Courses - Fall 2023
RDEV
Real Estate Development
RDEV250
People, Planet, and Profit: Building Sustainable Places
Cross-listed with: ARCH271.
Credit only granted for: ARCH271 or RDEV250.
An introduction to the four disciplines represented in the School: architecture and urban design, community planning, historic preservation, and real estate development, that work to create a more sustainable environment for the future to create a more sustainable environment for the future using our interpretation of the quadruple bottom line: socio-cultural, economic, environmental, and design sustainability. Students will be provided with an understanding of the fundamental scholarship and processes of each of these disciplines and examine the intersections between them. Additionally, they will learn by applying the approaches of the four disciplines through a series of field studies.
RDEV270
Tax and Accounting for Real Estate Development
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development; and must not be in a major in the Robert H. Smith School of Business; and must not have completed BMGT210, BMGT220, or BMGT221.
An understanding of key tax and accounting principles and how they impact real estate development for students in the minor in real estate development is the purpose of this course. This course is geared for science, arts and humanities students who otherwise in their major would not take an accounting course as part of their major.
RDEV350
Real Estate Development: Introduction to Principles, Process, and Practice
Credits:
3
Grad Meth:
Reg
Prerequisite: RDEV250 or ARCH271.
Restriction: Must be enrolled in the RDEV Minor; and permission of ARCH-School of Architecture, Planning, & Preservation.
Credit only granted for: RDEV150 or RDEV350.
Formerly: RDEV150.
An introduction to the basic principles of real estate development: How real estate and communities get built and how value is created. The emphasis is on entrepreneurship and an experiential learning approach to the entrepreneurial real estate development process, principles, and practice.
RDEV440
Principles of Urban Design for Real Estate Professionals
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Introduces students to the design issues associated with development of the basic real property asset classes (office, retail, and residential) and the context driven forces that shape these different development types. Also introduces non-design students to the principles of visual literacy and the capacity of different property to support development in the effort to enhance a community.
RDEV450
Foundations of Real Estate Finance and Investment
Credits:
3
Grad Meth:
Reg
Prerequisite: Must have completed RDEV270 or an approved accounting course with a grade of C- or better; and minimum grade of C- in RDEV350.
Restriction: Must be enrolled in RDEV Minor; and permission of ARCH-School of Architecture, Planning, & Preservation.
Real Estate Finance and Investment addresses how real estate value is established, the fundamental foundations of the time value of money, as well as more real estate specific applications of return on investment, net operating income, the components of a real estate sources and uses statement, sources of real estate equity and debt financing, commonly used debt ratios and equity returns in real estate, as well as concepts of sensitivity analysis and exit strategies.
RDEV473
Real Estate Case Study Competition
Credits:
3
Grad Meth:
Reg
Prerequisite: RDEV250, RDEV350, RDEV450.
Restriction: Permission of ARCH-Real Estate Development.
The Colvin Institute of Real Estate Development hosts a case study competition. The Colvin Case Study Challenge is a national intercollegiate real estate case study competition for full or part-time students enrolled in a college or a university real estate program (undergraduate or graduate or a university sanctioned real estate club/organization). The Challenge is to document a recent innovative real estate project within the team's metropolitan region. Unlike many other case competitions, this is a post-development report and documentation of a recently completed project (or project phase). The Challenge is designed to hone professional skills and reveal the knowledge base and understanding of markets, project valuation, finance, urban design and sustainability, entitlement processes and operational issues. This course prepares students to participate in the competition.
RDEV600
Principles and Practice of Real Property Development
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV688T or RDEV600.
Formerly: RDEV688T.
An introduction to basic principles of real estate development: How real estate and communities get built and how value is created. The emphasis is on entrepreneurship and an experiential learning approach to the entrepreneurial real estate development process, principles, and practice.
RDEV603
Introduction to Real Property Finance
Credits:
3
Grad Meth:
Reg
Restriction: Permission of the Department.
Credit only granted for: RDEV688Z, RDEV689V, or RDEV603.
Formerly: RDEV688Z and RDEV689V.
Introduction to Real Property Finance addresses how real estate value is established, the fundamental foundations of the time value of money, as well as more real estate specific applications of return on investment, net operating income, the components of a real estate sources and uses statement, sources of real estate equity and debt financing, commonly used debt ratios and equity returns in real estate, as well as concepts of sensitivity analysis and exit strategies.
RDEV605
Tax and Accounting for Real Property Developers
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV688K or RDEV605.
Formerly: RDEV688K.
This course is designed to familiarize students with taxation and accounting as it pertains to real estate development.
RDEV620
Market Analysis for Real Property Development
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV689M or RDEV620.
Formerly: RDEV689M.
Designed to introduce and familiarize students with completing market analysis for real property projects. Includes a broad range of land uses including for-rent and for-sale residential, retail, office, and hospitality. Covers all aspects of completing a market analysis from the site visit to recommendations, and all the steps in-between. Examines how various real estate practitioners, such as developers, builders, investors, landowners, and public officials, utilize market studies.
RDEV630
Real Property Finance and Investment
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV630, RDEV688B, or URSP664.
Formerly: RDEV688B.
This course is designed to introduce students who have experience in real estate finance or have taken an introductory course in real estate finance and investment to move to this intermediate course that addresses foundational concepts of commercial real estate finance and the measures used in analyzing and evaluating real estate projects. Quantitative analysis and financial modeling comprise the main focus.
RDEV635
Capital Markets and Real Estate Investments for Developers
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: RDEV630, URSP664, or RDEV688.
Restriction: Must be in Real Estate Development (Master's) program; or permission of ARCH-Real Estate Development.
Credit only granted for: RDEV635 or RDEV688F.
Formerly: RDEV688F.
An advanced course in real estate finance focusing on capital markets and complex financing mechanism in the public and private markets for raising capital for development of public, private and public/private projects.
RDEV640
Principles of Urban Design for Real Property Developers
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV688J or RDEV640.
Formerly: RDEV688J.
Introduces students to the design issues associated with development of the basic real property asset classes (office, retail, and residential) and the context driven forces that shape these different development types. Also introduces non-design students to the principles of visual literacy and the capacity of different property to support development in the effort to enhance a community.
RDEV660
Commercial Leasing for Real Property Developers
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV688L or RDEV660.
Formerly: RDEV688L.
Provides students with a hands-on look at commercial and real estate leases, lease provisions, and current market activity, a key factor in determining when and whether to proceed with developing a commercial property.
RDEV670
Negotiating Agreements & Resolving Conflicts when Developing Real Property
Credits:
3
Grad Meth:
Reg
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV688E or RDEV670.
Formerly: RDEV688E.
Designed to develop students' negotiation and leadership skills for managing differences between individuals and groups while in the process of developing and operating real property. Includes a blend of skill-building exercises and theory discussions about the behavior of individuals to understand negotiation dynamics.
RDEV688C
Selected Topics in Real Estate Development; Real Estate Case Study Competition
Credits:
3
Grad Meth:
Reg, Aud
RDEV688D
Selected Topics in Real Estate Development; Geo-Underwriting: Location-Based Project Feasibility Analysis - From Segregation to Gentrification
Credits:
3
Grad Meth:
Reg, Aud
This course overviews fundamentals of project level real estate underwriting and its inextricable relationship to the neighborhood context. The construct of "neighborhood" is explored throughout the course as both a social organizing principle and as an economic marketplace. Neighborhoods are considered throughout the historical forces that have shaped them, reaching back to the original formation of ethnic and racial ghettos and moving forward through urban renewal and modern-day gentrification. The changing forms of the real estate projects that have sustained these neighborhoods over time are evaluated . As changes further continued in neighborhoods and altered perceived demands for housing and services, the factors that changed the viability of real estate projects are closely investigated. The course also considers the government and policy landscapes that have helped shape neighborhood form and the real estate types found there. These policies are understood through review of actual case examples.
RDEV689D
Current Topics in Real Estate Development; Affordable Housing Asset Management
Credits:
3
Grad Meth:
Reg, Aud
RDEV689Y
Current Topics in Real Estate Development; Guided Real Estate Development Project
Credits:
1 - 3
Grad Meth:
Reg, Aud
Prerequisite: Permission of the department.
RDEV690
Capstone Project: Real Property Feasibility Study
Credits:
3
Grad Meth:
Reg
Prerequisite: Completion of at least 7 RDEV courses.
Restriction: Permission of ARCH-Real Estate Development.
Credit only granted for: RDEV688I or RDEV690.
Formerly: RDEV688I.
The capstone course is designed to provide students with an opportunity to apply acquired classroom knowledge to real world conditions. Each student in the class will work separately to create a development proposal and feasibility study for an assigned property. For students doing a feasibility study of a development the study will address at least market analysis, entitlement process, construction, and financing for the project.
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University of Maryland, College Park, MD 20742, USA
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