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Image: CityPlace,
courtesy The Related Group of Florida.
Introduction to
Finance for Real Estate Development
January 6-8, 2005 at the University of
Miami in Coral Gables, FL
click here for
Registration Form
click here for
Course Location and Directions
click here
for Program
click
here for Instructors' Bios
click
here for pre-course learning unit on basic concepts
click
here for course presentations and spreadsheets
"Form follows finance." The vision, planning,
architecture, and design of great places depend on the ability of developers to
project, secure, and manage the necessary financing. Successful real estate
development relies on sound financing, whether the scope is a single building or
an entire planned community, and whether the type is residential, retail,
office, industrial, or a mix of uses.
This intensive introduction to real estate finance
teaches the
basic concepts and tools used to analyze the financial feasibility of real estate
development. The seminar provides those
without a strong financial background with the necessary training to communicate
effectively with real estate professionals. The course includes case
studies and class sessions with experienced real estate educators and
practitioners. Although no prior background in finance is needed, there is
required reading prior to the course.
This seminar
will educate attendees on:
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Revenue and expense analyses
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Measures of
internal rate of return on investment
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Financial
leverage and financial risk
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Lenders'
algebra and basic market analysis
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Real estate
development case studies, including material on developing New Urbanism and
Smart Growth real estate projects
Instructors:
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Tod McGrath,
lead course instructor, is
a finance instructor in MIT's Department of Urban Studies and Planning. He
has taught real estate finance and investments, real estate capital markets,
and spreadsheet analysis at MIT, and has analyzed numerous real estate
transactions for developers, institutional investors, lenders, and tenants.
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Charles C.
Bohl is a research associate professor and director of the Knight Program in
Community Building, University of Miami School of Architecture.
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Lynn
Fitzpatrick is a consultant to government and private sector developers.
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William
Gietema, Jr. is co-founder and CEO of the Arcadia Realty Company, which has
developed more than twenty residential and mixed-use communities in Dallas-Ft
Worth, Austin, and San Antonio, Texas. These projects have spanned the
development spectrum from greenfield to infill and greyfield. Bill is
responsible for the company’s entitlements, land planning and development
operations. He holds a master’s degree in Real Estate Development from the MIT
Center for Real Estate.
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Dr. Andrea J.
Heuson is an associate professor in the Finance Department at the University of Miami
School of Business.
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Lee S. Sobel
is a specialist with the U.S. EPA Smart Growth Program.
Tuition:
$900 ($450 for public sector/nonprofit employees
and UM faculty, staff, and students)
$120 for FL AIA Continuing Education credit
For more information:
Please contact Julia Pizarro at 305.284.3731 or
e-mail Kim Pou at kpou@miami.edu.
Click here
for registration form.
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