USC Price offers new degree

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first_imgThe Sol Price School of Public Policy is offering a new bachelor of science degree in real estate development this semester. Price is offering the new undergraduate degree almost 30 years after it became an industry leader by founding one of the first graduate real estate development programs in the country in 1986.Director Christian Redfearn emphasized the importance of wanting to “change the culture of real estate.” Redfearn expressed his interest in opening up 21st century educational opportunities to undergraduates.“We wanted a larger real estate community. The world has changed and [the real estate] industry has changed so much,” he said. “We sat down and talked to potential employers in the field and created an academic plan to submit to the dean which was approved. We are [still] tweaking — we took the building blocks from the graduate program and asked, ‘How do we build around them?’”Associate Director Sonia Savoulian said the bachelor of science degree intends to introduce students to the world of real estate development.“[The undergraduate program is] much more about laying a foundation, while the master’s in real estate development is really more about adding advanced training intended to be for people who have already been working in the [real estate development] field,” she said.Specifically the undergraduate program starts with a broader prerequisite track than the more advanced and specified master’s program. The undergraduate real estate development program also relies heavily on finance and accounting training, while the undergraduate policy, planning and development relies heavily on courses related to policy and governance issues.Redfearn believes that the undergraduate program provides a well-rounded approach in preparing not only graduate students but also undergraduates for the rigors of the real estate profession. Redfearn stressed the fact that the undergraduate real estate development program should rely heavily on an interdisciplinary tradition.“We want to produce really good thinkers. [Our program] is not finance and it’s not architecture — it’s a very interdisciplinary degree,” he said. “Many students don’t realize the large range of subjects and issues that are covered by real estate development.”Redfaern said it is crucial for students to be able to synthesize large amounts of information.“There are all of these trends — you are essentially making a bet on the area and the city [at large],” he said. “I want our students to consider the bigger picture.”Savoulian reinforced the importance of the bigger picture the real estate development major takes into account.“Our students are curious about the nature of cities,” Savoulian said. “While financial knowledge is important, in the big picture, they want to play a role in creating places in cities, they want to understand the urban context.”Samantha Schroff, a freshman majoring in real estate development, said she was drawn to the new program because of her diverse interests.“I had so many varied interests in real estate, business, finance, community service and philanthropy, and I really had no clue how I was going to be able to bring them all together,” she said in an email to the Daily Trojan. “And then I attended the Price reception on Admitted Student Day, and Professor Redfearn and Managing Director Sonia Savoulian, announced the real estate development bachelor of science [degree]. I felt a huge sense of relief and excitement because the [program] just really seemed to fit all of my criteria and was going to be able to join all of my diverse interests into one cohesive program of study.”At the beginning of the semester, Redfearn took the new students in the program to explore downtown Los Angeles.“We took 25 incoming undergrads on a tour,” Redfearn said. “We started at Grand Park, [and] we talked about the role of public transit in cities. We visited the real estate property manager for the L.A. Times, [and] we thought about why Whole Foods is coming downtown and the demographics of cities. By the end of the day, 25 students who thought they knew what real estate was were blown away. We raised their awareness.”Schroff said the tour reinforced her decision to pursue the new degree.“It was awesome to see how planning, finance, city leaders and real estate professionals all come together to work on a development project, and it is neat to see how DTLA is having a revitalization similar to downtown Santa Ana in Orange County,” she said.last_img

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Lloyds shares have fallen 25% in a month. Is this a buying opportunity?

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares See all posts by Edward Sheldon, CFA Lloyds shares have fallen 25% in a month. Is this a buying opportunity? Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. center_img Edward Sheldon owns shares in Lloyds Bank. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. In recent weeks, Lloyds Bank (LSE: LLOY) shares have plummeted due to the economic uncertainty associated with the coronavirus outbreak. In the space of just a month, Lloyds’ share price has fallen from around 57p to 43p, a decline of about 25%.After such a significant share price fall, many investors are likely to be wondering whether Lloyds shares are now a bargain. With that in mind, here’s my take on the investment case for Lloyds.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Rising dividendsLet me start by saying that Lloyds is a stock I’ve been relatively bullish on over the last few years. The bank has come a long way since the dark days of the Global Financial Crisis and profits have been on the rise. Dividends have also been on the up, and the yield on offer from the FTSE stock has often been very attractive. While recent full-year results for FY2019 were a little disappointing (mainly due to the significant cost of PPI charges), with earnings per share dropping from 5.5p to 3.5p, the bank still raised its dividend by 5% to 3.37p per share. That marked five consecutive dividend increases since the bank reinstated its dividend in FY2014 – a decent achievement. The group said that it “faces the future with confidence”, and that it remains well placed to “deliver strong and sustainable returns for shareholders” going forward.It’s worth noting that City analysts currently expect earnings per share of 6.82p this year, along with a dividend payout of 3.5p per share (a yield of around 8% at the current share price), which would represent a 4% increase in the dividend.Coronavirus impactThe problem now, however, is that the implications of the coronavirus outbreak add a high level of uncertainty to the investment case.As a UK-focused bank, Lloyds is highly exposed to the fortunes of the UK economy, which in turn, is exposed to global activity. If the coronavirus results in a severe economic contraction, which it may well do, Lloyds profits are likely to take a further hit. This could impact the bank’s ability to grow its dividend and result in a further share price fall. This is a risk that shouldn’t be ignored. Many experts now believe that UK economic growth is likely to stall in the near term. For example, last week, analysts at Deutsche Bank halved their UK growth forecast for this year to just 0.5%, a post-Global Financial Crisis low, because of the outbreak.Lower interest rates (the Bank of England has today slashed its base rate from 0.75% to 0.25%) are another problem for Lloyds. This is due to the fact that rate cuts reduce banks’ net interest spread – the difference between borrowing and lending rates. Again, this is likely to impact Lloyds’ profits and potentially its dividends.Overall, the investment case for Lloyds now looks far riskier.Speculative buyThat said, the stock does now look cheap. Assuming zero earnings growth this year, the P/E ratio is 12.4. And if we plug in the consensus earnings forecast of 6.8p, the P/E ratio is just 6.4. All things considered, I see Lloyds as a more speculative buy right now. There are risks to the investment case, however, if you’re willing to hold the stock for a few years, I think there’s a chance you could be rewarded, given the stock’s low valuation. Edward Sheldon, CFA | Wednesday, 11th March, 2020 | More on: LLOY last_img

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