REAL ESTATE DEVELOPMENT EDUCATION In the U.S. Presented to the European Real Estate Society Istanbul, Turkey June 26, 2015 Margaret McFarland, J.D. Hossein Lavasani, Ph.D. Candidate

Real Estate Development Education: Undergraduate Minors

1. Arizona State University 2. Baruch College 3. College of Charleston 4. Cornell University 5. DePaul University 6. Georgia State University 7. Lehigh University A. Universities 8. Portland State University 9. University of Denver 10. University of Florida 11. University of Maryland 12. University of Pennsylvania 13. University of San Diego 14. University of Southern California 15. Virginia Tech University I. OVERVIEW

B. Host School 1.Business Arizona State Baruch College College of Charleston DePaul Denver Georgia State Lehigh Florida San Diego I. OVERVIEW 2. Business+ Portland State Planning Pennsylvania Planning Virginia Tech Agriculture Architecture Engineering Liberal Arts Natural Resources 3. Other School Cornell Hotel Administration Maryland Architecture USC Public Policy

C. Admission 1. Open to all Undergraduates (14) 2. #15 Lehigh University Open only to Business Economics Engineering Art/Science I. OVERVIEW

II. CREDIT COMPARISON

A. Core Courses III. CORE & ELECTIVES 1.One (1) Course DePaul University Real Estate Analysis 2. Two (2) Courses College of Charleston Principles of Real Estate Real Estate Finance 3. Three (3) Courses University of Denver Introduction to Real Estate Real Estate Finance Computer Education

III. CORE & ELECTIVES 4. Four (4) Courses University of San Diego Principles of Financial Accounting Principles of Micro Economics Principles of Real Estate Legal Aspects of Real Estate Georgia State Real Estate Principles Real Estate Development Real Estate Finance and Mortgage Banking Investment Property and Appraisal 5. Six (6) Courses (Lehigh University) 6.Seven (7) Courses (Portland State University)

IV. TUITION COMPARISON

V. PROGRAM CONCENTRATION A. Prerequisites 1.Arizona State University Finance Economics 2.College of Charleston Prerequisites for Courses in Finance, Economics, Business 3. University of Pennsylvania Economics 1 and 2 4. University of Southern California Intro to Mathematics Intro to Economics

V. PROGRAM CONCENTRATION B. Program Emphasis Finance Focus (7) Baruch College of Charleston Cornell DePaul University of Denver University of San Diego(?) University of Southern California (?)

V. PROGRAM CONCENTRATION B. Program Emphasis Development Focus (8) Arizona State Georgia State (?) Lehigh University Portland State University of Maryland University of Pennsylvania Virginia Tech University of Florida (?)

V. PROGRAM CONCENTRATION B. Program Emphasis Construction Management (1) University of Denver

REAL ESTATE DEVELOPMENT EDUCATION in the US: Multi-Disciplinary Masters Real Estate Development Programs

1.Arizona State (MRED) 2.Clemson (MRED) 3.Columbia (MSRED) 4.Cornell (MPS) 5.Harvard (MDES) 6.MIT (MSRED) 7.Texas A&M (MLPD) 8.Maryland (MRED) 9.USC (MRED) 10.Washington (MSRE) A. Universities (as of 2009) I. OVERVIEW

11.Auburn (MRED) 12.Georgetown (MPS ) 13.Johns Hopkins (MSRE) 14.New York (MSRE) 15.Nova Southeastern (MSRE) 16.Portland State (MRED) 17.Tulane (MSRE) 18.Arizona (MRED) 19.Miami (MRED+U) 20.Missouri at Kansas City (MERE) 21.Utah (MRED) A. Universities (as of 2014) I. OVERVIEW

B. Host School I. OVERVIEW 1.Non Business School Clemson University Columbia University MIT Harvard Texas A&M Tulane Arizona Maryland Miami Washington

B. Host School I. OVERVIEW 2. Multi-departmental Arizona State Auburn Cornell Portland State 3. Other School Georgetown *Continuing Education NYU * Continuing Education USC *Public Policy

B. Host School I. OVERVIEW 4. Business Johns Hopkins Nova Southeastern Missouri Kansas City Utah

A. Duration 1.Less that One year Arizona State ( 9 months ) USC (11 months) 2. One year Auburn University MIT Nova Southeastern Portland State Tulane Maryland II. CURRICULUM COMPARISON

A. Duration 3. Eighteen (18) months Columbia Harvard Texas A&M University of Utah University of Washington University of Arizona (16) 4. Two years Clemson University Georgetown University Johns Hopkins University NYU University of Missouri at Kansas City II. CURRICULUM COMPARISON

#UniversityRequired CreditsElective CreditsTotal Credits 1Arizona State University360 2Auburn University390 3Clemson University Columbia University Cornell University Georgetown University181230

II. CURRICULUM COMPARISON #UniversityRequired CreditsElective CreditsTotal Credits 7Harvard University Johns Hopkins University Massachusetts Institute of Technology New York University Nova Southeastern University400

II. CURRICULUM COMPARISON #University Required/Total Courses Electives(Units) Required/Total Credit Hours 12 Portland State University Texas A&M University360 14Tulane University University of Arizona420 16University of Maryland24933

II. CURRICULUM COMPARISON #UniversityRequired CreditsElective CreditsTotal Credits 17University of Miami University of Missouri Kansas City University of Southern California University of Utah University of Washington332760