IDCE 350 - Real Estate Development and Finance: An Introduction

This master’s-level course introduces students to the field of commercial real estate development and finance.  The course will explore the aspects of development, including various “field actors,” such as developers, community-based community development corporations, other non-profits, for-profits, banks, local governments, property managers, and property sellers/buyers. In the course, students will learn public and private financing theories and techniques, with an emphasis on the market perspectives, such as risk and return.  Topic will include: “hot” and “cold” commercial real estate markets; how to control hot ones (to prevent gentrification) and how to stimulate cold ones (with public benefit inducements); the basics of identifying financial feasibility; the financial analysis necessary to attract debt and stimulate equity investment. The format will be principally lectures, reading discussions, in-class construction of Excel spreadsheets; and individual and/or class projects.  A working knowledge of Excel will be important.  This course is not intended for CDP students or students who will take Community Development Finance. 

Anticipated Terms Offered: Fall or Spring