Finance and Real Estate

College of Business

 

Chair John David Diltz

 

Web wweb.uta.edu/finance/

Phone 817.272.3705

Fax 817.272.2252

 

434 Business Building

Degrees / Certificates

Master’s Degrees

Quantitative Finance, M.S.

Real Estate, M.S.

Doctoral Degrees

Finance (Business Administration), Ph.D.

Certificates

Real Estate Development Certificate – Gainful Employment Disclosure

Graduate Faculty

John Dowdy

Professor

John David Diltz, Graduate Advisor:

Quantitative Finance, M.S.

Associate Professor

Darren Hayunga, Graduate Advisor:

Finance (Business Administration), Ph.D.

Sanjiv Sabherwal

Salil Sarkar

Assistant Professor

John Adams

Necmettin Gormus

Arun Narayanasamy

Assistant Adjunct Professor

Daniel Lowrance

Professor Emeritus

Vincent Apilado

Clinical Professor

Fred Forgey, Graduate Advisor:

Real Estate, M.S.

Lecturer

Lee Schwemer

Department Information

Courses

Objective

Master of Science in Quantitative Finance

Master of Science in Real Estate

Graduate Certificate in Real Estate Development

 

Objective

The Department of Finance and Real Estate participates in several graduate degree programs including the Ph.D. in Business Administration, the Master of Business Administration, the Master of Science in Quantitative Finance and the Master of Science in Real Estate. In the Ph.D. in Business Administration, courses in finance and real estate prepare students for careers in teaching, research, business, and government. Concentrations in both finance and real estate are offered in the M.B.A. program (see Interdepartmental and Intercampus Programs for degree requirements). The M.S. in Quantitative Finance provides an in-depth exposure to the quantitative aspects of finance. The M.S. in Real Estate provides students in-depth training in real estate decision making.

Master of Science in Quantitative Finance

The Master of Science in Quantitative Finance degree program is designed to meet the growing demand for financial professionals equipped to implement state-of-the-art analytical techniques in support of financial decision-making. Students complete a rigorous seven-course sequence that includes: finance theory, mathematical finance, financial modeling, economic theory, and econometrics. Students then complete a five-course elective program designed jointly by the student and the program advisor. The Master of Science in Quantitative Finance degree program is a specialized degree program designed to build upon the candidate's prior background.

Accreditation

The Master of Science in Quantitative Finance is accredited by the AACSB-The International Association for Management Education.

Admission - Master of Science in Quantitative Finance

Admission to the M.S. in Quantitative Finance (MSQF) program is based upon the completion of the general admission requirements of the Graduate School. For admission into the MSQF program, an acceptable score in the Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) and acceptable undergraduate performance are required. The GMAT is strongly preferred. Preference is given to individuals having extensive mathematics or computer science backgrounds. Students whose native language is not English must also take the Test of English as a Foreign Language (TOEFL), TOEFL iBT, Test of Spoken English (TSE) or International English Language Testing System (IELTS). International applicants scoring below acceptable levels on verbal portions of entrance examinations may be admitted conditional upon passing an English proficiency exam or upon completing the University's Graduate English Skills Program prior to beginning graduate coursework. The GMAT or GRE score shall not be used as the sole criterion for for admitting applicants or the primary criterion for denying an applicant's admission into the MSQF program. Specifically, multiple criteria are used to make admission decisions. Unconditional acceptance is based on consideration of all the information listed below, and the decision to deny admission is not based on any single criterion.
Applicants are encouraged to submit with their application a resume that highlights professional and personal accomplishments, linguistic abilities, computer expertise and leadership experience.

Along with the grade point average and GMAT or GRE scores, admission criteria include the following:

  1. An undergraduate GPA of at least 3.0 on a 4.0 scale as calculated by the Graduate School. The grade point average is calculated on your undergraduate degree using approximately the last 60 hours. A graduate grade point average is used in the index along with GMAT scores when it is a 3.0 or above and based on at least 24 hours.
  2. GMAT or GRE sub-scores (verbal and quantitative) are also considered in the admission decision. A typical successful candidate will score at or above the 75th percentile on the quantitative portion, and at or above the 40th percentile on the verbal portion of either exam.
  3. International Applicants must submit a score of at least 550 on the paper-based TOEFL, a score of at least 213 on the computer-based TOEFL, a minimum score of 40 on the TSE, a minimum score of 6.5 on the IELTS, or a minimum TOEFL iBT total score of 79 with sectional scores that meet or exceed 22 for the writing section, 21 for the speaking section, 20 for the reading section, and 16 for the listening section to meet this requirement.
  4. Grades in specified undergraduate business and non-business courses (math, accounting, economics, statistics, for example)
  5. Mathematics coursework through multivariate calculus (calculus III).
  6. A satisfactory 200 word essay outlining the role that the MSQF degree is intended to play in the applicant's career objectives.
  7. Positive letters of recommendation from three persons familiar with the applicant's academic background and/or work experience who can assess the applicant's potential for success in graduate school.
  8. General and specific program accreditation status of degree-granting institution.
  9. Professional work experience.
  10. Professional certification or licensure.

 

Unconditional Admission

For unconditional admission, items 1 through 6 above should indicate strongly the potential for successful academic performance at the Master's level. Students who are unconditionally admitted, have a minimum undergraduate grade point average of 3.0 as calculated by the Graduate School (or 3.0 at the graduate level), and enroll for a minimum of six semester credit hours will be eligible for available fellowship and/or scholarship support. A standardized test score (GMAT or GRE) will not be used as the sole criterion or the primary criterion for determining fellowship and/or scholarship eligibility.

Probationary Admission

An applicant deemed deficient in one or more of the above criteria may be considered for probationary admission upon careful review of his/her materials. An applicant admitted under this provision shall be expected to complete his/her first 12 hours of coursework with a grade of B or better.

Provisional, Deferred and Denied Admission

Provisional admission may be granted if an applicant is unable to supply all required documentation prior to the admission deadline but who otherwise appears to meet admission requirements. A deferred decision may be granted when a file is incomplete or when denial is inappropriate.
An applicant will likely be denied admission when three or more of items one through six above indicate lack of potential for success in the program. All applicant data will be evaluated carefully before a denial is issued.

Degree Requirements

The M.S. in Quantitative Finance is designed to provide a specialized, highly analytical graduate education to financial managers, financial analysts, and technical personnel. The program consists of 36 credit hours of coursework in finance, economics, mathematics, statistics, and computer science. All students will complete a twenty-one-hour set of foundation classes consisting of:

ECON 5310 Microeconomic Theory

FINA 5323 Investments

FINA 5327 Financial Derivatives

FINA 5330 Real Options

FINA 5350 Mathematical Finance

FINA 5351 Financial Modeling

ECON 5336 Econometrics

The remaining fifteen-hours of coursework are selected by the student, subject to the approval of the program advisor. Courses will be chosen from a list that includes: (1) finance elective classes (international finance, financial institutions, capital markets, real options, and capital budgeting), (2) economics (macroeconomic theory, econometrics, time series analysis), (3) mathematics (advanced calculus, real analysis, differential equations, stochastic processes, and numerical methods), (4) statistics (probability theory, mathematical statistics), and (5) computer science (programming languages, numerical methods, parallel processing, software engineering).

Students who do not have the appropriate background may have to take additional foundation coursework. Quantitative background appropriate to begin the MSQF program consists of a minimum of 6 credit hours of calculus and 3 credit hours each in linear algebra, statistics, and computer programming. Other foundation coursework would include at least 3 credit hours each of microeconomics and finance.

Master of Science in Real Estate

The purpose of the Master of Science in Real Estate degree program is to provide students an opportunity to obtain a better understanding of the mechanics of real estate decision making in modern society and a greater depth of training in the discipline of real estate decision making than is possible at the baccalaureate level. The specific objectives of the program are to prepare students for careers in business, government, research, and teaching and for further graduate study. In this program, students are exposed to the theory, research, and practical applications of numerous real estate content areas, including investment analysis, appraisal, real estate development, primary and secondary mortgage markets, and mortgage backed securities. The Master of Science in Real Estate degree program is a specialized degree program designed to build upon the candidate's background.

Accreditation

The Master of Science in Real Estate is accredited by the AACSB-The International Association for Management Education.

Admission - Master of Science in Real Estate

Along with the grade point average and GMAT or GRE scores, admission criteria include the following:

  1. An undergraduate grade point average (GPA) of 3.0 on a 4.0 scale, as calculated by the Graduate School, is typical of a successful candidate. This will be integrated into a formula or index that multiplies the GPA by 200 and adds the resulting value to the GMAT Score. An index score greater than 1070 or higher is typical of a successful candidate.
  2. GMAT sub scores (verbal and quantitative) are also considered in the admission decision. GMAT sub scores greater than the 30th percentiles are typical of a successful candidate.
  3. A GRE quantitative percentile greater than the 30th percentile and Verbal percentile greater than the 30th percentile is typical of a successful applicant.
  4. International applicants must submit a score of at least 550 on the paper-based TOEFL, a score of at least 213 on the computer-based TOEFL, a minimum score of 40 on the TSE, a minimum score of 6.5 on the IELTS, or a minimum TOEFL iBT total score of 79 with sectional scores that meet or exceed 22 for the writing section, 21 for the speaking section, 20 for the reading section, and 16 for the listening section to meet this requirement.
  5. Grades in specified undergraduate business and non-business courses (math, accounting, economics, statistics, for example)
  6. Educational objectives and quality of written expression of the 200 word application essay.
  7. Letters (2 are required) of recommendation from two persons familiar with the applicant's academic background and/or work experience who can assess the applicant's potential success in graduate school.
  8. General and specific program accreditation status of degree-granting institution.
  9. Professional work experience.
  10. Professional certification or licensure.

Due to the specialized nature of the MSRE, provisional and probationary admission decisions are infrequent options. Furthermore, please note that these are admission decision criteria and not application options (i.e., no one applies for provisional or probationary admissions).

Unconditional Admission

For unconditional admission, the applicant's composite total form the index must be 1070 or higher and items 1 through 5 above should strongly indicate potential for successful academic performance as a graduate real estate student.

Students who are unconditionally admitted, have a minimum undergraduate grade point average of 3.0 as calculated by the Graduate School (or 3.0 at the graduate level), and enroll for a minimum of six semester credit hours will be eligible for available fellowship and/or scholarship support. A standardized test score (GMAT) will not be used as the primary criterion for determining fellowship and/or scholarship eligibility.

Probationary Admission

For an applicant with an index score below 1070, probationary admission may be available if items 1-10 indicate a potential for successful academic performance as a graduate real estate student. Students who are admitted on probation will have one or more conditions specified, such as no grade less than 'B' for the first 12 hours of graduate study.

Provisional, Deferred and Denied Admission

A provisional decision to admit may be granted when the applicant meets criteria for unconditional or probationary status but one or more applicant credentials are incomplete. A deferred decision may be made when an applicant's file is not sufficiently complete to make a final admission decision.

For an applicant with an index score less than 1000 and if items 1-10 do not indicate a potential for successful academic performance as a graduate real estate student admission will likely be denied. All applicant data will be carefully reviewed before an admission denial is made.

Waiver of GMAT Score for Graduate Certificate in Real Estate Development Students

Students who successfully complete the Graduate Certificate in Real Estate Development with a GPA of 3.5 or higher will, upon the recommendation of the Graduate Advisor and the Dean of Graduate Studies, be granted a waiver of the GMAT requirement for their application to the Master of Science in Real Estate program.

Degree Requirements

The program, which can be completed by part-time students who attend classes during the late afternoon, evening hours, and Saturdays, is designed to accommodate students with divergent educational backgrounds and career interests. Each student's program of work must be approved by the Real Estate Graduate Advisor and it must contain a minimum of 15 semester hours in approved advanced graduate real estate courses taken at The University of Texas at Arlington.

A minimum of 36 semester hours is required. All classes must be approved by the Graduate Advisor in Real Estate. Students who do not have a bachelor's degree in business administration may have to take additional coursework (up to 3 semester hours) to acquire a sufficient general business foundation. Students may have foundation courses waived by the Graduate Advisor if they have completed equivalent courses.

Foundation Course

REAE 5311 Real Estate Analysis

Required Courses

REAE 5314 Seminar in Real Estate Development

REAE 5319 Seminar in Real Estate Finance

REAE 5321 Seminar in Real Estate Investments

REAE 5334 Seminar in Real Estate Appraisal

Advanced Elective Courses

All other 5000 level REAE courses

A minimum of 36 semester hours including six hours of thesis (REAE 5698 Thesis) is required if the student chooses to write a thesis. The thesis hours will involve working closely with one or more members of the graduate faculty from the Department of Finance and Real Estate on a research project in a specialized area of interest in real estate.

Fast Track Programs

The Fast Track Program enables outstanding undergraduate UT Arlington Business students to satisfy degree requirements that will lead to a Master of Science in Real Estate (MSRE) while completing their undergraduate studies. If admitted, students will be allowed to take select graduate courses that may be used to satisfy both bachelor's and master's degree requirements. Admitted students will be allowed to complete 6 to 9 hours of selected graduate coursework as an undergraduate student. A GPA of 3.0 on the graduate work is required to continue taking graduate courses. Any Fast Track student who completes the 6 to 9 hours of graduate coursework with grades of B or better will be automatically admitted to Graduate School. The student would then be awarded his or her bachelor's degree. The student will not be required to take the GMAT, complete the Graduate School Application, and will have the related application fees waived.

Graduate Certificate in Real Estate Development

Objective

In keeping with the mission of The University of Texas at Arlington to provide lifelong learning opportunities, the Department of Finance and Real Estate now offers a Graduate Certificate in Real Estate Development. The Graduate Certificate in Real Estate Development is designed to provide qualified real estate professionals advanced instruction in real estate development and allow them to further their professional development. This post-baccalaureate Certificate provides an educational opportunity that is narrower in scope, and shorter in duration, than graduate degree programs. It is ideal for people transitioning from one sector of real estate into real estate development, or those in the process of satisfying education requirements for various professional real estate licenses.

Admission

Admissions to the Graduate Certificate in Real Estate Development is based upon the general admission requirements of the graduate school. Generally applicants must have an undergraduate grade point average of at least 2.9 as calculated by the Graduate School. A graduate grade point average is used when the applicant has attained at least 24 graduate semester hours.

Applicants whose undergraduate GPA was less than a 2.9 may still be admitted to the Graduate Certificate in Real Estate Development program by meeting the admissions requirements for the M.S. Real Estate program.

Course Requirements

The Graduate Certificate in Real Estate Development requires students to take and to complete with a minimum GPA of 3.0, five graduate real estate courses. The structure of the program is:

Foundation Course

REAE 5311 Real Estate Analysis

Required Courses

REAE 5314 Real Estate Development

REAE 5321 Real Estate Investments

REAE 5319 Real Estate Finance

REAE 5334 Real Estate Appraisal

Use of Courses toward Degree Program

Students that initially enroll in the Graduate Certificate in Real Estate Development may later use up to 15 hours of coursework from the Certificate program toward the Master of Science in Real Estate degree.

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Please Note:

The grade of R (research in progress) is a permanent grade; completing course requirements in a later semester cannot change it. To receive credit for an R-graded course, the student must continue to enroll in the course until a passing grade is received.

An incomplete grade (the grade of I) cannot be given in a course that is graded R, nor can the grade of R be given in a course that is graded I. To receive credit for a course in which the student earned an I, the student must complete the course requirements. Enrolling again in the course in which an I was earned cannot change a grade of I. At the discretion of the instructor, a final grade can be assigned through a change of grade form.

Three-hour thesis courses and three- and six-hour dissertation courses are graded R/F/W only (except social work thesis courses.) The grade of P (required for degree completion for students enrolled in thesis or dissertation programs) can be earned only in six- or nine-hour dissertation courses and nine-hour thesis courses. In the course listings below, R-graded courses are designated either “Graded P/F/R” or “Graded R.” Occasionally, the valid grades for a course change. Students should consult the appropriate graduate advisor or instructor for valid grade information for particular courses. (See also the sections titled “R” Grade, Credit for Research, Internship, Thesis or Dissertation Courses and Incomplete Grade in this catalog.)

Courses (FINA)

FINA5182 – INDEPENDENT STUDIES IN FINANCE

1 Lecture Hour  ·  0 Lab Hours

Extensive analysis of a finance topic. Prerequisite: consent of instructor and department chair.

 

FINA5199 – GRADUATE FINANCE INTERNSHIP

1 Lecture Hour  ·  0 Lab Hours

Practical training in finance. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester hours completed.

 

FINA5299 – GRADUATE FINANCE INTERNSHIP

2 Lecture Hours  ·  0 Lab Hours

Practical training in finance. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester hours completed.

 

FINA5311 – BUSINESS FINANCIAL MANAGEMENT

3 Lecture Hours  ·  0 Lab Hours

Study of providing the organization with funds necessary for its operation and of achieving effective utilization of funds. Primary emphasis on financial decision-making within organizations, and techniques of financial analysis and forecasting. Prerequisite: ACCT 5301 or departmental permission.

 

FINA5315 – HEALTH CARE FINANCIAL MANAGEMENT

3 Lecture Hours  ·  0 Lab Hours

Analysis of financial problems with an emphasis on the application of financial management principles and concepts to health care organizations.

 

FINA5323 – INVESTMENTS

3 Lecture Hours  ·  0 Lab Hours

Application of principles and techniques of investment management in solving investment problems of individuals and financial institutions. Considers apportionment of investment funds among alternatives, analysis of risk, valuation timing of security acquisitions. Prerequisite: FINA 5311

 

FINA5327 – FINANCIAL DERIVATIVES

3 Lecture Hours  ·  0 Lab Hours

Nature and functions of the various futures and options markets; hedging for risk reduction, speculative trading for profit; the role of futures and options in overall portfolio strategy, along with fundamental concepts such as basis, spreading, normal and inverted markets and money management. Prerequisite: FINA 5311 and 5323.

 

FINA5329 – PORTFOLIO AND SECURITY ANALYSIS

3 Lecture Hours  ·  0 Lab Hours

The use of economic and accounting data in the selection of securities. Examination of current and traditional techniques used by investment practitioners. Prerequisite: FINA 5311 and 5323.

 

FINA5330 – REAL OPTIONS

3 Lecture Hours  ·  0 Lab Hours

Option approaches to evaluating firm capital budgeting decisions. Techniques for making investment decisions involving physical assets of nonfinancial firms. Prerequisite: FINA 5311.

 

FINA5331 – INTERNATIONAL FINANCE

3 Lecture Hours  ·  0 Lab Hours

Examines ways in which financial decision-making processes are altered by operation in a multinational environment. Includes the effects of devaluation expectations, foreign exchange and investment controls. Also, case study materials related to actual decisions by multinational firms. Prerequisite: FINA 5311.

 

FINA5334 – FINANCIAL INSTITUTIONS AND MARKETS

3 Lecture Hours  ·  0 Lab Hours

An examination of major financial institutions and markets with emphasis on trends affecting the current operations, competitive position, and overall future of the primary financial intermediaries and the financial markets. Prerequisite: FINA 5311.

 

FINA5340 – FINANCIAL APPLICATIONS

3 Lecture Hours  ·  0 Lab Hours

Analysis of financial problems of business concerns, presented in case materials. Considers determination of capital needs, choosing among alternative capital investments, planning methods of financing new capital expenditures, and planning recapitalizations, mergers, and reorganizations. Prerequisite: FINA 5311.

 

FINA5350 – MATHEMATICAL FINANCE

3 Lecture Hours  ·  0 Lab Hours

Intensive review of the mathematics necessary for graduate work in finance, with application to selected areas of business finance, investment analysis and financial markets. Prerequisite: FINA 5311.

 

FINA5351 – SEMINAR IN FINANCIAL MODELING

3 Lecture Hours  ·  0 Lab Hours

Study of common financial modeling techniques are explored in this course. The primary focus is on portfolio optimization models and models used for pricing and analyzing derivative stock options, although most of these techniques have other applications. Students are provided with the opportunity to develop the skills needed to build financial models of their own. Prerequisite: FINA 5311.

 

FINA5382 – INDEPENDENT STUDIES IN FINANCE

3 Lecture Hours  ·  0 Lab Hours

Extensive analysis of a finance topic. Prerequisite: departmental permission.

 

FINA5392 – SELECTED TOPICS IN FINANCE

3 Lecture Hours  ·  0 Lab Hours

In depth study of selected topics in finance. May be repeated when topics vary. Prerequisite: departmental permission.

 

FINA5398 – THESIS

3 Lecture Hours  ·  0 Lab Hours

Thesis. 5398 graded R (Research) or F only. Prerequisite: STAT 5325 and approval of Graduate Advisor.

 

FINA5399 – GRADUATE FINANCE INTERNSHIP

3 Lecture Hours  ·  0 Lab Hours

Practical training in finance. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester hours completed.

 

FINA5698 – THESIS

6 Lecture Hours  ·  0 Lab Hours

Thesis. Prerequisite: STAT 5325 and approval of Graduate Advisor.

 

FINA6192 – RESEARCH IN FINANCE

1 Lecture Hour  ·  0 Lab Hours

Independent study of advanced topics in finance under the direction of graduate faculty. May be repeated for credit when topics vary. Prerequisite: FINA 5311.

 

FINA6292 – RESEARCH IN FINANCE

2 Lecture Hours  ·  0 Lab Hours

Independent study of advanced topics in finance under the direction of graduate faculty. May be repeated for credit when topics vary. Prerequisite: FINA 5311.

 

FINA6301 – SEMINAR IN THE THEORY OF FINANCE

3 Lecture Hours  ·  0 Lab Hours

Development of the fundamental theories of modern finance from their microeconomic origins. Topics include: investment under uncertainty, asset pricing models, market equilibrium, market efficiency, and expected utility theory. Prerequisite: FINA 5311.

 

FINA6311 – SEMINAR IN THE THEORY OF CORPORATE FINANCE

3 Lecture Hours  ·  0 Lab Hours

Advanced theory of corporate finance. Capital budgeting, dividend policy, and capital structure. Prerequisite: FINA 5311

 

FINA6312 – SEMINAR IN THE THEORY OF INVESTMENTS

3 Lecture Hours  ·  0 Lab Hours

Advanced theory of investments. Modern portfolio theory and the efficiency of capital markets. Prerequisite: FINA 5311.

 

FINA6313 – ADVANCED RESEARCH IN FINANCE

3 Lecture Hours  ·  0 Lab Hours

Analytical methods commonly applied in the academic finance literature. Topics such as factor analysis in arbitrage pricing models and techniques for identification of nonstationarities in risk. Prerequisite: FINA 5311 and STAT 5301.

 

FINA6314 – ADVANCED RESEARCH IN FINANCE II

3 Lecture Hours  ·  0 Lab Hours

Specialized and evolving techniques in financial research; topics such as identification of efficient markets, linear programming in capital budgeting, and multiple discriminant analysis in bankruptcy prediction and bond rating models. Prerequisite: FINA 5311 and STAT 5301.

 

FINA6390 – SEMINAR IN SPECIAL TOPICS IN FINANCE

3 Lecture Hours  ·  0 Lab Hours

Doctoral level coverage of advanced topics in finance. May be repeated for credit when topics vary. Prerequisite: FINA 5311.

 

FINA6392 – RESEARCH IN FINANCE

3 Lecture Hours  ·  0 Lab Hours

Independent study of advanced topics in finance under the direction of graduate faculty. May be repeated for credit when topics vary. Prerequisite: FINA 5311.

 

Courses (REAE)

REAE5182 – INDEPENDENT STUDIES IN REAL ESTATE

1 Lecture Hour  ·  0 Lab Hours

Extensive analysis of a real estate topic. Prerequisite: departmental permission.

 

REAE5199 – GRAD REAL ESTATE INTERNSHIP

1 Lecture Hour  ·  0 Lab Hours

Practical training in real estate. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester house completed.

 

REAE5299 – GRAD REAL ESTATE INTERNSHIP

2 Lecture Hours  ·  0 Lab Hours

Practical training in real estate. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester house completed.

 

REAE5301 – SUSTAINABLE ISSUES IN THE BUILT ENVIRONMENT

3 Lecture Hours  ·  0 Lab Hours

A survey-based course that analyzes current and historical sustainability issues. The global and political nature of this evolving discipline is emphasized. Additionally, a macro view of the components currently embodied in the practice of sustainability will be examined and discussed.

 

REAE5302 – SUSTAINABLE STRATEGIES IN THE BUILT ENVIRONMENT

3 Lecture Hours  ·  0 Lab Hours

Business strategies that emphasize quantitative methods, asset allocation, socially responsible investing, and evaluation research.

 

REAE5303 – SUSTAINABLE POLICIES IN THE BUILT ENVIRONMENT

3 Lecture Hours  ·  0 Lab Hours

Governmental, regulatory, internal reporting, and policy development related to sustainability. Grant writing will also be explored.

 

REAE5304 – SUSTAINABLE PROJECTS IN THE BUILT ENVIRONMENT

3 Lecture Hours  ·  0 Lab Hours

A field-based study of buildings, developments, organizations, and companies that exemplify sustainable practices. Course will include elements of social networking and communication strategies.

 

REAE5311 – REAL ESTATE ANALYSIS

3 Lecture Hours  ·  0 Lab Hours

Survey of real estate investment, appraisal and valuation, finance, market analysis, and other phases of the real estate development/management process.

 

REAE5312 – INTERNATIONAL PROPERTY MARKETS

3 Lecture Hours  ·  0 Lab Hours

Property markets are characterized by significant institutional differences that affect the nature and performance of national markets. Analysis of socio-economic and cultural factors influencing the operation of international markets.

 

REAE5313 – GIS & PROPERTY ANALYSIS

3 Lecture Hours  ·  0 Lab Hours

The increasing availability of geographically referenced property data offers significant potential for real estate research and modeling. Covers fundamentals of Geographic Information Systems (GIS) (Concepts, principles, and functions) and essential skills for applying GIS to real estate industry problems.

 

REAE5314 – SEMINAR IN REAL ESTATE DEVELOPMENT

3 Lecture Hours  ·  0 Lab Hours

Topics relating to site selection, design, market analysis, financial feasibility, and management in the real estate development process. Prerequisite: FINA 5311 or REAE 5311.

 

REAE5315 – REAL ESTATE TRENDS & ISSUES

3 Lecture Hours  ·  0 Lab Hours

Analysis of specialized topics associated with emerging trends and issues in the real estate industry using current literature and case studies.

 

REAE5316 – ADAPTIVE REUSE & REDEVELOPMENT OF COMMERCIAL INVESTMENT REAL ESTATE

3 Lecture Hours  ·  0 Lab Hours

The tools and techniques associated with the market and financial feasibility analysis of adaptively reusing and redeveloping existing properties into economically viable commercial investment real estate.

 

REAE5317 – REAL ESTATE CONSTRUCTION MANAGEMENT

3 Lecture Hours  ·  0 Lab Hours

Topics relating to construction management for commercial investment real estate.

 

REAE5318 – SUSTAINABLE DEVELOPMENT

3 Lecture Hours  ·  0 Lab Hours

Sustainability perspectives about values, rights, property and what constitutes an optimum human environment; sustainability principles and case studies emphasizing on-the-ground, incentive-based commercial investment real estate development that balances economic growth with environmental quality. Projects will include those in urban areas as well as those in rural areas focusing on agricultural elements.

 

REAE5319 – SEMINAR IN REAL ESTATE FINANCE

3 Lecture Hours  ·  0 Lab Hours

Study of real property financing methods; analysis of cost of borrowing, sources of funds, and mortgage terms; emphasis on construction and permanent financing of commercial and industrial properties. Prerequisite: FINA 5311 or REAE 5311.

 

REAE5320 – TEXAS REAL ESTATE STUDY TOUR

3 Lecture Hours  ·  0 Lab Hours

A field-based study of Texas real estate markets, focusing on projects in Austin, San Antonio, Houston, and Dallas-Fort Worth.

 

REAE5321 – SEMINAR IN REAL ESTATE INVESTMENT

3 Lecture Hours  ·  0 Lab Hours

Introduction to analytical techniques, sources of financing, and other factors related to real estate investment. Stresses current developments and topics. Prerequisite: FINA 5311 or REAE 5311.

 

REAE5322 – COMMERCIAL LEASE ANALYSIS

3 Lecture Hours  ·  0 Lab Hours

Application of critical occupancy decisions such as comparative lease analysis, lease vs. purchase analysis, lease buyout analysis, and sale-leaseback analysis to optimize user space decisions.

 

REAE5323 – REAL ESTATE PROJECT STUDIO

3 Lecture Hours  ·  0 Lab Hours

Studio based course focused on a commercial real estate project.

 

REAE5327 – ADVANCED REAL ESTATE MARKET ANALYSIS

3 Lecture Hours  ·  0 Lab Hours

Study of advanced market analysis techniques and methods, including trend analysis and demand forecasting. Emphasis is on the application of these methods to commercial property markets.

 

REAE5334 – SEMINAR IN REAL ESTATE APPRAISAL

3 Lecture Hours  ·  0 Lab Hours

Market, cost, and income approaches with stress on income forecasting and capitalization. Prerequisite: FINA 5311 or REAE 5311.

 

REAE5337 – REAL PROPERTY LAW

3 Lecture Hours  ·  0 Lab Hours

Legal property theory underlying real estate transactions and relationships including estates and interests in land, conveyances, and mortgages.

 

REAE5350 – QUANTITATIVE METHODS FOR REAL ESTATE

3 Lecture Hours  ·  0 Lab Hours

Study of advanced statistical, modeling, and econometric techniques as applied to real estate markets. Emphasis on the integration of these techniques with traditional real estate analysis.

 

REAE5382 – INDEPENDENT STUDIES IN REAL ESTATE

3 Lecture Hours  ·  0 Lab Hours

Extensive analysis of a real estate topic. Prerequisite: departmental permission.

 

REAE5392 – SELECTED TOPICS IN REAL ESTATE

3 Lecture Hours  ·  0 Lab Hours

In-depth study of selected topics in real estate. May be repeated when topics vary. Prerequisite: REAE 5311.

 

REAE5398 – THESIS

3 Lecture Hours  ·  0 Lab Hours

Prerequisite: departmental permission.

 

REAE5399 – GRAD REAL ESTATE INTERNSHIP

3 Lecture Hours  ·  0 Lab Hours

Practical training in real estate. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester house completed.

 

REAE5698 – THESIS

6 Lecture Hours  ·  0 Lab Hours

Prerequisite: departmental permission.

 

REAE6390 – SEMINAR IN SPECIAL TOPICS IN REAL ESTATE

3 Lecture Hours  ·  0 Lab Hours

Doctoral level coverage of advanced topics in real estate. May be repeated for credit when topics vary. Prerequisite: REAE 5311.

 

REAE6392 – RESEARCH IN REAL ESTATE

3 Lecture Hours  ·  0 Lab Hours

Independent study of advanced topics in real estate under the direction of graduate faculty. May be repeated for credit when topics vary. Prerequisite: REAE 5311.

 

Courses (BLAW)

BLAW5330 – LEGAL ENVIRONMENT OF BUSINESS

3 Lecture Hours  ·  0 Lab Hours

Study, in a conceptual framework, of the ideas and social and political forces that have led to changes in the business legal environment and legal institutions including current and historical developments affecting the business corporation. Legal framework and ethical problems of managers in serving diverse interests studied in connection with modern social legislation affecting business.

 

BLAW5331 – LAW OF INTERNATIONAL BUSINESS

3 Lecture Hours  ·  0 Lab Hours

General principles of law applicable to international business including case law, statutory law, treaties, administrative law, and international agreements.