Montclair State University

Feliciano School of Business

Former Clinical Specialist of Real Estate and Finance (2017-2019)

REAL 405: Real Estate Development

This course provided an understanding of the relevant market structures, institutional frameworks (e.g., tax laws, social regulations, monetary policy, etc.), and other appropriate analytical tools used to decide whether commercial real estate development opportunities are viable by providing students with an operational knowledge of developing commercial real estate. The analysis focused on real world qualitative and quantitative commercial real estate development scenarios by emphasizing the use of computer-based programs such as Excel, Argus and ArcGIS.

This course was a high level masters program equivalent for the study of the policy and procedures utilized in the real estate development process including:

• Market Issues & Project Feasibility
• Site Selection and Acquisition
• Appearing before Zoning and Planning Boards
• Environmental Issues, Design
• Partnership Considerations & Entities
• Contract Negotiations
• Due Diligence
• Raising Equity & Sources of Capital
• Financing and Loan Documentation
• Insurance
• Title Issues
• Lease and Lease Abstracts,
• Construction and Construction Draw Requests
• Reasons for Delay, Safety and Property Management
• Leadership, Management and Control of the development team

The course helped student to understand the principles of real estate development and empower them to successfully participate in real estate development activities moving forward to a Masters Degree Program or immediate Job Placement.