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Real Estate Finance and Investments
Ithaca Career Track Advisor
Professor Jan de Roos
Singapore Career Track Advisor
Dean Judy Siguaw
This career track is designed to prepare students for careers in Real Estate Finance and Investment (REFI). Real estate, and specifically hotel real estate, is a rapidly expanding industry. Current property transaction and mortgage loan volumes are at very high levels. Both the U.S. and international capital markets are undergoing fundamental changes, as is the nature of real estate ownership. The Hotel School is at the forefront of knowledge in this field and will help prepare students for a rewarding career.
The REFI career track consists of three components: courses, connections, and career. All are designed to help students obtain the necessary knowledge, skills, and contacts needed for real estate related employment. Some examples of employment opportunities are: asset manager with a hotel REIT or real estate fund; financial analyst (associate) with a Wall Street firm; appraisal/valuation specialist with a C\consulting firm; loan origination and underwriting officer with an investment bank or pension fund advisor; or perhaps developing and owning hotels on your own.
Courses for Ithaca Campus Students: Students must complete 12 credits for the career track; they must enroll in the two required courses, and choose an additional 3 credits from the Real Estate Enrichment set, and 3 credits from the Complementary Skills set.
Note: Any deviations from this career track must be approved by the Career Track Advisor.
Required (totaling 6 credits)
Ithaca Campus
Real Estate Enrichment (totaling a minimum of 3 credits)
Ithaca Campus
- H ADM 4487 – Real Estate Law (3 cr.)
- H ADM 6622 – Hospitality Asset Management (2 cr.)
- H ADM 6625 – Securitization and Structured Financial Products (3 cr.)
- H ADM 6628 – Real Estate Finance and Investments (3 cr.)
- CRP 5320 – Real Estate Development Process (3 cr.)
- CRP 6570 – Real Estate Law (3 cr.)
- NBA 690 - Projects in Sustainability (2 cr.)
Complementary Skills (totaling a minimum of 3 credits)
Ithaca Campus
- AEM 4110– Introduction to Econometrics (3 cr.)
- H ADM 4477 - Advanced Business Modeling (2 cr.)
- H ADM 6602 - Spa and Spa Hotel and Resort Development and Management (3 cr.)
- H ADM 6611 – Negotiations in the Hospitality Industry (3 cr.)
- H ADM 6624 – Reporting and Analysis of Financial Statements (3 cr.)
-or- NBA 5060 – Financial Statement Analysis (1.5 cr.) - H ADM 6629 – Investment Analysis and Portfolio Management (3 cr.)
- NBA 5420 – Investment and Portfolio Management (3 cr.)
- NBA 6030 - Global Sustainable Enterprise (1.5 cr.)
- NBA 6560 - Valuations Principles (1.5 cr.)
- NBA 6660 - Negotiations (3 cr.)
- NBA 6730 – Introduction to Derivatives, Part I (1.5 cr.)
Note: Courses with fewer than 3 credits must be combined to meet the elective requirements.
Other courses may be approved on an individual basis, based on the student's background and career aspirations. Requests for course approval should go to the Career Track Advisor, prior to taking the course.
Courses for Singapore Campus Students: Students will work with the CNI Career Track Advisor, Dean Judy Siguaw, to craft an appropriate course plan for this track.
Connections: The faculty, working with the Real Estate Career Track Advisory Board, will help facilitate student search for winter externships, industry networking, and the permanent job search. Other plans call for a hospitality finance and real estate roundtable with high-level executives to be held in conjunction with the Center for Hospitality Research once per year to help expose students and faculty members to various segments of the hospitality industry.
Career: All students will participate in the career-planning activities provided through the Career Services Office.