- Overview of the Real Estate Development Business
- Develop a general understanding of the real estate development business including products, markets, and actors, with an emphasis on developers and particularly their personalities, motivations, and interests.
- Tools and Skills: Develop an understanding of the quantitative and qualitative tools used to evaluate a real estate opportunity and the skills required to build and use those tools.
Students will learn how to create and manipulate their own "pro forma" economic models and use them to evaluate the economics and finances of an investment or business.
Generalization to Urban Development: With this new knowledge, tools, and analytical skills, students will be able to generalize across a broad spectrum of urban development activities from the perspectives of a variety of actors ranging from developers, investors, and lenders to city planners, elected officials, and community members.
With this combination of knowledge, tools, and skills, students will also be prepared to work in the real estate development industry and will be able to confidently tell prospective employers, "I know how to create a proforma."
More information about Peter Brown's projects, teaching, and writing can be found at http://www.peterhendeebrown.com/.