Real Estate Development Master (MRED)
The Master of Real Estate Development (MRED) is a professional degree, training students in the areas of real estate development within the context provided by principles of sustainability, social equity, and community-based development. By its nature, real estate education is multi-disciplinary, involving finance, urban planning, architecture, law, engineering, design, appraisal, and other disciplines. To deliver this education, the MRED degree is a joint degree of the School of Business Administration and the Toulan School of Urban Studies and Planning.
The objective for this program is to provide a unique and exceptional graduate degree that will enable students to assist in the development, management and financing of property with an understanding of the role that such development plays in the context of broader community concerns and history, and in the context of the surrounding neighborhood and city. Students will work closely with high-level industry professionals in their classes and workshops.
The MRED degree is designed to accommodate students with a wide variety of undergraduate degrees and is best suited for students who have gained at least two years of industry experience prior to their admission date. The MRED program is designed to be completed in 12 months on a full-time basis or 24 months on a part-time basis. Full-time students are admitted for fall term only. Part-time students are admitted in fall or spring only.
Requirements
Students will develop their skills in three areas: sustainable urban development; real estate finance, markets and law; and project development, leading to the Real Estate Development Workshop culminating experience.
Sustainable Urban Development
| USP 527 | Downtown Revitalization | 3 |
| USP 569 | Sustainable Cities and Regions | 4 |
| USP 596 | Affordable Housing Finance | 3 |
| USP 612 | Community, Planning, and Ethics | 4 |
Finance, Markets, and Law
Project Development
| USP 523 | Real Estate Development I | 4 |
| USP 546 | Real Estate Development II | 4 |
| USP 624 | Development Project Design | 3 |
| RE 531 | Executive Perspectives on Real Estate | 1 |
| RE 562 | Real Estate Development Workshop | 4 |
| | | |
| | Electives | 10 |
Total Credit Hours: 55
Real Estate Development Workshop
The culminating experience of the MRED is RE 562 Real Estate Development Workshop. Students in that class form a team that produces a development proposal for a multi-block site in a major city, advised by local industry professionals. Each team will produce a professional report and present their findings before an audience of real estate professionals.