The last few decades have seen rising capital allocations to real estate as bond yields have compressed. With financing attributes beneficial to institutional investors, fund managers, and entrepreneurs alike, real estate has become an avenue to wealth building and a source of portfolio diversification for a wide range of investment entities.
More recently, the COVID-19 pandemic has had a profound impact on the real estate industry across the globe that could last for years. The disruption to financial markets and the global economy presents unique challenges for all aspects of real estate dealmaking, including fair valuation of real estate assets, decision making under uncertainty, regulatory changes, long-run implications of work from home, and risk to tenants whose ability to pay rent has been impeded. Yet, the dislocation also presents tremendous opportunities not seen since at least the great financial crisis of 2008–2010. Hotels and retail properties in particular are ripe targets for distressed-asset investors.
“Real estate accounts for one-third of the world’s capital assets. In this program, you'll gain critical knowledge and become conversant about the principles of real estate investing while taking a global perspective.” - Tomasz Piskorski, Faculty Co-Director
This program is designed to provide a deep dive into the changing fundamentals and emerging opportunities in real estate. Participants build on their existing business knowledge and learn how to apply it to the real estate investment market. Specifically, participants will:
- Solidify their understanding of key real estate investment fundamentals and metrics
- Using real-world case studies, examine determinants of successful real estate investing
- Learn how to analyze the distressed real estate investment opportunities
- Consider the perspectives of investors and investment management firms
- Understand factors that are disrupting the business and explore strategies to improve buying, renting, selling, and managing real estate assets
Upon completion of this program, you will earn three credits towards a Certificate with select alumni and tuition benefits. Learn more.
Columbia Alumni are eligible for a 25 % tuition benefit that can be used and share with up to four colleagues. Remaining bid points may also be applied as tuition dollars.
*** Preferred pricing is available for groups of two or more. To inquire, email Kimberly Rapp