Real Estate Development Courses

To view current course offerings visit Testudo; for more detailed information on courses, please visit University of Maryland's Undergraduate and Graduate Course Catalogs.


 

RDEV250 People, Planet, and Profit: Building Sustainable Places (3)An introduction to the four disciplines represented in the School: architecture and urban design, community planning, historic preservation, and real estate development, that work to create a more sustainable environment for the future using our interpretation of the quadruple bottom line: socio-cultural, economic, environmental, and design sustainability. Students will be provided with an understanding of the fundamental scholarship and processes of each of these disciplines and examine the intersections between them. Additionally, they will learn by applying the approaches of the four disciplines through a series of field studies. (Students with over 60 credits will be placed in a holdfile).

 

RDEV270 Tax and Accounting for Real Estate Developers (3)
The purpose of this course is to develop an understanding of key tax and accounting principles and how they impact real estate development for students in the real estate development minor. The course is geared for science, arts and humanities students who otherwise would not take an accounting course as part of their major..

 

RDEV350 Real Estate Development: Introduction to Principles, Process, and Practice (3)
An introduction to the basic principles of real estate development: How real estate and communities get built and how value is created. The emphasis is on entrepreneurship and an experiential learning approach to the entrepreneurial real estate development process, principles, and practice.

 

RDEV450 Foundations of Real Estate Finance and Investment (3)
An Introduction to the foundational concepts of commercial real estate finance and the measures used in analyzing and evaluating real estate projects. An introduction to the various aspects that come into play when real life decisions are made in the process of investing, acquiring, financing, developing, asset managing, valuing, and leasing commercial real estate. Quantitative analyses and financial modeling using Excel comprise the main focus.  

 

RDEV600 Principles and Practice of Real Property Development (3)
An introduction to the basic principles of real estate development: How real estate and communities get built and how value is created. The emphasis is on entrepreneurship and an experiential learning approach to the entrepreneurial real estate development process, principles, and practice.
 

RDEV603 Introduction to Real Property Finance (3)
An Introduction to the foundational concepts of commercial real estate finance and the measures used in analyzing and evaluating real estate projects. An introduction to the various aspects that come into play when real life decisions are made in the process of investing, acquiring, financing, developing, asset managing, valuing, and leasing commercial real estate. Quantitative analyses and financial modeling using Excel comprise the main focus.  

 

RDEV605 Tax and Accounting for Real Property Developers (3)
This course is designed to familiarize students with taxation and accounting as it pertains to real estate development. Students acquire a basic understanding of the accounting and tax concepts in the following areas:  Acquisition, forms of ownership, development and construction costs, budgeting for capital and operating costs, sales and profit recognition, real estate leases and the taxation thereof, review of the basic accounting process and the users of information, financial statement review including notes, auditor’s reports.

 

RDEV610 Real Property Development Law and Ethics (3)
The course is designed to acquaint students with the basic principles of real estate law as they relate to the real estate development industry. The course will also focus on ethics in real estate and how to understand the ethical decisions that should be made when negotiating a real estate development project.

 

RDEV615 Principles, Process and Politics of Planning for Real Property Development (3)
Designed to introduce and familiarize students with planning and zoning and the associated processes and requirements that impact the real property development process and products. It will look at the roles the community and politics play in shaping the built environment and the development process.

 

RDEV620 Market Analysis for Real Property Development (3)
Evaluating real estate requires an understanding of the fundamental market dynamics. Market analyses provide developers, lenders, architects, planners, investors and often public officials or other interested parties key insight into the potential for a piece of property. The market analysis predicts the ability to absorb specific land uses / products by price and quantity.

 

RDEV630 Real Property Finance and Investment (3)
This is an intermediate finance course, designed to introduce students to the fundamentals of Real Estate Development Finance to reinforce work-related practices, pro forma analysis, the concept of time value of money and its many uses, asset valuation on a discounted cash flow (DCF) basis, cost benefit analysis (CBA), and the quantification of the multifaceted relationship between risk and return in property development.

 

RDEV635 Capital Markets and Real Estate Investments for Developers (3)
An advanced course in real estate finance focusing on capital markets and complex financing mechanism in the public and private markets for raising capital for development of public, private and public/private projects.

 

RDEV640 Principles of Urban Design for Real Property Developers (3)
Introduces students to the design issues associated with development of the basic real property asset classes (office, retail, and residential) and the context driven forces that shape these different development types. Also introduces non-design students to the principles of visual literacy and the capacity of different properties to support development in the effort to enhance a community.

 

RDEV650 Essentials of Design and Construction Management for Development Professionals (3)
Essential terminology, process and substantive knowledge needed by development professionals to effectively move a project through the design and construction process; includes environmental and ethical considerations throughout the process. 

 

RDEV660 Commercial Leasing for Real Property Developers (3)
Provides students with a hands-on look at commercial and real estate leases, lease provisions, and current market activity, a key factor in determining when and whether to proceed with developing a commercial property.

 

RDEV670 Negotiating Agreements & Resolving Conflicts when Developing Real Property (3) 
Designed to develop students' negotiation and leadership skills for managing differences between individuals and groups while in the process of developing and operating real property. Includes a blend of skill-building exercises and theory discussions about the behavior of individuals to understand negotiation dynamics.

 

RDEV688D Selected Topics in Real Estate Development; Geo-Underwriting: Location-Based Project Feasibility Analysis - From Segregation to Gentrification (3)
This course overviews fundamentals of project level real estate underwriting and its inextricable relationship to the neighborhood context. The construct of "neighborhood" is explored throughout the course as both a social organizing principle and as an economic marketplace. The course also considers the government and policy landscapes that have helped shape neighborhood form and the real estate types found there. 

 

RDEV689D Current Topics in Real Estate Development; Affordable Housing Asset Management (3)
This is a rigorous graduate level course in the fundamentals of property and asset management, and their relation to housing policy in the United States. Students will gain an understanding of different financing options available to affordable housing developers and how properties in service operate within the confines of the regulatory requirements related to their financing. 

 

RDEV689F Current Topics in Real Estate Development; Advanced Real Estate Development Finance (3)
This advanced course is designed to introduce and familiarize students with the core financing tools available to affordable and mixed-income housing developers: tax-exempt bonds and Low Income Housing Tax Credits.

 

RDEV689I Current Topics in Real Estate Development; Design and Development Competition (3)
This is a NAIOP Capital Challenge competition focusing on a real estate development / redevelopment project in the Washington, DC, Suburban Maryland metropolitan area. Students work on an assigned site to formulate a proposed investment strategy and develop a comprehensive analysis and recommendations to maximize the potential of the property from both a quantitative (financial) and qualitative (feasibility) standpoint. 

 

RDEV689N Current Topics in Real Estate Development; Construction Methods and Materials: Introduction (3)
The practice of real estate development within the urban context is driven by investment profiles, demographic shifts, aesthetic theories, design practices & technological innovations. Students will combine both field research and academic research as they address the assignments.

 

RDEV689P Current Topics in Real Estate Development; Introduction to International Development (3)
The course will introduce students to urban problems and urban planning in Europe, Asia and Latin America, and will emphasize their relevance to urban planning in the U.S. Best practices will be explained in terms of the legal underpinnings of planning, cultural and historical differences, socioeconomic and lifestyle characteristics, as well as planning and governance issues.

 

RDEV689R Current Topics in Real Estate Development; Retail Real Estate Development and Asset Management (3)
The course is designed to introduce and familiarize students with the skills and techniques necessary to successfully execute the development and/or redevelopment and management of retail real estate and shopping center assets in the 21st Century. 

 

RDEV689Y Current Topics in Real Estate Development; Guided Real Estate Development Project (3)
Explores a focused aspect in any of the five major phases of real estate development: planning, finance, law, design, construction, or management.

 

RDEV690 Capstone Project: Real Property Feasibility Study (3)
The capstone course is designed to provide students with an opportunity to apply acquired classroom knowledge to real world conditions. Each student in the class will work separately to create a development proposal and feasibility study for an assigned property. The study will address at least market analysis, entitlement process, design, construction, and financing for the project.