This certificate program examines the interdisciplinary, high-stakes nature of real estate development and the mix of specialized analytical, financial, and organizational skills needed for successful project completion. Participants in this program gain an understanding of a range of activities including site acquisition, market and feasibility analysis, finance, design, construction and asset management through the study of the development and redevelopment of multifamily, office, and mixed-use properties. This program supports career advancement for both current and up-and-coming industry professionals.
Core competencies covered:
- Real estate financial analysis and property valuation
- Real estate development project life cycle and stakeholders
- Market, competitive, and property location analysis
- Site selection and highest and best use analysis
- Entitlement process and public-private partnerships
- Marketability analysis and design considerations
- Project budgets and feasibility analysis
- Construction loans, interest carry, and draw requests
- Lender relationship management and the permanent take out loan
- Project delivery; budget, cost, and financial progression analysis and control
- Property management and asset stabilization
This certificate credential is issued to students who successfully complete the following two intensives.
Real Estate Finance and Investment Intensive: Financial Analysis | REFI-1010/$1,495
Mon.- Thurs. 9 a.m. - 4:30 p.m., July 6-9, 2020 (four sessions).
This intensive, four-day course provides the essential concepts and foundations of commercial real estate financial analysis, asset valuation, and investment analysis. Through real-world applications, acquire the skills to develop a property operating statement, determine net operating income (NOI), and apply capitalization rates to estimate property value. Progress to a multi-year cash flow forecast – the pro forma income statement - in order to estimate asset value and investment returns over the duration of a hold period. Topics covered include real estate investment principles; real estate valuation; lease types; financial modeling concepts and techniques using MS Excel; income and expenses; net operating income (NOI); capitalization rates; direct capitalization; time value of money; present value (PV); future value (FV); net present value (NPV); internal rate of return (IRR); discount rates; before-tax-cash-flow; after-tax-cash-flow; and pre-purchase investment property due diligence. This intensive course uses MS Excel software. Students should have a basic understanding of Excel prior to this course.
Real Estate Development Intensive | REDV-1020/$1,495
Mon.-Thurs. 9 a.m. - 4:30 p.m., July 20-23, 2020 (four sessions).
Through a step-by-step examination of the project life cycle, gain a comprehensive understanding of the phases, procedures, and complexities of developing and redeveloping various property types including multifamily, office and mixed-use real estate. Topics covered include an overview of the real estate development process, assembling the team, project stakeholders, market analysis and site selection, land use, regulatory environment, entitlements, public private partnerships, environmental review, marketability and design considerations, hard- and soft-cost budgets, project pro forma, feasibility study, the raising of equity, interim and permanent financing, construction considerations for the owner, marketing, leasing, property stabilization, and management.