re • Position Yourself for

Today's Changing Marketplace

re • Invest Your Future in an Emerging Field

    The program features 13 credit hours offered in intensive 1-1/2 day weekly sessions. Coursework may be completed in one or two semesters on Thursday evenings, all day Friday and selected Saturday mornings for the September-December fall 2009 term and the January-May spring 2010 term. Courses will be held on the UT Arlington campus with selected additional sessions offered in downtown Dallas. The program combines four core courses with special mini-courses and industry roundtables featuring recognized experts in real estate development and finance. Tuition is $4,500 for the full 13-hour program.

re • Align Your Skills with a

Rigorous Program of Study

Curriculum Overview

Four core courses introduce relevant real estate development topics and restructuring techniques to equip mid-career architects and other real estate professionals as well as UT Arlington graduate students with skills that better match the current market environment. Certificate program graduates will be able to analyze and restructure troubled assets and assist with implementation of both financial and physical turnaround solutions.

     In addition to the core courses, the Certificate in Property Repositioning and Turnaround Strategies requires a one-credit-hour Analytical Software Tutorial course.

Core Courses

ARCH 5395 Property/Asset Repositioning (3 credits)

In this course offered by the School of Architecture, Professor Michael P. Buckley presents a nine-step turnaround strategy for specific project analytics, including site capacity, reuse alternatives and implementation processes to achieve higher performance levels and asset appreciation. The course covers physical planning and design issues impacting project redevelopment. Lecture topics include urban mixed use, adaptive reuse, marketing, multiphase development and project management.

ARCH 5395 Property Due Diligence (3 credits)

Coordinated by Professor Buckley with selected professionals as adjunct faculty, this course addresses physical project data collection techniques. This includes demographic and operational performance data, examples of due diligence checklists and land use regulations. The coursework focuses on case studies and hypothetical problem solving. Lecture topics include market assessment, physical analysis, lease analysis, revenue verification and property risk assessment.

ARCH 5395 Asset Restructuring (3 credits)

Coordinated by Professor Buckley with selected professionals as adjunct faculty, this course covers the processes of property foreclosure and restructuring, with readings and lectures on best practices, role-playing exercises from various stakeholder positions and case study analyses. Lecture topics include loan monitoring, default triggers and bankruptcy.

REA 5392 Real Estate Development Financial Analysis and Valuation (3 credits)

In this course offered by the College of Business, Professor Fred Forgey teaches basic real estate financial analysis techniques, including pro forma preparation and concepts of present value, discounted cash flow analysis and internal rates of return. Other topics include traditional and evolving capital market sources and financial restructuring techniques.

ARCH 5191 Directed Study: Analytical Software Tutorial (1 credit)

Introduction to software relevant to the above described coursework:  Excell + Argus

re • Invigorate Your Mind

with Instruction from Acclaimed Faculty

Professor Buckley formerly directed Columbia University’s Master of Science in Real Estate Development Program and heads the Center for High Density Development. As president of Halcyon Ltd., a development advisory firm, he has an international reputation for mixed-use retail and strategic planning for underutilized sites such as Washington’s SE Federal Center, Moscow’s Manezhnaya complex, Puerto Rico’s El Triangulo Dorado Plan and the new Oso BlancoScience City. A former trustee of the Urban Land Institute (ULI) and chairman of the Urban Mixed-Use Council, Professor Buckley ran the ULI Program Committee and is now responsible for the Affinity Groups at the Pension Real Estate Association conferences. He holds Bachelor of Arts and Bachelor of Science degrees from Rice University and a Master’s Degree in Advanced Studies from the Massachusetts Institute of Technology. He is a board member of the Association of Foreign Investors in Real Estate and of Interlink Group in Puerto Rico, past president of the Connecticut Society of Architects, and the author of numerous articles on mixed-use retail and urban revitalization.

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.

Other College of Business faculty will provide additional instruction, as warranted, within the courses offered by the School of Architecture. A diverse group of professionals with adjunct instructional appointments drawn from the Dallas-Fort Worth region will supplement the UT Arlington faculty.