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 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.

REQUIRED CO-MAJOR COURSES -
CLASS OF 2021 AND 2022

Description: Ownership, possession and management of land and buildings; landlord and tenant, transfer of rights; title insurance; moral and ethical dimensions; comparison with other legal systems.

  • Credit Hours: 3
  • Last Offered: Spring 2020, Fall 2019, Spring 2019, Fall 2018
  • CRSE Attributes: NONE

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: VSB 2009 or (VSB 2030 and VSB 2040) or VSB 2010 or FIN 1113 or RES 2150
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

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: 3150
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Spring 2019, Spring 2018
  • CRSE Attributes: NONE

Description: Senior capstone class that focuses on the development process from land acquisition to final product incorporating real time real estate development projects. Specific topics include land acquisition, tax issues, optimal land use decisions, architectural and sight design, contracting and construction, leasing and marketing of properties and optimal exit strategies.

  • Prerequisites: RES 3150
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

Plus one of the following:

Description: Accounting for both private and public real estate entities, acquisitions, development, operations, dispositions, impairments and fair value implications of real estate transactions and ownership.

  • Prerequisites: ACC 2310
  • Credit Hours: 3
  • Last Offered: Fall 2020, Fall 2019, Fall 2018, Fall 2017
  • CRSE Attributes: NONE

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
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Spring 2019, Spring 2018
  • CRSE Attributes: Writing Enhanced Requirement; Writing Enriched Requirement

Description: Utilizes economic theory to examine the major contemporary issues confronting urban areas; explores economic solutions to the problems of housing, transportation, education, poverty, crime, growth, employment, taxes and redevelopment.

  • Prerequisites: ECO 1001 and ECO 1002
  • Credit Hours: 3
  • Last Offered: Spring 2019, Fall 2017, Fall 2016, Fall 2015
  • CRSE Attributes: NONE

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 2020, Spring 2019, Spring 2018, Fall 2017
  • CRSE Attributes: NONE

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.

  • Prerequisites: Must be enrolled in one of the following Levels: Undergraduate Must be enrolled in one of the following Colleges: School of Business Engineering
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Spring 2019, Spring 2018
  • CRSE Attributes: NONE

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

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 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

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.

  • Prerequisites: Must be enrolled in one of the following Levels: Undergraduate Must be enrolled in one of the following Colleges: School of Business Engineering
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Spring 2019, Spring 2018
  • CRSE Attributes: NONE

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: VSB 2009 or (VSB 2030 and VSB 2040) or VSB 2010 or FIN 1113 or RES 2150
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

Description: Senior capstone class that focuses on the development process from land acquisition to final product incorporating real time real estate development projects. Specific topics include land acquisition, tax issues, optimal land use decisions, architectural and sight design, contracting and construction, leasing and marketing of properties and optimal exit strategies.

  • Prerequisites: RES 3150
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

Plus two of the following:

Description: Accounting for both private and public real estate entities, acquisitions, development, operations, dispositions, impairments and fair value implications of real estate transactions and ownership.

  • Prerequisites: ACC 2310
  • Credit Hours: 3
  • Last Offered: Fall 2020, Fall 2019, Fall 2018, Fall 2017
  • CRSE Attributes: NONE

3 cr. choose from:

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

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 2020, Spring 2019, Spring 2018, Fall 2017
  • CRSE Attributes: NONE

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

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: 3150
  • Credit Hours: 3
  • Last Offered: Fall 2020, 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

Description: Ownership, possession and management of land and buildings; landlord and tenant, transfer of rights; title insurance; moral and ethical dimensions; comparison with other legal systems.

  • Credit Hours: 3
  • Last Offered: Spring 2020, Fall 2019, Spring 2019, Fall 2018
  • CRSE Attributes: NONE

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: VSB 2009 or (VSB 2030 and VSB 2040) or VSB 2010 or FIN 1113 or RES 2150
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

Description: Accounting for both private and public real estate entities, acquisitions, development, operations, dispositions, impairments and fair value implications of real estate transactions and ownership.

  • Prerequisites: ACC 2310
  • Credit Hours: 3
  • Last Offered: Fall 2020, Fall 2019, Fall 2018, Fall 2017
  • CRSE Attributes: NONE

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
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Spring 2019, Spring 2018
  • CRSE Attributes: Writing Enhanced Requirement; Writing Enriched Requirement

Description: Utilizes economic theory to examine the major contemporary issues confronting urban areas; explores economic solutions to the problems of housing, transportation, education, poverty, crime, growth, employment, taxes and redevelopment.

  • Prerequisites: ECO 1001 and ECO 1002
  • Credit Hours: 3
  • Last Offered: Spring 2019, Fall 2017, Fall 2016, Fall 2015
  • CRSE Attributes: NONE

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 2020, Spring 2019, Spring 2018, Fall 2017
  • CRSE Attributes: NONE

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.

  • Prerequisites: Must be enrolled in one of the following Levels: Undergraduate Must be enrolled in one of the following Colleges: School of Business Engineering
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Spring 2019, Spring 2018
  • CRSE Attributes: NONE

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

*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.

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