8-Week Online Course
Sep 09 - Nov 10, 2024
In collaboration with 
Duration
8 Weeks
8 hr/week
Format
Online
Tuition
$4,800 USD
or $960/month
Enroll Now
Get the Brochure
View the full program syllabus as well as details on faculty, guest speakers and key learner benefits.
Get the brochure
View the full program syllabus as well as details on faculty, guest speakers and key learner benefits.
Early Registration Ends Aug 12, 2024 $200 Application Fee will be added after Aug 12.
Program overview
Level up your real estate investing career
Upon program completion, participants receive
a digital certificate issued by Wharton Online
Program Overview | Real Estate Investing & Analysis Certificate Program
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The world's most recognized
real estate investing certificate programLearn to analyze real estate investments, blending investment theory, with real world financial modeling and analysis as it is done at the world’s leading real estate investment firms.
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Learn institutional-grade real estate analysis
The barriers to entry in real estate are low but the barriers to success are high. Learn to approach real estate with an institutional lens that will differentiate you as both a professional and entrepreneur.
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Learn from world renowned faculty
and experienced real estate investorsYou'll learn directly from legendary faculty, industry practitioners and executives at some of the world's leading real estate firms.
Learn More
8-Week Real Estate Investing & Analysis Certificate Program
A unique collaboration with Wall Street Prep
Wharton Online has collaborated with Wall Street Prep, the real estate industry’s leading financial modeling training provider, to create a unique program that combines investing fundamentals taught by Wharton’s globally recognized faculty with rigorous, real-world skills taught by the industry’s top training provider. Wall Street Prep Real Estate clients include:
Wall Street Prep is a key part of the KKR Real Estate Analyst experience. One of the differentiating strengths of the WSP training program is its comprehensive real estate curriculum; spanning from the basics of real estate markets to real estate modeling across different industry segments. WSP instructors are seasoned real estate professionals with a wealth of practical knowledge.”
"We had an absolutely incredible experience working with Wall Street Prep. The Real Estate Financial Modeling training they offer is exceptional. WSP consistently delivers outstanding training, incorporating hands-on exercises and experienced instructors. We are thrilled about the chance to further collaborate and form partnerships with WSP in the future."
"Our experience with Wall Street Prep has been extremely positive. Their training provides a base that is essential in understanding the core skills of commercial real estate, and the fundamentals training lays the foundation for developing the technical capabilities needed to succeed in the industry."
Applicant profile
The Wharton & Wall Street Prep Real Estate Investing & Analysis Certificate Program is designed for finance professionals in their early to mid career seeking to understand institutional-grade real estate analysis.
Commercial Real Estate (CRE) Professionals
Early and mid career commercial real estate investors and operators seeking to develop their real estate investment expertise.
Investment Bankers
Investment banking analysts and associates seeking real estate roles or those that work closely with sponsors and operators.
Brokers
Brokerage analysts and associates seeking real estate investment roles or those that work closely with sponsors and operators.
Professional Services
Consultants, lawyers, accountants and other advisors that work with real estate owners and support transactions.
Family Offices
Family offices and institutions looking to institutionalize their investment process, raise their first fund, or considering real estate investing.
Private Investors
Individuals investing personal capital or raising funds on a deal by deal basis who are looking to learn and apply institutional real estate best practices into their activities.
Private Lenders
Private lenders and credit professionals that work with real estate owners and operators.
Support Roles in Real Estate
Fund management, investor relations, custodial accounting and other support services for real estate.
Career Switchers
Early to mid career professionals seeking to transition into real estate.
Students
Undergrad and graduate business, finance and accounting students applying for real estate internships and full time roles.
Commercial Real Estate (CRE) Professionals
Early and mid career commercial real estate investors and operators seeking to develop their real estate investment expertise.
Investment Bankers
Investment banking analysts and associates seeking real estate roles or those that work closely with sponsors and operators.
Brokers
Brokerage analysts and associates seeking real estate investment roles or those that work closely with sponsors and operators.
Professional Services
Consultants, lawyers, accountants and other advisors that work with real estate owners and support transactions.
Family Offices
Family offices and institutions looking to institutionalize their investment process, raise their first fund, or considering real estate investing.
Private Investors
Individuals investing personal capital or raising funds on a deal by deal basis who are looking to learn and apply institutional real estate best practices into their activities.
Private Lenders
Private lenders and credit professionals that work with real estate owners and operators.
Support Roles
Fund management, investor relations, custodial accounting and other support services for real estate.
Career Switchers
Early to mid career professionals seeking to transition into real estate.
Students
Undergrad and graduate business, finance and accounting students applying for real estate internships and full time roles.
“Real estate is more accessible than other forms of investing. Large investors like Blackstone, KKR and Brookfield often work alongside smaller operators and developers and even entrepreneurial private investors. This program provides a pathway for investors - regardless of where they’re starting - to learn how to apply the analyses and approaches used at the world’s top real estate investing firms.” — Jesse Handbury, Professor of Real Estate, The Wharton School
Applicant Career Levels
Applicant Industry
Countries Represented
Applicant Employers Include ...
Top Roles Applicants Hold
| 1. | Real Estate Investment Analyst |
| 2. | Acquisitions Analyst |
| 3. | Asset Management Analyst/Associate |
| 4. | Asset Manager |
| 5. | Portfolio Manager |
| 6. | Loan Underwriter |
| 7. | Capital Markets Analyst/Associate |
| 8. | Financial Analyst |
| 9. | Investment Banking Analyst |
| 10. | Development Manager |
Get the Brochure
8-Week Program
Focusing on Real Estate
Gain the skillset of an early- to mid-level Real Estate professional.
8-10 Hour Weekly
Time Commitment
A comprehensive certificate program designed to fit into your busy schedule.
Self-paced Online
Learning Experience
Complete the program on our online learning platform at your own pace.
Learn By Doing
With Real Case Studies
Role play in an actual real estate deal case study to understand how top firms execute deals, analyze properties and evaluate investment opportunities.
How You'll Learn
How You'll Learn
The Wharton & Wall Street Prep Real Estate Investing & Analysis Certificate Program is an immersive learning experience made up of self-paced video lectures, real-world exercises, industry case studies and full faculty support.
Learn Directly From
Top Real Estate Investors
Hear directly from the best about real estate investing and the latest industry trends via our guest speaker series.
Tailored Learning
Through Electives
Customize your experience based on your specific learning objectives.
The Same Training Used
by Top Real Estate Firms
Access the same lessons and methods taught inside the world’s leading real estate firms.
Weekly Office Hours
& Dedicated Support
Program faculty and support staff is available every step of the way.
Get the Brochure
Earn a certificate from Wharton Online upon successful completion
Upon successful completion of the program, your Wharton Online-issued certificate will be emailed to you in a digital format you can use to demonstrate your achievement on your LinkedIn profile and resume.
“With this program, we sought to crush the perception that an online experience is not as good as an on campus or in-person experience. You’re never just listening to lecture — you’re always doing something different, engaging with faculty, a guest speaker or your peers. — Todd Sinai, Professor of Real Estate and Business Economics, The Wharton School
Program curriculum
Over the course of eight weeks, you will learn the concepts and practical technical methods that real estate investment professionals deploy in analyzing and executing real estate transactions. Delivered in a weekly self-paced online format, the program culminates in a closing ceremony and the receipt of a Certificate from Wharton Online.
Module 1
Introduction to the Real Estate Asset Class
Module 1 serves as the cornerstone of the learning journey, offering an in-depth exploration of real estate as an asset class, the operational dynamics of real estate investment firms, and how to create value in real estate.
- History & evolution of real estate as an asset class
- Common investment strategies & property types
- Various real estate stakeholders & their respective roles in investments
- Real estate within the private market and alternatives ecosystem
View Full Details
Module 2
The Real Estate Investment Framework
Module 2 provides a comprehensive overview of essential components in real estate investment, focusing on the investment approach, valuation methods, and various frameworks utilized in the industry.
- Foundations of real estate finance: NOI, cap rates, value, and returns
- Introduction to valuation methods: income cap, DCF, comparables, and replacement cost
- What is a real estate pro forma
- Measuring investment returns
View Full Details
Module 3
Financing and Taxation of Real Estate
Module 3 delves into the intricacies of real estate structuring and financial engineering, focusing on common capital structures, tax considerations, and performance incentives within cash flow waterfalls.
- Capital structures and leverage
- Tax benefits and depreciation
- Joint venture structure, management responsibilities, & the GP/LP relationship
- Cash flow waterfalls & performance incentives
View Full Details
Module 4
The Real Estate Deal Process
Module 4 immerses participants in the real-world intricacies of the real estate deal process. The focus is on bringing to life the key stages of an investment, from sourcing to business plan execution to disposition.
- Anatomy of the deal process: stages, workstreams & responsibilities
- The role of third parties & their functions
- Deal docs: NDAs, teaser, OMs, LOIs, PSAs, & loan document
- Key terms, due diligence items, and points of negotiation in an acquisition
View Full Details
Module 5
Real Estate Investment Analysis & Financial Modeling, Part 1
Module 5 begins participant’s deep dive into real estate financial modeling. This module explores how real estate professionals analyze and underwrite investment opportunities, with a specific focus on modeling property-related cash flow proformas.
- Property level financial modeling fundamentals & best practices
- Multifamily, industrial, retail, and office operating cash flow builds
- Capital expenditure & other non-operating cash flow builds
- Defining & calculating net operating income (NOI)
- Acquisition and disposition values (direct capitalization method)
View Full Details
Module 6
Real Estate Investment Analysis & Financial Modeling, Part 2
Module 6 continues the focus on real estate financial modeling. Students deepen their understanding of investment underwriting, specifically focusing on financing and capital structures. Participants explore modeling debt structures and levered cash flows, gaining insights into the intricacies of financing and its impact on investment returns.
- Debt structures & levered cash flows
- Investment returns - internal rate of return, multiple on invested capital, cash-on-cash yield, yield-on-cost
- Joint venture waterfalls & promote structures
- Acquisition vs. development models
- Using an investment model to inform investment decisions
View Full Details
Module 7
Analyzing Market Risk Factors
Module 7 delves into the strategic thinking processes employed by real estate professionals when evaluating investment opportunities, focusing on both macro and micro market analysis. Market dynamics are explored, including demand drivers, supply-side considerations, and the impact of volatility on investments.
- Supply & demand dynamics
- Analyzing economic data
- Market rents & forecasting growth
- Market analysis
View Full Details
Module 8
Analyzing Property Level Risk Factors
Module 8 continues the focus on strategic thinking processes employed by real estate professionals when evaluating investment opportunities, focusing on property-level risks. Emphasis is placed on risk management and the concept of risk mitigation, utilizing leases and mortgages to align risk and return dynamics with investor requirements.
- Identifying & mitigating micro risk factors
- Identifying & mitigating macro risk factors
- Balancing risk & return
View Full Details
Module 9
Capstone Project: Investment Case Study
In the final module, participants are immersed in the practical application of the entire real estate investment process, covering transaction structuring, investment underwriting, due diligence, and analysis.
- Partnership structure & execution plan
- Due diligence
- Underwriting & financial analysis (upside, base, and downside cases)
- Investment highlights & risks
- Investment recommendation
View Full Details
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Faculty & speakers
Directors & Faculty
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Todd Sinai
Professor of Real Estate, Real Estate Department Chair, Wharton School
View Bio
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Benjamin Keys
Professor of Real Estate and Finance, Wharton School
View Bio
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Jessie Handbury
Associate Professor of Real Estate, Wharton School
View Bio
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Aaron Hanco*ck
Real Estate Program Director,
Wall Street PrepView Bio
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Daniel Mann
Real Estate Program Director,
Wall Street PrepView Bio
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Aaliyah Ameer
Senior Instructor, Wall Street Prep
View Bio
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Karine Blanc
Senior Instructor, Wall Street Prep
View Bio
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Daniel Erb
Senior Instructor, Wall Street Prep
View Bio
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Matan Feldman
Founder and CEO, Wall Street Prep
View Bio
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JB Gough
Senior Instructor, Wall Street Prep
View Bio
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Lindsay Tsumpes
Senior Instructor, Wall Street Prep
View Bio
Curriculum Partners
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Dr. Peter Linneman
Founding Principal, Linneman Associates
View Bio
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Bruce Kirsch
Founder & CEO, Real Estate Financial Modeling
View Bio
Eric Bergin
Founder, Top Shelf Models
View Bio
Speakers
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Dean Adler
Founder & CEO, Lubert-Adler
View Bio
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Jeff T. Blau
CEO, Related Companies
View Bio
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Anar Chudgar
Co-President, Artemis Real Estate Partners
View Bio
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Hal Fetner
President & CEO, Fetner Properties
View Bio
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Deborah Harmon
Co-Founder & Co-CEO, Artemis Real Estate Partners
View Bio
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Chris Lee
Co-President & Partner, KKR Real Estate
View Bio
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Evan Levy
Vice Chairman, The Amherst Group
View Bio
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Christopher Méndez
Managing Director, Pearlmark
View Bio
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Alan Ratner
Managing Director, Zelman & Associates
View Bio
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Michael Vu
Senior Managing Director, Artemis Real Estate Partners
View Bio
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Simon Ziff
President, Ackman-Ziff Real Estate Group
View Bio
Attend an information session
Next Session: Wed. Jul. 10, 5pm (ET)
Tuition & payment options
Tuition
$4,800
*For enrollments before Aug 12. $200 Application Fee will be added after Aug 12.
OR
$960/month
Pay 5 monthly installments of $960.
Enroll Now
Tuition Assistance
$550 off
Apply to get $550 off your tuition fee
Apply Today
Networking & Program Benefits
Join a Global Network
Enrollees access a large and highly engaged global network of peers who are committed to give us much as they get and to support one another. Connections built throughout the program are strengthen via in person and virtual meetups, discussion groups and networking events.
Invitation-Only Wharton/Wall Street Prep Group on LinkedIn
Upon completion of the program, graduates receive an invitation to join the Wharton Online / Wall Street Prep Real Estate Investing & Analysis Certificate Program Alumni Group on LinkedIn. Through this group, graduates can directly connect with the entire graduate network, seek advice and access graduate-only online events and resources.
Local Connection for
a Global Certificate
Program graduates come from over 40 countries, so while the program is global, connection is often created locally. Graduates gain access to their Local Alumni Slack Channel, designed to facilitate local connection for a global certificate.
Cross-Program Networking Events
Enrolling in a Wharton Online & Wall Street Prep Certificate Program is a unique opportunity to expand your professional network beyond your specific industry. Enrollees attend cross-program events attended by other Certificate Program learners and graduates in investment banking, private equity, hedge funds, asset management, venture capital, financial planning and analysis (FP&A) and other career tracks.
For Employers: Level up your professional development
Real Estate Private Equity Firms
- Accelerate the new hire training timeline.
- Better compete for talent against large firms with extensive in-house training resources.
Owner/Operators & Developers
- Institutionalize your underwriting and diligence processes.
- Grow your portfolio by creating efficiencies in your execution processes.
Vendors
- Better understand how your services and products fit into the real estate investment process.
- Equip your sales force to recognize opportunities to add value across your client’s investment processes.
Speak With Us About Enrolling Your Team
Earn 65 CPE Credits with the Real Estate Investing & Analysis Certificate Program
Wall Street Prep and Wharton Online are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Ready to get started?
1
Get the brochure
To learn more about the course, provide your contact information in the form above. We will then send you our course brochure, where you can find additional details on the course modules, guest speakers and more.
Get the brochure
2
Speak with an enrollment advisor
Still have questions about the program? Use the link below to book a call with an enrollment advisor who will help answer any questions you have about the certificate program.
Book a Consultation
3
Enroll to secure your spot in the program
Enrollment in the Wharton & Wall Street Prep Real Estate Investing & Analysis Certificate Program is on a first-come basis. Ready to enroll and secure your spot in the upcoming cohort? Click the link below.
Secure Your Spot
FAQs
How often are programs offered?
Programs will be offered three times each year. Cohorts will begin in January, May, and September.
How much time will it take to complete this certificate?
The course is designed to run for eight weeks, with a recommended workload of 8-10 hours of lectures, live sessions, and assignments per week.
What languages will the program be offered in?
This program is offered in English only.
How do I register for this program?
You can register for the program at any time through our Enrollment Form.
How much does the program cost?
Program tuition is $4,800. Tuition can be paid in full or in 5 monthly payments.
Do you offer tuition assistance?
Tuition assistance will be available for every cohort. Use our Tuition Assistance form to apply.
What is the program refund policy?
This program is non-refundable.
Who can I contact for additional questions?
If you have any additional questions, please reach out to our enrollment team at enrollment@wharton.wallstreetprep.com.
Starts
Sep 09
Duration
8 Weeks
Tuition
$4,800 or $960/mo
Get the Brochure Enroll
Get the Brochure
View the full program syllabus as well as details on faculty, guest speakers and key learner benefits.
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