Urban and Regional Planning

Term: Winter 2024
Section: 1
Class Number: 20311
Credits: 3
Required: No
Elective: Yes

/ URP 610

Acquiring and Repositioning Real Estate

URP 610 will analyze the acquisition  and repositioning of real estate deals of all types from a financial, design and market study perspective. In the years ahead, rehabilitation and repositioning existing properties  (as opposed to ground up development) will be the future of real estate. One need not look far to find a troubled office building, tired enclosed mall, vacant big box retailer or old factory that is performing below optimum  levels. After a brief introduction/review of Costar, other market metrics  and basic financial guidelines used to evaluate transactions, we will do mock purchase/underwriting analysis on  what to look for when buying different property types. We will use live deals that have recently sold or are currently for sale.  Actual sellers and brokers will be consulted on these acquistions.

Numerous guest speakers from different real estate segments (affordable housing, industrial/flex buildings, retail, office, and other property types) will come in and talk about how they purchase and analyze potential projects. Transactions from different parts of the country will be reviewed so that different market perspectives can be covered. We will also visit a couple of properties for potential acquisition.


Wed 6:00-9:00pm 2108A&AB


Bill Bubniak