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Course Details

Real Estate Development as a Policy Tool (Pritchett/Rachlin)

Spring 2026   LAW 667-401  

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Faculty
Wendell Pritchett

James S. Riepe Presidential Professor of Law and Education

pritchet@law.upenn.edu
Andrew Rachlin

andy.rachlin@gmail.com
Additional Information

Skills Training
Oral Presentations
Team Projects
Expository Writing

Grading
40% Participation,
60% Other (There will be a midterm project and a final project, each worth 30% of the final grade. )

Satisfies Senior Writing Requirement

No

Location

Class meets in person.

Course Continuity
Students are encouraged to stay home if you are ill or experience flu-like symptoms. If you miss a class for any reason, it is still your responsibility to make up the work missed.

I offer the following to students who miss class due to illness:

- I will make PowerPoint slides or other class materials routinely available on the course site to everyone in the class.

Meeting Times/Location
W 5:15PM - 8:15PM
Silverman Hall 240A

Category
Upper-Level

Credits
3.0

This course will examine approaches to real estate development as a policy tool, and specifically a tool to achieve traditional progressive policy objectives linked to social welfare and environmental sustainability – reducing poverty, improving health and education outcomes, lowering greenhouse gas emissions, etc. The course will focus on the practice of this work, covering financial, regulatory, and land use tools that are regularly utilized to achieve policy objectives via real estate development. The course will utilize Philadelphia as a primary case study, drawing on the work of guest speakers working as practitioners in the field to illustrate how these tools are implemented.

Each course session will be comprised of a lecture/case study that will present a progressive development tool or approach, explaining its mechanical workings and how it is applied in a real-world scenario, followed by a session explaining the range of projects in which that tool is utilized and its strengths and weaknesses relative to other approaches. Most classes will also include a practical component designed to give students direct exposure to each tool by working through a sample excel model or other exercise. A number of the case studies will be presented by guest speakers who are experts in that field, while the course instructor will lead the follow-up discussions and practical exercises.

Course Concentrations

Business and Corporate Law Learning outcomes: Demonstrate a core understanding of business and corporate law; Perform legal analysis in the context of business and corporate law; Communicate effectively on topics related to business and corporate law; Demonstrate an understanding of the interconnection between the world of business and finance and that of business and corporate law, and how they affect other areas of law and society.

Property and Real Estate Law Learning outcomes: Demonstrate a core understanding of property and real estate law; Perform legal analysis in the context of property and real estate law; Communicate effectively on topics related to property and real estate law; Demonstrate an understanding of how property and real estate law affect other areas of law.

Tax Law Learning outcomes: Demonstrate a core understanding of tax law and policy; Perform legal analysis in the context of tax law and policy; Communicate effectively on topics related to tax law and policy; Demonstrate an understanding of how tax law and policy affect other areas of law and business.

Environmental Law Learning outcomes: Demonstrate a core understanding of environmental law; Perform legal analysis in the context of environmental law; Communicate effectively on topics related to environmental law; Demonstrate an understanding of how environmental law affects other areas of law.