Spring 2024

Basic understanding of the real estate industry, the process of real estate development and investment, and the key players involved.

Career assessment and preparation; real estate industry overview; reflection on experiences.

Real estate development skills for practice; internship seminar; leadership, group dynamics and presentation skills; application of management; organizational diversity; reflection on experiences.

Basic understanding of public finance, public debt, public-private joint ventures, time value of money, present value, risk and return, discounted cash flows, leverage and taxes.

Land use planning and zoning; community and government relations; environmental regulation.

Real estate overview; evolution of cities and neighborhoods; product types; introduction to valuation.

Real estate development feasibility and analysis; underwriting local fundamentals including neighborhood and city change, real estate capital flows.

Cities and urban form created through various real estate product types. Case studies and site visits.

Historical evolution of planning and development. How changing modes of planning and development have shaped the built landscape throughout the century.

Theories and concepts of livable communities and good city form; case studies of historical and current best practices; field visits; collaborative design project.

Macro and micro-analysis of urban property markets; demographics; location choice; regulation

Advanced real estate principles. Underwriting property valuation and deal structure including risk and return. Debt and equity markets; difference between development and existing assets.

Design, financial, legal and management challenges of mixed use real estate development; field project.

Individual research and readings.

Fundamental principles of real estate analysis; economics; capital markets; development decision making; relationships between real estate markets and federal, state and local government policies; property value.

Fundamental economic theories; analytical techniques; practical applications for market analysis of various forms of real estate.

Quantitative problem solving using computerized modeling. Complex debt financing, including lender participation, subordination, joint venture structuring, systematic treatment of real estate portfolios.

Advanced topics in finance applied to cases and problems of real estate development; emphasis on structuring, finance, and evaluation of various types of development projects.

Ownership and transfer of real estate; formation and enforcement of contracts; business associations; environmental regulation; taxation of property transfers; acquiring, financing, leasing of commercial property.

Physical implementation of development projects. Students will develop concept plan, preliminary design, and marketing plan for selected domestic and/or international development sites.

Comparative study tour focused on understanding international real estate development practices and markets, site visits and meeting with principals.

Research leading to the master's degree. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC.

An evaluation of various real estate development product types. Case studies and site visits.