Browse CFA Level 1

Chapter 13: Advanced Real Estate and Infrastructure Analysis

In this section

  • Green Buildings, Sustainability, and Impact Investing
    An in-depth exploration of green building certifications, lifecycle cost analysis, sustainable materials, and the growing impact of ESG-driven real estate investing.
  • Risk Mitigation in Capital-Intensive Projects: Strategies for Real Estate and Infrastructure
    A comprehensive exploration of effective methods, contract structures, and contingency planning to manage risks in high-value real estate and infrastructure developments.
  • Debt Financing, Project Finance, and Securitization
    Explore the core structures and documents of project finance, the layers of the capital stack, and how securitization techniques reshape real estate and infrastructure funding options.
  • Macroeconomic Factors Affecting Real Asset Pricing
    Explore how interest rates, inflation, GDP growth, currency fluctuations, and central bank policies shape real asset pricing in real estate and infrastructure investments.
  • Public-Private Partnerships and Concession Agreements
    Public-Private Partnerships (PPPs) and Concession Agreements are essential structures in modern infrastructure financing. Dive deep into how governments and private investors partner to build and manage highways, airports, and more, while balancing risk and reward. This section explores contract structures, political considerations, performance metrics, and future trends—vital knowledge for CFA® candidates focusing on advanced real estate and infrastructure analysis.
  • Renovation, Retrofit, and Adaptive Reuse Strategies
    Explore how renovation, retrofit, and adaptive reuse strategies can unlock value in aging properties, manage functional obsolescence, and capture market opportunities. Learn best practices, budgeting insights, environmental considerations, and government incentives for upgrading real estate assets.
  • Zoning, Permitting, and Government Incentives
    Explore how zoning laws, permitting processes, and government incentives shape real estate and infrastructure projects, with practical examples, diagrams, and exam-focused insights.
  • Technology Adoption in Real Estate Management
    Explore how emerging technologies—like proptech, IoT sensors, AI data analytics, and blockchain—are reshaping real estate management, enhancing efficiency and sustainability across the sector.
  • Specialized Real Estate Sectors (Healthcare, Hospitality)
    Explore specialized real estate investments in healthcare and hospitality, focusing on unique operating models, valuation dynamics, and key performance metrics.
  • Data Infrastructure and Telecom Assets
    Explore the growing importance of data centers, fiber networks, and telecom infrastructure in modern investment portfolios, with practical insights on revenue drivers, lease structures, resilience measures, and risk assessments.
  • Community Development Projects and Government Grants
    Explore how community development projects revitalize underserved neighborhoods through government grants, subsidies, and philanthropic partnerships while balancing social impact and financial returns.
  • Rate-Setting Mechanisms for Regulated Utilities
    A comprehensive exploration of how utilities set rates under cost-of-service and performance-based frameworks, including decoupling and the impact of emerging technologies.
  • Infrastructure Funds and Long-Term Capital Providers
    Explore the structures, capital sources, and operational considerations of infrastructure funds, focusing on open-end vs. closed-end designs, pension funds, sovereign wealth funds, and insurance companies, along with key considerations for due diligence, co-investments, secondary markets, and governance.
  • Securitization of Infrastructure Cash Flows
    Learn how infrastructure cash flows (like tolls, airport fees, pipeline revenues) can be packaged and sold to investors, improving liquidity and risk management in capital markets.
  • Distressed Real Estate and Workouts
    Distressed Real Estate and Workouts: Approaches for identifying, restructuring, and turning around underperforming properties.
  • Measuring Social and Economic Impact
    Measuring social and economic impact in real estate and infrastructure, focusing on advanced techniques to evaluate community engagement, job creation, and economic development metrics.
Wednesday, April 9, 2025 Monday, January 1, 1

Important Notice: FinancialAnalystGuide.com provides supplemental CFA study materials, including mock exams, sample exam questions, and other practice resources to aid your exam preparation. These resources are not affiliated with or endorsed by the CFA Institute. CFA® and Chartered Financial Analyst® are registered trademarks owned exclusively by CFA Institute. Our content is independent, and we do not guarantee exam success. CFA Institute does not endorse, promote, or warrant the accuracy or quality of our products.