The study of
real estate can
be categorized
by programs
offering an
interdisciplinary
approach, the
Master of Real
Estate
Development
programs or
universities
that offer a
traditional
degree Master
of Science in
Real Estate.
Programs may
award a Master
of Science,
Master, or
Master of Arts,
however, the key
indicator is to
review each
degree
curriculum
requirements.
Master of Real
Estate
Development
The Master of
Real Estate
Development
(MRED) programs
generally focus
on the three
main elements of
real estate
development.:
design, finance,
and policy.
Students are
generally
exposed to the
full range of
development
functions -
design,
construction
management,
market analysis,
finance, site
planning and
project
management and
operations, in
addition to all
real estate
product types -
residential,
retail, office,
hospitality, and
industrial.
Whether in the
context of urban
redevelopment,
historic
preservation, or
suburban growth,
MRED students
learn from the
developer's
perspective the
importance of
relevant issues
in law,
economics,
finance, market
analysis,
negotiation,
architecture,
urban history,
planning, and
construction
project
management.
The programs are
a full-immersion
focusing on the
entire real
estate and
development
process-from
dirt-to-deal,
finance to
façade-and
include industry
topics presented
by leading local
and national
developers. The
typical MRED
student is a
highly motivated
individual who
seeks to
radically alter
or enhance their
career paths and
join the real
estate
development
industry.
Students who
graduate from
the programs are
committed to a
career in real
estate
development with
skills to also
enter asset
management,
institutional
investment or
property
management. They
enter the real
estate
development
industry with a
keen awareness
of developing
projects that
are financially
viable,
economically
desirable,
politically
acceptable,
environmentally
respectful,
socially
responsible, and
contextually and
artfully
designed.
Curriculum
The curriculum
of a Master
of Real Estate
Development
program varies
slightly between
universities,
but is generally
consistent. Many
programs utilize
actual case
studies and
complex projects
to heighten the
student's
knowledge and
strategic
decision-making
skills. Credit
hours are
typically
between 30 and
40 hours.
Programs that
have more than
33 hours
typically
include
additional study
in business or
finance. A core
curriculum of 5
to 7 classes is
typicalat
Arizona State
University:
Real estate
development
principles
Market
Segmentation
and Analysis
Real Estate
Finance and
Analysis
Real Estate
Development
Project
Management
Advanced
Real Estate
Finance
Real Estate
Site
Analysis and
Design
Public
Entitlement
Process
In addition to
the core
curriculum,
Master of Real
Estate
Development
programs
typically offer
electives in the
following areas,
such as those
offered at
University of
Southern
California and
University of
Maryland.
Affordable
Housing
Multi-Family
Development
Public
Private
Partnerships
Sustainable
Development
In the final
semester a
candidate may
have to pass a
final
comprehensive
examination,
complete a
thesis for
publication, or
a prepare
development
project. A final
project
emphasizes the
analysis and
solution of a
real-world
development
case. Based upon
information
provided about a
particular
development
site, students
prepare a market
analysis, a
financial
feasibility
study, and a
site plan. The
student submits
a written
development
proposal which
is graded by his
or her peers,
the faculty, and
more often
industry
professionals.
List of United
States Graduate
Real Estate
Development
Programs
University
Degree
Location
Arizona
State
University
Master
of Real
Estate
Development
Tempe,
AZ
Auburn
University
Executive
Master
of Real
Estate
Development
Auburn,
AL
Clemson
University
Master
of Real
Estate
Development
Clemson,
SC
Columbia
University
Master
of
Science
in Real
Estate
Development
New York
City, NY
George
Mason
University
Master
of
Science
in Real
Estate
Development
Fairfax,
VA
Massachusetts
Institute
of
Technology
Master
of
Science
in Real
Estate
Development
Cambridge,
MA
New York
University
Master
of
Science
in Real
Estate
Development
New York
City, NY
Nova
Southeastern
University
Master
of
Science
in Real
Estate
Development
Fort
Lauderdale,
FL
Portland
State
University
Master
of Real
Estate
Development
Portland,
OR
Texas
A&M
University
Master
of
Science
in Land
Development
College
Station,
TX
University
of
Maryland
Master
of Real
Estate
Development
College
Park, MD
University
of Miami
Master
of Real
Estate
Development
and
Urbanism
Coral
Gables,
FL
University
of
Southern
California
Master
of Real
Estate
Development
Los
Angeles,
CA
University
of Utah
Master
of Real
Estate
Development
Salt
Lake
City, UT
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Graduate
programs
that
award
a
degree
of a
Master
of
Real
Estate
or
Master
of
Science
in
Real
Estate
is
typically
the
expansion
of
real
estate
courses
in a
MBA
program
or
Business
School
into
a
separate
degree.
Master
of
Science
in
Real
Estate
programs
focus
on
topics
of
real
estate
finance,
development
and
planning,
management,
investment,
economics,
and
accounting.
Some
universities
offer
a
variation
on
this
degree,
with
special
focus
in
finance,
valuation
or
analysis.
List
of
United
States
Graduate
Real
Estate
Masters
of
Science
Programs
