Real estate finance and development is designed for students interested in managing businesses associated with real estate and the planning, financing, developing and construction of building projects.

Graduates will be able to explore career opportunities in areas such as financial analysis, market analysis, mortgage banking, real estate development and real estate investment.

Real estate is the largest component of wealth and has been estimated to represent approximately one-half of the world’s wealth. Real estate generates over 28% of the U.S. GDP and creates jobs for nearly nine million Americans.

The real estate development, home building and construction industry employs more than 131,000 individuals in San Antonio. It has an economic impact of $19.4 billion each year, second only to the health care industry as an economic generator. Statewide, over 784,000 individuals are employed in the industry.

Department Office
Main Campus, Business Building (BB), 4.06.30
Monday thru Friday | 8 a.m. to 5 p.m.
210-458-7333

Tony Ciochetti Headshot

Contact

Tony Ciochetti, Ph.D.

Elmo James Burke Jr. Chair in Real Estate Finance and Development, Executive Director Embrey Real Estate Finance and Development Program

Finance

tony.ciochetti@utsa.edu
Walter M. Embrey Jr.

Our Benefactor

San Antonio real estate legend Walter M. Embrey Jr. made a $1 million gift in support of the college's real estate program. In recognition of his gift, the program was named after him in 2015.

Embrey Real Estate Finance and Development Program

Karan Bhanot Headshot

Karan Bhanot , Ph.D.

Department Chair in Finance, Professor, Finance

Tony Ciochetti Headshot

Tony Ciochetti, Ph.D.

Elmo James Burke Jr. Chair in Real Estate Finance and Development, Executive Director Embrey Real Estate Finance and Development Program, Finance

Laura Gilliland

Laura Gilliland

Assistant Director - Real Estate Finance and Development, Real Estate Finance and Development Program

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Willard McIntosh, Ph.D.

Adjunct Professor, Finance

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Michael Noll

Lecturer, Finance

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Michael Noll

Lecturer, Finance

Raymond Teske

Raymond H. C. Teske III, JD

Professor of Practice, Assistant Director RFD Program, Finance

Thomas Thomson

Thomas A. Thomson, Ph.D.

Quincy Lee Professor in Real Estate and Finance, Finance

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Robert Wehrmeyer, J.D.

Lecturer, Finance

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Robert Wehrmeyer, J.D.

Lecturer, Finance

Latest Real Estate News

Read All News Stories

October 12, 2023

Hispanic Heritage Month Spotlight: Stephanie Florez

Published by Alvarez College of Business

UTSA is proud to be a federally-designated Hispanic Serving Institution. Our foundation underpins our commitment to positioning Hispanic students, staff and faculty for growth, leadership and success. This month, we celebrate the Hispanic Heritage of the students and faculty roaming the halls of the Carlos Alvarez College of Business.

October 3, 2023

Real Estate Alumnus Matthew Reynolds Named Chief Financial Officer

Published by Alvarez College of Business

Growing up just 20 miles from campus in Boerne, Matthew Reynolds ,’12, MBA ’16 originally had his sights set on an education and career in mechanical engineering at another university.

March 16, 2023

Meet a Roadrunner: Russel Ogbor

Published by Alvarez College of Business

Meet Russel Ogbor, an undergraduate real estate finance and development student at the Carlos Alvarez College of Business!