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M.S. Real Estate Development

Overview
The Master of Science in Real Estate Development program is a three-semester degree that combines the fundamental skills of professional real estate with a holistic approach to urban development as a creative act. The program is cross-disciplinary, drawing on its proximity to other modes of practice at the school, and is grounded in the three core tenets of global urban real estate development: the financial, the physical, and the social. It attracts future business leaders looking for an alternative to an MBA and committed architects hoping to run their own design/build firm. The program’s strength lies in its ability to weave current knowledge and best practices from the industry together with rigorous theoretical learning, incisive critical analysis, and immersive real-world case studies.

The Real Estate Development program is structured to provide a comprehensive understanding of finance and investment, project management, predevelopment analysis, zoning and planning, acquisition underwriting, and the value of design in real estate practices. In recent years, the program has greatly expanded its emphasis on financial investment and strengthened its relevancy in terms of real estate markets, introducing a new real estate technology sequence to the curriculum and increasing the availability of technology resources for research. The curriculum builds its foundational knowledge incrementally over the three terms: the first semester is dedicated to developing solid, core competencies and the majority of classes are required; the second, grants more space to focus on the development of specific industry interests; and the third consists mostly of deep-dive electives offered across GSAPP, Columbia Business School, Columbia School of International and Public Affairs, and Columbia Law School. The program culminates in a final Capstone project.

The program’s Capstone class begins with initial group work as students learn about five different active real estate case-study sites, and ends with individual Capstone projects. Students must create their own personalized Capstone “deal-book” (with all the relevant financial information, design proposals, and market analysis data), as well as deliver a presentation and defend their project to an audience of peers, alumni, and faculty. 

The Master of Science in Real Estate Development curriculum is bolstered by its proximity to the city and to the real-world opportunities that it offers: Professionals from the real-estate industry in New York City visit campus daily as adjunct professors, alumni mentors, and lunchbox lecture speakers. The program cohort also visits the Urban Land Institute (ULI) in Washington, DC every fall. Approximately a third of individuals in the program complete a part-time spring internship to gain additional work experience in NYC.

Contact

For more information on the program, please email Jessica Stockton King or call (212) 854-3524

For more information about Career Services, Industry Outreach & Placement, please email Rebecca Andersen Polimeda.

Curriculum

Intensive Summer Semester

The introduction to the program begins with immersion in real estate finance, construction technology, market analytics, and other foundational subjects. Electives are limited to allow students with diverse background experiences to build essential financial, graphic, and analytical competencies.

Expansive Fall Semester

While core skills continue to be developed—particularly in finance, history of development, and real estate law—students are given significant elective opportunities to broaden their theoretical and applied skill sets by concentrating on the unique finance or design course tracks available only at Columbia.

Integrated Spring Semester

With a central focus on capstone projects, complex financial and economic modeling, and public policy, students bring together a cross-disciplinary portfolio of independent and supervised research and coursework, graduating with a holistic professional foundation.

Columbia GSAPP MSRED Program Introduction
Current Faculty
Mitchell Adelstein
Nathalia Bernardo
William Heishman
Roger Nussenblatt
Gregory Pietrycha
Rosemary Scanlon
Margaret Streicker-Porres
James von Klemperer
Robert Wertheimer

Spring 2021 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
Pla4312‑1 Spring 2021
Real Estate Finance II: Case Studies
Patrice Derrington, Steven Bloom
W 6:30-8:30 PM
FULL SEMESTER
3 Points
12823
PLA4326‑1 Spring 2021
Real Estate Excel Modeling Tutorial II
TH 6:30-8:30 PM
FULL SEMESTER
0 Points
13302
PLA4327‑1 Spring 2021
Real Estate Modeling Tutorial II
Johnny Din
W 4:30 - 6 PM
FULL SEMESTER
0 Points
13303
Pla6050‑1 Spring 2021
Internship
FULL SEMESTER
1.5 Points
12829
Pla6212‑1 Spring 2021
Affordable Housing, Development and Policy
Ed Poteat
TU 11 AM - 1 PM
SES B
1.5 Points
12830
Pla6228‑1 Spring 2021
Alternative and Distressed Investment Strategies
Donald Sheets
W 2 PM - 4 PM
FULL SEMESTER
3 Points
12833
Pla6259‑1 Spring 2021
Capital Markets : REIT Analysis
David Kruth
TH 4 PM - 6 PM
FULL SEMESTER
3 Points
12834
Pla6272‑1 Spring 2021
History of Real Estate Development in New York City
Kate Ascher
HYBRID- WOOD AUDITORIUM
TH 11 AM -1 PM
SES A
1.5 Points
12866
Pla6281‑1 Spring 2021
Hotel Development and Investment Analysis
Adam Feil
REMOTE
F 9 AM - 11 AM
SES B
1.5 Points
12885
Pla6332‑1 Spring 2021
Real Estate Transactions Law
Robert Wertheimer, Nathalia Bernardo
M 9 AM - 11 AM
SES B
1.5 Points
12887
Pla6359‑1 Spring 2021
Global Real Estate Investing
Sonny Kalsi
TH 2 PM - 4 PM
SES B
1.5 Points
12892
Pla6377‑1 Spring 2021
Private Equity and Capital Raising
Michael Clark, Marc Weidner
TU 4 PM - 6 PM
SES A
1.5 Points
12902
Pla6384‑1 Spring 2021
Tax Issues in Acquisitions and Developments
Daniel Crowley
TU 9 AM - 11 AM
SES A
1.5 Points
12903
Pla6568‑1 Spring 2021
Public-Private Partnerships in Real Estate Development
Mehul Patel
TU 6:30-8:30 PM
SES B
1.5 Points
12904
Pla6595‑1 Spring 2021
Value of Design
Gene Kohn, James von Klemperer
W 11 AM- 1 PM
SES B
1.5 Points
12905
Pla6603‑1 Spring 2021
Lease Analysis & Financial Metrics
Sara Queen
F 9 AM - 11 AM
SES A
1.5 Points
12908
Pla6712‑1 Spring 2021
Risk and Portfolio Management
Ryan Severino
TH 2 PM - 4 PM
SES A
1.5 Points
12912
Pla6719‑1 Spring 2021
Building Adaptation and Reuse
Andy Golubitsky, Gabriel Randall Columbia MSRED Program office permission required
F 11 AM - 1 PM
SES B
1.5 Points
12714
PLA6721‑1 Spring 2021
Design By Development
Eran Chen
REMOTE
M 9 AM - 11 AM
SES A
12916
Pla6745‑1 Spring 2021
Advanced Case Studies in Real Estate Analysis
Chris Munsell
TU 6:30 PM - 8:30 PM
SES B
1.5 Points
12921
PLA6752‑1 Spring 2021
Real Estate Media + Marketing
Amir Korangy
TU 4 PM - 6 PM
SES B
1.5 Points
12922
PLA6806‑1 Spring 2021
The Real Estate Entrepreneur’s Process
Sean Cohane
TU 11 AM - 1 PM
SES A
1.5 Points
12926
PLA6853‑1 Spring 2021
Joint MSRED/M.Arch Studio
Christoph Kumpusch, Kate Ascher by application only
M 1 PM - 5 PM
FULL SEMESTER
4 Points
12929
PLA6862‑1 Spring 2021
The Implementation of the Development Process
Cecily King
TH 9 AM -11 AM
SES A
1.5 Points
13253
PLA6864‑1 Spring 2021
Reshaping the Urban Core
Cecily King, Kate Ascher
TH 9 AM - 11 AM
SES B
1.5 Points
13305
PLA6866‑1 Spring 2021
Proptech: Buildings Operation and Management
Adrian Silver
W 11 AM - 1 PM
SES A
1.5 Points
13306
PLA6868 Spring 2021
Data Analytics for Real Estate
Uday Menon
REMOTE
F 11 AM - 1 PM
SES A
1.5 Points
16655
PLA6870‑1 Spring 2021
Proptech: The Real Estate Development Process
Kurt Franz
REMOTE
TH 11 AM - 1 PM
SES B
1.5 Points
16658
Pla8792‑1 Spring 2021
Individual Research
FULL SEMESTER
1.5 Points
13307
A4063‑1 Spring 2021
Points Unknown: Cartographic Narratives
Juan Saldarriaga, Michael Krisch
REMOTE
F 11 AM - 1 PM
FULL SEMESTER
3 Points
11292
A4122‑1 Spring 2021
Mapping For Architecture Urbanism and Humanities
Emily Fuhrman
REMOTE
F 9 AM - 11 AM
FULL SEMESTER
3 Points
11295
A4407‑1 Spring 2021
Methods in Spatial Research
Dare Brawley
REMOTE
F 9 AM - 11 AM
SES A
1.5 Points
11822
A4411‑1 Spring 2021
Climate, Technology, and Society
Reinhold Martin
REMOTE
TU 9 AM - 11 AM
FULL SEMESTER
3 Points
13067
A4437‑1 Spring 2021
A Tale of Two Cities: New York and Johannesburg
Ifeoma Ebo
REMOTE
TH 8:30 AM - 10:30 AM
FULL SEMESTER
3 Points
13106
A4552‑1 Spring 2021
Dark Space: Architecture Representation & Black Identity
Mario Gooden
REMOTE
TU 11 AM-1 PM
FULL SEMESTER
3 Points
11841
P4050‑1 Spring 2021
UP Elective Internship
Emily Junker
REMOTE
BY APPOINTMENT
FULL SEMESTER
1.5 Points
12728

M.S. RED student Samuel Oketcho at the Fall 2016 ULI Conference in Dallas
The ULI Fall Meeting attracts more than 6,000 attendees annually, bringing together every sector of the real estate industry in one place. Columbia GSAPP’s M.S. RED students attended the Fall 2016 meeting in Dallas in full force, where student Samuel Oketcho was interview by ULI on his takeaways from the conference.