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    Massachusetts College of Art and Design
  Feb 17, 2018
Academic Catalog 2016-2017 [ARCHIVED CATALOG]

EDAD445 Real Estate Development 3cr.

This class provides a detailed overview of real property development and the role of the
architect among the wide range of professionals who contribute to the process. Students are
introduced to concepts of risk and return, real estate markets, zoning and regulation, basic
property law, types of business entities, debt and equity, valuation and appraisal, property and
liability insurance, and the various ways in which architects can engage in and contribute to
creating financially successful projects. Students learn the use of analytical tools
including pro forma analyses, discounted cash flows, net present value, internal rate of
return, project management and scheduling, and the creation and
use of simple spreadsheets. The class also looks at the biographies of a number of well-known real
estate developers to see widely differing management styles and approaches. Projects
ranging in size from the rehab of a 3-family “triple-decker” to the development of a complex
multi-million dollar mixed-use project are examined. Guest presentations by practicing
professionals are used to bring real-world pespectives to the class materials.

Spring Only