Syllabus

Syllabus - Subject to Change for Guest Speakers

Class 1 - 2/7/05
Introductory Materials

Preliminary Course Coverage
Methodology of Course
Final Project and Expectations
Relationship of New Information Technologies to Real Estate Development

Class 2 - 2/9/05
Investment/Business Parameters and Expectations

What are the competing alternatives for investment capital? What distinguishes investment in real estate from Stocks, Bonds, Mutual Funds, Government Certificates, other Business Ventures, and traditional savings accounts? What are some of the investment backed expectations of participants in the real estate market? What are distinguishing characteristics of management, capital, debt, risk, liquidity and other aspects of real estate versus other investment alternatives?

Class 3 - 2/14/05
Introduction to Investment Organization - Choice of entity form for real estate investments; Capital, Debt, Management and Longevity

Investment Organization

A Threshold Decision: Choice of Entity and Organization Form For the Acquisition, Development and Holding of Title to Real Estate

Class 4 - 2/16/05

Profits and Returns - The Investment Rational

Investors may be looking for net operating income, sheltered appreciation opportunities, tax benefits, such as depreciation and capital gains structures, or other economic characteristics of an investment return involving real estate? How do real estate investors inventory, organize and evaluate risk and returns on real estate investments? Are these the same factors and criteria used by real estate brokers, appraisers, lenders, or passive investors in the real estate investment?

Class 5 - 2/21/05

Assignment Portal

Class 6 - 2/23/05

In the Draft Partnership Agreement One, which follows, please construct a list of the major issues regarding partnership formation, management and dissolution based on what is included in the Agreement and what is left out. What would you add? What would you modify? What would you delete? Why? Be prepared to discuss.

Partnership Agreement One

Class 7 - 2/28/05

Land Acquisition and Regulation - An Overview of land acquisition, Zoning, Site Plan Approval, Variance/Minor Modifications

Class 8 - 3/2/05

Building Codes, Fire Codes, Disability Act(s)

Class 9 - 3/4/05

The Nature and Function of Leasing: Property and Economic Variables

Sample Leases

To Be Determined Balance of Semester Spring 2005

Class 10 - 3/ /05

Class 11 - 3/ /05

Class 12 - 3/ /05