Master of Real Estate Development

Degree
MRED Students on a site visit

The Master of Real Estate Development Program offers a collaborative education towards a sustainable future. The academic program focuses on the Quadruple Bottom Line to produce projects that are not only economically viable, but also environmentally respectful, socially responsible, and beautifully designed. The MRED degree is a 33-42 credit hour
 program which can be completed in an expedited, intensive fashion for those with academic or work experience in real estate in one year, the full time program can be completed in 18 months, or part time in 24-36 months. Courses are primarily offered in a semester format, meeting once a week in the evenings in the ever lively Architecture Building on the College Park campus.  

For more information contact the Program Director at mmcf@umd.edu
 
Click on the tabs above for Admissions Requirements  and Curriculum Details

Tuition and Fees

The MRED degree is a Non-Standard Tuition program. Please see PDF below for more info.

Below you will find the list of steps and information it takes to apply for admission to the graduate school as a candidate for the Master's in Real Estate Development.

Deadline

U.S. Citizens and Permanent Resident Applicants Fall Spring
Deadline for Preferred Consideration February 1 August 15
Deadline * June 1 October 1
     
International Applicants    
Deadline * February 1 June 1

 

* If you have missed a deadline you may contact the Director up until July 1 (Fall) and November 1 (Spring) to see if the class is full and whether a waiver of the deadline may be possible. 

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Eligibility

Candidates must have earned a Bachelor's Degree from an accredited institution, with a GPA of 3.0 or better. The minimum GPA may be waived at the discretion of the Graduate School after review of all admission materials to allow for a provisional admission depending on experience or other evidence of competency and ability to complete graduate level coursework.

 

Students with no background in business or finance may be required to take additional introductory or leveling courses, such as Market Analysis, Tax Accounting, and Introduction to Real Estate Finance.  Additional course requirements are made on a case-by-case basis, and any questions during the application process may be directed to the Director of the MRED program at mmcf@umd.edu.

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Application requirements

Online Graduate Application (Part I)

Go to the Graduate School website.

http://www.gradschool.umd.edu

Read the latest instructions. When prompted, put in the four letter code that identifies the program for which you are applying.

The online code for the Master or Real Estate degree is RDEV

 

Fee

Before you submit your online application, you will be assessed a non-refundable $75 application processing fee. Applicants are responsible for paying this fee whether or not they submit any supporting materials, are offered admission, or choose to enroll.

 

Online Graduate Application Supplemental Form - ASF (Part II)

After electronically submitting the Online Graduate Application (Part I), applicants will receive an e-mail from graduate admissions with instructions on how to file ASF (Part II) of their application. This email usually arrives within 2 business days of submitting Part I online, but in peak times may take as long as 3-5 business days.

 

Transcripts

Applicants must request transcripts be forwarded to the Graduate Admissions Office from each institution where undergraduate or prior graduate work was undertaken. Sealed envelopes of transcripts that meet the requirements below must be submitted; copies will not suffice. Transcripts of course work and degrees from University of Maryland need not be submitted.

 

Transcripts must bear the signature of the registrar and seal of the granting institution and should include the years of attendance, courses taken, grades received, class standing and any degree, certificate or diploma received. If you anticipate a serious delay in official transcripts arriving, you may submit unofficial copies to the School (see submission addresses below) for review purposes only. Official admission (and registration for classes) cannot occur until all official transcripts have been received by the Graduate Admissions Office.

 

Letters of Recommendation

Three recommendations are required from professors or others who can assess the quality of the applicant’s potential to succeed in the graduate program they have selected.

The online ASF (Part II), provides an electronic recommendation form, which facilitates submission and receipt in most cases. Applicants can also download the Recommendation Letter Forms and add the applicant’s full name, so that the Graduate School can attach the recommendation letter upon receipt. All recommendations must be submitted directly to the Graduate School by the person providing the recommendation (online or in a sealed envelope).

 

Statement of Goals, Experiences and Research Interests 

(1000-2000 words)

All programs require applicants to prepare a statement of their goals and objectives in pursuing graduate study. This should be submitted using the ASF online.

 

Resume

All programs require applicants to provide an up-to-date resume via the online ASF (Part II).

 

Graduate Record Examination

 

A GRE score is required to be sent directly to the University by the testing Authority. The Code for the GRE is 5814.

 

For more information visit:

http://www.ets.org/gre

For degrees in Real Estate Development, GRE or GMAT scores are accepted. Applicants with 5 or more years beyond their undergraduate degree may request a waiver. The waiver should be requested in the Statement of Goals.

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International Applicants

Applicants who are not U.S. citizens or permanent residents must submit additional documents.

Updated information is available on the Graduate School website at:

http://www.gradschool.umd.edu/prospective_students/international_admissions.html

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Visiting the School

The best way to learn more about the University of Maryland School of Architecture, Planning and Preservation is to visit. Throughout the year, both the School and the University of Maryland invite prospective undergraduate students to "Visit Maryland Days" and prospective graduate students to attend our annual Graduate Open House. Whether you choose to visit on one of these special days and get the grand tour or you prefer to arrange an individual tour, a visit will certainly help you decide if the University of Maryland is the place to start your future. In addition, architecture studio reviews are always open to the public.

 

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Contact

For more information about admissions to the MRED degree, contact:


Margaret McFarland
mmcf@umd.edu
(240) 472-8304

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The Master of Real Estate Development (MRED) program is a sequence comprised of seven required courses, three electives and a thesis/project/capstone course. The seven required courses cover development law, finance, planning, design, construction, negotiation and property management. On a case-by-case basis, the Program Director may accept a substitute course for a required core course if justified by the student's prior educational background or work experience. No courses from prior or other degrees, may be transferred for credit toward the MRED degree.

 

 MRED is not a cohort program with a required sequence of courses. However, RDEV 688A (Development Law, Process and Ethics) is the introductory course and will in most cases be taken in the first semester of attendance.

 

 Many related electives are available in such focused areas as sustainability, adaptive reuse, finance, affordable housing, planning, transportation and economics. In addition, students may take relevant courses at the Smith School of Business, the Clark School of Engineering and the Department of Landscape Architecture.

 

Program Philosophy: Educating for The Quadruple Bottom Line

The location of the MRED program in the School of Architecture, Planning and Preservation means you will have the opportunity to study with professors and students in highly related, but often overlooked parts of the development process—the broader context of planning and politics, design and construction, and property management—as well as standard finance and investment courses.

 

 We believe here at Maryland that this is not only the best the University and our development partners and sponsors have to offer you, but that it is also a superior preparation for entering or advancing in the development industry. Your professors will provide theoretical and academic materials as well as the practical application of theory. Most of your professors will be practitioners active in the real estate arena.

 

In sum, your degree from Maryland is about preparing you to build for a sustainable future. Development projects you promote and participate in or undertake yourselves will aim for a rich quadruple bottom line—one that is not only economically viable, but also environmentally respectful, socially responsible and, not to be overlooked, aesthetically pleasing.

 

Program Pedagogy: Collaborative, Comprehensive, Professional Education

We take an integrated, interdisciplinary and balanced approach to real estate development education. This means you take courses that address all aspects of the real estate business. Yes, real estate is a business, and finance is critical to making it work, but all the other principles and processes, and professionals from planning to property managers, are an integral part of successful development. None of those aspects are overlooked in Maryland's Master's degree in Real Estate Development.

 

You will take at least one course in every phase of development, plus two or more cross-cutting courses, such as development law, and at least one or more "skills" classes, such as negotiations. In addition you will have the opportunity to select several narrowly focused electives. If you are keen to start your business you can take a course in entrepreneurship (RDEV688P) to learn business plan skills and hear from local developers about the multiple paths to success.

 

Your professors and courses will provide both a theoretical and practical knowledge base, with site visits, practice exercises and visiting lecturers who are active in all facets of development. Textbooks, journal articles and theses, are balanced with pro formas, policy memoranda and field studies. Each student is expected to become actively engaged in the local chapter of a real estate trade association, to stay up with current business reporting on real estate in the region, the nation and the world, and to participate in the life of the community they seek to shape going forward.

 

By the time you complete your capstone project you should be well equipped to understand and communicate with the array of professionals who contribute to a successful real estate project—planners, politicians, policy makers, community advocates, financiers, architects, appraisers, market analysts, engineers, contractors, investment bankers and property and asset managers.