Accounting & Finance9-day programme

Real Estate Finance Workshop in Tokyo

Dates15–23 Feb 2027
LocationTokyo, Japan
VenueHotel Niwa Tokyo
Register by27 Dec 2026

Key facts

Dates
15–23 Feb 2027 (9 days)
Where
Hotel Niwa Tokyo, Tokyo, Japan
Fee per participant
£6,750 (GBP)
Payment
By invoice and bank transfer
Registration closes
27 Dec 2026
Certificate
Certificate of completion
On this page 14 sections

Programme Overview

This programme gives participants practical knowledge and tools in public financial management and finance, with a focus on what works in public institutions and donor-financed projects.

Delivered by Risalat Consultants International in Tokyo, Japan, it combines expert-led sessions, real cases and group work, so that participants can apply what they learn in their own institution.

The Programme Strengthens Institutional Capability

  • A capital market’s approach?
  • Types of income
  • How do lease terms affect value?
  • Slicing the income and converting to capital
  • Unbundling the all risk yield
  • Types of yield
  • What are the key drivers?
  • Income Capitalization approach: Applying and adjusting Yields and Income
  • Budget preparation and execution
  • Financial reporting and accounting standards
  • Cash and treasury management
  • Internal control over payments and assets

It is designed for lenders, property Analysts, property Developers and others who want practical, current skills in public financial management and finance.


The Growing Importance of Real Estate Finance

Sound financial management is the basis for credible budgets, timely payments and clean audits. Governments and financiers expect accurate reporting, disciplined budget execution and transparent use of funds.

Changes in reporting standards, digital payment systems and financier requirements mean finance teams must keep their skills current. Strong financial management also frees time and money for the services that matter.

Organisations increasingly require professionals capable of:

  • Prepare and execute budgets in line with plans
  • Produce accurate, timely financial reports
  • Apply controls over payments and assets
  • Meet financier financial management requirements
  • Use financial information to support decisions

Strong public financial management and finance systems help organisations:

  • Improve budget credibility and execution
  • Produce reliable reports and clean audits
  • Reduce payment delays and errors
  • Build trust with financiers and oversight bodies

This Real Estate Finance programme brings these elements together in a practical format, so that participants understand not only what good practice looks like but also how to introduce it in their own setting, with the people and resources they have.


Who Should Attend This Real Estate Finance Training?

This programme is designed for:

  • Lenders
  • Property Analysts
  • Property Developers
  • Corporate Asset Managers
  • Real Estate Investors
  • Fund Managers
  • Lawyers
  • Accountants
  • Insurance Professionals
  • Valuers / Surveyors
  • Finance managers and accountants
  • Budget officers and analysts

The programme suits experienced professionals as well as those moving into new responsibilities. Groups that mix institutions and countries are encouraged, because participants learn a great deal from each other’s experience.

Check the fit for your team

Tick what your team needs to be able to do.

Tick the items that apply

Real Estate Finance Training Objectives

Upon successful completion of this Real Estate Finance Training, participants will be able to:

  • The component parts of a real estate cash flow model, IRRs and Equity Multiples
  • Senior debt and equity financing structures and techniques
  • The use and application of mezzanine finance
  • Development appraisals, cash flows and financing alternatives
  • Joint Ventures and Private Equity structures
  • Analyzing the risk of real estate projects
  • Structured Sale and leasebacks
  • Explain the budget cycle and the role of each actor
  • Prepare and monitor budgets linked to plans
  • Apply the main principles of the relevant reporting standards

Each objective is practised during the programme through exercises, cases or group work, so that participants leave able to do it, not only to describe it.


Programme Contents and Structure

Your 7-day journey tap a day to see the sessions
    • A capital market’s approach?
    • Cost approach: Depreciated Replacement Cost
    • Ratio analysis and Diagnostics
    • Sizing the debt
    • Participants will discuss terms for a loan for an investment opportunity. Examples of Term Sheets will be used to focus the discussion on suitable terms. On completion, a spreadsheet model will be used to illustrate the cash flow implications and key points
    • Ratio analysis
    • Forward sale and full forward commitment
Full day-by-day contents

The programme runs over 9 days. Each day combines expert input, practical work and a closing workshop or case study:

  • First Day: Financial management foundations
  • Second Day: Budgeting and execution
  • Third Day: Accounting and reporting
  • Fourth Day: Controls, cash and assets
  • Fifth Day: Audit, analysis and action planning
  • Sixth Day: Financial management foundations: practice and application
  • Seventh Day: Budgeting and execution: practice and application
  • Eighth Day: Accounting and reporting: practice and application
  • Ninth Day: Controls, cash and assets: practice and application

Full day-by-day contents

First Day | Financial management foundations

  • A capital market’s approach?
  • Cost approach: Depreciated Replacement Cost
  • Ratio analysis and Diagnostics
  • Sizing the debt
  • Participants will discuss terms for a loan for an investment opportunity. Examples of Term Sheets will be used to focus the discussion on suitable terms. On completion, a spreadsheet model will be used to illustrate the cash flow implications and key points
  • Ratio analysis
  • Forward sale and full forward commitment
  • Public vs. private equity

Workshop: Financial management foundations: Applying It to Your Institution

Working in small groups, participants apply the day's methods to examples from their own institutions and agree practical next steps.

Second Day | Budgeting and execution

  • Types of income
  • A Cash Flow primer: typical patterns of cash flows
  • Solving the maximum price to pay
  • Applying financial covenants to the cash flow
  • Stretched debt to quasi equity
  • How is profit being generated?
  • Matching the loan to the cash flows and the risks
  • Allocating risk and return

Workshop: Budgeting and execution: Applying It to Your Institution

Working in small groups, participants apply the day's methods to examples from their own institutions and agree practical next steps.

Third Day | Accounting and reporting

  • How do lease terms affect value?
  • Linking lease terms to appraisal styles
  • Setting up an investment acquisition cash flow appraisal
  • Interest only, partial & full amortization
  • Structuring a package
  • A spreadsheet model will be used to demonstrate the set up of development proposal. Ratio analysis & risk analysis techniques will be used to show the implications of changing market conditions
  • Spreadsheet models will be used to demonstrate the impact of finance on Pre-let and Speculative schemes. Debt and Equity issues will be considered and analyzed
  • Prefs, Promotes and waterfalls

Case Study: Accounting and reporting in Practice

Participants analyse a realistic case, compare the choices made with good practice and draw lessons they can use in their own setting.

Fourth Day | Controls, cash and assets

  • Slicing the income and converting to capital
  • Lease-up, from gross to net income
  • Shaping up the basic deal
  • After debt cash flows
  • Stand alone or blended?
  • Pre-let or speculative?
  • JVs and capital partners
  • Showing the exit and risk

Workshop: Controls, cash and assets: Applying It to Your Institution

Working in small groups, participants apply the day's methods to examples from their own institutions and agree practical next steps.

Fifth Day | Audit, analysis and action planning

  • Unbundling the all risk yield
  • Construction & key inputs
  • Adding IRR, NPV, income and exit ratios
  • Identifying and quantifying the risks in the loan
  • Intercreditor agreements
  • A banker’s point of view
  • Landowner / developer JVs
  • A spreadsheet model will be used to demonstrate the set up of Joint Ventures, ground leases and private equity models. Delegates will test possible outcomes on the templates provided

Workshop: Audit, analysis and action planning: Applying It to Your Institution

Working in small groups, participants apply the day's methods to examples from their own institutions and agree practical next steps.

Sixth Day | Financial management foundations: practice and application

  • Types of yield
  • A line by line assessment down to the net operating income
  • Considering uncertainty and the merits of the investment
  • Profitability and Financial Risk
  • Look back IRRs, warrants and convertibles
  • Construction loan mechanics
  • Different structures for different players
  • Market trends and activity

Case Study: Financial management foundations: practice and application in Practice

Participants analyse a realistic case, compare the choices made with good practice and draw lessons they can use in their own setting.

Seventh Day | Budgeting and execution: practice and application

  • What are the key drivers?
  • Projecting cash flows: expenses v growth
  • What is an appropriate discount rate? What about the target rate of return?
  • From sensitivity to scenario analysis
  • Understanding the risk and reward structures for the parties to the deal
  • Main Underwriting Criteria
  • Risk and return
  • PropCo, OpCo and Portfolio deals

Workshop: Budgeting and execution: practice and application: Applying It to Your Institution

Working in small groups, participants apply the day's methods to examples from their own institutions and agree practical next steps.

Eighth Day | Accounting and reporting: practice and application

  • Income Capitalization approach: Applying and adjusting Yields and Income
  • Capital expenditure
  • Gearing up an investment acquisition (use of leverage)
  • Adding the senior debt tranche
  • From residuals to cash flows
  • Project Monitoring issues
  • Priority of distributions
  • Enabling flexibility and cash flow profiles

Workshop: Accounting and reporting: practice and application: Applying It to Your Institution

Working in small groups, participants apply the day's methods to examples from their own institutions and agree practical next steps.

Ninth Day | Controls, cash and assets: practice and application

  • Using different types of yields
  • The exit
  • Typical financial covenants and points for negotiation
  • Analyze and adjust a geared cash flow model
  • Line by line items down to profit
  • Exit strategies
  • Structures & styles
  • Concentration risk and residual value risk

Capstone Exercise: Real Estate Finance Action Plan for Your Institution

Participants bring the week together in an action plan for their own institution, with priorities, owners and first steps, and present it for feedback from peers and facilitators.

The public budget cyclePlanFormulateApproveExecuteAccountAudit
The public budget cycleThis programme works through: Plan, Formulate, Execute, Account, Audit (highlighted).Each stage feeds the next: audit findings and accounts should shape the next year's plan.

Real Estate Finance Training Methodology

Real Estate Finance Workshop is designed to increase your understanding of the increasingly complex and sophisticated process of real estate investment and finance. In order to take advantage of profitable property finance opportunities, it is essential to be equipped with investment skills and essential financing techniques. At the end of this programme participants will have an understanding of the key drivers of real estate finance and how to select, assess and model appropriate financial alternatives in a risk/return context. Real Estate Finance Workshop in Tokyo, Japan is designed to be highly interactive, using a mix of case studies, role-play exercises, self-assessment questionnaires, presentations and group discussion to develop the themes around participants’ own experiences and needs. It presents an opportunity for delegates to practice the skills taught using a variety of hands-on Real Estate Finance exercises that stress participation and that reinforce and build on the comprehensive course materials. This training methodology allows delegates to significantly improve their real estate finance skills and to have all their questions answered by the highly experienced negotiation practitioner who leads the course.

The programme combines:

  • Expert-led sessions on current practice
  • Regional and international case studies
  • Group work and practical exercises
  • Simulations and role plays where relevant
  • Discussion of participants' own challenges
  • Peer learning across institutions and countries
  • Practical tools and templates to take back to work
  • Daily reflection and action planning

Before the programme, a short pre-assessment helps the facilitators understand each participant’s role and priorities, so that examples and exercises can be adjusted to the group. Each day ends with a short reflection in which participants note what they will apply at work.


Expected Outcomes

Upon completion of this Real Estate Finance Training, participants will be able to:

  • Prepare and monitor budgets linked to plans
  • Produce accurate financial reports
  • Apply sound payment and cash controls
  • Meet financier financial management requirements
  • Prepare for audits and close findings
  • Use financial analysis in decisions

Participants leave with a personal action plan and practical tools they can use in their institution from the first week back. Institutions that send several participants can use the programme to agree shared methods and templates across teams, which makes improvements easier to sustain.

Plan your team's places

£6,750 per participant · invoice and bank transfer · groups of 5 or more receive a discount

1participant(s)
£6,750at the standard fee

Registration closes in 49 days (27 Dec 2026)


Institutional Application of Real Estate Finance Training

This programme supports organisations in strengthening:

  • Budget preparation and execution
  • Financial reporting
  • Payment and cash controls
  • Donor financial management
  • Audit readiness

Participants return with practical tools to improve:

  • Budget monitoring
  • Interim financial reports
  • Reconciliations
  • Asset management
  • Audit follow-up

The programme is built so that learning moves from the classroom into the institution. Participants work on their own processes and documents where possible, and leave with an action plan that their managers can review and support.


Regional Relevance & Application

Europe

European institutions apply public financial management and finance within detailed regulatory frameworks and reform agendas. Participants from Europe can compare their practice with colleagues from other regions and test how established methods work under different conditions.

Africa

Across Africa, ministries, agencies and project teams working in public financial management and finance increasingly operate alongside donor-financed programmes that expect clear systems and evidence. The programme helps participants adapt good practice to the institutions and resources they work with.

Middle East

In the Middle East, national development strategies and diversification plans place growing demands on public financial management and finance. Participants explore how to build the capability these plans need inside public bodies and companies.

Asia

Institutions across Asia combine rapid growth with ambitious modernisation programmes. Participants from Asia can share their experience of scaling systems quickly and learn from approaches used elsewhere.

Pacific

Small island and Pacific states face particular constraints of size, distance and capacity. The programme highlights practical, proportionate approaches to public financial management and finance that suit smaller institutions.

Holding the programme in Tokyo, Japan brings participants together away from their daily pressures, so they can compare how public financial management and finance is handled in different settings. The same programme can also be delivered in-house for one institution, in its own country or online, with cases taken from its current work.


Host Country Profile – Japan

Programmes, Workshops, Exposures, Training Courses in Tokyo, Japan by Risalat Consultants International

Studying away from their own country gives participants time to focus, a fresh view of their own institution and the chance to build a network with colleagues from other countries.

The programme takes place at Hotel Niwa Tokyo.


Real Estate Finance Training Deliverables

Participants receive support before, during and after the programme, so that preparation, learning and follow-up form one continuous experience.

Before the Programme

  • Participant Pre-Assessment
  • Real Estate Finance Readiness Assessment
  • Real Estate Finance Resource Pack
  • Preparatory Reading Materials
  • Complimentary Visa Support & Advisory

During the Programme

  • Airport Pickup & Welcome Assistance
  • Accommodation with Breakfast
  • Welcome Networking Dinner
  • Risalat Training Kit (Bag, Bottle, Mug, T-Shirt, Cap, Passport Cover, Pens, Notebook, Magnet & Keychain)
  • Comprehensive Real Estate Finance Training Manual
  • Budget Monitoring Template
  • Interim Financial Report Template
  • Reconciliation Checklist
  • Audit Preparation Checklist
  • Practical Workshops & Simulations
  • Group Discussions & Peer Learning
  • Daily Lunch and Refreshments
  • Full Access to Training Venue Facilities
  • Mini Pad / Tablet with Digital Learning Materials
  • Field Visit (where applicable)
  • Entertaining City Tour

After the Programme

  • Certificate of Completion
  • Risalat Programme Participation Recognition Award
  • Post-Training Reference Materials
  • Financial Management Self-Assessment
  • Payment Control Checklist
  • Post-Training Support & Follow-Up Guidance
  • Programme Report

Institutions can also request a tailored in-house version of this programme, delivered at their premises or online. Request a proposal.


Common Challenges in Real Estate Finance, And How This Training Helps

How can institutions prepare and execute budgets in line with plans?

The programme addresses this directly on the first day (Financial management foundations), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions produce accurate, timely financial reports?

The programme addresses this directly on the second day (Budgeting and execution), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions apply controls over payments and assets?

The programme addresses this directly on the third day (Accounting and reporting), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions meet financier financial management requirements?

The programme addresses this directly on the fourth day (Controls, cash and assets), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions use financial information to support decisions?

The programme addresses this directly on the fifth day (Audit, analysis and action planning), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.


Frequently Asked Questions

When and where does the Real Estate Finance programme take place?

It runs from 15 Feb 2027 to 23 Feb 2027, in Tokyo, Japan (Hotel Niwa Tokyo). The registration deadline is shown at the top of this page.

Who should attend?

The programme is designed for lenders, property Analysts, property Developers, corporate Asset Managers, and others who want practical skills in public financial management and finance.

Will I receive a certificate?

Yes. Participants who complete the programme receive a Certificate of Completion from Risalat Consultants International.

Can this programme be delivered for our institution only?

Yes. We can deliver a tailored in-house version at your premises, in another city or online, built around your own cases. Use the proposal request on this page.

Do I need prior experience in public financial management and finance?

No specialist background is required beyond experience in a related role. A short pre-assessment helps the facilitators adapt the sessions to the group.

Training courses in TokyoAccounting & Finance training courses

Why Tokyo for this programme

Tokyo offers examples of disaster risk management, quality management and infrastructure.

The Real Estate Finance Workshop in Tokyo programme in February 2027 brings together officials and professionals from across the Asia region and beyond. Sessions combine short inputs, case studies and group work on participants' own files, and the city's institutions can be added as a study visit on request.

Getting there: Haneda (HND) and Narita (NRT).

Check whether you need a visa with the free Visa Checker, and ask for an invitation letter once you are registered.

Other programmes in Tokyo

More training courses in Japan · All programmes in Asia · Full training calendar

What the fee covers

Visa Assistance (complimentary)
Participant Assessment
Airport Pickup
Accommodation
Wi-Fi
Welcome Dinner
Breakfast
Workshop Kit
Programme Materials
Programme Experts
Practical Activities
Lunch
Refreshments
Interactive workshop
City Map & Direction
Risalat T-shirt Visa Assistance (complimentary)
Field Visit
Programme Certificate
Entertaining Tour
Programme Report
Fee per participant£6,750Register →