Master of Science Real Estate Management

Improve your ability to understand and communicate in English in a financial and legal context.

The aim of this module is to enhance learners’ IT skills to meet the needs of companies in terms of budgeting, sales, project management, personnel management and communication: Excel, Word, Powerpoint, teamwork tools, business software. The aim is to get the most out of office automation tools, quickly identify and correct errors, customize existing tools or create your own.

The aim is to acquire key skills in budget management and reporting. Particular emphasis will be placed on budget architecture, with the implementation of summary documents, project management control and its link with budget management, and the creation and management of dashboards.

This module enables learners to improve their CVs and posture through role-playing exercises (business game, professional simulation, public speaking, etc.); practical and professionalizing workshops (CVs, professional social networks, coaching, etc.) as well as professional conferences and master classes.

The aim of this module is to teach you how to draw up a business plan, i.e. to design a costed project for the creation or development of a company. Several stages are covered: feasibility study, market targeting, opportunities and risks, strengths and weaknesses, communication, financing plan and profitability.

• This seminar focuses on a negotiation in a national and international context.
• In particular, we need to take into account the cultural dimension and define its impact on international negotiations.
• The national negotiation will focus on the sales process through role-playing.

• The basics: tax and capital gains.
• Taxation of fixed-income investments, taxation of dividends, IFU, regular stock market transactions.
• SCI subject to income tax and corporation tax.
• LMNP and LMP and optimizing profitability.
• Taxation of shares, SCPIs, SICAVs and FCPs, warrants.
• Taxation of accounts: life insurance, PEA, securities accounts.

• Real estate products and the various forms of collective investment: OPCI, SCPI for companies and housing, SEF, SPPICAV, FPI.
  
• Management constraints, fees and their impact on performance, redemption of units, secondary market for funds.
  
• Real estate tax exemption and profitability: Pinel Law, Duflot Overseas Law, Malraux Law, Censi-Bouvard Law.
  
• LMP & LMNP status and taxation of rental income. Comparisons between different laws and investment choices.

• Town planning law, building and housing code.
• Co-ownership.
• Tenant’s right of pre-emption.
• Commercial leases and their legal aspects.
• Understand the legal aspects of a real estate transaction: from land acquisition to delivery.
• Residential leases and legal aspects: mandate and exclusivity rules, SRU law, offer to purchase and DIA.

• Understand the concepts of delimitation and cell division, joint ownership and volume division.
• Participate in the preparation of plot division and volume division files.
• Understand the legislative and regulatory framework.

• Understand how real estate operators operate.
• Understand the land developer’s job.
• Decipher the various planning authorizations and know how to read/use the tools available (PLU, land registry, etc.).
• Apply your theoretical knowledge to a practical case study, including field research, feasibility studies and a financial report.

• Explore the fundamentals of project management in the real estate sector.
• Understand the challenges of project planning, execution and control.
• Understanding risks, coordinating stakeholders and optimizing resources.
• Apply techniques specific to the challenges encountered in the development, construction and management of real estate.

Maximizing company value. Profitability/risk analysis. Knowledge of the main financial markets: equities, bonds, FCPI, FIP and OPCVM.

This hybrid module will provide an understanding of the role of the Autorité des Marchés Financiers in the regulation and supervision of financial markets, covering the following topics: financial instruments, crypto-assets and risks, collective management, market organization, post-trade and market infrastructures, securities issues and transactions, and accounting and financial fundamentals.

• The aim of real estate finance is to maximize the value of a property using financial methods.
• Describe the principles of updating and capitalization and learn how to master them.
• Compare financial flows over time.
• Evaluate the cost of real estate financing.

Understand the commercial real estate market, the sale and management of property used for commercial purposes. Analyze the players: investors, developers and companies. Understand local markets and the specific needs of companies.

• Lay the essential foundations of data analysis by introducing the fundamental concepts of data manipulation and algorithms.
• Explore data types and sources, as well as methods for structuring, cleansing and analyzing them.
• Discover tools such as advanced spreadsheets and an introduction to Python.
• This pathway prepares for more advanced levels by developing practical skills and an RGPD-compliant ethical approach.

Understand the private rental market (players, organization, supply and demand) and the different legal regimes governing rental. Understand the obligations of real estate professionals in terms of rental management. How to set rents, co-tenancy, leases, lease renewals and renewals. Discover the seasonal rental market.

• Definition of the market value of a property.
• Valuation methods (comparison method, capitalization method, cost method, cash flow method).
• Appraisal of current assets.
• Valuation methods for specific properties: stores, shopping centers, offices, warehouses, clinics, farms.
• Valuation of leasehold rights and key money.

• This module explores the economic aspects of construction, including cost analysis, financing strategies and assessing the profitability of real estate projects.
• It also covers building pathology, studying the causes of disorders, diagnostic techniques and repair solutions to ensure the durability and quality of constructions.
• The aim is to train managers to master the economic and technical issues involved in construction and property management.

• Define all the administrative, legal, technical and relational functions involved in managing a building.
• Understand how buildings and user services work.
• Technical management of the building and workspaces (management of floor space, leases, new locations).
• Understand the techniques used to increase the value of real estate assets.
• Master management tools to increase building performance.

• Describe financial instruments and their associated risks.
• Estimate the value of a property using real estate valuation methods.

Master the technical knowledge required by the financial profession (financial instruments and risk, third-party management, operation and organization of markets, securities issues and transactions). Practice and pass the certification exam.

• Master the techniques of negotiating and drafting commercial leases.
• Limit the risks associated with drafting sensitive clauses.
• Anticipate the risks of commercial lease litigation.
• Identify statutory commercial leases.
• Master the monitoring of commercial leases and secure their renewal or termination.
• The impact of the Pinel law on commercial leases.

• Acquire the fundamentals needed to master the various aspects of building a real estate portfolio.
• Building and condominium insurance.
• Identify the different players and their roles and obligations.
• Master the legal relationships between the various parties involved, so as to conclude reliable contracts and prevent litigation.
• Know how to implement guarantees during and after the operation.
• Intermediary activities and operations.
• Know what insurance to take out.
• Subcontracting in the construction industry: legal solutions to limit risks.
• Builders’ liability and construction insurance.
• Real estate development and company law: study the mechanisms involved in defining, structuring, implementing and marketing real estate development projects.

• Understand the main principles of real estate investment and their tax impact.
• Understand the different ways of investing in real estate.
• Focus on property income and the principles of progressive taxation and social security deductions.

• Acquire legal knowledge to build a customer’s case.
• Understand the legal issues involved and the legal terms of the sales mandate right up to the signing of the final deed of sale.
• Understand urban planning rules.

• Apply the tools of financial mathematics to financial and investment decisions.
• Simulate financial and asset transactions.
• Make recommendations based on simulation results.

The 4 main activities of a commercial property manager :

• Put in place the resources needed to ensure optimal use of premises and efficient accounting, administrative and financial management.
• Operational management of the real estate portfolio, claims and litigation management.
• Management and leadership of a multidisciplinary team, organization and planning of activities.
• Customer relations: follow-up with tenants and owners, knowledge of industry players (town halls, local councils, property development companies).

• This module provides training in the key skills of project management applied to residential real estate, from design and planning through to project completion and delivery.
• Students will learn how to manage financial, technical, legal and commercial aspects, while integrating sustainable development and environmental quality issues.
• The aim is to train project managers capable of managing complex residential real estate operations, while respecting budgets, deadlines and customer requirements.

• Social, environmental and financial implications of operations.
• Design, finance and build social housing projects, taking into account regulatory constraints, local needs and social diversity objectives.
• The aim is to train professionals capable of managing complex social real estate projects, contributing to housing policy and regional development.

• The challenges of digitalization in real estate: analyzing the transformation of practices, uses and the customer experience.
• Definition and specifics of smart cities.

• Gain an overview of the taxation of real estate transactions for both individuals and companies.
• Understand the mechanisms governing the taxation of real estate transactions and the resulting profits.
• Learn about recent developments in VAT, registration fees and planning taxes.
• Assess the impact of recent case law decisions.
• Tax regime for property dealers.
• Taxation of real estate development operations.
• Using non-trading property companies: legal and tax optimization.
• Taxation of property leasing.
• Master the tax rules specific to property leasing transactions, in terms of corporation tax, VAT and registration duties.
• Understand the situation of both lessor and lessee.
• Learn about tax optimization levers and their limits.
• Understand the principles of property tax, in particular how to determine the rental value of buildings, in order to check TFPB tax notices.
• Basic principles, concepts and mechanisms.
• Accounting regulations in brief.
• Key accounting and tax documents.
• Capital transactions: capital increases; capital reductions; share buybacks.
• Consolidated financial statements.
• Earnings management in a public limited company.

• Overview of the real estate function: management of the company’s real estate assets and rights, management of the operating rental portfolio.
• Asset acquisitions and disposals.
• Analysis of needs and organizational changes linked to the company’s evolution.
• Implementation of real estate master plans: rationalization of real estate costs.
• Management of maintenance and upkeep of buildings, facilities and non-production equipment, corporate support services, spaces, new corporate wellness services, research into sustainable development and energy-saving solutions, relations with external service providers.

• Discover different negotiation and sales techniques.
• Practice these techniques in simulations and role-playing.
• Analyze customer behavior to decode needs and uncover hidden expectations.
• Measure the customer’s risk profile.
• Collect and analyze customer information to get to know them better.
• Identify stakeholders in the decision-making process.
• Study of corporate taxation principles (VAT, corporate income tax, litigation procedures); impact of taxation on management decisions.
• Understand how a company’s results are taxed, by understanding the areas of BIC, BNC and BA.

• To enable learners to understand what is expected of an applied research dissertation.
• Formulate a problem, build a literature review, choose a study methodology, make recommendations.
• Produce an applied research report including a literature review, a qualitative and/or quantitative study, and recommendations.

• Deepen advanced data analysis using Python and exploiting the potential of Generative Artificial Intelligence (GenAI).
• Learn how AI techniques can improve data interpretation and communication via prompt engineering.
• Apply data processing strategies to real-life situations.
• Develop the critical thinking skills needed to move forward in the data industry.

• Written examinations
• Research dissertation defense