Course Schedule for Summer 2017


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MPRE-702-101

Development and Construction Project Management

This course helps students master the art and science of managing projects for development and construction. Taking the project from inception to an on time, under-budget closeout, the tools and techniques for successfully leading an eclectic group of consultants and subcontractors, managing budgets, conflicts and schedules are studied in detail. Going far beyond the secrets of successful scheduling, this course adapts the best practices of managing large projects from the infrastructure, IT, and heavy industrial manufacturing industries, and applies them to real estate development and construction projects. Upon successful completion of this course, students will know the industry best practices for creation and management of the project team, document management and recordkeeping, scheduling, cost control and value engineering, procurement research and negotiations, subcontract management and administration. Students will also be able to apply effective techniques for managing a construction or development project within the framework of construction law, AIA contracts and subcontracts, and ethical business practices.

Note: This Course Meets Online

  • Course #: MPRE-702-101
  • CRN: 15455
  • Format: Online
  • Instructor: Voglmayr, K.
  • Dates: May 22 – Jul 15, 2017

MPRE-702-201

Development and Construction Project Management

This course helps students master the art and science of managing projects for development and construction. Taking the project from inception to an on time, under-budget closeout, the tools and techniques for successfully leading an eclectic group of consultants and subcontractors, managing budgets, conflicts and schedules are studied in detail. Going far beyond the secrets of successful scheduling, this course adapts the best practices of managing large projects from the infrastructure, IT, and heavy industrial manufacturing industries, and applies them to real estate development and construction projects. Upon successful completion of this course, students will know the industry best practices for creation and management of the project team, document management and recordkeeping, scheduling, cost control and value engineering, procurement research and negotiations, subcontract management and administration. Students will also be able to apply effective techniques for managing a construction or development project within the framework of construction law, AIA contracts and subcontracts, and ethical business practices.

Note: This Course Meets Online.

  • Course #: MPRE-702-201
  • CRN: 15456
  • Format: Online
  • Instructor: Rajewski, R.
  • Dates: Jun 26 – Aug 17, 2017

MPRE-500-201

Ethics in Action

This course provides an introduction to multiple ethical choices that any real estate leader will encounter throughout his or her career. We will use readings, case studies and extensive class discussion to help students build an ethical framework for setting priorities and making good decisions, under pressure, from among imperfect alternatives. We will address confidentiality, marketing and disclosure, integrity of data, value of a reputation, fiduciary responsibility for “other people’s money” and management of potential conflicts of interest among investors, lenders, project managers, brokers and contractors. The course explores how to balance corporate responsibility in areas of economic development and environmental sustainability with the practical need to create shared value for a project’s owners and its surrounding communities. We will examine ethics in design and construction, and explore complexities that arise from working in multi-cultural and international real estate environments. Finally, we will look at how to ethically manage workouts and foreclosures based on personal experience during times of crisis such as the US financial crisis of 2008 and the Russian financial crisis of 1998. A minimum grade of "B" (3.00) or better is required in this core course for graduation.

Note: This Course Meets Online. Core Course required for Real Estate Students. A grade of "B" or higher is needed to pass this course.


MPRE-500-101

Ethics in Action

This course provides an introduction to multiple ethical choices that any real estate leader will encounter throughout his or her career. We will use readings, case studies and extensive class discussion to help students build an ethical framework for setting priorities and making good decisions, under pressure, from among imperfect alternatives. We will address confidentiality, marketing and disclosure, integrity of data, value of a reputation, fiduciary responsibility for “other people’s money” and management of potential conflicts of interest among investors, lenders, project managers, brokers and contractors. The course explores how to balance corporate responsibility in areas of economic development and environmental sustainability with the practical need to create shared value for a project’s owners and its surrounding communities. We will examine ethics in design and construction, and explore complexities that arise from working in multi-cultural and international real estate environments. Finally, we will look at how to ethically manage workouts and foreclosures based on personal experience during times of crisis such as the US financial crisis of 2008 and the Russian financial crisis of 1998. A minimum grade of "B" (3.00) or better is required in this core course for graduation.

Note: This Course Meets Online. Core Course required for Real Estate Students. A grade of "B" or higher is needed to pass this course.

  • Course #: MPRE-500-101
  • CRN: 14980
  • Format: Online
  • Instructor: Ways, H.
  • Dates: May 22 – Jul 15, 2017

MPRE-500-102

Ethics in Action

This course provides an introduction to multiple ethical choices that any real estate leader will encounter throughout his or her career. We will use readings, case studies and extensive class discussion to help students build an ethical framework for setting priorities and making good decisions, under pressure, from among imperfect alternatives. We will address confidentiality, marketing and disclosure, integrity of data, value of a reputation, fiduciary responsibility for “other people’s money” and management of potential conflicts of interest among investors, lenders, project managers, brokers and contractors. The course explores how to balance corporate responsibility in areas of economic development and environmental sustainability with the practical need to create shared value for a project’s owners and its surrounding communities. We will examine ethics in design and construction, and explore complexities that arise from working in multi-cultural and international real estate environments. Finally, we will look at how to ethically manage workouts and foreclosures based on personal experience during times of crisis such as the US financial crisis of 2008 and the Russian financial crisis of 1998. A minimum grade of "B" (3.00) or better is required in this core course for graduation.

Note: This course meets Online. Core course requirement for Real Estate Students. A grade of "B" or higher is needed to pass this course.


MPRE-500-40

Ethics in Action

This course provides an introduction to multiple ethical choices that any real estate leader will encounter throughout his or her career. We will use readings, case studies and extensive class discussion to help students build an ethical framework for setting priorities and making good decisions, under pressure, from among imperfect alternatives. We will address confidentiality, marketing and disclosure, integrity of data, value of a reputation, fiduciary responsibility for “other people’s money” and management of potential conflicts of interest among investors, lenders, project managers, brokers and contractors. The course explores how to balance corporate responsibility in areas of economic development and environmental sustainability with the practical need to create shared value for a project’s owners and its surrounding communities. We will examine ethics in design and construction, and explore complexities that arise from working in multi-cultural and international real estate environments. Finally, we will look at how to ethically manage workouts and foreclosures based on personal experience during times of crisis such as the US financial crisis of 2008 and the Russian financial crisis of 1998. A minimum grade of "B" (3.00) or better is required in this core course for graduation.

Note: Core course required for RE students. A grade of "B" or higher is needed to pass this course.

  • Course #: MPRE-500-40
  • CRN: 12432
  • Format: On-campus
  • Instructor: Firschein, J.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-641-40

Foundations of Real Estate Accounting

Foundations of Real Estate Accounting provides a graduate level introduction to real estate accounting, taxation concepts and equity incentives utilizing various tax credit and incentive programs. Topics include GAAP financial statements for real estate companies, financial analysis, fair value and impairment analysis, consolidation, joint venture accounting, Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, Energy Tax Credits, internal controls for real estate companies, and understanding operating and partnership agreements. Taxation topics include partnership tax concepts and tax-free exchanges. This course is designed to give you maximum exposure to the leaders in the real estate accounting industry. As a result, some sessions of this course will be taught by various real estate professionals. The objective of this course is to provide you with an understanding of the current financial accounting and taxation issues likely to be encountered in the real estate sector. At the end of this course, you will be able to analyze GAAP prepared accounting statements and identify potential financial and tax issues. Regular attendance is vital. Be sure to keep pace with the assigned work and class discussions. This course covers many different areas of accounting for real estate transactions. If you are not familiar with the subject area or do not understand the assigned material, please ask for clarification or assistance. Do not wait until the end of the course to obtain help. At the end of the course, students should: • Understand the principles and rules of real estate accounting • Be familiar with the accounting standards and pronouncements related to real estate accounting • Understand the principles for the capitalization of preacquisition costs • Be familiar with the costs incurred to sell or rent a real estate project and the accounting rules associated with those costs •Be familiar with the valuation process of real estate and how to account for acquisitions of real estate • Understand the principles of non-monetary exchanges of real estate; particularly the basic principles of section 1031: like-kind exchanges • Understand the process underlying a sale of real estate and the different accounting methods associated with profit recognition • Be familiar with other applicable methods for recording a sale of real estate • Understand the principles of a lease and be able to identify the key characteristics of and differences between a capital lease and an operating lease • Understand the accounting methods used by both the lessee and lessor • Understand the differences between the four methods of accounting for interests in real estate ventures: consolidation, equity method of accounting, pro rata consolidation, and the cost method • Understand what a variable and non-variable interest entity are and how to account for them • Be familiar with time-sharing transactions and how to account for them • Be familiar with the special accounting rules related to retail land sales

Note: Foundation requirement for RE students. Additional 90 min. distance learning component is required.

  • Course #: MPRE-641-40
  • CRN: 11605
  • Format: On-campus
  • Instructor: Dalkin, J.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-641-201

Foundations of Real Estate Accounting

Foundations of Real Estate Accounting provides a graduate level introduction to real estate accounting, taxation concepts and equity incentives utilizing various tax credit and incentive programs. Topics include GAAP financial statements for real estate companies, financial analysis, fair value and impairment analysis, consolidation, joint venture accounting, Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, Energy Tax Credits, internal controls for real estate companies, and understanding operating and partnership agreements. Taxation topics include partnership tax concepts and tax-free exchanges. This course is designed to give you maximum exposure to the leaders in the real estate accounting industry. As a result, some sessions of this course will be taught by various real estate professionals. The objective of this course is to provide you with an understanding of the current financial accounting and taxation issues likely to be encountered in the real estate sector. At the end of this course, you will be able to analyze GAAP prepared accounting statements and identify potential financial and tax issues. Regular attendance is vital. Be sure to keep pace with the assigned work and class discussions. This course covers many different areas of accounting for real estate transactions. If you are not familiar with the subject area or do not understand the assigned material, please ask for clarification or assistance. Do not wait until the end of the course to obtain help. At the end of the course, students should: • Understand the principles and rules of real estate accounting • Be familiar with the accounting standards and pronouncements related to real estate accounting • Understand the principles for the capitalization of preacquisition costs • Be familiar with the costs incurred to sell or rent a real estate project and the accounting rules associated with those costs •Be familiar with the valuation process of real estate and how to account for acquisitions of real estate • Understand the principles of non-monetary exchanges of real estate; particularly the basic principles of section 1031: like-kind exchanges • Understand the process underlying a sale of real estate and the different accounting methods associated with profit recognition • Be familiar with other applicable methods for recording a sale of real estate • Understand the principles of a lease and be able to identify the key characteristics of and differences between a capital lease and an operating lease • Understand the accounting methods used by both the lessee and lessor • Understand the differences between the four methods of accounting for interests in real estate ventures: consolidation, equity method of accounting, pro rata consolidation, and the cost method • Understand what a variable and non-variable interest entity are and how to account for them • Be familiar with time-sharing transactions and how to account for them • Be familiar with the special accounting rules related to retail land sales

Note: This Course Meets Online. Foundation requirement for RE students.

  • Course #: MPRE-641-201
  • CRN: 15453
  • Format: Online
  • Instructor: TBD
  • Dates: Jun 26 – Aug 17, 2017

MPRE-641-101

Foundations of Real Estate Accounting

Foundations of Real Estate Accounting provides a graduate level introduction to real estate accounting, taxation concepts and equity incentives utilizing various tax credit and incentive programs. Topics include GAAP financial statements for real estate companies, financial analysis, fair value and impairment analysis, consolidation, joint venture accounting, Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, Energy Tax Credits, internal controls for real estate companies, and understanding operating and partnership agreements. Taxation topics include partnership tax concepts and tax-free exchanges. This course is designed to give you maximum exposure to the leaders in the real estate accounting industry. As a result, some sessions of this course will be taught by various real estate professionals. The objective of this course is to provide you with an understanding of the current financial accounting and taxation issues likely to be encountered in the real estate sector. At the end of this course, you will be able to analyze GAAP prepared accounting statements and identify potential financial and tax issues. Regular attendance is vital. Be sure to keep pace with the assigned work and class discussions. This course covers many different areas of accounting for real estate transactions. If you are not familiar with the subject area or do not understand the assigned material, please ask for clarification or assistance. Do not wait until the end of the course to obtain help. At the end of the course, students should: • Understand the principles and rules of real estate accounting • Be familiar with the accounting standards and pronouncements related to real estate accounting • Understand the principles for the capitalization of preacquisition costs • Be familiar with the costs incurred to sell or rent a real estate project and the accounting rules associated with those costs •Be familiar with the valuation process of real estate and how to account for acquisitions of real estate • Understand the principles of non-monetary exchanges of real estate; particularly the basic principles of section 1031: like-kind exchanges • Understand the process underlying a sale of real estate and the different accounting methods associated with profit recognition • Be familiar with other applicable methods for recording a sale of real estate • Understand the principles of a lease and be able to identify the key characteristics of and differences between a capital lease and an operating lease • Understand the accounting methods used by both the lessee and lessor • Understand the differences between the four methods of accounting for interests in real estate ventures: consolidation, equity method of accounting, pro rata consolidation, and the cost method • Understand what a variable and non-variable interest entity are and how to account for them • Be familiar with time-sharing transactions and how to account for them • Be familiar with the special accounting rules related to retail land sales

Note: This Course Meets Online. Foundation requirement for RE students.

  • Course #: MPRE-641-101
  • CRN: 15452
  • Format: Online
  • Instructor: Dalkin, J.
  • Dates: May 22 – Jul 15, 2017

MPRE-641-102

Foundations of Real Estate Accounting

Foundations of Real Estate Accounting provides a graduate level introduction to real estate accounting, taxation concepts and equity incentives utilizing various tax credit and incentive programs. Topics include GAAP financial statements for real estate companies, financial analysis, fair value and impairment analysis, consolidation, joint venture accounting, Low Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits, Energy Tax Credits, internal controls for real estate companies, and understanding operating and partnership agreements. Taxation topics include partnership tax concepts and tax-free exchanges. This course is designed to give you maximum exposure to the leaders in the real estate accounting industry. As a result, some sessions of this course will be taught by various real estate professionals. The objective of this course is to provide you with an understanding of the current financial accounting and taxation issues likely to be encountered in the real estate sector. At the end of this course, you will be able to analyze GAAP prepared accounting statements and identify potential financial and tax issues. Regular attendance is vital. Be sure to keep pace with the assigned work and class discussions. This course covers many different areas of accounting for real estate transactions. If you are not familiar with the subject area or do not understand the assigned material, please ask for clarification or assistance. Do not wait until the end of the course to obtain help. At the end of the course, students should: • Understand the principles and rules of real estate accounting • Be familiar with the accounting standards and pronouncements related to real estate accounting • Understand the principles for the capitalization of preacquisition costs • Be familiar with the costs incurred to sell or rent a real estate project and the accounting rules associated with those costs •Be familiar with the valuation process of real estate and how to account for acquisitions of real estate • Understand the principles of non-monetary exchanges of real estate; particularly the basic principles of section 1031: like-kind exchanges • Understand the process underlying a sale of real estate and the different accounting methods associated with profit recognition • Be familiar with other applicable methods for recording a sale of real estate • Understand the principles of a lease and be able to identify the key characteristics of and differences between a capital lease and an operating lease • Understand the accounting methods used by both the lessee and lessor • Understand the differences between the four methods of accounting for interests in real estate ventures: consolidation, equity method of accounting, pro rata consolidation, and the cost method • Understand what a variable and non-variable interest entity are and how to account for them • Be familiar with time-sharing transactions and how to account for them • Be familiar with the special accounting rules related to retail land sales

Note: This course meets online. Foundation course requirement for Real Estate students.

  • Course #: MPRE-641-102
  • CRN: 16138
  • Format: Online
  • Instructor: Rudd, M.
  • Dates: May 22 – Jul 15, 2017

MPRE-621-201

Foundations of Real Estate Finance

This introductory course provides students with the technical skills and business concepts of real estate finance. Mastering the basic and advanced concepts of real estate finance is essential to understanding other courses in the MPS curriculum, and to success in the real estate industry. Topics covered will include: time value of money, discounted cash flow analysis and investment returns. Through a case study format using an actual real estate investment as a guide, students will prepare a property-level pro forma to report both a unleveraged and leveraged returns analysis. In addition the concepts of debt and equity (via a joint venture) will be included in the case study. The intended learning outcomes include a working financial model that students can use for future courses in the program. The primary text is Real Estate Finance & Investments:William B. Brueggeman and Jeffrey D. Fisher 15th edition; additional readings will supplement the book. Students will perform individual and group case study assignments to reinforce the intended learning outcomes.

Note: This Course Meets Online. Foundation required for Real Estate Students.

  • Course #: MPRE-621-201
  • CRN: 15449
  • Format: Online
  • Instructor: Parker, E.
  • Dates: Jun 26 – Aug 17, 2017

MPRE-621-101

Foundations of Real Estate Finance

This introductory course provides students with the technical skills and business concepts of real estate finance. Mastering the basic and advanced concepts of real estate finance is essential to understanding other courses in the MPS curriculum, and to success in the real estate industry. Topics covered will include: time value of money, discounted cash flow analysis and investment returns. Through a case study format using an actual real estate investment as a guide, students will prepare a property-level pro forma to report both a unleveraged and leveraged returns analysis. In addition the concepts of debt and equity (via a joint venture) will be included in the case study. The intended learning outcomes include a working financial model that students can use for future courses in the program. The primary text is Real Estate Finance & Investments:William B. Brueggeman and Jeffrey D. Fisher 15th edition; additional readings will supplement the book. Students will perform individual and group case study assignments to reinforce the intended learning outcomes.

Note: This Course Meets Online. Foundation required for Real Estate Students.

  • Course #: MPRE-621-101
  • CRN: 14982
  • Format: Online
  • Instructor: Kiang, L.
  • Dates: May 22 – Jul 15, 2017

MPRE-621-40

Foundations of Real Estate Finance

This introductory course provides students with the technical skills and business concepts of real estate finance. Mastering the basic and advanced concepts of real estate finance is essential to understanding other courses in the MPS curriculum, and to success in the real estate industry. Topics covered will include: time value of money, discounted cash flow analysis and investment returns. Through a case study format using an actual real estate investment as a guide, students will prepare a property-level pro forma to report both a unleveraged and leveraged returns analysis. In addition the concepts of debt and equity (via a joint venture) will be included in the case study. The intended learning outcomes include a working financial model that students can use for future courses in the program. The primary text is Real Estate Finance & Investments:William B. Brueggeman and Jeffrey D. Fisher 15th edition; additional readings will supplement the book. Students will perform individual and group case study assignments to reinforce the intended learning outcomes.

Note: Foundation requirement for RE students.


MPRE-631-40

Foundations of Real Estate Markets

This course will focus on how real estate practitioners analyze information to make informed market decisions. The class will cover a broad range of real estate disciplines from single-family and multifamily residential, retail, office, hospitality, and industrial, and introduce the perspectives of developers/builders, investors, lenders, landlords, tenants, planners, public officials, and end users/consumers. The class will offer a mix of theory, analytic tools, and practical experiences/real-life examples. The goal is a highly interactive class environment in which the students play an essential role in the education process. Active participation in class discussions is expected of every student and a key component of participant performance. The class is built around a final case study project that will consist of a case study report and presentation. This final project and presentation will build upon the work completed throughout the semester, including assignments given throughout the semester. The final presentation and report will be due on the final exam date (not the last day of class). Working in a team environment is a critical aspect of future success in the real estate environment. The class will be broken into smaller groups of 4-6 participants, depending on class size, which will act as your final project teams. Project teams will be expected to work with their project team outside of class time.

Note: Foundation requirement for RE students. Additional 90 min. distance learning component required.

  • Course #: MPRE-631-40
  • CRN: 13625
  • Format: On-campus
  • Instructors: Arnold, H. , Ferretti, A.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-631-102

Foundations of Real Estate Markets

This course will focus on how real estate practitioners analyze information to make informed market decisions. The class will cover a broad range of real estate disciplines from single-family and multifamily residential, retail, office, hospitality, and industrial, and introduce the perspectives of developers/builders, investors, lenders, landlords, tenants, planners, public officials, and end users/consumers. The class will offer a mix of theory, analytic tools, and practical experiences/real-life examples. The goal is a highly interactive class environment in which the students play an essential role in the education process. Active participation in class discussions is expected of every student and a key component of participant performance. The class is built around a final case study project that will consist of a case study report and presentation. This final project and presentation will build upon the work completed throughout the semester, including assignments given throughout the semester. The final presentation and report will be due on the final exam date (not the last day of class). Working in a team environment is a critical aspect of future success in the real estate environment. The class will be broken into smaller groups of 4-6 participants, depending on class size, which will act as your final project teams. Project teams will be expected to work with their project team outside of class time.

Note: This course meets online. Foundation requirement for Real Estate students.

  • Course #: MPRE-631-102
  • CRN: 16139
  • Format: Online
  • Instructor: Gladney, C.
  • Dates: May 22 – Jul 15, 2017

MPRE-631-101

Foundations of Real Estate Markets

This course will focus on how real estate practitioners analyze information to make informed market decisions. The class will cover a broad range of real estate disciplines from single-family and multifamily residential, retail, office, hospitality, and industrial, and introduce the perspectives of developers/builders, investors, lenders, landlords, tenants, planners, public officials, and end users/consumers. The class will offer a mix of theory, analytic tools, and practical experiences/real-life examples. The goal is a highly interactive class environment in which the students play an essential role in the education process. Active participation in class discussions is expected of every student and a key component of participant performance. The class is built around a final case study project that will consist of a case study report and presentation. This final project and presentation will build upon the work completed throughout the semester, including assignments given throughout the semester. The final presentation and report will be due on the final exam date (not the last day of class). Working in a team environment is a critical aspect of future success in the real estate environment. The class will be broken into smaller groups of 4-6 participants, depending on class size, which will act as your final project teams. Project teams will be expected to work with their project team outside of class time.

Note: This Course Meets Online. Foundation requirement for RE students.

  • Course #: MPRE-631-101
  • CRN: 15450
  • Format: Online
  • Instructor: Arnold, H.
  • Dates: May 22 – Jul 15, 2017

MPRE-631-201

Foundations of Real Estate Markets

This course will focus on how real estate practitioners analyze information to make informed market decisions. The class will cover a broad range of real estate disciplines from single-family and multifamily residential, retail, office, hospitality, and industrial, and introduce the perspectives of developers/builders, investors, lenders, landlords, tenants, planners, public officials, and end users/consumers. The class will offer a mix of theory, analytic tools, and practical experiences/real-life examples. The goal is a highly interactive class environment in which the students play an essential role in the education process. Active participation in class discussions is expected of every student and a key component of participant performance. The class is built around a final case study project that will consist of a case study report and presentation. This final project and presentation will build upon the work completed throughout the semester, including assignments given throughout the semester. The final presentation and report will be due on the final exam date (not the last day of class). Working in a team environment is a critical aspect of future success in the real estate environment. The class will be broken into smaller groups of 4-6 participants, depending on class size, which will act as your final project teams. Project teams will be expected to work with their project team outside of class time.

Note: This Course Meets Online. Foundation requirement for RE students.

  • Course #: MPRE-631-201
  • CRN: 15451
  • Format: Online
  • Instructor: Bellas, D.
  • Dates: Jun 26 – Aug 17, 2017

MPRE-601-101

Foundations of Real Estate Law

The Foundations of Real Estate Law course will introduce students to substantive legal issues associated with commercial real estate acquisition, development, finance, leasing and related corporate governance matters. The course explores a practical understanding of legal principles from the perspective of real estate developers, construction companies, lenders, owners and investors while focusing on the following objectives: • Principles, Mechanisms and Conventions: The course will provide an overview of legal principles associated with real estate activities (the “What”), mechanisms by which the various legal principles may be implemented (the “How”) and conventions concerning the practical application of legal principles (the “Why”). • Issue Spotting: Students will develop an understanding of common legal themes that confront real estate professionals sufficient to enable them to identify and analyze critical issues before engaging the necessary legal or other real estate professionals necessary to tailor the final arrangements necessary to address the legal issues at hand. • Correlating Legal Risks: The course will promote a constructive approach to correlating legal risks within the prototypical legal enterprise – connecting possible and probable risks among a variety of real estate activities such as buying, selling, developing, financing and leasing associated with a variety of real estate products such as office buildings, shopping centers, residential buildings, hotels, industrial buildings and mixed-use projects.

Note: This Course Meets Online. Foundation requirement for RE students.

  • Course #: MPRE-601-101
  • CRN: 15447
  • Format: Online
  • Instructor: Tibbs, E.
  • Dates: May 22 – Jul 15, 2017

MPRE-601-201

Foundations of Real Estate Law

The Foundations of Real Estate Law course will introduce students to substantive legal issues associated with commercial real estate acquisition, development, finance, leasing and related corporate governance matters. The course explores a practical understanding of legal principles from the perspective of real estate developers, construction companies, lenders, owners and investors while focusing on the following objectives: • Principles, Mechanisms and Conventions: The course will provide an overview of legal principles associated with real estate activities (the “What”), mechanisms by which the various legal principles may be implemented (the “How”) and conventions concerning the practical application of legal principles (the “Why”). • Issue Spotting: Students will develop an understanding of common legal themes that confront real estate professionals sufficient to enable them to identify and analyze critical issues before engaging the necessary legal or other real estate professionals necessary to tailor the final arrangements necessary to address the legal issues at hand. • Correlating Legal Risks: The course will promote a constructive approach to correlating legal risks within the prototypical legal enterprise – connecting possible and probable risks among a variety of real estate activities such as buying, selling, developing, financing and leasing associated with a variety of real estate products such as office buildings, shopping centers, residential buildings, hotels, industrial buildings and mixed-use projects.

Note: This Course Meets Online. Foundation requirement for Real Estate Students.

  • Course #: MPRE-601-201
  • CRN: 15448
  • Format: Online
  • Instructor: Pao, R.
  • Dates: Jun 26 – Aug 17, 2017

MPRE-714-40

Housing/Aff Housing

This course is designed to introduce students to the intricacies and nuances of residential multi-family development including affordable/low income housing and senior housing. The course will be taught from the perspective of the developer – identification of project risks, policy issues and governmental regulations and the financing environment. The developer must assemble the appropriate team with the skills needed to create a successful project for the benefit of the community as well as himself and his enterprise. Affordable/low income and senior housing both comes with its own set of stakeholders, consumers with different needs requiring different design solutions, and additional rules and regulations from local community, municipal and Federal involvement in these particular property types. Financing structures discussed will include traditional commercial bank financing, HUD/FHA insured financing, local agency soft debt and Low Income Housing Tax Credits. Upon successful completion of this course, students will know industry approaches and best practices of assembling and leading a team of professionals through the analysis, financing, acquisition, project approvals, design/development/construction, lease up and management of multifamily developments. Students will also be aware of and under the differences and nuances between the different product types that drives decisions on location, design, financing, construction, marketing and management.

  • Course #: MPRE-714-40
  • CRN: 15937
  • Format: On-campus
  • Instructors: Kiang, L. , Parker, E.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-775-201

Impact of Globalization on Real Estate

This course will introduce students to international real estate investment. Students will learn how to work with foreign investors in the United States, as well as gain a clear understanding of the motivations and cultural differences encountered by US investors investing overseas. The world of real estate investing is undergoing profound changes. Today 50% of all real estate transactions are cross-border. We will examine both the causes for these changes and their impact on the global economy. The course will be taught by real estate practitioners with extensive experience in global real estate fund management in major developed markets for institutional investors. Students will also explore how to evaluate emerging markets for opportunistic investors. Course Objectives * Recognize important differences between property markets in different countries. * Analyze the drivers of global capital flows and their impact on real estate. * Determine how global research can convert data into actionable information for decision making. * Analyze property market systems to suggest improvements for transparency, risk pricing and portfolio diversification. * Apply tested methodologies to perform an analysis for a developed or an emerging international market.

Note: This course meets online. Foundation course requirement for Real Estate students.

  • Course #: MPRE-775-201
  • CRN: 16070
  • Format: Online
  • Instructor: Casqueiro, E.
  • Dates: Jun 26 – Aug 17, 2017

MPRE-775-101

Impact of Globalization on Real Estate

This course will introduce students to international real estate investment. Students will learn how to work with foreign investors in the United States, as well as gain a clear understanding of the motivations and cultural differences encountered by US investors investing overseas. The world of real estate investing is undergoing profound changes. Today 50% of all real estate transactions are cross-border. We will examine both the causes for these changes and their impact on the global economy. The course will be taught by real estate practitioners with extensive experience in global real estate fund management in major developed markets for institutional investors. Students will also explore how to evaluate emerging markets for opportunistic investors. Course Objectives * Recognize important differences between property markets in different countries. * Analyze the drivers of global capital flows and their impact on real estate. * Determine how global research can convert data into actionable information for decision making. * Analyze property market systems to suggest improvements for transparency, risk pricing and portfolio diversification. * Apply tested methodologies to perform an analysis for a developed or an emerging international market.

Note: This course meets online. Foundation course requirement for Real Estate students.

  • Course #: MPRE-775-101
  • CRN: 16079
  • Format: Online
  • Instructor: Georg, D.
  • Dates: May 22 – Jul 15, 2017

MPRE-606-40

Internships in Real Estate

This Real Estate Internship class is designated to maximize the students experience and examine the potential opportunities and information to be derived from their internship. The course is designed to guide the students through academic discussion and application. Assignments will be geared to enhance the intern’s Real Estate knowledge with an emphasis on relevance and utilization. Text/Bibliography: Course will be supplemented by relevant articles obtains from periodicals, internet websites, trade publications and real estate professionals. Schedule of meetings with student: -Weekly 1 hour meetings or phone conferences. -Five 2 hour consultations with representatives of selective case study and staff representatives of an organization. Assignments/Nature of Research: Identify the scope of the internship than produce weekly e-journals to be discussed in required independent study conferences. Produce a resume incorporating internship experience. Exams/Papers: -Midterm – presentation describing the content of their internship. -Final Presentation – Overview of the internship detailing obtained knowledge, benefits and application towards a real estate career. A presentation to the class utilizing power point demonstrating an overview of the internship experience and acquired knowledge of the real estate industry.

Note: Current internship during semester required: Extensive documented academic activity and experiential learning outside class (minimum 20 hours/week) required.

  • Course #: MPRE-606-40
  • CRN: 15838
  • Format: On-campus
  • Instructor: Josephs, J.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-734-40

Real Estate Capital Markets

This class will serve as an Introduction to the Capital Markets. The class is designed for students with little previous knowledge or expertise in the subject. This elective course will focus upon the history, terminology and basic structures involved in the Real Estate Capital Markets. Students will exit the class with a general understanding of the Primary and Secondary Capital Markets, with a focus on debt and equity financing. Students will then be able to take knowledge of each asset type and structure and the types of financing that might be more appropriate to the students’ future needs. Students will review case studies and real life bond structures. Students will hear from market participants. Students will also learn about the ever changing regulatory environment and how it impacts financing alternatives. There will be guest lecturers who are experts in their specific areas of the capital markets. This class will serve as a baseline for the higher level Finance electives, allowing those instructors to jump into coursework with a heavier focus on modeling and execution strategy.

  • Course #: MPRE-734-40
  • CRN: 14061
  • Format: On-campus
  • Instructor: Shapiro, J.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-950-40

MPRE Capstone Project

The required Capstone Course marks the culmination of a student’s career in the Master of Professional Studies in Real Estate program, and the student’s transition from journeyman to advanced real estate professional. The Capstone Course offers the student the opportunity to explore a major real estate topic in significant depth and make a substantial contribution to knowledge in a selected sector of the real estate profession. Based upon previous courses and professional experience, the student formulates a Capstone Project topic. Under the tutelage of a senior real estate professional from Metropolitan Washington or beyond, the student researches the chosen topic, participates in any appropriate activities related to the topic, and produces a substantial work which constitutes a significant contribution to real estate knowledge. Because MPS/RE encompasses institutional, financial, legal, marketing, accounting, environmental, planning, design, engineering, and other disciplines, it is impossible to specify a single genre of Capstone Project, and the Capstone Project is thus defined chiefly by quality. With the fullest support of the entire MPS/RE program, the student has maximum freedom to pursue a real estate topic that embodies the very essence of the student’s professionalism, and should be one of the best pieces of work the student ever does. In addition to other requirements, students must earn a grade of "B" or higher in the Capstone course to qualify for graduation.

Note: Capstone proposals must be approved by course instructor before registering in the Capstone course. A grade of "B" or higher is needed to pass this course. Core requirement for MPS degree.

  • Course #: MPRE-950-40
  • CRN: 11848
  • Format: On-campus
  • Instructor: Cristiano, R.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-950-140

MPRE Capstone Project

The required Capstone Course marks the culmination of a student’s career in the Master of Professional Studies in Real Estate program, and the student’s transition from journeyman to advanced real estate professional. The Capstone Course offers the student the opportunity to explore a major real estate topic in significant depth and make a substantial contribution to knowledge in a selected sector of the real estate profession. Based upon previous courses and professional experience, the student formulates a Capstone Project topic. Under the tutelage of a senior real estate professional from Metropolitan Washington or beyond, the student researches the chosen topic, participates in any appropriate activities related to the topic, and produces a substantial work which constitutes a significant contribution to real estate knowledge. Because MPS/RE encompasses institutional, financial, legal, marketing, accounting, environmental, planning, design, engineering, and other disciplines, it is impossible to specify a single genre of Capstone Project, and the Capstone Project is thus defined chiefly by quality. With the fullest support of the entire MPS/RE program, the student has maximum freedom to pursue a real estate topic that embodies the very essence of the student’s professionalism, and should be one of the best pieces of work the student ever does. In addition to other requirements, students must earn a grade of "B" or higher in the Capstone course to qualify for graduation.

Note: This course meets online. Course Requirement for MPS degree. This course meets online. Capstone proposals must be approved by course instructor before registering in the Capstone course. A grade of "B" or higher is needed to pass this course.

  • Course #: MPRE-950-140
  • CRN: 16066
  • Format: Online
  • Instructor: Harding, E.
  • Dates: May 22 – Aug 20, 2017

MPRE-724-40

Real Estate Entrepreneurship

Real Estate Entrepreneurship is a course designed to explain and explore entrepreneurship in the context of the business of real estate. Utilizing the dynamic Washington, DC market as a backdrop, the course will use case studies, share experiences from accomplished guest speakers, and draw from the instructors’ first-hand understanding to immerse students in the when, where, how, and why of undertaking entrepreneurial endeavors. It discusses the theory and practice of entrepreneurship generally, the motives of entrepreneurs as compared with other business people, and the specific application of entrepreneurship to the real estate sector. The coursework will focus on the mechanics of putting together deals, creating real estate businesses, the constant need to “sell” as an entrepreneur, and paths to becoming an entrepreneur, with emphasis on the constant balancing act required in a start-up operation. At the conclusion of the course, students will have enhanced insight and skills to undertake an entrepreneurial real estate venture either now or at some future point in their careers.

Note: Additional 90 min. distance learning component required.

  • Course #: MPRE-724-40
  • CRN: 16072
  • Format: On-campus
  • Instructor: Gladney, C.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-800-40

Real Estate Financial Software

“Financial Modeling Software for Real Estate Analysis” builds on the skills and knowledge base that students developed in the Foundations of Real Estate Finance class. The student will learn how to build financial models for real estate development, investment, and lending using MS Excel and Argus. In addition, advanced financial concepts will be explored and discussed through the creation of these models.

Note: This course meets on Saturdays; 6 class meetings on the following dates: May 27, June 3, June 10, June 17, June, 24 and July 1.

  • Course #: MPRE-800-40
  • CRN: 12473
  • Format: On-campus
  • Instructor: Rajewski, R.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-717-40

Real Estate Investment Trusts (REITS)

The Real Estate Investment Trusts course presents comprehensive insight to this crucial area of real estate investment. The course touches on the origins of REITs in the 1960s, but mainly focuses on the structure and operation of current public REITs: how their acquisitions, dispositions, new developments and capital stack are determined and analyzed, how they adhere to the ‘company strategy,’ and how trends in the broader commercial real estate sector affect these companies, and their share prices. While REITs are the easiest, and certainly most liquid, way for individuals to own commercial real estate, no two REITs are alike. The REITs course, taught by Jonathan Morris, is based upon the experience of a real estate professional. Professor Morris served as an executive officer for several public and private REITs: Vice President & Director of Acquisitions for The Charles E. Smith Companies (which became Archstone-Smith, then was sold to Lehman Brothers and Tishman-Speyer); Vice President & Director of Acquisitions for Boston Properties, Inc. (NYSE: BXP); Executive Vice President and Chief Operating Officer for Government Property Investors,Inc., a private REIT sponsored by Brown Brothers Harriman. Step into the shoes of a seasoned REIT executive who acquired iconic Washington, D.C. assets such as Metropolitan Square, home of The Old Ebbitt Grill (for Boston Properties, NYSE: BXP); 100 East Pratt Street in Baltimore, Maryland and Riverfront Plaza towers, located on the banks of the James River in Richmond Virginia (both also for BXP).Using a new text written by the Vice President of Investor Relations for a public REIT, this course will include real time use of Twitter, the Wall Street Journal’s noted ‘The Property Report’ published each Wednesday in the INVESTING section along with current research reports from the nation’s leading REIT research analysts, with possibly a visit from a top analyst who follows the office and industrial sector. The goal, by semester end, is to be conversant with REIT nomenclature and structure and be able to decide whether any particular announced transaction by a public REIT is in keeping with its stated mission and also, whether it is accretive, dilutive, or earnings neutral. The course will include guest speakers from the industry along with a site visit to a related asset developed and/or acquired by a notable public REIT.

  • Course #: MPRE-717-40
  • CRN: 16073
  • Format: On-campus
  • Instructor: Morris, J.
  • Dates: May 22 – Aug 20, 2017
  • Class Meetings:

MPRE-735-101

Structuring Real Estate Investments: Equity, Debt and Ongoing Ownership

The Structured Finance Course examines how large commercial real estate financings are put together. The course will explore the evolution of the real estate finance transaction. Who the players were and who they are now. How have structures changed with the influence of Wall Street as a major player having entered the market in the early 90’s and the issues they faced during the credit crisis of late 2007? We will examine the options available and the problems currently facing both Borrowers and Lenders. The course will give a practical overview of how we finance the entire capital structure from senior loans to mezzanine tranches to equity. Guest lecturers, who are major forces in the business, will tell you their stories and impart their wisdom in this challenging time for structured finance. Upon completion of this course, students should have a full grasp of how deals are financed. As a result, the student should be an asset to their employer in this field. The course will include some lecturing, discussion and a significant amount of team projects designed to teach the student the anatomy of “the deal.” Class participation (20%), significant team projects including the creation of a finance memorandum, as well as specific research assignments to help train the real estate mind (30%), how well the professor feels you grasp the knowledge (20%), and a final examination (30%) will serve as the learning and assessment tools.

Note: This Course Meets Online.

  • Course #: MPRE-735-101
  • CRN: 15458
  • Format: Online
  • Instructor: Manley, A.
  • Dates: May 22 – Jul 15, 2017

MPRE-735-201

Structuring Real Estate Investments: Equity, Debt and Ongoing Ownership

The Structured Finance Course examines how large commercial real estate financings are put together. The course will explore the evolution of the real estate finance transaction. Who the players were and who they are now. How have structures changed with the influence of Wall Street as a major player having entered the market in the early 90’s and the issues they faced during the credit crisis of late 2007? We will examine the options available and the problems currently facing both Borrowers and Lenders. The course will give a practical overview of how we finance the entire capital structure from senior loans to mezzanine tranches to equity. Guest lecturers, who are major forces in the business, will tell you their stories and impart their wisdom in this challenging time for structured finance. Upon completion of this course, students should have a full grasp of how deals are financed. As a result, the student should be an asset to their employer in this field. The course will include some lecturing, discussion and a significant amount of team projects designed to teach the student the anatomy of “the deal.” Class participation (20%), significant team projects including the creation of a finance memorandum, as well as specific research assignments to help train the real estate mind (30%), how well the professor feels you grasp the knowledge (20%), and a final examination (30%) will serve as the learning and assessment tools.

  • Course #: MPRE-735-201
  • CRN: 15561
  • Format: Online
  • Instructor: Whitehurst, D.
  • Dates: Jun 26 – Aug 17, 2017

MPRE-752-201

Sustainable Dev & Construction

In today’s real estate environment owners, tenants, and jurisdictions are all asking how sustainability can be incorporated into new and existing buildings. Sustainable Development and Construction is a graduate level course which builds on the foundation of the Green Building and Construction Management courses, and allows students to understand the link between design, construction and ultimately building operations. The course will present how the design impacts the construction and operation of the building as they relate to sustainable practices. The course will cover, the impact of design decisions upon construction and operations, including cost benefit analysis of design decisions. We will examine sustainable construction practice and how it impacts on owners and tenants and leases. What state and local legislation is driving sustainable building construction and operations. Ethical considerations of sustainability practice in construction and operations.

Note: This Course Meets Online.


MPRE-752-101

Sustainable Dev & Construction

In today’s real estate environment owners, tenants, and jurisdictions are all asking how sustainability can be incorporated into new and existing buildings. Sustainable Development and Construction is a graduate level course which builds on the foundation of the Green Building and Construction Management courses, and allows students to understand the link between design, construction and ultimately building operations. The course will present how the design impacts the construction and operation of the building as they relate to sustainable practices. The course will cover, the impact of design decisions upon construction and operations, including cost benefit analysis of design decisions. We will examine sustainable construction practice and how it impacts on owners and tenants and leases. What state and local legislation is driving sustainable building construction and operations. Ethical considerations of sustainability practice in construction and operations.

Note: This Course Meets Online.

  • Course #: MPRE-752-101
  • CRN: 15457
  • Format: Online
  • Instructor: Connelly, K.
  • Dates: May 22 – Jul 15, 2017