Real Estate Development Fundamentals

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Date:	Monday, July 22, 2019 → Tuesday, July 23, 2019
Location:	Harvard University Campus
CEUs:	14 AIA/CES \| 14 AICP/CM \| 14 LA/CES
Tuition:	$1,400.00

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This course has limited enrollment. Register early to guarantee a spot.

Program Description

This two-day program is an excellent introduction to real estate development for entrepreneurs just starting in the business or joining an existing real estate development team, and also provides a valuable opportunity for professionals adjacent to the real estate development business (e.g., architects, planners, engineers, lawyers, contractors, property managers, brokers, lenders, investors, and public regulators) to enhance their understanding of real estate development. During the program, we will cover the primary steps in the real estate development process, using examples from many asset types and discussing principles applicable to real estate development all over the world.

Course Description - Real Estate Development Fundamentals

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Expect a lively and engaging interactive classroom experience! We will focus on the role of the real estate developer and the primary stages and steps in the real estate development process, including: identifying development opportunities; defining financial objectives and the development program; preparing project schedules and budgets; undertaking feasibility studies incorporating zoning, environmental, design, market, and financial factors; evaluating risks and rewards and defining risk management strategies; defining site selection criteria and gaining site control; negotiating required entitlements; assembling and managing the development team; creating the appropriate legal ownership entity structure; securing debt and equity financing; managing the design and construction process; marketing the asset; and managing the completed asset, including both property management and asset management.

This "nuts-and-bolts" program introduces potential entrepreneurs to real estate development and helps new members of established development teams understand how real estate development fundamentals relate to their primary design, engineering, construction, legal, permitting, financing, marketing, or property management roles as members of a real estate development team. The program is also valuable to intermediaries in the real estate development process including public officials responsible for reviewing, approving, and/or monitoring proposed real estate projects, particularly public-private partnership (PPP) projects.

We will present critical real estate development principles and practices in a simple, understandable, and interactive manner that will demystify the real estate development process regardless of participants' prior level of real estate development experience. Varied asset types (residential, office, retail, hospitality, industrial and mixed-use) will be referenced to illustrate critical development principles. We will also discuss the skill, personality and style characteristics often shared by successful real estate developers.

Course - Who Should Attend - Real Estate Development Fundamentals

Who Should Attend

Beginning or potential real estate development entrepreneurs; design, engineering, construction, legal, permitting, financing, marketing, or property management professionals who are members of a real estate development team; and public regulatory officials responsible for reviewing and approving proposed real estate developments.

This course is not designed for real estate professionals seeking an advanced real estate development course.

Course - Learning Objectives - Real Estate Development Fundamentals

Learning Objectives

Understand the role of the developer in the real estate development process.
Identify and understand the key stages and steps in the real estate development process, including an understanding of the interrelationships among these stages and the relative importance of each step.
Evaluate the potential risks and rewards associated with real estate development.
Appreciate real estate development process similarities and differences among varied asset types.
Understand the importance of a project’s “Cap Rate” as a critical financial measure of return.
Recognize the skill, personality, and skill characteristics often shared by successful real estate developers.

Course - Testimonial - Real Estate Development Fundamentals

"Imagine the opportunity to participate in a highly engaging, intense two-day course, instructed by a seasoned real estate developer. Ed Marchant organized the material to teach successful real estate development fundamental principles, that may be utilized in any global location. Students from all over the world attended the course, gaining immensely from the wisdom and insights derived from listening to Ed Marchant describe years of experience, as a participant in many real estate development projects, and as a developer and/or advisor. I have returned to my notes, again and again, gaining deeper clarity and understanding of the fundamental principles required to transition into the role of architect as developer."

-Dean Kahremanis, Dean Kahremanis Architects, LLC