This document provides an overview of the B.Sc. Real Estate Finance and Investment (REFI) programme at Ardhi University. It discusses how real estate is a major investment that requires specialized skills, and how the REFI programme teaches students about real estate investments, financing, legal issues, and technical analysis. Graduates are equipped to work in fields like property development, management, financing, appraisal, and more. The programme started in 2007 and graduates have proven successful in meeting the industry's need for real estate investment experts.

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Company Proprietary and Confidential
REFI Programme in a
Nutshell
Noah Amri
June,6 2014
SRES PROFESSIONAL DAY
B.Sc. REAL ESTATE FINANCE AND
INVESTMENT(B.Sc. REFI)

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Company Proprietary and Confidential
REAL ESTATE BUSINESS
o To most of us - both as individuals or a corporates
owning of real estate either through construction or
purchase, represents the biggest expenditure we
would ever make.
o These construction activities and purchase
transactions happen every day at some point and
place involving the transfer of really huge amounts of
funds.

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Company Proprietary and Confidential
o Hence real estate is a business of its own kind, involving investment of
large capital outlays for either purchase or construction of properties.
o The business does not only require different financing mechanisms but
also critical analysis of technical, economical, legal and environmental
viability and perfomance of the investments.
o As the case, investment in real estate should always be viewed from an
investment perspective of analysing risk and return profiles of the
respective investment projects.

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Company Proprietary and Confidential
o The changing socio-economic and political climate of the country has
definitely contributed much towards a new thinking on the part of the
government and all stakeholders, that investng in real estate must be
taken seriously. On the wake of these developments tracer studies
showed a gap in experts in some areas of real estate discipline. This
culminated into the establishment of more real estate degree
programmes at Ardhi Universitry, on top of traditional programmes,
B.Sc. REFI is one the new programmes

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Company Proprietary and Confidential
o Carrying out of real estate investments needs specialised skills
due to the distinct nature of this asset class as opposed to other
investment vehicles such as shares and bonds, and these skills
are comprehensively acquired in B.Sc. Real Estate finance and
Investment.
o The degree programme produces highly qualified graduates
with extensive knowledge on the field of real estate investments;
its legal and technical issues plus financing options, on both
international and national real estate markets.
o The programme started in 2007, being a four year programme
of which its first graduates entered the industry in 2010.
Graduates being thouroughly equiped with industrial based tools
and skills have since then proved to be the best in the industry
as reported by many employers.

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Company Proprietary and Confidential
SOME FUNCTIONS OF REAL ESTATE INVESTMENT
ANALYSTS

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Company Proprietary and Confidential
RANGE OF REFI EMPLOYERS

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Company Proprietary and Confidential
“B.Sc. REFI IS SPECIAL AND UNIQUE”
o This is the unique degree programme and almost the only one offered in Africa -
integrating real estate issues with finance on an investment perspective
o The programme is a master’s programme like in nature since most of it is often
studied at a masters level. Hence graduates being grounded for four years
acquire extensive knowledge on real estate investing and finance
o A financial consultant can give the same advice to many investors to invest in
shares of the same company but not same advice could be given to developers
due to heterogeneity of real estate investments
o Challenging legal aspects and issues of real estate investment call for
professionals with deep knowledge of real estate laws, zoning regulations and
building codes.

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Company Proprietary and Confidential
o The best people to practice mortgage(loan) underwitting in banks today are REFI
graduates due to their deep understanding on real estate financing.
o Open to both domestic and international employment opportunities REFI
graduates are posed to take advantage of the current East African Community
integration.
o The course is recognized by many professional bodies including RICS, TIVEA
and AfRES which offers more professional opportunities.
o Real estate is booming in Tanzania and in East Africa in general. The mortgage
industry in Tanzania is also catching very fast.
o The government is in the process of enacting a law to cater for real estate
agents which among other things will require that every real estate brokerage
firm to have a professional real estate agent.

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Company Proprietary and Confidential
SOME AREAS IN WHICH OUR GRADUATES HAVE
PROVED TO BE QUITE USEFUL
InvestmentAuthoritiese.g
EPZA,TIC
Appraisal of investment
sites and land banking
Selection of Investors
Evaluation of
Investment proposals
Appraising the
performance of
Investments
Marketing of Investment
areas Government
Ministries/Agency
Project planning and
Investment decisions
Project management
Infrastructure
financing decisions
Housing finance
decisions
Land disputes with
income properties

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Company Proprietary and Confidential
Property
Investment/ManagementFirms
Property development
and maintenance
advises
Real estate finance
and investment
decisions
Undertaking feasibility
studies and project
appraisal
Real estate market
analysis
Managing properties,
tenants and lease
agreements
Evaluation of
performance of real
estate investments
InsuranceCompanies,Pensionfunds
commercialbanksandMutualbanks
Advice provision for
fund’s/company’s financial
planning
Risk analysis in different types
of investment decisions making
Advice on financing real estate
investments
Feasibility studies and project
appraisals
Real estate marketing and
agency
Loan underwriting: determining
loan amounts, borrowers
creditworthiness and income
potential of projects

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Company Proprietary and Confidential
THANK YOU FOR
LISTENING
“REFI THE GEMSTONE FOR QUALITY PROPERTY INVESTMENT”
Prepared by:
Noah Amri – 4048/T.2011
+255 716 828 150
amry.pie@gmail.com