Academics

Empowering Communities Through Real Estate Development

Course Number: 
GAFL 500
Instructor: 

Semester: 

  • Spring 2018
Course Format: 
On-Campus
On-Campus
On-Campus Day(s): 
Wednesday
On-Campus Time: 
2:00pm - 5:00pm
Course Description: 

This course introduces students to residential and commercial real estate development and its inherent risks and benefits.  By understanding the development process, students will be better able to enact public policy that promotes the advantages brought by development while slowing gentrification.   Using the successful Jumpstart Germantown model, students will learn the 7 JumpSteps of real estate development:

1.    Create a Development Strategy & Identify Your Team
2.    Source a Property 
3.    Do Your Due Diligence
4.    Find Your Financing 
5.    Develop, Design, and Procure Permits 
6.    Customize Construction 
7.    Lease/Sell Your Property

Jumpstart is a successful alternative to the boom and bust cycle of real estate development by encouraging slow growth, scattered site development, and a mix of price points - all of which act to slow gentrification and encourage healthy development that sustains and attracts real economic diversity.   This course will include presentations by experts in the real estate industry, in-class discussions and projects, and a visit to a local construction site.  Students interested in becoming real estate developers or wanting to learn the ins and outs of the development process will benefit from this course.

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Contact Information

Fels Institute of Government
University of Pennsylvania
3814 Walnut Street
Philadelphia, PA 19104

Phone: (215) 898-2600
Fax: (215) 746-2829

felsinstitute@sas.upenn.edu