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Real Estate Development Cases (FINA 6248/FINA 4900)
Amsterdam, Netherlands; Berlin, Germany
Program Terms: Spring Short Term
Cost Estimate Spring Short Term
Fact Sheet:
Minimum GPA: 3
 Language(s) of Instruction:
English
 Class Status:
Graduate, Undergraduate Open to non-GW students: Yes
Program Description:

Real Estate Development Cases
(FINA 6248/FINA 4900)


Please Note: This program was cancelled for the Spring 2014 Semester. Please check back in September 2014 for updated Spring 2015 programs. 

Is this program for me? GWSB Mumbai 2013

The field of real estate is multi-faceted and encompasses many aspects, such as economics, finance, marketing, operations, project management, law, policy, taxation, engineering and architecture. FIN6248 is an applied course overlaying these varying aspects with practical applications specifically related to investing in and developing real estate assets. The decision-making techniques you have learned in core finance courses will be the starting point of the analysis of “real life” real estate cases, however the student will learn when and how to depart from and/or expand on these techniques in the face of the unique risk factors in real estate, particularly issues of investing under uncertain conditions, legal and political constraints, the use of collateralized leverage, taxation and tax shelters, uncertain time horizons, and variable exit strategies. We will focus particularly on the economic implications of competing objectives, regulatory obstacles, project management issues, and market forces in the analysis of different types of commercial real estate projects in different countries. This will include an in-depth picture of how real estate assets are valued, applied real estate capital markets, and practical aspects of acquiring, developing and owning commercial real estate.
 
An essential component of this course will be group work analyzing a number of “real life” real estate cases. Two of these cases will be abroad, one in Berlin (Germany) dealing with the intricacies of redeveloping real estate in a congested and political sensitive area and the other one in Amsterdam (The Netherlands) where issues related to real estate risk and portfolio management will be analyzed.  GWSB Berlin 2013

The choices of these real estate topics and countries is because the Germans have been doing urban redevelopment for a while and have essential knowledge about this process that is useful for American developers. On the other hand, Dutch institutional investors have a reputation of creating well-diversified portfolios that include real estate on a global scale. In fact, the Netherlands is one of the largest investors in American real estate and the trip will provide the student insight into the process and methodologies of effective global real estate investing. 

For those students who are not willing or able to travel abroad there will also be local case studies, 1) dealing with the development of real estate, 2) analyzing the functional transfer of an existing building, and 3) managing a local real estate portfolio.

***The Scholarship Foundation of FIABCI, The International Real Estate Federation, has awarded $1,000 toward prizes for the best Case Study in this program.***
    

Credits

3 credits are awarded for successful completion of FINA 6248 or FINA 4900.  This course is open to graduate students and qualified undergraduates.

Calendar

Application Deadline

Email sbintl@gwu.edu if interested in applying.

*The online application is required only for students applying to participate in the projects to Amsterdam or Berlin.  Students will be required to select between the Amsterdam or Berlin projects at time of application.

On Campus Dates:

Wednesdays 7:10pm - 9:40pm
January 15, 2014 - April 23, 2014

Overseas Dates

Amsterdam - March 10-12, 2014

Berlin - March 12 - 14, 2014

GW Professor

Professor Tom Geurts (TGG@gwu.edu) - Teaching Associate Professor of Real Estate and Finance

Cost 

Click HERE for cost estimate.
 

Information Sessions

Tuesday, November 5
5:00 - 6:00pm, Funger Hall, room 620

Tuesday, November 12
5:00 - 6:00pm, Funger Hall, room 620
 

Questions?

This program is administered by Global & Experiential Education in The George Washington University School of Business.

Feel free to contact us at 202.994.1212 or sbintl@gwu.edu with your questions.
 

Helpful Links

Eligibility & Payment (GWSB Graduate)

Withdrawal & Refund Policy for Short-Term Abroad

Cancellation Policy for Short-Term Abroad

Health Insurance for Short-Term Abroad

Non-Participant Accompaniment

Pre-Departure, Health & Safety Orientation for Short -Term Abroad