Real Estate Investment & Asset Management
Asset Management & Value Creation
Run an income-producing asset the way an owner needs it run: an evidenced business plan, the income and cost levers that actually move NOI, leasing and repositioning decisions tested against the alternative of doing nothing, the loan that constrains what the plan may attempt, performance reporting an owner can act on, and how to manage when conditions turn against you.
The promise
Turn an investment thesis into a live asset business plan — the levers that actually move NOI, decisions tested against doing nothing, the loan that constrains the plan, and management when conditions turn.
By the end you can
- Build an evidenced asset business plan and an NOI bridge that can be tested line by line
- Separate value created from value transferred and value borrowed
- Appraise repositioning, change of use and ESG capex against the cost of doing nothing
- Forecast and manage the covenant position, and prepare a refinancing years ahead
- Re-forecast honestly, triage a portfolio and report a deteriorating position to an owner
Where this course takes you
This course is part of 2 role tracks, each ending in a professional deliverable.
You'll produce: An investment committee memo — underwriting, a valuation cross-check, due-diligence findings, financing, and a clear recommendation.
You'll produce: A business plan for an asset — value-creation levers, leasing strategy, capex, ESG, and a hold / sell view.
Curriculum
The Asset Manager's Mandate
Translate the owner's objectives into a business plan and learn to read an asset through its rent roll, WAULT and lease events.
Driving NOI - Income
Grow the income line: leasing and rent reviews, arrears, recoveries and other income, and building an NOI bridge from last year to plan.
Driving NOI - Cost & Operations
Protect the income line by managing opex and service charge, procurement and contracts, and operational efficiency and benchmarking.
Leasing, Repositioning & ESG
Decide between retention and re-letting, appraise capex for refurbishment or repositioning, and understand ESG and the green premium / brown discount.
Performance, Reporting & Hold/Sell
Report asset KPIs to owners, connect the business plan to valuation, and make the hold-vs-sell decision.
Debt, Covenants and Refinancing
Most assets are financed, and the loan shapes what the business plan may attempt. Managing the covenant position, treating refinancing as a value event, and knowing what a lender can and cannot do when the plan slips.
Managing Through a Downturn
What changes when the business plan stops working: reading tenant distress early, re-forecasting honestly, triaging a portfolio when attention is the scarce resource, and holding the owner relationship together while the numbers are bad.
Course assessment
Sign in to open lessons and track your progress.
The capstone project
This course ends in a real professional deliverable. Use the brief and the five criteria below to check your own work against the standard a competent professional would be held to.
Your final deliverable
Asset Management Plan Capstone
Check your work against five criteria
- Method & rigour: The right framework, applied correctly, with the working shown — not just an answer.
- Data honesty: Every figure is sourced, triangulated, or explicitly flagged “requires local market data”. Nothing is invented.
- Analysis & judgment: Assumptions are explicit, at least one alternative is weighed, and the key risks are quantified.
- Recommendation: A clear, decision-useful conclusion a professional could act on — with the conditions that qualify it.
- Communication: Structured, concise, and client-ready — the argument lands.
When it's ready
Your deliverable is ready when it meets the bar on all five criteria — work a competent professional could put in front of a client or committee.
Revising your work
The capstone is self-directed: you check your own work against the rubric. Where a criterion isn't met yet, revise that part and check it again — as many times as you need.
More in this academy
Investment Analysis Essentials
Analyse a real estate investment the way an investment committee will read it: the two engines of return, cash flows and cap rates, NPV, IRR and the equity multiple, debt and leverage, defensible underwriting and scenario analysis in emerging markets, and the exit and hold decisions that drive most of the answer. Ends with a recommendation you can defend — including the decision to decline — and an applied toolkit of memo, model, calculator and scenario templates.
Real Estate Due Diligence
How to investigate a real estate acquisition before you commit. This course teaches the due diligence framework and red-flag thinking, how to scope and sequence an investigation under a real timetable, and the workstreams that decide the answer — legal and title, financial and commercial including the covenant behind the income, technical and physical including statutory and fire safety compliance, and the entity, counterparty and tax questions that arise when you buy a company rather than a building. It ends with how findings become conditions, price chips, indemnities or a walk-away, how advisers are instructed and relied on, and what happens after the report. Built for emerging-market realism, where title and registration risk is acute and thin data makes physical and commercial verification decisive.
Capital Markets, Debt & REITs
How real estate is actually financed and how capital reaches it: the capital stack and what each layer buys, senior debt and what the documents really control, equity structures and waterfalls, REITs and the debt capital markets, structured capital between senior and equity, portfolio construction and allocation, and raising capital across a cycle.