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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. 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
Marisa Alexandra Kefalidis
Stephen Lefebvre
Roger Nussenblatt
Gregory Pietrycha
C. Marisa Rodriguez
Rosemary Scanlon
Margaret Streicker-Porres
Meghan Taylor-Steshyn
James von Klemperer
Robert Wertheimer
Recent News
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Spring 2023 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
Pla4314‑1 Spring 2023
Real Estate Finance III
Chris Munsell
113 AVERY
TH 6:30 PM - 8:30 PM
FULL SEMESTER
3 Points
11561
PLA4328‑1 Spring 2023
Real Estate Finance III Tutorial
113 AVERY
W 7 PM - 8:30 PM
FULL SEMESTER
0 Points
11562
Pla6050‑1 Spring 2023
Internship
Rebecca Andersen Polimeda
BY APPOINTMENT
FULL SEMESTER
1.5 Points
11563
Pla6212‑1 Spring 2023
Affordable Housing, Development and Policy
Ed Poteat
209 FAYERWEATHER
TU 11 AM - 1 PM
SES A
1.5 Points
11566
Pla6231‑1 Spring 2023
Capital Partnership Structuring with Advanced Excel Modeling
Jose Lievano, Saam Alikhani
113 AVERY
TU 4 PM - 6 PM
SES A
1.5 Points
11568
Pla6236‑1 Spring 2023
Asset Management
Sara Queen
114 AVERY
W 5 PM - 7 PM
SES A
1.5 Points
11572
Pla6280‑1 Spring 2023
Project Management
Leeza Springer
114 AVERY
TU 5 PM - 7 PM
SES B
1.5 Points
11575
Pla6332‑1 Spring 2023
Real Estate Transactions Law
Nathalia Bernardo, Robert Wertheimer
113 AVERY
M 9 AM - 12 PM
SES B (3/6, 3/20, 3/27, 4/3)
1.5 Points
11577
Pla6333‑1 Spring 2023
Legal Elements of the Development Process
Richard Leland
113 AVERY
W 9 AM - 11 AM
SES A
1.5 Points
11580
Pla6335‑1 Spring 2023
Capstone: Development Case Studies
Patrice Derrington, Adam Lubinsky, Cecily King
113 AVERY
TH 9 AM - 12 PM
FULL SEMESTER
3 Points
11582
Pla6342‑1 Spring 2023
International RE Regions: Asia
Johnny Din
203 FAYERWEATHER
F 4 PM - 6 PM
SES A
1.5 Points
11612
Pla6342‑2 Spring 2023
International RE Regions: Brazil
Shawn Amsler
209 FAYERWEATHER
M 11 AM - 1 PM
SES A
1.5 Points
11613
Pla6357‑1 Spring 2023
Construction Management and Technology
John Lyons
113 AVERY
F 11 AM- 1 PM
FULL SEMESTER
3 Points
11585
Pla6384‑1 Spring 2023
Tax Issues in Acquisitions and Developments
Daniel Crowley
209 FAYERWEATHER
TU 9 AM - 11 AM
SES B
1.5 Points
11586
Pla6583‑1 Spring 2023
Private Equity Development: Hotels
Rani Gharbie Syllabus
209 FAYERWEATHER
W 4 PM - 6 PM
SES B
1.5 Points
11587
Pla6710‑1 Spring 2023
Capital Markets: Debt
Ed Adler
114 AVERY
TU 1 PM - 3 PM
SES A
1.5 Points
11588
Pla6712‑1 Spring 2023
Risk and Investment Management
Ryan Severino
114 AVERY
TU 11 AM - 1 PM
SES B
1.5 Points
11589
PLA6722‑1 Spring 2023
Real Estate Private Equity - Acquisition Analysis
Jiho Lee
113 AVERY
W 11 AM - 1 PM
SES B
1.5 Points
11590
Pla6745‑1 Spring 2023
Advanced Case Studies in Real Estate Analysis
Chris Munsell
209 FAYERWEATHER
TH 4 PM - 6 PM
FULL SEMESTER
3 Points
11591
Pla6748‑1 Spring 2023
Entrepreneurship In Buying Real Estate Assets
Masood Bhatti
209 FAYERWEATHER
W 4 PM - 6 PM
SES A
1.5 Points
11593
PLA6752‑1 Spring 2023
Real Estate Media + Marketing
Amir Korangy
209 FAYERWEATHER
W 2 PM - 4 PM
SES B
1.5 Points
11608
Pla6814‑1 Spring 2023
Advanced Affordable Housing Financial Analysis
C. Marisa Rodriguez
209 FAYERWEATHER
M 7 PM - 9 PM
SES B
1.5 Points
14569
Pla6831‑1 Spring 2023
Joint MSRED/MSUP Studio
Adam Lubinsky
209 FAYERWEATHER
F 1:30 PM - 3:30 PM
FULL SEMESTER
3 Points
11614
Pla6833‑1 Spring 2023
PropTech Seminar
James Orlando
113 AVERY
M 9 AM - 11 AM
TBA
1.5 Points
14570
Pla6849‑1 Spring 2023
Community Engagement and Land Trusts
Brian Loughlin
113 AVERY
F 2 PM - 4 PM
FULL SEMESTER
3 Points
14571
PLA6853‑1 Spring 2023
Joint M.Arch/RED Studio
Patrice Derrington, Christoph Kumpusch (By application only)
209 FAYERWEATHER
M 1:30 PM - 6:30 PM
FULL SEMESTER
4 Points
11614
PLA6863‑1 Spring 2023
International Design and Development
James von Klemperer, Forth Bagley
209 FAYERWEATHER
W 11 AM - 1 PM
SES A
1.5 Points
14572
PLA6869‑1 Spring 2023
Equitable Development
Cecily King
209 FAYERWEATHER
TH 1 PM - 3 PM
FULL SEMESTER
3 Points
11652
Pla8792‑1 Spring 2023
Individual Research
FULL SEMESTER
1.5 Points
16727
A4047‑1 Spring 2023
Immeasurable Sites
Emanuel Admassu
114 AVERY
W 11 AM - 1 PM
FULL SEMESTER
3 Points
11291
A4407‑1 Spring 2023
Methods in Spatial Research
Adam Vosburgh
WARE LOUNGE
F 9 AM - 11 AM
SES A
1.5 Points
11410
A4861‑1 Spring 2023
Footprint: Carbon and Design
David Benjamin
409 AVERY
TH 11AM - 1PM
FULL SEMESTER
3 Points
11468
A6675‑1 Spring 2023
Resilient Caribbean: Prototyping a Hub for the Dominican Republic
Nelson De Jesus Ubri, Vanessa Espaillat Lovett
115 AVERY
W 7 PM - 9 PM
FULL SEMESTER
3 Points
18430
A6897‑1 Spring 2023
Principles and Praxis of Spatial Justice
Ifeoma Ebo
504 AVERY
M 11 AM - 1 PM
FULL SEMESTER
3 Points
11294
Pla6816‑1 Spring 2023
JOINT MSRED/MSUP SEMINAR OPTION
Adam Lubinsky, Melissa Bindra
M 1:30-3:30
FULL SEMESTER
3 Points
18431
Pla6818‑1 Spring 2023
ADV VI STUDIO / SEMINAR OPTION
David Gissen
M 1:30-3:30
FULL SEMESTER
3 Points
18432
PLA6870‑1 Spring 2023
Sustainability and Energy Efficiency for CRE
Adrian Silver
209 FAYERWEATHER
TU 6:30 PM - 8:30 PM
SES B
1.5 Points
12012
A4063‑1 Spring 2023
Points Unknown: Cartographic Narratives
Joshua Begley
WARE LOUNGE
F 11 AM - 1 PM
FULL SEMESTER
3 Points
14552

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.