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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

Fall 2022 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
Pla4312‑1 Fall 2022
Real Estate Finance II: Case Studies
Chris Munsell
113 AVERY
TH 6:30 - 8:30 PM
FULL SEMESTER
3 Points
13141
PLA4326‑1 Fall 2022
Real Estate Financial Concepts Tutorial II
Stephen Lefebvre
113 AVERY
W 4:30 PM - 6 PM
FULL SEMESTER
0 Points
13142
PLA4536‑1 Fall 2022
The Development Process I
Kate Ascher
113 AVERY
TH 11 AM - 1 PM
SES A
1.5 Points
13167
Pla4538‑1 Fall 2022
Real Estate Entrepreneurialism For Architects, Builders, Developers, Buyers & Sellers
Sean Cohane
113 AVERY
F 2 PM - 4 PM
FULL SEMESTER
3 Points
13143
PLA4539‑1 Fall 2022
The Development Process II
Cecily King
113 AVERY
TH 11 AM - 1 PM
SES B
1.5 Points
13168
PLA4543‑1 Fall 2022
Development Process Lab
Ian Nicholson
113 AVERY
W 11 AM - 1 PM
FULL SEMESTER
0 Points
13169
Pla6050‑1 Fall 2022
Internship
Rebecca Andersen Polimeda
FULL SEMESTER
1.5 Points
13145
Pla6244‑1 Fall 2022
In the Field
Robert Garneau
113 AVERY
TU 2 PM - 4 PM
SES A
1.5 Points
16098
Pla6252‑1 Fall 2022
Architect and Developer Dialogues
Raquel Ramati
113 AVERY
TU 1 PM - 3 PM
SES B
1.5 Points
13147
Pla6259‑1 Fall 2022
Capital Markets : REIT Analysis
David Kruth
113 AVERY
W 2 PM - 4 PM
FULL SEMESTER
3 Points
13179
Pla6265‑1 Fall 2022
Underwriting
Chris Munsell
113 AVERY
TH 4 PM - 6 PM
SES A
1.5 Points
13180
Pla6265‑2 Fall 2022
Underwriting
Robert Schoetz
113 AVERY
TH 9 AM - 11 AM
SES B
1.5 Points
13181
PLA6268‑1 Fall 2022
Underwriting Lab
Jake Pesci
113 AVERY
TU 9 AM - 11 AM
FULL SEMESTER
0 Points
13182
Pla6274‑1 Fall 2022
Residential Development & Asset Strategy
Margaret Streicker-Porres
113 AVERY
TH 9 AM - 11 AM
SES A
1.5 Points
13184
Pla6281‑1 Fall 2022
Hotel Development and Investment Analysis
Adam Feil
209 FAYERWEATHER
F 9 AM - 11 AM
SES B
1.5 Points
13185
Pla6359‑1 Fall 2022
Global Real Estate Investing
Shawn Amsler
209 FAYERWEATHER
M 11 AM - 1 PM
SES B
1.5 Points
13186
Pla6377‑1 Fall 2022
Funds Management and Capital Raising
Marc Weidner, Michael Clark
113 AVERY
TU 4 PM - 6 PM
SES A
1.5 Points
13187
Pla6378‑1 Fall 2022
The Art of the Development Proposal
Brian Loughlin
114 AVERY
W 6 PM - 9 PM
FULL SEMESTER
3 Points
13188
Pla6568‑1 Fall 2022
Public-Private Partnerships in Real Estate Development
Mehul Patel
209 FAYERWEATHER
M 6:30 PM - 8:30 PM
SES B
1.5 Points
13189
Pla6603‑1 Fall 2022
Lease Analysis & Financial Metrics
Sara Queen
113 AVERY
TU 6:30 PM - 8:30 PM
SES A
1.5 Points
13191
Pla6719‑1 Fall 2022
Building Adaptation and Reuse
Andy Golubitsky, Gabriel Randall
209 FAYERWEATHER
F 9 AM - 11 AM
SES A
1.5 Points
13192
PLA6721‑1 Fall 2022
Design by Development: Possibilities of Form
Eran Chen
209 FAYERWEATHER
M 9 AM - 11 AM
SES B
1.5 Points
13195
PLA6798‑1 Fall 2022
Legal Principles of Real Estate
Mitchell Nelson
113 AVERY
W 9 AM - 11 AM
SES A
1.5 Points
13196
PLA6847‑1 Fall 2022
Proptech: Nothing Ventured, Nothing Gained
Zachary Aarons
209 FAYERWEATHER
M 11 AM - 1 PM
SES A
1.5 Points
13197
PLA6885‑1 Fall 2022
Redevelopment Implementation
Brooks McDaniel
113 AVERY
TU 6:30 PM - 8:30 PM
SES B
1.5 Points
13199
PLA6889‑1 Fall 2022
Design by Development: Public Interface
James Lima
209 FAYERWEATHER
TH 4 PM - 6 PM
SES B
1.5 Points
13432
PLA6891‑1 Fall 2022
Design by Development: Markets + Amenities
Alex Barrett
209 FAYERWEATHER
TU 4 PM - 6 PM
SES B
1.5 Points
13433
Pla6330‑1 Fall 2022
Site Planning & Support Systems
Graham Trelstad
WARE LOUNGE
F 9 AM - 11 AM
FULL SEMESTER
3 Points
12518
A6897‑1 Fall 2022
Principles and Praxis of Spatial Justice
Ifeoma Ebo
412 AVERY
TU 3 PM - 5PM
FULL SEMESTER
3 Points
12239
A4892‑1 Fall 2022
Data Visualization for Architecture, Urbanism and the Humanities
Jia Zhang
409 AVERY
F 9 AM -11 AM
FULL SEMESTER
3 Points
12257
A4341‑1 Fall 2022
Traditional American Architecture
Andrew Dolkart
WARE
TU 11 AM - 1 PM
FULL SEMESTER
3 Points
10720
A6830‑1 Fall 2022
Difference and Design
Justin Moore
412 AVERY/ONLINE
F 11 AM - 1 PM
FULL SEMESTER
3 Points
10721
Pla6272‑1 Fall 2022
New York Rising: How Real Estate Shapes the City
Kate Ascher
114 AVERY
F 11 AM - 1 PM
FULL SEMESTER
3 Points
13183

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.