Stanford Alexander Center for Excellence in Real Estate

Curriculum of Courses Real Estate Course Descriptions

Proposed Course Offering: Fall 2014 and Spring 2015


    Fall 2014

  1. FINA 7497 Essentials of Real Estate Principles
    Instructor: Charles J. “Chuck” Jacobus, LLB, Attorney at Law
    • 4 Credits
    • Required/core course for Real Estate Certificate
    • Qualifies for Texas Real Estate Commission (TREC) credit toward license educational requirements, See Note (1) below, for TREC processing
    Introductory, overview course covering all major aspects of real property and estate business, including land title and ownership interests, title, encumbrances and title insurance policies, surveys , laws and regulations controlling real estate, development and construction, financing of real estate, roles and responsibilities of participants in real estate development and related topics.
    Prerequisites: Graduate standing or consent of instructor

  2. FINA 7397 Developing a Real Estate Project
    Instructor: William Brandon Houston, Senior Vice President, Trammell Crow Company
    • 3 Credits
    • Required course in MBA Real Estate Certificate degree program
    • Elective course in MS Finance Real Estate Certificate degree program
    Introduction to the real estate development industry including applied processes and best practices used on actual development projects. The course follows the development process from an entrepreneurial and “deal making” point-of-view. Course topics include market analysis, site selection, project budgeting/financial analysis, land acquisition, marketing and leasing, joint ventures, financing, design and construction management, and dispositions. In addition, this course will utilize case studies to illustrate these practices, and illustrate the multidisciplinary nature of real estate development teams.
    Prerequisites: Graduate standing or consent of instructor

  3. FINA 7380 Real Estate Finance and Investment
    Instructor: Steven J. “Jamie” Bryant, VP Development, Midway
    • 3 Credits
    • Required/core course for Real Estate Certificate
    • Course qualifies toward CCIM educational requirements for CCIM professional designation, See Note (2) below
    This introductory course provides an overview of financing for all major real estate assets as well as the principles and practices of real estate finance and investment. The course will focus on the fundamentals of commercial real estate, the financial tools needed to analyze and make decisions related to real estate, and the variables that need to be identified and quantified as part of that process. The course will also review leverage, and its impact on real estate projects, and how to calculate various forms of debt structures used to finance commercial real estate. The course examines pre and post - tax investment analysis, annual cash flows, sales proceeds at disposition with focus on tax implications and target IRR attainment. In addition, this course will utilize case studies to illustrate these practices, and the real life decision making that takes place by real estate professionals on a day to day basis.
    Prerequisites: Graduate standing and completion of courses: FINA 6387 Managerial Analysis and FINA 6335 Managerial Finance

  4. FINA 7397 Multifamily Residential Real Estate Fundamentals
    Instructors: Jerold “Jerry” Winograd, President, Judwin Properties, Inc. C. David Hargrove, CPM, President, President, Greystone Asset Management, LP
    • 3 Credits
    • Elective course
    This introductory course provides a comprehensive overview of the fundamental aspects of residential multifamily property and the business. The course will explore multifamily market and economic feasibility, acquisition of new sites for development and existing properties for renovation, new development, investment analysis, management of operations, landlord/tenant law, leasing, facilities management, disposition and asset portfolio management.
    Prerequisites: Graduate standing or consent of instructor

  5. CNST 6305 Construction Management Principles
    Instructor: Neil Eldin, UH College of Technologies and Engineering
    • 3 Credits
    • Elective course
    • Course format: On Line Delivery
    This introductory course provides a comprehensive overview of the fundamental aspects of residential multifamily property and the business. The course will explore multifamily market and economic feasibility, acquisition of new sites for development and existing properties for renovation, new development, investment analysis, management of operations, landlord/tenant law, leasing, facilities management, disposition and asset portfolio management.
    Prerequisites: Graduate standing or consent of instructor

  6. Spring 2015

  7. FINA 7397 Advanced Real Estate Finance and Investment
    Instructors:
    Gary Husmann, Senior Vice President Financial and Investment Services, Transwestern, Southwest Region
    John T. Fenoglio, Executive Vice President, CBRE Capital Markets of Texas
    • 3 Credits
    • Elective course
    • Course qualifies toward CCIM educational requirements for CCIM professional designation, See Note (2) below
    This advanced course addresses capital structures for real estate investments, capital markets and real estate based securities. The course also includes a focus on real estate income properties, development of financial proforma projections, analysis of commercial leases and analysis of cash flow derived from various types of commercial leases. The course examines project disposition alternatives with tax implications on IRR and alternative methods of using capital accumulation. Case study examples are drawn from all types of income properties, retail, industrial, office and residential rental properties.
    Prerequisites: Graduate standing and completion of FINA 7380 Real Estate Finance and Investment, or instructor’s approval

  8. FINA 7397 Real Estate Law
    Instructor: Charles J. “Chuck” Jacobus, LLB, Attorney at Law
    • 3 Credits
    • Elective course
    • Qualifies for TREC (Texas Real Estate Commission) credit toward license educational requirements, See Note (1) below, for TREC processing
    Introductory course covering the fundamentals of real property law including ownership interests and title, contracts and leases, transactions, brokerage, environmental and other land use regulatory controls, financing and creditor interests, statute of fraud issues, elements of offer and acceptance, contractual remedies, taxation and related topics.
    Prerequisites: Graduate standing or consent of instructor

  9. FINA 7397 Research Seminar: “Innovation in Real Estate”
    • 3 Credits
    • Elective course
    This seminar is sponsored by the Stanford Alexander Center for Excellence in Real Estate to join practicing real estate professionals together with real estate students to undertake a research project that addresses innovation in the projects and practices of the industry. The research results are published and presented at the Center’s annual symposium, “Innovation.”
    Prerequisites: Graduate standing or consent of instructor

  10. FINA 7397 Residential Community Development and Homebuilding Industry
    Instructor: Will Holder, President, Trendmaker Homes Houston.
    • 3 Credits
    • Elective course
    This class is recommended to students seeking practical enterprise and operational knowledge of the residential development and homebuilding industry. The course will explore exactly how to organize and run a residential construction development company. Students will see how homebuilders manage the fusion of creative processes and manufacturing disciplines that shape one of America’s largest and oldest industries. The course will explore the larger picture of the residential industry itself, profiling the current public and private companies comprising the industry, the people actively shaping the industry today, the departments and leadership positions within residential companies and the earning potential along these career paths. The course will explain the behind the scene business models that drive and sustain these dynamic and challenging residential enterprises.
    Prerequisites: Graduate standing or consent of instructor

  11. FINA 7397 Real Estate Professional Capstone Course
    Instructors: Jonathan Brinsden, CEO, Midway, and Brooks W. Howell, AIA, Project Architect, Gensler
    • 3 Credits
    • Elective course
    The Capstone course integrates the student’s full range of accumulated real estate professional skills and knowledge through a practical “real world” development projects undertaken by an interdisciplinary team of students for a practicing real estate professional client. The work concludes with a project development plan proposal presented by the team to a panel of real estate professionals.
    Prerequisites:
    • Graduate standing
    • Real Estate Certificate Program Admitted
    • Completion of FINA 7380 Real Estate Finance and Investment, FINA 7497 Principles of Real Estate and FINA 7397 Developing a Real Estate Project
    • Or, approval by instructors

  12. FINA 7A97 Advanced Valuation: Principles and Practices
    Instructor: Pius K. Leung, CCIM, CPM, MRICS, CIPS
    • 1.5 Credits
    • Elective course
    This course builds on the FINA 7A10 Intermediate Corporate Finance: Valuation course, which introduces standard valuation tools based on “discounted cash flow” techniques. The learning goal of FINA 7A97 is to fully develop the knowledge and skills associated with valuation of financial assets and projects. The course is structured to intensively develop the underlying valuation concepts as well as analytic methodologies through in-class problems, team assignments and case study exercises. This “applied” course will draw examples and case studies from a variety of industry sectors, including real estate and energy.
    Prerequisites:
    • Graduate standing
    • Real Estate Certificate Program Admitted
    • Completion of FINA 6A35 Managerial Finance and FINA 7A10 Intermediate Corporate Finance: Valuation
    • Or, approval by instructors

  13. FINA 7397 Real Estate Market Analysis - Project Feasibility - Real Estate Valuation
    Instructors: Scott M. Rando, MAI, Senior Managing Director, Valuation & Advisory Group, Cushman & Wakefield of Texas, and Forest R. “ Bob” Christy, Principal, Christy Consulting
    • 3 Credits
    • Elective course
    • Course qualifies toward CCIM educational requirements for CCIM professional designation, see Note (2) below
    This introductory course covers the fundamentals of market research in real estate and determination of development project feasibility. Topics include land economics, shift share analysis, market demand forecasts, and assessment of competitive conditions, determination of market risk plus project vacancy and absorption projections for residential, commercial and mixed use projects.
    Prerequisites: Graduate standing or consent of instructors

Notes:

1) TREC (Texas Real Estate Commission) Real Estate Salesperson/Broker Educational requirements and process for receiving credit for courses offered by UH Bauer Graduate Real Estate Program

2) CCIM (Certified Commercial Investment Member) CCIM Institute University Alliance Program
The educational requirement of the CCIM designation is successful completion of four CCIM courses,

  1. CI 101, Real Estate Financial Analysis
  2. CI 102, Market Analysis
  3. CI 103, User Decision Analysis, and
  4. CI 104, Investment Analysis

Pursuant to the CCIM University Alliance Reciprocal Education Agreement, UH C. T. Bauer College of Business is a partner university and three of Bauer’s academic courses count toward completion of the CCIM academic course requirements:

  1. CI 101 Real Estate Financial Analysis-FINA 7380 Real Estate Finance and Investment
  2. CI 102 Market Analysis-FINA 7397 Real Estate Market Analysis and Valuation
  3. CI 104 Investment Analysis-FINA 7397 Advanced Real Estate Finance and Investment

CCIM recognition of student completion of these three courses toward the CCIM academic course and other requirements are pursued as follows:

To allow the graduates of the Master’s Program at the University of Houston who are interested in becoming a CCIM designee to adhere to the following:

  • Must submit a CCIM University Fast Track Application and apply for Candidacy
  • Must demonstrate proof of completing the university graduate program (transcript and copy of diploma required)
  • Upon approval of the University Fast Track Application, be given credit for the following three core courses:
    • CI 101 – Financial Analysis
    • CI 102 – Market Analysis
    • CI 104 – Investment Analysis
  • Must successfully complete CI 103 – User Decision Analysis course
  • Complete 8 hours of CCIM Negotiations Training
  • Must fulfill CCIM Institute’s portfolio requirement. The portfolio must go through the Institute’s approval process.
  • Must pass the comprehensive exam

 

 

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Time: 9 – 10:30 a.m.
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UH Bauer Graduate
Real Estate Program

334 Melcher Hall,
Houston, TX 77204-6021
Physical Location:
UCBB Room 302
Phone: 713-743-1968
Fax: 713-743-5458
uhgrep@bauer.uh.edu
www.bauer.uh.edu/real-estate