Course Schedule for Spring 2017


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MPRE-712-01

Alternative Assets

We are all familiar with the traditional real estate asset classes – commercial, multi-family, retail, industrial. BORRR-ING!!! But what about those overlooked asset classes? Those “secret fishing holes” that institutional investors are only recently beginning to notice and realize that there’s “gold in them thar alternative sectors” (to mix metaphors)?! These are the new Income producing properties and they include seniors housing, student housing, specialty retail, self-storage, boutique apartment buildings and cell tower real estate. These Alternative Assets will be studied as individual investments and as part of a larger real estate portfolio. Disciplines that are germane to all asset classes, including due diligence, development and contract law, will be discussed and examined. For individual properties, long-term decisions regarding capital expenditures, refinancing, conversion and disposition, along with day-to-day decisions regarding leasing and marketing are exposed. Strategic decisions regarding the financing structure and capital expenditure programs (“capex”) of an investor’s real asset portfolio are also addressed. Institutional investors including private equity, hedge funds, endowments, insurance companies and pension funds will also be vetted. Throughout the course, renowned business school case studies will be taught and guest speakers that are professionals in these various industry segments will offer insight and share real life experiences. By the end of this course, the student will be able to determine the monetary value of any and all income producing properties for the benefit of the institutional investor. This will be accomplished after comparing and contrasting asset management strategies, increased valuation techniques (opportunistic investing and capex) and understanding ALL of the factors that go into determining cap rates.

  • Course #: MPRE-712-01
  • CRN: 32546
  • Format: On-campus
  • Instructor: Stewart, S.
  • Dates: Jan 11 – May 13, 2017
  • Class Meetings:

MPRE-727-01

Distressed Properties and Real Estate Workouts

Real estate companies, banks and investment firms face strategic challenges during rapidly changing economic cycles. This course will focus on strategies in analyzing markets, repositioning troubled assets/debt, cost control techniques and managing internal change and conflict during uncertain times. The course will incorporate lectures, class discussion, case studies and guest lecturers. The guest lecturers will include real estate transaction workout/bankruptcy attorneys, bankers, finance executives, real estate developers, market analysts and strategic planners. Topics include: • Evaluating financing sources and structures • Monetary and non-monetary loan default resolution • Developing an asset or portfolio plan • Purchasing and selling real estate in a credit constrained market • Bankruptcy and consensual workouts • Developing and implementing workout plans and alternative strategies • Evaluating your overall position within the market • Strategic planning in a rapidly changing economic environment

  • Course #: MPRE-727-01
  • CRN: 16673
  • Format: On-campus
  • Instructor: Price, S.
  • Dates: Jan 11 – May 14, 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: Prerequisites: see above

  • Course #: MPRE-600-01
  • CRN: 28304
  • Format: On-campus
  • Instructor: Grindall, B.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

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. Foundation course requirement for Real Estate students.

  • Course #: MPRE-702-201
  • CRN: 31949
  • Format: Online
  • Instructor: Voglmayr, K.
  • Dates: Mar 15 – May 08, 2017

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. Foundation course requirement for Real Estate students.

  • Course #: MPRE-702-101
  • CRN: 31948
  • Format: Online
  • Instructor: Voglmayr, K.
  • Dates: Jan 11 – Mar 05, 2017

MPRE-702-202

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: Foundation course requirement for Real Estate students.

  • Course #: MPRE-702-202
  • CRN: 32741
  • Format: Online
  • Instructor: Kiang, L.
  • Dates: Mar 15 – May 08, 2017

MPRE-702-01

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: Additional 150 distance learning requirement.

  • Course #: MPRE-702-01
  • CRN: 23219
  • Format: On-campus
  • Instructor: Friedman, B.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-500-103   Canceled

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. Should be taken in first two semesters. Minimum grade of "B" required to pass course.

  • Course #: MPRE-500-103
  • CRN: 30407
  • Format: Online
  • Instructor: TBD
  • Dates: Jan 11 – Mar 05, 2017

MPRE-500-201

Ethics in Action

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

Note: This course meets online. Core course requirement for Real Estate students. Should be taken in the first two semesters. Minimum grade of "B" required to pass course.


MPRE-500-10   Canceled

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.

  • Course #: MPRE-500-10
  • CRN: 33050
  • Format: On-campus
  • Instructor: TBD
  • Dates: Jan 11 – May 13, 2017
  • Class Meetings:

MPRE-500-104

Ethics in Action

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

Note: Core course requirement. Should be taken in first two semesters. Minimum grade of "B" required to pass course.

  • Course #: MPRE-500-104
  • CRN: 16415
  • Format: Online
  • Instructor: Cristiano, R.
  • Dates: Jan 11 – Mar 05, 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. Should be taken in first two semesters. Minimum grade of "B" required to pass course.


MPRE-500-101

Ethics in Action

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

Note: This course meets online. Core course requirement for Real Estate students. Should be taken in first two semesters. Minimum grade of "B" required to pass course.

  • Course #: MPRE-500-101
  • CRN: 30405
  • Format: Online
  • Instructor: Ways, H.
  • Dates: Jan 11 – Mar 05, 2017

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 course requirement. Should be taken in first two semesters. Minimum grade of "B" required to pass course.

  • Course #: MPRE-500-01
  • CRN: 16414
  • Format: On-campus
  • Instructor: Firschein, J.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-641-202   Canceled

Foundations of Real Estate Accounting

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

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

  • Course #: MPRE-641-202
  • CRN: 32545
  • Format: Online
  • Instructor: TBD
  • Dates: Mar 15 – May 08, 2017

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: 150 minute distance learning component required. Foundation course for the Real Estate major.

  • Course #: MPRE-641-01
  • CRN: 18706
  • Format: On-campus
  • Instructor: Dalkin, J.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-641-201

Foundations of Real Estate Accounting

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

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

  • Course #: MPRE-641-201
  • CRN: 30366
  • Format: Online
  • Instructor: Rudd, M.
  • Dates: Mar 15 – May 08, 2017

MPRE-641-102

Foundations of Real Estate Accounting

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

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

  • Course #: MPRE-641-102
  • CRN: 30413
  • Format: Online
  • Instructor: Rudd, M.
  • Dates: Jan 11 – Mar 05, 2017

MPRE-641-101

Foundations of Real Estate Accounting

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

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

  • Course #: MPRE-641-101
  • CRN: 30412
  • Format: Online
  • Instructor: Dalkin, J.
  • Dates: Jan 11 – Mar 05, 2017

MPRE-621-202

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 course requirement for Real Estate students.

  • Course #: MPRE-621-202
  • CRN: 30363
  • Format: Online
  • Instructor: Whitehurst, D.
  • Dates: Mar 15 – May 08, 2017

MPRE-621-201

Foundations of Real Estate Finance

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

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

  • Course #: MPRE-621-201
  • CRN: 30411
  • Format: Online
  • Instructor: Rajewski, R.
  • Dates: Mar 15 – May 08, 2017

MPRE-621-101

Foundations of Real Estate Finance

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

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

  • Course #: MPRE-621-101
  • CRN: 30410
  • Format: Online
  • Instructor: Hunter, M.
  • Dates: Jan 11 – Mar 05, 2017

MPRE-621-01

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 course for the Real Estate major.

  • Course #: MPRE-621-01
  • CRN: 23220
  • Format: On-campus
  • Instructor: Kiang, L.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

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 course for the Real Estate major.


MPRE-631-02

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 course for the Real Estate major.

  • Course #: MPRE-631-02
  • CRN: 18703
  • Format: On-campus
  • Instructors: Arnold, H. , Ferretti, A.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

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 course for the Real Estate major.

  • Course #: MPRE-631-01
  • CRN: 16420
  • Format: On-campus
  • Instructor: Bellas, D.
  • Dates: Jan 11 – May 14, 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 course requirement for Real Estate students.


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 course requirement for Real Estate students.

  • Course #: MPRE-631-201
  • CRN: 30365
  • Format: Online
  • Instructor: McCauley, M.
  • Dates: Mar 15 – May 08, 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 Foundation course requirement for Real estate students

  • Course #: MPRE-631-202
  • CRN: 32637
  • Format: Online
  • Instructor: Bellas, D.
  • Dates: Mar 15 – May 08, 2017

MPRE-631-102

Foundations of Real Estate Markets

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

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

  • Course #: MPRE-631-102
  • CRN: 33057
  • Format: Online
  • Instructor: Gladney, C.
  • Dates: Jan 11 – Mar 05, 2017

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 course for the Real Estate major.

  • Course #: MPRE-601-01
  • CRN: 18704
  • Format: On-campus
  • Instructor: Grindall, B.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

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 course for the Real Estate major.

  • Course #: MPRE-601-102
  • CRN: 30362
  • Format: Online
  • Instructor: Tibbs, E.
  • Dates: Jan 11 – Mar 05, 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: 30361
  • Format: Online
  • Instructor: Bray, K.
  • Dates: Jan 11 – Mar 05, 2017

MPRE-601-201

Foundations of Real Estate Law

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

Note: This course meets online. Foundation course for the Real Estate major.

  • Course #: MPRE-601-201
  • CRN: 30408
  • Format: Online
  • Instructor: Pao, R.
  • Dates: Mar 15 – May 08, 2017

MPRE-774-01

Global RE Transactions

  • Course #: MPRE-774-01
  • CRN: 33060
  • Format: On-campus
  • Instructor: Josephs, J.
  • Dates: Jan 11 – May 13, 2017
  • Class Meetings:

MPRE-775-102   Canceled

Impact of Globalization on Real Estate

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

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

  • Course #: MPRE-775-102
  • CRN: 32550
  • Format: Online
  • Instructor: TBD
  • Dates: Jan 11 – Mar 05, 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. Foundation course requirement for Real Estate students.

  • Course #: MPRE-775-201
  • CRN: 31954
  • Format: Online
  • Instructor: Casqueiro, E.
  • Dates: Mar 15 – May 08, 2017

MPRE-775-202   Canceled

Impact of Globalization on Real Estate

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

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

  • Course #: MPRE-775-202
  • CRN: 31955
  • Format: Online
  • Instructor: TBD
  • Dates: Mar 15 – May 08, 2017

MPRE-775-101

Impact of Globalization on Real Estate

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

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


MPRE-775-01   Canceled

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.

  • Course #: MPRE-775-01
  • CRN: 28679
  • Format: On-campus
  • Instructor: TBD
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

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: Extensive, documented academic activity and experiential learning outside of class (min 20 hours per week) is required. Current Internship during semester required.

  • Course #: MPRE-606-01
  • CRN: 28307
  • Format: On-campus
  • Instructor: Josephs, J.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-710-01

Leasing

This course will give students a broad overview of leases and their importance to commercial real estate. We will discuss the various roles that leases play in commercial real estate, and the differences and similarities between different types of leases. Students will learn to parse out the true and complete economic terms of a lease transaction in a manner that permits meaningful comparisons. We will review the various elements of commercial leases, placing particular emphasis on construction, pass-through of expenses, flexibility and exit strategies, options, and the effect of the current economic situation. Throughout, we will discuss the roles and motivations of the various players, and how competing interests reach agreement. Finally, through one or more guest speakers, we will hear how leases are interpreted in the real world on a day-to-day basis. Course Objectives: • Provide an understanding of leases as the economic underpinning of commercial real estate • Impart a working knowledge of a broad array of lease types • Teach students to analyze the full economic impact of a lease in a manner that facilitates comparisons across leases • Give students a full working knowledge of the key components of commercial leases and how they fit together • Explore the motivations, similar and dissimilar, of the parties (landlord, tenant, lender) and the usual compromise positions • Students will leave the course with the ability to read a commercial lease and understand and extract its key terms, and with an understanding of how those terms are put into practice

  • Course #: MPRE-710-01
  • CRN: 26999
  • Format: On-campus
  • Instructor: Hetchkop, M.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-804-01

Modeling/Optimizing Portfolios

This course will focus on two broad topics: (1) modeling an optimal portfolio composed entirely of real estate assets, and (2) modeling the real estate portion of a mixed-asset portfolio including stocks, bonds, and other assets. We will begin by learning how to implement Markowitz mean-variance optimization (MVO) and discussing various extensions of it, and then by investigating the strengths and weaknesses of several sources of data on historical real estate returns. We will then dive more deeply into modeling of critical issues in real estate portfolio management including: · expected total returns, both strategic (long-term) and tactical (near-term/cycle-adjusted) · income and capital appreciation components of total returns: core, value-add, and opportunistic strategies · volatilities, return smoothing, and risk-adjusted returns · correlations, both among segments of the real estate market and between real estate and other assets · beta, alpha, and the meaning of “diversification benefits” · the term structure of correlations, the term structure of volatilities, and the role of the investment horizon · taking advantage of “temporal diversification” between public and private real estate markets · liquidity, granularity, portfolio rebalancing, fund redemptions, and tactical re-allocations · tactical leveraging The course will close with a discussion of tools for risk management and hedging in real estate portfolios.

  • Course #: MPRE-804-01
  • CRN: 32551
  • Format: On-campus
  • Instructor: Case, B.
  • Dates: Jan 11 – May 13, 2017
  • Class Meetings:

MPRE-732-01

Real Estate Economics

This course applies economic analysis to the study of urban real estate markets. The goal of the course is for students to understand and apply economic principles to the analysis of real estate. The course provides an overview of real estate in the U.S. relative to other asset categories, and examines unique aspects of both residential and nonresidential property in urban markets. Among topics covered include growth of the urban core, determination of rent and vacancy, loan-product choice, property price indexes, and economics of the real estate cycle. The core course introduces concepts and techniques of economics that pertain to urban planners. The government’s role in the economics of cities and in development, national welfare and housing policies, public and private finance, and the cost-benefits associated with development are addressed. The course addresses state and regional economic policies that affect cities and regional economies, as well as finance, investment, fiscal resources and redevelopment initiatives. Real estate development case studies from a variety of innovative local projects in the Washington region are included in the course content. Previous coursework in economics is expected, preferably through intermediate economics, and familiarity with basic terms and concepts in economics. Calculus is not required, but a good understanding of algebra and comfort in interpreting graphs is important. Format is lecture with occasional guest speaker. Problem sets, case studies, tests, and class participation are included in grading.

Note: Cross listed with MPUP-530

  • Course #: MPRE-732-01
  • CRN: 32640
  • Format: On-campus
  • Instructor: Schuetz, J.
  • Dates: Jan 11 – May 13, 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. Core course requirement for Real Estate students. Minimum grade of "B" required to pass course. Capstone proposals must be approved by course instructor.

  • Course #: MPRE-950-101
  • CRN: 31956
  • Format: Online
  • Instructor: Harding, E.
  • Dates: Jan 11 – May 13, 2017

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: Core course for the Real Estate major. Minimum grade required to pass is "B". Capstone proposals must be approved by course instructor.

  • Course #: MPRE-950-01
  • CRN: 18728
  • Format: On-campus
  • Instructor: Mehrkam, N.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

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: Core course for the Real Estate major. Minimum grade to pass is "B". Capstone proposals must be approved by course instructor.

  • Course #: MPRE-950-02
  • CRN: 21378
  • Format: On-campus
  • Instructor: Williamson, G.
  • Dates: Jan 11 – May 14, 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: This course has a required 150 minute distance component attached to it.

  • Course #: MPRE-510-01
  • CRN: 26594
  • Format: On-campus
  • Instructors: King, J. , Lambinicio, G.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-901-01

MPRE Independent Study

The Independent Study course, MPRE 901, is designed to accommodate students who wish to pursue real estate-related academic endeavors which, in some manner, cannot readily covered by conventional MPS/RE courses. In appropriate circumstances, students doing internships may receive Independent Study credit for deliverables created in the course of their internship. Independent Study also provides flexibility for students who have been detailed to another city, are pursuing international real estate research, have a prolonged illness, and in similar situations. A student who wishes to take MPRE 901 should approach the MPS/RE Program Director as early as possible prior to the semester in which Independent Study is contemplated. The student must submit a brief proposal for the student’s Independent Study project, which the MPS/RE Program leaders must approve. In conjunction with other MPS/RE Faculty members as appropriate, the MPS/RE Program will determine the appropriate deliverables from the student, and will assign the most appropriate MPS/RE Faculty member for the project that the student proposes. A student may only take MPRE 901 once.

Note: This independent study can be taken only once. Requires permission by the RE program. Additional 150 minute distance learning requirement.

  • Course #: MPRE-901-01
  • CRN: 25131
  • Format: On-campus
  • Instructors: LeMense, J.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-786-01

Real Estate Investments

The Real Estate Investments course will prepare students for all aspects of making a leveraged income-producing real estate acquisition. Students will learn how to evaluate a project’s viability by learning how to perform a market analysis, create a detailed acquisition pro forma discounted cash flow, obtain and structure debt, hedge interest rate risk, raise and structure equity, equity returns and waterfalls, analyze various reversion options and perform basic tax analyses. Topics will include discounted cash flows, net present values, internal rates of return, acquisition and disposition sensitivity analyses and before- and after-tax cash flow analyses. Distressed debt and equity restructures will be introduced. The class structure will include lectures, back-of-the-envelope case studies, in-depth case studies, class discussion (participation required), readings, and guest speakers. Students will analyze actual, past and present investment and development opportunities.

  • Course #: MPRE-786-01
  • CRN: 25132
  • Format: On-campus
  • Instructors: Crossley, M. , Krantz, S.
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

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.

  • Course #: MPRE-735-01
  • CRN: 32547
  • Format: On-campus
  • Instructor: Mendelson, C.
  • Dates: Jan 11 – May 13, 2017
  • Class Meetings:

MPRE-735-102

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. Foundation course requirement for Real estate students.

  • Course #: MPRE-735-102
  • CRN: 32548
  • Format: Online
  • Instructor: Manley, A.
  • Dates: Jan 11 – Mar 05, 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. Foundation course requirement for Real Estate students.

  • Course #: MPRE-735-101
  • CRN: 31950
  • Format: Online
  • Instructor: Rajewski, R.
  • Dates: Jan 11 – Mar 05, 2017

MPRE-735-201

Structuring Real Estate Investments: Equity, Debt and Ongoing Ownership

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

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

  • Course #: MPRE-735-201
  • CRN: 31951
  • Format: Online
  • Instructor: Manley, A.
  • Dates: Mar 15 – May 08, 2017

MPRE-752-202

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. Foundation course requirement for Real estate students.


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. Foundation course requirements for Real Estate students.

  • Course #: MPRE-752-201
  • CRN: 31952
  • Format: Online
  • Instructor: Connelly, K.
  • Dates: Mar 15 – May 08, 2017

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. Foundation course requirement for Real Estate students.

  • Course #: MPRE-752-101
  • CRN: 30367
  • Format: Online
  • Instructor: Borchardt, D.
  • Dates: Jan 11 – Mar 05, 2017

MPRE-752-01   Canceled

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: Also listed as MPUP 602.

  • Course #: MPRE-752-01
  • CRN: 24198
  • Format: On-campus
  • Instructor: TBD
  • Dates: Jan 11 – May 14, 2017
  • Class Meetings:

MPRE-803-01

Urban Development Practicum

This seminar will utilize two scenario-based simulations to explore the interdisciplinary challenges of professional practice. Designed as a special course designed to bring real estate and urban planning students together, the course emphasizes collaborative interaction and game theory to simulate real-world decision making at the core of the community development process. Based on the pedagogical tools (Hines Competition and Urban Plan) as developed by the Urban Land Institute, students will engage in collaborative role playing in order to gain a better understanding for the trade-offs associated with land use and community development goals. Industry representatives will judge the work produced by individual students and group collaboration. Specifically the course provides students opportunities to gain and improve skills to: • conduct financial, social, market, and land use analyses within a development process; • communicate and collaborate with process participants; and • problem solve to craft proposals likely to serve public and private interests. To provide context to the workshop and projects, tools are presented for participants to evaluate, negotiate, and make decisions within the development process.

  • Course #: MPRE-803-01
  • CRN: 28319
  • Format: On-campus
  • Instructors: Lyons, D. , Vangenderen, S.
  • Dates: Jan 11 – May 13, 2017
  • Class Meetings: