This course teaches participants how to confidently build, analyse, and stress‑test financial models for Purpose-Built Student Accommodation (PBSA). You’ll learn how PBSA assets generate value, how income and costs behave differently from other real estate types, and how to correctly model cash flows, debt, and investment returns. The training also highlights common modelling mistakes unique to PBSA and shows how to avoid them

Across two days, the course covers both foundational and advanced skills: from understanding PBSA as an asset class and constructing a basic cash flow model, to analysing revenue drivers, operating costs, development risk, lender covenants, and feasibility metrics. Real case studies reinforce how to evaluate stabilised assets and development opportunities using IRR, NPV, sensitivities, and scenario analysis.

On this course you will:

• Build and interrogate PBSA financial models with confidence
• Understand how PBSA value is created, protected, and destroyed
• Correctly model income, costs, debt, and cash flow timing specific to student housing
• Avoid common modelling and underwriting pitfalls unique to PBSA

Who is this course for?

• Real Estate Investment & Finance Professionals
• Investment analysts, associates, and managers Fund managers and investment committee members
• Portfolio managers evaluating PBSA allocations
• PBSA operators needing to understand financial drivers
• Graduates or career switchers entering real estate modelling

Course Outline