Course Schedule for Fall 2017


Show

MPRE-750-01

Construction Management

The core business of real estate development is the design, construction and delivery of buildings and improvements to real property. This course presents the fundamentals of (1) project delivery methods, (2) pre-construction services and contractor procurement, (3) field and project management processes, (4) construction materials, equipment and systems, (5) design and construction contracts, (6) technology tools, sustainability and trends in construction, and (7) ethical considerations.

Note: Distance component 150 minutes required.

  • Course #: MPRE-750-01
  • CRN: 18569
  • Format: On-campus
  • Instructor: O'Malley, M.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-600-01

Deal Lab

Course Description: “Deal Lab: Articulating Risk Within The Real Estate Enterprise” (“Deal Lab”) is an engaging and academically demanding course in which students learn to connect themes across the many multi-disciplinary components of the commercial real estate enterprise (including acquisition, development, finance, leasing and related ownership matters) in a realistic real estate development context. From a first-person perspective, students experience the challenging issues, complex trade-offs and deliberate risk taking calculations involved in tailoring realistic solutions to common problems found in commercial real estate development projects. Through Deal Lab, students develop the skill sets of identifying probable risks associated with managing a real estate project and articulating practical and legally relevant solutions to such risks. The goal of Deal Lab is to create a more sophisticated level of awareness by the students of the practical utility of the legal tools introduced in the Foundations of Real Estate Law curriculum and the financial analysis tools introduced in the Foundations of Real Estate Finance. Deal Lab expands students’ theoretical and academic understanding of legal principles to promote an ability to effectively use legal implements in the context of contract negotiation and litigation to deliver practical outcomes responsive to the demands of the development team and process.

Note: Course Description: “Deal Lab: Articulating Risk Within The Real Estate Enterprise” (“Deal Lab”) is an engaging and academically demanding course in which students learn to connect themes across the many multi-disciplinary components of the commercial real estate enterprise (including acquisition, development, finance, leasing and related ownership matters) in a realistic real estate development context. From a first-person perspective, students experience the challenging issues, complex trade-offs and deliberate risk taking calculations involved in tailoring realistic solutions to common problems found in commercial real estate development projects. Through Deal Lab, students develop the skill sets of identifying probable risks associated with managing a real estate project and articulating practical and legally relevant solutions to such risks. The goal of Deal Lab is to create a more sophisticated level of awareness by the students of the practical utility of the legal tools introduced in the Foundations of Real Estate Law curriculum and the financial analysis tools introduced in the Foundations of Real Estate Finance. Deal Lab expands students’ theoretical and academic understanding of legal principles to promote an ability to effectively use legal implements in the context of contract negotiation and litigation to deliver practical outcomes responsive to the demands of the development team and process.

  • Course #: MPRE-600-01
  • CRN: 31981
  • Format: On-campus
  • Instructor: Grindall, B.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

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: 30850
  • Format: Online
  • Instructor: Whitehurst, D.
  • Dates: Aug 30 – Oct 24, 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: 30810
  • Format: Online
  • Instructor: Voglmayr, K.
  • Dates: Oct 25 – Dec 20, 2017

MPRE-702-102

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-702-102
  • CRN: 33832
  • Format: Online
  • Instructor: Voglmayr, K.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-720-01

Due Diligence for Real Estate Development, Transactions, and Finance

Due Diligence: Commercial Real Estate Transactions course will provide an overview of what REITS, developers, investors and lenders require in terms of due diligence, permitting and underwriting for land and improvements for commercial transactions. From pre-contract through the due diligence and closing phases of the transaction the full array of checklist items will be examined through a technician’s perspective. Whether its acquisition of the fee, ground lease or securing debt, each step requires pre-closing due diligence: valuation, tax & flood certification, title search, title insurance, survey, zoning certification, property condition assessment, environmental phase analysis, comprehensive property and casualty insurance and more. You’ll learn how this array of pre-closing issues culminates in the escrow and closing phase of the commercial real estate deal. We will have guest speakers in the commercial real estate industry that will provide actual practical and transactional experience. The goal is for you to have a practical and working knowledge of (1) the framework of language necessary to understand and work in the due diligence process; and (2) what it takes to bring together and close a commercial real estate transaction.

Note: Due Diligence: Commercial Real Estate Transactions course will provide an overview of what REITS, developers, investors and lenders require in terms of due diligence, permitting and underwriting for land and improvements for commercial transactions. From pre-contract through the due diligence and closing phases of the transaction the full array of checklist items will be examined through a technician’s perspective. Whether its acquisition of the fee, ground lease or securing debt, each step requires pre-closing due diligence: valuation, tax & flood certification, title search, title insurance, survey, zoning certification, property condition assessment, environmental phase analysis, comprehensive property and casualty insurance and more. You’ll learn how this array of pre-closing issues culminates in the escrow and closing phase of the commercial real estate deal. We will have guest speakers in the commercial real estate industry that will provide actual practical and transactional experience. The goal is for you to have a practical and working knowledge of (1) the framework of language necessary to understand and work in the due diligence process; and (2) what it takes to bring together and close a commercial real estate transaction.

  • Course #: MPRE-720-01
  • CRN: 22869
  • Format: On-campus
  • Instructors: Cusick, K. , Price, S.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

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 requirement for Real Estate Students. Minimum grade of "B" is needed to pass.

  • Course #: MPRE-500-201
  • CRN: 28975
  • Format: Online
  • Instructor: Ways, H.
  • Dates: Oct 25 – Dec 20, 2017

MPRE-500-02

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 requirement for the MPS degree. Minimum grade of "B" needed to pass.

  • Course #: MPRE-500-02
  • CRN: 24594
  • Format: On-campus
  • Instructor: Firschein, J.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-500-01

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 requirement for Real Estate students. Minimum grade of "B" needed to pass. Distance component 150 minutes required.

  • Course #: MPRE-500-01
  • CRN: 22145
  • Format: On-campus
  • Instructor: Williamson, G.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

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 requirement for Real Estate Students. Minimum grade of "B" is needed to pass.

  • Course #: MPRE-500-101
  • CRN: 28974
  • Format: Online
  • Instructor: Thompson, P.
  • Dates: Aug 30 – Oct 24, 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. Minimum grade of "B" is needed to pass.


MPRE-500-202

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. Minimum grade of "B" is needed to pass.


MPRE-708-01

Hotels: Valuation/Tranactions

Class One - Review of overall Basics from Fall Semester and a preview of the spring curriculum including discussions of the semester project Class Two – Introduction to Asset Management: Learning the fiduciary responsibilities of managing hospitality assets. Reviewing management contracts from the view of an asset manager, benchmarking performance hurdles, capital improvement decisions. Class Three – Tour of Property through the eyes of an asset Manager. Possible hotels to tour would be St. Regis or W. Class Four - Detailed analysis of Hospitality financing. Blending together all of the hurdles needed to satisfy debt such as Debt Coverage, Loan to Value, Loan to Cost. For new construction (when the market returns) how to develop profomas that will coincide with appraisals of future value. Class Five – Hospitality finance continued. Detailed analysis of the capital stack. Particular emphasis on the brave new world of new IRR’s for equity and higher spreads on different stacks of debt. Possible guest speaker showing an actual case study from concept through construction. Class Six – Acquiring assets through debt. CMBS, Special Servicers, Receivers, FDIC etc. Class Seven-Valuations past and future trends. Guest Speaker Dan Lesser, head of Valuation for CBRE Hotels. Class Eight – Flags and Brands comparing and contrasting and how do you decide which is best for your property. Possible guest speaker Todd Repport of Morgans Hotels Class Nine – Resort and Golf course valuation and feasibility analysis. Class Ten – Negotiations in the Hospitality Industry, Part I Class Eleven– Negotiations in the Hospitality Industry, Part II, possibly including role playing.

  • Course #: MPRE-708-01
  • CRN: 33620
  • Format: On-campus
  • Instructor: Stewart, B.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-641-01

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: Distance component 150 minutes. Foundation requirement for RE majors.

  • Course #: MPRE-641-01
  • CRN: 22153
  • Format: On-campus
  • Instructor: Dalkin, J.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

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. Core course requirement for Real Estate Students.

  • Course #: MPRE-641-101
  • CRN: 28980
  • Format: Online
  • Instructor: Dalkin, J.
  • Dates: Aug 30 – Oct 24, 2017

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 course requirement for RE students,

  • Course #: MPRE-641-201
  • CRN: 30811
  • Format: Online
  • Instructor: Rudd, M.
  • Dates: Oct 25 – Dec 20, 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 for RE students.

  • Course #: MPRE-641-102
  • CRN: 31419
  • Format: Online
  • Instructor: Rudd, M.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-621-02

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 Major.

  • Course #: MPRE-621-02
  • CRN: 30844
  • Format: On-campus
  • Instructor: Cardman, T.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-621-01   Canceled

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 majors.

  • Course #: MPRE-621-01
  • CRN: 22147
  • Format: On-campus
  • Instructor: TBD
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

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. Core course requirement for Real Estate Students.

  • Course #: MPRE-621-201
  • CRN: 28979
  • Format: Online
  • Instructor: Kiang, L.
  • Dates: Oct 25 – Dec 20, 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. Core course requirement for Real Estate Students.

  • Course #: MPRE-621-101
  • CRN: 28978
  • Format: Online
  • Instructor: Rajewski, R.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-621-102

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 requirement for MPRE degree.

  • Course #: MPRE-621-102
  • CRN: 30841
  • Format: Online
  • Instructor: Hunter, M.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-631-202

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 Core course requirement for RE students

  • Course #: MPRE-631-202
  • CRN: 30812
  • Format: Online
  • Instructor: Arnold, H.
  • Dates: Oct 25 – Dec 20, 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 MPS in Real Estate students

  • Course #: MPRE-631-201
  • CRN: 30815
  • Format: Online
  • Instructor: Gladney, C.
  • Dates: Oct 25 – Dec 20, 2017

MPRE-631-02   Canceled

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 majors. Distance component 150 minutes required.

  • Course #: MPRE-631-02
  • CRN: 22152
  • Format: On-campus
  • Instructor: TBD
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

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 MPS in Project Management students

  • Course #: MPRE-631-101
  • CRN: 30814
  • Format: Online
  • Instructor: Bellas, D.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-631-01

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 majors.

  • Course #: MPRE-631-01
  • CRN: 22151
  • Format: On-campus
  • Instructor: Arnold, H.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-601-01

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: Foundation requirement for RE majors..

  • Course #: MPRE-601-01
  • CRN: 18553
  • Format: On-campus
  • Instructor: Grindall, B.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-601-202

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. Core course requirement for Real Estate Students.

  • Course #: MPRE-601-202
  • CRN: 28976
  • Format: Online
  • Instructor: Tibbs, E.
  • Dates: Oct 25 – Dec 20, 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 course for the Real Estate major.

  • Course #: MPRE-601-101
  • CRN: 32954
  • Format: Online
  • Instructor: Pao, R.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-601-102

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-601-102
  • CRN: 29368
  • Format: Online
  • Instructor: Toker, R.
  • Dates: Aug 30 – Oct 24, 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. Core course requirement for Real Estate Students.

  • Course #: MPRE-601-201
  • CRN: 28977
  • Format: Online
  • Instructor: Pao, R.
  • Dates: Oct 25 – Dec 20, 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.

  • Course #: MPRE-775-101
  • CRN: 30851
  • Format: Online
  • Instructor: Georg, D.
  • Dates: Aug 30 – Oct 24, 2017

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.

  • Course #: MPRE-775-201
  • CRN: 30852
  • Format: Online
  • Instructor: Casqueiro, E.
  • Dates: Oct 25 – Dec 20, 2017

MPRE-606-01

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-606-01
  • CRN: 28189
  • Format: On-campus
  • Instructor: Josephs, J.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-802-01

Negotiation

Overview: This course will cover approaches for managing differences between individuals and groups as seen through the lens of negotiation. Students will investigate models of negotiation decision-making. The goal of the course is to provide students both a conceptual and practical grasp of negotiating concepts which are applicable in their professional and personal lives. Principal focus will be on interest-based negotiation with consideration given to the psychological underpinnings of difficult conversations. This approach is now taught in business schools, law schools and school of public policy and widely taught as better business practice to profit and non-profit groups. It has also been the basis for resolving violent conflicts. Students will explore, through role exercises, two and multi-party negotiations. Focus will be both on the importance of substance and procedural considerations in complex negotiation. The conceptual framework is applicable in real estate negotiations as well as in other public policy and personal settings. Please Note: This course is based upon experiential learning. Thus a substantial amount of personal learning is accomplished through participation in and critique of class negotiation exercises. The value of the exercise is often dependent on the participation of your fellow students. Therefore, students should make every effort to attend all classes.

Note: Distance component 150 minutes required.

  • Course #: MPRE-802-01
  • CRN: 18579
  • Format: On-campus
  • Instructor: Field, C.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-700-01

Real Estate Development: Art and Science

Real Estate Development: Art and Science serves as a foundation course for the MPRE Development Track. However, it will also be of value to MPRE candidates focusing on other disciplines within the real estate profession, particularly the Finance and Construction Tracks. While intended as a survey course that introduces MPRE candidates to real estate development, the course also offers students an in-depth look at how development takes place from beginning to end. This course provides a comprehensive overview of the real estate development process. Value creation and return on investment are concepts weaved throughout the course. The course begins with an analysis of the development team members and their roles. Development team members include but are not limited to the developer, architect, engineer, leasing agent, leasing broker, construction and project manager, attorney, financial analyst, appraiser and lender. The development process overview then follows with topic coverage ranging from idea identification and site selection, through design, construction, leasing and property operations. After successful completion of this course, students will be able to discuss the development process, step by step. In addition, students will be able to identify the players and stakeholders involved in the development process, and the roles they play, both directly and indirectly. Students will be able to evaluate a land parcel which will include considering its highest and best use, developing a list of potential uses for the site, identifying zoning and entitlement requirements needed, designing project layouts, and creating basic proformas including sources and uses of cash, project value and investment returns. Students will develop project timelines, identify major milestones and consider risk management throughout the development process. Finally, students will be able to prepare a development proposal for submission to potential investors and lenders, along with an oral presentation of the proposal. 1.) Richard B. Peiser and David Hamilton, Professional Real Estate Development, The ULI Guide to the Business, Third Edition The Urban Land Institute, 2012 ISBN: 978-0-87420-163-5. 2.) Poorvu, William J. and Jeffrey L. Cruikshank, The Real Estate Game, The Free Press, A Division of Simon & Schuster, Inc., 1999, ISBN: 0-684-85550-X.

Note: Distance component 150 minutes required.

  • Course #: MPRE-700-01
  • CRN: 18564
  • Format: On-campus
  • Instructor: Kiang, L.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-950-101

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. 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-950-101
  • CRN: 32215
  • Format: Online
  • Instructor: Harding, E.
  • Dates: Aug 30 – Dec 20, 2017

MPRE-950-02

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: Distance component 150 minutes. MPS degree Core requirement Minimum grade of "B" needed to pass. Capstone proposals must be approved by course instructor before registering in the Capstone course.

  • Course #: MPRE-950-02
  • CRN: 22157
  • Format: On-campus
  • Instructor: Cristiano, R.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-950-01

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: Distance component 150 minutes. MPS degree Core requirement. Minimum grade of "B" needed to pass. Capstone proposals must be approved by course instructor before registering in the Capstone course.

  • Course #: MPRE-950-01
  • CRN: 22156
  • Format: On-campus
  • Instructor: Cristiano, R.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-724-01

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: Distance learning component of 150-minutes also required.

  • Course #: MPRE-724-01
  • CRN: 25726
  • Format: On-campus
  • Instructor: Gladney, C.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-510-01

Real Estate Fundamentals

This course concentrates on the fundamental details of income producing Commercial Real Estate in basic detail, focusing on the tools and processes required to make property evaluations and transaction decisions. It is intended to provide foundation level students with the real estate skills necessary to effectively keep pace and learn in elective courses; and to be effective real estate practitioners as program graduates. Topics which will be addressed in this course will include: • Cash Flow and P&L; deal analysis in Excel and with the HP 12c • Site Selection, location strategy and land value • Financing alternatives and leverage • Entitlements and the development process • Negotiation, transaction management and decision making • Disposition, consolidation, repositioning and financial restructuring • Brokerage and leasing • Plus the following concepts and techniques which support these topics: Absorption Inventory Vacancy Occupancy Availability Shadow Space Return Blnce Sheet Income Stmt Cash Flows DCS DCF IRR PV / NPV FV NOI OP-Ex Cap-Ex Cap Rate Discount Rate Lending Rate D/E Ratio Coverage LTV Debt Service Loan Const. Yield Multiple ROA ROI Margin USF/RSF/GA Coverage R FAR Residual Exit Strategy Expense Stop Base Year Gross Lease Net Lease IG Lease Ground Lease Rent Roll Stabilization Draw Retainage Take-out Commissioning Site Selection Due Diligence %age Rent Breakpoint Radius Limits Use Restriction The course will focus on exploring these concepts and techniques, with field examples and a negotiation exercise to illustrate abstractions; so they can be put into practice. Course topics are sequenced according to an owner/investor viewpoint property (Portfolio Management) lifecycle to generate a real estate development and investment fabric.The class is focuses on the capabilities necessary to be fundamentally effective in an income producing, commercial real estate business. Discussion will focus on office properties, however, residential, industrial and retail properties, and differences in their deal process will be referenced as well.

Note: Distance learning component of 150-minutes also required. Foundation requirement for Real Estate students, unless waived through passed fundamentals exam.

  • Course #: MPRE-510-01
  • CRN: 26990
  • Format: On-campus
  • Instructors: King, J. , Lambinicio, G.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-510-101

Real Estate Fundamentals

This course concentrates on the fundamental details of income producing Commercial Real Estate in basic detail, focusing on the tools and processes required to make property evaluations and transaction decisions. It is intended to provide foundation level students with the real estate skills necessary to effectively keep pace and learn in elective courses; and to be effective real estate practitioners as program graduates. Topics which will be addressed in this course will include: • Cash Flow and P&L; deal analysis in Excel and with the HP 12c • Site Selection, location strategy and land value • Financing alternatives and leverage • Entitlements and the development process • Negotiation, transaction management and decision making • Disposition, consolidation, repositioning and financial restructuring • Brokerage and leasing • Plus the following concepts and techniques which support these topics: Absorption Inventory Vacancy Occupancy Availability Shadow Space Return Blnce Sheet Income Stmt Cash Flows DCS DCF IRR PV / NPV FV NOI OP-Ex Cap-Ex Cap Rate Discount Rate Lending Rate D/E Ratio Coverage LTV Debt Service Loan Const. Yield Multiple ROA ROI Margin USF/RSF/GA Coverage R FAR Residual Exit Strategy Expense Stop Base Year Gross Lease Net Lease IG Lease Ground Lease Rent Roll Stabilization Draw Retainage Take-out Commissioning Site Selection Due Diligence %age Rent Breakpoint Radius Limits Use Restriction The course will focus on exploring these concepts and techniques, with field examples and a negotiation exercise to illustrate abstractions; so they can be put into practice. Course topics are sequenced according to an owner/investor viewpoint property (Portfolio Management) lifecycle to generate a real estate development and investment fabric.The class is focuses on the capabilities necessary to be fundamentally effective in an income producing, commercial real estate business. Discussion will focus on office properties, however, residential, industrial and retail properties, and differences in their deal process will be referenced as well.

Note: This course meets online. Course requirement for MPS degree, unless waived through passed Fundamentals exam.

  • Course #: MPRE-510-101
  • CRN: 32214
  • Format: Online
  • Instructor: Parker, E.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-510-201

Real Estate Fundamentals

This course concentrates on the fundamental details of income producing Commercial Real Estate in basic detail, focusing on the tools and processes required to make property evaluations and transaction decisions. It is intended to provide foundation level students with the real estate skills necessary to effectively keep pace and learn in elective courses; and to be effective real estate practitioners as program graduates. Topics which will be addressed in this course will include: • Cash Flow and P&L; deal analysis in Excel and with the HP 12c • Site Selection, location strategy and land value • Financing alternatives and leverage • Entitlements and the development process • Negotiation, transaction management and decision making • Disposition, consolidation, repositioning and financial restructuring • Brokerage and leasing • Plus the following concepts and techniques which support these topics: Absorption Inventory Vacancy Occupancy Availability Shadow Space Return Blnce Sheet Income Stmt Cash Flows DCS DCF IRR PV / NPV FV NOI OP-Ex Cap-Ex Cap Rate Discount Rate Lending Rate D/E Ratio Coverage LTV Debt Service Loan Const. Yield Multiple ROA ROI Margin USF/RSF/GA Coverage R FAR Residual Exit Strategy Expense Stop Base Year Gross Lease Net Lease IG Lease Ground Lease Rent Roll Stabilization Draw Retainage Take-out Commissioning Site Selection Due Diligence %age Rent Breakpoint Radius Limits Use Restriction The course will focus on exploring these concepts and techniques, with field examples and a negotiation exercise to illustrate abstractions; so they can be put into practice. Course topics are sequenced according to an owner/investor viewpoint property (Portfolio Management) lifecycle to generate a real estate development and investment fabric.The class is focuses on the capabilities necessary to be fundamentally effective in an income producing, commercial real estate business. Discussion will focus on office properties, however, residential, industrial and retail properties, and differences in their deal process will be referenced as well.

Note: This course meets online. Foundation requirement for Real Estate students, unless waived through passed Fundamentals exam.

  • Course #: MPRE-510-201
  • CRN: 32953
  • Format: Online
  • Instructor: Parker, E.
  • Dates: Oct 25 – Dec 20, 2017

MPRE-510-102

Real Estate Fundamentals

This course concentrates on the fundamental details of income producing Commercial Real Estate in basic detail, focusing on the tools and processes required to make property evaluations and transaction decisions. It is intended to provide foundation level students with the real estate skills necessary to effectively keep pace and learn in elective courses; and to be effective real estate practitioners as program graduates. Topics which will be addressed in this course will include: • Cash Flow and P&L; deal analysis in Excel and with the HP 12c • Site Selection, location strategy and land value • Financing alternatives and leverage • Entitlements and the development process • Negotiation, transaction management and decision making • Disposition, consolidation, repositioning and financial restructuring • Brokerage and leasing • Plus the following concepts and techniques which support these topics: Absorption Inventory Vacancy Occupancy Availability Shadow Space Return Blnce Sheet Income Stmt Cash Flows DCS DCF IRR PV / NPV FV NOI OP-Ex Cap-Ex Cap Rate Discount Rate Lending Rate D/E Ratio Coverage LTV Debt Service Loan Const. Yield Multiple ROA ROI Margin USF/RSF/GA Coverage R FAR Residual Exit Strategy Expense Stop Base Year Gross Lease Net Lease IG Lease Ground Lease Rent Roll Stabilization Draw Retainage Take-out Commissioning Site Selection Due Diligence %age Rent Breakpoint Radius Limits Use Restriction The course will focus on exploring these concepts and techniques, with field examples and a negotiation exercise to illustrate abstractions; so they can be put into practice. Course topics are sequenced according to an owner/investor viewpoint property (Portfolio Management) lifecycle to generate a real estate development and investment fabric.The class is focuses on the capabilities necessary to be fundamentally effective in an income producing, commercial real estate business. Discussion will focus on office properties, however, residential, industrial and retail properties, and differences in their deal process will be referenced as well.

Note: This course meets online. Course requirement for MPS degree, unless waived through passed Fundamentals course.

  • Course #: MPRE-510-102
  • CRN: 33814
  • Format: Online
  • Instructor: Bellas, D.
  • Dates: Aug 30 – Oct 24, 2017

MPRE-717-01

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-717-01
  • CRN: 32955
  • Format: On-campus
  • Instructor: Morris, J.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-736-01

Real Estate Portfolio Management

The management of institutional real estate funds has become increasingly sophisticated since the first fund was launched in the 1970s. This course will track the evolution of institutional read estate funds including open-end, closed end, separate accounts and other structures with core, value added and opportunistic strategies in the context of industry performance metrics and benchmarks. The course will cover all phases of the portfolio planning process, including: portfolio construction; investor relations; asset management; portfolio analysis and re-positioning; dispositions; and sourcing and executing suitable transactions. Lessons learned for managing portfolio volatility through market cycles will be highlighted as will the management of funds in a global investing environment. The course will include lectures, case studies and exercises, as well as guest presentations. Objectives 1. Understand the framework of the institutional real estate fund industry, including the investor universe and competitive landscape. 2. Learn about all phases of the the portfolio planning process from portfolio construction to execution of portfolio strategies. 3. Analyze real estate portfolios to determine priorities and action plans. 4. Identify the potential impact of the market cycle and steps that can be taken to reduce portfolio volatility. 5. Explore the effect of increasing globalization of the capital markets on real estate funds and its impact on the structuring and staffing of portfolios.

Note: The management of institutional real estate funds has become increasingly sophisticated since the first fund was launched in the 1970s. This course will track the evolution of institutional read estate funds including open-end, closed end, separate accounts and other structures with core, value added and opportunistic strategies in the context of industry performance metrics and benchmarks. The course will cover all phases of the portfolio planning process, including: portfolio construction; investor relations; asset management; portfolio analysis and re-positioning; dispositions; and sourcing and executing suitable transactions. Lessons learned for managing portfolio volatility through market cycles will be highlighted as will the management of funds in a global investing environment. The course will include lectures, case studies and exercises, as well as guest presentations. Objectives 1. Understand the framework of the institutional real estate fund industry, including the investor universe and competitive landscape. 2. Learn about all phases of the the portfolio planning process from portfolio construction to execution of portfolio strategies. 3. Analyze real estate portfolios to determine priorities and action plans. 4. Identify the potential impact of the market cycle and steps that can be taken to reduce portfolio volatility. 5. Explore the effect of increasing globalization of the capital markets on real estate funds and its impact on the structuring and staffing of portfolios.

  • Course #: MPRE-736-01
  • CRN: 31424
  • Format: On-campus
  • Instructors: Cardman, T. , Manley, A.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-784-62

Exploring Opportunities in Europe

This course offers an intense exploration of European real estate opportunities focused around the 2016 Expo Real conference to be held in Munich, Germany from Tuesday, October 4th to Wednesday, October 5th. Expo Real (exporeal.net) annually attracts 37,000 real estate practitioners including developers, advisors, investors and lenders from established and emerging global markets. Students will leave Washington, DC on Sunday evening October 2 and return on Sunday, October 9. In addition to Munich, students will visit projects and meet with developers and investors in Warsaw and Berlin. Students will earn 3 course credits. The course will begin with two planning and preparation classes on September 6 and September 20 to review European markets and development trends, select a topic, and target firms and individuals to meet during the Expo and subsequent site visits. After returning from Europe, students will meet for two more classes to prepare (October 18) and offer presentations (November 15) on their chosen topics. Course grading for each student will be based on his or her final presentation including how well the student researched and explored the topic, used the resources provided, and summarized his or her findings for the class. In addition to standard tuition, there will be a fee to cover the cost of travel and accommodation (including that of the professor), estimated at $3,100. Registration requires approval from the MPRE Program. Required travel and fees connected to this course are mandatory and not refundable. The course will be co-taught by Glenn Williamson, Faculty Director, and Dietmar Georg, Adjunct Faculty. Georg has 30+ years of experience in cross-border real estate investment and is a founding partner of GLL Real Estate Partners GmbH, headquartered in Munich with over $7 billion in assets under management in markets across the globe. Williamson has carried out projects in Central and Eastern Europe since 1994 as a developer, broker and real estate advisor. He recently published a memoir, Inside Out, about his experiences developing a Class A office and retail center in St. Petersburg, Russia.

Note: Registration requires special approval from the RE advising office. Required travel and fees connected to this course are mandatory and not refundable. Classes will meet at Georgetown Dowtown on TBA and in Germany TBA.


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.

Note: This course meets online

  • Course #: MPRE-735-201
  • CRN: 30808
  • Format: Online
  • Instructor: Rajewski, R.
  • Dates: Oct 25 – Dec 20, 2017

MPRE-735-01

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: Additional 150 minute distance learning required.

  • Course #: MPRE-735-01
  • CRN: 26003
  • Format: On-campus
  • Instructor: Balestrieri, A.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-735-202

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-735-202
  • CRN: 33831
  • Format: Online
  • Instructor: Whitehurst, D.
  • Dates: Oct 25 – Dec 20, 2017

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: 30809
  • Format: Online
  • Instructor: Manley, A.
  • Dates: Aug 30 – Oct 24, 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-752-102

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


MPRE-742-01   Canceled

Taxation & Real Estate: The Ins & Outs

Real estate is very tax-driven. Knowing some of the details of taxation and real estate--"the ins and outs," is a must-have ingredient for success in most real estate professions. Every transaction involves taxes. This course is designed to give an overview of tax incentives and real estate tax concepts. It will deal with low-income housing, historic, and new markets tax credits, as well as combinations thereof. The course will also include partnership taxation, C and S Corp fundamentals, 1031 exchanges, taxing on foreign investments, REIT rules and concepts, and depreciation concepts.

Note: Real estate is very tax-driven. Knowing some of the details of taxation and real estate--"the ins and outs," is a must-have ingredient for success in most real estate professions. Every transaction involves taxes. This course is designed to give an overview of tax incentives and real estate tax concepts. It will deal with low-income housing, historic, and new markets tax credits, as well as combinations thereof. The course will also include partnership taxation, C and S Corp fundamentals, 1031 exchanges, taxing on foreign investments, REIT rules and concepts, and depreciation concepts.

  • Course #: MPRE-742-01
  • CRN: 27893
  • Format: On-campus
  • Instructor:
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-723-01

Urban Real Estate Development

Today’s most relevant and thought-provoking projects are urban retail / mixed use / transit-oriented projects like Hines’ CityCenter, Forest City’s Yards, JBG’s Atlantic Plumbing, and PN Hoffman’s Wharf. This course studies their concept and execution. By semester’s end, the student will have been exposed to the most important terms likely to be encountered in development. Students are first introduced to the development sequence common to suburban retail centers and also to mixed use projects that include retail: • Concept Plan • Tenant Mix • Financing – Equity • Market Analysis / Site Selection • Site Control: Option Contracts / Assembly / Due Diligence • Site Layout / Design • Leasing: Financial / Operating Covenants • Zoning / Entitlement – Use / Density • Financing - Debt • Construction / Delivery Succeeding topics include densification through planned unit developments and zoning battles (which I also teach at ICSC’s University of Shopping Centers). Students walk the neighborhoods we examine in the classroom, and they study both successful projects like Bethesda Row and challenged projects like those in Friendship Heights. On occasion, guest speakers from, e.g., Federal Realty, Hines, JBG, offer insights on how they overcame challenges to their developments. The course is tied together by a case study based on hypothetical redevelopment of the famed 9:30 Club at 9th and V, between Logan Circle and Howard University. The Club is adjacent to JBG’s Atlantic Plumbing and the Shay, which serve as models. Development pro formas are created and modified as the hypothetical project moves from concept through construction.

Note: Today’s most relevant and thought-provoking projects are urban retail / mixed use / transit-oriented projects like Hines’ CityCenter, Forest City’s Yards, JBG’s Atlantic Plumbing, and PN Hoffman’s Wharf. This course studies their concept and execution. By semester’s end, the student will have been exposed to the most important terms likely to be encountered in development. Students are first introduced to the development sequence common to suburban retail centers and also to mixed use projects that include retail: • Concept Plan • Tenant Mix • Financing – Equity • Market Analysis / Site Selection • Site Control: Option Contracts / Assembly / Due Diligence • Site Layout / Design • Leasing: Financial / Operating Covenants • Zoning / Entitlement – Use / Density • Financing - Debt • Construction / Delivery Succeeding topics include densification through planned unit developments and zoning battles (which I also teach at ICSC’s University of Shopping Centers). Students walk the neighborhoods we examine in the classroom, and they study both successful projects like Bethesda Row and challenged projects like those in Friendship Heights. On occasion, guest speakers from, e.g., Federal Realty, Hines, JBG, offer insights on how they overcame challenges to their developments. The course is tied together by a case study based on hypothetical redevelopment of the famed 9:30 Club at 9th and V, between Logan Circle and Howard University. The Club is adjacent to JBG’s Atlantic Plumbing and the Shay, which serve as models. Development pro formas are created and modified as the hypothetical project moves from concept through construction.

  • Course #: MPRE-723-01
  • CRN: 22154
  • Format: On-campus
  • Instructor: Bush, M.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings:

MPRE-713-01

Why Architecture Matters

Note: Cross-listed with MPUP 704.

  • Course #: MPRE-713-01
  • CRN: 33828
  • Format: On-campus
  • Instructor: Marefat, M.
  • Dates: Aug 30 – Dec 20, 2017
  • Class Meetings: