Contents > College of Design > Real Estate Development
Real Estate Development
The Master of Real Estate Development (MRED) is unlike any other program in the nation. The MRED degree program is built upon an innovative transdisciplinary curriculum with a contributing core faculty from the Sandra Day O’Connor College of Law, Del E. Webb School of Construction, W. P. Carey School of Business and the College of Design.
The MRED is an accelerated, 30-week full immersion program focused on educating continuing students and midcareer professionals in the principles, practices, and transactions of real estate development. The curriculum is presented in a fast-paced topic sequence reflective of the contemporary real estate development process, revealing specific core knowledge segments and strategic decision-making tools during each of the nine program segments: valuation, segmentation, location, conceptualization, regulation, capitalization, construction, value realization, and community.
The unique curriculum includes group engagements in two synthesis projects and a capstone project, which serve as topical exercises and core knowledge demonstration events. Additional curricular engagements include relevant case studies, interactive classroom exercises, collaborative group assignments, the integration of topical research, site visits, professional mentor presentations, distinguished visitor lecturers, and social/networking events.
All students applying to the MRED degree program must meet ASU graduate admissions requirements and are required to take the GMAT, LSAT, or GRE. In addition, candidates applying to the MRED degree program are required to provide an essay succinctly addressing their goals within the real estate development industry (500 to 750 words). Applicants must also provide three letters of recommendation and a current résumé.
An admissions committee composed of faculty from each contributing school evaluates the application and supporting materials and makes recommendations to the Graduate College as to whether the applicant should be granted admission.
The comprehensive capstone project includes an oral defense of the work presented in addition to the final project presentation. Examination of the students’ mastery of the subject matter is administered by the core faculty. Each individual member of the group is questioned by the core faculty to ascertain mastery of the subject matter as a function of the group project. In addition, the final capstone project presentation is advertised and open to the public. After the presentations, the public is excused, and the students defend their final project before the core faculty.
Registration for MRED courses is limited to students who have been admitted into the MRED degree program.
While there are no specific course prerequisites, applicants must have communication skills, computer proficiency, Internet skills, and expertise in using a spreadsheet package, a word-processing package, a presentation software package, and an e-mail package. Potential students must also demonstrate a strong quantitative ability through an above-average performance (65th percentile or higher) on the GMAT quantitative section.
COURSES
Information about all courses is available on the Web at ASU Interactive. For more information, see Classification of Courses.
Contents > Top of Page > College of Design > Real Estate Development