Real estate development is the process by which ingenuity and financial capital are transformed into the built environments that shapes our cities and lives. This course takes students through the real estate development process. Starting with inception phase, we walk through the processes of market research, site selection, and working with public and private stakeholders to develop a concept plan for a site. Throughout that process, students learn how developers perform due diligence and manage risks in the pre-development phase. Students practice and implement a series of key financial frameworks for conducting rigorous feasibility analysis. They also learn how developers raise capital through construction loans and complex joint venture partnerships. We explore the regulatory approval process and how successful developers navigate it. Students study construction cost estimating and how to manage the physical construction of the project, including a variety of delivery methods, risk sharing agreements, and the contracts that govern them. Students learn how to undertake multi-phase developments and obtain the special financing they require. At every stage, we learn to balance risk and reward, with a focus on generating investment returns while making a lasting, positive impact on our cities.
Registration Closes: January 23, 2025
Credits: 4
View Tuition Information Term
Spring Term 2025
Part of Term
Full Term
Format
Flexible Attendance Web Conference
Credit Status
Graduate
Section Status
Open