Real estate professionals tired of griping about the market may want to try the scientific approach.
The latest lineup of professional education courses at MIT’s Center for Real Estate offers high-tech strategies to help real estate practitioners jumpstart their projects and boost sales.
“We have a couple of new classes we’re trying this year that showcase what the Center for Real Estate is really all about — leveraging science and developing innovation,” said Aruna Joglekar, the center’s assistant director for professional education.
Showcasing the center’s intellectual, multidisciplinary approach to real estate, the curriculum includes sessions on:
Incorporating technology into real estate and community building practices to create “smart buildings” and communities.
Using spatial analysis software to pinpoint a location where an urban retail project is most likely to succeed.
Crafting green strategies related to “innovations in green finance, net-zero energy, micro-district utilities and the emerging fields of biomimetic and biophilic design.”
“It’s really about rethinking the way you do real estate business,” Joglekar said.
Other classes likely to fill up quickly include several that discuss new financial strategies for cash-strapped developers, she said.
“Accessing Capital: Tax Credits & Other Programs,” for example, focuses on the New Markets Tax Credit program, which has helped deploy more than $30 billion in capital in the past two years.
“The biggest challenge a project faces is really about the lending slowdown,” Joglekar explained. “There are a lot of tax credits and innovative programs out there. You just need to know how to access them.”
All seats will also likely be filled for the course labeled: “Buy, Sell, or Hold: Real Estate Portfolio Management Today,” she said.
“It’s about managing your portfolio in the current economic environment,” Joglekar commented. “What do you need to be doing differently? Should you be buying, selling or holding?”
The short courses are intensive one- to three-day seminars at the center’s Cambridge Professional Development Institute. Attendees include senior managers, architects, developers, property managers, attorneys, appraisers, entrepreneurs, project managers, construction managers and town planners.
Short courses start June 6, with fees ranging from $500 to $3,000 a class. Attendees can register online here.





