CRP 389C
Research in Land Development: Income-Producing Real Estate

Instructor: Steve Ross
Time and Place: MW 9-10:30am Sutton 2.102

No Prerequisites

This course privileges an enterprise entrepreneurial perspective on income-producing real estate development and investment.

The underlining objective of this course is the belief that to achieve their objectives, planners and designers must understand the fundamentals of real estate investment and development (both theory and practice).

To this end, the course will be conducted much like a traditional seminar, in which students will take an active role in discovering and articulating the standard principles and processes (both public and private) of real estate investment and development in the U.S.

This investigation will be coupled with proprietary (original) research culminating in both the preparation of cost estimatates, marketing proposals, financial pro formas, and design of a small income producing property as well as case studies prepared by teams of students and presented to class as a whole.

The case studies will result from student involvement with developers and owners and proprietors of actual projects in the Austin area.

Course topic content will be divided into the four sections, as follows:

1. Real Estate Investment
2. Real Estate Development
3. Case Studies
4. Critical Evaluation

Students will be required, at semester outset, to perform assignments based on real estate investment formulas and principles; including creating a pro forma analysis and marketing feasibility proposal for an income property development; and, tenant surveys/analyses of actual retail tenants leasing space in income property developments. This is intended partly to prepare students to effectively conduct their proprietary research.

Textbook:

Real Estate Investment
by John P. Wiedemer
5th edition (March 2001)
South-Western Pub; ISBN: 0324141750