This six-week course focuses on design and implementation of strategies for the management of portfolios of private-market real estate investments. Topics include devising alpha strategies, approaches to diversification, creating investment plans to achieve different risk profiles (core, value-add, opportunistic), performance measurement and analysis, etc. Class sessions will be made up of lectures, guest speakers and student presentations. There will be a final case project, to be done in groups, due after class sessions have ended. Grading will be based on class participation and written assignments. Although not a prerequisite, B8399-005 Real Estate Capital Markets is highly recommended. Students who have not taken Real Estate Capital Markets may need additional preparation prior to or in conjunction with the class.
Michael Giliberto was a Columbia Business School faculty member from 2007 to 2016.