Spring I
COMMUNICATION IN REAL ESTATE
The course provides communication skills development through workshop application of the procedures, contexts, and practices in the real estate industry. Students learn to think critically and strategically about communication, and apply these principles in real estate managerial contexts through written and oral assignments. Students will also develop a practical article for publication, with a focus on communicating with clarity, depth of understanding, and brevity in an emerging niche area of expertise within the real estate field.
DESIGN IN REAL ESTATE DEVELOPMENT (CRP 556)
The course provides a basic understanding of the importance of design in real estate development. The role of the architect and other design professionals is considered from initial needs-assessment through project implementation. Fundamentals involved in defining, stimulating, and recognizing quality in design are addressed. The analysis of case studies and presentations by guest speakers examine the methods and procedures employed to achieve quality design and how this adds value to development.
REAL ESTATE LAW (CRP 657)
This course examines the major legal concepts pertaining to acquisition, use, management, and transfer of real estate. Particular focus is on legal considerations pertaining to property rights, contracts, and public controls on the use of land. Important case law, statutory law, and rules and regulations are considered, and current legal issues affecting the real estate industry are discussed.
RESIDENTIAL DEVELOPMENT (CRP 658)
The course explores the residential development process from site acquisition through delivery of the finished product. Topics covered include composition of the project-development team, market feasibility, land planning and acquisition, product selection and design considerations, project financing and feasibility, schedule and budgetary controls, contracting and construction issues, marketing, and sales activities. Current issues in providing competitive housing products for today’s markets also are explored. Classes are supplemented by case studies and presentations from visiting professionals and feature a semester-long real-world project completed by student teams.
REAL ESTATE FINANCE AND INVESTMENTS (H ADM 628)
This course promotes sound real estate investment and finance decision-making through the use of advanced theory and techniques in financial economics. Real estate investment decisions are analyzed through applications of the after-tax discounted cash-flow model, which incorporates prevailing domestic and international economic conditions in real estate markets, tax rules, and options. Investment decisions are studied using the techniques of modern financial analysis. Students gain experience with real estate analytical software (ARGUS/Excel). Many financing options are considered.