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REITs & Real Estate Funds Governance Training Course

Focuses on governance and accountability of listed and private property funds, not investment analysis alone: boards, conflicts, valuation, and disclosure.

RAF · Real Estate Asset Management & FinanceAll Levels#3113ClassroomEnglish , Arabic
Duration
5 Days
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Free substitution at any time · 30+ days' notice: full refund minus 10%. Cancellation policy

Course Overview

The REITs & Real Estate Funds Governance Training Course equips fund board members, fund managers, compliance officers, trustees, and regulators with the governance knowledge needed to oversee listed and private real estate funds responsibly. Its focus is accountability: who decides, who checks, who is told, and how investors are protected. Investment analysis appears only where it informs oversight, so the course differs from programs that teach participants how to select or price real estate deals. Across the Gulf and Africa, real estate investment trusts and private funds are drawing wider investor participation, and with it higher expectations of transparency. The course starts with the fund structure and the parties around it. Participants examine the roles of the fund manager, the board or investment committee, independent members, the custodian or trustee, the valuer, the auditor, and the property manager. They compare listed REITs with unlisted and private funds, and review constitutional documents, investment mandates, and the limits they impose. Regulators' approval and supervision of funds are treated as a governance topic so that boards know what they must oversee, while the rules of each jurisdiction remain to be confirmed locally. The core of the program addresses the points where interests can diverge. Participants work through related-party transactions, property acquisitions from sponsors, management and performance fees, leverage limits, distribution policy, and conflicts of interest. They review valuation governance using the International Valuation Standards, IAS 40 reporting, net asset value oversight, and the control of data reaching the board. IOSCO principles for collective investment schemes, and the INREV Guidelines for non-listed vehicles, are used as reference points, and Shariah supervision is discussed as a governance function for Islamic funds. Investor protection and transparency complete the scope, including disclosure, investor meetings, voting, complaints, risk reporting, sustainability information, and crisis communication. The course is delivered through fund case studies, board simulations, related-party decision exercises, and a final governance workshop. Participants leave with a governance map, a conflicts register, a related-party approval procedure, a board reporting pack outline, and a fund governance improvement plan they can adapt to their own organizations.

Learning Objectives

  • Map the governance roles of fund managers, boards, committees, custodians, valuers, and auditors.
  • Compare the governance features of listed REITs and of unlisted and private real estate funds.
  • Interpret constitutional documents and investment mandates as tools of accountability.
  • Assess board independence, composition, committee design, and the quality of challenge.
  • Identify and manage conflicts of interest between sponsors, managers, and investors.
  • Design approval procedures for related-party transactions and sponsor acquisitions.
  • Review management and performance fee structures from an investor protection perspective.
  • Oversee valuation processes and net asset value calculations with suitable independence.
  • Monitor leverage, liquidity, and distribution policy within mandate limits.
  • Evaluate disclosure, investor reporting, and meeting practices for transparency.
  • Strengthen compliance, internal audit, and risk reporting to the fund's governing body.
  • Examine how sustainability information and risk data reach the board and investors reliably.
  • Prepare crisis communication and escalation arrangements for valuation, liquidity, or conduct events.

Who Should Attend

This course is designed for fund board and investment committee members, independent directors, fund managers, heads of real estate funds, compliance officers, company secretaries, and internal auditors in REITs and real estate funds. It is equally relevant for trustees and custodians, risk officers, valuation oversight staff, investor relations managers, and Shariah governance officers supporting real estate funds. Professionals in capital market authorities, real estate regulators, sovereign and pension investors, endowments, asset management firms, and sponsor developers across the Gulf and Africa will find the course directly applicable. It is particularly valuable for sponsors planning to establish or list a fund, for institutional investors who want sharper questions for the managers of their funds, and for supervisors developing oversight frameworks for this sector.

Learning Outcomes

  • By the end of this course, participants will be able to:
  • Map governance roles and accountabilities in a real estate fund, from sponsor to auditor.
  • Distinguish governance features of listed and unlisted funds.
  • Read constitutional documents and mandates as accountability tools.
  • Assess board independence and the quality of oversight the board provides.
  • Maintain a conflicts register and apply clear decision rules.
  • Apply a sound procedure for related-party transactions.
  • Review fees from the standpoint of investor protection.
  • Oversee valuation and net asset value processes with independence.
  • Monitor leverage, liquidity, and distributions against mandate limits.
  • Improve disclosure and investor reporting for greater transparency and investor confidence.
  • Prepare a practical fund governance improvement plan with owners and priorities.
  • Plan escalation and communication for a governance or valuation crisis.

Course Outline

Course Outline:

Day 1

Fund Structures and Governance Roles

  • Listed REITs, unlisted funds, and private vehicles: why governance differs
  • Roles of sponsor, manager, board, custodian or trustee, valuer, and auditor
  • Constitutional documents, investment mandates, and regulators' oversight as a governance topic
  • Sponsor influence, the life cycle of a fund, and where governance failures usually begin
  • Investor types and what each expects from the governance of a fund
  • Practical application: participants map governance roles and gaps for a sample fund
Day 2

Boards, Committees, and Oversight

  • Board composition, independence, and investment committee design
  • Board information, challenge, minutes, and evaluation of performance
  • Shariah supervision as a governance function in Islamic funds
  • The duties of independent members and how they exercise challenge in practice
  • Committee charters, delegations to the manager, and matters reserved for the board
  • Practical application: participants hold a simulated board review of a management proposal
Day 3

Conflicts, Related Parties, and Fees

  • Conflicts of interest between sponsors, managers, and investors
  • Related-party transactions, sponsor acquisitions, and approval procedures
  • Management and performance fees from an investor protection perspective
  • Conflicts registers, recusal rules, and the record of how a decision was reached
  • Allocation of opportunities between funds run by the same manager
  • Practical application: participants decide a contested related-party purchase and write the record
Day 4

Valuation, Leverage, and Distributions

  • Valuation governance using the International Valuation Standards and IAS 40 reporting
  • Oversight of net asset value, valuer rotation, and data reaching the board
  • Leverage, liquidity, distribution policy, and mandate limits
  • Board-level warning signs in lease income, tenant concentration, and asset condition
  • Practical application: participants challenge a valuation report and a proposed distribution
Day 5

Investor Protection, Disclosure, and Assurance

  • Disclosure, investor meetings, voting, and complaints handling
  • IOSCO principles and INREV guidelines as reference points
  • Compliance, internal audit, risk reporting, and crisis communication
  • Sustainability information, data reliability, and external assurance for investors
  • Final workshop: participants prepare a governance improvement plan for a real estate fund

Upcoming Dates

Selected date

Amsterdam · 21 – 25 Dec 2026 · Classroom

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CityDatesPrice per ParticipantEarly Bird
MakkahScheduled
2 – 6 Nov 2026€4,200—
ManamaScheduled
9 – 13 Nov 2026€4,700—
MuscatScheduled
16 – 20 Nov 2026€5,300—
OnlineScheduled
22 – 26 Nov 2026€1,700€1,530until 2 Nov
ParisScheduled
23 – 27 Nov 2026€5,700€5,130until 2 Nov
SingaporeScheduled
30 Nov – 4 Dec 2026€6,700€6,030until 9 Nov
Sharm El-SheikhScheduled
30 Nov – 4 Dec 2026€4,300€3,870until 9 Nov
AbujaScheduled
7 – 11 Dec 2026€5,100€4,590until 16 Nov
AccraScheduled
14 – 18 Dec 2026€5,100€4,590until 23 Nov
AmmanScheduled
20 – 24 Dec 2026€3,100€2,790until 30 Nov
AmsterdamScheduled
21 – 25 Dec 2026€5,400€4,860until 30 Nov
BakuScheduled
28 Dec 2026 – 1 Jan 2027€4,800€4,320until 7 Dec
BeirutScheduled
3 – 7 Jan 2027€4,000€3,600until 14 Dec
BarcelonaScheduled
4 – 8 Jan 2027€5,400€4,860until 14 Dec
BerlinScheduled
11 – 15 Jan 2027€5,800€5,220until 21 Dec
CairoScheduled
17 – 21 Jan 2027€3,300€2,970until 28 Dec
Cape TownScheduled
18 – 22 Jan 2027€5,100€4,590until 28 Dec
CasablancaScheduled
25 – 29 Jan 2027€4,300€3,870until 4 Jan
DammamScheduled
31 Jan – 4 Feb 2027€4,200€3,780until 11 Jan
DohaScheduled
7 – 11 Feb 2027€4,400€3,960until 18 Jan
DubaiScheduled
7 – 11 Feb 2027€4,400€3,960until 18 Jan
ErbilScheduled
14 – 18 Feb 2027€3,100€2,790until 25 Jan
JeddahScheduled
21 – 25 Feb 2027€4,200€3,780until 1 Feb
IstanbulScheduled
22 – 26 Feb 2027€4,700€4,230until 1 Feb
KigaliScheduled
1 – 5 Mar 2027€5,100€4,590until 8 Feb
Kuala LumpurScheduled
8 – 12 Mar 2027€4,400€3,960until 15 Feb
LisbonScheduled
8 – 12 Mar 2027€5,400€4,860until 15 Feb
LondonScheduled
15 – 19 Mar 2027€5,600€5,040until 22 Feb
MadinahScheduled
22 – 26 Mar 2027€4,200€3,780until 1 Mar
MadridScheduled
22 – 26 Mar 2027€5,400€4,860until 1 Mar

Available in: Istanbul · Dubai · London · Doha · Amsterdam

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