Provides the students with an understanding of the principles of property economics and finance, land use regulations and laws and contractual agreements (including for purchase and use of property) that govern commercial real estate. The acquisition, valuation and use of debt on commercial real estate is about the purchase of the site and improvements and the “bundle of rights” to do certain things with them.

SNC/UNC grade assessment.

Provides the student with an in-depth knowledge of real estate finance, real estate investment, and the operation of the real estate capital markets. The objective of the course is to understand the many sources and uses of capital in the commercial real estate industry. The course begins with the mechanics of mortgage finance, followed by a detailed presentation of mortgage underwriting, lender ratios, and discounted cash flow analysis. This is the same course as FINA 4002 and credit cannot be earned for both REAL 4002 and FINA 4002.

Real estate valuation and financial analysis is fundamental to the real estate industry and to other disciplines dealing with real estate including banking, accounting and law. Provides an understanding of the skills and tools used to value real estate with particular emphasis on commercial income property and discounted cash flow modeling. This skill is developed through classroom sessions, and reinforced by practical case studies completed individually. The intent is to expose the student to valuation both as its own end and as a tool in the commercial real estate decision making process.

Provides students with an in depth examination of the real estate development process. Focuses on the physical and analytical tools necessary in the real estate development process including finding the development opportunity, land acquisition/site analysis, building design and public approvals, legal, market analysis, project management, construction, leasing and financing

Focuses on the applied analysis of commercial real estate. Emphasizes the analysis of real estate for purchase, development or financing across the major real estate investment sub-areas (apartments, office, retail and warehouse/distribution). The objective is to take conceptual real estate knowledge and apply it to Harvard Business School and Milwaukee Area cases. Knowledge from the many required finance, marketing, real estate, accounting and other business and economics courses is used to analyze the cases.

Provides students with an introductory knowledge of the acquisitions and asset management process and investor reporting by re-underwriting existing and recently completed transactions and new investment opportunity memorandums. Includes instruction in Real Estate Modeling with a particular focus on intermediate and advanced modeling in Excel, sensitivity analysis, cash flow waterfalls, monthly business plan reviews, asset and investor reporting.

Provides students with an in-depth knowledge of real estate acquisition and construction, asset management and investor reporting through the re-underwriting of various case examples including, but not limited to, Multifamily construction, Multifamily Acquisition & Rehab, Industrial construction (build-to-suit and spec), Office (new construction or acquisition), Retail (new construction or acquisition), Hospitality (construction, acquisition, repurpose) and land development. Students advance their skills in modeling, sensitivity analysis, cash flow waterfalls, monthly business plan reviews, asset and investor reporting through sourcing and analyzing actual investment offerings.

Provides students the opportunity to polish skills, complete any deals (either purchase or sale), and provide mentoring to the incoming cohort of REAP students. The following are included: mastery of the acquisition process and financial modeling skills, mastering of asset management functions and portfolio concepts, mastery of presenting to high-level investment professionals, and mentoring of junior-level students on how to underwrite real estate deals and manage the investment process.

Prepares students for two case competitions in which Marquette University participates. Students prepare to analyze, write a report and present a development/redevelopment proposal for a track of land or existing building. Students also prepare by reviewing the previous year’s Eisenberg and NAIOP cases and completing additional assignments. Each team meets twice per week to work with case advisers and team members.

Topics vary.

S/U grade assessment.

S/U grade assessment.

Faculty-supervised, independent study/research of a specific area or topic in Real Estate.

Real estate valuation and financial analysis is fundamental to the real estate industry and to other disciplines dealing with real estate including banking, accounting and law. Provides an understanding of the skills and tools used to value real estate with particular emphasis on commercial income property and discounted cash flow modeling. This skill is developed through classroom sessions, and reinforced by practical case studies completed individually. The intent is to expose the student to valuation both as its own end and as a tool in the commercial real estate decision making process.

Topics vary. Prerequisites vary depending on topic.

Elective course. Topics vary. Prerequisites vary depending on topic.

Faculty-supervised, independent study/research of a specific area or topic in Real Estate.