Session 1: Applications open
A 3-week experiential program for students who want to build a career in real estate, taught inside a portfolio of 22 converted buildings.
Gain hands-on development experience abroad.
Build a financial model and pitch it to investors.
Stand out in real estate interviews and applications.
Session 1:
May 16 - June 5
*Classes are limited to
20 students per cohort
3 weeks
9 field days
A capstone pitch
Four pillars
A pro forma
Adventure
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Banking and consulting recruit on campus with a visible ladder. Real estate doesn't. Most students drawn to property only ever hear about brokerage and REIT analysis, and never learn where the value is made: the acquisition, the financing, the design decisions, the operations. The graduate degrees that teach this cost $60,000–$100,000 and assume you already know you want the career.
You'll leave with:
A full acquisition and conversion pro forma, built from an empty spreadsheet.
An investor deck, pitched to people who buy buildings for a living.
Your model marked in pen by an investor, assumptions circled, cells questioned.
A Deal Journal mapping which seat in the industry fits you.
An answer to "tell me about a deal" that most applicants can't give.
One of the most watched urban-living brands to come out of the southern hemisphere. Featured in Monocle, Dezeen, Wallpaper and The New York Times.
A company that took empty heritage buildings in downtown Cape Town and turned them into a global blueprint for neighbourhood-scale development, now expanding into Lisbon, Miami and beyond.
Murray started Neighbourgood in his twenties with one converted building and a conviction that cities are built neighbourhood by neighbourhood, not tower by tower. A decade later he's assembled a portfolio the industry studies, and become one of the most quoted operators on adaptive reuse, co-living and heritage-led regeneration.He doesn't send a deputy.
Murray personally opens the program, hosts the founder's evening, sits in the investment committee, and stays for the rooftop pitches. This is the access that makes the three weeks impossible to replicate anywhere else.
We didn't set out to build a property company. We set out to make neighbourhoods people would fight to live in. The buildings were just the tool.
Murray Clark
Each week takes on a different discipline of development while your own deal, an underperforming Cape Town building assigned in week one, moves toward Pitch Day.
Where the deal begins.
Walk five conversions in one afternoon, build your first acquisition model against an R80 million redevelopment, and stand on land the new airport is about to reprice. On Friday, your team gets its building.
The portfolio walk: 5 buildings
Winelands airport corridor
Reading a building
The pro forma
Underwriting
Buying is the visible part.
This week covers what decides whether it works: renovation budgets, communal space design, blended revenue, and a deal that failed, taught from its own documents.
Riverlands & the Amazon precinct
A mall repositioning, with Zenprop
Renovation costing
Revenue modeling
Space planning
Structure, refine, rehearse.
Structure the investment, refine the model, rehearse the pitch, and answer the questions District Six forces on every developer in this city: who does your conversion serve, and who could it push out? Friday is Pitch Day.
District Six Museum & Homecoming Centre
Pitch Day before an investor panel
Deal structuring
The investor deck
Q&A under pressure
Cape Town was named Time Out's Best City in the World in 2025. The same year, its airport passed 11 million passengers for the first time, international arrivals climbed 11%, and home prices grew at nearly double the national rate. Everyone wants a piece of this city, and it can't build fast enough.
Hemmed in by a mountain on one side and the Atlantic on the other, Cape Town has a housing shortage that deepens every year, as tourists keep landing and families from across South Africa keep moving in. That's exactly the kind of market where a developer's judgment matters most: demand is not the question. What to build, where, and at what price is.
A city building its way out.
Amazon's African headquarters, anchoring an entirely new precinct at Riverlands.
A second international airport planned for the Winelands, repricing land before a single flight lands.
Cranes over the old city: hotels, bank buildings, and warehouses being converted into housing block by block.
Outside the classroom.
Ocean, mountains, and iconic nature.
Cultural heritage and diversity.
Safe student housing and local support.
No experience required. Across three weeks you practise the moves an analyst learns in their first year inside a development company, all on the same building, so the skills compound instead of scatter.
Read.
Walk a building and price what it's worth as it stands.
Model.
Build the acquisition pro forma from an empty sheet.
Cost.
Price the conversion, and find where budgets die.
Structure.
Blend the revenue, bring in the investors.
Pitch.
Hold your numbers under questioning.
Numbers + judgment.
Every deal is tested against the four ways property pays: income, appreciation, debt paydown, tax, because most bad deals look fine on one.
The same moves a first-year analyst is trained on inside a development firm, practised here on Cape Town buildings, with pro formas and occupancy data drawn from the portfolio itself.
Condition, zoning, heritage status, floor plate, and the question underneath: what is this worth as it stands, and to whom?
Build the full pro forma: purchase price, renovation and soft costs, financing, blended revenue, returns. Then defend the answer.
Unit mix, communal kitchens, coworking floors, and programming, treated as revenue drivers with costs attached, not decoration.
Fractional co-ownership from R100,000, LP/GP economics, investor terms, and what goes into a quarterly investor report.
Plus: work with AI the way the industry actually does.
How analysts use AI to screen deals, build models, and speed up due diligence, and what still has to be verified by a person standing in the building.
On the first Friday, your team receives the Building File: photographs, a zoning extract, floor areas, the asking price. The building is somewhere in Cape Town, it is underperforming, and it is yours for two weeks. You walk it that afternoon and photograph it from the street.
Over weeks two and three you price the acquisition, design the conversion, model the revenue, and structure the investment with feedback from the people who do this for a living.
On the final Friday you pitch it: twenty minutes and ten of questions, before Neighbourgood's leadership and a panel of Cape Town investors. The street photograph opens your deck. Judgment comes with reasons.
One option is always on the table: the case for not buying. A team that proves the deal shouldn't be done, with a model behind the proof, can win Pitch Day.
Rated the #1 best city in the world, Cape Town is where mountains meet the ocean, where Europe meets Africa meets Silicon Valley. Your next chapter begins here.
The scenery is unreal. Hikes, beaches, everything is incredible.
Sam Laughlin, Management Consulting, 2025
You can never get enough hikes in Cape Town.
Danielle Radford, Data Science
This city is a postcard.
Sophie Schenkel, Data Science
Typical weekday.
7:00 AM
Coffee on the coworking floor.
8:30 AM
Seminar: renovation costing.
12:00 PM
Lunch with classmates.
1:30 PM
Field: a conversion mid-build.
4:30 PM
Capstone team working session.
7:00 PM
Rooftop dinner.
Typical weekend.
6:30 AM
Sunrise hike up Table Mountain.
10:00 AM
Oranjezicht market for lunch.
1:00 PM
Beach time at Camps Bay.
4:00 PM
Walk your capstone’s neighbourhood.
7:00 PM
Dinner on Bree Street.
Thousands of students have trusted iXperience to deliver an unforgettable study abroad experience. Our safety approach combines experienced on-the-ground staff, carefully selected accommodation, clear safety protocols, and 24/7 support - giving students the freedom to explore with confidence and parents complete peace of mind.
With decades of military and police experience, a global security network, and 24/7 on-the-ground support, your safety isn’t just a promise, it’s our proven standard.
Jakobus van Aarde
Global Operations Manager at iX
Complete program fees for your Cape Town experience. iXperience offers needs-based financial aid that you can apply for during the application process.
Choose the plan that suits you. Every plan includes the $950 deposit due at enrolment.
A single up-front payment, with no interest.
Deposit payment due at enrolment ($950), remaining payments spread over 2 months ($2,975 per month).
The above amount includes no interest.
Deposit payment due at enrolment ($950), remaining payments spread over 4 months ($1,532.13 per month).
The above amount includes the 3% interest fee.
Deposit payment due at enrolment ($950), remaining payments spread over 6 months ($1,041.25 per month).
The above amount includes the 5% interest fee.
Shared accommodation.
Airport transfers.
Developer and investor instruction.
Field experiences.
Capstone project support.
On-the-ground support and safety systems.
Flights and meals. Considering where all of our students come from, and the broad spectrum of dietary requirements, your flights and food are not included in the tuition fees. Orientation will include information on where to shop, what dining options are around, and what’s affordable, local and tasty. Costs vary between our campus cities.
Extra excursions. Each of our campus cities has a host of adventures available for you and your new friends to go on. We’re happy to make recommendations and point you in the right direction, but note that additional experiences outside of the official program are for your own cost.
Extra accommodation and transfers. It will be your responsibility to cover the costs of accommodation and transportation if you choose to arrive before the confirmed arrival day, typically the Sunday before the program begins. The same applies if you decide to stay on after the program ends.
Transport to and from your internship. While most of the internships will be concentrated around the campus location, getting yourself to and from meetings will be at your own expense. We’ll brief you on transport options during orientation, and there will be info in your internship pack that you’ll receive in the first week of the program.
From choosing your program to securing your spot, the whole process takes just a few days. No lengthy forms, no guesswork.
Choose a program that suits you.
Pick a program that fits your goals or helps you discover new career interests.
Apply for your chosen program.
Answer a few questions so we can review your application.
Get invited to a 1-on-1 interview.
You’ll be invited in 3 days. Interviews are 20 minutes and require no preparation.
Secure your spot.
If accepted, you’ll access a place on the iXperience 2027 program.
Apply for Summer 2027. Join thousands of students who've transformed their futures. Spots are limited by course and location.
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