REST0004: Property Finance & Investment [1] Assignment 1 – 2024
\nAssignment 1
\nDue Date: Friday 15th MARCH 2024
\nIndividual assignment Assignment assessment weighting: 40%
\nAssignment Topic
\nYou have recently commenced a new role as Head of Acquisitions at a large institutional property fund manager (the \u201cFund\u201d). Your CEO has decided that your immediate task is to make a significant real estate acquisition.
\nThe acquisition is to meet the Fund\u2019s investment objectives broadly:
\nThe CE and the Board of Directors will review and approve any acquisition.
\nYou are required to prepare a submission for the Board and CEO\u2019s approval, outlining the acquisition and the Fund\u2019s objectives.
\nREST0004
\nProperty Investment and Finance
\nTerm 1 2024
\na) Property acquisition can be an existing income producing asset.
\nb) The Fund can invest into the major property sectors being office, retail, industrial, residential \/ multi-family and industrial.
\nc) Maximum purchase price of $500M
\nd) The Fund itself has some equity funding, but underlying asset finance might be required.
\ne) Geographic restriction is to the major cities of the east coast of Australia.
\nf) Investment time frame of 5 years is to be assumed
\ng) Income producing assets are to generate a total return (IRR) of 7% p.a.
\nh) Asset quality is important for the Fund \u2013 commercial properties should be a minimum quality including NABERs, Green Star and A-Grade. Sustainability credentials should be considered as part of the acquisition.
\nREST0004: Property Finance & Investment [2] Assignment 1 – 2024
\nAssignment Type: Market Report
\nContent
\nYour Report needs to discuss and evaluate the following:
\na) Property Characteristics
\nThe underlying property acquisition must be consistent with the Fund\u2019s objectives below. You must clearly articulate the type of property being acquired, i.e., an income-producing property.
\nIt would be best if you highlighted the key characteristics of the property, including
\n– Location
\n– Asset type
\n– Lease and tenancy profile (if applicable)
\n– Purchase price and acquisition costs
\n– Condition and age of property
\n– Anticipated returns and risks
\nb) Property Market
\nDiscuss the performance of the real estate market in the last 7-10 years. You must compare and contrast investment returns across the core property sector markets of retail, office, industrial and residential. You should highlight key drivers of investment performance.
\nYou should give a description\/analysis of the property market. This would include items such as vacancy rates and demand, rental and incentives and investment activity and yields.
\nc) Outlook of the selected market
\nYou must undertake a further assessment of the selected market being acquired and your expectations of the future performance of that specific market. You will need to discuss how and why you intend to invest in this sector and highlight the key risks, mitigants and likely returns.
\nd) Conclusions and Recommendations
\nYour recommendations in terms of this sector, this investment and how this investment would have an impact on the Fund should also be provided.
\nYou are not expected to explain how to finance this strategy in this Assessment. You do not need to address any tax implications.
\nSubmission requirements
\n\u2022 Your paper should be set out in an easy-to-read, conversational style.
\n\u2022 You may use headings, bullet points, tables or charts to highlight points.
\nREST0004: Property Finance & Investment [3] Assignment 1 – 2024
\n\u2022 Sources should be referenced as per UNSW standards.
\n\u2022 The written assignment is on a Microsoft Word Document and submitted via the appropriate Turnitin link on Moodle.
\n\u2022 Use Harvard referencing and citations\u2014minimum of 5 references in this submission.
\n\u2022 The maximum word limit is 3, 000 words excluding tables, graphs, appendices.
\n\u2022 A cover page has been provided (see following).
\n\u2022 Assignments that do not include the standard university plagiarism declaration will not be marked until this is supplied.
\nSubmission Due Date
\n\u2022 (Market Report): Due date: Friday, 15th March 2024, 11:30pm
\n\u2022 Please submit your assignment electronically via the course’s Moodle platform (Turnitin). Other forms of submission or submission records, for example, via email or WhatsApp, are NOT acceptable.
\n\u2022 Late submission: 10 out of 100% per day late (including Saturday and Sunday)
\n\u2022 Deadline for absolute fail: by the due dates (after which the assignment will not be assessed)
\n\u2022 Extensions for submission: Any extensions must be requested in writing to the lecturer via email before the due date, with a valid reason and a medical certificate or other supporting documents.
\nREST0004: Property Finance & Investment [4] Assignment 1 – 2024
\nThe University of New South Wales
\nSchool of the Built Environment
\nREST0004 T1 2024 – Property Finance & Investment ASSIGNMENT 1 COVERSHEET
\nDUE DATE: FRIDAY 15th MARCH 2024
\nSTUDENT CHECK LIST (please tick)
\n\uf06f Coversheet
\n\uf06f plagiarism declaration
\n\uf06f Discussion paper (Arial, Times New Roman or Verdana fonts only)
\nSTUDENT NAME AND NUMBER:
\nItem
\nMark
\nValue
\nProperty Characteristics
\n10%
\nProperty Market
\n30%
\nOutlook of the Market
\n10%
\nConclusions and Recommendations
\n10%
\nPaper presentation and style
\n10%
\nUse of literature and referencing in the report
\n10%
\nUse of tables, charts or data to support points
\n10%
\nReport structure
\n10%
\nTOTAL MARK
\n\/100%
\nMarker\u2019s Comments:
\nREST0004: Property Finance & Investment [5] Assignment 1 – 2024<\/p>\n","protected":false},"excerpt":{"rendered":"