Gain the insight to make more informed commercial real estate investment and development decisions.
8 weeks, excluding
7–10 hours per week,
Rice Business is offering 10% off this online short course using the code RICERED2020 to help you achieve your 2020 learning goals, as this is the last presentation for the year.
You want a holistic understanding of the commercial real estate landscape, including both investment and development opportunities
You want to understand the full development process and learn how to make informed commercial real estate development decisions
You need to gain the specific financial tools and techniques required to assess the feasibility of a commercial real estate investment
According to Burning Glass Technologies, commercial real estate investment and development skills in Texas are in high demand, with over 29,693 related development and 25,315 investment job openings in the last 12 months. Job growth for professionals with these skills is projected to increase by 15-20% in the U.S. to 2026.1
1Burning Glass Technologies (2019).
Over the duration of this online short course, you’ll work your way through the following modules:
MODULE 1: The logic behind real estate investment decisions
Explore why investors choose to invest in real estate, what risks they are exposed to, and how the return on a real estate investment is calculated.
MODULE 2: The factors affecting real estate value
Examine how the value of income-generating properties is determined, learn more about different property types and investors, and compare the historical performance of real estate to that of other assets.
MODULE 3: The real estate system and the developer
Learn how the real estate development process works, who the different stakeholders involved are, and which phases this process consists of.
MODULE 4: Property level evaluation
Examine the role of rental income in valuing property investments by exploring aspects related to leases, and completing a cash flow proforma.
MODULE 5: Leverage and the impact on risk and return
Establish the impact that debt funding has on a real estate investment’s risk and return, and how an investor can use leverage to increase their returns.
MODULE 6: Economic feasibility of a development project
Consider the factors impacting the real estate development decision, including cap rates, regulatory requirements and costs, among others
MODULE 7: Equity partners
Investigate the financing options available to real estate investors, and what the advantages and disadvantages are of entering into an equity partnership.
MODULE 8: Making investment decisions
Explore the practical aspects that have to be taken into consideration before deciding whether or not to enter into a real estate deal.
Insight into the development process including the multiple stages of commercial property development and the various stakeholders involved.
The ability to conduct a preliminary feasibility analysis in order to identify and analyze the commercial viability of real estate investments and developments.
An understanding of the property investment and return calculations used to analyze profitability such as IRR, NPV and WACC and instruments commonly used to finance commercial real estate assets.
The confidence to diversify your investment portfolio with commercial property assets through in depth knowledge of the commercial real estate ecosystem as a whole.
Jefferson Duarte is an associate professor of Finance and the Gerald D. Hines Professor of Real Estate Finance at the Jesse H. Jones Graduate School of Business at Rice University. He is an expert in several areas of asset pricing and real estate finance including option pricing, fixed income and mortgage-backed securities (MBS).
Currently teaching real estate finance and real estate development, Professor Duarte has also taught Ph.D. and MBA level courses in option pricing models, term structure models and risk management. He holds a B.Sc. in Civil Engineering from the Instituto Tecnológico de Aeronautica (Brazil) and both an MBA and a Ph.D. in finance from the University of Chicago.
This Rice Business online short course is delivered in collaboration with online education provider, GetSmarter.
Join thousands of students globally who have already benefited from the opportunity to:
Gain verifiable and relevant competencies and earn invaluable recognition from a top-tier university,* entirely online and in your own time
*US News (2019).
Enjoy a personalized, people-mediated online learning experience created to make you feel supported at every step
Experience a flexible, but structured approach to online education as you plan your learning around your life, to meet weekly milestones
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