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REAP is a horizontal education program that covers a wide variety of disciplines within the major real estate models It is constructed as a 13 week, 26 class program taught either February-May or September –December. The business of real estate is fundamental-increase value either through development, re-development or acquisition/disposition. Its core foundation is mathematical: Value = Net Operating Income / Capitalization Rate There are courses fundamental to every REAP class These courses are taught within three basic models of real estate: In addition, sponsors such as Wal-Mart Realty, McDonald's, Simon Property Group and Westfield teach courses highlighting their development/management strategies. There are two text books typically distributed to each class: Instructors are senior practitioners in their firms and have at least 10 years experience in management, leasing, development, and related fields. They are also paired with alumni, mentors, and veteran industry professionals who provide a responsive ear, on a regular basis, on how to deal with the challenges of working in corporate real estate, and how to formulate and reach realistic career goals.
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