MSRED Courses
11.340J: Real Estate Development III: Legal Issues in the Development Process
Spring 2009
Instructors
Lynn
Fisher, Assistant Professor, Department
of Urban Studies & Planning
Phone: 617-252-1685
E-mail: lfisher@mit.edu
Jamie Pennington, Lecturer, Center for Real Estate
Phone: 978-356-3838.
E-mail: jpennington@raymondproperties.com
Lecture
Monday, Wednesday, 8:30 - 10:00am
Location: W31-301
Course Information
Description and Objectives
The purpose of this course is to provide students with an understanding of the legal issues that arise in the course of acquiring, owning, developing, financing, managing, and disposing of real estate. Familiarity with the legal aspects of the development process is essential to anyone involved in the real estate business. The course adopts the perspective of the owner. Subjects covered include site control, the form of ownership of the real estate entity, the tax consequences of acquisition, operation and disposition of real estate, the public approval process, the financing, construction, and leasing of development projects and workouts. Classes are organized around analysis and understanding of fact situations and transactions which have been created as teaching vehicles. The course assumes no prior background or familiarity with the law. Enrollment is limited and is by permission of the instructor.
Lecture Dates
The course will meet twice a week on Mondays and Wednesdays. Classes will be taught Socratically, and class participation will count towards the final grade. Students are expected to do the reading in advance of class and to come to class prepared to contribute to class discussion.
