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Real Estate Investment Finance

MSc / PGDip

School of the Built Environment

The MSc REIF is accredited by the Royal Institution of Chartered Surveyors (RICS)

The distance learning Real Estate Investment Finance (REIF) programme has been designed for real estate professionals across all sectors, as well as fund managers and investment bankers who would like to gain a better understanding of real estate as a financial asset in an investment portfolio.

The REIF programme is practically based and offers students a flexible and innovative way to study. The programme is delivered online and is supported by our Virtual Learning Environment, as well as a series of Webinars, which give students the opportunity to virtually attend lectures led by their module leaders, take part in presentations, as well as network and share work/study experiences with fellow students from across the world.

There is more information about the REIF programme on our Hot Property blog.

Available start dates

September 2018 / January 2019 / April 2019 / June 2019 / September 2019

Teaching location

Distance learning

Course length

  • Part time: 1 - 2 years for Postgraduate Diploma, 18months - 5 years for MSc

For full application details, please see the 'How to apply / Entry requirements' section.

  • The REIF programme is delivered purely online, offering students a flexible and innovative way to study.
  • The four 'stand-alone’ core modules enable students to start the programme at any of the four entry points throughout the year. 
  • Learning is supported via a series of online webinars, video podcasts, audio recordings and virtual quizzes. The regular webinars give students the opportunity to virtually attend lectures led by module leaders, take part in presentations, as well as network and share study experiences with fellow students from across the world. Recordings of the webinars are made available as part of each module.
  • Each module is organised around six learning packages allowing students to work at their own pace and keep track of their learning.
  • The REIF programme is practically based and offers the opportunity to share knowledge and experience in real life situations.
  • REIF students are part of a strong online community with access to discussion boards and chat rooms via the university’s online learning environment, as well as designated groups on various social media platforms.

The REIF programme has been designed to be studied flexibly via distance learning (online). The PG Diploma can be completed within a minimum period of one year, or spread out to a maximum of two years. The MSc can be completed within a minimum period of 18 months, or extended to a maximum period of five years.

The programme consists of four core modules with two additional modules for the MSc REIF. Each core module has been designed around six learning packages and is a ‘stand-alone’ module to enable you to start the programme at any point. 

The Real Estate Investment Market
This module aims to provide an understanding of the fundamentals and principles of the real estate investment market via six learning packages: 
  • Real estate assets, drivers and cycles
  • Investment strategies and models
  • Real estate lifecycles
  • Real estate sectors and risks
  • Real estate management – asset, fund and portfolio 
  • Real estate stakeholders.
Applied Real Estate Valuation
Looking at the valuation of real estate from two perspectives – real estate valuer and capital market valuation, this module compares and contrasts those perspectives via the following learning packages: 
  • Valuation concepts and the appraisal process
  • Valuation standards
  • Valuation techniques
  • Valuation modelling
  • Sustainability and property valuations
  • Due diligence.
Real Estate Finance and Investment
Real estate investment requires significant amounts of finance and this module provides the framework for developing understanding of the financial and business context in which a real estate organisation functions. The learning packages include: 
  • Financial reporting and the property business
  • Sources and costs of capital
  • Investment appraisal and management of risk
  • The property market and the capital markets
  • Property-backed securities
  • Property taxation.
Legal and Regulatory Considerations
This module brings together a number of regulatory and tax principles and issues that are implicit in many of the topics covered in the other modules via the following learning packages: 
  • Business legal structures
  • Property rights and land laws
  • Financial services regulatory framework
  • Regulating the raising of finance
  • Regulation of foreign investment and unlisted real estate funds
  • Corporate social responsibility and the control of money laundering and corrupt practices.
MSc Modules:
Applied Research Methods (10 credits)
Through the development of research skills, this module complements the overall MSc programme by providing students with the opportunity to draw on all of the core modules to inform and direct the choice of dissertation subject. 
 
Dissertation (50 credits)
The aim of the dissertation is to enable students to carry out and write up an extended piece of research focused on their chosen area. Students are encouraged to undertake research in an area of interest to their employers where appropriate.
 
Please note: as our courses are reviewed regularly as part of our quality assurance framework, the modules available may differ from those shown here.

Approach to assessment

There are no formal exams. Each module is assessed through a combination of online tests, coursework and presentations to reflect the practical nature of the REIF programme.

 

Innovative online learning and networking opportunities

The REIF programme has been specifically tailored to enhance students' online-learning. Alongside video podcasts and discussion boards, Webinars are held across each module offering students the opportunity to attend lectures on module topics, share work and study experiences, take part in presentations and receive feedback on assignments. Recordings of the Webinars are made available to all as part of each module.

We have also set up designated groups especially for REIF students on platforms such as Facebook, LinkedIn and Whatsapp, to enable students to get to know each other and discuss their studies informally.

 

Attendance pattern

Online distance learning.

Programme changes

On rare occasions we may need to make changes to our course programmes after they have been published on the website. For more information, please visit our Changes to programmes page.

Tuition fees

Home/EU - distance learning fee: 2017/18: Masters £7,500 (18 months) Diploma £5,000 (12 months) 2018/19: (Sep 18 entry only) Masters £7,500 (18 months) Diploma £5,000 (12 months)

International - distance learning fee: 2017/18: Masters £7,500 (18 months) Diploma £5,000 (12 months) 2018/19: (Sep 18 entry only) Masters £7,500 (18 months) Diploma £5,000 (12 months)

Payment of Tuition - 2017/18: Masters students pay £5,000 in the first year & £2,500 in the second. 2018/19: (Sep 18 entry only) Masters students pay £5,000 in the first year & £2,500 in the second

Please be aware that some courses will involve some additional costs that are not covered by your fees. Specific additional costs for this course, if any, are detailed in the 'This course in detail' window above.

Questions about fees?
Contact Student Finance on:
+44 (0)1865 483088
finance-fees@brookes.ac.uk

Funding and scholarships

Entry requirements

Upper second class honours degree or equivalent. It is also desirable to have at least two years relevant experience in the workplace.

 
This online distance learning course is open to international applicants without the need for a  visa.

Please also see the university's general entry requirements.

English language requirements

If your first language is not English you will require a minimum academic  IELTS score of 6.5 overall with 6.0 in all components.

OR

An equivalent English language qualification acceptable to the University.

Please also see the university's standard English language requirements

International applications

Preparation courses for International and EU students

We offer a range of courses to help you to meet the entry requirements for this course and also familiarise you with university life. You may also be able to apply for one student visa to cover both courses.

  • Take our Pre-Master's course to help you to meet both the English language and academic entry requirements for your master's course.
  • If you need to improve your English language, we have pre-sessional English language courses available to help you to meet the English language requirements of your chosen master’s.

If you are studying outside the UK, for more details about your specific country entry requirements, translated information, local contacts and programmes within your country, please have a look at our country pages.

How to apply

For further information about this course please contact the Programme Administrator: rec-creif@brookes.ac.uk

Terms and Conditions of Enrolment

When you accept our offer, you agree to the Terms and Conditions of Enrolment. You should therefore read those conditions before accepting the offer.

How this course helps you develop

This programme has been designed for real estate professionals across all sectors, as well as fund managers and investment bankers who would like to gain a better understanding of real estate as a financial asset in an investment portfolio.

The MSc REIF is accredited by the Royal Institution of Chartered Surveyors (RICS), so after the MSc, graduates are entitled to apply for RICS graduate pathway to membership.  

I now have a deeper understanding of concepts that are applied in day-to-day work. Furthermore, the course allows me to come up with certain out-of-box solutions in certain situations and to generate additional value for my clients.
Ivana Gazivoda Vucinic, REIF student

The course offers a balanced and detailed insight into real estate investment finance and will be a real advantage for me in my role as a Senior Relationship Manager having exposure to a wide range of clients and property portfolios.”
Mark Allen, REIF student

 

 

Free language courses for students - the Open Module

Free language courses are available to full-time undergraduate and postgraduate students on many of our courses, and can be taken as a credit on some courses.

Please note that the free language courses are not available if you are:

  • studying at a Brookes partner college
  • studying on any of our teacher education courses or postgraduate education courses.

How Brookes supports postgraduate students

Online Learning
The REIF programme makes extensive use of the Oxford Brookes Virtual Learning Environment (VLE) – not just as a repository for study material, but as a web-based environment where students can access workbooks to keep track of their learning, watch podcasts from their module leaders, undertake assessments and work collaboratively within virtual groups. Students also have the opportunity to discuss issues with Module Leaders via a range of media.

Importantly, students have the opportunity to attend Webinars throughout the programme, giving them the chance to experience lectures led by their module leaders, take part in presentations, as well as network and share work/study experiences with fellow students from across the world.

Access to a worldwide community
The programme provides an online community for students and module leaders to share knowledge and experience in real life situations. With access to discussion boards and chat rooms via the University’s Virtual Learning Environment (VLE), as well as designated groups set up especially for REIF students on platforms such as Facebook, LinkedIn and Whatsapp, students are able to socialise and network with fellow students from across the world. This is continued after students have completed the programme via the REIF Alumni Group.

Support from the REIF team
The REIF team are experienced in providing a high-standard of online learning resources specifically aimed at distance-learning students and provide dedicated support for REIF students throughout their programme.

Supporting your learning

From academic advisers and support co-ordinators to specialist subject librarians and other learning support staff, we want to ensure that you get the best out of your studies.

Personal support services

We want your time at Brookes to be as enjoyable and successful as possible. That's why we provide all the facilities you need to be relaxed, happy and healthy throughout your studies.

Research highlights

Members of the REIF Team: Peter Dent, Michael Patrick and Ye Xu, authored Real Estate Property Markets and Sustainable Behaviour’ for the Natural and Built Environment Series (Routledge 2012). 

Research areas and clusters

Many of our academic staff are involved in academic research and/or professional/commercial consultancy work. The Real Estate and Land Policy Group brings together expertise on a wide range of topics relating to the operation of land and property markets, real estate development and land and housing policy. A major part of our work is on the impact of land and housing markets/policy on broader development processes particularly for enhancing urban sustainability. This includes research themes which cover low carbon development, sustainable real estate, corporate social responsibility and urban equity. At the same time our research addresses broader market-based fundamentals such as valuation and emerging areas of research in real estate including behavioural finance. We have a strong track record of international comparative research including developing and transition economies while at the same time maintaining established areas of expertise on local and national topics.

Peter Dent - Programme Director responsible for the strategic direction of the REIF programme
His research interests include real estate valuation methodologies for both market and non-market property assets, behavioural studies, commercial office occupier needs and corporate real estate strategies. He is also working on a sponsored project examining the integration of climate change and the built environment into real estate programmes in the UK.  He has also been involved in research projects internationally on land markets and mass appraisal of real estate for taxation purposes.

Richard Grover - Module Leader for Real Estate Investment and Finance
Richard has undertaken a number of projects on the newly emerging private land markets in Eastern Europe, particularly in Bulgaria, Romania, and Russia. These have been undertaken for a variety of clients including the World Bank, and the governments of the United Kingdom, Romania, and the Russian Federation.

Professor Ramin Keivani - Module Leader for Applied Research Methods
Ramin has a wide range of interests in comparative urban research particularly the impact of globalisation on land markets and urban development in developing and transition economies. Other areas of his interest include urban competitiveness, urban regeneration, international land and housing policy and construction in developing countries.

Professor Keivani has managed several research projects including JRF, ESRC and RICS funded work and has published a number of book chapters and papers on globalisation and urban development as well as land markets and housing policy in leading international journals. He is also the founding and managing editor of International Journal of Urban Sustainable Development published by Taylor and Francis.

Michael Patrick - Module Leader for Real Estate Investment Market
Mike is a chartered surveyor with over 30 years’ experience in the real estate fund management industry in the UK and Canada and has an MBA from the Cranfield School of Management. Prior to joining Brookes he held roles with a number of major fund managers including Henderson, Legal & General, Morgan Grenfell and Grosvenor.

Dr Emma Wragg - Module Leader for Legal and Regulatory Considerations
Emma has research and teaching interests in urban land management, infrastructure and low income housing policies in countries in the Global South.

Dr Ye Xu - REIF Subject Coordinator and and Module Leader for Applied Real Estate Valuation
Ye is a Fellow of Royal Institution of Chartered Surveyors and her research areas are in property investment, decision theory, valuation and finance.