Core
(27 credits)
Gain a Thorough Grounding in the Real Estate Industry Through Core Courses
You will achieve a comprehensive understanding of the real estate industry through an overview course and additional classes that clarify linkages and relationships to different fields. Students experience in-depth courses embracing both theory and application, taught by a faculty composed of Hopkins experts and practitioners from some of the regions' leading investment, development, law, architectural, engineering, and planning firms. Fellow students also bring new approaches and a high level of experience and energy to the classroom, making for an even more dynamic learning environment.
Note: 767.700 Real Estate Enterprise and 767.710 Real Estate Analysis must be taken first in the program.
- 767.700 Real Estate Enterprise
- 767.710 Real Estate Analysis
- 767.715 Real Estate Law
- 767.730 Market and Feasibility Analysis
- 767.746 Building and Site Design
- 767.760 Urban Land Economics
- 767.776 Real Estate Finance
- 767.777 Real Estate Investments
- 767.795 Real Estate Construction
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767.700 Real Estate Enterprise
The course provides an overview of the design, development, and management of real estate; optimal land planning and development phasing; site selection; approval, sales, leasing, and pricing strategies; accounting and tax issues; financing; leasing; construction; and asset management. Issues regarding the management of real estate companies are also addressed. The course provides a survey of the industry to help students understand how land use and real estate professionals contribute to the viability of each project.
Notes: This course is open only to MS in Real Estate students. (3 credits)
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767.710 Real Estate Analysis
The use of Excel software for real estate analysis and financial modeling, for both beginning and advanced users, is introduced. The course is designed to assist students in developing skills using a financial calculator and ARGUS software. The COSTAR database is also presented to assist students in retrieving market data. Techniques learned in this course are required throughout the real estate graduate program.
Notes: This course must be taken concurrently with 767.700 Real Estate Enterprise. It is open only to MS in Real Estate candidates. (3 credits)
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767.715 Real Estate Law
Complex legal issues involved in a real estate development and management transaction are reviewed and analyzed in this course. Students explore legal topics, beginning with the basic principles of property law and extending to environmental issues and safeguards of site acquisitions through construction, including leasing, financing, conflict resolution, operation, and sale of a real estate project. Negotiation and legal aspects of alternative financing and entity structures are discussed.
Notes: This course is open only to MS in Real Estate candidates. (3 credits)
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767.730 Market and Feasibility Analysis
The measurement of demand for real estate products and for a specific project (marketability analysis) are subjects of this course. Students examine techniques for forecasting demand and supply in specific markets and evaluating sites based on product criteria. Products include residential, commercial, and retail properties. Final sessions deal with feasibility analysis.
Notes: This course is open only to MS in Real Estate candidates. (3 credits)
Prerequisite(s): BU.767.760 AND BU.767.776
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767.746 Building and Site Design
Site planning and building design have major implications for real estate projects. This course concentrates on the development of the project with an emphasis on the design process from the architect’s and developer’s perspectives. Topics include the developer/architect relationship. A projects’ form, function, and cost are reviewed showing both successful and less effective designs. Emphasis is placed on the relationship between marketability studies, design, and
Notes: This course is open only to MS in Real Estate candidates. It is offered for part-time studies during the summer session only. (3 credits)
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767.760 Urban Land Economics
A framework for real estate analysis, including economic and other factors affecting trends in urban structure and land use, is discussed. Appropriate data sources and data analysis techniques are introduced. Major urban development issues, decentralization, population and labor force composition, industrial location, urban and regional growth, land use, and rent relationship issues are also analyzed.
Notes: This course is open only to MS in Real Estate candidates. (3 credits)
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767.776 Real Estate Finance
The intricacies involved in financing real estate projects are the subject of this course. Land, construction, and permanent financing alternatives are presented and analyzed. Capital sources, including commercial banks, savings and loans, life insurance companies, foreign investors, and Wall Street firms are reviewed. Discussions include various financing forms and documents as well as equity arrangements.
Notes: This course is open only to MS in Real Estate candidates. (3 credits)
Prerequisite(s): BU.767.710
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767.777 Real Estate Investments
This course investigates the factors needed to conduct an investment analysis: market analysis, marketability, feasibility, finance, accounting, and tax regulations and liability. Using ARGUS software, this course explores forecasting project viability and estimating present value as well as analytical techniques of valuation including after-tax cash flow analysis, lease and expense analysis, and sensitivity analysis.
Notes: This course is open only to MS in Real Estate candidates. With approval from the Department of Real Estate, MS in Finance students may enroll in this course. (3 credits)
Prerequisite(s): BU.767.776
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767.795 Real Estate Construction
The course reviews the nature and characteristics of the construction materials, equipment, and systems that are used in modern buildings. Emphasis is placed on how the selection of materials, equipment, and systems can affect both the function and cost of the building. The course also includes a detailed review of the forms of construction contracts and associated documents commonly used in the industry. Finally, the course includes a broad review of the construction industry and a more detailed review of the management functions of a typical construction company.
Notes: This course is open only to MS in Real Estate candidates. (3 credits)
