Program Description
The Real Estate Minor for Non-Nolan undergraduates prepares students for careers in the commercial real estate industry amidst ongoing changes in both the U.S. and international capital markets and the nature of real estate ownership. This field of study focuses on various career paths, including real estate investment, development, mortgage lending and finance, asset and property management, consulting, structured finance, and real estate transaction support. Cornell University is renowned for its expertise in commercial real estate, offering a strong foundation for a rewarding career in the field.
The Real Estate Minor consists of three essential components: coursework, connections, and careers. These components synergistically equip students with the necessary knowledge, skills, and networking opportunities to thrive as real estate professionals. Graduates of the program can pursue various positions, including asset management analyst at a Real Estate Investment Trust (REIT), acquisitions analyst at a real estate private equity fund, financial analyst at a Wall Street firm or real estate brokerage, an associate at a Real Estate Advisory or Consulting firm, loan origination and underwriting roles at commercial and investment banks, and acquisitions analysis positions at pension fund advisors. Moreover, the minor provides a strong foundation for further career development in the real estate industry.
Eligibility
The minor is available to any undergraduate degree candidate at Cornell University who has completed their first year. Requirements for students in the Nolan School of Hotel Administration are different from requirements for students in other undergraduate units. Nolan School students should look at Real Estate Minor for Nolan School Undergraduate Students.
Academic Policies
All courses must be taken for a letter grade unless the course is offered SX/UX only. A minimum 3.0 cumulative GPA at Cornell University is required, both at application and upon completion of the minor. A minimum of 3.2 cumulative GPA in the 18 credit hours taken toward the minor is required at graduation for the real estate minor to be awarded.
Minor Requirements
Foundation Courses
This minor requires 3 credits in a financial accounting course, 3 credits in a finance course, HADM 4200 Principles of Real Estate, and either HADM 4230 Hospitality Real Estate Finance or HADM 4280 Real Estate Finance and Investments.
Note: Students must take a financial accounting course and a finance course prior to taking HADM 4200 Principles of Real Estate. Students may then choose either HADM 4230 Hospitality Real Estate Finance or HADM 4280 Real Estate Finance and Investments.
Financial Accounting (3 Credits Minimum Required)
One of the following courses is required:
Course List Code | Title | Hours |
AEM 2210 | Financial Accounting | 3 |
AEM 2225 | Financial Accounting For Dyson Majors | 4 |
HADM 2230 | Financial Accounting Principles | 3 |
ORIE 3150 | Financial and Managerial Accounting | 4 |
Finance (3 Credits Minimum Required)
One of the following courses is required:
Elective Course Requirements
There are two sets of elective courses: Real Estate Enrichment electives and Real Estate Complementary Skills. Non-Nolan School students will need to complete at least three credits from the Real Estate Enrichment Electives course list and at least 3 credits from the Real Estate Complementary Skills Electives course list for a minimum total of 6 credits of elective coursework.
Real Estate Enrichment Electives (3 Credits Minimum Required)
Course List Code | Title | Hours |
HADM 4205 | Real Estate Financial Modeling | 3 |
HADM 4230 | Hospitality Real Estate Finance 1 | 3 |
HADM 4250 | Securitization and Structured Financial Products | 3 |
HADM 4255 | Real Estate Development | 3 |
HADM 4271 | Investment in Real Estate Securities and Funds | 3 |
HADM 4280 | Real Estate Finance and Investments | 3 |
HADM 4515 | Hospitality Visioning and Concept Design | 3 |
HADM 4570 | Project Management for Hospitality Real Estate Development | 3 |
HADM 4580 | | 3 |
HADM 6520 | Hospitality Asset Management | 3 |
Real Estate Complementary Skills Electives (3 Credits Minimum Required)
Course List Code | Title | Hours |
HADM 3055 | Hospitality, Health and Design Industry Immersion Seminar | 1 |
HADM 3230 | Introduction to Investments | 3 |
HADM 3235 | Corporate Finance | 3 |
HADM 3510 | Hospitality Facilities Design | 3 |
HADM 3880 | Law for Hotel Owners and Operators | 3 |
HADM 4110 | Negotiations in the Hospitality Industry | 3 |
HADM 4270 | Fixed Income Analysis | 3 |
HADM 4290 | | |
HADM 4500 | Sustainable Development | 4 |
HADM 4530 | Foodservice Facilities Design | 3 |
HADM 4760 | Visual Basic for Applications: End-User Programming | 3 |
HADM 4770 | Advanced Business Modeling | 2 |
HADM 4870 | Real Estate Law | 3 |
HADM 6240 | Analysis of Financial Statements | 3 |
AEM 3520 | Financial Statements Analysis | 3 |
AEM 4060 | Risk Simulation and Monte Carlo Methods | 3 |
AEM 4110 | Introduction to Econometrics | 3 |
AEM 4210 | Futures, Options and Financial Derivatives | 3 |
AEM 4260 | Fixed-Income Securities | 3 |
AEM 4280 | Valuation of Capital Investment | 3 |
AEM 4500 | Resource Economics | 3 |
AEM 4534 | Federal Income Taxation of Real Estate Ventures | 3 |
AEM 4570 | Corporate Finance | 3 |
AEM 4670 | Investments | 3 |
CEE 5950 | Construction Planning and Operations | 3 |
CRP 3270 | Regional Economic Impact Analysis | 3 |
CRP 3430 | Affordable Housing Policy and Programs | 3 |
CRP 3840 | Green Cities | 3 |
CRP 3850 | Special Topics in Planning | 1-4 |
CRP 4040 | Urban Economics | 3 |
CRP 4080 | Introduction to Geographic Information Systems (GIS) | 4 |
CRP 4590 | Land Use Law | 3 |
CRP 5080 | Introduction to GIS for Planners | 4 |
CRP 5190 | Urban Theory | 4 |
CRP 5320 | Real Estate Development Process I | 1.5 |
CRP 5321 | Real Estate Development Process II | 1.5 |
CRP 5530 | Land Use and Spatial Planning Methods | 4 |
CRP 5560 | Creating the Built Environment | 1.5 |
CRP 6560 | Real Estate Transactions and Deal Structuring | 3 |
CRP 6580 | Residential and Commercial Development | 4 |
CRP 6595 | Special Topics in Real Estate | 1-4 |
DEA 3530 | Planning and Managing the Workplace: Evidence-Based Design and Organizational Ecology | 3 |
ECON 3120 | Applied Econometrics | 4 |
ECON 3140 | Econometrics | 4 |
NBA 5060 | Financial Statement Analysis | 1.5 |
NBA 5110 | Financial Modeling | 1.5 |
NBA 5420 | Investment and Portfolio Management | 3 |
NBA 6730 | Derivatives Securities Part I | 1.5 |
ORIE 4630 | Operations Research Tools for Financial Engineering | 4 |
ORIE 5582 | Monte Carlo Methods in Financial Engineering | 2 |
ORIE 5600 | Financial Engineering with Stochastic Calculus I | 4 |
ORIE 5610 | Financial Engineering with Stochastic Calculus II | 4 |
PUBPOL 3100 | Multiple Regression Analysis | 4 |
PUBPOL 3250 | Neighborhoods, Housing, and Urban Policy | 3 |