buildingThis 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. The minor consists of seven courses. Four are required and three may be selected from a list of approved courses in consultation with the student's home school advisor.

The advisor for the students in the College of Arts and Sciences is Elaine Simon.

The advisor in the Wharton School is Susan Wachter.

Please note - the following course lists are not exhaustive. Other courses may be considered with prior approval from the department. Also, students considering the minor must take Economics 1 and 2 before any Wharton course work is undertaken. Keep in mind that some of the Wharton classes also have other prerequisites for which the students have responsibility of fulfilling. Current prerequisites are noted. Students are strongly advised to confirm the prerequisites by checking the University Course Register.

Note for School of Arts and Sciences students: Wharton courses may be counted towards your 4 course limit on classes taken outside of the School of Arts and Sciences. Please plan accordingly.

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):

*URBS 104 The Urban Crisis
*URBS 204 Urban Law
URBS 253 Cities, Suburbs, and their Regions
URBS 272 Architecture, Location, and Class
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
URBS 622 Introduction to Property Development


COLLEGE students must take two of the starred (*) Real Estate courses plus two others from the following list (4 total).
WHARTON students must take two of the four starred (*) Real Estate courses plus one other from the following list (3 total).
Wharton students who are concentrating in Real Estate must take a total of five Real Estate courses.

*REAL/LGST 204 Real Estate Law, Financing and Development
*REAL/BPUB 206 Urban Public Policy and Private Investment
REAL 208 Housing Markets
*REAL 215 Urban Real Estate Economics ◊
*REAL/BPUB 230 Urban Fiscal Policy ◊
REAL/FNCE 209 Real Estate Investments
REAL/BPUB 236 International Housing Comparisons (prerequisite: FIN 101)
ARCH 762/CPLN 643 Design & Development
REAL 821 Real Estate Development 


◊ Previous coursework in FNCE, ECON, or STAT is strongly recommended. See advisor for details and list of applicable classes.


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. Many students experience difficulty enrolling in REAL/FNCE 209. The Finance Department will keep a wait list for FNCE 209 so it is advisable to contact them if interested in this class.
  4. Courses (other than those marked as required) may be substituted at the discretion of the advisors.

You may fill out the Urban Real Estate and Development Minor Proposal Form to begin the process of enrolling in the minor. Your minor will not be formally declared until after meeting with an advisor and receiving approval.