ABUS4217: Real Estate Development: Process and Tools

Real estate development creates and alters our built environment. Working with architects, engineers, contractors, financing teams, government, and a host of consultants, real estate developers transform ideas into buildings, and with this, the spaces in which we live, work, and play. So, how do developers identify good and bad opportunities, and then, once committed, manage a wide group of stakeholders, often with disparate interests, to get the project completed and operating as planned? It is a challenge every step of the way, with a myriad of risks and obstacles to overcome, but with significant potential rewards. This course traces the development process from beginning to end, introducing foundational knowledge in project feasibility analysis and financial modeling, and integrating real world examples via case studies and interviews with Twin Cities-based practitioners. Prereq: 45 credits. Familiarity with finance and accounting concepts helpful.

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