The MIT Center for Real Estate (MIT/CRE) was founded in 1983, by MIT alumnus, Charles “Hank” Spaulding CE ’51. A prominent real estate developer himself, he had the vision to improve the quality of the built environment and to promote a more informed professional practice in the global real estate industry.
Educating the men and women whose innovations will serve the industry worldwide, we are home to the first one-year Master of Science in Real Estate Development (MSRED) degree, as well as an intensive two- week Professional Certificate in Real Estate Finance and Development.
Our pioneering research investigates the real estate transaction from initial concept to market reality, providing breakthrough knowledge to help organizations capitalize on today’s dynamic markets and technologies.
Uniting industry leaders with MIT’s distinguished researchers and students, our diversified industry partnership program advances the art and science of global real estate and bridges the gap between theory and practice.
The structures built by the real estate industry comprise over a third of the world’s tangible wealth and are responsible for as much as one-third of the world’s total global greenhouse gas emissions – primarily through the use of fossil fuels during their operational phase. For the industry to maintain its responsible leadership in the global community, it must encourage a culture of sustainability and innovation that meets the challenges of an increasingly interconnected world.
MIT is uniquely positioned to help the industry increase its efficiency, prosperity, and social responsibility. Through research and education initiatives at the MIT/CRE, MIT applies its tradition of excellence in technology, knowledge transfer, and global reach to the real estate industry, developing innovations to help practitioners build responsibly and profitably.
- A specialized, globally recognized, one-year Master of Science in Real Estate Development (MSRED) program, with an extended sixteen-month option.
- A unique, interdisciplinary research platform that links academia with industry to meet the need for more informed decision-making and the implementation of best practices.
- A network of global outreach that links the real estate industry with Center graduates and with MIT’s leading-edge research in science and technology. It’s that vital link to MIT that keeps our industry innovative and competitive.
Envisioning the industry’s integrated stewardship of its land and products, the MIT/CRE provides tomorrow’s practitioners with the means to transform an ever more vital, global and complex market.