MSRED Core Courses for 2007-2008
- 11.431, 15.426J Real Estate Finance and Investment
- 11.433, 15.021J Real Estate Economics
- 11.950 Real Estate Development I
- 11.340J, 15.658J Legal Issues in the Development Process H2 (4/2 - 5/17)
- 11.432/15.427 Real Estate Capital Markets H1 (2/6 - 3/23)
- 11.303J, 4.254J Real Estate Development
Cross Registration Information for MIT and Harvard Students
11.431J, 15.426J Real Estate Finance and Investment
Instructors: David Geltner and Tod McGrath
Location: W31-301
Mon/Wed, 4:00 - 5:30pm
Recitation: Wed, 5:30 - 7:00pm
Concepts and techniques for analyzing financial decisions in property development and investment. Topics: Basic real estate economics and investment performance measurement, leasing and property income streams, pro forma analysis, basics of equity and debt valuation, income tax and leverage considerations, and mortgages. First of a two-course sequence: this course focuses on basic topics and the micro level (individual properties and deals).
Top11.433, 15.021J Real Estate Economics
Instructor: William Wheaton
Location: W31-301
Tue/Thu, 1:00 - 2:30pm
Recitation: Mon, 5:30 - 7:00pm
Analysis of the macro economic factors that affect real estate supply and demand and create market cycles. Development of the theory of land markets and locational choice. Studies of changing economic activities, demographic trends, transportation and local government behavior as they affect real estate. Lectures with computer-based problems using real estate market data.
11.950 Real Estate Development I
Instructor: Lynn Fisher and Tony Ciochetti
Location: W31-301
Tue/Thu, 4:00 – 5:30pm
Recitation: Tue/Thu, 5:30 – 7pm
The objective of this course is to deliver the information, skills, and techniques associated with the creation and management of the physical products of real estate created through the process of real estate development. It is intended to expose students to the general skills, techniques, and processes associated with each of the functional areas involved in real estate development so that student can organize and lead the development process. The course also seeks to assess the fundamental characteristics of the real estate development industry, its products, contracts, regulatory and legal context, and its markets. Students will work in teams to create a development
proposal for a particular development opportunity.
11.340J, 15.658J Legal Issues in the Development Process H2 (3/31 - 5/15)
Instructors: Lynn Fisher and Jamie Pennington
Location: W31-301
Mon/Wed, 8:30 - 10:00am
Examines, from the owner's perspective, the legal issues that arise in the acquisition, development, management and disposition of real estate. Topics include offers/purchase and sale agreements, organization of the ownership entity, environmental permitting, financing, construction, taxation, leasing, and workouts.
11.432/15.427 Real Estate Capital Markets H1 (2/5 - 3/21)
Instructor: David Geltner
Location: W31-301
Tue/Thu, 2:30 - 4:00pm
Recitation: Thursdays, 5:30 - 7:00pm
This course introduces and surveys the major public capital market Real Estate vehicles, REITS, and CMBS.
11.303J, 4.254J Real Estate Development
Instructor: Dennis Frenchman & Peter Roth
Location: 10-485
Mon/Wed, 2:30 - 5:30pm
Focuses on development programming and design, and the integration of marketing and finance with physical planning. Composed of studio projects interspersed with lectures, field trips, and short sketch problems. Offers students a perspective on the role of the architectural designer in the development process.
