Real estate development is a complex and continually evolving business. To effectively develop, finance, or supervise a project, a person needs a fundamental understanding of the process and its many facets. To be successful, a developer must manage not only their own performance, but also the collaboration of numerous professionals representing multiple disciplines. Throughout this process, the developer also must continually identify and mitigate inherent risks that can threaten the viability of the project.
Designed for both public and private sector participants, this newly updated course follows the principal stages of the process chronologically and addresses how each team member’s actions and performance can affect the success and profitability of the project. Emphasizing the iterative and interactive nature of the real estate development process, the course combines a lecture and case study approach. Top industry professionals, drawn from ULI’s membership, serve as course leaders and guest speakers, sharing their insights, experience, and expertise with participants.
The course is broadly structured in three parts:
Preliminary considerations, market analysis, financial analysis, and strategic marketing;
Site selection and due diligence, land acquisition and deal structure, and entitlements and permitting; and
Planning and design, construction management, and operations and property management.
Hands-on instruction in financial analysis provides students with a fundamental understanding of pro forma modeling basics.
December 05, 2012