Homburg Academy

• Master Degrees

• Executive Master Degrees

• Postgraduate Diploma

• Postgraduate Certificate

International University-Level Real Estate Education

W W W . H O M B U R G A C A D E M Y . O R G

OnlineMaster of

Real Estate

Welcome

Welcome to Homburg Academy, a new approach to real estate education, with a long

history of real estate experience.

The Homburg Group is a multi-billion dollar real estate conglomerate operating

in the Baltic States, Canada, Germany, the Netherlands, Switzerland, and the USA.

Founded more than 40 years ago, the Group is involved in a wide range of real estate

activities, including asset management, new construction and development, real estate

investment, property management, real estate finance, and insurance.

We also have a passionate interest in building intellectual capital. Since

2008, the Homburg Global Education Project has been researching and

developing cutting-edge university-level programs, and building two new

academic institutions to deliver specialized real estate education around

the world. Our two institutions are the Homburg Academy Switzerland,

which grants degrees and other qualifications, and the Homburg

Institute Canada, which concentrates on professional development and

research.

The goal of Homburg Academy is to combine our experience and knowledge with

that of the top academics and industry experts from around the world. And instead of

a bricks and mortar university, our structured programs reach students in innovative

ways by means of a cutting-edge online learning environment, summer schools, and

study semesters at partner university campuses.

Our world-class real estate programs, which lead to Masters degrees and Diploma

and Certificate qualifications, combine academic excellence, immediate professional

application and an unparalleled student experience.

Read on and discover the many advantages of joining the Homburg Academy. We

welcome diversity in student backgrounds and experience, and we encourage

applicants from across the globe to join our programs.

Dr Richard Homburg

Founder and Executive Chairman, Homburg Group

Chair of Council, Homburg Academy

WELCOME

Our Mission StatementHomburg Academy’s mission is to advance the science and knowledge of real estate by fostering innovation, original discovery, and new insights into all aspects of the built environment and to promote the dissemination of knowledge through professional development training and education courses.

Statement of Corporate GovernanceThe Homburg Group adheres to the highest standards of corporate governance. Its companies are subject to the oversight of eight different regulatory bodies. The CANMARK Real Estate Investment Trust (formerly the Homburg Real Estate Investment Trust) is listed on the TSX Toronto Stock Exchange.

Members of the Homburg Academy Council

Chancellor: Mr Michael H. Arnold, CA

Chair of Council: Dr Richard Homburg, Dr.hon.causa

President and Vice-Chancellor: Dr Jarrod Wiener, PhD

Chair of Academic Advisory Board: Dr Tom Geurts, PhD

Faculty Representative, Chair of Student Committee: Dr Georgia Warren-Myers, PhD

External Members: Dr Jamie Shea, PhD. Deputy Assistant

Secretary-General, North Atlantic Treaty

Organization (NATO)

Mr Philip Homburg, PhD Candidate,

Philosophy, University of Sussex, UK

Drs J.R. Stolle

Academic Advisory Board

Dr Tom G. Geurts, Georg Washington University, USA

Dr Mihnea Constantinescu, Swiss Finance Institute, University of Zurich, Switzerland

Dr Franz Fuerst, Henley Business School, University of Reading, England

Dr Ingo H. Holz, Berlin Institute of Technology, Germany

Dr Piotr Lorens, Gdansk University of Technology, Poland

Dr Leo Uittenbogaard, Amsterdam School of Real Estate, Amsterdam, the Netherlands

University Administration

President, Vice Chancellor: Dr Jarrod Wiener, PhD

Learning Manager: Mr Brenton Ives

Recruitment Officer: Ms Jillian Bellamy

Communications & Marketing Ms Amanda Morrison

OUR MISSION STATEMENT

Meet, debate, consult. Online

The Homburg Master in Real Estate (Online)Success in the fast-paced world of Real Estate requires the knowledge to conceptualize a winning

project, the ability to strategize business and finance options, and the capacity to translate technical

advice from architects, builders, designers, engineers, lawyers, planners, and a host of others into

action. Leading such a diverse group of technical experts to achieve your vision of the future means

you need to be more than just a business school graduate. You need to be a Master of Real Estate.

Mastering Real Estate requires a well-rounded education, and that means inter-disciplinary study

is not just desirable, it is unavoidable. The challenge is harnessing the subjects as diverse as Urban

Economics, Business Negotiation, and Corporate Finance and directing those insights into usable

knowledge.

While each of our programs follows our core philosophy, we also recognize that the educational

needs of the recent graduate are different than the needs of the experienced professional. The

Master of Real Estate is intended for the recent graduate who has little to no professional Real Estate

experience.

Program Structure

The Master in Real Estate (MRE) is made up of 15 courses (20 credits each) for a total of 300 credits

consisting of 3,000 notional hours of study (See the Academic Regulations for complete degree

requirements). Students are able to complete this program in 2 years by studying full- time. There is

also considerable flexibility in the part-time program to accommodate working schedules, enabling

students to accumulate credits over a period of up to six years.

The Master in Real Estate program is made up of two stages. Core and Elective Courses are available

in Stage 1, on satisfactory completion of which students progress to the final research component, the

Dissertation, in Stage 2.

In Part 1, Core Courses are compulsory and Elective Courses are available among a number of

alternatives which enables students to choose courses in their area of interest, to tailor the program

to their career objectives. Part 1 is capped by a “Capstone Course” in which students work in groups

to complete a project, usually the critical analysis of a case study. This is intended to enable students

to bring together the skills learned in the courses.

As an academically rigorous program that also prepares students for independent academic study,

the course in Data Analysis and Critical Thinking is included to ensure students are trained in the

quantitative and qualitative methodologies of social science, as they are required to undertake an

academic-oriented Dissertation in Stage 2 of their program.

MASTER OF REAL ESTATE

Core Courses(compulsory)

The Development Process

Urban Economics

Ethics and Responsibility for the Real Estate Firm

Introduction to Urban Development and Planning Capstone Case Study

Research in Real Estate Business

Data Analysis and Critical Thinking

Elective Courses(students choose 3)

Corporate Finance

Real Estate Finance

Real Estate Accounting

Risk and Portfolio Management

Capital Markets

Appraisal of Real Estate

Project Management

International Real Estate

Challenges and Strategy in Real Estate

Strategic Negotiation

The Financial Crisis and International

Financial Regulation

Intercultural Management

Strategic Management

Stage I must be completed satisfactorily in order to progress to Stage II the independent project.

Learning Objectives

The program aims to:

1. Provide students with both a research-active and professionally-oriented teaching environment;

2. Examine how a Real Estate project/development emerges, how it is conceived, financed, managed, and

used, in the context of prevailing business/economic, and social/demographic structures;

3. Ensure that students acquire a solid understanding of academic research methods as well as qualitative

and quantitative methodologies in general in the social sciences;

4. Ensure that students acquire a solid, interdisciplinary knowledge of theories and methods relevant

to sound decision-making in the planning and execution of Real Estate project, encompassing, inter alia,

economic, management, sociological, and cultural approaches;

MASTER OF REAL ESTATE

In sum, the MRE program provides an advanced training, by way of coursework, in the general methods,

scope, theories, and findings in the disciplines relevant to Real Estate. It also includes integrative capstone

courses, case studies, group work, and an independent research component - the Dissertation. This

enables students to utilize the knowledge and skills they have acquired when dealing with specific issues

and problems.

Courses

The following provides an overview of the courses required for the Master in Real Estate program:

MASTER OF REAL ESTATE

5. Ensure that students acquire the necessary skills for advanced project assessment, execution, and

management, including well-developed strategic planning and exit strategies;

6. Develop good understanding of the ethical issues in the Real Estate industry, including issues of

sustainability, and environmental responsibility;

7. Develop students’ general research skills and personal skills (transferable skills).

Is this program for you?This program is for you if you want a

career in Real Estate Development,

Real Estate Finance, Real Estate

Management, and you would like

the convenience and flexibility of

studying online. You are for us if

you can imagine a better way of

doing things, and want to explore

the way Real Estate can be, rather

than the focusing on the way Real

Estate is done today. Students

with imagination and the passion

to realize their aspirations for the

future are particularly welcome in

this program. Students who are able

to work independently and in groups

to complete the capstone case-study

and to complete the final dissertation

will find a rewarding program that

brings them in contact with peers all

around the world.

AdmissionsApplicants should possess a good class of degree (equivalent to a 3.0 GPA from a North American

university) from a recognized university, in any academic discipline. Applicants must also provide evidence

of competence in English. Candidates must also supply two letters of reference, ideally one of which

should be from a former professor.

There are no application fees.

Please visit homburgacademy.org/applications to find out more about applying to Homburg Academy.

Fees and FinanceCourse fees

The fee structure is simple. Each course costs $3000 CDN and there are no additional fees for

registration or examinations. Fees are payable when a student registers for each course. Annual pre-

payment or payment for the whole program at once entitles students to a discount.

The cost to complete the Executive Master in Real Estate and Finance program is as follows:

Program

MRE (online)

Minimum number

of courses

15

Total fee

($3000/Course)

$45,000

Less 2% for paying

annually in advance

$44,100

Less 5% for paying

for the whole

program in advance

$42,750

These fees are correct for 2011-12. Fees are reviewed each year, and are subject to change.

Deposit

There are no application fees, but once a student is accepted onto a program at Homburg Academy, a

deposit of $1,500 is requested to hold a student’s place. This deposit should be paid within 30 days. This

amount is then credited to the student’s account and is applied to the payment of the first course.

FEES AND FINANCE

Additional costsThe cost of any recommended textbooks and personal electronic equipment are not included in the

course fees and are the students’ responsibility.

If a student is required to attend a summer school, all costs for travel, accommodation and subsis-

tence are the student’s responsibility.

Scholarships and Bursaries

The Homburg Academy Council has created six Homburg Bursaries in the amount of $6,000 each

for 2012. If you are interested in applying for one of these, please visit homburgacademy.org/scholar-

ships-and-bursaries for further information.

FEES AND FINANCE

Homburg Academy FacultyOur interdisciplinary programs are taught by a multinational faculty of renowned professors and

lecturers, supervised by an international Academic Advisory Board comprising leading academics

from six countries. The Academy’s governing Council, comprising international industry leaders,

academics, and senior figures oversee the educational institution’s decision-making processes.

Our Faculty Members

Dr Alex Anas, MCP, BS, BA, MA, PhD

Professor of Economics, State University of New York at Buffalo

Teaches Urban Economics

Mr Christopher Caltabiano, BS, MS

Manager at AIG Asset Management Group, New York

Teaches Real Estate Accounting

Dr Ron Collins, BSc., MBA, PhD

University of Prince Edward Island, Canada (retired). Now lectures internationally.

Teaches Inter-Cultural Management and Strategic Management

Dr Mihnea Constantinescu, BA, MA, PhD

Scientific Director, Centre for Urban and Real Estate Management

Swiss Finance Institute, University of Zürich

Teaches Capital Markets

Dr Juan Armando Diaz, BA, MA, PhD

Director, CSS Project for Integrative Mediation

Berlin, Germany

Teaches Strategic Negotiation

Louise Gardiner, BA, MA

Cape Town, South Africa, and Washington D.C, USA

Teaches Ethics and Responsibility for the Real Estate Firm

Dr Tom Geurts, FRICS, BSc, MS, MS, PhD

George Washington University, USA

Chair of Homburg University International Academic Advisory Committee

Teaches Corporate Finance and Risk and Portfolio Management

HOMBURG ACADEMY FACULTY

John Hughes, FRICS, BA, MA

Chairman, Royal Institution of Chartered Surveyors, Canada

Toronto, Canada

Teaches Challenges and Strategy in Real Estate

Dr Charles O. Lerche III, BA, MA, PhD

Guadeloupe, French West Indies

Associate Program Director, School of Graduate Studies, Norwich University, Vermont, USA

Teaches Data Analysis and Critical Thinking and Research in Real Estate Business

Dr Piotr Lorens, PhD, DSc.

Professor and Head of the Department of Urban Design and Regional Planning, Faculty of

Architecture, Gdansk University of Technology, Poland

Member of the Homburg Academic Advisory Board

Teaches Introduction to Urban Development and Planning

A (Tony) Sevelka FRICS, AACI, CRE, MAI

President of International Forensic & Litigation Appraisal Services Inc

Toronto, Canada

Teaches Appraisal of Real Estate

Dr Michael Taylor, BA, LLM, DPhil

Advisor to the Governor of the Central Bank of Bahrain

Teaches The Financial Crisis and International Financial Regulation

Dr Georgia Warren-Myers

Lecturer in Property and Real Estate

Deakin University, Australia

Teaches The Development Process

Dr Jarrod Wiener, BA, MA, LLM, PhD

Vice-Chancellor, Homburg Academy Switzerland

Teaches International Real Estate

HOMBURG ACADEMY FACULTY

H O M B U R G A C A D E M Y - B U I L D I N G F U T U R E S

Homburg Academy Switzerland AG

c/o Homburg Swiss AG

Zürichstrasse 147

8700 Küsnacht ZH

© 2011 Homburg, Inc. All rights reserved

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