NYU offers Masters in development.
Along with the Master of Science in Construction Management and the Master of Science in Real Estate, this will be the third graduate degree capturing the specialized academic expertise of NYU Schack faculty and leading industry practitioners.
The 42-credit graduate MSRED program will offer greater depth of focus in the discipline of development than existing Schack master's programs. The curriculum consists of 12 required core courses and two electives, which can be taken in different areas, such as Strategic Real Estate Management, Finance and Investment Analysis, or Construction Management.
Students will be able to choose among three concentrations: 1) Sustainable Development, winch will emphasize green practices in construction, planning, and development; 2) The Business of Development, which will offer courses on entrepreneurial real estate, advanced finance, and public-private partnerships; and 3) Global Real Estate, which will address issues arising in comparative international real estate development and will involve structured short-term overseas study experiences.
The MSRED curriculum prepares students for careers as entrepreneurial developers or for leadership positions within private or public organizations.
NYU-SCPS Dean Robert Lapiner said, "This exciting and innovative new program expands and refines the curricula offered by the NYU Schack Institute and reflects its high standards and deeply rooted commitment to prepare responsible leaders for a global industry."
The new M.S. in Real Estate Development is conceived to educate students in the early stages of their careers, and is well-suited for students with a broad diversity of experience.
"Real estate developers must be conversant in an-ever growing number of disciplines, which range from sustainable building to the numerous steps required to begin and complete a project overseas," said NYU Schack Divisional Dean James Stuckey.
"The MSRED will equip students with the skill set they need to meet the challenges and seize the opportunities that the commercial real estate industry offers."