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Real Estate and Urban Land Economics

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The department at a glance

All recorded grades
average GPA
A / AB grades
letter grades

How grades break down

Grades over time

Red: department · Gray: UW–Madison

About these statistics

GPA and percentages are weighted by recorded letter grades. UW comparisons use the same terms. Cross-listed courses count once within this department and once across UW; department totals should not be added together. Grade counts are not unique students. Offering counts reflect captured records, not a complete historical schedule.

Spring 2027

Recorded this term
courses with offerings
instructors recorded

Grades have not been recorded for this term. Historical results remain in the overview above.

Across course levels

Recorded this term

No released grades for this term.

Recorded offerings over time

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26 courses

An introductory overview of the real estate process covering development, permitting, transactions, economics, financing, valuation, leasing, and management.

Offering recorded · Spring 2027 · Sources

Past student reviews · David Gevers

Grades are based on a few short papers and two exams; the exams were extremely easy, and the papers required little effort to complete.

historical GPA · grades

Fall 2022–Spring 2026

Focuses on the study of the allocation of scarce resources across space. Uses economic methods to analyze urban real estate. Topics covered include the determinants of real estate values, the location decisions of households and firms, land use, urban growth and agglomeration, real estate pricing, cycles, development, housing market and policies, and sustainable development.

Offering recorded · Spring 2027 · Sources

Past student reviews · Stephen Malpezzi, Yongheng Deng

One student found the class very easy, while another reported some assignments were difficult. Instructors went over homework in class, which helped make those challenging tasks much easier to complete.

historical GPA · grades

Fall 2022–Spring 2026

CONTEMPORARY TOPICS explores subject areas possibly to be introduced into the business curriculum.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026 · limited sample

Real Estate Finance covers fundamentals of real estate finance and investment, including qualitative and quantitative characteristics of commercial real estate, cash flow projections, valuation approaches, and debt and equity investor.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

Introduction to building real estate models for acquisition and development transactions in residential and commercial sectors using Excel.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2023–Spring 2026

Introduction to real estate modeling using ARGUS for building models of acquisition transactions for office and retail mall properties.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2023–Spring 2026

Covers real estate valuation techniques including property, market, and legal analysis, highest and best use, and the sales comparison, income, and cost approaches applied to commercial property types.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

Analyzes current issues in real estate law focusing on acquisition, leasing, financing, and development of US projects.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

Capstone course in real estate investment analysis focusing on underwriting commercial real estate across multiple property types and professional perspectives.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2023–Spring 2026

Applies investment and real estate concepts to the REIT market with emphasis on analyzing a specific REIT's performance, financing, and value drivers within public capital markets.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2023–Spring 2026 · limited sample

An introduction to real estate private equity investment covering analysis, terms, return metrics, and structures for investment decisions.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2023–Spring 2026

Foundational course on affordable housing development, focusing on LIHTC, financial tools, political context, and strategies to overcome local resistance.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2026–Spring 2026 · limited sample

Real Estate Capital Markets examines the structure and pricing of MBS and REITs, along with strategic considerations for institutional investors in real estate.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Fall 2025

A real-world capstone focusing on real estate investment analysis and presentation, covering the process from project conception to asset disposition.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

The Real Estate Process covers institutional context, urbanization economics, city growth patterns, and decision-making for manufacturing, marketing, managing, and financing real estate space.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2025–Spring 2026 · limited sample

This course covers financing and leverage in real estate investment, alternative financing types, financial structure valuation, equity sources, and mortgage securitization.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

Covers real estate valuation techniques including highest and best use, market comparison, discounted cash flow, income capitalization, cost approaches, and appraisal ethics.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

Commercial Property Development covers creating industrial, office, retail, and hotel properties through strategy, feasibility analysis, site planning, capital costs, construction, and financial structuring, emphasizing case studies.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

A practical guide to real estate law analyzing current issues in acquisition, leasing, financing, and development within specific US project contexts.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2023–Spring 2026

Contemporary Topics explores advanced subject areas possibly to be introduced into the business curriculum.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026

Applied Real Estate Investment Track II provides experiential learning in investment processes, underwriting, and portfolio analysis, where students manage a real-money endowment in REITs.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2023–Spring 2026 · limited sample

Private real estate equity investment course focusing on building investment pipelines, underwriting private placements, governance structures, and benchmarking fund returns.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2023–Spring 2026

Advanced course covering theoretical and empirical research in real estate finance, focusing on major contributions, current trends, and methodological advances in recent papers.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Spring 2025–Spring 2025 · limited sample

Urban Economics analyzes spatial relationships in the urban economy, covering land, labor, and housing markets, transport, governance, and regional models with an interdisciplinary focus.

Offering recorded · Spring 2027 · Sources

historical GPA · grades

Fall 2022–Spring 2026