Assess the critical elements of the real estate development process from start to finish through the lens of an investor. In this accelerated three-day course, you’ll join a wide range of global professionals from the real estate, banking, finance/investment, and insurance industries to master frameworks for assessing, managing, and pricing risk in real estate development—and acquire proven strategies for determining whether to move forward with a project.
This course may be taken individually or as part of the Professional Certificate Program in Real Estate Finance & Development.
Designed to analyze the real estate development process primarily from the perspective of the equity participant, the Commercial Real Estate Development course concentrates on the identification and evaluation of critical assumptions related to permitting strategies, financial feasibility, construction contract choice, project delivery methods, and negotiating key terms of equity financing for economically viable commercial real estate developments. Inherent risk factors and ways to manage risk are also explored.
All phases of the development process are examined: idea conception, marketability, financial feasibility, contract negotiations, and debt and equity financing. During this intensive three-day course, prominent practitioners and real estate attorneys will join the lectures and review, in detail, two common contracts utilized in the development process—a Joint Venture (LLC) Agreement and a Construction Loan Agreement.
Certificate of Completion from MIT Professional Education
The type of content you will learn in this course, whether it's a foundational understanding of the subject, the hottest trends and developments in the field, or suggested practical applications for industry.
- Fundamentals: Core concepts, understandings, and tools - 40%
- Latest Developments: Recent advances and future trends - 10%
- Industry Applications: Linking theory and real-world - 50%
How the course is taught, from traditional classroom lectures and riveting discussions to group projects to engaging and interactive simulations and exercises with your peers.
- Lecture: Delivery of material in a lecture format - 40%
- Discussion or Groupwork: Participatory learning - 60%
What level of expertise and familiarity the material in this course assumes you have. The greater the amount of introductory material taught in the course, the less you will need to be familiar with when you attend.
- Introductory: Appropriate for a general audience - 65%
- Specialized: Assumes experience in practice area or field - 35%