Prof. Dr. Steffen Sebastian

The Chair of Real Estate Finance focuses on real estate as an asset class for private and institutional investors. Along with direct investments, we especially examine indirect investments, such as open-end real estate funds, property companies or REITs. Other areas of research and education at the chair are the financing of real estate investments and its securitization.

Research topics

• Real estate as an asset class
• Financing of real estate investments
• Design of mutual funds
• Performance measurement / real estate indices
• Real estate securitization: Open- and closed-end real estate funds; REITs and property companies; Mortgage backed securities

Teaching goals

In coordination with the other chairs at the Department of Real Estate, the Chair of Real Estate Finance specializes on finance related topics. Students will obtain quantitative methods and theories in real estate finance that will provide a solid base for real estate specialists working in the financial sector.

Short biography

Steffen Sebastian is Professor of Real Estate Finance at the IRE|BS International Real Estate Business School and director at the Center for Finance University of Regensburg, Germany. Furthermore, he is a research associate of the Centre for European Economic Research (ZEW), Mannheim.

He holds a graduate diploma in Business Administration from the University of Mannheim (Germany) and from ESSEC (France). He also holds a Doctor degree from the University of Mannheim (Germany) and a Habilitation degree from Goethe-University, Frankfurt (Germany).

His research focuses are, among indirect real estate investments, real estate indices, real estate derivatives and asset allocation. He has contributed to a number of academic journals and is a member of the editorial board of European Journal of Real Estate Research and the German Journal of Property Research.