Master of Real Estate Development (2024)

Master of Real Estate Development (1)

UCLA’s new Master of Real Estate Development fills a need for smart stewardship of urban growth in Los Angeles, the nation and the world. Housed at UCLA Luskin Urban Planning and drawing on expertise from across the university and key industries, the MRED prepares professionals with the leadership skills, ethical foundation and technical prowess to guide cities on a path of sustainable expansion. With a foundation in social justice and an emphasis on key practical skills, the program immerses students in real-world development projects in the nation’s second-largest city, Los Angeles, a place known for innovation and an entrepreneurial spirit.

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UCLA Luskin MRED

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For more information about the UCLA Luskin Master of Real Estate Development, email:

MRED@luskin.ucla.edu

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Sean Campbell
Associate Director of Admissions & Recruitment
Public Affairs Building, Room 3357E
sean@luskin.ucla.edu
(310) 825-8957

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Master of Real Estate Development (8)

From planning to finance to design, decisions about what to build and where to build influence equity and sustainability in ways that are often neglected in traditional real estate development programs. The UCLA Luskin MRED will pair ethical underpinnings with advanced skills in high demand in the real estate development field. The MRED is part of the UC system’s self-supporting degree program, aimed at addressing specific needs in the workforce. The degree will benefit students and professionals seeking advanced degrees, including:

Applicants with a bachelor’s or graduate degree, particularly in these fields:

    • Architecture
    • Business
    • Economics
    • Civil engineering
    • Law
    • Management
    • Planning
    • Public policy

International applicants, particularly from countries with growing rates of urbanization

Applicants with at least two years of experience in real estate, urban development or related fields

Mid-career professionals seeking to advance in an evolving field

Master of Real Estate Development (9)

The MRED program spans 11 months of full-time instruction, including an optional one-week boot camp bringing students up to speed on high-demand technical platforms used in project planning, spatial analysis and visual communication; three quarters of rigorous core and elective coursework; and a summer spent completing a practicum, conducted remotely, that immerses students in the challenges of executing a real estate development proposal.

MRED coursework provides a strong grounding in urban development policies and institutional processes, and calls on students to think critically about the future of cities.

Core courses will develop a strong foundation in:

    • Economics and finance
    • Market analysis
    • Land development laws and regulation
    • Development and design
    • New building technologies
    • Negotiation and consensus-building
    • Community participation

A rotation of electives will touch on topics including but not limited to:

    • Climate adaptation
    • Housing affordability
    • Zoning and equity
    • Age-friendly building
    • Innovative financing
    • Globalization
    • Big data and smart cities

Master of Real Estate Development (10)

Distinguished and innovative real estate and urban development practitioners will join UCLA faculty in administering, teaching and delivering the MRED curriculum. Campus partners include:

    • Ziman Center for Real Estate, housed at the Anderson School of Management
    • Lewis Center for Regional Policy Studies
    • Institute of Transportation Studies
    • Luskin Center for Innovation
    • Luskin Institute on Inequality and Democracy
    • UCLA Law
    • cityLAB

Master of Real Estate Development (11)

The UCLA Luskin MRED meets a demand for professionals who possess both technical skills and a forward-looking understanding of the socioeconomic issues surrounding real estate development. Students will emerge prepared for positions around the world in:

  • Private industry, including development, management and investment
  • The nonprofit sphere, including affordable housing projects, land acquisition and financing
  • The public sector, including strategic planning, community development and asset management

Master of Real Estate Development (12)

The UCLA Luskin MRED is housed within Urban Planning at UCLA, recently ranked as the nation’s No. 1 program of its kind. The program is part of the UCLA Luskin School of Public Affairs, a living laboratory of teaching and research at the convergence of the fields of social work, urban planning and policymaking. UCLA Luskin is known for:

Leadership: Integrity, equity, and justice lie at the heart of public affairs, and UCLA Luskin is committed to developing leaders equipped to enter the world ready to make a difference.

Collaboration: Our master’s, doctoral and undergraduate students value the unique integration of several disciplines within one School, an academic cross-collaboration that fosters a rich education and encourages fresh perspectives.

Resources: In addition to highly ranked degree programs, UCLA Luskin is home to numerous innovative research centers, and the region around us offers abundant opportunities to intern and work.

Diversity: At UCLA Luskin, diversity is strength. Our faculty and student body come from many ethnic, age, gender and socioeconomic spheres, creating one of the most diverse and interdisciplinary units in the entire UC system.

Family: UCLA Luskin is known for its supportive learning environment. Our faculty and staff enthusiastically share knowledge and inspire students to engage with the world through advocacy and research in public, private and grassroots organizations.

Master of Real Estate Development (13)

Applicants to the MRED program must follow UCLA Graduate Division’s admission procedures. General requirements for admission include:

  • A bachelor’s degree from an accredited institution or international equivalent
  • A minimum grade-point average of 3.0 (on a 4.0 scale)
  • Proficiency in English
  • Previous experience in real estate or urban development is recommended but not required

Materials needed to apply:

  • UCLA Graduate Division Online Application
  • Application Fee
  • Transcripts
  • Statement of Purpose – No longer than 1,000 words
  • Personal History Statement – No longer than 500 words
  • Resume
  • Three Letters of Recommendation
Master of Real Estate Development (2024)

FAQs

Is a master's degree in real estate development worth it? ›

From income to professional networks and certifications, earning a master's degree in real estate is a crucial investment if you want to succeed in the industry, and a great way to get started. For more information about the types of jobs an MSRE prepares you for, read "13 Careers to Pursue in Real Estate."

Is real estate development hard? ›

Long, unpredictable hours: Real estate development can be a demanding career that requires long hours and a lot of hard work.

Is real estate development a lucrative career? ›

While property development can be a particularly lucrative area of the real estate industry, developers face numerous risks and challenges that can derail projects and profits.

How do real estate developers make money? ›

Real estate developers generally make money by purchasing land, developing a property on it, and then selling both the land and property. Developers are also known to flip properties, which includes buying an existing building and renovating it before selling it for a profit.

Is real estate development a stressful career? ›

Real estate development is a rewarding but demanding career that requires creativity, problem-solving, and leadership skills. However, it can also be stressful, competitive, and unpredictable, leading to long hours, tight deadlines, and high expectations.

What degree is most useful for real estate? ›

Popular majors for future real estate agents include marketing, finance, accounting, psychology, and business. Even though going to college isn't required, you may find it helpful to complete a degree or certificate program to gain knowledge that would help you succeed as a real estate agent.

Is the first year of real estate the hardest? ›

So don't expect your first year to be easy. The first year will be one of the most challenging years of your career in real estate, particularly if you don't have mentors who can help. Your first year might not meet all your initial expectations. Additionally, you may not achieve monumental financial success.

How to become a great real estate developer? ›

How to become a real estate developer
  1. Earn a degree.
  2. Get your real estate license.
  3. Gain experience.
  4. Build a network.
  5. Learn how to manage finances.
  6. Understand your market.
  7. Understand contracts.
  8. Consider becoming certified.
Mar 10, 2023

Why do real estate developers make so much? ›

Real estate developers secure financing through various means, including bank loans, private investors, and partnerships. In many cases, they charge fees for arranging and managing these financial arrangements, which can include loan origination fees or a percentage of equity investments.

How much do most real estate developers make? ›

Commercial Real Estate Development Salary in California
Annual SalaryMonthly Pay
Top Earners$149,516$12,459
75th Percentile$126,300$10,525
Average$93,262$7,771
25th Percentile$74,000$6,166

What is the most profitable type of real estate development? ›

Which real estate investments are the most profitable? Commercial real estate investments tend to have higher income potential than other types of investments, with the added benefit of longer leases and lower vacancy rates.

Can you become a billionaire from real estate development? ›

The term real estate is often used to describe both an investor in properties as well as someone who represents the sellers of properties. While it is true that real estate investors can become billionaires through the buying and selling of commercial real estate holdings, real estate agents typically cannot.

How to become a millionaire real estate developer? ›

8 Tips On How To Become A Real Estate Mogul or Millionaire
  1. Have a Good Business Plan. ...
  2. Find Sustainable Real Estate Markets. ...
  3. Narrow Down Your Scope. ...
  4. Build Your Real Estate Team. ...
  5. Acquire Your First Investment Real Estate. ...
  6. Step Back and Evaluate Your Investments. ...
  7. Step Back and Wait.
Sep 7, 2023

Who makes most money in real estate? ›

Top 10 Highest Paying Real Estate Jobs (Inc Salaries)
  • Real Estate Broker. ...
  • Commercial Real Estate Sales Agent. ...
  • Real Estate Attorney. ...
  • Residential Real Estate Sales Agent. ...
  • Real Estate Developer. ...
  • Mortgage Loan Officer. ...
  • Real Estate Asset Manager. ...
  • Commercial Leasing Manager.

What is the best degree to be a property developer? ›

Let's delve into the nine best degrees for a successful career in real estate, each providing a unique avenue to thrive in this vibrant industry.
  • Real Estate Management. ...
  • Real Estate Finance. ...
  • Architecture. ...
  • Business Administration. ...
  • Urban Planning. ...
  • Civil Engineering. ...
  • Environmental Science. ...
  • Marketing.
Oct 30, 2023

What is a master developer in real estate? ›

In the Master Developer approach, a single organisation undertakes to promote the site, secure planning permission, deliver enabling infrastructure works and common open spaces, and create serviced plots of land for sale to a range of builders and developers.

Is an MBA good for real estate development? ›

Is an MBA good for working in real estate? An MBA can equip you with the foundational knowledge needed to work in real estate. In an MBA program, students develop managerial and leadership skills to help them navigate their careers in real estate.

Will I make more money with a master's degree? ›

According to the Economic Policy Institute, graduates of advanced degree programs earn about 25 percent more than those with just a bachelor's degree.

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