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  • 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


    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


  • Our Mission StatementHomburg Academys 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


  • 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


    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


    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.


  • 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;


    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.


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


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

    management, including well-developed strategic planning