Real Estate Development: Building Value in Your Community

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Real Estate Development: Building Value in Your Community

Instructeur : Chase Cantrell

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5 modules

Obtenez un aperçu d'un sujet et apprenez les principes fondamentaux.

niveau Débutant

Expérience recommandée

2 semaines à compléter

à 10 heures par semaine

Planning flexible

Apprenez à votre propre rythme

5 modules

Obtenez un aperçu d'un sujet et apprenez les principes fondamentaux.

niveau Débutant

Expérience recommandée

2 semaines à compléter

à 10 heures par semaine

Planning flexible

Apprenez à votre propre rythme

Ce que vous apprendrez

Describe the roles and responsibilities of a development team and the steps required to push a project forward
Analyze the financial returns and investment potential of a development project using a financial modeling template
Explore the relationship between real estate and community development, focusing on socially responsible practices and equitable approaches
Assess market data, site conditions, and other metrics to ensure that due diligence is met

Compétences que vous acquerrez

Catégorie : Community Outreach
Catégorie : Community Development
Catégorie : Financial Modeling
Catégorie : Return On Investment
Catégorie : Financial Analysis
Catégorie : Project Management
Catégorie : Property Management
Catégorie : Risk Mitigation
Catégorie : Real Estate
Catégorie : Feasibility Studies
Catégorie : Project Finance
Catégorie : Market Research
Catégorie : Due Diligence
Catégorie : Risk Management
Catégorie : Project Risk Management
Catégorie : Property and Real Estate

Détails à connaître

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Évaluations

18 devoirs

Enseigné en Anglais

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Il y a 5 modules dans ce cours

“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.

Inclus

7 vidéos6 lectures4 devoirs3 sujets de discussion

7 vidéosTotal 32 minutes

What to Expect2 minutes
Program History3 minutes
Real Estate: Defining Concepts6 minutes
Real Estate: The Development Team7 minutes
Defining Development Stages6 minutes
Flow of Development Phases4 minutes
The Price of Time4 minutes

6 lecturesTotal 60 minutes

Course Syllabus10 minutes
Impact of the Building Community Value In-Person Course10 minutes
Pre-Course Survey10 minutes
Defining "Real Estate Development"10 minutes
Real Estate Development: Eight-Stage Model10 minutes
Summary of Module 110 minutes

4 devoirsTotal 50 minutes

Check for Understanding: Defining Concepts5 minutes
Check for Understanding: The Development Team10 minutes
Check for Understanding: Real Estate Key Concepts5 minutes
Module 1 Quiz30 minutes

3 sujets de discussionTotal 40 minutes

Sharing Your "Why"10 minutes
Reacting to "Defining Real Estate Development"15 minutes
Reacting to the Eight-Stage Model15 minutes

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.

Inclus

7 vidéos4 lectures5 devoirs3 sujets de discussion

7 vidéosTotal 46 minutes

Understanding the Needs of Your Target Market4 minutes
Real Estate Development and Community7 minutes
Project Goals & Impact6 minutes
Community Benefits of Real Estate5 minutes
Identifying and Understanding Risk10 minutes
Neighborhood-Scale Evaluation7 minutes
Property-Scale Evaluation6 minutes

4 lecturesTotal 60 minutes

The Power of Ten15 minutes
Equitable Development Scorecards15 minutes
The Public Interests20 minutes
Summary of Module 210 minutes

5 devoirsTotal 70 minutes

Check for Understanding: Paths of Growth & Power of Ten10 minutes
Check for Understanding: Community Development & Project Goals10 minutes
Check for Understanding: Community Benefits of Real Estate10 minutes
Check for Understanding: Risk Management10 minutes
Module 2 Quiz30 minutes

3 sujets de discussionTotal 45 minutes

Implementing the Power of Ten15 minutes
Grappling with Public Interests15 minutes
Risk Evaluation15 minutes

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.

Inclus

5 vidéos4 lectures4 devoirs2 sujets de discussion

5 vidéosTotal 45 minutes

Due Diligence: Site Conditions9 minutes
Due Diligence: Market Research3 minutes
Comparative Sales and Rental Data14 minutes
Design and Construction Budget10 minutes
Building the Capital Stack9 minutes

4 lecturesTotal 55 minutes

Risk Control Through Due Diligence15 minutes
Activity: Examine an Appraisal20 minutes
Activity: Examine a Construction Budget10 minutes
Summary of Module 310 minutes

4 devoirsTotal 60 minutes

Check for Understanding: Due Diligence10 minutes
Check for Understanding: Interpret an Appraisal10 minutes
Check for Understanding: Construction Budget10 minutes
Module 3 Quiz30 minutes

2 sujets de discussionTotal 30 minutes

What Should Have Been Done?15 minutes
Importance of Itemized Budgets15 minutes

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.

Inclus

6 vidéos4 lectures2 devoirs3 sujets de discussion

6 vidéosTotal 61 minutes

Financial Benefits of Real Estate15 minutes
Calculating the Net Operating Income9 minutes
Before You Talk to a Lender7 minutes
Using Leverage in Your Deal (Part 1)6 minutes
Using Leverage in Your Deal (Part 2)15 minutes
Understanding Financial Returns9 minutes

4 lecturesTotal 50 minutes

Maximize Cash Flows and Grow Your Equity15 minutes
A Closer Look at NOI10 minutes
Capital Stack, Leverage, and the Affordable Housing Shortage15 minutes
Summary of Module 410 minutes

2 devoirsTotal 45 minutes

Check for Understanding: NOI15 minutes
Module 4 Quiz30 minutes

3 sujets de discussionTotal 45 minutes

Considering Cost Saving Implications15 minutes
Reacting to Capital Stack, Leverage, & Affordable Housing Reading15 minutes
Determining Your Ideal Return15 minutes

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.

Inclus

4 vidéos7 lectures3 devoirs1 sujet de discussion

4 vidéosTotal 53 minutes

Introduction to the Pro Forma15 minutes
Case Study: Pro Forma Walkthrough25 minutes
Sensitivity Analysis10 minutes
Course Wrap-Up3 minutes

7 lecturesTotal 75 minutes

Pro Forma Preparation10 minutes
Case Study Details15 minutes
Preparing for Uncertainty15 minutes
Introduction to the Module 5 Quiz5 minutes
Summary of Module 510 minutes
Further Resources10 minutes
Post-Course Survey10 minutes

3 devoirsTotal 55 minutes

Check for Understanding: The Pro Forma10 minutes
Check for Understanding: Interpret the Case Study Pro Forma15 minutes
Module 5 Quiz30 minutes

1 sujet de discussionTotal 10 minutes

Explore the Case Study Pro Forma10 minutes

Instructeur

Chase Cantrell

University of Michigan

1 Cours7 742 apprenants

Offert par

University of Michigan

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