REIF - Intermediate: Governance and Control of Real Estate Investment Products

After completing this course, the learner will be able to:

• Understand how governing bodies and different service providers practically contribute to governance and control of real estate investment products
• Looking at operating models/roles
• Discuss how these actors help manage risk and compliance

• Introduction
• Understand how the governing bodies and the different service providers practically contribute to governance and control of real estate investment products.
• Consider a typical operating model and the roles and responsibilities of various parties and discuss how these actors help manage risk and compliance
• Case study: Fraud over cash flow in investment structure (misdirection of cash)
• The Board of the AIF, the Auditor and the Regulator
• The AIFM - Portfolio management, the Asset Manager & the Property Manager
• Case study: Tenant Bankruptcy, Breach in LTVs / DSCR loan covenants
• The AIFM - Risk management & Compliance
• The Depositary
• Case study: A disruptive market event such as the GFC, leading to valuation, NAV and liquidity issues
• The Valuation Function
• The Administrator, Accounting Agent, Transfer Agent and Financial Controller