Curriculum & Courses
I. Foundational Ethics (3 credit hours)
Your first class will be Foundational Ethics.
This course introduces students to some of the major positions in normative ethics with special emphasis on the role of ethical reasoning and practice in professional contexts. Through diligent preparation and participation in this class, students should expect to sharpen their critical reading, writing and oral skills so that they are not only comfortable with discussing the problems introduced in class, but are capable of doing informed, critical reasoning about current issues in ethics. As a results, students should come to have a better sense of the nature of key ethical problems and how they can be responsibly confronted. (3 credit hours)
II. Concentration courses (24 credit hours)
The following eight courses fulfill the 24-credit hour concentration requirements.
This course introduces students to the various professional roles and responsibilities of the developer, and the stages and elements of real estate development process. The course introduces and reinforces market data research analysis and applicable presentation skills. Students are expected to devise and present a professional market analysis. Site selection analysis through synthesis of market drivers and supply-demand analysis is introduced and reinforced. Net present value and discounted cash flow financial analyses are introduced. Emphasis is placed on market analysis core concept reinforcement with application to different types of projects. (3 credit hours)
Designed to provide skills necessary to analyze the financial viability of real estate investment opportunities, this course provides processes by which to conduct a financial feasibility study. It emphasizes the basics in markets, return and leverage on investments, and relationships between real estate and capital markets. (3 credit hours)
This course examines the nexus of real estate and the capital markets by addressing the structure and operation of the private and public enterprises, debt and equity real estate capital markets, as well as derivative markets that involve real estate. (3 hours)
This course explores the methods of calculating the value of real estate, depending on its purpose for use and/or the reason for the valuation. The course addresses the perspectives of both the buyer and the seller. (3 hours)
The course covers pre-development processes such as surveys, conceptual site planning, site engineering, environmental, land use, and conceptual building design. The course naturally transitions into basic construction principles, building materials and systems, and the processes by which projects are designed and delivered. (3 hours)
This course presents real estate development project management principles and methods, project progression and life cycles, and risk identification and management. (3 hours)
This course covers the basics of real estate law and contracts associated with the development process. Topics covered include negotiating and documenting the development process from site acquisition, land use, permitting, construction, leasing, to developing an exit strategy. Emphasis will be placed on viewing the development process as a whole and discussing relevant legal aspects for project execution and completion. (3 hours)
This course covers the basics of real estate development in projects using sustainable design and construction methods. Topics covered include basic sustainable design principles, analysis of and remediation of contaminated sites, and the planning, procurement, and management processes in a sustainable development project. (3 hours)
III. Capstone experience
The Capstone is the culminating course in this program. You may select one of the following options.
In collaboration with an industry mentor/sponsor, students will develop a project plan that substantiates and affirms the need within the fields of real estate development and construction management and provides suggestions for resolution of an existing project concern. This project may be corporate-specific or industry-generic. This project plan will include, but not be limited to, a business plan, those to be involved in the project, the budget and financial implications, the integrated marketing plan, an operational plan, an implementation timeline, and a process for assessing the success for the project plan. This project plan will be presented to industry leaders, either within the corporate-specific organization, or a panel of leaders within the industry. Industry leaders, in collaboration with respective faculty, will evaluate the proposed project plan and determine the level of success in developing the plan. (3 credit hours)
Students will investigate and prepare a white paper that will bring value to the real estate development and construction management industry. Students must work collaboratively with a respected journal within the industry to determine the value of their projected investigational topic. The final project must involve a thorough review of the selected journal, as well as others similarly respected in the field, to avoid duplication, replication, and the potential for plagiarism. While the final work does not need to be published, it must be submitted for publication. It is important for students to recognize the differences between a white paper and a technical piece of writing. (3 hours)
Students will participate in an eight-week field experience during the final course, the Capstone Experience. They may complete this experience with any industry in their concentration. There must be a mentor at the site who has the industry and sufficient time to devote to the student during his/her experience. The field experience is a minimum of 160 hours. These 160 hours may be divided throughout the Field Experience in a manner that meets both the industry's and the student's needs. During this time, the student will participate in meetings, planning sessions, critical events, strategic thinking, projects, networking opportunities and outreach. Students will be expected to maintain a critical events journal, write four analytic essays as they relate to the experience, and to produce a final reflection paper describing the alignment of the experience with the field experience itself.. (3 hours)