The 42-credit MS in Real Estate program offered by the NYU School of Professional Studies Schack Institute of Real Estate integrates theory, real-world application, and practice-based immersion in all phases of real estate—from initiating and analyzing to negotiating, financing, and closing the transaction. Courses examine, in detail, the breadth and depth of the various real estate disciplines, including development, finance, investment, valuation, project management, law, market analysis, digital imaging, and economics. Topics range from analyzing and financing to managing and owning.
MS in Real Estate
Overview
Program Structure
Core Courses
The core curriculum is designed to provide you with a deep and broad foundation that supports concentration coursework and serves you throughout your career.
Capstone
To complete their course of study, students are required to complete a capstone course to demonstrate their comprehension of all prior courses undertaken in the program.
Concentrations
The program offers concentrations that allow you to tailor your curriculum and specialize in a particular field of the real estate industry.
Elective Courses
Select a combination of courses with permission from the program director.
Core Curriculum
The core curriculum is designed to provide you with a deep and broad foundation that supports concentration course work and serves you throughout your career. Students are required to take all of the following courses.
Core Curriculum: Tier 1
Students are required to take all courses listed below. Tier I courses lay the groundwork for understanding the legal and accounting environment in which transactions take place, as well as the macro forces underlying current and future demand of the various forms of real estate.
Core Curriculum: Tier II
Students are required to take all courses listed below. In Tier II courses, students learn the fundamentals of corporate finance, and how to analyze demand for a particular property type at a specific location. The Development Process course examines every phase of the process, from proposal through contracts to project completion. Students also learn to develop their negotiating skills and to explore the range of options within the arena of dispute resolution, including mediation and arbitration.
Core Curriculum: Tier III
Students are required to take the course listed below. In Tier III, students acquire a solid grounding in the broader public equity and debt markets, and learn the financial analysis and cost of capital metrics that are employed on Wall Street. The course work examines the world of securitized real estate and the global capital markets.
Electives
Students are required to select courses in any combination of the following: (a) from the list below, (b) from a course(s) within another concentration in this program or (c) with permission from the Program Director, from a course(s) from the M.S. in Construction Management degree program. Please note that not all courses are offered every semester.
- REAL1-GC3015 Affordable Housing Finance and Development 3
- REAL1-GC3025 Private Equity Real Estate Private Equity Real Estate Private Equity Real Estate 1.5
- REAL1-GC3035 Commercial Mortgage Backed Securities 1.5
- REAL1-GC3055 Analyzing Reit Securities 1.5
- REAL1-GC3075 Managing Bldg Systems & Operations 3
- REAL1-GC3120 Developing Residential Multi-Family Reall Estate 3
- REAL1-GC3145 Acquisition Procedures & Analysis W/ Argus Softwr 3
- REAL1-GC3165 Analytical Techniques in Re Investment Analysis 1.5
- REAL1-GC3175 Real Estate Investing in a Distressed Environment 1.5
- REAL1-GC3180 Global Real Estate Markets & Investments 3
- REAL1-GC3185 Urban Economic Development 3
- REAL1-GC3190 Seminar in Post- Catastrophe Reconstructn 3
- REAL1-GC3400 Seminar in Community Development 3
- REAL1-GC3405 Advanced Real Estate Development and Investment Transactions 3
- REAL1-GC3410 Entrepreneurship & Innovation in Re & Dev 3
- CONM1-GC1015 Construction Cost Estimating 3
- DEVE1-GC2005 Public - Private Development 3
- DEVE1-GC2105 Green Building & Sustainable Development 3
- DEVE1-GC2200 Comparative International Real Estate 3
- REAL1-GC1046 Real Estate Media and Information 1.5
- REAL1-GC1065 Hotel Development and Investment 3
- REAL1-GC2720 PropTech and the Digital Evolution of Real Estate 3
- REAL1-GC3135 Real Estate Data Analytics 3
- REAL1-GC1075 ESG & Commercial Real Estate 3
Concentrations
Students select one of the following concentrations.
Finance and Investment
This concentration provides you with an in-depth understanding of real estate finance and investment.
Real Estate Asset Management
This concentration provides you with the practical, hands-on skill set to evaluate, acquire, and manage institutional and family-owned real estate portfolios.
Admissions Criteria
We carefully weigh each component of your application during the admissions review process to evaluate your ability to benefit from and contribute to the dynamic learning environment and the challenging curriculum that the School offers.
Application Deadlines
Fall Semester
Priority: January 15
International Final: April 1*
Domestic Final: July 1
Spring Semester
Priority: September 15
International Final: October 1
Domestic Final: November 30
Summer Semester
International Final: March 1
Domestic Final: March 1
Required Documents
Personal Statement
Resume
Two Letters of Recommendation
Standardized Tests (If required by Admissions team)
Transcripts
We require transcripts from all institutions where college credit was received.
Fees
For Academic Year 2020-2021
Application Fee $150
Tuition depends on the number of credit hours a student enrolls in each semester. A part-time student taking 6 credit hours is billed $13,778 for tuition and fees for a semester. A full-time student taking 12 credit hours is billed $22,699 for tuition and fees for a semester. For a full breakdown of tuition and fees visit the Bursar's website.
Language Proficiency
TOEFL scores are required for applicants who did not complete an undergraduate degree in the United States or in a country where the only primary language is not English. Successful candidates achieve a minimum score of 110 on the Internet-based test.
For the IELTS, a minimum overall band score of at least 8 is recommended.
NYUSPS does not prohibit applicants with lower TOEFL/IELTS scores from applying for admission since many factors influence the admissions decision.
Pearson Versant English Placement Test (VEPT)
If an international applicant has not achieved the minimum scores as described above, they are required to participate in the VEPT, a 50-minute online test that evaluates English language proficiency.
Financing Your education
Click the link below to find important information regarding the federal aid process, NYU School of Professional Studies (NYUSPS) department and divisional scholarships, private loans, and the NYU payment plans.