Mexico
FINC-UB 37 : Real Estate Global Markets: Mexico City | Explore the different facets of real estate investment, development, and technology innovation in Mexico.
Stern Around the World in Mexico - SPRING 2024
For students seeking careers in the institutional real estate industry in New York and other global cities, interaction with cross-border investors, lenders, property technology entrepreneurs, and others will be the norm rather than the exception. This course introduces students to real estate finance and investment analysis in non-US settings, as well as special issues when developing equity and debt capital internationally, and approaches to analyzing global real estate portfolios through the case study of Mexico.
This Spring 2024 semester course takes place in New York with a rigorous academic field intensive in Mexico City during Spring Break from Sunday, March 17th to Friday, March 22nd, 2024.
The highly experiential course is structured around direct interaction with global real estate developers, investors, lenders, and policy makers in Mexico, one of the world's most active development markets.
In short, this course and trip are designed to equip you to understand and work in a globally significant real estate market such as Mexico City.
No application required! But attending or viewing an Info Session is required when enrolling in this course (requires Zoom sign-in via NYU SSO).
- This course is only open to NYU Stern Juniors and Seniors and enrollment is first-come, first-served, based on your registration time.
- Enrollment is done through Albert for this course.
- IMPORTANT NOTE: This course has an early drop/add deadline of January 16, 2024 due to the airline ticketing deadline for the required group flight.
- Required Prerequisite: You must have already taken FINC-UB 2 Foundations of Finance in order to take this SAW: Mexico course.
- If the course fills up, there will be a Waitlist. Set up ‘Edit Swap’ function on Albert to ensure you’re not stuck on the waitlist
- If you successfully enroll, you will be contacted via email with next steps. See additional details below.
- This course is only open to NYU Stern students.
Course Overview
FINC-UB 37: Real Estate Global Markets: Mexico City
3 credits | Class Day/Time: Mondays & Wednesdays 2:00pm-3:15pm
Course: Full Semester | Travel: Required trip to Mexico City in March 2024
Instructor: Professor Sam Chandan (chandan@stern.nyu.edu) and Professor Michael Krupa
Pre-req: Required Prerequisite: You must have already taken FINC-UB 2 Foundations of Finance in order to take this SAW: Mexico course.
We will start with an introduction to global commercial and residential real estate markets as well as cross-border commercial real estate investment. The course will then delve into the Mexican real estate market, one of the world's most dynamic development markets, and its specificities through study of global real estate investment trends, local site visits, and case-based deliverables.
This 3-credit course can count towards:
- Finance Concentration Elective
- Also counts as a Real Estate Track Elective
- General Stern elective
*Please note: a max of one SAW travel course can be applied per concentration or minor
Eligibility
This course is open to NYU Stern students who meet the following prerequisites:
- Must be in good academic and judicial standing with Stern and NYU
- Must be enrolled at Stern in New York City during the semester you take the course
- Open to NYU Stern Juniors and Seniors only
- Required Prerequisite: You must have already taken FINC-UB 2 Foundations of Finance in order to take this SAW: Mexico course.
- Attending or Viewing an Info Session is required when enrolling in this course (requires Zoom sign-in via NYU SSO).
Program Timeline
| Date | Event/Deadline |
|---|---|
| Wednesday, November 8th | SAW: Mexico Virtual Info Session. Watch Recording (requires Zoom sign-in via NYU SSO) |
| Week of November 13th | During registration for Spring 2024, you will register yourself via NYU Albert. (Open enrollment with waitlist as long as space remains available). All Stern undergraduate students who are registered for this course will be automatically evaluated for the need-based SAW: Mexico Stern Global Immersion Scholarship. Viewing an Info Session is required when enrolling in this course (requires Zoom sign-in via NYU SSO). |
| Late November | You will receive an email with next steps - including information on confirming your spot by submitting the program contract along with a copy of your valid passport (see passport information below). |
| Late November | Spring NYU Bursar bills post - will reflect program fee (see "Estimated Expenses" below) |
| Mid-December | You will be notified if you have received a SAW: Mexico Stern Global Immersion Scholarship. If so it will be automatically applied to your Spring Bursar bill to offset the program fee |
| Mid-December | Deadline to submit contract with copy of your valid passport |
| Early January | Spring NYU Bursar bills due |
| January 16, 2024 | Airline ticketing deadline - no additional trip participants can be added after this date This is also the deadline to drop this course. |
| January 22, 2024 | Class begins in NYC |
| Early March | In class trip pre-departure session |
| March 17 - 22, 2024 | Required Mexico City trip - this trip has a required group flight to/from NYC to Mexico City |
| May | SAW: Mexico class ends |
Estimated Expenses
Please note: Although you will register for this 3-credit course as part of your Spring schedule, NYU tuition and registration fees do not cover the additional fees for the trip to Mexico.
| You are Responsible For: | Estimated Expenses: | Notes: |
|---|---|---|
| Travel, Housing & Program Fee | $2,700 | Includes required group flight Global Immersion Scholarships available (see below). |
| Passport Renewal/Visa | *$150 – 175 | *Estimate. Your passport must be valid for six months after the trip concludes. Visas are not required for US Citizens. |
| Vaccinations/Travel Medication | *$50 – 200 | *Estimate. Vaccinations are not required for US Citizens, though recommended by the CDC. |
| Personal Expenses | *$200 – 300 | *Estimate. |
The Travel, Housing & Program Fee will be required of all participants* (see scholarship info below). It will be added to your Spring 2024 Bursar bill, which will be due in early January. Please check the NYU Bursar’s website for the Spring 2024 payment deadline. Please note: the Housing & Program Fee is non-refundable after the Spring 2024 drop/add period unless the trip is canceled by NYU Stern.
The Housing & Program fee covers:
- Required group flight to and from Mexico City
- Group Hotel in Mexico City (5 nights)
- Daily breakfast in hotel, other meals as listed on itinerary
- Local transportation
- Group excursions
Need-based Travel Scholarships
All Stern undergraduate students who register for this course will be automatically evaluated for a Stern Global Immersion Scholarship.
- This need-based award is to help cover the additional travel cost of participating in this program. Awards granted to eligible students will cover up to the cost of the Travel, Housing & Program fee for the travel portion of the class. Following is the SAW: Mexico Travel, Housing & Program fee for Spring 2024:
- Travel, Housing & Program Fee Mexico: $2,700 (included required group flight)
- Students must have a current FAFSA or CSS Profile application on file with NYU to be considered for an award. Students will be notified if they will receive a Stern Global Immersion Scholarship - and if so, the amount - according to the schedule above.
- *Note: If you have already received a Global Immersion Scholarship for another SAW short-term program, you will still be automatically considered for a scholarship for this program as well. However funds are limited and second scholarships cannot be guaranteed. Second scholarships will also most likely not cover the full Travel, Housing & Program fee.
Passport and Visa Requirements for All Participants
Passports: You must have a passport valid for more than six months beyond the dates of the trip. More information on how to renew or obtain a U.S. passport can be found on the U.S. Department of State's website. If you are an international student please contact your Ministry of Foreign Affairs. All NYU students are welcome to contact the NYU Office of Global Services (OGS) for assistance as well.
Visas: U.S. passports valid for more than six months beyond the dates of travel do not need a visa to enter Mexico. If you are not a U.S. citizen, please consult Mexico’s visa requirements. If you have questions, please contact the NYU Office of Global Services (OGS).
It is your responsibility to apply and receive the appropriate visas for your passport in a timely manner for the trip. Trip Program Fee refunds are not provided if you fail to secure your visa.