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Tom Landgraf speaks to his students on a rooftop at a field trip

Curriculum


Carve Out Your Path as a Real Estate Leader

1-year program

  • 2-semester intensive curriculum
  • Emphasis on commercial real estate skills and conceptual knowledge
  • Build quantitative + analytical skills

Diverse opportunities

Study real estate markets across the United States and around the world through a blend of coursework, case studies, and practical, hands-on applied learning opportunities.

Deep understanding

Gain perspective on the full breadth and scope of the real estate process, ranging from finance to urban economics and market analysis. Four tracks allow you to focus your career path.

Leading-Edge Content. Experiential Format.

Hone technical skills to succeed in real estate. Learn negotiation and communication to work confidently with stakeholders. Upon graduation, you will be prepared to join a wide array of real estate organizations in the U.S. and internationally.

Student presenting on housing

Benefit from experiential projects

  • Evaluating development projects
  • Underwriting current real estate loan proposals
  • Analyzing live property and equity offering memorandums

Students in hard hats at construction site

Go out in the field, learn from the best

  • Site visits
  • Guest speakers
  • Case competitions
  • National and global trip opportunities
  • Career path exploration

Sample Curriculum

Required Courses

  • Lawyering the Development Deal: A Practical Guide to Real Estate Law
  • Real Estate Excel Modeling
  • Real Estate ARGUS Modeling
  • Real Estate Finance
  • Real Estate Law
  • Techniques of Real Estate Valuation
  • Urban Economics
  • Commercial Property Development
  • Commercial Real Estate Finance
  • Green-Sustainable Development
  • Housing Justice
  • Affordable Housing
  • Affordable Housing Finance

Electives

Students must take 13 credits in electives and can choose from the following:

  • Public Real Estate Equity Investment
  • Private Real Estate Equity Investment I: Analysis and Structures
  • Residential Property Development
  • Real Estate Capital Markets
  • Green-Sustainable Development
  • Techniques of Real Estate Valuation
  • Commercial Property Development
  • Contemporary Topics
  • Bargaining, Negotiating and Dispute Settlement for Managers
  • Project Management
  • Gentrification and Urban Restructuring
  • Site Planning
  • Architectural Design

Choose From 4 Tracks

Select courses from one or several concentrated program tracks to gain depth for the exact real estate career you want to pursue.

Real Estate Core

Gain the skills and knowledge you need to successfully manage the development process.

  • Learn about the multiple stages of commercial property development and the stakeholders involved.
  • Design your project strategy and decision-making with real estate cycles, municipal objectives, and market realities.
  • Determine the financial feasibility of your project by analyzing potential revenues, expenses, and financing costs. This includes an understanding of the property investment and return calculations used to analyze profitability and instruments commonly used to finance commercial real estate assets.
  • Analyze how to maximize value in large scale, mixed use projects and prepare professional development proposals.
  • Diversify your investment portfolio with commercial property assets through in-depth knowledge of the commercial real estate ecosystem as a whole.

Applied Real Estate Investment Track

The first program of its kind in the country, the Applied Real Estate Investment Track gives a team of real estate students the opportunity to manage a live $1.7 million portfolio of real estate investment trusts (REITs).

An advisory board of REIT industry professionals serves as the client and provides advice and guidance on investment decisions and presentations.

In the program, you will work in a team to:

  • create a view on real estate property sectors through sector reports.
  • underwrite, value, and present stock recommendations for the portfolio.
  • monitor the portfolio and make asset allocation adjustments throughout the year.
  • create a view of macroeconomy and then update the view as new data becomes available.
  • monitor capital markets.

Private Equity Track

The Private Equity Track is a unique student/alumni investment board private equity fund.

  • Invest outside capital to deliver real returns for investors.
  • The student team makes investment recommendations in a variety of private investment funds and learns to structure investments across a range of property types, regions, and investment vehicles.

In the program, you will work in a team to:

  • understand real estate private equity analysis and structures.
  • model property income and investment waterfalls.
  • construct an investment criteria sheet and generate an investment pipeline.
  • vet prospective private placement memoranda.
  • present opportunities to the investment committee.
  • generate an annual report/pitch book.

Affordable and Sustainable Housing Development Track

Focus on the fastest-growing topics in real estate—housing affordability and sustainability—and help tackle crucial societal issues.

Learn how housing markets have failed to provide affordable housing, how zoning exacerbates housing uncertainty, segregation, and homelessness, and how to use real estate tools to address these problems.

 

In this program you will:

  • have hands-on learning with professionals working in affordable housing, sustainable real estate, nonprofits, and government.
  • understand affordable housing financing mechanisms and funding sources.
  • dig into the relationship between the economy, policy, geography, planning, and sustainability.
  • be prepared to manage, develop, and finance residential and commercial real estate developments.
Evan Zimmerman
"I think that the greatest benefits of being in the AREIT program come from the collaboration within our respective teams. Along with learning about the intricacies of the public market, and REIT market in particular, I have learned so much about collaboration. The other benefits come from the real-world application, and well as the fiduciary responsibilities which are placed on every member of the team. Through managing a portfolio of live REIT stock, we are given a taste of what real portfolio managers and analysts experience from the perspective of money managers."
Evan C. Zimmerman (MS ‘21)
Caroline Anne Kroner (MS ‘21)
"The private equity track is unique because you get to look at live deals, which are normally hard to get your hands on in other academic scenarios. It is beneficial to see how different people in the industry lay out their deals, structure their financial models, and look at a variety of different value-add and development strategies."
Caroline Anne Kroner (MS ‘21)
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