This course teaches the fundamentals of real estate finance, management, and development. Lectures and supplemental videos introduce students to the full range of financial analysis skills and analytical processes for evaluating private and public development and investment in real estate. Discussions link real world investment decisions to broader questions of policy and stakeholder interests. Case studies require students to use the skills to make decisions in realistic situations.. Major property types and land uses are covered, as well as all stages of the development process, including site selection, market analysis, financial feasibility, design and legal considerations, construction, lease-up, operations, and sale of the final product. This course assumes no background familiarity with real estate but covers the full range of topics offered in 5204.