Specialization Program
in Real Estate Management
The real estate industry, the “engine of the economy”, is characterized by huge local and international transactions in the order of hundreds of thousands to hundreds of millions of dollars. Activities in the real estate market combine a broad range of areas, including entrepreneurship, law, economics, finance, appraisal and valuation, engineering, planning, and marketing. The real estate industry offers substantial business opportunities, and succeeding in it is based on a deep understanding of the various areas of real estate, as well as business cycles, risk management, regulation, politics and more.
In the real estate specialization, emphasis is placed on integrating scientific thinking and practical experience in the real estate business world. Among the lecturers in the specialization are renowned real estate researchers and senior managers and entrepreneurs from the industry. The range of courses endows students with tools for analyzing and understanding the micro level activities of the players in the market (entrepreneurs, managers, clients, banks and so on) and the macro level, that is, interactions among the sub-markets of the real estate field, as well as interactions among the real estate markets and the other branches of the economy. In addition, students become acquainted with the sub-sectors of the market such as residential real estate, office, retail, and industrial real estate– in Israel and throughout the world.
Professor Danny Ben-Shahar
Head of the Real Estate Specialization
alrovinst@tauex.tau.ac.il
For whom is the specialization program intended?
The specialization program in real estate management is intended for students interested in acquiring academic knowledge and advanced practical tools for decision-making in the real estate market. Graduates of the program will find a career in the real estate market and fill positions such as:
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Managers in the real estate industry;
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Investment managers, bankers, risk managers, accountants, lawyers, and professional consultants in the field of real estate;
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Policy-makers in the area of real estate in the public and regulatory sectors;
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Real estate appraisers who are interested in broadening their knowledge and acquiring the latest advanced knowledge in the areas of the program;
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Real estate personnel wishing to specialize in the areas of the program.
Among the topics included in the program of study
real estate investment analysis, international real estate, real estate and the capital market, the real estate industry on the stock exchange in Israel, risk management in real estate financing and investments, tools for financing real estate in Israel and throughout the world, real estate project finance, estimating real estate returns, decision-making in real estate, analyzing financial statements and real estate value, real estate law, urban planning, urban economics, real estate taxation, government reforms in the real estate industry, financing real estate transaction processes, urban renewal, real estate acquisition groups, commercial real estate, residential real estate, behavioral economics in real estate, and more.
Lecturers
Adv. Eyal Azoury
Course Lecturer: Real Estate Taxation
Adv. Eyal Azoury is the founder of Eyal Azouri Law Offices, a firm specializing in legal counsel and comprehensive guidance for real estate tax transactions.
He previously served as Head of Real Estate Taxation in Tel Aviv and Netanya at the Israel Tax Authority, and as Legal Advisor to both the Real Estate Taxation and Income Tax departments within the Authority.
Professor Danny Ben-Shahar
Head of the Real Estate Specialization | Lecturer: International Real Estate Course & Real Estate Finance and Economics
Professor Danny Ben-Shahar is a faculty member at the Coller School of Management, Tel Aviv University and serves as the Director of the Alrov Institute for Real Estate Research. Ben-Shahar’s research focuses on the analysis of rational and irrational decision-making in the real estate market and socio-economic aspects of the housing market. Ben-Shahar’s publications appear in leading real estate and management journals. Ben-Shahar is a Weimer School Fellow at the Homer Hoyt Institute in Florida, USA and serves on the editorial boards of several academic journals. He also serves as a board member in several corporate entities in Israel. Ben-Shahar holds a B.A. in economics from Tel Aviv University and an MBA and a Ph.D. in finance and real estate from the University of California at Berkeley
Gil Rushinek
Lecturer: Real Estate Investment Analysis
Gil Rushinek is the Chairman of the Board at Electra Real Estate Ltd., a position he has held since 2022 after serving as the company’s CEO for seven years.
Under his leadership, Electra Real Estate significantly expanded its footprint in the United States, launching over eight investment funds and raising more than $5 billion from global investors. Gil's strategic vision played a central role in transforming Electra Real Estate into a major player in the multifamily real estate sector.
Gil’s background combines expertise in both law and business administration. Gil is also an active lecturer on real estate and investment strategy at Bar-Ilan University, Reichman University, and Tel Aviv University.
Idan Golomb
Course Lecturer: International Real Estate
Idan Golomb is the Head of International Real Estate at Clal Insurance and Finance, a major Israeli insurance company and pension fund manager with an AUM of about 110 billion USD, a role he has held for the past six years. Prior to this, he served as a Senior International Real Estate Investments Manager at Migdal Insurance, another major insurance company and pension fund manager. Idan holds an M.B.A. with a specialization in Real Estate Finance from Tel Aviv University, and a dual degree in Law (LL.B.) and Business Administration (B.A.) with a specialization in Finance from Reichman University.