XRCM 4007 Real Estate Financial Analysis (4 Credits)

Alternative analysis formats that can be applied to a wide array of real estate analysis issues; simulates working/decision-making environment; structured overview of analysis tools focused on specific facets of multidimensional real estate decision-making environment; applications in investment analysis, feasibility analysis, valuation, market analysis, and report writing and presentation. Prerequisite: XRCM 4407.

XRCM 4010 Real Estate Capital Markets (4 Credits)

This course will expose students to the Commercial Real Estate Capital Markets that have evolved from exclusively private in the 1980s to a mix of private and public, including commercial mortgage backed securities (CMBS) and real estate investment trusts (REITs), in the 1990s. Any person involved in real estate today must understand all the alternative capital sources available and their requirements. Students will be exposed to the positives and pitfalls of all the capital market products. This course will provide students with the general concepts and definitions. A combination of lectures, guest lectures from industry experts, text & article readings, class discussions, and case studies using real life examples. Prerequisite: REAL 4007.

XRCM 4140 Global Immersion (4 Credits)

Inbound U.S. and outbound U.S. real estate topics, with a mix of cultural issues that impact real estate transactions. Application of sustainability concepts is important in this course dealing with international real estate. This course will require pre-travel preparation for projects followed by 1-2 weeks of abroad travel which will include working with host universities, students and industry partners.

XRCM 4155 Sustainable Development (4 Credits)

The course includes many case studies of historic and contemporary structures exemplifying various sustainability features. Emphasis is placed on how LEED project certification influences the overall construction project. Topics include techniques for sustainable sites, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality, innovation and design. The following topics are covered from a LEED perspective: ventilation, air conditioning, heating, electrical lighting, energy efficiency, and building control systems. The student studies and analyzes how management and techniques are applied to current construction projects.

XRCM 4320 Introduction to Architecture and Design Management (2 Credits)

This course introduces students to the significant value that architecture brings to real estate and the built environment and the various services and professions associated with it. Students will be introduced to principles, protocols and the planning process related to the design function and the link between the architect’s vision and the finished physical structure. Students will be introduced to design, thinking, theory and application. Student will learn to read and interpret the various graphical and written construction documents as well as know how they are developed and what information they contain. Architectural, structural, mechanical, electrical, plumbing and civil drawings and specifications are covered. The business model for design services will be explored as well as the unique risks and challenges associated with managing the design throughout the various stages of development and construction.

XRCM 4347 Property and Asset Management (4 Credits)

This course offers a comprehensive introduction to property management, asset management, and portfolio management. It explores the full scope of real estate management with a particular emphasis on its ultimate objective: enhancing value for investors. Students will examine how value is created by increasing revenues—through effective leasing, marketing, tenant retention, and tenant relations—and by reducing operating expenses through preventative maintenance, capital improvements, energy management, and other cost‑saving strategies. The course also highlights the role of asset managers in helping landlords and owners achieve their goals and maximize the performance of their real estate investments.

XRCM 4407 Income Property Finance (4 Credits)

Conventional and alternative (creative) financing techniques, mortgage banking, law and markets, loan underwriting analysis, the impact of monetary and fiscal policies on the real estate and mortgage markets, emphasis on case studies and microcomputer applications.

XRCM 4410 Construction Building Systems (4 Credits)

A survey of residential and commercial construction materials, means, and methods associated with the various structural and architectural systems used to design and construct buildings. Project plans and specifications are incorporated to teach the basic sequencing and overall construction process. The influence of sustainability in construction is introduced.

XRCM 4417 Real Estate Valuation & Appraisal (4 Credits)

Residential/Commercial appraising, including market cost and income approaches to value, gross rent multiplier analysis, neighborhood and site analysis, valuation of income properties including market cost and income approaches to value, capitalization theory and techniques, mortgage-equity analysis, and investment value concepts. Prerequisite: XRCM 4407.

XRCM 4467 Real Estate Market Analysis (4 Credits)

Commercial real estate development analysis and feasibility includes economic base analysis, tenant demand analysis, development and construction cost analysis, lease-up analysis, financial feasibility, leasing and property management practices. Five major property types (office, industrial, retail, apartment and hotel) are covered.

XRCM 4480 Construction Project Management (2 Credits)

This course introduces the student to project management scheduling techniques and methodologies. The student will be exposed to different scheduling techniques, how to develop a project schedule of limited scope, and how to utilize the project schedule for planning and monitoring job progress.

XRCM 4490 Residential Development (4 Credits)

A course sequence designed to emphasize the practical application of the theories and concepts of residential development. Students are expected to apply their knowledge of general business, real estate, and construction management practices by forming a student business entity, acquiring land, building and selling a residential property in a case format. Students apply accounting, finance, marketing, real estate, and construction management techniques in the planning for a residential development.

XRCM 4700 Topics in RE & Const Mgmt (1-5 Credits)

This course will be used for experimental purposes. A way to trial the content of course, relevancy, interest, etc. prior to developing the permanent course.

XRCM 4981 Internship (1-10 Credits)

XRCM 4991 Independent Study (1-10 Credits)