Introduction to Real Estate Finance, Development, and Management

This course teaches the fundamentals of real estate for all major property types and land uses. The various stages of the development process, including site selection, market analysis, financial feasibility, design considerations, legal requirements, construction oversight, lease-up, operations, and ultimate property disposition, are examined. Acquisition, management, and disposition of existing real estate assets are similarly explored. Cases are designed to place students in decision-making situations commonly faced by real estate professionals. Optional review sessions focusing on real estate financial analysis will supplement the course. The course emphasizes financial analysis including Discounted Cash Flow of income property, for-sale property, construction and permanent mortgages, joint venture structures, REITS, and secondary markets. While the Fall term version of this course is a foundation of the Master in Real Estate program, this Spring term version assumes no prior experience.