Real Estate Development Fundamentals

Course - MAIN IMAGE SLIDE - Real Estate Development Fundamentals

  • Real Estate Development 101: Focusing on the Basics



    December 7–14, 2020
    Online

Course Info + Register Header - Real Estate Development Fundamentals

Dates: December 7, 9, 11, 14, 2020
Time: 11:00 a.m.–1:00 p.m. (Eastern)
Location: Online (Zoom)
CEUs: 7.0 AIA/LU | AICP/CM | LA/CES
Tuition: $1,250.00
* Enjoy a 10% discount when you register for this program and its companion, Real Estate Finance 101: Focusing on the Basics (January 20–26, 2021).

Program Description

This short 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 virtual 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. For experienced executives, please consider the Advanced Management Development Program.

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 - Instructor - Edward Marchant

Lecturer in Urban Planning and Design, Harvard University Graduate School of Design
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"As a construction and restoration professional with no significant real estate or development expertise, I was blown away by the learning experience over the short period of the course. I thought it was a great combination of industry terms and practical best practices. I would definitely recommend it!"

Course - Register Bottom - Real Estate Development Fundamentals

Real Estate Development 101: Focusing on the Basics
Dates: December 7, 9, 11, 14, 2020
Time: 11:00 a.m.–1:00 p.m. (Eastern)
Location: Online (Zoom)
CEUs: 7.0 AIA/LU | AICP/CM | LA/CES
Tuition: $1,250.00
* Enjoy a 10% discount when you register for this program and its companion,
Real Estate Finance 101: Focusing on the Basics (January 20–26, 2021).