Real Estate Development (M.S.)
The Master of Science in Real Estate Development is designed to ensure that every graduate will have a grasp of the specialized legal, physical, analytical, and management concepts and skills required in the multidisciplinary, creative, and entrepreneurial world of real estate development. Important core elements include real estate finance, investment, law, land use, entitlements, design, planning, market analysis, feasibility analysis, construction, and project management.
CPI Code04.1001 - Real Estate Development.
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Admission to the Master of Science in Real Estate Development is highly selective. Requirements include superior performance in attaining the bachelor’s degree from an accredited institution. Successful candidates must demonstrate strong writing skills with the ability to effectively communicate concepts and ideas subtly and succinctly. Basic verbal, quantitative, and communication skills will be assessed prior to matriculation, and any deficiencies corrected prior to beginning the program’s core courses. A GMAT/GRE is not required but may be submitted by students for consideration toward admission. The committee will also consider the nature and extent of previous work, with preference given to those possessing a minimum of two or more years of professional experience.
Who Should Apply
Applicants should have a bachelor’s degree in business, accounting, finance, economics, design or construction or related field, and one year of professional experience; or a bachelor’s degree in another field and two years of professional experience in real estate, design, construction, business, or a related field. Ideal candidates include the following:
- Real estate asset management personnel who want to go to the next level in their career.
- Real estate developers, investors, owners, and attorneys who want to further their professional skills.
- Design and construction industry professionals who want to better understand the broader perspective of the real estate developer or sponsor of a project.
- Current or former M.S. in Real Estate, M.S. in Construction Management, Advanced Certificate in Real Estate Finance, and Advanced Certificate in Construction Management students who wish to add a specialized designation in Real Estate Development.
|The Real Estate Development Process
|Real Estate Legal Concepts and Contracts
|Real Estate Finance
|Real Estate Economics and Market Analysis
|Advanced Construction Methods and Materials
|Land Use Law
|Planning and Design for Development
|Pre-Construction Project Planning and Development
|Real Estate Valuation and Investment Analysis
|Real Estate Development Feasibility Study
|Select 6 credits from the list below.
|Real Estate Development Applied Project
Students who wish to receive both the Master of Science in Real Estate Development and the Advanced Certificate in Construction Management or the Advanced Certificate in Real Estate Finance may apply up to 9 credits of successfully completed coursework with a grade of B or better toward each program.
Courses in this group have the REDM attribute.
|Real Estate Accounting and Tax
|Real Estate Structures and Capital Markets
|Ethical Issues in Real Estate
|Advanced Construction Contracts, Claims, and Dispute Resolution
|Construction Financial Management
|Construction Cost Estimating and Bidding Strategies
|Construction Scheduling and Impact Analysis
|Construction Project Delivery
|Real Estate Asset Management
|Real Estate Credit Analysis and Underwriting
|Real Estate Financial Modeling
|Adaptive Reuse and Sustainability
|Commercial Mortgage-Backed Securities
|Development Project Leadership, Management and Communications
|Real Estate Investment Trusts
|Development Project Finance
|Building Systems, Operations, and Maintenance
|Global Real Estate Investment
|Real Estate Management
|Real Estate Entrepreneurship Business Planning
|Real Estate Technology
|Special Topics in Construction
|Special Topics in Real Estate
About the Curriculum
The 27-credit core curriculum is designed to give students an in-depth mastery of the academic disciplines and applied functional areas necessary to every real estate development professional’s success. The core leaves students with essential analysis, critical thinking and decision-making skills while creating a common student experience that fosters community. Students are required to complete all 10 courses in the core.
The 6-credit elective course requirement offers students the opportunity to immerse themselves in specialized topics of their choice. Students may assemble their own elective sequences or select the courses that are part of the Advanced Certificate in Construction Management or the Advanced Certificate in Real Estate Finance.
The 3-credit capstone (REAL 6400) is the culmination of all the knowledge and skills acquired throughout the program. Students must be able to assimilate all that they have learned in the core courses and apply it within the context of a real-world setting. Subject to advisor pre-approval, students will undertake an applied project under the direction of a faculty supervisor, that upon completion, will demonstrate professional level mastery of the subject matter involved.