Real Estate Graduate Education

Individuals wishing to pursue a graduate education in real estate have a number of options which include the MBA, the Master of Science in Business Administration, and dual degrees with the USC Schools of Law and Policy, Planning and Development.

Graduate Real Estate Courses

FBE 589

Mortgage-backed Securities and Markets
Lectures, assignments and a project.

Emphasizes residential and commercial mortgages, mortgage-backed securities and markets.  Primary focus on secondary market activity including CMBSs and conduits. Includes analysis of international developments in secondary market activity.

FBE 591

Real Estate Finance and Investment
Cases and lectures, assignments and exams.

Emphasizes valuation, projections, measurement of performance, financing, investment analysis, REITs. Requires the use of ARGUS 7.0, a real estate investment software package used throughout the industry. FBE 589 is not a prerequisite!

FBE 570

Advanced Topics in Real Estate Finance
Cases, case assignments and final project

Allows in depth analysis of various current topic areas in real estate finance including portfolio analysis, REITs, workouts, international issues. In general, these are topics which the structure of FBE 589 and 591 does not permit adequate exposure.

FBE 565

Urban Land Use: Feasibility Studies
Team project (Field study team analysis of prospective development site)

Students, in teams, consult to a client regarding the highest and best use development of a site. Requires the team to address issues of site planning, design, cost estimation, entity choice, deal structure, land use, financing, market and economic analysis, packaging and marketing as well as communication (oral and written). Teams are encouraged to interact with industry professionals in developing their proposals. This class assumes strong background or completion of other real estate classes. Should not be taken first.

FBE 588

Advanced Real Estate Law (Land Use and Real Estate Transactions)
Lectures, Guest speakers (Case analyses)

This class provides an overview of legal issues in real estate for MBAs. Topics include entitlement, purchase and sale agreements, leasing agreements, contracts, and hazardous waste issues. Instructor is a practicing real estate attorney.

Further Suggested Electives for MBAs in Real Estate

Within the MBA program, students may choose courses in corporate finance, investments, financial institutions and capital markets, international finance, marketing, accounting, management or other alternatives depending on the individual student's strengths, weaknesses, interests and career aspirations.

Three electives (9 units) outside the Graduate School of Business Administration are permitted. For students interested in a diversified background, courses may be taken in the School of Policy Planning and Development (Master of Planning, Master of Real Estate Development), or in the School of Architecture, Law, or the Department of Civil Engineering.