Real Estate Finance Concentration

Students in this concentration receive training in urban land markets, real estate investment and finance, and urban development to accompany their general MBA education. Upon completion of this concentration, graduates are ready to assume responsible positions in areas such as development, real estate lending, real estate consulting, institutional real estate investment, and corporate asset management.

Students interested in real estate finance should enroll in RE 386.2, Real Estate Investment Decisions, during the spring semester of their first year in the MBA program. This course prepares students for a summer internship with a real estate company during the summer between their first and second year in the MBA program. RE 386.2 would be the third elective available in the second semester and would be taken simultaneously with FIN 394.1 and FIN 397.1.

The real estate concentration is supported by a center in the Department of Finance, the Real Estate Finance and Investment Center. With the support of individuals and firms from the real estate and financial services industry, this center serves as the focal point for the development of the curriculum and research in the real estate finance field. For more information about REFIC and the real estate concentration, see the center's web site at http://refic.mccombs.utexas.edu.

Curriculum Requirements
FIN 286 - Valuation (flexible-core)
FIN 394.1 - Advanced Topics in Corporate Finance
FIN 397.1 - Investment Theory & Practice
Notes: Students must complete the above curriculum during their first year in the MBA program. Most remaining Finance electives have these three courses as pre-requisites.

Real Estate
RE 386.2 - Real Estate Investment Decisions - Spring I

Any two (2) courses chosen from the list below:
RE 386.7 - Real Estate Decision Making – Fall II only
RE 386.3 - Real Estate Analysis – Practicum – Fall II only
RE 388 - Seminar in Real Estate Finance – Spring II only
FIN 397.6 - Special Topics in Investment – REIT

Accounting - Choose either:
ACC 380D - Advanced Topics in Financial Reporting (recommended)
or ACC 380K.7 - Financial Statement Analysis

Total credit hours: 20

Recommended MBA Electives
FIN 394.5 - Fixed Income Analysis
LEB 380 - Law of Commercial Real Estate Finance and Development

Recommended Community & Regional Planning Electives
CRP 389C - Planning for Land Development
CRP 385C - Sustainable Urban Economic Development Planning
CRP 385C - Urban Design Theory and Practice
CRP 386 - Urban Land Institute Workshop