The Cluster Real Estate and Capital Markets focuses on analysis, optimization and
management of investments at international Real Estate and Capital Markets. Besides the investigation of functional and strategical aspects this also contains the securitisation of real estate loans and real estate investments, the quantification of yield and risk on real estate and securities markets as well as models within the context of asset allocation.
Specific research topics/projects in this cluster are for instance:
- Empirical analysis of Real Estate and Capital Markets
- Models for the quantification of credit risk and credit portfolio management
- Real Estate and Capital Market cycles
- Different forms of securitization of real estate investments
- The role of real estate in a mixed-asset-portfolio
- Construction of real estate indices
- Reverse-mortgages
Professors Sebastian (spokesman of the cluster), Hamerle, Schäfers and Schulte – and their teams – are particularly involved in this cluster, they all have published numerous articles on the above subjects in both national and international journals.
The following lectures belong in this cluster:
- Empirical Capital Market Research and Portfolio Management
- Credit Risk Management
- Real Estate Banking
- Real Estate Finance
- Real Estate Investment
The participants in the cluster are working with practitioners in cooperations and in the fields of consulting and education, including:
- Development and validation of a rating procedure for real estate financing in
cooperation with the Federal Association of German Banks (BdB) - Cooperation with the Centre for European Economic Research (ZEW), Mannheim, in the project „Real Estate and Capital Markets“ of the Leibniz Association
- Cooperation with the European Public Real Estate Association (EPRA), Amsterdam
- Cooperation with the German Financial Analysis and Asset Management Association (DVFA)
- Reports on real estate evaluation of a DAX-company
