Summer Intensives at the Fordham Real Estate Institute

Professional development is essential for many in today's competitive marketplace. But not everyone has the time to commit to semester-long courses and an entire advanced degree program. The intensive professional development courses held at the Fordham University Lincoln Center NYC Campus offer experienced industry professionals the opportunity to take select graduate REI courses as non-matriculated students.

Application and Registration
To enroll as a non-matriculated student, you will need to complete an abbreviated, online application. Select non-matriculated student type and provide the following:

  • Official transcript from a regionally accredited college or university which should indicate the conferral of a Bachelor’s degree
  • Resume
  • Application fee

The GMAT/GRE is not required for non-matriculated applicants and will be waived for those who would like to matriculate and have successfully completed six graduate credits with a minimum grade of B in each course.

Faculty

Intensive courses are taught by accomplished professionals from the real estate and construction industries. All are members of the adjunct faculty at the Fordham Real Estate Institute.

Location

The Real Estate Institute is located on Fordham’s Lincoln Center campus at West 60th Street—just west of Columbus Circle in the heart of midtown Manhattan.

Summer Intensive REI Courses

Global Real Estate Investment REAL6012
Mon. Tue. Wed. 9 a.m.-4:30 p.m., June 12-
14, 2023 (three in-class sessions).

This intensive program provides a comparative and critical approach to undertaking international real estate transactions, investments and development projects.  It aims to develop a framework for analyzing real estate investments across borders within specific markets. This course will focus on the macro-economy, financial and real estate capital markets, currency concerns, taxation, legal issues, land use policy, political activity, regulations and statutory requirements, and cross-cultural negotiations.  Current global topics will be used to anchor learning and be the basis for class discussions in this comparative analysis. 

At the end of this course, participants are expected to be able to:

  • identify the key risk and return factors of international real estate investment
  • identify prospective international investment opportunities
  • understand the steps of the analytical framework for looking at international investments
  • construct a comprehensive investment proposal for real estate located outside of the United States

Real Estate Finance and Investment REAL5002
Mon. Tue. Wed. Thu. 9 a.m.-5 p.m., July 10-13, 2023 (four in-class sessions with added asynchronous online content).

This intensive program provides the core concepts and specialized skills to evaluate income-producing properties, assess financing options, calculate investment returns, and ultimately, make informed real estate investment decisions. Using real-world applications, this program supports career advancement for both current and up-and-coming industry professionals who wish to analyze investment properties, structure commercial real estate transactions, and stay on top of the latest financing trends.

Core competencies covered:

  • Annual property operating statements; income, expenses, and net operating income
  • Real estate financial analysis; the multiyear pro forma income statement
  • Property valuation; direct capitalization and discounted cash flow
  • Real estate financial modeling techniques
  • Real estate capital markets; sources of debt and equity capital
  • Mortgage instruments, loan requests and loan underwriting
  • Private equity structures and the capital stack
  • Real estate pre-purchase due diligence
  • Real estate investment analysis

Real Estate Development Process REAL5104
Mon. Tue. Wed. Thu. 9 a.m.-5 p.m., July 17-20, 2023 (four in-class sessions with added asynchronous online content).

This intensive 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. 

Core competencies covered:

  • 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

Real Estate Financial Modeling REAL6001
Mon. Tue. Wed.  9 a.m.-4:30 p.m., July 24-26, 2023 (three in-class sessions).

Beginning with key real estate financial modeling terminology, common Excel keystrokes and basic real estate financial models, this intensive course progresses to more complex exercises to challenge critical thinking skills and to develop best practices. Students learn to employ Time Value of Money principles and Excel functions, tools, formulas, and shortcuts to arrive at real estate investment decisions. Students prepare income and expense models and amortization schedules while progressing forward to direct capitalization and discounted cash flow (DCF) analyses. Common financial ratios used in commercial real estate will also be discussed. The course will also emphasize effective presentation of data in Excel.

Learning outcomes include:

  • Applying Time Value of Money concepts 
  • Manipulating and interpreting key formulas in Excel
  • Developing a working real estate financial model, given a set of changing assumptions
  • Identifying essential modeling requirements for multifamily and commercial properties
  • Developing a multi-year financial model and determining levered and unlevered returns
  • Designing a financial model that is visually presentable for business purposes