Real Estate Project Finance, Funds and REITs (AF-051) Training Course

Real Estate Project Finance, Funds and REITs

Access to capital decides which real estate projects go ahead and on what terms. Developers and investors need to understand the full range of funding options, from bank…

5 daysClassroom or online

13Upcoming dates

6Cities

£2,250Fees from

Course overview

Why Attend

Access to capital decides which real estate projects go ahead and on what terms. Developers and investors need to understand the full range of funding options, from bank loans and project finance to joint ventures, private funds and real estate investment trusts.

This course explains how real estate projects and portfolios are financed, how lenders and investors assess them, and how funds and REITs are structured and evaluated. Participants learn to choose a suitable funding structure and to prepare a convincing case for financiers.

Course Objectives

Compare the main sources of debt and equity for real estate

Understand how lenders assess development and investment loans

Structure project finance, joint ventures and mezzanine funding

Explain how real estate funds and REITs are structured and regulated

Evaluate funds and REITs using key financial measures

Prepare a financing proposal for a real estate project

Target Audience

Finance and investment managers in real estate companies

Developers and development finance managers

Bankers and credit analysts in real estate lending

Fund, family office and wealth management professionals

Treasury and corporate finance staff

Course Methodology

Expert briefings on real estate capital markets

Worked examples of financing structures

Case studies of funded projects, funds and REITs

Group exercise to structure a project financing

Presentation of financing proposals

Course outline

1Day 1: The Real Estate Capital Stack
- Debt and equity in real estate
- Senior debt, mezzanine and preferred equity
- Cost of capital and investor expectations
- Islamic and alternative financing structures
- Matching funding to project risk
2Day 2: Development and Investment Lending
- How lenders assess real estate loans
- Loan-to-value, loan-to-cost and interest cover
- Covenants, security and guarantees
- Drawdowns and monitoring during construction
- Refinancing and exit
3Day 3: Project Finance and Joint Ventures
- Project finance principles for real estate
- Joint venture structures and waterfalls
- Aligning developer and investor interests
- Off-plan sales as a funding source
- Exercise: structuring a project financing
4Day 4: Real Estate Funds and REITs
- Private real estate funds and their structures
- REITs: structure, regulation and distribution rules
- Key measures: NAV, FFO, dividend yield and gearing
- Listed versus unlisted real estate
- Evaluating a fund or REIT
5Day 5: Preparing the Financing Case
- What financiers look for
- The financing proposal and information memorandum
- Negotiating terms with lenders and investors
- Group presentations of financing proposals
- Personal action plan

Schedule

Dates and fees

13 upcoming dates in 6 cities. Fees are per delegate; bring colleagues and every seat is discounted. Every date can also be joined live online for £1,280.

All dates as PDF

December 2026

21DEC 21 - 25 Dec 2026Mon to Fri · 5 daysNext session

Kuala LumpurMalaysia · Classroom

£2,250per delegate2+ people: £1,800 each

January 2027

18JAN 18 - 22 Jan 2027Mon to Fri · 5 days

DubaiUnited Arab Emirates · Classroom

£5,250per delegate2+ people: £4,200 each

February 2027

15FEB 15 - 19 Feb 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£2,850per delegate2+ people: £2,280 each

March 2027

15MAR 15 - 19 Mar 2027Mon to Fri · 5 days

RomeItaly · Classroom

£4,250per delegate2+ people: £3,400 each

April 2027

19APR 19 - 23 Apr 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£2,850per delegate2+ people: £2,280 each

May 2027

17MAY 17 - 21 May 2027Mon to Fri · 5 days

ViennaAustria · Classroom

£4,250per delegate2+ people: £3,400 each

June 2027

21JUN 21 - 25 Jun 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

July 2027

19JUL 19 - 23 Jul 2027Mon to Fri · 5 days

RomeItaly · Classroom

£4,250per delegate2+ people: £3,400 each

August 2027

16AUG 16 - 20 Aug 2027Mon to Fri · 5 days

Kuala LumpurMalaysia · Classroom

£2,250per delegate2+ people: £1,800 each

September 2027

20SEP 20 - 24 Sep 2027Mon to Fri · 5 days

DubaiUnited Arab Emirates · Classroom

£5,250per delegate2+ people: £4,200 each

October 2027

18OCT 18 - 22 Oct 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£2,850per delegate2+ people: £2,280 each

November 2027

15NOV 15 - 19 Nov 2027Mon to Fri · 5 days

RomeItaly · Classroom

£4,250per delegate2+ people: £3,400 each

December 2027

20DEC 20 - 24 Dec 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£2,850per delegate2+ people: £2,280 each

Live online, on the same dates

Join the class in real time from your office or home: live sessions with the trainer, group discussion, course materials and a certificate of completion. Joining details are emailed before the course starts.

December 2026

21DEC 21 - 25 Dec 2026Mon to Fri · 5 daysNext session

Live onlineVirtual classroom · join from anywhere