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The MS in Real Estate Development program is designed to provide real estate professionals with the knowledge essential to assume increasingly responsible leadership roles within the development industry. Areas of emphasis include real estate finance, investment analysis, project management, sustainability and economic development. The distinctiveness of the Master's program in Real Estate Development offered by Mason lies in its multi-disciplinary curriculum, which incorporates coursework from the domains of business, engineering and public policy. Created in consultation with leading real estate development companies, the curriculum has been designed to strengthen the employment potential and upward mobility of industry professionals working in the areas of development, architecture, engineering, public planning, construction management, real estate finance, mortgage lending, property management, real estate law and related fields.



All students registering for School of Business graduate courses must have graduate standing.  Non degree student status is not available. 

Full eligibility and admission requirements can be viewed here.


The 36-hour curriculum includes 18 hours of required courses and 18 hours of electives. Students are responsible for familiarization and compliance with AP.6 Graduate Policies.

Banner Code: BU-MS-REAL

Degree Requirements

Total credits: 36

Required Courses

REAL 500Real Estate Development Fundamentals3
REAL 502Real Estate Client Leadership and Project Management3
REAL 630Innovative Land Use, Approvals and Real Estate Development3
REAL 750MSRED Capstone3
GBUS 746Real Estate Analysis and Valuation3
GBUS 747Real Estate Finance3
Total Credits18


Select 18 credits of electives 118
Total Credits18

Electives may be selected from other REAL courses (see below) and available offerings in appropriate areas including the School of Policy, Government, and International Affairs; the School of Business; the Sid and Reva Dewberry Department of Civil, Environmental, and Infrastructure Engineering; the Department of Geography and Geoinformation Science; and the Department of Environmental Science and Policy.

Students wishing to choose a field for emphasis may select, with the approval of a faculty advisor, 3 elective courses within the field that together constitute an emphasis area. They must also then take 3 courses outside the selected emphasis to reach the required elective total of 18. With prior approval of an advisor, students may design their own emphasis. The following are examples of fields for emphasis and courses within each field which may be selected.

Real Estate Development Emphasis

Select 3 courses from the following:9
Real Estate Entrepreneurship
Geospatial Science Fundamentals
Real Estate Investment
Regional Economic Development: Strategies and Applications
Total Credits9

Real Estate Finance Emphasis

Select 3 courses from the following:9
Geospatial Science Fundamentals
Real Estate Investment
Managerial Economics and Decisions of the Firm
Transportation Economics
Entrepreneurship and Economic Development
Total Credits9

Environment and Sustainability Emphasis

Select 3 courses from the following:9
Sustainable Development
Environmental Engineering Systems
Environmental Law
Corporate Environmental Management and Policy
Transportation and the Environment
Total Credits9

Electives Continued

The following courses may be included as electives by all students:

REAL 610Management of Real Estate Design and Development3
REAL 615Real Estate Market Analysis and Research3
REAL 690Topics in Real Estate Development1-6
REAL 796Directed Reading1-6