In many respects, LDEV 687 serves as the foundation of the MLPD program's core curriculum. Candidates are introduced to the essential due diligence activities that are conducted during development site acquisition and pre-development feasibility analysis.
Basic real estate principles taught in this course include the following:
Property ownership rights and interests,
Contracts and conveyance,
Site specific analysis of property markets,
Project marketability, and
Legal and physical challenges.
Selected residential, income property development projects, and case studies are analyzed with respect to the following due diligence determinations:
Financial feasibility,
Legal, social and entitlement feasibility,
Physical feasibility,
Site analysis, and
Product design.
Below are the some of the key outcomes of LDEV 664:
Techniques and data sources for market analysis for development,
Analysis for housing development,
Trade area analysis and market analysis for retail development,
Analysis for office, and
Industrial parks and for specialized development.
This course is an interface between the physical and financial dimensions of design and development. The intent LDEV 668 is for MLPD candidates to achieve an understanding of building and project economics. Ultimately, candidates are taught to create physical products and financial ventures that incorporate the following:
Feasibility analysis,
Sustainable responses to social and environmental concerns, and
Sustainable responses to market economies.
FINC 670 Provides a foundational understanding of economic and financial analytical techniques used to evaluate income-producing real estate properties. Candidates gain the following knowledge:
Mathematics of present value analysis,
How to estimate market and investment values, and
How to evaluate the financial feasibility of real estate projects.
LDEV 661 Introduces MLPD candidates to the methods and techniques used to maximize the productive potential of a development site. Emphasis is placed on the following:
Analyzing the opportunities and challenges inherent in every property;
Efficient infrastructure, product design, and construction; and
Creating products that meet, or exceed, development expectations.
Through LDEV 668, candidates are educated in the strategies, methods, and techniques used in residential land development. Below, are some of the key subjects of this course:
Residential land development business organizations,
Ownership structures,
Single family lot deal structuring,
Feasibility,
Financing and financial analysis, and
Planning and design.
In commercial real estate law, candidates are educated in the following topics:
Ethics in the marketplace,
Estates in land,
Business organizations,
Leases and lease analysis,
LEED and building classifications,
Retail lease forms,
Office building lease forms,
Sales and purchases of property,
Legal descriptions,
Earnest money contracts,
Deeds,
Title insurance,
Closings, and
Real estate lending.
Through a required internship, MLPD candidates are exposed to professional practice that is conducted under the approved arrangement with public, or private, land and/or real estate development agencies that are located within the United States or abroad.
Key topics covered in LDEV 669 include the following:
Commercial land development program identification;
Implementation and completion strategies utilized to produce socially acceptable, environmentally sustainable and financially feasible properties;
Site evaluation;
Financial feasibility; and
Investment analysis.
LDEV 663 Focuses on the management of the land development projects from land acquisition through project dissolution. Emphasis is placed on office and field operations during the following phases:
Pre-development,
Development construction, and
Post development.
LDEV 671 Students conduct in-depth studies concerning sustainability perspectives, to include the following:
Values,
Rights,
Property, and
What constitutes an optimum human environment.
Sustainability principles and case studies emphasize on-the-ground, incentive-based land developments that balance economic growth with environmental quality.
During a required capstone course, MLPD candidates are placed into multidisciplinary teams that create plans and venture structures for selected residential and non-residential development projects of varying sizes, with respect to the following:
Economic feasibility,
Cash flow, and
Site and design plans and costs.