The NYU School of Professional Studies Schack Institute of Real Estate offers cutting-edge, globally focused curricula including a real estate bachelor’s degree, real estate and real estate development graduate degrees, a construction management graduate degree, real estate continuing education, and real estate executive education. All programs focus on experiential learning and are taught by leaders in academia and seasoned real estate professionals. The Schack Institute provides unsurpassed networking opportunities through direct connections within the real estate industry, and world-renowned conferences, internships, and guest speakers. The Schack Advisory Board serves as a driving force behind the stellar NYU real estate education you will receive, combined with the opportunity to study in NYC, the real estate capital of the world.
Schack Institute of Real Estate
Mission
For more than 50 years, the Schack Institute has been at the forefront of real estate education and is recognized globally as one of the world’s leading centers of research and industry engagement.
NYU School of Professional Studies Appoints Marc Norman as Larry & Klara Silverstein Chair in Real Estate Development & Investment, and Associate Dean of the Schack Institute of Real Estate
< Listen to his message and plans for the future.
NY1 Features Story on the NYCHA Real Estate Scholars Program— Recently Launched by the Schack Institute of Real Estate, Taconic Partners, and the Fund for Public Housing
Recently NY1 featured a story about the collaboration between the NYU School of Professional Studies Schack Institute of Real Estate, Taconic Partners, and the Fund for Public Housing that have joined forces and have launched a pilot program, which provides a cohort of 20 New York City Housing Authority (NYCHA) high school students with an entry point to a commercial real estate career while introducing them to college student life.

Research Centers and Initiatives
In addition to the flagship conferences, the Schack research centers host regular forums addressing a wide-range of current issues in real estate, development, sustainability, urbanism, and housing affordability.
Educational Offerings
Wherever you are at in your career and professional development, our suite of degree and non-degree programs will prepare you for a successful career in the fast-past world of commerical real estate and construction management.
Program Structure

Degree Programs
- B.S. in Real Estate
- M.S. in Real Estate
- M.S. in Real Estate Development
- M.S. in Construction Management

Certificates and Continuing Education
- Real Estate Investment
- Real Estate Capital Markets
- Real Estate Data Analytics
- Real Estate Development and Land Use
- Commercial Property Management
- Residential Property management
- Buildings and Construction
Coming Soon:
- Affordable Housing (Fall 2022)
- Hotel Investment and Development (Fall 2022)
- Proptech (Fall 2022)
The BS in Real Estate program is a special place to study the practice of real estate in a growing metropolis that continues to redesign its skyline. Our prominent alumni, exceptional faculty, and leading industry experts are all part of an amazing education that prepares students for a first rate career in real estate.
The MS in Real Estate program provides students with both the fundamental knowledge and the advanced analytical skills required for long-term success across a spectrum of the real estate industry. Based in the heart of New York City, our faculty are seasoned industry experts who deliver cutting-edge, real-time knowledge to our students. The breadth and scope of the classroom experience prepares students for the rigors of daily life in real estate, integrating theory, real-work application, and practice-based immersion in all phases of real estate investment and ownership.
The MS in Construction Management is a dynamic program that gives students the knowledge and skills to manage and administer any type of construction project. Centered in the heart of New York City, students obtain the expertise from our faculty who practice their construction specialty in New York City. The magnitude of the construction projects that are being developed in New York City helps students obtain a better understanding of the complexity of the construction process through the classroom experience.
The MS in Real Estate Development program offers students the overall capabilities to become successful developers and to focus on their areas of special interest. The program offers core courses in finance, economic analysis, law, planning and process, plush specific tracks in sustainability, global real estate, and the business of development.
Executive and Corporate Education
Executive and Corporate Education programs at the Schack Institute bring decision-makers from real estate firms around the world to New York City, where our faculty led programs in established areas such as real estate finance and emerging disciplines including real estate data analysis and proptech. Schack's program staff work closely with our partner firms to craft academically rigorous experiences that align with firm goals in skill-building. In addition to traditional executive education, Schack offers our partner firms a range of customized online courses available to a wider audience with their organizations.
Hirsh Fellows Program
About the Hirsh Fellows Program
The NYU School of Professional Studies (NYUSPS) Schack Institute of Real Estate launched the Hirsh Fellows program in the Fall 2019 semester. The Hirsh Fellows program enrolls 15-20 exceptional full-time students each fall to obtain a Master of Science in Real Estate (MSRE) with a concentration in Finance and Investment.
Building on Schack’s world-renowned MSRE, the Hirsh Fellows program offers a highly specialized one-year academic and co-curricular cohort experience that prepares students for management and executive positions in the real estate industry. The selected cohort begins its one-year program in late August, prior to the start of the regular semester.
Hirsh Fellows take their core courses as a group and have access to the full range of Schack’s MSRE electives. The curriculum spans the many facets of the real estate industry with an emphasis on analytics, entrepreneurship, and organizational leadership. Highlights of the co-curricular program include a global field intensive during January; a spring semester internship with a Schack advisory board member firm; and a one-on-one pairing with an advisory board mentor for each student.
How to Apply
Applications for the Hirsh Fellows Program are currently being accepted for Fall 2022.
In order to be eligible to apply, candidates must submit an online application through the NYUSPS website (sps.nyu.edu). In addition to the standard MSRE application requirements, students applying for the Hirsh Fellows program will also be required to submit; standardized test scores (GRE or GMAT) and a supplemental essay. Finalists selected will be invited to participate in an in-person interview.
Hirsh Fellows Endowment
The program is supported by an endowment gift by NYU alumni Liz and David Z. Hirsh. Liz Hirsh received her MBA from the NYU Stern School of Business in 1994, and David Hirsh received his MS in Real Estate Development from the Schack Institute in 1990, currently serves as the Vice Chairman of the school’s Advisory Board and an adjunct professor.
About David Z. Hirsh
David Z. Hirsh is a veteran real estate investor with more than 30 years of experience across all major real estate product types. Over the course of his career, he has completed in excess of $30 billion in transactions and established himself as an industry veteran in areas including asset management, asset sales and dispositions, lending, workouts, and restructuring.
Hirsh spent the last sixteen years with Blackstone’s Real Estate Asset Management Group, retiring in January 2018 with plans to pursue entrepreneurial opportunities. During his tenure at Blackstone, he oversaw day-to-day and strategic management of Equity Office Properties, IndCor Industrial Properties, LXR Hotels and Resorts, and several investments in the retail and senior housing sectors. Additionally, from 2009 to 2012 David led the effort to restructure and extend the debt on numerous investments in Blackstone’s real estate portfolio.
Prior to joining Blackstone, Hirsh worked at Citigroup for 15 years, including six years in real estate asset management, where he led the company’s hotel group. Prior to that, Hirsh spent five years in corporate finance, and specialized in corporate real estate and project lending. Hirsh received a BBA in Accounting from Pace University and his MS in Real Estate Development from the Schack Institute. In addition to serving as Vice Chairman of the Schack Institute’s Advisory Board and as a member of its adjunct faculty, his civic and philanthropic commitments include serving as chair of the Thyroid Head and Neck Cancer Foundation and the Thyroid Care Collaborative, and as chair of Caring Kind, formerly the New York Chapter of the Alzheimer’s Association of America.
Student Experience
From initial interest to graduation and beyond, Schack offers in-depth resources, including academic advising, industry specific workshops, networking opportunities, and career support to enhance the student experience.

Co-Curricular and Extracurricular Activities
- Student Government
- Global Field Intensives
- Executive-in-Residence
- Supporting Your Career

A Special Message from Larry Silverstein
Larry Silverstein, founder of the NYU SPS Schack Institute of Real Estate, chairman emeritus of the Schack Institute Board, and chairman of Silverstein Properties, had a message for our students and people everywhere: we will come through this better, stronger, and more resilient than ever.
Events and Conferences
The Schack Institute hosts some of the most prominent conferences in real estate, including the Annual Conference on Capital Markets in Real Estate, the Annual REIT Symposium, and the Annual Women in Real Estate Symposium—one of the largest events of its kind in the industry.
Please check back frequently for upcoming events.
Schack Institute Partners with REEC on a Summer Program to Introduce High School Students of Color to Opportunities in Commercial Real Estate
As Part of the Learning Process, Schack Institute Construction Management Students Take Tour of Former Bed Bath & Beyond Building Site
SCHACk BY THE NUMBERS
Distinguished Faculty
See All FacultyPamela S Hannigan
Schack Institute of Real Estate
Richard Lambeck
Schack Institute of Real Estate