Urban Real Estate Course

Fundamentals of Urban Real Estate

- Course Description
- Module Descriptions
- Who Should Register?
- Registration Information
- Meet the Instructors
- Course Endorsement

Course Description
Take advantage of a unique opportunity to gain diverse credentials, reach into new markets and access deep, up-to-date expertise in Chicago's real estate market. It's rare to find a course that provides such a broad and productive learning opportunity for real estate professionals and others interested in learning more about the Chicago real estate landscape. This course covers the various markets within the city, appraisals and market analysis, financial concepts and residential and commercial development.

Fundamentals of Urban Real Estate was created and is taught by widely recognized scholars and researchers with expertise in real estate, finance, urban and suburban Chicago markets and economics.

Modules: Finance | Appraisal | Markets in Chicago | Development

Module 1:
Principles of Real Estate Finance

This module presents the fundamental concepts related to real estate finance. It includes a discussion of basic real estate terminology, public and private sources of debt and equity and the different types of commercial real estate mortgages. The course explores the analysis and feasibility of a real estate project using Excel as well as the impact of various debt instruments and economic changes on investor returns.

Module topics include:

Use of Excel to analyze a real estate project
Variable and fixed rate mortgages
Public and private sources of Debt and Equity for real estate investment including REITs and Commercial Mortgages
Backed Securities

Course Number:	REF1008
Fee:	$500
Dates:	Tuesdays, October 7 - 21, 2008
Time:	6 - 8:30 p.m.
Instructor:	Craig Boyer
Registration Deadline:	Monday, October 6, 2008
Discount:	SAVE 15% if you register with a team of 3 or more employees from your organization (a savings of $75)! SAVE 20% if you are a University of Illinois employee, student, or alumni (a savings of $100)! (Only one discount per person. Offers cannot be combined.)
Register Now!
-Take the optional end of module exam and receive 6 hours of continuing education elective credits for this module from the State of Illinois Office of Banks and Real Estate toward the continuing education requirements of your Real Estate License.

Module 2:

Real Estate Appraisal and Housing Market Analysis

This module introduces the appraisal process for real estate valuation. Applicable to both residential and commercial properties, the module focuses on the three traditional approaches to value: Cost, Sales Comparison and Income Capitalization. The class begins with basic valuation concepts and then leads the student through the process of an appraisal, including an understanding of the important elements of comparison for different property types. Primary emphasis is upon commercial property appraising, but single-family forms reports are also discussed.

Course Number:	REA1008
Fee:	$500
Dates:	Tuesdays, October 28 - November 11, 2008
Time:	6 - 8:30 p.m.
Instructor:	Michael Truesdale
Registration Deadline:	Monday, October 26, 2008
Discount:	SAVE 15% if you register with a team of 3 or more employees from your organization (a savings of $75)! SAVE 20% if you are a University of Illinois employee, student, or alumni (a savings of $100)! (Only one discount per person. Offers cannot be combined.)
Register Now! -Take the optional end of module exam and receive 6 hours of continuing education elective credits for this module from the State of Illinois Office of Banks and Real Estate toward the continuing education requirements of your Real Estate License.

Module 3:
Real Estate Development and Investment:
The Structure of Successful Projects

This module provides a basic method for studying the financial feasibility of real estate developments, and then examines several case studies from the Chicago area. Cases include office, commercial, residential and mixed use developments. Both successful and unsuccessful developments are examined. Real estate investment is compared to real estate development.

Module topics include:

Development Planning
Development Financing and Financial Feasibility
Basic Development Pro Forma
Case Studies in Chicago : Housing, Commercial, Office, Block 37
Investment cases will be studied and discussed

Course Number:	RED
Fee:	$525
Dates:	Tuesdays, November 18 - December 9, 2008
Time:	6 - 8:30 p.m.
Instructor:	Thomas Bothen
Registration Deadline:	Monday, November 17, 2008
Discount:	SAVE 15% if you register with a team of 3 or more employees from your organization (a savings of $75)! SAVE 20% if you are a University of Illinois employee, student, or alumni (a savings of $100)! (Only one discount per person. Offers cannot be combined.)
Register Now! Take the optional end of module exam and receive 6 hours of continuing education elective credits for this module from the State of Illinois Office of Banks and Real Estate toward the continuing education requirements of your Real Estate License.

Module 4:

Understanding Real Estate Markets in Chicago:
Identify and Profit from Inevitable Real Estate Cycles

This module begins with an economic framework for understanding real estate markets in an urban area, and then examines the office, industrial, commercial and residential markets in the Chicago metropolitan area. Numerous sources of data, much of them on the Web, are examined.

Module topics include:

Downtown housing boom
Boom, Bust and Boom in Office Markets
Edge Cities
Predicting demand for real estate
Evaluating the impact of the sub-prime lending credit crunch.

Course Number:	REM0
Fee:	$500
Dates:
Time:
Instructor:
Registration Deadline:
Discount:	SAVE 15% if you register with a team of 3 or more employees from your organization (a savings of $75)! SAVE 20% if you are a University of Illinois employee, student, or alumni (a savings of $100)! (Only one discount per person. Offers cannot be combined.)

Who should register for this course?
The Fundamentals of Urban Real Estate course is suitable for anyone interested in property investing, pursuing a degree in real estate or learning more about Chicago 's real estate market. Licensed realtors and brokers in Illinois can earn up to 24 hours of continuing education elective credit towards licensing renewal.

Registration Information

Course Number:	RE
Fee:	$1595 for all four modules
Dates:	To be announced
Time:	6 - 8:30 p.m.
Instructor:
Location:	1337 South. Halsted, St. 380, Chicago, IL 60607

	SAVE 15% if you register with a team of 3 or more employees from your organization (a savings of $239.25!) SAVE 20% if you are a University of Illinois employee, student, or alumni (a savings of $319)! (Only one discount per person. Offers cannot be combined.)

Unable to register at this time?
Join our e-mail list if you are interested in being notified of the next offering of this course.

Meet the Instructors

Thomas Bothen
Craig R. Boyer
Michael S. Truesdale

Course Endorsement
This course is endorsed by the Urban Land Institute Chicago:

The mission of the Urban Land Institute is to provide responsible leadership in the use of land in order to enhance the total environment.

ULI's strategic direction is to extend its industry leadership to:

Bring together the people able to influence the outcome of important issues related to land use and the built environment; communicate who we are and what we-our members and our Institute-have learned about land use to increase ULI's influence on land use policy and practice; and continue to provide relevant and current information about land use and real estate development to all our members and stakeholders.

Disclaimer - UIC CBA Professional Development reserves the right, without prior notification to students, to change course content, instructors or schedules at any time to ensure the effective operation of programs.

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