ACADEMICS
Principles of Real Estate Development
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Course Description
This course introduces the basics of real estate development. Throughout the semester students will understand the role that a developer of real estate undertakes to transform an idea into constructed project. Other topics addressed include community planning, entitlements, market analysis, design, budgeting and financing, 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.
Fall Semester
Provides students with an introduction to real estate development including market analysis, site development and the funding/financing of real estate development projects. Throughout the semester students will gain an understanding of the role that a developer of real estate undertakes to transform an idea into constructed project. Students participate under a team-oriented format and are asked to resolve a real-world real estate development opportunity.
Spring Semester
We team with the Triangle Chapter of the Urban Land Institute to offer a project-based learning seminar that enables students to take on roles and form teams in response to a Request for Proposals. Students must reconcile competing agendas, consider tradeoffs and craft well designed, market-responsive, and sustainable development strategies. Students generate a financial pro forma and physical model of their proposal and presents their results to a mock City Council.