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Real Estate Finance and Investments
Ithaca Career Track Advisor
Professor Jan de Roos
Singapore Career Track Advisor
Professor Russell Smith
This career track is designed to prepare students for careers in Real Estate Finance and Investment (REFI). Real estate, and specifically hospitality real estate, is a dynamic part of the hospitality industry. Property transaction and mortgage loan structures are increasingly complex, requiring significant knowledge of how the real estate industry evaluates and underwrites hospitality assets. Both the U.S. and international capital markets are undergoing fundamental changes, as is the nature of real estate ownership. The ownership of hotels and restaurants is increasingly in the hands of institutional owners and real estate funds who understand and appreciate the unique nature of the assets. 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 management, transaction analyst, financial analyst, business development professional, feasibility and appraisal specialist, loan origination and underwriting officer,
or perhaps developing and owning hotels on your own.
Courses
Students must complete 12 credits for this 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.
Be sure to check the Course and Time Roster each semester to determine that approved AEM, CRP or NBA courses listed will be offered. Only Hotel courses are able to be confirmed.
Note: Any deviations from this career track must be approved by the Career Track Advisor.
Required (totaling 6 credits)
- HADM 6620 - Principles of Real Estate (offered fall or spring)
- HADM 6621 - Hospitality Real Estate Finance (offered fall only)
Real Estate Enrichment (totaling a minimum of 3 credits)
- HADM 4487 - Real Estate Law (offered fall or spring)
- HADM 6622 - Hospitality Asset Management (offered fall or spring)
- HADM 6625 - Securitization and Structured Financial Products (offered fall or spring)
- HADM 6628 - Real Estate Finance and Investments (offered spring only)
- CRP 5320 – Real Estate Development Process
- CRP 6570 – Real Estate Law
- HADM 6667 - Investment in RE Securities & Funds (offered fall or spring)
Complementary Skills (totaling a minimum of 3 credits)
- AEM 4110– Introduction to Econometrics
- HADM 3351 - Hospitality Facilities Design (offered fall only)
- HADM 4422 - Taxation and Management Decisions (offered fall only)
- HADM 4444 - Introduction to Hospitality Entrepreneurship (offered fall or spring)
- HADM 4445 - Getting Your Business Plan Ready for Investors (offered fall or spring)
- HADM 4452 - Sustainable Development and the Global Hospitality Industry (offered fall only)
- HADM 5502 - Hospitality Quantitative Analysis II (offered spring only)
- HADM 6602 - Spa and Spa Hotel and Resort Development and Management (offered fall or spring)
- HADM 6611 - Negotiations in the Hospitality Industry (offered spring only) -or- NBA 6660 - Negotiations -or- ILROB 5790 - Negotiation and Conflict Resolution
- HADM 6624 - Reporting and Analysis of Financial Statements (offered fall only) -or- NBA 5060 – Financial Statement Analysis
- HADM 6640 - Franchising in the Hospitality Industry (offered spring only)
- HADM 6626 - Advanced Corporate Finance (offered spring only)
- HADM 6629 - Investment Analysis and Portfolio Management (offered fall only)
- HADM 6677 - Advanced Business Modeling (offered spring only)
- HADM 6690 - Sustainable Global Enterprise in Hospitality (offered fall only)
- NBA 5420 – Investment and Portfolio Management
- NBA 6030 - Global Sustainable Enterprise
- NBA 6560 - Valuations Principles
- NBA 6660 - Negotiations
- NBA 6730 – Introduction to Derivatives, Part I
Singapore Campus Courses
Students will work with the CNI Career Track Advisors create 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 externship's, 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..
