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. Teaching cases are designed to place students in decision-making situations commonly faced by real estate professionals. Methods of using discounted cash flow analysis for income property, for-sale property, construction and permanent mortgage loans, joint venture structures, real estate investment trusts, and secondary markets are explored. Optional review sessions focusing on real estate financial analysis will support the course. MRE students are required to take this course but may pursue a waiver of this requirement by successfully passing a waiver examination administered during orientation week. Other students will need to demonstrate a basic literacy in real estate through prior coursework or experience in order to take the class.
Although this is a limited enrollment course, MRE students should enroll directly during the open enrollment period and not enter the Limited Enrollment Course Lottery.
The first day of GSD classes, Tuesday, September 5th, is held as a MONDAY schedule. As this course meets on Mondays, the first meeting of this course will be on Tuesday, September 5th. It will meet regularly thereafter.