For questions about courses or enrollment, contact Sarah Brewer at sbrewer@ncsu.edu.

RED 501: Principles of Real Estate Development

• Instructors Imran Aukhil, MBA, MArch, and Adam Walters, PLA, ASLA, ISA
• Mondays, 6 – 8:45 pm
• Sections RED 501.001/LAR 582.009/ARC 590.009

This course introduces the foundations of real estate development and will introduce students to market analysis, capital markets, site development, pro forma, and the funding of real estate development projects. Throughout the semester, students will learn to understand, explain, analyze, and play the role that a developer of real estate undertakes to transform an idea into a constructed project. Other topics addressed include community planning, entitlements, design, construction, and asset management. A variety of real estate development projects are explored during the semester, including residential, retail, office, hospitality, industrial, and mixed-use.

RED 522: Real Estate Site Design and Development

• Instructor TBD
• Tuesdays, 6 – 8:45 pm
• Section RED 522.001

This course provides students with an overview of the site design development process, integrating disciplines of landscape architecture and civil engineering, as well as transportation, water resources, environmental, geotechnical, and construction. Emphasizing the importance of innovative and iterative design thinking, this course examines the role of the developer as the project designer and their role in leading, managing, and collaborating with a design team, construction team, and project stakeholders to implement real estate development. Students will assume the role of lead site designer for a development company and be responsible for managing key elements of a specific project.

RED 541: Real Estate Law

• Instructor Mack Paul, JD
• Thursdays, 6 – 8:45 pm
• Section RED 541.001

This course will introduce students to local and state legal concepts that are relevant in real estate law and familiarize students with terminology, concepts and procedures. Although the primary focus will be land use and entitlement, the course will also cover other areas of law and policy relevant to urban planning, including real estate law, Constitutional law, environmental law, contract law, and administrative law.

RED 542: Applied Real Estate Economics

• Instructor Jason Kogok
• Mondays + Wednesdays, 11:45 am – 1 pm
• Section RED 542.001

This comprehensive course offers an in-depth exploration of real estate investing, finance, and economics, with a strong focus on commercial real estate and its unique financial structures & economic inputs. Dive into the essentials of analyzing cash flow statements, including capital expenditures (CapEx) and depreciation, and learn to navigate traditional and alternative loan types. Key topics include tax strategies, debt & equity markets, opportunity costs, and a host of other important economic factors involved in all real estate asset classes. Gain insight into financing methods as well as understanding the basic financial metrics like Net Operating Income (NOI), Capitalization Rate (Cap Rate), Return on Investment (ROI), Internal Rate of Return (IRR), Yield on Cost (YOC) and other variables. You will also be introduced to topics in residential real estate to serve as a knowledge base as you transition into the commercial real estate genre. Special guest speakers and industry leaders in real estate will provide valuable insights on many topics, and give real-world case studies and applications to further the lessons. This course will equip you with the essential practical skills, strategies, and economic frameworks needed for success in both residential and commercial real estate ventures. Students are required to complete assigned readings and assignments and come to class prepared to engage in lively conversation about the topics at hand.

RED 544: Housing, Culture, Policy + Production

• Instructor Thomas Barrie, FAIA
• Thursdays, 1:30 – 4:15 pm
• Sections RED 544.001/ARC 590.001

This course critically examines and analyzes North American cultural, political, and economic contexts and current trends in land-use planning, housing policy, and production methods. The intersecting complex systems of housing are explicated through historical cultural contexts, dominant zoning, finance and production systems, contemporary reforms, alternative housing and ownership types, and leading-edge fabrication and construction technologies and methods. Each week has a particular focus, which is addressed by readings, lectures, and discussions.

RED 590: Real Estate Market and Data Analytics

• Instructor Alyson Bode, CRE
• Mondays, 1:30 – 4:15 pm
• Section RED 590.005

This class focuses on the beginning stages of real estate project development, covering data analytics and methodologies of real estate market analysis, economic trends, and demographic indicators within the development process.