Advance Development Practices Individual Course Modules

  • This module goes over the seven stages and eight tasks of the Real Estate Development Matrix, then focuses on the first task, Acquisition. It covers the subtasks of acquisition including feasibility studies, underwriting, contract negotiations, due diligence reviews and closing conditions and outlines various acquisition strategies.

  • This module goes over the fifth task in the matrix, Approvals and Permits. It outlines the process of seeking approvals and permits from various authorities, describes the complexities of working with the multiple authorities and agencies that grant approvals and permits, recommends communication and negotiation strategies, and provides best practices for addressing common challenges.

  • The module goes over the process of estimating property value using the discounted cash flow approach and explains the concepts of net present value and internal rate of return. It also outlines the ways that developers get paid, such as fees, equity returns and carried interest.

  • This module focuses on the fourth set of tasks, Environmental Issues. It covers Phase I, II, and III environmental studies, discusses examples of environmental conditions related to surface, sub-surface and atmospheric characteristics of a property, describes how historic and cultural factors fit into an environmental analysis, and explains the role of sustainability measures and certifications in the development process.

  • This module focuses on the second task, Financing. It goes over the subtasks of financing including financial projections, capital formation and accumulation, and financial management and reporting. It explains the various capital requirements in each stage of development and how to estimate development budgets.

  • This module covers the third task in the matrix, Market Analysis and Marketing Strategies. It goes over how to estimate and analyze future market conditions, create a matrix for market analysis, conduct competitive property analysis, and evaluate and determine marketing strategies.

  • This module focuses on the sixth task in the matrix, Physical Improvements. It goes over the subtasks of physical improvements including planning and design, engineering, construction and maintenance. It also recommends best practices for building an effective project team of architects, engineers and contractors and outlines design-bid-build and design-build construction models.

  • This module goes over the final task in the matrix, Sales and Disposition. It covers seller’s due diligence, disposition strategies, the pros and cons of seller financing, and post-closing conditions and concerns.

  • This module goes over the seventh set of tasks in the matrix, Transportation and Accessibility. It defines transportation and accessibility improvements, goes over planning, implementation and maintenance for both on- and off-site improvements, describes the details of a traffic study, and outlines accessibility issues outside and inside buildings.