USC Schedule of Classes

Advanced real estate principles. Underwriting property valuation and deal structure including risk and return. Debt and equity markets; difference between development and existing assets.

Linkages between national and regional economies and the performance of the real estate sector. Anticipating development trends. Public policy applications.

Fundamental principles of real estate analysis; economics; capital markets; development decision making; relationships between real estate markets and federal, state and local government policies; property value.

Introduction to the general principles of finance with application to real estate development, including capital markets, financial institutions, valuation and risk management.

Theory and methods of real estate finance and investment. Real estate investment analysis, real estate entities, taxation; introduction to securitization of real estate equities, debt.

Managing the building phase of development. Architectural and engineering aspects of construction management for the real estate developer.

Approval process for real estate development including land use entitlement, site selection, zoning, environmental review, community and government relations, infrastructure financing, ethical issues, negotiation skills.

The concepts, language, and metaphors of design-related disciplines are examined in relation to design and construction values and choices in real estate development.

Comparative study tour focused on understanding international real estate development practices and markets, site visits and meeting with principals.

Research leading to the master's degree. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC.