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Real Estate Development

The Final Practicum

The Final Practicum-A Real Deal Competition

Two capstone classes on commercial and residential community development (usually combined for a mixed-use development) pit three to four, competitive internal MRED student teams against each other to prepare a detailed feasibility analysis and proposal for real development sites in conjunction with developers in Charlotte, Atlanta, Asheville, Greenville, Columbia, Charleston and other regional locations. Professional juries evaluate student team proposal presentations. The curriculum concludes with this significant 6-credit practicum as a real feasibility study for a real deal with developers, financial institutions, brokers, economic development officials, and designers on the jury—a synthesis of their academic career. 

Since 2004, The Carolinas Chapter of the Society of Industrial and Office Realtors® (SIOR®) and the SIOR Foundation® (SIORF®) have awarded an annual scholarship fund for the graduating students, based on this annual competition. 

The Capstone Practicum Course has three to four competing internal teams preparing a complete feasibility package presented to an investment jury for a site; these are usually mixed-use sites in Atlanta, Charlotte, Columbia, Charleston, Greenville, Asheville and other regional locations. The curriculum concludes with this significant 6-credit practicum as a feasibility study for a real deal, synthesizing the program.

Practicum Year Practicum Site
Summer 2021 Greenville, SC--Downtown East
Summer 2020 Greenville, SC--various city locations
Fall 2019 Greenville, SC--Furman University
Summer 2019 Charleston, SC--45 Romney Street
Fall 2018 Greenville, SC--Cone Mills/U.S. Finishing Plant
Summer 2018 Spartanburg, SC--578 North Church Street
Summer 2018 Pendleton, SC--Pendleton Oil Mill
Spring 2017 Greenville, SC--Village of West Greenville
Spring 2016 Charleston, SC--Morrison Drive
Spring 2015 Charlotte, NC--Chadbourn Mill

The Clemson Library keeps select MRED student practicum presentations on file through their Tiger Prints System as non-thesis final projects. Note: Non-thesis Final Projects are accessible only to those on a Clemson University IP address or using Clemson's VPN service. 

 

Pendleton Oil Mill in Pendleton, SC, the site of a Summer 2018 Practicum.
Pendleton Oil Mill, Pendleton, SC. One of two Summer 2018 practicum sites.

Proud Recipient of SIOR® Funding—Towards the Annual Practicum Competition

Since 2004, The Carolinas Chapter of the Society of Industrial and Office Realtors® and the SIOR Foundation® have awarded an annual scholarship fund for the graduating students of Clemson University’s Master of Real Estate Development Program. 

The MRED program has been very active with the Carolinas Chapter including the program’s founding director being involved annually as Moderator and Presenter in the Upstate Market Trends Forecast since 2004. These students have contacts with numerous Carolina SIOR® members during their program.

The Carolinas Chapter is one of 48 chapters of the prestigious international association. Commercial real estate professionals must meet rigorous requirements to earn the SIOR designation. Founded in 1941, The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® is the leading professional commercial and industrial real estate association, based in Washington D.C. SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.

SIOR has certified thousands of members with the prestigious SIOR designation, a professional symbol of the highest level of knowledge, production, and ethics in the real estate industry. Real estate professionals who have earned the SIOR designation are recognized by corporate real estate executives, commercial real estate brokers, agents, lenders, and other real estate professionals as the most capable and experienced brokerage practitioners in any market. SIOR designees can hold the following specialty designations: industrial, office, sales manager, executive manager, or advisory service.

SIOR also consists of associate members who include corporate executives, developers, educators, and others involved in the commercial real estate industry. Dr. Benedict is an active SIOR Educator Associate.

A professional affiliate of the NATIONAL ASSOCIATION OF REALTORS®, SIOR is dedicated to the practice and maintenance of the highest professional and ethical standards. SIOR maintains a commitment to business and industry by providing outstanding professional services, publications, and educational programs.

The SIOR Foundation’s mission is to promote and support initiatives that expand, educate, and enrich the commercial real estate community. Established in 1962 to publish the industry’s first graduate level textbook on industrial real estate, SIOR Foundation has maintained its dedication to expanding understanding of the commercial real estate industry. The Foundation has a matching scholarship program available to the local SIOR Chapters.

Master of Real Estate Development
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