Real Estate Development in NYC

June 24-27, 2024 Lincoln Center

This course is now closed.

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. Course includes 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
    • Discussion of 16 Acres during the afternoon session
    • Public Private Partnerships
    • Environmental Review and Sustainability Considerations
    • Marketability and Marketing
    • Leasing
    • Property Stabilization and Management
    • Discussion of the Bullitt Center in Seattle, WA during the afternoon session
    • Public Private Partnerships
    • Environmental Review and Sustainability Considerations
    • Marketability and Marketing
    • Leasing
    • Property Stabilization and Management
    • Project presentations during the afternoon session.
    • Final Exam – 20 questions covering material from the 4 - day sessions

Instructor Bio

Serge Reda
Serge Reda is a highly experienced real estate executive and real estate technologist. Previously, he worked in the development and construction division of Cedar Realty Trust, a publicly traded REIT, and prior to that led the joint venture investment programs for Wellsford Real Properties, a real estate merchant bank, where he created, managed, and ultimately wound down (post-recession), numerous real estate investment programs. He has broad and deep experience in the real estate industry ranging from development and construction to finance and investment, and technology. Reda is the chair of the real estate development curriculum committee and teaches Real Estate Development Process, Real Estate Development Feasibility Study, CRE Technology, and Real Estate Structures and Capital Markets for the Fordham Real Estate Institute. He has also taught Real Estate Capital Markets in the Fordham Graduate School of Business. He holds an M.B.A. in Finance from Fordham University as well as a Master of Architecture degree from the University of Colorado.

Course Details

Real Estate Development in NYC
June 24-27, 2024, 10:00 a.m.-4:00 p.m.
Lincoln Center Campus
Instructor: Serge Reda

Course Number: SULA 0130 LP4

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

For residents, free transportation will be available daily via the Ram Van at 9 a.m. and 4 p.m.


Residential: $1,650.00
Tuition for the residential program includes the course, course materials, housing, meals, and excursions in and outside of class. Move-in for this program is Sunday, June 23, 2024 and move-out is Friday, June 28, 2024.

Commuter: $1,225.00
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.


Application deadlines: course and housing: April 15, 2024; course only: May 1, 2024. Please note that admission decisions are rolling until the class is full, and course caps are around 20 students. 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.

If you are applying for housing, a brief letter of recommendation from a guidance counselor, coach, instructor, or supervisor, attesting to your maturity and responsibility as a student is required.

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


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!

It's not too late! Still accepting applications for classes with open seats until May 31!