Graduate Business Certificates: Real Estate and the Built Environment

The fast-paced field of real estate and the built environment is one of the most competitive in the business world. Franklin L. Burns School of Real Estate and Construction Management at the Daniels College of Business offers three Graduate Business Certificates that arm you with the critical knowledge, technical tools and unparalleled industry access you will need to gain a competitive edge.

Each certificate program consists of four required graduate-level courses (16 credit hours). You’ll take the same graduate-level concentration courses as MBA or master’s degree students at Daniels, but in a time frame that works best for you.

Course Descriptions»

Certificate programs offered:

Real Estate Certificate

Meet the challenges and maximize the opportunities of today’s real estate climate by expanding your knowledge of capital markets, LEED sustainable development, global perspectives in real estate and more. This certificate provides experienced professionals with invaluable knowledge to succeed in both entrepreneurial and corporate environments.

Courses: 

REAL 4407 Income Property Finance

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.

REAL 4407 Income Property Finance»

REAL 4007 Computer Applications for Real Estate Analysis

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.

REAL 4007 Computer Applications for Real Estate Analysis»

Your choice of two of the following:

REAL 4477 Income Property Investments

Comprehensive analytical framework for real estate investment decision-making, equity investment decisions via discounted cash flow, and risk analysis models and strategic planning concepts, structuring parameters to maximize rates of return while controlling downside risks; emphasis on theory, concept building, growth, sustainability and environmental issues and practical application to various types of investment properties. Prerequisite: REAL 4007

REAL 4477 Income Property Investments»

REAL 4417 Income Property Appraisal

Real estate valuation techniques used by appraisers, lenders, and investors; the cost, market, and income approaches of value as applied to commercial real estate investment properties; capitalization theory and techniques, mortgage equity, and discounted cash flow analysis.

REAL 4417 Income Property Appraisal»

REAL 4467 Property Development & Feasibility Analysis

Commercial real estate development analysis & feasibility includes economic base analysis, tenant demand analysis, development and construction cost analysis, lease-up analysis, financial feasibility, leasing and property management practices. 5 major property types, office, industrial, retail, apartment and hotel are covered. Prereq. REAL 4007

REAL 4467 Property Development & Feasibility Analysis»

Property Development Certificate

Learn the latest in property and financial analysis, construction management and more from one of the top programs in the world. Designed for experienced professionals, this certificate provides a foundation of knowledge that can be built upon as technologies, market conditions and construction environments evolve and adapt.

Courses:

REAL 4407 Income Property Finance»

REAL 4467 Property Development & Feasibility Analysis»

REAL 4210 Planning, Entitlements & Public Finance

TBD.

REAL 4210 Planning, Entitlements & Public Finance»

CMGT 4480 Construction Project Management

Principles and techniques of construction project management, use of systems analysis, internal and external procedures, planning, programming, budgeting and staffing, controlling major projects, emphasis on construction scheduling techniques with case application. Prerequisite: CMGT 4410

CMGT 4480 Construction Project Management»

Integrated Project Delivery Certificate

This certificate is for those with previous experience in construction management, architecture, engineering or other possible approved experience. This certificate provides in-depth information on project management, planning and cost controls.

Courses:

CMGT 4110 Pre-Construction Integration & Planning

This course examines the role of preconstruction services, team integration, and joint design planning in various Integrated Project Delivery (IPD) approaches. Various tools and techniques associated with preconstruction services and design planning from the proposal stage through the design stages of a project is considered.

CMGT 4110 Pre-Construction Integration & Planning»

CMGT 4200 Lean Construction Project Management

This course examines how Lean principles, tools, techniques, and leadership skills, can be applied to deliver design and construction services as an integrated process, resulting in reduced waste, improved efficiency, high quality, added value, and continual improvement.

CMGT 4200 Lean Construction Project Management»

CMGT 4230 Design Management & Schedule Control

This course examines the various strategies and techniques associated with managing the design delivery process to align with the construction schedule needs in an integrated fashion. Design planning, scheduling, and resource allocation are considered along with design value determination and management of the various design-construct interfaces.

CMGT 4230 Design Management & Schedule Control»

CMGT 4310 Cost Modeling & Trend Management

This course examines the various strategies and techniques associated with managing the design delivery process to align with the construction schedule needs in an integrated fashion. Design planning, scheduling, and resource allocation are considered along with design value determination and management of the various design-construct interfaces.

CMGT 4310 Cost Modeling & Trend Management»

Additional Real Estate and the Built Environment courses available to customize a certificate:

These may be combined with courses listed above.

REAL 4000 Sustainability and the Built Environment

This is a course that is taught on campus for three days each Fall Quarter. This course examines the relationships and impacts associated with the full life cycle of the built environment from an economic, environmental, and social perspective. Students will consider how value is created through the interconnection between real estate and built assets, project delivery, including design and construction, and facilities and asset management relative to a business’ bottom-line.

REAL 4000 Sustainability and the Built Environment»

REAL 4210 Planning, Entitlements & Public Finance»

CMGT 4410 Construction Building Systems

This is a course that is taught on campus for three days each Fall Quarter. This course examines the relationships and impacts associated with the full life cycle of the built environment from an economic, environmental, and social perspective. Students will consider how value is created through the interconnection between real estate and built assets, project delivery, including design and construction, and facilities and asset management relative to a business’ bottom-line.

CMGT 4410 Construction Building Systems»

CMGT 4480 Construction Project Management»

CMGT 4490 Residential Development

A course sequence designed to emphasize the practical application of the theories and concepts of residential development. The course provides a capstone experience for seniors. 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 will apply accounting, finance, marketing, real estate and construction management techniques in the planning for a residential development. The application of green building materials and methods is emphasized. Prerequisite: CMGT 4410

CMGT 4490 Residential Development»

REAL 4010 Real Estate Capital Markets

This course exposes students to the commercial real estate capital markets; including real estate investment trusts (REITs) and commercial mortgage-backed securities (CMBS), plus institutional investors. The complexities of capital market products are discussed, students receive a greater understanding of the alternatives that are available. The class includes lectures, guest speakers, readings, class discussions, a major REIT analysis project, and case studies.

REAL 4010 Real Estate Capital Markets»

CMGT 4560 Relational Contracting

This course examines the philosophy, management approaches, and practices associated with various multi-party type relational and alliance contracting methods. The risks and benefits associated with their use for integrated construction projects will be examined. Project case studies where Integrated Forms of Agreement have been utilized be evaluated and discussed.

CMGT 4560 Relational Contracting»

CMGT 4580 Strategic Leadership and Team Integration

This course examines a system of leadership abilities that enhance and optimize team member participation and performance. Students focus on developing foresight, visioning, systems thinking, motivation, and partnering principles. Students learn to consider the outcomes of relationships and the behavioral choices that are available to them. Participants learn to manage sources of conflict to prevent certain types of conflict and manage all conflict more efficiently. Students will complete a series of self-assessments to support the learning objectives of the course.

CMGT 4580 Strategic Leadership and Team Integration»

REAL 4110 Advanced Issues in RECM

This course concentrates on 10+ advanced real estate and construction management topics that vary each year including: green building; development issues such as planned communities; new zoning; water rights; negotiation skills; construction defects; design/build; current legal issues; plus new marketing techniques. Prerequisite: REAL 4407

REAL 4110 Advanced Issues in RECM»

REAL 4140 Global Perspectives in Real Estate

Focus on inbound and outbound U.S. real estate transactions and the cultural issues that impact these transactions. This can also be taken as a Burns Global Delegation travel course.

REAL 4140 Global Perspectives in Real Estate»

REAL 4347 Management of Income Properties

Explore the complexities of managing apartments, condominiums, office buildings, industrial property and shopping centers. This course covers rental markets, development of rental schedules, leasing techniques and negotiations, repairs and maintenance, tenant relations, merchandising, selection and training of personnel, accounting, and owner relations.

REAL 4347 Management of Income Properties»

REAL 4369 Real Estate Taxation

Tax factors affecting real estate investments; legal forms of ownership, depreciation, tax basis, tax impacts on exchanges, syndications, real estate securities, and other federal laws affecting real estate.

REAL 4369 Real Estate Taxation»

CMGT 4438 Legal Issues and Risk Management

General contract and real estate law, including property rights, title concepts, deeds, purchase contracts, law of agency, environmental issues and disclosures, basics finance concerns, tax law, landlord-tenant law, construction contracts, indemnity agreements, rights and remedies of property owners, contractors and subcontractors issues, and various areas of liability for real estate practitioners and property owners.

CMGT 4438 Legal Issues and Risk Management»

REAL 4500 Argus Financial Analysis

The central focus of this course is to expose the real estate student to a broad array of analysis and presentation tools, with practical applications of the Argus software through interactive examples and case studies. The course covers applications in Investment Analysis, Lease Analysis, Valuation, Feasibility Analysis Budgeting, Report Writing and Presentation. It is assumed that the student understands basic real estate principles and financial analysis. Prerequisite: REAL 4007

REAL 4500 Argus Financial Analysis»

REAL 4705 Risk Management & the Built Environment

Decision making and risk analysis concepts in the context of real estate and the built environment. This includes, but is not limited to, liability issues as to persons and property, casualty and property damage questions, employee and employer insurance areas, auto insurance, professional liability insurance, directors’ and owners’ liability issues, medial insurance, life insurance, environmental risks, and much more in areas of exposure that one can face in the business world. The course further examines means to minimize such areas of exposure.

REAL 4705 Risk Management & the Built Environment»

REAL 4800 NAIOP Challenge

Student teams analyze and formulate real-world solutions for an existing complex real estate problem, culminating in internal and external competitions. Includes a comprehensive written report and oral presentation. Prerequisite: instructor’s permission.

REAL 4800 NAIOP Challenge»

REAL 4980 Advanced Valuation & Report Writing

Learn techniques not yet institutionalized nor commonly practiced in the field. Includes writing skills appropriate to specialized nature of appraisal reports, and composition of a complex filed problem report to prepare student for writing “demonstration” report required for MAI professional designation. Prerequisite: REAL 4417 & REAL 4467

REAL 4980 Advanced Valuation & Report Writing»

CMGT 4120 Construction Scheduling & Project Controls

Understanding and applying scheduling and control to construction projects is essential to successful construction management. Project scheduling emphasizes network-based schedules, such as critical path management (CPM), network calculations, critical paths, resource scheduling, probabilistic scheduling and computer applications. Project control focuses on goals, flow of information, time and cost control, and change management. Prereq. CMGT 4410

CMGT 4120 Construction Scheduling & Project Controls»

CMGT 4155 Sustainable Development/LEED

Understanding and applying scheduling and control to construction projects is essential to successful construction management. Project scheduling emphasizes network-based schedules, such as critical path management (CPM), network calculations, critical paths, resource scheduling, probabilistic scheduling and computer applications. Project control focuses on goals, flow of information, time and cost control, and change management. Prereq. CMGT 4410

CMGT 4155 Sustainable Development/LEED»

CMGT 4177 Environmental Systems & MEP Coordination

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

CMGT 4177 Environmental Systems & MEP Coordination»

CMGT 4401 Residential Practicum

A course emphasizing practical application of the theories and concepts of residential development. Apply knowledge of general business, real estate and construction management practices by forming a student business entity, acquiring land, building and selling a residential property. Students apply accounting, finance, marketing, real estate and construction management techniques in the development of a single-family residence.

CMGT 4401 Residential Practicum»

CMGT 4420 Construction Estimating

Understanding and applying scheduling and control to construction projects is essential to successful construction management. Project scheduling emphasizes network-based schedules, such as critical path management (CPM), network calculations, critical paths, resource scheduling, probabilistic scheduling and computer applications. Project control focuses on goals, flow of information, time and cost control, and change management. Prereq. CMGT 4410

CMGT 4420 Construction Estimating»

FMGT 4110 Corporate Real Estate & Facilities Management

TBD.

FMGT 4110 Corporate Real Estate & Facilities Management»