Development Process & Project Sensitivity Analysis


Course Details

This course can only be taken as part of the Certificate in Commercial Real Estate.

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About this Course

A rigorous review of the development process – market review, site and entitlement issues and creation of a project pro forma culminates in creation of a commercial project. Issues covered include the role of equity and requirements of construction lending, adoption and execution of a marketing plan and the use of sources and uses of funds. Financing will concentrate on construction loan underwriting, credit criteria and progress funding mechanics. Students form teams to identify, analyze and present a project to be developed on actual sites.

Topics include:

  • Role of pro forma in the development process-management
  • Market analysis for major property types
  • Estimation of direct construction costs
  • Designing to the market
  • Project budget development and sensitivity tools
  • Entitlement, permitting and public approval process
  • Defining market rents and managing lease-up to stabilization

Program Overview

This course is part of the Certificate in Commercial Real Estate.