Description
The Real Estate program involves a multidisciplinary approach to the production, financing, marketing, and consumption of the real estate product. Students are exposed to theoretical concepts from urban land economics, economics, consumer behavior, appraisal, investment analysis, and risk theory. Based on this background, the real estate process is analyzed. In addition, the Real Estate program develops a systematic methodology for investment and appraisal analysis within a framework that acknowledges the impacts of taxation, risk, financing structure, governmental constraints, and market context. This framework provides the basis for examining decisions involving real property investment from the developer, lender, and consumer perspectives. Computer applications are used within the curriculum to analyze actual cases.