Real Estate Foundations

Asset Classes and Demand Drivers

How residential, retail, office, industrial, and hospitality assets behave, and the demand drivers behind each.

Foundation
7 modules 31 lessons 4 exercises 1 case study
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The promise

Explain what drives demand for each asset class, measure it, and turn the answer into an allocation recommendation.

By the end you can

  • Distinguish the major asset classes and their economics
  • Underwrite operational assets, where the business replaces the lease
  • Build a demand model from demography, income, infrastructure and policy
  • Compare classes on a like-for-like basis and read cycle position by class
  • Write an allocation recommendation a client can act on

Where this course takes you

This course is part of 2 role tracks, each ending in a professional deliverable.

Curriculum

01

The Logic of Asset Classes

Why real estate asset classes behave differently, how use value diverges from investment value, and where each class sits on the risk spectrum.

What Is an Asset Class, and Why It MattersReading
Use Value versus Investment ValueReading
Income Assets versus Capital-Growth AssetsReading
The Risk Spectrum Across ClassesReading
Classifying a Real AssetExercise
The Logic of Asset Classes: CheckQuiz · pass 70%
02

Residential and Living Sectors

Demand drivers behind homes and living sectors, the primary/secondary market split, and modern formats from off-plan to build-to-rent and branded residences.

What Drives Residential DemandReading
Primary versus Secondary MarketsReading
Off-Plan and Payment PlansReading
Build-to-Rent and Branded ResidencesReading
Affordability and the Tenure DecisionReading
Residential and Living Sectors QuizQuiz · pass 70%
03

Commercial Income Assets

How office and retail income assets earn their rent, why the lease and covenant strength are the real product, and what drives demand in each sector.

Office: White-Collar Employment and Grade AReading
Retail: Catchment, Tenant Mix and FootfallReading
The Value of a Lease and Covenant StrengthReading
Reading a Commercial Investment: A Worked CaseCase study
Obsolescence and the Flight to QualityReading
Commercial Income Assets: CheckQuiz · pass 70%
04

Industrial, Hospitality, Land and Mixed-Use

Logistics and last-mile demand, hospitality performance metrics, land and highest-and-best-use, and the logic behind mixed-use schemes.

Industrial and Logistics: The Last-Mile EngineReading
Hospitality: Occupancy, ADR and RevPARReading
Land and Highest-and-Best-UseReading
The Logic of Mixed-UseReading
Industrial, Hospitality, Land and Mixed-Use QuizQuiz · pass 70%
05

Operational and Alternative Sectors

Student housing, senior living, self-storage, healthcare and the operational assets that sit between property and business — why they price differently, and what an analyst has to underwrite that a lease would otherwise have covered.

What Makes an Asset OperationalReading
Student Housing and Senior LivingReading
Self-Storage, Healthcare and Car ParksReading
Underwriting an Operational AssetExercise
Operational Sectors: CheckQuiz · pass 70%
06

Demand Drivers and How to Measure Them

The four forces that generate real estate demand — demography, employment and income, infrastructure, and policy — and how to turn each one into a number you can defend rather than an adjective in a report.

Demography and Household FormationReading
Employment, Income and AffordabilityReading
Infrastructure, Accessibility and PolicyReading
Building a Demand ModelExercise
Demand Drivers: CheckQuiz · pass 70%
07

Comparing Classes and Building a Portfolio View

How to compare asset classes on a like-for-like basis, why they do not all move together, how cycle position differs by class, and how to turn all of it into an allocation recommendation a client can act on.

Comparing Classes on a Like-for-Like BasisReading
Why Classes Do Not Move TogetherReading
Cycle Position Differs by ClassReading
Writing an Allocation RecommendationExercise
Comparison and Portfolio: CheckQuiz · pass 70%

Course assessment

Asset Classes and Demand Drivers — AssessmentPass 70%

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