Real Estate (Minor)

Why Choose Real Estate?

The Real Estate Minor is designed to provide O’Malley School of Business students with the strategic, analytical, and experiential tools to work in the fast-paced, ever-evolving world of real estate.

The tools students will learn in the Real Estate minor, combined with their overall O'Malley School of Business curriculum, will result in a well-rounded graduate who will be ready for today’s multifaceted business environment.

Specific areas of emphasis include:

Development

Entrepreneurs and business executives build new properties and renovate existing properties in order to generate income, property appreciation, development fees, economic growth and employment.

Finance and Investment

Business leaders must finance their locations using internal funds, debt, or equity.  Business locations should compensate organizations for risk and provide an adequate ROI that exceeds the internal and external cost-of-funds.

Design and Construction

Construction projects should be properly managed to ensure adequate planning, quality design, and a safe and secure construction process.

Sales

The sales and marketing of properties is one of the most important functions in real estate. Real estate brokers and agents ensure that the real estate market is liquid and that individuals and companies looking for real estate can find a location in an efficient and effective manner.

Home and Work Environment

Employees must have work environments that are safe, secure, motivating, and that foster collaboration. Individuals need homes and cultural institutions that are attractive, functional, and safe.

Environmental Impact

Developers should utilize green building practices that lead to healthy and environmentally responsible design and construction, addresses our changing climate, and encourages healthy living for all.

What Will You Learn?

The skills students will learn in the Real Estate minor include acquisitions, design and planning, construction management, asset and property management, and financial structuring, fundraising, and valuation. Related programs include economics and finance, management, marketing, and accounting.

In the Real Estate Minor, you will learn about:

• Conceptualization and planning of a real estate project
• Site acquisition
• Zoning and permits
• Design and planning
• The construction process
• Budgeting
• Financial structuring, capital raising and valuation
• Risk analysis
• Property management
• Real Estate Brokerage

Degree Requirements

The Real Estate Minor requires that students choose a major in the O’Malley School of Business (e.g., Marketing, Management, Finance, Economics, Computer Information Systems, Business Analytics). Real Estate is a minor and is not intended to be a standalone focus in the business school.

Students in the O'Malley School of Business who wish to minor in Real Estate must take:

Students must also take one of the following course elective options:

Total Credits for Minor: 9

Course Descriptions

REAL 310 – Real Estate Development

This course offers a thorough study of real estate development, finance and investment. It offers a step-by-step analysis of the phases utilized in the real estate development process including conceptualization, site acquisition, zoning and permits, planning and design, the construction process, budgeting, financing, and financial reporting and evaluation. It includes an overview of the major types of valuation methods and approaches used for analyzing the main categories of real properties. The course also discusses the challenges and techniques for raising capital for real estate projects. Leadership, management and control of the development team are also featured topics.

REAL 420 - Real Estate Capstone

This course offers student the opportunity to analyze a case study of an actual real estate project which was experienced by corporation.

Student teams must analyze a real estate challenge that a company faced and utilizing actual real estate data, constraints, and company objectives they must develop solutions for the challenge. The proposed solution, must be presented in the form of 1. A written report; 2. A slide presentation summarizing the solution; and 3. A full, working financial proforma which details a financial picture of the solution.

What Will You Do?

Adding real estate to your studies gives you a competitive edge that is necessary in today’s multifaceted business environment. You will be well prepared for a career in real estate acquisitions and development, property management, asset management and financial analysis.

Get Involved

The Manhattan College (MC) Real Estate Club

The mission of the MC Real Estate Club is to provide interested students with opportunities for professional experience, cross disciplinary learning, and network with alumni and industry professionals. Learn more about the Manhattan College Real Estate Club.