Real Estate Development – BUSI 623

CG • Section 8WK • 07/01/2018 to 12/31/2199 • Modified 07/28/2020

Course Description

This course explores the real estate development process from a leadership and management perspective, including market analysis, site acquisition, planning and design, financing, construction, as well as leasing commitments and on-going management.

Prerequisite:

BUSI 530

Rationale

This course provides a comprehensive study of the development of the built environment. The study focuses on the planning and management of the complex challenges in the commercial real estate development process of various asset types.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Describe the real estate development process.
  2. Explain the 10 milestones in the development process.
  3. Evaluate influences on real estate values.
  4. Analyze the investment potential of different income producing properties.
  5. Describe the major property development types.
  6. Evaluate highest and best use.
  7. Apply biblical principles within the field of real estate development.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (7)

Discussion boards are collaborative learning experiences. Therefore, the student will complete seven discussion boards in this class. Each thread must be 500–750 words and include at least three citations. In addition to the thread, the student is required to reply to 2 classmates’ threads. Each reply must be 450–600 words and include two citations. All citations must follow current APA formatting. The student will cite the specific verse(s) for at least one Biblical principle he or she feels is relevant to the situation (explain how and why it applies).

Essay (7)

There will be seven essay assignments that will be a further investigation of the principles that are presented in the textbook. These assignments are comprehensive and must be completed individually by the student. Additional research beyond the textbook will be required. All references must follow current APA format.

Development Project

The Development Project will be a comprehensive proposal and pro-forma financial analysis of a proposed real estate development. The student will be placed in a group and complete a ground-up real estate development proposal for a residential, retail or office development. The paper should reflect professional writing, current APA standards, and include at least 10 scholarly references (e.g., peer-reviewed journal articles). The body of this essay must be 2,500–3,750 words in length, not counting the title page and reference page, and integrate a biblical worldview within the context of real estate development. Participation by all group members is required.