Real Estate Development

The Bachelor of Science in Real Estate Development at the University of Utah is a comprehensive program designed to prepare students for successful careers in the dynamic and multifaceted field of real estate development. This program offers a blend of theoretical knowledge and practical skills, enabling students to understand the full lifecycle of real estate projects from conception and planning to construction, investment, and management. Students will explore core disciplines such as urban planning, real estate finance, market analysis, environmental sustainability, and legal considerations, equipping them with a well-rounded understanding of the industry. Through rigorous coursework, students gain proficiency in assessing market opportunities, developing financial models, and applying ethical principles in development practices. The program emphasizes experiential learning, encouraging students to participate in internships, real-world project simulations, and collaborations with industry professionals, thereby fostering critical thinking, strategic decision-making, and effective communication skills. The curriculum is designed to meet the evolving needs of the real estate sector, integrating emerging trends such as smart growth, sustainable development, and technological innovations. Graduates of this program will be prepared to pursue careers in real estate development firms, investment companies, governmental agencies, and private consulting practices. They will possess the technical expertise, strategic mindset, and ethical grounding necessary to contribute positively to urban growth and community development. The University of Utah’s location in Salt Lake City, a thriving economic hub, offers students unique opportunities for field experiences and industry engagement, providing a strong foundation for their professional journey in real estate development. The program also seeks to foster a collaborative learning environment, encouraging students to work on multidisciplinary teams and develop leadership skills essential for success in the competitive real estate industry.

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.

The University of Utah offers a comprehensive program in Real Estate Development designed to prepare students for careers in the dynamic and multifaceted field of real estate. This program provides students with a solid foundation in the principles of real estate, including property development, finance, law, management, and urban planning. Students gain hands-on experience through practical projects, internships, and collaborations with industry professionals, ensuring they are well-equipped to meet the demands of the real estate industry. The coursework covers critical areas such as real estate investment analysis, market analysis, sustainable development practices, and the regulatory environment influencing real estate projects. The program emphasizes innovative approaches to development, integrating sustainable and responsible practices to address contemporary challenges in urban growth and environmental impact.

Students have access to cutting-edge facilities and resources, including dedicated labs and software for real estate modeling and analysis. The program also benefits from the university's strong connections with the local real estate industry and urban development sectors, providing valuable networking opportunities and potential employment pathways. Graduates of the program are prepared for various roles within the industry, including real estate developer, investment analyst, project manager, urban planner, and property manager. The program aims to develop strategic thinking, analytical skills, and ethical considerations essential for responsible development and investment decisions.

Furthermore, the program encourages interdisciplinary learning, combining elements of business, architecture, and environmental studies, to foster a holistic understanding of real estate development processes. The faculty comprises experienced professionals and researchers dedicated to advancing the field and supporting student success. Overall, the University of Utah’s Real Estate Development program offers a rigorous, forward-thinking educational experience aimed at cultivating innovative leaders in the real estate sector.