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

Spring 2022 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
Pla4314‑1 Spring 2022
Real Estate Finance III
Chris Munsell (ONLY MSRED)
113 AVERY
TH 4:30 PM - 6:30 PM
FULL SEMESTER
3 Points
14523
PLA4328‑1 Spring 2022
Real Estate Finance III Tutorial
Jake Pesci RED ONLY
113 AVERY
W 6:30-8:00 PM
FULL SEMSTER
0 Points
15599
Pla6050‑1 Spring 2022
Internship
Rebecca Andersen Polimeda
BY APPOINTMENT
FULL SEMESTER
1.5 Points
15813
Pla6212‑1 Spring 2022
Affordable Housing, Development and Policy
Ed Poteat
209 FAYERWEATHER
TU 11 AM - 1 PM
SES A
1.5 Points
14524
Pla6228‑1 Spring 2022
Alternative and Distressed Investment Strategies
Donald Sheets, Patrick Hutson (By application only for MSRED)
209 FAYERWEATHER
W 2 PM - 4 PM
FULL SEMESTER
3 Points
14525
Pla6231‑1 Spring 2022
Capital Partnership Structuring with Advanced Excel Modeling
Jose Lievano (By application only for MSRED)
113 AVERY
TH 2 PM - 4 PM
SES A
1.5 Points
14526
Pla6236‑1 Spring 2022
Asset Management
Sara Queen (MSREDs only)
113 AVERY
F 9 AM - 11 AM
SES A
1.5 Points
14527
Pla6244‑1 Spring 2022
In the Field
Robert Garneau (BY application only for MSRED)
203 FAYERWEATHER
TH 1 PM - 3 PM
SES B
1.5 Points
14827
Pla6252‑1 Spring 2022
Architect and Developer Dialogues
Raquel Ramati
200 BUELL NORTH
W 3 PM - 5 PM
SES A
1.5 Points
14830
Pla6259‑1 Spring 2022
Capital Markets : REIT Analysis
David Kruth (ONLY MSRED)
WARE
TU 4 - 6 PM
FULL SEMESTER
3 Points
14831
Pla6332‑1 Spring 2022
Real Estate Transactions Law
Nathalia Bernardo, Robert Wertheimer
209 FAYERWEATHER
F 9 AM - 12 PM
SES B (¾, 3/11, 3/25, 4/1)
1.5 Points
14834
Pla6333‑1 Spring 2022
Legal Elements of the Development Process
Richard Leland (ONLY MSRED)
113 AVERY
W 9 AM - 11 AM
SES A
1.5 Points
14835
Pla6335‑1 Spring 2022
Capstone: Development Case Studies
Josh westerman jw4144 final capstone deal book 4.19.2022 1
Brian Loughlin, Patrice Derrington (ONLY MSRED)
113 AVERY
TH 9 AM - 12 PM
FULL SEMESTER
3 Points
14836
Pla6375‑1 Spring 2022
Advanced Commercial Leasing; Strategies & Negotiations
Martin Gold, Mitchell Nelson
209 FAYERWEATHER
W 9 AM - 11 AM
SES B
1.5 Points
14839
Pla6384‑1 Spring 2022
Tax Issues in Acquisitions and Developments
Daniel Crowley RED ONLY
209 FAYERWEATHER
TU 9 AM - 11 AM
SES A
1.5 Points
14844
Pla6583‑1 Spring 2022
Private Equity Development: Hotels
Rani Gharbie Syllabus (By application only for MSRED)
209 FAYERWEATHER
W 4 PM - 6 PM
SES B
1.5 Points
14847
Pla6595‑1 Spring 2022
Value of Design
James von Klemperer, Forth Bagley (ONLY MSRED)
113 AVERY
W 11 AM - 1 PM
SES A
1.5 Points
14859
Pla6710‑1 Spring 2022
Capital Markets: Debt
Ed Adler (By application only for MSRED)
114 AVERY
TU 11 AM - 1 PM
SES A
1.5 Points
14860
Pla6712‑1 Spring 2022
Risk and Investment Management
Ryan Severino (By application for MSREDs only)
113 AVERY
TH 2 PM - 4 PM
SES B
1.5 Points
14861
PLA6722‑1 Spring 2022
Real Estate Private Equity - Acquisition Analysis
Jiho Lee (ONLY MSRED)
113 AVERY
W 11 AM - 1 PM
SES B
1.5 Points
14862
Pla6745‑1 Spring 2022
Advanced Case Studies in Real Estate Analysis
Chris Munsell (By application only for MSRED)
209 FAYERWEATHER
TH 6:30 PM - 8:30 PM
SES B
1.5 Points
14863
Pla6748‑1 Spring 2022
Entrepreneurship In Buying Real Estate Assets
Masood Bhatti (By application only for MSRED)
113 AVERY
W 4 PM - 6 PM
SES A
1.5 Points
15087
PLA6752‑1 Spring 2022
Real Estate Media + Marketing
Amir Korangy (ONLY MSRED)
113 AVERY
TU 6:30 PM - 8:30 PM
SES B
1.5 Points
15088
PLA6753‑1 Spring 2022
Affordable Housing in the United States: Policy and Practice
Paul Weech
209 FAYERWEATHER
M 11 AM - 1 PM
SES B
1.5 Points
15135
PLA6843‑1 Spring 2022
Property Technology Seminar
Brian Groudan
209 FAYERWEATHER
M 6:30 PM - 8:30 PM
SES A
1.5 Points
15138
PLA6853‑1 Spring 2022
Joint M.Arch/RED Studio
Patrice Derrington, Christoph Kumpusch (By application only)
209 FAYERWEATHER
M 1:30 - 6:30 PM
FULL SEMESTER
4 Points
15139
PLA6864‑1 Spring 2022
Advanced Development Case Studies
Cecily King
209 FAYERWEATHER
TU 11 AM - 1 PM
SES B
1.5 Points
15141
PLA6865‑1 Spring 2022
Proptech: The Real Estate Development Process
Kurt Franz
113 AVERY
F 2 PM - 4 PM
SES B
1.5 Points
15576
PLA6869‑1 Spring 2022
Equitable Development
Cecily King
209 FAYERWEATHER
TU 1 PM - 3 PM
FULL SEMESTER
3 Points
17281
PLA6871‑1 Spring 2022
Understanding Urbanism and Planning Sites
Adam Lubinsky
209 FAYERWEATHER
F 2 PM - 4 PM
SES A
1.5 Points
15814
PLA6873‑1 Spring 2022
Financial Modeling Case Studies
(ONLY MSRED)
113 AVERY
TU 6:30 PM - 8:30 PM
SES A
1.5 Points
15204
PLA6873‑2 Spring 2022
Financial Modeling Case Studies
Johnny Din (ONLY MSRED)
209 FAYERWEATHER
F 4 PM - 6 PM
SES A
1.5 Points
15205
PLA6874‑1 Spring 2022
Living on the Edge: The Complexities of Waterfront Development
Adam Lubinsky
209 FAYERWEATHER
F 2 PM - 4 PM
SES B
1.5 Points
15815
PLA6876‑1 Spring 2022
Construction Procurement Processes
Philip Avello
209 FAYERWEATHER
TH 7 PM - 9 PM
SES A
1.5 Points
15206
PLA6882‑1 Spring 2022
Adv Building Adaptation & Reuse
Andy Golubitsky, Gabriel Randall (By application only for MSRED)
209 FAYERWEATHER
F 11 AM - 1 PM
SES A
1.5 Points
15210
A4047‑1 Spring 2022
Immeasurable Cities
Inter admassu genehan govardanumashankar 02 jafajeyifous
Inter admassu yasminekathuda avaniagarwal sp22 01 rowlanddaar
Emanuel Admassu
504 AVERY
W 11 AM - 1 PM
FULL SEMESTER
3 Points
15212
A4063‑1 Spring 2022
Points Unknown: Cartographic Narratives
Vs saldarriagakrisch galinanovikova linruwang sp22 01 video cover
Vs saldarriagakrisch yihyunkim shenxin jacksonfordham sp22 01 video cover
Juan Saldarriaga, Michael Krisch
WARE LOUNGE
F 11 AM - 1 PM
FULL SEMESTER
3 Points
14302
A4122‑1 Spring 2022
Mapping For Architecture Urbanism and Humanities
Arch eleanorbirle sp22 01 map page 1
Arch jonghoonpark sp22 01 map
Juan Moreno
408 AVERY
F 9 AM - 11 AM
FULL SEMESTER
3 Points
14314
A4135‑1 Spring 2022
Urban Ecology + Design
Gena Wirth, Matt Palmer
311 FAYERWEATHER
F 11 AM - 1 PM
FULL SEMESTER
3 Points
15539
A4407‑1 Spring 2022
Methods in Spatial Research
Vs brawley yasminekatkhuda atlas sp22 cover
Vs brawley emilyconklin atlas sp22 cover
Vs brawley yanigao satellite grids sp22
Dare Brawley
WARE LOUNGE
F 9 AM - 11 AM
SES A
1.5 Points
15214
A4861‑1 Spring 2022
Footprint: Carbon and Design
Bst davidbenjamin lucascoelhonetto sp22 04
From radar to radio (1) page 5
05  labor footprint  comparisons in clt   steel    concrete
David Benjamin
409 AVERY
TH 11 AM - 1 PM
FULL SEMESTER
3 Points
14350
A6886‑1 Spring 2022
Building the Engine: Industry + the African Urban Agenda
Fatou Dieye
409 AVERY
F 9 AM - 1 PM
SES B
3 Points
15213

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.