Real Estate Finance Minor (REFM)

Program overview

The Real Estate Finance minor empowers students in business-related majors to cultivate a profound understanding of real estate theory and practice. It also enhances their leadership abilities, preparing them for careers in real estate planning and development, investment banking, real estate valuations, asset management, and related fields.

Last updated: June 3, 2024

Academic Information

Degree offered

Real Estate Finance Minor (REFM)

Number of Credits Required

Mode of learning

On Campus

Unique real estate academic features

Exclusively for majors in the Daniels School of Business, the Real Estate Finance Minor provides students with an in-depth understanding of the real estate industry, supplying them with essential tools to make informed decisions within the field. Additionally, students enjoy a cross-disciplinary educational journey, merging business courses with hands-on learning experiences, ultimately preparing them for diverse careers in related fields.

Courses and disciplines/concentrations offered

Required Real Estate Courses:

Real Estate Fundamentals
Real Estate Investment & Development
Real Estate Industry Project

Real Estate Selective Courses:

Real Estate Law
Real Estate Capital Markets & Securitization
Selected courses in Economics and Management

Real Estate Extracurricular Opportunities

Notable traditions & events

Dean V. White Real Estate Development Case Competition
Commercial Real Estate Roundtable
Guest Lectures

Real estate extracurricular activities available

City Trek
Hosting Site Visits

Networking opportunities

Women in Real Estate Career Panel & Networking
Purdue Real Estate Society
Purdue Real Estate Alumni Network

Recruiting

General info on roles students fill after graduation

Account Management Specialist
Analyst
Area Manager
Associate Analyst
Capital Management
Commercial Asset Manager
Commercial development market research
Corporate Financial Analayst
Development Analyst
Development Lead
Financial Advisor
Investment Analyst
Investment Banking Analyst
Logistics Manager
M&A analyst
Market Analyst
Marketing Specialist
New Home Broker
Program Analyst
Property Tax Compliance
Rotational Associate
Sales
Site Manager
Staff Auditor
Supply Chain Analyst

Average salary post graduation

$61,306

IDEMIA
Invoice Home
JP Morgan Chase
Katz Sapper & Miller
KB Home
Kentwood Real Estate
Northwestern Mutual
Nuveen
PARIC
Prime Vacations
Purdue Federal Credit Union
PwC
RSM
Ryan LLC
Shellpoint Mortgage Servicing
Shiel Sexton
TAG Collective
The Garrett Companies
US Bank
Wells Fargo

Common employers

Advantage Capital
Aldridge Electric
Amazon
Ambrose Property Group
APEX Companies
Arthur Gallagher
Becknell
Blue & Co
Conagra Brands
Cummins Inc.
Cushman and Wakefield
DuCharme, McMillen and Associates, Inc.
Ducker Carlisle
Dynaprop development corp
Encircle Financial Strategies
G&G Oil
Girls Who Invest
Halderman-Harmeyer
Highpoint Healthcare Advisors
HIMCO

Faculty and Research

Faculty & Staff for the Program

See full list of faculty here

Distinguished real estate faculty members or research areas

Aaron Hedlund

Associate Professor of Real Estate and Economics

Mike Eriksen

Director, Dean V. White Real Estate Finance Program

Lindsay Relihan

Assistant Professor of Economics and part of the Dean V. White Real Estate Finance Program

Mention any recent real estate research achievements or ongoing projects

Chen, W., Wei, Z., & Xie, K. (2022). The Battle for Homes: How does home sharing disrupt local residential markets? Management Science, 68(12), 8589–8612. https://doi.org/10.1287/mnsc.2022.4299
Chen, W., Wei, Z., & Xie, K. (2023). Regulating Professional Players in Peer-to-Peer Markets: Evidence from Airbnb. Management Science, 69(5), 2893–2918. https://doi.org/10.1287/mnsc.2022.4480
Eriksen, Michael D., Chun Kuang, and Wenyu Zhu. “Attribute Misreporting and Appraisal Bias.” Review of Finance, forthcoming.
Eriksen, Michael D., and Anthony Orlando. “Returns to Scale in Residential Construction: The Marginal Impact of Building Height.” Real Estate Economics, 50(2), Summer 2022: 534-564.
Engelhardt, Gary V. and Michael D. Eriksen. “Homeownership in Old Age and at the Time of Death.” Economics Letters, 212 March 2022.
Eriksen, Michael D., and Shaun Bond. “The Role of Parents on the Home Ownership Experience of Their Children: Evidence from the Health and Retirement Study.” Real Estate Economics, 49(2), Spring 2021: 433-458.
Duguid, James and Kim, Bryan and Relihan, Lindsay and Wheat, Chris, The Impact of Work-from-Home on Brick-and-Mortar Retail Establishments: Evidence from Card Transactions (June 1, 2023). https://ssrn.com/abstract=4466607
Relihan, Lindsay, Clicks and Bricks: The Complementarity of Online Retail and Urban Services (January 18, 2024). London School of Economics CEP Discussion Paper No. 1836, https://ssrn.com/abstract=4065950
Dokko, Jane; Keys, Benjamin J.; and Relihan, Lindsay E., Affordability, Financial Innovation, and the Start of the Housing Boom. Working Papers, No. 2019-01, 2019. https://www.chicagofed.org/publications/working-papers/2019/2019-01