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

Master in Real Estate and Project

ManagementOnline & Campus Study

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 and Project Management (Online and campus study)This is an exciting opportunity for students of the Homburg Academy to earn a Master of Real Estate

with a concentration in Project Management, while spending two semesters at Boston University in

Brussels, Belgium.

Combining an advanced education in Real Estate with the principles of Project Management equips

students with the insight, knowledge, and skills they need to manage complex real estate development

projects. Upon completion, students will be prepared for Project Management Institute (PMI®)

certification exams, including:

• CAPM(CertifiedAssociateinProjectManagementCertification)

• PMP®(ProjectManagementProfessionalCertification)

Program Structure

The Master of Real Estate and Project Management requires students to study at Boston University’s

Brussels campus for two semesters where they enrol in the Graduate Certificate in Project Management

program.

The curriculum in Brussels immerses students in methodologies of effective communication and

leadership through case studies and project simulations. Students will learn essential project management

principles which will be a complement to their online courses from the Master in Real Estate.

MRE AND PROJECT MANAGEMENT

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

Specialist Courses on Campus(compulsory)

Program and Project Management

Project Leadership and Communications

Project Risk and Cost Management

Program Management and Planning

Program Monitoring and Evaluation

Seminar: Communication, Facilitation and Presentation

(replaces Project Leadership and Communications)

Elective Courses(students choose 3)

International Real Estate

Challenges and Strategy in Real Estate

Strategic Negotiation

The Financial Crisis and International Financial Regulation

Intercultural Management

Strategic Management

The program aims to:

1. Understand the importance, role, and impact of property and the built environment in a wide range of

facets of modern society;

2. Understand the processes and principles of project management such that the student can display

independence in the management of projects;

3. Gain the skills and knowledge necessary to establish the schedule, priorities and deadlines; to establish

resource requirements including the multi-functional project team; to establish the project framework;

to establish the work breakdown and flow structure, and to understand the importance of assigning

ownership to each task;

4. Understand the importance of risk management plans and be able to plan the mitigation of risk, and

understand the importance of pro-active risk management;

5. Understand the critical role of communication within the project management process in dealing with

all stakeholders, including both internal and external constituencies;

6. Understand the development process as one that is inherently interdisciplinary, and draws, in different

stages of the development process, or cycle in the business strategy, on different kinds of knowledge

and understanding and different forms of subject specific skills;

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

sustainability, and environmental responsibility;

8. Be able to discriminate between forms of knowledge and be able to draw selectively and appropriately

on them.

MRE AND PROJECT MANAGEMENT

To complete this program, students follow the Core Courses of the Master in Real Estate online, plus the

courses in Brussels, and submit a final Dissertation. The following provides an overview of the courses

required for the Master in Real Estate and Project Management program:

Is this program for you?This unique program is for you if you would like to take a specialization in the Master of Real Estate that

leads to training recognized as preparatory for the examinations of the Project Management Institute.

This unique program enables you to manage complex Real Estate development projects and combines

the best in Real Estate training with specific courses in Project Management. This program is also for you

if you want to spend two semesters in Brussels, Belgium, the capital of Europe, where there are infinite

public lectures, discussions, debates, and also internship opportunities.

University PartnerPart of the program is taken online, while students spend two semesters on the campus of Boston Uni-

versity Brussels. Boston University Brussels campus is located in Brussels, the capital of Belgium, and also

the “Capital of Europe” as it is home to the institutions of the European Union and NATO headquarters.

In Brussels, world politics and businesses converge and create a unique learning opportunity for students.

The metropolitan area is home to over 1.8 million people, making it the largest city in Belgium. The archi-

tecture in Brussels ranges from medieval to postmodern constructions.

MRE AND PROJECT MANAGEMENT

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.

Some fees are reduced to encourage students to send a semester abroad, either to gain an international

experience, or to take one of the degree programs that require a campus stay. These reduced fees are

meant to compensate for travel and living expenses. This fee reduction is provided in the form of a

credit on the student’s account, which is applied at the end of the program (to encourage students to

complete the program).

The cost to complete the Master in Real Estate and Project Management program is as follows:

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

FEES AND FINANCE

Program

MRE and Project

Marketing

(Online and

Campus)

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

Travel Bursary/

Fee credit

$155

Travel Bursary/Fee CreditIn accordance with the Academy’s fee policy, students may be eligible for a Travel Bursary from the

Homburg Academy for this program. Where the fee status of a student at our partner university

makes students eligible for a lower fee level, the Academy will reimburse students with the differential

in the form of a grant to help with travel and accommodation expenses. The individual student’s fee

status will determine the applicable fee, so interested applicants are requested to contact us about

individual circumstances.

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.

Additional costs

The 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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