1. Familiarize the student with a variety of analytical tools and methods applicable to the real estate development process. 2. Acquaint the student with current issues that will affect those individuals who would like to be involved in property development.
I. Real Estate Development Concepts and Techniques A. The Real Estate Development Process B. Development Policy Issues C. Site Selection Basics D. Back-of-the-Envelope Feasibility Analysis E. The Land Development Process F. Site Analysis and Evaluation G. Land Development Financing H. Intensity of Use I. Analysis for Redevelopment and Renovation II. Urban Economics and Real Estate Markets A. The Formation of Cities B. Theories of Urban Growth C. Urban Rent Theory D. Real Estate Markets E. Introduction to Real Estate Market Analysis F. The Economic Base Model G. The Retail Market Study H. The Office Market Study I. The Housing Market Study J. The Real Estate Development Pro Forma III. The Public Sector and Real Estate Development A. Land-Use Regulation B. Tax-Increment Financing C. Brownfields D. Wetlands E. New Urbanism and Smart Growth
1. Familiarize the student with a variety of analytical tools and methods applicable to the real estate development process. 2. Acquaint the student with current issues that will affect those individuals who would like to be involved in property development. 3. This course also includes a service-learning component. Students will identify a vacant/abandoned/underutilized property in Athens-Clarke County and will formulate a development plan for the property. The students’ development plan will include: a. A thorough site analysis of the property that they have chosen. b. A detailed site plan of their proposed development/redevelopment of the property. Students will work in consultation with the staff of the Athens-Clarke County Planning Department to ensure that their site plan complies with the local land-use regulations. 4. A detailed financing plan for their proposed development. Students will work in consultation with local commercial real estate lenders in order to ensure that their financing plan reflects current market trends. 5. An assessment of the financial feasibility of their development proposal. Students will work in consultation with local real estate professionals in order to ensure that the assumptions underlying their financial analysis are accurate and indicative of current market trends.
I. Real Estate Development Concepts and Techniques A. The Real Estate Development Process B. Development Policy Issues C. Site Selection Basics D. Back-of-the-Envelope Feasibility Analysis E. The Land Development Process F. Site Analysis and Evaluation G. Land Development Financing H. Intensity of Use I. Analysis for Redevelopment and Renovation II. Urban Economics and Real Estate Markets A. The Formation of Cities B. Theories of Urban Growth C. Urban Rent Theory D. Real Estate Markets E. Introduction to Real Estate Market Analysis F. The Economic Base Model G. The Retail Market Study H. The Office Market Study I. The Housing Market Study J. The Real Estate Development Pro Forma III. The Public Sector and Real Estate Development A. Land-Use Regulation B. Tax-Increment Financing C. Brownfields D. Wetlands E. New Urbanism and Smart Growth IV. A service-learning group project is included.