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Certificate in Real Estate: Entitlement, Development and Design

2011 Courses

Seminars
 
Core Courses
 
Elective Courses
 
Other Events

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Required 3-hour Seminar - The Real Estate Process

Instructor: Gary London

Wednesday, January 25, 2012

Understanding the concepts of real estate finance and investments is important for all careers related to real estate. It is also applicable for individuals who wish to better understand real estate for their own personal investment and financing decisions. This introductory seminar offers a prelude to a more comprehensive approach to the areas of real estate financial instruments, development, investment and acquisitions. The student will be exposed to real estate finance, including the various financial instruments necessary to finance shopping centers, office buildings and industrial buildings. The Real Estate Process introduces the fundamentals of development, including land assemblage, land use, entitlements, design considerations, marketing, and leasing. Real estate investment, valuation and income analysis familiarizes the student with concepts and measurements employed in quantitative real estate investment, valuation and income -property analysis. Legal aspects of real estate provides the student with an understanding of the historical, foundational, and legal principles involving both commercial and residential real estate.

(Because this is an introductory seminar, it is highly recommended that students take this as early as possible in their certificate program.)

 

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Seminar - Update on Tax Considerations in Real Estate

Instructors: Daniel Gatto, CPA and Phillip L. Jelsma

Thursday, November 10, 2011

This seminar examines the various tax issues and opportunities facing real estate investors and professionals. The participant will be exposed to: income tax savings in real estate, like-kind exchanges, choice of entities for holding of realty property from a legal and tax perspective, discussion of dealer versus investor for income tax purposes, vacation home; personal use issues, mortgage interest deductibility, passive activity rules, defining real estate professional requirements, depreciation recapture rules, capitalization versus expense of expenses incurred, allocation of purchase price to land/building and other depreciation options/elections, installment sale reporting rules and related pro/cons of using the installment sale.

 

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Core Course: Urban Development Strategies

Instructor: Jeff Graham

Tuesdays, January 10, 17, 24 and 31, 2012

The overall objective for this course is that each student emerges with an excellent understanding of the specific topic: issues and complexities of urban infill development. We will also explore the design, construction, marketing, economic development and social implications of urban infill, as well as the political and community dimensions of projects. Throughout this course we will emphasize the practical aspect of urban infill development, including utilizing practitioners in the field for guest appearances to learn and understand from their experiences. Real estate professionals and those interested in real estate development will benefit from this course including lenders, developers, investors, public agencies, title representatives, urban planners and architects, affordable housing advocates and economic development specialists.

Key highlights include:

  • Strategies for complex mixed-use development
  • California Redevelopment Law
  • Public-private partnerships, solicitation methods and partnership structures
  • Affordable and mixed-income housing development
  • Community involvement and government relations
  • Economic and fiscal impact analysis
  • Transit-oriented development and smart growth
  • Sustainable development

 

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Core Course: Managing the Entitlement Process

Instructor: Lou Lightfoot, A.I.C.P.

Wednesdays, February 8, 15, 22 and 29, 2012

The land development entitlement process often seems like an incomprehensible maze. How do you budget and schedule to get your project through the process successfully? Which regulations apply? How many different agencies must be consulted? What permits are required? This class is for anyone responsible for shepherding a project from concept to permit approvals. We will identify the various regulatory criteria that may affect project design, and the inter-connective, consecutive, and sequential processes required for governmental review and approval. Learn to recognize the policy documents, zoning regulations, and environmental studies that may affect your project budgets and timelines. Hear how these requirements are evolving to address climate change and sustainability.

Key highlights include:

  • The legal framework and societal objectives of the regulatory process
  • Introduction to General Plan and Specific Plan policy documents
  • The organization of land use and design requirements of the Zoning Ordinance
  • The role of the California Environmental Quality Act (CEQA) on project review
  • Evolving concepts that address climate change and sustainability
  • Elements of the project entitlement budget and schedule
  • Understanding the Subdivision Map Act and basic engineering concepts
  • Introduction to the legal requirements for dedications and exactions
  • The role of State and Federal Agencies and their permit requirements

 

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Core Course: Legal Aspects of Real Estate

Instructor: Jeffrey R. Stoke, JD

Wednesdays, May 2, 9,16 and 30, 2012

This course will provide an overview of all legal aspects of acquiring, developing and operating commercial projects. Students will learn how to identify legal and business risks, quantify and manage those risks, and avoid unnecessary legal disputes, project delays and litigation. The course curriculum will be taught from a hands-on perspective, focusing upon core legal principles utilizing numerous case studies, and a variety of sample legal documents.

Key highlights include:

  • Interests in real property
  • Limitations/restrictions on the use of real property
  • Legal principles applicable to site acquisition
  • Title and physical due diligence
  • Environmental issues
  • CEQA processing
  • Financing, construction and leasing of income properties
  • Documenting the deal
  • Recent trends, and emerging issues

 

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Core Course: CEQA and Other Environmental Regulations

Instructor: Ryan Birdseye

Tuesdays, June 5, 12, 19 and 26, 2012

Over the last three decades, environmental regulations have had a major influence on the land use process and helped shape community development. This course will benefit professionals involved in land development by providing an overview of the key local, state and federal environmental regulations that govern land use; it will also identify the major environmental issues confronting land use development and offer proactive site planning and design techniques to minimize environmental impact and promote sustainability.

Key highlights include:

  • Insight into the primary environmental constraints facing development in San Diego County
  • Proven solutions for turning environmental liabilities into assets
  • Tools to minimize time and expense related to the environmental review process
  • Cutting edge techniques to incorporate sustainable measures into site planning and design
  • Case studies demonstrating sustainable design
  • Roundtable discussion of the pros and cons of sustainable practices with a local civil engineer, site planner, environmental consultant and developer

 

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Core Course: Community and Building Design

Instructor: Richard Benson, AIA, LEED AP

Tuesdays, October 4, 11, 18 and 25, 2011

This class will present the Architect's role in site planning and building design in the development process highlighting issues and decisions that lead to sustainable developments. Using examples ranging from urban infill sites to previously undeveloped sites, the class will be presented the process of analyzing the characteristics of a site and the building context that influence what can be built responsibly. Special emphasis will be devoted to the re-emergence of mixed-use developments and town centers as a responsible alternative to suburban sprawl. With further examples that cover a variety of building types and uses, the class will follow the design process through the myriad of choices and regulations that are encountered in getting projects built.

Key highlights include:

  • The impact of construction related activities on the world's resources and the future quality of the environment
  • The architect's role in the design development process following the steps required from initial site analysis through construction
  • How physical characteristics and land use regulations impact the development potential of a site
  • How structural, mechanical, electrical and plumbing choices impact the environment
  • The basics of sustainable goal setting, documentation and measurement systems such as LEED, Green Globe, Green Building Challenge and Energy Star
  • How mixed use town centers and suburban villages are developed for sustainability

 

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Core Course: Working with the Maze of Stakeholders

Instructor: Chris Morrow, A.I.C.P.

Wednesdays, November 2, 9, 16 and 30, 2011

Why does it only take months to construct a project and years to get it entitled? Who are the public and private participants and stakeholders? How does going "green" influence the entitlement process? This course is for anyone involved in the discretionary entitlement process and will benefit members of the private sector, public sector, and stakeholders. Topics to be covered include an overview of the entitlement process, discussion of the political nature of land development, identification of the range of stakeholders, and review of the tools and strategies applicable to working with the maze of stakeholders. Case studies and input from professionals with in-depth knowledge of the "maze" will be featured throughout the course.

Key highlights include:

  • Overview of land use entitlement process
  • The political nature of the planning process
  • Identifying the range of stakeholders
  • Public and private sector perspectives
  • Tools for working with special interests
  • Potential impact of "green" projects

 

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Elective Course: Real Estate Investment and Income Analysis 101

Instructor: Nathan Moeder, MSRE

Wednesdays, March 7, 14, 21 and 28, 2012

The student objective is to acquire an understanding of finance and investment fundamentals in the real estate world. This class will examine the basics of financial analysis that informs the real estate investor in decision-making and the lender for underwriting.

Key highlights include:

  • Understanding basic finance (time value of money)
  • Financial returns, ratios and benchmarks for feasibility
  • Static Proforma Analysis
  • Cash flow projections for income properties
  • Development Proforma Analysis
  • Joint ventures & syndications

 

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Elective Course: Real Estate Investment and Income Analysis 102

Instructor: Nathan Moeder, MSRE

Wednesdays, April 4, 11, 18 and 25, 2012

Students of this course should have a prior understanding of the financial basics taught in Real Estate Investment and Income Analysis 101. The purpose of this course is to give students the opportunity to apply their analytical skills to "real" projects and investments. Each week students will be given case studies to take home analyze for the following week's class. Students will prepare financial models and analysis for the case studies to determine the overall profitability and feasibility, and to identify the risk attributes that can affect the investment. Students must have access to a computer, a real working knowledge of excel spreadsheets or some other spreadsheet program, and come prepared each class to discuss the analysis.

Highlights:

  • Structuring a joint venture for a real estate syndication
  • Analyzing the investment opportunity for a bulk sale of condominiums
  • Restructuring the debt/equity for a project that is in distress
  • Analyzing the opportunity to invest as a limited partner in a student housing fund

     

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    Elective Course: Property Management

    Instructor: Kurt Sullivan, CSM

    Wednesdays, August 8, 15, 22 and 29, 2012

    The operations, administration and executive functions related to the management of real estate properties will be presented by an instructor with onsite and corporate property management experience in various forms of real estate products. Specific examples of situations one may encounter and some of the "do's and don'ts" of property management will provide the student with real-life views of this aspect of the real estate profession.

    Key highlights include:

    • Management philosophies and approaches
    • Owner expectations & relationships
    • Day to day operations
    • Legal, risk and financial considerations
    • Customer relations and strategies
    • Budgeting and strategic planning
    • Marketing and leasing

     

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    Elective Course: Real Estate Finance

    Instructor: Daniel Phelan, CMB, CRI

    Tuesdays, September 6, 13, 20 and 27, 2011

    This course will give the student a working knowledge of the types of income properties with emphasis on underwriting the cash flows from each of the four main property types. It will also identify sources of capital and analyze the types of financing available in today's commercial real estate markets. From this course, including a case study, students will acquire a broad understanding of how real estate investment and development deals are financed, structured and accomplished for commercial real estate properties.

    Key highlights include:

    • Property Types and Various forms of Income & Expense for each
    • Mortgage underwriting and valuation
    • Types of Real Estate Debt (Construction and Permanent loans, secondary and other debt)
    • Parties to the financing transaction
    • Capital Market and sources of Real Estate Capital
    • The secondary mortgage market and securitization
    • Sources of equity (pension funds, insurance companies, private investors)

     

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    Graduation

    Wednesday, Dec. 7, 2011

    no additional details

     

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