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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
Marisa Rodriguez
Rosemary Scanlon
Margaret Streicker-Porres
Meghan Taylor-Steshyn
James von Klemperer
Robert Wertheimer

Summer 2021 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
Pla4310‑1 Summer 2021
Real Estate Finance I
Patrice Derrington REQUIRED- MSRED ‘22
113 AVERY
M 9 AM - 11 AM
FULL SEMESTER
3 Points
12531
PLA4311‑1 Summer 2021
Real Estate Finance Concepts Tutorial
MSRED ‘22
Online
TH 6:30 - 8:30 PM
FULL SEMESTER
0 Points
12533
Pla4314‑1 Summer 2021
Real Estate Finance III
Chris Munsell, Merrie Frankel REQUIRED- MSRED ‘21
Online
TU 6 PM - 8 PM
FULL SEMESTER
3 Points
12532
Pla4321‑1 Summer 2021
Real Estate Finance Tutorial
Johnny Din MSRED ‘22
Online
W 4 - 5:30 PM
FULL SEMESTER
1.5 Points
12536
Pla6050‑1 Summer 2021
Internship
Rebecca Andersen Polimeda MSRED ‘21 ONLY
Online
NA
FULL SEMESTER
1.5 - 3 Points
12539
Pla6231‑1 Summer 2021
Capital & Partnership Structuring with Advanced Excel Modeling
Jose Lievano MSRED ‘21
113 AVERY
W 11 AM - 1 PM
SES A
1.5 Points
12629
Pla6236‑1 Summer 2021
Asset Management
Sara Queen MSRED ‘21
Online
F 9 AM - 11 AM
SES A
1.5 Points
12630
Pla6244‑1 Summer 2021
In the Field
Robert Garneau MSRED ‘21 ONLY
TBA
TH 2 PM - 4 PM
SES A
1.5 Points
12631
Pla6251‑1 Summer 2021
Hotel Transactions
Todd Fieldston, Rick Kirkbride MSRED ‘21
Online
W 9 AM - 11 AM
SES A
1.5 Points
12632
Pla6265‑1 Summer 2021
Underwriting
Chris Munsell REQUIRED- MSRED ‘21
Online
W 6:30-8:30 PM
SES A
1.5 Points
12633
Pla6335‑1 Summer 2021
Capstone: Development Case Studies
Patrice Derrington, Brian Loughlin, Andy Golubitsky, Gabriel Randall REQUIRED-MSRED ‘21
113 AVERY
TH 6 PM - 9 PM
FULL SEMESTER
3 Points
12541
Pla6352‑1 Summer 2021
Market Analysis
Jonathan Miller REQUIRED LECTURE-MSRED ‘22
Online
TH 11 AM - 1 PM
SES B
1.5 Points
12636
Pla6357‑1 Summer 2021
Construction Management and Technology
MSRED ‘22
Online Mostly
F 9 AM - 11 AM
FULL SEMESTER
3 Points
12542
Pla6358‑1 Summer 2021
Real Estate Negotiation
MSRED ‘22 (or MSRED '21)
Online
W 1 PM - 4 PM
6/30-8/4
2 Points
12642
Pla6360‑1 Summer 2021
Development Analysis: Urban Planning
Kate Ascher, Adam Meagher MSRED ‘22
Online
TU 9 AM - 11 AM
FULL SEMESTER
3 Points
12544
PLA6373‑1 Summer 2021
Construction Management II
Richard Lambeck REQUIRED- MSRED ‘21
Online
M 6 PM - 8 PM
SES A
1.5 Points
12641
Pla6375‑1 Summer 2021
Advanced Commercial Leasing: Strategies and Negotiations
Martin Gold, Mitchell Nelson MSRED ‘21
Online
TU 9 AM - 11 AM
SES A
1.5 Points
12643
Pla6376‑1 Summer 2021
The Dealmaking Process
Mitchell Adelstein MSRED ‘22
ONLINE MOSTLY
M 4 PM - 6 PM
SES B
1.5 Points
12644
Pla6583‑1 Summer 2021
Private Equity Development: Hotels Focus
Rani Gharbie Syllabus MSRED ‘21
113 AVERY/ HYBRID
TH 1 - 3 PM
SES A
1.5 Points
12645
Pla6710‑1 Summer 2021
Capital Markets: Debt
Ed Adler MSRED ‘21, By Application
113 AVERY/ HYBRID
TU 1 PM - 3 PM
SES A
1.5 Points
12646
Pla6720‑1 Summer 2021
International REITs
David Kruth MSRED ‘21
Online
TH 4 PM - 6 PM
SES A
1.5 Points
12635
PLA6722‑1 Summer 2021
Real Estate Private Equity - Acquisition Analysis
Jiho Lee MSRED ‘21
Online
M 11 AM - 1 PM
SES A (6/7, 6/14, 6/21, 6/28, 7/12 and 7/19)
1.5 Points
12647
Pla6748‑1 Summer 2021
Entrepreneurship In Buying Real Estate Assets
Masood Bhatti MSRED ‘21
113 AVERY/ HYBRID
W 4 - 6 PM
SES A
1.5 Points
12649
Pla6769‑1 Summer 2021
The Architecture of Development
Brooks McDaniel MSRED ‘22
Online
W 7 PM - 9 PM
SES A
1.5 Points
12651
Pla6793‑1 Summer 2021
The Business of Development
Shai Shamir MSRED ‘22
113 AVERY
TH 11 AM - 1 PM
SES A
1.5 Points
12653
PLA6802‑1 Summer 2021
Environmental Sustainability
Stuart Brodsky MSRED ‘21 or '22
Online Mostly
TH 9 AM - 11 AM
SES A
1.5 Points
12655
PLA6806‑1 Summer 2021
The Real Estate Entrepreneur’s Process
Sean Cohane MSRED ‘22
113 AVERY/ HYBRID
W 9 AM - 11 AM
SES B
1.5 Points
12656
Pla6835‑1 Summer 2021
Intro to Capital Markets
Merrie Frankel MSRED ‘22
Online
M 11:30 AM - 1:30 PM
6/28, 7/7-8/9
1.5 Points
12648
PLA6840‑1 Summer 2021
Real Estate Investment Fundamentals
Clarence Radin REQUIRED ‘22
113 AVERY/ HYBRID
TU 6:30 PM - 8:30 PM
SES B
1.5 Points
12657
PLA6840‑2 Summer 2021
Real Estate Investment Fundamentals
REQUIRED ‘22
TBA/HYBRID
TU 6:30 PM - 8:30 PM
SES B
1.5 Points
12658
PLA6841‑1 Summer 2021
Real Estate in the Sharing Economy: Coworking/Cohousing/Co-Everything
Joshua Kahr MSRED ‘21 or MSRED '22
Online
TU 3:30 PM - 5 :30 PM
SES A
1.5 Points
12659
PLA6843‑1 Summer 2021
Property Technology Seminar
Brian Groudan MSRED ‘21
113 AVERY/ HYBRID
W 6 PM - 8 PM
SES B
1.5 Points
12662
PLA6881‑1 Summer 2021
Good Design is Good Business: Learning from Modern Architecture in Brooklyn
Raquel Ramati MSRED ‘21
Online
M (6/7, 6/14, 6/21, 6/28, 7/12, and 7/19), 9-11 AM
SES A
1.5 Points
13452
PLA6883‑1 Summer 2021
Pioneering Proptech
Ryan Severino MSRED ‘21
HYBRID
F (7/9, 7/16, 7/23, 7/30, 8/6, and 8/13) 11 AM - 1 PM
SES B
1.5 Points
13453
Pla8792‑1 Summer 2021
Individual Research
MSRED ‘21, Permission Required
Online
TBD
1.5 Points
12663

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.