CP 4610: Introduction to Real Estate Investment
Syllabus
Purpose of the course:
Introduce students to a broad spectrum of real estate terms, concepts, analytical conventions, institutions and current issues while providing the base for more specialized study in real estate finance and investment, appraisal, market analysis and asset management. The course is the only required course for the under-graduate Certificate in Land Development.
Objectives of the course:
This introductory course to Real Estate Development has the following objectives:
• to introduce the student to real estate investment principles;
• to present the basics of real estate development issues that are used by land developers and real estate investors; and
• to provide the student with a basic understanding of physical, market and financial aspects of real estate investment in order for the student to pursue further coursework in real estate.
Required work:
In order to meet the objectives of this course, students will be required to participate in class discussion and to spend a significant amount of study outside of the classroom. In-class participation, on a daily basis, will be monitored and students will be graded accordingly. Outside of the classroom, students will be required to prepare individual projects (research papers) and complete the reading assignments.
All coursework is expected to be turned in on time in order for the topics to be discussed openly in a timely manner. Any work that is turned in late will receive a ten percent (10%) reduced credit for each school day that the assignment is late. All coursework is expected to be presented in a professional manner utilizing all communication skills necessary to present a complete and polished assignment. Students are expected to pay particular attention to organization, presentation, correctness of grammar and spelling and absence of typographical errors. Plagiarism and other forms of violations of the Georgia Tech Honor Code will not be tolerated. The Georgia Tech Honor Code is in effect throughout the course. Please review and understand this code.
Individual projects will be assigned as homework and will be due on the date noted on the class schedule. A semester project will be assigned to separate teams within the first two weeks of the semester and the project will be due at the end of the semester. Each team of students will be assigned a specific property with a development scenario in a local metropolitan Atlanta location. A mid-term exam will be given during the semester. The mid-term examination will focus on the reading and project assignments. The final examination will be a presentation of the semester project to each team's respective local government.
Grades for the course shall be based as follows:
10% In-class participation
20% Individual projects
20% Mid-term Exam
50% Semester Project
Course materials:
Required text:
Floyd, Charles F., Real Estate Principles. Dearborn Financial Publishing, Inc., 7 th Edition or later. (This text is available in the Georgia Tech Bookstore.)
Additional readings will be made available in the Architecture Library.
Recommended additional resources:
Reilly, John W. 2000. The Language of Real Estate. Dearborn Financial Publishing, Inc., 5th Edition.
Galaty, Fillmore W., Allaway, Wellington J., and Kyle, Robert C. 2000. Modern Real Estate Practice, 15th Edition.