Real Estate

Prime brokerage grew from a need to process and control more efficiently the trades of institutions such as hedge funds, money managers, and investment advisers. These institutions are advised on different strategies and, to pay for this advice, they place trades through prime brokerage facilities. The commission charged for the trade pays for the research and other services provided. This tutorial explains prime brokerage and the benefits it provides to different institutions. The tutorial also discusses the prime brokerage trade process, the participants in the process, and the roles of these participants.

Webcast from September 2019. How automation is different for the built environment and what leading companies are doing around automation.

This program will provide you an introduction to the real estate sector and a foundation for other introductory real estate learning programs as thbecome available. This course replaces AF765, Business of Real Estate: Introduction.

The “Ktrends in Real Estate Funds is intended to provide our professionals with a timely and relevant trends deck on kdynamics, emerging themes and potential disruptors in the space.

This document is strictly meant for internal use within EY. It has not been SCORE-approved for use with clients or for use in any public forum or social media platform. If you wish to use this document or a part of it externally, you should consult and follow the SCORE approval process.

The “Ktrends in REITs” is intended to provide our professionals with a timely and relevant trends deck on kdynamics, emerging themes and potential disruptors in the space.

This document is strictly meant for internal use within EY. It has not been SCORE-approved for use with clients or for use in any public forum or social media platform. If you wish to use this document or a part of it externally, you should consult and follow the SCORE approval process.

This course lays out our guidelines and parameters for a great deal. Multifamily Real Estate Investing Strategist and Consultant, Gino Barbaro will help you get a strong understanding of cap rates and cash on cash returns, vital for beginning investors to learn about in order to correctly analyse a deal.

What formulas should you use? In this course, you will be able to analyse a deal faster and with higher accuracy using our Rules of Thumb.

What are some of our rules? •Cap Rates: What is a cap rate, and how will you best use them in your investment strategy?

•Cash on Cash Return: We will detail the return we strive for with our investments and help you define yours? (hint: 10%)

•Debt Coverage Ratio: What ratio will your bank look for when deciding whether to provide your business with financing?

•Management Fees: What are the going rates to manage your properties?

Once you learn the basic rules of thumb, you will become more confident in analyzing deals, going through the due diligence phase, and putting in offers that will land you deals. You will also learn how to manage your property more effectively.

In this course, you will learn about the fundamentals of real estate and how to distinguish between the residential and commercial real estate sectors (and subsectors). The characteristics of real estate as an asset class are discussed in detail, including a comparison with other asset classes. The tutorial also looks at the phenomenon of real estate cycles and the features of such cycles.

Prerequisite Knowledge Investment - An Introduction Tutorial Level: Introductory Tutorial Duration: 60 minutes NASBA CPE Credits: 1 Author: Patrick Pancoast Field of Study: Economics Creation Date: January 2, 2018 Expiry Date: January 2, 2020 Exam Expiry: You must take the tutorial exam within one year of starting the tutorial

In this course, you will learn about differentiating between direct and indirect investment in real estate, and outline the key dynamics of the residential and commercial sector. Further, there will be insights into the main considerations for investors looking to invest directly in physical properties. The tutorial then moves on to contrast direct investment in “bricks and mortar” to various methods of indirect investment, with particular emphasis on real estate investment trusts (REITs) which have become hugely popular in recent times.

Prerequisite Knowledge Real Estate – An Introduction Tutorial Level: Introductory Tutorial

Real estate is generally considered to be an alternative asset, complementary in a portfolio context given its low correlation with the stock, bond and money markets. Fund managers need to determine how much real estate to add to a portfolio and at what price. Here we learn about how investors can value real estate.

Prerequisite Knowledge Real Estate - Investing Tutorial Level: Introductory Tutorial Duration: 60 minutes NASBA CPE Credits: 1 Author: Patrick Pancoast Field of Study: Economics Creation Date: January 2, 2018 Expiry Date: January 2, 2020 Exam Expiry: You must take the tutorial exam within one year of starting the tutorial

What you will learn: The ability to build a functional, dynamic real estate financial model from scratch, A substantial increase in speed and efficiency in Microsoft Excel by learning powerful tools and functions, The skill set to model real estate transactions for multiple different asset types and solve for the most essential investment metrics evaluated by large institutions and private equity groups, and A mastery of the foundational analytical and financial modeling tools necessary to break into the real estate private equity industry and model complex commercial real estate transactions.

Prime brokerage grew from a need to process and control more efficiently the trades of institutions such as hedge funds, money managers, and investment advisers. These institutions are advised on different strategies and, to pay for this advice, they place trades through prime brokerage facilities. The commission charged for the trade pays for the research and other services provided. This tutorial explains prime brokerage and the benefits it provides to different institutions. The tutorial also discusses the prime brokerage trade process, the participants in the process, and the roles of these participants.

The selection of a prime broker by an institution is a critical and multifaceted decision. It is critical because institutions have different goals, finances, and structures, and they require different levels and types of service. This tutorial provides an overview of the relationship between an institution and the prime broker. It explains the importance placed on the timeliness and accuracy of trade execution and data recording, and elaborates on the various other needs of institutions (or their clients). Finally, the tutorial explains some of the ancillary services provided by a prime broker to its institutional clients.

In terms of the potential rewards, a firm's investment in developing its prime brokerage business can prove extremely worthwhile. Since the dawn of the millennium, the business of servicing hedge funds has matured significantly and now represents one of the most important divisions of many of the leading investment banks. Prime broking itself is not just highly profitable, but also offers a route to sell other services to hedge funds and other clients As explained in the tutorial 'Prime Brokerage - An Introduction', there are several reasons why a bank or broker/dealer might want to become a 'prime broker'. Among the reasons given were revenue enhancement and inventory supplementation. This tutorial explores the prime broker as it functions in a wider arena, and looks at the ancillary benefits derived from a prime brokerage operation.

Be able to speak intelligently about commercial real estate

Understand the key financial concepts for commercial real estate

Understand and apply key analysis techniques to commercial real estate

Understand the differences between the core asset classes

Understand the emerging trends that will shape the future of commercial real estate

A securities loan involves the temporary transfer of securities by one party, the lender, to another, the borrower. Securities lending is a global business that is important not only in its own right, but also provides liquidity and serves to improve the functioning of securities markets as a whole. This tutorial looks at the fundamental principles of securities lending, including the parties involved in a securities loan, the actual lending process, and any associated risks. The history and development of the market is also discussed in detail.

This tutorial describes the fundamentals of real estate and distinguishes between the residential and commercial real estate sectors (and subsectors). The characteristics of real estate as an asset class are discussed in detail, including a comparison with other asset classes. The tutorial also looks at the phenomenon of real estate cycles and the features of such cycles.