Real Estate Basics Webcast

Time: 1 x approx. 4.5 hours – Prof. Dr. Tobias Just, Managing Director and Scientific Director

The lecture “Macroeconomic Foundations of the Real Estate Market” examines the overall economic significance of the real estate sector. Particular emphasis is placed on the core areas of real estate supply and demand and the functioning of real estate markets. In addition to national real estate cycles, international cycles are also examined. The lecture is rounded off with current topics such as the effects of regulatory intervention and the implications of the coronavirus pandemic for real estate markets.

Learning objectives:

• Macroeconomic significance of the real estate sector
• Real estate supply and demand
• Functioning of real estate markets
• International real estate cycles
• Market failure in the real estate sector

Time: 1 x approx. 1 hour – Prof. Dr. Thomas Beyerle, Biberach University of Applied Sciences

The lecture “Sustainability in the real estate industry” first examines various positions on sustainability and the role of real estate (or properties and stakeholders) in the corporate sustainability process. It also examines the factors influencing the investment approach and economic implementation, as well as how these can be measured. A practical implementation example rounds off the lecture.

Learning steps:

• The components of sustainability
• Regulatory environment
• Profitability of sustainable investments

Time: 1 x approx. 3.5 hours – Uwe Kaiser, Deutsche Bank

The lecture “Real Estate and Financing” examines the reasons why owners finance their real estate with external capital, which products are suitable for this purpose, and who the providers are. Furthermore, the lecture focuses on explaining the most important features of (bank) real estate financing and its legal basis. Finally, questions about interest rates and, if applicable, interest rate hedging are addressed, and the overall economic significance of the real estate sector is examined. Particular emphasis is placed on the core areas of real estate supply and demand as well as on the functioning of real estate markets. In addition to national real estate cycles, international cycles are also examined. The lecture is rounded off with current topics such as the effects of regulatory intervention or the implications of the coronavirus pandemic on real estate markets.

Learning steps:

• Reasons for external financing of real estate
• Providers and products
• Basics and terms of (bank) loans for real estate
• Interest rate opinion and interest rate instruments

Time: 1 x approx. 2 hours – Christina Schädler, Member of the Executive Board, BEOS / Holger Matheis FRICS, CEO, Swiss Life Asset Managers

The lecture “Real Estate Project Development” begins with the methodological basics and definitions. Building on this, the various types, trends, and strategies of project developers are presented. Further attention is paid to current trends, sustainability aspects, and the paradigm shift in asset allocation among investors. Investment appraisal, contract models, and remuneration models are covered from a methodological perspective. Various case studies are used to bring the content together in a practical way.

Learning steps:

• Typology of project development companies
• Project development processes
• Developer calculation (front and backdoor approach)
• Practical examples of real estate project developments
• Refurbishment
• Various real-life case studies

Time: 1 x approx. 1.5 hours – Prof. Yvonne Brandenburger, Erfurt University of Applied Sciences

The webcast “Area definitions according to DIN 277 and gif” highlights a central but often neglected topic in real estate practice: the correct determination and contractual specification of rental space. The focus is on the two common methods of area calculation in Germany – DIN 277 and the gif guideline (MF-G). Both define how rental areas are to be determined, but differ considerably in their approaches and results.

Learning steps:

• Area calculation according to DIN 277
• Determination of gross floor area, net rentable area, net usable area, etc.
• Distinction and definition of standard and special cases
• Rental space calculation according to gif
• Insight into and presentation of MF-G, MF-W, and MF-V
• Allocation of the respective rental space areas (restrictions on use)

Time: 1 x approx. 2 hours – Prof. Dr. Tobias Just (FRICS), IREBS Real Estate Academy

Financial mathematics is an essential foundation, especially for the real estate industry. This is particularly due to the long-term time and planning horizons of real estate, which focus on the time value of money. The focus is on interest and annuity calculations, supplemented by credit and repayment as well as investment calculations (including complete financial plans).

Learning steps:

• General information on financial mathematics
• Interest
• Annuity calculations
• Credit and repayment
• Investment calculations