Real Estate Development in NYC

July 20-24, 2026 Rose Hill*

Non-Credit Course

*If you have previously taken or plan on taking a Real Estate Development course at another institution, please contact us with the program's details prior to submitting your application.

Gain an 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. Students will have the opportunity to see concepts in practice as we take site visits.

Skills/Learning Outcomes

The objectives of this course are to help you to:

  • Understand the development process from beginning to end, as well as the basics of value creation in real estate.
  • Understand the roles of the development team members, the key components of the development sequence, and the relative importance and interrelationships among these elements.
  • Gain familiarity with the functional skills necessary to evaluate the feasibility of real estate projects, navigate development challenges, and make informed decisions from start through completion of a real estate development project.

Course Schedule

    • Introductions
    • History of Real Estate
    • Overview of the Real Estate Development Process: The Team, Market Analysis
    • Site Selection
    • Land Use
    • Regulatory Environment
    • Entitlements
    • Design & Construction Considerations
    • Project Feasibility Studies
    • Architects and Construction Management, Hard and Soft Cost Budgeting
    • Financial Pro Forma
    • Raising Funds to do the Project
    • Interim and Permanent Financing
    • Public Private Partnerships
    • Environmental Review and Sustainability Considerations
    • Marketability and Marketing
    • Site Visits
    • Leasing
    • Property Stabilization and Management
    • Site Visits
    • Public Private Partnerships
    • Environmental Review and Sustainability Considerations
    • Marketability and Marketing
    • Leasing
    • Property Stabilization and Management
    • Project presentations during the afternoon session
    • Final presentations

Instructor Bio

Stephen Soler

With over 25 years of expertise in managing complex real estate transactions from initial concept to completion, Stephen Soler brings a wealth of knowledge to every stage of the real estate process. His experience spans from straightforward residential mortgage applications to intricate tax credit syndications and non-rated tax-exempt bond issuances. Skilled in coordinating multi-tiered real estate development, he has also led political strategy, crafted comprehensive business plans, and arranged sophisticated financings through both public and private sources, all while executing ambitious development projects.

As Managing Director at Stockbridge Realty Advisors, LLC, he has overseen numerous projects since 2012. In addition, his commitment to education and industry development is evident in his teaching roles at Fordham University, NYU, and Baruch College, where he has taught for over a decade. His areas of specialty include financing for complex transactions and transforming brownfield properties into sustainable developments, sharing with students and clients alike a practical, solutions-oriented approach to real estate and sustainable urban development.

Course Details

Real Estate Development in NYC
July 20-24, 2026, 9:30 a.m.-3:30 p.m.
Rose Hill Campus
Instructor: Stephen Soler

Course Number: SULA 0130 RN3
CRN: 16480

This non-credit course is open to high school students only.

Tuition

Residential: $2,086.00
Tuition for the residential program includes the course, course materials, housing, meals, and excursions in and outside of class. Move-in is Sunday afternoon, the day before classes begin. Please click here for a more detailed calendar of important dates.

Commuter: $1,418.00
Tuition for commuters includes the course, course materials, lunches, and excursions in and outside of class. Additional meals are available on a pay-as-you-go basis.

Students may wish to bring funds for incidentals, shopping at the Fordham Bookstore, souvenirs, and any personal items they wish to purchase.

 

Apply

Application deadlines:

Course and housing: May 1, 2026; course only: May 15, 2026. Please note that admission decisions are rolling until the class is full, and course caps are around 20 students. Apply by April 1, 2026 to be considered for a limited number of need-based discounts. We recommend early application.

Application Requirements: this non-credit course is open to high school students who have completed their first year. The course is recommended for those with a 3.0 or better. No prior experience with the subject matter is required.

To apply, you will need a copy of your high school transcript and your fall report card if the grades are not reflected on your transcript.

Please make note of the course details above because you will select your course as part of your application.

There is a $75 fee to apply and a $300 deposit to secure your seat. Housing requires a $50 deposit. All payments will be treated as deposits toward your final bill.

Apply

If you are not ready to apply, you can sign up to stay informed about the Fordham Summer Leaders Academy too, or email us with questions!

Immersion 3 Resident Move-In/Move-Out

Date  Resident Information
June 26 All medical forms and consents due
July 19 Move-in between 10 a.m. and 2 p.m., all Immersion 2 students 
July 25 Move-out between 6 and 9 p.m., Immersion 2 One-Week students
July 31 Move-out before 10 a.m., Immersion 2 Two-Week students

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