The MSRED Program at MIT requires specific courses in order for students to gain the degree, rather than a specific number of credits. To be recommended for the degree, MSRED students must maintain a 4.0 out of 5.0 GPA and complete 7 core courses, plus one to two electives per term, plus a thesis.
Students must successfully complete the specified MSRED core courses:
11.303: Real Estate Development Studio (18 units)
11.354: Real Estate Products Development (12 units)
11.431: Real Estate Finance and Investment (12 units)
11.432: Real Estate Capital Markets (6 units)
11.433: Real Estate Economics (12 units)
11.450: Real Estate Building Systems (3 units)
11.499: Thesis Prep (3 units)
Students can choose from a variety of elective courses throughout MIT or at Harvard through the MIT/Harvard cross-registration program. A minimum of 9 units from the following courses must be taken in the fall semester. A minimum of 15 units from the following courses must be taken in the spring semester.
International Students: Please be aware of the Center for Real Estate’s English Evaluation Test (EET) Policy.
11.301: Introduction to Urban Design and Development (12 units)
11.333: Urban Design Seminar (9 units)
11.344: Innovative Project Delivery (6 units)
11.345: Entrepreneurship in Construction and Real Estate Development (6 units)
11.351: Real Estate Ventures I (12 units)
11.352: Real Estate Ventures II (12 units)
11.353: Mortgage Securitization (9 units)
11.355: International Housing Finance & Economics (9 units)
11.430: Leadership in Real Estate (6 units)
11.434: Tools for Analysis: Design for Real Estate & Infrastructure Development (6 units)
11.435: Mixed Income Housing Development (12 units)
11.962: Fieldwork – Real Estate (3 units)
11.455: Principles of Corporate Finance (9 units)
The required thesis provides students with an opportunity to integrate and apply the knowledge acquired in course work in a substantial written report, equivalent in weight to one full course. Students may choose to take part in ongoing faculty or industry proposed research projects, both offered within the MSRED Program and throughout, or to identify a topic of their own.
A thesis seminar (course 11.499) is a core courseoffered during the spring term. It describes faculty research interests, and explains quantitative and qualitative methodologies to help students explore possible thesis topics. Thesis topics and work plans are finalized by the end of the spring term. Thesis research — which may include interviews, statistical analysis, project evaluations, and literature reviews — and the writing of the thesis is accomplished over the summer term or following fall term.
Beginning in the 2016 academic year, MSRED students are able to participate in an internship opportunity and count the experience towards their degree requirements. Internships are undertaken during the summer semester, typically by those students pursuing the 16-month program option. Students are required to submit a written summary and assessment of their internship in order to receive credit for this Fieldwork course.
Each semester, the MSRED Program offers seminars on a rotating basis. Designed to delve deeper into specific areas of the industry than would be covered in the above-mentioned courses, these seminars offer students a low-impact way to supplement their knowledge and course load. The seminars offered during the 2016 – 2017 academic year are as follows:
Urban China Research Seminar (3 units)
Mediating Private Development (3 units)
Innovative Products, Spaces, and Technology in Real Estate Development (3 units)
Corporate Real Estate (3 units)
Real Estate Investment and Financial Analysis (3 units)
The MSRED Course Requirements chart is a helpful guide for course planning.
A student who wants to complement the MSRED may apply to pursue a dual degree from other departments or programs at MIT, such as Architecture, and Urban Studies and Planning.
A Ph.D. with Real Estate Focus
The MIT Center for Real Estate does not itself grant a Ph.D. degree, but the Department of Urban Studies and Planning (DUSP), with which the Center is associated, does. Students wanting to pursue a doctoral degree in real estate can take advantage of this affiliation. After being accepted into a doctoral program in DUSP and completing its basic program requirements, students can focus on real estate studies through courses offered by MIT/MSRED faculty. Click here for more information.