The program is designed as a 37-credit, 12-course curriculum that can be completed on a full-time or part-time basis in 1 ½ to 2 ½ years, depending on the course load taken by the student. Students can enroll for a summer, fall or spring semester-start.
Total Credit Hours: 37
MRE-601 - Sustainable Real Estate Development Process - 3 Credits
This course will familiarize students with the theories, practices and principles of real estate development. Topics include urban economics, real estate law, brokerage, real estate valuation, financial institutions and analysis, tax issues, investment analysis and development.
MRE-615 - Real Estate Finance and Investment - 3 Credits
This course introduces concepts, principles and analytical methods used in making sound finance and investment decisions in real estate development. Topics include pro forma analysis, tax analysis, cash flow forecasting, computer modeling, equity valuation, and risk assessment. Using an inductive approach, students gain practical experience applying financial and investment tools in a wide array of property types and development scenarios. Also investigated are capital sources and availability for sustainable planning paradigms, such as Smart Growth, Adaptive Reuse, Brownfield and Infill redevelopment and Transit-Oriented Development (TOD).
MRE-630 - Market Analysis and Valuation - 3 Credits
This course identifies data sources and indicators used to track the demographic, sociological, technological and economic trends that impact the supply and demand for particular building types and sites within specific markets and geographic areas. Linked to market trends, valuation analysis assesses the value of an investment and utilizes income capitalization, cash equivalency, highest and best use concepts of discounted cash flow (DCF), cost approach and direct sales comparison to inform sound development decisions.
MRE-635 - Public Private Partnerships - 3 Credits
This course examines the opportunities and challenges of public-private partnerships (PPPs), the techniques employed to encourage growth, and the market and fiscal feasibility of cross-sector collaborations. In problem-based learning exercises students analyze case studies drawn from multiple contexts, with particular emphasis upon sustainable neighborhood redevelopment, rezoning of brownfields and gray fields, infill development, adaptive reuse, as well as affordable and mixed income housing. Working in teams students design and plan an affordable housing development, beginning with site selection in Philadelphia and feasibility studies, tax credit and tax exempt bond financing, community involvement, political considerations, and financial feasibility.
MRE-638 – Sustainable Affordable Housing - 3 Credits
The course is oriented towards the issues faced by local housing practitioners and policy analysts in the challenge of providing sustainable affordable housing. Sustainable affordable housing is examined from multiple viewpoints – historical, design, finance, policy, planning, and development. Students will understand the social and cultural dynamics of housing, the sustainable development process and the economic impact housing has on the American economy. Additionally, students will learn what influences local, State and Federal policies, laws and regulations have on the housing market, and how to meet the demand for affordable housing, special needs housing and other sub-housing markets.
MRE 640 – Capstone Project - 4 Credits
The course is the culminating Capstone Project required to graduate with the Masters of Science in Real Estate Development degree from Jefferson. Students propose a thesis; work with a dedicated advisor to develop the project; orally present the project; and submit their written documentation for final evaluation.
GEOD-625 - Internet GIS Tech for Design and Development - 3 Credits
This course introduces students to online geospatial technology tools applicable in various fields including planning, landscape architecture and real estate development. Software utilized in this course aids professionals in site analysis, land planning, urban design, real estate development, market research and feasibility analyses. Emphasis is placed on the ArcGIS Online platform, an instrument used to evaluate site potential, analyze geographic datasets, host and share impactful and informative applications. Students will utilize tools and data pertaining to landscape planning, the dynamics of neighborhood change and spatial growth modeling.
MCM-600 - Construction Estimating and Scheduling - 3 Credits
Utilizing pertinent case studies, this course focuses upon the planning and scheduling stages of the building process, with particular emphasis upon reading construction documents and basic estimating principles applied to small-scale, residential and commercial projects. Construction site procedures, as well as techniques for estimating unit quantities and costs of materials, labor and equipment, are introduced, and given industry application utilizing building specifications and computer software.
SDN-601 - Principles and Methods of Sustainable Design - 3 Credits
Sustainability is a cultural phenomenon that is reshaping the way architects, engineers, designers and planners conceive of the built environment. This lecture/seminar course will explore changes in culture over the years that have led to the formation and adoption of contemporary sustainable design practices, technologies and processes. Current aspects of sustainability will be explored including the impact of the LEED rating system, legislation, environmental law, corporate culture evolution, integrated design process, energy modeling and economic impacts of land development. Students will complete a final paper on future directions in sustainable design at the end of the course.
Additionally, students are required to take one graduate level elective course of their choosing.
Graduate Certificate Option
If you are not interested in the full graduate program, there is also a Graduate Certificate in Real Estate Development. Credits earned through certificate courses are transferable into the MS in Real Estate Development program. Students must apply for, and be accepted into, the MS in Real Estate Development program to transfer credits.