UNDERGRADUATE CERTIFICATE
Real Estate Analysis and Development Certificate
Build real estate expertise alongside your business degree. Learn how properties are analyzed, financed, valued, and developed.
Add Real Estate Expertise to Your Business Degree
Every property investment, development project, and acquisition begins with understanding how value is created and risk is managed. The Real Estate Analysis & Development (READ) Certificate at Penn State Smeal College of Business gives you the foundation covering how real estate markets, investments, and development projects work and how to evaluate them.
Open to Penn State undergraduate students outside the Real Estate major, the READ certificate is taught by Smeal faculty with expertise in commercial real estate, finance, and development.
What You'll Study

Required courses
RM 303 – Real Estate Fundamentals
RM 450 – Contemporary Issues in Real Estate Markets
Choose One Elective
RM/FIN 460 – Real Estate Financial Analysis
RM/FIN 470 – Real Estate Capital Markets
BLAW/RM 424 – Real Estate Law
RM 475/FIN 455 – Quantitative Analysis for Business
RM 497 — Real Estate & Business Valuation
A grade of C or higher is required in each.
Expand Your Real Estate Experience
Go beyond the classroom through programs and experiences that include:
Borrelli Institute for Real Estate Studies (BIRES)
The Real Estate Society Student Club
ARGUS Enterprise software certification training
You'll connect with industry professionals, build technical skills, and gain hands-on experience with tools used across commercial real estate.

Certificate at a Glance
Open to undergraduate students across Penn State (excluding students enrolled in the Real Estate major)
Nine-credit certificate with two required courses and one elective
Complements any business and related undergraduate majors
Covers real estate finance, markets, valuation, law, and development
Includes opportunities to participate in industry programs and student organizations
Add the READ Certificate
Add the Real Estate Analysis & Development Certificate through LionPath using program code RLESAD_UCT. It's a straightforward way to expand your academic focus and build specialized knowledge in commercial real estate.