Students complete the MS in Real Estate by taking at least twelve courses, including seven required courses and five elective courses. In addition, students who have not taken the equivalent of principles of accounting I and II at the undergraduate level must take Financial Accounting ACC 500 and students who have not taken the equivalent of principles of microeconomics and intermediate microeconomics at the undergraduate level must take Economics for Decision Making ECO 555. Students who do not pass a competency examination in calculus and statistics will be required to take Applied Quantitative Analysis GSB 420
In order to take the advanced required real estate courses students must have completed their quantitative analysis and financial management course requirements. Each candidate must be competent in financial accounting, microeconomics and calculus and statistics prior to registration for Financial Management FIN 555.
The recommended sequence of courses is as follows: FIN 555 before RE 530 and RE 530 before RE 531, RE 533 and RE 535. However, RE 530 may be taken concurrently with FIN 555 and RE 531, RE 533 and RE 535 may be taken concurrently with RE 530.
Students complete the MS in Real Estate by taking the seven required courses and at least five elective courses from the list of courses approved for elective credit.
The following courses are only available to students who have been admitted to the College of Law
Note: Approved electives may have prerequisites that are not part of the M.S.R.E. curriculum. Such prerequisites will not be waived or substituted for approved electives.
- Satisfactory completion of the college residency requirement.
- Satisfactory completion of the college minimum grade requirements policy
- Satisfactory completion of the seven required courses, or their substitutes as approved by the Chair of Department of Real Estate.
- Satisfactory completion of at least five approved elective courses such that at least 48 quarter hours of applicable course work are completed toward the degree. ACC 500 and ECO 555 are not approved for elective credit.
- All courses for credit toward the degree must be completed within six calendar years after the candidate’s first term of enrollment in the Kellstadt Graduate School of Business. After a lapse of six years a course is expired. An expired course is not acceptable for the purpose of satisfaction of degree requirements and is not applicable to the degree without the written approval of the director of the program or the Kellstadt Graduate School of Business.
This course provides an introduction to concepts and techniques required to analyze and implement optimal financial decisions by firms and serves as the core course in the corporate finance sequence. The course focuses on the effect of time and uncertainty on investment and financing decisions. It develops a framework for corporate financial decision-making. Topics covered include basic discounting techniques, stock and bond valuation, capital budgeting, portfolio theory, asset pricing, and capital structure. The course uses several case studies to illustrate the application of finance theory to practical problems. Prerequisite: GSB 420, ACC 500, ECO 555
ACC 500 and (ECO 555 or equivalents) and GSB 420 are a prerequisite for this class.
This introduction to financial accounting provides both a theoretical foundation and an opportunity to apply accounting logic in increasingly complex situations. The accounting model and information processing cycle are developed. The content of the income statement, balance sheet, and statement of cash flows are studied in detail and analyzed.
MS in Taxation and MACC students are restricted from registering for this class.
ECONOMICS FOR DECISION-MAKING
This course provides students with an opportunity to apply microeconomic principles to managerial decision-making. These principles include those underlying the theories of consumer choice, production and cost as they relate to decisions made by firms and households. Specific topics include consumer demand analysis and estimation; elasticity; production theory; cost structure and estimation; profit maximization; and the effect of market structure on pricing, output and profit.
GSB 420 is a prerequisite for this class.
APPLIED QUANTITATIVE ANALYSIS
This course provides a comprehensive review of some basic mathematical and statistical methods and stresses their practical applications in business and economics. The course will equip the student with the quantitative skills required in the MBA program and will also provide a good foundation for addressing typical problems that arise in business. Additionally, the skills acquired in the course will also help the student prepare for the quantitative sections of professional exams, such as the CFA, the CPA and the CMA exams. This course will stress learning through applications/problem-solving using Excel and/or Minitab software for data analyses. However, the course must be analytical and theoretical to the extent that is necessary to develop a correct understanding of the topics presented. The topics covered in the course include relevant mathematical concepts: use of relevant functions and solving equations in unknowns, elementary calculus and graphing functions. It also focuses on relevant statistical concepts: probability theory, hypothesis testing, regression analysis and forecasting.
REAL ESTATE INVESTMENT AND FINANCE
This course is designed to develop the vocabulary, concepts, and skills for rational real estate investment decisions. It will consider both the debt and equity side of private market real estate decision making. Topics include risk analysis, regional and sub-market economics, and property specific analysis. Case analysis is an integral part of the course.
FIN 555 is a prerequisite for this class.
REAL ESTATE CAPITAL MARKETS AND FINANCE
Analysis of private and public institutions involved in real estate finance. A critical study of institutional arrangements facilitating real estate investment and development, and analysis of yields and risk in mortgages and mortgage backed securities.
REAL ESTATE MARKET ANALYSIS AND VALUATION
Market analysis techniques and critical analysis of the appraisal process in the valuation of income producing properties. Exploration of both basic and innovative approaches to value employing computer databases and information technology.
RE 530 and FIN 555 are prerequisites for this class.
INSTITUTIONAL REAL ESTATE INVESTMENT
Analysis of complex ownership structures and the changing world of real estate capital markets. Case course with a focus on institutional investment portfolios including private equity, pension fund and REIT acquisition & disposition decisions.
URBAN PLANNING AND PUBLIC POLICY
This course introduces urban planning for students who have little background in this area. The course explores both historical and contemporary urban planning concepts and covers a wide variety of topics including land use regulation, environmental and energy planning, growth management/smart growth issues, legal and regulatory requirements and regional/national planning concepts, generally explored from a real estate perspective. The course concludes with a three class urban planning workshop, redeveloping a five block blighted neighborhood in a hypothetical city to create a well-designed, sustainable community.
PROJECT MANAGEMENT: DESIGN AND CONSTRUCTION
This course provides a systematic introduction to building design and construction for students who have little background in this area. The course explores both the conceptual and practical aspects of designing and constructing commercial buildings and covers a wide variety of topics including: site development - building design - building materials, systems and construction methods and practices - budgets - scheduling - overall pro forma feasibility - LEED Certification, Sustainability and Green Building issues The course concludes with a major project that will allow each student to develop a conceptual building design, a construction budget, a construction schedule and a pro forma feasibility analysis.
ADVANCED REAL ESTATE ANALYSIS WITH ARGUS
This course is designed to develop the vocabulary, concepts, and analytical skills necessary to make informed commercial real estate investment decisions at a very detailed level using the Argus software platform, as well as other software and database tools for research and analysis. RE530 is a prerequisite or may be taken concurrently with the permission of the instructor.
REAL ESTATE SEMINAR
The objectives of this course are to identify current, researchable topics pertaining to real estate and for students to perform independent research on selected topics approved by the seminar professor. Meetings will be held on both a class and on an individual basis. Students will present both their proposals and the results of their preliminary investigations in class. A seminar research paper is required of each student.
REGIONAL AND URBAN ECONOMICS
The course investigates the spatial character of an economic system. The first part of the course is concerned with theories in regional economics, including business and household location theory, urbanization, and regional development. The latter part of the course deals with urban economics, a specialized area concerned with the economic forces behind many urban problems. Topics include the economics of housing, transportation, poverty, crime and urban public finance.
ECO 555 or 505
The ever increasing amount of data about consumers and transactions allows marketers to better understand who their customers are and what they are buying. This course explores a wide variety of data sources and how they are used in marketing, with a special emphasis on segmentation, targeting and positioning. Offered winter quarter.
The purpose of this course is to provide an introduction to the professional practice of urban planning and the basic theoretical concepts on which the discipline is based. Students will analyze urban issues, decision-making processes, and resources that affect planning across a metropolitan area, including urban-suburban relations, and the complexities of zoning, economic and community development.
URBAN AND COMMUNITY DEVELOPMENT
This course discusses urban issues including social area analysis, neighborhood change, land use and other topics. It examines community organizations as problem-solving bodies that interact with government agencies to affect urban development.
URBAN AND COMMUNITY ANALYSIS
Quantitative analysis of urban issues including social-area analysis, patterns of segregation, neighborhood change, and other selected topics.
URBAN DEVELOPMENT POLICIES
Community agencies viewed as problem-solving organizations. Concentration on the impact of state and local government on community organizations and how community organizations influence social policy. Sequel to SOC 425.
Introduction to advanced level studies in applied urban sociology: contemporary urban theory, research, and policy issues.
Theories and methods of contemporary anthropology are employed to analyze a variey of topics of urban phenomena including the process of urbanization, urbanism-urban culture, subcultures, ethnic life styles-and the notion of images of cities.
THE SOCIOLOGY OF HOUSING
An in-depth approach of a major component of urban life with a focus on federal and local policies, programs and issues.
(3 hrs) A survey of federal and state remedies for the protection of the environment.
REAL ESTATE FINANCE AND COMMERCIAL DEVELOPMENT
(3 credit hours) This course addresses legal and economic issues relevant to commercial real estate development and investment, including acquisition, financing, leasing ownership structures and tax considerations.
LAW 160 and LAW 420 are a prerequisite for this class.
LEGAL ISSUES IN REAL ESTATE
This is a survey course of real estate law and will be approached on both practical and theoretical levels, with an emphasis on the historical underpinnings of land law. Topics include contracts, landlord/tenant law, title, transactions, taxation, and land use.
Content and format of this course are variable. In-depth study of current issues in finance. Subject matter will be indicated in class schedule. Offered variably and may be taken multiple times provided the content is not duplicated