Curriculum
This 30-credit master’s program covers the econometric and data analysis skills and techniques necessary to conduct original research on real estate markets. Graduates will be capable of designing and implementing rigorous research methods to create new solutions to critical problems facing the real estate industry. You will gain an understanding for how real estate economic and financial theories can provide insights into public policy and practical business decisions.
Our Master of Science in Real Estate Analysis and Development courses are taught by distinguished professors with world-renowned research expertise and practical knowledge and experience. These award-winning teachers, researchers, consultants, and authors specialize in bringing complex business concepts to life.
The program starts with online courses in the summer and spans two academic semesters divided into 7-week modules to provide an immersive study of course content. Each module builds upon the required modules before it, creating a laddered educational experience that helps every student succeed, regardless of background or experience.
Summer Semester (Online)
Accounting rules, practices, and applications that characterize the accounting presentations that for-profit organizations provide to the public. This course provides students with a foundation in the basic principles, procedures, and objectives of financial accounting that govern the reporting of information about a business to individuals, institutions, and other external groups.
Descriptive statistics, hypothesis testing, power, estimation, confidence intervals, regression, one- and 2-way ANOVA, Chi-square tests, diagnostics.
Fall Semester
Module I
Econometrics: Applications of Statistical Techniques to Economics.
Economic behavior under pure and imperfect competition; price and output determination in product markets; prices and employment in factor markets.
Continuing seminars that consist of a series of individual lectures by faculty, students, or outside speakers.
This course has three objectives: a) provide an overview of modern real estate analysis, b) overview of risk management, and c) develop a series of analytical techniques associated with real estate risk analysis. The course begins with an overview of issues in real estate and risk management. Focus then shifts to a series of legal issues, including property rights and regulations. The remainder of the course deals with the economic and financial evaluation of real estate.
Construction and use of quantitative methods in business decision-making.
Fall Immersion
A comprehensive overview of the leading real estate industry software used for financial and investment analysis. These software programs provide a platform for investment and valuation analysis of individual properties as well as portfolios. Students successfully completing this course will be prepared to sit for various industry certification exams.
Module II
Econometrics: Applications of Statistical Techniques to Economics.
Economic behavior under pure and imperfect competition; price and output determination in product markets; prices and employment in factor markets.
This course provides a modern framework for the valuation and analysis of real property using both theoretical and empirical approaches.
Continuing seminars that consist of a series of individual lectures by faculty, students, or outside speakers.
This course covers the convergence of real estate and the capital markets. It is designed to expose students to the structure, analysis, and valuation of a variety of real estate securities including: residential mortgage backed securities (MBS), collateralized mortgage obligations (CMOs), commercial mortgage backed securities (CMBS), and real estate investment trusts (REITs). The course also focuses on the role of real estate as a specific asset class in modern portfolio theory.
Spring Semester
Module III
The course provides students with working knowledge of some of the widely used quantitative methods and their applications in business, as well as using statistical analysis software to apply such methods for business analyses and decision-making. By the end of the course, students will understand the purposes of these methods and how to use them to solve real estate, financial, marketing, and risk management problems.
Survey important issues in real estate markets, including special characteristics of real estate markets, valuation of real properties, mortgage mechanics and calculations, valuing investment opportunities, financing corporate real estate, financing project development, and the secondary mortgage market.
Continuing seminars that consist of a series of individual lectures by faculty, students, or outside speakers.
Module IV
The course provides students with working knowledge of some of the widely used quantitative methods and their applications in business, as well as using statistical analysis software to apply such methods for business analyses and decision-making. By the end of the course, students will understand the purposes of these methods and how to use them to solve real estate, financial, marketing, and risk management problems.
Explore the real estate development process, emphasizing property analysis and deal execution, as well as marketing, management, zoning, and financing. Course lectures will include a variety of speakers that will cover various aspects of the development process. Material covered in their presentations will be critical to successful completion of the semester research project.
Real Estate Research.
Continuing seminars that consist of a series of individual lectures by faculty, students, or outside speakers.