School of Architecture

certificate in property repositioning and turnaround

*PROGRAM FLYER* (pdf)

Certificate in Repositioning & Turnaround Strategies
13 Credits for Certificate --- Four Core Courses and Studio
Offered by University of Texas at Arlington Graduate School of Architecture

Summary Course Descriptions

Purposefully designed for real estate professionals seeking enhanced skills and new career options, or for graduate students seeking new credentials in course electives, the University of Texas at Arlington Graduate School of Architecture offers a special Certificate Program in Repositioning & Turnaround Strategies. This one-semester 14 -week intensive Certificate meets two evenings each week, Wednesday + Thursday at The Universities Center, 1901 Main St. in downtown Dallas. The Financial Analyses course meets on Saturday mornings for three weeks in the UT Arlington Ft Worth campus with the remainder of the course taught online. For Students already experienced in financial modeling, this component can be replaced by Independent Research to qualify for the Certificate  

 



Investment Due Diligence
Create Profiles and Evaluate property Performance for Investment potentials
Course # ARCH 5395/Section 200---3 Credits

Meets in Downtown Dallas for First 5 weeks in August /September on Wednesday + Thursday  Evenings 6p-10p (8/25; 8/31+9/1; 9/7+ 9/8; 9/14+9/15; 9/21+9/22; 9/28)  Core Course describes  project financial feasibility underwriting with a focus on checklist techniques for Due Diligence and level of complexity in CMBS Transactions.


Repositioning & Adaptive Re-Use  
Using actual property examples, acquire Nine Step Asset Repositioning Process
Course # ARCH 5395/ Section 201 –3 Credits

Meets in Downtown Dallas for Second 5 weeks in /September/ October on Wednesday + Thursday Evenings 6p-10p (9/29; 10/5+10/6; 10/12+ 10/13; 10/19+ 10/20; 10/26+ 10/27; 11/2)
 Core course focuses on property-level repositioning strategies with extensive case studies from major USA markets and selected international developments. This course features special emphasis on managing the redesign and redeployment process. Course oriented to increasing knowledge of creative design process for non-designers.


Restructuring & Turnaround Strategies 
Resolve Financing Structures from Loans to CMBS and Legal/Organizational Issues
Course # 5395/ Section202 --- 3 Credits

Meets in Downtown Dallas for Third 5 weeks in November/ December on Wednesday + Thursday Evenings 6p-10p (11/3; 11/9; 11/10; 11/16; 11/17; 11/30; 12/1; 12/7; 12/8; 12/14)  Course emphasizes Financial and Organizational restructuring with full recognition of impacts on existing Debt/Equity tranches along with legal implications. Guest lecturers illustrate the ramifications of Bankruptcy both process and workout parameters as well as techniques for Lender concessions. 


Financial Analysis 
Learn Finance terminology, Project Feasibility Analysis, and Cash Flow Modeling
Course # REAE 5932/ Section202---3 Credits

Course in financial feasibility for those without knowledge of real estate cash flow analysis and excel spreadsheets will be taught at the UT Arlington Fort Worth Center (1401 Jones Street, Fort Worth, Texas 76102) on Saturdays from 8 am - 3:50 pm on 8/27; 9/10; and 9/24.  The remainder of the course content will be delivered on-line through problem sets and exercises.  The text for the course will be ordered for all class participants and will be made available by the first day of class.

For students with prior experience in financial analysis, substitute REAE 5311 credit for the Certificate Program can be arranged through Profs Buckley and Forgey as an Independent Study or as a Group Research effort, both of which will meet from time to time for progress checks and faculty input over the semester.


Case Study Studio
Course # ARCH 5191/ Section200 --- 1 Credit

Preparation ongoing throughout the Semester.  Case Study Studio featuring real sites with development / repositioning challenges over last 3 weeks as a Cohort exercise.

 


 

Certificate Program Faculty

The UT Arlington Certificate Program is led by senior UT Arlington Faculty from the Graduate Schools of Architecture and Business Administration, and assisted by Visiting Lecturers drawn from the DFW real estate industry.

Michael P Buckley
Director, Certificate Program in Repositioning & Turnaround Strategies, Center for Metropolitan Density

Professor Buckley formerly directed Columbia’s Master of Science in Real Estate program and now heads the UT Arlington Certificate in Repositioning & Turnaround Strategies, and the new UT Arlington research platform, the Center for Metropolitan Density. 

Past President of the Connecticut Society of Architects, he now serves on the Dallas AIA Exec Committee. As President of Halcyon LTD Development Advisors, he has an international reputation for mixed-use concepts and strategic urban planning. Assignments to redevelop underutilized sites include San Juan’s El Triangulo Dorado Harbor Plan and Washington DC’s Navy Yard. Consulting engagements included Organizational options for a major Asian developer and Strategic Cluster studies for cities in Texas, Connecticut and Puerto Rico. 

Prof Buckley is a former ULI Trustee and former Chair, ULI Program Committee and Urban Development Mixed-Use Council. He is now on the Research Committee of the Real Estate Roundtable DC, Affinity Group Leader for the Pension Real Estate Assoc, Academic Member of the Assoc. of Foreign Investors in Real Estate, and The Commercial Real Estate Finance Council. He serves on the Advisory Boards of Interlink Group, and the Texas Sustainability Council. He holds BA and BSc degrees from Rice University, and a Master’s degree in Advanced Studies from MIT.  

Fred A. Forgey
Professor of Finance, UTA College of Business
Director, Graduate Real Estate Programs

Dr. Forgey teaches the program’s Real Estate Development Financial Analysis and Valuation course. He is executive director of Graduate Real Estate Programs for the UT Arlington College of Business. Over the past 20 years, he has held faculty positions with the University of Auckland-New Zealand, University of North Texas, University of Texas at Austin and Texas A&M University, where he was coordinator for the Master of Science in Land Development Program. He has led a variety of specialized study abroad programs to Australia and New Zealand, has taught in executive MBA programs in Asia and has been a professor of real estate for ORIX Capital Markets. Dr. Forgey’s teaching and research focus on adaptive re-use and redevelopment initiatives. He currently serves as chair of the Downtown Bryan Economic Development Association in Bryan, Texas.

 


 

Adjunct Faculty/ Visiting Lectures

The UT Arlington Cert Program has an objective to maintain a close working relationship and a deliberate outreach to the real estate industry.

Each Semester, a select group of industry leaders share their project experience and opinions of emerging trends and proven operational and investment practices. Over the past two years the UT Arlington Cert Program has benefitted from an outstanding array of professionals from Banking, Law, Development, Leasing, Asset Management and Private Equity, with senior executives serving as Visiting Lecturers such as:

  • Michael Dalton - Vice President, Archon Group
  • Peter McKee - Partner, Andrews Kurt
  • John Walsh - President, TIG USA
  • Steve Kennedy - Partner, E2M Private Equity
  • Jay Small - Vice President OREO Keybank
  • Steve Kanoff - EVP, Westmont Realty
  • Mark Wolf - Principal, JHP Architects
  • Chuck Bedsole - VP Hospitality. Alvarez& Marsal
  • David Parham - Partner, Baker McKenzie 

UT Arlington Roundtable Series

Now in its third year, this popular topic-oriented gathering is sponsored by UT Arlington Center for Metropolitan Density and is an integral part of the Certificate curriculum which has been co-sponsored by major DFW Professional organizations including:

 

  • North Texas District Council
  • The Real Estate Council
  • AIA Dallas
  • Texas Capital Bank
  • Cushman & Wakefield LLP
  • Haynes & Boone LLP 
  • Ernst & Young LLP
  • Jones Lang LaSalle


The UT Arlington Roundtable series has featured Panelists from the top DFW Region, including Asset Managers, Real Estate Funds Financiers, Developers, Equity Sources, Brokers and Law Firms such as:

  • Holiday Feneglio Fowler LLP
  • Granite Properties
  • Hunt Realty Corp
  • Texas Capital Bank
  • Witten Assocs
  • Cushman & Wakefield LLP
  • Invesco Real Estate
  • Stratford Land Corporation
  • Primera Companies
  • E2M Private Equity 
  • Corgan Associates
  • CityPlace Development 
  • Andrews Kurth LLP
  • Berkadia Commercial Mortgage
  • Joe Foster Company
  • Crosson-Danis
  • Centerline / C3 M
  • DLA Piper LLP
  • BOKA Powell
  • Good Fulton Farrel
  • Hughes Development
  • Jones Lang LaSalle
  • The Weitzman Group
  • Dallas Area Rapid Transit
  • Texas Institute for Sustainability
  • Jackson Walker LLP
  • City of Dallas Eco Dev
  • Archon Group
  • Billingsley Companies
  • Trinity Works
  • HKS Architects
  • Cityview Corp
  • UCR Realty
  • Baker McKenzie LLP
  • Ernst & Young LLP
  • Haynes & Boone LLP 
  • Behringer Harvard 
  • JHP Architects
  • Interlink Group
  • Texas Capital Bank

at a glance

Certificate in Property Repositioning and Turnaround Strategies

Purpose: To learn best practices and solutions for repositioning distressed assets

Coursework: 13 credit hours covering relevant real estate development topics and restructuring techniques

Class sessions: This one-semester 14 -week intensive Certificate meets two evenings each week, Wednesday + Thursday at The Universities Center, 1901 Main St. in downtown Dallas. The Financial Analyses course meets on Saturday mornings for three weeks in the UT Arlington Ft Worth campus with the remainder of the course taught online.

Duration: May be completed in one or two semesters

Ideal for: Mid-career professionals with previous experience in architecture, construction, law, commercial brokerage, real estate development or finance

Apply Today

Applications for admission will be accepted up to two weeks before the semester begins. You may apply online at applytexas.org.