Real Estate Development

The concentration in Real Estate Development introduces the economic, social and physical issues inherent in environmentally and fiscally sustainable real estate and land-use development. Through real-world case studies presented by leading developers, coursework encompasses market analysis and valuation, finance and investment, legal issues of ownership and land-use, public-private partnerships, urban regeneration and adaptive reuse, construction science and management, in addition to multiple design and development paradigms and their long-term local, national, and global impacts. Sustainable strategies inform a curriculum sensitive both to the ethical dimension of development and the parameters of a capital-driven market. This concentration is a collaboration between the School of Business and the MS in Real Estate Development in the College of Architecture and the Built Environment.

Unique Aspects

• Participants completing this 9-credit concentration will be prepared to engage in high level discussions and business-related decision-making processes across all functional areas of the real estate development industry.
• The concentration is designed to create the opportunity for participants with no prior knowledge of the industry to understand the economic, social and physical issues inherent in environmentally and fiscally sustainable real estate and land-use development.
• The concentration will provide participants with the knowledge, background and ability to navigate and contribute to aspects of the real estate development industry, with an emphasis on economic and environmental sustainability, social consciousness, design excellence and financial feasibility.
• Required coursework offered in both online and live / hybrid formats.

 By the end of the concentration the participants will be able to:

• Apply analytical, computational, and evaluative skills in financial and quantitative real estate decisions.
• Apply sustainable planning paradigms on multiple scales from the micro of neighborhood development to the macro urban condition. 
• Synthesize core competencies that include finance, planning, design concepts, market analysis, legal principles, construction and project delivery.
• Evaluate the dynamics and valuation of a capital-driven market within a risk/reward framework as intrinsic to decision-making and the sustenance of healthy communities.

Real Estate Development Courses

Required

• MRE 601 Sustainable Real Estate Development Process

Choose TWO of the following

• MRE 604 Case Study: Mixed-Use, Commercial and Health Care Facilities
• MRE 615 Real Estate Finance and Investment
• MRE 620 Case Study: Urban Revitalization, Historic Neighborhoods, & Adaptive Reuse
• MRE 625 Real Estate Law & Ethical Practices
• MRE 630 Market Analysis and Valuation
• MRE 635 Public-Private Partnerships
• MRE 638 Case Study: Sustainable Affordable Housing
• TAX 789 Real Estate Taxation

Total Credits: 9