Real Estate Development

Study mode:On campus Study type:Full-time Languages: English
Foreign:$ 68 k / Year(s) Deadline: Jan 6, 2025
201–250 place StudyQA ranking:4728 Duration:2 years

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Housed in the David Eccles School of Business, the Master of Real Estate Development (MRED) program is designed for students who are looking to specialize in the real estate industry. Students come from multiple disciplines, including business, urban planning, finance, entrepreneurship, architecture, engineering, law, and many other professional backgrounds. The program is a joint venture between the David Eccles School of Business and the College of Architecture + Planning; the core courses are split between the two schools, while field area courses are allocated to the focus of the student. A unique benefit of this program is that all MRED students successfully completing their degree will also receive a Graduate Certificate in City & Metropolitan Planning. Other certificate options exist in field areas.

The MRED is a 42 semester credit program which is designed for both full time students and working professionals, and may be taken in a full-time or part-time format. The program of study consists of 42 credits in core courses and 6 elective credits from any graduate level course within the School of Business or College of Architecture and Planning. Consult the School of Business MRED web site for specific courses and scheduling.

Master of Real Estate Development degree is offered for those students whose primary interest lies in the area of real estate development, urban planning, real estate finance and sustainable design. In addition, 6 credits of elective classes allow students to add breadth to their program. Student will work with their academic advisor in selecting the appropriate electives for their goals.

The time required to complete the MRED depends upon the student’s background, employment and outside obligations. With an undergraduate degree from a business school which is nationally accredited by the AACSB, the program can be completed in one calendar year, requiring a minimum of 42 semester credit hours. Students without the pre-requisite coursework will require more time. The maximum time allowed for completion of required coursework is four consecutive calendar years.

Pre-Program Orientation


All MRED students complete a one-day orientation the week before classes begin in either Fall or Spring.  Students learn about working in teams, real estate industry networking, self-marketing and job search strategies.

Core Courses


  • FINAN 6710 - Real Estate Development Life Cycle 1.5 Credit(s)
  • FINAN 6720 - Real Estate Financial Modeling 1.5 Credit(s)
  • FINAN 6730 - Real Estate Analytics 3 Credit(s)
  • FINAN 6750 - Survey of Real Estate Development 3 Credit(s)
  • FINAN 6760 - Real Estate Finance 3 Credit(s)
  • FINAN 6780 - Real Estate Appraisal and Investing 3 Credit(s)
  • REDEV 6260 - Land Use Law 3 Credit(s)
  • REDEV 6390 - Sustainability Planning 3 Credit(s)
  • REDEV 6410 - Site Development and Entitlement Processes 3 Credit(s)
  • REDEV 6450 - Geographic Information Systems in Planning 3 Credit(s)
  • REDEV 6460 - Real Estate Market Analysis for Planning and Development 1 - 4 Credit(s)
  • REDEV 6960 - Special Topics 1 - 5 Credit(s)
  • Topic: RE Development Due Diligence

  • REDEV 6971 - MRED-Professional Project 3 Credit(s)

Application is made to both the Graduate School of the University and the David Eccles School of Business for the MRED program. GMAT or GRE scores are required. Applicants should consult the School of Business web site for complete instructions.

  1. Bachelor’s Degree from an accredited college or university
  2. 3.0 minimum GPA
  3. GMAT/GRE Score
  4. TOEFL/IELTS Score (only required for international students)
  5. Two Letters of Recommendation
  6. Essays
  7. Professional Resume
  8. Transcripts
  9. Application Fee
  10. School of Business Online Application

Prerequisites. Admission requirements for the MRED program are the same as the MBA program. Students are expected to have completed the following courses (or their equivalent) prior to entering the program:

  • Financial Management
  • Real Estate Principles (or hold a real estate license either active or inactive)

Scholarships

  • Graduate Fellowships: A number of graduate fellowships are available each semester. Students are awarded amounts ranging from $1,000 – $10,000, directly applied to fall and spring tuition bills in two equal payments (for example, a $5,000 award would be disbursed as $2,500 for fall and $2,500 for spring).
  • Non-Resident Graduate Fellowships: For students not meeting residency classification, including international students, financial awards are available to cover a portion of the difference between resident and non-resident tuition. These awards are applied directly to your tuition account, and eligible students must enroll in at least 9 credit hours per semester. This award is not applicable for summer semesters when all students pay resident tuition. Non-resident award amounts range from $7,500 – $19,000.
  • Graduate and Teaching Assistantships: A limited number of graduate and teaching assistantships are available each semester. Students are paid an hourly rate for a set number of hours per week and also receive a scholarship applied directly to their tuition bill. Assistantship applications will be sent to all eligible students when available – typically 1-2 months before the semester start. Assistantship awards range from $2,500 – $5,000.
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