“Real Estate Development: Building Value in Your Community” provides an introductory understanding of real estate and community development. You will learn the fundamentals of real estate development, including development stages, team building, project feasibility, social impact, and financial modeling.
Through immersive, augmented reality experiences, you will be able to identify and analyze neighborhood-scale real estate development projects to determine feasibility and understand the implementation process. The course's unique focus on the community's history, demography, and culture will equip you with the knowledge to develop projects that center the community you’re building them in. By the end of the course, you will have gained the skills and knowledge to begin working with your community to invest in your area and create a positive impact for years to come.
Welcome to the course! In this module, we will explore the concept of "real estate development." We'll outline the roles and responsibilities of real estate developers and discuss the steps involved in each phase of a development project. Additionally, we'll consider how important it is to manage time effectively throughout a project.
Das ist alles enthalten
7 Videos6 Lektüren4 Aufgaben3 Diskussionsthemen
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7 Videos•Insgesamt 32 Minuten
What to Expect•2 Minuten
Program History•3 Minuten
Real Estate: Defining Concepts•6 Minuten
Real Estate: The Development Team•7 Minuten
Defining Development Stages•6 Minuten
Flow of Development Phases•4 Minuten
The Price of Time•4 Minuten
6 Lektüren•Insgesamt 60 Minuten
Course Syllabus•10 Minuten
Impact of the Building Community Value In-Person Course•10 Minuten
Pre-Course Survey•10 Minuten
Defining "Real Estate Development"•10 Minuten
Real Estate Development: Eight-Stage Model•10 Minuten
Summary of Module 1•10 Minuten
4 Aufgaben•Insgesamt 50 Minuten
Check for Understanding: Defining Concepts•5 Minuten
Check for Understanding: The Development Team•10 Minuten
Check for Understanding: Real Estate Key Concepts•5 Minuten
Module 1 Quiz•30 Minuten
3 Diskussionsthemen•Insgesamt 40 Minuten
Sharing Your "Why"•10 Minuten
Reacting to "Defining Real Estate Development"•15 Minuten
Reacting to the Eight-Stage Model•15 Minuten
Idea and Approach
Modul 2•4 Stunden abzuschließen
Moduldetails
In this module, we will discuss strategies developers employ to evaluate which projects to pursue. We'll consider what kinds of goals motivate various developers, and discuss the implications of those motivations on project choices. We’ll close with an exploration of different types of risk, showcasing how to bring together all of the concepts discussed in this module in an authentic scenario where we walk through a project evaluation exercise.
Das ist alles enthalten
7 Videos4 Lektüren5 Aufgaben3 Diskussionsthemen
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7 Videos•Insgesamt 46 Minuten
Understanding the Needs of Your Target Market•4 Minuten
Real Estate Development and Community•7 Minuten
Project Goals & Impact•6 Minuten
Community Benefits of Real Estate•5 Minuten
Identifying and Understanding Risk•10 Minuten
Neighborhood-Scale Evaluation•7 Minuten
Property-Scale Evaluation•6 Minuten
4 Lektüren•Insgesamt 60 Minuten
The Power of Ten•15 Minuten
Equitable Development Scorecards•15 Minuten
The Public Interests•20 Minuten
Summary of Module 2•10 Minuten
5 Aufgaben•Insgesamt 70 Minuten
Check for Understanding: Paths of Growth & Power of Ten•10 Minuten
Check for Understanding: Community Development & Project Goals•10 Minuten
Check for Understanding: Community Benefits of Real Estate•10 Minuten
Check for Understanding: Risk Management•10 Minuten
Module 2 Quiz•30 Minuten
3 Diskussionsthemen•Insgesamt 45 Minuten
Implementing the Power of Ten•15 Minuten
Grappling with Public Interests•15 Minuten
Risk Evaluation•15 Minuten
Feasibility Through Due Diligence
Modul 3•3 Stunden abzuschließen
Moduldetails
In this module, we will explore the importance of conducting due diligence to identify potential risks, liabilities, and obligations before purchasing a property or pursuing a project. We will also discuss strategies to mitigate risk, including analyzing comparative sales, researching market rent data, and developing detailed construction budgets. We’ll conclude by examining how to build a project’s capital stack to ensure that there are enough capital sources to cover all of a project’s intended uses.
Das ist alles enthalten
5 Videos4 Lektüren4 Aufgaben2 Diskussionsthemen
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5 Videos•Insgesamt 45 Minuten
Due Diligence: Site Conditions•9 Minuten
Due Diligence: Market Research•3 Minuten
Comparative Sales and Rental Data•14 Minuten
Design and Construction Budget•10 Minuten
Building the Capital Stack•9 Minuten
4 Lektüren•Insgesamt 55 Minuten
Risk Control Through Due Diligence•15 Minuten
Activity: Examine an Appraisal•20 Minuten
Activity: Examine a Construction Budget•10 Minuten
Summary of Module 3•10 Minuten
4 Aufgaben•Insgesamt 60 Minuten
Check for Understanding: Due Diligence•10 Minuten
Check for Understanding: Interpret an Appraisal•10 Minuten
Check for Understanding: Construction Budget•10 Minuten
Module 3 Quiz•30 Minuten
2 Diskussionsthemen•Insgesamt 30 Minuten
What Should Have Been Done?•15 Minuten
Importance of Itemized Budgets•15 Minuten
Financing
Modul 4•3 Stunden abzuschließen
Moduldetails
In this module, we will delve into the financial benefits of real estate and begin to understand how to analyze a project’s financial performance. We will discuss how to approach a lender and how they evaluate real estate projects. We’ll also discuss the difference between using debt in your real estate project versus exclusively using equity, and the impacts of both on a project’s financial returns. We will close by explaining return metrics and the variables needed to calculate such metrics.
Das ist alles enthalten
6 Videos4 Lektüren2 Aufgaben3 Diskussionsthemen
Infos zu Modulinhalt anzeigen
6 Videos•Insgesamt 61 Minuten
Financial Benefits of Real Estate•15 Minuten
Calculating the Net Operating Income•9 Minuten
Before You Talk to a Lender•7 Minuten
Using Leverage in Your Deal (Part 1)•6 Minuten
Using Leverage in Your Deal (Part 2)•15 Minuten
Understanding Financial Returns•9 Minuten
4 Lektüren•Insgesamt 50 Minuten
Maximize Cash Flows and Grow Your Equity•15 Minuten
A Closer Look at NOI•10 Minuten
Capital Stack, Leverage, and the Affordable Housing Shortage•15 Minuten
Summary of Module 4•10 Minuten
2 Aufgaben•Insgesamt 45 Minuten
Check for Understanding: NOI•15 Minuten
Module 4 Quiz•30 Minuten
3 Diskussionsthemen•Insgesamt 45 Minuten
Considering Cost Saving Implications•15 Minuten
Reacting to Capital Stack, Leverage, & Affordable Housing Reading•15 Minuten
Determining Your Ideal Return•15 Minuten
Financial Modeling
Modul 5•3 Stunden abzuschließen
Moduldetails
In this final module, we will explain how to interact with and evaluate a real estate financial modeling tool known as the “pro forma”. We will demonstrate how to input assumptions, market data, and other property information and then evaluate a project’s feasibility and financial performance. By walking through a case study, we will explore the various tabs in the pro forma and how such information functions together. We will close by performing a sensitivity analysis using the pro forma to examine the best, most likely, and worst-case scenarios for the real estate project modeled in the case study.
Das ist alles enthalten
4 Videos7 Lektüren3 Aufgaben1 Diskussionsthema
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4 Videos•Insgesamt 53 Minuten
Introduction to the Pro Forma•15 Minuten
Case Study: Pro Forma Walkthrough•25 Minuten
Sensitivity Analysis•10 Minuten
Course Wrap-Up•3 Minuten
7 Lektüren•Insgesamt 75 Minuten
Pro Forma Preparation•10 Minuten
Case Study Details•15 Minuten
Preparing for Uncertainty•15 Minuten
Introduction to the Module 5 Quiz•5 Minuten
Summary of Module 5•10 Minuten
Further Resources•10 Minuten
Post-Course Survey•10 Minuten
3 Aufgaben•Insgesamt 55 Minuten
Check for Understanding: The Pro Forma•10 Minuten
Check for Understanding: Interpret the Case Study Pro Forma•15 Minuten
Module 5 Quiz•30 Minuten
1 Diskussionsthema•Insgesamt 10 Minuten
Explore the Case Study Pro Forma•10 Minuten
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