REAL ESTATE - MAJOR, CO-MAJOR OR MINOR

student sitting in class taking notes

As a Real Estate major, co-major or minor at VSB, you will develop an understanding of real estate investment, development, modeling, capital markets, accounting and law, as well as the role of real estate in corporate strategy and the global economy. The curriculum incorporates site visits, case studies, expert perspectives and industry-standard software tools so that you learn how the theory ties to practice. Your course projects will include completing valuations for actual retail centers and office buildings, and a capstone development project that includes site selection, market analysis, project completion and resale.

EARNING A MAJOR

The Real Estate co-major is open to the Class of 2021 and 2022. If you are in the Class of 2023 or later, you can earn a Real Estate major. To start, you must complete the core curriculum and business curriculum along with the major and co-major requirements and electives, as outlined below.

EARNING A MINOR

You must complete the core curriculum and business curriculum plus your major requirements, along with the two required minor courses and one elective, as outlined below.

Note: Starting Class #2025, all VSB minors, including  REAL minor, require three unique courses to complete the minor requirements.

 

REQUIRED CO-MAJOR COURSES -
CLASS OF 2021 AND 2022

RES 2150 - Real Estate Fundamentals

Description:
An introduction to the field of real estate, includes the following broad topical areas: the legal nature of real estate, valuation and appraisal, real estate finance, and the secondary mortgage market.
Credit Hours:
3
Last Offered:
Fall 2021, Spring 2021, Fall 2020, Spring 2020
CRSE Attributes:
NONE

RES 3150 - Real Estate Investments

Description:
Valuation of commercial real estate properties including discounted cash flow approach. Pro forma accounting statement modeling, cash flow forecasting, lease price determinants, initial and exit cap rate determination and ultimately valuing actual real estate properties. The "four food groups" of commercial real estate.
Prerequisites:
RES 2150
Credit Hours:
3
Last Offered:
Fall 2021, Spring 2021, Fall 2020, Spring 2020
CRSE Attributes:
NONE

RES 3250 - Advanced Real Estate Modeling

Description:
Apply advanced modeling techniques to underwrite and value commercial real estate assets, Argus certification, excel based modeling. Monte Carlo simulation, Google sketch-up, partnership waterfall modeling.
Prerequisites:
RES 3150
Credit Hours:
3
Last Offered:
Spring 2021, Fall 2020, Spring 2020, Spring 2019
CRSE Attributes:
NONE

Plus one of the following:

ECO 3112 - Public Sector Economics

Description:
The economic roles of various levels of government and the theory and practice of public expenditure and taxation. Government's impact on the allocation of resources and the distribution of income in a mixed economy.
Prerequisites:
ECO 1001 or SBI 2005
Credit Hours:
3
Last Offered:
Fall 2021, Spring 2021, Fall 2020, Spring 2020
CRSE Attributes:
Writing Enhanced Requirement; Writing Enriched Requirement

RES 2340 - Contemp Topics in Real Estate

Description:
Contemporary topics in Real Estate: Contemporary issues and topics in Commercial real estate including valuation, sustainability and topics of interest in the current environment. Must be enrolled in one of the following Fields of Study (Major, Minor, or Concentration): Real Estate
Prerequisites:
RES 3150
Credit Hours:
3
Last Offered:
Fall 2020, Fall 2019, Fall 2018, Spring 2018
CRSE Attributes:
NONE


 

REQUIRED MAJOR COURSES - CLASS OF 2023 OR BEYOND

RES 2150 - Real Estate Fundamentals

Description:
An introduction to the field of real estate, includes the following broad topical areas: the legal nature of real estate, valuation and appraisal, real estate finance, and the secondary mortgage market.
Credit Hours:
3
Last Offered:
Fall 2021, Spring 2021, Fall 2020, Spring 2020
CRSE Attributes:
NONE

RES 2250 - Real Estate Law

Description:
Topics in real estate law: ownership, possession and management of land and buildings, landlord and tenant, nonpossessory rights, contractual documents and agreements, transfer of rights; title insurance, moral and ethical dimensions, financing the transaction, litigation and claims involving real estate.
Credit Hours:
3
Last Offered:
Fall 2021, Spring 2021, Fall 2020
CRSE Attributes:
NONE

RES 3150 - Real Estate Investments

Description:
Valuation of commercial real estate properties including discounted cash flow approach. Pro forma accounting statement modeling, cash flow forecasting, lease price determinants, initial and exit cap rate determination and ultimately valuing actual real estate properties. The "four food groups" of commercial real estate.
Prerequisites:
RES 2150
Credit Hours:
3
Last Offered:
Fall 2021, Spring 2021, Fall 2020, Spring 2020
CRSE Attributes:
NONE

Plus two of the following:

3 cr. choose from:

  • ECO 3112 - Public Sector Economics, OR
  • ECO 3140 - Urban Economics

FIN 2350 - Real Estate Capital Markets

Description:
Public real estate debt and equity markets. Mortgage Backed Securities, Commercial Mortgage Backed securities, Collateralized Mortgage Obligations, Prepayment Modeling, Real Estate Equity Valuation.
Prerequisites:
(FIN 2227 and FIN 2323 and FIN 2114)
Credit Hours:
3
Last Offered:
Spring 2021, Spring 2020, Spring 2019, Spring 2018
CRSE Attributes:
NONE

Note: The following courses may not double count for another major.

  • ACC 2410 - Accounting for Real Estate
  • ECO 3112 - Public Sector Economics
  • ECO 3140 - Urban Economics
  • FIN 2350 - Real Estate Capital Markets


 

REQUIRED MINOR COURSES

*Indicates a required course.

Daniel M. DiLella Center for Real Estate

Dedicated to producing tomorrow’s leaders in commercial real estate and fostering a community that shares knowledge and experiences.  

  


The Clay Center at VSB/ O’Donnell Center for Professional Development
Bartley 1054
The Clay Center Team/O’Donnell Center Team

Office Hours: Monday - Friday 8 a.m. - 5 p.m.

ENRICHING OUR STUDENTS