Bachelor of Science in Business in Real Estate

The undergraduate division of the Department of Real Estate provides a curriculum which enables all students in the Driehaus College of Business to work and excel in the real estate community at the local and national levels, and to adapt to future changes in the industry. It provides a strong foundation for students with career goals in real estate as the demand for qualified professionals in all areas of the industry continues to escalate with changing economic factors that drive the real estate market. Competence in real estate today, and the future, requires an understanding of a wide variety of professional disciplines and their interactions. As a result, the program reaches across academic boundaries of departments and colleges to provide a truly interdisciplinary degree housed within the college. The DePaul real estate major requires finance and real estate law courses, and provides choices in economics, architecture history, public service management, geography, sociology, history and anthropology. Students who complete the program will: Develop a comprehensive body of knowledge that will strengthen financial and analytical skills, including risk analysis, portfolio construction and management, cash flow analysis, and investment strategy. Understand the organizational structure of financial institutions and the impact of capital markets on real estate. Understand the basic laws and regulations governing land use and real estate decisions. Be able to clearly articulate a site development strategy to all parties and agencies. Understand the historical development of real estate and its impact on present and future development patterns. Understand how architectural and urban history provides insights into real estate analysis and valuation. Employment opportunities exist everywhere across the spectrum: ownership, brokerage, appraisal, design, insurance, inspection, leasing, management, and construction are a few. Property sectors include office, industrial, multi-family, retail, and hospitality and entertainment. Expanding the definition of real estate to consider the financial services side of real estate yields an additional list of career opportunities (mortgage lenders, mortgage brokers, underwriters, services, researchers, and others). The Real Estate Center assists students in finding employment in many of these diverse areas and industries in the associated supporting professions. Learning Outcomes - Students will be able to: Use analytical and reflective skills in decision making. Communicate effectively both orally and in writing. Recognize legal and ethical issues confronting them. Contribute to the performance of a group within a business setting. Know the differences among global economies, institutions, business practices and cultures. Acquire knowledge of the functional areas of business and the interrelationships among the functional areas within a business. Program Specific Outcomes - Students will be able to: Evaluate direct real estate investment-debt and equity. Evaluate real estate securities-debt and equity. Career Options - Acquisitions, Asset management, Construction management, Corporate financing, Financial analysis, Leasing management, Marketing management, Mortgage financing, Operations management, Project management, Property management, Real estate development.