Master of Real Estate Development

Get on track toward a rewarding career in commercial real estate. Highly practical and industry-aligned, the MRED curriculum provides you with a solid foundation and ample career opportunities.

Centered around three course clusters, the MRED curriculum is a 55 credit hour degree, including 15 elective credits that will allow you to focus your degree in your area of interest.

  • Full Time: 12 months
  • Part Time: 24 months

Visit the 2020-2021 Bulletin for course details >>

    Fundamentals: Finance, Markets and Law

    This cluster of courses provides students with the essential knowledge and tools required to solve real world problems. It makes up 15 credits of the core requirements.

    • Real Estate Finance I: RE 521 (4)
    • Real Estate Finance II: RE 522 (4)
    • Real Estate Law: RE/USP 538 (3)
    • Real Estate Economics: RE 573 (4)

    Community: Sustainable Urban Development

    This cluster trains real estate development students to understand the role of the real estate industry within the context of sustainable urban development. This cluster makes up 10 credits of the core requirements.

    • Commercial District Revitalization: USP 527 (3)
    • Sustainable Cities and Regions: USP 569 (3)
    • Community, Planning, and Ethics: USP 612 (4)

    Projects: Solving Real World Challenges

    In this cluster you will work in small groups researching case studies, analyzing development projects and designing new projects. Opportunities to meet experienced real estate professionals within Oregon and beyond will be a core part of this cluster.

    • Real Estate Development I: USP 523 (4)
    • Real Estate Development II: USP 546 (3)
    • Development Project Design: USP 624 (3)
    • Executive Perspectives on Real Estate: RE 531 (1)
    • Real Estate Development Workshop: RE 562 (4)

    MRED Workshop

    Collaborate with industry professionals on a real-world development project to build your expertise, portfolio, and network.

    Enhance your education with a capstone course that challenges you to produce a comprehensive development plan for a pre-selected site in the Portland or Seattle area. Working in teams, you will take the project from concept to presentation, covering market and economic analysis, capital and operations budget, and a management plan.

    Along the way, you will forge new industry connections as you gather insights from city planners, architects, lenders, brokers, property managers and developers.

    Upon completion, you will have the opportunity to present your plan to the real estate community, gaining feedback and visibility. In the winter term, student teams showcase their plan at a  multi-university National Association of Industry and Office Properties (NAIOP) competition held in Seattle; in the summer term, they present at the Building Operations and Managers Association (BOMA) and The School of Business monthly Business Briefing meeting in Portland.


    MRED Electives: 15 Credits

    Specialize your degree through electives that align with your individual career goals.

    Students in the MRED program can design their electives in the MRED program in whatever way suits their career development needs. However, we have created three elective "pathways" to give students guidance on how to focus their electives in one of three areas: Development, Investment, and Policy. The number of course credits are noted in parentheses.

    Real Estate Development Pathway Electives

    • Sustainable Development Practices: USP 588 (3)
    • Green Buildings I: USP 529 (3)
    • Development Partnerships: USP 619 (3)
    • Retrofitting Suburbia: USP 510 (3)
    • Land Use Implementation: USP 542 (3)
    • Housing & Environments for the Elderly: USP 585 (3)
    • Site Planning: USP 524 (3)
    • Urban Design Workshop: USP 575 (4)
    • Contemporary Urban Design: ARCH 531 (4)
    • Real Estate Market Analysis: RE 548 (3)
    • Real Estate Construction: USP 563 (3)
    • Visual Communication for Planners: USP 510 (2)
    • Real Estate Property Tour: RE 510 (1)
    • Real Estate Negotiation: RE 510 (1)

    Real Estate Finance & Investment Pathway Electives

    • Real Estate Valuation I: RE 539 (4)
    • Real Estate Negotiation: RE 510 (1)
    • Finance, Economics, and Real Estate: RE 510 (1)
    • Financial Management for Financial Analysts: FIN 551 (4)
    • Managerial Macroeconomics: FIN 516 (2)
    • Financial Accounting: ACTG 511 (4)
    • Valuation & Analysis: FIN 553 (4)
    • Investments: FIN 552 (4)
    • Real Estate Investment Analysis: RE 510 (2)
    • Property and Asset Management: RE 510 (4)
    • Real Estate Market Analysis: RE 548 (3)
    • Real Estate Property Tour: RE 510 (1)
    • Affordable Housing Finance: USP 596 (3)

    Real Estate Policy Pathway Electives

    • Economic Applications to Urban Studies: USP 515 (4)
    • Negotiation in the Public Sector: USP 584 (4)
    • Participatory Planning - USP 550 (3)
    • Regional Planning and Growth Management: USP 549 (3)
    • Urban Economic Development Policy: USP 517 (3)
    • Geographic Information Systems I: USP 591 (4)
    • Land Use: Legal Aspects: USP 555 (3)
    • Urban Housing Policies: USP 567 (3)
    • Impact Assessment: USP 578 (3)
    • Concepts of Community Development: USP 551 (3)
    • Planning in the Pacific Northwest: USP 594 (3)
    • GIS for Planners: USP 531 (4)
    • State & Local Public Finance: USP 579 (3)
    • Green Economics & Sustainable Development: USP 590 (3)
    • Regional Economic Development: USP 572 (3)
    • Transportation & Land Use: USP 570 (3)
    • Community Economic Development: USP 551 (3)
    • Public Participation GIS: USP 593 (3)
    • Affordable Housing Finance: USP 596 (3)
    • Oregon Land Use Law: USP 568 (3)
    • Geographic Information Systems II: USP 592 (4)
    • History & Theory of Urban Design: ARCH 532 (3)

    Visit the 2020-2021 Bulletin for course details >>


    MRED Schedule

    Orientation

    Orientation is an important part of the MRED experience and is required for all students. Orientation is held in-person in the Karl Miller Center on the PSU campus.

    Spring term: March 14, 2020

    Fall term: September 12-13, 2020

    Classes are typically scheduled Monday through Thursday in the late afternoons and evenings, with one course being held on two Friday mornings.

    Sample Full-Time Schedule for Students Starting in the Fall

    Term Courses
    Fall Real Estate Finance I: RE 521 (4)
    Executive Perspectives on Real Estate: RE 531 (1)
    Real Estate Law: USP 538 (3)
    Community, Planning, and Ethics: USP 612 (4)
    Development Project Design: USP 624 (3)
    Winter Sustainable Cities and Regions: USP 569 (3)
    Real Estate Finance II: RE 522 (4)
    Real Estate Development I: USP 523 (4)
    Elective (4)*
    Spring Commercial District Revitalization: USP 527 (3)
    Real Estate Development II: USP 546 (3)
    Real Estate Economics: RE 573 (4)
    Elective: (5)
    Summer Real Estate Development Workshop RE 562 (4)
    Elective (6)*

    Sample Part-Time Schedule for Students Starting in the Fall

    Year 1 Courses
    Fall Real Estate Finance I: RE 521 (4)
    Executive Perspectives on Real Estate: RE 531 (1)
    Community, Planning, and Ethics: USP 612 (4)
    Winter Real Estate Development I: USP 523 (4)
    Real Estate Finance II: RE 522 (4)
    Spring Real Estate Development II: USP 546 (3)
    Real Estate Economics: RE 573 (4)
    Summer

    Elective (3)*
    Elective (3)*

    Year 2 Courses
    Fall Real Estate Law: USP 538 (3)
    Development Project Design: USP 624 (3)
    Winter Sustainable Cities and Regions: USP 569 (3)
    Spring

    Commercial District Revitalization: USP 527 (3)

    Elective: (5)

    Summer Real Estate Development Workshop: RE 562 (4)

    *Students are required to complete 10 elective credit hours. Schedule subject to change. 

    Sample Full-Time Schedule for Students Starting in the Spring

    Year 1 Courses
    Spring Real Estate Finance I: RE 521 (4)
    Commercial District Revitalization: USP 527 (3)
    Real Estate Law: USP 538 (3)
    Real Estate Economics: RE 573 (4)
    Summer Real Estate Development I: USP 523 (4)
    Elective (7)
    Fall Development Project Design: USP 624 (3)
    Community, Planning, and Ethics: USP 612 (4)
    Executive Perspectives on Real Estate: RE 531 (1)
    Elective (4)
    Real Estate Development II: USP 546 (3)
    Winter

    Sustainable Cities and Regions: USP 569 (3)
    Real Estate Finance II: RE 522 (4)
    Real Estate Development Workshop: RE 562 (4)
    Electives (3)*

    Sample Part-Time Schedule for Students Starting in the Spring

    Year 1 Courses
    Spring Commercial District Revitalization: USP 527 (3)
    Real Estate Finance I: RE 521 (4)
    Summer Real Estate Development I: USP 523 (4)
    Elective (3)*
    Fall Executive Perspectives on Real Estate: RE 531 (1)
    Real Estate Law: USP 538 (3)
    Community, Planning, and Ethics: USP 612 (4)
    Winter

    Sustainable Cities and Regions: USP 569 (3)
    Real Estate Finance II: RE 522 (4)

    Year 2 Courses
    Spring Real Estate Development II: USP 546 (3)
    Real Estate Economics: RE 573 (4)
    Summer Elective (3)*
    Elective (3)* 
    Fall Development Project Design: USP 624 (3)
    Elective (3)*
    Winter Real Estate Development Workshop RE 562 (4)
    Elective (3)*

    *Students are required to complete 15 elective credit hours. Schedule subject to change. 

    Learn More About the Master of Real Estate Development