The focused curriculum in Real Estate is intended to provide advanced Masters students who have previously acquired competency through the completion of core MBA coursework with the tools necessary to understand and pursue a successful career in the real estate industry.
Open to all graduate students as an elective, the introductory survey course exposes you to the workings of the real estate and housing markets, the proper structuring and analysis of real estate projects, and the operations of the various sectors of the industry. If you intend to focus on real estate, you are required to select four additional elective courses. At least two should be chosen from within the real estate program. You may also choose more broadly from a select list of courses across the Merage School graduate selections or from the University that allow you to study specific areas of interest in depth. Finally, you must complete a capstone seminar dealing with strategic management issues affecting the real estate enterprise.
The real estate curriculum is intended to be analytic, yet applied, and will be frequently supplemented with case studies, guest speakers from the real estate industry, and team projects analyzing real deals. A unique aspect of the program is the availability of a practicum, taught by Green Street Advisors, the preeminent independent research and consulting firm concentrating on REIT’s, which allows the students to manage a portfolio of publicly-traded real estate securities.
You are encouraged to participate actively in the Real Estate Association, which hosts a series of industry professionals and sponsors field trips, to take advantage of the public and executive education programs sponsored by the Center for Real Estate, and to participate in an Internship and Mentorship Program.
Special attention will be paid to structuring of the deal and risk management. Lectures will be supplemented by a number of guest lecturers representing different roles in the development process. The students will have an opportunity to work in teams with a client in putting together a feasibility analysis and optimal deal structure for an actual development project. Prerequisite: 246A or permission of instructor.
246H Practicum in Mixed Use Community Development
This course is a Masters level applied course addressing the community development process. Meetings will be weekly. The instructor will serve as both advisor and coordinator for a series of guest experts from various sectors representing the many functions associated with the creation, marketing, and operation of successful mixed use commercial/residential master-planned communities. An underlying conceptual framework and foundation for understanding such developments in a historical, economic, and social context will first be developed. Guest lectures will not simply provide one-way instruction, but will engage the students in an active dialog involving the complex decision making that is a necessary part of the process. They will sometimes use case studies of their own and others’ projects, which will also occasionally involve field visits to representative communities in Orange County and elsewhere. The capstone exercise for the course, which will fill a significant portion of both in-class and out-of-class time, will involve teams of students working on a specific “real” project using an Orange County site in a “case competition” format. Our guest experts and others from the real estate professional community will act as judges for the competition.
The MBA Certificate in Real Estate and Urban Development
is one of the most comprehensive and carefully crafted graduate real estate programs in the country. The real estate industry has experienced unprecedented change since 2008, and the Center continues to shape its curriculum and provide students the practical skills and theories needed to succeed in an ever-changing marketplace. Our coursework takes a holistic approach to real estate, drawing from the lessons of past cycles and current trends in order to best prepare students for their careers. This contemporary approach to education is highlighted by seven elective courses taught at the Merage School.
As a student in the real estate program, you have the ability to work on individual or team projects within established firms. A hallmark of the real estate curriculum is its action learning approach that exposes you to the world of professional real estate via case studies, individual assignments and team projects at successful firms. Our large professional network of members and friends provide a wide variety of internship opportunities for our students. Our members and friends also form review panels, investment committees and juries to judge and provide constructive feedback on student projects.
In the Mentorship Program, you have the opportunity to shadow senior real estate executives at meetings, presentations and strategy sessions. You also gain one-on-one career guidance from successful industry professionals.