Situated at the intersection of economic activities, capital flows, and spatial transformation of the built environment, real estate is impacted by local and global forces. While different locales around the world present distinct contextual elements, fluid cross-border capital operations and increasingly connected institutional actors at the global scale constitute an equally formidable force in shaping real estate within urban settings.
Through lectures, case studies, and class discussions, this course provides students with comparative knowledge and insights about the process and analytical frameworks of real estate development and investment arising in various parts of the world. The course begins by introducing multiple parameters that govern the realization of real estate globally. It next unpacks the analytical frameworks used to assess the risks, opportunities, and performance of international real estate. The course concentrates on real estate practice models and emerging asset types that are deployed in selected locations of the world. Real estate financing strategies, institutional features, operational tactics, and physical design maneuvers for real estate projects located in countries and regions of Asia, Africa, Europe, and the Americas are analyzed and interpreted through a lens of the decision-making processes at the project and urban scales.
Students who took PRO 7452 in Spring 2022 cannot take this course for credit.