Real Estate Development: Building Value in Your Community

Real Estate Development: Building Value in Your Community

Instructor: Chase Cantrell

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5 modules

Gain insight into a topic and learn the fundamentals.

53 reviews

Beginner level

Recommended experience

2 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

5 modules

Gain insight into a topic and learn the fundamentals.

53 reviews

Beginner level

Recommended experience

2 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

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

Skills you'll gain

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Assessments

18 assignments

Taught in English

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There are 5 modules in this course

“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.

What's included

7 videos6 readings4 assignments3 discussion prompts

7 videos Total 32 minutes

What to Expect 2 minutes
Program History 3 minutes
Real Estate: Defining Concepts 6 minutes
Real Estate: The Development Team 7 minutes
Defining Development Stages 6 minutes
Flow of Development Phases 4 minutes
The Price of Time 4 minutes

6 readings Total 60 minutes

Course Syllabus 10 minutes
Impact of the Building Community Value In-Person Course 10 minutes
Pre-Course Survey 10 minutes
Defining "Real Estate Development" 10 minutes
Real Estate Development: Eight-Stage Model 10 minutes
Summary of Module 1 10 minutes

4 assignments Total 50 minutes

Module 1 Quiz 30 minutes
Check for Understanding: Defining Concepts 5 minutes
Check for Understanding: The Development Team 10 minutes
Check for Understanding: Real Estate Key Concepts 5 minutes

3 discussion prompts Total 40 minutes

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

What's included

7 videos4 readings5 assignments3 discussion prompts

7 videos Total 46 minutes

Understanding the Needs of Your Target Market 4 minutes
Real Estate Development and Community 7 minutes
Project Goals & Impact 6 minutes
Community Benefits of Real Estate 5 minutes
Identifying and Understanding Risk 10 minutes
Neighborhood-Scale Evaluation 7 minutes
Property-Scale Evaluation 6 minutes

4 readings Total 60 minutes

The Power of Ten 15 minutes
Equitable Development Scorecards 15 minutes
The Public Interests 20 minutes
Summary of Module 2 10 minutes

5 assignments Total 70 minutes

Module 2 Quiz 30 minutes
Check for Understanding: Paths of Growth & Power of Ten 10 minutes
Check for Understanding: Community Development & Project Goals 10 minutes
Check for Understanding: Community Benefits of Real Estate 10 minutes
Check for Understanding: Risk Management 10 minutes

3 discussion prompts Total 45 minutes

Implementing the Power of Ten 15 minutes
Grappling with Public Interests 15 minutes
Risk Evaluation 15 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.

What's included

5 videos4 readings4 assignments2 discussion prompts

5 videos Total 45 minutes

Due Diligence: Site Conditions 9 minutes
Due Diligence: Market Research 3 minutes
Comparative Sales and Rental Data 14 minutes
Design and Construction Budget 10 minutes
Building the Capital Stack 9 minutes

4 readings Total 55 minutes

Risk Control Through Due Diligence 15 minutes
Activity: Examine an Appraisal 20 minutes
Activity: Examine a Construction Budget 10 minutes
Summary of Module 3 10 minutes

4 assignments Total 60 minutes

Module 3 Quiz 30 minutes
Check for Understanding: Due Diligence 10 minutes
Check for Understanding: Interpret an Appraisal 10 minutes
Check for Understanding: Construction Budget 10 minutes

2 discussion prompts Total 30 minutes

What Should Have Been Done? 15 minutes
Importance of Itemized Budgets 15 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.

What's included

6 videos4 readings2 assignments3 discussion prompts

6 videos Total 61 minutes

Financial Benefits of Real Estate 15 minutes
Calculating the Net Operating Income 9 minutes
Before You Talk to a Lender 7 minutes
Using Leverage in Your Deal (Part 1) 6 minutes
Using Leverage in Your Deal (Part 2) 15 minutes
Understanding Financial Returns 9 minutes

4 readings Total 50 minutes

Maximize Cash Flows and Grow Your Equity 15 minutes
A Closer Look at NOI 10 minutes
Capital Stack, Leverage, and the Affordable Housing Shortage 15 minutes
Summary of Module 4 10 minutes

2 assignments Total 45 minutes

Module 4 Quiz 30 minutes
Check for Understanding: NOI 15 minutes

3 discussion prompts Total 45 minutes

Considering Cost Saving Implications 15 minutes
Reacting to Capital Stack, Leverage, & Affordable Housing Reading 15 minutes
Determining Your Ideal Return 15 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.