Professional Development Institute
Innovations Course
Innovations in Real Estate Development
March 24-25
Course Overview
The complex challenges of real estate development require creative real world solutions. This course is designed to provide participants with an introduction to significant areas of innovation in the field.
Form Based Code. Increasingly cities are rethinking urban planning and looking for models which offer greater flexibility. By focusing less on land use and more on creating a specific urban structural landscape, form based code seeks to achieve a built environment which adheres to a form and scale consistent with successful urbanization. Steve Heikin, Partner at ICON architecture will bring his experience with Form Based Code in Lowell, Massachusetts to this section.
Real Options in Real Estate Development. The forward-looking ideas embodied in “real options theory” provide developers with the option of contracting, growing, or sitting pat with a development project. Leading this session will be MIT professor David Geltner who is working to apply the options methodology to the development process in an effort to create greater flexibility for projects.
Life Care Development. Assisted living developments epitomize the need for flexibility. Given technological advances within healthcare, the future direction of this industry is unknown. This session provides participants with the opportunity to examine an innovative business model for a growing segment of the population and to apply some of the innovations described in earlier segments of the class. Alison Carnduff, Senior Vice President, with Benchmark Assisted Living will lead this discussion.
Course Objectives
- Identify applications of form-based code
- Understand the use of “real options” theory in real estate development
- Envision the future of life care development
Who Should Attend
The course is aimed at those with real estate experience who want to be on the forefront of innovations in real estate development.
Instructor
Marion Cunningham is the chief operating officer at the MIT Center for Real Estate and a member of the senior management team. Before coming to the Center, Marion worked as a team leader in the commercial real estate lending department of The Bank of New York, where she had a ten-year career. Prior to that, she was an assistant project manager for The Rouse Company. She is a graduate of MIT's Master in City Planning program.
Registration + Fees
Course Fee: $1,500. The program fee covers tuition, course reader, continental breakfast, and light refreshments. Registration and payment must be made at least one week prior to the course start date. Course information, including the reader, will be made available once payment is received.
For additional information, please contact:
PDI Program Coordinator
MIT Center for Real Estate
Office of Professional Education
+1 617-253-6193
mit-cre@mit.edu
