Total Credits
19–21Related Credentials
-
Cost
Why Real Estate Expertise Matters
Real estate touches every aspect of life, whether it’s where we live, work, shop, create, eat, sleep or travel. Developing and managing commercial real estate is a critical function in the global economy.
Beyond blueprints and bricks, successful commercial real estate development demands vision, market insight, financial acumen, project management, and a solid understanding of legal and property rights issues. Effective facility management also requires a strong focus on safety, sustainability and operational efficiency.
A Minnesota-Focused Minor
The Real Estate Development and Management Minor is available to any student currently enrolled in an undergraduate degree program at the University of Minnesota.
Minnesota-focused, the minor equips you with the comprehensive skills needed to thrive in this dynamic field. Whether you aspire to become a commercial developer, property manager or real estate investor, this program provides the tools to create and manage spaces that meet evolving market demands.
Key Learning Outcomes
- Commercial Real Estate Planning and Development Fundamentals: Gain a foundational understanding of real estate markets, trends and development strategies tailored to Minnesota’s unique landscape.
- Financial and Market Projections: Apply detailed financial models and market analyses that support profitable and sustainable real estate projects.
- Project Cost Estimation and Scheduling: Develop skills in cost estimating, project planning and scheduling to deliver projects on time and within budget.
- Facility Assessment and Performance Evaluation: Assess the functionality and performance of existing facilities to identify opportunities for improvement and value enhancement.
- Real Estate Asset Ownership and Management: Understand the principles of owning and managing commercial real estate assets to maximize their operational and financial performance.
Why Choose This Program?
- Minnesota Market Focus: Explore the unique challenges and opportunities in Minnesota's commercial real estate market, from urban developments in the Twin Cities to suburban and rural projects throughout the state.
- Expert Instruction: Learn from seasoned professionals with extensive experience in real estate development, finance, and facility management.
- Practical Application: Gain hands-on experience through case studies, project-based learning and real-world applications.
- Career Advancement: Prepare for roles in development, asset management, property investment, and more.
Related Programs
Required Courses (19–21 credits)
| Course Number | Course Name | Credits |
|---|---|---|
| CMGT 3011* | Construction Plan Reading | 2 |
| CMGT 4021 | Intro to Construction Planning and Scheduling | 2 |
| CMGT 4022 | Intro to Construction Estimating | 2 |
| ABUS 4213 | Owning and Managing a Building | 2 |
| ABUS 4217 | Real Estate Development: Process and Tools | 2 |
| ABUS 4218 | Real Estate Finance | 2 |
| CMGT 4215 | Assessing Building Function and Performance | 2 |
| CMGT 4861 | Capstone | 3 |
| ELECTIVES | Choose from the list below** | 2–4 |
*CMGT 3011 Construction Plan Reading or an equivalent course, or proficiency in construction plan reading, is a prerequisite for several courses in the certificate. In consultation with the faculty director or academic advisor, this course may be waived and substituted with an elective course, if appropriate, resulting in a minimum total of 19 credits.
**Complete 1–2 course(s) and earn 2–4 credits from the following electives:
- Building and Running a Small Business Enterprise (ABUS 4501, 4 cr.) Online may be available
- Introduction to Marketing (ABUS 4701, 3 cr.) Online may be available
- Real Estate Law (BLAW 3059, 2 cr.)
- Introduction to Construction (CMGT 3001W, 3 cr.) Writing Intensive
- Construction Technology Applications (CMGT 3009, 1 cr.) Online may be available
- Facility Programming and Design (CMGT 3024W, 2 cr.) Writing Intensive
- Construction Documents and Contracts (CMGT 4011, 3 cr.) Online may be available
- Building Codes for Construction Managers (CMGT 4073, 1 cr.) Online may be available
- The Healthy Building (CMGT 4302, 3 cr.) Online may be available
- Sustainability for Construction Managers (CMGT 4471, 2 cr.)
- Geography of the Twin Cities (GEOG 3973, 3 cr.) Social Sciences
Course Catalog | Course descriptions and prerequisites
Class Schedule | Courses details by semester
Admission
Admission Requirements
Applicants should have 30 or more transferable credits and a minimum 2.5 GPA.
Admissions Advising
Meet Jeff Olsen Krengel
I work with prospective students interested in our undergraduate applied science majors and those who want to design their own degree program. I’m available to answer your questions and help you find a program that meets your needs.
In my free time, I can be found reading, running with my son, or visiting a brewery. I am an avid sports fan cheering for the Green Bay Packers, Minnesota United FC, and Liverpool FC.
Give me a call at 612-625-4340. Or you can send me a message or request an appointment below.