Homburg Academy

• Master Degrees

• Executive Master Degrees

• Postgraduate Diploma

• Postgraduate Certificate

International University-Level Real Estate Education

W W W . H O M B U R G A C A D E M Y . O R G

Executive Master in Real EstateOnline

Welcome

Welcome to Homburg Academy, a new approach to real estate education, with a long

history of real estate experience.

The Homburg Group is a multi-billion dollar real estate conglomerate operating

in the Baltic States, Canada, Germany, the Netherlands, Switzerland, and the USA.

Founded more than 40 years ago, the Group is involved in a wide range of real estate

activities, including asset management, new construction and development, real estate

investment, property management, real estate finance, and insurance.

We also have a passionate interest in building intellectual capital. Since

2008, the Homburg Global Education Project has been researching and

developing cutting-edge university-level programs, and building two new

academic institutions to deliver specialized real estate education around

the world. Our two institutions are the Homburg Academy Switzerland,

which grants degrees and other qualifications, and the Homburg

Institute Canada, which concentrates on professional development and

research.

The goal of Homburg Academy is to combine our experience and knowledge with

that of the top academics and industry experts from around the world. And instead of

a bricks and mortar university, our structured programs reach students in innovative

ways by means of a cutting-edge online learning environment, summer schools, and

study semesters at partner university campuses.

Our world-class real estate programs, which lead to Masters degrees and Diploma

and Certificate qualifications, combine academic excellence, immediate professional

application and an unparalleled student experience.

Read on and discover the many advantages of joining the Homburg Academy. We

welcome diversity in student backgrounds and experience, and we encourage

applicants from across the globe to join our programs.

Dr Richard Homburg

Founder and Executive Chairman, Homburg Group

Chair of Council, Homburg Academy

WELCOME

Our Mission StatementHomburg Academy’s mission is to advance the science and knowledge of real estate by fostering innovation, original discovery, and new insights into all aspects of the built environment and to promote the dissemination of knowledge through professional development training and education courses.

Statement of Corporate GovernanceThe Homburg Group adheres to the highest standards of corporate governance. Its companies are subject to the oversight of eight different regulatory bodies. The CANMARK Real Estate Investment Trust (formerly the Homburg Real Estate Investment Trust) is listed on the TSX Toronto Stock Exchange.

Members of the Homburg Academy Council

Chancellor: Mr Michael H. Arnold, CA

Chair of Council: Dr Richard Homburg, Dr.hon.causa

President and Vice-Chancellor: Dr Jarrod Wiener, PhD

Chair of Academic Advisory Board: Dr Tom Geurts, PhD

Faculty Representative, Chair of Student Committee: Dr Georgia Warren-Myers, PhD

External Members: Dr Jamie Shea, PhD. Deputy Assistant

Secretary-General, North Atlantic Treaty

Organization (NATO)

Mr Philip Homburg, PhD Candidate,

Philosophy, University of Sussex, UK

Drs J.R. Stolle

Academic Advisory Board

Dr Tom G. Geurts, Georg Washington University, USA

Dr Mihnea Constantinescu, Swiss Finance Institute, University of Zurich, Switzerland

Dr Franz Fuerst, Henley Business School, University of Reading, England

Dr Ingo H. Holz, Berlin Institute of Technology, Germany

Dr Piotr Lorens, Gdansk University of Technology, Poland

Dr Leo Uittenbogaard, Amsterdam School of Real Estate, Amsterdam, the Netherlands

University Administration

President, Vice Chancellor: Dr Jarrod Wiener, PhD

Learning Manager: Mr Brenton Ives

Recruitment Officer: Ms Jillian Bellamy

Communications & Marketing Ms Amanda Morrison

OUR MISSION STATEMENT

Meet, debate, consult. Online

The Homburg Executive Master in Real Estate (Online)The Executive Master in Real Estate track is intended for those who have over three years of

professional experience in a cognate field. A selective group of students is chosen for the Executive

program.

We intend for graduates of this program to be recognized as a member of a specialized group of

graduates: Graduates of Homburg Academy are individuals who can visualize what the world can be and

not merely what it is.

This program is tailored to harness and enhance a manager’s existing skills through an integrative

approach to learning. This is done through structured delivery in the classroom, group work, case studies,

and independent research and presentations.

Program Structure

The Executive Master in Real Estate (MRE) is made up of 15 courses (20 credits each) for a total of 300

credits consisting of 3,000 notional hours of study (See the Academic Regulations for complete degree

requirements).

The program structure is the same as the Master in Real Estate program and is made up of two stages,

the Coursework Stage (Stage 1) and the Research Stage (Stage 2). On satisfactory completion of the

coursework, students progress to the final independent project.

Stage 1 includes Core Courses and a range of Elective Courses. Core Courses are compulsory as they

impart essential learning outcomes. Elective Courses are available among a number of alternatives for

students to choose as part of his or her program of study which enables a student to customize his or

her learning experience.

The Executive Master in Real Estate is distinguished by the removal of the requirement that students

take the research training-oriented courses (which include RES814 Research in Real Estate Business,

and DATA824 Data Analysis and Critical Thinking), however they may elect to do so. In place of these,

students take an additional two Elective courses of their choice.

In Stage 2, Executive students write a Final Project in place of the Dissertation. This Final Project is more

practically-oriented, and provides an opportunity for each student to undertake a sustained piece of

academic work independently on a subject of their choice, under Faculty supervision, and with prior

training in research design.

EMRE ONLINE

Core Courses(Compulsory)

The Development Process

Urban Economics

Ethics and Responsibility for the Real Estate Firm

Introduction to Urban Development and Planning

Capstone Case Study

Elective Courses (students choose 9)

Corporate Finance

Real Estate Finance

Real Estate Accounting

Risk and Portfolio Management

Capital Markets

Appraisal of Real Estate

Project Management

International Real Estate

Challenges and Strategy in Real Estate

Strategic Negotiation

The Financial Crisis and International Financial Regulation

Intercultural Management

Strategic Management

Research in Real Estate Business

Data Analysis and Critical Thinking

Learning Objectives

1. Provide students with both a research-active and professionally-oriented teaching environment;

2. Examine how a Real Estate project/development emerges, how it is conceived, financed, managed,

and used, in the context of prevailing business/economic, and social/demographic structures;

3. Ensure that students acquire a solid understanding of academic research methods as well as

qualitative and quantitative methodologies in general in the social sciences;

4. Ensure that students acquire a solid, interdisciplinary knowledge of theories and methods relevant

to sound decision-making in the planning and execution of Real Estate project, encompassing, inter

alia, economic, management, sociological, and cultural approaches;

ERME ONLINE

The following provides an overview of the courses required for the Executive Master in Real Estate program:

5. Ensure that students acquire the necessary skills for advanced project assessment, execution, and

management, including well-developed strategic planning and exit strategies;

6. Develop good understanding of the ethical issues in the Real Estate industry, including issues of

sustainability, and environmental responsibility;

7. Develop students’ general research skills and personal skills (transferable skills).

Please visit homburgacademy.org/applications to find out more about applying to Homburg

Academy.

Is this program for you?This program is for the experienced Real Estate manager who has been working for three years or

more. This program is intended to help those individuals with career advancement by providing a high-

level training in Real Estate, allowing them to concentrate on the courses and subjects that they are most

interested in. This program is for you if you have a vision of the future as an industry leader, and the

passion and determination to achieve it.

EMRE ONLINE

AdmissionsApplicants should possess a good class of degree (equivalent to a 3.0 GPA from a North American

university) from a recognized university, in any academic discipline. Applicants must also provide evidence

of competence in English. Candidates must also supply two letters of reference, ideally one of which

should be from a former professor.

There are no application fees.

Please visit homburgacademy.org/applications to find out more about applying to Homburg Academy.

Fees and FinanceCourse fees

The fee structure is simple. Each course costs $3000 CDN and there are no additional fees for

registration or examinations. Fees are payable when a student registers for each course. Annual pre-

payment or payment for the whole program at once entitles students to a discount.

The cost to complete the Master in Real Estate and International Business program is as follows:

These fees are correct for 2011-12. Fees are reviewed each year, and are subject to change.

Deposit

There are no application fees, but once a student is accepted onto a program at Homburg Academy, a

deposit of $1,500 is requested to hold a student’s place. This deposit should be paid within 30 days. This

amount is then credited to the student’s account and is applied to the payment of the first course.

FEES AND FINANCE

Travel Bursary/

Fee creditProgram

EMRE (online)

Minimum number

of courses

15

Total fee

($3000/Course)

$45,000

Less 2% for paying

annually in advance

$44,100

Less 5% for paying

for the whole

program in advance

$42,750

Additional costsThe cost of any recommended textbooks and personal electronic equipment are not included in the

course fees and are the students’ responsibility.

If a student is required to attend a summer school, all costs for travel, accommodation and subsis-

tence are the student’s responsibility.

Scholarships and Bursaries

The Homburg Academy Council has created six Homburg Bursaries in the amount of $6,000 each

for 2012. If you are interested in applying for one of these, please visit homburgacademy.org/scholar-

ships-and-bursaries for further information.

FEES AND FINANCE

Homburg Academy FacultyOur interdisciplinary programs are taught by a multinational faculty of renowned professors and

lecturers, supervised by an international Academic Advisory Board comprising leading academics

from six countries. The Academy’s governing Council, comprising international industry leaders,

academics, and senior figures oversee the educational institution’s decision-making processes.

Our Faculty Members

Dr Alex Anas, MCP, BS, BA, MA, PhD

Professor of Economics, State University of New York at Buffalo

Teaches Urban Economics

Mr Christopher Caltabiano, BS, MS

Manager at AIG Asset Management Group, New York

Teaches Real Estate Accounting

Dr Ron Collins, BSc., MBA, PhD

University of Prince Edward Island, Canada (retired). Now lectures internationally.

Teaches Inter-Cultural Management and Strategic Management

Dr Mihnea Constantinescu, BA, MA, PhD

Scientific Director, Centre for Urban and Real Estate Management

Swiss Finance Institute, University of Zürich

Teaches Capital Markets

Dr Juan Armando Diaz, BA, MA, PhD

Director, CSS Project for Integrative Mediation

Berlin, Germany

Teaches Strategic Negotiation

Louise Gardiner, BA, MA

Cape Town, South Africa, and Washington D.C, USA

Teaches Ethics and Responsibility for the Real Estate Firm

Dr Tom Geurts, FRICS, BSc, MS, MS, PhD

George Washington University, USA

Chair of Homburg University International Academic Advisory Committee

Teaches Corporate Finance and Risk and Portfolio Management

HOMBURG ACADEMY FACULTY

John Hughes, FRICS, BA, MA

Chairman, Royal Institution of Chartered Surveyors, Canada

Toronto, Canada

Teaches Challenges and Strategy in Real Estate

Dr Charles O. Lerche III, BA, MA, PhD

Guadeloupe, French West Indies

Associate Program Director, School of Graduate Studies, Norwich University, Vermont, USA

Teaches Data Analysis and Critical Thinking and Research in Real Estate Business

Dr Piotr Lorens, PhD, DSc.

Professor and Head of the Department of Urban Design and Regional Planning, Faculty of

Architecture, Gdansk University of Technology, Poland

Member of the Homburg Academic Advisory Board

Teaches Introduction to Urban Development and Planning

A (Tony) Sevelka FRICS, AACI, CRE, MAI

President of International Forensic & Litigation Appraisal Services Inc

Toronto, Canada

Teaches Appraisal of Real Estate

Dr Michael Taylor, BA, LLM, DPhil

Advisor to the Governor of the Central Bank of Bahrain

Teaches The Financial Crisis and International Financial Regulation

Dr Georgia Warren-Myers

Lecturer in Property and Real Estate

Deakin University, Australia

Teaches The Development Process

Dr Jarrod Wiener, BA, MA, LLM, PhD

Vice-Chancellor, Homburg Academy Switzerland

Teaches International Real Estate

HOMBURG ACADEMY FACULTY

H O M B U R G A C A D E M Y - B U I L D I N G F U T U R E S

Homburg Academy Switzerland AG

c/o Homburg Swiss AG

Zürichstrasse 147

8700 Küsnacht ZH

© 2011 Homburg, Inc. All rights reserved

Think Global. Study Local. Online