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Real Estate Management
Real Estate Management
- REM 300 - Introduction to Real Estate ManagementCourse DescriptionThis first course in real estate introduces students to the nature of real estate and real estate markets. A broad range of real-estate related topics is introduced, including basic real estate economics, basic real estate legal principles, valuation techniques, mortgage mathematics, property management, buying and selling and leasing. Students will learn the basic concepts associated with purchasing a real estate property in Canada.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
- REM 400 - Real Estate Finance ICourse DescriptionThe first main topic in real estate finance is mortgages. Students learn how mortgage markets work and how to perform basic and intermediate mortgage calculations and analysis. The second topic is the valuation of income-producing real estate properties. Students will learn the standard techniques used by investors in valuing a property, including making projections of rents, expenses, taxes and mortgage debt servicing, and basic discounted cash flow, net present value and net effective rent calculations.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Antirequisites:FIN 707
- REM 420 - Sustainability in Real EstateCourse DescriptionThis course will introduce students to real estate in the context of global pressures to reduce our collective impact on the planet. Topics covered will include energy, carbon, water, materials and biodiversity footprints of buildings and communities, social handprints, responses to those pressures from governments, NGOs and industry itself, best practices, and leading innovations in real estate. Green building systems will be considered, as well as hard metrics, and the future will be debated.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 300
- REM 500 - Real Estate Development and Project MgmtCourse DescriptionReal estate development is the process of creating new real estate properties. Students will learn the roles of the key players in this process, including municipal governments, property developers, architects, contractors and others. They will learn how the project is managed, from the inception of the idea, to market research, design, public sector approval, contract negotiation, construction and marketing. Students will learn the nature of development risks and techniques to manage development risk.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 300
- REM 520 - Real Estate Economics ICourse DescriptionIn this course students study a variety of economic concepts that are critical to understanding how real estate markets function. Topics include firm and household location decisions, the factors affecting the demand and supply of real estate, the role of local governments in real estate markets, and urban structure, function and growth.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
- REM 600 - Housing and Construction ManagementCourse DescriptionThe focus in this course is the housing market, including condominiums, single-family homes and large land development projects. Topics in this course include demographic analysis, housing design, site planning, public relations and the municipal approval process. Particular attention is paid to the physical structure of residential properties and the management of the construction process.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 500
- REM 620 - Real Estate Finance IICourse DescriptionThis second course in real estate finance extends the techniques learned in REM400 and applies them to the project development context. Students will learn how to evaluate whether a new real estate development or investment property purchase is appropriately profitable. In addition, students will be introduced to the advanced topics of mortgage-backed securities, real estate investment trusts and real estate portfolio analysis.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 400
- REM 660 - Real Estate Strategic ManagementCourse DescriptionReal estate is managed at the property level by property managers, at the asset level by asset managers, and at the portfolio level by portfolio managers. Asset managers make decisions relating to leasing, capital improvements and financing for a single property. Real estate portfolio managers allocate financial resources, manage property risk, and supervise transactions across a portfolio of properties. This course introduces students to the key concepts across these levels of real estate management.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 500
- REM 700 - Real Estate ValuationCourse DescriptionMuch of the wealth created in real estate is by individuals and corporations who can add value to a site or building. What is this process and how is value determined? Students will learn the three approaches to valuation: the sales comparison approach, the cost approach and the income approach. Through these processes, students will develop an appreciation of the components of value and how value can be impacted by a variety of elements, and how value can be added.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 400
- REM 750 - Real Estate Economics IICourse DescriptionThe focus of this course is on conducting real estate research as it would be done by developers or real estate consultants. Students will learn the key sources of information for this research and the basic analytical techniques for a wide range of property types.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00Prerequisites:REM 520
- REM 800 - Real Estate Project CapstoneCourse DescriptionThis final course in real estate unites topics covered in earlier real estate courses. A focal point of the course is a large group project that combines financial analysis, management topics, economics, government and policy issues, sustainability, and legal issues, implemented using quantitative analysis, strategic analysis, successful teamwork and effective written and oral communication. Current issues in the real estate market will be addressed through the use of guest speakers from industry.Weekly Contact:Lecture 3 hrs.GPA Weight:1.00Billing Units:1Count:1.00
