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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
Stephen Lefebvre
Roger Nussenblatt
Gregory Pietrycha
C. Marisa Rodriguez
Rosemary Scanlon
Margaret Streicker-Porres
Meghan Taylor-Steshyn
James von Klemperer
Robert Wertheimer

Fall 2021 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
P6798‑1 Fall 2021
Legal Principles of Real Estate
Mitchell Nelson RED ONLY
113 AVERY
W 9 AM - 11 AM
SES A
1.5 Points
11972
Pla4312‑1 Fall 2021
Real Estate Finance II
John Bazzano
113 AVERY
TH 6:30 - 8:30 PM
FULL SEMESTER
3 Points
11925
PLA4326‑1 Fall 2021
Real Estate Financial Concepts Tutorial II
Stephen Lefebvre MSRED students only
209 FAYERWEATHER
W 4:30 PM - 6 PM
FULL SEMESTER
0 Points
11926
PLA4327‑1 Fall 2021
RE Financial Modeling Tutorial II
Patrick Hutson
113 AVERY
W 4 PM - 5:30 PM
FULL SEMESTER
0 Points
11928
Pla4538‑1 Fall 2021
Real Estate Entrepreneurialism For Architects, Builders, Developers, Buyers & Sellers
Sean Cohane
114 AVERY
W 11 AM - 1 PM
FULL SEMESTER
3 Points
11930
Pla6050‑1 Fall 2021
Internship
Rebecca Andersen Polimeda By Permission Only for MSREDs
NA
NA
FULL SEMESTER
1.5 Points
11933
Pla6222‑1 Fall 2021
Affordable Housing Finance
Richard Froehlich
209 FAYERWEATHER
TU 9 AM - 11 AM
FULL SEMESTER
3 Points
11934
Pla6265‑1 Fall 2021
Underwriting
Robert Schoetz
113 AVERY
TH 4 PM - 6 PM
SES B
1.5 Points
11961
Pla6265‑2 Fall 2021
Underwriting
Chris Munsell
113 AVERY
TU 7 PM - 9 PM
SES B
1.5 Points
18881
Pla6274‑1 Fall 2021
Residential Development & Asset Strategy
Margaret Streicker-Porres
WARE LOUNGE
TH 9 AM -11 AM
SES A
1.5 Points
11963
Pla6281‑1 Fall 2021
Hotel Development and Investment Analysis
Adam Feil by application only
209 FAYERWEATHER
F 9 AM - 11 AM
SES B
1.5 Points
11952
Pla6335‑1 Fall 2021
Capstone Independent Study
FULL SEMESTER
3 Points
11964
Pla6359‑1 Fall 2021
Global Real Estate Investing
Shawn Amsler RED ONLY, BY APPLICATION
209 FAYERWEATHER
M 1:30 PM - 3:30 PM
SES B
1.5 Points
11965
Pla6368‑1 Fall 2021
Predevelopment and Development
Kate Ascher, Cecily King
113 AVERY
TH 11 AM - 1 PM
FULL SEMESTER
3 Points
11954
Pla6377‑1 Fall 2021
Funds Management and Capital Raising
Marc Weidner, Michael Clark
114 AVERY
TU 4 PM - 6 PM
SES A
1.5 Points
11966
Pla6378‑1 Fall 2021
The Art of the Development Proposal
Brian Loughlin RED ONLY
114 AVERY
W 6 PM - 9 PM
FULL SEMESTER
3 Points
11955
Pla6568‑1 Fall 2021
Public-Private Partnerships in Real Estate Development
Mehul Patel
209 FAYERWEATHER
TU 6:30-8:30 PM
SES B
1.5 Points
11967
Pla6569‑1 Fall 2021
Comparative Global Real Estate
Rasheed Chahal
113 AVERY
W 9 AM - 11 AM
SES B
1.5 Points
11968
Pla6603‑1 Fall 2021
Lease Analysis & Financial Metrics
Sara Queen
113 AVERY
TU 6:30 PM - 8:30 PM
SES A
1.5 Points
11969
Pla6719‑1 Fall 2021
Building Adaptation and Reuse
Andy Golubitsky, Gabriel Randall GSAPP class open to multiple programs by application
209 FAYERWEATHER
F 11 AM - 1 PM
SES B
1.5 Points
11970
PLA6721‑1 Fall 2021
Design By Development
Eran Chen
114 AVERY
M 9 AM - 11 AM
SES B
1.5 Points
11971
Pla6740‑1 Fall 2021
Construction Law: Negotiation and Management
Lisa Howlett
209 FAYERWEATHER
M 4 PM - 6 PM
SES A
1.5 Points
18185
PLA6847‑1 Fall 2021
Proptech: Nothing Ventured, Nothing Gained
Zachary Aarons
209 FAYERWEATHER
M 11 AM - 1 PM
SES B
1.5 Points
11975
PLA6848‑1 Fall 2021
Real Estate Debt
Chris Munsell
114 AVERY
TU 4:30 PM - 6:30 PM
SES B
1.5 Points
11976
PLA6872‑1 Fall 2021
RE Markets and Valuation
Evan Weiss
113 AVERY
TH 9 AM-11 AM
SES B
1.5 Points
18188
Pla8792‑1 Fall 2021
Independent Study
Jessica Stockton King By Permission Only for MSREDs
NA
FULL SEMESTER
2 or 3 Points
11999
PLAN6386‑1 Fall 2021
Development Process Lab 1
C. Marisa Rodriguez
209 FAYERWEATHER
M 6 PM - 8 PM
FULL SEMESTER
0 Points
18884
PLAN6386‑2 Fall 2021
Development Process Lab 2
Ian Nicholson
209 FAYERWEATHER
M 9 AM - 11 AM
FULL SEMESTER
0 Points
18885
PLAN6386‑3 Fall 2021
Development Process Lab 3
Adam Lubinsky
209 FAYERWEATHER
TU 11 AM - 1 PM
FULL SEMESTER
0 Points
18886
PLAN6386‑4 Fall 2021
Development Process Lab 4
Meghan Taylor-Steshyn
209 FAYERWEATHER
W 6 PM - 8 PM
FULL SEMESTER
0 Points
18887
A4407‑1 Fall 2021
Methods in Spatial Research
Dare Brawley
408 AVERY
F 9 AM - 11 AM
SES A
1.5 Points
11643
A4892‑1 Fall 2021
Data Visualization for Architecture, Urbanism and the Humanities
Jia Zhang
409 AVERY
F 9 AM - 11 AM
FULL SEMESTER
3 Points
10637
A6895‑1 Fall 2021
Tourism, Tropicalization and the Architectural Image: Unpacking the Perception vs Reality of Caribbean Architecture
Dahlia Nduom
408 AVERY/ ONLINE
TU 2 PM - 4 PM
FULL SEMESTER
3 Points
11624
A6897‑1 Fall 2021
Principles and Praxis of Spatial Justice
Ifeoma Ebo
200 BUELL NORTH
TH 6:30 PM - 8:30 PM
FULL SEMESTER
3 Points
11638
PLA6870‑1 Fall 2021
Sustainability and Energy Efficiency for CRE
Adrian Silver
209 FAYERWEATHER
M 4 PM - 6 PM
SES B
1.5 Points
11987
Pla6272‑1 Fall 2021
New York Rising: How Real Estate Shapes a City
Kate Ascher, Thomas Mellins
114 AVERY
F 9 AM - 11 AM
FULL SEMESTER
3 Points
11599
GU4066 Fall 2021
Spatial Inequality: Hydropolitics in Madagascar
Instructor permission is required
TU 4:10 PM - 6:00 PM
FULL SEMESTER
4 Points
13513
GU4150 Fall 2021
Spatial Inequality: Architecture and Migration in New York
Ignacio G. Galán Corequisite course: ARCH A4407 Methods in Spatial Research
Tu 4:10 PM - 6:00 PM
FULL SEMESTER
4 Points
0

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.