REAL ESTATE (REES)

REES 401 - REAL ESTATE PROCESS

The class reviews real estate finance, law, management and development and is an introduction to all real estate classes. REES 401 and REES 411, Real Estate Finance and Investment, are required for the MSRE.

Credits: 3

REES 405 - URBAN LAND ECONOMICS

Economic theory is applied to planning and public policy questions including the economic functions of cities, location patterns in urban areas, real estate and urban housing, and economic development practices.

Credits: 3

REES 411 - REAL ESTATE FINANCE AND INVESTMENT

Real estate finance and investment tools for project evaluation, financing strategies and capital markets are covered. REES 411 and REES 401, Real Estate Process, are required for the MSRE.

Credits: 3

Prerequisites: REES 401 (may be taken concurrently)

Course Notes: or REES 405 with advisor approval

REES 415 - REAL ESTATE VALUATION

Valuation of commercial real estate using the cost, market, and income approaches to value are presented and evaluated from a decision-maker’s perspective. Professional ethics and standards of professional appraisal practice are extensively explored. Professional quality narrative appraisals using comparable sales, depreciated cost and discounted cash flow are reviewed and analyzed for adequacy and sufficiency. Additional topics studied include cost segregation, portfolio analysis, and litigation support techniques.

Credits: 3

Prerequisites: REES 411

REES 421 - REAL ESTATE LAW

Major legal concepts pertaining to acquisition, use, management, and transfer of real estate are examined. Particular attention is paid to property rights, contracts, and public controls, including zoning.

Credits: 3

REES 425 - REAL ESTATE LEASING

Various types of leasing explored with emphasis on legal effects and practical application to real estate situations.

Credits: 3

REES 431 - REAL ESTATE MANAGMENT & MARKETING

Techniques of property management to meet the needs of tenants as well as the income goals of owners are covered. Marketing efforts are explored in discussions with real estate professionals.

Credits: 3

Prerequisites: REES 411

REES 441 - REAL ESTATE DESIGN & FEASIBILITY

Students are introduced to case studies of recently developed or under-construction projects to understand how architects and developers work together to coordinate design and financial feasibility issues.

Credits: 3

Prerequisites: REES 401 (may be taken concurrently)

Course Notes: (or REES 405 with advisor approval)

REES 451 - PUBLIC/PRIVATE DEVELOPMENT

Students are introduced to the practice of Public/Private development including financing tools such as tax credits, tax increment districts, public bonding, brown field programs and public/private partnerships.

Credits: 3

Prerequisites: REES 411 (may be taken concurrently)

REES 461 - PROJECT AND CONSTRUCTION MANAGMENT

This class emphasizes the principals and practice of good project management with a specific focus on the property construction and development management process.

Credits: 3

Prerequisites: REES 401

Course Notes: or REES 405 with advisor approval

REES 481 - REAL ESTATE DEVELOPMENT

The class examines the development steps for different types of development and the roles of key participants. It includes participation in a real estate competition. Registration is by permission of instructors.

Credits: 3

REES 492 - PROFESSIONAL REAL ESTATE INTERNSHIP

A supervised learning experience at a business or non-profit site by arrangement with the internship coordinator and program director. Maximum of 3 credit hours can be applied to graduate business program.

Credits: 1-3

Attributes: Transformational Service Learning

REES 493 - SPECIAL TOPICS IN REAL ESTATE

A special topics class is offered annually. Recent topics have included impact of foreclosures on cities and “green” sustainable development. Upcoming topics have not yet been identified. Check class schedule for specific topics and prerequisites by clicking on the red five-digit CRN.

Credits: 3

REES 495 - INDEPENDENT STUDY IN REAL ESTATE

Intensive study of a real estate topic under the direction of a real estate faculty member. Project is selected by the student with approval of the supervising faculty member, school director, and dean.

Credits: 1-3