Department Website
Program Description
The Master of Science in Real Estate program offered by the NYU School of Professional Studies Schack Institute of Real Estate integrates theory, real-world application, and practice-based immersion in all phases of real estate— from initiating and analyzing to negotiating, financing, and closing the transaction. Courses examine, in detail, the breadth and depth of the various real estate disciplines, including development, finance, investment, valuation, project management, law, market analysis, digital imaging, and economics. Topics range from analyzing and financing to managing and owning.
The Master of Science in Real Estate curriculum provides students with both the fundamental knowledge and the advanced analytical skills required for success across the broad spectrum of the real estate industry. Schack Institute of Real Estate faculty members are leading practitioners, who explore trends and address issues that are relevant to the industry. Students receive a solid theoretical foundation as well as the hands-on experience to apply what they learn in class to the working environment.
Degree candidates become part of a global network of more than 2,000 alumni who connect with students through a mentoring program, introduce them to professional development opportunities, and provide scholarship support. Throughout their course of study, students are encouraged to take a conscientious approach to their profession as they explore how their expertise can best be used to meet the challenges and developing needs of today's society.
Admissions
All applicants to the School of Professional Studies (SPS) are required to submit the general application requirements, which include:
- Application Fee
- College/University Transcripts
- Résumé
- Statement of Purpose
- Degree Requirements
- Recommendations
- Kira Talent Assessment
- Degree-Specific Requirements
- English Language Assessment
- Pearson Versant English Placement Test
- International Transcript Evaluation
- International Student Visa Requirements
See degree specific application requirements for instructions specific to this program.
Program Requirements
The program requires the completion of 42 credits, comprised of the following:
Course List
Course |
Title |
Credits |
REAL1-GC 1075 | ESG & Commercial Real Estate | 3 |
REAL1-GC 1055 | Real Estate Valuation & Feasibility Analysis | 3 |
DEVE1-GC 1050 | Legal Principles & Practices | 3 |
REAL1-GC 1035 | Real Estate Finance | 3 |
REAL1-GC 1070 | Corporate Finance | 3 |
REAL1-GC 1095 | Real Estate Capital Markets | 3 |
DEVE1-GC 1060 | The Development Process | 3 |
| 9 |
| |
| |
| Affordable Housing Finance and Development | |
| Private Equity Real Estate | |
| Commercial Mortgage Backed Securities | |
| Managing Bldg Systems & Operations | |
| Developing Residential Multi-Family Real Estate | |
| Acquisition Procedures & Analysis W/ Argus Softwr | |
REAL1-GC 3165 | | |
| Real Estate Investing in a Distressed Environment | |
| Global Real Estate Markets & Investments | |
| Urban Economic Development | |
REAL1-GC 3190 | | |
REAL1-GC 3400 | | |
| Advanced Real Estate Development and Investment Transactions | |
| Entrepreneurship & Innovation in Re & Dev | |
| Construction Cost Estimating | |
| Public - Private Development | |
| Green Building & Sustainable Development | |
| Comparative International Real Estate | |
| Real Estate Media and Information | |
| Hotel Development and Investment | |
| PropTech and the Digital Evolution of Real Estate | |
| Real Estate Data Analytics | |
Total Credits | 42 |
Concentrations
Finance and Investment
This concentration provides students with an in-depth understanding of real estate finance and investment. Students are also required to take two electives from a wide range of courses that vary from real estate derivatives to international real estate investment. Students who select this concentration are required to complete all three courses listed below.
Asset Management
This concentration provides students with the practical, hands-on skill set to evaluate, acquire, and manage institutional and family-owned real estate portfolios. The program teaches the development of business plans and the evaluation of alternative strategies. Students learn the importance of value enhancement, portfolio diversification, and due diligence when acquiring properties. Students also gain the confidence and tools to reposition, market, and lease real estate, as well as to present strategies to investors and lenders. Students who select this concentration are required to complete all three courses listed below.
Learning Outcomes
Upon successful completion of the program, graduates will:
- Demonstrate proficiency in commercial real estate finance, economics, and regional market data analysis.
- Integrate objective quantitative analysis with subjective judgment in the decision-making processes of acquiring, developing, owning, operating, and investing in real estate assets.
- Demonstrate strategic thinking about foundational concepts of real estate law, ethics, and entrepreneurship.
- Apply the foundational concepts of real estate financial modeling, valuation, feasibility, and underwriting.
- Demonstrate a comprehensive understanding of the complexities surrounding current global and domestic issues on environmental, social and governance challenges facing the commercial real estate industry.
Policies
NYU Policies
University-wide policies can be found on the New York University Policy pages.
School of Professional Studies Policies
Additional academic policies can be found on the School of Professional Studies academic policy page.