In addition to the required courses, electives from across the university are recommended based on which aspects of real estate students have an interest. Relevant courses are offered in UNCKenan-FlaglerBusinessSchool, the Department of City and Regional Planning, the LawSchool, and the Political Science Department. (Please refer to the MBA Handbook for information on how to take courses outside the MBA Program)
A large majority of the students concentrating in real estate seek employment opportunities in real estate development, real estate finance, real estate investment banking, and real estate investment management. Students have a large number of electives available to them in the first and second years of the MBA Program, and the recommended courses differ depending on which of the career tracks within real estate that a student wishes to take. The recommended courses fall into two categories: Critical Electives to be taken by all real estate concentrators, and recommended courses that differ depending upon whether a student wishes to focus on development, or on the other career tracks.
Sample course recommendations for two career options are presented below:
Critical Courses:
- MBA 253A or B: Negotiations
- MBA 273: Financial Statement Analysis
- MBA 259 or 259S: Power, Politics and Influence
Recommended Courses for Real Estate Development
- MBA 235, Project Management
- MBA 280J, Financial Management Decisions and Applications
- MBA 258F, Private Equity and Debt Markets
- MBA 258G, Business Plan Analysis
- MBA 258H, Entrepreneurship, Value Initiatives, and Capital Sources
- MBA 259G, Creative Financing of New Ventures
- MBA 259J, Sales
- MBA 259K, Launching the Company Part 1: Feasibility
- MBA 251D, Venture Capital Deal Structure
- MBA 251E, Venture Capital Management
- MBA 244, Community Development and Venture Capital
- MBA 250C, Strategy and Uncertainty
- MBA 276, Advanced Financial Reporting
- MBA 277, Complex Deals
- MBA 285C, Financial Modeling
- MBA 275, Taxes in Finance
- LAW 270, Real Estate Finance
- POLI 220, The Politics of Development and Change
- PLAN 244, Land Use and Environmental Policy
- PLAN 266, Urban Neighborhood Revitalization
See MBA Handbook for details on how to take courses outside the MBA Program
Real Estate Finance, Investment Banking, and Investment Management
- Fundamental Principles of Corporate Finance: Open to 1st years only
- MBA 276, Advanced Financial Reporting
- MBA 277, Complex Deals
- MBA 285C, Financial Modeling
- MBA 280G, Applied Corporate Finance
- MBA 289, Financial Markets
- MBA 258F, Private Equity and Debt Markets
- MBA 258G, Business Plan Analysis
- MBA 259H, Entrepreneurship, Value Initiatives, and Capital Sources
- MBA 280G, Applied Corporate Finance
- MBA 280J, Financial Management Decisions and Applications
- MBA 289, Financial Markets
- MBA 289A, Investment Banking
- MBA 288, Mergers, Acquisitions and Corporate Restructuring
- MBA 288B, Financing Deals and Strategic Transactions
- MBA 275, Taxes in Finance
- MBA 251D, Venture Capital Deal Structure
- LAW 270, Real Estate Finance
See MBA Handbook for details on how to take courses outside the MBA Program.
Other Suggested Electives
- MBA 254A, Applied Improvisation for Communication
- MBA 258A, Entrepreneurship & Minority Development
- MBA 261, Data, Tools & Analysis
- MBA 220, Global Immersion Elective (location changes each year)
- MBA 253C, Managing Workplace Diversity
Use the following links for additional detail on classes in the Regional Planning and Law Schools.
Department of City and Regional Planning Course List
The Law School Course List
Practicums
UNC Kenan-Flagler's MBA Program is geared towards developing multi-disciplined general managers with strong functional expertise and a global perspective. The MBA Program firmly believes that the best method to achieve this goal is by allowing students to apply and test what has been learned through interaction with real-world problems and practical experiences.
A practicum is a team project, which enables students to 1) apply or practice what has been learned in the first year of the MBA program and 2) effectively reinforce and build on theoretical and applied classroom learning through practical, hands-on work with a company or organization. Although there is much latitude in what constitutes an appropriate Practicum Project, the requirements for completing a project are rigorous and demanding. Each practicum team is required to have a faculty advisor, who expects preparation and professional results equivalent to a 3.0 credit hour academic course, which means a minimum of 100 hours of work.
To find out additional information on how to particiapte in a practicum, please visit the Kenan-Flagler Practicum Program website.
To find out more information on current Real Estate Practicums, click on the Practicums below.
Zapolski + Rudd, LLC - Retail study on one of its properties in Raleigh.
Cherokee Property Foundation - Create a strategy for identifying and remediating lower-valued contaminated properties within North Carolina
Concentration Team
The coordinator for the Real Estate concentration is David Hartzell (Dave_Hartzell@unc.edu , 919-962-3160).
Concentration Leader: David Hartzell
Curriculum Advisor: David Hartzell
Career Advisor: David Hartzell, Tom Harvey, OCS
Faculty teaching in the Real Estate Concentration are:
Chaired (Distinguished) Professors: David Hartzell, David Godschalk (Department of City and Regional Planning), John J. Pringle, James H. Johnson, Anil Shivdasani, Michael Stegman
Distinguished Scholars: Robert Bushman
Professors: Robert Adler, John Hand
Visiting Professors: W. Clay Hamner
Associate Professors: Joe Bylinski, Mustafa Gultekin, Greg Brown
Adjunct Professors:Tom Harvey, Mike Miles, Gerald Bell, Edward Cornet, Buck Goldstein, Richard Kouri, Randy Myer
Assistant Professors: Peter Brews, Merih Sevillir
Other Program Activities
In addition to classroom experiences, our students and faculty are actively engaged in a host of Real Estate Club activities. The Club sponsors an active speaker series, and invited speakers are appropriately timed to augment and extend classroom discussions. In addition to the speaker series, a number of career panels are held throughout the fall and spring semesters, where distinguished alumni return to campus to discuss their careers. Active alumni participation serves as the bridge between current and former students, and several alumni events (reunions, informal dinner talks, etc.) are held throughout the school year.
The Joint MBA/MRP Program
In the late 1980s, a joint program was developed between the Masters of Regional Planning Department and the MBA Program. Students with an interest in the interface between the public and private sectors enroll in this joint program, which takes three years to complete. In any year, two to five students are enrolled, and they must pass the rigorous admissions criteria of both the top-five ranked Planning program and the KFBS MBA Program. The first year of the Joint Program entails taking the core courses in one of the programs, and the second year requires the taking of the core in the other program. Third-year electives are chosen to prepare the students for their chosen career areas in the area of real estate. To our knowledge, this is the only joint program of its kind in the country, and it has earned a reputation of uniqueness and excellence.
For more information about the Masters of Regional Planning degree, visit the Department of City and Regional Planning website.
The Joint MBA/Law Program
The combined degrees of J.D. and Master of Business Administration may be earned in four years by enrollment in the joint program of the School of Law and the Kenan-Flagler Business School. Admission to each school must be gained independently. In the program's first year, candidates must take the complete prescribed first-year curriculum in either law or in business and in the second year, that of the other school. In the third and fourth years, elective law courses and prescribed business courses make up the remainder of the curriculum. A candidate must successfully complete the combination of 74 semester hours in the Law School and 49 semester hours in the Business School. Professor Thomas Hazen is faculty adviser for this program.
For more information about the Law Degree, please visit the Law School’s website.