University

Columbia University

Master of Science in Real Estate Development (MSRED)

Program overview

The Columbia University Master of Science of Real Estate Development (MS.RED) program is an intensive, three term (one year) graduate program in real estate offered through Columbia University’s highly ranked Graduate School of Architecture, Planning, and Preservation. The program leverages its location in one of the great cities of the world, New York City, to teach its students three core tenets of urban real estate development: “the financial, the physical, and the legal”.

A.CRE Accelerator Members at this University

Total members: 27

University rank: 08

Last updated: October 1, 2023

Graduate School of Architecture, Planning and Preservation

1172 Amsterdam Avenue New York, New York 10027

Academic Information

Degree offered

Master of Science of Real Estate Development (MSRED)

Length of program

1 Year

Number of Credits Required

30 core credits + 15 elective credits.

Mode of learning

On campus

Unique real estate academic features

  • Center for Urban Real Estate (CURE): “CURE identifies, shares, and advocates solutions for a rapidly urbanizing world.”

Courses and disciplines/concentrations offered

Semester 1

  • Real Estate Finance
  • Real Estate Finance Concepts Tutorial
  • Real Estate Finance Tutorial
  • The Development Process I + Market Analysis
  • Site Planning and Support Systems for Development
  • Design for Development
  • Political Environment of Development

Semester 2

  • Real Estate Finance II
  • Real Estate Finance II Tutorial

Semester 2 Continuation

  • The Development Process II
  • Underwriting
  • Lease Analysis and Financial Metrics
  • Legal Principles of Real Estate
  • Real Estate Valuation and Investment Analysis

Semester 3

  • Real Estate Finance III
  • Real Estate Law
  • Capstone: Development Case Studies
  • Construction Management and Technology

Real Estate Extracurricular Opportunities

Notable traditions & events

Lunchbox Lecture Series: hosted by the RED Student Association, this weekly event provides real estate students at Columbia an opportunity to hear from and interface with real estate executives and industry thought leaders

  • Typically held every Monday
  • Notable speakers have included Marc Holliday, Marty Burger, and Mark McGoldrick
  • Companies recently represented at the event include Vornado, Silverstein Properties, SL Green, Thor Equities, Fortress Investment Group, Apollo, and Extell
  • An excellent opportunity to network with industry professionals and other real estate students at Columbia

Real estate extracurricular activities available

  • Clubs: Various real estate related clubs are available to join. A full list can be found here.
  • Center for Urban Real Estate (CURE)

Networking opportunities

  • Lunchbox Lecture Series: hosted by the RED Student Association, this weekly event provides real estate students at Columbia an opportunity to hear from and interface with real estate executives and industry thought leaders.
  • Career Programming: Speed networking with alumni, MSRED Alumni Mentorship Program, annual career fair (typically in February)

Recruiting

General info on roles students fill after graduation

Areas of Focus:A majority of graduates land jobs in development, but there is also a strong representation of MSRED grads in other areas of real estate (e.g. acquisition, finance, investment banking, private equity, affordable housing, consulting, and entrepreneurship).

Geographic Focus: The program is very NYC-focused, and so it’s not surprising that most domestic students decide to stay and work in New York. International students generally return to their home countries to work.

There is no hard data available on placement post-graduation, but here’s anecdotal information from a recent graduate:

“I found my current position about a month after graduation and started two months after graduation. A large majority find positions in the summer following graduation.”

About half of students seek internships during the school year to bolster their resume and potentially lead to full-time employment.

Average salary post graduation

$100,000

  • Hudson Companies
  • JP Morgan Asset Management
  • L+M
  • LCOR Developers
  • Mayor’s Office of Operations
  • Millstein Bros. Realty
  • Moody’s Investor Services
  • Mount Kellet
  • NYC Economic Dev. Corp.
  • Procida Development
  • Related Companies
  • Sapir Organization
  • Setai Group
  • SHVO
  • Situs Companies
  • SL Green
  • Steelcase
  • The Gale Company
  • The Marketing Directors
  • Tishman Speyer
  • Tishman Urban Corp.
  • Tony Goldman
  • Trump Organization

Common employers​

  • AECOM
  • AIG International
  • APC Realty Advisors
  • Athena Group
  • AvalonBay Communities
  • Boston Properties
  • Brack Capital Real Estate
  • Browne Fino Davis
  • Carlyle Group
  • CIM Group
  • Citigroup Alternative Invsts.
  • Crescent Heights
  • CRG Realty Capital
  • Cushman & Wakefield
  • DDG Partners
  • Deutsche Bank Realty
  • Edward J. Minskoff Realty
  • Empire State Dev. Corp.
  • Ernst & Young
  • Forest City Ratner
  • Fortress Investment Group
  • GE Capital Asset Mgmt.
  • Goldman Sachs/UIG

Faculty and Research

Faculty & Staff for the Program

See a list of Current Faculty here.

Distinguished real estate faculty members or research areas

Christopher W. Munsell

Associate Professor

Noam Franklin

Professor & Milstein Chair of Urban Development

David Kruth

Adjunct Assistant Professor & Managing Partner

Mention any recent real estate research achievements or ongoing projects

Alumni Support

Real estate alumni networks and associations

Columbia offers:

  • Speed networking with alumni,
  • MSRED Alumni Mentorship Program,
  • Annual career fair (typically in February.)

Accreditations and Rankings

Top National Universities (2023-2024)

Ranking: 12

America’s Top Architecture Graduate Programs (2019-2020)

Ranking: 2

Awards or recognition

Financial Information

Tuition fees

$32,550 per term; three term program

Financial aid

Available.

Scholarships

Available.

General information

Where is the program housed on campus?

  • Center for Urban Real Estate (CURE): “The center offers GSAPP faculty and students a cross-disciplinary approach that integrates theory and practice to solve unique development problems.”

State of the art Facilities

  • Center for Urban Real Estate (CURE): “Students can undertake independent research projects with CURE”

Campus Size

Columbia University is a private institution with a campus size of 36 acres

Contact Information

Admissions Office

Columbia University Graduate School of Architecture, Planning and Preservation 1172 Amsterdam Avenue New York, New York 10027

(212) 854-3414

Real Estate Clubs

1172 Amsterdam Avenue New York, New York 10027

University Gallery

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MBA - Real Estate

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