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Real Estate Investment Finance

MSc, PGDip

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

School of the Built Environment

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 Network Seminars which offer students face-to-face contact, input from experts in the field and opportunities to network, share work and study experiences. 

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

Available start dates

April 2017 / June 2017 / September 2017 / January 2018 / April 2018 / June 2018 / September 2018

Teaching location

Distance learning

Course length

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

UCAS Postgraduate code

52300

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 MSc or PG Diploma at any point. 
  • Learning is supported via a series of online webinars, videos and audio recordings.
  • Each module is organised around six learning packages allowing students to work at their own pace and keep track of their learning.
  • Network Seminars offer students face-to-face contact, input from experts in the field and opportunities to network, share work and study experiences. 
  • The REIF programme is practically based and offers the opportunity to share knowledge and experience in real life situations.

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 1 year, or spread out to a maximum of 2 years. The MSc can be completed within a minimum period of 18 months, or extended to a maximum period of 5 years.

The programme consists of 4 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, workbooks, problem-solving, analysis and report writing. Course work, assessment and feedback take place throughout each module and reflect the practical nature of the REIF programme.

Network seminars

You will have the opportunity to attend Network Seminars throughout the programme, either physically or virtually. These will be locally based and will build on the practical approach of the programmes by incorporating sessions given by local practitioners. You are strongly encouraged to attend to benefit from the opportunities they offer: sharing work and study experiences, building professional networks and taking part in case-study presentations led by expert local practitioners. Recordings of the Network Seminars are made available to all as part of each module.

Attendance pattern

Online distance learning.

Tuition fees

Home/EU - distance learning fee: 2016/17: Masters £7,500 (18 months) Diploma £5,000 (12 months) 2017/18: Masters £7,665 (18 months) Diploma £5,110 (12 months)

International - distance learning fee : 2016/17: Masters £7,500 (18 months) Diploma £5,000 (12 months) 2017/18: Masters £7,665 (18 months) Diploma £5,110 (12 months)

Payment of Tuition - 2016/17: Masters students pay £5,000 in the first year then £2,500 in the second 2017/18: Masters students pay £5,100 in the first year & £2,550 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

First class or 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, unless attending the Network Seminars in person, for which a visa will be required.

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

You apply for this course through UCAS Postgraduate.

Through UCAS Postgraduate, you should use the UKPASS portal to make your application, which will then be forwarded directly to our Admissions Office. You should send supporting documentation to us directly using the email addresses on the UKPASS application form.

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

Conditions of acceptance

When you accept our offer, you agree to the conditions of acceptance. You should therefore read those conditions before accepting the offer.

How this course helps you develop

The programme provides an online community for students and module leaders to share knowledge and experience in real life situations. This is continued after you have completed the programme via the REIF Alumni Group on LinkedIn. 

In addition, after the PG Diploma course, graduates would have the opportunity to take a four months training programme, Oxford Adapt, to become a chartered surveyor.  

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.  

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

The REIF programme makes extensive use of the Oxford Brookes VLE (Moodle) – not just as a repository for study material, but as a web-based environment where you can access workbooks to keep track of your learning, undertake assessments and work collaboratively within virtual groups. You will also have the opportunity to discuss issues with the Module Leaders via a range of media (telephone, email, Skype and discussion boards). You will have the opportunity to attend Network Seminars throughout the programme. These will be locally based and will build on the practical approach of the programme by incorporating sessions given by local practitioners. You will be strongly encouraged to attend (either physically or virtually) to benefit from the opportunities they offer: sharing work and study experiences; building professional networks and taking part in case-study presentations led by expert local practitioners. Recordings of the Network Seminars are made available as part of each module.

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.