Real World Activities
Applied Learning Opportunities
Industry-Grade Experience
IT’S TIME TO LEARN BEYOND THE CASE STUDY
Training that integrates real-world activities with the academic program gives students a significant head start on their careers. The Steers Center for Global Real Estate’s unique curriculum is based upon the Four Quadrants of the real estate capital markets and includes highly applied learning opportunities such as:
- The Real Estate Clinic which offers MBA students the opportunity to underwrite live real estate deals for a large global investor,
- The Public Real Estate Fund (PREF), which is an undergraduate student-led investment fund whereby participants make real investments in REIT and CMBS products, and
- Interaction with a private sector oriented faculty that is uniquely suited to teach both the theoretical and practical aspects of the industry.
Students can also learn, enhance resumes and build networks through year-round internships with leading real estate companies in Washington, D.C., throughout the U.S., and around the world.
“Georgetown McDonough has a unique opportunity through the Steers Center for Global Real Estate to create a new kind of educational experience that incorporates the real estate industry to a level not previously done” – Matthew Cypher, Director of the Steers Center for Global Real Estate
Curricula: Four Quadrants. For Success. For You.
The undergraduate and MBA-level curricula at Georgetown McDonough are based on a highly applied, Four Quadrant (public, private, debt, and equity) model of the real estate capital markets. The pedagogical philosophy is one of “top down and bottom up,” addressing:
- Macro-economic issues and top-down implications for real estate investments;
- Financial and physical considerations at the property level;
- Knowledge of technical areas such as Argus and Excel-based financial modeling.
Four Quadrant Model
Course Offerings
Map Your Success.
MBA
The MBA curriculum offers individual courses in each of the four real estate quadrants coupled with up to four modules within the Real Estate Clinic, totaling eight individual courses in real estate. Students also have the ability to expand upon the formal real estate curriculum with complementary courses offered within the McDonough School of Business and broader Georgetown University.
Real Estate Private Equity (FINC 558)
- Introduction to real estate valuation from a bottom-up asset perspective;
- Analysis of asset-level performance through unleveraged, leveraged and equity returns; Exposure to the investment process, strategy and key participants.
Real Estate Public Equity (FINC 569)
- Introduction to the real estate investment trust asset class and marketplace;
- Review of fundamental elements of corporate capital structures;
- Discuss various strategies for generating growth, including M&A transactions.
Real Estate Private Debt (FINC 568)
- Introduction to the private debt marketplace via case study method;
- Understand risk from various perspectives relative to the benefits to each player;
- Simulate real world underwriting of private debt investments.
Real Estate Public Debt (FINC 567)
- The main objective of this course is for students to learn how one benefits — monetarily and otherwise – from allocating risk associated with real estate debt into the capital markets, and pricing such risk.
- It seeks to accomplish this objective by giving students the tools they can use in their post-Georgetown career to evaluate the risks and returns to issuers and investors and their motivations in a continually evolving marketplace.
Real Estate Clinic (FINC 901)
- Analysis of live real estate transactions across the four major product types and throughout U.S. markets for a global investor;
- Development of underwriting philosophy, asset valuation, and risk management;
- And, significant exposure to Argus and Excel.
Complementary MBA Course Examples –
- Negotiations
- Fixed income analysis
- Financial markets
- Entrepreneurship
- Derivatives
- Private equity