Through discussions of best practices and the analysis of case studies, this course will provide a look into the art and science of real estate development.
Many real estate developers, investors, and other landowners rely heavily on the concept of “the highest and best use” to determine what to do with a parcel of land. The reality, however, is that creating a development program – in other words determining the use or mix of uses –is a more complex process that requires a nuanced approach. By balancing the goals of the developer/investor with the specific factors influencing a piece of land, it is possible to create a unique and tailored development strategy. Through discussions of best practices and the analysis of case studies, this course will provide a look into the art and science of real estate development.
Learning Objectives Upon completion of this course, students will be able to:
Understand best practices in creating conceptual development plans
Identify key factors for success and unique site features/opportunities
Tie qualitative outcomes to sound financial strategy
Effectively manage and lead the project team
Analyze project alternatives and various scenarios