Core Course Descriptions
MSRED Core Courses (60 Units)
These courses are required of all students and must be taken for a letter grade
11.303: Real Estate Development Studio (18 units)
Focuses on the synthesis of urban, mixed-use real estate projects, including the integration of physical design and programming with finance and marketing. Interdisciplinary student teams analyze how to maximize value across multiple dimensions in the process of preparing professional development proposals for sites in US cities and internationally. Reviews emerging real estate products and innovative developments to provide a foundation for studio work. Two major projects are interspersed with lectures and field trips. Integrates skills and knowledge in the MSRED program; also open to other students interested in real estate development by permission of the instructors.
11.350: Sustainable Real Estate (12 units)
Offers insight into tension and synergy between sustainability and the real estate industry. Considers why sustainability matters for real estate, how real estate can contribute to sustainability and remain profitable, and what investment and market opportunities exist for sustainable real estate products and how they vary across asset classes. Lectures combine economic and business insights and tools to understand the challenges and opportunities of sustainable real estate. Provides a framework to understand issues in sustainability in real estate and examine economic mechanisms, technological advances, business models, and investment and financing strategies available to promote sustainability. Discusses buildings as basic physical assets; cities as the context where buildings interact with the built environment, policies, and urban systems; and portfolios as sustainable real estate investment vehicles in capital markets. Enrollment for MSRED, MCP, and MBA students is prioritized.
11.431: Real Estate Finance and Investment (12 units)
Concepts and techniques for analyzing financial decisions in commercial property development and investment. Topics include property income streams, discounted cash flow, equity valuation, leverage and income tax considerations, development projects, and joint ventures. An introduction to real estate capital markets as a source of financing is also provided. Limited to graduate students.
11.433: Real Estate Economics (12 units)
Develops an understanding of the fundamental economic factors that shape the market for real property, as well as the influence of capital markets in asset pricing. Analyzes of housing as well as commercial real estate. Covers demographic analysis, regional growth, construction cycles, urban land markets, and location theory as well as recent technology impacts. Exercises and modeling techniques for measuring and predicting property demand, supply, vacancy, rents, and prices.
11.450: Real Estate Building Systems (3 units)
Provides students with a concise overview of the range of building systems that are encountered in professional commercial real estate development practice in the USA. Focuses on the relationship between real estate product types, building systems, and the factors that real estate development professionals must consider when evaluating these products and systems for a specific development project. Surveys commercial building technology including Foundation, Structural, MEP/FP, Envelope, and Interiors systems and analyzes the factors that lead development professionals to select specific systems for specific product types. One or more field trips to active construction sites may be scheduled during non-class hours based on student availability.
11.499: Thesis Prep (3 units)
Designed to give students the tools and information needed to successfully complete a master’s level thesis. Seminar topics include, but are not limited to: research data sets, different types and styles of theses, the writing and editing process, library services, and the use of humans as experimental subjects in research. CRE faculty share their areas of interest to assist in choosing an advisor. Seminar assignments guide students toward developing a thesis topic and realistic work plan to adequately achieve their research and writing goals. Objective is for each student to have sufficient knowledge to author a fully developed thesis topic and formal proposal by the end of the term. Limited to MS in Real Estate Development candidates.
