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INTRODUCTION TO
FINANCE FOR REAL ESTATE DEVELOPMENT
EXECUTIVE EDUCATION COURSE OFFERED BY THE KNIGHT PROGRAM IN COMMUNITY BUILDING
ON JANUARY 6-8, 2005
NOVEMBER 3, 2004
-- Introduction to Finance for Real Estate Development,
held January 6-8, 2005 on the Coral Gables campus of the University of Miami, is
an intensive introduction to the subject and part of a series of executive
education courses offered by the Knight Program in Community Building at the
University of Miami School of Architecture that combines real estate development
with the School of Architecture’s expertise in New Urbanism.
Introduction to Finance for Real Estate Development
will teach the basic concepts and tools used to analyze the financial
feasibility of real estate developments. It will provide those without a strong
financial background with the necessary training to communicate effectively with
real estate professionals. The course includes case studies and sessions with
real estate developers. No prior background in finance is needed.
This seminar
will educate attendees on:
·
Revenue and expense analyses
·
Measures of internal rate of
return on investment
·
Lenders' algebra and basic
market analysis
·
Real estate development case
studies, including material on developing New Urbanism and Smart Growth real
estate projects.
Course
instructors are:
Tod McGrath,
lead instructor and a finance instructor in MIT's Department of Urban Studies
and Planning. He has taught real estate finance and investments, real estate
capital markets, and spreadsheet analysis at MIT, and has analyzed numerous real
estate transactions for developers, institutional investors, lenders, and
tenants.
Charles C. Bohl,
research associate professor and director of the Knight Program in Community
Building at the University of Miami's School of Architecture.
Lynn
Fitzpatrick, consultant to government and private sector developers.
William Gietema,
Jr., co-founder and CEO of the Arcadia Realty Company, which has developed more
than twenty residential and mixed-use communities in Dallas-Ft Worth, Austin,
and San Antonio, Texas. Bill is responsible for the company’s entitlements, land
planning and development operations. He holds a master’s degree in Real Estate
Development from the MIT Center for Real Estate.
Dr. Andrea J.
Heuson, associate professor, Finance Department at the University of Miami
School of Business.
Lee S. Sobel,
specialist, U.S. EPA Smart Growth Program.
The course fee
is $750 ($350 for public sector and nonprofit employees) if registration is
before December 15; $900 ($450 for public sector and nonprofit employees) after
December 15. Checks or money orders should be made payable to University of
Miami. This course awards AIA Continuing Education Learning Unit hours through
AIA Miami.
For more
information and updates, please visit the website www.arc.miami.edu/knight
or contact Julia Pizarro at jpizarro@miami.edu or 305.284.3731.
About the Knight Program
in Community Building
The mission of the Knight
Program in Community Building is to advance the knowledge and practice of
effective community building through an innovative series of interdisciplinary
initiatives including fellowships, scholarships, conferences, charrettes,
courses, and publications.The Knight Program is based at the University of Miami
School of Architecture and is funded by the John S. and James L. Knight
Foundation, which promotes excellence in journalism worldwide and invests in the
vitality of twenty-six U.S. communities.
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