1. 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

2. Real Estate Development Education: Undergraduate Minors

3. 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

4. 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

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

6. II. CREDIT COMPARISON

8. 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

9. 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)

10. IV. TUITION COMPARISON

12. 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

13. 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 (?)

14. 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 (?)

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

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

17. 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

18. 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

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

20. 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

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

22. 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

23. 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

24. #UniversityRequired CreditsElective CreditsTotal Credits 1Arizona State University360 2Auburn University390 3Clemson University54357 4Columbia University27.517.545 5Cornell University392362 6Georgetown University181230

25. II. CURRICULUM COMPARISON #UniversityRequired CreditsElective CreditsTotal Credits 7Harvard University24 48 8Johns Hopkins University30636 9 Massachusetts Institute of Technology 511566 10New York University241842 11Nova Southeastern University400

26. II. CURRICULUM COMPARISON #University Required/Total Courses Electives(Units) Required/Total Credit Hours 12 Portland State University 451055 13Texas A&M University360 14Tulane University35641 15University of Arizona420 16University of Maryland24933

27. II. CURRICULUM COMPARISON #UniversityRequired CreditsElective CreditsTotal Credits 17University of Miami30636 18University of Missouri Kansas City241236 19University of Southern California36844 20University of Utah36642 21University of Washington332760