Urban Real Estate and Development Minor

This 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.

Urban Studies is still able to declare your minor this semester! Just write to urbs@sas.upenn.edu, and we will schedule you to meet over the phone with Real Estate Minor Advisor Elaine Simon. In the meeting, try to have Penn InTouch open in front of you if possible, and you and Elaine will begin to fill out a Real Estate Minor Proposal Form that will orient you to the requirements and 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 advisor in the Wharton School is Susan Wachter.

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. 
  •  School of Arts and Sciences 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.
  • You will likely have to request a permit to register for most of the Wharton courses.  Contact the professor to request a permit.
  • Some of the Wharton classes require FNCE100 as a pre-requisite.  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 will be considered. ECON 1 and 2 will not be waived.

The minor consists of seven courses as specified below. Please note - the following course lists are not exhaustive. Other courses may be considered with prior approval from the Urban Studies advisor.

COLLEGE students must take two of the starred (*) Urban Studies courses plus one other from the following list
(3 total)

WHARTON students must take two of the starred (*) Urban Studies courses plus two more from the following list
(4 total)

WHARTON students who are concentrating in Real Estate must take a total of five Real Estate courses


*URBS 104 The Transformation of Urban America
 URBS 203 Intro to City Planning: Planning Urban Spaces
*URBS 204 Urban Law
 URBS 253 Cities, Suburbs, Regions
 URBS 290 Metropolitan Nature
 URBS 415 Urban Real Estate Markets
 URBS 440 Introduction to City Planning
*URBS 450 Urban Redevelopment
 URBS 451 The Politics of Housing and Community Development
 URBS 452 Community Economic Development
 URBS 476 Urban Housing and Community Development Policy in America

*REAL/LGST 204 Real Estate Law, Financing and Development
 REAL 205/705 Global Real Estate: Risk, Politics, and Culture
 REAL 208 Housing Markets
*REAL 215 Urban Real Estate Economics ◊
*REAL/BEPP 230 or ECON 237 Urban Fiscal Policy
 REAL/FNCE 209 Real Estate Investments
 REAL/BEPP 236 International Housing Comparisons
 REAL 321 Real Estate Development
 ARCH 762/CPLN 643 Design & Development

◊ Pre-requisites may be specified.  Consult the professor with questions about waivers.


Notes :

  1. For Urban Studies Majors - No more than three courses counted for the minor may also be included in the student's major or concentration.
  2. The minor should be declared by the end of the junior year to take advantage of faculty advice.
  3. Courses (other than those marked as required) may be substituted only with the approval of the advisors.