Master of Real Estate Development

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Lay the foundation for sustainable career success in commercial real estate. 

It’s no coincidence that Portland State University is located in the heart of one of America’s most dynamic, innovative real estate markets. Portland has become a national model of urban livability. And our Master of Real Estate Development equips you to shape the communities of the future.

Offered jointly through PSU’s nationally-ranked School of Business and renowned College of Urban & Public Affairs, our Master of Real Estate Development offers practical, interdisciplinary, outcome-oriented expertise in commercial real estate. You’ll gain hands-on experience, work with industry pros and build a professional network to accelerate your rise in commercial real estate.

Designed for professionals working in all areas of commercial real estate, the degree provides foundational real estate knowledge in addition to access to the region’s top real estate leaders. Whether you’re already employed in real estate or breaking into the field, our Master of Real Estate Development puts your career on the fast track.

Real Estate Development: Why PSU?

  • Practical, industry-aligned curriculum. With input from industry leaders, our curriculum reflects the most current tools and techniques in commercial real estate. You’ll acquire relevant, high-impact expertise in real estate finance, law, market analysis, economics, design and more.
  • Emphasis on innovation. Portland State helped pioneer a model of sustainable urban development that cities across the world have sought to emulate. You’ll learn to practice real estate development in a sustainable, inclusive and community-oriented manner, learning and connecting with many of the nation’s leading, innovative development firms.
  • Hands-on experience. Our Master of Real Estate Development gets you out of the classroom and into the community. You’ll tour Portland’s latest urban developments, examine practical real estate challenges and interact with professionals in every corner of the industry. The program culminates in a capstone development project in partnership with the NAIOP organization. You’ll showcase your creativity in commercial real estate by creating and presenting solutions to property owners, developers and investors.
  • Exceptional faculty. You’ll learn from national experts who’ve worked all over the world in real estate development, consulting, urban planning, placemaking, and related fields. Our instructors teach from first-hand experience, offering mentorship and career guidance as well as academic expertise. 
  • Professional connections and acceleration. PSU’s Center for Real Estate — a partnership between The School of Business and College of Urban & Public Affairs to manage real estate programs at PSU — offers you extraordinary opportunities to connect with Portland’s leading real estate professionals for hands-on learning, mentorship, and networking. In addition, the real estate master’s degree fast tracks you to qualify for certification in environmental design (LEED), commercial investment (CCIM), property management (CPM) or transaction analysis (Argus). All of the degree’s real estate courses can also be applied toward continuing education credits for Oregon and Washington brokers.

Real Estate Program Highlights

  • Housed in PSU’s Karl Miller Center, an iconic LEED Platinum facility that opened in 2017
  • Opportune location in Portland’s trendsetting real estate market
  • Open to both part-time and full-time students
  • Late afternoon and evening courses to accommodate working professionals 
  • Open to students desiring to start in April or September
  • Standardized exams (GMAT and GRE) not required for admission
  • Accessible to early- and mid-career professionals and recent college graduates
  • PSU named to U.S. News & World Report’s “Most Innovative Universities” list four consecutive years
  • Engaged advisory board and alumni chapter

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What Can I Do With a Real Estate Development master’s degree?

The Master of Real Estate Development gives students a solid foundation in real estate education to advance their careers. Students come from a diverse range of backgrounds and aspire to an equally wide array of professional outcomes, including:

  • Real estate investment and ownership
  • Brokerage
  • Urban planning and design
  • Affordable housing
  • Lending
  • Construction
  • Architecture
  • Property Management
  • Development
  • Project management