or investment team presenting a new fund to the investment committee (IC) of a pension fund, multi-manager, or family office as an addition to the existing portfolio. The participants must select from various funds and then prepare a 15-minute presentation for IC approval of the investment.
Program preparation
There is some preparatory work required for this program. Pre-readings consist of case materials, chapters of a book and/or a few articles. These materials will be made available on a password protected webpage a few weeks prior to the program.
To ensure maximum benefit from the program for participant and fellow-participants, we strongly advise to prepare prior to attending.
This program is designed for professionals in asset management, pension funds, family offices, and financial institutions who want to deepen their expertise in private real estate investment.
Please contact us should you feel the need to verify your level of knowledge.
Prerequisite
Proficiency in English is vital for following this training program effectively.
Is this program not the right fit for you?
We offer other programs which you might find more interesting or useful, such as:
> Private Equity
> Entrepreneurial Finance: Venture Capital Financing
