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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 legal. 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.

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
Recent News
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Spring 2020 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
Pla4314‑1 Spring 2020
Real Estate Finance III
Merrie Frankel, Patrice Derrington
113 AVERY
M 9 AM - 11 AM
FULL SEMESTER
3 Points
12767
Pla6050‑1 Spring 2020
Internship
BY APPLICATION
NA
FULL SEMESTER
1.5 Points
12792
Pla6212‑1 Spring 2020
Affordable Housing, Development and Policy
Ed Poteat
209 FAYERWEATHER
TU 11 AM - 1 PM
SESSION A
1.5 Points
12807
Pla6228‑1 Spring 2020
Alternative and Distressed Investment Strategies
Donald Sheets
209 FAYERWEATHER
TU 5 PM - 7 PM
FULL SEMESTER
3 Points
12819
Pla6231‑1 Spring 2020
Structuring with Advanced Excel
Arash Barati, Jose Lievano
113 AVERY
TH 6:30 PM - 8:30 PM
SESSION A
1.5 Points
12831
Pla6236‑1 Spring 2020
Asset Management
Sara Queen
113 AVERY
TH 3:30 PM - 5:30 PM
SESSION A
1.5 Points
12841
Pla6251‑1 Spring 2020
Hotel Transactions
Rick Kirkbride, Todd Fieldston
209 FAYERWEATHER
TU 9 AM - 11 AM
SESSION B
1.5 Points
12843
Pla6261‑1 Spring 2020
IT and the Real Estate Enterprise
Robert Entin
113 AVERY
TH 6:30 PM - 8:30 PM
SESSION B
1.5 Points
12845
Pla6266‑1 Spring 2020
Underwriting II
Roger Nussenblatt
209 FAYERWEATHER
TU 7 PM - 9 PM
SESSION A
1.5 Points
12849
Pla6280‑1 Spring 2020
Project Management
Leeza Springer
209 FAYERWEATHER
M 6 PM - 8 PM
SESSION B
1.5 Points
12851
Pla6332‑1 Spring 2020
Real Estate Transactions Law
Robert Wertheimer, Nathalia Bernardo
209 FAYERWEATHER
W 9 AM -11  AM
SESSION B
1.5 Points
12858
Pla6335‑1 Spring 2020
Capstone: Development Case Studies
Victoria logan sm
Askoy sm
Patrice Derrington
113 AVERY
TH 9 AM - 12 PM
FULL SEMESTER
3 Points
12860
Pla6342‑1 Spring 2020
International RE Regions: China
Johnny Din
209 FAYERWEATHER
F 9 AM - 11 AM
SESSION A
1.5 Points
12864
Pla6342‑2 Spring 2020
International RE Regions: Brazil
Shawn Amsler
209 FAYERWEATHER
M 11 AM - 1 PM
SESSION A
1.5 Points
12865
Pla6342‑3 Spring 2020
International RE Regions: London
Rosemary Scanlon
209 FAYERWEATHER
W 2 PM - 4 PM
SESSION A
1.5 Points
12867
Pla6375‑1 Spring 2020
Advanced Commercial Leasing
Martin Gold, Mitchell Nelson
209 FAYERWEATHER
W 2 PM - 4 PM
SESSION B
1.5 Points
13720
Pla6384‑1 Spring 2020
Tax Issues in Acquisitions and Developments
Daniel Crowley
209 FAYERWEATHER
W 9 AM - 11 AM
SESSION A
1.5 Points
13721
Pla6583‑1 Spring 2020
Private Equity Development-Hospitality Focus
Rani Gharbie Syllabus
209 FAYERWEATHER
TH 1 PM - 3 PM
SESSION A
1.5 Points
13722
Pla6585‑1 Spring 2020
Retail Real Estate and Development
Gary Fogg, Lee Schaffler
209 FAYERWEATHER
M 4 PM - 6 PM
SESSION A
1.5 Points
13723
Pla6710‑1 Spring 2020
Capital Markets: Debt
Ed Adler
209 FAYERWEATHER
TU 1 PM - 3 PM
SESSION A
1.5 Points
13724
Pla6712‑1 Spring 2020
Risk and Portfolio Management
Ryan Severino
209 FAYERWEATHER
TH 2 PM - 4 PM
SESSION B
1.5 Points
13725
Pla6714‑1 Spring 2020
Real Estate Portfolio Management
Tim Wang
209 FAYERWEATHER
M 6 PM - 8 PM
SESSION A
1.5 Points
13726
Pla6715‑1 Spring 2020
Real Estate Debt Securitization
Steven Bloom
209 FAYERWEATHER
W 6:30 PM- 8:30 PM
SESSION A
1.5 Points
13727
Pla6720‑1 Spring 2020
International REITs
David Kruth
113 AVERY
TH 4 PM - 6 PM
SESSION B
1.5 Points
13728
Pla6740‑1 Spring 2020
Construction Law: Negotiation and Management
Lisa Howlett
209 FAYERWEATHER
M 4 PM - 6 PM
SESSION B
1.5 Points
13729
Pla6745‑1 Spring 2020
Advanced Case Studies in Real Estate Analysis
Chris Munsell
209 FAYERWEATHER
W 6 PM - 8 PM
SESSION B
1.5 Points
13733
Pla6748‑1 Spring 2020
Entrepreneurship In Buying Real Estate Assets
Masood Bhatti
209 FAYERWEATHER
W 4 PM - 6 PM
SESSION A
1.5 Points
13802
PLA6752‑1 Spring 2020
Real Estate Media + Marketing
Amir Korangy
209 FAYERWEATHER
TU 7 PM - 9 PM
SESSION B
1.5 Points
13805
PLA6754‑1 Spring 2020
Advanced Development Case Study
Dean Shapiro
209 FAYERWEATHER
W 4 PM - 6 PM
SESSION B
1.5 Points
16334
A4122‑1 Spring 2020
Mapping For Architecture Urbanism and Humanities
Archa4122 fuhrman hailuntan sp20 01 chinese grocers in greenville, mississippi sm
Archa4122 fuhrman joylee sp20 01 hong kong history  a century of cinema, politics, and culture 1 sm
Archa4122 fuhrman tristanschendel sp20 01 mapping morningside heights
Emily Fuhrman Syllabus
WARE LOUNGE
F 9 AM - 11 AM
FULL SEMESTER
3 Points
14051
A4407‑1 Spring 2020
Methods in Spatial Research
Carsten Rodin
200 BUELL
F 9 AM - 11 AM
SESSION A
1.5 Points
14040
A4063‑1 Spring 2020
Points Unknown: Cartographic Narratives
Anays gonzales candelaria mas pohmajevic sharvari raje
Ashley esparza, gustava gruentuch, and aayushi pradip joshi
Juan Saldarriaga, Michael Krisch
WARE LOUNGE
F 11 AM -1 PM
FULL SEMESTER
3 Points
14014
A4552‑1 Spring 2020
Dark Space: Architecture Representation & Black Identity
Mario Gooden Syllabus
504 AVERY
TU 11 AM-1 PM
FULL SEMESTER
3 Points
11359
A4898‑1 Spring 2020
(Re)Programming - Museums
David van der Leer
505 AVERY
F 12 PM - 2 PM
FULL SEMESTER
3 Points
14042
GR6892‑1 Spring 2020
Spatial Inequity: Subaltern Urbanism
TBD
TU 6:00  PM - 8:00 PM
FULL SEMESTER
3 Points
15776
PLAN4059‑1 Spring 2020
Circular Cities: A New Urban Future
Malo Hutson Syllabus All GSAPP Interdisciplinary
209 FAYERWEATHER
F 9 AM - 11 AM
FULL SEMESTER
3 Points
16341

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.
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