NYU Schack Institute to Offer Master's Program in Real Estate Development

New Master of Science Degree Will Forge Future Leaders of Industry

NEW YORK, July 27, 2010 —The New York University School of Continuing and Professional Studies (NYU-SCPS), home to NYU’s fourth largest graduate student community in a variety of professional fields, announced today that the NYU Schack Institute of Real Estate will offer a Master of Science in Real Estate Development (MSRED).  Along with the Master of Science in Construction Management and the Master of Science in Real Estate, this will be the third graduate degree capturing the specialized academic expertise of NYU Schack faculty and leading industry practitioners.

The 42-credit graduate MSRED program will offer greater depth of focus in the discipline of development than existing Schack master’s programs.  The curriculum consists of 12 required core courses and two electives, which can be taken in different areas, such as Strategic Real Estate Management, Finance and Investment Analysis, or Construction Management.  Students will be able to choose among three concentrations: 1) Sustainable Development, which will emphasize green practices in construction, planning, and development; 2) The Business of Development, which will offer courses on entrepreneurial real estate, advanced finance, and public-private partnerships; and 3) Global Real Estate, which will address issues arising in comparative international real estate development and will involve structured short-term overseas study experiences.  The MSRED curriculum prepares students for careers as entrepreneurial developers or for leadership positions within private or public organizations.

NYU-SCPS Dean Robert Lapiner reports, “This exciting and innovative new program expands and refines the curricula offered by the NYU Schack Institute and reflects its high standards and deeply rooted commitment to prepare responsible leaders for a global industry.”

In comparison to the Institute’s well-established Master of Science programs which are directed toward professionals with significant relevant industry experience, the new M.S. in Real Estate Development is conceived to educate students in the early stages of their careers and is well-suited for students with a broad diversity of experience.

For more information, please visit www.scps.nyu.edu/schack or contact Graduate Admissions at (212) 998-7100.

About the NYU School of Professional Studies

Established in 1934, the NYU School of Professional Studies (sps.nyu.edu) is one of NYU's several degree-granting schools and colleges, each with a unique academic profile. The reputation of the School of Professional Studies arises from its place as the NYU home for study and applied research related to key knowledge-based industries where the New York region leads globally. This is manifest in the School's diverse graduate, undergraduate, and Professional Pathways programs in fields such as Accounting, Finance, and Law; Applied Health; Arts, Design, and Film; Creative Cities and Economic Development; English-Language Learning; Entrepreneurship; Fundraising and Grantmaking; Global Affairs; Hospitality and Tourism Management; Human Resource Management and Development; Languages and Humanities; Management and Systems; Marketing; Project Management; Public Relations and Corporate Communication; Publishing; Real Estate, Real Estate Development, and Construction Management; Sports Management, Media, and Business; Translation; and Writing.

More than 100 distinguished full-time faculty members collaborate with an exceptional cadre of practitioner/adjunct faculty members and lecturers to create a vibrant professional and academic environment that educates over 5,000 degree-seeking students from around the globe each year. In addition, the School fulfills the recurrent professional education needs of local, national, and international economies, as evidenced by nearly 28,000 Professional Pathways enrollments in Career Advancement Courses and Diploma Programs. The School's community is enriched by more than 31,000 degree-holding alumni worldwide, many of whom serve as mentors, guest speakers, and advisory board members. For more information about the NYU School of Professional Studies, visit sps.nyu.edu.