Urban Real Estate and Development Minor

This seven course minor, co-sponsored by Real Estate (Wharton) and Urban Studies (Arts and Sciences), is designed to enable students to combine an interest in Urban Studies and Real Estate Development.

Non-Wharton students:
Write to urbs@sas.upenn.edu, and we will schedule you to meet with Elaine Simon, who is the Advisor for the Real Estate Minor. In the meeting, you and the advisor will use Penn-In-Touch and the Real Estate Minor Proposal Form to go over the requirements and learn how they fit together in a sequence. You will also have a chance to ask questions and clarify your interests. Your minor will not be formally declared until after meeting with an advisor and receiving approval.

The minor consists of seven courses as specified below:

Non-Wharton students must take two core Urban Studies courses, plus one elective from the following list (3 CUs)

(Please note - Other courses may be considered only with prior approval from the Urban Studies advisor)

URBS Core courses (2 CUs):
  URBS 104 The Transformation of Urban America
  URBS 204 Urban Law
  URBS 450 Urban Redevelopment

URBS Elective Courses (3 CUs):
  URBS 203 Intro to City Planning: Planning Urban Spaces
  URBS 253 Cities, Suburbs, Regions
  URBS 290 Metropolitan Nature
  URBS 415 Urban Real Estate Markets
  URBS 440 Introduction to City Planning
  URBS 451 The Politics of Housing and Community Development
  URBS 452 Community Economic Development
  URBS 476 Urban Housing and Community Development Policy in America

Non-Wharton students must take two core Real Estate courses, plus two Real Estate electives from the following list (4 CUs)

REAL Core Courses (2 CUs):
  REAL/LGST 204 Real Estate Law, Financing and Development
  REAL 215 Urban Real Estate Economics
  REAL/BEPP 230 or ECON 237 Urban Fiscal Policy

REAL Elective Courses (2 CUs):
  REAL 205/705 Global Real Estate: Risk, Politics, and Culture
  REAL 208 Housing Markets
  REAL/FNCE 209 Real Estate Investments
  REAL/BEPP 236 International Housing Comparisons
  REAL 321 Real Estate Development
  REAL 240 Advanced Real Estate Investment and Analysis
  ARCH 762/CPLN 643 Design & Development
 

Courses so marked have prerequisites

Notes for Non-Wharton students: If you are considering the Urban Real Estate & Development minor, keep in mind the following guidelines as you plan out your undergraduate career:

  • College students considering the minor must take Economics 1 and 2 before any Wharton course work is undertaken. 
     
  • College students may count up to four courses outside of the College of Arts & Sciences towards the total number of CUs required for graduation. The Wharton courses you take for the minor are counted towards the 4 course limit.
     
  • The minor should be declared by the end of the junior year, to take advantage of faculty advice.
     
  • For Urban Studies Majors - No more than three courses counted for the minor may also be included in the student's major or concentration.
     
  • Because of enrollment priorities set by Wharton/the REAL department, seats are limited for Non-Wharton students. You may have to seek permission to register for these Wharton courses. Contact the professor to request a permit.
     
  • Some of the Wharton classes require prerequisites. FNCE100 is a prerequisite for REAL209, but it is not counted toward the minor. In some cases, FNCE100 may be waived with the approval of the professor of the course when you seek a permit for registration. Your status as a URRE minor and prior experience in internships, etc. will be considered.
     
  • ECON 1 and 2 will not be waived as required to undertake this minor.

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Wharton students:
The advisor in the Wharton School is Todd Sinai. Please contact Dr. Sinai to make your appointment to declare the minor.

Wharton students must take two core Urban Studies courses, plus two electives from the following list (4 CUs)

URBS Core courses (2 CUs):
  URBS 104 The Transformation of Urban America
  URBS 204 Urban Law
  URBS 450 Urban Redevelopment

URBS Elective Courses (2 CUs):
  URBS 203 Intro to City Planning: Planning Urban Spaces
  URBS 253 Cities, Suburbs, Regions
  URBS 290 Metropolitan Nature
  URBS 415 Urban Real Estate Markets
  URBS 440 Introduction to City Planning
  URBS 451 The Politics of Housing and Community Development
  URBS 452 Community Economic Development
  URBS 476 Urban Housing and Community Development Policy in America

Wharton students must take two core Real Estate courses, plus one Real Estate elective from the following list (3 CUs)

REAL Core Courses (2 CUs):
  REAL/LGST 204 Real Estate Law, Financing and Development
  REAL 215 Urban Real Estate Economics
  REAL/BEPP 230 or ECON 237 Urban Fiscal Policy

REAL Elective Courses (3 CUs):
  REAL 205/705 Global Real Estate: Risk, Politics, and Culture
  REAL 208 Housing Markets
  REAL/FNCE 209 Real Estate Investments
  REAL/BEPP 236 International Housing Comparisons
  REAL 321 Real Estate Development
  REAL 240 Advanced Real Estate Investment and Analysis
  ARCH 762/CPLN 643 Design & Development
 

Courses so marked have prerequisites

Notes to Wharton students:  You must take at least 5 REAL courses to fulfill primary REAL concentration requirements.