MGT 3082/6082: Fundamentals of Real Estate Development
SPRING 2015 SYLLABUS
Monday/Wednesday 3:05 PM 4:25PM
CoM Room 224
Barry Branch, Robert Ledbetter Professor of the Practice of Real Estate Development.
Office: 4159 / 423E.
Real Estate Cash Flow
2 ways of defining "bottom line". . .
1) Property level (PBTCF, most common in practice):
Net CF produced by property, before subtracting debt svc pmts (DS)
and inc. taxes.
CFs to Govt, Debt investors (mortgagees), equity owners.
Surreal Estate Solutions
Elmwood Development District
We at Surreal Estate Solutions strive to create and promote a diverse, selfsustaining, safe, and multifaceted community to enhance the living, working, and
Characteristics of a Developer & the Development Process
1. Developers represent only 3% of the Real Estate Industry
2. The Communities and Buildings they create become the Fabric of our Civilization.
3. Ultimate Entrepreneurs.
4. Each Building is a
DRIVERS OF CHANGE
REAL ESTATE PRODUCTS AND CAPITAL MARKETS
1) Primary Drivers of Change and Their Impact on Real Estate:
Avoid Building More of the Same
Build for time of delivery, normally 3-5 years after
FUNDAMENTALS OF REAL ESTATE DEVELOPMENT
December 18, 2014
NEW URBANISM NOTES
KEY ELEMENTS of NEW URBANISM
ATLANTA - A LIVING LABORATORY FOR NEW URBANISM
LIVE, WORK, PLAY ENVIRONMENTS AVOID RELIANCE ON CARS
BUSINESS, RESIDENTIAL & ENTERTAINMENT ALL IN CLOSE PROXIMITY
MIX OF OLD AND NEW FOR ALL PRODUCT TYPES & ALL