Program Overview

Real Estate Development Fundamentals

This program is designed to introduce participants to the primary steps in the real estate development process, using examples from various asset types and discussing globally applicable principles. The program is an excellent introduction to real estate development for entrepreneurs just starting in the business or joining an existing real estate development team, as well as professionals adjacent to the real estate development business.

Program Overview

The program covers the primary steps in the real estate development process, including:

• Identifying development opportunities
• Defining financial objectives and the development program
• Preparing project schedules and budgets
• Undertaking feasibility studies incorporating zoning, environmental, design, market, and economic factors
• Evaluating risks and rewards and defining risk management strategies
• Defining site selection criteria and gaining site control
• Negotiating required entitlements
• Assembling and managing the development team
• Creating the appropriate legal ownership entity structure
• Securing debt and equity financing
• Managing the design and construction process
• Marketing the asset
• Managing the completed asset, including both property management and asset management

Learning Objectives

The program aims to help participants:

• Understand the role of the developer in the real estate development process
• Identify and understand the key stages and steps in the real estate development process
• Evaluate the potential risks and rewards associated with real estate development
• Appreciate the similarities and differences of the real estate development process among varied asset types
• Understand the importance of a project’s “Cap Rate” as a critical financial measure of return
• Recognize the skill, personality, and skill characteristics that successful real estate developers often share

Who Should Attend

The program is designed for:

• Beginning or potential real estate development entrepreneurs
• Design, engineering, construction, legal, permitting, financing, marketing, or property management professionals who are members of a real estate development team
• Public regulatory officials responsible for reviewing and approving proposed real estate developments

Instructor

The program is taught by David Smith, Founder and CEO of the Affordable Housing Institute (AHI).

Program Details

• Duration: 2 days
• Date: June 9-10, 2026
• Time: 9:00 a.m.–05:00 p.m. Eastern
• Location: Harvard University Campus
• Tuition: $2,150 (save 10% with joint registration)
• CEUs: Pending
• AMDP Elective Units: 2

Participant Feedback

Previous participants have praised the program, stating that it provides a valuable introduction to real estate development and helps participants understand the key stages and steps in the process. The program has also been praised for its interactive and engaging approach, with participants appreciating the opportunity to learn from experienced instructors and network with peers.