MBA and Master's Programs

Real Estate

The Alberta MBA with a focus on Real Estate allows you to complete the same core business courses all MBA students complete, a choice of free electives tailored to your interests, and also courses with a real estate focus.  The Real Estate stream provides students the opportunity for a broad based education in real estate economics, finance, law and development preparing them for a range of careers in the industry. The courses are a mix of theory and practice involving case studies and/or team projects offering students hands-on preparation for their careers. For example, in the asset strategies course, students work with Argus software providing them with a valuable tool for real estate investment analysis. Students in the development class complete a feasibility analysis of a parcel of land in the Edmonton region.

Real Estate Courses

  • BUEC 610: Principles of Real Estate

    Introduction to the principles of commercial real estate. Real estate markets and decision making; real estate economics and location; property development; marketing and property management; mortgage lending, real estate investment, brokerage and regulation. Industry guest speakers help link theory with industry practice in their areas of expertise. Prerequisites: BUEC 503.

  • BUEC 611: Real Estate Asset Strategies

    Theory, fundamentals and methods in real estate finance and investment; real estate investment analysis and valuation;  real estate entities and taxation; leases and corporate real estate;  the economics and finance of real estate development; real estate capital markets; land development and the home building industry. This course is designed to provide the student with essential tools to understand how real estate value is determined, created and influenced.  Students use software to analyze real estate cases.  Prerequisites: BUEC 503, and FIN 501 or 502

  • BUEC 613 Real Estate Development

    A practicum about real estate development and decision making.  Real estate development is a process during which the entrepreneur identifies a site which is underutilized, undertakes the necessary conceptual, design, market, economic, and financial analysis and brings the site to its highest and best use.  Topics include market analysis of different types of real estate uses, massing studies, cost estimation and deal structuring, analysis of site constraints and regulation and financial analysis of to-be-built properties. Students in teams undertake the background research and feasibility analysis related to a site and make a final proposal to the instructor. Prerequisites: BUEC 503, and FIN 501 or 502

  • B LAW 612 Legal Issues in Real Estate

    Real estate law as it applies to business decisions in real estate. Property rights and land title, legal aspects of real estate transactions, real estate finance, entitlement and land use, and the environment. Transactional real estate includes lease agreements, purchase and sale agreements, agency, mortgages and deeds of trust, partnership agreements, construction contracts, builder’s liens and condominium law. The entitlement process includes all aspects of real estate development including land use planning and zoning, infrastructure, acquisition of development permits and building permits, subdivision and the planning process. Relevant environmental law and aboriginal laws are included.