Degrees & Programs

THE GLOBAL REAL ESTATE MASTER

WISCONSIN SCHOOL OF BUSINESS

Curriculum

There is one intake per year in the spring semester. Your semester at Wisconsin runs from mid-January to mid-May in which you will complete 17 credits including:

The Global Real Estate Master (GREM) program is an intensive, full-time commitment. All instruction is in English. If you have specific questions about the program, please use this form to contact us.

RE715 - Real Estate Valuation and Feasibility Analysis (3 credits)

The primary purpose of this course is to provide students a command of the analytical tools necessary to evaluate real estate properties. We treat as an integrated whole the concepts of market analysis, highest and best use analysis, feasibility analysis, and appraisal. The course uses commercial property appraisal techniques to determine the feasibility of alternative programs of real property use. Real property value, as determined by an appraisal of real estate, depends on its “highest and best use.” The highest and best use of a real estate asset is determined by evaluating the physical and locational components of the site and improvements, the legal and political constraints influencing property use, the supply and characteristics of competitive projects, the demand for the particular type of property and the cost of constructing the asset. Students work in teams to analyze a local commercial property using actual data.

RE720 - Real Estate and Urban Economics (3 credits)

This course teaches the principles that underlie real estate markets as well as a range of skills required to tackle relevant issues in business and public policy. Students develop an understanding of how cities work, in the whole and their main markets. We analyze spatial relationships in the urban economy, including urban land, labor and housing markets; urban transport; city governance and finance; and regional models. Particular emphasis is placed on the economics of real estate, residential and commercial. Through a range of exercises including a student paper with original empirical work, we improve skills in data analysis, presentation and interpretation in urban and regional contexts.

RE740 - Real Estate Capital Markets (3 credits)

This course addresses contemporary issues in real estate capital markets, with a primary focus on the commercial side of the market. Equity investment is considered through the REIT investment vehicle. Students will learn about tax rules and regulation governing the structure, investment characteristics and stock return behavior, dividend and capital structure policy, and relations with the broader capital markets as well as the private real estate investment markets. Debt investment is considered through mortgage securitization, with both owner/borrower and security investor perspectives being considered. Students will learn about the economics of securitization, how waterfall structures work, and how to analyze deal prospecti and make investment decisions. Case studies, problem sets and outside speakers will be used to enhance learning.

RE750 - Commercial Real Estate Development (3 credits)

This capstone course provides an overview of the real estate development process from project conception to asset disposition, with particular focus on the role of the developer as the strategic coordinator of many disciplines. Students will be exposed to best-known methods and practices that developers utilize to conduct market research, site selection, financial feasibility, regulatory review, neighborhood negotiations, design, construction contracts, construction management, debt financing, private placements, equity waterfalls, leasing, asset management and disposition. The course utilizes several learning methods, including lectures with significant student participation, presentation by industry experts, short case studies, field trip to a development site and analysis of a local development opportunity with a presentation to a panel of industry professionals. At the conclusion of the course students will have developed an interdisciplinary understanding of the many facets of the development process and have an insightful understanding of the risks and rewards along each step of the process.

RE765 - Topics in Global Real Estate Markets (3 credits)

This course has two main objectives. First, it covers current events in the global economy and global real estate markets, and students learn techniques and sources to enable them to follow and analyze these events more deeply in their future careers. Second, students develop specific skills essential for today’s real estate executives (for example, negotiation and business development skills). The course is flexible and its content will be adjusted to changing market conditions. For example, in 2009-10 such a course would have a sizable component focused on bankruptcy and workouts. The course will be team-taught by faculty with current topical input from industry specialists.

Spring semester dates:

2013
Instruction January 22-May 10
Spring recess: March 23-31
Exams May 12-18

2014
Instruction January 21-May 9
Spring recess March 15-23
Exams May 11-17

2015
Instruction January 20-May 8
Spring recess: March 28-April 5
Exams May 10-16

2016
Instruction January 19-May 6
Spring recess: March 19-27
Exams May 8-14

Wisconsin Real Estate
Core Values

Depth. Apply logic and analytical tools to develop a thorough understanding of relevant issues and problems

Breadth. Comprehend interconnections between issues and processes which, when combined with competent technical analysis, leads to sound business decision making

Leadership. Provide an environment and culture that instill leadership principles and the development of leadership skills

Diversity. Seek a broad array of people and experiences that enhance the overall learning experience.


Asia Field Trip Read more about past field trips with Wisconsin real estate students.



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