Master of Real Estate Development
Master of Real Estate Development
The Master of Real Estate Development treats real estate as an industry based on the collaboration of planners, architects, engineers, construction managers, program managers, facility managers, and owners to produce high-quality projects that bring tangible and lasting benefits to the community.
A bachelor's degree in one of the following fields from an accredited institution with a minimum of a 3.0 GPA and no work experience in the real estate development industry:
- Construction Management
- Architecture Engineering
- Civil Engineering
- Landscape Architecture
- City Planning
- Real Estate
A bachelor's degree in the following fields from an accredited institution with a minimum of a 3.0 GPA, a minimum of two years' experience in the real estate development industry, and letters of recommendation from two real estate professionals specifying industry competence.
- Property Management
TOEFL & IELTS Requirements
Institute Code: 5248
Department Code: 12
Minimum Score Required:
- Paper-based: 600
- Computer-based: 250
- Internet-based: 100
The GRE is not mandatory at this time. The School of Building Construction has initiated a temporary removal of the GRE requirement for admission to the MRED program for Spring 2021.
The GRE or GMAT is normally required; however, this requirement may be waived on a case by case basis with appropriately documented industry experience. The goal is to provide flexibility in admissions criteria to draw a variety of students with a range of academic and work experiences related to real estate development.
- Institute Code: R5248
- Department Code: 4401
- General Test: Required
- A score within the past five years in the 60th percentile or higher
Letters of Recommendation
Two letters of recommendation from real estate professionals specifying industry competence.
CCIM Institute is commercial real estate’s most influential professional organization, with members closing $200 billion annually in commercial real estate deals. For 50 years, the Institute has been building opportunities through its respected education program, led by established practitioners. CCIM Institute members are eligible to earn the CCIM designation, the industry’s most prestigious certification.
In 2019, CCIM Institute approved the Master of Real Estate Development program at Georgia Tech as a university alliance partner. Through this special collaboration as a new CCIM Institute University Partner, MRED students are eligible to receive additional educational and networking opportunities within the commercial real estate field including:
- Access to enhanced student member benefits plus a free trial membership now through December - $50 thereafter
- 50% off registration for CCIM Global Conference
- 50% off Preparing to Negotiate online course
- Bimonthly CCIM Student Connect email, which includes access to special industry reports and curated content
- Free access to professional mentoring via CCIM Mentor
- Access to Affinity Providers benefits
- Free subscription to Commercial Investment Real Estate magazine
Degree recipients within the last five years can accelerate their path to earning a CCIM designation through the University Fast Track membership.
This designation allows students to become a Certified Commercial Investment Manager on a fast track based on their educational background received from the MRED Program at Clemson.
Under the agreement, students completing or seeking a Master's Degree in Real Estate Development wishing to become a CCIM designee need to do the following:
- Submit a CCIM University Fast Track Application for Clemson and apply for Candidacy
- Upon Approval of the University Fast Track Application, be given credit for the following three core courses:
CI 101 Financial Analysis
CI 102 Market Analysis
CI 104 Investment Analysis
- Must successfully complete CI 103 User Decision Analysis
- Must fulfill CCIM's Institute's portfolio requirement. The portfolio must go through the Institute's approval process.
- Must pass the comprehensive exam.
Core Classes: Total 15 Credit Hours
- BC 6175 Real Estate Development and Construction-3 Credit Hours
- BC 6575 Real Estate Production Finance-3 Credit Hours
- BC 6350 Design and Construction Law-3 Credit Hours
- CP 6640 Applied Real Estate Development Methods-3 Credit Hours
- BC 6270 Community Design and Development-3 Credit Hours
- ARCH 6151 Theories of Urban Design-3 Credit Hours
Representative Electives: Total 12 Credit Hours
- BC 6370 Real Estate Trends, Policies, Ethics-3 Credit Hours
- BC 6675 Residential Design and Construction-3 Credit Hours
- BC 6570 Real Estate Development Basic Finance
- BC 6975 The Evolution of a Deal-3 Credit Hours
- ARCH 6226 Green Construction-3 Credit Hours
- CP 4610 Introduction to Real Estate Investment - 3 Credit Hours
- CP 6016 Growth Management Law and Implementation -3 Credit Hours
- CP 6105 Land Conservation-3 Credit Hours
- CP 6112 Introduction to Land Use Planning-3 Credit Hours
- CP 6611 Principles of Real Estate Finance and Development-3 Credit Hours
- CP 6233 Sustainable Urban Development-3 Credit Hours
- CP 6630 Government and Housing Markets-3 Credit Hours
- CP 6834 Urban Design Policy: Analysis and Implementation-3 Credit Hours
Additional courses from the Schools of Building Construction, City and Regional Planning, and Architecture as approved by the Program Chair in conjunction with the School Chairs and professors.
Capstone Project: 3 Credit Hours
BC 6875 Real Estate Development Capstone Project-3 Credit Hours