This course teaches the fundamentals of real estate for all major property types and land uses. The course begins with a focus on real estate finance tools. Methods of using discounted cash flow analysis for income property, for-sale property, construction and permanent mortgage loans, joint venture structures, real estate investment trusts, and secondary markets are explored. Acquisition, management, and disposition of existing real estate assets are similarly explored. The course culminates in a study of the various stages of the development process, including site selection, market analysis, financial feasibility, design considerations, legal requirements, construction oversight, lease-up, operations, and ultimate property disposition. Teaching cases are designed to place students in decision-making situations commonly faced by real estate professionals. Optional review sessions focusing on real estate financial analysis will support the course.

Although this is a limited enrollment course, MRE students should enroll directly during the open enrollment period and not enter the Limited Enrollment Course Lottery.

Note regarding the Fall 2025 GSD academic calendar: The first day of classes, Tuesday, September 2nd, is held as a MONDAY schedule at the GSD. Courses that meet only on Tuesdays will meet for the first time on September 9th. Courses meet regularly otherwise. Please refer to the GSD academic calendar for additional details.