# REALEST 841: Applied Real Estate Investment Track (areit) I | UW–Madison [View on UW Courses](https://uwcourses.com/courses/REALEST_841) ## Dataset ### revision e243353dcb7d79b7247ced91d69443ef4c2a6349 ### repository twangodev/uwcourses ### schema version 6 ### importer version 7 ### projection id 52a78527ff09011d88cb04c7d43867d9fbfec2930bf1dd2ec359ebd2844e0b07 ### observed at 2026-09-07T15:55:43.033547+00:00 ### built at 2026-09-10T19:50:42.743001+00:00 ### courses 8951 ### current instructors 5754 ### limited false ### terms * 1272 * 1264 * 1262 * 1254 * 1252 * 1244 * 1242 * 1234 * 1232 * 1224 * 1222 * 1212 * 1204 * 1202 * 1194 * 1192 * 1184 * 1182 * 1174 * 1172 * 1164 * 1162 * 1154 * 1152 * 1144 * 1142 * 1134 * 1132 * 1124 * 1122 * 1114 * 1112 * 1104 * 1102 * 1094 * 1092 * 1084 * 1082 * 1074 * 1072 ### term 1272 ### departments | subject | count | | --------- | ----- | | AAE | 90 | | ABT | 20 | | ACCTIS | 36 | | ACTSCI | 14 | | AFAERO | 10 | | AFRICAN | 87 | | AFROAMER | 71 | | AGROECOL | 21 | | AMERIND | 53 | | ANAT\&PHY | 7 | | ANATOMY | 2 | | ANESTHES | 8 | | ANSCI | 57 | | ANTHRO | 95 | | ART | 125 | | ARTED | 10 | | ARTHIST | 121 | | ASIALANG | 129 | | ASIAN | 109 | | ASIANAM | 28 | | ASTRON | 38 | | ATMOCN | 69 | | BIOCHEM | 51 | | BIOCORE | 10 | | BIOLOGY | 14 | | BIOMDSCI | 18 | | BME | 66 | | BMI | 41 | | BMOLCHEM | 10 | | BOTANY | 69 | | BSE | 44 | | C\&ESOC | 73 | | CBE | 48 | | CHEM | 101 | | CHICLA | 52 | | CIVENGR | 133 | | CLASSICS | 47 | | CNP | 10 | | CNSRSCI | 50 | | COMARTS | 137 | | COMPBIO | 15 | | COMPLIT | 11 | | COMPSCI | 138 | | COUNPSY | 78 | | CRB | 19 | | CS\&D | 71 | | CSCS | 40 | | CURRIC | 193 | | DANCE | 93 | | DERM | 8 | | DS | 88 | | DYSCI | 35 | | ECE | 155 | | ECON | 145 | | EDPOL | 114 | | EDPSYCH | 97 | | ELPA | 70 | | EMA | 53 | | EMERMED | 17 | | ENGL | 206 | | ENTOM | 40 | | ENVIRST | 148 | | EP | 15 | | EPD | 67 | | ESL | 16 | | F\&WECOL | 60 | | FAMMED | 22 | | FINANCE | 50 | | FOLKLORE | 40 | | FOODSCI | 43 | | FRENCH | 63 | | GEN\&WS | 145 | | GENBUS | 72 | | GENECSLR | 17 | | GENETICS | 60 | | GEOG | 113 | | GEOSCI | 83 | | GERMAN | 82 | | GLE | 48 | | GNS | 38 | | GREEK | 27 | | HDFS | 41 | | HEBR-BIB | 13 | | HEBR-MOD | 10 | | HISTORY | 233 | | HISTSCI | 56 | | HONCOL | 13 | | ILS | 43 | | INFOSYS | 9 | | INTEGART | 7 | | INTEGSCI | 22 | | INTER-AG | 18 | | INTER-HE | 11 | | INTER-LS | 22 | | INTEREGR | 16 | | INTLBUS | 21 | | INTLST | 50 | | ISYE | 83 | | ITALIAN | 53 | | JEWISH | 56 | | JOURN | 88 | | KINES | 128 | | LACIS | 26 | | LANDARC | 61 | | LATIN | 24 | | LAW | 120 | | LEGALST | 48 | | LINGUIS | 35 | | LIS | 89 | | LITTRANS | 78 | | LSC | 52 | | M\&ENVTOX | 7 | | MARKETNG | 62 | | MATH | 153 | | MDGENET | 8 | | ME | 130 | | MEDHIST | 43 | | MEDICINE | 60 | | MEDIEVAL | 32 | | MEDPHYS | 39 | | MEDSC-M | 29 | | MEDSC-V | 41 | | MHR | 68 | | MICROBIO | 45 | | MILSCI | 16 | | MM\&I | 22 | | MOLBIOL | 6 | | MS\&E | 59 | | MUSIC | 165 | | MUSPERF | 126 | | NAVSCI | 20 | | NE | 44 | | NEURODPT | 11 | | NEUROL | 7 | | NEURSURG | 4 | | NTP | 11 | | NURSING | 111 | | NUTRSCI | 65 | | OBS\&GYN | 18 | | OCCTHER | 39 | | ONCOLOGY | 14 | | OPHTHALM | 5 | | OTM | 43 | | PATH | 34 | | PATH-BIO | 29 | | PEDIAT | 26 | | PHARMACY | 31 | | PHILOS | 77 | | PHMCOL-M | 11 | | PHMPRAC | 45 | | PHMSCI | 60 | | PHYASST | 37 | | PHYSICS | 88 | | PHYSIOL | 3 | | PHYTHER | 37 | | PLANTSCI | 52 | | PLPATH | 35 | | POLISCI | 192 | | POPHLTH | 58 | | PORTUG | 33 | | PSYCH | 101 | | PSYCHIAT | 22 | | PUBAFFR | 54 | | PUBLHLTH | 23 | | RADIOL | 11 | | REALEST | 41 | | RELIGST | 90 | | RHABMED | 9 | | RMI | 24 | | RP\&SE | 102 | | S\&APHM | 17 | | SCANDST | 73 | | SLAVIC | 89 | | SOC | 149 | | SOCWORK | 87 | | SOILSCI | 46 | | SPANISH | 83 | | SRMED | 21 | | STAT | 94 | | STDYABRD | 52 | | STS | 8 | | SURGERY | 25 | | SURGSCI | 33 | | THEATRE | 91 | | URBRPL | 60 | | UROLOGY | 5 | | ZOOLOGY | 89 | ## course ### run id 20260907T155543-ce3781c4 ### semester 1272 ### observed at 2026-09-07 15:55:43.033547+00:00 ### record version id 8d54960be6f08c523efdeb6bd55bb0b13253c5349f1a3ca2eb9d94ea79c00f42 ### course id REALEST 841 ### course uid course\_1cce3098f3ff7bdf65666af1 ### catalog version id badf9515bfbab14f298f861fbeb979b5c16db632c82d63a3ec11ffdaa4854012 ### course number 841 ### subjects * REALEST ### title APPLIED REAL ESTATE INVESTMENT TRACK (AREIT) I ### description Focuses on investment processes, guidelines, governance, underwriting, company valuation, sector analysis and portfolio analysis. Allows selected students to function as portfolio managers by investing real money (endowment to the real estate program) in listed real estate companies, primarily real estate investment trusts (REITs). ### requirements text Graduate/professional standing, (REAL EST 410or710), andREAL EST 540, or declared in graduate Business Exchange program ### credits min 6 ### credits max 6 ### credit offering ids * 1272:239:026154 ### llm job id enrich-8b774950c2b6adfdc46d1b82 ### llm output id cc076677652c1868acde0a09d6ab63db3812cda0090763e39ace359f4da8148f ### llm model nvidia/Qwen3.6-35B-A3B-NVFP4 ### llm model revision 1355db6a052410cfd62085d94b58866fd0f2c3c5 ### llm task version 14 ### llm search status valid ### llm summary Applied Real Estate Investment Track I covers investment processes, governance, underwriting, and portfolio analysis, including managing real money in REITs. ### llm topics * Investment processes, guidelines, and governance * Underwriting, company valuation, and sector analysis * Portfolio management of REITs ### llm skills * Investment processes, governance, underwriting, company valuation, sector analysis, and portfolio analysis. * Portfolio management of real money in REITs. ### llm assumed background * Real estate finance, investment analysis, and REIT market concepts. ### llm search phrases * real estate investment trust portfolio management * commercial real estate valuation * real estate equity investment * REIT analysis course ### llm requirements status needs\_review ### llm student summary status valid ### llm experience status insufficient\_evidence ### catalog variants None recorded. ### student summary #### context hash c7c377e947d61791c199f5200a2c30f05a324484c80ec643e04fbb8d3baa9b58 #### course id REALEST 841 #### current instructors ```json [ { "instructor_uid": "instructor_2a4238024fdad8dae914f6dc", "message": "No course-specific reviews available", "name": "Jay Rosenberg", "review_status": "no_course_reviews", "rmp_instructor_id": null, "summary": [] } ] ``` #### difficulty workload None recorded. #### errors None recorded. #### historical context None recorded. #### message No course-specific reviews available #### offered true #### profile hash 5cb4dabf887cdbcd8c00d5a1312e10828b95c63f30bc3ea76aea199565390d02 #### quick take Recent recorded grades — Fall 2023: 3.90 GPA, 90.0% A/AB (n=10 letter grades); Fall 2024: 4.00 GPA, 100.0% A/AB (n=8 letter grades); Fall 2025: 4.00 GPA, 100.0% A/AB (n=9 letter grades). ```json { "citations": [ { "course_id": "REALEST 841", "run_id": "20260907T155543-ce3781c4", "source_record": { "entity_id": "d551a7ae-c7f6-3f8a-b975-b82952fdec8b", "file": "tables/observations.parquet", "kind": "grades", "source": "madgrades" }, "table": "grades_latest", "term_id": "1242", "type": "grade" }, { "course_id": "REALEST 841", "run_id": "20260907T155543-ce3781c4", "source_record": { "entity_id": "d551a7ae-c7f6-3f8a-b975-b82952fdec8b", "file": "tables/observations.parquet", "kind": "grades", "source": "madgrades" }, "table": "grades_latest", "term_id": "1252", "type": "grade" }, { "course_id": "REALEST 841", "run_id": "20260907T155543-ce3781c4", "source_record": { "entity_id": "d551a7ae-c7f6-3f8a-b975-b82952fdec8b", "file": "tables/observations.parquet", "kind": "grades", "source": "madgrades" }, "table": "grades_latest", "term_id": "1262", "type": "grade" } ] } ``` #### student experience None recorded. #### task hash 74fb0997943e888960bbc9e47db8c4fd12e4292d55c20509d8d89db6a9910f68 #### teaching history None recorded. #### term id 1272 #### term name 2026 Fall #### version 2 ### requirements #### nodes ```json [ { "children": [ "n1", "n2" ], "condition": null, "course": null, "evidence": "Graduate/professional standing, (REAL EST 410or710), andREAL EST 540, or declared in graduate Business Exchange program", "id": "n0", "kind": "any" }, { "children": [ "n3", "n4", "n5" ], "condition": null, "course": null, "evidence": "Graduate/professional standing, (REAL EST 410or710), andREAL EST 540", "id": "n1", "kind": "all" }, { "children": [], "condition": "Graduate/professional standing", "course": null, "evidence": "Graduate/professional standing", "id": "n2", "kind": "condition" }, { "children": [], "condition": "declared in graduate Business Exchange program", "course": null, "evidence": "declared in graduate Business Exchange program", "id": "n3", "kind": "condition" }, { "children": [ "n6", "n7" ], "condition": null, "course": null, "evidence": "(REAL EST 410or710)", "id": "n4", "kind": "any" }, { "children": [], "condition": "andREAL EST 540", "course": null, "evidence": "andREAL EST 540", "id": "n5", "kind": "condition" }, { "children": [], "condition": null, "course": { "course_number": 410, "minimum_grade": null, "subjects": [ "REALEST" ], "timing": "prior" }, "evidence": "REAL EST 410", "id": "n6", "kind": "course" }, { "children": [], "condition": null, "course": { "course_number": 710, "minimum_grade": null, "subjects": [ "REALEST" ], "timing": "prior" }, "evidence": "710", "id": "n7", "kind": "course" } ] ``` #### notes * The phrase 'andREAL EST 540' appears to be a typo for 'and REAL EST 540'. It is treated as a verbatim condition leaf because it is not a valid course reference in linked\_courses and lacks clear Boolean operator separation from the preceding * The node n1 groups 'Graduate/professional standing', '(REAL EST 410or710)', and 'andREAL EST 540' as an AND group based on the comma separation and the 'or' preceding the final alternative. This interpretation assumes the comma separates a #### root n0 #### status needs\_review ### instructors | instructor\_uid | source | source\_instructor\_id | identity\_basis | identity\_status | name | email | first\_observed\_at | last\_observed\_at | instructor\_url | | ------------------------------------ | ---------- | ---------------------- | --------------- | ------------------ | ------------- | ----------------------- | -------------------------------- | -------------------------------- | --------------------------- | | instructor\_2a4238024fdad8dae914f6dc | enrollment | rosenberg27 | netid | source\_identified | Jay Rosenberg | JAY.ROSENBERG\@WISC.EDU | 2026-09-07 15:55:43.033547+00:00 | 2026-09-07 15:55:43.033547+00:00 | /instructors/JAY\_ROSENBERG | ### offerings ```json [ { "run_id": "20260907T155543-ce3781c4", "semester": "1272", "observed_at": "2026-09-07 15:55:43.033547+00:00", "offering_id": "1272:239:026154", "course_id": "REALEST 841", "course_uid": "course_1cce3098f3ff7bdf65666af1", "term_id": "1272", "source_course_id": "026154", "source_subject_id": "239", "title": "Applied Real Estate Investment Track (AREIT) I", "credits_min": 6, "credits_max": 6, "typically_offered": "Not Applicable" } ] ``` ### sections ```json [ { "run_id": "20260907T155543-ce3781c4", "observed_at": "2026-09-07 15:55:43.033547+00:00", "section_uid": "uw-section:1272:25485", "term_id": "1272", "source_section_id": "25485", "identity_basis": "class_number", "section_number": "001", "section_type": "LEC", "instruction_mode": "Classroom Instruction", "capacity": 30, "enrolled": 7, "waitlisted": 0, "start_date": "2026-09-02 05:00:00+00:00", "end_date": "2026-12-09 06:00:00+00:00" } ] ``` ### grade instructors ```json [ { "instructor_uid": "instructor_4f2ee45f89ae63f764f1f052", "source": "madgrades", "source_instructor_id": "501827", "identity_basis": "source_id", "identity_status": "source_identified", "name": "TIMOTHY PIRE", "email": null, "first_observed_at": "2026-09-06 23:14:58.172943+00:00", "last_observed_at": "2026-09-07 15:55:43.033547+00:00", "grade_statistics": { "gpa": 3.881, "graded": 289, "counts": [ 231, 47, 11, 0, 0, 0, 0 ], "sections": 29 }, "instructor_url": "/instructors/TIMOTHY_PIRE" }, { "instructor_uid": "instructor_2a4238024fdad8dae914f6dc", "source": "enrollment", "source_instructor_id": "rosenberg27", "identity_basis": "netid", "identity_status": "source_identified", "name": "Jay Rosenberg", "email": "JAY.ROSENBERG@WISC.EDU", "first_observed_at": "2026-09-07 15:55:43.033547+00:00", "last_observed_at": "2026-09-07 15:55:43.033547+00:00", "instructor_url": "/instructors/JAY_ROSENBERG" } ] ``` ### grades ```json [ { "run_id": "20260907T155543-ce3781c4", "semester": "1272", "observed_at": "2026-09-07 15:55:43.033547+00:00", "course_id": "REALEST 841", "course_uid": "course_1cce3098f3ff7bdf65666af1", "term_id": "1232", "term_name": "Fall 2022", "instructors": [ "TIMOTHY PIRE" ], "a": 11, "ab": 0, "b": 0, "bc": 0, "c": 0, "d": 0, "f": 0, "satisfactory": 0, "unsatisfactory": 0, "credit": 0, "no_credit": 0, "passed": 0, "incomplete": 0, "no_work": 0, "not_reported": 0, "other": 0, "total": 11, "source_aliases": [ "REALEST 841" ] }, { "run_id": "20260907T155543-ce3781c4", "semester": "1272", "observed_at": "2026-09-07 15:55:43.033547+00:00", "course_id": "REALEST 841", "course_uid": "course_1cce3098f3ff7bdf65666af1", "term_id": "1242", "term_name": "Fall 2023", "instructors": [ "TIMOTHY PIRE" ], "a": 9, "ab": 0, "b": 1, "bc": 0, "c": 0, "d": 0, "f": 0, "satisfactory": 0, "unsatisfactory": 0, "credit": 0, "no_credit": 0, "passed": 0, "incomplete": 0, "no_work": 0, "not_reported": 0, "other": 0, "total": 10, "source_aliases": [ "REALEST 841" ] }, { "run_id": "20260907T155543-ce3781c4", "semester": "1272", "observed_at": "2026-09-07 15:55:43.033547+00:00", "course_id": "REALEST 841", "course_uid": "course_1cce3098f3ff7bdf65666af1", "term_id": "1252", "term_name": "Fall 2024", "instructors": [ "TIMOTHY PIRE" ], "a": 8, "ab": 0, "b": 0, "bc": 0, "c": 0, "d": 0, "f": 0, "satisfactory": 0, "unsatisfactory": 0, "credit": 0, "no_credit": 0, "passed": 0, "incomplete": 0, "no_work": 0, "not_reported": 0, "other": 0, "total": 8, "source_aliases": [ "REALEST 841" ] }, { "run_id": "20260907T155543-ce3781c4", "semester": "1272", "observed_at": "2026-09-07 15:55:43.033547+00:00", "course_id": "REALEST 841", "course_uid": "course_1cce3098f3ff7bdf65666af1", "term_id": "1262", "term_name": "Fall 2025", "instructors": [ "TIMOTHY PIRE" ], "a": 9, "ab": 0, "b": 0, "bc": 0, "c": 0, "d": 0, "f": 0, "satisfactory": 0, "unsatisfactory": 0, "credit": 0, "no_credit": 0, "passed": 0, "incomplete": 0, "no_work": 0, "not_reported": 0, "other": 0, "total": 9, "source_aliases": [ "REALEST 841" ] } ] ``` ### statistics #### gpa 3.974 #### graded 38 #### counts * 37 * 0 * 1 * 0 * 0 * 0 * 0 ### grade conflicts None recorded. ### evidence #### history * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/history/course\_1cce3098f3ff7bdf65666af1-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/history/course_1cce3098f3ff7bdf65666af1-0.json) #### traces * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/traces/course\_1cce3098f3ff7bdf65666af1-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/traces/course_1cce3098f3ff7bdf65666af1-0.json) #### meetings * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/meetings/course\_1cce3098f3ff7bdf65666af1-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/meetings/course_1cce3098f3ff7bdf65666af1-0.json) #### results * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/results/course\_1cce3098f3ff7bdf65666af1-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/results/course_1cce3098f3ff7bdf65666af1-0.json) ### revision e243353dcb7d79b7247ced91d69443ef4c2a6349 ## context ### all #### term #### gpa 3.973684210526316 #### count 38 #### university ##### size 2734 ##### gpa Percentile 88 ##### count Percentile 9 ##### median Count 105 ##### histogram | range | count | current | | ------- | ----- | ------- | | 0.0–0.4 | 0 | false | | 0.4–0.8 | 0 | false | | 0.8–1.2 | 0 | false | | 1.2–1.6 | 0 | false | | 1.6–2.0 | 0 | false | | 2.0–2.4 | 1 | false | | 2.4–2.8 | 6 | false | | 2.8–3.2 | 183 | false | | 3.2–3.6 | 704 | false | | 3.6–4.0 | 1840 | true | #### departments ```json [ { "subject": "REALEST", "comparison": { "size": 21, "gpaPercentile": 100, "countPercentile": 5, "medianCount": 113, "histogram": [ { "range": "0.0–0.4", "count": 0, "current": false }, { "range": "0.4–0.8", "count": 0, "current": false }, { "range": "0.8–1.2", "count": 0, "current": false }, { "range": "1.2–1.6", "count": 0, "current": false }, { "range": "1.6–2.0", "count": 0, "current": false }, { "range": "2.0–2.4", "count": 0, "current": false }, { "range": "2.4–2.8", "count": 0, "current": false }, { "range": "2.8–3.2", "count": 0, "current": false }, { "range": "3.2–3.6", "count": 8, "current": false }, { "range": "3.6–4.0", "count": 13, "current": true } ] } } ] ``` ### terms #### 1232 ##### term 1232 ##### gpa 4 ##### count 11 ##### departments | subject | comparison | | ------- | ---------- | | REALEST | | #### 1242 ##### term 1242 ##### gpa 3.9 ##### count 10 ##### departments | subject | comparison | | ------- | ---------- | | REALEST | | #### 1252 ##### term 1252 ##### gpa 4 ##### count 8 ##### departments | subject | comparison | | ------- | ---------- | | REALEST | | #### 1262 ##### term 1262 ##### gpa 4 ##### count 9 ##### departments | subject | comparison | | ------- | ---------- | | REALEST | | ### benchmarks #### all ##### school ###### size 2734 ###### gpa 3.6828436876066126 ###### top Share 83.37648184927653 ###### count 105 ##### REALEST ###### size 21 ###### gpa 3.6365404468809666 ###### top Share 81.31466726852398 ###### count 113 #### terms ##### 1232 ###### school ###### size 1216 ###### gpa 3.575457431972425 ###### top Share 77.33712216234007 ###### count 66 ##### 1242 ###### school ###### size 1295 ###### gpa 3.595302892737449 ###### top Share 78.36291889885307 ###### count 67 ###### REALEST ###### size 13 ###### gpa 3.488539015225787 ###### top Share 70.72937356976098 ###### count 85 ##### 1252 ###### school ###### size 1333 ###### gpa 3.619494049739118 ###### top Share 79.71442190500672 ###### count 69 ###### REALEST ###### size 13 ###### gpa 3.5824642519384393 ###### top Share 79.13903612379207 ###### count 120 ##### 1262 ###### school ###### size 1320 ###### gpa 3.628825763035853 ###### top Share 80.21118846327654 ###### count 70 ###### REALEST ###### size 11 ###### gpa 3.472414253981282 ###### top Share 71.10634299203417 ###### count 129 ## instructor Trends ```json [ { "uid": "instructor_4f2ee45f89ae63f764f1f052", "name": "TIMOTHY PIRE", "count": 38, "terms": [ { "term": "1232", "count": 11, "sections": 1, "gpa": 4 }, { "term": "1242", "count": 10, "sections": 1, "gpa": 3.9 }, { "term": "1252", "count": 8, "sections": 1, "gpa": 4 }, { "term": "1262", "count": 9, "sections": 1, "gpa": 4 } ] } ] ``` ## following | code | title | | ----------- | ----------------------------------------------- | | REALEST 842 | APPLIED REAL ESTATE INVESTMENT TRACK (AREIT) II |