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UW Bothell Course Descriptions UW Tacoma Course Descriptions  | Glossary

COLLEGE OF BUILT ENVIRONMENTS
REAL ESTATE

Detailed course offerings (Time Schedule) are available for

R E 250 Introduction to Real Estate (3)
Introduction to the real estate profession focusing on the participants and processes as well as real estate decision making by buyers and sellers. Offered: AWSpS.

R E 361 Property Transactions (3) SSc
Introduction to real estate transactions, standard contractual documents, the role of title insurance, and the closing process. Prerequisite: R E 250. Offered: AWSpS.

R E 363 Real Estate Development Process (3) SSc
Real estate development sits at the heart of the built environment, interacting with urban planners, landscape architects, architects, financiers, construction managers and end users. An understanding of the key decision making that underpins development is a vital part in understanding what is developed, where and when. Prerequisite: R E 250.

R E 397 Introduction to Real Estate Data Modeling (5) RSN
Provides an introduction to the main data sources and analytical methods used in real estate. Covers descriptive and multivariate methods that help students organize, consolidate, analyze, and understand data used in the finance and social sciences fields more broadly. Prerequisite: R E 250.

R E 400 Accounting for Real Estate (3)
Basics of real estate taxation, accounting, and profitability measures. Prerequisite: R E 250; recommended: coursework in managerial accounting and financial reporting. Offered: AW.

R E 408 Financial Modeling for Real Estate I (3) RSN
Introduces students to commercial real estate modeling, using Excel. Helps students gain mastery and confidence in setting up and using pro-formas and models to analyze real estate investment, asset management, and development. Prerequisite: R E 250.

R E 409 Financial Modeling for Real Estate II (2) RSN
Introduces students to commercial real estate modeling, using advanced and sophisticated software utilized by real estate professionals. Helps students gain mastery and confidence in setting up and using pro-formas and models to analyze real estate investment, asset management, and development. Prerequisite: R E 408.

R E 411 Real Estate Valuation and Appraisal (3) SSc
Every property is unique, therefore the appraisal of real estate presents many challenges and has a strong influence on the financial viability of both existing buildings and the development process. General models for valuing commercial property, industrial property, and land will be introduced. The role of appraisals and different concepts of value will be examined. Prerequisite: R E 250. Offered: ASp.

R E 413 Real Estate Finance and Investment (4) RSN
Introductory class to real estate finance. Considers the financing of developments, investment in commercial properties as well as the residential mortgage market. Considers how real estate differs from other assets and how to analyze the attractiveness of investment opportunities. Prerequisite: R E 250. Offered: AWSp.

R E 415 Real Estate Law (3) SSc
Provides overview of legal frameworks applicable to the real estate industry with specific focus on three principal types of real estate transactions: (1) buying and selling real estate; (2) commercial leases; and (3) financing secured by real estate. Includes discussion of governmental regulation of real estate (land use controls, environmental concerns, and housing regulation). Prerequisite: R E 250; recommended: R E 361.

R E 416 Real Estate Economics and Market Analysis (4)
Introduces students to basic elements of real estate markets studies for different uses. Includes basic steps regardless of real estate use, followed by analysis of data sources, public policy issues affecting cities and their economy, and resources available to analyze different market patterns. Prerequisite: R E 250. Offered: AWSp.

R E 418 Best Practices in Sustainable Real Estate (3) NSc
Analyzes, at a macro-level, the importance of sustainability in urban areas. Introduces best practices for various environmentally friendly and financially feasible interventions in the U.S. and abroad. At a micro-level focuses on adoption of environmentally friendly improvements at building level with various pay-back periods but long-lasting economic benefits. Prerequisite: R E 250.

R E 431 Real Estate Portfolio Management (4) RSN
Focuses on the development and implementation of active and passive portfolio management strategies for institutional quality real estate investment portfolios. Modern portfolio theory and other tools are used to establish real estate allocation in a mixed-asset context; and to manage real estate portfolios among investment and financial structures spanning private/public, equity/debt, property type and geographic/economic regions. Prerequisite: R E 250 and R E 413. Offered: Sp.

R E 459 Risk and Reward in Sustainable Development (3) SSc
Focuses on the intersection of green, high performing buildings and the law. Students learn to identify and understand the risks and challenges presented by high performing buildings, and analyze frameworks and strategies to manage and overcome these challenges. Prerequisite: R E 250. Offered: Sp.

R E 462 Residential Real Estate Data Analytics (5) SSc, RSN
Examines residential real estate data used by industry professionals for informed decision making. Prerequisite: R E 250. Offered: WSp.

R E 463 Housing Markets and Policy (3/5, max. 8) SSc, DIV
Provides students with the tools to understand housing markets, the policies in place to support housing production and remaining frictions. Emphasizes the link between housing finance systems and housing market outcomes with a focus on the U.S. mortgage system and products. Incorporates international components to analyze factors that underlay differences and similarities in housing markets in selected countries.

R E 464 Affordable Housing (4) SSc, DIV
Introduction to the field of affordable housing. Addresses issues inherent in planning, finance, design, construction, and management of affordable housing in the United States. Examines the role of federal, state, local, non-profit, and private sector agencies and participants. Prerequisite: R E 250. Offered: W.

R E 465 Advanced Housing Studies (4) SSc, DIV
Advanced survey of housing. Students select a housing-related topic that serves as the basis of a quarter-long project. Also, students read key texts and articles on a range of housing-related topics and participate in seminar discussions on these readings. Prerequisite: R E 250; R E 463; and R E 464; recommended: R E 462 or R E 497.

R E 475 International Real Estate Perspectives (2-5, max. 5) SSc
Exposes students to real estate topics from an international perspective. Provides students with the tools needed to assess complex real estate issues based on a country's specific situation in a comparative perspective. Emphasizes the link between real estate finance systems, policies, and real estate market outcomes in terms of sustainability and affordability.

R E 480 Professional Development Seminar (2, max. 4)
Prepares students to become real estate professionals by exposing them to a range of career options and accompanying them in developing their professional project as they apply for internships and jobs. Offered: AWSp.

R E 490 Independent Study (1-3, max. 3)
Arranged between the student and a real estate faculty member of their choosing with a mutually agreed real estate topic. Prerequisite: R E 250. Offered: AWSp.

R E 497 Real Estate Data Modeling (4) SSc
Covers a variety of different issues that arise when analyzing and modeling land, residential, and commercial real estate markets. Uses GIS and teaches students how to collect, clean, use, manage, and model a variety of data sets to make real-world decisions. Suitability and exploratory spatial data analyses will be covered in the course. Prerequisite: R E 250; R E 397; and R E 416. Offered: AWSp.

R E 498 Real Estate Special Topics (1-5, max. 12)
Systematic study of specialized subject matter. Topics vary depending on current interest and needs, and are announced in the preceding quarter.

R E 506 Quantitative Methods in Real Estate (4)
Provides an overview of different data collection methods, basic statistical techniques and their appropriate application based on the size and type of various real estate and socioeconomic dataset. Students determine the appropriate method based on specific objectives and critically assess their findings. No previous knowledge of statistics is required, and all applications will be on Excel and open source software. Offered: A.

R E 507 Accounting for Real Estate (3)
Basics of real estate taxation, accounting, and profitability measures. Offered: A.

R E 508 Financial Modeling for Real Estate I (3)
Introduces students to commercial real estate modeling, using Excel. Helps students gain mastery and confidence in setting up and using pro-formas and models to analyze real estate investment, asset management, and development. Offered: A.

R E 509 Financial Modeling for Real Estate II (2)
Introduces students to commercial real estate modeling, using advanced and sophisticated software utilized by real estate professionals. Helps students gain mastery and confidence in setting up and using pro-formas and models to analyze real estate investment, asset management, and development.

R E 510 Introduction to Real Estate (3)
Provides a basic overview of the participants, processes, workings of different components of the real estate industry (including a variety of uses spanning from residential, office, retail and industrial to specialized) as well as the quantitative components of the real estate decision-making. Additionally, students are introduced to an overview of construction management, sustainability, corporate services, property law and ethics. Offered: jointly with URBDP 552; AW.

R E 511 Real Estate Valuation and Appraisal (3)
Every property is unique, therefore the appraisal of real estate presents many challenges and has a strong influence on the financial viability of both existing buildings and the development process. General models for valuing commercial property, industrial property, and land will be introduced. The role of appraisals and different concepts of value will be examined. Offered: jointly with URBDP 555; A.

R E 512 Leadership in the Built Environment (3)
Focuses on leadership principles applicable to the real estate and the built environment and helps students conduct self-assessments to understand their strengths and ways they can apply them. Addresses both organizational leadership and leadership of construction processes. Offered: A.

R E 513 Real Estate Finance and Investment (4)
Introduces students to basic real estate finance and institutional analysis allowing them to quantify the financial implications of real estate decisions. Topics include: basic time value of money, financial leverage, discounted cash flow analysis (properties and institutional portfolios), assessment of various real estate investment classes and distribution of proceeds to investors. Prerequisite: R E 552/URBDP 552. Offered: jointly with URBDP 554; A.

R E 514 Negotiations and Conflict Resolution in the Built Environment (3)
Overview of negotiation theories, approaches and tactics. Application of deal making procedures for various aspects of real estate decision making processes and audiences (e.g. government, community groups, real estate organizations and partners). Analysis of conflict resolution techniques, mediation, arbitration, etc. Offered: W.

R E 515 Real Estate Law (3)
Provides overview of legal frameworks applicable to the real estate industry with specific focus on three principal types of real estate transactions: (1) buying and selling real estate; (2) commercial leases; and (3) financing secured by real estate. Includes discussion of governmental regulation of real estate (land use controls, environmental concerns, and housing regulation). Offered: jointly with URBDP 557; W.

R E 516 Real Estate Economics and Market Analysis (4)
Introduces students to real estate market studies for different uses. Covers five areas: basic economic concepts critical in the understanding of real estate markets; urban economy; land rent theory; locational analysis and decision making; and market analysis. Offered: jointly with URBDP 516.

R E 517 Real Estate Asset Management (3)
Focuses on the fundamentals and structure of asset management from a value improvement perspective. Students are educated on the proactive manner asset managers need to respond to changing tenant needs and competitive market condition, while focusing on the asset appreciation throughout the ownership cycle (acquisition, leasing and disposition). Offered: jointly with URBDP 551; Sp.

R E 518 Best Practices in Sustainable Real Estate (3)
Analyzes, at a macro-level, the importance of sustainability in urban areas. Introduces best practices for various environmentally friendly and financially feasible interventions in the U.S. and abroad. At a micro-level focuses on adoption of environmentally friendly improvements at building level with various pay-back periods but long-lasting economic benefits.

R E 519 Real Estate Data Analytics and Visualization (3)
Covers techniques for visualizing data, creating data structures, and implementing performance metrics. Provides an overview of ways datasets can be visualized across various software. Prerequisite: R E 506, URBDP 520, or a basic R software course. Offered: A.

R E 530 Corporate Real Estate and Facilities Management (4)
Emphasizes the understanding of ways real estate footprint can be a factor in attaining the vision/mission of a corporation. Analyzes principles of corporate real estate, key activities and internal relationships, customer motivation, drivers, client based strategic approaches as well as the industry evaluation process including reporting and client deliverables. Offered: A.

R E 531 Real Estate Portfolio Management (4)
Focuses on the development and implementation of active and passive portfolio management strategies for institutional quality real estate investment portfolios. Modern portfolio theory and other tools are used to establish real estate allocation in a mixed-asset context; and to manage real estate portfolios among investment and financial structures spanning private/public, equity/debt, property type and geographic/economic regions. Offered: A.

R E 532 Real Estate Project Management (3)
Focuses on the on real estate and construction project management. Topics include: types of project managers, sources of conflicts, organizational structures, delivery methods, construction scheduling, SWOT analysis, ways to mitigate threats to their project. Includes hands on exercises and an introduction of MS Project software. Offered: A.

R E 540 Advanced Real Estate Finance and Investments (4)
Covers both private and public forms of investment, along with debt and equity positions. Introduces students to real estate investments and the risk/reward trade-offs associated with various deal structures and relationships with financial institutions. Also covers real estate indices and tools to assess transaction risks. Offered: Sp.

R E 541 Real Estate Capital Markets (3)
Analyses capital flows (global and national) and emerging capital market trends that affect the industry. Pays special attention to securitized real estate, including Real Estate Investment Trusts, and Commercial Mortgage-Backed Securities. Offered: jointly with URBDP 579; W.

R E 542 Private - Public Project Finance (3)
Explores creative ways of project financing through public and private partnerships in the form of incentives (e.g. TIF, LIHTC, Brownfield development incentives, etc.) currently offered by different government levels throughout the USA. Prepares to identify the incentives for a project and structure a deal package based on a project's parameters. Offered: A.

R E 550 Real Estate Development (4)
Introduction and survey of processes and people involved in developing real estate, including issues of site control, public/private approvals, feasibility analysis, project financing, design/construction, marketing, and asset management. Prerequisite: R E 552/URBDP 552. Offered: jointly with URBDP 578.

R E 551 Real Estate Development Studio ([2-5]-, max. 5)
The Real Estate Development studio is a required for the MSRE option in RE Development. The focus of the course has been traditionally on competitions. The course will continue to focus in commercial real estate competitions (NAIOP) and projects in the autumn quarter, however a focus on affordable housing will be the emphasis while pursuing the Bank of America's affordable Housing Challenge in the winter and spring quarter. Offered: jointly with URBDP 513; AWSp.

R E 552 Real Estate Careers and Professional Development (3)
Prepares students for future careers in real estate. Helps students understand their core competencies, areas of real estate they could utilize them, and how to prepare and present themselves to future employers. Students practice effective communication tools to apply in real estate companies of various scales, and professional and cultural backgrounds. Offered: W.

R E 553 Urban Land Economics (4)
Introduces urban economics, land markets, and locational decision making; and examines urban spatial structure and the economic, political, social, technological, and historical forces that shape land values and uses. Uses applied spatial analytical tools including geographic information systems and geogemographic software. Offered: jointly with URBDP 553; A.

R E 556 Real Estate Investment (4)
Focuses on direct real estate investment based on the productive capacity of the total property, debt, and equity components and their impact on the cash returns in the form of positive returns to the property, tax savings potential, alternative leverage effects, and the gains at sale. Offered: jointly with URBDP 556; W.

R E 558 Real Estate Market Analysis (4)
Prepares students to conduct and interpret market studies to cover a range of real estate decisions. Exposes students to the market analysis process and various tools and techniques that can be used to analyze and forecast supply, demand, and rental rates. Offered: jointly with URBDP 558; W.

R E 559 Risk and Reward in Sustainable Development (3)
Focuses on the intersection of green, high performing buildings and the law. Students learn to identify and understand the risks and challenges presented by high performing buildings, and analyze frameworks and strategies to manage and overcome these challenges. Offered: jointly with LAW E 534; Sp.

R E 560 Real Estate Feasibility (4)
Applies critical thinking needed to understand the drivers of value of the major property types which covers the "user in search of a site" and "investor in search of involvement' feasibility questions. Applies a combination of qualitative and quantitative analysis to target markets. Offered: jointly with URBDP 568; Sp.

R E 562 Residential Real Estate Data Analytics (5)
Examines residential real estate data used by industry professionals for informed decision making. Offered: WSp.

R E 563 Housing Markets and Policy (3/5, max. 8)
Provides students with the tools to understand housing markets, the policies in place to support housing production and remaining frictions. Emphasizes the link between housing finance systems and housing market outcomes with a focus on the U.S. mortgage system and products. Incorporates international components to analyze factors that underlay differences and similarities in housing markets in selected countries.

R E 564 Affordable Housing (4)
Introduction to the field of affordable housing. Addresses issues inherent in planning, finance, design, construction, and management of affordable housing in the United States. Examines the role of federal, state, local, non-profit, and private sector agencies and participants. Offered: W.

R E 565 Advanced Housing Studies (4)
Advanced survey of housing. Students select a housing-related topic that serves as the basis of a quarter-long project. Also, students read key texts and articles on a range of housing-related topics and participate in seminar discussions on these readings. Recommended: R E 562; R E 563; and R E 564.

R E 566 Real Estate Market Evolution and Disruption (3)
Provides an overview of how the use of technology in real estate is disrupting the traditional way of doing business. Students explore how property technology, from Artificial Intelligence (AI) to the Internet of Things (IoT), are affecting real estate. Also covers how real estate decision making is changing based on the shared economy, financial technology, blockchain and real estate asset tokenization. Offered: A.

R E 569 Real Estate Portfolio Management (5)
Students develop formal portfolio management strategies that draw on their in-depth understanding of real estate fundamentals, strategic planning and portfolio theory. Working in teams, students prepare cutting-edge portfolio strategies including the policies and procedures for implementation and portfolio management. Offered: jointly with URBDP 559; Sp.

R E 570 Real Estate Project Finance (3)
Introduces financing real property projects developed by public, community, and private entities with a primary emphasis on interim (acquisition/development/construction) and take-out lending for new real estate projects. Offered: jointly with URBDP 577; Sp.

R E 575 International Real Estate Perspectives (2-5, max. 5)
Exposes students to real estate topics from an international perspective. Provides students with the tools needed to assess complex real estate issues based on a country's specific situation in a comparative perspective. Emphasizes the link between real estate finance systems, policies, and real estate market outcomes.

R E 590 Real Estate Forum I (1)
Provides an opportunity for students to learn about the interdisciplinary nature of real estate from industry leaders. Discusses current issues and opportunities in the industry as well as what it takes to develop a sustainable career path. Offered: jointly with URBDP 590; A.

R E 597 Real Estate Data Modeling (4)
Covers a variety of different issues that arise when analyzing and modeling land, residential, and commercial real estate markets. Uses GIS and teaches students how to collect, clean, use, manage, and model a variety of data sets to make real-world decisions. Suitability and exploratory spatial data analyses will be covered in the course. Offered: AWSp.

R E 598 Real Estate Special Topics (1-4, max. 12)
Systematic study of specialized subject matter. Prerequisite: permission of instructor. Offered: AWSpS.

R E 600 Independent Study or Research (1-3, max. 3)
Arranged between the student and a real estate faculty member of their choosing with a mutually agreed real estate topic. Offered: AWSp.