McCombs School of Business
Texas MBA

Finance
Specialization in Real Estate Finance

Students in this specialization receive training in urban land markets, real estate investment and finance, and urban development to accompany their general MBA education. Upon completion of this specialization, graduates are ready to assume responsible positions in areas such as development, real estate lending, real estate consulting, institutional real estate investment, and corporate asset management.

Students interested in real estate finance should enroll in RE 386.2, Real Estate Investment and Development, during the spring semester of their first year in the MBA program. This course prepares students for a summer internship with a real estate company during the summer between their first and second year in the MBA program. RE 386.2 would be the third elective available in the second semester and would be taken simultaneously with FIN 394.1 and FIN 397.1.

The real estate specialization is supported by a center in the Department of Finance, the Real Estate Finance and Investment Center. With the support of individuals and firms from the real estate and financial services industry, this center serves as the focal point for the development of the curriculum and research in the real estate finance field. For more information about CREF and the real estate specialization, see the center’s web site at http://cref.mccombs.utexas.edu/.

Curriculum Requirements
FIN 394.1 Advanced Topics in Corporate Finance
FIN 397.1 Investment Theory & Practice

Real Estate Block

RE 386.2 Real Estate Investment and Development
RE 386 Seminar in Real Estate Analysis - Equity Markets
RE 388 Seminar in Real Estate Analysis - Debt Markets
RE 386.2 is a prerequisite for Seminar in Real Estate Analysis. Serious real estate students are encouraged to take both 386 and 388 in the second year, but ONLY ONE of the 2nd year RE courses is required to specialize in the real estate finance concentration.

Accounting Block
ACC 380K.7 Financial Statement Analysis

Other Recommended Electives
LEB 380 Real Estate Law
CRP 389 Research in Development
FIN 394.5 Fixed Income Analysis

Link to Finance Specializations
Energy Finance
Private Equity Finance
Investment Management
Corporate Finance