Commercial real estate development is a complex, demanding and risky endeavor that can also be very rewarding. Successful developers are detail and results oriented. They are also creative problem solvers with skills in financial and market analysis, an ability to multi-task efficiently and to work effectively with a variety of partners including investors, contractors, community leaders and regulators. The Wisconsin MBA in Real Estate offers several courses to build the knowledge and skills that a developer will need: Real Estate Valuation and Feasibility Analysis; Bargaining, Negotiation and Dispute Settlement; Entrepreneurial Management and others.
Lending and Financing
There are a range of types of financing which provide capital to real estate projects including construction lending, commercial mortgage-backed securities (CMBS) or mezzanine financing. Successful lenders and financiers have strong quantitative skills and are highly analytical. Good communication and networking skills are important in generating new business. The state of the current mortgage environment also offers opportunities for independent loan modification experts who work with lenders and borrowers to restructure the terms of a loan. The Wisconsin MBA in Real Estate offers a number of core courses and electives to strengthen and focus skills in this area including: Corporate Finance Theory and Practice and Real Estate Capital Markets.
Asset and Portfolio Management
Asset managers with real estate firms, banks, real estate investment trusts (REITs) or in the real estate department of major corporations have responsibility for multiple properties, advising on the purchase, development and sale of assets. Opportunities exist for managers to assist in the disposition of foreclosed properties. Successful managers need a deep understanding of financial principles, real estate property types, plus the ability for critical analysis and strong presentation skills. The Wisconsin MBA in Real Estate offers courses in Fixed Income and Derivative Securities, Security Analysis and our unique second-year Applied Real Estate Investment Track (AREIT) program.
Real Estate Advisory Services
Real estate advisors play a variety of roles in the development and management of real estate assets. Appraisers determine the value of a property based on an analysis of property features, comparable developments, and current market conditions. Specialized consultants may advise on commercial property purchase decisions, tax issues and portfolio valuation. Successful advisers need a strong foundation in the categories of real estate; an understanding of finance, accounting and legal issues; good interpersonal skills and a client service perspective. The Wisconsin MBA in Real Estate offers a choice of electives including Multinational Business Finance and Venture Creation.
Economic Development and Public Policy
Urban economic development brings together developers, investors, residents and politicians to maximize property values, quality of life and community sustainability while minimizing congestion, pollution and other impacts on the environment. Keys to success include an awareness of the many contributors to a real estate project, an understanding of complex issues, a desire to resolve problems and to improve a community. The government’s role in finance and real estate industries is changing. Significant opportunities exist in shaping, managing and implementing new regulations. The Wisconsin MBA in Real Estate offers classes in Real Estate Law and Urban Economics.
Real Estate MBA students have access to a wide variety of resources to support them during the job placement process. Assistant Director for Career Services Sharon McCabe is available to advise and guide you in your internship and permanent placement search.