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Welcome to Kellogg's Real Estate Lab Information for Students

Course Description
REAL ESTATE LAB is an experiential learning course that allows Kellogg students the opportunity to participate in a quarter-long project, working in a research and advisory role on a real estate project for a sponsor firm or organization. Participants will be exposed to a project related to an investment, development, public policy, or another real estate question. Enrollment in the course is by application only.

REAL ESTATE LAB-PRACTICUM (offered in Winter quarter) is an experiential learning course that allows Kellogg students the opportunity to be placed in a quarter-long internship with a local or national real estate firm. Participants will be exposed to the day-to-day working life of the firm, and will assist with their asset selection, due diligence, development, financing or investment efforts. Enrollment in the course is by application only.

Course Requirements
• Weekly meetings will take place with the faculty advisor to discuss the assigned tasks, progress, and feedback.
• Required readings will be completed during the quarter.
• The workload for this course translates to approximately 150 hours during the quarter.
• A final presentation of the work product will be made to the sponsoring firm/organization at the end of the quarter.

Grading: There are four components to each student’s grade: the instructor’s assessment of the quality of the student’s contribution to the project deliverables (the written report and the oral presentation), participation in class, peer review, and sponsor review.

Faculty Advisors: 

William M. Bennett. William Bennett is the faculty member for sections of Real Estate Lab that address questions of real estate investment, development, or operations.

Denise Akason: Denise Akason is the faculty advisor for the Real Estate Lab-Practicum, held during the winter quarter.

Recommended prior course work: It is recommended, but not required, that students have taken Real Estate Finance and Investments (FINC 454) or gain permission from the professor.

Selection Process: Registration is by application only. The faculty advisor will make the final team selection.

Sponsors: The sponsorship is structured differently for the Real Estate Lab and the Real Estate Lab-Practicum. Please see the relevant Sponsor page.

Application Instructions and Materials

The only way to apply for the Real Estate Lab and the Real Estate Lab-Practicum is through on online application process. Apply for Real Estate Lab here
If you encounter any technical issues while using this application, please email kis-appdev-support@kellogg.northwestern.edu for assistance.

Applicants will be notified whether they have been selected at least three weeks prior to the start of the quarter. We recommend that you bid for classes as if you will not be taking Real Estate Lab, yet be prepared to drop a course if selected for the Lab.