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FIU Hollo School’s Miami River Boat Tour mixes sun, fun, education and real estate.

As over 100 of her students boarded a boat in Downtown Miami on a sunny day in mid- November, Suzanne Hollander, Florida International University (FIU) College of Business faculty member, prepared them for a different kind of learning experience.

William G. Hardin speaks to the Miami Herald about South Florida real estate.

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Questions?

Master of Science in International Real Estate

Accelerate your career with the premier real estate program in South Florida

The Master of Science in International Real Estate (MSIRE) is the only program inspired by and developed with leading members of South Floridas international real estate community. Offered by the top-ranked  Chapman Graduate School of Business in the College of Business at Florida International University in Miami, Florida, our Master of International Real Estate was  created expressly to meet the current and emerging needs of real estate professionals for a high caliber education in all facets of this dynamic industry, which, in this region, is both local and global.

With Miami at the center of expanding regional and international real estate opportunities, even experienced professionals are facing new and unique challenges as they undertake large and complex real estate transactions. This 10-month, accelerated, two-evenings-per-week graduate real estate program in downtown Miami provides exactly the type of in-depth knowledge and relevant skills to prepare you to understand and assemble the financial, legal, and other components for closing major real estate transactions successfully.

The MSIRE program is offered via two delivery methods, face-to-face at the Chapman Graduate School of Businesss Downtown on Brickell, or via the web using Blackboard technology.

Now and in the future, your Master of Science in International Real Estate degree is a public statement of your professional commitment and gives you a strong competitive edge in your career advancement.

realestate.fiu.edu .

Curriculum

Core Real Estate Courses

Real Estate Markets and Institutions 

A general survey of the legal, economic, institutional, quantitative and strategic elements of real estate markets, institutions and practices. This course studies the ownership, transfer, and use of real estate. Issues addressed include, but are not limited to, valuation, brokerage, risk management, property management, diversification, investment and sources of capital. The course is both descriptive and analytical in nature with the goal of developing a body of theoretical and applied knowledge. Selected examples are employed to demonstrate traditional U.S. practices and procedure for comparative purposes.

Real Estate Finance 

This course is an introduction to the fundamental concepts, principles, and analytical methods of real estate finance. The focus will be on commercial real estate capital markets, while we also discuss different aspects of residential real estate finance. Our perspective is that of institutional real estate investors (e.g. pension funds, REITs, commercial banks, life insurance companies) regarding large-scale commercial properties. Students are expected to learn techniques in real estate finance and develop critical understandings on the current issues of the real estate capital markets. A key objective of this course is to help students apply these techniques to analyze real estate financing decisions in the real business world.

Advanced Real Estate Investments and Valuation 

This class prepares students for the evaluation of real estate as an investment. The students will be required to evidence knowledge of real estate markets and the tools used in real estate investment decision-making. The course will require students to become proficient in the generation of property cash flows and their evaluation. Emphasis is on the determination of factors impacting real estate investment returns. Students will be required to synthesize property and capital market data to assess direct and portfolio investments in real estate.

Seminar in International Real Estate 

This course is the capstone course for the Master of Science in International Real Estate and focuses on the environment surrounding international real estate. Topics include, but not limited to, diversification benefits through international holdings, cultural attitudes towards ownership, value implications from varying title systems, securitized and un-securitized real estate holdings, legal constraints on land use, global strategic planning, country risk, foreign exchange risk, global financing, and a review of the basic fundamentals of real estate valuation.

Legal Environments of Real Estate

This course takes a creative interactive approach and provides lessons applicable all over the world about practical ways that real estate law impacts everyday life, from understanding what it means to sign a real estate contract like a residential lease or purchase contract, to understanding the process to buy real estate, to obtaining financing to purchase real estate and to growing wealth by managing your own real estate.

Through this course you will learn directly from various professionals involved in real estate such as attorneys, property appraisers, investors, property managers, city, county, state and federal government officials, owners and bankers. The conduct and activities of these practitioners is governed by real estate rules, laws and regulations made by federal, state, county and local governments as well as the private law of contracts.

Through this course, you will learn that knowing the law of real estate will help you understand real estate documents and better understand transactions that you may enter into and/or sell in the future. You will also gain insight into real estate career opportunities and what real estate professionals really do on a day to day basis.

Real Estate Development 

This course will provide an overview of the principles of real estate development; allow the student to obtain a foundation of knowledge in real estate development; review the primary development product types, including land, residential, multi-family, industrial, office and mixed use property types. Private sector and public sector constraints to development will also be evaluated. Students will be required to apply financial evaluation tools and models to real estate projects. This will require computer skills and the use of basic financial concepts including TVM, NPV, and IRR to create decision-making frameworks. Also, sources of debt and equity for real estate development will examined. Public/private structures and other forms of co-operative structures that foster development will be assessed. The primary focus of the course remains the business decision-making processes related to successful real estate development.

Real Estate Market Analysis 

This course provides an overview of basic theories and principles related to real estate market analysis. It gives a hands-on introduction to the industry-standard cash flow software (ARGUS) to assess risks and returns for income-producing real estate assets. Students will also learn how to use relevant data to conduct market research. The course can be divided into three parts. The first part is an introduction of basic theories and principles in real estate market analysis, urban growth patterns and real estate market dynamics. We will then discuss various public and proprietary data sources as well as the fundamental concepts related to commercial leases. The third part focuses on different types of real estate assets and how to use ARGUS to value these properties. A combination of lectures, case studies and guest speeches will be used to help students learn the techniques in market research and enhance their understanding on current market conditions. Students are expected to conduct market research projects using ARGUS and relevant databases, and present their work in both oral and written form.

Core Finance Courses

Corporate Financial Management 

This class focuses on financial decision-making and its impact on the economic value of the firm. The course provides practical applications and is based on modern financial theory, with an emphasis on valuation and risk management. The course examines valuation concepts, capital budgeting, risk analysis, and capital structure decisions in depth. It covers the ethical and financial implications of business decisions and their impact on the value of the firm.

Financial Markets and Institutions

This course will enable a conceptual understanding of the function of financial markets of the flow of funds, of levels of interest rates and of interest rates differentials and analyzes the institutional framework and the varied factors that have an impact on the administration of the financial institutions and how effectively a financial manager can immunize the institution against varied risks.

Global Financial Strategy 

This course covers aspects of strategic financial environment and management of firms that operate in a global arena; to include recent developments in financial strategy, international trade and economic decision making.

Highlights

Florida International Universitys College of Businesss outstanding faculty  of nationally recognized real estate experts have their fingers on the pulse of the domestic and international real estate markets, bringing their real-world knowledge and a wealth of stimulating topics into the classroom. Courses address critical subject areas that include real estate markets and valuation, investment analysis and performance measurement, financing techniques, law, and accounting.

In our Master of Science in International Real Estate program, youll  become adept at using the latest technology, including ARGUS for asset valuation and cash flow projections, GIS (Geographic Information Systems) for mapping and modeling geographical information, and other software tools for analyzing statistics, transaction history, surrounding community information, and comparable market rates.

Surrounded by fellow students already working in different realms of the real estate industrylike  acquisitions, mortgage brokerage, consulting, investments, appraisal, law and developmentyoull gain from their practical experience and form a strong professional network with your peers.

Unique Features

The Chapman Graduate School of Business’ innovative, 10-month Master of Science in International Real Estate, offered at the College of Business Downtown Center on Brickell, Miami, Florida, boasts the following features:

• Ten-month program is presented in two evenings of class per week.
• Curriculum incorporates strong international focus to position you for future opportunities.
• Faculty with national reputations impart their expertise in real estate, finance, and international transactions.
• Classmates with real estate backgrounds are your partners in learning and expand your professional network.
• Strong connections to the South Florida real estate community are your bridge between academia and industry.
• Fully-accredited degree program from top-ranked  business school in the highest 15% in the U.S. provides a bona fide career credential.
• Program has one of the largest numbers of dedicated real estate faculty to place it in the top tier of real estate programs.
• Active career services office assists you with future placement needs.
• Classes are taught in our convenient, Downtown Center on Brickell in Miami, FL.
• Support services include no-red-tape registration, catering, and more.

Student Learning and Program Outcomes

At the Chapman Graduate School we care very deeply about how well we are accomplishing our mission, how our programs contribute to our overarching goals and how we assure that the institution conforms to specified industry and academic norms.  Consequently we are committed to measuring the effectiveness of our programs using a well-defined Assurance of Learning process that ensures accountability and transparency.

Student Learning Outcomes

In recent times there has been a preponderance of student learning-based models which emphasize that Faculty should model the learning process in consultation with all our stakeholders.   Student Learning Outcomes (SLOs) detail what we aim for our students to know, what they can actually do, and what are their vocational attitudes.  These are:

• LO 1:  Students will apply best practices in accounting, taxation, and finance to make sound real estate investments nationally and internationally
• LO 2:  Use financial software to solve problems in real estate financing and investment locally and abroad
• LO 3:  Apply essential concepts in real estate practices and institutions.
• LO 4:  Compare and contrast country specific characteristics as they impact real estate investment and financing.

Program Outcomes

Given our mission, this program has defined the benefits to students as you gain new knowledge, increase your skills, change your values, and modify your behavior through the following program outcomes:

• PO  1:  Graduating students are satisfied with program value and potential for career advancement.
• PO  2:  The program will admit well-qualified students who will successfully complete the program.
• PO  3:  The curriculum is relevant, coherent, and improves skill development in human resource management.
• PO  4:  The program will provide quality instruction. 
• PO  5:  The program will provide quality advising, program administration, academic and student support services, and facilities.
• PO  6:  Maintain sufficient gross revenues to cover all program expenses and be self-sustainable.
• PO  7:  Graduating students will see an increase in salary as a result of obtaining degree.

Calendar

We admit students to the Chapman Graduate School of Business Master of Science in International Real Estate every fall semester.

• Master of Science in International Real Estate requires 30 credit hours of course work to complete.
• Classes are held two evenings a week per eight-week session at our Downtown Center on Brickell in Miami, FL.
• Classes are scheduled on Monday and Wednesday evenings from 5:30 p.m. to 10:00 p.m.
• Time to completion is 10 months.