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Real Estate and Land Use

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(For more information, please consult the current University Catalog or contact the Degree Programs Center at 916/278-6771.)



B.S. Real Estate and Land Use Affairs Concentration 
(21 units)


Overview

        The Real Estate and Land Use Affairs area of concentration is intended for students preparing for careers within the real estate industry,
        such as governmental and private positions relating to planning, environmental regulation and finance; positions with lending institutions;    
        management positions in public and private corporations concerned with investment, site location or eminent domain; and positions
        related to the marketing or sales and brokerage of real estate. Completion of the courses required for this concentration may qualify
        students to take the California Department of Real Estate Broker's exam. In addition, this area will prepare the student for personal
        investment decision making.

(15) Required:

        (3) OBE 140    Real Estate Development

        (3) OBE 142    Real Estate Finance (OBE 19 or ACCY 161A or MGMT 133 or ENGR 140)

        (3) OBE 143    Real Estate Market and Feasibility Studies (OBE 19 or OBE 140 or ACCY 161A or MGMT 133 or ENGR 140)

        (3) OBE 145    The Land Use Regulatory Environment (OBE 140)

        (3) OBE 149    Current Topics in Real Estate and Land Use (Completion of 9 units of required real estate courses, including OBE 140)

 

(6) Six units from the following:

        (3) OBE 19                  Real Estate Principles

        (3) OBE 117                Business, Ethics and Society

        (3) OBE 141                Managerial Real estate Law

        (3) OBE 153                Management of Human Resources

        (3) OBE 155                Conflict Management and Negotiation

        (3) OBE 196                Experimental Offerings in Real Estate and Land Use Affairs

        (3) MGMT 136            Modern Portfolio Management

        (3) MGMT 137            Financial Institutions and Markets

        (3) MGMT 138            Principles of Risk Management and Insurance

        (3) MGMT 187            Entrepreneurship

        (3) MIS 125                 Microcomputers for Managers

        (1) CM 10                   The Construction Industry

        (3) CM 110                 Legal Aspects of Construction

        (3) CM 111                 Construction Labor Relations

        (3) ECN 180                Urban Economics

        (2) ENGR 140             Engineering Economics

        (3) ENVS 122             Environmental Impact Analysis: The Procedure and the Statement

        (3) GEOG 109             Geographic Information Systems

        (3) GEOG 141             Geography of Economic Activity

        (3) GEOG 147             Urban Geography

        (3) GEOG 181             Spatial Analysis

        (3) GEOG 193A          Field Geography: Urban Metropolitan

        (3) GOVT 180             California State and Local Government

        (3) GOVT 185             Problems of Urbanization


Real Estate and Land Use Affairs - Minor
(15 Units)

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Overview
The minor in Real Estate and Land Use Affairs is designed to provide students in other fields with the opportunity to broaden their undergraduate education and to acquire specialized skills useful in a wide range of job opportunities.

NOTE: At least 9 upper division units must be taken in residence.

(3) Required Courses:

(3)

OBE 019

Real Estate Principles

(9) Select three of the following:

(3)

OBE 141

Managerial Real Estate Law (OBE 019)

(3)

OBE 142

Real Estate Finance (OBE 019 or ACCY 161A or MGMT 133 )

(3)

OBE 143

Market Analysis & Feasibility Studies (OBE 019 or ACCY 161A or MGMT 133 )

(3)

OBE 145

The Land Use Regulatory & Entitlement
Process (OBE 019)

(3) One from the following:
 

 

Legal Aspects of Real Estate (offered at Community College)

 

 

Real Estate Appraisal (offered at Community College)

 

 

Real Estate Economics (offered at Community College)

 

 

Real Property Management (offered at Community College)

 (3)

OBE 117

Business, Ethics & Society (passing score on the WPE)

 (3)

OBE 141*

Managerial Real Estate Law (OBE 019)

 (3)

OBE 142*

Real Estate Finance (OBE 019 or ACCY 161A or MGMT 133 )

(3) 

OBE 143*

Market Analysis & Feasibility Studies (OBE 019 or ACCY 161A or MGMT 133 or ENGR 140)

 (3)

OBE 145*

The Land Use Regulatory and Entitlement Process (OBE 019)

 (3)

OBE 153

Management of Human Resources

 (3)

OBE 155

Conflict Management and Negotiation

 (3)

OBE 196

Experimental Offerings in Business Problems

 (3)

MGMT 138

Principles of Risk Management & Insurance

 (3)

MGMT 187

Entrepreneurship

 (3)

MIS 125

Microcomputers for Managers

 (1)

CM 010

The Construction Industry (1 unit)

 (2)

ENGR 140

Engineering Economics (ENGR 017, ENGR 030, or CSC 130)  (2 units)

*If not taken previously can be taken as an elective.


Undergraduate Real Estate Course

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19. Real Estate Principles
An examination of real estate principles and practices necessary for the acquisition, financing, management, and disposition of real estate. Incidents of ownership, the brokerage business, state regulation and transactional ethics are emphasized. Students concentrating in real estate and land use affairs are strongly advised to complete this course. Note: satisfactory completion of this course will entitle students to sit for the California salesperson license. 3 units.

140. Real Estate Development.
An introductory course to urban land development; including history of real estate development in the U.S., a survey of property markets, the development process, the role of the public sector, site selection, land purchasing procedures, market studies, financial analysis, project management, and techniques to control risks.  Prerequisite: Junior standing or permission of the instructor. 3 units.  

142. Real Estate Finance.
An examination of the mechanisms of real estate finance, sources of funds, loan contracts, principles of mortgage risk analysis, and the role of group equity investment. The evolution of secondary mortgage markets, government policy, and market interference will be investigated from a risk management standpoint. Prerequisite: OBE 19, MGMT 133. 3 units.  

143. Market Analysis and Feasibility Studies.
Analysis of non financial and financial factors influencing investment decision making in income producing property. Topics include: location and its linkages; methods of estimating demand for real estate; methods for evaluating competing supply; use of market analysis in decision making; development of cash flow statements, alternative investment criteria, risk, legal, financing, and tax analysis, operating, financing investment and reversion decisions. Prerequisite: OBE 019 or ACCY 161A, or MGMT 133 or ENGR 140. 3 units. 

145. The Land Use Regulatory and Entitlement Process
The course focuses upon the interface of the public and private sector California land development process; and , the influence of a polycentric governmental landscape upon land use regulatory and entitlement procedures. A proactive, opportunity-oriented problem prevention approach will be taken in addressing such topics as: general plan and zoning code development and administration, environmental review process, taxation impacts, public services and infrastructure, comparative analysis of urban form and growth management, role of the judiciary, neighborhood groups, and other participants in the land use decision-making process. Prerequisite: OBE 19 3 units.  

149. Current Topics in Real Estate and Land Use.
Examines contemporary and emerging issues in land use regulation, market analysis, mortgage markets, property markets, real estate cycles, real estate development, real estate finance and investments, real estate securities, real estate portfolio management, and/or real estate taxation. Prerequisite: Completion of at least two of the following courses OBE 142, OBE 143, and OBE 145. 3 units. 

194B. Cooperative Education Experiences in Real Estate and Land Use Affairs
In-depth supervised work experience in Real Estate and Land Use Affairs. This supervised work experience allows the student to become familiar with the practices of the real estate industry and/or governmental agencies. Open to all upper division students subject to permission of the Organizational Behavior and Environment Department. Prerequisites: OBE 19, 142, 145 and a minimum overall GPA of 2.5 Graded Credit/No Credit. 6-12 units.  

195B. Internship
Supervised work experience in business, governmental or service agencies for the purpose of increasing student understanding of the nature and scope of their operations. Supervision is provided by the faculty and the cooperating agencies. Open to all upper division students, subject to permission of instructor. Petitions can be obtained from BUS-1032. Note: open to declared business administration majors only. Prerequisite: minimum overall GPA of 2.5 required. Graded Credit/No Credit. 3-6 units, maximum of 3 units per semester. 195B. Internship in Real Estate and Land Use Affairs.  

196. Experimental Offerings in Business Problems
For advanced students who wish to investigate business problems in specialized areas. Application of research methods: selection and statement of a problem; collection and analysis of relevant data. Prerequisite: senior standing or permission of instructor.3 units.  

199B. Special Problems
Individual projects or directed reading for students qualified to carry on independent work. Admission requires approval of an instructor and the Department Chair. Petitions can be obtained from the Degree Programs Center, BUS-1030.1-3 units. 199B. Special Problems in Real Estate and Land Use Affairs
 

 

MBA – Urban Land Development Concentration
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Overview 

The Urban Land Development (ULD) program prepares MBA students for management and professional careers in urban land development and institutional real estate investing. The ULD curriculum emphasizes the application of analytical skills to practical decisions faced by professionals in today’s rapidly changing economic, environmental, institutional, regulatory, and social contexts.

A. Program Requirements (15 units):
ACCY 240 Management Accounting
MGMT 223 Marketing Management
MGMT 234 Financial Management
MIS 221  Management Information  Systems
OBE 252  Behavioral Science Applications in Management

 B. Concentration Requirements (9 units)

PPA 250 California Land Use Policy.
OBE 243 Real Estate Finance and Investment
OBE 248

Seminar in Urban Land Development (OBE 243, PPA 250 and advancement to candidacy)

C. Electives (6 units)

Two 200-level courses selected in consultation with the ULD Advisor.

D. Culminating Experience (1-3 units)

Select one of the following:

OBE 502B       Master Project (3 units; advancement to candidacy and MGMT 210)    .
 or
MGMT 290     Advanced Strategic Management (Program requirements)

 

MS – Urban Land Development
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Overview

The program brings together the private (decision-making) and public (policy) aspects of real estate development and should help students develop the skills needed to develop land in metropolitan areas. The program is interdisciplinary and covers all major aspects of the development process including design, feasibility analysis, land use regulation, market and location analysis, and negotiation. Thus, graduates from the program would bridge the gap between land use professional with training in fields such as city planning, government, and public policy and those trained in business administration. Graduates from this program should be able to understand the constraints and incentives faced by both the private and public sector when making land use recommendations and decisions.

The proposed program is the result of recommendations from alumni, land use professionals, conducting a review of the contents of some of the most successful graduate Real Estate programs in California and the East Coast, and extensive discussions among the RELUA faculty and with the Chair of the Department of Public Policy and Administration.

Degree Requirements

The MS in Urban Land Development requires 36 to 48 semester units of graduate study beyond the baccalaureate degree, depending upon the extent of the student's prior academic preparation. Because the foundation courses provide an academic background of knowledge necessary in the required and elective courses, students who have not completed the equivalent to the foundation courses will be admitted as Pre-ULD Masters. Students with the appropriate background could have the foundation courses waived.

Before enrolling in the Foundation courses, students must be proficient in mathematics (one semester of calculus), statistics (introductory course in probability and statistics), and computer usage. A student may gain the necessary proficiencies in many ways; no proficiency courses can count in the program requirements. 

A GPA of at least 3.0 ("B") is required in all foundation courses taken at CSUS, and program requirement courses presented for the degree.

Curriculum

Foundation

  1. ECON 204                              Business Economics or equivalent (ECON 1A/1B)
  2. MGMT 207                             Finance or equivalent (MGMT 133)
  3. MIS 206                                  Managerial Statistical Analysis or equivalent (MIS 101)
  4. OBE 140                                 Real Estate Development or equivalent

Required Courses (21 units)

  1. PPA 220 A                              Applied Economic Analysis I
  2. PPA 207                                  Quantitative Methods in Public Policy and Administration
  3. PPA 251 (ECON 251)            Urban Problems, Economics, & Public Policy
  4. OBE 255                                 Seminar in Negotiation
  5. PPA 250                                  California Land Use Policy
  6. OBE 243                                 Real Estate Finance and Investment
  7. OBE 248                                 Seminar in Real Estate Development

Elective Courses (12 units)

  1. ECON 241                              Applied Econometric Analysis
  2. ENVS 122                               Environmental Impact Analysis: The Procedure and the Statement
  1. ENVS 128                               Environment and the Law
  2. GEOG 109                              Geographic Information Systems
  3. MGMT 234                             Financial Management
  4. MGMT 235                             Financial Markets
  5. OBE 244                                 Mortgage Markets: Institutions, Securities, and Strategies
  6. OBE 253                                 Personnel Management
  7. OBE 295B                               Internship in Urban Land Development
  8. PPA 205                                  Research in Public Policy and Administration
  9. PPA 220 B                              Applied Economic Analysis II
  10. PPA 284 (GOVT 284)             Urban Policy
  11. SOC 210                                 Urban Sociology

Other courses approved by the program coordinator may be used to meet the elective course requirements. However, a maximum of six (6) units of upper division undergraduate coursework may be used to meet the elective course requirements.

Culminating Experience (3 units)

  1. OBE 500A/B                           Thesis/Project, or
  2. PPA 500                                  Culminating Experience

Graduate Real Estate Course

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243. Real Estate Finance and Investment.
Concept and methods used to analyze equity investment in income-producing properties such as apartments, office buildings, and retail. Topics include market analysis, leasing and property income streams, financial structuring, taxation of real estate operations and transactions and on the theory and methods used to assess the performance of individual real estate projects; alternative ownership structures, recent innovations in real estate capital markets, material on regulatory restrictions, taxation, and on mixed assets portfolio analysis. Use of computer models for investment decision-making. 3 units.

244. Mortgage Markets: Institutions, Securities, and Strategies.
Provides an understanding of mortgage markets and the knowledge required to make financing and lending decisions. Topics include sources of funds, mortgage design and analysis of financing alternatives; mortgage origination, risks in real estate loans, forecasting loan performance, loan modifications and workout strategies, foreclosure, bankruptcy and REOs; secondary mortgage markets and mortgage-backed securities; development and construction financing, risks in construction performance and project management, and management of interest rate risk. Use of computer models for decision-making. 3 units.

248. Seminar in Real Estate Development.
A capstone course in urban land development.  Case problems and theoretical issues in such areas as debt and equity financing, feasibility analysis, land use regulation, market analysis, risk management, site selection, and taxation of income-producing properties.  Prerequisite: OBE 243, PPA 250, advancement to candidacy, and permission of the instructor.  3 units.

295B. Internship
Supervised work experience in business, governmental service, or agencies for the purpose of increasing and enhancing student understanding of the nature and scope of the organization's operations. Supervision is provided by the faculty and the cooperating agencies. Open to second year MBA and MS in MIS students. Petitions to be obtained from BUS-1032. Prerequisite: classified graduate status; minimum overall GPA of 3.0 required. Graded Credit/No Credit.1-3 units. 295B. Internship in Urban Land Development.  

296. Experimental Offerings in Business
When a sufficient number of qualified students apply, a faculty member will conduct a seminar on a designated advanced topic in business. 3 units.  

299B. Special Problems
Individual projects or directed reading for students qualified to carry on independent work. Admission requires approval of faculty member under whom the individual work is to be conducted in addition to the approval of the appropriate Department Chair. Petitions to be obtained from the Degree Programs Center, BUS-1030. Prerequisite: classified graduate status.1-3 units. 299B. Special Problems in Urban Land Development.  

500B. Master's Thesis (Plan A)
A thesis is the written product of a systematic study of a significant problem. It identifies the problem, states the major assumptions, explains the significance of the undertaking, sets forth the sources for and methods of gathering information, analyzes the data, and offers a conclusion or recommendation. The finished product evidences originality, critical and independent thinking, appropriate organization and format, and thorough documentation. An oral defense of the thesis may be required. Prerequisite: advancement to candidacy. Concurrent enrollment in MGMT 210 is required. Graded Credit/ No Credit.3 units. 500B. Master's Thesis.  

502B. Master's Project (Plan B)
A project is a significant undertaking appropriate to the areas of Business Administration. It evidences originality and independent thinking, appropriate form and organization, and a rationale. It is described and summarized in a written abstract that includes the project's significance, objectives, methodology and a conclusion or recommendation. An oral defense of the project may be required. Prerequisite: advancement to candidacy. Concurrent enrollment in MGMT 210 is required. Graded Credit/No Credit.3 units. 502B. Master's Project. 


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Created by: Jeffrey A. Riley   rileyj@csus.edu